Why do some government ban bitcoin?

[coat47]

Because they can not collect all taxes, how control and verify the wallet, what you do with your wallet.
Because they are afraid that bitcoin compete with their currency.  They control the money because ultimately it’s the government which create money.
Because the government is afraid of inflation There was a reason why the primary objective of the Fed and the European Central Bank is to control inflation with their key rates. How to control the bitcoin ?  maybe if they buy 70% of the bitcoin   

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[amla]

Actually Bitcoin is decentralized currency and the government has no control over it so they try to stop their people from investing in bitcoins but it is not a good idea from government side,time will prove it that bitcoin will become an international source for online transaction or doing digital trading.also lacking of education is another factor through which government are banning the use of BTC in their country.

[heureca]

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.  

BTC capitalization is very big and it can influence on economics of country. Therefore, govenments try to regulate criptocurrency market 

[neowebwallet]

(1) Attack, using anti–money laundering laws, etc., the entities that allow Bitcoin to interface with the "real" (non-Bitcoin) world.
(2) Try to destabilize the value of Bitcoin. So perhaps buying a bunch of Bitcoin over time, and then selling them all at once, causing market crashes.
(3) Finally, attack the *image* of Bitcoin. Publicize the hell out of its uses for hard drugs, child pornography, assassination markets, etc.

[minldem]

they always want to control all the things going on inside the state borders. cryptocurriencies don't depend on something onservable by the state. they have no borders, they are quite independant compared to the current curriencies. so, if they cannot earn and control from an invesment or tradeable tool, they try to have a word on it at least. some of them see the future and changing tendency and act like this, try to adapt. on the other hand, some of them cannot deal with it and ban bitcoin.

[PizzaBTC]

Some governments, such as The far east, have so far only attempted to stop the crypto forex in their countries, but absolutely nothing has became of them however. To date, no country on the planet has banned the circulation of crypto currency in their nation. Some states see that the money flows through the crypto currency are gone and countries are trying to prevent it. Nevertheless, nobody has however succeeded in stopping the crypto currency.

Probably that is the main reason for the ban imposed by governments because they can’t control it. Bitcoins basically gives the concept of a decentralized economic system i.e. no banking system is involved, no taxes for transactions and only the users are solely responsible for the actions they do with bitcoins. Plus governments want to take control over it that is like an impossible thing.

[rinny]

Many reasons. BTC could be used for illegal activities, it is out of control of central bank and financial system of that country etc...  But those countries don't hate cryptocurrencies.

[zarintasnim]

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.

[sangtuosimino]

Only small countries are likely to ban bitcoin, but most of us don't live in these backward countries. Because these small countries are centralized, there's no need to worry about that. Bitcoin is bound to develop slowly, and it's not just a few countries that do it

[darefreads]

I think why do some government ban bitcoin because they are not makers of bitcoin that's why they can't control bitcoin that means they don't even receive any taxes to it and the popularity of bitcoin
currency is going crazy that may take advantage to their own curenncy and can change their currency to bitcoin currency that happen to ban bitcoin.

[Mumbeeptind1963]

one reason that i think why some government ban bitcoin is because they affect the economy and the big company that the investment where invest are also affected and because of that they will not earn from other company.

Many reason why some government ban bitcoin first reason is they know it can use it in crimes in internet, because of anonymity of bitcoin it can use to hide there illegal activities, second government cant control bitcoin.

[Wexnident]

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 it is because of their "standards". Bitcoin is a decentralized digital currency which allows its users to use Bitcoin freely without the involvement of any government. Bitcoin if i'm not mitaken cannot be taxed that is also related with its decentralization. Some governments also finds Butcoin as risky so they are not suggesting their countrymen to use it. The reason varies on the government within a country.

[Soritude]

Governments of different countries which dont want to exacerbate their economy they just ban bitcoins and other cryptocurrencies. Too many dirty money transfers are made through bitcoins and all countries know this and they are trying to do something about it. While bitcoins will not legalize in all countries, till that time bitcoins will be banned almost everywhere.

[Latviand]

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.  

Why government does not allowed bitcoin ?simply it is because the bitcoin ia decentralize and no one can control it. Some government does not allowed it because they cant manipulate the bitcoin.plus the bitcoin can make the currency destroy if the bitcoin will ignore in their country im sure the bitcoi will fast spread

[iamzill]

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 maybe the country is experiencing a huge inflation of their local currency or as a place to launder money and fundraising for the activation of the crime that I think why until the country prohibits the existence of bitcoin

[schaituch007]

because its not a stable currency, not in anyones control, can be used for crime exchanges
can be used to convert blackmoney

[reda]

Mostly simply because bitcoin was utilized on unlawful activities like cash laundering , because it was anonymous it is very hard to track the culprit ensuing to make a bitcoin ban , if bitcoin will undoubtedly be used for lawful actions that can help for that economic climate of the nation I don't think that the federal government will discovered grounds to prohibited it.

Bitcoin work to pravit. it will not mingle with any one. So it not control any one for the future and gather more information from bitcoin. Government it don't know the process information. Bitcoin is helpful to counit the other country people and it easy to tranfore the money. Bitcoin is future currency digital currency so it will not affect the other currency.

[BelieveInBTC]

Some governments are afraid of Bitcoin mostly because it brings us revolution to current financial system. If Bitcoin becomes more popular, banks won't be needed anymore.

[bristlefront]

They see the bitcoin as a threat to their fiat money. Without the fiat money, the tax collection will be reduced since using bitcoin doesn't apply tax unless converted to fiat and buy something that only offers fiat as payment.

[pri3oner]

cos They can't control it. I suppost it's the most popular answer I bet lol