Why bitcoin is not supported in some countries?

[miccb]

If governments could see that they could get revenue from it or their economy could harness its benefit, bitcoin might be formally recognize

[Lamisa asfiya]

Yes,it's true. some countries are not supported bitcoin like their regular currency.i think, maybe they are afraid to go down  their economy.further, every countries have their own laws. and bitcoin can break them.so,they can't accept bitcoin.

[T.water]

Probably bitcoins is not traceable, just my opinion

[xvids]

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

Maybe because it is decentralized and government has no power over bitcoin. They cannot do anything about it and they cannot completely regulate it. A lot of people are quitting their jobs because they want to focus on bitcoin. It's true that you can earn a lot of money that your salary from your job cannot provide you. Government cannot get any income tax from those people who are earning bitcoin. Maybe that's one of the reasons why they banned bitcoin.

[lance04]

I think they not trust bitcoin so they cant support bitcoin why know bitcoin a big scam in the social world

[Paycoinzzz]

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 ^^

Not difficult, if the government want to tax fees the Bitcoin user, they can tax the Bitcoin miner and exchanger.
I do not know your country have auto exchanger website or not, but in my country, we have a website help Bitcoin user can exchange automatic without any risky.
Therefore, if the government want to tax them, it is so easy!

[Sihab76]

Their 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 , at least nothing official and If there is then Its related to the banking system with one way or another . If its about the lack of usability in ATMs , local shops then there are plenty of countries and It takes time as some countries have more priorities .

Some countries are not supported Bitcoin because in Bitcoin system, many banking system hampers by Bitcoin online business. Bank didn't get any interest or tax through Bitcoin. The government does not get any tax from Bitcoin.  So that many countries are not supported it.

[iamzill]

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

maybe many bitcoin users are doing for fundraising for non-crime or it may cause big inflation to happen in the country, in my country because bitcoin has not been so accessible so maybe the government has not fully know it

[anggun chan]

According to the news I read from some State News does exist that do not support if its society is affiliated with bitcoin even there is also country banning him, the presence of the bitcoin as virtual currency reap the pros and cons in several countries. Bitcoin can be considered to facilitate financial transactions. However, transactions with this virtual currency can also bring up the risk of acts of money laundering. Therefore there are some countries that are still worrying about transactions carried out by bitcoin.

[Kisanaq]

Most countries certainly do not want that the economy is controlled by the majority owner of bitcoin, we certainly know that bitcoin is decentralized so it is impossible for the state to control when using officially.

[Portia12]

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 our country philippines bitcoin is not legal i think because banks dont recognize this coin. some reason will be because bitcoin is not traceable they can use it in illegal way that why government dont legalize bitcoin.

[tonlong]

Most countries certainly do not want that the economy is controlled by the majority owner of bitcoin, we certainly know that bitcoin is decentralized so it is impossible for the state to control when using officially.

In addition, they do not receive any tax credits from bitcoin. If people have to go through the banking system while in an other country to get some cash it will subject them to taxes and other kinds of banking fees. It's not good for the countries.

[Strught85]

With regard to governments, the reason is that this goes from the current model of power in modern society. Regardless of this, I do not see many nations prohibiting the use of the forex, they favor to dismiss and not give publicity. Relating to folks in common, I consider it is nevertheless early days. Despite the fact that a lot of folks have access to the internet and numerous sources of data, they still have not realized the require for a currency to resolve the troubles that exist in fiat currency.

[xiaomingdada]

Because the government has its own policy to manage the country. Bitcoin is out of government control, and some governments think bitcoin will affect the market economy, so bitcoin is forbidden. Bitcoin can also be used for crimes such as money laundering and drug purchases. The government can not trace criminals. So Bitcoin is forbidden. 

[mhayandal]

Obviously in every country they have different kind of money policy and rules, as a real currency their are some countries and government did'nt recognize bitcoin besides bitcoin can be use by the criminals like illegal activities,money laundering,scam which may cause for banning of the bitcoin in some countries.

[shiningstar]

There are many reasons why bitcoin is not supported in some countries.
Mostly, because the goverment don't really care about bitcoin and don't think it is something they need to interfere.
And also, there are some countries whose technolgoy aren't that great yet, and it'll be hard to legalize or use bitcoin there.

[Allura74]

Their 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 , at least nothing official and If there is then Its related to the banking system with one way or another . If its about the lack of usability in ATMs , local shops then there are plenty of countries and It takes time as some countries have more priorities .

Some countries are not supported Bitcoin because in Bitcoin system, many banking system hampers by Bitcoin online business. Bank didn't get any interest or tax through Bitcoin. The government does not get any tax from Bitcoin.  So that many countries are not supported it.

In contradict with statement above that there is no country actually ban bitcoin. But actually they exist like China, Taiwan, Russia, Germany, Bolivia are the few list of countries that prohibit the use of bitcoin for public. One of the most common reason is the the threat of one's central bank and to avoid any illegalities and abusive use of virtual currency.

[Eraldo Coil]

One of the reasons is they consider it as a virtual currency or not real currency. With this, people are getting a lot of money from bitcoin but they don't get taxed. Other countries legalize bitcoin but, they were able to put different rules and regulations in using it.

[Leezkie22]

Theres a lot of reason why bitcoin is not supported and supported in some countries. But lets talk why some of countries they dont support bitcoin. Maybe because they find that as treat of there government or treat on how they improve there country using bitcoin. You know all of the government individuals has pride. They have their own beliefs and choices. They dont support bitcoin maybe because they dont like the bitcoin manage there country. One thing I know is that bitcoin is one of the most powerfull businees online. So they should have to deal with it so that their country are become popular.

[cryptojac17]

Most countries certainly do not want that the economy is controlled by the majority owner of bitcoin, we certainly know that bitcoin is decentralized so it is impossible for the state to control when using officially.

In addition, they do not receive any tax credits from bitcoin. If people have to go through the banking system while in an other country to get some cash it will subject them to taxes and other kinds of banking fees. It's not good for the countries.

Yeah root cause why Bitcoin is not being recognized by some country because of taxation because Bitcoin is difficult to regulate  because of its character that unanimous and decentralized.