Why bitcoin is not supported in some countries?

[Japinat]

Some countries do not support bitcoin. There are many reason such as they have won economic policy on their people. Government can not taking tax who use bitcoin. Bitcoin transaction is hide so it also creat money londaring laundering. Bitcoin can hamper their on economy.

There is no way to tax bitcoin because it is not money, only the moment you convert it to fiat is you are oblige to pay for the taxes, we must understand that to make a good statement. Big countries can tax people who are using bitcoin only if they earn, as it is a general rule that when you make money from a certain transaction, there is a certain percentage due for the government.

[youngagethinker]

You can consider a few things there. Maybe because the government sees bitcoins as an imminent threat to their government and banks. Maybe people don’t care about bitcoin in that particular country and since the people are unaware, the government first ban bitcoin before its people become aware of it.
There is no immoral act of being a bit coiner, the government is just jealous of its potential because people will realize how wrong the present system and instead they will fight for cryptocurrency because it is the only way to loss grip on the iron hands of banks.

[Omegasun]

Bitcoin is illegal for few countries Because the government thinks that bitcoin will do much harm to their economy.It's someone uses it illegally in this county then the government takes legal action.

Bitcoin will indeed disrupt economic stability if adopted in large quantities, but if still in small quantities it will not have a big effect. But I think that's not what makes some countries do not support bitcoin. I think the security factor is the right reason. The security of bitcoin is considered not good by some governments, it is because potentially used for illegal activities (such as money laundering, etc.) and is considered at times can be hacked. No controls make the government doubt the security of bitcoin.

The security of bitcoin can't really be access by the government yet for there are no announced security develops for it, but when some countries learn how Japan acknowledge and adopt bitcoin,government might find a way to use it especially if they can get more money from it like putting taxes.

[mmo4me.2016]

Many countries, including my country, have not accepted BTC because it is new and difficult to control and especially not collected tax money.

[Blackdeath]

Bitcoin is illegal for few countries Because the government thinks that bitcoin will do much harm to their economy.It's someone uses it illegally in this county then the government takes legal action.

Bitcoin will indeed disrupt economic stability if adopted in large quantities, but if still in small quantities it will not have a big effect. But I think that's not what makes some countries do not support bitcoin. I think the security factor is the right reason. The security of bitcoin is considered not good by some governments, it is because potentially used for illegal activities (such as money laundering, etc.) and is considered at times can be hacked. No controls make the government doubt the security of bitcoin.

The security of bitcoin can't really be access by the government yet for there are no announced security develops for it, but when some countries learn how Japan acknowledge and adopt bitcoin,government might find a way to use it especially if they can get more money from it like putting taxes.

No one can access it but only its developer which is something good to eliminate corruption as what currently happening in fiat money. Taxation perhaps is the reason why they can't support bitcoin since they can't taxed bitcoin's transaction. However, what more on is because they are still looking or studying how does it works if its implemented and how does it affects the community. Bit by bit, hopefully they will consider it as major currency for online transaction.

[deisik]

Some countries do not support bitcoin. There are many reason such as they have won economic policy on their people. Government can not taking tax who use bitcoin. Bitcoin transaction is hide so it also creat money londaring laundering. Bitcoin can hamper their on economy.

There is no way to tax bitcoin because it is not money, only the moment you convert it to fiat is you are oblige to pay for the taxes, we must understand that to make a good statement. Big countries can tax people who are using bitcoin only if they earn, as it is a general rule that when you make money from a certain transaction, there is a certain percentage due for the government

You seem to be unfamiliar with modern tax systems

If something is not money it doesn't mean that it can't be taxed. To the contrary, it is hard to tax money itself since such taxation goes against the very concept of money, but in respect to what is not money governments can easily tax virtually anything. If Bitcoin is considered as property (or some obscure digital rights as in China), you will have to pay a property tax. Wtf, they can even tax your own self for you being a freelancer or having no children (there is a real tax on childlessness)

[DoublerHunter]

countries , their laws.  It really depends on your definition for not supported too . If we speak about banning then as far as I know I don't think there is a country that actually banned bitcoin ,

There are some few countries that banned bitcoin because of its features that can be abused by the criminals that are using bitcoin like in the underground market where they do illegal activities and pay each other by bitcoin which is an advantage because they can't be traced by the authorities so when the government found out this, they immediately banned bitcoin.

[Sadlife]

Because some countries started they dont have any knowledge about bitcoin they dont know that it is a digital money that can grow its price in the market.
Some government's does know about bitcoin but refuses to accept it cause it might make their fiat currency obsolete if their people started using crypto currency rather than their own currency they will not gain any profit.

[romero121]

Because,bitcoin is centralized and cryptography based so,if any need goverment dont have rights to hold or ban or control.so,most of the countries not ready to accept bitcoin.

Bitcoin is anonymous, as well it has a delusion effect as it's completely virtual. This makes the government fear of the bitcoin usage into the country. Soon we can expect more Countries to support using bitcoin as developing countries​ are already into the bitcoin usage.

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Because,bitcoin is centralized and cryptography based so,if any need goverment dont have rights to hold or ban or control.so,most of the countries not ready to accept bitcoin.

Bitcoin is anonymous, as well it has a delusion effect as it's completely virtual. This makes the government fear of the bitcoin usage into the country. Soon we can expect more Countries to support using bitcoin as developing countries​ are already into the bitcoin usage.

I don't think so since in the first place, fiat money is still anonymous since you don't know or can not momitor it online unlike in bitcoin that you can track every transaction through blockchain.

[densuj]

Bitcoin can be called something new in instrument of investments, there are not rules of bitcoin
 even the governments can not do control it, (there is regulator of bitcoin if be used for currency),
 it is mean bitcoin is dangerous for some countries, so they don't want support it on their countries
and there are not clear of rules on bitcoin, everything be runned by system of bitcoin.

[hisuka]

I think other countries not supported bitcoin because of their government rules. Bitcoin is anonymous I think this is one of the reasons why its not supported in some countries.

[HongKong]

It looks like the people within the Government are really scared that Bitcoin will go up to a high audience amount that will allow people to make money without them having any control over it. That is why Bitcoin is not as famous, if we could all just purchase the coin and make money then we would all get a bunch of money and not listen to the Governments rules.

[DoublerHunter]

I think other countries not supported bitcoin because of their government rules. Bitcoin is anonymous I think this is one of the reasons why its not supported in some countries.

I agree with you that is one of the common reason of a country why they didn't accept bitcoin and just banned it to their country because they are all playing safe and they don't want to get in trouble because they know that bitcoin is anonymous so the criminals in their country can easily transfer funds to another criminal and it will be hard for them to traced them down so they just decided to ban bitcoin.

[Theb]

I think other countries not supported bitcoin because of their government rules. Bitcoin is anonymous I think this is one of the reasons why its not supported in some countries.

I agree with you that is one of the common reason of a country why they didn't accept bitcoin and just banned it to their country because they are all playing safe and they don't want to get in trouble because they know that bitcoin is anonymous so the criminals in their country can easily transfer funds to another criminal and it will be hard for them to traced them down so they just decided to ban bitcoin.

Its not about the rules really, because there is not even one law about cryptocurrency when Bitcoin is first introduced, but on the latter if a country sees Bitcoin as some kind of threat in their country's economy or anything related to it then they might be strict about the legality of Bitcoin. Also being use by people especially the criminals cannot be avoided as it is something in the web that is hard to trace. What matters to them is if they can tax what you are earning through Bitcoin.

[Omegasun]

I think other countries not supported bitcoin because of their government rules. Bitcoin is anonymous I think this is one of the reasons why its not supported in some countries.

I agree with you that is one of the common reason of a country why they didn't accept bitcoin and just banned it to their country because they are all playing safe and they don't want to get in trouble because they know that bitcoin is anonymous so the criminals in their country can easily transfer funds to another criminal and it will be hard for them to traced them down so they just decided to ban bitcoin.

Its not about the rules really, because there is not even one law about cryptocurrency when Bitcoin is first introduced, but on the latter if a country sees Bitcoin as some kind of threat in their country's economy or anything related to it then they might be strict about the legality of Bitcoin. Also being use by people especially the criminals cannot be avoided as it is something in the web that is hard to trace. What matters to them is if they can tax what you are earning through Bitcoin.

Legality of Bitcoin in terms of usage, when it will be implemented it may resort to the use of illegal transactions, there were some news that bitcoin uses as the medium of payment for illegal activities yet this thing were need to be expected by the government so as much as possible that it can be hid ,there doing it ,the only thing that can make them agree to it maybe when they get lots of opportunity to earn from it if ever.

[PhilPrime]

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.

These are the things that government fears to happen since there were still no guarantees in the safety and ability of bitcoin once hackers and criminals attack or make it as their tool on doing illegal.

[Pinkris128]

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.

These are the things that government fears to happen since there were still no guarantees in the safety and ability of bitcoin once hackers and criminals attack or make it as their tool on doing illegal.

If it were so, fiat money shouldn't be consider since it can be used more anonymously as no one can track fiat transaction if it wasn't done with bamk to bank transaction. I think government has their own reason of refusing bitcoin to be used as majore currrency.

[Kotone]

It looks like the people within the Government are really scared that Bitcoin will go up to a high audience amount that will allow people to make money without them having any control over it. That is why Bitcoin is not as famous, if we could all just purchase the coin and make money then we would all get a bunch of money and not listen to the Governments rules.

Bitcoin is already famous and it already known worldwide you actually had point there that their government afraid to lose control to their people that is why they banned bitcoin for me the real reason behind this is they can't tax people because of bitcoin they want to control everything and to under the law if they can't too then they just banned it.

[Palodar]

It looks like the people within the Government are really scared that Bitcoin will go up to a high audience amount that will allow people to make money without them having any control over it. That is why Bitcoin is not as famous, if we could all just purchase the coin and make money then we would all get a bunch of money and not listen to the Governments rules.

Bitcoin is already famous and it already known worldwide you actually had point there that their government afraid to lose control to their people that is why they banned bitcoin for me the real reason behind this is they can't tax people because of bitcoin they want to control everything and to under the law if they can't too then they just banned it.

Bitcoin being decentralized is quite hard to control and monitor by the government besides there were more lot of government issues they need to solve first. I will really be amazed if our country had time to implement bitcoin . They might really focusing on being corrupt if this happen for there were many problems facing our country.