why some country still not legalized bitcoin ?

[no0dlepunk]

Bitcoin is hard to control because the production is decentralized, probably that is one of the reasons why the government does not want to patronize it. Fiat has bunch of grey areas which the government can cover up, they can declare false federal reserve with it while with bitcoins everything is broadcasted in the blockchain network.

[Polar91]

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

It is maybe because they still do not have the capability and capacity to make it legal on their country since they lack on technology to support and operate bitcoin usage. Maybe also the people are not that aware on bitcoin existence so they do not yet make it legal because only a few will benefit. Also maybe because they are just contented in their real and national money to take over as their type of currency rather than using bitcoin cryptocurrency and other type of cryptocurrency.

[Vatimins]

Possibly because it's not yet popular to that country.  Lawmakers are not paying attention to it because there's no relevant effect to it's economy yet. Here in the Philippines, there are only few people knew about cryptocurr, most does not even heard about it.  Thanks

Yes you are right. It is possible that they are not accepting Bitcoins because they are not familiar with it and do not have proper knowledge about the cyrrency. So most likely, they will be skeptikal about it. Plus the bad things that people say about bitcoins
The government will absolutely prohibit it.

[chayskie04]

I think it is because the government are afraid that they will lose control over their economy because of bitcoin. Since bitcoin is very private they cannot trace the ownership of bitcoin which will lead to people having a access without the government recognizing it.

[Sarastiche]

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

The challenge of scamers in cryptocurrency and the fact that government cannot easily regulate the system is a major reason why it will not be legalized also lack of good  internet facilty to all,is. Critical factor if legalised lot of people will be at disdvantage

[BeGoods]

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

It is maybe because they still do not have the capability and capacity to make it legal on their country since they lack on technology to support and operate bitcoin usage. Maybe also the people are not that aware on bitcoin existence so they do not yet make it legal because only a few will benefit. Also maybe because they are just contented in their real and national money to take over as their type of currency rather than using bitcoin cryptocurrency and other type of cryptocurrency.

I think the main reason why governments have not yet legalized bitcoins is because they have not been able to fully control the bitcoin because the government's desire is that they can control the user so that it can be regulated under a regulation and to avoid risks such as money laundering, corruption and so on. the government is waiting for ways how to make decentralization and anonymous from bitcoin gone?

[ekoice]

We could see that mostly countries having small economies have banned bitcoin.Either they might have thought that they lack infra structure to trace and regulate bitcoin transactions.Also,they would fear that they would not be able to stop illegal activities in the country.

Surprisingly,even some bigger economic powers too have started to take strict actions against bitcoin.Recent examples are China and Russia.They fear that they might loose their control over citizens if they allow bitcoin.They fear that bitcoin would make their currencies lose its value and also tat it would be used for money laundering.

But its sad to see that some countries like south korea too follow their path.

[Heyyyrenz]

Because of the threat it may give to the country. First of all if the government legalized the bitcoin in a country there's a possibility that the power of deepweb will increase because we all know that in the internet we are anonymous and we can use different apps that will hide our identity in the internet not just that, we all know that the bank and the government are partners and if the bitcoin overcome the bank then the profit of the government will reduced and lastly let's say most of the people in a country will use bitcoin or will work in a cryptocurrency industry then most of the people are not paying taxes and that's why some of the countries tries to ban it because of the threats it may give to the country.

But they don't see the opportunity it can give to every individual like reducing the unemployed, the fast transaction and low transaction fees.

[Fasdartin]

I think prohibited the use of Bitcoin in the country mainly because of the coins’ potential to destroy the national currency.
afraid to disrupt the country's economy

I think because some government they think bitcoin as a scam, and they cannot trace who use bitcoin as a illegal transaction like buying drugs, weapons, and use money laundering. Also They fear that they might lose their control if they allow bitcoin to used in their country.

[MOTHIT]

Any Countries government will allow bitcoin as legal currency if they allow their country currency value will be reduced which is valued by the country's growth factor only. Bitcoin is not like that it is not depend on anything so the rate of bitcoin is increasing. In my point of view bitcoin to progress as what it is now. We no need any country to legalize. So far we are having smooth access to bitcoin from anywhere from the world.

[Siopao]

Maybe its because government can't regulate it, they can't trace transaction done on bitcoin and cannot control it. They are concern about the illegal activities that can happen from it. Another thing also is their currency will be threatened, it is possible that people can largely use it rather than fiat, and lastly I think its mainly due to ignorance. They don't see bitcoin as a thing that coud help their people and other benefits that it brings.

[kiboloves]

On this point. I think Japan is doing very well, and it is clear that Japan has been ahead of bitcoin applications. I think this is a trend, so some countries prohibit bitcoin behavior is not in line with the trend of the world.

[ghost07]

Ita not easy to legalized bitcoin fast without proper review because it can affects the names and other who published that agreement. Bitcoin is not simple like other currency it is a big responsibility to all government officials.

[tamanegi]

I think the government officials are not fully aware or they simply have no knowledge about bitcoin. They are much more busy solving other internal problems rather than monitoring on what is this bitcoin all about. But, the moment they found out that there is something bad going on about cryptocurrency, I'm sure they will find a way on how to regulate bitcoin.

[bololord]

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

Legalized in some country is a good news . but based on my research some country did not legalized the bitcoin because they theory  that the bitcoin is only a fraud and i think some many goverment hate this becuase bitcoin cannot control by any goverments.

[syamster]

I think prohibited the use of Bitcoin in the country mainly because of the coins’ potential to destroy the national currency.
afraid to disrupt the country's economy

I think they are waiting for it because of they want to see the result in other countries because may be they think bitcoin can make a problem of them and secondly some countries want to use their people to work for them in order to collect tax but I’m sure that these countries will also make bitcoin legalized as soon as possible.

[hahay]

It seems to be very difficult to be able to legalize bitcoin in a country, since bitcoin is always associated with negatives, since the character of bitcoin is very anonymous, so the government of a country should make a deeper review to accept and legalize bitcoin, even though bitcoin is very beneficial for us, but the views of the government are very different from ours.

[crazycatwoman03]

I seen some big country started to legalized bitcoin like japan, but i seen some country was ban bitcoin too just like what i hear about south korean and issues about russian will ban bitcoin in next month.
But why they ban bitcoin and some country still not make bitcoin legal in that country ?

I think the one reason why the bitcoin was not legalise and banned in some country is because of using in illegal transaction. Bitcoin is popular now and very beneficial on some user because it is source of income but it can also used in illegal doing. By hiding their identity of the user is hard to detect by the law who used this in illegal doing. Additionally those countries who not legalise the bitcoin has a demand currency which will affect the economy of the countries by competing their currency.

[MCVXYZ]

Illegal transactions are not answer for this question,because police can Investigate it more easily by Goverment special sources.
How can they ban something that not even ''exist''? they can not do something by this,because,Anyway,people can send/receive and buy/sell bitcoins.The bans seem to have not  had  effect on the global bitcoin network. i think that,finally,bitcoin is untachable from this regulations.Banks around the world and throughout history have been stealing from their citizens and bitcoin is  decentralized and owned by everyone.

[Zubayer]

Actually I don't know what thinking those countries. Now bitcoin is so popular and they can legalized bitcoin. Japan legalized bitcoin and it is great news for bitcoin users. On day it will be happening that every country legalized bitcoin in their country.