Why bitcoin is not supported in some countries?

[voltesbit777]

Maybe they are lack of knowledge about in bitcoin, or close minded about it. Or it could be that they treat bitcoin as a threat
to their country. And I don't why? But I do believed that sooner or later they will accept bitcoin like what Russia did before.

[jhannlenr]

Every country has there own opinion and laws, for example China mainly because of currency, Other Asian countries because of how hard it's to follow up and regulate them, and allot of nations do it without actually understanding BTC and more for publicity.

[Finestream]

Every country has there own opinion and laws, for example China mainly because of currency, Other Asian countries because of how hard it's to follow up and regulate them, and allot of nations do it without actually understanding BTC and more for publicity.

What makes me happy is to know that majority of the countries had supported bitcoin, we cannot please them all and although some countries had banned bitcoin but it does not decrease it's value. The limited supply of bitcoin makes the price more promising and considering that more people are hoarding bitcoins which limits the supply distribution.

[Lecam]

Or Maybe because they think bitcoin will get attention and fiat money will be useless after they support bitcoin as one of the payment methods. But well, we dont really know what they are thinking, we can just guess or somehow tell why they cant agree to support bitcoin, maybe they really dont know the real purpose as of now. Someday they will all agree and support bitcoin.

[lemonade09]

Obviously bitcoin will not be available in many contries bevause of the government will not allow it because bitcoin isna big threat in there economy it is the banksnmost fear in there company can make them disaapear also can be use many illegal transaction in the darknet without having a trase.

[The_prodigy]

The major reason about that is its legality and it's not yet full studied by the government. We can say that it's easy to leagalized bitcoin im country but it's not. It would take many years to fully reviewed its currency and it must have a law and agreement. This is something not easy to do that's why it's not supported in all countries.

yes, bitcoin is not yet legalize by all of the government in each country therefore some countries prohibited it, not all countries allow its countrymen to surf on the internet or to surf in some sites, and the other thing i think is that some countries doesnt have internet connection in their countries, therefore they cant afford to surf on the internet to earn bitcoins, their countries doesnt supported bitcoin due to lack of money to provide internet connections.

[mantra]

The legislatures of these nations are essentially anxious of Bitcoin and not without reason. They may concoct whatever reasons like Bitcoin being utilized for criminal exercises, for example, illegal tax avoidance and psychological warfare financing (as though money weren't utilized for that too, and likely with far and away superior outcomes), yet the unforgiving truth is that Bitcoin contends with their nearby monetary forms and may in the long run outcompete them. It resembles the US dollar which everyone cherishes except which the legislatures can in any case pretty much control through outside money trade operations done by banks (aside from money exchanges, yet these are little in general).
I feel that nations see some threat in bitcoin reason for it is controlles cash and there clerics or some other dull movement can utilize bitcoin for their stuff.

[nuela]

Perhaps their country holds the same law that its definition is not supported as well. We are talking about violations then as far as I do think that there is a state that prohibits bitcoin, at least there is no official then banking relations with one another its.

[Natalim]

Perhaps their country holds the same law that its definition is not supported as well. We are talking about violations then as far as I do think that there is a state that prohibits bitcoin, at least there is no official then banking relations with one another its.

I will not expect every country will accept bitcoin but I only want to see more countries will accept bitcoin.
We need more people to use bitcoin to spread the circulation and this will make people aware that bitcoin is here to serve them
for their online needs and take note their investing as well.

[Kasabus]

Obviously bitcoin will not be available in many contries bevause of the government will not allow it because bitcoin isna big threat in there economy it is the banksnmost fear in there company can make them disaapear also can be use many illegal transaction in the darknet without having a trase.

It's not a threat if they will closely make a study on it, actually it can help the progress of their economy since more money
will circulate and that means more business will be created as well. They need to study it carefully before making a decision.

[leminerale]

Hi
Actually there is no clear regulation of bitcoin. No official statement from the government yet. Maybe some countries are still doubtful with the existence of bitcoin, because there is no clear regulation then the possibility of bitcoin prices rose even dropped unpredictable.
Thanks

[szpalata]

Hi
Actually there is no clear regulation of bitcoin. No official statement from the government yet. Maybe some countries are still doubtful with the existence of bitcoin, because there is no clear regulation then the possibility of bitcoin prices rose even dropped unpredictable.
Thanks

I don't think it will be accepted by every government officially but it will definitely be used in every country where there is internet access without restrictions that's why Bitcoin is decentralized; it was created for this purpose and not for any government to give his approval before it works.

[radamiel]

All legislatures need to track the all exchanges whether it is legitimate or illicit cash. For whatever length of time that they can't track those exchanges then definitely the greater part of them don't permit it. Starting at now, bitcoins are more prominent in the betting business and porn since individuals needs to shroud their character. As a result of these non-traceable issues, governments are not tolerating it.

[Xester]

Hi
Actually there is no clear regulation of bitcoin. No official statement from the government yet. Maybe some countries are still doubtful with the existence of bitcoin, because there is no clear regulation then the possibility of bitcoin prices rose even dropped unpredictable.
Thanks

Regulation on the use of bitcoin was already in motion by some countries like the Philippines. Other countries who have seen the merits of bitcoin does not adopted bitcoin yet because they have no clear regulations and policies as to how bitcoin will be used and its limit in their countries. The reason why bitcoin is not supported in some countries is because of the lack of policy as to how they will regulate it and protect their people from the volatility of this currency.

[Kasabus]

All legislatures need to track the all exchanges whether it is legitimate or illicit cash. For whatever length of time that they can't track those exchanges then definitely the greater part of them don't permit it. Starting at now, bitcoins are more prominent in the betting business and porn since individuals needs to shroud their character. As a result of these non-traceable issues, governments are not tolerating it.

Don't worry on that because exchanges are guided with the rules created by the government, the KYC will take place when
there is a conversion from bitcoin to fiat that is going to happen, if exchanges will not follow they will face sanctions.

[CraigWrightBTC]

Perhaps their country holds the same law that its definition is not supported as well. We are talking about violations then as far as I do think that there is a state that prohibits bitcoin, at least there is no official then banking relations with one another its.

Yes until right now, there are not valid of rules about bitcoins, what's bitcoins? Is it gold or money
 some countries doesn't support for bitcoins because No clear rules on bitcoins,
actually make Investment in bitcoins is very huge risk losing money because
even not all of people know what's bitcoins?

[PhucS]

Hi
Actually there is no clear regulation of bitcoin. No official statement from the government yet. Maybe some countries are still doubtful with the existence of bitcoin, because there is no clear regulation then the possibility of bitcoin prices rose even dropped unpredictable.
Thanks

That's just a part, not all. I think the governments probably already know about the existence of Bitcoin and they believe it but they do not want to recognize and support BItcoin in their country because they fear that BItcoin will affect the economy their sacrifice. Bitcoin is the currency of freedom, anyone can use it, just got internet, it has no head control. They fear that it will be impossible to fully control BItcoin, failing to provide clear Bitcoin regulations in their home country.

[algernonen]

as people prefer Bitcoin to escape taxes
This would affect a country's monetary system

[Text]

Some countries don't recognized bitcoin as a currency because they don't have a regulation for it. Maybe they are lack of grabbing new oppotunities to improve their financial system. They are already contented on what they have now or thinking that their economy will be ruined.

[tosmartak]

Most countries didn't support it because they are scared of its perceived threat to their current monetary system, and link to illicit activities like drug dealing and money laundering.