why some country banned bitcoin?

[josephpogi]

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

Some goverment did not believe in bitcoin so that's why they said that bitcoin is a fraud only and some goverment scared about digital currency because of this bitcoin bitcoin can replace the bank in thw future with a low fees so goverment trying to banned this in some country.

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[marzuk]

Although Bitcoin is the most valuable and popular currency in the current world, It is good news, but many countries think there are many difficulties in the country. I think any country will not allow Bitcoin because their is a anonymity transactions that will help money laundering which can ruin a country. Most of the countries realized that will not be able to deal in the Bitcoin currency. The central bank of the country will revolt against Bitcoin and cryptocurrencies because it also not taxable.

[gambitcoin53]

bitcoins is banned by some country especially if that country is a 3rd world country, they are not open to cryptocurrency and most of the physical stores do not accept payments thru online, lack of internet, basically they do not have enough knowledge or afraid to accept bitcoin in their financial market.

[GreyMare]

They forbid bitcoin because the federal government didn't levy bitcoin .. and think it is harmful to the country. They do not realize that huge salary individuals, the new country keeps growing.

[Dorky]

  Every country does business in its own interest, naturally wants to protect the national currency, and if I were a government I have behave like this. This is normal, not ready to pass.

[RavenHood]

In my opinion, some country banned bitcoin. Because they can’t control it and they can even know the real owner of bitcoin. They don’t know what the user does within their bitcoin. Some country banned bitcoin, because in their law and jurisdiction. 

[R.Hasan]

In an interview with Bloomberg at a summit in New York, Citigroup CEO Michael Corbat said that cryptocurrencies represent a "real enough threat" to the financial system, and that governments wont take the disruption of their capabilities around data, tax collection, money laundering and know-your-customer (KYC) "lightly." And he predicted that state-sponsored digital currencies will arise from the threat posed by Bitcoin

[sarjilcse]

Well, I think there are several reason for it.
most of country don't  how to demand taxes from Bitcoin
and still fear for the economy of the country...

[agentx44]

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, the government of other countries thinks bitcoin is being used for illegal activities like scam and people earns money for free and do not pay taxes. That's why the government wants bitcoin users to pay taxes which is a bad news to us.

[smauni]

Yes. Bitcoin banned the governments of many countries. There are many reasons for this. We know that Bitcoin is independent, the government of any country can not control it. So many governments have banned it. They can not believe Bitcoin, they think Bitcoin is a threat to their country. But I think these stupid ones. Bitcoin changes our condition. Make us rich, self-reliant.

[supandi wiharja]

as some countries are concerned about possible impacts on real currency, tax implications, potential fraud and criminal use.
This has led some countries to enact a legal regulation on bitcoin.
In addition, the reason some countries reject the bitcoin among them because the government considers bitcoin is potentially used for money laundering crimes.
Although there are many positive effects of bitcoin on people's welfare but the government will not be selfish and need to think very carefully.

[Mehedi72]

 Bitcoin  Makes my life amazing that i have ever think. But nowadays many countries are banning bitcoin and  As my opinion,  due to criminality are increasing more than before due to bitcoin cause supid people like them, use bitcoin for doing bad kind of work & activities. Government trying to provide it. Besides tax matter including...  

[heyouyou]

Because bitcoin is uncontrolled, the government can not control bitcoin, and bitcoin can damage the economy. Bitcoins are exploited by lawless elements, criminals use bitcoin for criminal transactions, but bitcoin is anonymous, so the government can not find the criminals and the government does not like bitcoin.

[sucix]

Because they think only the bad thing about bitcoin. They never see the advantages of bitcoin.

[rayneh]

They are hesitant to lose their real markets hence they have restricted bitcoin. Be that as it may, bitcoin is a ruler of everything still there individuals are putting into bitcoin on the grounds that nobody can stop bitcoin. Since bitcoin is giving many people opportunity while government are not giving open doors in this way government grabbing individuals rights while bitcoin isn't grabbing individuals' rights.

[Zemomtum]

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

It is because governments cannot tax crypto currency and they cannot get income tax from it. A lot of people are earning a lot through crypto currency,  their government are missing a lot of taxes because of it. Some people gave up their jobs just to focus on crypto currency and trading. Their government see it as a threath.

[Frost149.6]

Government of many country find Bitcoin illegal. This because they want there people to work and they want some tax from there citizen too. And government cannot implement a tax on Bitcoin. And they are also in the fear that Bitcoin may replace their currency and bank too. And  people will not work and unemployment will be the cause. So that's why government is not making the Bitcoin legal in their countries.

[Delarock]

Maybe they perceive crypto-currencies as a way to engage in illegal activities, in addition - taxes. Traders do not pay taxes to the goverment.

[Tuare aget]

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 ban bitcoin start from no trust to bitcoin. So no trust finally they ban bitcoin.

[Getmon]

There are probably so many reasons why a certain country will not accept Bitcoin. In addition to tax concerns, there is also the fact that Bitcoin appears too underground with its anonymous and decentralized features. This might give an impression to the government that Bitcoin is only a currency that belongs to transactions under the government radar. And then, of course, cryptocurrency might still be a vague area to them.