Bitcoin Forum

anyone know what reason  stoping bitcoin many countries,,,,,,,,,,what reason ?

First reason that they.come up with is to prevent money laundering before it even becomes big. I don't see and feel the need for such bans as money laundering and fraud can still be accomplished using traditional financial instruments. If only they see the bigger picture and just allow bitcoin and crypto to flourish and find ways to monetize it instead of banning, that'll be great and far more beneficial than their proposed solution, but I guess some countries wouldn't just accept modern technologies easily, as evidenced by these countries banning bitcoin without a pleasing and convincing argument.

They want to stop it because they can't control bitcoin, people can pay anonymously, so this is the pain in the ass of goverments :) (https://www.youtube.com/watch?v=N0aHtT0bPJw)

Candidly speaking, the most interesting reasons why many countries tend or ban bitcoin is the power of freedom that bitcoin brought to it holders. Freedom of being your Own Bank, freedom of spending and so on, these are against the traditional ways of transacting currency(fiat). But bitcoin cannot be stop for whatsoever reason they claim because; bitcoin is the mainstream of the tech. called blockchain.

Not that many countries are actively trying to prohibit bitcoin however a lot are trying to regulate it. Bitcoin poses a threat to their current monetary system as well as enabling money laundering, tax evasion and enabling in financing terrorism. To the extent these things happen is not clear but those are the most common lines you hear coming out of such countries.

in my opinion, in many countries that want to stop bitcoin because their banking is threatened with the emergence of bitcoin, bitcoin is rapidly reducing bank customers around the world, bitcoin holders prefer to save their money in bitcoin wallets because they are free from state tax

There are many reasons. Of course among the main ones price instability and the impossibility of complete control of coins. But also each country has its own currency and it is beneficial for the state when people invest in the national currency.

Because they fear that they can not control their citizens. Government always wants to rule their citizens and the best way is for that, to have access in the finance of the citizens (Like bank). If Bitcoin takes the place of the traditional banking then the government will lose their almighty power and they don't want it to happen.

These are still happening using fiat currency (cash only).

Yes it is true At first I will say that money is laundering by earning a lot of money. It's a big fraud. Thus there is a lot of damage to the country. That's why many governments are trying to stop Bitcoin.

actually they dont want to stop bitcoin/crypto. they want to take control of it plus ofcourse tax issue.for me, this is what is going to be.crypto will be under control of government and our dream will be gone.

The answer is very simple, the politics and the greed of the politicians. To put it differently, politicians are a small group of greedy people who think only of themselves and they defend their own interests, they approve the laws that benefit them, and approve policies in order to control their citizens. Bitcoin is decentralized and is anonymous and because of this, politicians have difficulties in controlling bitcoin, so as they can not control bitcoin they look bitcoin as their enemy.

I have not found that any country completely prohibits bitcoin or other cryptocurrencies. As a rule, we are talking about any regulation. Maybe even hard. But not a total ban.

Why are you asking about many countries? Only 8 countries are totally hostile to bitcoin and other 7 or so have some restrictions. Bitcoin is legal in most of the developed countries and is still not regulated in most of the countries. So, to sum up, the world is not hostile to bitcoin, but is mainly neutral, while developed countries mainly welcome it.
Money laundering seems to be an excuse for bans and regulations, not the actual reason, since, as you mentioned, banks are also great for fraudulent activities. It's unfair to accuse cryptos of money laundering. Even though transactions are pseudo-anonymous, blockchain at leasts prevents centralization and makes all of the tranfers visible.

If you can learn more about the nature of money, you will understand.
In fact, in modern society, one of the most important functions of money is as a means of government control of the economy, so all the countries we see today have their own national currency, the most successful example of which is the US dollar.
The government created “wealth” out of thin air by issuing additional money. Please note that wealth is not the money itself, but the exchange value behind the money.
And the emergence of Bitcoin undermines the government’s coinage, which means it can exchange value without going through the government’s currency.
Any government is greedy, they don't want to see such a situation, so they must be against Bitcoin.

"Many Countries Government"? where is the reference for that?

as far as i know and the legitimate recourses tell us only a handful of countries have actually tried to stop bitcoin. countries such as Bangladesh comes to mind. otherwise majority of the world has not been trying to "stop bitcoin" at least not publicly and not on big scales. there has been a lot of talk though mostly in the news which always exaggerates everything.

Countries like Russia and China doesn't want to give people too much control of their money. We all know that crypto will give them so much financial freedom and it will come a time that they can't really control it, so its better to stop as early as they can. Other's doesn't want the anonymity aspect of some major coins specially if they are going to be used to laundered money or used by common people to buy illegal stuff on dark web. But you also have to look at the bright side, because many countries are turning crypto friendlies around the world like Japan, Malta, South Korea or even Germany.

'Cause the sphere is kind of hard to control due its anounymity. Then how are they suppose to collect the taxes? Besides, what about money laundering?

Bitcoin is freedom because it is decentralized and governments did not want a decentralized system.  Bitcoin, take power from governments and give it to the people financially and that is what our politicians will not like.  Blockchain technology discovered is one of the greatest discovered of mankind and you should remember that anything that will help humanity is not always accepted by the governments.
We believe that the future is bright and we just need to allow bitcoin to be and in future governments has no option than to accept it.

It's not as bad as you're trying to make it, there is no mass attack or prohibition against the bitcoin,only but very few countries have tried to stop it's trade in their countries for diverse reasons best known to them

As far as I'm concerned more and more countries are doing well to embrace the new technology,and that's a big plus for the network

There are many unanswered burning questions here. First of all the goverments and the banks afraid of the bitcoin and the cryptocurrency. I think they don't really know what to do about it. But i am also sure that they are searching ways to use bitcoin in their benefits as well. When goverments start to determine the taxes about cryptos the problems would start to solve.

My government decide to ban bitcoin it can cause inflation and can be use by corruptor ( untracable transaction )
Last news I heard were about hacking , although bitcoin was being introduce as high security investment or money but the hacker still able to hack it so the trust that being built instantly loss in one time !

Tax evasion, money laundering, used to buy illegal goods and services, has no value, Ponzi scheme, no oversight or regulation, uses shed loads of electricity to mine it, Ransomware attacks, easy to steal with no compensation ......... ;D

Many governments are afraid of bitcoin due to money laundering.

Do you seriously think so?

The main criminals are the deputies themselves and members of the government and they have no problems with the transfer of money

The government want to stop bitcoin because government doesn't wants its citizens to be free financially. In view to this,government wants to control,define and determine the financial status of everyone ,and due to this quest to get full control of peole affairs,they see bitcoin as a barrier that will stop them .
Recently, government pointed out that terrorism and money laundering can be perpetrated using bitcoin,but we all know that money laundering has been going on through the foreign banks and traditional banks.
On the other hand,some instutions pay tax to the government from the money extorted from the members of the public, and with bitcoin the exorbitant charges those institutions collect from people will stop.
Over time ,we have seen millions of dollars being liquidated before our very own eyes,and nothing is done about it.So,government thinks that blockchain will display accurate information, account and transactions to the members of public, and this will make the people to hold them accountable accurately.My point is blockchain don't hide any transaction information even though it is decentralized, and this is the reason it is power to the people.

Expecting them to do money laundering, they only collect part of their sales, make them make the money they exchange, their income from crypto of course they will exchange it for real money in their country, I think it won't make a mistake. But I see many people who do money laundering from the results of their fraud, of course that is what needs to be eradicated, because fraud often happens everywhere.

Many countries government stop bitcoin because they can't control bitcoin over fiat money and bank also refuses bitcoin and bank always against bitcoin because they don't get any remittance from bitcoin.

Any new invention in history was initially met with a level of skepticism and disapproval. Bitcoin was not an exceptional, it rather was a perculiar case. It targetted the monopoly of the banks and governments which was only rivalled by gold and other precious stones.

Bitcoin proposed financial freedom for it's community and investors and a new era of unrestricted and unregulated transactions which could not be controlled. That's why countries were all defiant and unaccommodating. Many are now trying to flow with the tide, rather than swimming against it.

Especially when a government can't control bitcoin at all then they try to stop bitcoin.some government don't permit bitcoin because they don't get any fees and remittance.

because it wastes only their ressources. and reduces trust in the banks (secondly is partitially justified)

Many countries Government trying to stop bitcoin because.of their technological inefficiency to study and understand the in and out of the bitcoin, such people are scared of bitcoin to topple their current economy which is hardly surviving. Bitcoin is the first crypto currency started in the year 2009 and it has a strong net work systems incorporated with the modern technology. its features are  very attractive such as a decentralized one with anonymity.Its all transactions are recorded in an electronic ledger with block chain technology .Bitcoin is turned as a new form of economy which is found suitable to the modern world.The block chain technology is an unavoidable part of bitcoin which ensures the security and the clarity of the systems.The block chain technology has the various usefulness which regulates and controls the bitcoins .Due to the effective functions of the block chain no body can manipulate the system and which is leading us in to a corruption free world

Do you think the USA would want to give up its power? The state currency is USD which is the dominant currency and they can use it as they wish. Maybe I am wrong but I think that is the main reason.
When paper money cannot keep up with the development of technology, crypto will be accepted but it is not certain whether this will be Bitcoin.

Governments, irrespective of the location or region, all have the mindset of ruling and dominating the masses thus wouldn't want anything card freedom for the citizens. Bitcoin prraches financial freedom but the so called government isn't pleased with it, thus they would do anything to stop it.

I think that their main concern is control. Money allow them to control people. If you become an outlaw they can freeze your accounts and make you live poor, in hiding, until you run out of resources. Bitcoin takes this power away from them. Their secondary concern is surveillance. Government wants to know what and where you're buying, and how much you're earning. If you didn't buy on exchanges it's impossible to link you with your coins.

The only reasons I could think of is power and information. As we all know all Government like is power and privilege over their citizens, they'd always want to be in control of every single affair and Invade citizens privacies at their will, and Bitcoin is getting rid of such things because it provides financial privacy and it also doesn't answer to any government.

BTC has no formal basic, does not have the authority to regulate BTC, so it is worried that BTC will be used for illegal transactions.

besides that, BTC has the potential to create bubbles, because the value of virtual currencies is speculative, and can also disrupt the stability of the country's financial system.

I do not know about that, to me that seems like an excuse that they are using so they can spread all kind of lies about bitcoin and they can try all kind of laws against cryptocurrencies, but the reality is that they do not want to accept cryptocurrencies because they understand very well that if they do cryptocurrencies will become unstoppable and their fiat currency will lose power.

What I hear is that the government has not been able to accept, but has not stopped bitcoin, with many reasons being conveyed to every government. Most of these reasons are difficult to control, fluctuating values, no taxes, no legal certainty, and others. All of this can affect services in the banking sector.

Actually almost all small country are actually ban to bitcoin specially their economic growth is gradually rise bitcoin will create confusing to many economist also may stop to forward  the good condition of economy.

money laundering, illegal transactions, competition between fiat, weakening the country's economy, and much more. so many things are linked to bitcoin to make bitcoin look bad, but basically it still exists if bitcoin is lost. well, but there are some countries that support this development.

In my opinion, They (the Government) still consider Bitcoin as something negative things that can make a mess in the country. They still fear if Bitcoin made as a tool money laundering and funding of terrorist networks.

the main reason why most government are against bitcoin is because they fear that due to the decentralized nature of bitcoin, it will be difficult for it to stay anonymous when illegally laundering funds in both domestic and foreign counts overseas.

I think many governments are so scared that they may be ousted out because the power to the people in their eyes is very difficult for them to fathom and they consider it as very dangerous. Let's see how this impacts them business wise etc because if countries stay behind technologically, this isn't very good for them at all. Blockchain technology is here to stay so why not allow it to flourish in your country? Governments are there only to protect their own civil servants and serve the Banks and Corporations, not the people, well most of them anyway. I think central governments are an outdated mode of governance anyway. Let's see how things go and which countries DO adopt blockchain tech with a mission, like DUBAI and , SINGAPORE and MALTA.

It is all about control. The government wants full control over every aspect of their citizens life and one way of doing this, is to control their "money". They know people cannot do a lot without money and if they can control or track it, then they can control the people who owns it.

Try moving all your money from one country to the next and see what happens.  ;) Also try to buy a large quantity of weapons and explosives and see what happens. They want to know what you are buying and how much money you have and also where that money is going. You have ZERO financial privacy in the FIAT system.  :P

Bitcoin gives you financial freedom and also financial privacy.  ;)

The country is stopping bitcoin because it has not been able to regulate it, let alone a lot of allegations of money laundering, the country eats raw about bitcoin and does not see the positive side. It's a pity if the government has an opinion like that.

Many countries forbid the existence of bitcoin but instead many developed countries have used bitcoin as a payment tool ... maybe the government banned the use of bitcoin because the government cannot monitor bitcoin and regulate bitcoin like ordinary currency ... in Indonesia the government prohibits using bitcoin payment tool ... if you invest in bitcoin then all risks must be borne alone ...

The reason some of them gave was that bitcoin is decentralized and because of being centralized it cannot be controlled and users will not pay taxes to the government. Others said because bitcoin is anonymous it can be used for nefarious activities like money laundering, sponsorship of terror and drug peddling. Since bitcoin is not centralized all these activities can be carried out without being curbed or managed.

Government's of many countries are against bitcoin because of it total freedom and decentralized nature bitcoin can not be controlled by any individual government or institutions, bitcoin is not like the paper money that is centralized and control by the government. Government can only regulate the individual activities in the bitcoin network and the blockchain technology in it entirely.

most assume that bitcoin is the most risky investment and there is no guarantee of security in investing in bitcoin. I think they really don't know deeply about bitcoin. and then they consider bitcoin vulnerable to illegal transactions because it is anonymized, peer to peer, and without going through a bank. I think it's reasonable, but can be prevented by regulation.

if in my opinion. because the government sees the price of bitcoins that cannot be controlled. and many cases of theft that cannot be caught by the authorities

Because it's a scam and you can lose a lot of money, that's one way to look at it, the other angle is, all the rich people, just want Bitcoin to die already, so they invest in all different medias to criticize bitcoin, so they can buy it cheaper than before, and after that sell it as much as they can at higher prices. So will we let them to have all the bitcoins??

There are people who criticize and there are also people who support the use of Bitcoin. This depends on the perception and how the person thinks. Usually everyone has their own goals and that is what distinguishes each opinion. For me it is better to support the use of Bitcoin because the more sophisticated the times will require us all to reach a much more sophisticated level of life such as the digitization of the financial system.

There may be several reasons why there are some countries that still ban bitcoin or cryptocurrency. And one of them in my opinion is because they are not ready for infrastructure and regulations

in my opinion bitcoin made by the government is thought to damage the economy of the government and I think like that because bitcoin has not been licensed by the government thought to make the country a loss

Primary reason behind this is their fear that bitcoin may replace their own currency which will cause trouble for them.

bitcoin is more directed towards the negative because it is anonymous so that everyone can use it as any action, so the government is very difficult to legalize bitcoin. and all of that has become a risk, inevitably the government must accept all of that if you want to legalize it.

I don't think it is true. Just two weeks ago, the G20 countries' met and talked with the tax for the cryptocurrency. If they wanted to stop Bitcoin, they wouldn't do it.

Ooops, I thought that I put in there that they all happen with fiat as well. Must have thought it but never typed it. Still, it's the excuse they use and a lot of people only believe what they read in the mainstream news so they'll go along with it.

They just take out the competition.This is not profitable for many and can destroy long-established systems. Many countries are simply afraid of this.People in General are often afraid of everything new is normal.

Since BTC has shown a fluctuation at high rate and they can't control, they would try to protect theirselves and their citizens. I think it is understandable and acceptable when you loook from their sides.

In my opinion. it happened because of the very volatile nature of bitcoin. many users of this currency have suffered a lot of losses so that each country tries to protect its people so that it does not easily plunge into the world of crypto currencies.

Traditionally government can monitor all the financial transaction if you are using Fiat .Now with Bitcoin you can suddenly received huge amount of Bitcoin in and out without government monitoring you unless you convert to cash using exchange .Now they trying to create some law to monitor and forcing exchange to do KYC

I think it is for the reason that government cannot control over bitcoin because of decentralization.

purrus combat

I know one thing just for sure, to be able to stop terorrists using bitcoin for buying illegal things. And i also think that bitcoin can also do transactions for buying drugs, its also a reason. And some of the government not legalizing bitcoin because it can be use as money laundering. All of these has possibillities so that is why government trying to stop bitcoin.

Many countries government are trying to stop bitcoin because , if bitcoin will be legalized in every countries it should be confirm to all people in the cummunity and the governmebt would like to regulate the movements and activities of crypto, so that if their is complain about bicoin ,the govetnment  can trace the problem

The government just didn't want to lose the profits from taxes because of the decentralization of crypto, only their alibis banned bitcoin for reasons of protection to their communities, even though crypto actually benefits for their people?

One of the main reasons is bitcoin being a decentralized currency and has no rules and regulations. So governments treat it as a ponzi scheme cause they think it's not backed by anything and cannot be monetized but clearly their a bunch of idiots that doesn't know anything about crypto currency and how it works. So they ban it without knowing anything at all.

Never-mind. We understand crypto and want the mass people realize the blockchain technology too. We are living on 21st century and mainstream media should not manipulate us.

This is not true. Just give me 10 example countries who want to stop btc activities. Even G20 countries try to tax BTC activities or much other want to use it as an alternative to USD.

Because BTC is a privately issued cryptocurrency, no organization guarantees it!
And BTC has some illegal applications, such as money laundering!
In order to ensure the country's economic order to maintain its own rule, the government blocked BTC to disrupt the economic order!

Would be right if you said what country you are talking about then would be more easy answer this question but i think there is situation like this counrties which arent so developed try to stop it, but others whcih are leaders in technology spector for example Japan,Korea,Singapur understand its futre and try to be early adopters here too.

because some think Bitcoin is illegal and won't make any difference at all.
Hope for a RISE UP so they will know Bitcoin's power!

That's because bitcoin is difficult to control by the government, and the government has difficulty regulating taxes for bitcoin, and because bitcoin is anonymous, bitcoin is referred to as a medium for money laundering.

the main reason why governemtn is not agree with legalize of bitcoin is bitcoin is not trackable and governemnt dont like it. why? because government want to know about the sender and the receiver of each transaction

I think this review has been very much, you can even find it on Google search engines
You can find recommendations for knowledge about bitcoin and crypto, especially about the blockchain system from various sources. I only suggest that by reading you will understand more than ask

They fear it and they couldn't earn from it,
They couldn't control it that is why they hate it unlike banks crypto is decentralized so they couldn't take over it they couldn't put tax on it.

the reason for a country to stop bitcoin is because people from that country have a lot of abuse using bitcoin,
for example, they conduct crime transactions through bitcoin, and that greatly hampers the development of a country.

maybe they see the price of bitcoin is just a bubble. like a soap bubble which will disappear by itself. as happened at the end of 2017 the price soared. and now it's gone just become history and back memories

In my opinion many countries fear to support bitcoin is they think all the transaction of their citizens will go in digital even with out any knowledge of the government's and to their country this will cause the damage to government plans But they have to think other side of the coin that people's life style will grow in a standard of economical high in which the government will gain directly and indirectly.

The main reason is that every bitcoin user can use a pseudonym to be unknown to many people, so as they assume that bitcoin can be used as a system of illegal payments, money laundering, and terrorist funding because it is hard to trace by the government. I guess that the main cause of the government banning bitcoin is growing in its country, it is not a problem that can cause inflation or the government is afraid that every citizen uses bitcoin and leaves the cryptocurrency, these two causes can be handled well so that no one is harmed.

Simple because the government had shown nothing good with bitcoin of its scam ICO projects that the system does not even wanting to solve the problem. Many are taking advantage on scamming activities using the bitcointalk forum and the bitcoin system. I just hope that they will take this problem seriously and should make some way to prevent or minimize scamming activities.

Yes, many countries try to ban bitcoin and stop bitcoin forever. Bitcoin is a digital currency and nowadays people are interested in bitcoin and also invest their money. people can easily send their black money other people or country using bitcoin.S o as result a government and bank both getting loss for bitcoin but its useful and profit for general people.

Yes right, because the government aims to protect its citizens from the losses made by Crypto investments, basically everything depends on the person who made the investment, so Bitcoin is not wrong, it all depends on the person who made the investment, because Crypto is clearly an investment high risk.

they take the liberty of their own people because they want to stay in government for many years and unfortunately the people who are the majority do not realize this and continue to vote for this type of government


I agree


more than 90% of all countries in the world have not legalized bitcoin as a means of legal payments and if many countries have not legalized it is not the cause of money laundering or terrorist financing, is because governments could not have control over cryptos And many banks are creating barriers so people do not buy cryptos


everything you said is just bullshit, Fiat is more used to commit crimes. many politicians steal millions of dollars, many traffickers prefer fiat or gold or anything that is both physical and valuable. Bitcoin is still a baby compared to crimes involving Fiat and Gold

Its very simple and visible that they can not control it when the government and prevents them from their multiple money laundering they perform so they can not let it stand they have no option that to fight against it,which is happening right now

I don't know which country you are talking about but you can't stop bitcoin transactions without closing the internet world wide which is also impossible to happen so no one is going to stop bitcoin even if they want to.

Bitcoin is part of the crypto market. Crypto Market is an independent system. No one can control. But some countries want governments to control Bitcoin. But this can never happen. Because of that the country has started hating Bitcoin.

The government claiming against bitcoin so many reasons-
1. Bitcoin is a virtual currency.
2. It is unstable currency.
3. It is not organized from any bank or country.
4. Money laundering.
5. The country is economically damaged.

Majority of countries are trying to stop bitcoin because most of them are afraid of bitcoin thinking it can destroy there financial structure which was build through years because there is no responsible party or a organization to control it and due to that governments think it can increase criminal activities because anyone can hide there money without a trace in the blockchain network but we all know that even without bitcoin those things are happening right now and also unfortunately no government has seen the positive and beneficial side of bitcoin

Mainly those countries governments have not ability to control bitcoin, they don't permit bitcoin legally. Other factors are banks are disffuse bitcoin at all.

They fear decentralization where they lose control over the economy of their country. Governments will never like bitcoin. However, that doesn't mean that they don't like blockchain. Many governments are working towards integrating blockchain technology into their systems

I think that the main reason is because they don't know what risks they may face. btc is the most popular coin ever and it is unexpected one. they don't want to take risks

Every government have their own reason but mostly many government ban bitcoin because government think bitcoin used for money laundering and criminal activity. Its not true because most money laundy case using fiat money. Bitcoin still have little transaction volume compare with fiat money transaction in banks and i think there is no reason for government ban bitcoin

Almost all the countries in the world have a fear that if they let bitcoin the all transactions will be done without the knowledge of government then what is the benefit to the country and how they run government so this is a matter of their citizens if a common man raises this is good news without any help by the government , government gets strength finally the countries who are to stop bitcoin have to think.

Many of the countries that do not directly prohibit the existence of Bitcoin but they are not fully legalized. Bitcoin gives us freedom in terms of the economy such as transactions, money transfers and others as it is, while it is contrary to the rules applied by every government of a country, therefore the government will always try to regulate it even though it will be difficult.

in my opinion also, on the other hand the government does not want the spread of bitcoin to be too broad because what is feared is the price fluctuation of this cryptocurrency. We are aware that this turbulence if for example they use the country's economy on this matter, it can suffer enormous losses. Therefore they tried and urged the public to avoid these risks.

Yes it is because of the uncertainty and the virtual nature of bitcoin it is happen to bitcoin that government trying to regulate then it will be good for them to use for operations and such governments have fear that may it will be use for criminal activities so that's why they have stop using and trading bitcoin in their country.

Because we all know "NEW" to the eyes and ears of some people are scary.
Close-minded people usually don't like to explore new and unique ways.

The government is trying to protect its people not to take the risks that occur so they cannot accept bitcoin as a transaction tool.
They feared that their people would fall into poverty if they were unable to manage it.

reason that i know is they only want to make their users safe, it means bitcoin and all crypto sometime, maybe not sometime but there are a lot of project that harm investors, and some investor loss their money because not profit from it. Maybe because of that.

Many countries have stop for making bitcoin and altcoin are legal transaction, they always try for stopping and make bitcoin banned for using by their people, India have banned bitcoin not only for transaction but also as for holder or investment.

Most of countries does that and the main reason is like you have mentioned bitcoin is the first decentralized digital currency in the world and that makes it untouchable from eternal organizations in any scenario which makes it uncontrollable and that gives a bad idea for traditional centralized systems like banks and governments because they are not used to deal with such systems so even bitcoin is so potential no government like to take a risk by accepting bitcoin locally 

Specially governments wants to stop bitcoin because they think they are the most effected people when bitcoin continues to grow as a currency among people so they do everything in there power to destroy bitcoin and its progress to make there economical and financial future safe and that is why we see majority of online news and other channels are used by countries to spread false information regarding bitcoin and its bad side to the traditional financial world which is a very bad for bitcoins future

They will never take the side of the people, once a government is formed they stop thinking about the well being of their citizens and those that are in the system only care about how to keep their privileges no matter what, so something like bitcoin is a threat to them because if bitcoin becomes the main currency of the world then governments will have to get smaller and they will lose their jobs.

Many country try to make bitcoin become illegal transaction and do not give space for bitcoin become as payment transaction, they do not know how much profit could get in by making bitcoin as legal transaction.

Many countries governments don't permit bitcoin reason, they fear bitcoin as illegal transactions and they don't get any taxes or fees from transactions.

I agree.Even in my country it was once aired in the tv news that bitcoin is considered a scam and considered illegal.Many people have believed this fake news wherein bitcoin is involved indirectly.I also think that the government officials have fears from accepting cryptocurrency because transparency is what they feared of.They cannot collect excessive amount of taxes anymore once cryptocurrency will be a legal tool of payment.

of course you can look for references in various sources or in google search if you want to know specifically. and almost all prohibitions from a country do not differ greatly for the reason. but one thing that we cannot reject and refuse, that digital development cannot be avoided, especially in the next few decades. and bitcoin is the only one that can be trusted

In my opinion because in their country they still really need banks as transactions in their country, and when bitcoin enters maybe banks in that country are no longer attractive.

because bitcoin and other crypto currencies cannot be controlled by the state therefore many countries are afraid of bitcoin if legalized in their country

Soon everything will change, the governments have already decided that they will begin to regulate cryptocurrency, because they understand that they cannot stop the cryptocurrency sphere and they know that they will make a huge amount of money on this, so it remains to wait 1-2 years and the cryptocurrency will be regulated.

Because BTC is a privately issued cryptocurrency, no organization guarantees it!
And BTC has some illegal applications, such as money laundering!
In order to ensure the country's economic order to maintain its own rule, the government blocked BTC to disrupt the economic order!

Big banks still holding the economy of such countries, they are still dominating and authorities will keep their side to those businesses as they are getting more finances from them, with bitcoin / crypto existence this businesses will suffer and just like many other said, taxes are most important in any countries that will exist so it will be hard for them to allow it freely.

Simple, the major reason is control. Bitcoin is decentralized, government cannot control it. Meanwhile, bitcoin circulate in the majority which makes them easily. Of course government wouldn't stay watching this. They also need money to live their life, especially in the corrupt countries. They need tax from the regulation, while bitcoin is unregulated. So, simply, they get nothing from bitcoin.

I think because bitcoin transactions are difficult to track because bitcoin is anonymous, and from that the government will be difficult to control bitcoin.

maybe the reason for inflation in the local currency and of course all the negative results that will be obtained from the crypto currency but in my opinion the good and bad crypto currency depends on the intention and purpose of the investor itself

there are numerous reasons although few are considerate to my opinion why Government are kicking against bitcoin. citizen of these countries who are there government is fight against Bitcoion are
 1.citizens losing money to hackers daily which is crumbling the economy of the country since since hackers dont even spend the money within the country to develop the country ,
 2. this theft money can be use to sponsor terrorism attacks against the country .
 3. taxes might not be paid effectively , lots of people might want to hide their wallet since bitcoin transactions are decentralized and anonymous

Financial freedom may directly means total freedom, Financial freedom is one of the dream of Satoshi Nakamoto, The Government don't want the poor masses to get the freedom.

Various reasons for the government to stop bitcoin, such as the value of bitcoin that cannot be controlled, have a big risk, it is easy for hackers to steal etc. To avoid this bad possibility, the government is trying not to accept bitcoin.

of course the bad reason for the results obtained in crypto currency investment for the country may be the massive inflation of the local currency and a means of money laundering

I think it's just the government's fear of an entirely new and innovative technology that will completely transform the traditional financial system. Most politicians are quite conservative and are not yet ready to accept the digital currency.

Most likely, the government cannot afford to adopt a currency that cannot be controlled. Bitcoin is too modern and perhaps it is even ahead of our time. I think that in the future it will be actively used.

For me, the reasons why some countries stoping bitcoin is it can be a tool to use to their illegal activities because no one monitor in it in one country it will be safe to use in money laundering. My other reason is also bitcoin is decentralized and the government itself can not manipulate it which is one of a negative use of Bitcoin and its volatility also some Government did not want to have an ups and downs of it.

These governments that won't allow bitcoin in their countries might not yet ready to accept cryptocurrency or they had a law that prohibit the use of another currency. Bitcoin has a high volatility and fluctuate rapidly so these countries might be having a hard time dealing with it so they rather ban it than allowing it. However, banning a cryptocurrency like bitcoin may not be successful because might buy the coin in an underground exchanges. China, for example, reportedly banned bitcoin but many chinese can still able to buy the cryptocurrency from many sources inside their country

I do not think the countries want to stop it. It is just their ignorance in not supporting it that is making it look like it is a sabotage. But this was the same resistance gold faced when it was newly adopted as a store if value a few years ago. Bitcoin will survive this too.

Most of these governments claim that Bitcoin is unregulated hence it is involved with money laundering, terrorism funding, drug trafficking and other source related to payment on the dark web. But the question, were these activities not already in existence before the creation of Bitcoin? This proves the fact that the governments have ulterior motive behind their claims.
It is obvious that the governments are scared of the decentralized nature of BTC which gives the financial power back to the people.

yes this is technological advancement, this can be very useful for Bitcoin users
maybe bitcoin will be faster when accessed with the internet, but this is a satellite system that might be as good as general internet access

Governments, especially far left communism governments, loveeeee to be in control of everything and even wish to expand their control power. Bitcoin, on the other hand, gives freedom and anonymity to users and cannot be control by any single party and proves to be a huge enemy. Aside from that, the fact that Bitcoin is taken advantage of by some bad guys makes some governments hesitate making it legal too. Until they figure out a way to 'control' or adopt Bitcoin they will just decide to ban it so that the whole country does not go chaotic, cause you see Bitcoin can affect various aspects of a country.

Many countries are against Bitcoin because they believe that bitcoin will be used to scam their citizens through ICO as Bitcoin is decentralized and can not be controlled by anybody. Some claim bitcoin is used to sponsor terror while others claimed bitcoin can easily assist in money laundry and drug peddling.
These are just mere speculations just to kill the bitcoin.

One of the main reasons why most Governments don't want to accept cryptocurrencies as a mode of payment and making transactions is because of the the huge amount of money that they would lose without people making payments through the central banks. banks charge very high fees for transactions unlike cryptocurrencies which only charge just a small amount.

The risk is quite large if their citizens who are still lacking in information about bitcoin will make them not understand and will harm of course,as we know that investing in bitcoin is quite a big risk

Actually its not really many countries trying to stop Bitcoin, but those countries that don't want Bitcoin to be used in their countries have issues about it, such as it is known for being used for illegal transactions on its early days and it is hard to trace transactions being made so governments will have a hard time chasing money launderers. In short governments don't have full control on cryptocurrency so some countries are prohibiting the use of it or exchanging it with their local currency.

The lack of regulation on the use of bitcoin in a country makes people can use this currency freely like buying drugs, fraud and money laundering. Bitcoin is a decentralized currency that from the beginning there are no rules at all.

the reason as I see it is very simple
those governments don't want any competitor in money laundering

First of all the crypto currencies are decentralized. This means that they have no control or power over it. The Government is power hungry and they do not like giving up full freedom to people specially when it is about money. They are actually not trying to stop the usage of crypto currencies, rather is trying to put on as much regulation as possible to bring indirect control over it. They do know that it is actually almost impossible to stop its usage.

There are numerous reasons why these countries' Governments are not allowing or its either claiming that BTC is illegal or neutral to some countries, first of all is because BTC is indeed decentralized and it is the fact that these Governments wants some part of Bitcoin, so it means that they don't only want to legalized Bitcoin because it will help citizens but it is simply because they want to have control over it which is absurd and I think will ruin everything if you let the Government touch Bitcoin.

The decision to accept or not cryptocurrency by the state has many factors, political factors greatly influence. Besides that the condition of the country is not ready to keep up with technological developments, even some countries are still traditional for payment transactions. Another factor is price manipulation, security, money laundering and other crimes that cannot be controlled by the state.

yep, this is one reason that can represent the background of why the government continues to try to bring down the bitcoin market. when they cannot control all forms of bitcoin transactions, at that time they lose billions of transaction taxes that they should be able to implement, the profits that the government wants with its stupid partners, namely conventional banks. Bitcoin which tends to be anonymous is used as a scapegoat and weapon to attack, as if bitcoin transactions are the most prone to crime, even though the fact is that conventional systems have had criminal records more than decades ago.

- Being uncontrollable when applied to reality is also a reason that makes the government try to stop bitcoin, they do not want anything out of their control, that will make them face a lot of big problems in society, like underground transactions or black market. But the more important reason is probably that they do not want the people in their country to participate in it too much because bitcoin is a very modern product, useful and fascinating, so many people have given up their jobs or sold all their possessions to invest in bitcoin, if this continues and lasts, society will collapse and crisis

I think the obstacle of the government does not allow and do well by bitcoin because there is no law on the existence of bitcoin or digital money or foreign money and I lead there because this bitcoin actually appears suddenly and can produce very satisfying results and I think we can make the country's economy fall I think so

Why the government forbids bitcoin, the reason is just simple, surely the government will not get money, because bitcoin is a currency that people might not know, and the government will not be able to see some BTC that person has, and that is very different from fiat currency, where you have so much money at an ATM then you will be taxed quite a lot and if you open a business you will certainly also be taxed for the construction and security of your money. so that's the reason why the government prohibits Bitcoin from growing in your country ...

Without a doubt like you have mentioned bitcoin is unknown for many countries and it can effect the economy in a higher rate of a country and that has become a main reason why countries are trying to ban or restrict bitcoin locally for there citizens so even there are many benefits that can gain by using it with the financial processes governments are afraid to allow it because they have no certain idea about the outcome of it and this has become a big issue for bitcoin to expand

your reason makes sense, because with the presence of bitcoin the government lost a substantial tax fund from the people who entered the bitcoin investment, but the government that banned bitcoin hasn't realized that bitcoin has changed the people's economy for the better

I think the main reasons for that are the possibility for money laundering and no regulation mechanisms.

I think they are afraid of the loss of control that cryptos can cause in the government, we all know that the current financial system has close relations with the government and that causes a strong control with the citizens, as cryptos are decentralized and is quite difficult to control things over here.

Mainly I think for security. Bitcoin possesses the feature called anonymity and it was very accessible platform on which onvaders or future terrorist will be credited as an ordinary group of people, bit the country didnt know they they were slowly being invade, and the lives of people matter this will be a great threat for everyone, starting from drugs up to database anomalies will be possible.

Most government are predominately scared of the autonomy bitcoin will give to it members rather than the the government being the sole controller of it and in that case they  turn to schedule a lotof indescrepant claims on bitcoin as a way of aiding bad things rather than looking at the good side. Irrespective of thies claims on bitcoin, we have all witnessed what these traditional or national currencies are capable of doing but yet most countries are not worried about that but only bitcoin. And for me i know as most government start to change their mind the change will affect them so. For every good thing comes with a price and we will get there soon.

The basic reason why some country's government are trying their possible best to stop Bitcoin is that, they do not understand the purpose and the principles  behind how Bitcoin operates. When people lack understanding for a particular thing, they either try to prevent the progress of it or spread false speculation about it.

certainly in a government knows what bitcoin is and what bitcoin goals are like, what they don't know is how to regulate and control it for safety and loss of crime, which is difficult for the government so many governments try to stop bitcoin.

they see bitcoin as a real threat that the government continues to oppose it.
but they never want to learn and want to know what the benefits of bitcoin are themselves even though there are already countries that legalize them.

It's something to do with the decentralization where the lack of central authority is the primary reason governments are afraid of the cryptocurrency. If you are a government you want people to use your government issued money, not any alternative currency. How can you keep track of everyone's money if they aren't using yours. If you are a bank you don't want people to use any other way to store, earn, or use their hard earned funds. However, I also think that government should take a little while to study the concept, be open to this new kind of innovation, and see the good sides of it.

For me the government is too negative about Bitcoin, which all know that bitcoin is an investment for the general public, so many people invest in bitcoin reason, no taxation, the process is easy, the profits are good, the government prohibits bitcoin. for me the government does not have to prohibit bitcoin from developing bitcoin into the biggest state asset.

well many countries try to stop bitcoin because they feel it is a risk as people can get to loose their money and this may lead to suicide or something bad. other government try to stop it because they can not control it and government normally does not like anything they can not control

Its true, a country can not prohibit bitcoin because its decentralized cryptocurrency and government dont have regulation on bitcoin. Many government put bitcoin in grey area, can not used as currency in merchant but allowed trade in local exchanger.

 It is the Regulation issues on Crypto Currency Digital Transaction, the effects on main stream market, the fear on Scammer, Money Laundering, and the possibility of using Crypto Market on payment/ transaction on Drugs. These just a few indicators that being confonted by crypto on glabal acceptance by the government.

Yes, there are many countries to prevent Bitcoin and altcoin for various reasons. They think that Bitcoin and crypto enhances money laundering, illegal ways of  using money like terrorist activities. Bitcoin transactions is peer to peer transaction and it is decentralized. Government has no control over this transactions and they don't get any taxes from it. They think investment in crypto is very risky and hackable so they aware their people not to invest in Bitcoin and crypto. There are some reasons too.

yes you are right, that crime is feared by the government if it legalizes bitcoin because bitcoin can be used by anyone and in any form. yes indeed when we talk about crypto, the risk will always be there. there is no risk in this world, all at risk.

Most country in the world not like about bitcoin and trying to stop. But government can not stop bitcoin because its decentralized. Most government dont like bitcoin because its decentralized and they reason is bitcoin used for criminal activity.

Government dont like cryptocurrency because it is decentralised so it is not controllable and they cannot access the records. You cannot find the users behind the transactions so illegal activity is happening lot. They cannot manipulate bitcoin price like they do with fiat currency.

They see him as a threat. After all, if bitcoin is accepted as a means of payment everywhere, it can jeopardize the use of Fiat money. No state needs this, so many countries want to ban bitcoin.

Perhaps due to the fact that there were several cases of fraud with bitcoin now some States see it as a threat. However, this is wrong and biased.

maybe many people misinterpret bitcoin as gambling or something else. and difficult for ordinary people to understand. and very complicated to invest. so the government banned circulating bitcoin. and

There are really countries that are against to bitcoin, the reasons are: its anonymity, decentralized and its unstable price. The bitcoin can use by anyone and the transaction is anonymous. Governments are aware that even criminals can use bitcoin in their illegal ways.

Every country has their own reason why the Dont wana let cryptocurrency specially bitcoin to enter their economy,first reason is the corruption in which will surely stopped because of the decentralization system cryptocurrency has
Second the opportunity of criminality to grow because of the anonymity crypto has,though even without bitcoin still these criminals continuously creating violence in the workd

Good material mate. I think besides the control aspect, many governments are not trusting the crypto currency market and its assets because of its unreliability and volatility. I mean, a government is there to safeguard the interest of its people, thus, if they see investments that would affect their citizenry for the worse, they would try to stop and avoid it from flourishing, which in turn, would save their people from the imminent failed investments and money loss.

countries government try to stop use of bitcoin because they feel its volatile and may lead to their citizens loosing money which could lead to some of them commiting suicide. some country also try to stop bitcoin because they feel it is something they have no control over and for sure government fight anything they cannot control

Money laundering, terrorist funding, buying of weapons and illegal drugs are some reasons why government in respective countries started to stop using Bitcoin but not all of them prohibit the use of it because there are still a lot of countries that accepts Bitcoin as a mode of payment though they implement a regulation on local exchanges. Some countries that ban or prohibit the use of Bitcoin are now taking steps to adopt it.

I guess if the problem is just what you say then it's the easiest thing to solve. Every bitcoin user or investor who comprehend about investment in bitcoin they can provide an education to people who are interested on bitcoin, they can create a community or create a class to talk about how to invest in bitcoin. Everyone who just know bitcoin will be interested in investing in it, many people will get huge profits from investing in bitcoin. For a place of investment that promises, I think bitcoin is one of them, but with many notes, every investor must be able to manage their emotions, their greed and other negative things.

There is always those fears of losing economically. I heard too many times when a government officials go out of our country for a vacation, critics would be there saying he or she is just wasting the governments money. By simply analyzing this little instance of expenditure I would say that with bitcoin you can do just the same. You may not be moving out, but you can buy things online using bitcoin or transfer mo ey using bitcoin so that it means you can use your available money to spend for something which is out of your country and this if done by volume can be a loss to your economy. But on the other side, you can gain as well if too many comes in and less money goes out using bitcoin. Other reasons include the use of bitcoin for criminal activities which I don't have first hand data though it is just what I heard about. Whether whatever reasons there is, bitcoin still wonderful and should not be blamed for any misuse. Its the people who use it that makes it bad or good.

Well, honestly I am also one of those crypto users here still wondering why government are keep on stopping the Bitcoin crypto currency. But I have a little gasp of it that government not want to stop it but want to have control over it. And thanks to the country I am oiving because the government are not stopping or banning the use of it.

The most reason why the governments were trying to stop bitcoin is that they cannot control bitcoin and they cannot even touch it. They only can see the transaction is made in every second and it show thousand transaction that getting confirming one by one. But if they can accept bitcoin and cryptocurrency, I think it will gives benefits to them and I think they can find the benefits by searching and reading on the blockchain technology whitepaper so they can have an idea how to implement the blockchain to their system.

Well I think it best suits if we say, the government are just trying to have control over it and not to stop it. Honestly, I am satisfied how Bitcoin works as it is now, being a decentralized one and as an anonymous user.

I think many governments are afraid of losing power over the economy if bitcoin is allowed to be used. That's my opinion.

Many countries are afraid of the latest technology development as they find it difficult to adapt with, as a result the work against it as they believed it will affect their economy negatively by promoting fraud since the system is decentralized. However, those who understand and know the value of blockchain technology are coming in to accept it and I believed with time we all see it through the positive aspect.

You have a point too.It does not mean that governments want to stop bitcoin in the first place.It's their own way of controlling bitcoin just like with fiat currency.Aside from this,the government is really thinking that bitcoin brings a lot of scam and that people should be more careful about it.

All are surprised - the course falls, the reptile falls. But in fact - this is understandable. When the banking system realized how much money it was losing because of cryptocurrency, the work started. In fact, for all positives, the cue ball will be equal to 1 dollar, or even lower. Debugging time until 2020 ...

The only thing that you need to do in order to know the answer to that question is to think a little bit about it, governments and banks have a monopoly when it comes to printing currency so they can do whatever they want with it and people have to accept it, and as you know monopolies are very damaging for the general public because it means they do not have a choice when it comes to selecting a product or a service.

So what those institutions fear the most is competition, and for the first time in a very long time it has appeared a competitor that they cannot control and that is why they are thinking about all kind of excuses so they do not have to accept it.

Countries think that it could be illegally used and do not want to create a threat to the economy as people would get scammed or use it wrongly. They also fear that their banks and national currency could fall under threat if everyone used this currency.

Bitcoin and all the other cryptocurrencies tend to offer freedom with the use of money to almost everybody and also charge very low transactional fees unlike the ones that are paid through central banks. The government is likely to lose huge amounts of taxes if bitcoin and cryptocurrencies are accepted to be used as payment for transactions.

We still use fiats whenever we buy a crypto so we still pay taxes and government still always earns an  income  .  they only want to stop bitcoin maybe for other reasons  but nowadays almost all countries are now legalizing cryptocurrencies  . only few were restricting it but soon they will always allow it because they dont wanna get left behind on what is the latest trend  today   .

It is sometimes scary when one realize the size of people joining the space even as bear market progresses. They need more than what they are doing now to discourage and control the news but I dont doubt if financial institutions and politicians are involved.

The main reason for the existence of a government that prohibits the use of bitcoin is because bitcoin has so fast price fluctuations that if it is not controlled in large numbers it can create economic chaos in the country. so actually that's why we need regulation. with the regulation, the movement and development of bitcoin can be more stable and even the government can make a rule that can maintain a situation like this.

Its just simple they see Bitcoin as  a threat to their traditional currency and also looking at how far crypto is going if nothing is done to halt or unstable it will just overshadow and make many traditional currency less valuable.

All i can say is that they can't ignore this new technology that keeps on evolving everyday. What they did today will not going to stop it in the future, they will end up accepting it with new regulations. Some were just aware of the rampant scam complaints that they were receiving and these people keeps using crypto-currency a bad image.

I think bitcoin not good to be a substitute due to the unstable price of Bitcoin, but for Assets like gold is Okay. To prevent money laundry I think is not a good reason, money laundry still can do with alts and you know the Internet is free, no one can stop it, even illegal using your bank/credit card but you can trade your gift card or something

i think any transparent government will throw it support behind bitcoin, the main reason why most government are scared of bitcoin is due to the transparent and decentralized nature of bitcoin, so starching money in foreign accounts will become traceable through bitcoin. This is what the government doesn't want. They fear that adopting bitcoin will eliminate corrupt practices.

almost all you say? even my country does not have a specific regulation on crypto, some neighboring countries have not yet determined response about crypto. only a few countries take tax from bitcoin, some countries forbid because they are afraid of possible losses because crypto is used for illegal activities..

a factor that our government does not want bitcoin is because of the terrorism that should not happen and because it does not have taxes. but at this time the people who knows bitcoin is more increase, because they know that it has a potential for the treasure.

simple, government fear anything that promises freedom, and anything that they can't control.

I think there are only few countries that are against bitcoin and other cryptocurrencies. They believe that bitcoin is threat to their economy and they might have also monetary laws that bans a certain kind of currency while other nations are not prepared to allow this kind of currency. But this anti bitcoin sentiments might change later when a government studies cryptocurrencies and take a necessary steps before accepting the virtual currencies.

Firstly, the history of Bitcoin is not long enough to ensure we have abundant knowledge about it, cryptocurrency itself and the market is too fickle and volatile, to some degree, which means great dangerous. Government must ensure steadliness and security.

As the other guys had thought on their replies that bitcoin were being used abusively and it intentions or purpose was not being utilized. Bitcoins were being drag many times with scam activities were people use bitcoin to scam other, use bitcoin as money laundering and even transaction for illegal activities. This is why other countries hate bitcoin so others haf made some step to regulate bitcoin to minimize or to prevent this happenings.

I would call the first reason the fact that crypto in many countries are out of law, that means there is no just such subject there and all exchange in crypto is impossible or out of law by this conditions. As I see such countries do not hurry to change something in the law's base to make crypto acceptable and legal. I think they are simply waiting to see an experience of other countries in that point, and in the case of positive usage I believe they may change something to not skip all advantages that crypto gives.

The main reason is the fear of these countries about the volatility and uncertainty of the digital currency. In addition, as quoted from bitcoinbans.com, another reason is the fear that digital currencies will be used as financing for terrorism.

I wouldn't say that governments are trying to stop or ban Bitcoin but they are trying to regulate it. In order for Bitcoin and other cryptocurrencies to become part of financial system and accepted by businesses they should be legaly regulated. The main thing that bothers governments when it comes to Bitcoin is lack of control and because of that they feel threathend. They are also responsible for their countries and wouldn't like Bitcoin to.be used for illegal purposes or financing terrorism so I think this is very complex issue and government are not necessary the enemies of Bitcoin.

They didn't even start making these advances at regulating bitcoin just yesterday but its been there since Adam but they haven't suceeded and i don't think they will because terrorism has been in existence for a long time and there was no bitcoin so it means fiat currencies can the same way be used to sponsor such terrible acts so we shouldn't single out bitcoin alone.

most of the reasons the government stops bitcoin because bitcoin has the potential for crime, besides that the government also cannot control the circulation of Bitcoin.

Tax evading, money laundering and ofcourse it's a decentralized currency, that's why.

Yes, some bad sectors have used bitcoin for fraud, and many people have become victims then complain to the government, which is a very headache for governments of countries, and everything has not stopped, underground organizations and forces constantly use bitcoin to launder money and illegally trade. And with such troubles, the government is forced to find ways to stop bitcoin, the government really doesn't want to ban it, what they want is to limit the number of people who participate in bitcoin, they don't want Bitcoin to create more troublesome problems and cause chaos for society

This has been tackled for how many times,but still the answer is not clear because every counthas their own reason in each issues.

But for me the main reason is being afraid for the effect crypto might bring to themnd their economy,lots of scams and illegal issues thrown to crypto community so this maybe the main reason for than

The reason why countries oppose the technology of bitcoin or blockchain is quite clear. They have always been cautious about the formations that governments cannot control. They will continue to act.

One of the main reason why some or most of the country are trying to stop it, probably, because of of its unique features which bitcoin has and its decentralization of course, were each government of the country has no capability to control over it, due to it is unregulated business industry in my opinion on this matter anyway.

Another reason is.... their own currencies aren't stable and they can barely control them.

The first reason for that they don't want to lose their authority to issue money on the market. Issuing money is the most profitable business on the world. You take some paper and materials and you convert them into something valuable. If number of currencies on the market is increrased and some of newcomers like bitcoin get more attention, their currencies are not preferred on the market and it will cause a drop on the value of theirs.

they are concerned that the circulation of money outside their monitoring will cause massive inflation, but actually this can be handled appropriately if the government is able to make very clear regulations.

The most sensitive is that until now they were unable to make it. So it's clear that their fears are getting stronger because bitcoin is growing rapidly in their country.

Bitcoin is a digital currency and no governments can't track the transactions identity perfectly! Besides this, bitcoin is totally tax-free so they think bitcoin is not helpful for the country! Especially, many countries in Asia have banned bitcoin, otherwise, most of the countries are endorsing bitcoin!

for now there are not too many because some governments in various countries have started to see bitcoin and the technology that is owned by bitcoin so I am sure for sure someday all countries and their governments will receive bitcoin payments and circulation.

Many country have stop and banned bitcoin as transaction and investing, they have doing it because many their people have lost much money with buying at higher price and bitcoin really at lower price now.

They want it to be highly regualated. Bitcoin always getting associated with money laundering by non-supporters and it really happens so that issue is like the tall wall that keeps other countries to reach bitcoin to make adoption happen.

We all know that government rely on tax to execute most of it's electoral campaigns, now with bitcoin transactions where anonymity is the order of the day, the government is unable to generate revenue through taxes, because bitcoin transactions are not traceable. If this kind of transactions becomes generally adopted, this will mean that tax will be abolish. That's why the government is trying to stop bitcoin or bring it under it's regulations.