Why do some government ban bitcoin?

[GreatSeahorse]

Some Government ban bitcoin simply because they can't manage it because its decentralize they won't be able to know how much one is earning in bitcoin not unless the individual will declare their revenue so that they cannot request tax to that person.

[BIandLion]

The operation has timed out

[sharan_vij]

Government ban bitcoin because it will effect the banking sector. It is coming into existence because many people are not familiar with the process. This might be one of the reason

[Rebelf]

In my own perspective, i believe they prohibit it because they not need to verlook fiat simply because in fiat they includes a profit and also like i thought of bitcoin, it can work in certain illegal things such as firearms anlawful medicines.onu d

[Memenya]

because it is out control of central bank and not depeond on $ or gold or oil

Thats true. Its out of control from central bank. Goverment side watch bitcoin as a dangerous investment so thats why they ban bitcoin.

[charlenedave]

Some government ban bitcoin because they are not able to control it. Government cannot be involved to the activities of the 2 users; they cannot ask tax. Somehow, bitcoin didn't benefits them in easy way.

[ghost07]

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.  

Its because bitcoin is not traceable, all transactions are hidden thats why goverment ban bitcoin in some countries. It can be use in illegal transactions.

[prieaji]

I do not know why the government refused to use bitcoin and prohibited its citizens from using it because the use of bitcoin had been used before in illegal activities discovered by the authorities and they feared that their citizens would have the idea of ​​using it for the same purpose. is not it better to use bitcoin for a country's economic growth?

[Dempsay]

I think governments have difficulty managing BTC

[rajuahmed330]

Bitcoin banned by different countries is the reason because Bitcoin uses any identities are i and it illegally uses most people. The use of bitcoin is mostly done by tax evasion of most governments.

[trungnhatnguyen06]

This money is preferred for anonymous payments and is not administered by any organization or country. So the risk of money laundering, "bleeding" of money, or the use of criminal offenses like WannaCry is unlikely to prevent.

[maihoangminh1808]

In my country, if we has another currency, Bitcoin, with the full function of a Vietnam Dong and strong foreign currencies, it will be very difficult for the State Bank of Vietnam to run its monetary policy.

[kriticko29]

It is because bitcoin is capable of replacing paper money with it. Bitcoin is currently used as a mode of payment for services online soon it will be used for foods and not only online

[bololord]

Bitcoin banned by different countries is the reason because Bitcoin uses any identities are i and it illegally uses most people. The use of bitcoin is mostly done by tax evasion of most governments.

I agree with you goverment trying to banned this bitcoin because of the free tax coming from bitcoin and one thing that i know goverment hate or banned the bitcoin is because they theory is bitcoin is only a scam or a big fraud in my country bitcoin is legal so i hope that this bitcoin is legal forever in our country

[cryptokath19]

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 government ban bitcoin because its says that it is an illegal so it we called a Scam, Some of them they do not know what is the useful of Bitcoin and they thinks that Bitcoin might affect on banking. Thats why some of them didn't trust the Bitcoin

[Samueltalk]

The government may not like crypto currency, which will become the currency of a country.

[ms.sexy]

because it is out control of central bank and not depeond on $ or gold or oil

Because if they allowed it, other banks may have been ignore or others if allowed bitcoin some people used this in bad things. But the main cause for me to what government ban bitcoin is to they get no interest from the people who earn bitcoin in other words they got no money .

True, they think that on Bitcoin they cannot earn money which Bitcoin has no Tax so that some of government not allowed Bitcoin in some countries and also banks can affected too if Bitcoins if they do to be Legal

[julzcoinbit]

Bitcoin banned by different countries is the reason because Bitcoin uses any identities are i and it illegally uses most people. The use of bitcoin is mostly done by tax evasion of most governments.

I agree with you goverment trying to banned this bitcoin because of the free tax coming from bitcoin and one thing that i know goverment hate or banned the bitcoin is because they theory is bitcoin is only a scam or a big fraud in my country bitcoin is legal so i hope that this bitcoin is legal forever in our country

Yes, getting free tax comin from bitcoin is one of the reason why some government getting banned. Some others reason is the central governments see bitcoin as a threat to their control over the economy, since nobody can control bitcoin as it is decentralized. They can't manipulate bitcoin into doing whatever they tell it to do.

[shahinurit]

I guess,Some government's impression about bitcoin is that it's heavily used in money laundering and crimes that's why they ban it. this is every government is own right.i feel that,today and tomorrow it will be legal . 

[xiaoweidada]

Because bitcoin can not be controlled, the government can not control bitcoin, worrying that bitcoin can undermine the economy. And bitcoin is anonymous, Bitcoin is exploited by criminals and the government can not track it.