Why bitcoin is not supported in some countries?

[Kadal Ijo]

For me i think because some county lock of information about bitcoin.  and did not know what kind of bussiness is bitcoin.  And  some of country thinking bitcoin is a threat in there government.

Of course the government thinks that bitcoin is a conventional money threat, when the government legalizes bitcoin then people will use bitcoin rather than fiat so the state can not manage all the price and financial rules because bitcoin can not be controlled.

[glongsword]

in our country crypto-economy is not regulated by law. Therefore, all transactions for the transfer of bitcoin are unlawful unfortunately

[1C6fV5DtakfKANLJ8GUV7hCaA]

It is because these countries want to stay in power over the people and of course, stay corrupt. It can also be that they want to create their own crypto.

[fedorover]

Different countries have different laws. In come countries, the ministers are yet not realizing the potential of bitcoins.

[haster100]

Yes,we know that some countries of the world don't support bitcoin crypto currency. Because,they may think their economic state go down. For this reason they don't support bitcoin in their country. Even I heard some countries announced the sixth month of jail for it.

[werpak321]

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 are supported to some other countries because  they don't want bitcoin to become their currency  and they don't want an electronic  cryptocurriencies  try against in it

[Tuyul Gupies]

bitcoin is already widely supported by many countries in the world and is legal in countries that support bitcoin. I will support the bitcoin in the country because it needs bitcoin to build a good economy in this country. countries that do not support bitcoin may have a reason why they do not accept the presence of bitcoin.

[MinerOfTheYear]

Recently, the financial regulator of the country Nepal Rastra Bank completely banned any operations with crypto-currencies, seeing in them a threat to their economy. The decision of the authorities was reinforced by the arrest of a dozen people, allegedly involved in the management of crypto-exchanges in the territory of Nepal.

[sashulya7979]

Not all countries will a priori seek to be similar to each other. Different government, different mentality says that there will not be bitcoin everywhere.

[SkustaClee]

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 the reason why some countries are banning bitcoins because they know that there will be big affect in their financial institutions. Bitcoin has many disadvantages and it is the reason why some countries are not legalizing bitcoins.

[Lubang Bawah]

For me i think because some county lock of information about bitcoin.  and did not know what kind of bussiness is bitcoin.  And  some of country thinking bitcoin is a threat in there government.

Most countries think shortly that bitcoin can not be controlled and anonymous so the safe and easy way that can be done is with bitcoin banned, the government did not want to take the time to do a study on business opportunities and the huge economy of bitcoin.

[undergron]

so far there is no ban on each country for bitcoin, but if there is support from the banking system in one way or another. if about its lack of kegunanaan at atm, local shops then there are many countries and takes time because some countries have more priority.

[afanase]

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

Some countries are still thinking that bitcoins are scam.

[coat47]

I think it’s because governments can not control bitcoin. The bitcoin represents a threat or a competition vs their fiat money. Fiduciary money is a weapon.
Moreover, as everything is decentralized, they are afraid that people do not declare their earnings or of laundering black money.
But some countries (mostly little countries) are in favor of bitcoin to counter a bit the supremacy of the bigs counrties.
And of course you also have some officials who didn’t understand anyting about the bitcoin. 

[ostrovagaly]

Some countries do not aspire to come to innovations such as bitcoin. It's also convenient to make big deals and you can get an amount of money more than enclosed.

[Babyboy423]

I think Bitcoin is not supported in some countries because many of people Considered  bitcoin as scam. and many of people think  that bitcoin is all about illegal activity. that's why  they hard to trust bitcoin.

[nankers]

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

you ask 2 question with a different purpose and meaning...first question i can answer maybe some country to muchSome country is a bit difficult to take tax from every transaction because as we know every bitcoin transaction that we have taken directly by wallet and exchange market respectively. And also bitcoin may be against the law in every country. Then bitcoin is a digital currency where there is no physical form, maybe that's the main reason every government in every country does not want to bear the risk of loss from every transaction bitcoin users.for the second question i cannt answer cause im not use mining to earn my bitcoin. So, i cannt answer it

[Asawakobana2017]

Other countries did not support bitcoin because they treat bitcoin as a threat to their economy. Many people now have been using cryptocurrency and government fear that this currency would replace their currency.And second, most of the countries think that bitcoin is a scam and or illegal that is why they did not allow bitcoin to penetrate.

[mom_dad]

Anonymity, that is mostly the reasons. It is hard to trust really for the government with something so trivial and something that they can't regulate in their point of view. Though good example for this is Russia which banned Bitcoin and other cryptocurrencies but look at them now who is recognizing and legalizing Bitcoin like Japan because they see the potential and can truly help them in the financial crisis they have been facing. I hope that other countries my see it as well.

[Nefarious]

It's human nature to fear what you don't understand. So some countries/governments find it easier to just ban or heavily restrict it rather than embrace it. We are seeing this change over time though thankfully, as more goverments get educated on what Bitcoin, cryptocurrency & blockchain is & then benefits it brings.