Why bitcoin is not supported in some countries?

[Winner]

Bitcoin is not supported in some countries because goverment are afraid bitcoin is used for criminal offenses.

I think that the Government has a plan to make a bunch of people use a certain type of Digital Currency later on in the Economic bubble since there is plenty dollar bills plus other currencies that can be used for other things if their materials were broken down.
I would try to have little bit of Bitcoin on the side in case the Government wanted to pay homage to Bitcoin for the whole electronic currency thing.

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[eann014]

I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me

In my country bitcoin is not banned. Bitcoin can help us here and we can earn extra income. I don't know why some countries doesn't accept bitcoin but I think it is also because they don't want their economy to get down, or maybe bitcoin can be used in some hidden agenda, like hiding money from it or buying illegal things like drugs in secret way. but it is just my opinion.

[stompix]

I'm not sure what countries are not supporting Bitcoins, but for what I understand, not all countries are supporting online earnings. Basically, Paypal is not open to use in some countries and Bitcoins should enter those countries as an alternative payment processors. It is not supported when the people are not using internet because Bitcoins needs online since the transaction is needed to use Cryptocurrencies.

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory


Bolivia, Ecuador, Bangladesh ... so nothing important.

And in those countries that Paypal is nor used they usually have some alternatives.
For example in Russia webmoney is used probably by x1000 more than paypal.

In some countries like bolivia bitcoin is banned by their government because bitcoin is decentralized it means it cannot be controlled by the government or bank and bitcoin is tax free so the government won't take profit from it. and some people use bitcoin to buy drugs in black market.

i am hearing it for the fest time that they are banning bitcoin, but i think most of the states are not getting bitcoin as legal but still they even not banned bitcoin yet. they are just thinking about it and may be they consider it as legal because they have very good example of japan.

Yeah, they did, see the above link.

[doomloop]

Bitcoin does not need to be supported by countries. Its supported by the blockchain and everyone can use it with an internet connection.

Yeah bitcoin can live without government assistance and whoever that decentralization function .. even though bitcoin is prohibited in some countries even though it will not make bitcoin dead or lost because it all depends on the user itself. Users can still use bitcoin freely for being anonymous and being on the internet

Bitcoin has is a very huge web if a few countries are not accepting Bitcoin it does not mean that it will be dead or will go vanish from that particular country. it is not spread everywhere, people are still very interested in using Bitcoin as it is profitable for people if not for government but for all people of that country. they have great faith in bitcoin profit and want to earn through it as much as they can earn.

[Taskford]

 their government wants something that they can grasp in their hands, since bitcoin is decentralized, they can't manipulate it so
some are banned or not supported by their own government. These governments are the one's that are corrupt or under a communist party. I feel pity for the people in those country. As for my country as long as its not illegal and its not drugs they're hands off. Well as for now.

[Wesimon]

Maybe, countries who don't support bitcoin is not yet ready to embrace bitcoin. It not that easy to process the adaption of a certain currency. It still has to undergo a long process. Maybe those countries are still considering the use of bitcoin. It's better if time comes that those countries were decided to support bitcoin, they are ready enough to use it.

[mornabo]

Bitcoin does not need to be supported by countries. Its supported by the blockchain and everyone can use it with an internet connection.

Nope I think although not related directly. Legalization of the government will greatly help the development of bitcoin in the future. Imagine if the whole country forbids bitcoin. Of course there will be no stores that accept bitcoin, no official exchange, it is very horrible

[stadus]

Maybe, countries who don't support bitcoin is not yet ready to embrace bitcoin. It not that easy to process the adaption of a certain currency. It still has to undergo a long process. Maybe those countries are still considering the use of bitcoin. It's better if time comes that those countries were decided to support bitcoin, they are ready enough to use it.

Countries will not easily make bitcoin as illegal, they need to make a deliberation first before making the final decision.
Good news for today, "Suddenly, Bitcoin to Be Officially Legal in India".
source, https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india

[SHANTA]

Bitcoin is likewise Illegal in my province. Here nobody can utilize bitcoin straightforwardly. We earned bitcoin and sold them to localbitcoins or paxful.com
we don't know when Bitcoin will be legitimate in our nation. Till than we are enduring a great deal

[agentx44]

Maybe, countries who don't support bitcoin is not yet ready to embrace bitcoin. It not that easy to process the adaption of a certain currency. It still has to undergo a long process. Maybe those countries are still considering the use of bitcoin. It's better if time comes that those countries were decided to support bitcoin, they are ready enough to use it.

Maybe that's the reason why some countries can't accept bitcoin because there are not yet ready to embrace bitcoin. But why they think bitcoin as a illegal money, people cannot understand bitcoin's value. But i still hoping bitcoin would be legalize in the future.

[abayan]

Because of law and government is scared that people use it for hiding black money and for Crime .

It is not about that illegal doing or to use in such crimes the truth is ,the government don't want bitcoins to be the main use of people. Bitcoin have no tax and it is free to use in some ways. And if we add those bad people who will use bitcoins in bad things is a big problem in the government.

[The_prodigy]

Bitcoin is not supported in some countries because goverment are afraid bitcoin is used for criminal offenses.

Yes thats right. Like some country in the east part. They prohibits surfing in the internet. There are limited sites that they can be surf on. They afraid that their government will punish them , and somehow they dont want to be a bad citizen in their country that results for them to be jailed in their country.

[rkyass]

Bitcoin is not supported in some countries because goverment are afraid bitcoin is used for criminal offenses.

Even fiat can be / and is used for criminal offense ! do we have to remove fiat ?

[malekbaba]

BTC is not supported in some countries. BTC is Risky. Most of the people even do not understand what BTC is? How it works ? In my country 99% people even do not have any idea about BTC. only few have very little idea. So BTC will take time to be adopted worldwide. We are greedy by nature. If BTC is introduced with out any restriction and without proper knowledge, people will invest in it and as it is volatile, people may face terrible loss.

[Superzpay]

Bitcoin is not supported in some countries because goverment are afraid bitcoin is used for criminal offenses.

I have also heard that thing that some governments are of the doubt that bitcoin is anonymous currency and because of that feature they think that bitcoin will be used for many illegal activities by some criminals but I do not think that criminals come because of bitcoin or its anonymity because it all because of the governance of a state if a state will not provide any facilities to their citizens then the citizens will search for other ways to get their facilities.

[ashfakur]

Every countries  has won ruls and regulation.  I bitcoin can hamper their won  economic  field. So they can not support  bitcoin.

[bitex.in]

Bitcoin is not supported in some countries because goverment are afraid bitcoin is used for criminal offenses.

many people using USD , Rubal, EURO, or any other fiat currency for buying arms or drug , so we can stop using these fiat currency ? it is just a idiot logic , this logic is created by news agency only , actullay banks are afraid with this technology and banks work with governement so government are afraid 

[danherbias07]

Bitcoin is not supported in some countries because goverment are afraid bitcoin is used for criminal offenses.

many people using USD , Rubal, EURO, or any other fiat currency for buying arms or drug , so we can stop using these fiat currency ? it is just a idiot logic , this logic is created by news agency only , actullay banks are afraid with this technology and banks work with governement so government are afraid 

We dont even know if government banks are the one holding the funds for arms dealing.
Hell we dont know much about our governments dark sides.
We just know our own currencies are being used for this kind of deals.
With millions of dollars of transactions thru banks, aint that supposed to be questionable to where will that money go.
Why they wont support bitcoin? Illegal groups womt need to go thru the government if they find out there is this kind of currency.

[Natalia_Volkova]

It's true that Bitkoin isn't supported in some countries. In my opinion, this is due to the fact that their economy is simply not ready for such significant changes.

[btcdevil]

Money laundering, criminal use are some of the reasons why some countries do not support bitcoins.
I think it is silly, though, to show a lack of support for bitcoins.

Not only the reason what you are telling the main reason is its decentralized technology where you cannot find the user behind any transaction as it is not traceable that who is holding the wallet. due to this only most of the gamblers are using bitcoin for gambling as it is used by without giving any identity proof.