Why in some countries Bitcoin is banned

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Why in some countries Bitcoin is banned is the accepting of Bitcoin by  websites and that are illegal .

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[unamis76]

Don't really get it what exactly are you trying to question, but Bitcoin use is frowned upon on several countries do to it's volatile nature and because it represents a threat to governments... Also, wrong section, this should probably be on Discussion

[LiteCoinGuy]

where is it banned in your opinion  ?

[smith coins]

I have seen a map showing in which countries is legal and illegal to use bitcoin.
I think that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin.
And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason.

[Amph]

banning bitcoin is like banning internet, not feasible, keeps using it no matter what crap they say like they put you in jail or stuff like that, the truth is that they cannot do shit

[xuan87]

Why in some countries Bitcoin is banned is the accepting of Bitcoin by  websites and that are illegal .

On my country, bitcoin doesn't have law but still illegal so it means that I'm using bitcoin will my own responsibility.
I think goverment thinks that bitcoin can't be own since we as user hold it's private key  or bitcoin provide anonymous transaction , that's why some countries ban bitcoin

[Fityan]

Maybe some country too afraid that bitcoin will uncontroled,and will replace their currency

[rinhunter]

to my knowledge, because bitcoin will interfere with fiat and most state that bitcoin smelling illegal goods

[AtheistAKASaneBrain]

A lot of counties see Bitcoin as the ultimate money laundering tool. If more and more people keep getting aware of its existence, they may all start working for Bitcoin under the table to not report any taxes, but for this more merchants would need to arise.

[~Bitcoin~]

BItcoin works anonymously which create two problems:
1. Bitcoin transaction is untraceble which make it heaven for criminals (as government think).
2. As governement can't track who get funds they can't get tax on those transactions.
There may be other reasons too.

But no any countries can't stop or shut down bitcoin network so that banned is only on doing exchange of bitcoin to local currency what i know till now.

[Shinpako09]

Maybe because bitcoin is anonymous. They can use it in illegal work without trace. So I think it will be hard for them to catch those people who are not doing good who doesn't have any trace.

[AncilVTwo]

Why in some countries Bitcoin is banned is the accepting of Bitcoin by  websites and that are illegal .

ive never really heard of that happening, but if i had to guess maybe cuz the country doesnt want the people to be using a different currency than the native one.

[btcnastia]

In our country BTC blocked because officials can not accept bribes in BTC.

[jerowacik]

because bitcoin are not clear also coupled with a very sharp fluctuations in bitcoin so some governments forbid it. The country is not ready.

[manselr]

BItcoin works anonymously which create two problems:
1. Bitcoin transaction is untraceble which make it heaven for criminals (as government think).
2. As governement can't track who get funds they can't get tax on those transactions.
There may be other reasons too.

But no any countries can't stop or shut down bitcoin network so that banned is only on doing exchange of bitcoin to local currency what i know till now.

Even tho its true that no country can effectively ban Bitcoin and nodes will keep existing and the network working, it would be a devastating hit towards mainstream adoption, because the average joe still pays attention to the mainstream media.

[Scream]

Why in some countries Bitcoin is banned is the accepting of Bitcoin by  websites and that are illegal .

im never hear county banned to  acces bitcoin website,
in my country, my goverment not banned bitcoin for transaction, but the bitcoin isn't legal payment because the bitcoin transaction have more chance to money loundry

i think some country banned bitcoin because they are scared if bitcoin change the bank system

[Blaze.]

Bitcoin cannot REALLY be banned, its P2P so they can't shut down one person and expect the whole network to go offline.

[teddy5145]

Why in some countries Bitcoin is banned is the accepting of Bitcoin by  websites and that are illegal .

im never hear county banned to  acces bitcoin website,
in my country, my goverment not banned bitcoin for transaction, but the bitcoin isn't legal payment because the bitcoin transaction have more chance to money loundry

i think some country banned bitcoin because they are scared if bitcoin change the bank system

Russia is planing to make a law that will prosecute everyone that is doing bitcoin transaction on Rusia

In my country Bitcoin isn't banned nor legalized
That mean you can use bitcoin for transaction but if you got scammed by it you can't ask government helps

[ranochigo]

Why in some countries Bitcoin is banned is the accepting of Bitcoin by  websites and that are illegal .

im never hear county banned to  acces bitcoin website,
in my country, my goverment not banned bitcoin for transaction, but the bitcoin isn't legal payment because the bitcoin transaction have more chance to money loundry

i think some country banned bitcoin because they are scared if bitcoin change the bank system

In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least.

[zidane]

but lately not a few countries to learn more about bitcoin
probably only a matter of time