Why bitcoin is not supported in some countries?

[TastyChillySauce00]

I would think Bitcoin wouldn't be accepted in any country based on the simple fact that a country wouldn't want to be giving up control over all the money that is using within their economy, this is the reason that governments impose stringent regulations on Bitcoin all the time in an effort to curb the usage of it on a real scale. At the moment we're a small niche community and I think we haven't been able to break out into the mainstream because the government doesn't want us to.

It's simple, they want control and if Bitcoin was used by people they'd be losing this control in which they love.

maybe some country looks bitcoin like criminal , scam , MLM etc so goverment prohibit it

Nope, they know it's not a scam. They want to be running the show, not a decentralized group of people using an online digital currency.

Just make the bitcoin as an alternative for your country and there's not going to be a problem, As for now, bitcoin have recognised in the U.S.A as digital property and in japan as legal tender. If the users of bitcoin in your country is just minority and not even a quarter of the total population, bitcoin can't control the whole economy and ruin the country, just my 2 cent.

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[NEWGOODOUBLE]

I think as long as you have internet connection you can use bitcoin anywhere. You know the government will never legalize bitcoin but that does not mean btcoin is not support in all countries

[Gens09]

We all know north korea we know that bitcoin is banned in that country it's just because of the government is controlling the currency but bitcoin is anonymous and cannot be control by a certain country so what they do is banned it many country do not banned bitcoin in there country but it is not there main currency they are using they are just using there physical money and maybe only some people just use bitcoin.

[Biggapp]

I think as long as you have internet connection you can use bitcoin anywhere. You know the government will never legalize bitcoin but that does not mean btcoin is not support in all countries

yes you are right that bitcoin is an online currency and it depend on internet, those countries where there is internet connection so that countries are able to use bitcoin and where there is no internet access so they could not join bitcoin forum and simply could not use bitcoin .

[Janation]

I think as long as you have internet connection you can use bitcoin anywhere. You know the government will never legalize bitcoin but that does not mean btcoin is not support in all countries

yes you are right that bitcoin is an online currency and it depend on internet, those countries where there is internet connection so that countries are able to use bitcoin and where there is no internet access so they could not join bitcoin forum and simply could not use bitcoin .

Yes, if you have internet, you can access your bitcoin wallet. Every country can access the internet and I don't think that there are places in the world without internet, unless there are no people living there. There are just some countries that censor some sites or track some people whenever they surf the internet. I don't know why, but I think I will be really bored if I will live in that kind of place.

[poetra2501]

The leaders of the country (the countries where bitcoin is considered banned or illegal) have probably didn't understand the possibility of it. Maybe they heard a bad rumor that it's for illegal stuff but it really depends on how you are going to use bitcoin. They are scared that their people can be scammed or something like that.

It is not just about that. It is their currency that could be threaten if the people see it could be the future. No paper money means nothing for them to steal. Corruption, that is all the reason they are preventing it.
Problem is the people dont even know it yet and they are doing methods to let it stay that way. People not having knowledge to what is beyond their country's black side.  

Yeah they fear if the Bitcoin can be used as a valid means of payment.
One of their reasons is Bitcoin used as Money laundry. But I beleive if
someday they will be aware of and will use the Bitcoin as the official money.

[bravehearth0319]

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

Maybe because they've been thinking about  that bitcoin was a threat to their country, or it can be that they are totally blinded into the edge of bitcoin, something like that. Or lastly, poor of knowledge in bitcoin.

[Sadlife]

The main reasons why some countries doesn't want to legalize bitcoin is because of it's volatile price in the market.
And it's anonymous feature that you cant track where the payments came from or a person's source of income.

[1Referee]

Maybe because they've been thinking about  that bitcoin was a threat to their country, or it can be that they are totally blinded into the edge of bitcoin, something like that. Or lastly, poor of knowledge in bitcoin.

In most cases governments know very well what Bitcoin is capable of, and let that exactly be their main motive for forcing through ridiculous policies in order to slow down Bitcoin's adoption. I am quite sure that we haven't seen the real face of the governments yet. If Bitcoin continues to grow larger, which I believe will be the case, then at some point current regulations will be a joke compared to the things governments will come up with. Poor knowledge of Bitcoin is something that certain (lower level) politicians are suffering from.

[Fireblazer]

The main reasons why some countries doesn't want to legalize bitcoin is because of it's volatile price in the market.
And it's anonymous feature that you cant track where the payments came from or a person's source of income.

Yes, many are afraid that in a few years he may disappear and do not want to bother. And they want to keep track of all operations.

[jovs]

There are actualy just a few countries where Bitcoin is actualy supported in legal way. All others are just tolerating or ignoring it or it's banned. The reason is probably because there is stil dominant thinking that Bitcoin is something connected with illegal activities or tax evasion, or the attitude is that Bitcoin is threath to financial system or the simply just don't know what to do with it.

Bitcoin is a crypto-currency that transaction is powered by internet. Even most of the country has internet or web some country do not take action to legalize bitcoin on some reason. One is because of its transaction identity matter where transaction is not open on other people except the one  who will do that transaction. And in fact if the government have the power to manipulate bitcoin corruption may lead resulting on a too much power and money.

[tabas]

It is because they don't want people to avoid the centralization the government. And if ever they will realize that there is something like this, the people will badly get interested into it and will start to have some thinking to stop being manipulated by the government. And that's why they are faking news about bitcoin, like for being illegal.

[ekoice]

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 fear bitcoin that it would be used for illegal activities and they would not be able to control it.Just like china and russia tried to ban bitcoin at first,they too are discussing on the possible ways to ban bitcoin but sure they would drop their plans as china and russia did.What they could do is that only they could regulate bitcoin.Banning bitcoin is impossible since banning internet is impossible.

[shuuk]

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 fear bitcoin that it would be used for illegal activities and they would not be able to control it.Just like china and russia tried to ban bitcoin at first,they too are discussing on the possible ways to ban bitcoin but sure they would drop their plans as china and russia did.What they could do is that only they could regulate bitcoin.Banning bitcoin is impossible since banning internet is impossible.

This!
they cant ban bitcoin but they try it

[staff_1307]

The answer is obvious - the countries are afraid that Bitcoin will destroy their economy.

[Gembul]

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 fear bitcoin that it would be used for illegal activities and they would not be able to control it.Just like china and russia tried to ban bitcoin at first,they too are discussing on the possible ways to ban bitcoin but sure they would drop their plans as china and russia did.What they could do is that only they could regulate bitcoin.Banning bitcoin is impossible since banning internet is impossible.

I think the state can easily make a ban on the use of bitcoin in their respective countries. Because the state has authority over its citizens. And the internet could be banned, as happened in north korea internet use for civilians is prohibited. Thank you

[stompix]

It is because they don't want people to avoid the centralization the government. And if ever they will realize that there is something like this, the people will badly get interested into it and will start to have some thinking to stop being manipulated by the government. And that's why they are faking news about bitcoin, like for being illegal.

Yeah right.

If the government would be that evil and would want to control everything they could easily do it with bitcoin also.
Have all your coins in an address you are registered with. Have banks and markets all business forced to accept transactions only from "trusted" addresses.

And this would be so easy to implement they are laughing about the "threat" of anonymity  and de-centralization. 


 

[Baby Dragon]

Bitcoin is anonymous government will not allow bitcoin to be a digital currency basically if they do that they are allowing illegal transantions in there country ofcourse they will not allow a currency that cost a lot of dollars we cannot afford such a high amount.

[geegaw]

Because bitcoin can affect the economic development of some countries and bitcoin can become a tool for money laundering, there are also some undeveloped countries, they do not trust bitcoin, they do not know about bitcoin, they feel bitcoin is a big scam and they banned people to use it. Governments in some countries can not control bitcoin, so they want to remove and stay away from it,... there are many reasons for Bitcoin is not supported in some countries, however, I think bitcoin will soon be supported in these countries because its potential is too big

[Mumbeeptind1963]

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
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there's a different laws and rules in each countries we must obey and follow it in order for us not to be imprisoned or lead it to death, but if you really want to earn bitcoin you must find a way but be sure you wouldnt be jailed for it.