Bitcoin Forum

China-based cryptocurrency exchange BTCC suspended all domestic trading in yuan last weekend. The decision came on the heels of a September 5 statement from regulatory authorities in China, which required all domestic cryptocurrency exchanges publish closing announcements, stop registering new users, and establish a schedule to cease yuan-denominated trading by September 15. Huobi and OKCoin — two other exchanges based in China — have announced similar plans to stop trading. To be clear: China has not banned the use of cryptocurrencies. It has banned cryptocurrency exchanges and initial coin offerings (ICOs). Even still, it has prompted some to consider whether a government might ban cryptocurrencies like bitcoin — and, perhaps more importantly, whether such a ban would be effective :) :) :)

They ban it because they can't control it. Governments are in the Control business.

China has not banned cryptocurrency. They just banned ICO and exchanges. Peer to Peer trading is still available and actually quite popular in China. I don't think there is an effective way for government to ban bitcoin anyway.

Right, government can’t ban bitcoin easily because they need this technology. Government may regulate bitcoin but for them get some taxes, government will find ways just to control bitcoin that can never happen.

I mean, Governments may be interested in crypto and bitcoin, but a major issue comes with how it's being used. For all they know, it can be used for illegal purposes and that may scare the governments because it leads to a dangerous country. However, another reason that bitcoin makes governments nervous is that it can be used to dodge fees and taxes that go straight to them to fund their own projects and whatnot. It makes sense that they're nervous about it, but I believe that there are better solutions that they can come up with.

I personally do expect some upcoming discussion in Europe soon because of the energy consumption due to mining. Specially from the axis Germany - France we could get some resistance / pressure. And honestly, although I‘m a cc fan, I can understand the discussion. But I hope it will end in the promotion of energy saving mining approachs (for example via sun energy) instead of any general ban / restrictions.

I am uncertain where all this will go.  In a very general sense BTC could approach becoming a global currency.  Not absolute for now, but when general acceptance spreads more it will have the effect of appearing worldwide in dominance.  Clearly, countries with crumbling fiat are seeing that BTC is propping up investors in huge numbers.  There are countries where the fiat you hold is becoming mostly worthless as the days go by.  The countries controlling those terrible fiat bills absolutely don't want to see BTC take over in their countries.  And yet, if I had access I bet the Gov officials from those very places are buying BTC to cover their A**.

First, any link in this news so we can validate?

On topic, it is just natural for a government to ban or at least limit cryptocurrency in their country. Governments are all control and protecting their interest. If cryptocurrency, particularly bitcoin, is weakening yuan in china, their government is just acting on it that is why they want to close exchanges.

But bitcoin cannot be stopped by that. Users can just swich to decentralized trading platforms and evade those bans. Bitcoin is decentralized and cannot be easily stopped.

they can't totally ban bitcoin but they can do some things to prevent people from using it publicly for example , simply because they aren't profiting from it
so they ask exchanges to stop accepting traders from that area and maybe prevent local stores from accepting bitcoin , but in general no government can totally ban crypto

it's just like gambling where you can find some countries are totally ok with gambling while others are totally strict

I think one reason why bitcoin is being ban by some government in some countries is because, it can be used in some illegal activities like buying illegal guns, drugs, hiring a hitman and many more. Because of that capability of bitcoin, the crime rate of a certain country may increase thats why some government are against it.

Government bans bitcoin because it is a big threat for their financial security. government controls the money flow in their country (interest rate etc..). bitcoin is different, no one controls bitcoin no government or group of people. it is purely decentralized. 

Like most other people have said in this thread, I think they ban it because they're afraid of it. They're afraid of this technology overtaking their own national currency. And what do you do when the government itself runs out of money? It's scary to think about. They wouldn't have control over anything much less anyone. You'll see soon governments try to regulate these crypto coins and we'll see how far they can get with that.

I think to ban the bitcoin trade it is necessary to think very hard decisions, bitcoin currency is not controlled by the rules of a country, and bitcoin is very useful for the crowd, should not bitcoin forbidden, but to be developed with the advancement of advanced technology to simplify public welfare.

No. If they really then they should have banned it along with banning crypto-exchange and ICOs. What does this imply? It simply means that they recognize the opportunities that the crypto industry is giving. If they ban it, automatically the mining farms there would shut down hence the money pouring in to their country would reduce and it would be a waste. Stict KYC is the key.

Because goverment felt like if bitcoin keep arising they it may attack their integrity.

No, China has not banned Bitcoin, they just ban the ICO. They make a decision to ban ICO because so many ICO became a scam and steal money from the investors. I think it's a good policy for their country and i agree with China government, they must save the people before something bad happened to those people.

Everything is having an issue as to how they are used. It is not just Bitcoin or any other cryptocurrency for that matter. As we look at the current situation, fiat money is widely used for so many illegal activities. Fiat is the one fueling drugs, terrorism, guns, alcohol, and so on and so forth. All these happened even before Bitcoin was invented. And even before fiat was invented, silver and gold were also used to support illegal activities. It is not on what really. Everything is on how.

A Bitcoin banned state must be for a good cause. For example, a country forbids Bitcoin one of them to avoid the many free investments in the high-risk Crypto world. And again the government is also not responsible for the loss of crypto currency assets.

They have a different kind of how the government works and it seems like they didnt like people having free will to control their money or have privacy. Transparency is what they want so that they can tax everything you own or have a share of it.
That could be one of the main reason.

China wants to make its own virtual money
It is not impossible that China wants to create its own cryptocurrency that can be government legality. During this time many things are banned in China, in the end they make their own.

the government does not want to increase the level of crime because often bitcoin is associated with negative things such as illegal transactions and money laundering. Therefore why the government forbids the use of bitcoin. But actually bitcoin is not monitored directly by the government because bitcoin is not owned by any country so the government does not control bitcoin. It's just a bank that may issue rules about bitcoin in a country.

Reason why other countries are so skeptic when it comes to bitcoin is because of the fact that they can't control it. If Bitcoin will be fully implemented in the future then governments will not have control on the currency that is being used in their countries and they hate that.

The reason is simple, they can monitor you but can't interfere with your business and Bitcoin makes it difficult for them even to track your activities. However, understand that governments can not ban bitcoin in any way due to an advanced technology model based on the blockchain. They can only prevent us from doing any Bitcoin-based business and convert Bitcoins into fiat currencies and vice versa. However, in the case of a Bitcoin-friendly market environment (which is on the way and taking its shape), there is no need to convert Bitcoin in any other currency to spend it.

Yes, maybe that is the best reason. In my country, bitcoin is not prohibited but also not officially accepted. Government regulate the use of money, people in my country only can use IDR as medium of exchange. I don't know why this regulation is created but there must be a good reason for this.

china again? lol
I think this will no longer be a topic that will make many people will be restless. or would be a big rumor, I think maybe that will feel harmed is a community that is in the country of China. not us outside of china.
anything that china will do on crypto and bitcoin, will never be able to stop it

China will not ban crypt o currency as it is only a currency which is giving competence to US dollar. Indirectly, Chinese will support it but they will accept it openly as US is their big trade partner. so, no need to worry about bit coin. It will go up and up.

bitcoin could more easily be a crime, bitcoin has a system that can provoke crime, because the transaction is anonymous, can make a person commit money laundry and bitcoin users do not pay taxes to the state, and even then one of the reasons

On my own point of view some government ban bitcoin its because it has no tax and also they say that bitcoin is because use by druglords ans terrorist in their illegal transactions and they cant track it.

Because they dont hold to much the bitcoin no one can hold it by itself even government and government dont get any tax from bitcoin itself thats why china ban bitcoin because many of users if bitcoin in china are not paying big rax even they get bigger money from people that are use bitcoin thats why china dont manipulate bitcoin they ban it but users on china  can not be prevented.

Well said, Basically Government are the institution which is mainly responsible to take care of its people, they are regulating everything they want. One thing we know that the economy is the main key to bring develop. that's why the government wants to regulate all sorts of economic institution properly.
Similarly, Bitcoin is included in this list, so that a couple of government are trying to regulate or ban Bitcoin is those territories.
But I believe that in the future, All government will use and hold Bitcoin. Because day by day it's platform is creating.

Here they come again, the last timr china did this act to bitcoin has great impact in the price but now I doubt this news would affect the price since investors now are wiser.

I am unverifiable where this will go. In an extremely broad sense BTC could approach turning into a worldwide money. Not outright for the time being, but rather when general acknowledgment spreads more it will have the impact of seeming worldwide in strength. Obviously, nations with disintegrating fiat are seeing that BTC is propping up financial specialists in tremendous numbers. There are nations where the fiat you hold is winding up generally useless as the days pass by. The nations controlling those shocking fiat charges completely would prefer not to see BTC assume control in their nations. But then, on the off chance that I approached I wager the Gov authorities from those extremely puts are purchasing BTC to cover their

The government ban bitcoin because no one can control bitcoin. Aside from that banks will be closed and digital money will be used. Government cannot earn money from bitcoin through taxes.

The main reason is the lack of control. At the moment, governments of all countries are not able to track transactions made with the help of crypto currency. Hence, there are other reasons. Mining requires a lot of energy, at the same time, there is no legislative base that regulates energy consumption, taxation. And, of course, this is an excellent opportunity for terrorists and scammers to commit their dirty deeds, which is unacceptable.

Some countries ban cryptocurency due to its susceptibility to be used for illegal activities.

To a large extent because of money laundering with bitcoin, the government can not detect it or perceive that there is no solution to prohibit it. The core of the blockchain is decentralization, so it is easy to understand what the Chinese government is doing

Because they do not get the transaction details done in the bitcoin

I think why do some government ban the bitcoin in their country, because their knowledge about bitcoin is not correct. Like the bitcoin is unfair for some people who is working hard to earned money, but here in bitcoin by posting you can earned more money than the other people can earned. I want to be a billionaire someday because I want a prosperous life than others.

There is one major reason that's why many governments are ban the bitcoin in their country like the economy will be shifted to the digital currencies and the people will have no physical money to be sure of their wealth. The other reason is the taxes if the money is digital then there will be no check and balance of the transactions of the people. So the governments is not allowing digital money in their countries.

I think bitcoin was being banned in some country because they did not know the exact useful and the things that made them when they knew about bitcoin. And maybe because bitcoin will affect their economics so they have no choice unless to banned bitcoin.

Government ban bitcoin because they see it as illegal money and because of its anonymity it's hard to know where it came from. So they think that it can be use to scam people and the least that they can do is release an order that bitcoin is illegal.
And thinking with this it makes me laugh that government is just so narrow minded and just see the the one side of the story.

Actually some people want to use their people for his own work in order to collect tax from them because tax is playing a very good role in revenue of any country but I don’t agree when some countries will be ban bitcoin I believe if they accept bitcoin in their countries so it can also play a very big role in their economy which can improve their economy and also it can reduced unemployment in these countries so they must accept bitcoin.

Bitcoin unfortunately has been linked with the silk road and it's where it got it's reputation from. Therefore governments ban it due to the things that it was linked with. Also they can't regulate it easy and can only tax it when converting bitcoin into fiat currencies. They don''t profit from you holding bitcoin at all. 

Again with this? Because they want to control you - and they can't do that with people going around free without paying them protection (taxes).

Some of govt. dont know what is bitcoin , they think may be its like MLM

Also they cant protect to use bitcoin .. user dont need GOVT permission to use bitcoin or other currency ...

A ban might be because of the governments inability to control crypto currencies. They feel it could take over their economy and would eventually make them slaves to Bitcoin.

Bitcoin transactions are only done by both parties who collect Bitcoin, there is no other party to arrange it. The government has difficulty controlling the development of bitcoin, no income tax from bitcoin transactions. different from other currencies. So the government banned bitcoin in his country. The related government should quickly find a solution, because bitcoin will continue to grow and many people benefit from bitcoin.

Hi there abd000! I think the problem in some country is that bitcoin can’t be controlled by their government and if there are something that can’t be controlled it could definitely be rouge and create damage to the economy. In terms of bitcoin in China, I think that is also the reason behind, and to protect it’s citizen. However, China always want to create their own, thus, bitcoin is included on those lists. But rumors said that China is preparing a good regulation about cryptocurrencies, and will then open it’s door again to crypto.  ;)

They hates bitcoins because its hard to trace transaction. Many if not all criminals use bitcoin to sell drugs because they know people can't reach them. That's the reason why some government banned the use of bitcoin on their country. Another possibility is its volatile nature .People like to invest if its stable and there 0% tax applied. Government know if their people start using bitcoin they won't pay tax.

There are several circumstances in which regulation or banning could come into play, each of which has certain drawbacks from the standpoint both of consumers of Bitcoin and regulators. There are certain ventures within the Bitcoin community which involve cooperation with mainstream banking entities, something that effectively "regularizes" the currency. This, which allows both easy entry and high volume transactions, also is the easiest to regulate, since banks are forced to be compliant with a great number of regulations. In this sense, the more normalized and regularized certain aspects of the Bitcoin economy become, the more vulnerable it is to regulation.
-------------------------------------------------------------
The other tactic is to target Bitcoin partners, all of which by necessity have some sort of address (both literal and virtual). For example, large Bitcoin users like Silk Road could be aggressively targeted by law enforcement via raids and and confiscation of servers, etc. A second tier could be Bitcoin exchanges, suspected on account of being vehicles for money laundering (these charges are what led to the demise of previous digital currency companies DigiCash and E-Gold). 
-------------------------------------------------------------
Actually banning Bitcoin is also a possibility. As noted by some Bitcoin experts, it is also possible that a nation-state could dedicate enough computing power to "break" Bitcoin. It could presumably ban Bitcoin as well, but again many things currently traded within the Bitcoin community (i.e. drugs) are also banned -- the more tricky thing is to determine what governments can actually enforce.

A governmental body in any jurisdiction would be fairly limited in their options to eliminate bitcoin. They may be able to regulate and hinder the two-way convertibility with political currencies but that is more of a conversion issue rather than an attack against bitcoin transactions directly. Practical elimination of bitcoin would therefore require shutting down the telecommunications infrastructure that facilitates the peer-to-peer technology of the distributed block chain. Perversely, this action would hinder the rest of the e-commerce activity that occurs online. :-\

Banning Bitcoin would be similar to banning Tor or P2P. They can't ban it. Governments would have to track each connection and have spying software everywhere.
If someone would make Bitcoin illegal, probably all other virtual currencies would have to be treated same. That means any shops vouchers, points or video games currencies would have to be illegal. Each of those is virtual and potentially worthless (not represented by material goods).
If they don't ban all virtual currencies, there'd be quickly next currency similar to Bitcoin - 1 line of code added, name changed (i.e. Bitmoney). Hey, it's completely new currency! That doesn't matter that it has same rules as Bitcoin.

Bitcoin isn't evil as P2P isn't either. That are tools. People decide how to use them.

Why not effective? Its effective to make the price downfall.
You can see the price down when china ban ico although not so deep.
Imagine if more and more country ban bitcoin and what will happen?

I would say that governments only ban Bitcoin out of sheer stupidity and let me elaborate on this stupid behavior in more detail.
1. Governments are in fear mode and in no way do they want to lose a grip on controlling their subjects.
2. Governments do not like change because most of the times they are corrupt. Bitcoin technology would render corrupt governments useless.
3. Banks work with Governments and they want to keep all the profits form trading and monetary issues for themselves and they don't like to share.
4. They think that most of us are stupid so if they see us all waking up, they know their time is over and they don't like that at all.

There are many other reasons why governments ban Bitcoin I would need to write a book to elaborate.  :)

Governments cannot control bitcoins that is why they see it as a threat to the economy. Bitcoin market is a free zone to invest and earn money, and they have no access to control it. They might think that it could be used as a tool against their govenment that is why they are trying to eliminate it in their countries.

Government ban bitcoin because they are threaten. Since bitcoin is a decentralize peer to peer network. The system doesn't require a third party in which the result would be losing its power to contol. With the presence of bitcoin, banking system will be irrelevant. It may dissolve the banking system. Lastly, tax on bitcoin (in my country) is not yet imposed by the government. If that's the case, the government benefit from bitcoin investments.

Countries with underdeveloped economies have banned Bitcoin from operating in the country, and in my state, they also banned Bitcoin because they did not want people to participate in it. Many countries like India do not wish Bitcoin to affect the economy of the country, and they want to ban the Bitcoin

I think why some governments forbid? Perhaps because krypto money goes up and down with prices so some governments are afraid that if the government uses krypto money they worry if the state money can run out because they can not print paper money again after using krypto money.

This is because they are forming a new coin like similarly cryptocurrency in which they are the main host in that project with that they are totally cut all kinds of cryptocurrency exchange and social media were most of the coin are being promoted. In that strategy we can say that it is exclusively for there country  as well.

You are right they  have found out new idea and that is producing their own coin just like China does, but since bitcoin has proven its stability I don't think that bitcoin will lose its power of being the number one cyrptocurency around the world. Just continue patronizing bitcoin and eventually bitcoin will grow more and those countries that banned bitcoin will eventually making it legal.

they ban it because they wanted to issue a regulation to a certain bitcoin user

I think some government ban it because bitcoin don't have tax. They are also afraid that someday bitcoin will change our money and there's a possibility that bitcoin can make our bank disappear. Others say that our government can't control bitcoin so that they banned it in our country.

As far as we all know our government controls every establishments, companys and all about business matter involving in labor system. They earn income from it in their tax contribution. Not like bitcoin a so called crypto currency, even single piece they can't gain any form of taxation. That is why they are calling it scam and pursue to ban for they were not able to control upon this matter.

I think the government forbids bitcoin because they do not get income tax from bitcoin, while bitcoin users get very much money from bitcoin. even though the government forbids bitcoin but nobody minds and they continue their work.

Fear of exclusion from financial industry but its an idea whose time is now

Governments probably cannot shut it down through "technical" means, i.e. hacking the system, thus crashing the value or preventing it from working.

Being decentralized digital currency is the main reason of why Government ban bitcoin. Government is The body with the power to make and/or enforce laws to control a country, land area, people or organization. However the Government wanted to regulate bitcoin, is impossible, they can't controll it, but the only thing they can do is banning the organization, group of people in a certain country. And issuing a regulation in using Bitcoin.

Here is an article about why banks specifically hate Bitcoin: https://www.mirror.co.uk/tech/why-banks-hate-bitcoin-cryptocurrency-11433562

Using that information, I think you can figure out why the governments hate it  :D

Bitcoin - and other decentralised cryptocurrencies - allow people to trade directly with each other, cutting out the need for a middleman which, in traditional commerce, is a bank.

And unsurprisingly, banks aren't happy about being made obsolete and - with help from governments - are trying to clamp down on cryptocurrencies after initially dismissing them out of hand.

Governments hate everything they can not control, can not tax and can not get rich. Governments are greedy and centralizing

Government can't control bitcoin and other cryptos. Bitcoin and cryptos can directly trade without the government in between. Imagine buying something without the government knowing it, so it means no tax and government hates it when they have no tax money. That is one of the reason why the government are against bitcoin and crypto cause they can't control it.

it is the policy of each country, maybe because the system and the law in that country can not yet be relevant to receive and run digital money like bitcoin .. we hope hopefully more and more countries can accept bitcoin, so bitcoin will be more developed

Id Say they didn't ban it out of their own selfish reasons but they only want to regulate it so that it will not cause such harm to the markets and banks. They wish to get some tax from it, some extra cash and additional income for them to attain some money on their pockets. They will not shut down Cryptocurrency in their country because of the internet they need, So they just Ban some of its features but not all of them.

I think it's a fear of the government that forbids bitcoin because it does not want to lose central banks and its effect in the economic turnaround inside the country. fear of losing state assets, but it could also be because not ready all the insrument to welcome and use it legally. or government will lose control if bitcoin is received in the country.

Governments want to ban crypto because they can’t control it.  The whole idea of being decentralized goes against governments.  Also, governments want to make sure they can tax cryptos to make their cut.  

In my country the government forbids because there was ever money laundering. And the existence of illegal goods transactions. Probably because the government forbids bitcoin. But now the government in my country does not prohibit or support. And the risk carried itself. The government can not help.

the most common reason why the government ban bitcoin because bitcoin is decentralized, so it can not be controlled or charged taxed from government. That is the reason why criminals can use bitcoin for illegal activities, and governments ban  bitcoin as the the reason to protect people from bad effects from bitcoin.

Some of country brand bitcoin because government don't know about bitcoin very well nowadays. Bangladesh government has stopped without knowledge about bitcoin value.Because they can’t control it. 

Forbid, I think because the capitals of their sponsors, and even the officials themselves, and a couple of these business owners themselves are now experiencing an outflow of capital, which affects the fall and lack of money in their businesses, if we want to develop, we must let go of the old and move in step with time! I think so))

The ban appeared due to the fact that the crypto currency may be more stable than the national money. In Ecuador, the situation looks like this - there the crypto currency was banned because of the creation of its own network, which does not need competition.

Quite a number of countries ban the bitcoin and the cryptocurrency market because they largely don't understand the principles under-girding it hence more of speculative or outright down putting of the market, the method and the digital currency is done by the naysayers. Another reason can stem from the greed and the avaricious nature of the officials who are supposed to correctly guide the decision makers fall into these nefarious tendency of taking bribes in order to speak contrary to the nature of bitcoin, thereby setting their people and economy on a journey to extinction and poverty.

Cause they are afraid to lose taxes.

I think many country banning cryptocurrency because they dont undestand about blockchain or maybe just shock on how fast crypto market growing and dont know how to anticipated. Beside that many scam ICO and goverment want to protect their citizen investment

China regulated bitcoin to introduce their own crypto. Not only China and other countries that banned crypto are also to introduce their own crypto.

Bitcoin is uncontrollable, it can not be taxed, it is peer-to-peer no governing party in between, it is untraceable and the list goes on. Governments must have control over the things that happen in their territory, whereas Bitcoin is not allowing them to have this privilege, thus they are banning it.

Because some people they use the bitcoin in the bad way that's why government aware the person to do that.

Country that bans bitcoin and other crypto currencies are those who wanted to regulate the use of crypto currency in their country with that regulation they could mandate taxable earnings from bitcoin and also they wanted to manage the circulation of bitcoinin their country.

Bcos government afraid btc can be changed reg money also no tax of btc.

That's all because of control. Many governments are agraid and against something they can't control. Same thing here, cryptocurrencies are practically impossible to control.

Some government are scared because they think of the fact that they might be overrun by the power of Cryptocurrency and may lead into further conflict inside the country. China is a very business minded country in which you can see every Chinese owns at least one business that they run and gain profit from this industry. Bitcoin may become a asset for some Chinese people if they know how to utilize the use and use it carefully and not abusively. Maybe this is why some country bans Bitcoin or other Cryptocurrency but if they set rules and regulations about this matter, then maybe everybody can profit from the Cryptocurrency Industry.

I agree in you on this.  Bitcoin is being banned because the government is afraid.  They cannot control bitcoin as to its price considering that bitcoin really give a good profit.  Ofcourse government will want to have some of your profit.  I am thankful that my government does not ban bitcoin.

their common reason is because they cant control its price...in my country,my goverment also afraid of cyrptocurrency being used for illegal activity like terorist funding or money laundering...but in their recent news they re gonna adapting blockchain to their banking system and ironically they also will make their own cryptocurrency

They are so afraid of the risk that bitcoin have because the market of bitcoin is so volatile so it is an obvious thing since the bitcoin is not controllable because of the decentralization system so the government can't do anything to lessen the risk because they are just going to ban it for the mean time because they don't want their people to lose their money in such a high risk investment.

Or they genuinely have no idea how to tackle the issue it as it is a new technology so they decided to ban it altogether until they find a way to properly regulate it. Take china for example, they wanted to trim down scam icos but they have a "positive" stand against cryptos in general.

Yeah or maybe they cant get tax from bitcoin, we know that we earn a huge amount here and we dont even paid a tax like the other workers. Maybe its affect the economy in term of money that came from us.

Bcos government afraid btc can change reg money
So they ban btc

Because they don't have control over it or they know throwing such news would instantly decrease the price of crypto so they can join easier/cheaper and have more control over market.

in some countries bitcoi has been banned complete.because they think that smuggling through bitcoin can be done easily by purchasing drugs. bitcoin can be done easily.and due to the translation the government is losing revenue. so it has banned it.

 In reality, it is very hard to ban bitcoin, because it is decentralized and anonymous, so it will be extremely hard for the governments to track those who have bitcoin. However, banning bitcoin will be bad news, especially if it gets banned in big markets (such as China). The recent media noisy about banning bitcoin in China (which was not real) caused a huge crash in the market.

Governments in some countries ban bitcoin or any other cryptocurrency because they are only protecting their own national currency and they are also concerned for activities like money laundering and any other illegal transactions.

Government ban bitcoin in other countries, because they could not control people to invest in btc that they earn already a big amount of money, so they could not get tax from those people. They want to protect their own currency and their banks as well. The government think of this that they should ban bitcoin. They think that they could not control anymore their people, so they make implements to ban bitcoin in their country.

The government of some countries in the world banned Bitcoin. Because they can not control Bitcoin or can not. Again, the government of some countries consider Bitcoin trading illegal. For example, the government of China has not banned cryptocurrency, they have banned ICO exchange.

Because it has no formal basis and regulatory authority, bitcoin is prone to be misused for illegal transactions, money laundering, bitcoin circulation as well as being illegal as it is unreachable to the Central Bank. This could potentially lead to markup or bubble. Therefore, the transaction of speculative virtual currency values. not only harm the community later, such transactions can also disrupt the stability of the state financial system.

Its legality is being argued all over the world because some of the country see's it not as a legal tender or they are more likely want to have a secured money that they are able to control in their nation.

No country can effectively prohibit the bitcoin bitcoin, and the point-to-point transmission will be realized across borders. This will be unable to be effectively supervised. China has only taken comprehensive measures to control the illegal collection of ico and money laundering, and everything is in the effective control of China. In development, this is an effective blow to illegal activities. I think this is the right decision, even if it hinders the development of the blockchain in a certain way,

If this news is true, this is a  way of China to get control of the crypto currencies. They know that it is difficult to completely ban it so they are trying to scheme a way and start with exchanges and ICO's. But I believe that they cannot stop its people from wanting to join and invest in crytos knowing that they will get benefit from it. Same thing with the government of China and most of the governments, they want to be in control as they say to protect its investors and at the same time because they believe there is a big revenue that can be collected from cryptos.

Some government ban bitcoin because every government has its own governing rules and regulations and when they see bitcoin as a threat to their economic status and development, then we can't stop them from banning bitcoin and the rest of the cryptos. It is what it is and we just have to respect their decision on that.

The goverment ban bitcoin because they don't have any profits and bitcoin don't have any tax that's why goverment ban bitcoin in other countries and i think bitcoin popularity my not control the increasing number of bitcoin user's.

Being decentralized digital currency is the main reason of why Government ban bitcoin. Government is The body with the power to make and/or enforce laws to control a country, land area, people or organization. However the Government wanted to regulate bitcoin, is impossible, they can't controll it, but the only thing they can do is banning the organization, group of people in a certain country. And issuing a regulation in using Bitcoin.

Bitcoin will always be the main cryptocurrency in any case. Just a lot of countries, where world banks and ordinary money are concentrated, do not want to let it into their territory – then there will be no sense in their wealth.

governments are greedy and want to control the huge crypto-market that they saw so they forbid that bitcoins do not defeat their national currencies...

i think government has the power to control the big or huge crypto market in their country thats why they banning some cryptocurrency. and maybe they also see something bad in crypto like illegal transaction because illegal transaction is possible.

In the age of paper money, the cost of printing money was negligible, and the government had a monopoly on printing money, so it was able to get all the seigniorage.

The government can buy any assets, goods and services by printing them without cost, so they are a very important income for their government. It would be unthinkable for the government to give up the revenue, and the virtual currency such as bitcoin.

In fact, no government has any reason to let that happen.

I think it is related to the security reasons.
The government see bitcoin and other cryptocurrencies can use anonymously,
so they cannot track the users that use cryptocurrency.

First of all, I think they ban it because they are afraid of it. Secondly, security reason - it can be used in some illegal actions or activities. And of course they don't have any profits from it as bitcoin do not have any tax.

For me the main reason is that the government is afraid of Bitcoin, they can't control it and track it. It is difficult to implement tax on bitcoin, so they don'y have any profit and for government it's completely unappropriate

Because from bitcoins they cannot demand taxes.Bitcoins have security threats.Bitcoins may destroy banking system.

I definitely agree with you, aside from they can't control it, they also can't get taxes with it because bitcoin is not connected with the government.

i do think those were the reasons why some of the countries banned bitcoin while some are still planning to implement such laws. Whether it will be legalized or not, they must first examine and study how and what will be the effects during and after legalization of bitcoin to a certain country.

It has banned cryptocurrency exchanges and initial coin offerings (ICOs). Even still, it has prompted some to consider whether a government might ban cryptocurrencies like bitcoin.
Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are ... Indeed, paying taxes inoculates them to some degree from social disorder and political revolt.

Government can't effectively ban bitcoin or any cryptocurrencies because it is difficult to enforce and exchanges would go underground instead. Governments use to control currencies and uses their central banks to issue and destroy money and they have their own monetary policy to exert economic influence. Because it is centralized, they controls all functions and uses of fiat including tax collection and monitoring illegal use of currency like money laundering. Cryptocurrencies are opposite of government because they are decentralized which means no one controls them and banks are no longer needed for this kind currency. Government don't like the idea of decentralized currency and some considers that cryptocurrencies are not a currency with legal tender status in any jurisdiction.

Perhaps one factor that affects a country forbidding bitcoin is that a country does not impose a tax on bitcoin, so there is no additional income to the country. Hopefully the future in all countries can legalize bitcoin.

Governments ban Bitcoin because they are concerned about taxation and their lack of control over the currency.

I don't think the banning of the cryptocurrencies would be more effective and the best option i think we should be applying is that we better make some ways to manage those crypto coins because crypto coins cannot be banned suddenly and also banning cannot give you ways to stop the bitcoin trading in your country. For complete ban, you need to stop the internet around your country which is not possible and so you better make some way to manage them with tighter security.

Government - is the power and control. Everything new is always perceived by people as a threat. Bitcoins are difficult to control, more precisely, almost impossible. It is very difficult to track payments. According to the Central Bank, the anonymity of the bitcoin system makes it a convenient tool for money laundering and terrorist financing. It's easier to forbid something and block it than to adapt to the new one.

many influences from chinese countries but many countries support bitcoin investments :
Japan
Japan in April 2017 began receiving Bitcoin as the legal currency. Then the electronic retail giant, Bic Camera accepts payments using Bitcoin one week after the cryptocurrency is passed.

Quoting CNBC, Bitcoin's trading using the Japanese yen is the second most liquid after the United States dollar (US). It was mentioned by a trading platform of Gatecoin cryptocurrency.

"The act of legalizing the Virtual Currency in Japan has the potential to have a big impact, because there have been many rumors about Bitcoin's endorsement," Gatecoin Founder and CEO Aurélien Menant said as quoted by CNBC, Friday (8/9/2017).

United States of America
The US is the number of countries that use the highest cryptocurrency in the world. Citing bitcoin.com is reflected in the high trading volume of Bitcoin.

The high volume of trading occurs due to the support of Silicon Valley which is home to thousands of start-up [Suspicious link removed]panies. The US also has the largest number of Bitcoin ATM machines in the world. The country has always been a leader in digital money.

Denmark
Not only become the most technologically advanced country. Denmark is also the most vigorous country in encouraging the elimination of cash and using digital currency.

Although friendly against the use of Bitcoin, the Danish financial authorities belim recognize Bitcoin as the official currency. But Bitcoin remains usable, because Denmark is home to a number of cryptocurrencies.

South Korea
South Korea today can be regarded as the world's largest technology producers call it very famous products such as Samsung and LG.

The country has the highest smartphone penetration and mobile payment rates in the world, not surprisingly South Korea is rapidly embracing Bitcoin as both an investment and payments or money changers.

Citing bitcoin.com, Bitcoin services are considered safe by using Korbit. In South Korea, people can also buy Bitcoin at 7-Eleven outlets all over Korael.

The country has also hosted a regular Bitcoin conference and has created a friendly climate for the Bitcoin user community.

Finland
Like its neighbor Scandinavia, Finland is also one of the leading countries in terms of technology. The country has also exempted taxes for the purchase of Bitcoin.

Finland already has a very large number of ATMs to meet the needs of the country. From the coinATMradar this country is the most Bitcoin exchange place.

In January 2016, Bitcoin was used to buy a Tesla S series car for € 140,000.

Because many countries feel that BTC is what makes investors lose money, they fear that their people will lose their money.

In my own opinion, many country whose government are banning bitcoin or even all cryptocurrencies because they are against it, the government can't earn from people who are earning in bitcoin because bitcoin has no tax.

I think that the infrastructure does not allow them to participate in the development of their currencies and make bitcoin a multifunctional digital currency definitively its own.

 Most governments consider Btc a threat to their economic growth,  the independence of BTC from regulatory institutions means that it cant be taxed, thus denying most government income tax returns

I think the government has decided to ban the use of bitcoin in a country because they fear bitcoin will be used for crime and fluctuating bitcoin prices can cause harm so the government takes action to ban the use and circulation of bitcoin

This could be as a result of the fact that At the moment, governments of all countries are not able to track transactions made with the help of crypto currency. Hence, there are other reasons. Mining requires a lot of energy, at the same time, there is no legislative base that regulates energy consumption, taxation. And, of course, this is an excellent opportunity for terrorists and scammers to commit their dirty deeds, which is unacceptable.

We see news of a number of countries illegalizing the use of bitcoin in their territory, what could be their motives for exercising such bold yet devastating attempt? It is mainly be ause of the lack of knowledge over bitcoin. They aren't that knowledgeable with bitcoin's internal functions and they might've  wven read bitcoin news and articles from news sources that are biased or doesn't really reflect what the graphs say.

Government as it were are a set of body putting the affairs of a country under their control. The major reason why the ain't happy with the Bitcoin is because it can't be controlled; decentralized. Hence the government ban on Bitcoin as they dont have control over it and it is somewhat making the citizens to be at liberty without the government's interference.

Today I have written the Reserve Bank of India has a circular stating that all bodies operating under the purview of the RBI should stop any kind of operations with cryptocurrency players like wallets and exchanges.

Ada kemungkinan kepemerintahan melarang bitcoint,karna pemerintah mengganggap bitcoint itu akan menghancurkan masa depan warganya

Simple, China wants to ban bitcoin because they want to be in control. They want to replace USA and be the dominant country. And since Bitcoin is decentralized, they cant control it. For example, the islands that they are stealing are not even near their country. I mean if you will just use your eyes and check the world map why would China even try to get these islands far away from them. They are hungry for power and that's why they ban Bitcoins, they can't control it.

Because they can use for illegal activities that is anonymity of transactions makes Bitcoin a good ally of criminals and could be used for drug trafficking, prostitution, terrorism, money laundering, tax evasion and other illegal and activities.

Bitcoin is a decentralized currency, which means that the government cannot control it and exert any influence. And they don't want to allow on its territory, something that cannot be controlled.

The basic summary of governments banning bitcoin is to guard against its citizens from being swindled. Also, because the government doesn't have a full control of the Bitcoin/Cryptocurrency system yet. From my view of what my country's government hold is that they are not fully aware of its full potential, hence they are not that decisive of a ban or not.

Usually government ban bitcoin in their country because the users of t used bitcoin in illegal transactions which is hard for them to find out who is liable for it. They cannot control the one who using it because it has anonymity. They do not like bitcoin because it is not controllable and they think that it cannot be taxed to help the government for the development of the economy.  

The main reason due to which government ban bitcoin is it's decentralized nature.As Bitcoin is decentralized in nature so no government or bank is able to control the transactions made through Bitcoin.Due to which the people involved in the transactions remain unidentified.This make the Bitcoin transactions anonymous.Some people uses this feature of anonymous transactions in a wrong way.They know that they will not be identified so they use Bitcoin as a mode of payment for illegal dealings of drugs, ammunitions etc.This forces the government to take decisions against Bitcoin.

Because bitcoin can not be controlled, it can not be taxed, that is, it will only add problems praivtelstvu and they just do not want to bother with it.

If your government do not know about this coin then there is also a fear that they will ban this coin as we faced a few countries which have banned it, the reason is that they do not know about the reality of that coin and they do not know about the future of their country with that coin and those countries who know about the future of that coin do not ban it but they try to support it from their governmental level.

Governments circulates money in a society, in order to stay in power, so they tax the public servants, investors and corporate bodies etc.

Cryptocurrencies undermine most monetary policies of governments. For instance,

1. Governments cannot print money to indirectly tax savings.
2. Governments cannot control the exchange and interest rates

Cryptocurrencies undermine fiscal policies of governments. For instance,

1. Governments cannot readily check your current holdings, revenue of their tax base.
2. Governments cannot freeze or seize the cryptocurrencies.
3. Governments cannot track allegiance og the currencies.

Some countries did banned cryptocurrency and cryptocurrency-affiliated activities in one way or another, But the reason for the illegalization of bitcoin most of the time is because they are thinking thst bitcoin would hurt their economy and their monetary system. They are locked onto thinking that once bitcoi  was implemented as a global currency this means death of the currency and the conomy of these countries.

This news has already been done. China including India already banned any bitcoin business and bitcoin related transactions. They do it because bitcoin is a decentralized currwncy which means noone can control it, even the government. With that mentioned, they fear what they cannot control and if not controlled, all that is left to do is eliminate. However, bitcoin is strong enough to withstand that banning in some countries and managed to stay on the top.

Probably because they could not get total control over it. We all know that governments love to take control of anything that generates profit. And Bitcoin surely is one of those things. And so they come up with strategies to regulate, control, manipulate, or have total control of the crypto system. Something that is quite difficult to accomplish even for governments. And so they would resort to banning Bitcoin or the entire system so that no one would benefit from it.

They do so simply because they want to continue manipulating and controlling their peoples' lives.

Some governments don't necessarily ban Bitcoin per say, but rather choose to regulate it and even make it taxable.
Back in the days when Satoshi created what is to day Bitcoin, I wonder if he thought it would ever get to this point where we need to share our earnings w/ the gov.

perhaps the government is still afraid of bitcoin. if the public is to transact via bitcoin rather than through the Bank. even I always think maybe in Indonesia the central government forbade bitcoin to be made a tool of transactions (buy something goods) to keep the community using the Bank as a means of transaction. and paper currency to keep it running in the environment of Indonesian society .

The answer is simple. It threatens their existence. A government that can't control its people is not a government. Note, money is not the only thing that your government controls. The moment they realize another entity (especially one that is completely independent) is threatening their existence, they will crack down on it.

Some government are scared because they think of the fact that they might be overrun by the power of Cryptocurrency and may lead into further conflict inside the country. China is a very business minded country in which you can see every Chinese owns at least one business that they run and gain profit from this industry. Bitcoin may become a asset for some Chinese people if they know how to utilize the use and use it carefully and not abusively. Maybe this is why some country bans Bitcoin or other Cryptocurrency but if they set rules and regulations about this matter, then maybe everybody can profit from the Cryptocurrency Industry.

That is true, the government wants to be the one controlling their people but with bitcoins we can have a freedom because they are decentralized so no government can be involve which means there are no taxes to be made. That is why some government thinks that the bitcoins i s a threat into them because it can be a start of a rebellion for some of theur perspective because people can now have a freedom in currency so whats next is freedom into everything. But if they just team up wuth this thing it cannot be a threat at all.

Bitcoin is tax-free, No tax, No Vat Digital Currency! That's why some county's governments are planning to stop bitcoin. Because they won't get profits from it  ;D  Besides it, Some county's government think that bitcoin is very harmful to the economy. L

government thinks that the bitcoins i s a threat into them because it can be a start of a rebellion for some of theur perspective because people can now have a freedom in currency so whats next is freedom into everything. However, bitcoin is strong enough to withstand that banning in some countries and managed to stay on the top.

Although bitcoin is a good asset for a person and also for a country, some countries banned bitcoin at their places. Why? I think they ban bitcoin at their country because they think that it can result for a further problems on their country such as bitcoin usually use in deepweb and darkweb to sell illegal drugs.

Because they think bitcoin would surpass their national currency. And some thinks bitcoin is a scam an can harm people!

Reason is simple, when our government looks at bitcoins, they are incapable of tracing any person or
company holding responsibility for Bitcoin not only in their jurisdiction, but in the entire planet!

Legal Implication : In order to recognise any medium as authorised payment and settlement system,
 they should have proper licences from Reserve/Central Bank of the respective country.
So that government can ensure all the preventive measures against fraud , money laundering and any antisocial activity .

When a case is filed against Bitcoin, not the people transacting bitcoins, inside the jurisdiction,
 governments cannot be able to perform their legal obligation to the society !

This is the first part that makes the government to take hostile approach to crypto-currency.

Governments control fiat currencies. They use central banks to issue or destroy money out of thin air,
using what is known as monetary policy to exert economic influence. They also dictate how fiat currencies
 can be transferred, enabling them to track currency movement, dictate who profits from that movement,
collect taxes on it, and trace criminal activity. All of this control is lost when non-government bodies create their own currencies.

The government does not actually prohibit the circulation of Bitcoin or other digital currencies. But they only forbid Bitcoin to be used as currency in their respective countries. That is all

 Bitcoin has been a revolutionary factor in the finance industry that has come with lots of changes. Its independence and freedom tends to intimidate the governments as its impossible to track the activities and transactions its involved in, The governments would like to tax these transactions but they cant, his they believe denies them revenue hence a threat to the national economy. Some governments also claim that BTC is used as a form of pay by criminals hence fueling the crime rate in countries hence the ban

I think Bitcoin is uncontrollable, it can not be taxed, it is peer-to-peer no governing party in between, it is untraceable and the list goes on. Governments must have control over the things that happen in their territory, whereas Bitcoin is not allowing them to have this privilege, thus they are banning it.

I think government ban bitcoin because bitcoin doesn't have tax. Just like what other said government accept only bitcoin when they put a tax on it  but everyone against in that because in the first place bitcoin doesn't have tax so who are they to put it. They also saw that there's a chance that bitcoin can replace our real money so that they didn't want it to be legal in their country.

China just ban ico and exchanges they can not ban crypto many contury ban,s bitcoin reason they can not handle the power of crypto.

Some government bans bitcoin because it is rapidly growing all over the world and due to this, it is a dangerous sign for government's financial sector.

Some country is banning bitcoin because they can not control the blockchain. What governmemnt can not control they will normally destroy  such. Bitcoin has proved otherwise.

yes bitcoin ban government because once here no tax. so some country bans to think of others is scam it. the government should know the beauty of crytocurrency to be proven in every country.

Governments have different policies governing their countries finance related activities. some favor bitcoins while others don't, those who doesn't support BTC has since come up with reasons such as the fact that its independent and therefore free of any controlling institution making it difficult to trace its transactions and tax it, the main claim here is that the governments are therefore denied a chance to earn revenue from taxes, some claim its crime oriented a criminals use it to make illigal transactions hence the ban

The impact of bitcoin, which is not subject to the government's control over the existing system, will be profound.

Governments are controlling and protecting their interests, and some governments can do something to prevent people from openly using bitcoin.

Managers across the globe are not afraid of virtual money being abused for the purpose of money laundering and other malicious purposes of criminals. They are also worried about the impact on their financial system in the event of a burst of Bitcoin bubbles and the resulting bad effects.

Bitcoin price increases of up to 1,300% last year made many economists, investors and bankers worry about a large fraud.

They are some whales hidden behind of government they ban bitcoin for decrease the bitcoin price and when bitcoin will come down then they buy and allow bitcoin again

Because bitcoin has no formal basis and regulatory authority, bitcoin is prone to abuse for illegal transactions, money laundering, and financing of terrorism. There is affirmed, all transactions conducted in the territory of NKRI must use rupiah currency. The circulation of bitcoin is also illegal because it is not reachable by the Central Bank. This has the potential to cause bubble. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system.

It doesn't look like they simply consider bitcoin to be dangerous for people, I would even say, that it is dangerous to banks, so that's why they are trying to fight against it.

Yes because Bitcoin can be juxtaposed with fraudulent MLM. The exchange rate bitcoin indeed continue to soar, but unfortunately the number is limited. There are only 21 million bitcoins to be contested by users around the world. Not to mention the bitcoin can only be obtained by deciphering complicated mathematical code that can not be done directly by humans.

For this reason, miners can easily sell bitcoins at high prices to those who are tempted by virtual investments. Moreover, many circulated stories about someone who managed to double the bitcoin that he bought several years ago.

In fact, India's Ministry of Finance calls bitcoin a ponzi scheme. This means a fake investment mode that promises to double profits.

Ponzi schemes often exist in cases of fraudulent MLM impersonation. The profit that investors get is actually the money of others who just invest, not the benefits of business or business management as promised.

This has a resemblance to the bitcoin investment chain. With a limited amount of bitcoins, each virtual money owner will resell it at a higher price. Meanwhile, the other buyer is a new player in the world of bitcoin investment that will also sell the money in the future.

the government forbids bitcoin because Since it has no formal basis and regulatory authority, bitcoin is prone to be misused for illegal transactions, money laundering, and financing of terrorism. This has the potential to cause bubble. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system. but its real now many countries are starting to receive bitcoin

there are several reasons the government forbids bitcoin because buyers and sellers can not be known, in addition many criminals use bitcoin as an intermediary to buy weapons and drugs.
I suggest the government make a rule about bitcoin so no one uses bitcoin for crime.

the government can not control the bitcoin currency. it is feared bitcoin is used for things that can harm the state such as money laundering, illegal fundraising

Several other reasons why some government banning bitcoin is try to avoid illegal use  by people.It can be used to buy weapon, drug, terrorist funding and money laundry. These transactions are difficult to be traced by the government.It is not expected also that local currency is influenced and become unstable.

Well, I think crime involving assets is everywhere and even fiat are no escape of that so even if bitcoin is decentralized then maybe they should not make that doubtful reason to accused bitcoin as crime related transaction. Bitcoin helps a lot of those good people living in a community and only few are making illegal, Maybe government will see the good side that bitcoin can bring to its people.

Because it has no formal basis and regulatory authority, bitcoin is prone to be misused for illegal transactions, money laundering, and financing of terrorism. The circulation of bitcoin is also illegal because it is not reachable by the Central Bank. This has the potential to cause bubble. Therefore, the transaction of speculative virtual currency values. Not only harm the society later, such transactions can also disrupt the stability of the state financial system.

The case in china they just put a ban on things related to cryptocurrency to regulate it. The government cannot fully ban cryptocurrency and bitcoin because its something huge and cannot grasp whole. Bitcoin is a currency that pose a threat to governments that's why they try to control it, it also can be a way to conduct underground activities which the government cannot supervise. Bitcoin is gaining popularity and is a huge help for many and governments cannot seem to accept that, that's why they put regulations because they cannot ban it.  

They do this because they can't control bitcoin, ICO and getting taxes from crypto. At the moment there is no necessary legislation to effectively regulate crypto and protect people from scam. I hope we will see a solution to this issue in the near future and China will be able to fully return to the market.

Yes they can not really ban Bitcoin but they can do some things to prevent people from using it publicly for example, just because they do not benefit from it so they ask for an exchange to stop receiving merchants from the area and possibly prevent the local store from receiving Bitcoin. But Bitcoin can not be stopped by it. Users can only switch to a decentralized trading platform and avoid the ban. Bitcoin is decentralized and can not be easily stopped.

Government need to find methods to control bitcoin because government need this kind of technology. They don't have rights to ban Bitcoin easily because they do not know how it function and how Bitcoin is all about. Government should find first the effective way to get the advantages from Bitcoin

We hope that China will be able to return the Bitcoin to the market because China is the world's populous country. Many chinese people will be able to use Bitcoin and that is the big advantage, we also need investors from big country and also a people who have a great intelligent about business world.

The reason why the government forbids bitcoin because the bitcoin system is decentralized, so the government can not control or impose a tax on ownership of bitcoin.

bitcoin claims that it is the first decentralized peer to peer payment network that is powered by its users with no central authority or middlemen . that lack of central authority is the primary reason goverments are afraid of the crypto currency. to understand this fear, it is important to know a little bit about governments and conventional currencies.
 

 

Because bitcoin is decentralized currency type and government cannot control the money flow within the country and between the countries. At the same time government doesn't have any income through bitcoins, since they cannot charge taxes from bitcoin and its transactions. Also bitcoin can be used for terrorist activities, since those moneys doesn't have any central authority 

Some governments may worry that they will affect the economic order of the whole country. If we push forward encryption, many banks will disappear.

On my opinion, bitcoin was banned because the government can not benefit from it. They can not charge or put tax on it that is not good for the government.

becuase bitcoin is a none controled crypto currency . other country banned bitcoin bacause bitcoin are not controled of a goverment .

The plausible reason why the government forbids bitcoin is that the government does not want other currencies to use for its people other than their respective national currencies and they feel that bitcoin poses a threat to the economy of the country so they think bitcoin will create destruction for the national currency in the country. Such governmental thinking would be different if they tried to accept bitcoin as another currency option for their community use. With their prohibition asserting that the government does not accept the technology created as a solution to the problems of the existing economy.

The government of some countries in the world banned Bitcoin. Because they can not control Bitcoin or can not. Again, the government of some countries consider Bitcoin trading illegal. For example, the government of China has not banned cryptocurrency, they have banned ICO exchange.

Beacuse i am belong to india. Indian government minister said bitcoin is not ban but if you can buy its your resposibilities and your own risk. Some government ban beacuse bitcoin value very high and control in own curruncy.

Government bans bitcoin because it is decentralized, direct tax cannot be implied and also it gives privacy to the users which makes the transaction private which can be used in illegal things and to avoid that government bans bitcoin.

Although bitcoin has a good rate it is risky and dangerous to invest and to be involved into it because if you have bitcoin you might lose at any time. Also bitcoin might remove some government jobs because it has a big potential of being the future currency and might as well take over the currency that countries give. Despite the fact that it is banned to other countries desperate investors still invest because of the high rate because they know how to control bitcoin.

I like what India did to their people and by not totally banning bitcoin and i hope that the government from other countries should also give the responsibility to their people to choose if they get involved in crypto business.

I think the reason why the Government is against bitcoin is about "TAX/TAXES". Why? Because, bitcoin has no tax. So, the government is against about it because they can't get money (Tax) form bitcoin. Also, government

About China,  I think your right. They can't just banned bitcoin because it work in internet. As long as there are internet connection, bitcoin can't be banned. I think he government will find more ways to get bitcoin to control it also, because government controls every transactions that involves money.

It is true that bitcoin is being used by drug traffickers, money launderers and other illicit activities and it is one reason why countries banned bitcoin. Other banned bitcoin because the government has no control over bitcoin and they are afraid of what negative effects it may bring to their economy. While other countries banned bitcoin is because they are still studying how to adopt bitcoin and what regulations are they going to place so that it will help and protect the people while developing the economy.

Yes thats what i think also, the government is not ready and has no capability to impose taxes  because their system to control the transactions in using bitcoin is not yet ready.

I believe that governments are really afraid of bitcoins growth in the community since there are a lot of people who are earning a huge amount of profit and people are preferring to invest on cryptocurrency more than placing their money on banks.

Old issues, as of today China is opening their country when it comes to Bitcoin issues and matters, they are looking forward now to be one of the most crypto trader among other countries as we can read on some news that theu are working fast when it comes to development.

Now if you'll excuse me, kindly lock this old thread of yours.

The government ban bitcoin is it's decentralized nature.Bitcoin is decentralized in nature so no government or bank is able to control the transactions made through bitcoin.People involved in the transactions remain unidentified.Some people uses this feature of anonymous transactions in a wrong way.This forces the government to take decisions against Bitcoin.The future of their country with that coin and those countries who know about the future of that coin do not ban it but they try to support it from their governmental level.

according to the article I read, the government bans bitcoin on the grounds that it has no formal basis and regulatory authority, bitcoins prone to misuse for illegal transactions, money laundering, financing of terrorism and bitcoin circulation as well as being illegal as they are unreachable by the Central Bank.

Many government officials are abusing power to do bad things so the government prohibits the sale and purchase of bitcoin and also affects the value of the country's currency.

One of the main reason is because the government tax officials of some countries are finding it extremely difficult to tax their citizens for selling away crypto-currencies online, so the easiest method for the government officials would be banning crypto-currencies in their countries.

For me, because they cannot take control bitcoin, because bitcoin do not have tax that's why they ban it; because they think that bitcoin is a scam that will lead a threat to their people, because they don't have any idea about it and also they do not believe and trust bitcoin.

Some of the users use bitcoin for money transfer because they have fast and low fee. The government know the possibilities  to replace their currency

the government forbids bitcoin because there are many factors of bitcoin misuse and bitcoin government statements are also illegal.

That's all because of control. Many governments are agraid and against something they can't control. Same thing here, cryptocurrencies are practically impossible to control.

Their common reason is because they cant control its price...in my country,my goverment also afraid of cyrptocurrency being used for illegal activity like terorist funding or money laundering.

Becausw somw people uses bitcoin for evils. Tjey scamming people, fraud is abundance. They think the best way to stop scam is to ban the bitcoin.

After all, Bitcoin is decentralized and has no official administrator. So most governments limit the use of bitcoin and warn that bitcoin is one of the riskiest investments associated with its highly volatile price. Basically, the government is just trying to provide protection, I support it, as long as it is not banned.

I think it affects the lack of official legality from the world about bitcoin, so there are some goverments that do not trust bitcoin yet, it is also possible because bitcoin is prone to being made illegal deals in the underworld

I think No government dont realy ban bitcoin but the are ristrectly ban and aginst ICO specialy in china, USA, and some part of the world. But even they do that they still cant ban crypto because there still some people using it.

Sometimes the only way to protect your own interest is to use your authority to stop the hindrances of the flow of your reason why why you are setting on that chair (government power) that is why decentralisation system will always powerless when the power of government hit against it.

The reason why other government banned are risk assessment, loss of profits, lack of control and both mutual and sided interests. mostly based on lack of understanding of how cryptocurrencies work and why the blockchain technology is important.

I believe that they cannot stop the people from wanting to join and invest in cryptos knowing that they will get benefit from it.They want to be in control as they say to protect its investors and at the same time because they believe there is a big revenue that can be collected from cryptos.Some government ban bitcoin because every government has its own governing rules and regulations and when they see bitcoin as a threat to their economy.

This may be because bitcoin does not have a formal basis for real management and management and these are feared to be hacked and then musused as they see fit or made to evil. The goverment forbids it intended to suppress crime for money loundering and so forth.

if the Indonesian government still considers the bitcon is illegal. but the government
 nor does it prohibit its people to invest in bitcoin. but the risk of loss must be borne alone can not report to the authorities (police). and should not be used for goods purchase transactions. maybe the government is afraid that the currency of the country and the central bank is less in interest again .

Based on what I know that there are terrorists or criminals who use bitcoins to fund spatial groups, it is because the system in bitcoin where transactions are made can not trace the identity of the owner. It is natural that the government forbids bitcoin, because terrorists can seriously destroy a country. Regardless of what it is, if bitcoin is abused then it is most likely if the government forbids bitcoin.

Because many countries feel that BTC is what makes investors lose money, they fear that their people will lose their money.

The government and other firm like insurance, bank, e-marketing and more are scared of losing power, they know that ICO and token and airdrop is transferring power to the citizens. And making the common man have financially free.

Every Government has won strategy to lead their economy. Government has no control of bitcoin and it lot of effect off economy.And also no need to pay any tax for bitcoin.For this reason i think  some government ban bitcoin. 

every government tries to control something or the other and crypto is decentralized and the government has no control over it so many governments have put a ban on them so as to protect their own paper money

Bitcoin, like any other electronic currency, can be used for money laundering or tax evasion. The system does not have a control center, so it will not be possible to appeal or crank the transaction in reverse. This is why Bitcoin has been banned in many countries.

I think because many states are afraid of its possibilities! As we know, the bitcoin has many advantages, thanks to which the world financial system will no longer need banks!

Its very simple. Bitcoin is a decentralised currency, most of the governement wants to be in control of their currency which bitcoin does not allow. Its also a tax free transaction which the government do not support.

The problem is that it "encroaches" on sovereignty, the ability of special bodies to control financial flows.

They’re not really banning bitcoin as much as exchanges. Those that have “banned” it are doing under the guise of protecting their citizens but in reality they are just concerned about bitcoins ability to disrupt their ability to print money and tax people.

I think some governments try to ban Bitcoin because they want full control of the financial transactions of their citizens, and also they want to support only their fiat and local currencies.
But they are falling, because Bitcoin is decentralized and people can trade it as long as they have Internet connection and some basical knowledge.

No government never want something in their country which they cannot control. And in bitcoin is more likely that thing. Many government mainly ban it because bitcoin affect their economy growth. Bitcoin user doesn't pay tax their country which ultimately affect their financial status :o. And some time Bitcoin affects their country  currency in both direct or indirect way. In some country like Israel they ban bitcoin because it associate with many criminal activity like kidnapping, Anti money laundering, etc. So here some reason behind ban bitcoin in some countries.  :-*

incidents happen regularly everywhere, where the government simultaneously tries to limit crypto-currencies and maintain a rating among the electorate. Considering the fact that more and more representatives of the electorate are beginning to be interested in crypto-currencies, sooner or later officials are in a situation where one can not sit on two chairs and you have to choose - either to explicitly prohibit crypto-currencies or to allow. The prohibition of crypto-currency at the state level: is it necessary? ;)

I think it depends on what kind of government you are living in, like in our country we are in democratic form, so people has the full rights, the only thing is that bitcoin is not yet popular in lower market that's why the government is prohibiting the use of bitcoin, but if bitcoin starts to invade the lower market the government will eventually allow using it.

It would be hard in government if they will totally ban bitcoin beacuse it is now being introduced and familiarized all over the world with the help of social media tge knly way they can do is to prevent and lessen it. Government are afraid on bitclin because it can be use in illegala activities like buy and sell or trading of guns, drugs and etc that will be a big threat tonour government because it can cause increase of crime ratws and terrorism.

And what they are afraid of is because some authorities have taken bribes and moved from cash to BTC to hold. That is why they are afraid of BTC development in their country. And they are afraid that the banking system in the country will be frozen, as investors poured capital into Crypto.

They do this because they can't control bitcoin, ICO and getting taxes from crypto. At the moment there is no necessary legislation to effectively regulate crypto and protect people from scam. I hope we will see a solution to this issue in the near future and China will be able to fully return to the market.

I think it's because government are threatened by bitcoin because bitcoin is being popular all over the world. Aside from that bitcoin is a decentralised currency so that government are being aware on what things that might happen it they will approve this to their country.

The reason why some government ban bitcoin because its question the legality of the business, we are all familiar
that this kind of business deals through technology and some of the country cant accept because they are lack of technology.

In some countries government ban bitcoin because some people use bitcoin in some illegal business. And many people don't know about bitcoin properly in some countries.

Government is a set of rules and regulation . To operate a country government must maintain all rules. Government ban bitcoin because it is out of control .Especially south Asia which is technologically behind such as Nepal,Butan, Bangladesh most of people  in those country don't know about bitcoin and those people know it they use it illegal way.

For any Government to ban Bicoin it will be somehow impossible because it is decentralized,they can try to baning key players in their country i.e cryptocurrency exchanges,but to ban Bitcoin investment it can not be possible. Some government ban bitcoin because the expected returns on  Bitcoin to the Government cover are not forth coming and they believe that people may use it for moneylundring.

It is not because it is an illegal thing but because of the fact that the government can not control this kind of transaction. Which means, the government can not take something from it so they ban it.

Governments ban bitcoin because of the control, they cannot simply control it, people earn while they cannot control and benefit from it, this is one of the reasons whh they are banning bitcoin, and another reason also is that they cannot cover bitcoin and other cryptos through the taxes.

because some of the banks is controled by the government , they are afraid if bitcoin kill paper currency . and they afraid that many people invest in digital currency than to save it from banks .

They ban it because they can't control it.
countries with weak economic try to ban it because of some great amount of money that they could use (really waste) in their economic used in crypto market
and it is not a good phenomenon for them

The major reason is because, Bitcoin is uncontrollable, it can not be taxed, it is peer-to-peer no governing party in between, it is untraceable and the list goes on. Governments must have control over the things that happen in their territory, whereas Bitcoin is not allowing them to have this privilege and have the control they want over it.

all countries that ban bitcoin for have their own reason why they have to do this for and we feel so blessed when in our country we must have to feel all support with our country to make bitcoin to transact for with freedom unlike in some country.

bitcoin is the personification of the blockade. blockade is a new technology that is not clear how to regulate and how to use it. The state can not reorganize quickly, it is a sluggish system.

Bitcoins and other virtual currencies are especially worrisome to the authorities, because such payments are extremely difficult to track - transactions are negotiated between buyers and sellers who may not even know each other's names. No banks and payment systems record their personal data and do not issue at the request of law enforcement agencies.

I think even though I'm a fan, I can understand the discussion. But I hope this will end in the promotion of energy-saving mining approaches (eg through solar energy) rather than general restrictions / restrictions.
I personally expect some upcoming discussions in Europe soon due to energy consumption due to mining. Especially from the German-French axis we can get some resistance / pressure.

The government prohibits cryptocurrencies, acting in their own interests, trying to get profit from it. But they are wrong, and soon every state will have to legalize bitcoin, so as not to lag behind in the economy.

Some governments are banning or banned bitcoin because they simply cannot regulate or control it. Bitcoin is virtual currency and provides financial freedom, decentralization and privacy to its users. These things are opposites of the governments policy thats why they are trying to banned bitcoin.

I think this has happened in the past, crypyocurrency has been banned in China but after some time the government legalized it again. This is just a matter of internal regulation in the country, hopefully it will be over soon and cryptocurrency in china can go on as before

Governments that banned bitcoin are those dont want there people to grow financially. These governments cannot take control of bitcoin, and they cannot put taxes into it, the reasons why they simpy banned bitcoin. Likewise, these governments are afraid that bitcoin may take over their countries source of manpower because more and more people are choosing bitcoin job rather than a physical job.

The Chinese government has always used every opportunity to earn money for the country's economy. All came true desire for free Chinese goods almost filled all the markets of different countries, so the Chinese government supported its economy. It also happens with a crypto currency.

Some governments of some nation has banned bitcoin because they are not generating income from bitcome and tax is not generated from bitcoin therefore that nation bitcoin cannot be introduce because of the government law

Some countries really ban bitcoin and they can do something to prevent people from using it publicly for example.They do not benefit from it so they ask for an exchange to stop receiving merchants from the area and possibly prevent the local store from receiving bitcoin.Users can only switch to a decentralized trading platform and avoid the ban.Bitcoin is decentralized and can not be easily stopped.

Ya else rang say in this thread. I think they forbid it because they are afraid. This technology goes beyond their own national currency. And what do you do when the government itself runs out of money and the government bans Bitcoin because it represents a major threat to their financial security.

I think their scared. Regulation issue, fraud , scammers and others reason is their appologies.
In the fact, bitcoin and cryptos transaction for now is a personal decision. Cryptos bussiness more as a instrument investation. So, what we have to do?

because bitcoin makes them economics regulation is nto stable, maybe if they allow bitcoin there are inflation happen in their country, so they choose to banned bitcoin to makes their regulation is monitored by the government, and there aren't inflation happen in their country

China has not banned Bitcoin, they just banned Ico. They made the decision to ban Ico because so much Ico became a scam and stole money from investors. I think it is a good policy for their country and I agree with the Chinese government. If they forbid it, automatically the mining land there will be closed so that the money flowing into their country will be reduced and it will be in vain.

Governments doesn't ban bitcoin and other cryptocurrency they just go to an extent where they can affect it like regulations or putting bans on activities related to it. Governments cannot ban bitcoin because its out of their reach and is decentralized, this is also the reason they want to ban bitcoin because they cannot reach it, they cannot control it. The government is all about controlling things and they're not able to do it with bitcoin that's why they want it banned.

Some government banned bitcoin because they can't control it, maybe that is the reason why bitcoin was banned in some country. And also due to money laundering because of this due to illegal use of bitcoin government in some country banned bitcoin.

The government has difficulty controlling the development of bitcoin.The government should quickly find a solution because bitcoin will continue to grow and many people benefit from bitcoin.Some countries really ban bitcoin and they can do something to prevent people from using it publicly.They do not benefited from it so they ask for an exchange to stop receiving merchants from the area and possibly prevent the local store from receiving bitcoin.

Because some government doesnt trust bitcoin and other cryptocurrency.
They may afraid that bitcoin will be used for money laundry or to avoid tax in their country.
But it is just my opinion

I think the main reason is because it is used in illegal activities like illegal drug transactions, using bitcoin in black market or even scams. Well,  luckily in our country,our government seems to have interest in bitcoin and they are looking at it positively. There are just certain issues regarding bitcoin but still bitcoin has good image here in our country.

Not just tax issues. But this is related to consumer protection. Most governments argue that bitcoin is a high-risk investment, so the government gives warnings to its citizens and imposes certain limitations on the use of cryptocurrency.

they want to find the moment to buy bitcoin
with bad news, they are expecting everyone to panic to sell BTC so the price keeps going down
we should not be hooked on this news

Some government ban bitcoin because they feel threatened by the impact it might have on fiat and because it cant be controlled by them. If the government can have full control over it... I am sure they will never have a problem with it.

It is just because of being decertalized of bitcoin. We all know that government haven't a power to control over it so instead of not owning it they usually ban it for the safety of their people.

Because they can not control it as simple as that. They can not tax it, they can not know how much money person has.

Because the government does not want to take risks and ultimately the government that does not agree from the country to block bitcoin just for that reason. Though many uses of bitcoin in general. And also because of the unstable price may in the end the government of bitcoin tires.

Well, I think, that transparency of transactions on blockchain is not profitable for some governments that based on autocracy and corruption. They understand that if they don't forbid bitcoin or other crypto now, they will have to deal with it in future and it will be harder to do because bitcoin's popularity is growing every day. So, the progress for some people is their enemy

most likely the governments of some countries are afraid of bitcoin because I see in the presence of bitcoin is now very difficult to do money laundering because the transactions of bitcoin are very clear and transparent very easy to detect.

Government wants to ban the usage of bitcoin but I think it's impossible right now especially bitcoin is continuously growing and introduce all over the world. Bitcoin for government is a big threat because bitcoin works independently they can't manipulate the money flow and transactions inside this system. Bitcoin can use by illegal doings like buy and sell of drugs,weapons and etc. That can result terrorism and continuously growing of crime rate.

even today in my country the government still prohibits bitcoin for direct transactions but the government still allows to access bitcoin so the government has not completely banned bitcoin I hope all countries will legalize bitcoin for the transaction process

I think the government blocking the bitcoin is also thinking of the country as well because they think bitcoin only disrupts the economy. And in the end they do not dare to take risks that will disrupt the economy or finance of the country.

Some states forbid bitcoins, and somewhere, on the contrary, to strive to develop it in full force. For example, the leading economist of the Bank of England Andrew Haldane already proposes to introduce in the UK a national digital currency.

Bitcoin ban by government it because there are  lot of news of scamming and triking people on bitcoin. But they didnt know that not all bitcoin user or investor do that.

They ban bitcoin maybe because it's something that can't be controlled like banks. It is possible also that they know that there are illegal transactions made using bitcoin so they don't like bitcoin.

These issues arising from the governments is geared towards one thing; the governments want to control and have the bigger share of the blockchain, which is not possible. Ones KYCs are well implemented in all transactions, the governments will not have any claims against Bitcoin again.

The government has the right to print money, so it can make money out of thin air. The amount of money that has been printed out on the market is that the money is worthless, it's devalued. The most striking feature is the rise in prices.

Bitcoin is a natural enemy of the government. In addition to speculators, the faithful are mostly liberals and anarchists.

I think government ban bitcoin because government scared bitcoin will popular and replace the currency in evey country and the government did not get a tax so that the country will not improve because did not have a money to pay to work on government.bitcoin is very useful in every people so that people find other ways to earn a bitcoin if the bitcoin will ban the government.

Maybe it's because they do not believe in bitcoin, they do not see how they can earn from it. They think that using bitcoin is illegal and for me government cannot ban the bitcoin because many people are using bitcoin and also other people are fighting for bitcoin they are telling positive about bitcoin so others will believe on bitcoin and they will already use it even the price of the bitcoin is flactuating many are believing and using it.

Some governments ban Bitcoin because Bitcoin has had a devastating effect on its citizens who have joined. Perhaps the Government is worried that Bitcoin is being used in illegal matters and the government does not want to take much risk with this. Would not want if its citizens become loss with Bitcoin due to the very fluctuating nature of Bitcoin. I think a lot of reasons the government forbids Bitcoin in their respective countries.

I think such responsed occurs not because of the lack of understanding, I believe they know it fully, the very reason of banning btc is because they can't find a way to control it.

Money transfers made with Bitcoin and other coins can not be tracked. The governments are against it because it is not clear who they are going to. Terrorist organizations are also believed to have transferred money in this way. Because the crypto money market is blockchain-based, they are laundering money. This is also the most important reason for governments.

Government ban bitcoin because they dont hold on it. As this moment ,government cannot control bitcoin. Bitcoin is also currency only that it is digital. They might afraid that cryptocurrency has a big impact on the government , so the only solution they think to stop any possible challenge they encounter is to ban bitcoin.

Some governments banned bitcoins because they did not really understand bitcoin. They do not know the benefits that bitcoin brings to the cryptocurrency market. Most undeveloped countries are not using bitcoin. I think they should join the cryptocurrency market in order to grow even further.

They believe Bitcoin will be take place their local currency but I know Bitcoin is one of the most powerful crypocurrency in the world and it would be accepted by every country of the world.

Bitcoin ban by government it because there are  lot of news of scamming and triking people on bitcoin..It's something that can't be controlled like banks.  

I think some country government ban bitcoin because of it is decentralized currency and they ban it because they can't control it and because of some other reasons some illegal activities have done with bitcoin that is why some government bitcoin,

Governments ban it because they can not control it. They are trying to get rid of it in any way they can, when there is something they can not manage. Now, the only thing they can do: ''ban''.

They greatly change and spoil the entire established economy of any country, because with the arrival of a new coin and even more so cryptocurrency, will begin the problems associated with the economy.

They say it is illegal because it has no approval by the government, to this reason they consider it fraudulent and closing account of investors and exchange operating in some countries

Fear is the mind killer -Frank Herbert   ::)

There are many country's government already accepted the Bitcoin as their currency.On the other hand, some government ban this.In my opinion,I want to say against this matter that in this forum government can't handle this because this forum totally handled by forum staff and moderator.Forum don't give any tax or vat for using this.That's why government don't get anything from it.Its transaction system is too secured and government can't track this.For those reasons,some government ban Bitcoin.

Some governments are banning bitcoin because they are scared when it goes mainstream it might affect their currencies, though some are also worried that it might be a way of moving illegal funds or funding terrorism since funds cannot be traced. They have different concerns but I think with regulations bitcoin and other altcoins should be allowed.

The government of every country thinks they will lose huge revenue if they support the Bitcoin. Moreover, there is no control over Bitcoin because of which terrorist activity may increase. I think. Both of these reasons are the most effective.

China often something prohibited in relation to cryptocurrencies. This does not mean that the state intends to act seriously. Most often it is just the work of the media.

I think the government is worried about Bitcoin, because if cryptocurrency is widely adopted, then the entire banking system can become irrelevant, bitcoin can also be a virtual crime, because its untraceable financial transactions facilitate crimes such as Drugs, Money Laundering, Terrorism, and other illegal activities.

They do have the basis to worried about it because according to the reports from banks and bankers. Bitcoin is represented for a freedom financial which mean the price is totally controlled by the market and noone can do anything about it, the system is totally controlled by a blockchain which mean there will be no cheats, no corruptions.

The bitcoin transaction is very secret and secure. The government is unable to monitor and control it. Some governments prohibit it because it can easily assist the transaction of crime network.

Such prohibitions (let's say a similar story with telegrams) only actively develop the sphere of personal security on the Internet, as programmers are finding more and more ways to bypass these locks. The blockchain system can not be banned in principle in the light of its decentralization, but official enterprises will be very difficult to accept payments if the ban does come into force. It is sad, but I hope humanity will still go in the direction of personal freedoms.

good question. I want to answer your question. in my opinion, why some government banned Cryptocurrency? because cryptocurrency dont have organisation or something who handle full of cryptocurrency, so maybe the government scare if group of teroris use cryptocurrency for the fund.