why some country still not legalized bitcoin ?

[Pleione527]

I think it is because the government of those countries 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 the access to their wealth without the government recognizing it

[1714805490]

1714805490

[1714805490]

1714805490

[1714805490]

1714805490

[Getmon]

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 ?

Will Russia really ban bitcoin? Can you send us the link about this news please? I think it is not going to happen. All I heard about Russia in terms of crypto is that it is going to create their own version of it. This is actually a good news because this will make the name of bitcoin and crypto even bigger and more famous.

[Catmony]

Not all country around the world are under control of leterate and smart peoples and countries where parliament is full of illeterate politician who don't know any shit about bitcoin will just ban it. Legality of bitcoin might not be bigger issues in future as most of the bitcoin exchanges are done in peer 2 peer mode.

[aagaasi]

Because many people(countries) are not acceptable to changes, and that to the function of their economy, and mainly because they don't want people to get the opportunity to earn good by simply investing..

[DewiKirana]

I think the country that forbids bitcoin has a reason, because they just want to keep security, maintain the stability of official money, and do not want to see bitcoin abused in the country. Each country has different reasons.

[WannaCry]

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 ?

Some countries are still unsure whether bitcoin is a good thing for them or bad. I mean let's try to understand that change is not that easy to grasp. However, change is inevitable, so they need to accept it somehow.

[ivrynx]

I think this is probably due to the fact that bitcoin is decentralized and they do not have control of it, since the transactions are anonymous, they will have a hard time of tracking down people who are scammers, though we can get the ip address, still there are ways.in which you can change your ip address. It also may be due to the volatility of bitcoin that these countries are afraid that their people might not understand what to do with investments, their countrymen might get back on them once they introduced bitcoin to them. As far as legalizing goes, those governments still need time to study on how thry can incorporate digital currency in their constitutions, since that is always seem to be case, why some countries do not legalize bitcoin, and some who did legalized bitcoin, are having trouble, where in fact, they all can ask assistance from japan and how they managed to it.

[praveenkumarjb]

Cannot say what happens to bitcoin at any  moment.It is always considered as a illegal currency.If you open tor network you would see all transactions happens through bitcoin.Tor is not legal and bitcoin too.But things may change and some countries may start adopting bitcoin.

[Bitcoin_Delivery]

Every state government is different. there is also a very strongly rejected state of bitcoin for fear this is a threat but if the world can no longer stem bitcoin may be the country will make regulations about bitcoin

[Xester]

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 ?

We do not know ofcourse the exact reason because we are not in that country.  The best answer could be their government does not support anything or acknowledge anything from the internet.  I mean, they do not recognized things which are not from their country.  Maybe that is the reason why there are currencies that came from their own place.  And besides maybe it is not legalized because it does not have to.  Their citizen can always used it. 

[rayneh]

Cannot say what happens to bitcoin at any  moment.It is always considered as a illegal currency.If you open tor network you would see all transactions happens through bitcoin.Tor is not legal and bitcoin too.But things may change and some countries may start adopting bitcoin.

It is not illegal currency who said that it is illegal currency i'm myself using bitcoin because bitcoin has reduce many problems of mine. While government still stuck at the one place not even moving to sol people problem while bitcoin does so how can you say that it is illegal currency it is quite great currency one day it will become a world currency where every country will demand bitcoin.

[jkoin]

Bitcoin does not legalize countries where bankers and officials have a lot of power. They are afraid of these new technologies, afraid of blockchain. After all, this way there will be no concepts of corruption, people will not use banks. For crypto-currencies the future and from it to not leave.

[gesdan]

i dont know about country that banned bitcoin, i think if they banned bitcoin its same that they banned new era of money, and maybe they think that bitcoin someday is scam so they banned bitcoin, they too afraid about that situation

[Smith871]

Yeah a big question indeed but so far my knowledge is concerned i am considering these countries as a foolish one because they are not even familiar with importance of bitcoin.Soon they will realize its importance and will allow its usage in their country.

[fetishboang]

It is just banks are scared of bitcoin because banks can control it and there is a chance the bitcoin could knock them out. You know banks, they are greedy as hell.

[DPrillio]

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 ?

Other country did not legalized bitcoin because of security reason for we know that bitcoin is an electronics money that everyone can earn and buy easily without thorough registration and other reason is that not all society in a country can access the internet.

[Kemarit]

Every state government is different. there is also a very strongly rejected state of bitcoin for fear this is a threat but if the world can no longer stem bitcoin may be the country will make regulations about bitcoin

Exactly, every government is different. I noticed though that two countries now, China and Russia seems to be a hardline stance against bitcoin. And the commonality between the two is that they are somewhat control by a authoritarian regime. So I opine that those doesn't want bitcoin or crypto on their backyard because they cannot really control it. Look at other free country like Japan, they have embraced bitcoin wide open, while other countries put a regulation like South Korea. Which is like the 2 prime movers on todays market. So for me it depends on the form of government of a certain country. Its has nothing to do with bitcoin as scam or Ponzi. If a government see that bitcoin can't be contained by them, an outright ban is put up.

[Chanock]

The reason why some countries are not legalized bitcoin because they want to protect there own national currency. Some state are bounded there laws and policies that governing in protecting there national currency.

[koeb88]

In my opinion, it is very difficult for governments to introduce cryptocurrency into their system. They have to manage so many problem with it to get their taxes and fees. Now btc is still to week, and not accepted very often so they won't matter about it right now. I hope most of the politics will realize soon that bitcoin has a great future and will change the situation.

[Javathon]

They see bitcoin as a threat to their economy, the use of bitcoin eliminates taxes in transactions, bitcoin's volatility can also affect the country if there are many bitcoin holders and the price went down badly.