Why bitcoin is not supported in some countries?

[wasaisi]

On the other hand, some governments rejected it for some reason. Like those countries fear that bitcoin will make their economy go down. My country like that bitcoin get banned because don't want take a risk.The entering and exiting of money in bank will be affected. As soon as they learn how to regulate civilized relations between bitcoins and banking systems, they will be support bitcoin i guess.

[cuanterus]

In my judgment why they do not support bitcoin because on the side of their mindset they see that it is bitcoin can increase hidden transactions in doing things illegal and bad things can happen with the prevailing currency, this is the only thing i know but bitcoin very useful if you do not use it on bad things or bad for anyone.

[Skieleton]

Bitcoin and cryptocurrencies are a phenomenon that strongly polarize society, economists and governments. While countries like Japan or Belarus want to take advantage of the new technology, other countries prefer to simply introduce bans. Today, we want to provide you with an infographic about countries that have banned Bitcoin.
Many countries, organizations and important people are strongly opposed to cryptocurrencies, and relatively few of them decided to take legal steps. We have therefore chosen those states which, through regulations adopted by governments, central banks or other official organizations, have introduced specific legal sanctions for the use of Bitcoin and other crypto.

[jayabaya78]

Each country has a different culture and technology.
the culture of my country is very open with the presence of blockchain technology as a very neat, decentralized note and counting tool that can prevent all bad things that can happen, while for bitcoin in my country, local banks and central banks give statements about Bitcoin.
here it is said that bitcoin is not 'real' money, which can apply to payments, or financial assets.
Based on this, it is not possible to use Bitcoin as the official money for any payment.
I think this situation is very similar.
Hopefully, we will soon see some changes.

[donnieyen]

A country has different cultures and technologies.
developed country culture is very open, the presence of blockchain technology is recognized as a very neat, decentralized record and counting tool that can prevent all bad things that can happen while for bitcoin in a developed country this could be a polemic in existing culture and technology, for example a local bank or a central bank that gives a statement about Bitcoin here it is said that bitcoin is just a virtual currency whose price is not guaranteed consistency, it can not be used for payment , or financial assets. it is not possible to use Bitcoin as the official money for any payment.

[Rakabel619]

Hello. In which countries is the Bitcoin or Cryptocurrency market no longer accepted? 
I have not heard anything about it

[yucien78]

A country has a legal and financial institution deal that regulates everything thoroughly and realistically. The laws and values of a country's currency are very open and the centralization of the bank in the country, only the presence of blockchain technology is recognized as a neat, decentralized record and counting tool that can prevent all the bad things that can happen while for bitcoin in this advanced country can be a polemic in the existing culture and technology, for example a local bank or central bank that gives a statement about Bitcoin here it is said that bitcoin is just a virtual currency whose price consistency is not guaranteed exchange rate, it can not be used for payment, or financial assets. it is not possible to use Bitcoin as the official money for any payment.

[Tuesto]

According to my opinion, the first reason why bitcoin is not allowed in some countries is that those countries can not be democratic countries and the government does not want the country's money to go out.

[AnnaGeraMsk]

And why would someone have uncontrolled money?

[Tuesto]

İn my opinion; one of the reasons why some countries are allowed to operate bitcoins is that they say that the ministers of the economy ministers of the economy are an insecure and non-payment instrument.

[SteinsGate]

My idea is that maybe their government is trying to monopolize the access of bitcoin in their country by their authorities. It is common to people that if there is a source of wealth they will try to keep them for themselves. This is just an opinion though, but I think it is really possible.

[miang]

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

[Teo2015]

Bitcoin can only be banned in countries lacking democracy. I think this can not be infinite and eventually everyone will adopt bitcoin.

[1 currency now]

And why would someone have uncontrolled money?

The whole Government just wants to make Bitcoin cause a scene, the whole Federal Reserve can make Bitcoin whatever price they want.

[Doni Ariyanto]

Of course every country has different policies and regulations that regulate the finances of the country, on the other hand of course they worry if legalize bitcoin will affect the state of their country's economy. Bitcoin is prohibited by some countries does not mean there is no country in it.

[Arisgado]

Bitcoin is not supported in several countries because the governments, firstly forms a currency. Their capabilities are not suitable in the acceptance of bitcoin because they are not yet technologically advance.  This is the reason behind the unwillingless of some countries. They don't like new things in their national economy.

[ogtejiri]

BITCOIN IS NOT SUPPORTED IN SOME COUNTRIES BECAUSE IT IS SEEN AS SOMETHING ILLEGAL

[Tszone]

BITCOIN IS NOT SUPPORTED IN SOME COUNTRIES IS BECAUSE MOST COUNTRIES SEE BITCOIN AS A PONZI SCHEME OR SOMETHING ILLEGAL

[jsscswan]

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

Yes it is true that in some countries there is no permit ownership or use of bitcoin. Some of these countries may have a reason that bitcoin could threaten the security of their country because of the anonymous bitcoin ownership properties and bitcoins can be misused by their raykat. So naturally if there are some countries that prohibit bitcoin, all countries have their own policies.

[tachi641]

Its because of government that bitcoin is not supported in some countries as governments are really afraid that if bitcoin becomes the main currency then they will loose control on money which will end up all their corrupted activities.