why some country banned bitcoin?

[Louie6789]

All bad guys can transfer and receive money easily. Taxes is also the reason that why they banned them only bitcoin wallets can pay the taxes but the holder cant.Its not banned anywhere from what I know of, can they stop people to buy it, sell it, I don`t think they can. Before commenting search a bit more about topic and then make a comment, like this you just create mess and fill the forum with unnecessary informations, that are not truth by the way.

[Elijah1980]

 Every country gets a big amount of money as vat fir each transaction of money. People have to give this money. As bitcoin is free transaction system, people are using this coin vastly. And for this the banks and the countries are at loss. As bitcoin system doesn't need any real identity of the user, the security issue for the country harms. Actually, I think that Governments just ban ICOs in short-term. They just need more time to regulate Cryptocurrency and tax from it.

[antosionta]

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 country banned bitcoin because their government.
They do not want the banks on their country is replaced by crypto currencies.

[anything9ce]

what!
that's just like refusing to accept change, trying to remain in the past cause bitcoin is the future its coming to take over, i think must country banned bitcoin just because of tax,they just don't no the means to collect tax

[Reuben89]

 There are always the fringe who do not accept new technology for whatever reason.The government if they found a case that some criminals use bitcoin as the method for them to move their funds, could simply taking advantage of the already existed bitcoin blockchain explorer, so that's not the right reason you mentioned.

[Falgorn]

There are countries that are afraid of crypto currency due to volatility, decentralized nature, which is perceived as a threat to the current monetary system and associated with illegal activities such as drug trafficking and money laundering.

[ArloArlo]

They want to effectively be in control of their money's movement in and out their country of jurisdiction. These reasons are valid enough to ban the proliferation of Bitcoins.If you want real anonymity with network payments, you should use coins which don't have public ledger at all, for example, byteball. It allows truly anonymous and private transactions between two parties which don't get written anywhere.

[CuteBaby123]

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

Countries that banned bitcoin are commonly threathened in the presence of bitcoin because it is decentralized and has the freedom financially. These countries also wanted to take control all the activities in their countries especially so that bitcoin cannot be regulate in terms of taxation.

[HugoHugo2]

If extra currency flow in economoy its effects in total economy and general public suffer for it. Bad people can easily do their work when they have extra large amount of money.I think many country don't accept cause he don't want to come in world currency and digital currency. many country think bitcoin effect her money lander.

[Rappyboy]

Well most of those countries did not really ban bitcoin, what happened is they are afraid of the power behind the technology, that people might get so greedy and situation get out of hand, due to its not regulated and can be use illegal transaction.

[ethan9990]

Because they can't control Bitcoin. It's a kind of anonymous money. People use it don't have any information. Government can't know and tax from them.

[loof99]

I think the reason behind why other countries banned bitcoin is because of other bad people use their services in illegal or fraudulent activities which ruined the reputation and name of their company.
I think the bitcoin should do some actions from this acts.

[boddy.dy]

Every country has different rules that they are implementing. They also have different believes that they follow. This is the reason why some countries banned bitcoin because this did not pass on their standards or it did not follow the rules that they are implementing. All countries definitely want to have a profit on something that are running in their land. Unfortunately some countries sees that bitcoin will not give any profit to their country that’s why they just banned it. Some countries says that bitcoin was been used in illegal transactions like payments for items in black market which forced them to totally banned it to their jurisdictions.

[Irsanhadi]

perhaps the right rule does not exist to legalize bitcoin so some countries forbid it and still consider the negative impacts such as money laundering, easy drug transactions.the bitcoin users can not get taxable this may also be the cause. so the country is afraid of tax revenues decreased if the community played bitcoin.

[Tsugihara]

probably because bitcoin is not controlled by government agencies because using a system of blockchain and bitcoin can also be used crime and terrorist crimes

[toygama]

They afraid not to get taxes from this business and their economy not ready to absorb the entire system. In other side, the revenue enyoy by the people practicing bitcoin are used to buy goods that help circulate the economy of certain community.

[rainezerr]

They afraid not to get taxes from this business and their economy not ready to absorb the entire system. In other side, the revenue enyoy by the people practicing bitcoin are used to buy goods that help circulate the economy of certain community.

You are somehow right, bitcoins is a digital currency and they will not get any taxes from it, therefore people will become wealthy easier by just investing and they did not need to work on the corporate world and earn just a small amount of salary. This are the reasons why governments are so afraid of cryptocurrencies growth because they will lose workers on their companies.

[bapetdik]

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 also still do not quite understand why they are afraid of this. Probably because bitcoin is against the bank so there is no tax for this. that's just my opinion. Though I think people can improve their finances with bitcoin, it is a positive thing.

[beezare]

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 have banned bitcoin and do not accept bitcoin as legitimate payments because they are worried bitcoin will be used for crime and bitcoin is a digital currency whose movements are unpredictable so that it can make user losses with fluctuating prices

[Boromon]

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 banned bitcoin because first of all bitcoin doesnt give you taxes so that it is not good to government so they ban it. and people who do corruption can hide their money in Bitcoin. But the big problem the government can not  control bitcoin.