Why do some governments prohibit bitcoin circulation?

[HBT_HE]

In my opinion, I think bitcoin flow is very good, help to diversify the economy, help the economic development, very good!
What do you think?

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[BitcoinIsAlgebraic]

Some countries are just scared of the power Bitcoin gives to them and the lack of power it gives the government. Some fear it because it can't be regulated easily and it can be funded for malicious things.

[SUDARMONO]

I also strongly agree with your opinion that bitcoin is very helpful in economic growth, for example me myself, I was in the financial field very unable to buy goods I wanted, but after I know and live and understand bitcoin I can get and feel the results of bitcoin, I'm now able to buy the luxury goods I want, and I'm free and free of finance.

[mk4]

Some governments of certain countries doesn't like bitcoin probably simply because it's a currency whereas they have no control upon. Also, knowing that bitcoin wallets/addresses are anonymous to an extent, they probably couldn't receive taxes from people doing eCommerce with bitcoin payments.

[Erkallys]

Because in the world there is a plague called leftism. This plague, combined with all its derivative, socialism, communism, has just one thing in its idea : enslave its own people. For example, communist countries ban about everything that could make people get out of the power, because they could revolt. That way, better keep out of the country anything that could open their mind or brake their chains. Bitcoin brings financial freedom, from which come all the other freedoms, so definitely an ennemy for these countries.

[xiaoweidada]

Because bitcoin is free and state-controlled, some countries think bitcoin can affect the economy. Bitcoin is anonymous, so some criminals can use bitcoin to make some criminal transactions, and the state is not good for management. Therefore, some countries do not like bitcoin.

[BitcoinHodler]

do you actually know any countries that have actually prohibited bitcoin "circulation"?

because so far i have seen exchanges being banned, ICOs being banned, banks being banned from investing in bitcoin and even banning businesses from accepting bitcoin. but never "circulation". maybe you are calling one of these as circulation.
and the number of countries doing that is too few. and some of these bans are perfectly justified. like banning ICOs (since they are indeed illegal).

[zenrol28]

Is this the same with "why some countries banned bitcoin?" thread?

Because everything beyond their control gives fear to them. That's why they keep on denying bitcoin's existence. They have no control over it.

[smajler]

Bitcoin is digital currency which is anonymous. Thanks to her we do not have to pay tax and there governments sees the problem.