Why bitcoin is not supported in some countries?

[Ahimoth]

because every country has policies and regulations in managing their finances, some countries that do not give permission in the country because there are many other financial problems the state does not want to risk the flow of money if bitcoin has no assets or something to hold as a guarantee it will make finance a country happens inflation and even the monetary crisis.
my advice on bitcoin has a foundation that keeps him strong in terms of security, real and legal corporate forms that can control all the bitcoin activity as a bitcoin guarantee keeps it safe.

There's a lot of reasons why some countries doesn't want to use bitcoin. It couldis be the lack of internet in their area because we all know that bitcoin is related to it. Maybe it's the government who prevents to use it because they are afraid that they can't control it. Most of all is the security that they are thinking.

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[Hasitha1001]

actually Many of the reason as to why some countries don't support bitcoin is mainly because the Government fears that they will lose the control over the money supply as well as of the economy. They control everyone in the country by control the money supply. and bitcoin tries to break this control of the state

[Antivoid]

Bitcoin can be used in some bad ways, like money laundering, buy some illegal drugs or terrorists use it purchase their weapons. so government  has no choice but to banned their country to put away the risk of more people.

[Joushi]

There are actualy just a few countries where Bitcoin is actualy supported in legal way. All others are just tolerating or ignoring it or it's banned. The reason is probably because there is stil dominant thinking that Bitcoin is something connected with illegal activities or tax evasion, or the attitude is that Bitcoin is threath to financial system or the simply just don't know what to do with it.

I am agree with you.Those country should know about the bitcoin,its advantage.They should know that bitcoin will help those country to develop.What do you think?
Let me know...

[Elviragreg]

Actually, bitcoin is blocked by some rules in certain countries. That's why bitcoin is not supported. Bitcoin also still has a lot of risk to be accepted by a country to be an asset or payment system.

[cryp24x]

Some countries were just afraid of what can Bitcoin can do. I think ignorance makes them afraid. If they only knew what are the benefits of Bitcoin especially on their financial transactions. They also want to regulate Bitcoin so they can assure the public that they have the ability to secure their money. It is also believed that some use it on their wrongdoings such as illegal activities and money laundering.

What we can do now is that we must spread awareness on how Bitcoin works. Some leading countries accept Bitcoin due to its innovative characteristics. I think that’s the reason why rich countries are rich. Because they can easily accept and adopt to changes especially when it comes to technology and how beneficial it is to their country.

[elramsy]

Because it has the ability to circumvent regulations and some govt's see it as a way to fund illicit activity. Ultimately, a government aims to govern--whenever something arises that aims to cause some sort of disruption, governments will usually react in one of two ways: They will outlaw this entity entirely or they will try to implement some sort of legislature that allows them to maintain some control over it.

[elramsy]

Japan is an example of a country that has worked with the crypto movement and has exercised its governmental power to pass legislature with the aim of protecting its citizens from the inherent risks of crypto while also allowing the market to grow.

[P60]

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.

Same with my thoughts, I think Bitcoin is not supported in some countries because governments officials are not allowed to interfere on it. Maybe, they are threatened that people will keep choosing Bitcoin over fiat money.

[Pegasus101]

I think why did not support bitcoin in other country because government officials are not allowed to know yet what are the reason and on how to help the people.If they only knew what are the benefits of Bitcoin especially on their financial transactions. They also want to regulate Bitcoin so they can assure the public that they have the ability to secure their money.

[SnapDown22]

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 may be many reasons for bitcoin not being accepted in countries that reject bitcoin because they may be afraid of high inflation of their local currency, and they may also be afraid bitcoin will be a fundraiser in crime and criminal fields that may be in my opinion

[Markpet01]

Because bitcoin has no taxed that's why some countries not supported bitcoin and some is afraid that their money will change by bitcoin.

[sukma2013]

fear of replacing the original currency that is often used in the country as a valid transaction or payment instrument.
the fear of these countries will be the volatility and uncertainty of digital currency. another reason for fear if the digital currency is used as a financing of terrorism. that's why Bitcoin still can not be fully accepted in some parts of the developing world.

[Brigalabdis]

I think it is about the reason that bitcoin can do a huge amount of criminals.  Government cannot control bitcoin that's why they control the country to stop from using it.  Bitcoin is one of the most powerful thing in the world because it is online money that can use for some illegal things.  Bitcoin can use to buy some illegal firearms or illegal drugs.

Every country has own reason that's why they banned bitcoin but because of banning bitcoin, the price was always affected and now we can see that the price was too dump that anyone would be bored and give up to bitcoin.

[GsxR150]

The main reason is the fear of these countries will be the volatility and uncertainty of digital currency. In addition, as quoted from bitcoinbans.com, another reason is the fear if the digital currency is used as financing of terrorism.

[felicity06]

I think because they didn't understand the importance of btc and cant accept that it could be the future currency... And the reason why other country didnt support it because they have a low access in internet... We cant do anything about this...  But as for us who understand it... the only thing we need to do is to prove to them that Bitcoin is part of modernization...

[aryani]

The number of people who misuse transactions using bitcoin so many crimes that make transactions using bitcoin without having to involve other parties such as transactions that initially through bank services so crime can be easily tracked but with transactions using bitcoin it will be difficult to track.
It makes the country unable to support the existence of bitcoin

[lodi123]

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

Bitcoin is not supposed by our countries because they don't want to die their currency

[pushups44]

I think it all depends on how financially progressive a nation is. A prime motivation to ban bitcoin is fear due to its potentially very disruptive nature. Obviously some central planners will be nervous about a decentralized technology.

[Robotbitcoin22]

In my country there is a factor from banks that prohibit bitcoin and may affect other parties to have bitcoin banned in Indonesia. but now these bitcoins are allowed as digital assets not for transactions