Why bitcoin is not supported in some countries?

[daarul50]

If in my country, the government gives an opinion about cryptocurrency that bitcoin is not currency because government policy or regulation until now has not changed the regulation about currency which is legal to be used as a transaction so that they do not recognize any payment using bitcoin. However, governments in the state allow storing bitcoin with all the risk borne by the owner. maybe this is also happening in other countries.

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[olatslodi]

For some reason the government are not considering bitcoin because in some countries people are using it for illegal activities also some countries don't know that bitcoin have advantages and benefits that you can get.

[Sarastiche]

Bitcoin usage allows different illegal trade activieties to take place without  physical presence,such as money laundry,hard drug deals,purschase of gun illegally,with the above lots of country cannot surpport BTC

[Opekin]

Bitcoin usage allows different illegal trade activieties to take place without  physical presence,such as money laundry,hard drug deals,purschase of gun illegally,with the above lots of country cannot surpport BTC

I think, if bitcoin is being used by some for illegal activities, then the government will really take its action  to totally get rid of bitcoin and ban all websites apps that are being for bitcoin transaction. Yes there is really a great possibility of it to happen, but I think the main reason why some governments do not support bitcoin is that they see this as a threat for their currency.

[commanderbitcoin]

One reason why they want to ban bitcoin is because they cannot control it. Control means power, and politicians are addicted to power that is why they banned it specifically corrupt countries. If Blockchain is implemented in a corrupt country, it is hard for them to steal money from the government because it can be trace.

[partsofgarble]

because they see it as a dark place to commit crimes, actually the anonymity of the users is what causes the 'lack of control' and that is the opposite to what government want

[mr_enoc]

I think because the government cannot control the flow of btc and other alts. Btc is uncontrollable, maybe that is one of the main reason why btc is not supported by other countries.

[Clover_Faith]

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 unstoppable because of cant control to desseminate bitcoin to the others. It is also give a huge profit to every who use bitcoin because of that bitcoin support the people who use it. The one reason is not support bitcoin by the government because of it has no taxes government cant get benefit from bitcoin so that they dont allow it.

[Kong Hey Pakboy]

Every countries have their own reasons why they banned or they not supported Bitcoin. We all know that countries has the government, and government has the banks. There are laws that being violated once they used Bitcoin such as for transactions. Some countries have laws about not using any digital currencies or virtual currencies in their transactions. Some countries do not want to support Bitcoin, because a while ago, we said that government has bank and bank serves as the middleman of any transactions in a country. With the use of Bitcoin, it does not need any middleman so that the countries are scared on how bank will be in the future once they implement or allow the usage of Bitcoin.

[Monta3002]

Bitcoin is not supported in some countries because they are accusing bitcoin as a cause of money laundering and they can not get tax with bitcoin

[Oggy Pogi]

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, I guess bitcoin has been banned or not yet been legalized because the government has already been futuristic that using or establishing it in their country might bring risks to its people especially talking about earning money that maybe can make its people greedy with it that might caused up conflicts in lined with it. It is maybe their way of disciplining their people to avoid engaging into cryptocurrencies for their own reasoning.

[ak2004]

Bitcoin is not supported in some countries because they are accusing bitcoin as a cause of money laundering and they can not get tax with bitcoin

as of right now, it is difficult in most countries to buy stuff directly in bitcoins, people tend to hodl or convert in fiat, so government should not worry about getting theirs taxes. but that will change as bitcoin/altcoins can be used directly to pay for goods or services

[kallen02]

Its sad to know that some of countries bitcoin are being banned or they not supported. But somehow its not too early to say that bitcoin will become legal to those countries. I believe, the government have the reasons, if it is positive or negative reasons we all respect it. And i know, soon they will see the advantages and good effects of bitcoin or we can call it digital money in their country and to people specially.

[Questat]

Recently I heard that some countries bitcoin is not supported. But why. This reason is unclear to me. I can't understand why thay don't use bitcoin in tgeir county. I also heard that some people don't understand how much important bitcoin in our economy.  If the bitcoin service are probided increasingly then I think bitcoin also support in all county.

They do not have the tools to regulate bitcoin, if other countries were able to regulate bitcoin then it's not impossible for them to do it.
Maybe it will take time until they will support bitcoin and that time when they realize that bitcoin help the economy to progress.

[King Sastro]

Because most countries fear that someday bitcoin replaces regular money, this makes a lot of banned bitcoin countries that inhibit the development of bitcoin, but the fact is bitcoin still exist and prices continue to rise.

[ak2004]

They don't support bitcoin because most countries fear that someday bitcoin replaces regular money, and bitcoin can't be controlled and impose tax on it and afraid that taxation would be really be affected because of bitcoin it might increase the hidden transactions on doing illegal things.

well... if there is someday a government sponsored blockchain or any other projet secretly running for a government, I think there will be backdoors and stuff to make sure it can be tempered with
is that so impossible ?

[arthotdog]

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.

yes thats right,government are responsible to their countrymen and their countrymen must obey the policy.no government that would allow something like crypto to make mistakes using crypto wrongly so its better to prevent it from the start .

[Tatalk]

As each coin has two sides, bitcoin being too advantageous has few limitations and because of which some countries are not supporting BTC. First of all the reason for not being centralized is it's not under the control of government because of which it leads to several illegal activities like terrorism and others and moreover there is little fear to the government for BTC that if it BTC would come in their country then it can vanish the current ongoing currency and it may lead to the loss to them, this might be one of the cause for not supporting BTC.

[Samsungnumbertwo09]

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

Coz we all know that many people that they dont know what bitcoin is they think that bitcoin is for illegal transaction and illegal activity especially the government they dont know the true value of bitcoin, or they afraid that they cannot control the bitcoin and the bitcoin doesnt have taxes to pay..

[Aryan55]

cause govt dont support it , they actually dont trust this , if they support and people can harassed by bitcoin then people will be complain about govt thats why some countrys dont support.