why bitcoin is banned by the government

[rejekinomplok99]

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz

Bitcoin may be a threat for a country, government has no full control over it and the only way they could do is to regulate it. Bitcoin might be use for illegal transaction, through this people may do anything they want anonymously with intervention of anyone even the Government. Bitcoin has decentralized feature and government has nothing to do with it.

it' right. the government has no full control over bitcoin and bitcoin might be use for illegal transaction. every government has own currency, they want their currency exist too.

[1715352267]

1715352267

[miltonpogi]

There are many reasons why government banned bitcoin, and for me the dominant reason about this is that banks fear bitcoin, we all knoe that banks has huge amount on tax for our government thats why they are making way to avoid negative scenario another one is that bitcoin is an electronic money so this one will not usable for all and I am sure that government does not like that.

[Atits]

Governments all over the world are attempting to ban bitcoin in one form or another, but they're finding it almost impossible to slow enthusiasm.
The real reason why our Governments are not making Bitcoin a legal mode of Payments and settlements! - Understanding the pain of governments ! and how can they overcome it!

[anakkampung17]

The main reason why Bitcoin is banned by the Government may be a threat to the economic turnaround of a country. And for example will be very influential on financial system and finance in a country will weaken. As a result there will be a negative problem that will divide the economy of a country.

[Ulan01]

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz

They may want to ban it, but it is nearly impossible to carry on effective measures to implement that decision. In essence, they just don´t like people with too much economic freedom.

it could be one of the restrictions applied. and perhaps because bitcoin is bad for users and countries, which can throw our money away in an instant. and it is also possible that the government considers free use of bitcoin to pose a threat to the country's economy.

[talldude]

 Bitcoin cannot be banned easily in the ultimate sense as it resembles the character of a ballon, pushing it down on one side and it grows on the other side. I think that the government just wants to study the income and outcome of what Bitcoin will be before making a decision but it has already been used worldwide for swift transactions without 3rd party.

[Epimetheus]

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz

Bitcoin ban in many country due to its decentralised nature  . Because of this no government can control it production and distribution. Many other factors like criminal activity. Bitcoin support many criminal activity like kidnapping, murdering, childprongraphy, Anti money laundering etc. And it is also use for different online scams. And those criminal activity are done with the help of Bitcoins untraceable money transaction facility. Bitcoin users doesn't pay tax to their government and this thing affect their country financial and economy growth. So these are the some reason behind government ban bitcoin   

[Muwatti]

Bitcoin is not the only one banned in other country but the cryptocurrency itself...  Some government banned it because it is decentralized... It needs a legalization before it some country banned it... Some people also used it in illegal purpose though
for us it is useful but if it contributes to the world problems we cant change their decision... And also there a lots of related scam happening here....  As a crypto user we've get affected by this because...  Like what happened in China where the government banned the use of cryptocurrency and any related website used by some ICO...