why bitcoin is banned by the government

[Chikitita2004]

The user benefit but not the crocodile government officials, and the country also does not benefit from it, not even tax, so the government decides to eleminate something that does not benefit them. And another thing is, because of bitcoin’s characteristics, they say the government is protecting its people from possible fraud, loses and risks of loses. But for bitcoin users all their point of views are all useless. 

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[thet]

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 the government banned the used of bitcoin simply because they cannot control it, cannot trace the transaction and they cannot implement their laws with it.

[dulce dd121990]

I think nobody can stop bitcoin. Those who have banned bitcoin would reverse their decision soon.

Yes you are right. Some country who actually did not ban bitcoin but never regulate this instead. Those country who did not appreciate bitcoin has already change their decision and are starting to regulate the bitcoin and other cypto currencies.

[BrandeXMRLOVER]

Wich gouvernment banned bitcoin bro?? I think its very difficult.

[zander09]

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 the government banned the used of bitcoin simply because they cannot control it, cannot trace the transaction and they cannot implement their laws with it.

Yeah government can not control bitcoin it is decentralised and no one can control, but the sad thing is how they use bitcoin in their country if bitcoin banned to them.

[Janademir4]

there are a lot of reasons the government in various countries to ban bitcoin such as, the government taku bitcoin in use for money laundering of corruption

[FullMooon]

Government dont want competence to other currencies they want to monopolize the use of their own currency. because their currency help them to grow and has a tax that helps the community the people from their everyday life. Banning a bitcoin or any crypto currency is one of the best way cause they cant get tax to it. Even though its convinient to use.

[Majharul Saiif]

It totally depends on the mind of government. Basically, many government had already accepted it.But it is a matter of sorrow that maximum government don't accept it.In my opinion, those type of government thought that the economic slowdown will be done by it and people will do many things by anonymously via Bitcoin.For those reason, Bitcoin is banned by the government.

[Ikay]

I dont think so why they banned bitcoin from there country. What I can say is they banned it because they cannot hold bitcoin by their self and they cannot get the full amount of tax from bitcoin and to the users so it will happen to any country if they want to control bitcoin and they cannot do it. thats base on my opinion.

[Zabrielle]

I think the reason why the bitcoin is being ban in some other countries maybe because the government cant have a full control over it. Since bitcoin is decentralized and the anonymity of the user cant be trace up by the authority incase of any illegal transactions. I guess the government is also afraid that bitcoin might be use in terrorist attack since the user or owner of cant be traced up.

[kurt1212]

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

Their are government implement their law about Bitcoin because some of their people abused using Bitcoin. They don't think that be responsible in everything and anything.

[Trivelius]

there are a lot of reasons the government in various countries to ban bitcoin such as, the government taku bitcoin in use for money laundering of corruption

May be it is true, but i think that it cannot be the only reason for that but i think that there may be so many other reasons which ca cuase the price to be banned by the governemt. I think still most of the states do not passed any law against bitcoin and still they may be thinking about to passed a law about bitcoin and turn it as legal currency .

[GoodLuck2]

The user benefit but not the crocodile government officials, and the country also does not benefit from it, not even tax, so the government decides to eleminate something that does not benefit them. And another thing is, because of bitcoin’s characteristics, they say the government is protecting its people from possible fraud, loses and risks of loses. But for bitcoin users all their point of views are all useless. 

Those governments that are sincere with their public and are honestly working for their welfare have made bitcoin legal soon after its creation such as Japan, USA and so on. But those whose government personnel are just concerned about fulfilling their bank accounts and are involved in nepotism, corruption like evil deeds, they are reluctant to make bitcoin legal. Bitcoin is the currency of future and we should not ignore it.

[daarul50]

The user benefit but not the crocodile government officials, and the country also does not benefit from it, not even tax, so the government decides to eleminate something that does not benefit them. And another thing is, because of bitcoin’s characteristics, they say the government is protecting its people from possible fraud, loses and risks of loses. But for bitcoin users all their point of views are all useless. 

Those governments that are sincere with their public and are honestly working for their welfare have made bitcoin legal soon after its creation such as Japan, USA and so on. But those whose government personnel are just concerned about fulfilling their bank accounts and are involved in nepotism, corruption like evil deeds, they are reluctant to make bitcoin legal. Bitcoin is the currency of future and we should not ignore it.

I wonder, why until now only developed countries that can legalize bitcoin for use by the community? Whether other countries do not want to go forward like the two countries already mentioned above? I think if other countries do not immediately follow the two countries to legalize the bitcoin it will not affect the bitcoin users in the country because even if the government declares banning bitcoin then its users can still use bitcoin so banned the government would be in vain if they not to legalize bitcoin.

[Barbarian]

It's simply impossible for any government to ban or punish the POSSESSION of bitcoin: the are just points of a strange videogame.
But, of course, governments can make very hard to exchange bitcoin with fiat money, an this is what happens now.
But with a little attention, any ban in this sense can be bypassed.

It is very easy for them to ban it what it is going to be difficult is to enforce those laws that ban bitcoin, however make no mistake if bitcoin is banned in your country and you are found being in possession of it you are going to be punished that is why if bitcoin ever becomes illegal in my country I will sell it since I do not want to have any problem.

[lvincent]

Maybe because it is decentralized and something they can't control, some countries ban bitcoin even though they're seeing it's potential but they are scared because bitcoin is decentralized abd there are a lot of other reason why government is banning bitcoin they just don't want the public to know about it.

[Emitdama]

I think the government now will thinking more about bitcoin because they see that the people still want to invest their money in bitcoin and perhaps the governments will not ban bitcoin and will allow bitcoin to be used by the people. but I see that there are a country that still bans bitcoin and I think if the other country giving their permission to bitcoin, then that country will release the ban and will allow people to still use bitcoin.

Bitcoins are banned by governments mostly, only few countries are there who legalized it to be used within their country boundaries. Governments know the advantages of these crypto currencies and especially bitcoins but the only reason they don’t want to let it legal that they will not be controlling the economy produced by them. As they are decentralized so no one can control them.

[Cryptomagnus]

It's not still officially banned (actually, bitcoin doesn't "exist" as money, until it's not changed in fiat money), but for sure there is a bloody campaign against bitcoin, and we see daily the results.
We'll see, I'm very positive that bitcoin will resist.

[rowel21]

Government aimed for  taxex and btc is using crypto  and blockchain no  government can handle this  when  all people use btc in a country wich the government has no control  where do they get there funds for all the projects that they want to do that's why they have  fear in the crypto but in Korea they put taxed in trading and they can put some bigger charge in all remittances where we cash out our money

[copypaper5]

Actually bitcoin is very helpful once the small community economy ..
The reason the state forbids bitcoin is to apply the principles of prudence, safeguarding business competition, risk control, and consumer protection.