Why bitcoin is not supported in some countries?

[fotosonics]

I am sure one day the countries which have banned or just taking steps towards Bitcoin Ban will cry as they though that Bitcoin will down their country economy, i am 100% sure the countries which have legalized the crypto trading the economy will boost and people will become more happy than rest of Bitcoin.

[alice161128]

What I know is only few countries publicly support bitcoin legally.Maybe the govement are considering aoubt criminal act with bitcoin in case that won't lead to chaos. I believe when the law and regulation is establish, the country will even get in.

[naily]

Generally perhaps because bitcoin can be widely used for illegal transactions easily.  In the thai movie Bitcoin Heist,  bitcoin is termed as illegal because illegal transactions are made though it.  Its not common for governemnt to be wary of it because of this.

I hope that in the future when they will know about it then they will definitely show a good interest in bitcoin. Because I think the only reason is that people there do not know about bitcoin. therefore they do not give preferende to bitcoin

[cintya31]

so far there are many countries that oppose bitcoin, because they do not know about the way it works, maybe if all the countries already understand I think bitcoin will not be in about in any country.

[Danish Mohiuddin]

All countries which dwindling economy is scare by Bitcoin as Bitcoin in its core technology is very empowering to the citizens. It gives authority back to the people so this make govt nervous about they won't be able to have an effective control on the people anymore.

[Caesar Cung]

All countries which dwindling economy is scare by Bitcoin as Bitcoin in its core technology is very empowering to the citizens. It gives authority back to the people so this make govt nervous about they won't be able to have an effective control on the people anymore.

I've seen plenty of TA that called a ton of these price drops and also called the support to a tee. Technical Analysis is most certainly a tool we can use to predict where price is heading. Of course no one can pinpoint this stuff with certainty, but TA with FA is the best bet rather than being a part of the stupid "HODL Gang" mentality. Keep HODLing all the way back to $6000 when we hit $19,000. That mentality cost a lot of us a lot of gains.

[Thiekungan]

Actually my country's government is interested in adopting blockchain technology on the banking system, but not with bitcoin. I think that's because the government views bitcoin as a fad investment and a fluctuating or volatile bitcoin value does not qualify as a currency.

[iyus gmb]

the government is worried that bitcoin will replace the country's original currency that has been considered valid as a means of payment transactions that they often use every day. while bitcoin is the virtual currency, bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority.

[Jdragon6x6]

the government is worried that bitcoin will replace the country's original currency that has been considered valid as a means of payment transactions that they often use every day. while bitcoin is the virtual currency, bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority.

An addition, some countries believe bitcoin is a big threat to their economy, and can be used is a crime like drug trafficking, prostitution, terrorism, money laundering, tax evasion and other illegal and subversive activity all benefit from the ability to move money in untraceable ways.

[PHP.guru]

Bitcoin not support in some countries mainly due to the decentralization and the confidential ID for bitcoin miner or user. Government afraid it is a scam and also afraid bitcoin will be use by terrorist to do bad things. At the same time also scare the grow of bitcoin will affect the financial market because bitcoin is uncontrollable, thus bitcoin is not support in some country. 

[luis dvmd94]

some countries have regulations and policies respectively. while bitcoin is still seen to make the economic situation of a country into chaos. This is the reason a country still banning bitcoin today.

[olyolali]

because bitcoin allows it can be used to fund terrorism acts and delivery systems outside the country in free bitcoins

[jonikris]

because different countries different their rules prohibit the existence of bitcoin because they are afraid of the existence of bitcoin and remove their country's currency can also be called money laundering

[Wolf of Btrex]

Bitcoin still has a bad reputation in some countries and there are other countries that deprive their people of freedom and want to control everything. Bitcoin is therefore a danger for them, which is a pity... But we can hope that mentalities continue to evolve in the right direction...

[torres99]

I think bitcoin is not supported in
some countries because they do
not realize the many benefits of it.
And I think they are afraid that their
government will be affected if many
people will use this because it doesn't
have a tax.

[xabi alonso 88]

all country want reputation her country money. her own policies that use or disuse. but i guess  as soon as accept btc her own currency because btc give good profit.

[miyong]

The misconception about bitcoin and cryptocurrencies generally speaking is one of the reason. The fear of an unknow system

Yes,  that is the reason why some countries doesnt accept btc. They dont trust it because they dont know what crypto means and hoe does it work and help the users.  They dont know exactly what are the benefits of bitcoin to us.

[ronaldo 1994]

In some countries it is not supported because they do not know about the importance of bitcoin. For example in my country Pakistan bitcoin is used very well and the government is neutral to it and a number of companies like blockchain tech are very active in its promotion and adoption all over the country but government is not helping in that matter the reason is that the rulers are not well educated in technology.

[putriliesma]

Some third world countries don't have an active effect of bitcoin in the transaction within their region, yet they claim they cant afford their populace to adopt it. The fear for the coin worries me a times. Why the fear to make life easier with technology.

[Moneypham5]

Unlike other conventional currencies controlled by the government, major banks or investment funds, Bitcoin is regulated by private investors. You can access Bitcoin from anywhere connected to the internet, through the exchange, purchase or sale of products or services, although most people use Bitcoin as an investment. Why do people want to own Bitcoin? Why should there be an alternative currency? The real purpose of Bitcoin is to engage in nefarious activities such as money laundering and tax evasion. "