Why do some government ban bitcoin?

[bitfocus]

Because Bitcoin is the real Bank Killer and Governments don't wanna lose their control over the economy.

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[Sowik]

Easier just to ban it than regulate it and earn from it. They can't tax it = they ban it , it is how it is

[sanjay6121]

some of government ban bitcoin because they think bitcoin may be used in illegal activities and their are no control of government on bitcoin because bitcoin is a online currency the currency of government may also be affected from bitcoin.

[popoypalaboy03]

I think we should stop using the word “ban” as in reference to Bitcoin by the government. I do not think it is in the cards. But Bitcoin alternatives and Bitcoin regulations are. As well as some catastrophic events like wars that can disrupt blockchain for the social good and instead lead to the blockchain for control and domination. This is how I see it.

[Eclipse26]

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 different countries have many different reasons why they ban bitcoin in their place. One of the reasons i think is that, bitcoin can be used to some illegal things in the internet. Bitcoin is a currency you can use in the internet to buy illegal drugs, guns, hiring a hitman and many more illegal activities. Because of that, the crime rate of a specific country that adapts the idea of bitcoin, increases its crime rate which is very dangerous to the people in that country.

[Godric-Gryffindor]

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?

Countries with the biggest monetary influence in the world market and forex exchange are not accidentally the countries with the most stable financial and banking system.
These countries see bitcoin and other cryptocurrencies as one of the main threat to their financial and banking system.

Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.

It is impossible for them to locate us since Bitcoin wallet contains no real identity and other personal details of the owner.

[Zahed.H]

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?

Countries with the biggest monetary influence in the world market and forex exchange are not accidentally the countries with the most stable financial and banking system.
These countries see bitcoin and other cryptocurrencies as one of the main threat to their financial and banking system.

Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.

It is impossible for them to locate us since Bitcoin wallet contains no real identity and other personal details of the owner.

perfect for hackers to do their bit, steal some money and get away with it. but yes bitcoin is a threat to all centralised monetary systems that's why they hate the whole concept.

[BlackBeauty]

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?

Countries with the biggest monetary influence in the world market and forex exchange are not accidentally the countries with the most stable financial and banking system.
These countries see bitcoin and other cryptocurrencies as one of the main threat to their financial and banking system.

Can bitcoin be used to locate us?and see what we are doing? In short a Spyware.

It is impossible for them to locate us since Bitcoin wallet contains no real identity and other personal details of the owner.

perfect for hackers to do their bit, steal some money and get away with it. but yes bitcoin is a threat to all centralised monetary systems that's why they hate the whole concept.

I think government doesn't know about bitcoin's benefits because if they know bitcoin can help for those people who cannot manage their budget in salary income so government will never bitcoin, but I know government will accept bitcoin vety soon and maybe they will more improve bitcoin price.

[teodorus]

Bitcoin is is a big power now, it can be seen in most of the advertisements online. Some government bans BTC because they do not know what BTC is. They are treating bitcoin as a threat but in reality it is not.

[mulukey]

Most governments do not like the user anonymity feature of all existing coin in the cryptocurrency market. That leaves the government unable to control the assets of investors in this market so they do not apply the tax to these investors. Another factor is that because of its anonymity, this is an opportunity for money laundering for organizations and individuals that operate illegally and that makes governments very worried about cryptocurrency.

[BTCbengi]

They forbid Bitcoin because its participant barely paid taxes. It's really anonymous participants so anyone can join it. Because of this, some of the evils associated with it include bribery, money laundering, illegal money transfers. In addition, we can trade globally without any contract or compromise between countries. Because of that, some countries have banned it from trading

[francesyrus]

Some countries are banning bitcoin maybe because government have no control to bitcoin users and they can't imposes taxes. Bitcoin can also be use for some illegal activities such as drug trades and human trafficking.

[Wong Goblog]

The main reason the government banned bitcoin because bitcoin using a decentralized system that can not be controlled by anyone, would be high risk if using bitcoin because it will make the price of goods too volatile.

[clubchain]

Because bitcoin is fragmented, the government has a hard time controlling it, and many governments are afraid to introduce an imbalance in their country's economic system after being introduced, they are simply banned.

[jimskiy]

Some country no good service for bitcoin transaction, exactly in Indonesian my country bitcoin is banned and not allow for transaction. Some day the government in Indonesian have annoucement that bitcoin is ilegal transaction, nothing can do by using bitcoin to buy or sell something with bitcoin as the payment, but we have good easy can use bitcoin for investment and we can invest our money in bitcoin but not to use it for transaction or anything.

[hyperhyper]

They scared. Its very hard to find out which is the owner of a wallet. So its theoretically possible to deal with illegal stuff. Also its possible to tax evasion. So the gouverments do not want to give the people the chance to do some stuff. Because every gouverment is greedy when it goes for the taxes. But they just think about the negativ effects of cryptocurrencies. They are more postiv effects on the economics, but they ignore them.

[DoublerHunter]

The main reason the government banned bitcoin because bitcoin using a decentralized system that can not be controlled by anyone, would be high risk if using bitcoin because it will make the price of goods too volatile.

The volatility is one of the reason why they banned it but it is not necessary to use bitcoin in pricing the good because it is understandable that the volatility is not good for the country's market but i think they banned bitcoin because of the decentralization which makes no sense for them to accept because they can't control it base on their own wants and desires.

[Ziomuro27]

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 the cause of banning of bitcoin in other country is they use it for illegal crimes which may affects their country badly, I think also that government banned it, because they are against with it cause it will affect the economics of the country the unbalance circulation of money. And the people who is employed is decreasing which they are needed to have a better country that what I thought.

[kaizie]

Bitcoin is not bad, but bitcoin is used for bad activities. There are many reasons why other countries banned bitcoin because no government controls bitcoin. Bitcoin is decentralized, percieved threat to current monetary system, link in ilegal activities like money laundering and drug dealing. So the other country decided to banned bitcoin.

[xiaozhang11]

Not all countries agree on bitcoin.
Some countries do not recognize bitcoin's legitimacy.
Bitcoin is banned as a scam.