Why bitcoin is not supported in some countries?

[sherwinaze]

 Because they didn't manipulate  or control the bitcoin that's why they want to ban bitcoin in their country. they didn't know how bitcoin is very useful and profitable so sad to say the country that planing to ban bitcoin never understand how profitable bitcoin in their country.

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[Lhaine]

Many countries are banned and not supported bitcoin for fear that the presence of bitcoin is used for illegal transactions such as buying drugs, human trafficking, to money laundering, this is because the anonymous feature in bitcoin makes everyone keep the bitcoins unreliable.

Yeah, bitcoin can also use in illegal way that's why some countries banned it so people in their country avoid doing illegal, but the sad thing is they also can not use bitcoin because even in good way because it's banned in their country.

[genset88]

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

In many countries, Bitcoin is considered a stable currency and has helped the country's economy to grow, but many states are not eligible for Bitcoin. There are still a lot of people involved in Bitcoin that the government does not control.

[Nomadiens]

Bitcoin isn't supported in several countries but that doesn’t mean which you can't use it over there. we are able to find a number of countries wherein using bitcoin is criminalised however it is largely in those international locations that bitcoin turns into more useful. those are international locations who are going thru a fierce capital manage and that’s why bitcoin continues to be one of the exceptional options

[Gabriellefull]

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

Law is formulated by the government, they do not admit the legality of the currency, so the currency is illegal in that country, they don't know, bitcoin, think it is a bubble, chans to domestic economy

[cokkapaga]

Some countries is not supported of bitcoin, because they are afraid and the rules of the bank central or the goverment.
But some countries is support too like country of bellarus in this month and free tax there and it a gread news of crypto

[TEMONG]

With the growing popularity of the Bitcoin system as a virtual, de-centralized world-leading currency, there has been concern in regulation about the possible impact on real currency, tax implications, potential fraud and criminal use. This has led to many countries issuing legal regulations or guidelines for Bitcoin used in their respective jurisdictions.

[play1ife]

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

Because the government afraid of bitcoin and still don't understand how to use and control it with their own policy.
Bitcoin is out of government control right now. It as a great threat to their economy.

[koryu]

a big reason it is not supported is because governments dont have control over it. Its powerstructures that dont want to give away power and try and control this. Hence, you have countries like china and russia which are quite against it.

[CryptoCZe]

Because cryptocurrencies are technically difficult to control, and bitcoin to some countries and banks prevents getting their profit))

[jamelyn]

As what we all know, Government consider Taxes as its lifeblood. That without it, Government itself might cease to operate due to insufficient funds. In connection with that, there are some countries who are not supporting bitcoin because there are a number of people in their country who earns money through bitcoin and does not pay taxes. Thats how it works

[EinaiOraCoinDev]

I think because they protect their currency so that other country don't support bitcoin. There are many reasons why did not support because maybe it may cause people to financial harm. And they need to protect their currency. They afraid of many risk that's why they not support bitcoin. They not supported because more people wants to use bitcoin and the government afraid, because bitcoin have many benefits among all currencies.

[Activitycoin]

i think each country has different laws, so BTC want to develop, it needs to time

Yes it takes time to increase something and it will not be so far that bitcoin will be only one currency in country, in my place bitcoin is having a lot of investors and it will making bitcoin so high profit for every country people, adoption of bitcoin in every country is differentiates is just because some people of country are lack of knowledge and they are not aware of bitcoin benefits so within time this problem will be solved because now bitcoin is being so famous all around the world.

[tokexchain]

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

What everyone must know that there are some countries that actively use bitcoin s they are UNBANKED, meaning, they live somewhere where it is impossible for them to get a 'normal' bank account, so they have turned to Bitcoin and token assets, for everyday life!

Let's not always emphasis on the banks and financial institutions but rather than what we can do as common people!

[kache2018]

I think some countries do not accept cryptocurrencies because of their culture and government intervention as this will affect banks primarily and other financial institutions. As the trend spreads quickly and acknowledge as mode of payment to various daily transactions, this will eventually be widely accepted in the years to come.

[kolsernik]

It is because they can't control the price of Bitcoin. They can't control the up and downs of the Bitcoin. Also Bitcoin have doesn't have tax on it so the government will not have a benefit on it.

[Mr.Anonymous]

It is because they can't control the price of Bitcoin. They can't control the up and downs of the Bitcoin. Also Bitcoin have doesn't have tax on it so the government will not have a benefit on it.

Why not? The government are earning money from the profit of cryptocurrency trader in Japan, U.S, Untited Kingdom and many countries on the world. They have all information to know how many amount profit of every trader through exchange

[imking]

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 country bans the bitcoin because there a lot of reason and spectating regarding on bitcoin. The idea that I know, we all know that bitcoin is decentralized it means no one can’t control the bitcoin even the government don’t have access of the control the demand and the supply and mostly the value of the bitcoin. The last reason the I know because of the decentralized of the bitcoin the government can’t track the people or the investor they can’t add an income tax with it. In the short term, bitcoin is a fee from tax.

[gernoto]

Many bad peoples uses bitcoin as their fund transfer activity. They are using it for criminal activities such like drug dealer, weapon transaction, illegal transaction, black market activities. So the government aware this circumstances and warn to the society not to use bitcoin.

[jinhemei088@163.com]

Every country has its own policy, so it doesn't recognize it, because it's afraid of a financial bubble, leading to a crisis,