Why in some countries Bitcoin is banned

[Greenenergy]

That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it.

[agamasrori]

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

The government of the country wants big control of their people money.  If the people change their fiat into bitcoin. The fiat will get extreme inflation and givernment will lose control of theur people money.

[Mr. Big]

That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it.

No, I don't think that they care about bitcoin... I am also thinking that it has almost no effect in the economy of the country except if everyone is using it and not paying tax anymore in the government...The only thing that possibly could ban bitcoin in a country is the rampant use of it by the citizens in illegal activities... The more that it happens, the more pressure the users of it in a certain country will face... 

[abel1337]

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

The government of the country wants big control of their people money.  If the people change their fiat into bitcoin. The fiat will get extreme inflation and givernment will lose control of theur people money.

I agree with you. But bitcoin wouldnt affect their government of only few people is using it. If most of their people is using it and the government couldnt control it.Theirs a chancr that bitcoin will be ban in their country

[TastyChillySauce00]

That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it.

If their national currency (local fiat) is in trouble of having such a high inflation then their economic will also be in trouble. For the sake of keeping their economy stay in good condition then they don't have any option but banning bitcoin. It's not wrong for them, but maybe bitcoin can be an alternate option there if government just limit the usage of bitcoin. Though it's impossible to really limit the usage of bitcoin unless they put effort into it

[Babayega31]

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

The government of the country wants big control of their people money.  If the people change their fiat into bitcoin. The fiat will get extreme inflation and givernment will lose control of theur people money.

Yes, i agree that these government ruling their country will really want control to their people who lives in the country specially when it comes to what a person earns for living. They cannot impose tax with bitcoin thats why they banned this cryptocurrency and this btc threatens them and are afraid to economic fall down due to use of bitcoin which is not true and i believe its just their speculations.

[Adbitco]

I don't even know if bitcoin is banned in any country except for I read in this forum itself that it's banned or likely to be banned in Russia. Here in my country it's not banned instead the chances are that the government of my country may make good use of the technology bitcoin is based on that is block chain technology. I guess if it's banned in any country then maybe it's because the government of such countries have misconceptions about the digital currency. Maybe the government of such countries fear that their fiat currencies may lose it's value and importance and wide acceptance of bitcoin may lead to anarchy in their countries.

[romero121]

Very few countries are with a scheduled plan to ban bitcoin within their country. The important reason is that, those countries were already facing economic fall. They fear that bitcoin might take the situation worse if adopted.

[serjent05]

I think the reason why its in some country's banned because it can maybe destroy their own economy with their own currency in their country's.
Of course this will most likely not happen but I think they are just scared.

I do not think there is any way on how bitcoin can destroy any countrys economy or local currency or even it will only help them.
The government of some countries banned it may be because of the reason that they cannot control bitcoins and they want currencies used by peoples only be controlled by them.

Another reason is the absent of regulation, government are thinking that bitcoin might be use to promote fraud and illegal activities. And since government feel helpless about tracking them, they completely ban bitcoin so that they can file a case to people within their jurisdiction that use bitcoin.

[FlightyPouch]

Well they are really concerned with their economies and they are just really afraid. Well thats one reason why bitcoin users are now decreasing and not increasing. Bitcoins price are getting higher and higher, bitcoin users there might be so so dissapointed. As far as I know there are many Bitcoin users in China.

[boybugs18]

Some of them are paranoid that Bitcoin will be used for bad things and government can't control it because its decentralized . They can't get any revenue to it so that's why they are banning it.

[adi33]

perhaps in the country do not accept bitcoin for many reasons. for example bitcoin will be used improperly for the transaction as a transaction of drugs or money to terrorists

[john2231]

perhaps in the country do not accept bitcoin for many reasons. for example bitcoin will be used improperly for the transaction as a transaction of drugs or money to terrorists

I think this is not the only reason why bitcoin is ban from some country they are not still trusting bitcoin because of many bad image that you can hear outside in this forum i heard many times about bitcoin is scam by ponzi sites and cloudmining site and i think the other thing to deal to someone because of the no chargeback or reverse payment or any customer protection.. many people are stopping using bitcoin also the anonymous transaction no verification for their identity this is one of the reason that is why bitcoin is ban..

[MTBTT]

That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it.

true state usually have a specific reason why they forbid the use bitcoin in their country, of course it's because bitcoin has the potential to harm the country, maybe it was thought by their government?

[izanagi narukami]

My goverment decide to ban bitcoin because bitcoin can be use for some people or some group to funding terorism activity or money laundry as our law are very against on them.
But there's no policy to arrest people for having bitcoin instead people using bitcoin with their own risk !

[xSkylarx]

Maybe because in that country, bitcoin is commonly used to buy some illegal products like drugs or deadly weapons. It is also used to hire a killer to kill someone by paying them bitcoin. But i think banning bitcoin is difficult because it is a currency online. If it's abnned in that country, people their will use a vpn or find some way to use bitcoin.

[abel1337]

Maybe because in that country, bitcoin is commonly used to buy some illegal products like drugs or deadly weapons. It is also used to hire a killer to kill someone by paying them bitcoin. But i think banning bitcoin is difficult because it is a currency online. If it's abnned in that country, people their will use a vpn or find some way to use bitcoin.

I think europe will ban bitcoin in the future according to the news ive heard, I think Europe government is now making their move to ban bitcoin in their country, I think they will ban bitcoin sites and wallets and put some punishment if someone found using bitcoin in their country, It is a very bad news about European and bitcoin price could be affected if this occur 

[knyolku123]

Maybe because in that country, bitcoin is commonly used to buy some illegal products like drugs or deadly weapons. It is also used to hire a killer to kill someone by paying them bitcoin. But i think banning bitcoin is difficult because it is a currency online. If it's abnned in that country, people their will use a vpn or find some way to use bitcoin.

I think europe will ban bitcoin in the future according to the news ive heard, I think Europe government is now making their move to ban bitcoin in their country, I think they will ban bitcoin sites and wallets and put some punishment if someone found using bitcoin in their country, It is a very bad news about European and bitcoin price could be affected if this occur

I think you right, the price of bitcoin will change. whether go up or go down I don't know, but I hope the price of bitcoin is going up or stable. Bitcoin is one way to get some income from a network, and bitcoin can fill my spare time.

[hilmanaaldi]

Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin.

[20kevin20]

Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin.

In every country people are doing this stuff no matter how much you want to stop it. You just can't, they'll be present at a time or another. This happens with every currency that exists in the world. Of course the criminals might prefer Bitcoin because it's anonymous, but if it wasn't Bitcoin it would be USD like it was until now.