Why bitcoin is not supported in some countries?

[NEWGOODOUBLE]

well the bottomline there is that each country has its own rules, laws and regulations.  if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country,  its their law.

Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.

I think most countries also prohibit the use of bitcoin, they are almost the same reasons the government may fear the legalization bitcoin, there will be more money laundering and other crimes

[1714876991]

1714876991

[slapper]

well the bottomline there is that each country has its own rules, laws and regulations.  if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country,  its their law.

Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.

The migrating process takes alot of money and it is not easy as you thought. If you do not have money as well as some ID or paper, you will be an illegal Immigrant and surely you will be banned or arrested by the police. Since countries which do not support Bitcoin are under-developed ones, it is even harder to move from this country to another country to live

[simon66]

A lot of countries are scared that bitcoin is going to take away their control.. And rightfully so..

Be afraid, be very afraid.. All those who oppose liberty..

[TastyChillySauce00]

well the bottomline there is that each country has its own rules, laws and regulations.  if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country,  its their law.

Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.

I think most countries also prohibit the use of bitcoin, they are almost the same reasons the government may fear the legalization bitcoin, there will be more money laundering and other crimes

You must realise that bitcoin itself actually more transparent than local currency and it's pseudo-anonymous. Every of your transaction can be traced while if someone using an ordinary local currency it's nearly impossible.
And also bitcoin can't trigger crimes because it's just a currency, even bitcoin doesn't have brain to spend itself LOL.

[roadbits]

well the bottomline there is that each country has its own rules, laws and regulations.  if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country,  its their law.

Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.

The migrating process takes alot of money and it is not easy as you thought. If you do not have money as well as some ID or paper, you will be an illegal Immigrant and surely you will be banned or arrested by the police. Since countries which do not support Bitcoin are under-developed ones, it is even harder to move from this country to another country to live

Correct if we moved to Bitcoin accepted country then our life will be in very trouble. Because this bitcoin is still not a stable currency we can not trust this currency. It may go down anytime. And our governments don't have time to track these bitcoin records, so they are not ready to take the risk that is why all countries are banning Bitcoin.

[Weatherby]

Very simple, because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin

The laws and regulation can be written at any time and so it is not the big fuss here regarding bitcoin but the real scare for the banks is that it might create an alternative sort of investment and banks will be kept dry and without funds banks will close and that is the biggest fear and so it might be the reason you see many non friendly bitcoin countries around the world.

[lol3c]

Very simple, because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin

Well it is exactly what I am thinking about. Because the government can not control Bitcoin, they have to promulgate some restriction in order to lessen the power of bitcoin. However, in the future, I think many people will try to break the rule and the Government can not do anything but accept Bitcoin as an optional currency

[Blitzboy]

Very simple, because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin

The laws and regulation can be written at any time and so it is not the big fuss here regarding bitcoin but the real scare for the banks is that it might create an alternative sort of investment and banks will be kept dry and without funds banks will close and that is the biggest fear and so it might be the reason you see many non friendly bitcoin countries around the world.

Yes I agree with you, it's not such a big deal for the governments to write and establish regulations on bitcoin but the thing is that if bitcoin is legalised in their countries, the fear that bitcoin will rise to the challenge and quickly become popular and dominate the economic systems will appear and banks will somehow become less useful and to some points, banks will have to leave the place for bitcoin. And one thing for sure that the governments don't like their things to be ruined, so some countries have banned bitcoin.

[South Park]

I think the major things reason  why bitcoin is not supported in some countries is they maybe thinking that it is a kind of threat to their businesses in their economy. But they never check the advantage of it for what bitcoin can do to their country.

When a revolutionary technology is invented there is always opposition of those that will be affected by this new technology, when electricity became available there was a campaign against it by Rockefeller, why? Because he was affected by it.

[GMPoison]

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

probabaly because bitcoin cannot be controlled by the government. sometimes we find government take profit too. so it is possible if they think they cannot control bitcoin in order to get profit, so they banned it. IMO

besides, bitcoin can be used by criminals and delete their tracks. so they cannot be arrested.

Actually you can never delete your tracks because of how the blockchain works. You can wash your coins but the trail is still there. Cash is much more anonymous. You're right about the first part though, governments are scared because they cannot control nor manipulate it.

[Gameroid]

well the bottomline there is that each country has its own rules, laws and regulations.  if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country,  its their law.

Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.

i think sill no one may feel the need to leave their state, because i have never heard that some one may have caught or charge by the government because of using bitcoin, i think still states are not going to stop people from using bitcoin and may be still they thinking to legalize bitcoin for their people.

[Superways]

In the beginning it was a problem that some countries were against Bitcoin but now I think every country have people who are using Bitcoin without any problem . Only people who do not have internet connection are unable to adopt bit pin without them Bitcoin is supported everywhere in the world.

[rizkyhiw]

well the bottomline there is that each country has its own rules, laws and regulations.  if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country,  its their law.

Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.

i think sill no one may feel the need to leave their state, because i have never heard that some one may have caught or charge by the government because of using bitcoin, i think still states are not going to stop people from using bitcoin and may be still they thinking to legalize bitcoin for their people.

Even in china several years ago or last year if i remember correctly
Their government ban bitcoin and threat to those people who use bitcoin will get a penalty
But until now so far so good , nothing happened as actually nothing can stop us using bitcoin
Some country is really not ready yet to adopt some strange / new thing like bitcoin.

[gilangIDR]

because the existing regulations in each country is different. some regulations even say that bitcoin is a volatile investment. so many countries are afraid to use bitcoin.

[n0ne]

well the bottomline there is that each country has its own rules, laws and regulations.  if the decided to ban bitcoin due to some reasons them we can not do anything about it cause its their country,  its their law.

Or we can just move to some other country, which is more tolerant to Bitcoin. A lot of bitcoin-related businesses are currently migrating from non-supportive countries to those which are more open.

Each country depending upon various factors doesn't regulate bitcoin within the country. Also just for this reason migrating to countries supporting bitcoin is risky. I believe that every country currency has a long history which fades off if bitcoin gets regulated. So to be with their own identity, always try to stop the usage of other currencies.

[nanay777]

Bitcoin "original intention" is a center of self managed currency system, completely different from the central control system of legal tender.
Countries can not recognize and open up an uncontrollable trading platform, will undermine the interests of the state.

[conected]

Very simple, because some countries scared many people use Bitcoin to launder money, banks not control Bitcoin, and important is Bitcoin not formally linked to the laws and regulations of any central government, so government not supported Bitcoin

Well it is exactly what I am thinking about. Because the government can not control Bitcoin, they have to promulgate some restriction in order to lessen the power of bitcoin. However, in the future, I think many people will try to break the rule and the Government can not do anything but accept Bitcoin as an optional currency

I hope in the future Government will not accept Bitcoin, because if Governmen accept Bitcoin, Bitcoin will have tax. I don't hope its happen

[Diced90]

Bitcoin being a decentralized currency will not attract any government not until  they have it under their control which is not possible for now. And for this reason it makes bitcoin usage difficult on a large scale.

[YuginKadoya]

Bitcoin being a decentralized currency will not attract any government not until  they have it under their control which is not possible for now. And for this reason it makes bitcoin usage difficult on a large scale.

Well yes you are right! any kind of country would not Absorb bitcoin because of it's system and they can not have their hands in controlling it, that is why there are countries that are forbidding bitcoin from being use by their people but there are some countries that have many merchants that keep on accepting bitcoin and I think countries that have a leader or government that wants their country to keep on going up would used bitcoin as a source of income for the growth of their people and the country!

[xIIImaL]

Bitcoin "original intention" is a center of self managed currency system, completely different from the central control system of legal tender.
Countries can not recognize and open up an uncontrollable trading platform, will undermine the interests of the state.

Exact point is decentralized money, Until government accepts bitcoin as the centralized money we cannot expect the bitcoin to wide spreaded. I have read that coindesk about the blockchain gonna acquire by the US commerical department. May be US government take lead on it and adopt it. Hope and wait for the best.