Quote from: Himanshu111 on September 21, 2018, 04:59:03 PM

Quote from: Magkirap on September 21, 2018, 03:45:29 PM

Quote from: Jamboo30 on August 21, 2018, 03:31:46 PM

I think the reason why other ban crypto because crypto is a new currency, unstable, highly fraudulent and has not reached a certain balance like some other markets such as stock, gold .... Governments have not recognized crypto to protect people against scam risks. Once crypto is more transparent and stable, I think it will be recognized and become more popular.

We all know that cryptocurrency is the new modern currency which can transfer money easily and instantly. The reason why they ban it is they can't control this currency simply because of its being decentralized. Cryptocurrency has no tax and I think it is also reason why they banned it. Lastly, I think they certain reason why they banned it but I do believe they will recognize the real use of cryptocurrency in the near future.

There are several reasons behind this ban of cryptocurrencies.These cryptocurrencies are very volatile and the price depends upon the forces of demand and supply.When the demand rises the price will rise.These cryptocurrencies are also very risky and they can easily get hacked.Cryptocurrencies are also decentralized which means no central bank or government has any direct control over it.Taxes also cannot be implied on these digital currencies.

well, of course the tax problem is always the reason why bitcoin is forbidden. well, but I think, there are some people who buy bitcoin just because they don't want to pay taxes. but I think that's quite strange, because buying large amounts of bitcoin will be a risk, even that can make them lose more money than pay taxes. well, but surely there are some reasons that make the government ban bitcoin.