Why bitcoin is not supported in some countries?

[Yakamoto]

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

Some countries don't want their people using Bitcoin within their economies and potentially mucking up heavily regulated or controlled systems, others don't like having people free of the fiat currency, and I don't know why other countries ban it. There are a lot of unique cases and there are no specific answers for anything.

[canah17]

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

I think they can't really trust bitcoin yet because they don't really trust the company of bitcoin yet but if they knew how can bitcoin change their life style they would accept bitcoin as a child with many gifts given but still countries are not really carry bitcoin because some of them are poor that they cannot support in their country so they brag about its a hacking service that if you have it your personal info will be discovered but really its their lose if they won't support bitcoin let it me known to them that bitcoin is one powerful thing in the internet it helps many of the users gain profit and donate some of their bitcoin to charity also i did it yey! but to think that some day they will be the ones will surely support bitcoin if bitcoin will be as bigger than before and i think you can buy some legal stuff with using bitcoin and the government cant trace it because many people are using bitcoin and not all personal info get access but that's what i have observe from i read

[MingLee]

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

I think they can't really trust bitcoin yet because they don't really trust the company of bitcoin yet but if they knew how can bitcoin change their life style they would accept bitcoin as a child with many gifts given but still countries are not really carry bitcoin because some of them are poor that they cannot support in their country so they brag about its a hacking service that if you have it your personal info will be discovered but really its their lose if they won't support bitcoin let it me known to them that bitcoin is one powerful thing in the internet it helps many of the users gain profit and donate some of their bitcoin to charity also i did it yey! but to think that some day they will be the ones will surely support bitcoin if bitcoin will be as bigger than before and i think you can buy some legal stuff with using bitcoin and the government cant trace it because many people are using bitcoin and not all personal info get access but that's what i have observe from i read

Periods, my dude. I need you to use some periods.

I don't think that a lot of countries that avoid using Bitcoin simply don't trust Bitcoin. A lot of political power comes from the control you get of maintaining a currency, and through that currency you control what you're people do, how your country performs in international trade, and so on and so forth. No longer having control over your money (and by proxy, your people) is something a lot of countries cannot afford.

[erikalui]

Bitcoin is illegal in some countries like Bangladesh, Bolivia, Russia have already banned the currency and declared that the users who are involved would be jailed. They did it as they fear this currency being used for illegal activities like drugs and terrorism and it even hampers their own economy as people avoid taxes by holding crypto currencies. Regarding mining, I'm yet to to find a guide/tutorial that explains the process and the cost we would need to bear. Your electricity gets used if you own a miner and the rewards also are not high.

These are articles that can help you: https://en.bitcoin.it/wiki/Why_a_GPU_mines_faster_than_a_CPU
https://www.bitcoinmining.com/faq/

[SvenBomvolen]

   Answer on this question depends from country we talk about, countries have different laws. People who create laws sits there, and they are not always smart. Corrupted governments create laws against bitcoin and thats why bitcoin is not supported in every country.

[Shenzou]

In some countries people are still not aware of bitcoin even exists , hell in some countries people don't even have internet access so trying to teach them about bitcoin is worthless , i mean even if they do know about it the economy of the country does not allow them to accept it as a payment because it is still not used as an international currency, maybe there is a minority that uses bitcoin but usaly they exchange it into fiat through other countries that support it.

[bncbnc]

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

Some countries don't want their people using Bitcoin within their economies and potentially mucking up heavily regulated or controlled systems, others don't like having people free of the fiat currency, and I don't know why other countries ban it. There are a lot of unique cases and there are no specific answers for anything.

i thin these countries must have some limitations from bitcoin.

[angaper]

We have to be aware that bitcoin does not suit the perverse interests of today's economy. Further adoption of bitcoin would mean severe damage to current financial stability, especially as banks would be affected and the state could stop receiving its injurious taxes, so some states are beginning to take action to prevent the spread of use of bitcoin in their respective territories.

[The_Dark_Knight]

What is your first reaction, when you are confronted with something new and strange? Fear ...Some countries are governed by dictators, who will do

anything to keep control over their citizens. They have used the financial system in their favour for years, to manipulate people. They determine

how much money leave the country and on what it is spend. Bitcoin can be used to circumvent capital controls, so the natural thing to do is for

them to "fear" this technology and to over regulate or even to ban it. This will be their loss, because Bitcoin is the future of money. 

I suppose everyone is different then, when I see something new and that I did not know, the first thing I think is How does it work? But you are right those that have power are afraid of losing it, they see bitcoin and they don't see a marvelous new technology, they see a rival.

[ufaiz50]

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

countries think that bitcoin has no form (anonym) like fiat, and bitcoin used for illegal acts or helping illegal acts as fund in their country it's based on some of the articles I've ever read

[Cassavas]

Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..

[aardvark15]

I think the biggest reasons some countries are afraid of Bitcoin are that it is hard to regulate and there are fears of people using it for illegal activities. Over time, some of these issues will gradually go away.

[ilovefeetsmell]

Banning bitcoin and not supported in some countries? Is it the same situation? I will give my thoughts about it! The legality of your bitcoin activities will depend on where you live, and what you are doing with it. Some countries like Australia and Canada are still discussing on what and how to do bitcoin legally. Some countries use the bitcoin or "virtual currency" as a personal benefit so the Government debate about the taxpayers that who can receive the income per month could be required to report it as taxable income.

[Mbah Slamet]

Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..

This is a compelling reason, this is because the bitcoin can not be controlled. of course it could damage the country's economy. The best possibility is to make your own digital currency that can be fully controlled.

[carlisle1]

there may be a possibility that they don't accept bitcoin in some countries because they have a different law from country of course and they may saw the possibility that bitcoin could ruin their economy or more people will find a way to escape from some taxes but not just that I guess they also banned bitcoin from their country because there's also a possibility that some people will use bitcoin to commit an illegal activity but it's just my opinion .

[TastyChillySauce00]

Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..

This is a compelling reason, this is because the bitcoin can not be controlled. of course it could damage the country's economy. The best possibility is to make your own digital currency that can be fully controlled.

By seeing that bitcoin is now not yet popular among people in this world or I could say that people who knew bitcoin are only the minority and honestly the pretty small amount of people in percentage it's couldn't really threatening a countries' economic. The impacts aren't that big to an economy when people are buying bitcoin there might be a time that they will exchange it to fiat again because their purpose of buying bitcoin mostly to get profit not to take advantage of its feature

[noictib]

Many countries had banned the Bitcoin by  saying that it is illegal and a wrost way to make money . But actual reason to ban Bitcoin was only it freedom and no control by government .
Actually those countries not getting any tax fir such online money  ,.due to This reason they banned Bitcoin .
But actually Bitcoin is safe and trusted , that is understand by the most of country and is using by use .

[Wind_FURY]

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

I have never heard of such news because there are no laws that make Bitcoin illegal. There are other laws at present used to make the conversion of Bitcoin to fiat illegal. But laws making Bitcoins illegal per se, there are none. Please cite any news or articles and please post them in the OP.

[lite]

Many countries had banned the Bitcoin by  saying that it is illegal and a wrost way to make money . But actual reason to ban Bitcoin was only it freedom and no control by government .
Actually those countries not getting any tax fir such online money  ,.due to This reason they banned Bitcoin .
But actually Bitcoin is safe and trusted , that is understand by the most of country and is using by use .

Yes, control is the main reason why government threatens bitcoin users for punishment and such. but such things won't stop us from buying or using bitcoin, i have most of my money in bitcoin and i'm really liking the way bitcoin price is moving upwards!  

[crygirl-1]

1.Out of government regulation
2.Speculative risk
3.Higher money laundering risk
4.Trading platform vulnerable and vulnerable