Why bitcoin is not supported in some countries?

[xiguadady]

 its a threat to them on their governance.but someday bitcoin will change the world like internet do.what we need to do is waiting...

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[HalfDeck]

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

Definetly some other countries not supported bitcoin because for them its not profitable to there country,and cryptocurrency is not taxable so they should not benefited all the profits coming from the crypto,and mostly bitcoin is decentralized and volatile thats why they cannot control the pump and dump of value  of cryptocoins,that mostly the reason why they should not supported digital currency into there country.

Support cryptocurrency or Bitcoin is very difficult. First of all, if you want to manage the cryptocurrency and tax the crypto user, you need to know the information of all user and the profit of them to calculate the tax. It needs the exchange can provide all information to government and the user also used these exchange + verified KYC.

[RVA]

These countries are afraid that their banking system will begin to fall apart, they can not control bitcoins and this frightens them, for this they need to create their own digital currencies.

[Hobo66]

Because most government see bitcoin has an
ponzi scheme for stealing users money, so
they ban the use of bitcoin in various country
to prevent their country man from getting involve with bitcoin.

[xxlouisxx]

Many countries do not support bitcoin. My country is an example. They do not consider bitcoin a commodity. bitcoin is not valid and will be caught if bitcoin transactions. understandable, if a country can not manage bitcoin. They will ban the law

[dyewic]

Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes. Possibly when things go digitalized countries will use Bitcoin's technology to make their own digital currency.

On my opinion I think that, there are actualy just a few countries where Bitcoin is actualy supported in legal way. And all others are just tolerating or ignoring it or it's banned. In addition, each country has rules and laws, respectively. There is a consideration that is certainly very important. But I also agree on your opinion that, those countries fear that Bitcoin will make their economy to go down. And also several taxation problems have been their, as people prefer Bitcoin to escape taxes.

[Djbeats]

Why bitcoin is not supported in some countries? But why? In some countries their have a policy because bitcoin is illegal in some countries and many countries banned the bitcoin

[trickee]

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 it is risky or maybe they thought this is a scam or they thinking that when people know about bitcoin people will going to be lazy because when they joined bitcoin all they have  to do is to wait their income so they would be lazy to find a job.Or they do not their neighbors to be rich because they want only be the rich it is unfair.here in my country several times the bitcoin is in News and they are explaining what bitcoin is and bitcoin is not a scam so i think bitcoin is welcome in my country.

[Cryptron]

It is the fact that Bitcoin cant be control or manipulate that why the government cant give a tax to it. Also their are countries that not yet develop in terms of technology like free wifi in public places or stuffs.

[AltheaHeart14]

One of the reason why some countries do not supported bitcoin is taxation, the its government has lots of issues regarding hiw to put tax on bitcoin, and it is a bit risky on part the government, because of the bitcoin can be use on dark or illegal transaction, but in the part of butcoin user is a great opportunity and gives income that hopely considered by the government.

[dyablo]

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.

Another thing why other country do not support bitcoin because their government can't impose taxes from any transaction happens using bitcoin.  And also they are afraid that bitcoin can be used to buy illegal products in the blackmarket.

[ngerok]

Why bitcoin is not supported in some countries? But why? In some countries their have a policy because bitcoin is illegal in some countries and many countries banned the bitcoin

maybe, the country that prohibits Bitcoin is worried if Bitcoin will be used for negative things like funding illegal weapons and money laundering because Bitcoin transactions are very secret. in my country Bitcoin also not yet legal and still under consideration by the government

[bapetdik]

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

Each country has different policies and regulations. In my country it is now warned that investing in bitcoin is at risk because the price is unstable. Yet many people in my country keep investing on bitcoins. Yes indeed every country has a different principle.

[Chainblock]

All dark deeds have their share of the banks and the Government, together with the banking system will greatly affect the progress in bitcoin mass. Therefore, the interests of users and countries do not coincide.

[odakorlina]

Governments of some countries are not supporting bitcoin because of their policy which is meant purposely to to check bitcoin investor or maybe they fear of losing their revenues which they get from taxes. I'm sure the public education about bitcoin will have a positive impact on the economy of a country.

[yuyuchain]

Because bitcoin is a decentralized digital currency, the government has a hard time controlling it and taxes have not got a good levy rate, so some countries choose to ban Bitcoin.

[nianshaoqingkuang]

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

Very simple, all the governments of the country can not give up the right to coin, the government control the right to coin, in order to grasp the right to speak in the economic field, in order to stable management of the country

[mkhadazz]

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

there may be many reasons given by the country for resisting bitcoin may be the country is afraid of inflation with the country's currency or the country is afraid to launder money for irresponsible people or may also be afraid as a fundraiser for certain people to commit a crime

[dhrazzen]

Bitcoin is not supported by some countries for some reasonable and acceptable reasons. The laws, rules and the principle of the leader affects why they don't support bitcoin. We all know that bitcoin really help the people but we cannot judge the country who didn't support bitcoin nor ban bitcoin. They also think not just the good side or advantage of bitcoin but also the bad effects or disadvantage it may give to the country.

[stely]

some countries think that bitcoin is very risky, difficult to control, and risky when used by irresponsible elements. this is what makes some countries prohibit the circulation of bitcoin

Bitcoin are not accepted by the states because they can not take the taxes on the earned money through a bitcoin.