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Author Topic: Why bitcoin is not supported in some countries?  (Read 98431 times)
kee kee
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April 16, 2018, 03:16:45 PM
 #3101

Bitcoins are not supported by governments in some countries because they want to control the money and Bitcoin can not be controlled because it is decentralized. Grin
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keep bibi
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April 16, 2018, 03:17:03 PM
 #3102

Because bitcoin can be used for illegal activities so some countries have banned it Angry
maria tugo
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April 16, 2018, 03:17:36 PM
 #3103

The bitcoin ban will only make people interested in it, thus increasing the bitcoin's popularity. Possibly governments are holding a lot of bitcoin
michael aci
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April 16, 2018, 03:18:01 PM
 #3104

Allowing the use of bitcoin in a country may affect the supply of money as fiat's demand may require more notes that may cause inflation and central bank stress Cheesy
wiliam robin
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April 16, 2018, 03:18:25 PM
 #3105

7.
Because basically many countries do not understand bitcoin. They only think about the evil that happens if the bitcoin is accepted
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sofia male
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April 16, 2018, 03:18:54 PM
 #3106

I think a country does not accept bitcoin because they think the risk of bitcoin is greater than the benefit. Therefore, they decided not to accept bitcoin, especially for underdeveloped countries Shocked
TomLynch
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April 16, 2018, 03:19:03 PM
 #3107

Because Governments are really concerned about the bitcoin when every one start investing in bitcoin then no one will save their money in banks in the same manner it will create an impact for Government so they do not support.
lead momo
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April 16, 2018, 03:19:16 PM
 #3108

Bitcoins are not supported in some countries because: they can reduce their profits in the bank
denden king
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April 16, 2018, 03:19:38 PM
 #3109

Bitcoins are not supported in some countries because: they think bitcoin is illegally abused by criminals Sad
jame miler
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April 16, 2018, 03:19:57 PM
 #3110

Bitcoins are not supported in some countries because: they can not help their economy Grin
Fernando miles fm
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April 16, 2018, 03:20:15 PM
 #3111

Currently, bitcoins are more common in gambling and pornography because people want to hide their identities. Due to the problems that can not be tracked, governments do not accept it. Grin
loong loong
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April 16, 2018, 03:20:37 PM
 #3112

Because bitcoin is decentralized and can not be controlled by the government, bitcoin will never be profitable for the government Sad
Chard bon
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April 16, 2018, 03:20:51 PM
 #3113

Because bitcoin can cause a lot of trouble if they allow the use of bitcoin Grin
olaaaaa
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April 16, 2018, 03:21:08 PM
 #3114

Because some countries do not know about bitcoin and do not know how to use bitcoin to boost their economic growth. And maybe they just do not like something they can not control Shocked
Kellerman k
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April 16, 2018, 03:21:25 PM
 #3115

Because the government can not make a profit from bitcoin and can not even calculate taxes because it is decentralized Cool
dash ha
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April 16, 2018, 03:21:45 PM
 #3116

There are still many countries concerned about the use of bitcoin. They fear that bitcoin may undermine economic stability in their country Tongue
taiwa han
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April 16, 2018, 03:22:09 PM
 #3117

They fear that bitcoin will be mainly used for illegal products such as drugs and money laundering
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Lincoln burrow lb
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April 16, 2018, 03:22:24 PM
 #3118

The common reason countries have banned bitcoins since they can not cope with bitcoin's anonymity Cheesy
sofia lisa
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April 16, 2018, 03:22:41 PM
 #3119

These are mainly countries where a very weak economic system. So the government thinks that due to the popularity of bitcoin, the economic situation is getting worse Roll Eyes
fiend91
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April 16, 2018, 03:49:39 PM
 #3120

We known that every country have their own constitution or governance which must be followed by every citizen of those country .it is banned to investigation in other country so  bitcoin is not supported  in some countries.
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