Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin is not supported in some countries?
by
yasuoWasakey99
on 23/11/2017, 11:28:20 UTC
Central banks do not enjoy competition for their monopoly on currency.  It's where they derive most of their power.
They want to have a sole control but they cannot control bitcoin so I can say it has become a threat to them.
People will use bitcoin even if they will ban it because as long as there is internet everything is possible online for a person who are satisfied with the decentralized system.

It was a threat in the way that bitcoins can be used for buying drugs online and it was very hard for N.B.I. to trace the transaction so the only way to avoid this illegal transactions is to ban bitcoins from circulating the country.

Some people strongly believe that Government is the illegal transaction.

Cool
I agree but other countries like my country has put tax on bitcoin that means whenever i cash it out i pay fees and i pay taxes so that is not a good thing but at least this way i will have legal money and i think from 1 bitcoin you could get 5k if you pay everything.