Why in some countries Bitcoin is banned

[kostya.ash]

yeah i don't know why some country ilegally bitcoin?
including my country,
they mentioned that bitcoin is money illegally

[bank of bits]

Per example you can buy illegal stuff.

That is why is banned for some countries.

The reason does not make sense, because we can buy illegal goods with dollars?

[afriezalie]

Because bitcoin is decentralized, so government can't control bitcoin users in their own country. There are many criminals use bitcoin for their alternative way and government can't even find him.

The other thing is government is afraid of bitcoin because in one day bitcoin can replace FIAT as alternative currency.

[Mickeyb]

what?what country is that?
in my country bitcoin is legal but has not been uncommon for use and not many people know bitcoin

There were rumors that Taiwan has banned Bitcoin. Yesterday, regulators of this country have denied this! Of course they haven't said will they ban it in the future!

I think that no country in the world has banned Bitcoin officially until now!

[ultimatesky]

Because the goverment doesn't have any control over bitcoin

They don't accept it as actual money because it's virtual money which you can't hold on to

[aakashsangwan]

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

I think, because the government cannot regulate and control it and they are technically orthodox.Also in the recent past there were many incidents where bitcoin was used illegally like in madison hack, silk road and many more.After some years i think those government will start trusting bitcoin and other blockchain currencies.

[Amph]

Because the goverment doesn't have any control over bitcoin

They don't accept it as actual money because it's virtual money which you can't hold on to

they have still a reason tot ax it instead of banning, it and retrieve some possible money

so why they are banning it? there is no real gain in banning in comparison to accepting it

[eddie13]

They are afraid of the competition..

[richardsNY]

They are afraid of the competition..

It's not really the competition they are affraid of. They don't want people to have the freedom to spend their coins on anything they want. Beside that, Bitcoin is also feared by certain countries because it makes it easy for people to get money out of their country to another country where they think it's safer. Countries that ban Bitcoin are affraid of freedom. That's it.

[harizen]

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

I think, because the government cannot regulate and control it and they are technically orthodox.Also in the recent past there were many incidents where bitcoin was used illegally like in madison hack, silk road and many more.After some years i think those government will start trusting bitcoin and other blockchain currencies.

Here in my country, bitcoin is not yet regulated by our Central Bank but we are freely to use bitcoin here.

Main reason is that they are still conducting a research about those illegal activities that can be brought by bitcoin if ever it will regulated. Anyways, even they have a solution for that problem, still if majority of other country will still not regulated bitcoin in their local banks, our country I think will do the same.

[Dr.Osh]

perhaps because of the many errors in using bitcoin. maybe in the country so many use bitcoin illegally causing bitcoin be forbidden in the country

[jc01480]

The government will let you know what is safe for you.  No need for independent thought.   

[oblivi]

They are afraid of the competition..

It's not really the competition they are affraid of. They don't want people to have the freedom to spend their coins on anything they want. Beside that, Bitcoin is also feared by certain countries because it makes it easy for people to get money out of their country to another country where they think it's safer. Countries that ban Bitcoin are affraid of freedom. That's it.

They are affraid of money laundering and basically lack of control of the monetary dynamics. Honestly I understand it, if I was the goverment I would be pretty pissed off too at the fact there is a tool now that basically allows for a completely independent economy that is not part of the GBP.

[Betwrong]

They are afraid of the competition..

It's not really the competition they are affraid of. They don't want people to have the freedom to spend their coins on anything they want. Beside that, Bitcoin is also feared by certain countries because it makes it easy for people to get money out of their country to another country where they think it's safer. Countries that ban Bitcoin are affraid of freedom. That's it.

They are affraid of money laundering and basically lack of control of the monetary dynamics. Honestly I understand it, if I was the goverment I would be pretty pissed off too at the fact there is a tool now that basically allows for a completely independent economy that is not part of the GBP.

I absolutely agree with this approach to the problem. If we consider the enemies of Bitcoin as our enemies then to defeat them we should try to understand them.

[nerFohanzo]

Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money

Yeah, the main issue bitcoin is facing is that it is not getting support from the Governments of the respective countries, As Governments knows that bitcoins can demolish the existence of fiat and banking systems and bitcoin is decentralised and Government don't have any control over the functioning of bitcoins So they don't wish to stand in support of bitcoins.

[JeWay]

Because the government afraid of the Power of Bitcoin

[LuckyYOU]

Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money

For Russia this is true, but I think a lot of companies just don't understand the concept of bitcoin and thus hearing it as a criminal currency making them afraid and just ban it.

[kostya.ash]

Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money

For Russia this is true, but I think a lot of companies just don't understand the concept of bitcoin and thus hearing it as a criminal currency making them afraid and just ban it.

yeah Russia’s Ministry of Finance is hoping to pass a law to ban bitcoin
image of bitcoin is bad,
how to keep the image of bitcoin could be improved?

[BeGoods]

In Canada and America, we are greatly facilitated in using bitcoin,
unlike china, they banned bitcoin

[mayax]

Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money

For Russia this is true, but I think a lot of companies just don't understand the concept of bitcoin and thus hearing it as a criminal currency making them afraid and just ban it.

yeah Russia’s Ministry of Finance is hoping to pass a law to ban bitcoin
image of bitcoin is bad,
how to keep the image of bitcoin could be improved?

by not using it

These days, Bitcoin is called a "way for funding terrorist". You will see many banks who will close all the acc. realated with Bitcoin.