Why bitcoin is not supported in some countries?

[inquisition15]

Bitcoin wasn't supported in some countries because they're not thinking that Bitcoin is fit with them, specially in the way Bitcoin work, it's too anonymous, too freedoms and not being undercontrol at all.

[1714724978]

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[LastRolling]

The reason why other countries doesn't support bitcoin because they didn't look the good side of it. They just stick to the idea that bitcoin will drives you in to losses in the end.
So by this, they may thought that it is not good to use and patronize bitcoin.

[vladimirnesgibaev1]

To implement Bitcoin payment, you need to open a purse, enter the address of the recipient bitcoin funds, specify the amount and confirm your intention by clicking "send".

[Klintiv]

why bitcoin is banned in some countries? the reasons for each country are different. but the main reason for the ban was the anonymity of bitcoin and its use for criminal purposes

[NNMT]

Since there is no guarantee for the Bitcoin virtual currency, the Bitcoin value is speculative, and the user is at risk of losing the Bitcoin exchange rate unexpectedly, so some countries in the world are forbidden use bitcoin

[nowlscor18]

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 bitcoin was not supported for some country because the price will not stable and if that so other country will not recognized it as my observation.

[guxu219]

Among countries to own illegal bitcoin within the past area unit People's Republic of Bangladesh, Bolivia, Ecuador, and Kirghiz. The bans appear to own had very little result on the worldwide bitcoin network.These countries area unit of very little consequence to world cryptocurrency liquidity or global blockchain trade direction.

[Docafid888]

Because the government is afraid because the transaction with bitcoin is not through their bank, and they wont get any cut or taxes by it, and the another reason that the paper money wont get any value or just dropping from time to time, in my opinion.

[clvchb]

It will take a long time for all countries to admit it. I think that some countries are only scared of change. This is normal. I think they will accept Bitcoin in the future. The countries that have already recognized Bitcoin will play a leading role in guiding the whole time, so we only need to wait slowly!

[irinalevina456]

All greetings. Now there is a big hype on crypto currency especially on bitcoins because they are more stable the most popular exists already Long enough for this reason Who wants to make money on them I recommend investing. Now working projects is a monitor

[Bessta]

Because some countries are afraid that it will be used for illegal activities such as financing the terrorists, for money laundering and other criminal related activities. Another reason is that banks  which are protecting their business interests are trying hard to thwart the bitcoin which is decentralized in nature.

[ajoygb]

It depends upon their governing policies about cryptocurrencies and that we need to respect. And maybe because they don't have enough knowledge on what or how bitcoin is being operated.

[Activitycoin]

Among countries to own illegal bitcoin within the past area unit People's Republic of Bangladesh, Bolivia, Ecuador, and Kirghiz. The bans appear to own had very little result on the worldwide bitcoin network.These countries area unit of very little consequence to world cryptocurrency liquidity or global blockchain trade direction.

No for me it is not the reason mare because as much as I know bitcoin is being loves by all people around the world only because it does not have only one price like all other currencies but it changes, I think bitcoin is not supported because they don’t know how to manage or use this as a few of them, but if we will make them like and will give them good info about bitcoin then they will accept bitcoin for sure.

[xidireti382]

Some countries or their governments are very conservative, and they reject any attempt to break or circumvent their normal economic system. And they just ban bitcoin or all other digital assets.

[nitrinto]

I think they do not support bitcoin because they believe that bitcoin cannot be controlled or taxed, and they also believe that bitcoin can be used for illegal actions that would increase the crime rate

[Coinnosaurus]

Every country has its own political and economic systems. And of course it’s hard to trust for the government with something that they can't regulate.

[NowYouAreSee]

The task of any state is to control citizens. Bitcoin allows people to get out of control and dislikes regulators.
Therefore, it is now easier for the state to prohibit bitcoin until they understand how to control it.

[anahawjeff21]

Yes, because of tax issues, and its really hard to monitor the flow of the bitcoin, its price is not yet stable, and one of the important reason why they dont support bitcoin is because some people use bitcoin in illegal transactions and purposes.

[dodz031718]

I believe each country have their own policy so obviously we can see some other country has different rules, and some of them thinks that bitcoin will make their economy go down thats why until now the existence of bitcoin in some country is still not recognized.

[aoebtc01]

I saw many countries have input own cryptocurrency in the market. This is a good sign.