Why bitcoin is not supported in some countries?

[Veerraa]

my opinion that countries that do not want to be open-minded about innovation is a country that can not predict the future. I think Bitcoin is really going to unlock its potential when used everywhere. They are afraid of those who abuse it but can not be misused in some cases, how they spend it.

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[matt_dev_]

Because they think that it will destroy their banker's arrangements. They know well that they are in danger.

[Kodok Bencot]

Many countries are worried that the presence of bitcoin will change the financial system, people will leave the legal currency and switch to bitcoin so as to make the use of fiat continues to decline so that disrupt the economy, this is the main reason why bitcoin is not supported in some countries.

[thompson30]

Maybe because they dont want that bitcoin will take over in there country because it can change the way they live

[PilosopongTacio]

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

It's because other countries misunderstood the ways of cryptocurrency and they are uncertain about its processes and its beyond control,there are also some possibilities where they believe bitcoin can be use as a method for illegal transactions used by criminal individuals or organizations and its pretty much difficult to trace since its basically done electronically.
To be honest, im also currently new to this and its also unclear for me how this works. I just hope that some countries will have a better understanding in the future about bitcoin so that they wont have to withdraw their support on this.

[Odlanyer]

Other countries are not supported bitcoin and they have a law that when you're caught or saw using bitcoin they put in jail in 6 months and other countries government are banned bitcoin and some reason why other countries not supported bitcoin is because sometime they used it a tool or a way to do a criminal such as money laundering, drug trafficking, tax evasion, illegal payments, and also it is free from the taxes that's why many countries are not allowed using bitcoin.

[Babylon]

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 are countries in the world who do not accept bitcoin. in other words they are being banned. Because other countries think it is bad and it's a bad thing. And there are others who think that their income is from bad things. Bitcoin is overwhelming but gradually agrees and accepts bitcoin as a debit. Available to compensate for expenses. It is necessary to fully explain the purpose or value of bitcoin. Hope it can also be used in other countries to greatly expand the bitcoin range.

[JihanAs]

every country should have a different provision on bitcoin there support it there are also banned.
obviously a bitcoin can be traded worldwide and fast transaction processing not through intermediaries, it is one of the advantages of the bitcoin.

[webdevmastery]

Other countries are not supported bitcoin and they have a law that when you're caught or saw using bitcoin they put in jail in 6 months and other countries government are banned bitcoin and some reason why other countries not supported bitcoin is because sometime they used it a tool or a way to do a criminal such as money laundering, drug trafficking, tax evasion, illegal payments, and also it is free from the taxes that's why many countries are not allowed using bitcoin.

I do agree on your statement , most of the governments has different laws on their country and they need to obey it, it was a very good idea if they will allow cryptocurrency because it helps people to get out of poverty.

[popoyuyun]

Perhaps in some countries hindered by economic and financial regulations, laws, and some other policies. Then people in the country still do not really understand about bitcoin.

[LegendOF45]

Many countries are afraid of bitcoin, this is because bitcoin can not be controlled so it can be used for speculators to play price, this is what makes many countries not supported bitcoin.

[blackbutterfly]

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 really dont know what is the reasons why that other country dont like bitcoin but for me the important is that my country here in Phil.like bitcoin.bitcoin is for the people that dont have permanent job or to those who are under graduetes like me thats why I really thank a lot bitcoin comes into my life.For me,dont problem what the other countries think about bitcoin.We must really thanks that here in our country bitcoin was already open for all....

[Obito]

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

Yeah that's right,there is some country that doesn't support bitcoin and i don't know there reason why is it they are neglecting the chances that there economy may be will rise up and grow more when bitcoin comes in there country.

[matthewtherry]

Countries tend to be afraid of bitcoin and they talk bad about it. I guess it is because bitcoin is untraceable and they don't like it

[fcf1081]

There are I think many reason behind it, also there are some factor contributing banning bitcoin in some countries, they can't still accept and adapt to its new system that's why it's risky, also it's decentralized what will happen they accept and implement it what will happen to their bank, to paper money..you see there are pros and cons for these...for them.

[bakiak78]

because people are going to choose bitcoin from real work why living in a nice sit down community will earn a lot of money and these countries are worried that Bitcoin will make their economy go down. Also some taxation issues have become theirs, because people prefer Bitcoin to avoid taxes.

[Zrs]

Yes. My country also banned  bitcoin.In fact the government give punishment for any kind of crypto-transaction.I think government afraid bitcoin as bitcoin is decentralized and it is  not in their hand as well.In addition, bitcoin throws challenges to the traditional banking system.

[danzo11]

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 some of the countries have their respective reasons to not support the bitcoin, for example like the country I live in. My country reasoned bitcoin prone money laundering, the funding of terrosim, and keeping the value of the currency of the country. As in the Dutch equate the bitcoin in history with the tulips became a currency as well. but the strength of the technology difficult to in weirs.

[XEOP$]

Bitcoin is completely inconsistent with any notion of country. The last has borders while bitcoin is not bordered at all.

[ohkkstaaahp]

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.

In some countries, Bitcoin is considered a forbidden and the governments in those countries do not accept any Bitcoin participant in any form because they are worried that there will be severe economic changes in their country. In fact, many people disagree with the laws of government and still participate in Bitcoin so far there are so many people rich in Bitcoin.