Post
Topic
Board Bitcoin Discussion
Re: Rich people causes cryptocurrency ban
by
Sanugarid
on 07/05/2021, 13:53:28 UTC

Across the world.

* If I many ask what is the major reason while some countries ruling class ban bitcoin transaction?
* What is the negative effects using crypto as currency?
* what harm does bitcoin contributes a country that can lead to ban?


It could become a threat to a country since BTC could be used illegally due to its nature of the transaction which is unknown for the government and they cannot track all the transactions done using the blockchain technology. From what I know, that's one of the reasons why other countries banned BTC. Also, it uses peer-to-peer technology so the government won't be able to control and regulate due to independent transactions.