Why do some government ban bitcoin?

[alisafox2017]

So, Who knows about crypto-currency and Bitcoin in common? In fact crypto-currency is deception and destruction of the banking system. The government always wants people were slaves. People found the way of earning money, making them from "air", that's why government bans it, because they afraid of becoming people independent financially from government.

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[Zachary1973]

they want to create a digital currency called Estacoin.Also government offered to exchange for euro without any hassle. European Commission doesnt let them to make a new crypto if you are smart to  understand the reason behind it.it s so harmful for country economy.Specially powerful countries like USA dont like thing which they can't control

[Dharn]

in my opinion, bitcoin as well as other crytocurrencies give individuals a lot of control over their funds, something which the Government wouldn't want. You can move a lot of money across the border without anybody knowing it. a lot of bad things can be done. lie drugs and arms financing.

[Hienhienhb]

Anyone investing tens of millions of dollars will be able to easily manipulate the price, sending it skyrocketing, he explained. Any losses are passed onto ordinary investors with less information and a disadvantaged position. Data risk and information security risks are intertwined

[mr.bitcoin2k17]

Because bitcoin is anonymous and you dont need a bank for opertions in it. Also they want to ban it, becasuse governments dont know how to tax bitcoin

[semes]

fear of the losing control.. thanks to money like usd etc. governments control people but bitcoin is a financial freedom

[Kenny_1234]

Bitcoin has been a major disruptor  and its socialist monetary policies.  it is believed that the government has perceived the growing interest of the digital currency as a threat especially as investors have been seen to buy up Bitcoin

[Crypto Jaga]

they still dont know how to regulate it, and fear that their authority through unlimited printing of fiat currency will vanish if they accept bitcoin

[edengolo]

I See topics about banning and I want to ask.

Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.  

In my opinion it because governments afraid to lose power of there currency.
Government don't want there population start using other currencies that aren't theres.

[Asusnumbaone]

I See topics about banning and I want to ask.

Is botcoin really that bad? To banned by other countries?
Do the other government in other countries see something bad?
Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.  

It is because bitcoin has the potential to be the digital currency globally and the government is afraid for the fact that the event like that may occurs in the future and it has the power to control the money system around the world. They are also afraid because bitcoins price is unstable, only the statistician and some statistician were hard to tell how or when will the bitcoin price will rise up. The government also thinks that bitcoin is a world wide scam. Yes this event is possible because we do not know who runs the bitcoin. We only know that the bitcoin is created by a man with a code name Satoshi Nakamoto.

[gvnsrbtc]

Because global forces controls governments, governments control people. Bitcoin cannot be controlled by anyone and it destroys this rotten pyramid. So, governments say "if I don't control this, I must ban bitcoin to scare and make them get away from it"

[rappydoo]

they hate an entity that they cannot control, they see crypto as something new that could affect the taxes that they get from people.

[saedasda]

Because government cannot regulate thats why they ban some countries but today some government looking for alternative way to control cryptocurrency.

[soy]

Bitcoin ban some government because every government has won rule to control their economic condition. But they have no control of bitcoin and it use. Bitcoin user dose not pay tax for this. Some country ban bitcoin to save their economic strategy.

[wojiaohahaha]

Bitcoin is anonymous and the government cannot control it.
Bitcoin transactions don't have to pay taxes, the government doesn't get a profit.
Bitcoin is used by criminals to facilitate crime.

[Tanmoy98]

Many country government ban bitcoin because this coin is not control by their central bank.They think that this is a illegal transections.They still don't know how to regulate it.

[TepungBeras]

While there are still many governments that prohibit bitcoin, in my country the government also forbids bitcoin on the grounds that bitcoin is not a legitimate currency and is also feared for money launderers and as a means of terrorist financing. maybe each country has its own reasons.

[Maryverycool]

Because some countries do not recognize bitcoin.
Think bitcoin is a scam.
The anonymity of bitcoin makes the country unable to control bitcoin.

[Potchi]

Some countries prohibit its citizens to use it because bitcoin has been use before in illegal activities that was uncovered by the authorities and they are afraid that its citizens will have an idea of using it for the same purpose. Because of its anonymity, some people who do something unlawful prefer to use it instead of payment option that is traceable and that's why some media also emphasize more the negativity of using bitcoin and other crypto that's why others prefer not to be involved with it.

Yes, i agree about it. Some government were threatened about what bitcoin can do that is why they tend to ban it. Bitcoin as convenient as it is, has also been used in illegal doings and jobs which might affect a country and the citizen of that country. As it opens a door for more opportunities, it also somwhat opens a door for those who will take advantage of it and use it in gambling amd such. Also negative news about bitcoin became a huge problem for it might affect the security systems of banks which were also lead by the government.

[justyourkuya]

Bitcoin is new to every government or nation. It has already existed and is recognized by some of them. Yes, not all of the nations are in favor of using it fully. They are threatened by the way it will be used like in illegal activities. Another thing is that, they are out of full control of the bitcoin. They find it hard to fully regulate it.