Why bitcoin is not supported in some countries?

[CARrency]

I think some country do not allow Bitcoin because they are scared about criminals, high tech criminals that use Bitcoin as their payment method, an uncontrolable way to pay

Criminals that use bitcoin as their payment? Where will they pay? They are not the one paying, their costumers are. And they get their money by stealing them. If these is the reason why the government do not allow bitcoin, then all country will never be accepting bitcoin because we all know that bitcoin is widely used on the Deep Web.

[GideonGono]

I think some country do not allow Bitcoin because they are scared about criminals, high tech criminals that use Bitcoin as their payment method, an uncontrolable way to pay

And they know that they can't control and regulate it. Maybe they really are not ready for Bitcoin and to enter the world of cyber and catch those cybercriminals since it is out of their capabilities unlike Japan who bravely accepts Bitcoin because they know they can effectively regulate it.

[kaijialex]

Bitcoin users face issues with the government in countries with high inflation but not to the extent of fully banning it. I think the support or nonsupport part comes from issuing or not issuing licences for websites that trades cryptocurrencies.

[millgates]

I think some country do not allow Bitcoin because they are scared about criminals, high tech criminals that use Bitcoin as their payment method, an uncontrolable way to pay

Criminals that use bitcoin as their payment? Where will they pay? They are not the one paying, their costumers are. And they get their money by stealing them. If these is the reason why the government do not allow bitcoin, then all country will never be accepting bitcoin because we all know that bitcoin is widely used on the Deep Web.

Yes I agree with that, but bitcoin become legal in some country, for example japan and america. I think it depends on the consideration of the state it self. Actually bitcoin is very useful for us so every country must accept bitcoin.

[Bellator]

Yes I agree with that, but bitcoin become legal in some country, for example japan and america. I think it depends on the consideration of the state it self. Actually bitcoin is very useful for us so every country must accept bitcoin.

Yes in some areas they have been legalize it and accepts bitcoins as payment. That would be the reason in some countries they have been prohibited people to earn bitcoins or to surf on the internet it will be one of the major problem in bitcoins.

[maxxdxx]

Well, recently Israel court rules banks can legally deny service to btc businesses in the country. Israel is literally the bankster capital of the world,why would they allow btc.

[MRlong]

Yes I agree with that, but bitcoin become legal in some country, for example japan and america. I think it depends on the consideration of the state it self. Actually bitcoin is very useful for us so every country must accept bitcoin.

Yes in some areas they have been legalize it and accepts bitcoins as payment. That would be the reason in some countries they have been prohibited people to earn bitcoins or to surf on the internet it will be one of the major problem in bitcoins.

Well, but I know India, Bangladesh still not support Bitcoin and forbid it. In my country look like too, but they not forbid to use Bitcoin, they just not help about issue Bitcoin when using it

[Black Angel]

I think some country do not allow Bitcoin because they are scared about criminals, high tech criminals that use Bitcoin as their payment method, an uncontrolable way to pay

I think not, but some country is scared because of the bitcoin can beat the legal currency, this is because the bitcoin can be used by a wider (global) while the local currency should be to the exchanger if abroad.

[pmstalk]

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

It is maybe because those countries feel bitcoin can make their people get away from fiat and stop believing them and accept or use bitcoin more often than fiat if they let them do this, so maybe that is why they just ban it so that they don't have any problems because of it.

After all it is economic policy matter of every country .some contries thinks that if there currency invest in large scale in btc and in future if btcs got in troules ,there may scaring  essue to every country to collapsing  there economic condition.

[zedsacs]

There are so many instances why a certain country is against on bitcoin, maybe it has to deal with their policies, or maybe a negative review from another country that made bitcoin also sounds not good to other country.

[zedicus]

Yes it is real that bitcoins is not available in some countries in the world,bitcoins will not be available for a particular country when for two reason.Legalization issue and internet connection shortage or no acces into the internet.

[Konthol Ngaceng]

I think because it's unpopular and assumes the bitcoin is equal to the previous internet payment systems (paypal, webmoney, payza, Skrill, Liberty Reserve, Neteller and others), so they not interest to know about bitcoin.

[Mukulislam]

Bitcoin is not valid in my country, there is no support by the government. the reason i dont know.

[sumit513]

Maybe because of the illegal activities that happen through bitcoins.

[nemagia]

Maybe because of the illegal activities that happen through bitcoins.

Illegal actions are a negative factor for accepting bitcoin, but they can be implemented with the help of other currencies. Rather, the state is simply afraid of new digital technologies.

[mamaya]

Virtually the whole world either accepts or supports bitcoin now. There are a minority of third world countries that still ban it but due to its anonymity its already an unstopable force in the world.

As for the why a government might not like it you can choose from illegal activities to capital controls.

[stompix]

Virtually the whole world either accepts or supports bitcoin now. There are a minority of third world countries that still ban it but due to its anonymity its already an unstopable force in the world.

As for the why a government might not like it you can choose from illegal activities to capital controls.

No , unfortunately it is not the case.
It's just that most of the countries completely ignores bitcoin.

They haven't bothered to make is legal or illegal or even draw some law projects about it.
There are only a bunch of them who have agreed on btc status.

[UCHCHILD]

For my own point on why do bitcoins were not supported in some other countries is because of the risk for the government security in terms of financial aspect of every country, the government needs to manage all tge money that comes and go which makes not applicable in bitcoin because how can you trace on transaction of where is that bitcoin address came from.
So government cannot manage under bitcoin so some banned bitcoin. Also bitcoin do not take some tax which makes government money.

[fullypak]

For my own point on why do bitcoins were not supported in some other countries is because of the risk for the government security in terms of financial aspect of every country, the government needs to manage all tge money that comes and go which makes not applicable in bitcoin because how can you trace on transaction of where is that bitcoin address came from.
So government cannot manage under bitcoin so some banned bitcoin. Also bitcoin do not take some tax which makes government money.

The one and the only reason why in some countries bitcoin is not supported means, The govt revenue may be reduced because of this bitcoin transaction, and there is no income from bitcoin transaction to government. Only for these two reasons, the govt will reject bitcoins that's it. If they get income, then no govt will stop any business. 

[stevano]

In my opinion maybe the country does not know bitcoin deeply what bitcoin excess, maybe the country does not want to go ahead or its economy is growing.