Post
Topic
Board Legal
Re: For a country still illegal against bitcoin?
by
Oasisman
on 26/03/2018, 01:25:50 UTC

In some Asian countries bitcoin is very influential for people to invest. why it is still illegal for a particular country. to be more clear and can be received by the government like where?

Every country and every Government has its different views on all the things including financial views (to be on topic). There are still debates from other countries not considering Bitcoin as a financial asset, while the others embrace and recognize Bitcoin as currency. Some countries are afraid it could fund criminal activities including terrorist due its anonymity and decentralization. Plus Bitcoin and alts are nontaxable, unless if a certain country would implement such laws to put a certain percentage of tax when you're earning Bitcoin.
The reason why some countries ban cryptocurrency is its for their own security and protection.