Why bitcoin is not supported in some countries?

[mrbigmugs]

Depending on country but some countries are thinking that it will destroy there own economy what is of course not good.

Yes I agree with you. Some countries wich not support bitcoin is not really hate bitcoin. The country is not prevent their people to use bitcoin as currency in their region. The people still can use bitcoin without government supervision and responsiblity. I think those countries is just scare about changes, it is normal. I think they will accept  bitcoin in the future. So we only need until the time is come.

yes actually the users of bitcoin are not so much in these countries, actually bitcoin is still not so much introduce in these areas, i think they still need a good introduction of bitcoin so that people may start using it.

yes agree with you i also think so that the main reason can be that bitcoin is not yest so much introduce in these countries, there people may not be using bitcoin therefore they are not giving support to bitcoin.

[Bitcotalk]

Depending on country but some countries are thinking that it will destroy there own economy what is of course not good.

Yes I agree with you. Some countries wich not support bitcoin is not really hate bitcoin. The country is not prevent their people to use bitcoin as currency in their region. The people still can use bitcoin without government supervision and responsiblity. I think those countries is just scare about changes, it is normal. I think they will accept  bitcoin in the future. So we only need until the time is come.

yes actually the users of bitcoin are not so much in these countries, actually bitcoin is still not so much introduce in these areas, i think they still need a good introduction of bitcoin so that people may start using it.

yes agree with you i also think so that the main reason can be that bitcoin is not yest so much introduce in these countries, there people may not be using bitcoin therefore they are not giving support to bitcoin.

One of the reasons is that in these countries either the internet connection is not available or the people are poor and they cannot afford to pay the bills of internet of cannot pay the bills of electricity so they do not have internet access and cannot adopt bitcoin.

[Babayega31]

Depending on country but some countries are thinking that it will destroy there own economy what is of course not good.

Yes I agree with you. Some countries wich not support bitcoin is not really hate bitcoin. The country is not prevent their people to use bitcoin as currency in their region. The people still can use bitcoin without government supervision and responsiblity. I think those countries is just scare about changes, it is normal. I think they will accept  bitcoin in the future. So we only need until the time is come.

yes actually the users of bitcoin are not so much in these countries, actually bitcoin is still not so much introduce in these areas, i think they still need a good introduction of bitcoin so that people may start using it.

Its not supported by some other countries because government has no proper regulations of it and they cannot get taxes. People must learn using bitcoin so that implementation will be possible for those countries to adopt the uses of this kind of currency which is a crypto currency.This must me legalize so that economy could move towards bitcoin to its currency exchange as well as bitcoin price changes.

[btvGainer]

Depending on country but some countries are thinking that it will destroy there own economy what is of course not good.

Yes I agree with you. Some countries wich not support bitcoin is not really hate bitcoin. The country is not prevent their people to use bitcoin as currency in their region. The people still can use bitcoin without government supervision and responsiblity. I think those countries is just scare about changes, it is normal. I think they will accept  bitcoin in the future. So we only need until the time is come.

That is not true.I do not think any country hate bitcoin.There are various reasons for them to not support bitcoin.It is not that someone creates a coin,a lot of individuals adopt it and it Governments will follow the suit.It doesn't work this way

[juras54]

now just the initial stage of the development of Bitcoin and some governments do not really understand the consequences, and forbid not to risk the economy

[Kasabus]

Depending on country but some countries are thinking that it will destroy there own economy what is of course not good.

Yes I agree with you. Some countries wich not support bitcoin is not really hate bitcoin. The country is not prevent their people to use bitcoin as currency in their region. The people still can use bitcoin without government supervision and responsiblity. I think those countries is just scare about changes, it is normal. I think they will accept  bitcoin in the future. So we only need until the time is come.

That is not true.I do not think any country hate bitcoin.There are various reasons for them to not support bitcoin.It is not that someone creates a coin,a lot of individuals adopt it and it Governments will follow the suit.It doesn't work this way

One of the reasons I see why they do not support bitcoin is because they cannot get benefits from which is tax, they might earn from business operators specifically the exchange sites but it's not enough for them as they know the estimated circulation of bitcoin in their respective country.

[NEWGOODOUBLE]

now just the initial stage of the development of Bitcoin and some governments do not really understand the consequences, and forbid not to risk the economy

I think even though they prohibit the use bitcoin their country. it will not change anything on bitcoin, because bitcoin will still be able to survive and walk. users can still easily use it, it does not matter

[morgand]

Yes my country does not support bitcoin.. Jail time? ofc no.. No Law about bitcoin here.. they dont even know bitcoin exist.
What country really made bitcoin user as criminal?

[Fireblade]

Depending on country but some countries are thinking that it will destroy there own economy what is of course not good.

Yes I agree with you. Some countries wich not support bitcoin is not really hate bitcoin. The country is not prevent their people to use bitcoin as currency in their region. The people still can use bitcoin without government supervision and responsiblity. I think those countries is just scare about changes, it is normal. I think they will accept  bitcoin in the future. So we only need until the time is come.

currently they are using their own currency and they not feeling the need to use bitcoin, but as bitcoin is the currency of the new era therefore in fture they are going to adopt bitcoin as online currency when they will know the importance of bitcoin.

[farhaan]

Governments fear bitcoin as they face huge loss in tax revenues. They also suffer loss in transaction fees due to transactions done through bitcoins. They think that illegal money is easily sent to their countries from abroad through bitcoins.

[warwar]

Governments fear bitcoin as they face huge loss in tax revenues. They also suffer loss in transaction fees due to transactions done through bitcoins. They think that illegal money is easily sent to their countries from abroad through bitcoins.

Agree! It is all about that government thinking that bitcoin well i could really say that bitcoin is used in the illegal activities because we all know that it is anonymous and it is very fast and just a minute then youll recieved the payment! It is being used in deep web to buy some drugs and other illegal activities! Thats really the reason why government will not support bitcoin

[johnnyyash]

I think it depends on the government policy..if it should be accepted or not...for a particular country.....Bitcoin is known and accepted in my country for exchange...and becoming known..

[dunfida]

Governments fear bitcoin as they face huge loss in tax revenues. They also suffer loss in transaction fees due to transactions done through bitcoins. They think that illegal money is easily sent to their countries from abroad through bitcoins.

Agree! It is all about that government thinking that bitcoin well i could really say that bitcoin is used in the illegal activities because we all know that it is anonymous and it is very fast and just a minute then youll recieved the payment! It is being used in deep web to buy some drugs and other illegal activities! Thats really the reason why government will not support bitcoin

Illegal transaction and Tax evation is the main cause why most government would not like to support bitcoin and thats why they decide to ban it no matter what because of these two things and they really blocking the bitcoins adoption because they are seeing the negative side of bitcoin.

[Supercrypt]

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.

It’s difficult to regulate bitcoin when, in fact, regulations vary from country to country.
The only similarity may very well be those countries where cryptocurrency is banned or restricted.

The issue of how it is classified also comes up again when looking at a global view of bitcoin. Australia for example wants to tax bitcoin like other commercial transactions but also cautious after security concerns.

[Bitcoinsummoner]

Governments fear bitcoin as they face huge loss in tax revenues. They also suffer loss in transaction fees due to transactions done through bitcoins. They think that illegal money is easily sent to their countries from abroad through bitcoins.

Agree! It is all about that government thinking that bitcoin well i could really say that bitcoin is used in the illegal activities because we all know that it is anonymous and it is very fast and just a minute then youll recieved the payment! It is being used in deep web to buy some drugs and other illegal activities! Thats really the reason why government will not support bitcoin

Illegal transaction and Tax evation is the main cause why most government would not like to support bitcoin and thats why they decide to ban it no matter what because of these two things and they really blocking the bitcoins adoption because they are seeing the negative side of bitcoin.

I think many reason why they are not supporting bitcoin in some countries. i am lucky that i am the place that bitcoin is not ban in my country..
And i think the other reason bitcoin is still not officially accepting in local and there is no customers protection only you or us can protect our wallet..
Unlike paypal that they are giving charge back protection if they are not receive product according to their deals..

[South Park]

Depending on country but some countries are thinking that it will destroy there own economy what is of course not good.

Bitcoin cannot destroy the economy of any country, in fact bitcoin purpose is the opposite of that, because it allows people to use a currency without any interference of anyone no matter where you are or what you are selling.

[comrades]

Many countries did not support bitcoin , because in bit coin only person to person transaction via internet happen and in that way the government never earn taxes.

[Munna98]

yes, bitcoin is not supported in many countries. I live in Bangladesh and bitcoin is banned here. As you see cryptocurrency like bitcoin becoming popular day by day,so there is a high risk that it can replace ones country's currency. And also price of cryptocurrency like bitcoin isn't stable or fixed. So government ban cryptocurrency for it's contry's good.

[Finestream]

yes, bitcoin is not supported in many countries. I live in Bangladesh and bitcoin is banned here. As you see cryptocurrency like bitcoin becoming popular day by day,so there is a high risk that it can replace ones country's currency. And also price of cryptocurrency like bitcoin isn't stable or fixed. So government ban cryptocurrency for it's contry's good.

It will become popular but will not replace a countries own currency, people elected officials to run the government so they trusted government and whatever the government would impose, people are obliged to follow the law. Bitcoin is something that will not be promoted by the government as they have their own currency, it's just simple.

[Kevinde]

It depends on the country you're in,if you're living in a communist country like North Korea you will have no chance to stock Bitcoin,some countries are very much regulated and they don't want their citizen to participate in something that they cannot grasp.I'm just lucky to be in a country where people and the government are open minded.

yes, I agree. These communist countries are very difficult to use bitcoin and They are scared of bitcoin because it will destroy their private currency and their private currency is not much valuable .