why bitcoin is banned by the government

[Freddie Aguiluz]

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

For me bitcoin is banned because it can kill the economy of a country. It can make all banks close. But aside those things, bitcoin is still usefull and many people use it and benefit on it,

[Gladz29]

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

Not all government banned bitcoins.  Their are several governments only.  Because they want ban bitcoin,  most people are very abusive to used bitcoins.  They used to the bad things so the government have no choice they banned bitcoins.

[Budugbass]

The point is a concern. still seen many negative sides that are still visible in bitcoin. From some sides of the excess, sometimes it's thought will have a negative impact to the country, although indeed helping people to earn money / as a job. However of course the people who are live not only a good people, there are will still be the people who are otherwise.. that can take advantages of bitcoin excess to do some negatively activities.

[zergenyt09]

The government doesn't want to have an distraction for their leadership in their country because if they will let a currency that is decentralized to take over their country then they will be on a risky situation because the people will not use the fiat more often and they will just depend on the decentralized things which will make the government powerless.

There is one famous etching in politics, always make your people dependent on you and they will be listening to your every stupid talk you say or very stupid action you perform because they are dependent on you.

Same thinking lies in here when these politicians are asked why they don’t allow bitcoins to be a supreme currency of their country. They are afraid of bitcoins that they will give freedom to people.

[iamsunny]

Bitcoin might be use for illegal transaction. Many people might be scammed or even the government.

[Kalemder]

Bitcoin is shaking the authority of the states. That's why they do not like it. Money is power, let's not forget it.

[ashfer]

Bitcoin is not banned in my country here anyone can use btc or whatever they want.In some countries the government banned bitcoins and all i got to say , about that government is that they are losers as they have banned the citizens from using one of the best investment goal which could help them improve their financial side as per my view if a person grows up financially he himself is contributing his part of financial affluence for his own nation as well  because if you check for yourself if an investor get profits from their investment their profit will be cashed and it will be converted to cash and nobody store it as btc when they get profit as the profit can be utilized only when it is converted to cash .The ban happened as the government did not have much idea about btc and they tried to impose their rule but they cannot do anything on it as it is not something which is coming under any government and banning it does not affect the business of btc on long run.They don't realize the loss that they have by imposing a ban.

[Joyceshiroor]

Governments can ban Bitcoin, but the ban cannot be very effective. So, typically, they use other means to discourage Bitcoin ownership and trading.

But more to the point, what is the reason for these efforts to discourage use? Are the reasons and goals practical and legitimate?

Does Bitcoin present a threat to sovereignty, control of the domestic money supply, borrowing, inflation, foreign exchange or fiduciary institutions? Yes and No…

Gradually, lawmakers in some countries are beginning to perceive Bitcoin as more of an opportunity than a threat. There may be no need to dissuade citizens from adopting Bitcoin, even if the populace saves or spends it as actual stored-value cash and not just as a payment instrument.

[reynilynedago]

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

Some of the country banned this bitcoin . Is it because they dont believe in bitcoin and others used this for corruption or anything that mighy give negative image of a bitcoin. They really wrong because for it gives lots of oppurtunity to those users of bitcoin.

[Nylelyn]

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.

Exactly, because the government is aware that bitcoin is widely popular and has many users. However, it is quite difficult for them to have control over bitcoin users  because it is decentralize in nature. They won't get so much collections and revenue from it right now so what they are trying to do is to ban it, not considering the positive it gives to its people.

[Sled]

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.

Exactly, because the government is aware that bitcoin is widely popular and has many users. However, it is quite difficult for them to have control over bitcoin users  because it is decentralize in nature. They won't get so much collections and revenue from it right now so what they are trying to do is to ban it, not considering the positive it gives to its people.

The government are just afraid of the possible things that might happen if they will accepted bitcoin because there is a lot of cases for bitcoin that it is getting a lot of attention from the criminals because of its anonymity that they can take advantage of because they can just send illegal transactions through bitcoin and stay undetected.

[owates]

Government always want to be until and they don't like people making money without them being in control and collecting their taxes that's why most of the country's are banning bitcoin while others are trying to regulate in order to benefit from it

[Xw73]

Some countries banned bitcoin because they see bitcoin as a big threat to their economy. Bitcoin and other cryptocurrencies like Ripple and Ethereum are under threat from governments who could ban the digital currencies. However, Bitcoin didn’t give up. It came up stronger than ever increasing and reach the highest value last year.

[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

For bitcoin is banned by the goverment because they doesnt want other organization like bitcoin to change the economy rate of their country . They banned bitcon maybe because its a threat for the economy of a country.

[tats14]

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

Well bitcoin is not easily be banned , it is depend upon the situation of a country, bitcoin is a popular digital currency all over the world and it has many using bitcoin in all other the country and it cannot be easily banned.

#ico.savedroid.com

[BountyX]

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

This forum would be a much better place without this sort of shitposting - this OP makes totally no sense in English, and it's ridiculous that so many people are even replying to that.

[nara1892]

Bitcoin is banned in my country because government say that the price of bitcoin is not stable (they think it's not good to use then), and because bitcoin has no physical form (probably the think it will cause some problems like fraud or kind of thing).

[Babayega31]

Why believing on that? Do you think government can stop their fellow men to use crypto? I think no since people can find ways since we all know bitcoins are profitable business stake by them and surely government will just ignore it for longer years since Bitcoins is not a treat and not big issue to handle.

[RKSummer]

our government reason is corruption, money laundry, also drugs. i dont know why only bitcoin get banned..

You have a point, why only bitcoin get banned, even a fiat currency is used in some illegal activities? Maybe the main reason why they banned bitcoin is they are afraid that it will affect the financial stability of their country, because they can't get any tax from any bitcoin's transactions.

[snedyolo]

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 guess the government officials just fear what and how would bitcoin affect the country they are in. This is why they are quite cautious when it comes to implementing and accepting something in their countries. Although, I do hope that the governments around the world would soon accept bitcoin.