is there any economic effect for the country or bitcoin users

[daarul50]

Maybe the country that prohibits the use of bitcoin has the idea that bitcoin can be a threat to their economy, especially it can cause the country's official money not to be attracted by its citizens because if bitcoin is accepted in the country then its citizens will switch to using bitcoin and leave their country's official money to make various transactions. Maybe the effect on the economy is not so significant, but in my opinion, if the ban really has been carefully considered by the government of a country then they already know the risks going forward. that way, inevitably the citizens must obey the regulations issued by the government of their country.

[awawo]

Well some countries are afraid of the freedom bitcoin and other cryptocurrencies offers it users and they think by allowing crypto to thrive it may allowed for easy money lundary which may have negative effects on the economy of those countries and at that the government sees cryptocurrency as a threat to it economy. But apart from this superstition believe I believe the digital currency if allowed will help the bust the economy.

[bitbunnny]

I would say no. To have some official effect on economy of certain country it should be regulated there and formaly part of economic system. So far that isn't the case so  the effect could be only on personal level, maybe to improve their personal finances.
On the other hand governments and central banks are still afraid of possible illegal activities connected to Bitcoin and cryptocurrencies in general as well as their volatility and unstable nature so I don't think that so soon cryptocurrencies will become fornal part of economies.

[Mometaskers]

I haven't checked each country but I'm assuming that the effect is not large since bitcoin is still not widely adopted in those countries, at least not in open (for example people use it in Venezuela despite the ban).

That's not a new scenario in the world of crypto since some country is banning crypto and recently, France. On the other hand, South Korea bans crypto markets for tax evasion. To sum it up, these countries are afraid that cryptos can cripple their economic growth and can be use against them as cryptos can be used to fund terrorism and another illicit acts.

They are afraid about the former not the latter, they are going to use the excuse of crime to make people do as they wish the same way they have done for years, but the real reason is they are afraid that people will one day wake up and realize the scam economy in which they live, where the rich get richer by doing nothing while they have to waste their lives just to earn a few dollars.

True, fiat and bank secrecy does better at funding terrorism, especially state-sponsored terrorism. Really interesting that it's banned in Venezuela and North Korea whose citizens could best benefit from bitcoins coz of the sanctions on the country.

[ReiMomo]

As a bitcoin user being in a country where its yet to be legalize bitcoin, have benefited much out of bitcoin and other crypto currencies earnings. Yes, it has lot supported me clear my financial issues. As like me, i am sure there are so many who have enhanced and enriched their lives with bitcoin earnings. If a citizen is becoming wealthy, obviously the country has to send less energy for the citizen. i

[gowobonyok]

there is no effect on the country's economy, because bitcoin is not related to the government. it's just that the government is worried because of the fluctuations in the crypto market, and is worried about its users, nothing more.

[Cashi]

there is no effect on the country's economy, because bitcoin is not related to the government. it's just that the government is worried because of the fluctuations in the crypto market, and is worried about its users, nothing more.

If crypto leads to a fairer distribution of money (rich people have less money and poor people have more money) this can help to increase the purchase power of the people. More people will be able to buy what's positive for stores and manufacturers because they sell more products. 

[demonz666]

of course bitcoin can have an economic impact on its users. can be a positive or negative impact. if that person buys and sells bitcoin at the right time it will get economic benefits. otherwise if you buy at the wrong time you will get a loss. and some countries prohibit bitcoin because they are afraid that bitcoin can threaten their banking system. and also they think bitcoin is a bubble that will erupt and fall. so they prohibit bitcoin so that its citizens do not suffer losses. but this is wrong thinking. because bitcoin is not a bubble and can actually provide job vacancies for unemployed citizens. and this will have a positive impact on the country.

[sirminesalot]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

with the prohibition of bitcoin or crypto currency by the government, I don't think at this time it will affect the country's economy but if the government does a ban that will endanger the economy of that country

[PlusOne88]

Certainly there is. Just take a look at bounty hunters who worked for a certain ICO project. The person say doesn't have any but after he receives the equivalent amount of money from bitcoin as payment for his on bounty. He then uses the money to buy for himself a living or perhaps to start a small business where if successful he can then provide for himself daily and that is because he earned money from bitcoin. There are so many individual who have made riches just because of bounty hunting in our locality. Though for now bounty hunting earnings had dropped so much after the bearish trends plague the digital market with continuous dropping prices.

[Canoppo99]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

When Australia made bad regulations about cryptocurrency taxation their national income from fintech industries was decreased. The same thing will happen if there is an attempt to complicate the use of bitcoin including banning. It can hamper economic growth in this important sector.

[D3m1r4wanti]

people who have bitcoin are very little of the percentage of all people in this world, the amount is not big. I don't think this has a big effect on the economy, unless bitcoin is accepted in all countries.

[onecall123]

people who have bitcoin are very little of the percentage of all people in this world, the amount is not big. I don't think this has a big effect on the economy, unless bitcoin is accepted in all countries.

My fantasy is for that to happen as early as possible. Clearly it won't take off until bitcoin turns into a decent use case for financial transactions. The development still going on, its simply course of time that each retailer acknowledges it and favors it.

[Loopper]

people who have bitcoin are very little of the percentage of all people in this world, the amount is not big. I don't think this has a big effect on the economy, unless bitcoin is accepted in all countries.

My fantasy is for that to happen as early as possible. Clearly it won't take off until bitcoin turns into a decent use case for financial transactions. The development still going on, its simply course of time that each retailer acknowledges it and favors it.

It doesn't really have a bad impact on real currencies with BItcoin prices which are declining now. I think Bitcoin is more based on rising or falling dollar prices.

[dat.ho12492]

people who have bitcoin are very little of the percentage of all people in this world, the amount is not big. I don't think this has a big effect on the economy, unless bitcoin is accepted in all countries.

Agreeing, with the low number of users in each country, the ban on the use of bitcoin or crypto, it does not bring about too big or negative effects on the economy, unless everything is like you say, if bitcoin is accepted and used universally, the ban will have a huge impact on the economy. However, we will need a very long time for the government to manage and allow bitcoin to appear in everyday life, current ban from the government is too useless when they can not manage all activities with Bitcoin, Bitcoin users can still operate very comfortably

[SaShiRaJaVu]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

If there is a blatant ban on the use of bitcoin people who are interested in trading in bitcoin will find a way to overcome the ban ,no government can completely ban the use of bitcoin or its transactions, either they have to come up with a regulation to restrict any fraud being conducted using the platform and they should encourage strict know your customer policy so that nothing is left unturned rather than putting a restricting the freedom of any investor.

[PuertoLibre]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

If there is a blatant ban on the use of bitcoin people who are interested in trading in bitcoin will find a way to overcome the ban ,no government can completely ban the use of bitcoin or its transactions, either they have to come up with a regulation to restrict any fraud being conducted using the platform and they should encourage strict know your customer policy so that nothing is left unturned rather than putting a restricting the freedom of any investor.

Third world countries don't understand the mechanism of blockchain and bitcoin. That's why they think banning the cryptocurrencies and crypto trading will help to keep local money circulation in the country. Ban evasion will help crypto enthusiasts to continue the trading with different softwares like VPN, proxies. Economic development is not restricted by money flow to the cryptocurrencies.

[Dessy88]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

in my opinion the economy can affect crypto currencies but crypto currencies cannot affect the economy of a country because in my opinion the state has not fully provided the legality to be a crypto currency as the applicable currency

[hen cet]

people who have bitcoin are very little of the percentage of all people in this world, the amount is not big. I don't think this has a big effect on the economy, unless bitcoin is accepted in all countries.

In my country, bitcoin owners are not free like in other countries like the US or Japan, because the status of bitcoin is still gray, it is not prohibited for investment but is prohibited from being used for payments. So the effect for the country in my opinion is not there.
However, for bitcoin owners who have been chasing since the beginning, many are now millionaires because they are loyal to collect bitcoin when the price is still cheap and they sell it in 2017. The results they get are invested in buying agricultural land, building houses and investing in education.

[mirawantirinjana]

economic effect? of course with the existence of bitcoin and other crypto currencies have a positive impact on as many people as possible in their economic lives, although some of them do not suffer a loss. profit or loss is an economic impact.