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Bangladesh, Domican Republic,  Bolivia, Nepal, Ghana,  Algeria and a host of other nations seems not to understand the times and seasons as regards world changing currency BTC, despite being accepted in most part of the world.

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I personally think more awareness about  the benefits of trading with cryptocurrencies needs to be created particularly in nations where there are restrictions and banned on cryptocurrencies and also it should  be made more simple for easy use no matter the level of one  literacy. More work is needed. What are your thoughts?

I believe these countries understand what Bitcoin is, it is that the leader does not think that adopting Bitcoin will help them to improve their country.  It is a matter of the leaders belief for a country to implement something new.  Maybe they have more important things in mind that they think will have a better effect and improvement if implemented first than accepting Bitcoin. 

Whatever the reason these countries ignore or worst ban Bitcoin because they see this as a threat to their citizen fund's safety or possibly they do not have the technology and knowledge to directly take advantage of the opportunities Bitcoin offers.  But mostly I believe the government does not want to spend resources to an entity that they can not have full control.

Bitcoin can not be totally restricted in a country.

Let us take gambling as an example. Did you know that people in the countries that gambling is banned are still gambling? Take cryptocurrencies like that.

There are some countries that did not totally ban bitcoin. Let me use Ghana for example:


But individual can trade bitcoin and other crypto.

Fix the URL. It supposed to be https://

More awareness should be made in the country that cryptocurrencies are banned? What you said is contradictory.

Some of the countries you mentioned are not doing so badly compared to other countries who do use BTC or have adopted the Blockchain idea.
Why cryptocurrency or the emergence and use of BTC is gaining customers, is due to the fact the government is doing well in doing nothing to ease the inflationary taxes and purchasing power.

While there are worse countries that don't listen to the outside world that Bitcoin won't harm them and their people, they just don't want to try something new even if there will be a raise of awareness into their regions. That's why you see the division of many countries because they believe to their only policies which they think is enough to compete against the other nations. But let us just put it this way, while many countries are very optimistic with the adoption of Bitcoin, making it as a legal tender or they have nothing against it so people are free to use it. We can't just change the fact that even with the positive progress in many countries that have adopted it, there will always go with the traditional believe and likely remain to be just as the hermit kingdom and not open on it.

Every countrymen is well aware of bitcoin and are much into it through some means. Among the mentioned countries, Bangladesh and Nepal governments were against cryptocurrency. They fear that this could serve as a threat to their economy. This is wrong prediction from government, and teams can you be organised to understand the goodness. Bangladesh have gone one step above to ban and arrest people if they're found to hold cryptocurrencies. Beyond this people continue to use reaching India. Amidst all the good about bitcoin, the usage continues through some means. However the legal adoption and regulated usage could let users have a better usage access.

I would say it mostly has to do with bad politicians who pass Draconian policies upon their Citizens. The biggest fear of politicians or rulers is losing power to the people, including losing a grip of the financial control, so they end up scaring people to stay away from using Bitcoin, which gives financial power back to the people.

With good laws, I have very high faith that even in the most remote or less developed Country, people will still find away of learning how to use Bitcoin and perhaps teach others too without having fear about the repercussions of getting caught.

How did you gather your information that led you to think the way you do? Let me use Nigeria as an example. There are a lot of crypto enthusiasts both here in the forum and outside the forum who are secretly making a living through crypto trading and other crypto activities. If they don't tell you, you will never know. They have studied the market and learned the importance of getting involved in trading.
 
Just like a member pointed out above, the problem is not entirely on the citizen, but how the citizen shows their concern or reacts towards crypto depends on the kind of response they might get from their country's government and regulatory bodies. If it's an entirely crypto-friendly country, then their crypto adoption number will be shown, and most people will publicly showcase their involvement in it. If the government can also render some level of support for those who are willing to learn, then the number will also extensively increase, and that could do a lot of good in terms of empowering those that might benefit from it.

Developing countries have much bigger problems. Let alone having a fast internet, there are countries with cities that don't have proper infrastructure. In some countries, people have difficulty even accessing clean water. You can't tell these people about Bitcoin. Unfortunately, not everyone lives in the same age.

There are still very bad living conditions in many developing countries, in third world. No discrimination but it is fact around the world and geopolitical issues contribute a lot for poor developments in those nations.

Education can help a lot as with better knowledge, they can find better jobs and exit those locations but to change a whole nation, it needs more resources and inputs from local citizens. Most important is a society, in which politics is important, to give citizens a good environment to contribute. To have it, at least people must have laws to respect and protect basic human rights. Without it, it's very hard to see big changes in those nations.

Are you trying to say that those bans are there because people don't understand the benefits of trading crypto? I doubt that's the case. I believe governments know to some extent how crypto trading works. If you take a look at those regulations, the key reason is because of volatility and how it can undermine fiat as a national currency. Telling them that people can make 50% or 10x more wealth by selling BTC is not gonna help if 90% of traders lose their money. I don't think you should push that narrative if what you aim for is adoption to begin with. It is not sustainable and will likely make crypto being associated with scams or ponzi even if those are nonsense.

Some countries where the state controls everything are very slow and less flexible when making amendments to the laws and are quick to prevent anything new, but with the passage of time and more countries accepting this technology, the adoption of Bitcoin globally will be rapid, if the G20 countries, for example, use Bitcoin in commercial transactions, Within less than 4 years, 70% of the world’s countries will do that.

I am not as optimistic as you, but what I do think is that as bitcoin continues to become normalised around the world, these countries will be forced to legalise it. At the end of the day, buying bitcoin is like buying shares and it is not so dangerous for local currencies because if they are weak, people who can already save in other currencies, such as the dollar, bitcoin is just an extra option.

From a national perspective, I think there are no obstacles. The truth is that awareness and access to opportunities still take time. Similar to the story of the internet, there are still many places that are inaccessible to many people. Still don't know what it is and how to use it.

Maybe somewhere scientific technology is developing rapidly, but besides that the imbalance has not yet been able to cover the existing knowledge, I have also come across some great ideas from this very forum about teaching related to this field (only purely theoretical, due to conditions).

For the economies of many poor countries, the truth is that they are not ready to prepare for these new things, economic problems leave them without enough opportunities, humanitarian organizations or economic support... still working, small actions from individuals I think are commendable to help others.

What about the Africans that lack of clean water and food? it's a basic need and yet they still not able to fulfill until now, will you want to donate all of your money to build an infrastructure in African countries? I believe no.

If those people are really interested with Bitcoin and they have a good financial, they can buy it through no KYC P2P or decentralized exchange, nothing is impossible.

Yes, you have a clear point. Let's imagine that some of us are living in an undeveloped country that is trying to grow. As a Bitcoin investor, we will have a network challenge and a light challenge as well.

In those countries, I don't think there should be proper Bitcoin miners. They will lose their money because of no good network and light. In those countries, things can be too expensive and the cost of living will be very hard even if you have the money.

The country may be improved, but the massive use of cryptocurrencies will undermine the power of those who rule the country. This is one of the best reasons. Others I simply don’t want to take into account, since they are more secondary than major.
So who is talking about the government spending its resources on something? It is enough to allow cryptocurrencies at a legal level and that is enough, but even such steps are not being taken. It's all about the banal fear of losing power.
P.S.
You can also add the Russian Federation to this list.

I've always been an advocate for this, there is more work that needs to be done especially in developing countries in terms of awareness about bitcoin and cryptocurrency evolution.

We understand the leader of this countries are the serious bottleneck's that have refused to accept cryptocurrency because they know that the people will be liberated financially once bitcoin is adopted.

I believe with time, the awareness will continue to spread to this countries and the citizens will come to understand More about this evolution especially within the young generation.
I will advise the citizens to learn how to do things on their own without waiting for their government.

Maybe they still need to think about investing, especially in bitcoin.
They will care more about how they can survive all their challenges and difficulties.
If they can survive everything and have a better life, then they will think about having an investment, in this case investing in bitcoin.
There is still a lot that needs to be done, especially by the governments of each developing country, and it must be completed one by one and it takes time.
But it's possible that several people from each developing country already have bitcoin investments, we just don't know for sure.

These countries lack in mordern infrastructure and are part of third world countries. The government are aware of Bitcoin but do not want thier citizens to venture into it. The main reason they want to keep a tight control on them. Another reason the rich want to stay rich. Those rich fund thier government to keep Bitcoin away from a common civilian. That is the reason they have either banned Bitcoin or have strict laws. Even after doing so much against Bitcoin we would find many citizens indulging in Bitcoin related activities. The government still doesn't understand that Bitcoin is currency that cannot be stopped by local laws

More work? After mainstream appearance of Bitcoin a lot of this have been changing and countries are becoming more lenient about it. Still you are just one person who can make a difference in your community not your entire country. So start there are work with the adoption of crypto is local people are interested in it. You don't want to drag the legal problems in and get yourself into trouble either.

With a government being backward in evolution individuals have smaller roles but as more countries come in the accepting stance these countries will also chang their position. We need to keep that hope up and continue to generate more buzz about crypto.

You just mentioned the countries that are into Bitcoin investments even more, just because there is not much data to prove this claim doesn't mean I am wrong, where there is much struggles happening, Bitcoin and crypto interaction is not going to be scarce in such country.

Bangladesh people are into airdrops, bounties, crypto investment, and even crypto trading, and it's the same with many countries that aren't as big as the America or united Kingdom, I am somewhat within Africa, and Bitcoin just seems like a way to get out of poverty, in my country many people have escaped poverty because of Bitcoin.

The governments of these countries might ban crypto, it has happened in my country before, but it still won't stop people who are looking for a way to break free from poverty, believe me, these countries understand what Bitcoin is.

The government is strictly against Bitcoins because they cannot control it. Bitcoins decentralised nature provides features that it cannot be controlled by any governing body or organisation. As they cannot control the coin, so they won’t be able to impose tax on it also. This is the main reason for which they are not making Bitcoins legal. But people still using the coin and cashing it out through P2P deals. So government still not able to do anything.

There are other reasons why a country is set back and I think that thinking that bitcoin is a major cause of them is kind of stupid. One good example would probably be war, famine or even a corrupt regime. Bitcoin is just a small drop if you compare it to ocean which is the problem that a country faces that causes it to set back.

One of the big reasons why some countries seem are not interested with Bitcoin in particular and cryptocurrency in general is because they are thinking that crypto can be empowering people and the government will be gradually losing control on many things. Well, we could not blame them all because we in crypto can be thinking of the same thing, instead of just looking at cryptocurrency as just like any other assets like gold, stocks or commodities.

It's sad because some of these countries mentioned by OP are not authoritarian countries like North Korea, China, and Iran. But these countries are third-world or developing and it might need more years before they realize that bitcoin and crypto are part of the non-stop innovations that are happening. Crypto and bitcoin are decentralized but they can regulate it. Maybe it's the insecurities of the leaders and the beliefs that lead them to make a stand to continue controlling their citizens. They didn't know that being too strict and controlling can result in something bad in the long term. No wonder China is not following real communism and its rules will continue to change in the future depending on how they see things.

Is it though? Bitcoin adoption, despite what it may feel like, is still pretty small around the globe. A lot of people may have heard the name "Bitcoin" but a tiny fraction of them have ever bothered adopting it. This is exactly why bitcoin is currently priced at $25k instead of a million dollar.

First of all there is a different between using bitcoin and trading cryptocurrencies, the former is what we want and the later is not useful at all.
Secondly you have to first see why these handful of countries have banned bitcoin in first place then try to solve that reason and eradicate their concerns before the ban can be lifted. For example a country like Bangladesh doesn't have nearly enough surveillance capability like United States with its military organization called NSA to be able to fight illegal digital activities so it is understandable for Bangladesh to ban bitcoin but not US.

Their governments might not recognize BTC,  but I believe these guys still use cryptocurrencies as it's not easy to get ban ::)

Unfortunately awareness alone won't make it easy for regulation or acceptance, because like here you talking about trading and when it comes to trading bitcoin can easily distabilize one economy as its a currency too and to protect whats already there like bonds, investors, local currency  etc you need a government agency to regulate these securities ( whatever btc will deemed to be) tbh it's not that easy especially if the government is to be involved.

If it were up to me, I would rather let BTC run as a parallel currency/asset without really recognizing it as legal tender.

I don't understand what exactly these countries should understand and how Bitcoin should help them? If by some miracle tomorrow all these countries declare that Bitcoin is completely legal and also a legal tender, what would change in these countries in your opinion?

In addition, one of our members was recently in one of the countries you listed and bought BTC using an ATM, so everything is not as bad as it seems to you.


You can tell people about Bitcoin as much as you want, but if they don't have a job and a roof over their heads and can't put enough food on their table every day, and they don't even have the internet or only have it occasionally - what will they do with Bitcoin even if someone give it as a gift - maybe transfer it with the help of a carrier pigeon that would carry private keys instead of letters ::)

Well you can't expect every country would have a good economy, facilitation, internet connection, etc because each country has a different president, culture and resources. So if you live in where you can enjoy internet, you need to be happy and grateful because not everyone has a same situation like you.

Even they're have money and internet connection, the problem isn't they should invest in Bitcoin, but how to survive and learn about technology.

What in particular are the challenges with these countries you have mentioned, is it that they have the least numbers of bitcoin adoption globally or that they have banned bitcoin and cryptocurrency in their country, sometimes we only look at the success and achievements that bitcoin had within the it first fourteenth year, we cannot expect everyone to have been used to it that way or every to allow their government adopt it use like that without clearing their doubts about bitcoin first, there are also countries where bitcoin is made a legal digital currency the people were allowed to use aside El-Savador and Central African Republic where bitcoin is made a legal tender.

Most of those countries have awareness about the benefits of trading but a few of them also know the drawbacks of crypto-currencies. I don't think that awareness about crypto-currencies will solve the problem of those countries because we know that most of the crypto-currencies have turned out as scams. We should promote awareness regarding Bitcoin not any other crypto-currencies because only Bitcoin can solve the problems of those countries not other crypto-currencies.

Those countries that you mentioned won't be accepting Bitcoin because of their corrupt politicians because they somehow act that Bitcoin is harmful and they create fake stories to continue the ban on Bitcoin and its usage. Those countries will only adopt Bitcoin if the ones who control the main power of those countries allow Bitcoin to be used as a form of trading, and it will take a lot of time to see something like that. There are many other countries that aren't in favor of Bitcoin because of their corrupt system and they won't be adopting it any soon.

In the country where there is restrictions on bitcoin investment people cannot get awareness because the leader of a countries do not allow such type of seminars and programme that are planned for the purpose of bitcoin Awareness.

Every nation know very well about bitcoin investment but they are not ready to allow this because they think that this will effect the economy of their nations.
There may be another reason to not accept bitcoin but we don't know what the reason, we only can realize that they know everything about bitcoin but due to some reason they have banned it.

That's true to some extent because most of the people really wanted an option in which they want to pay tax instead of choosing an option in which they don't have to pay tax but have to use the BTC or perform related transactions in p2p with full care. Due to the ban on BTC by the government. And I am one of the people who prefer to choose the first option. Because the tax will definitely cut some of the money we have in BTC or in any other crypto token still we will be free to talk about it and will be free to openly say anything about cryptocurrency and its relevant technologies.

Even, I have seen, many bloggers being discouraged from making blogs on Crypto because the last time when they banned crypto they also banned more than 1400 websites that are directly related to crypto but most of those websites were performing exchanging feature. But the point remains the same, the bans should be lifted and the acceptance of tax is bearable but not the fear of ban from the country.

I don't want to get too political here, but this is a major problem with much of the eastern part of the globe.  I'm not saying the western part of the globe is necessarily better, but in many ways it is, and is much more progressive.  Progressive means progress and countries like China are anti-progression in many ways.  For example China has banned bitcoin, but created the "digital Yuan".  This shows that the government of China understands the value of cryptocurrency, but they don't like bitcoin because it takes control away from them. The digital Yuan is anything but decentralized.

I do have hope they will progress as time goes on.

The countries mentioned may not be taking a back seat from their perspective on BTC, but to refrain from following the crowd of countries who do, might be just the wisest thing to do. If the population is concentrated and the workforce rely on human capital to ensure it maintains a good nGDP annually, then the government would do everything including banning the adoption of all crypto related activities and some mobile features even just to prove a point.

You shouldn't also expect countries with less seriousness about tech advancement like these aforementioned countries, to jump into cryptocurrencies business now mostly as exchanges are under very strict regulators microscope for malpractices, hacks and laundering cases.

Bitcoin is not the only solution for a country's growth.  In fact, i do even think that at the current state of Bitcoin, it will only do little in terms of economic help. Using blockchain technology does not necessarily mean integrating Bitcoin economics into the country.  A government can use the blockchain technology concept but at the same time restrict the bitcoin market.

Remember adopting Bitcoin is not a live-and-die situation where one economy's life relies on the adoption of Bitcoin.  So I believe one can adopt the Bitcoin technology while pushing away its economic industry.

Perhaps it's their form of government not allowing their population to see the beauty of Bitcoin. For example, Bangladesh considers crypto currency as illegal, so how can the people be involved in crypto if their government is not allowing them?

I don't think though that we need to work on it, even in huge country such as India wherein the people are fighting for it and yet they can't do anything as their government opposes it.

https://www.indiatoday.in/cryptocurrency/story/rbi-gov-calls-for-an-outright-ban-on-cryptocurrency-as-union-budget-2023-approaches-2322146-2023-01-16

The basic concept of Blockchain technology is also utilized by China by creating its own Blockchain and banning crypto.
So there is no need to adopt Bitcoin.

Bitcoin itself is indeed the only solution for a country's economic growth, there are many other things that can build a country's economy.

Bitcoin is an anti-inflationary digital currency and certainly provides several advantages and has several disadvantages.
Countries that have fully adopted Bitcoin such as El Salvador already have their own research and already know what to do with Bitcoin adoption.

It is not easy to start bitcoin adoption for a country, as there is a lot to consider.

Rather than "more awareness about the benefits of trading with cryptocurrencies", it should plainly be about Bitcoin education for a start. I'm convinced that many people, leaders included, are not into Bitcoin simply because they haven't understood it well enough. The more you understand Bitcoin, the more you want it. Although when it comes to decisions of governments, there will always be a good amount of power play. It's possible the elite bankers and financers could prevail over a pro-Bitcoin president. But it will only be a matter of time before the leadership could no longer resist the demand of the people and be friendly toward Bitcoin.

You are right, actually, the authorities in our country have no knowledge about crypto, which isn't shocking. But the most famous and trusted influencer in our country has confirmed that when he started a campaign to unban crypto in the country and also try to make legal laws for the ones who wanted to mine BTC and even he was the first to make a hydra power mining platform for BTC. His name is Waqar zaka. The point is, in his videos, he has confessed that the authorities to which he has to agree on accepting the BTC or crypto sphere. Don't know anything about it?

He said they are old people sitting on chairs doing the work, without noticing the current trend that other countries or the modern world is adopting. All they care about is their 9 to 5 jobs. And I really respect their jobs and the work they are doing but these guys really need a break and they should take a glance at the current trends how the world is going and what adoptions they are making to be in the race. But no, if a thing is not understandable by our authorities then that thing is banned and can not be legalized. That's the sad but bitter truth.

I hope one day BTC will become legal and the ban will be eliminated from it in mine and other aforementioned countries.

PS: why did you share a link in the middle of a post, as it seems not relevant to your topic!

I think it's not the restrictions that are the main obstacle, but the main thing is that they don't fully understand and are still afraid of market volatility, in this case BTC, in the development of digital financial technology. Now. Here what must be explained about the risks and if they are ready for that is a new story apart from the advantages that exist in BTC itself as a digital currency pioneer at this time.

I'm pretty sure people of these nations would be aware of it, it's hard to not hear of it as long as you have TV and Internet.

In addition, it's usually the backward nations that thwart any new evolution, but they eventually keep up when they see other developed nation's positive outlook/regulations, regulations which developed nations are working to provide however not have been successful so far in creating that perfect one, once that happens, these developing nations will also adopt and possibly derive their own regulation from what these nations do.

I read somewhere here about Bangladesh and Algeria, both of them ban Bitcoin, but it does not seem that anyone has been imprisoned because of Bitcoin, and we can say that this ban is closer because taxes are zero and you do not need to report them to the authorities, and here I do not encourage doing any illegal work, but I say: Do not spend coins until they are legal.

Countries around the world will adopt Bitcoin after it succeeds, which means we have to wait a little.

Doesn't the government understand? It's funny, though. There is a great awareness of what Bitcoin is and what it represents. They just can’t do anything about it, since blockchain technology is beyond the current time and cannot be controlled by government agencies.
This will continue until a tool appears that can calculate the beneficiaries of transactions. It may already exist, but it is incredibly expensive and its use is irrational. Don’t think that at the very top there are complete idiots who don’t understand anything. Everything is fine with this.

It makes no sense for a single person on the government to not understand bitcoin and take decisions based on their misconceptions about it, what I mean is that the politicians of those countries know very well what bitcoin is about and they want none of it, and this is because they understand very well bitcoin gives back the power of money to the people, a power politicians stole long ago for their own benefit, and since they want to keep that power they prefer to ban bitcoin or at least to heavily restrict it.

Its odd that certain countries dont grasp this financial revolution message. In countries with unreliable banking systems, cryptocurrencies could be game-changers. Education is a must. In many locations, "Bitcoin" still makes people stare at each other (not positively). More knowledge helps people make healthy decisions. For those unfamiliar with crypto, it can like reading a philosophy book. You must simplify. Its not enough to offer crypto. Easy to understand is also required. There are many perplexing terms, such as "blockchain," "mining," and "wallets." Very easy to get lost.

Yes, more awareness is needed to know the benefits of crypto for them so they can start using crypto as an investment or a means of payment. And that requires a unique person or group to start introducing crypto to the people of these countries.

But it's best to let them decide how to use crypto and not force them to use it. Maybe the time is not yet right to introduce crypto in these countries, but I think some people already know Bitcoin even though they are still hiding it from others.

They also have to see the crypto status in their country so that when they use it, they will not experience any problems. And if it remains banned, people may not want to learn about crypto or even use it. So this also requires awareness from each government to allow its citizens to use crypto. So let's just wait for news from each country and hopefully, each country's government can allow its citizens to use crypto.

Sir you are a brilliant human, if everyone is living fine in a country, the government won't be happy about it, the more people are struggling and some are turning into poor people, the more the government will be happy.

I am from such country where the politicians don't care about the poor, all benefits coming from them are flowing into their own people, politicians like themselves, I can remember when a presidential candidate talked about bringing blockchain and bitcoin adoption to the country, though it was a promise, but I am very surprised that a 50+ years old man knew about blockchain perfectly.

But they never let him into that presidential sit, if truly he could do this it will help the country massively, but like you've said, the government won't be happy if people find a break through, it's why how to make money was never thought in school.

This isn't even just about bitcoin, we are talking about something that is true about everything in some countries. There are still some countries who do not understand the current world we live in. While some nations are improved and going much further and living in a much more developed way, some nations deny this and want to live with the old ways because they know it, and the unknown and the future seems to be a lot more important on the long run as well.

We need to end up doing something that would be a lot better, when will this end up being true and when they will take the future? I feel like the best one would be just realizing how you would end up in the future and get those future kids in power to do that.

I believe some countries can allow themselves to be restrictive or suspicious toward Bitcoin in case they are highly economically developed. That's because if they managed to get very successful without cryptos, it kind of makes sense to me that they don't want to risk changing their economies by adopting cryptos, as they have a lot to lose and don't really need the potential gains. But the countries the op mentions are not among them, these are countries that could use a boost and take a risk of becoming crypto-friendly. So I agree that it's a mistake for them not to adopt Bitcoin, and they'll likely feel left behind.

I am confident that all of these top countries are already aware of Bitcoin, and it is not something they will introduce to them. I believe that the countries that have banned Bitcoin do not understand the benefits of using it. If the government understands the benefits that Bitcoin will bring to its citizens, he will not ban it. However, some governments have opposed Bitcoin because they do not have access or control over Bitcoin, because of is volatile am very sure one day all this country that banned Bitcoin will approve it one day and Bitcoin will be the best investment all over the world.

It is their loss. We can’t do anything about it. Some people (or governments) just don’t want to be saved. Bitcoin doesn’t care whether they adopt bitcoin or not. Maybe they will come around when btc hits a new ath and goes above $100k… This happened many times before. Many btc haters became bitcoin supporters when they experience how bitcoin performed. If I am not wrong, Michael Saylor used to be a btc hater too and then he became a huge btc supporter. If people can change their views on crypto, countries can do it too.

I am from Bangladesh. It is one of the misfortunate countries where Bitcoin is banned. From my point of view, Bitcoin could open up many possibilities that could help the country. But the government is so ignorant that after knowing everything, they will never accept Bitcoin or legalize it. We just want to use our Bitcoin freely. No restriction! That's all we want.

But the government will say as always, that Bitcoin is something that is used for illegal activities and only the criminals are using it for their advantage. Like WTF! They use money too. Ban money too! what's stopping them?

It is absolutely certain that our government authorities do not have the slightest awareness of cryptocurrency. Above all, the proof of this is that the developed countries of the whole world are ending the financial crisis by using cryptocurrency, while the authorities of our countries see cryptocurrency from the perspective of being unstable and ruining the financial status. When not adopting cryptocurrency is a requirement of ignorance for these authorities, if these people had even a little knowledge of how profitable it is for society, they would also be supporters of facilities like Bitcoin, financial freedom, and immutable, incorruptible value stores. Bitcoin's one small disadvantage should not negate all of its advantages. Rather, it is important to think about how to understand and adopt it for the best financial establishment instead of applying restrictions and bans.

Well you can't possibly think everyone and every nation will accept bitcoin, even bitcoin has proven it's worth tons of time over the years many people will still just think opposite of the current benefits of having or operating with bitcoin. Well as for my country and bitcoin it was also a case of cat and rat but I thank GOD the new adminstration has actually given a green light towards the use of bitcoin and other crypto assets so instead of banning bitcoin they are actually now thinking of tasking it's transaction.

Maybe the government has started studying Bitcoin before allowing citizens to use it. This is done so that the government can benefit from using Bitcoin for themselves and their citizens.

So if the government doesn't know the benefits, they won't allow their citizens to use Bitcoin even though they can't ban it completely. But I'm also sure that countries that ban Bitcoin will eventually agree to it and it's only a matter of time.

So for now, we should wait for news from these countries. The government may still be busy with domestic problems so it hasn't allowed the use of Bitcoin.

A painfully familiar picture. In my country, the situation is exactly the same, but this does not stop me from engaging in crypto. It is possible that under a different government the situation will radically change to the opposite. Be patient. Unless, of course, you are 70-90 years old)
Keep a low profile and try to do everything quietly so that you do not come under strict surveillance by government agencies. This could lead to dire consequences in the future. That's what I do. There is no need for me to shout at the top of my lungs that I can make transfers to another country using crypto projects or earn a small income. This is of no use. Let everything remain like this for some time.

I can pretty much relate to what you are trying to say. That is the beauty of Bitcoin. It gives you security and protects your privacy. And it is yours to use however you want as long as you keep it to yourself. Your key, your coin. Even with all these restrictions, we can still use Bitcoin if we want to. It's only a matter of how we use it.

There are many people here who use Bitcoin and you can see that if you go to the local section. Banned? so what? Bitcoin has the power and it also gives its power to its users. Until Bitcoin becomes legal here this is the only way we can use Bitcoin. I am sure one day it will be legalized here. That day is not that far away I guess. So till then we can accumulate as much as we can and maintaining a safe strategy we can continue to use it. But safety first.

Your thoughts on the benefits of cryptocurrencies and trying to provide suggestions to bring awareness to several countries that still reject and prohibit cryptocurrencies are good. But being aware of the authorities in several countries regarding matters related to cryptocurrency is not very easy because those who want to be aware are smart people and also have certain positions in their countries.

So something like that will always be difficult to do alone, because dealing with large crowds will not always be easy so there still needs to be other help from several parties who already believe in cryptocurrencies so that state parties who still don't believe in the benefits people from cryptocurrencies want to listen to it and make special considerations about it after they understand it very correctly and thoroughly.

Awareness is for the general public, and the bans and restrictions are put by the governments who are always well aware of everything they do these things deliberately because most of them find Bitcoin to be a threat to their traditional financial institutions since people will slowly convert their storage of wealth and savings from those institutions into Bitcoin and the governments don't want that to happen hence they are imposing bans and restrictions on it.

I'm pretty sure that in all those countries, people are very much interested in using Bitcoin, I can see a lot of people from Bangladesh on this forum who are still involved with cryptocurrencies despite their government being pretty strict regarding the ban they've imposed. So, it's not the ease of access of use that is stopping these nations, it's their governments.

There are two things I think are the problems here, one is that some countries have an understanding of the technology "Bitcoin" but I think are scared to adopt it because they can control it and in some cases are afraid of what it might do to their local fiat currency if they fully adopt it.

Using my country, for instance, when the government saw the increasing number of transactions involving crypto,  alongside the Naira was on a steady decline against the USD, They quickly placed a ban on crypto transactions in a way to frustrate and discourage participants from it, thinking it was a way to solve the problem.


while some countries are still studying Bitcoin and yet to make decisions and other set of countries don't even know the benefits it comes with, this is where I think Bitcoin education is hugely important and more awareness should be created.

I know some Ghanaians that are very interested in crypto-currency and definitely open about their enthusiasms on crypto-currency so I don't think those fact are correct


And also there are very few countries that has come out openly to say they accept Bitcoin even the very developed countries hasn't, we have country like Elsalvador and some major's of US cities who has taking the bold steps in that regards.

Well I believe crypto-currency was meant for individuals to take advantage of it, you do not completely need the government to spoon feed anything to you, I have come to discover that the government aren't as concerned about my interest than myself, what I may advice is that those who have knowledge about Crypto-currency should try to enlighten others around them who doesn't.

Countries lives behind the century. This is completely common thing, because big number of countries have never considered it as well as hadn't thought of regulating/legalizing its usage. Atleast some teams should have been organised to study whether there is need of bitcoin or not. This indicates the fear of the government, but the people of the same country have well understood about bitcoin and find loopholes to make use of it. In this way we were able to find good number of people from countries that had made outright ban on cryptocurrency.

Some of these thread names really give me eye cancer.  ;D

If you can't get it right please try to use google translate or something. That's better instead of fabricating this mess I think.

Anyway, of course the subject of this thread is still up to date since many countries for some reason don't believe or just straight up block cryptocurrencies.

I think they just want to keep the population in check and stay in control of finances. It's easier to control the masses if you control their habits and opportunities.

When paper currencies decrease in value, governments should defend their economies. Even though they seem opposed to Bitcoin, their response is based on a natural desire to keep things stable.

Understand that Bitcoin's decentralisation is like crossing new waters for many countries. A comprehensive prohibition, especially if hastily made, may not be the answer.

Its important that you brought up schooling. Knowing reduces fear. If there is a structured, widespread education campaign regarding Bitcoin, policymakers can better discuss its advantages and cons. Fear may become more manageable and beneficial with time and knowledge.

Well, Bitcoin is a Censorship Resistant, Permissionless and Unstoppable system that doesn't really count on the approval or disapproval of any country or person. It's always open for responsible freedom-loving people escaping tyranny anywhere in the world to be part of it. And it's built to protect them as long as they do not abuse/misuse the opportunity.

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If you are banned from using the central water supply system, dig a well, rely on rain or natural water supply. They can't be banned or censored.

I think this has to do with educating the public about cryptocurrencies as a whole. Perhaps majority of their population does not even know about the existence of BTC in the first place, which is why the demand to push for such change is aloof on the part of the government.

Though this may be the case, I do agree with your point that these countries must consider the potential and opportunities behind cryptocurrencies. Lots of people are missing out on learning about its concept which may be considered as a win-win situation for both.

I just hope that in the future, more countries would integrate cryptocurrencies on their financials and more countries would start to adapt it as an alternative payment method for their products/services.

IMO restricting Bitcoin and banning it in some countries doesn't necessarily mean that the government lacks advanced knowledge about Bitcoin. They might believe that implementing Bitcoin in the country could lead to financial problems especially if a large portion of the population adopts Bitcoin and uses the country's currency less.

There could be other reasons that I'm not aware of. But to be honest, if I could influence government decisions worldwide I would advocate for the widespread adoption of Bitcoin. This would allow people to use it without restrictions which could benefit both people and the Bitcoin itself.