Why in some countries Bitcoin is banned

[zivone]

It's banned because of security. Bitcoin is anonymous don't forget.

so why if bitcoin anonymous ? whether the reason for terrorism ? what because state officials will make money laundry in bitcoin ?

I think that is can not be a reason strong, the only acceptable reason is because bitcoin can not be controlled by the state.

The government can control bitcoin if they see potential threat. Maybe not literally bitcoin itself but  Like they can create laws about it or maybe they can control internet providers to do something about it in exchange with their business permits or something like that. There is no way a state allows threat including bitcoin (if it's going to be a threat). State maybe cannot totally control bitcoin but it's no way out of their hands.

[pereira4]

Give a man the control of the money and the man will have the control of the people, thats why governments are as nervous as it gets about Bitcoin and thats why they want scare people away to use it. If network effect ensues and people start using Bitcoin en masse then it's game over for them and they knwo it, hats why they have to start dropping all those negative news to try to crush it. Too bad that if we have learned something by now is taht Bitcoin cannot be shut down.

[lolgato]

Criminal everywhere they say they care only about the bad of bitcoins and not the good

[Blue_Tiger]

Countries can do whatever they want. If they want to ban Bitcoin, they can. Some countries just don't like the idea of Bitcoin.

[harizen]

Countries can do whatever they want. If they want to ban Bitcoin, they can. Some countries just don't like the idea of Bitcoin.

There you go. You got it.

Yes some countries don't like the idea of how bitcoin works and the system revolves around it.

Government can't gained from anonymous transaction. No tax involved which government of course doesnt like. We all know that good country has a good service which all come from tax. Include also if people will use money transfer bitcoin in country to country. It will less the GDP of one country as bitcoin will not be counted as part of the remittance. But you know, it has a solution if the whole world will adapt bitcoin. Proposals I think will be made by proper brainstorming to address this hole.

[doanlang]

Problem: tax and preventing money laundering

[maku]

Problem: tax and preventing money laundering

From what I know laundering money is harder with bitcoin. You wouldn't imagine how professional money laundering works. There are HUGE network behind the scenes for that.
And if someone is using bitcoins for this that means he is only a small fry. Real money laundering is done with FIAT on a massive scale (by organized crime, mafia, corrupted officials etc.).

[GannickusX]

I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.

What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole.

I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control.

Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now.

Source for which countries have officially banned Bitcoin?

I'm not trying to disregard your claim, but I'm curious to see where the information came from, as I've heard many different pieces of information regarding the legality of Bitcoin in different countries throughout the world.

I agree with your comment on how people think terrorists are using Bitcoins all the time, when in reality, they take up only a small portion of the Bitcoin users. Typically it's only a rumor that terrorists used Bitcoin for "x" event, however I don't have any statistics to back that up, so feel free to refute me if it's wrong.

Page 7  on this thread. Only 2 countries are hostile, of course there is not much information about contries in africa and such but still you can see most countries don't really care about bitcoin, at least not yet. Bitcoin is not that big as people think.

[BADecker]

Bitcoin is never banned, even though it looks like it might be. What is happening is, the people are in slavery, just like in America where income taxes hold us in slavery.

[Indrawan77]

I think because of the anonymous that bicoin has..so the government  afarid that it is going to used for bad things like money laundry or something like that

[harizen]

I think because of the anonymous that bicoin has..so the government  afarid that it is going to used for bad things like money laundry or something like that

Actually if bitcoin will be seriously regulated by the government in one country, as in seriously, they can keep and think of a system or platform that somehow will cover those downside of using bitcoin un their territory. If it's regulated btc usage of people in that country will become under the constitution of that country.

[SuperCoinGuy]

The Russian government wants to keep its citizens under control.

[ajun96]

It's just means that government can control everything including bitcoin. Well I said that since I read some thread saying government can't control bitcoin or bitcoin is a threat to fiat.

well, i can say its depends in the goverment of the country
in my country, government control bitcoin in law that its risk to user who use it, but bitcoin still accept in my country

[Mr.grin]

I think, it is because in these countries a lot of illegal transactions by using bitcoin, in addition, the state government also may have done so early prevention of illegal transactions using bitcoin does not occur

[Palinanv]

I believe it has something to do with the anonymity situation at hand. Bitcoin can't be anonymous for too long though. That's one of the biggest traits that some countries have with it.

[MWesterweele]

Some countries banned bitcoins for security  purposes , because  as we know  terrorist or  any other  illegal activities can be done through bitcoin without  any hassle  so those countries  that banned  bitcoins  has an acceptable reasons why they banned bitcoins , but we cannot blame them it is for safety  of the people on their country.Administration of bitcoins should observe  every transactions so it wouldn't be a harm for anyone in this world.

[Enotche]

Bitcoin and other cryptocurrency particularly concerned authorities, because such payments are extremely difficult to trace - operations are subject to agreement between buyer and seller, who may not even know the names of each other. No banks and payment systems do not record their personal data and do not give out at the request of law enforcement. Anonymity bitcoin system makes it a convenient tool for money laundering and terrorist financing.
And the second aspect - the taxes. The State can not get the benefit from the transaction.

[wintermeasures]

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

Maybe for some countries bitcoin is a threat to The country's banks. Because we know bitcoin has many advantages from any bank, the transaction is instant and inexpensive fee. thank you

[Hirose UK]

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

because some people with powerful position or those who has position in government, or leaders of society don't really understand what bitcoin is.

in my country bitcoin was declarated as illegal money a few weeks ago, and there are 6 proofs provided, but 2 of them are wrong. it was misunderstanding.

[dearbesz]

maybe because Bitcoin is threat for them to all business establishment to their country.   in addition to this it probably they heard
a bad news before in Bitcoins for illegal transaction used perhaps..