Why bitcoin is not supported in some countries?

[Noesly]

I think, bitcoin is not supported in some countries, because some countries not supported on bitcoin,against in bitcoin, think that bitcoin is risky, thats many reasons that bitcoin not supported in some countries, and many of them of some countries is independent and rich so thats why not supported of some countries.

[Opekin]

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

your question is pretty good about why there is a country that prohibits bitcoin and is it fair, it is likely the country is afraid of inflation on the country's economy or the country is afraid of a bad deviation to bitcoin users if in my opinion

I think it is more of about the independence of a particular country like those which are part of the communist type of government. They are close to share their resources with other countries that are democratic. Same when it comes with fiat or currency. For instance in North Korea, aside from the fact that they prohibit their people from using internet that is not tolerated by their government, the value of USD there is very low. These countries closed their doors for government purposes.

[Omega Weapon]

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

That is not a reason in fact we have not heard a lot from countries that are very poor, most of the time we are hearing news from countries that are very rich, bitcoin has been accepted by japan and there are some countries that are undecided, and the reason of being undecided is that they know they cannot accept bitcoin as a currency because if they did they will be recognizing that we do not need governments to print our currency for us.

[diegodos]

Some countries do not accept it, because it is not clear how to regulate the cryptocurrency, it is not clear how to identify the payment and track terrorists, drugs. Fortunately now many countries have already taken up the challenge and soon bitcoin will be legalized but will be taxed..

[jak3]

First of all, let me clear that governments can detect or track anyone if they work hard because Bitcoin is not a complete Anonymous system if you make a lot of transaction from a single address and their address can be tracked. No governments have a rule that every money export or import into their country has to go through Some Tags especially in India. They do as much as they can to prevent it from the country I don't know why I need a thing that it is bad they know something which we do not know anyhow for me Bitcoin is not harmful and is much useful if we can use it incorrect way.

[freedomgo]

Some countries do not accept it, because it is not clear how to regulate the cryptocurrency, it is not clear how to identify the payment and track terrorists, drugs. Fortunately now many countries have already taken up the challenge and soon bitcoin will be legalized but will be taxed..

If you look at the dark side of bitcoin you will find a lot of negative possibilities it will bring but a country in order to progress
should also consider the bright side, they should not be one sided and carefully evaluate if in overall it will benefit the masses.

[coinoberg]

Because a government in a country thinks that bitcoin can paralyze the country's economy primarily from state revenues, it is due to the decentralized bitcoin nature that no one party can control bitcoin including government in a country

That is just one of the reason why crypto currencies are not supported by some governments. Another reason is tax issues. As tax is the main dish of any government they don't really like the idea of blockchain.

[iron talon]

First of all, let me clear that governments can detect or track anyone if they work hard because Bitcoin is not a complete Anonymous system if you make a lot of transaction from a single address and their address can be tracked. No governments have a rule that every money export or import into their country has to go through Some Tags especially in India. They do as much as they can to prevent it from the country I don't know why I need a thing that it is bad they know something which we do not know anyhow for me Bitcoin is not harmful and is much useful if we can use it incorrect way.

This is the idea, in monero let's say, they can't track the transactions because they don't disappear on its blockchain. That's why we need more implementation on bitcoin to protect our privacy.

[Protected101]

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 countries are not open minded in cryptocurrency they did not know how important it is,so thats why they banned it their country.Due to its decentralized they find hard to detect it im any transactions we are doing.But they cannot ruled beacause no one can give a law by bitcoin.But there are some countries that they supported it and used it as a payment system and also in my country it was supported by central bank so no need to worry.

[1jaffa1]

Reasons why run the gamut, from fear and ignorance, to protectionism of their national currency, to building a new currency in bitcoin’s image. The list, in general, is not much above ten, but that is subject to change, as many countries have not made an official decision for or against bitcoin. Some are banned by the country’s Central Banking system, some are banned by the nation’s government, and in many countries the Central Bank and national government act as one and the same

[Jhaypril05]

Because they didn't get a tax on it that's why they ban bitcoin in their country. There is no bad in holding or having bitcoin transaction. They have nothing to do to manipulate the bitcoin price maybe that is one of the reason why they have to ban bitcoin in their Country.

[terang93]

Bitcoin don't support some country due to the prohibited of Bitcoin on that country. How can you support a country that never give you a chance to stand on their lane ?

[Md Saad]

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 Some of those countries government are afraid of Bitcoin growth, one thing can happen that those government are highly motivated to not use Bitcoin because of decentralization of the money. I am sure that any government would not do this, they need a system where they can control and regulate when they want, I think that can be one of the reasons not providing any support using Bitcoin.
But the scenario is changing day by day people and many countries are collecting and getting engaged in this system.

[Cryptoguru274]

Yes really, Bitcoin is not supported by many countries of the world because many governments are afraid that most of the rich men in control of the finance will be affected. So they declare Bitcoin usage as illegal. They don't want loose the control they have on its citizens.

[sneeze11]

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 some country didn't supported bitcoin because they all know that bitcoin for now is not legalized worldwide so they wait other country to approve it and when they are united it can be supported worldwide. Others think this is a scam because they can't believe that we can earn to it and they didn't know the process here.

[letningmequin]

Yes really, Bitcoin is not supported by many countries of the world because many governments are afraid that most of the rich men in control of the finance will be affected. So they declare Bitcoin usage as illegal. They don't want loose the control they have on its citizens.

Yeah , if you're being too good, you will be threat by others.

[Geoll29]

Proper education is the key so that people will start using bitcoin. I think those people who are against bitcoin are the ones who want to take control. They may have hidden agenda or objective that will benefit their own business or personal needs.

[daxkie]

Different country different interpretation if they don't support bitcoin may be is not a time to pusue what was our thinking is because that is their interpretation but for Us bitcoin now is more and more popularity as digital currency.

[enwi]

In some countries do not support bitcoin because bitcoin is risky and the government may not want the risk to happen to its citizens because it can cause a person to go bankrupt and lose all the money.

[dupee419]

Maybe they not support bitcoin in some countries because the people who are in country is lack of information about bitcoin so they didn't know what it is and what can do the bitcoin and also proper education is really need to start bitcoin if the government will against the bitcoin because bitcoin is very risky they will not support it unless if they found out that the bitcoin has a many advantages