Still England And China Refuse Bitcoin

[Honny143 13612]

Every one knows China and England have developed countries and their economy also this countries not accept crypyo currency as a currency then how small nation accept crypto its really sad news for crypto I think this countries fear about bitcoin because the growth of bitcoin is unbelievable so they fear their physical currency got trouble so they can't accept bitcoin 

[iloveyobit 6599]

They cannot accept bitcoin because it is decentralized and is not affiliated with anyone, and he has a lost deal for them, but at the same time they will not be able to prevent people from trading bitcoin.

[Raouf99 73]

On 1/18/2020 at 5:27 AM, rjroshan said:

Like so many other countries, The bank of England has been said, that they cant accept bitcoin as a legal currency and they have explained further that bitcoin doesn't satisfy any currencies and it's volatility and very bad acceptance rate. The most important thing is so many other counties like china has also the same problem with bitcoin. 
What do you feel about this and is this bad effect on bitcoin's future

They will soon adopt and this is a good.

[Beromnia 733]

Welcome with me
In my view, the problem of extreme price volatility in the Bitcoin coin is sufficient reason for the regulation of cryptography not to be legally accepted by countries
A sufficient argument to refuse encryption altogether
The survival of cryptography is not legally regulated, it has a major negative impact on its future

[Imaankhan 208]

On 1/18/2020 at 5:34 AM, hasn said:

All countries of the world are afraid of changing the major currencies in the world, especially as the cryptocurrencies are not clear who is secretly supporting them
Any currency requires a general acceptance by society in order to preserve its value

Belief in cryptocurrencies increases its value

Yes you are totally right the security of the currencies is the main reason i believe for the governments not to accept bitcoin legally.

[andrehol 16294]

Any state (including England and China) wants to benefit from cryptocurrencies. China gains this benefit with cryptocurrency mining equipment. England is looking for an opportunity to get its share of the profits. The legalization of crypto in England is a matter of time.

[nicolas1234789 2566]

That's reality and we should accept it but as crypto users we should keep optimist bitcoin will find new place in global financial instrument. Country/ bank reject bitcoin but not with the technology and they want use currency to replace bitcoin, if success bitcoin will goes down and never up again, that's our nightmare.

[Ayush Singh 1175]

I don't think there will be any benefit for refusing Bitcoin because it's the best cryptocurrency which can also boost up the economy if it is deal in a good way and in a good time.

[dinabolt 514]

Both country really hard reject bitcoin to enter their financial and make many statement bout reject but adopt only blockchain. I think China and England makes digital currencies for their own country. In the future of they will accepted with different regulation and place, maybe will similar with stocks.

[deepown 0]

4 hours ago, Gogular said:

sorry to say it does not happened, at any rate perhaps in the prospect they will swap their minds
 

I said that as it is already happening according to the news I read.

[Sapdrx 469]

I think it's just a matter of time before china and the UK will adopt crypto. The first positive signs are already there. They cannot ignore this development.

[miskyming 1588]

If they still can not accept bitcoin in the future, well there is no affect in the market. It will still running without them but if they legalize using bitcoin then it would be good.

[babaji 1228]

They will ban bitcoins because if they don't, bitcoin will end the entire banking system and along with it their jobs would go as well. Blockchain is the most secured bank ever, you dont need banks when you can keep your funds in blockchain. 

[Interface User 1070]

England and China have a good economic status and have many people that can used crypto currency. I think they're not ready for this because for me they have fear and doubts in this coin. I just hope that they don't waste this opportunity to become more successful.

[SanjidaAkterSanju 69]

Now a days many people  of the world doesn’t know about it. So it can't be accept by all. Moreover it is not physical currency and its price is too high for most people. So it needs more time to become legal all over the world. It is the money of future.            

[tienda 8776]

I think all government or companies around the world they are interested more in Blockchain Technology than cryptocurrency, because they have the benefit using Blockchain Technology for their service and system, but right now for them cryptocurrency is not stable.

[Babubu609 0]

On 2/6/2020 at 11:21 AM, Arun gope said:

I don't understand the countries are not accepting cryptocurrency as there native money is so useful to the people I want  to get on from this type of passive income.

it is able to impact bitcoin negatively because btc best depends on demand and deliver for this reason it'd be unstable for all time.

[CryptoMaxim 3829]

They do not want to accept it because they do not want to be dependent on bitcoin. But in any case, users will use cryptocurrencies and it will be more popular.

[magd 5231]

Bitcoin needs some time to get the acceptance of China and England, but this acceptance will soon be due to what Bitcoin did when it threatened the human virus, Corona virus, as it reduced congestion and some companies donated bitcoin to provide support to hospitals and patients.

[Hatred 1388]

On 1/18/2020 at 8:27 AM, rjroshan said:

Like so many other countries, The bank of England has been said, that they cant accept bitcoin as a legal currency and they have explained further that bitcoin doesn't satisfy any currencies and it's volatility and very bad acceptance rate. The most important thing is so many other counties like china has also the same problem with bitcoin. 
What do you feel about this and is this bad effect on bitcoin's future

Well, if they continue to refuse bitcoin, suddenly that will be a major problem. It's because these two countries are powerhouse countries in terms of currencies. If this two will not accept and continue to refuse bitcoin, we can expect that we can see the fall of bitcoin. It's because these two countries can be a great contributor for bitcoin. They can make it more popular and in demand in the world.

[kizz 3370]

There are still countries that are not open and does not have laws implemented in crypto currency. Maybe soon I hope they will open their country in crypto currency.

[Ms.o 3322]

It is mainly because many countries not only china and england still on wary about the opportunity also that it gives to use it for crimes such as money laundering and terrorism.

[Whited35 15285]

If England and China issues the new rules to ban crypto , there will be the huge impact in the cryptocurrency market here is no doubt,Powerful countries may surely have the bigger investors who may have spent the huge money into the crypto, might get the negative impressions. 

[Lover840 0]

On 1/18/2020 at 5:57 AM, rjroshan said:

Like so many other countries, The bank of England has been said, that they cant accept bitcoin as a legal currency and they have explained further that bitcoin doesn't satisfy any currencies and it's volatility and very bad acceptance rate. The most important thing is so many other counties like china has also the same problem with bitcoin. 
What do you feel about this and is this bad effect on bitcoin's future

Yes china has a large number of population so obviously this decision could result bad for bitcoin future. Many countries are acting afraid to accept bitcoin just because it's an unstable currency with highest volatility. 

[Zaino34 0]

This is really bad news for the future of Bitcoin, and the reason for this is that the governments in these countries fear for their economy and their local currency, so they cannot accept coding and officially recognize it.