Post
Topic
Board Bitcoin Discussion
Re: why some country banned bitcoin?
by
MFahad
on 14/04/2018, 16:12:51 UTC
Because government can't collect tax from bitcoin thus they make ways to earn from peoples earnings from bitcoin.

Tax collection is just one reason. Actually most of the government fear the bitcoin involvement in their monetary system making government itself money less. People when start to save their investments in bitcoins and not in banks, Government wont have then any money left to run the government machinery and may collapse if they have not planned well.