Why bitcoin is not supported in some countries?

[deisik]

Well for me, i probably think that they hate the fact that they can not and never will be able to control bitcoins. And you know governments dont love something they cant control, those countries that have accepted bitcoins are the countries that realized they cant do shit to stop it nor control the people not to use it, so they just go and take advantage of the benefits they can get and ignore the thing they cant do ahit about.
That's just in my own perspective tho

I strongly support that view

I also think that many countries quite naturally first chose to ignore Bitcoin completely hoping that it will kick the bucket on its own eventually. Some countries (like Russia) had even shown teeth and growled. Right now, when it has become evident that Bitcoin is going to expand, ignoring it any further would likely raise a lot of eyebrows among population and would be pretty stupid, as to me. Therefore, many countries would have at least to reveal their attitude toward Bitcoin somehow, that they are determined to regulate it in some way in the future (even if they are not in fact going to do anything)

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[rhamzter]

I think it was due to they affect the economy of country, because if the bitcoin were become famous currency in some country the original currency of the country were diminishing due to acceptance of the people. In addition value of bitcoin were more valuable than other currency of some country that's why they scared to accept or support the bitcoin in their country. 

[hawthelegend]

Well for me, i probably think that they hate the fact that they can not and never will be able to control bitcoins. And you know governments dont love something they cant control, those countries that have accepted bitcoins are the countries that realized they cant do shit to stop it nor control the people not to use it, so they just go and take advantage of the benefits they can get and ignore the thing they cant do ahit about.
That's just in my own perspective tho

I strongly support that view

I also think that many countries quite naturally first chose to ignore Bitcoin completely hoping that it will kick the bucket on its own eventually. Some countries (like Russia) had even shown teeth and growled. Right now, when it has become evident that Bitcoin is going to expand, ignoring it any further would likely raise a lot of eyebrows among population and would be pretty stupid, as to me. Therefore, many countries would have at least to reveal their attitude toward Bitcoin somehow, that they are determined to regulate it in some way in the future (even if they are not in fact going to do anything)

Exactly! They probably hate to lose control, that is why they hate bitcoins, but then they saw that lots of people are getting more and more into it. So, with them not wanting to look bad, which can cause rebellion or something like that, they then do what they need to do even if it is forced and against what they want just to save their images and their control over the people in their countries. Which i think, will happen with every country sooner or later.

[radamiel]

Bitcoin is not supported in some countries may be because bitcoin can not be managed or controlled, although traceable, how to track transaction is complicated and takes a long time, everyone can use bitcoin, maybe that's why bitcoin is not supported in some countries

[AlexGrov]

Countries all over the world have an ambiguous attitude towards digital crypto-currencies. Some fully support digital money, while others have not yet made a decision regarding such currencies.

[Xester]

Countries all over the world have an ambiguous attitude towards digital crypto-currencies. Some fully support digital money, while others have not yet made a decision regarding such currencies.

Maybe because not all countries are the same in terms of technological advancement.  Other countries do not have a nationwide supply of electricity.  Some still do not know how to use a computer.  While other countries have thoughts on using bitcoins as part of their currency.  It is hard for someoe to accommodate bitcoins since you will never know when a glitch in your computer will happen.

[dzoi06]

Bitcoin is not supported very vell in my country.We barely have heard about bitcoin and we did that on personal discovery.Media does not give any attention to bitcoin.They don't see bitcoin as the future of money.They only give attention to some "famous" people and lies they spread but that is other topic.

[cr1776]

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

They may claim it is because it is risky, but it is all about control. The power-hungry authoritarians all over the world don't like freedom and want to control people. This comes from controlling their money among other things. Bitcoin let's people control their own lives which the people running governments don't like.

[andrei56]

Many countries worry because bitcoin is anonymous, so it can be used for a variety of illegal acts such as money laundering and terrorism. Maybe that's the main reason many countries in the world not supported bitcoin

That is just an excuse, that is small potatoes compared to what bitcoin can do to shape the way finances work in the world, it is very obvious governments and banks see the potential and the risk of losing the profits they make by doing nothing, I think the reason we don’t see a ban on bitcoin is for the reason another like it can be created at will by anyone.

[CARrency]

Many countries worry because bitcoin is anonymous, so it can be used for a variety of illegal acts such as money laundering and terrorism. Maybe that's the main reason many countries in the world not supported bitcoin

That is just an excuse, that is small potatoes compared to what bitcoin can do to shape the way finances work in the world, it is very obvious governments and banks see the potential and the risk of losing the profits they make by doing nothing, I think the reason we don’t see a ban on bitcoin is for the reason another like it can be created at will by anyone.

You can't just say "another like it can be created". There no other digital currency like bitcoin, thay may have the same part though bitcoin is the original digital currency. You can't say like bitcoin, but another altcoin based on bitcoin.

[BeGoods]

Countries all over the world have an ambiguous attitude towards digital crypto-currencies. Some fully support digital money, while others have not yet made a decision regarding such currencies.

I think most countries prefer to ban bitcoin rather than allow the use of bitcoin in their country. Of course the government will see the bad side that will be given bitcoin to the government in particular.

[Pattart]

Countries all over the world have an ambiguous attitude towards digital crypto-currencies. Some fully support digital money, while others have not yet made a decision regarding such currencies.

I heard there was a country or some countries began to allow bitcoin to enter and be adopted by people in that country. I hope there are many other countries that will follow the country.

[onecall123]

As every nation has some different policy to control money laundering or further avoid any suspicious activity that could be hampered those country economy or any crisis. This type of rule, mostly notified third world country which have a poor economy.

[logicgate]

In most countries not many people know yet what bitcoin even is. Even here in u.s not everyone knows what bitcoin is.

yes I am agree with you the main reason of the bitcoin is not supported in some countries is that many people have no knowledge that what is bitcoin and how they can use it and so if I have know about bitcoin has to teach other person who can not know about bitcoin I hope that way bitcoin will spread in all countries and I think other reason is that some countries has difficult to manage bitcoin process.

[Gumpfire]

Based on what i red about bitcoin, why bitcoin is not supported by other countries ? Simply because we have different policies that some government really do not accept bitcoin and don't have any internet connection in some other countries just like in north korea, they don't have any internet connection there because of there behavior.

[ipungadhi]

Countries all over the world have an ambiguous attitude towards digital crypto-currencies. Some fully support digital money, while others have not yet made a decision regarding such currencies.

For some reason the state forbids the use of bitcoins. Whereas if bitcoin is legalized it will probably provide many benefits and benefits to their community, I hope there will be countries that start allowing bitcoin

[MetalGear]

Bitcoin is not supported by other countries because of their certain laws that does not allow the bitcoin in some countries. And some does not have an internet connection that would be able to allow the people into access with bitcoin.

[stompix]

Bitcoin is not supported by other countries because of their certain laws that does not allow the bitcoin in some countries. And some does not have an internet connection that would be able to allow the people into access with bitcoin.

Yet to hear about a country that doesn't not have internet connection.
And if you think about North Korea first it does and second it is only one country.

Who are the rest?

[Tungsten-1]

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

to me bitcoin is not supported other countries the main reason is that they will no knowledge about bitcoin.

[nod]

I think some country do not allow Bitcoin because they are scared about criminals, high tech criminals that use Bitcoin as their payment method, an uncontrolable way to pay