Why bitcoin is not supported in some countries?

[codecares]

Actually some countries they are thinking that bitcoin is a threat to their ecomomy, that's they became negative into it. But if they approximately going to be right of admission minded nearly it, surely it will improvement their economy on the other hand. 

[Mr.Anonymous]

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 guess there are still countries who are reluctant about the whole idea of bitcoin because they fear about the outcome for implementing bitcoin in their respective countries. Some countries also sees bitcoin as a threat to their economy and for the people to no longer apply for big companies and factories because they have another means of earning money.

I agree, the states of the countries don't know what they will do with this technology and how this will affect the economy of their country, because it is easier for them to prohibit and not support than to try to introduce something new and find in this positive moments and development

The government know which field they can use the blockchain technology to apply and help the society be better. Blockchain technology is the great invention. Even, it is truly the greatest and most valuable in human history to this day, IMO!

[Ethernel]

Most countries do not support bitcoin because they do not recognize it as part of their acceptable monies hence anybody can use it freely as they see it to be of no value.

[Heronzkey]

so is bitcoin because it is great to help people but there are countries where they do not support bitcoin maybe it will be difficult for them to get a tax here

[aannnttoo]

there are some factors many government are not considering because in some countries people are using bitcoin for illegal activities.
In my country they are afraid of it, they have no control over it and are worriedabout the possible damages it can cause to their economy.

[Snub]

It is just because there are still countries where there is no stable internet connection, even electricity. They just don't need BTC on their stage of public evolution

[peopleupsetmeup]

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

People says bitcoin is a bubble while I don't believe so, in a fact I think BTC is likely bonds of new era.

[mabell943]

I think the best reason behind this why bitcoin is not supported in some countries is they are not yet well develop to adopt all changes happening.
Many countries in the whole world are not technological advanced which is a one of the thing should consider in establishing a electronic banking in once country.

[seanskie18]

Some countries don't support bitcoin because they don't get taxes from it and they recognized it as an illegal way to get money.

[Estrath]

That doesn't have to do anything with risk. The reason why - because every country has an economical system and every goverment wants to control this system completely. With crypto they can't to that at all. This lose of control is unacceptable for most of goverments.

[duchaitp]

Perhaps everyone's assumption about bitcoin is different and sometimes bad assumption is more dominant among the public who do not know about bitcoin completely.

[Bandon]

Unlike the conventional money, bitcoin is hard to control. I think that is the biggest threat to them.

[parassinghal]

Its because of its uncontrollable structure. Because bitcoin works on decentralized network and cannot be tracked by government due to which government cannot take the tax on transactions. 

[Ian Dave]

Bitcoin is not supported in some countries because governments don't believe on what Bitcoin can do. They say that this site is scam and many hackers here. But they are wrong because Bitcoin can help the economy of a country.

[claydeey]

Some countries do not support bitcoin because they feel BTC is a treat to their economy and currency as well. While others feel that if the populace of their countries patronizes BTC they will lose control because BTC is deregulated.

[Hoganye]

That doesn't have to do anything with risk. The reason why - because every country has an economical system and every goverment wants to control this system completely. With crypto they can't to that at all. This lose of control is unacceptable for most of goverments.

No, Bitcoin can be a digital currency as Paypal or become a digital asset for trading on stock market. I think both things do not affect the power of the goverment, because the cryptocurrency user still want to depend on the protection of the government.

[Green_Earth]

I think, some country government think, since bitcoin hide bitcoin user identity then impossible for government to monitoring bitcoin user and make a money londaring.Then  bitcoin is not supported some country.

[anigoweb]

Bitcoin is not supported in some countries because governments don't believe on what Bitcoin can do. They say that this site is scam and many hackers here. But they are wrong because Bitcoin can help the economy of a country.

In governments there are people who are 50-60 years old. For them, this is all associated with deception and can not be evaluated in a physical sense, such as gold. And tricks with the price when it was $ 1000 yesterday, and today $ 20,000 creates even more bans and scares the authorities.

[m9shn9sh]

All due to the fact that bitkoyn is a crypto currency, and it is not taxed, as is the case with national currencies. Anyone can save his bitcoin by winning a purse.

[GoldMen]

As it is a currency that you do not really know the origin, they can be used for many illegal purposes, it is MOSTLY the fear that countries have, but they can not be closed to this new technology because they are simply going to be left behind.