Why bitcoin is not supported in some countries?

[gesdan]

what do you mean it is not supported? maybe you want to say that why some country banned bitcoin and make all people who use bitcoin in that public is illegal, some country is not make some policy that bicoin is legal or illegal, for example my country, there is not policy that banned bitcoin or allow bitcoin, so in that phase we can use bitcoin free, and if in my country create new policy about transaction with bitcoin is an illegal i think all people that use bitcoin in my country must stop use bitcoin or they can jailed because of it, i think bitcoin in some country illegal because, bitcoin is not the official currency like USD or GBP no office / bank about bictoin that make some government dont trust in bitcoin

[cjinny]

Probably a country that forbids bitcoin is afraid, bitcoin is abused for criminals, as well as countries that forbid it definitely have no rules for digital currency. One more thing, a country that forbids bitcoin definitely does not have a supportive facility for bitcoin transactions. That's just my opinion alone, maybe someone will adding.

[nightwishx]

I think this is an old unfinished problem about taxes. now the tax is important for a country to run the government, so while the problem is not finished, I think bitcoin will still be difficult to legend around the world.

[CookieGums]

The cause of bitcoin in a country is their money become non usable because there is a bitcoin so they make it illegal to avoid the cause

[Digital_Lord]

I think some country not supported bitcoin because of its use on deep web using as a payment method on some illegal work or buy sell on deep web but I don't say that deep web are fully illegal or bad work on there I know that there is so many good work and also bitcoin little bit risky for this reason its not supported some country.

[sheldonnnn]

Because all transactions are anonymous and decentralized. Thats why the government can not control it and receive taxes. It has a bad effect on the economy of the country. Also because Bitcoin is actively used in the dark web and can be connected with criminal forbidden things. This is how the government of my country argues.

[slate_main]

Mainly, the opposing views to Bitcoin and the alt coins is that it threatens the governance of the countries, and financial organisations, it is just trying to remain the controllers of money. This is pretty evident with the recent 'banning' of bitcoin exchanges in China, followed by the dump, then buying up of Bitcoin, thereby making lots of money. Oddly, this coincided with China's own NEO coin being released.
 
Hilarious.

[Theb]

Because all transactions are anonymous and decentralized. Thats why the government can not control it and receive taxes. It has a bad effect on the economy of the country. Also because Bitcoin is actively used in the dark web and can be connected with criminal forbidden things. This is how the government of my country argues.

Supporting is different from making the use of Bitcoin illegal. Right now Bitcoin only has a limited support from what I recall only Japan and Korea fully support and recognize Bitcoin as a kind of currency where both of them both have their recognized exchanges. Additionally Bitcoin is considered a third party or another entity outside of the government, usually if you are asking for another country's support they are looking for something in exchange that will benefit them. Right now the thing that Bitcoin can only do is by enticing them to support it.

[dlhezter]

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

i think country who definitely banned crypto on their own are those who didnt know the benefits of bitcoin to them, and they just got only are negative mind that bitcoin is like a fraud. and they dont want to involve on this massive fraud. but for me its not a fraud, but more secret reasons that we didnt know why they got banned this bitcoin on their country. i am lucky because this bitcoin are totally acceptable in my country and all the benefits of this bitcoin are on our hand. anytime we can buy, sell or trade whenever we want.

[Betwrong]

Because all transactions are anonymous and decentralized. Thats why the government can not control it and receive taxes. It has a bad effect on the economy of the country. Also because Bitcoin is actively used in the dark web and can be connected with criminal forbidden things. This is how the government of my country argues.

I don't know what country you live in, but Bitcoin is actually illegal only in a few counties, namely: Bolivia, Ecuador, Kyrgyzstan,  Bangladesh and I heard that in Venezuela people were experiencing some problems with Bitcoin mining. Most countries support Bitcoin and I think that is so because after some research they came to conclusion that Bitcoin doesn't have bad effect on the economy.

[justdimin]

because certain countries do not allow the exchange of currencies that are not on the ground of certain laws for the avoidance of money laundering and other things that violate the law

Yes, bitcoin often lead to money laundering and recently we saw a incident in Russia for getting arrested due to money laundering via bitcoins. Bitcoins are now being used in many illegal ways including buying or selling drugs, money laundering, etc.

It might be the reason why bitcoins are not yet legalized globally and are not used in all countries. If bitcoins are made legal then the price for bitcoin will surely grow much. Bitcoin was introduced as a anonymous currency and it cant be tracked by any government. If this problem is solved then for sure bitcoins will be legalized globally.

[bitblackred]

Each country has their own laws and each country need a time to apply bitcoins.

[dali_masmoudi]

Maybe because of its bad reputation.
It is commun that bitcoin is used only in dark web to buy illegal stuffs like drugs, electronic drugs, guns, etc ...

[Colt22]

in every country have its own rules there are legalized bitcoin, for example russia and japan they legalize bitcoin, and some also prohibit the use of bitcoin for example China.
and many countries are just observing how bitcoin develops

Agreed. Each country has its own law and order. Government of each country has their own centralized economic system which has put some limits and bounds to the people while making transactions. Bitcoins discard this concept of centralized economic system and have introduced a user centered system in which user is only responsible for all of its transactions online and they have freedom to do anything they want.

[DainSLane]

Every country have their own law and we should respect it because we can't force the government to make it legal in their country, and some people are not trusting bitcoin they think it's a scam so even if you explain the good benefits of it they won't listen and it's hard to make it legal if people are not trusting bitcoin.

[mjnick01]

because it's a gambling problem, but they do not understand that it's part time or full time work from the internet 

[Wingo]

They see it as a great threat to their economy. Bitcoin exchanges/tradings/transactions also doesn't require any taxes. It is also hard to monitor every transaction, those black markets that runs with the help of bitcoin to make efficient and anonymous transaction.

[babarian]

there are concerns in regulation about the possible impact on real currency, tax implications, potential fraud and criminal use. This has led to many countries issuing legal regulations or guidelines for Bitcoin used in their respective jurisdictions

[ufaiz50]

in every country have its own rules there are legalized bitcoin, for example russia and japan they legalize bitcoin, and some also prohibit the use of bitcoin for example China.
and many countries are just observing how bitcoin develops

Agreed. Each country has its own law and order. Government of each country has their own centralized economic system which has put some limits and bounds to the people while making transactions. Bitcoins discard this concept of centralized economic system and have introduced a user centered system in which user is only responsible for all of its transactions online and they have freedom to do anything they want.

the concept of bitcoin systems and different governments to accept bitcoin are required to follow the regulations of the government. the government also thinks if receiving the bitcoin will benefit the country or not.

[Sonin1944]

It may not be supported just doesn't suggest the citizens can not nevertheless use it.It only requires a intelligent mobile phone with each functions and transactions can be done for solutions and items to be purchased or marketed.It is a world-wide forex following all. Just not in the international market. But.