why bitcoin is banned by the government

[beezare]

the government forbids bitcoin because they fear bitcoin will be used for crime and bitcoin can make its users lose money and they can not do anything and can not control bitcoin

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[Chrisjay29]

Bitcoin banned by government. It because they heard lot of scam in bitcoin. Scam make the bitcoin reputation lose they dont think that if bitcoin will gone because no body tust there source of income will gone. Thats why we should take care of bitcoin before it too late. And also goverment didnt understand how bitcoin work.

[g-unit]

Bitcoin is banned by the government because of desire to control financial flows. Cryptocurrency transactions are safe and anonymous and can be used for illegal purposes. Governments can't allow this. That's why they make different legislative procedures to be able to control cryptocurrencies.

[kolbalish]

Government is all for a country as a leader.Government can strict or force anyone to maintain his or her rules for country.Many government hate Bitcoin.May be they think that the economic slowdown will be happened for Bitcoin and the money will reserve in this.Many crime will happen.I think those are enough to understand this.That's why many government banned Bitcoin probably.

[Wipeout2097]

Bitcoin is an independent and autonomous it doesn't need of third party,Government can ban it but cant stop the Bitcoin. Government want to generate revenue from different sources and Bitcoin cant controlled buy the government and government have threat that Bitcoin will encourage the illegal financial activities.

[JPablo]

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 its not about they banned bitcoin but they are not agree that bitcoin will be part of government because of its price that anytime the value will increase and theres a moment that it decrease which not consistent.

[endut15]

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

indeed the bitcoin is changing our lives, because with the bitcoin it is very helpful to all of us. but many people are also prohibiting the bitcoin was outstanding. because many people are not familiar with bitcoin and negative thinking first.

[pinggoki]

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

In my opinion just simply because governmnet cannot control it so they had no choice but to forbid bitcoin. Besides, bitcoin is also have been used in illegal activities either online or offline such as drug transaction and even scamming, because of this evil deed bitcoin became ngative in peolpe's eye and become notorious. They didn't know what bitcoin can do hence, for us just keep sharing your positive experience upon this cryptoworld.

[nightfury]

the government forbids bitcoin because they fear bitcoin will be used for crime and bitcoin can make its users lose money and they can not do anything and can not control bitcoin

That’s because bitcoin’s purpose is misunderstood by these countries who feel like their countries security is put in danger and that bitcoin has believed to cripple their economy. This is one of the reasons why realizing bitcoin’s purpose is hard to put it into reality.

[c++btc]

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 bitcoin is banned by some of the government in the world because it seems that they have nothing to claim into it they don't even handle it. No control in short meaning to say if the government have nothing to do in something or in bitcoin they will ban it.

[blackhawkeye1912]

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

The only government who will going to that only is the country who doesn't know everything about the deepest content of bitcoin like its features. And what it can give in the future. If this is not really good(bitcoin) why other country like Japan government decided to regulate bitcoin to their nation? its just an example

[SixOfFive]

There are very few countries which have banned Bitcoin. The major reasons are that Bitcoin is decentralized which will snatch the power of financial control from government and give it to the public. Further, Bitcoin can be used for many illegal purposes like terrorism, money laundering and tax evasions. Also, cyber crimes have increased due to cryptocurrencies.

[janbunms]

Bitcoin is banned by some government because their are so many risk involved. And bitcoin is technical.

[Situk brok]

Bitcoin prohibited by the government may be caused by the very fluctuating bitcoin price and the security is very vulnerable for the retas by the irresponsible parties therefore the government is afraid of losses that will be borne by the community and again bitcoin in banned For fear of not applying the currency which has been used by the country

[pthnmj]

The governments ban bitcoin since there are perceived threats such as
1.domestic policy
2.tax compliance
3.monetary supply controls
4.special interests

[zhelis74]

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

I think the only reason why government doesn't recognize bitcoin is because it is a decentralized form of monetary system and its hard for them to interfere, so the only they can attack bitcoin is by making block propaganda to distroy the image of bitcoin but banning is very hard for them to do.

[Clavulanic]

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

I think the only reason why government doesn't recognize bitcoin is because it is a decentralized form of monetary system and its hard for them to interfere, so the only they can attack bitcoin is by making block propaganda to distroy the image of bitcoin but banning is very hard for them to do.

I think so too. And, at some point government can't see things any better for them. They only think for themselves than those people who are suffering from their regulations in each society. They don't know how small entrepreneurs live how they make earnings just to eat a day. Banning bitcoin by government has no justice and maybe for them they ban it because it is a good competitor in the market and it's hard for them to compete. No matter what government do,bitcoin is still a bitcoin.

[krampus854]

Bitcoin is known by some of the government illegal. I am not saying that all of them are saying that bitcoin is not legal. But some of them that's why they are banning it to their country and they are not seeing the future of the country if they have innovated technology with bitcoin.

[cahbagus555]

Bitcoin is known by some of the government illegal. I am not saying that all of them are saying that bitcoin is not legal. But some of them that's why they are banning it to their country and they are not seeing the future of the country if they have innovated technology with bitcoin.

Government and central bank ban bitcoin because they cant control it. As we know, bitcoin supply can not be change and central bank always want to control money supply.

[BertoloyBTC]

Simply for reason that the government have no control over the bitcoin activities ,the government can not benefits the bitcoins because they can not monitor what wad going in this organization thay is why government banned the bitcoin.