Why do some government ban bitcoin?

[amzad]

The country in which this work was considered illegal may think that the government can lose their power by the bank. Because nobody owns Bitcoin. No one can control it.
The government may not like the cryptro coin.
So their main currency in the market is made.
That's why this work seems illegal.

[learner 7]

Governments are clans that want to be in power. And they do not want to share their power with anyone. Do you think that blockhain can replace these non-effective governments in the future?

[Dod Ong]

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 that bitcoin in banned by other countries, because they think that the bitcoin is unfair to other people that work hard for money, For me the bitcoin is not bad but the government says bad because they want to be equal to other people. Other people work hard but bitcoin is very easy to earn money so they think that the bitcoin is unfair.

[thepolarbear]

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 and based on the article I have read, some governments ban it due to bitcoin's lack of central payment system that will result to financially harmed or uncertain financial aspect.  Also, some of them think that bitcoin is illegal for a reason that it doesn't have enough existing laws. In addition, I think they ban it because of unsure result it will give especially to their economic's status and the banks situation.

[Core.BUSTER]

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.  

Bitcoin is not 'bad'. Would you say that money is bad? So why not ban all the money in the world? No? It is the person using it that is bad. If someone abuses the anonymity of bitcoin, that what would be the government would see as 'bad'. Online transactions with illegal drugs and weapons would be the greatest fear of the government in relation to bitcoin. So some of them banned it. Well it is not our fault that their country has those kind of citizens.

[adadaorlina]

I think to avoid it to use bitcoin  in crimes or any illegal purposes its too hard to trace in any transaction they can make online.

[iMark]

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.  

Maybe because of their economic growth they are worrying to loss some investors because they are moving to bitcoin and because of money laundering

if bitcoin is legalized and more famous and widely used the government will not be able to control the finances of the their people, imagine there is no entrance tax because all public finances become invisible because it is anonymous, of course the government will bankrut for not having enough income, therefore the government is very afraid of a decentralized and anonymous financial system like bitcoin,,

[coynedterm]

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 don't think that people will be able to use bitcoin in the future for bad purpose Because the main reason behind this is that world is going toward the the digitisation and everything is going toward the end to end clear transaction without going cash , so here we understand well that how the people will use bitcoin properly without going through cash transaction .
SO the countries which are digital much they are allowed the bitcoin use but those which are not going with online payment system much are thinking that it is not better for the economic system because people will use Money for that online data which will not pay tax for the country and same like another things are part of the bitcoin hate system .
But I didn't think  that in the future there will be anything like bitcoin ban , Because everything will be online and there will be no chance of scam or bad purpose use of bitcoin in anyway .

[mashort]

because many governments do not understand it so they think by banning it, they will be able to stop it.

[RodeoX]

what is this "some government" you speak of?

[Nevis]

Because bitcoin is decentralized and a very secured system of cryptocurrency, it creates a loophole in the government system. There are many reasons why gov. ban bitcoin. The top 1/ the main reason is TAX. Having people work everyday and getting paid, if bitcoin influence all of this people to work for cryptos, it is hard to charge tax unto them. Other reason is illegal trades. Illegal trades involving bitcoin is really a real thing that happens everytime (even right now). With bitcoin as the payment, government will have a really hard time trying how to locate these trades and tracing the culprits involved. There are more reasons and most of them is because most countries are developing countries which means that they are yet to be stable to be introduced to a new currency system.

[smauni]

The government of some countries prohibits the use of Bitcoin because it is outside the control of the central bank. Bitcoin is independent, the government of any country can not control it. So some countries do not like it. Again many governments think that their country will be transmitting money through Bitcoin, Bitcoin risk for them. Because of these reasons Bitcoin is banned in many countries.

[RyanEncek]

because it is out control of central bank and not depeon on $ or gold or oil, but I am sure sooner or later bitcoin will be legalized in my area because of the demand that I know sudak quite a lot, live orders just that menapsirnya like tether bitcoin  

[Abdul Wasay]

Bitcoin are banned in some countries b/c they fear about their economy and wanting their country economically renowned with the help of their economy.

[MoonJeina]

Bitcoins comes with both pros and cons and unfortunately the pros and cons of bitcoins are for the same reason . Governments are not ready to accept bitcoins for the mere reasons that bitcoins are decentralized , highly volatile and have indulged in many cyber crimes lately . That is why still many governments are scared to legalized bitcoins as it can also turn out to be a threat for their currency .

[aimata27]

I think the only main reason why some governments ban bitcoins on their respective country is that they're only protecting their own national currency and they're only concerned about some money-laundering stuffs. And yes, bitcoin transactions are fully traceable via your own payment methods.

[DBronze98]

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.  

For the government maybe bitcoin is not good and not beneficial. Maybe they think that bitcoin is the virtual currency that will ruin the economy.

[jyotianand01]

Some governments ban bitcoin because they are afraid of its popularity and they think bitcoin can destroy their banking sector & it can increase money laundering cases as well. On the other hand, they also know that it is easy to use by criminals too. Considering this, they are hesitating to legalize in their countries.

[rommil]

My only humble opinion about this topic is that the usage of cryptocurrency is disclosing all transactions, which is not the most desirble thing for corruption goverments.

[Senja Kemuning]

The government banned bitcoin because according to economic studies will be dangerous if the decentralization system implemented in the country. of course the government should be able to control all the financial system so that if it is necessary then it can do intervention. bitcoin can not be controlled by the government because it is decentralized and used globally.