Why bitcoin is not supported in some countries?

[Vitaliy.St]

Because of their anonymity. Often bitcoins are used to buy drugs and weapons. Also bitcoins are not subject to the state and are not taxed, a person can hide his income by withdrawing money into bitcoins

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[cinchin]

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

Their are many countries that didn't support bitcoin or has stop supporting bitcoin.
With regards to reasons, their are plenty of reasons why they are doing it.
Most common reason is that bitcoin is being use by some people to scam others which really hurt the good reputation of bitcoin.

- I do not think that's the most common reason, the most common reason I think is we should know that bitcoin is anonymous, it is very suitable for illegal activities, that leads to the government of some countries not wanting to support bitcoin
- However, I believe that someday, when Bitcoin became popular and developed, they will accept support Bitcoin because although bitcoin may be a tool for carrying out illegal activities but investing in it will bring a huge profit, this will improve the lives of many people, and from there, the economy of the country will develop, if they do not accept support it, their economic development will slow more than other countries, they will not want this to happen

[TheGodFather]

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

BEcause they moght not have the neccessary equipment or technologies to support the cryptocurrencies that might be used or coming into their country. alsO it is important to note how quickly it can hhange if given a chance and invested on by a cou try.

[JohnnyBrown]

maybe because they cannnot handle it properly , It could be a source of money laundering which may give fund to terrorist.

[lazaruseffect11]

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 bitcoin is not supported in other countries because theyre not yet a well-developed country. Bitcoin is not famous or even known in their country. Those countries are small countries that are trying to develop. I think if bitcoin will be introduced to their country, it will help their economy as well as their country to grow.

[Manchumichael]

maybe because they cannnot handle it properly , It could be a source of money laundering which may give fund to terrorist.

This could be possible and also this bitcoin is used in more illegal activities. So any country accepts bitcoins they think the illegal activities will be increased, so they are not accepting.

[GoodLuck2]

Because of their anonymity. Often bitcoins are used to buy drugs and weapons. Also bitcoins are not subject to the state and are not taxed, a person can hide his income by withdrawing money into bitcoins

Yeah that may be a reason that it may be used for illegal activities but according to my personal opinion they still don’t know about this mighty coin they are not in touch with the outer world and there are still third world countries out here where people think that it is some sort of silver coin thing so of bitcoin advertise itself on every country national channel then those countries will also use it for their benefits.

[Core.BUSTER]

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

Well this countries don't see the potential of bitcoins and they don't want to risk anyone in their land to use it. Especially that bitcoins are often the hot topic of media with its relation to illegal transactions of drugs other illegal stuff. They fear that bitcoin can cause more chaos and increase the threats around the government.

[francesyrus]

Different countries have different rules to follow. Maybe because they taught bitcoin is a ponzi schemes or just scam. Or just they have no idea about bitcoin that it can help their fellow citizens in terms of income and it can reduce unemployment.

[NeoTech42]

Some countries do not support Bitcoin because it allows tax evasion, government cannot control the Bitcoin and moreover although Bitcoin is great, there's still a big issue concerning hacking, phishing 

[Mbah Djoko]

Bitcoin does not get support in some countries because the government is worried about using bitcoin to beat the legal currency, this is reasonable because bitcoin is decentralized so it can not be controlled by anyone or even the government.

[ZaynDale]

Bitcoin is still on the process of winning every country and everyone. That is the  hardest part of marketing and for some very serious reasons and one of those is when a country is building its guidelines, regulatory or laws regarding with crypto currency research and development. China in the past few months are imposing crackdown the exchange institutions because there Operations are out of the economy.
Big Countries like China and Russia are now developing their own digital asset because Bitcoin or crypto currency is the future of the economy.

[Trela]

I think the main reason is because they cannot control bitcoin. Fiat price can influence the economy of the country so they afraid if their citizens are change their fiat to bitcoin that make their fiat price down.

Actually bitcoin is going to help humanity and good for every one and bitcoin have already played a very big role to reduce unemployment and in some countries bitcoin have now a credit card as well and bitcoin is still trying to bring more facilities to the people and for countries as well I will appreciate all the efforts of bitcoin and will say thank you to bitcoin.

Bitcoin and the unemployed are two difference issue. You can see before Bitcoin becomes famous, the unemployed still can make money and have a job as long as they really want to get out of unemployment. Bitcoin just helps them have more chances to have more jobs and the unemployed also need to be patient to get out poor. It does not Bitcoin help the world reduce the unemployed.

[Pab]

Better question is in what countries bitcoin is really supported,hard to find many of them.But bitcoin and crypto is cosmopolitan,kind of cosmopolitan p2p movement beyond borders,same like internet is,btc is internet money,no borders in internet

[magz]

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

Actually each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized.

Right. Each country have their own policy. For them, Bitcoin will be use for money laundering or for buying illegal things that is why they do not allow or do not support buying Bitcoin.

[leyton11]

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

Actually each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized.

Right. Each country have their own policy. For them, Bitcoin will be use for money laundering or for buying illegal things that is why they do not allow or do not support buying Bitcoin.

And for the government, Bitcoin is a tool to help the business tax evasion. You can see with the function of Bitcoin supply, it can helps the Bitcoin user anonymous their total money or personal income, so how to the government know that amount and tax the Bitcoin user?

[virtfund]

Bitcoin is not yet supported in some countries. Crypto investments in these countries are against the law. Money laundering, drug and terrorist financing control problems are very much. When Bitcoin and other crypto currencies are used in many countries, by a large number of institutions and people, they will gradually recognize Bitcoin legally in countries that do not support , and will allow them to trade with Bitcoin.

[raku]

There are many reason a country will ban bitcoin. Anonymity is one of them. Bitcoin can be easily used in some criminal activities but so does fiat. Moreover, no country would like their money to go out of their country. With bitcoin you can transfer huge chunk of money out of your country to anyone in the whole world.

[NoNetwork]

I think the main reason is because they cannot control bitcoin. Fiat price can influence the economy of the country so they afraid if their citizens are change their fiat to bitcoin that make their fiat price down.

That is correct mate, since Bitcoin is decentralized and volatile, they definitely not going to control it anytime soon. But people would not switch to Bitcoin so soon, they will utilize it but it will coexist in Fiat for now, because Fiat is still relevant and still many things can be negotiable through Fiat only. Therefore there are still boundaries in utilizing Bitcoin.

[romeo111]

The government is worried about using bitcoin to beat the legal currency. they think their security issue. it'a money laundering.
Actually they can not handle it properly.
But i think next few month or year latter bitcoin will explosion as world.