Why bitcoin is not supported in some countries?

[Souldream]

Reasons why some countries did not support bitcoin it because of fear and ignorance, to protectionism of their national currency, to building a new currency in bitcoin’s image. The list, in general, is not much above ten, but that is subject to change, as many countries have not made an official decision for or against bitcoin. Some are banned by the country’s Central Banking system, some are banned by the nation’s government, and in many countries the Central Bank and national government act as one and the same.

yes because of lack of knowledge hinders them to to learn bitcoin especially those who live when internet is not yet created. they were afraid because they dont believe that this could be true and they will earn much here.

[Emitdama]

Bitcoin does not need to be supported by countries. Its supported by the blockchain and everyone can use it with an internet connection.

Yeah bitcoin can live without government assistance and whoever that decentralization function .. even though bitcoin is prohibited in some countries even though it will not make bitcoin dead or lost because it all depends on the user itself. Users can still use bitcoin freely for being anonymous and being on the internet

Bitcoin has is a very huge web if a few countries are not accepting Bitcoin it does not mean that it will be dead or will go vanish from that particular country. it is not spread everywhere, people are still very interested in using Bitcoin as it is profitable for people if not for government but for all people of that country. they have great faith in bitcoin profit and want to earn through it as much as they can earn.

No this is not fact more countries has centralized bitcoin for there internal trade and many countries will legalizing bitcoin in the future. So this is not right that countries not supporting bitcoin and if some countries not supporting bitcoin is just because of un awareness and having no internet facility but it will be covered in future

Probably i don't think that country is not supporting bitcoin.Bitcoin does not belong to country but bitcoin belongs to people.Now a days people are spending in bitcoins to earn more.If it's about some countries then take example of Afghanistan,Sudan there people are not that much educated therefore they don't know what is bitcoin even they don't know how to practice our religion.

[Questat]

Reasons why some countries did not support bitcoin it because of fear and ignorance, to protectionism of their national currency, to building a new currency in bitcoin’s image. The list, in general, is not much above ten, but that is subject to change, as many countries have not made an official decision for or against bitcoin. Some are banned by the country’s Central Banking system, some are banned by the nation’s government, and in many countries the Central Bank and national government act as one and the same.

yes because of lack of knowledge hinders them to to learn bitcoin especially those who live when internet is not yet created. they were afraid because they dont believe that this could be true and they will earn much here.

Lack of knowledge is very risky, before one will use bitcoin, he needs to ensure he understand how to transact
and most especially safeguard his money. Everything can be learn but it will take a lot of patience, one should be really willing
in order to eventually understand bitcoin.

[Smarty14392]

I invested the same about bitcoin. Bitcoin is not legalised in many countries because of the illelagl ways used with bitcoin. I made some research about the illelagl ways and found something fissy about deep web. Thats the main reson behind bitcoin been illelegal. Deep web used bitcoin for selling drugs and all illelegal activities. If they are shut down, bitcoin will be legalizefd according to me. Bitcoin is a best cryptocurrency to invest and used for trading. If used legally, bitcoin has always proven the best.

[shone08]

I invested the same about bitcoin. Bitcoin is not legalised in many countries because of the illelagl ways used with bitcoin. I made some research about the illelagl ways and found something fissy about deep web. Thats the main reson behind bitcoin been illelegal. Deep web used bitcoin for selling drugs and all illelegal activities. If they are shut down, bitcoin will be legalizefd according to me. Bitcoin is a best cryptocurrency to invest and used for trading. If used legally, bitcoin has always proven the best.

Yes Bitcoin are used to transact illegal in deepweb to buy/selling drugs, that's why many countries are not supported  to use Bitcoin. Like in Bolivia its statement says that Bitcoin is illegal to use any currency that is not issued and controlled by a government or an authorized entity.To be clear though, the world’s first decentralized cryptocurrency is not illegal or supported  because it poses any risk to the citizens of the countries. They never realize the value of Bitcoin that help to us to earn money by using it.

[Remainder]

Maybe there government won't accept bitcoin but there citizen is already have or earn bitcoin and that's the way that government can't stop bitcoin.

[Japinat]

Maybe there government won't accept bitcoin but there citizen is already have or earn bitcoin and that's the way that government can't stop bitcoin.

That's very serious when the government does not accept bitcoin because it will lead to making bitcoin as illegal, the law shall always prevail and whatever the government are protecting for not accepting bitcoin is we do not know, what we can do is just to follow the law to avoid problem in the future to come.

[DoublerHunter]

Maybe there government won't accept bitcoin but there citizen is already have or earn bitcoin and that's the way that government can't stop bitcoin.

That's very serious when the government does not accept bitcoin because it will lead to making bitcoin as illegal, the law shall always prevail and whatever the government are protecting for not accepting bitcoin is we do not know, what we can do is just to follow the law to avoid problem in the future to come.

It is normal to see a government that is not accepting or adopting bitcoin for the reasons that can harm us in some scenarios. We should just follow the government's order because they have the power and right to dictate us but we should not lose hope because there is always a chance for bitcoin to get accepted and i believe that if bitcoin will continue to maintain doing good then government will change their mind and for sure they will adopt it.

[liliiaolivia2017]

Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto-currency is a punishable offense.

[Kava]

becuase govrnement can't control it, so they ban it.
btc is decentralised ., that is why.

These are the main reasons that the government of some countries does not accept bitcoin. They can not make bitcoin a part of the economy. All this is due to the fact that the price of bitcoin is too unpredictable and volatile

[Duzter]

becuase govrnement can't control it, so they ban it.
btc is decentralised ., that is why.

These are the main reasons that the government of some countries does not accept bitcoin. They can not make bitcoin a part of the economy. All this is due to the fact that the price of bitcoin is too unpredictable and volatile

Several factors starting from decentralization to volatility can be indicated as reasons why Countries oppose the use of bitcoin. In reality there are countries that has overcome such issues and were successful. So when governments starts focusing on technology based growth they'll start accepting.

[radjie]

The number of people who misuse transactions using bitcoin so many crimes that make transactions using bitcoin without having to involve other parties such as transactions that initially through bank services so crime can be easily tracked but with transactions using bitcoin it will be difficult to track.
It makes the country unable to support the existence of bitcoin.

[bluefirecorp]

Each country has its own laws, but many are hampered by the lack of internet to use bitcoin. Also, the state also wants to gain control and benefit from this currency.

Yes every country has their own law. But I think in modern time internet is available everywhere in the world. And there may not be a single country where they do not have the internet facilities, because even in Afghanistan the internet facility is available there. In such countries people are not using bitcoin because they have the lack of information about bitcoin. we need to introduce bitcoin there and hope that they will start using bitcoin.

[Boov]

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 dont support bitcoin due to security purposes. Unlike 1st world and advance countries, some countries dont have the capacity to prevent and detect malpractices using advance technologies such as cryptos. Also, not all countries have good internet acces. I believe bitcoins will be accepted all over the globe in the future but as for now,  lets just accept that not all are as open-minded as us interms of   internet money.                     

[h3nchm19]

This is probably the most controversial issue with bitcoin, the fact it isn't regulated and anonymous this leads to significant regulating issues with countries trying to have complete control on the Tx's in their countries like India and Russia/China.

[Superzpay]

I think bitcoin is not supported in some countries because people educated from medias create the fear about bitcoin

Bitcoin is not supported in these countries where people are not interesting to go for online jobs or they are uneducated people because I know that bitcoin is  accepted every where and now everyone know that it is not used in illegal activities much like other currencies.Just people need to understand what is bitcoin.

[KnightElite]

They don't legalize the bitcoin because they have a wrong information about it. That is the main reason why many governments doesn't like the bitcoin. The don't know also the purpose and the meaning of the bitcoin

[John Wick]

They don't legalize the bitcoin because they have a wrong information about it. That is the main reason why many governments doesn't like the bitcoin. The don't know also the purpose and the meaning of the bitcoin

I don't think that's the only reason. Countries never wanna miss the opportunity of tax. If people are using bitcoin, they can't charge any tax from their citizens.

[deadmousehat]

Many criminals are using bitcoin such as legalizing crime

[Aztek]

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

Obviously we know that bitcoin gives us a anonymous transactions without getting any trase in the country so i guess also bitcoin is a treat in physical money it caould make the real cash disappear but in our country real cash is regulated by the government.