Why bitcoin is not supported in some countries?

[Dmitry.Vastov]

Well, some countries dont support the bitcoin because they find it a real threat on their business but also a threat on their security. Bitcoin can be use for any forms of crimes like money laundering. Ransomware also use bitcoin for receiving ransom money. Also they cannot control bitcoin because its a decentralize internet money.

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[Botnake]

Well, some countries dont support the bitcoin because they find it a real threat on their business but also a threat on their security. Bitcoin can be use for any forms of crimes like money laundering. Ransomware also use bitcoin for receiving ransom money. Also they cannot control bitcoin because its a decentralize internet money.

Even if they do not support bitcoin, that does not give us a threat that we will stop using it also. It's an internet money and in the internet we can connect with each other, there's no way they can stop us considering that we are anonymous and they can't trace what certainly we are doing.

[STFU!]

maybe they are too afraid of money laundring. most of digital money used for a crimes.and goverment in each country has their own reason about the policy, althought we can't predict futures of bitcoin btw,but who know the futures will changed.

[talkbitcoin]

Well, some countries dont support the bitcoin because they find it a real threat on their business but also a threat on their security. Bitcoin can be use for any forms of crimes like money laundering. Ransomware also use bitcoin for receiving ransom money. Also they cannot control bitcoin because its a decentralize internet money.

there are only one or two countries that have strict rules against bitcoin in their law. and there are so many others (mostly developing countries) that do not have any idea that bitcoin exist or know but since it is not really being used there, nobody cares much about it.
and the big countries that matter are already bitcoin friendly and that is what counts these days for bitcoin and its future.

[BeGoods]

Well, some countries dont support the bitcoin because they find it a real threat on their business but also a threat on their security. Bitcoin can be use for any forms of crimes like money laundering. Ransomware also use bitcoin for receiving ransom money. Also they cannot control bitcoin because its a decentralize internet money.

The main reason the government does not accept bitcoin even forbid to use bitcoin because the government can not control the bitcoin from within so that everyone is free to do illegal activities with bitcoin, the government thought it would make it more and more crimes, that say my government

[delliaerd]

maybe they are too afraid of money laundring. most of digital money used for a crimes.and goverment in each country has their own reason about the policy, althought we can't predict futures of bitcoin btw,but who know the futures will changed.

There are some reason that bitcoin was prohibited in some countries. Bitcoin is working anonymously and this is a chance for peoples to do crimes with bitcoin without any personal identity. Moreover the most illegal transactions with bitcoin is drugs transactions.

[malekbaba]

But criminals do not rely on bitcoin only. I have seen massive corruption in our stock market where USD and our local currency were the main currency. I think most of the Criminals, drug smugglers, weapon dealers are doing their business with fiat than btc. Big whales are manipulating the stock market where fiat is being used widely than btc. BTC is still small currency in comparison to giant fiat money.

[Mastsetad]

Well it kinda is supported in all countries

If you have a computer you could access it from anywhere kind of

It can surely be accessible from any country but if in a country the use of bitcoin is prohibited and against the law then for sure someone wont do it because if you are caught doing it even after you know it is not allowed then you may get punished and i don't think anyone would like that.

[cramcram21]

I think it is not supported in some countries cause of tax evasion and they will not get any profit from it ,just saying my own opinion

[hurain]

I think it is not supported in some countries cause of tax evasion and they will not get any profit from it ,just saying my own opinion

i think the users of bitcoin are present everywhere there may not be a single country where the users of bitcoin are not present, but if we talk about the states so most of the states have not yet given any decision about bitcoin either it is legal or illegal currency.

[densuj]

Maybe it is about time because many countries doesn't understanding about bitcoins, and they think bitcoin is useless for their countries, but some time Will many countries that support and making legal transaction of bitcoin on every countries.
 

[gilangIDR]

today many countries are not sure about the use of bitcoin. because bitcoin has a very large price fluctuations. that is the main reason countries prohibit the use bitcoin in this place. they fear that bitcoin can cause economic chaos.

[malekbaba]

today many countries are not sure about the use of bitcoin. because bitcoin has a very large price fluctuations. that is the main reason countries prohibit the use bitcoin in this place. they fear that bitcoin can cause economic chaos.

If I remember correctly, bitcoin worth $200 approx even in 2014-2015. This month the price range was $800-$920. Wide fluctuation of price. And yes, this sort of fluctuation is pretty common in crypto. Thereby, investing in crypto is too much risky. But major issue is, people start to invest without knowing properly. They are greedy and they face deadly pumping and dumping and loose their investment. Same as stock market.

[The_Dark_Knight]

Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..

Bitcoin cannot destroy the economy, since bitcoin is money then it is the opposite, bitcoin was created to help the economy to flourish by offering a new version of money that is the most practical yet devised by humans what it can do is to limit the power of governments.

[TastyChillySauce00]

Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..

Bitcoin cannot destroy the economy, since bitcoin is money then it is the opposite, bitcoin was created to help the economy to flourish by offering a new version of money that is the most practical yet devised by humans what it can do is to limit the power of governments.

Limiting the power of governments on controlling their own economy because of bitcoin is becoming their primary currency is indirectly destroying the economy. If bitcoin becoming just 2nd option or an alternative currency then it's definitely fine but different if bitcoin is really dominating the whole economy of a country and government can't do anything, there might be many criminalities occur due to this case and probably people will take advantages of each other

[DoublerHunter]

I think bitcoin is not supported in some other countries in the world because they don't know what it is and what are the advantages of having bitcoin. Other factors that bitcoin is not supported in some countries is maybe their are a lot of criminals who are abusing bitcoin and using it for bad habits and if the government or authority will see that, there is a high chance that they will think that bitcoin is fully for bad purpose only so they didn't support it.

[pooya87]

I think bitcoin is not supported in some other countries in the world because they don't know what it is and what are the advantages of having bitcoin. Other factors that bitcoin is not supported in some countries is maybe their are a lot of criminals who are abusing bitcoin and using it for bad habits and if the government or authority will see that, there is a high chance that they will think that bitcoin is fully for bad purpose only so they didn't support it.

it is not just about knowing about bitcoin. the countries where bitcoin is not much supported are third world countries that are not technologically advanced and people aren't that much interested in things like bitcoin. and even if they are they can not find ways of using it, for example the internet speed and coverage is not adequate enough for them to be able to use a proper bitcoin wallet.

[shinratensei_]

I think bitcoin is not supported in some other countries in the world because they don't know what it is and what are the advantages of having bitcoin. Other factors that bitcoin is not supported in some countries is maybe their are a lot of criminals who are abusing bitcoin and using it for bad habits and if the government or authority will see that, there is a high chance that they will think that bitcoin is fully for bad purpose only so they didn't support it.

Relating to the criminal activities and some of the advantages of bitcoin are being an opposite thing for the government. Anonymous and decentralized system, both bring a lot of the percentage for not supporting bitcoin although there are the internal factors from the government.

But totally the bitcoin is suitable for supporting the 3rd country.

[michellee]

maybe its because the countries not yet ready with the new technology and they need to learn about bitcoin so bitcoin is not supported in some of countries. but i am sure that in the future, many countries will be ready for this and they give their support with bitcoin and the user.

[Hitomi]

why in some countries prohibit the use bitcoin? what is wrong from the use bitcoin? I think there is nothing wrong, because every bitcoin users would be easy to use to support their daily life. for example: payment of electricity, toll payments, currency exchange, etc. I think the state should think back to the prohibition of the use of bitcoin. not whether it is better for our own communities.