Quote from: Bitcoinbitcoin0909 on August 27, 2018, 04:17:08 PM

Quote from: udana123 on July 02, 2018, 05:28:15 PM

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

Each and every country has their own reason why they don't allow the use of crypto anymore. Maybe it is because of the threat crypto is showing to the government and the economy or maybe because they are too afraid to take the risk of allowing it yet it wouldn't be so effective. They are just playing safe but still I hope someday it will get legalized all throughout the world.

Some countries are preventing the use of Crypto because they are afraid of it, They cannot control or manage crypto system because it is a digital money, They can't put some regulations in it , Government tend to control all that there in the country, Some won't allow the use of it because they have no knowledge in crypto.