why some country banned bitcoin?

[buharikx31]

They are scarred of decentralized systems which cant be controled and regulated, so countries are trying to ban to them to have control on finance regulation, people can open access to bitcoin with VPN or other methods like proxy, but it depends on a country law if it's allowed or not

[kiki52]

i think some country not trust yet with bitcoin. but maybe over time bitcoin will become a trusted currency for people and countries. because now there are so many people who use bitcoin and invest their money into bitcoin.

[badungs]

i dont know what is real reason. but i think some bank afraid about bitcoin, afraid if their customer will not use bank again (absurd reason if they think like this, because we need bank to withdraw our money)
if they (bank and government) thinking more about bitcoin, it will be some advantage for country. invest in and hire people to work on bitcoin, develop it, it will earn add income.

[aso118]

Hey. How bout the good old scapegoat China ?

China is different. If a country bans Bitcoin, I expect it to have a set of reasons (most likely unreasonable ones like use in crime, money laundering, tax evasion, etc.) China doesn't need a reason to ban anything.
If they can set up a wall around the internet, they definitely can try to stop bitcoin.

[cryptolerant]

I think why other countries are banned from using bitcoin because they think bitcoin is for a toy that they just do when they do not know that bitcoin is a great help for people but others think they are bitcoin like a scam so they've been able to comment as they have nothing to do with their post

Actually I don't really think that governments care about scam. In my opinion, main reason they are banning because they have almost zero control on taxation of crypto currencies. as governments major food is tax, they don't like it.

[leanhtuan]

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 do not think that bitcoin is a common currency of the world. Because bitcoin have not been accepted by most countries around the world,
there are  still  some countries  banned  bitcoin because they think their country  can not control this virtual currency, which could damage
 their country.

[ruskytailz02]

I think they do that because of what can bitcoin do in future.
There is an article I read and spreading that bitcoin was an experimental and a big mistake because it will conquer the banks in the future ... the author said that the price wi be 10,000 dec.. 15,000 -20,000 in nxt year and 500,000 -1,000,000 K USD.. and he said that bitcoin will eliminate all banks resulting in new way of living...
And if that happens they said that they will boycot and make bitcoin go down and cut all sea bed cables to stop it...

Bitcoin has value and it can be used to wrong things itbis basically the reason why some of countries preffer to ban it hehe... keep mining folks

[enkongtukmol]

its because of bitcoin has no tax. government cannot collect a tax to anybody who use and earn bitcoin. 

[Loopper]

its because of bitcoin has no tax. government cannot collect a tax to anybody who use and earn bitcoin. 

And some governments do not like Bitcoin for not providing good results for the government

[Zubayer]

This is tough to explain, i can say that this is government issues. Some countries don't legal bitcoin in their country. Bitcoin is the best crypto currency in the world but why they don't support bitcoin. Some countries think that bitcoin price always up and down and so they want to invest in bitcoin. So they banned bitcoin in their country.

[Baggong]

Because bitcoin is anonymous, if the state legalizes bitcoin then made the heaven of corruptors for money laundering and as a place to avoid taxes. there are probably many other reasons why the state banned bitcoin but the 2 things are the most important.

[Baijit20]

bitcoin is a digital currency and it more popular.but some country banned bitcoin because they can't control it.many countries want to use their people to work for them in order to get tax from them.I think they worry about it.bitcoin transactions it's really impossible to find out the owner any translation.so some country banned bitcoin.

[hynext]

Because government want to regulate it and to put some taxes. If all people not using fiat, government will not implement the regulations and taxes to everyone. Bitcoin is decentralized which means anonymous, it can't be taxed.

[hkabir]

Because it is decentralize and no third party is need to trace any transaction and also for fear for the economy of the country goes to people.

[drm]

Because government want to regulate it and to put some taxes. If all people not using fiat, government will not implement the regulations and taxes to everyone. Bitcoin is decentralized which means anonymous, it can't be taxed.

Of course the network can't be taxed, but they can easily tax anyone who cashes out at a big exchange if they want.

[ripti]

Many countries in the world have banned Bitcoin. Either the countries have thought that if Bitcoin is conformed to their country if the current currency is depleted in their country, terrorism can increase in the country or they will not be able to recover any type of income from Bitcoin or the country's currency can be trafficked abroad. Perhaps they have banned Bitcoin from all these fears.

[Creating N Action]

Not all of the country banned bitcoin. Some country allow bitcoin in their country because it helps them in different things and it says that it is a big oppurtunity for everyone why they allow bitcoin in our country. The reason why they banned bitcoin because  it is decentralize currency literaly means it has no taxes to be pay every netizens. I think the reason why some country banned bitcoin because for them, bitcoin can affect ther economy as well as the local market. Some people allow bitcoin because they do most important things. It is important especially here in our country because it helps many people to become success in their life and some become a bitcoin millionaire because they work hard for bitcoin.They think that bitcoin is a threat and leads to a harmful economy. Also they banned bitcoin beacause for them it is illegal why they can not allow bitcoin in their country but it is clearly that bitcoin is  legal. They afraid to go down their economy.

[iamzill]

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

perhaps the country is afraid of inflation in their currencies and economic systems because bitcoin exchange rates are higher against their currencies and perhaps the country is afraid bitcoin will be a crime fundraiser

[family934]

those countries that banned the bitcoin are thinking that their banks will stop and their people will not take interest in their banks , because the bitcoin unique qualities facilitate the clients in such a way that banks can't. Bitcoins more beneficial for the people than banks

[Bit4UTeam]

Some countries ban bitcoin mostly because this currency can't be regulated by governments. Your transactions and money are kept without eye of regulators.