Why bitcoin is not supported in some countries?

[jayveerastrullo]

some countries dont support bitcoin because they think it's a scam. I get there point that they're just protecting there people.

[kadutz25]

Probably because these countries feel bitcoin can make their people fail and stop trusting and accepting or using bitcoin and probably because of the unstable bitcoin price factor up and down so they ban bitcoin.

[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

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.

Yes, it depends on the power of the government, if they can manage the cryptocurrency world, they do not need to ban it because they can take advantage the volatility of Bitcoin for the reason to take high rate taxation for the crypto trader.

[Razo123]

Actually 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.

[santieevanz]

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

It is true that there are countries who doesn't support bitcoin and some of them already banned it. Bitcoin is not risky but the things are, they think that bitcoin will bankrupt some banks, it is commonly used by criminals and terrorists, they thought that bitcoin is illegal and etc. However, Korea and India already accepted bitcoin because they have misunderstood with regards to the crypto currencies and it is a good news that if a country banned bitcoin there is also a chance to accept and consider it.

[anything9ce]

its greatly boils down to ignorance and fear of the unknown .The reason is probably because there is still dominant thinking that Bitcoin is something connected with illegal activities or tax evasion and the inability to predict the bitcoin market or the attitude is that Bitcoin is threat to financial system or probably bitcoin is going to over rule their local currency and turn out to become the leading currency leaving their local currency at its mercy

[Gondwanaland]

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 of the laws that they have. Yes,  bitcoin is risky too. that is why some countries are afraid using bitcxoin because they need to face the risk of bitcoin. Every countries have different laws and beliefs so that bitcoin maybe not supported in each country.

[shovonsarawa]

Bitcoin is not supported in some countries because they think that it is not safe and some country think that it is a money laundering.

[cozytrade]

Bitcoin is not supported in many countries because they are not informed about advantages of it. Its not the legalized in many countries. They are not aware of the cyrptocurrency. Or should I say they think bitcoin is a scam but if you find out the benefits of it definitely you will love bitcoin more. So they are banning bitcoin in many countries

[MoneyMotivatesMe]

It's always the lack of new technology awareness on their people. I remember that it takes years before my country keep up with the modern times so I know that those countries are just will be able to keep up someday.

[ice_man75]

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

It all ends at what the government body is made up of. If there is corruption and is shrouded by corruption from head to toe they will, and there has been suspicions about them being corrupt they will consider Bitcoin as illegal so that they would look good.

[Danglen1010]

The reason why the company of bitcoin is not supported by some countries because it was not been taxable by the government; from all transactions they have so they consider bitcoin as illegal from its transactions.

[among]

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 because of the forcement of thier central banks that's why government banned bitcoin and altcoins , i guess that's not fair,

[Marco Ambrusini]

Maybe all countries are have some used it but they don't want to spread it because some government ban bitcoin in their country thats why some countries not support it.  They don't like cryptocurrency in their country thats why didn't support it.

[zhopas]

Bitcoin is not supported in some countries maybe because their government has their own policy and law that they value very much. In addition, they don't want to spread it because they do not have enough knowledge about it and they think that its risky nor not safe to implement it in their country.

[Klestar]

The main reason for the illegalization of bitcoin and all bitcoin-affiliated activities is the lack of knowledge of their government with bitcoin. Moreover, most of these countries think of bitcoin as an enemy of their economy since it attracts customers and investors but can't be taxed since it provides anonymity to the users

[zafirawijaya03]

Why is bitcoin not supported in some countries?
Because the country wants to live and develop local money in the country so bitcoin is not yet supported, I just hope someday bitcoin can be accepted in all countries as international digital currency and has a permanent legal force.

[tendor]

Each government has it's own view of bitcoin. Many countries do not accept bitcoin because the government does not control the development of bitcoin. Bitcoins affect the interests of banks.

[jorse]

Because, in my opinion, this currency does not have a tax charge for the country, & also the system in use is very very simple that is between the "user to user", and many cases of piracy crimes in this currency, obviously many countries do not want to be responsible.

[joelou]

For me i think because some county lock of information about bitcoin.  and did not know what kind of bussiness is bitcoin.  And  some of country thinking bitcoin is a threat in there government.