Why bitcoin is not supported in some countries?

[dbutp]

Many countries do not support bitcoin because those countries have don't have conditions for the popularization of bitcoins, and some governments forbid bitcoin because bitcoins do not bring benefits for the government.

[ankit05]

I thing every country has policies of each so I thing reasonable if there is support and even no support bitcoin. My government to accept bitcoin. just imagine how many money would go in the pockets of government workers in the case. Every operation with bitcoin would be with fees.   

[Potchi]

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 .

Yes, it is about their laws and the current status of their economy especially those countries that are currently suffering from financial problems. It affects on how they are going to manage these circumstances. I also think that they are not supporting it because they think that it might worsen their financial problems or maybe it could become a threat to their plans and success in solving their financial issues.

[Mjeramirez]

I think the reason is that bitcoin is design as a decentralize currency, which means the government may on of its control of monetary which will render the government powerless. Let's remember that the government right now has the control of the central bank which regulates all the private banks in a country.

[cryptoindustries]

maybe they are not yet ready for the technology of bitcoin for example the remote areas in our planet where they still practice barter and electricity and other technology is still far from their home bitcoin is really hard to introduce to them but soon like us they can adopt to the advancement of the technology

[h55]

governors in some country for many reason do not agree with BTC
1- for tax
2- for irregular payments
3- for BTC risks
4- If BTC Wiped out, then peoples money wiped out.
5- some other reasons...

[Bit4UTeam]

The information I could find about official bans on bitcoin was on Wikipedia. Here is a list of countries where bitcoin trading/exchanges are considered to be illegal:

Bangladesh
Nepal
Kyrgyzstan
Ecuador
Bolivia

[Javanewstar]

Because their country's currency has become worthless, bitcoin would have to bar bitcoin in order to preserve the country's security if it would strike even more severely at home.

[B0rnedB0nd]

There are many exchanges other then you have mentioned like yobit.net is a great exchange eith hundreds of coins open to industry. Apart of trading you are able to lend bitcoins for many revenue on month-to-month foundation while there is a piece of financing bitcoins in bitcointalk.org forum. You can also perform chop if you think your self fortunate to beat the bot. The more if you want to invest then buy a rig that creates bitcoins for you. Much more over you can make your personal faucet on faucetbox if you're able to manage to have good traffic.

[Infek]

Because many people invest in bitcoins, but the government expects people to invest in the local economy. And, as we see, in many countries capital outflows are observed.

[ultraminer11]

Because their country's currency has become worthless, bitcoin would have to bar bitcoin in order to preserve the country's security if it would strike even more severely at home.

Bitcoin is threat for the current system. Some government's think just about making profit on peoples back, with many taxes high prices they hold their power, and that is how they rule the country. They already know how to control the supply of money in the state, with that they control everything, can you imagine what is bitcoin for them now?
Countries that think about future, and about people are open for bitcoin because bitcoin is future, others that do not support bitcoin are the countries where leader's think just about their well-being.

[djlasdlsk]

Bangladesh not using the bitcoin.we do not know actual reason but,may be for taxes,afraid about bitcoin payment system.lack of bitcoin knowledge.bitcoin is approved by more countries.

[Pfizer]

Most of the countries that don't support bitcoin or crypto currency in general believe it encourages money laundry or too much capital flight from their country which is contrary to the existing laws in their country and that may be the reason for not accepting bitcoin or crypto currency in those countries.

Money laundering is one factor but not the most significant one to avoid bitcoin in a country. I think they fear of missing some tax from their citizens and that's why they ban bitcoin. This way, they think people can't use it anymore, yet they're wrong.

[songwdzw]

 I am Chinese, in my country bitcoin is not supported due to it has high risk for the investors, since the bitcoin price has big fluctuation. Chinese government think the bitcoin will be harmful for the economy, also for investors. Because they don't know it very much, so they will be very careful to this. In my mind, I think they will finally open the market to bitcoin and other altcoins.

[GeorgeEden]

I am Chinese, in my country bitcoin is not supported due to it has high risk for the investors, since the bitcoin price has big fluctuation. Chinese government think the bitcoin will be harmful for the economy, also for investors. Because they don't know it very much, so they will be very careful to this. In my mind, I think they will finally open the market to bitcoin and other altcoins.

How its gona be harmful for chinas economy?

[Shannykhan44]

It’s also difficult to regulate Bitcoin when, in actual fact, regulations vary from country to country. The only similarity may very well be those countries where cryptocurrency is banned or restricted. The issue of how it is classified also comes up again when looking at a global view of Bitcoin.
In an Investopedia article, a roundup of countries illustrates some of the varied regulations related to cryptocurrency. Here are some examples of the different regulations:
Australia wants to tax cryptocurrency like other commercial transactions but is also cautious after security concerns from losses in 2013.
Brazil has enacted a law about electronic currencies and payment systems, leading the way in evolving its regulations.
Canada would like to tax Bitcoin but it is currently not recognized as legal tender so as no legal recognition.
China restricts its use and does allow financial institutions to conduct any transactions using Bitcoin.
The European Union has spent time debating the issue and has found some ways to tie a legal basis for Bitcoin to its existing laws, but the European Banking Authority is still against it until it becomes regulated.
Finland has created specific instructions on how it can be used. It also has made any gains from these transactions subject to capital gains tax.
India has shut down the country’s largest Bitcoin trading platform and currently has no regulatory framework for cryptocurrency.
Russia restricts the use of Bitcoin and is concerned over its potential for use in money laundering or terrorist activities.

[BlackBird13]

I think governments who do not accept Bitcoin are already starting to lag behind.

[Harriti]

Most of the countries that don't support bitcoin or crypto currency in general believe it encourages money laundry or too much capital flight from their country which is contrary to the existing laws in their country and that may be the reason for not accepting bitcoin or crypto currency in those countries.

Money laundering is one factor but not the most significant one to avoid bitcoin in a country. I think they fear of missing some tax from their citizens and that's why they ban bitcoin. This way, they think people can't use it anymore, yet they're wrong.

No, there are many methods can tax Bitcoin. I don't think the government are stupid and don't know these methods. Example exchange services and mining, these fields are depending on the government. If they don't have the support from government, how do they have electric to run mining farm or create website exchange?

[USScrypto]

U can see this just in the countries that they are not with good democracy level and this kind of governments don't care about opinion of people

[wolfracer]

There are diverse possibilities by which governments take these measures against of the cryptos. The first is the possible threat that bitcoin represents against the personal interests of the government, the second, safeguard citizens from the possible scam that bitcoin can represent (The big speculative bubble), a third possibility could be, protect the national currency against possible depreciation that bitcoin can cause,  among other. Nevertheless, not all the reasons why the governments that impose these sanctions are the same, since not all governments use the same policies.