Why bitcoin is not supported in some countries?

[LegendOF45]

Some countries not supported bitcoin because they think that bitcoin economic threats, we all know that bicoin use the concept of decentralization that many contrary to state policy.

[litecoincashteam]

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

Bitcoin & other strong crypto threaten the banks and this impact the economi of government

[aoebtc01]

Always exit 2 opinions: positive and negative.
If you worry about risky, can't accept that lose your money when invest. You won't supported in Bitcoin.

[rh72]

In some other country, bitcoin is not legal payment. Bitcoin can be used for cost  of crime, drug, money laundry, and keeping the legal currency in a country.

[renggileh]

It's not supported beucase many socialist, social democrats or "state capitalist" countries cannot tolerate a hurricane currency like Bitcoin so they use any kinda dismantle stuff to don't even let Bitcoin fall into the common ears and in the mouth of people, most it's because they fear that people will let the official coin to get a better one, so, they use this kinda machinism.. like russia, some african countries, Venezuela, (and why not US) so that's it

[catur123]

Perhaps the government's view that forbidding cryptocurrency is always negative because it could have an impact on the uncontrolled entry and exit money in the bank and it could also buy something illegal in the country.
But, unlike the Japanese who think this is a new technology that can make it easier for us to transact and not difficult to bring money in the pocket to pay for something.

[Janademir4]

in my country the use of bitcoin has been banned because it is feared will abanyak harming people who use it so that the country's economy could be threatened, but not by mining. mining is still allowed in my country

[potatocrasher69]

There are actualy only a couple of nations where Bitcoin is actualy upheld in legitimate way. All others are simply enduring or overlooking it or it's prohibited. The reason is most likely on the grounds that there is stil predominant reasoning that Bitcoin is something associated with illicit exercises or tax avoidance, or the state of mind is that Bitcoin is threath to money related framework or the essentially simply don't recognize what to do with it.

[Cinemo]

perhaps this is a remarkable question, myself would be interested to know that, although I understand a certain part of it. perhaps its legality has caused it to be some countries prohibit. Bitcoin is a virtual currency, but it has great value. Therefore, these countries wanted to profit by it, in contrast, when a country does not want to be influenced by Bitcoin, they will ban it

[bettm]

Because the decentralization of Bitcoin makes it difficult to control, and the country is most afraid of the economic system is not controlled, so that the national economy is easy to chaos, so many countries, especially big countries, are afraid to accept Bitcoin.

[LuckyCoinJul]

most countries conduct a closed political and economic system in order not to introduce economic and political chaos among people, to protect them from modern tendencies and to maintain the established rules. Unfortunately, sometimes we can not influence this situation. the only way out is to look for partners in other countries for the most difficult financial transactions or to move to another country (

[Joshapat]

Many countries are not supported bitcoin for many reasons, but mostly because of decentralization, anonymous and so on. we all know that bitcoin prices depend on the market so if it is legalized it will keep the country busy to control the price so as not to disturb the economy.

[liseff3]

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

According to officials who think weakly they once said: "Because of its volatile value bitcoin can damage the state's financial stability especially banking and it's very dangerous for the country". That is the classical reason which they often say in fact they don't want any progress on its citizens and bind its citizens with various types of soft loans (traps) to make their people increasingly dependent to the government.

[DoublerHunter]

Many countries are not supported bitcoin for many reasons, but mostly because of decentralization, anonymous and so on. we all know that bitcoin prices depend on the market so if it is legalized it will keep the country busy to control the price so as not to disturb the economy.

I think that the anonymity is the main reason why bitcoin is not supported in some countries because they can't trust it because the criminals can just use it to do illegal transaction and still stay under the radar and stay undetected so that is what the government doesn't like so they are still into preventing that thing to happen so they are banning bitcoin.

[Genosx]

Maybe the reason why some countries doesn't support bitcoin is because they think for the possible negative results may happen in using bitcoin.
Maybe they also think for the sake of people who may be suffer in to losses if they don't how to play wise on it.

[Tiktik]

Bitcoin is not supported by goverment in several countries because they want to control the money and Bitcoin can not be controled because it is decentralized. I do not think that many countries ban Bitcoins and some people use it even if it is banned in their country. You just need internet connection, so it can be used almost everywhere.

[kimdomingo]

Bitcoin is not supported in some countries maybe because people from those countries do not appreciate yet the benefits they may gain through the help of bitcoin. And also, they are lack of supporters for bitcoin and not yet open and interested with it. Maybe through further advertisement, someday all countries may support bitcoin already. Another thing that i can see why some countries do not support bitcoin is that, government find it hard to collect tax from income coming from bitcoin.

[kalawang]

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 invested the same about bitcoin. Bitcoin is not legalised in many countries because of the illelagl ways used with bitcoin. I made some research about the illelagl ways and found something fissy about deep web. Thats the main reson behind bitcoin been illelegal. Deep web used bitcoin for selling drugs and all illelegal activities. If they are shut down, bitcoin will be legalizefd according to me. Bitcoin is a best cryptocurrency to invest and used for trading. If used legally, bitcoin has always proven the best.

[jackkun]

Maybe it affect to the value of their money or stock market

[focmere]

Maybe it affect to the value of their money or stock market

Imagine that governments and banks are worried about crypto. They would do anything to stop it, but I haven't heard of any countries to completeley outlaw crypto.