Why bitcoin is not supported in some countries?

[RavenHood]

In my opinion, some countries are not supporting bitcoin because to their law and jurisdiction. Other people use bitcoin, to do there illegal work some times to buy something in the black-market. Bitcoin is so difficult to track and the identity of the user is so limited that’s why other countries don’t support bitcoin.

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[Whitegriever]

Because some governments think that people will do illegal things with it it is very easy to send money for illegal stuff through bitcoin because it is totally anonymous and no one would know who bought what.

[Melit02]

Bitcoin is not supported in some countries because they don't believe on it. They think that if they invest here their money will gone. But they don't know how bitcoin can help in everyone lives because it has a big value. They think that some hackers are sending a money through this site. Everyone can join here so scammer can easily enter here.

[bce]

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

I like your statement whether it is fair if the government does not allow bitcoin in my country I think maybe the government in the country is afraid of big inflation going to happen in that country and maybe the government is also afraid bitcoin for fund raising for crime

[emanbea1234]

for me bitcoin is to be used bu the free will of the people and the government can't stop them from doing so, but I am not saying that doing it is a good thing, I am explaining it that it can't be controlled.

[siddu1]

some countries accept bitcoin and support properly because bitcoin proved already bitcoin king of crypto.
from my knowledge if you don't have any idea/knowledge about bitcoin sp how support you???
it's means some countries don't know properly about bitcoin👿

[rynah011991]

Maybe in the near future they accept bitcoin. It is not yet their time to accept, many things to consider.

[cohicotuc]

For reasons of monetary policy probably and to preserve the financial system in place.

[Aljay7]

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

Bitcoin is illegal to other countries because they can't get some tax to people because of bitcoin. Because they are selfish always thinking about money. But there are countries legal because government thinking that its very helpful to there country.

[ihsanskanzaone]

Because bitcoin is feared could lower the value of native currency in a country if the community has started doing lots of transactions with bitcoin. Bitcoin also can not be governed by the government so that if there are people who store wealth in bitcoin then the government will not be able to find out and bitcoin can also threaten banks in a country because of the ease of transaction and bitcoin can be a good investment so that banks will feel afraid to be abandoned and switch to bitcoin.

[leisha]

Bitcoin is a well knowned cryptocurrency but it is true that bitcoins are not supported in some countries. There are reasons why. First, some countries are not yet developed and don't want to be a part of this kind  of technology. Also, some countries prioritizes their currency other than cryptocurrency. Some countries wanted bitcoin to be covered by their laws and to have tax so their country will earn throug this technology so if they can't do that they will not support it.

[huige007]

for my opinion whatever length of time that they can't track those exchanges then definitely the greater part of them don't permit it.

Yes it is true a lot of the people are still not aware and the tracing of the bitcoin can be the best source for them to know the bitcoin and to make the bitcoin a world currency as much as I want to have the best return from the bitcoin is the main reason why I want it to grow and then to gave us the best return, I hope in the future I will buy the bitcoin and I will get the best price will I will ask to sell my bitcoin.

[quocsi]

Depending on the government of the country they support bitcoin. There are also countries where their government prohibits the use of bitcoins in water. Because they have not noticed bitcoin is necessary and important in the future. Just feel bitcoin not beneficial to their country

[tinytrader]

Bitcoin is not supported in some Countries Yet you will find BTC user over there. In some countries Using BTC is a punishable offense too. In Some countries only a few institution controls the overall economy and they will always be allergic to BTC. Countries like China, will never going to adopt bitcoin easily. Because it offers nothing that they could benefit from, I think bitcoin will always remain something radical and outside of the system in nature. And some countries maybe because they dont have much research about this virtual currency. they take it Risky investment due to its volatility.

[GeniusAko]

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

I think the governments have a lot of reasons why they are not supporting/legalizing bitcoins. I think one of the reason is they can't control the bitcoin and also they are afraid because many people say that bitcoin can threaten banks.

[felipe04]

I think they not know a lot what is bitcoin so they not supported it.I think its not good for your country if you not accept bitcoin because here we can earn and if its like that its good for economy of the country.I think we need to teach them a lot abd retrieve there attention here if they not already accept bitcoin because if this bitcoin will accept all over the world the price will go so high and its good for every users here

[bitfocus]

Every country has different law and different point of view about crypto. Some countries are afraid of it, some are still thinking and some are just watching over it - that may cause such action. But in a few decades, every country of the world will go for BTC.

[websoftwareengineer]

Because their government is avoiding the illegal transactions such as drug laundering. The transactions in bitcoin is very hard to trace and that is one of the reason why government does not want to get involve in this kind of industry.

[nankers]

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

in my countrty (Indonesian) bitcoin still ilegall.i dont know why.i think the government so difficult to cut off tax fees from bitcoin user.and its makes bitcoin still illegall in my country.but i hope in the future bitcoin will be legall ^^

[miccb]

Probably bitcoin is not yet regulated by rules/laws. If there are some rules created, it might not be clear or precise. .