Why bitcoin is not supported in some countries?

[aoebtc01]

In the future, Bitcoin will be manipulated by government of each country.
Further, each country will have a own cryptocurrency.

[nbjh]

The ledger of Bitcoin balances is stored on a network comprised of thousands of individual computers around the world. Anyone can run the Bitcoin program which contributes to that network and stores the record of every transaction that has ever happened. This is what is called a peer-to-peer network or a decentralized network.

Bitcoin is legal in most countries in the world, but it is not explicitly prohibited in China and it is not explicitly allowed. However, the second virtual currency has never been heard and is not recommended. For virtual currency, only two, Bit and Litecoin are recommended.

[Tagabukid69]

Some countries do not allow bitcoin in their area since it is not centralized, The government authorities will find hard to traced people transaction using bitcoin because they are anonymous.

[cuteness]

it's not supported in some countries for they see it as a threat to their economy.just imagine it's dynamic value which changes almost every hour? if i'm not mistaken.and the fact that it is untaxable means only that the government who supports it cannot gain any from it. however,though some countries do not support BTC,the fat that they too are not banning it, proves only that maybe,just maybe theyre thinking of the possibility of considering it. though in my country,BTC is either hanned nor accepted. 😉😉

[Questat]

Some countries do not allow bitcoin in their area since it is not centralized, The government authorities will find hard to traced people transaction using bitcoin because they are anonymous.

They cannot change the reality that bitcoin was created for decentralization and that is more transparent than a centralized system.
We can comply with the rules the government will impose but the system will work as normal because no one can change it and the blockchain is really useful.

[whiut]

Only a small number of countries accept Bitcoin. Bitcoin does not require taxation in some countries, which poses a threat to them.

[bnhbg]

Because some countries want to introduce their country's cryptocurrency, they want to occupy the cryptocurrency and therefore do not accept Bitcoin.

[Caesar Cung]

Some countries do not allow bitcoin in their area since it is not centralized, The government authorities will find hard to traced people transaction using bitcoin because they are anonymous.

They cannot change the reality that bitcoin was created for decentralization and that is more transparent than a centralized system.
We can comply with the rules the government will impose but the system will work as normal because no one can change it and the blockchain is really useful.

Why is bitcoin not supported in most countries around the world?
I think that is also the reason why the current bitcoin has not proved its true value! Why is Bitcoin supposed to be supported around the world? It is thanks to its application and the blockchain technology behind it, and the country wants to grow, it takes bitcoin (like a modern society without cash), and wants blockchain (technology supports a whole transaction the public is the technology platform for a non-corrupt institution that needs a bitcoin! So now may be the best time to invest bitcoin!

[Boromon]

I think most of them are afraid especially their respective central banks are afraid it will collapse their local fiat currency, and Bitcoin is a crypto-currency and they don't get a taxes into it and that is the reason why they banned it.

[marroxas]

Many bad peoples uses bitcoin as their fund transfer activity. They are using it for criminal activities such like drug dealer, weapon transaction, illegal transaction, black market activities. So the government aware this circumstances and warn to the society not to use bitcoin.

[garen21]

bitcoins are not supported in other countries because they do not need it because there are many wealthy people in the country unlike many poor people but many are still poor or abroad but their government only helps them so little bit of bitcoin had them.

[Xw73]

Yes, some countries don't support bitcoin, because of the reason that they think bitcoin is a big threat to there government and their economy. As well as fear and ignorance, to protectionism of there national currency, to building a new currency in bitcoin’s image.

[Seresjen]

The problem of compatibility is presented by the regulations that some countries impose, but they are actions of which we do not have control, just as there are countries that currently support the use of cryptocurrencies, but the question is, are we in control? very easy, keep in mind those that support security, privacy and anonymity in transfers, that its main feature is the well-being of the user in any country in the world, in my case adopt a deeponion, which is in the process of airdrop , and there are only a few weeks left until the project finishes consolidating.

[CannonWarrior]

I think the reason behind why there are some countries who do not support bitcoin is the lack of capacity they have.  They are not yet well develop so the company of bitcoin will not be able to establish a good service.

[Milonsa]

Yes! it's right,bitcoin is not supported in some countries.I think bitcoin my country government not accept and bitcoin not support futher country.those bangladesh,vietnam,russia,china etc.this country mind  due to of it a perish technology.this systematicallly illegal amount exchange,Intoxicant sell and illegal working using cte in bitcoin.ita bitcoin they're not accept.

[2girls]

There's many reason why bitcoin is not supporting in some country. One of the big reason is its banning. For someone countries its illegal and UN famous coin. Government are against it because its a tax free and they're afraid people start using it and not pay tax to the.

[Cactushrt]

May i ask if what country is that? It's not fair that government will take a person to jail for 6 months bitcoin users are not criminals.

[Wish 107.5]

Yes, some countries don't support bitcoin, because of the reason that they think bitcoin is a big threat to there government and their economy. As well as fear and ignorance, to protectionism of there national currency, to building a new currency in bitcoin’s image.

I agree with you. Bitcoin can be a big factor to the economy of one country; since it is not controlled by the government, and there is no taxes involved; people can choose it over the fiat money.

[2girls]

Other reason I see is  its misuse, Every other people is now aware that bitcoin transaction is anonymous and almost every criminal use it for wrong activities like selling drugs, guns which make them unsafe and for cops its become hard to reach them or track them down.

[elsie34]

Other reason I see is  its misuse, Every other people is now aware that bitcoin transaction is anonymous and almost every criminal use it for wrong activities like selling drugs, guns which make them unsafe and for cops its become hard to reach them or track them down.

that is also the other reason on why some country dont allow the use of bitcoin and other crypto because they only think that it can cause criminal activites or illegal activities due to the fact that they are anonymous. but not all people will use it for illegal purposes , majority of the people do actually use bitcoin for good. i hope these country that restricts bitcoin should change thier minds soon , so that bitcoin could even grow more if they manage to adapt it.