Why do some government ban bitcoin?

[FaithNlove_24]

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.  

The answer: power and fear. The government may deem it as "bad" because they don't have any control over it. They don't have power over cryptocurrency which also causes them to fear the unknown.

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[buternasek]

there may be various factors that cause the government to ban bitcoin and among them bitcoin system decentralization that can't be controlled by them so that it certainly raises suspicions of money laundering as well as the tax regulation on bitcoin so far not many of the countries that already have tax rules on bitcoins.

[gloriam5]

forbid will be until they see the benefit for themselves, probably it is necessary that the time passed

[SkustaClee]

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.  

I think some of governments are focusing to the disadvantages of the bitcoin rather than to its advantages and it is the reason why they are not accepting and legalizing bitcoin as a medium of exchange.

[jude0911]

Because it becomes very much difficult for governments to audit transactions, and perform their obligations. they think that this site is spreading a criminality, but they don't know what's happening here.

[Rashid555]

Governments are trying to ban bitcoin but it is not that much easy and in some of the countries bitcoin is very popular and the people who trade these currencies they are good enough and they are now full time busy in the crypto dealing so for me it is too important that bitcoin buy and use in the future. The government like china are trying to ban it permanently but other countries are allowing bitcoin to use for e business.

[Cloak1]

I assume that bitcoin tends to harm the governments instead of benefit them. The reason that makes the government to take hostile approach to crypto-currency is because the governments can't control it. In other words, the governments cannot be able to perform their legal obligation to the society regarding with the bitcoin transaction.

[Visbay]

I assume that bitcoin tends to harm the governments instead of benefit them. The reason that makes the government to take hostile approach to crypto-currency is because the governments can't control it. In other words, the governments cannot be able to perform their legal obligation to the society regarding with the bitcoin transaction.

Actually they are afraid about the popularity of bitcoin that is gradually increasing and people are trusting bitcoin more than anything else, people in our society are very well qualified and they are financially educated about the new systems now so it made our government worried about the currency that our government has chosen for us, if we will apply bitcoin everywhere in the world no one will be interested in dollars to transact money throughout the world, so they are worries about the dark future of their dollars against the bright future of bitcoin nothing else.

[deevan]

Bitcoin is not bad, illegal use of Bitcoin can lead to worst. That is why Governments are banning Bitcoin because they can't control it, can't monitor the source of income if someone is doing a transaction in Bitcoins, people may use it for illegal activities like funding for unlawful activities, to avoid getting taxed on their income. Due to decentralization of Bitcoin, many Government thinks that it can be a threat to their centralized financial system & banks may not make enough profit due to Bitcoin decentralization as many people are now moving towards Bitcoin payment system. Another side that Government can't see that many people are getting rich quickly due to the unstable price of Bitcoin.

[Sunnyyy]

I think some governments forbid bitcoin now for some national security reasons. They forbid bitcoin because they do not control all those who invest in bitcoin. Terrorists and criminals can use it to carry out illegal activities such as money laundering and drug trafficking.

[Altf4]

Some government ban the bitcoin for the reason that they can not generate or impose taxes on bitcoin because of its decentralize property of it , the government have no hold of it  and thought that it might bring damage to the economy of that country.

[fortuneteller]

Maybe for the reason that digital currency such as bitcoin might be use in illegal transactions like purchasing something in the black market, another is that no bank has control over it, thus making it usable for everybody regardless of whether it'll be use for something good or something bad. On the contrary bitcoin have helped people living at ease of paying for something.

[cvcptit]

i think have any idea about Bitcoin future. ok, i agree it's a cryptocurrency. what if gov't want they can open in his/her country. om lets come to the point

[jonathanblaze7]

i believe governments are just worried about not being able to track and tax it easily.

[ubay]

Bitcoin is not bad, it's the solution for all of us who want to transact without having to know the moment with each other. The government is unlikely to legitimately legalize bitcoin because they must be afraid their state money is threatened.

[newb-dev]

Governments are banning bitcoin because they don't like the fact that bitcoin doesn't pay any taxes to them. I am pretty sure this is the reason

[sahabond]

the government do not fully understand all the progress that is behind the technology of the blockchain. on the one hand can be seen in their intention concern for the deceived people and to prevent a repeat of this bitter experience. but all adults are well aware that the world is ruled by money and power. Banks will not allow them to be squeezed out of the human ecosystem. hence the need for prohibition and strict regulation. look at the bitcoin chart. do you think this is a common people pick up and drop the price? when 20K$ had to get out of deals, people have been psychologically broken and came to a deal. now these people are doomed to sadness and hope for the future growth of bitcoin.

[danzo11]

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.  

Yes I am very disappointed to see the attitude of the state that prohibits bitcoin, as bitcoin bad for the country. I feel it in my country. What I do is advertise it on my social media and tell it to a close friend of mine, so they know what I do about bitcoin.

[Matildada]

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.  

Yes, there are still many countries that ban bitcoin. They still think bitcoin is a scam. I think leaders in these countries are worried that bitcoin will affect the traditional economy of their country. They need to know something new and not be stubborn.

[Tiernadi]

I think some government ban bitcoin because they dont really understand what it is. They dont really understand its nature and how it works. Also BTC could be used for illegal activities, it is out of control of central bank and financial system of that country etc...