why some country banned bitcoin?

[fayrouz]

Some country banned Bitcoin because they think they can't control the people who want to get in the Industry, they might not know yet how it helps to poor people in their country. Bitcoin helps a lot though.

[merszxc]

In my own words they think bitcoin is scam or they think that the value is very low or they dont know how to bitcoin

[drwhobox]

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

Most of them are scared because they won't even benefit anything from Bitcoin they cannot put tax on it. and some are scared because of it's anonymity that can be the reason to buy some drugs or buy almost anything illegal on the black market. they have no control of Bitcoin.

[Dmitry.Vastov]

Different government have different opinion on bitcoin. Some of country saw the bright side while some of country still disappointed at bitcoin due to some reason and declared bitcoin is illegal at their country. Bitcoin owners don't pay any tax to the government so this could be affects a country economic. Bitcoin also use for smuggling of illegal things. Bitcoin provide a secure method of money transaction with out involvment of third person due to this many terrorist organisation use it for their criminal activities. Directly or indirectly bitcoin support kidnapping, murdering  etc. Due to above reason many country declared bitcoin as illegal

[GuardiollaJosep1259]

It is true that some countries are banned the bitcoin. I think the reason why they banned bitcoin is because of the disadvantages of bitcoin. I think they are focusing to disadvantage of the bitcoin and not the advantages of bitcoin.

[complexMachines9]

because they are scared of it, they know what it will disrupt, get ready for some huge ramifactions im muslim and even islamic states may start to be scared of disruption of the oil economy, maybe this will happen after all this years.

[jamesclark]

I think Bitcoin is rather unpredictable and maybe some countries are worried about the economic impact it could have, especially if the government is not in very good control of the situation.

[raziplab92]

Definitely economy of state is suffering because of bitcoin.People have lot of money in it and they dnt need to pay tax.Everyone is the king here of his own money.Actually thats is big problem and I think in future Experts will find solution to make people pay tax on their Bitcoin..lets see

[m9shn9sh]

Probably, because it is considered a shadow economy. In this case, it is impossible to track financial flows. Because of this, he tries to ban it.

[Sun_light]

Some country can't reached use high technology. Bitcoin user monitoring system can't use many country.so they heat bitcoin.this reason bitcoin bannes some country as much I know.

[lamjed]

Bitcoin start threatening a lot of economical system specially banks and cash money. So, it is a decision that is easily to predict because it is not working in their favour.

[luka red]

bitcoin is unpredictable. if government allow bitcoin, and the bubble blast or price fall then there will be a large shock in the economy. that will make the economy unstable.
bitcoin is decentralized as a result government can not control or monitor the bitcoin.can not get tax.can not impose regulation.
it is impossible to track bitcoin flow.
may be these are the reason for banning bitcoin in some county.
but European union allow bitcoin as well as some other countries.

[umbara ardian]

the state has its own rules. it could be that the country is not ready to risk or they do not want the fiat currency to be disturbed. but please note the state forbids crypto is a country that is not ready for modern technology will be left behind economically.

[jwuanah]

In my opinion, Some countries banned bitcoin because their government dont get any taxes from it. By that their economy will not grow.

[spooneds1]

I think some country banned bitcoin is that the government can not get taxes from it, it could not help their economy to grow. There are also country that does not use modern technology to be used.

[davinchi]

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 because not all country's believe in bitcoin and they do not trust it also it is very hard to actual believe something that can give you this easily profit.

some countries technology not developed to control over bitcoin. But i don’t think so now days it is modern age every country have some sort of good technology to control bitcoin. By controlling you means blockchain technology and mining.

You means they don’t control over blockchain technology and mining. Yes many countries have skills capital and employees. But i think they fear it can crashed his country economy. In actual move it can help country economy.

[VeeraS]

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 because not all country's believe in bitcoin and they do not trust it also it is very hard to actual believe something that can give you this easily profit.

some countries technology not developed to control over bitcoin. But i don’t think so now days it is modern age every country have some sort of good technology to control bitcoin. By controlling you means blockchain technology and mining.

You means they don’t control over blockchain technology and mining. Yes many countries have skills capital and employees. But i think they fear it can crashed his country economy. In actual move it can help country economy.

I agree, however some countries will not involve bitcoin in it. the main factor as you say. too risky and very vulnerable.
and in some developing and poor countries, politics is involved because most of the officials are corrupt

[Joylee]

Yeah, some countries banned bitcoin because there are no regulations for bitcoin transactions, unlike bank transactions. Also, people don't have to pay taxes while bitcoin transactions, that affect the economy of that country. That could be the reason why some countries banned bitcoin.

[Core.BUSTER]

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

One of the problem why they banned bitcoin is tax. Furthermore, bitcoin is a kind of money that you can used without any tax and it is a tax free. Bitcoin is also decentralized where no one can control it or manipulate it. I think the biggest problem of country why they banned it is being decentralized of bitcoin.

[Hopeful2017]

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 people are now fully working in Bitcoin. Just stat at home and there, work in bitcoin and have money. Government cannot use the people to work or do labor. Also, the tax is one factor.