Why do some government ban bitcoin?

[baydewant96]

I think some governments or states are banning bitcoin because they have some important reasons to protect their country or people. As we know bitcoin is a virtual currency that uses online and no physical form, so in transacting information about a person's personal data that can not be traced, it is used by criminals to act evil, such as making a dark transaction or fraud in cyberspace. In addition, the bitcoins that are shaped in cyberspace are often used by corruptors to launder money, in that way they are more difficult to detect by law enforcement officers so they can easily do so. There may be many reasons a government is blocking bitcoins that I have not thought of

[Odice]

bitcoin gives an approach to keep cash and exchanges from the nosy eye of the controllers. There is a hazard that it could be utilized to support wrongdoing or illegal psychological militant movement — another reason is that it can be a course to evade capital controls.

[thompson30]

Maybe because there are tpo many people who are using bitxoin for illegal porpuses and maybe because it had been so popular

[harbin55]

Many people thought that the government bans bitcoin because it was illegal but the true reason is the factors which can affects the performance of the company.  Not all countries are advanced in terms of its infrastructure .

[kolitski]

The government why they ban the bitcoin because they think bitcoin was using from illegal activities  and it looks like using in money laundering, or the government cannot get any tax from bitcoin and some of companies are affecting by the bitcoin.

[rxthree]

Why won't some of them do, since it is a threat to their previous activities of controlling fiat currencies? In the past they have always been using central banks to do some of their evil work and controlling distribution which most times affects the downstream. And then a decentralised currency came all of a sudden which they can no longer control and is already disrupting usual methods. However, there are some who believes criminal activities will increase but I believe this can easily be curtailed.

[bakulsandal21]

Point A government's sets bitcoin bann not because they know what bitcoin is and what the bitcoin is, the government is told what it is bitcoin and so on but the government keeps claiming bitcoin as a threat to banking.
Point B government claims bitcoin as a tool to launder money.
Point C government see unstable prices
Just opinion

[bts378]

Some countries prohibit its citizens to use it because bitcoin has been use before in illegal activities that was uncovered by the authorities and they are afraid that its citizens will have an idea of using it for the same purpose. Because of its anonymity, some people who do something unlawful prefer to use it instead of payment option that is traceable and that's why some media also emphasize more the negativity of using bitcoin and other crypto that's why others prefer not to be involved with it.

[mitsuki]

The only countries that have banned Bitcoin are Bangladesh, Bolivia, Ecuador & Kyrgyzstan. Do you live in one of these countries? If not, what's your worry?

HERE is more detail on the legality of Bitcoin by country.

As long as countries can still collect taxes off the gains made from bitcoin investments they'll be keen to let it live in the fringe.

What we should be worried about is the long reach of law of some countries to indict people for fraud when that country doesn't have any jurisdiction over where the crime occurred. Not to say that criminals shouldn't be pursued, only that they should be pursued by the authorities that reign over the jurisdiction.

[shibisu]

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.  

From some sources in the media it appears that this ban is due to government concerns in some countries will tax fraud, worry about Cryptocurrency fraud, bitcoin hacking and avoid money laundering.
digital currency tension becomes a crucial point of global demand for digital currency transparency .

[Rkss4]

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.  

Some governments banned bitcoin because bitcoin trading governments get no taxes and fees. Online crime frequently occur by bitcoin.

[shamimal93]

Some government ban bitcoin because they are not able to maintain digital currency. They have no advanced technology. That's why they are against bitcoin.

[Seano]

The bitcoin is forbidden for some countries because the government believes that the bitcoin is used for purchase of illogical things. Also they forbid bitcoin because they can't control him, they can't impose on him a tax, other reason that the bitcoin is unstable, its price suddenly is raised and falls. These are my opinions on why the bitcoin is forbidden in some countries.

[Paycoinzzz]

The bitcoin is forbidden for some countries because the government believes that the bitcoin is used for purchase of illogical things. Also they forbid bitcoin because they can't control him, they can't impose on him a tax, other reason that the bitcoin is unstable, its price suddenly is raised and falls. These are my opinions on why the bitcoin is forbidden in some countries.

The government always want to have permission to control the cryptocurrency system.
However, sadly, the nature of cryptocurrency is decentralized, no one can has power to control this system like centralized system created by the government.
The government can not do that, so, they think which best thing to limit this system is ban it.

[spartanrules]

Governments are not prohibit bitcoin, they just create conditions for making big profit. Because with their big amount of money they easily could manipulate with cryptomarket.

[Joemzz31]

Maybe the reason why other government banned bitcoin is because they cannot even get a source of fund to it.
There is no law in putting taxes if you are going to use bitcoin for your transactions so it means they can't get a benefits to it. Bitcoin doesn't have advantage to them.

[Tias Indriani]

these are based on my opinion. Bitcoin is banned to some countries because the government believe that bitcoin is used to buy illigal things. Also they ban bitcoin because they cannot control it, they cannot put tax on it, another reason is because bitcoin is to unstable, its price suddenly goes up and down. These are my opinions why bitcoin are banned in some countries

[baldur odinson]

Bitcoin is not forbidden today but only governments are against Bitcoin. In only a few countries the purchase and sale of Bitcoin is prohibited by law. Governments are trying to prevent Bitcoin investments which is explained as economic risk. The bitcoin system can not be controlled by governments and there is a legal regulation issue for taxation problem.

[daduremi]

As per my theory, Some of the Government officials of a country are engaging in the crypto world. Basically, once a country accepts Bitcoin these people must show their assets as part of being public officials. Declaration of assets means a threat to them since as we all know in this industry one could really make a lot of money and somehow they can also transact without being caught. Bottomline, These officials are intentionally trying to give Bitcoin a bad name so that they could continue on to their businesses. Legalization of Bitcoin is a threat to their own personal interest

[Englebabylove]

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.  

Each government has its own freedom of choice. When they think bitcoin is a scam, they will ban bitcoin, which is understandable. Bitcoin is decentralized and anonymous, and it cannot be controlled by the government, so it will be banned by the government.