Why bitcoin is not supported in some countries?

[asu]

 I agree that  bitcoin is not supported in many country. Because they are not informed about the advantage of it. Our government its not that aware of bitcoin and many countries are banned on bitcoin. They didnt know the value of bitcoin and they didnt know bitcoin change the life of people. I think with the help of social media.  Theyn will know the valuenof bitcoin. How bitcoin is important to many people

[1714723325]

1714723325

[1714723325]

1714723325

[1714723325]

1714723325

[Sendibere]

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 they think that Bitcoin is scam or has an illegal activities. Or maybe they are trying to evade the terrorist who use Bitcoin as a financial support. Or other countries takes time to research carefully before they legal it.

[ngalamunan]

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 they think that Bitcoin is scam or has an illegal activities. Or maybe they are trying to evade the terrorist who use Bitcoin as a financial support. Or other countries takes time to research carefully before they legal it.

the assumption of each country in the presence of bitcoin is different, there are negative and there is a positive. because they are not familiar with bitcoin far and usually assume a negative first with the existence of bitcoin at this time

[Tukang Becak]

May be because those countries afraid of bitcoin and governements think that bitcoin can vreak the economy of the countrie

The main factor is because bitcoin uses a decentralized system so it can not be controlled by anyone, if the state legalizes bitcoin then there is a big risk that the country's economy can be destroyed by speculators.

[Gramna]

Some countries do not accept bitcoin because I think the government is not taxable with this type of pre-coding. It is difficult to accept and circulate.

I agree with you. Bitcoin is a virtual currency and it is independent currency; thus, government officials does not have a power to control. This maybe one of the reasons why it is not supported in some countries.

[ultraminer11]

May be because those countries afraid of  and governements think that  can vreak the economy of the countrie

The main factor is because  uses a decentralized system so it can not be controlled by anyone, if the state legalizes  then there is a big risk that the country's economy can be destroyed by speculators.

I think it is not the main reason, but the main reason can be that in third world countries the education ratio is very low there, and they have also very limited resource of compute internet, their people cannot effort compute and internet that is why they do not have access to bitcoin to use it, i think it will still take some more time when they will have access to bitcoin.

[Ethernel]

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.

[dragoz11]

Some countries want to have full control of institutions and finances. If btc is included and if people will use it they would be by their own and governments would face difficulties on control/

[Joylee]

There are several reasons like we are arranged by the government and it is no secret that governments of some countries forbid bitcoin.

[Jivotnex]

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

They dont support bitcoin because they saw that its a threat to them on their governance and also they already knew that bitcoin cant be controlled and impose tax on it and afraid that taxation would be really be affected and also crime rate would increase because of bitcoin because it might increase the hidden transactions on doing illegal things and this is only the thing i know but overall bitcoin is really useful if you dont use it on bad thing.

Totaly agree, they just need slaves...

[RIYA0001]

bitcoin is now available in most of the countries but as we all know that different countries have different rules and laws . so, some countries government may ban bitcoin in that country or the people don't have information regarding bitcoin due to which they are unaware about bitcoin.

[sakib.bro]

it may be the rules and regulation of their country
most of the country is thinking about bitcoin whether it could be legalized or not

[SergeYak]

In different countries bitcoin is just a problem for government because their economy is worst and they want to get more taxes from citizens. The only one way is just ban bitcoin.

[Marco Ambrusini]

Majority of Countries don't consider it a big innovation that has the potential to make lot changes in our daily living. Some countries fear of the taxation and some fear of the controllability as this is entirely a pseudo anonymous which can be tracked to some extent.

[Satish147]

Some of the countries are getting fear due to the chances of  their currency can be replaced with cryptocurrencies. As I heard 44% of total bitcoins are used for illegal activities like drugs, and many others and this survey issued by the students of Business school from India.

[AlexW333]

because now not everyone understands the power of bitcoin

[Kisanaq]

The thing that makes the state do not want to recognize and legalize bitcoin is bitcoin using decentralized system that makes bitcoin can not be controlled so that if it is legalized it can make people transfer transaction to bitcoin not to fiat, so tax revenue will drop.

[rudox]

Each government of the world is interested in control, It can be resources, monetary policy and investment policy in their various countries.Bitcoin came out  decentralized d anonymous and government can not control bitcion and  and thereby collect tax. So they are not in control and the bitcoin transactions and can not  pay them tax.                                 

[VampKing]

As all kinds of transactions can be done with Bitcoin remaining anonymous, many countries don't support Bitcoin.All kinds of transactions means legal or illegal both. People can easily escape govt. taxes, vat etc. Illegal tasks are also can be done easily. As the user remains anonymous, you can't trace him/her. 

[chaukhchi]

Each country has its own policies in its government, it may be that the government does not want to take risks and will be a threat to them in their government because they also know that bitcoin can not be controlled and taxed. Or Bitcoin can threatening the financial system in a government.