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Is this why, most countries still hesitate on adopting Crypto

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While I don't understand the reasons behind some countries not regulating cryptocurrencies as a legal payment method, it is even worse with those countries that completely banned crypto. Some countries that did that are China and neighbours of China. I was expecting better from all these countries and perhaps it is time to remove the ban and start looking into the future.

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Most countries have problems with the nature of cryptocurrencies that make it hard to trace the transcations. Bitcoin has the public ledger that agents can track transactions although there are mixers that make it harder and sometimes the transcations are not linked. Most agencies are having trouble this way to find criminals on the internet.

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On 2/28/2020 at 10:34 AM, Upright said:

I was reading about deep web  from a site, and so from there, a theory just came up about concerning Cryptocurrencies. As for a rough explanation of deep web. This part of the web, will always and commonly deal with privacy, and not sharing your identity. So from what I came as from that article that the deep web, also deals with illegal activities there and most of the medium of exchange is using currency which can be private, and so the use of privacy coins now comes in, regarding that they won't want to attract surveillance on them, so they use privacy Crypto coins on doing transacts. And from that Crypto us being used in the wrong wat. So just from my thought, this might be one of the reasons which Cryptocurrencies is not accepted world wide

It is totally one of the most notable reasons and we can think that this is what happens so it is difficult for them to be accepted but hopefully we are wrong and one day they will be totally legal to make money with cryptocurrencies.

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3 hours ago, Shebii said:

I think due to decentralisation of crypto currency  most of countries have a problem with crypto currency.  But due to its fame  it is  near in future when all countries will unbanned crypto. And there is also a problem that value of bitcoin is not volatile and it can rise or fall any time. Thats why some countries don't need crypto currency.

I think things are deeper that a the decntralization concept (which is a big problem for authorities) because if you look to some cryptocurrencies, they are not fully decntralized (like xrp), I think government do not want to adopt crypto because they can not tax users funds since they do not have access to their wallets.

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It is sad to stop such a process beneficial to everyone because of such a mistake that we must bypass it or take any action towards it because this currency provided a lot of ease, credibility and safety for everyone and helped many people overcome their difficult economic situation

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That is one of the reasons why they do not accept btc or cryptocurrencies to generate in all countries, but we must also bear in mind that this is not the only reason one of them is also the fact that they are mostly de-centralized and they do not have the power of them as if they have it with the fiat money that the national banks manage the economy of their country, specifically.

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On 2/28/2020 at 10:34 AM, Upright said:

I was reading about deep web  from a site, and so from there, a theory just came up about concerning Cryptocurrencies. As for a rough explanation of deep web. This part of the web, will always and commonly deal with privacy, and not sharing your identity. So from what I came as from that article that the deep web, also deals with illegal activities there and most of the medium of exchange is using currency which can be private, and so the use of privacy coins now comes in, regarding that they won't want to attract surveillance on them, so they use privacy Crypto coins on doing transacts. And from that Crypto us being used in the wrong wat. So just from my thought, this might be one of the reasons which Cryptocurrencies is not accepted world wide

I think it is a delicate factor about cryptocurrencies, but I think that this is normal since these things also happen with electronic transactions of electronic banks so there is nothing that happens with BTC, I think that in the same way BTC is the solution to the economy.

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There are lots of reasons why cryptocurrencies is not accepted by many countries. Cryptocurrencies transaction cannot be traced, government has no control over it, and its can't be taxed by government, its can also be used in illegal activities. 

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The people which have lack of knowledge can not judge the value of crypto currency because they believe on physical currency,that is the reason they hesitate to join crypto industry,we should try to create awareness among the people then they will be satishfy to join this forum. 

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As for a rough explanation of deep web. This part of the web, will always and commonly deal with privacy, and not sharing your identity. Most governments still have problems how to define cryptocurrency or to charge tax for it. We all know that crypto has its own private and also don't have any control of any organisation. The major concern is that with crypto providing a level of anonymity, they are unable to track and regulate the currency. 

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1 hour ago, mhmd7 said:

The reasons why countries do not accept to deal in cryptocurrencies is that they will not be able to control them and earn from them, as they are decentralized and do not know what each person has of the balance

@mhmd7 Cryptocurrency doesn’t follow any rules and regulations and government cannot impose tax on it. That's why many country ban crypto currency. Its price is changeable.  It is also a reason for ban. 

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That theory could be true, since we realize that cryptocurrency transactions are very private and there is no participation of third parties and much less the privacy of people in compromised, it may be possible that some governments do not accept it because they do not they can control that almost indecipherable flow of information.

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Frankly and in fact I think the only reason they are not universally accepted is that there are currencies that allow them to be used in a non-tender manner, and they benefit from the yellow color transmissions. It's very simple. It is sad that such a project is influenced by some people

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Well. Your answer is yes. Though it is not physical currency. People can't see it or touch it. So believing on it, its quite difficult. But if you learn about it then it will become your love one.

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All the country of world is not developed. So for a developing country it can't be accept so easily. Many people doesn’t know about it. Its quite difficult for them because it is not a physical currency. So may every country doesn’t accept it.

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The cryptocurrency is at the stage of development and when in the future the cryptocurrency will be widely used it is possible that many countries will officially accept 

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Actually it is one of the reason and you really hit the nail on the wall. Another reason is the non controlling of these money called cryptos, Most government called crypto a scam because they can't have access to control individual wallet or key so they are not happy about it and this is one of the reason cryptocurrency was built by Satoshi Nakamoto.

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Yeah you mentioned all possibilities of bitcoin not accepted by all countries. Bitcoin transection is too secure and there are no third party checking system that's why government do not like it. Moreover bitcoin price is not stable. It is another reason also.

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That's why cryptocurrency is being discretely trade, the reason why wallet are generated with random numbers and characters so it'll be very hard to detect by tracing


 

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There are some reasons that make some countries around the world not to adopt using cryptocurrency, because is use of illegal activities and they can't take control of the currency because is decentralized currency and it can make the local currency lose it meaning. 

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This is good information and I will also add that the reason many countries cannot accept encryption is so as not to affect their local currencies or because they think encryption may affects their economy.

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@davy22 @teebasas it does work and so many countries must be very catious in what they are trying to do so to me the most important thing is to look for a way out and be sure to grow that effective power that is going to be able to grow with , so to me they are always trying to avoid making mistakes that are rough and we need all to find the idea that might not collapse the system 

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Dear, your words are good and I agree with you, but there are other reasons why countries and societies reject cryptocurrencies and encryption, namely that some of the fraudsters and scammers launder their money through cryptocurrencies and digital currencies, so they face a lot of obstacles preventing their progress. 

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There is a lot of strain for this we need to find a solution to  which we are able to build , there is a lot of work to which we are able to find a good effort to it , we need to grow and be good for it, the countries  that are avoinding making mistakes that are huge there is a lot  of effort to which this is what the right ideas that we are able to build and is to work its really important @Mike1515 its really important to grow that power in it 

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My friend, from my personal point of view, the reason is that cryptocurrencies in general are decentralized currencies, so there are no countries that have control over them, as they are owned by private companies and public persons that are not of specific countries. The solution to the problem is that all of them create their own cryptocurrencies and then the errors turn into centralized a little differently.  thank you

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