why some country banned bitcoin?

[irienoodles]

its not banned in our country yet. However, they are currently looking on it and warning the people it is very risky.
on the other hand, i am thinking that they are just saying it because they can't control it. they can't impose taxes on it. meaning, no income from corruption.

[Maureenjoy]

Some country ban bitcoin because some countries don’t know how to control the system. And government can’t issue taxes thats why they come up to the idea to ban it instead.

[ace4549]

I think because it is used in gambling sites.

[_MrTuyul404]

bitcoin prices are very volatile, and very risky for ordinary people to invest, and a country banned bitcoin probably because its government is afraid, people lose money for trying to invest in bitcoin

[Bitcoinismylife12345]

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

Because we all know that bitcoins are cannot be controlled by the government so it can't be taxed, also the possibility of criminality will be higher owing to the fact that bitcoin is anonymous so evil doers can make evil transactions anonymously. It is true that bitcoin can help every people in every country but it can be one of the threats to thier own local economy.

[heureca]

bitcoin prices are very volatile, and very risky for ordinary people to invest, and a country banned bitcoin probably because its government is afraid, people lose money for trying to invest in bitcoin

I suppose governments afraid of instability of country economics. At present criptocurrency capitalization is big and could influence on contry economics.

[Lhaine]

bitcoin prices are very volatile, and very risky for ordinary people to invest, and a country banned bitcoin probably because its government is afraid, people lose money for trying to invest in bitcoin

Maybe that's one of the reason but i see another can be the reason, government doesn't connect to bitcoin, i mean in any transaction they can not get any tax even those bank can't get a fee with bitcoin.

[loof99]

They banned bitcoin not because they think it is illegal but they do some actions to prevent problems since there are not yet capable enough to adopt the changes.
Through this they just protecting the interest of both parties.

[ecbxgnyn]

They do this in order to protect themselves, the specific explanation is to protect the economy of their own country, which is to protect their own power.

[Bugoy.koykoy]

I think because some countries dont know how to control ng system and also government doesn't connect to bitcoin and no issue taxes thats why they come up to ban it instead.

[sumangs]

They see bitcoin as a threat to their own currency and they can not control it because they do not own it. What could they do is regulate it by making laws about it and it will also takes time so they just better ban it.

[sino22]

bitcoin prices are very volatile, and very risky for ordinary people to invest, and a country banned bitcoin probably because its government is afraid, people lose money for trying to invest in bitcoin

I suppose governments afraid of instability of country economics. At present criptocurrency capitalization is big and could influence on contry economics.

I think it could be, and if not, I think, not all countries willing to accept BTC it is possible that the country is afraid of entangled in large debt, which is used for investment.

[tengek37]

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

there may be some Bitcoin features that violate state law.
such as sender and receiver Bitcoin anonymus so that the government can not detect the perpetrators of the transaction.

[MisterPrada]

Here is a reason: Governments, first thing they do is from 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 its going

[Ruetli]

Because governments like to control the money supply via their central banks and the incoming and outgoing money transactions. Also they fear that cryptocurrencies make it easier to conduct tax evasion and illegal transactions.

[AmeSakibimasu]

bitcoin prices are very volatile, and very risky for ordinary people to invest, and a country banned bitcoin probably because its government is afraid, people lose money for trying to invest in bitcoin

I suppose governments afraid of instability of country economics. At present criptocurrency capitalization is big and could influence on contry economics.

And that is bullshit for the Government that is banning bitcoin without knowing the whole story about it, they judge bitcoin easily just because of those people mistakes who got scammed by other people using bitcoin, it is not Bitcoin's fault if they get scam, it is their stupidity and being naive. So it is unfair for those who are earning money through bitcoin if the Government will ban it.

[deppil]

They see bitcoin as a threat to their own currency and they can not control it because they do not own it. What could they do is regulate it by making laws about it and it will also takes time so they just better ban it.

not just a threat to their currency. but also a threat to the country's economy. How come ? bitcoin has decentralized and anonymous properties that will make the user uncontrollable and invisible there will certainly be many bad things like embezzlement and other bad things, that's why the government forbids bitcoin

[ShiroThe5th]

because some country the crypto currency is just a money in a game and cannot be transfer in money and they think that bitcoin is not the highest amount of currency.

[Pattart]

bitcoin prices are very volatile, and very risky for ordinary people to invest, and a country banned bitcoin probably because its government is afraid, people lose money for trying to invest in bitcoin

I suppose governments afraid of instability of country economics. At present criptocurrency capitalization is big and could influence on contry economics.

Of course the government's focus is on their economic influence when bitcoin comes. bitcoin can make the country's economy crumble because one of the country's have biggest income is from taxes. and bitcoin makes a lot of people invisible and could be spared taxes. that's what makes bitcoin a threat to the government income. and make the government ban bitcoin

[LTCendmanagement]

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

Because bitcoin has no physical, no central ownership like a bank causes bitcoin to be banned in different countries. However that does not stop the development of bitcoin, in will continue to grow into a giant cryptocurrency.