Why in some countries Bitcoin is banned

[btcxyzzz]

The real question is why it's not already banned everywhere because it's highly disruptive for world "economy".

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[diodio5]

I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes.

yeah potential in bitcoin might make fiat become irreplaceable. perhaps it is thought by governments which do banned, they think that bitcoin is growing very fast in their country and it threatened them

[tikrali]

where is it block?

[Nevis]

There are too man factors why but the most common thing is bitcoin is abused and being used on illegal things such as prostitution,drugs and terrorism on many country

[betohell]

There are too man factors why but the most common thing is bitcoin is abused and being used on illegal things such as prostitution,drugs and terrorism on many country

nope I think the government will not press it considering all the currencies are also used for illegal activities, certainly the government has its own reasons why they forbid the use of bitcoin, one of them of course because it would threaten their currencies

[gribble]

I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes.

yeah potential in bitcoin might make fiat become irreplaceable. perhaps it is thought by governments which do banned, they think that bitcoin is growing very fast in their country and it threatened them

Actually Bitcoin Acceptance depends on proper education
In the current era of disruptive technology, the creation and development of a number of cryptocurrencies has seen, has a great interest in the direction of the latest series of nations, governments and corporations.

The majority of users do appreciate cryptocurrencies and apply the features as a flexible means of liquidity. Some other features such as privacy, have ease of transfer and potential to increase in value capable of accepting Cryptos.

 "The countries that banning usage of bitcoins need to understand that Bitcoin is new technology."

[Barbut]

There is no answer on this question. Governments like to control everything, bitcoin isn't exception. I doubt that this will be some collective decision, if some country ban bitcoin that will be random cases.
I wonder who will dare to ban bitcoin, and how will they do it. Maybe this stories are here just to scare people to not use bitcoins, and to not transfer btheir wealth into bitcoins.

[delliaerd]

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

The government wants really good control of their people money. If the people use bitcoin government can not tax it. Tax is one of important resource for the country beside the state-owned enterprises. But some of people cosulcative assembly or house of people's representative are corrupt it. But not all of them are do that, I am sure there are still good people in government. We aren't agree if government controls all of our money, are we?

[canah17]

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

Its because some of the countries doesn't accept bitcoin yet and doesn't want to join the cyber world of bitcoin well the illegal websites are not accessible to any country because some countries are very strict when it comes to illegal website it may be a bad influence to their people that's why they will ban that website for they are not found to internet or illegal stuff in my country it doesn't matter its illegal or not but you have to do and they don't really trust the websites so far they think its a scam because they already tried it but they have been hacked a lot of bitcoin in there wallet well some, they can't really handle bitcoin because they don't understand it yet so they ban it.

[Xester]

I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes.

Its not just about taxes, its about the threat to financial banking systems and at the same time it is linked with the issue of being used in illicit activities. The government leaders, some of them. big people in the government has a relation with people with the banking sytems, the concept of decentralization is a threat to banks so banning it is one solution. Countries who are very strict in terms of upholding law bans bitcoin as it is used by syndicates in the black market without being traced.

[Techie5879]

Isn't it obvious when you just think about it for a little bit? There are several reasons why governments have banned Bitcoins. And some of them are pretty legitimate reasons too. For starters, Bitcoin is too anonymous and so it can't be tracked, thus this helps people who are involved in illegal stuff. Then there's the past record if Bitcoin and illegal stuff, like that silkroad case. Bitcoins have been used for crimes, I don't think anyone can deny it. Also, governments have banned it due to its volatility I guess, as it has shown signs of being pretty unstable. I think this is reason enough for banning Bitcoins.

[OrangeII]

There is no answer on this question. Governments like to control everything, bitcoin isn't exception. I doubt that this will be some collective decision, if some country ban bitcoin that will be random cases.
I wonder who will dare to ban bitcoin, and how will they do it. Maybe this stories are here just to scare people to not use bitcoins, and to not transfer btheir wealth into bitcoins.

in fact, there are some obvious reasons why the government does not make bitcoin be legal in their country, or make bitcoin into something illegal. I think, very clearly, that, bitcoin has the ability transactions very fast compared to the others. but, quick transaction makes bitcoin transactions become invisible or difficult to detect, and it is supported by the bitcoin transaction capabilities, which are hard to assess. it makes a lot of dark transactions , or illegal in some countries.

[tortic25]

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

1. the FBI can block a country from a domain like pokerstars.
2. VPN would help but it if disconnects "because most people only know how to setup 1layer" the government whould have your ip"
3. Banks would most likely not allow it "so they can't pay for an exchange"
4. "put you in jail or stuff like that" yep jail is not likely all the 3rd world countries would probably shoot you.

[ethereumhunter]

I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes.

i think its true, maybe government afraid that in someday, people will not trust the government to protect fiat from new currency like bitcoin. the government wants to make sure that fiat still safe to be use for their citizen and make a limit for bitcoin and preventing bitcoin used many people.

[Red-Apple]

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

1. the FBI can block a country from a domain like pokerstars.
2. VPN would help but it if disconnects "because most people only know how to setup 1layer" the government whould have your ip"
3. Banks would most likely not allow it "so they can't pay for an exchange"
4. "put you in jail or stuff like that" yep jail is not likely all the 3rd world countries would probably shoot you.

1) what does FBI and banning of one random site that i have never heard of has to do anything with banning of bitcoin in some countries!
2) government is not sitting out there giving up all the other more important problems by dedicating resources to see who uses bitcoin to find them. and even if they do find your IP the worst thing is a warning from your ISP to your Email which you can simply ignore.
3) there are always other ways to pay for an exchange to buy/sell bitcoin
4) LOL, you watch too many movies.

[Zadicar]

They banned bitcoin because they saw its a threat to their government and also many businesses will surely dont like that bitcoin will be adopted to their place especially money remittances and other means on which people do buy and use, Banning bitcoin because of illegal transactions and gambling sites.

[tortic25]

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

1. the FBI can block a country from a domain like pokerstars.
2. VPN would help but it if disconnects "because most people only know how to setup 1layer" the government whould have your ip"
3. Banks would most likely not allow it "so they can't pay for an exchange"
4. "put you in jail or stuff like that" yep jail is not likely all the 3rd world countries would probably shoot you.

1) what does FBI and banning of one random site that i have never heard of has to do anything with banning of bitcoin in some countries!
2) government is not sitting out there giving up all the other more important problems by dedicating resources to see who uses bitcoin to find them. and even if they do find your IP the worst thing is a warning from your ISP to your Email which you can simply ignore.
3) there are always other ways to pay for an exchange to buy/sell bitcoin
4) LOL, you watch too many movies.

1. The one random site means they have the power to ban any domain sites that provide wallet software, exchanges, gambling what ever they wanted.
2. yeah a warning is what we would get until it's illegal maybe you should watch a bit more tv? or a little more reading because i'm sure most of the people here know.. prison sentences are much longer for cyber criminals. the government cares more about controlling the internet that hackers"who caused financial damage" would get more time then pedos who "scared a child for life"
3. i guess you're right they could use giftcards, but purchases via giftcard always offers a lower trade ratio for the buyer and with most services not avalible to them i don't see the point.
4. https://www.theguardian.com/news/datablog/2011/mar/29/death-penalty-countries-world  You probably have never seen this site and with how ignorent you are let me save us some time and suggest google you can pick from the hundreds of reports "not movies"

[rizkyhiw]

I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes.

i think its true, maybe government afraid that in someday, people will not trust the government to protect fiat from new currency like bitcoin. the government wants to make sure that fiat still safe to be use for their citizen and make a limit for bitcoin and preventing bitcoin used many people.

government didn't fear on bitcoin can treat their national currency
but they are fear about people who can store the wealth in bitcoin without get taxed
also bitcoin suspected as a payment gateaway for illegal markets
that's why in my opinion there is so many country ban bitcoin.

[serjent05]

It is not banned anywhere. They can not ban it it will never be controlled.  How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court.

basically, bitcoin can not be banned, because bitcoin is a difficult instrument transactions to be tracked. but, it is easy to block sites related to bitcoin in a country. Well, maybe it was the way for them to specify a bitcoin, because it happened in a country that does not accept bitcoin bitcoin or make it illegal

The only thing the government can do to bitcoin is regulate it in their own country or make it illegal or at least announced that using bitcoin is illegal to its populace.  Once government cannot fully ban the use of bitcoin because of bitcoin's nature.  Being decentralized and anonymous to some extent.  You can also look at the case of torrent here where government are trying their best to shutdown this sites because it promotes piracy but then since people in different country had already seeded the file, anyone can still download the said file and can seed it if he wants.  Bitcoin almost function the same as torrent files in some content.  The being decentralized  peer to peer network.

[Vaskiy]

Countries with a growing economy consider bitcoin a means for the national currency's devaluation as well an source which decreases the use of local currency. But in reality it serves for growth and in advancement in the fast moving world. Over the years to come the country which adopts bitcoin officially and starting to regulate will experience a great growth in economy.