Why do some government ban bitcoin?

[Zero1One0]

I think the reason behind the ban is misusing of bitcoins.There's some disadvantage of bitcoins.Most of people us it in porn sites, dealing with drug  and  money laundering.Also people trade with bitcoins which hard to trace for government

Fiat or government backed money is being used widely for this - porn sites, dealing with drug  and  money laundering.

The thing is, bitcoin and the rest of the cryptocurrency market is decentralized, and is now a very powerful tool to redistribute wealth to the masses. Money equates to crowdcontrol and the goverment feels that they will lose this control if wealth is distributed.

[heureca]

I think the reason behind the ban is misusing of bitcoins.There's some disadvantage of bitcoins.Most of people us it in porn sites, dealing with drug  and  money laundering.Also people trade with bitcoins which hard to trace for government

Governments ban bitcoins because it can't be regulated yet. BTC has big capitalization for any country in the world so governments can not miss it

[parassinghal]

No, by using bitcoin spyware cannot be done because bitcoins works on decentralized network. That means no one can control and see the bitcoin transactions. The reason behind the ban can be its illegal use and use in crimes as well as if it is not used in wrong things then also government will not be able to collect the taxes on the transactions.

[sarmrakib]

Every technology has some negative site
 At first we need to think what are the benefit of a technology. If the benefit is much and more than negative site people can easily take this technology vastly.  Usually bitcoim has no negative site as much if you don't use it roughly. Actually I think every government should have try to get the benefits of cryptocurrency.  And then they will got everything.  Actually bitcoin and digital currency are  the great innovation of the modern era. Why the digital world will not get in touch for banned it by government.  I think the government of any who are banning cryptocurrency should try to analyse it and can try. I think they will get a lots of positive things. I think if you think about bad site it just using in criminality.  I think that would not be much. So that we just need to accept of the usefulness except the bad site. I hope in near future no other government will banned bitcoin if they get it well.

[Argoo]

When the Chinese government imposed restrictions and some bans on the crypto currency in September, it motivated its actions by saying that it sees a threat to its economy in the crypto currency, because the money supply can pass uncontrollably from the country through the crypto currency.
    In countries with an authoritarian form of government, they are simply afraid to lose universal control over the flow of money and actions with the crypto currency of their citizens, since the movement of the crypto currency is relatively anonymous.

[LawrenceqNelsonkd]

I think bitcoin won't bring taxes to the government, so it doesn't seem to be good for the government, and of course the government will ban bitcoin.

[matcodet]

the government in our country considers bitcoin as a rival, they fear the presence of bitcoin will wipe out the bank. Because as we know bitcoin is not tied to the bank.
And bitcoin transactions do not require banks, so the bank is afraid of not being able to attract taxes as in the transaction of money in general.

[Cosbycoin]

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 will never be bad in fact it helps many people to make their lives easier like payment of monthly bills e.g. water, electricity, telephone, etc. without any hassle and no charges.

In some country, they don't allow Bitcoin because it is very risky and not yet regulated. Government must implement rules and regulations for the security of Bitcoin traders.

Lastly, Bitcoin was created for destruction but for helping out many people, aside for payments but also for investing money to Bitcoin and other Cryptocurrencies to earn additional income. So, don't be afraid to invest and look at the brighter side of it.

I agree with this more than you. Seriously this is a dilemma of our nations, all nations on this planet earth. We never had some extra ordinary leaders for our countries, every time some corrupt person is there to handle our matters.

Bitcoins are most impressing in this world now, but like always more of the countries banned these because they want to control it and bitcoins couldn’t allow this.

[dupee419]

Maybe the other government ban bitcoin in their country because they think that the bitcoin is illegal and it can be use in a crime like scamming, ponzi scheme and fake investment so they banned it but they didn't see the effect of bitcoin that there's a lot of people who are becoming successful in their life because of help of bitcoin

[kingcoiner001]

why? and when it ban by government

[donnie.darko]

The government is banning bitcoins for the safety of their country. They are avoiding illegal transactions and because of bitcoins there will be hidden transactions all over the internet that are being made.

[Harper6]

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 will never be bad in fact it helps many people to make their lives easier like payment of monthly bills e.g. water, electricity, telephone, etc. without any hassle and no charges.

In some country, they don't allow Bitcoin because it is very risky and not yet regulated. Government must implement rules and regulations for the security of Bitcoin traders.

Lastly, Bitcoin was created for destruction but for helping out many people, aside for payments but also for investing money to Bitcoin and other Cryptocurrencies to earn additional income. So, don't be afraid to invest and look at the brighter side of it.

Well tax is playing a very big role in their economy and every country want to use its people for its self because they want that their people work for them in order to they collect tax for them and they think that bitcoin is tax free so their people will move toward bitcoin but if it is so then why other countries make bitcoin legal in their countries so bitcoin is such a currency which is very good for economy of any country so allow bitcoin in your country.

[oyeriah]

I think the reason why there are countries that ban bitcoin because, the country wants to take advantage in bitcoin (tax)
but because bitcoin stands on its own, it does not depend on any bank so the government forbids it
but it will not inhibit bitcoin to continue growing later, and in the future

[roshanface123]

What ever it may be if prefer something to criminal or illigal activities and it couse the destruction of the welfare of the country make force on government to barn those things from their country. This is happening in the case of bitcoin also.

[Md Faysal]

Bitcoin is not yet legal to all the country. Some government ban bitcoins.bitcoin is not bad at all.they think there are some instancs where bitcoin is being used for some illegal transactions. Bitcoin is that it's heavily used laundering and crimes this why they ban it.not really bitcoin being uncontrollable by banks and the government. They think it being used in illegal activities.

[DogeMe]

Well , I'm so new here but why would any goverment want to ban bitcoin ? If you ask me , I think they are all gathering coins.

[Pakboy]

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 reason why some of the governments are banning bitcoin is because they are protecting their financial institutions. I know that they are aware that most of the cryptocurrencies are threat in many financial institutions.

[yohan09]

For me, Government ban bitcoin because this is the root of evil, Bitcoin is a medium to create illegal activities since it is decentralized. People who do crimes by bitcoining is very hard to find because people are remain anonymous in this type of transaction.

[fattyforhire]

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 this terrible moment of the prohibition of the bitcoins by the states has already passed. Now they understand that this is a way to earn money and become a leader among other countries thanks to the technologies of crypto currency.

[Dmitry.Vastov]

Every government try to strong its  own currency at the international market but bitcoin can be a threat for them due this reason many country ban bitcoin. Like this many other reason are also present like bitcoin is a Decentralized currency that doesn't come under any government term and conditions and doesn't pay any tax to the government due to this its affects an country economic. Although bitcoin has good side but it can be also use for many criminal activities like kidnapping, murdering, child pronography and it is also used for anti money laundering. Due to above those reason bitcoin is ban in some countries like china Bangladesh, Ecuador etc.