Post
Topic
Board Bitcoin Discussion
Re: why some country banned bitcoin?
by
crustycrab666
on 02/11/2017, 05:25:29 UTC
why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Why they ban it? Bitcoin is a decentralized stuff which means it cant be taxed and also if their citizens would able to know about bitcoin then tendency on hiding their assets on crypto form would possibly happen which they would really have a hard time on tracing up knowing bitcoin is an anonymous stuff too and also they do believe that it can really increase criminality on their place.

It is true. the government will not be able to control bitcoin. so the government is worried about criminal acts that use bitcoin, such as drug trafficking, illegal weapons, etc.