Why in some countries Bitcoin is banned

[BitcoinSupremo]

Because bitcoin can make you invisible in the net , government block gambling websites, you go gamble with bitcoin , first case you evade government supervision.
Also you evade taxes which is the number one priority the government has over you, they say since I offer you , police protection, schools for education and hospitals for your healthcare , you have to pay taxes , with bitcoin you can evade this too. There are a lot of other things from which you can evade from government supervision by using bitcoin thats why a few countries are obsessed to ban bitcoin, but truly bitcoin cannot be banned as long as there are alternative tools( TAILS and Electrum together in an OS to bypass government supervision via your IP). So I can understand why some governments are so obsessed with banning bitcoin but in the end they can do us no harm at all.

[ning_chang]

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

also for me. so maybe that band BTC because they realize that when people all know people who can actually get that money by BTC. lest they just do not work. so did they act promptly action. BTC to the band in their area

[Mayuyu48]

Governments and centralized systems are scared of bitcoins and a system so seamless scares the shit out of them.
Because bitcoin offers competition to the centralized systems.

That obviously is undesirable.

[Kevin29]

They think that bitcoin is not a money

[nitesh1995p]

Bitcoin is banned may be due to its volatile nature and also it is not very old currency in few years it will be accepted worldwide according to me

[poptok1]

Governments and centralized systems are scared of bitcoins and a system so seamless scares the shit out of them.
Because bitcoin offers competition to the centralized systems.

That obviously is undesirable.

I don't think this is true. Bitcoin market worth is actually very small compared to fiat.
It poses no real threat to (not)modern monetary systems. That's why no serious banks are involved in btc adoption, no real profits for them, maybe because banks reacted to BTC to late maybe because of legal concerns.

Actual reason is just like BitcoinSupremo said, net invisibility. You can exist in some way, off the grid.
Pay your bills or do shopping without generating BIG-DATA. That is why "they" don't like it.
Digital Society with their own currency to live with, with different, modern life approach to laws and justice
is something that may be unacceptable for "status quo", oligarchy/businesses-man/politics.
Bitcoin is just a beginning.

[Nowl1935]

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

Nahhh, it's not really banned, it's just not recommended as an a mode of payment, because we all know that until now, bitcoin is not legalize by many countries. But not totally banned.

[upsidedown75]

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

Nahhh, it's not really banned, it's just not recommended as an a mode of payment, because we all know that until now, bitcoin is not legalize by many countries. But not totally banned.

Well, Russia did really ban bitcoins in their country. It's not just that bitcoin is not recommended as a mode of payment but it actually received a law of ban.
However, I heard there were calls for reconsideration about this. I wonder how did this/is this going.

[Skaven]

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

Nahhh, it's not really banned, it's just not recommended as an a mode of payment, because we all know that until now, bitcoin is not legalize by many countries. But not totally banned.

Well, Russia did really ban bitcoins in their country. It's not just that bitcoin is not recommended as a mode of payment but it actually received a law of ban.
However, I heard there were calls for reconsideration about this. I wonder how did this/is this going.

The time when Russia did that they had big problems, because like China, bitcoin was used to flow money out of the country.
Which is stupid, since they can't regulate bitcoin.

[BlueStackz]

because now many countries are still not daring. they are not willing to take risks. bitcoin digital currency is unstable. the government of a country still do not believe fully in bitcoin.

what risk are you talking about?
the countries don't take risk, the people who are investing in crypto currencies are taking risks.

besides those countries are banning bitcoin because they are scared of it and think it can replace their money.

Yes it is both risk for government and for people but for people it is not that risk as the price gets high then that can be easy profit for them. But government is scared because people can easily skip taxes and convert black money to white and that can result harm in negative effects.

[uname]

Bitcoin is banned may be due to its volatile nature and also it is not very old currency in few years it will be accepted worldwide according to me

yeah it's also the reason many countries to ban bitcoin. because if their residents using bitcoin. it could have made their population losses due to fluctuations in it?

[Enotche]

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

Nahhh, it's not really banned, it's just not recommended as an a mode of payment, because we all know that until now, bitcoin is not legalize by many countries. But not totally banned.

Well, Russia did really ban bitcoins in their country. It's not just that bitcoin is not recommended as a mode of payment but it actually received a law of ban.
However, I heard there were calls for reconsideration about this. I wonder how did this/is this going.

The time when Russia did that they had big problems, because like China, bitcoin was used to flow money out of the country.
Which is stupid, since they can't regulate bitcoin.

The deputy chairman of the Duma committee on security and anti-corruption, Andrei Lugovoi said that the decision on whether to ban Bitcoin or not, should be based on academics rather than politicians:
"Russia is currently faced with a choice: what - permissive or prohibitive - the way to go. And the choice has to be made not on the basis of short-term political decisions, and on the basis of a careful analysis of the problem. And it is very important help of the scientific community "in this issue
"Without public cryptocurrency" blokcheyn "does not work. The obvious conclusion - that the ban turnover cryptocurrency can inhibit the development of "blokchain" technologically throw Russia back years "

"At the state level, to determine the technology itself and ban Bitcoin, as it is in Russia is done - it's all sheer nonsense. I can any citizen of our country or the United States to negotiate the sale of their apartments for 10 kisses, and no I will not prohibit the use of this" cryptocurrency "it will definitely be confirmed currency"
- Marinichev said.
According to him, the authorities must do everything to facilitate the development of blokchain technology in Russia, only in this case Russia does not lag behind the advanced countries, and get the proper effect of technology in business.

[justspare]

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

Nahhh, it's not really banned, it's just not recommended as an a mode of payment, because we all know that until now, bitcoin is not legalize by many countries. But not totally banned.

What are you talking about. Have you heard of this country called Russia? Well they banned Bitcoin and it is illegal to use it in Russia. Banned means banned. Not just, "not recommended".

[el kaka22]

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

Nahhh, it's not really banned, it's just not recommended as an a mode of payment, because we all know that until now, bitcoin is not legalize by many countries. But not totally banned.

Yeah it would have a long time before BTC are accepted across the globe, however the majority of the payments are accepting BTC just a little longer and do some campaign in other country would be great if you didn't caught by your actions.  
The answer is you must submit an applications that stating you are an entrepreneur and would like to do some campaign in BTC and explain to them what is BTC.

[serjent05]

I think Bitcoin is banned in some countries because of it's nature and bad guy might take advantage of it.  Since Government can't centralize bitcoin, they are afraid that this so called currency maybe use to money laundering schemes.   Central authority like banks are afraid that they might lose their rule over the country's currency system.  Other think that Bitcoin might be use to fund terrorism.  and alot more only the central government know

[sempak]

some countries consider bitcoi not feasible to use. bitcoin unstable factors as the main reason. a state of fear because it can make a country's economy down.

[serjent05]

some countries consider bitcoi not feasible to use. bitcoin unstable factors as the main reason. a state of fear because it can make a country's economy down.

True this is  from https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ | Title Top 10 Places Where Bitcoin is Banned

Bangladesh

Code:

In a statement the Central Bank of Bangladesh cited concerns over bitcoin’s lack of “a central payment system” which could lead to people being “financially harmed”

Bolivia

Code:

The central bank of Bolivia, El Banco Central de Bolivia said in a statement:

“It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.”

Ecuador

Code:

The ban by Ecuador makes the most sense of any ban, as they are building a national electronic cash system, so they feel the need to protect their new currency from something clearly superior. A decentralized currency of finite production that cannot be manipulated by governments or banks might dim the lights on their new program in the eyes of the public, which offers none of those benefits.

These are some of the country and their reason why the banned Bitcoin.

[Bestwishes745]

some countries consider bitcoi not feasible to use. bitcoin unstable factors as the main reason. a state of fear because it can make a country's economy down.

True this is  from https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ | Title Top 10 Places Where Bitcoin is Banned

Bangladesh:


In a statement the Central Bank of Bangladesh cited concerns over bitcoin’s lack of “a central payment system” which could lead to people being “financially harmed”

Bolivia:


The central bank of Bolivia, El Banco Central de Bolivia said in a statement:

“It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.”

Ecuador:
The ban by Ecuador makes the most sense of any ban, as they are building a national electronic cash system, so they feel the need to protect their new currency from something clearly superior. A decentralized currency of finite production that cannot be manipulated by governments or banks might dim the lights on their new program in the eyes of the public, which offers none of those benefits.

These are some of the country and their reason why the banned Bitcoin.

But I have heard that people in those countries can easily use bitcoin and no one can find that which person in a country is using bitcoin and which one is not, as bitcoin is an anonymous currency, so I think the banns do not matter. we should hav to continue with bitcoin.

[daringdiscovered]

Because bitcoin can also be used to buy drugs, hire to kill someone, buy weapons and many illegal ways to do in deepweb. Like in a country where there is a war they will ban bitcoin because it will be easy for the terrorists to buy weapons.

[universe_]

some countries consider bitcoi not feasible to use. bitcoin unstable factors as the main reason. a state of fear because it can make a country's economy down.

True this is  from https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ | Title Top 10 Places Where Bitcoin is Banned

Bangladesh

Code:

In a statement the Central Bank of Bangladesh cited concerns over bitcoin’s lack of “a central payment system” which could lead to people being “financially harmed”

Bolivia

Code:

The central bank of Bolivia, El Banco Central de Bolivia said in a statement:

“It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.”

Ecuador

Code:

The ban by Ecuador makes the most sense of any ban, as they are building a national electronic cash system, so they feel the need to protect their new currency from something clearly superior. A decentralized currency of finite production that cannot be manipulated by governments or banks might dim the lights on their new program in the eyes of the public, which offers none of those benefits.

These are some of the country and their reason why the banned Bitcoin.

ok so i see that only bangladesh has some kind of a statement on WHY they ban bitcoins though 2 other countries are just telling that it is not allowed because people want to do something on their own pretty much

i think that countries might just be afraid of using bitcoins and they think that one day it might replace the fiat what would mean that governments would not have any impact on people