Why bitcoin is not supported in some countries?

[whizter]

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

That's really weird especially the jail part, the countries I knew allows Bitcoin use, though it's not legal but there are no such restrictions. But then again each country has its own policy and rules. Maybe the citizens have been grossly missing it or the country has not understood it at all. However I feel. Really sad for this users. Hope the country changes it law.

yes there are no such law that saying that a man that are using bitcoin will be under punished, therefore we are free to earn bitcoin and use it, We are allow to use it if the site that our using is not restricted in our country.

to me i think the only reason can be that people there do not know about bitcoin. therefore they are not giving any preferende to bitcoin. i am hopeful that in future when they will know about it then they will certainly show good interest in bitcoin.

[Zenithar]

Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.

but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong.

[batang_bitcoin]

Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.

but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong.

It's one reason why those countries doesn't want to take the risk of adopting bitcoin because they will like walk into a way without light. Even we are going to introduce bitcoin in the areas we are close to but when the government started to pop out news that is making the reputation of bitcoin bad, we can't do something about it.

[MingLee]

Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.

but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong.

It's one reason why those countries doesn't want to take the risk of adopting bitcoin because they will like walk into a way without light. Even we are going to introduce bitcoin in the areas we are close to but when the government started to pop out news that is making the reputation of bitcoin bad, we can't do something about it.

Most of the time it's just simple issues like taxation that prevents countries from moving forward with legislation, but, while they would want to bring in taxes, Bitcoin is too small for countries to want to bring in revenue. Well, revenue that will actually be a net gain as opposed to a general loss.
Countries want to maintain control over their currency. If they can, that keeps them in power and the population under their thumb. Their question then becomes when do the costs outweigh the benefits.

[batang_bitcoin]

Bitcoin is not supported in some countries because they will not get benefits from it. They will think it's illegal and not true. They wouldn't believe it. They will not introduce to somebody about the capacity of one bitcoin. How it works, what is the value of this, where do we find it? If they know how to do with bitcoin, they will get more or earn more.

Yes that's the close reason why those countries that doesn't want to adopt bitcoin. They are scared that their country will be penetrated by illegal bitcoin activities but they are not realizing that there are activities that are being done illegally even though there's no bitcoin involved on it. They don't want to realize and acknowledge bitcoin that is good for the economy.

but i do not think that there is any special reason for that, to me i think some countries are not accepting bitcoin because they do not have sound knowledge about bitcoin, i think they need proper knowledge about bitcoin and their people will certainly start using bitcoin. i think it is our responsibilities to use introduce bitcoin to such area where people do not have any idea about it, so that they can also get benefit from bitcoin and make it more and more strong.

It's one reason why those countries doesn't want to take the risk of adopting bitcoin because they will like walk into a way without light. Even we are going to introduce bitcoin in the areas we are close to but when the government started to pop out news that is making the reputation of bitcoin bad, we can't do something about it.

Most of the time it's just simple issues like taxation that prevents countries from moving forward with legislation, but, while they would want to bring in taxes, Bitcoin is too small for countries to want to bring in revenue. Well, revenue that will actually be a net gain as opposed to a general loss.
Countries want to maintain control over their currency. If they can, that keeps them in power and the population under their thumb. Their question then becomes when do the costs outweigh the benefits.

I don't think that it will only considered as "too small" for those countries that wants to make this as a gateway of revenue. As long as there is a market behind it that will be supported and there's a guarantee that it can generate profit to their countries. The thing is that, if there are no users or only few that will give them small revenue but if that is well known in their country that will generate profit for the gov't.

[speem28]

I think that the government is not really afraid of bitcoin, what they are afraid of is people waking up from the ugly truth hat they are just mere slaves of fiat for over 300 years now and they would lose a lot of control to the people of their jurisdictions. If they started to use bitcoin regularly over fiat, that means they are slowlh losing grip of their people for their own personal gains, which they absolutely don't want to happen.

That is why we can't eradicate corruption in our country because they always want to have full control over us and the flow of money in the economy. If only we can get rid of this issue, I bet that our economy and our way of living will surely change.

[rajasumi3]

Bitcoin is governed by itself,government in those countries believe that with bitcoins into excistence ,there will be no money of their own country and it will loose the control over itself.

[thend1949]

Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.

[crwth]

Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.

Maybe the leader himself is not open to changes or open to innovations because Bitcoin has changed the way transaction works and how it possibly can change how we transfer money from one place to another.

[iv4n]

Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.

Maybe the leader himself is not open to changes or open to innovations because Bitcoin has changed the way transaction works and how it possibly can change how we transfer money from one place to another.

Bitcoin is threat for current system. Some government's think just about making profit on peoples back, with many taxes high prices they hold their power, and that is how they rule the country. They already know how to control the supply of money in the state, with that they control everything, can you imagine what is bitcoin for them now?
Countries that think about future, and about people are open for bitcoin because bitcoin is future, others that do not support bitcoin are the countries where leader's think just about their well-being.

[Botnake]

Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.

Maybe the leader himself is not open to changes or open to innovations because Bitcoin has changed the way transaction works and how it possibly can change how we transfer money from one place to another.

Bitcoin is threat for current system. Some government's think just about making profit on peoples back, with many taxes high prices they hold their power, and that is how they rule the country. They already know how to control the supply of money in the state, with that they control everything, can you imagine what is bitcoin for them now?
Countries that think about future, and about people are open for bitcoin because bitcoin is future, others that do not support bitcoin are the countries where leader's think just about their well-being.

I don't think it is a threat, the government are still powerful and they can regulate the usages of bitcoin to do it
in legitimate transactions only. If they cannot regulate it, that is the time to ban it, but I'm sure they can regulate it.

[deisik]

Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.

Maybe the leader himself is not open to changes or open to innovations because Bitcoin has changed the way transaction works and how it possibly can change how we transfer money from one place to another.

Bitcoin is threat for current system. Some government's think just about making profit on peoples back, with many taxes high prices they hold their power, and that is how they rule the country. They already know how to control the supply of money in the state, with that they control everything, can you imagine what is bitcoin for them now?
Countries that think about future, and about people are open for bitcoin because bitcoin is future, others that do not support bitcoin are the countries where leader's think just about their well-being.

I don't think it is a threat, the government are still powerful and they can regulate the usages of bitcoin to do it
in legitimate transactions only. If they cannot regulate it, that is the time to ban it, but I'm sure they can regulate it.

There is a profound wisdom

And it says that you should never forbid what you lack the power to prevent. It is attributed to Napoleon Bonaparte, and I guess he certainly knew what he was talking about (as we would say nowadays). If they ban Bitcoin but, nevertheless, still can't prevent people from using it, that will backfire heavily since no one will be giving a fuck in the future about what this particular government says. The only viable way for governments to fight with Bitcoin is to kill it from inside by bribing corrupt miners so that they either prevent any improvements the lack of which will make Bitcoin obsolete over time, or deliver a direct attack against Bitcoin (after they grab enough hash power)

[speem28]

Well, maybe the governments don't want their people to risk and blame the gov then. However, I suppose in such a case there will just be some advice not to use it or that the government does not provide any guarantees. I think bitcoin is just dangerous for countries. Big sums of money without known owners and control. And the main problem is that btc shows people can deal with each other and have a strong currency without the state and the government.

It's not that the government doesn't want people to risk and blame them, It's just that they also want to have control over people even it the bitcoin world. They are trying to find a way to do this but I suppose they can't because of bitcoin's anonymity and security.

[mikanie]

Every country has a law and has regulations to be followed.Maybe the one who is leading a country that banned or give punishment if people uses bitcoins dont like or see bitcoins as a threat to his country.

Maybe the leader himself is not open to changes or open to innovations because Bitcoin has changed the way transaction works and how it possibly can change how we transfer money from one place to another.

Bitcoin is threat for current system. Some government's think just about making profit on peoples back, with many taxes high prices they hold their power, and that is how they rule the country. They already know how to control the supply of money in the state, with that they control everything, can you imagine what is bitcoin for them now?
Countries that think about future, and about people are open for bitcoin because bitcoin is future, others that do not support bitcoin are the countries where leader's think just about their well-being.

and they also know that it will be hard to manipulate bitcoin user since it is a online currency that's why as much as possible they don't want to expose people on the goods bitcoin can offers to them.

[Przemax]

Bitcoin posses no threat to anyone at the current state of affairs. So the only people in governments that are opposing bitcoin are cronies that are standing against the bitcoin just so the press can have something to write about.

Such a stories are called  a media made facts. Those do have the effects on reality only as long as people believe in them. Otherwise than that any obstruction in using bitcoin is in my opinion impossible to make. Other than getting rid of the exchanges, but thats happening outside of government intervention.

So the countries that seemingly oppose bitcoin is in my opinion a media myth.

[Raven91]

Great threat in there economy bitcoin is not yet established in many countries most of the countries use the physical money and bitcoin in under a discovery or a test of cryptocurrency still not yet successful in many aspect also bitcoin can be use in illegal transactions.

[Wesimon]

Great threat in there economy bitcoin is not yet established in many countries most of the countries use the physical money and bitcoin in under a discovery or a test of cryptocurrency still not yet successful in many aspect also bitcoin can be use in illegal transactions.

It is true that economists and government from that specific countries are seeing threats in their economy if the use bitcoin and they trust fiat more rather that bitcoin. However, I will not agree that bitcoin is still in the beta version (I do not know what is the state of bitcoin as of now) and still unsuccessful. We know that many countries are accepting bitcoin as of this very moment and some countries are in the process of accepting bitcoin. So we can now say that the testing phase of bitcoin is already over and is very successful due to the wide acceptance of people around the world.

Bitcoin is not the only one that is used for illegal activities or transactions, fiat is so much older that bitcoin and fiat is also used in illegal activities until now. Have you see this as a hindrance in fiat's success? NO. So why will it impede bitcoin's success, right?

[J9901]

Great threat in there economy bitcoin is not yet established in many countries most of the countries use the physical money and bitcoin in under a discovery or a test of cryptocurrency still not yet successful in many aspect also bitcoin can be use in illegal transactions.

Not only bitcoins but even paper money is being used in illegal activities and I think the usage of paper money is higher when it comes to using it in illegal or criminal activities and as Government cannot have control on bitcoin they will never give legal status in future.

[Hobo66]

Bitcoin is an anonymous currency and I dont think theirs any law about supporting it in countries
Bitcoin can be used worldwide almost by anyone who knows to get around with it.

[Blitzboy]

Bitcoin is an anonymous currency and I dont think theirs any law about supporting it in countries
Bitcoin can be used worldwide almost by anyone who knows to get around with it.

I do agree with you. The government will never accept these kinds of currency because the people will become 90% anonymous and they can never collect tax from the citizens. Moreover, bad people can use Bitcoin for illegal activities