Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin is not supported in some countries?
by
dyablo
on 24/01/2018, 01:04:08 UTC
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
Actually each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized.

Another thing why other country do not support bitcoin because their government can't impose taxes from any transaction happens using bitcoin.  And also they are afraid that bitcoin can be used to buy illegal products in the blackmarket.