why bitcoin is banned by the government

[Freshmen]

I think for some other country they are banned it because of the anonymity and decentralized use of bitcoin no owner so if someone having issue in bitcoin no one could report into the police to investigate ..

Some government believes that it is too bad, and is not good to be allowed in any country, and one of the reasons being that Bitcoin users does not pay their tax, and uses Bitcoin as a way to avoid paying tax. In some countries it may seem to them like a rip off from their economy, when they feel like they are losing. There can be various reasons why a government will choose to ban Bitcoin.

[hajimasan]

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz

It is a bitter truth in the Bitcoin's life where at one side we are getting lots of success to make money and also we are improving the nation with the paying taxes to use the bitcoin but in actual many government authorities are looking towards the negative factors of the bitcoin and another cryptourrency , they are saying that the flow of money is unlimited from one country to another without any pay of tax , but they are not thinking that the money flow is also incoming which is giving profit to the Economy of the country .
Well here we can support bitcoin at every petition and also can explain every people in our community about the bitcoin positive factors, so that in case of any action against the bitcoin make the people to support the bitcoin use and also here we can see that we are growing much faster economically with the use of the bitcoin and also we are connecting to ourselves to the international market easily with the bitcoin payment .

[KnightinPink]

I think but im not sure about this but i think its because they cany put taxes in btc

[Choyor]

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz

Each country has its own economic rules and regulations and each country has a different point of view on Bitcoin. As for countries that forbid Bitcoin there is a possibility that they assume that Bitcoin is incompatible with the rules and regulations of the country and considers that Bitcoin could interfere with their economic system that they have packed in such a way.

[Crypto Vitriol]

Because bitcoin is something out of banks and governments control, and obviously they don't want to lose their power.
 

[Alpinat]

I can say that this matter is a simple problem but it has many forms and reason one of it is because they cannot put TAXES in so many bitcoin users in the world and also one of the most reason is that they cannot accept the fact that they can't manipulate the price of it.

[Condoriano]

It is not totally banned and government is not totally supporting it as well. Government has nothing to do when it comes to bitcoin since it was created by a different party.  Bitcoin can also potentially used for corruption or illegal activity since transactions can't be easily track. Government is not a company so I doubt that they will take the risk when it comes to crypto.

[micloop]

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz

I think government can't stand against Bitcoin because it is a lost battle, users will keep using no matters how they ban it. Banned exchanges? Good! We transfer p2p or others ways. Is it criminal now? Good! No ones can determinate if you have or not a bitcoin. So, everything that government doesn't control, they're afraid off.

[danim1130]

There are so many people in some country that has a power trying to ban bitcoins in their countries because i guess it ruined their taxes collection people finds a way to send money and earn money and doesn't paying for a tax. thats why government trying to ban bitcoin.

[jacksonmark30]

I agree that this is mainly because the govt can't tax Bitcoin transactions... This will make the govt lose potentially Billions of funds for projects.

[stephylarde]

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz

They may want to ban it, but it is nearly impossible to carry on effective measures to implement that decision. In essence, they just don´t like people with too much economic freedom.

Governments probably cannot shut it down through "technical" means, hacking the system, thus crashing the value or preventing it from working.

[snipetr]

Traditional currencies are issued, controlled and regulated by the central bank of that country. Volatility of such currency is regulated by government. Bitcoin is a decentralized, digital currency. It operates on peer to peer exchange system, so no third party interference is needed. So governments of many countries have fear that bitcoin may affect their fiat currency, so they put a ban on such decentralized currencies. Bitcon`s decentralized nature is increasing its use in criminal activities. Australia, USA, Japan have found use of bitcoin in drug trafficking, money laundering and also in terror funding activities. So these countries banned bitcoin from their economies.

[zhelis74]

There are so many people in some country that has a power trying to ban bitcoins in their countries because i guess it ruined their taxes collection people finds a way to send money and earn money and doesn't paying for a tax. thats why government trying to ban bitcoin.

Yes, maybe that is the hidden reason of why they want to ban bitcoin because they cannot get an income tax or even in a money processing since bitcoin is having no central control. Government try to figure out to the public that bitcoin is prone in criminality and corruption because it is transacted anonymously, but for me i don't think so because as i see bitcoin as a financial miracle.

[1Referee]

I agree that this is mainly because the govt can't tax Bitcoin transactions...

They can to a large extent. If a government forces every exchange to submit people's results on a yearly basis, they'll be gaining a whole lot tax income quite easily. I wouldn't even be surprised to later find out that exchanges are transferring data to the IRS already right now. South Korean exchanges are about to face these sanctions already, and I am pretty sure that western exchanges will follow too very soon. Big brother is watching you, and that while people don't even realize it. It's a scary thought, but not one that's unexpected. It's no secret that the majority of the people aren't paying their "due" taxes over their crypto holdings and profits. The government will take it out of you as result of that.

This will make the govt lose potentially Billions of funds for projects.

Lol. If crypto wasn't a thing at all, the governments would just continue their normal activities like they are doing right now, so what are they exactly losing? They are taking people's money by force, so it's more a form of theft in reality. The government punishes its people for theft, and rightfully so, but who punishes the government for their theft?

[wuvdoll]

I think for some other country they are banned it because of the anonymity and decentralized use of bitcoin no owner so if someone having issue in bitcoin no one could report into the police to investigate ..

Some government believes that it is too bad, and is not good to be allowed in any country, and one of the reasons being that Bitcoin users does not pay their tax, and uses Bitcoin as a way to avoid paying tax. In some countries it may seem to them like a rip off from their economy, when they feel like they are losing. There can be various reasons why a government will choose to ban Bitcoin.

The reason you have mentioned are probably true but what are the effects the ban by the government will bring into bitcoin and its growth ? If they are getting clear idea about the consequence of banning bitcoin then definitely they will not bother about any regulations about bitcoins.

Yes, when people start using bitcoin as a currency and start dealing between them for their daily life's needs then government will not find any chances to regulate/ban bitcoins. It is a basic human right to accept any medium of exchange for their services and goods hence government will not able to intervene here.

This is what going to happen with bitcoin system in very near future and after that we can see governments are getting silent about bitcoin.

[nightxglow]

Because those countries don't believe in bitcoin.
Bitcoin is anonymous, and there's no one that can control it, and therefore they think it might be dangerous since there's no protection about it.
Government can't do anything if there's a scam, they can't be responsible because they don't know who to deal with, and also it'll be dangerous for the banks if bitcoin is growing so big, and may be overcome cash.
It can disturb many things, and economy may be unstable if banks disappear. Although it's not a good thing to ban it, because bitcoin is great, and many people feel advantage from this.

[lamjed]

Bitcoin represent a revolution in the economic world and it becomes a real threat to world's economy. It offers a lot of things that can help people to earn money easily. Not only that, but also we can have a virtual banks with a very low fees and taxes so government to protect its self work on banning bitocin.

[Pasaway2701]

I think for some other country they are banned it because of the anonymity and decentralized use of bitcoin no owner so if someone having issue in bitcoin no one could report into the police to investigate ..

Some government believes that it is too bad, and is not good to be allowed in any country, and one of the reasons being that Bitcoin users does not pay their tax, and uses Bitcoin as a way to avoid paying tax. In some countries it may seem to them like a rip off from their economy, when they feel like they are losing. There can be various reasons why a government will choose to ban Bitcoin.

The government have the right the use of bitcoin in their country because some users become abusive and use it in doings that is against the law. Even we cannot pay taxes for bitcoin in the government directly,  we can pay tax in other way.  They add taxes in every goods and services we take. We are also contribute for the growth of the economy.

[Bagaji]

is not that bitcoin able to change the state of its users which effects also on the state of the country's economy, why even banned hemzzz

Countries that made an attempt to ban Bitcoin or has ban Bitcoin did so because they believe that crypto currency in general has negative effect on their economy and that is beyond them to control because of its decentralized nature without knowing that it will do their economy good if they allow it to be used in their country.

[ajmapalo22]

I only see one reason why government banned bitcoin it is because they are afraid of losing power over the economy because of the idea that bitcoin is decentralized and does not need anyone to control it and because government couldn't find any way to regulate bitcoin in the market what they do is to banned exchanges and prohibit the use of bitcoin in their market and surely as long as they could not find way to control cryptos this will continue in the future