why some country banned bitcoin?

[Pulsarin]

Taxes, taxes, taxes.
Bitcoin is taxed? No?
Then we prohibit bitcoin.
The uncontrolled crypto currency is the biggest problem of governments.

[siti25]

Probably because Bitcoin is considered to have no clear regulation for some countries. There are also countries that prohibit the use of virtual currency, because bitcoin is a virtual currency, then bitcoin is illegal. Bitcoin is young and can still be developed. Maybe over time, bitcoin will be accepted by all countries.

[Sean25pogi]

I think why some country banned bitcoin because they fear to go down their economy and they don't know what are the possible effect of bitcoin to every one. And they also have distrust feeling in bitcoin industry if it is give a good or bad thing that makes change their lifestyle, so many people as of now are not really know what are the relevance and importance of bitcoin in every human being.

[Betwrong]

Firstly, there are very few countries who actually ban Bitcoin. Those countries are: Bolivia, Ecuador, Kyrgyzstan, Bangladesh and Nepal. Maybe several other countries like Jordan who issued a warning discouraging the use of bitcoin and other similar systems can also be called not Bitcoin friendly. And it's less than 10 countries in total. Secondly, I'm sure they will legalize Bitcoin with time, either because their government will be changed/overthrown or because their government will change the attitude to crypto currencies.

[Rossy Akbar]

Well, this exactly a same question that I wanna ask as well. Maybe the bitcoiners expert wanna share any statement or opinion to answer this question. And it could be amazing if you guys knows and want to share how to prove to the government to make them likes bitcoin or avoid them for ban this thing.

[Abhinav Anirudhan]

Some countries have Banned Bitcoins because of following reasons : -
The government or the leader of the country won't be getting their taxes for fulfilling the needs of citizens and also for the development of the country. Due to this undue payment of taxes many big companies also face financial crises .so it would be financial loss for that country to yield financial profit .
Some countries like Russia and China have also banned Bitcoin

[SHAWN-MIDWAYS]

why some country banned bitcoin?

Bitcoin being decentralized means its difficult to control and if a country allows it, it simply means giving up control, but some counties like Japan are having it under their control through exchanges and traders who act as their proxy of control.

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

Some countries ban cryptos to keep certain crimes under their control, some are preventing people from getting away with money laudering or simply because the govt does want to lose out on revenue.

[Satish147]

The countries are getting feared that their currency can be devalued due to Bitcoin. So they are trying to ban but it's not possible at all.

[Gabmot]

Basically, many countries of the world especially the undeveloped ones falls into this measly category. Why is because many of them have themselves languishing in serious corruption pit. Therefore the governments of these countries think that by allowing Btc and other cryptos, their extortion routes will be cut-short. To save their selfish shelves, they can't allow an escape route for the impoverished masses. What a pity😰

[Bay_Harbour_Butcher]

I think why some countries are banned bitcoin, because the country is afraid of the impact that will occur if bitcoin circulates in their country, such as massive tax deductions. and also they fear bitcoin in wrong use by certain elements

[steven.spearman]

Probably because they want to inhibit the development of bitcoin, and they are afraid of the presence of bitcoin. They think their country's money will be threatened by the use of its users. But that is a hypocritical reason for the size of a country.

[Danglen1010]

maybe they dont know about bitcoin or what is the harvest of the bitcoin

[YTBitcoin]

The bitcoin creates an opportunity for anonymity of payments and if it is impossible to monitor payments, then there is nothing to lay over a tax. The budget of any country is replenished at the expense of taxes. If there are no taxes - development of economy in the country will slow down. Therefore any possibility of the population to avoid payment of taxes is pernicious for national economy. And one more reason: control over transactions of payments is the one more lever of influence and control over the population

To some extent I don’t agree with you. The reason is that the Bitcoin is very progressive currency. Now we live in twenty first century, and the people are well known about new widgets. They know very well where they invest to earn income for their family. Some countries banned the Bitcoin. In my sense they think most the people of their country will involve to invest in this digital currency.

[adem1090]

because, they are idiot. if they support btc or another, they can get good benefits  

[rhayot]

There are some countries banned bitcoin because the government can't monitored the day to day transaction between bitcoin and it is a digital currency, it is hard to manipulate or altered the bitcoin.

[diegz]

There are some countries banned bitcoin because the government can't monitored the day to day transaction between bitcoin and it is a digital currency, it is hard to manipulate or altered the bitcoin.

Do they really need to manipulate bitcoin? I think they don't and won't do that, and definitely won't use that as reason to ban bitcoin in their country. Probably they are banning bitcoin because of people misbehaving and using it in illegal things and that's what they can't monitor.

Besides, they need to hire Professional IT's to work for them so they could monitor bitcoin, and that would be another funding, which I think would become useless since all they can do is watch.

[BigTeeths]

Some countries are just not fit to use cryptocurrencies like poor small countries that are even late when it comes to technology. While most of progressive countries are using new smartphones and more advanced computers, they are still stuck on its first generation  that was released a long time ago.

[endogan]

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 countries forbid bitcoin to flourish. this is triggered by many factors, can be political and other factors. but in fact can not be denied the benefits of bitcoin can make many people more prosperous and independent. but it depends on someone's knowledge. I think in the future there will be many countries that bit the bitcoin into the global currency.

[bitcoindusts]

Some countries are just not fit to use cryptocurrencies like poor small countries that are even late when it comes to technology. While most of progressive countries are using new smartphones and more advanced computers, they are still stuck on its first generation  that was released a long time ago.

I do not think that is the reason.  Everyone, even country big or small are fit with cryptocurrencies.  Countries have rules and laws which contradict with cryptocurrencies.  That is one reason why crypto's are banned in other country.  other just make the ban as security measure while studying it and open its door to these cryptocurrency. 

[Marianmariana]

Daytrading and keeping are generally good. The only advantage of daytrading is thyou simply are always up-to-date on what is going on on the market when compared with long term keeping where you just check them not too often.at