Why bitcoin is not supported in some countries?

[vidprab5]

Same question and almost similar answers again and again, and now i feel that this page must be locked because everyone is explaining same things with different wordings.

It is the reality of the people are not now being in the bitcoin because all the people are aware of the ups and down of the bitcoin now but it does not mean the bitcoin value will get down or the bitcoin will not get the price and the profit because still thousands of the people are using bitcoin and it use to grow each and every day with the help of the bitcoin and the price of the bitcoin will be more than this in very short time.

[achikomimi]

Truth is a matter of perspective. We all have different opinions about certain things. Some countries do not support Bitcoin because they think it is a fraud or a bubble. They think that it will deflate one day after market correction, that is why they think it is not good to buy and definitely should be ban totally. We can't blame them. As long as we believe that this is the future, then let them be.

[Blondy12]

bitcoins is not supported in other countries, i think because bitcoins is only controlled by the holders. si it means it is a treath to the government for it is not taxable. actually, in my country they even spread fake news about bitcoins.

[LigwagGanern]

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 bitcoin is not supported in some countries maybe because one of the reason is the tax of bitcoin. Bitcoin is a tax free, and government needs tax for their projects or activities that they will do in their place or city. I think it is hard to them to accept bitcoin in their country because if that time comr they don't know where they will get their money for their plans.

[jagmrx]

Truth is a matter of perspective. We all have different opinions about certain things. Some countries do not support Bitcoin because they think it is a fraud or a bubble. They think that it will deflate one day after market correction, that is why they think it is not good to buy and definitely should be ban totally. We can't blame them. As long as we believe that this is the future, then let them be.

Probably because the state can not profit from Bitcoin. Bitcoin has indeed changed the lives of many people and can improve people's economy. But I think Bitcoin can be difficult to improve the country's economy if the state does not want to learn about Bitcoin and take advantage of Bitcoin. Nor will we deal with taxes and banks if we use Bitcoin. If we use Bitcoin transactions, we do not need to give a fee to the government. And if we keep Bitcoin, we will not keep it in the bank and the government will not be able to profit anything.

[dotts]

Bitcoin is not supported in some countries because they believed that bitcoin is the tool for crime, which people use it for laundering and other illegal payments or illegal activities. They think that bitcoin is a threat to their fiat currency.

[Bitcoinismylife12345]

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

First is because they've known that bitcoin are used in deepwebs and blackmarkets, it can also use for illegal transactions by the crimininals. Another is because government can't control it, and they think that bitcoin is threat to thier economy.

[FlTZ]

It is lack of central payment system which could lead to people being financially harmed, In Bolivia they banned BTC because cryptocurrency are not issued and controlled by a gov't or unauthorized entity are so called illegal. In Ecuador they building electronic cash system, so they feel the need to protect their new currency from something clearly superior. A decentralized currency of finite production that cannot be manipulated by Gov'ts or banks might dim the lights on their new program in the eyes of the public, which offers non of those benefits.

[DoublerHunter]

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 bitcoin is not supported in some countries maybe because one of the reason is the tax of bitcoin. Bitcoin is a tax free, and government needs tax for their projects or activities that they will do in their place or city. I think it is hard to them to accept bitcoin in their country because if that time comr they don't know where they will get their money for their plans.

Most of the countries have regulation on bitcoin and the tax is not a problem in bitcoin if you really want to tax bitcoin then you will just make an order or law that will discuss the regulation in bitcoin and the things that the people that is related in bitcoin that is needed to do so the bitcoin can still be allowed or supported in those countries.

[SheepJEFF]

SUPPORTED and ACCEPTED are two different things. From my point of view, support has to do with being integrated into the economy while accept has to do with a person to person usage.
On the issue of support, bitcoin as a Cryptocurrency it is cannot be easily brought down on a day to day usage for transactions and payment. Bitcoin is not supported in my country because the technology required to use it is not available but it is acceptable, for instance if I have a Bitcoin enlightened Friend, we can choose to exchange and pay via Bitcoin.

[ethn0centrism]

Really I am not Recognized correctly about Alternative or Bitcoin coverage.Becausbitcoin something dump altcoin pump motor again bitcoin fully pump motor altcoin dump.Bitcoin completely dump altcoin dump.Why?This policy know very difficult. e

[redsuncrypto]

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 country afraid of BTC break the rule and financial market, etc. but like drugs, bitches, it'll survive out of the law

[reymartH]

I think many countries do not like cryptos because of the perception that it makes dodging taxes easier. Aside from that governments are mainly concerned about things like ICOs  and cryptos being used for evading capital controls,facilitating money laundering and other crimes.

[Genosx]

 Since many people in the whole world are not yet educated about bitcoins. Another factor is some countries are not well develop which they cannot afford to accept this kind of opportunity in their country.
Lastly, many people’s consider cash-based system.

[bcointt]

Fear of losing power and control. Always something new meets with rejection. The state needs control over its citizens. Cryptocurrency can pick up it.

[CowboyKiller]

I think many countries do not like cryptos because of the perception that it makes dodging taxes easier. Aside from that governments are mainly concerned about things like ICOs  and cryptos being used for evading capital controls,facilitating money laundering and other crimes.

for me why some countries are not supported the bitcoin its because each country have their own policy maybe the government are concerned will many wiping the money or commonly known as money laundering. fair or not that's what we have to face because until now the existence of bitcoin is still not recognized.

It is reasonable for the government. I understand their worries, they can not accept a currency and affect their power as Bitcoin. It is decentralized system, a new concept can change the world in future. Of course, some people will say this concept is not new, but for many people as me, it is new at current!

[wledgewil]

I believe it happens where earning source for a government is even based on bitcoin and now bitcoin is the top competitor for banks so many countries started banning bitcoin. To be added young stars opting bitcoin mode for illegal activates like purchasing drugs/drinks. This is putting the bitcoin trend negatives sometimes. Even though i strongly believe bit coin is a best platform.

[retnoanjani]

most governments have not legalized bitcoin, and some actually banned it. the reason is almost the same, that is security issues and crimes that may occur due to bitcoin. however, I think some goverments or people still can not accept this digital currency technology, many still consider that this is a scam.

[Ourat]

because they are too afraid of the risks to be gained by the community and may also have many impacts caused by bitcoin to a country. I also do not know for sure but the risks that may be feared, bitcoin is a currency that is difficult to control, easy to use fraud, and may also affect the world inverstasi in the country

[De Suga09]

my country is not supporting anything like drugs/bitches
bitcoin is accepted as well in my country so

Some other countries are not into the side of bitcoin. They might be fearing that cryptocurrency can affect their economy negatively. This could be because of the anonimity of bitcoin. We cannot identify the direct sender of accounts. Government fear that this can be used to find terrorists and can also make gamblings even easier.