Why bitcoin is not supported in some countries?

[Papaczed]

There are many reasons why bitcoin is not accepted by some countries. Bitcoin, for example, is used by some criminals as a way of dealing with crime. Some officials have used bitcoin to transfer money, so some countries have banned it.

I agree with you that there are many reasons why until now some countries is still not supporting bitcoin, first of all is the bitcoin is can surely affects banks in the future so a lot of countries is afraid when it happens and some countries are afraid that bitcoin can be able to used by some criminals all over the world.

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[Paka1]

Each countries have different rules being imposed when it comes to nation's momey. They imposed and regulates on what they think is favorable for there country's economic status. Maybe one of the reasons why bitcoin is not acceptable in some countries beacause they could not take control of it, they don't get a hold any taxes from it because it is a decentralized crypto currency. Wherein one nation will lose money that could be use for there economic growth.

[Brangos99]

In every country has different reasons, like in my country, the government forbids the use of bitcoin for all digital transactions in my country, the government in my country is also afraid of bitcoin bubbles that can make bitcoin exchange rates rise and fall dramatically in a short time, with that why my country does not support bitcoin.