Why bitcoin is not supported in some countries?

[ihsanskanzaone]

Most countries that forbid bitcoin are communist countries where the country is fully in control of the economy of its people so it would be contrary to the very privacy bitcoin and even the state can not set the bitcoin so that the communist state would definitely prohibit the use of bitcoin. Bitcoin is also considered to weaken the currency of a country because of very large exchange rates and bitcoin is also not clear who is managing it so this is also a reason to ban bitcoin in some countries.

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[hieuhoang6569]

Btcoins are banned in many countries. why ?
Due to limited bitcoin, security policy of bitcoin has not been approved by the government
As well as the value of bitcoin escalate too fast, unstable

[malekbaba]

My country thinks that BTC is only used for gamble, porn, hacking and drug dealings and arm dealing. Lolz. Even some news media also has published those BS. BTC fluctuates a lot, ETH does not. Crypto is the main stream. Advance countries are adopting this block chain tech even in banking. And some BS (including mine) countries are just avoiding BTC as they will loose control over public property. I do not feel good to spread bad words against my mother land but what to do ?

[Tiger Junk]

For me some countries dont supported bitcoin because they think bitcoin is not yet know by everyone and by the whole world thats why some countries dont want bitcoin to be legal or to be supported in there country, and bitcoin is can be use to scam so thats why some countries dont supported bitcoin.

[Jake Virus]

Well i think bitcoin is not supported by some countries because they didn't know yet what the bitcoin can do for there economy or for there conpuntry, and i think some countries didn't know that bitcoin can help many people, and help the economy by reducing unemployed person, so my opinion is lack of knowledge of some countries is the main reason why they didn't supported bitcoin.

[bulacarango]

Why is bitcoin not supported in some countries?
As far as I know, it probably has something to do with the currency of a country
Surely the income from bitcoin is not statistically clear, and the tax money is not transparent

[tikaka]

Bitcoins are not supported in some countries because their laws and government do not support the release of bitcoins. They believe that bitcoins are not good and can be a good opportunity for criminals to take advantage of gambling offenses. this is very dangerous

[DoublerHunter]

Well i think bitcoin is not supported by some countries because they didn't know yet what the bitcoin can do for there economy or for there conpuntry, and i think some countries didn't know that bitcoin can help many people, and help the economy by reducing unemployed person, so my opinion is lack of knowledge of some countries is the main reason why they didn't supported bitcoin.

Knowledge is the best thing that everyone country should develop especially about bitcoin because most of the countries in our world are being blinded of the things and information that they are getting from the internet and that is why they are not supporting the bitcoin and other co-related cryptocurrencies but i think that in the future they will accept it.

[fndsr]

It does not support me think. because they are still thinking and reviewing to be able to allow bitcoin in their country. many things that are being discussed by developed countries today

[King Sastro]

May not be some but almost all countries do not support bitcoin, this is because bitcoin is decentralized so as to contradict the centralized state economic principles and can control all the finances circulating in the country.

[xamxam]

There are many countries that thus not support bitcoin and i think the reason behind is affecting their economy and other investment will decrease their value. other reason is also that no one accept a transaction using bitcoin.

[chip211]

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 of the many reasons that bitcoin has negatively impacted the national economy and caused inflation to impact the nation's economy.

[L00n3y]

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 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

Maybe because they see it as a threat to their existing monetary system. If it is generally accepted in a certain country and is used for payments for services and commodities then fees and taxes cannot be collected and it is definitely a bad scenario for a certain government. Another reason is fear that it might be used for illegal activities like money laundering or financing of terrorist groups.

[Harper6]

Legal status of bitcoin varies among countries. Countries with developed economies have welcomed bitcoin. They have accepted it in their daily trade as legal currency. Countries like India are still undecided about the status of bitcoin, they have bitcoin exchanges but their central bank is warning its citizens not to use cryptocurrencies. Countries like China,Japan, Australia have earlier accepted bitcoin but now banning it for having security issues. Many third world countries still unaware of bitcoin, and even after having knowledge of bitcoin it is impossible for them to accept it due to lack of basic infrastructure like electricity, internet etc.

I think it’s not about that they don’t want to support bitcoin because bitcoin is very useful for every one and it always help to the people and as well as to the countries because bitcoin is such a currency which change a life of people and in many countries bitcoin play a very big role in their economy so I think with a passage of time rest of countries will start support bitcoin and I’m sure end of the year some more countries will also accept bitcoin.

[willmunte]

I think some countries still have not been able to control bitcoin transactions so that they can collect taxes

[henry1997]

probably because bitcoin can not be controlled by the country's government and the risk of stock market prices in his country could happen to plummet and also the absence of taxes etc so in countries not supported because it is out of control government if I think it is like that

[lionjuvs08]

i think one reason why bitcoin is not accepted in some country is because the economy of their country is affected if bitcoin become popular and use by them.

[rayneh]

Do not persuade them concerning the bitcoins, just reveal your personal fantastic times about how you have the ability to earn bitcoins and allow themselves think on how the bitcoin is important at the future.

bitcoins is preferred by practically every nation and needs to help bitcoins yet a few nations don't bolster bitcoins as a result of some administration issues so the reason a few nations don't bolster bitcoins temperedly yet soon they will likewise give finish support to bitcoins on the grounds that bitcoins is the gainful cryptocurrenciy and could tackle enormous issues like unemployment.   

[Sanitough]

LOLo one is really believing this FUD. Bitcoin funds are on a downwards trend already which is just maing it through since the people behind it is just pumping the gold coin to keep it alive. While bitcoin is rising high every month, coming in contact with new ATH one time or another. So hen you have look at this, I question someone will believed this FUD. Sorry, BCH has become regarded as another pump and dump coin to be able to inhale and live another day.wk. N

They loss the opportunity to make money if they will be affected with FUD, this will continue to circulate because whales are looking to
bring the price down in a short period so they can take advantage and buy this cheap bitcoins.

[salink]

The government does not like things that are not manageable, but bitcoin is one of them ... you know what I mean. Some countries believe that bitcoin can affect their economies, as they can not control bitcoin transactions as well as individual transactions. They can not tax these people.