why some country banned bitcoin?

[Kazi Sajib]

Many countries still have no idea about Bitcoin, yet they still do not know much about Bitcoin,thats why some country banned this cryto

[PeRo]

Because the goverment controles the countries money and they do not want a new currency that is decentralized. Even though some countries 'ban' it, they can not track its use and can not really stop anyone for using it or get them caught using it because it is anonymous and untraceable. Feel free to use it even if your country tries to ban Bitcoin.

[GameofCryptos]

things without control there is no benefit, and that can not be allowed

[wizmo]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

I think government worries about the uses of bitcoin for illegal activities and tax avoidance which can affect the government greatly that's why they banned it. There are many other reasons as well like bitcoin is pseudo anonymous as it doesn't reveal person identity, No one have control over bitcoins as it's decentralized.   

[Hermes Mercury]

in my opinion, is because the country is afraid of bitcoin withdraws its currency from circulation or increases fraud

[hookcoin]

Because bitcoin transactions are absolute security. The government will not be satisfied, they will not tax the transaction. Maybe people do not want to abandon traditional types of transactions. If bitcoin is used in transactions, traditional transactions will not exist anymore.

[Harrisonimo]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

The reasons why some countries banned bitcoin/Cryptocurrency are not far fetched. Basically, the control isn't regulated. As much as the blockchain technology brings a lot of opportunities and advantages, its demerits go hand in hand. But we cannot because of the bad sides avoid its relevance and great help it has cone to bring to us. A lot of countries are still trying to catchup with the internet and now the block chain! But at the moment and as time goes on, change is inevitable. We can only but learn, relearn and also unlearn.

[Renampun]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

they are afraid Bitcoin is misused for corruption, money laundering,
and for other crimes, if they learn deeper about Bitcoin (Blockchain) they will definitely legalize Bitcoin ...

[Mame]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

Well I think may the these countries want to use their people to work for them in order to get tax from them I think they are worry about it that when they let free bitcoin in their countries so all the people will move toward bitcoin and they will start to get their money from bitcoin so I think that can be a reason which is a wrong decision by them.
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Maybe because other countries that banned bitcoin is that they dont have total control of the money coming in and out, so less tax will be imposed to them. That's is the only reason why I think they are against bitcoin. They just want to have total control of the economy.

[leisha]

I think some countries banned bitcoin because they wanted bitcoin to be covered by their laws. Also, they wanted that bitcoin will have taxes. They wanted that they will control bitcoin's flow in their country but they can't so they banned it.

[xBitHodler]

Some countries ban Bitcoin because they are simply afraid of it. Even after exchange ban in China, Bitcoin price recovered in a short period of time. I don't get the point of regulating everything. Authorities probably seek money. Countries have a lot of expenses which are covered by taxes.

[damnek]

Government cant put taxes to it and some people use it for Black Market.

A portion of the unfortunate nations like China has prohibited the bitcoins in light of the fact that they have no clue that what is the estimation of bitcoins if any of these nations perceive that the bitcoins is useful for the general population than they will enable their natives to utilize Bitcoins and afterward there will be not a solitary individual jobless on the grounds that every one of them will be entered the universe of bitcoins to be a rich and fruitful individual doing no endeavors.

[Hakkerman101]

Many illegal turnover are associated with bitcoin and countries prohibit them due to the anonymity of users and the lack of the ability to detect them. Governments, first thing they do is form a currency. They like to control the currency. They control it through the central bank. They also like to know who has it, where it is, where it’s going.

[bajigur894784]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

I think .. countries that resist bitcoin is a country that has not been able to regulate the crypto rules thoroughly.
Surely besides that .. there are concerns about the anonymous bitcoin, of course it is against the economy and banking.
maybe that's a consideration of a country resist bitcoin.

[SIHIN]

the country banned bitcoin in my opinion because of the many crime cases or illegal acts that use bitcoin. so the name of the bitcoin gets polluted and the state does not want to acknowledge bitcoin

[Ranly123]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

In my own opinion, welk maybe because they cant take tax in bitcoin and the government did not want the income of there people be not taxable. Tax through bitcoin is huge to have, so banning bitcoin which is not taxable is their resort to this question.

[merlyn22]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

in my own opinion some country ban bitcoins because of illegal acts like bitcoin can be use for drugs operations. some goverment i think they like to put taxes on bitcoins and they cant controlled it.

[Lagduf]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

in my own opinion some country ban bitcoins because of illegal acts like bitcoin can be use for drugs operations. some goverment i think they like to put taxes on bitcoins and they cant controlled it.

Actually that is not the main reason, criminalities that use bitcoin is such a rare case even sometimes it's get exposed. Bitcoin is often banned because it's considered as threatening the countries economy.
Even some small countries have smaller market capitalization than bitcoin so what you expect from them than banned bitcoin to keep their economic stable?

[Lady Coquet]

why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?

In my own personal opinion, maybe the government of some countries banned bitcoin because they think bitcoin is a scam, that some bitcoin users use bitcoin to trick other people so they could earn more money and people earned money with it for free that's why the government do not have any shares from bitcoin.

[doblok]

Because the state does not want the currency to be replaced with bitcoin, it could be because bitcoin digital money even though many countries have their own currency but still use bitcoin as a means of payment and many countries make bitcoin as a source. of revenue