Why lot of countries do not allow to use Crpto?

[Carpenter194]

Because they don't want is will have effect to their economics, IMO.

[Markettoken]

Because they want bitcoin to be taxed and can benefit the government

[richardsNY]

Most corrupt country wanted to stop blockchain technology for their own self serving interest.

All countries are actually in favor of the blockchain as technology. They dislike our cryptos and that's really it. Governments aren't that stupid to completely disregard the blockchain itself. I'm probably very close when I say that they will end up using centralized blockchains with tokens tied to fiat to gain more financial control over you than ever before. The blockchain is great if it works for you, but a total bitch if ill minded governments or corporations will use it against you. If you think PayPal and MasterCard are monsters right now, then wait for them to fully adopt blockchain....

[bowals]

on the issue of tax, most of the crypto transactions occur in major exchanges, meaning taxing them shouldnt be much of an issue. all thats needed is to demand the exchanges to pay/remit tax or risk closure

[Vness10]

It because there's so many circumstances of reason why some countries not allowed the crypto. We know it's risky investment and its decentralized so some country need to protect their people. Yes it's not harmful but like a said there so many reason maybe they want to control it or and they want a put a taxes but they not can't do that as long it's not legalize in their country.

[Argoo]

When the Chinese government last September introduced certain prohibitions and restrictions on the crypto currency, it directly indicated that the crypto currency could damage the economy of the state, since it allows uncontrolled withdrawal of funds from the country. That is, states are afraid of uncontrolled circulation of crypto-currency in their territory. Also, some states believe that investing in crypto currency, especially bitcoin, is very risky and warns its citizens against investing in bitcoin. Legalization of the crypto currency is also largely hampered by its greater volatility. Therefore, the issue of legalization of the crypto currency by different states is quite complicated, this process will continue to be long and contradictory.

[Driggers95]

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

Perhaps these countries fear that if they accept the crypto, there will be many problems for their country. They think that crypto will help corruption and crime. That's my opinion

[TravelMug]

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

You maybe right with your assumptions but I don't think that countries really know that, or if they really aware they will just turn their back on it because they really think that crypto can really harm their economy. But the funny thing is, governments really appreciated Blockckhain, the same technology was powered Bitcoin and other coins as well.

As for tax, well some countries are already imposing it so we still have to wait will be the effect. But as far as regulations, its really putting a lot of selling pressure resulting on the price of the whole crypto going down since the start of 2017.

[margert]

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

You can see that although bitcoin is very convenient and has great convenience for human life, you can pay faster with absolute security and anonymity, you can also move and do not take the burden. It can be seen that bitcoin is coin as digital gold.

But you can see that bitcoins are very little recognized and legitimate traffic, as this is a new area and there are many unfinished vulnerabilities so the countries are still very cautious. about bitcoin.

[pitiflin]

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

Less than 1% of the world countries have banned crypto. A lot of countries came up with a solution to the tax problem, they have taxes on capital gains rather than having taxes on crypto itself. Countries may not like crypto, because they don't know much about it. They are blindfolded because of the fucking ICOs that have done nothing but scam. You can't blame the governments here, they are trying to protect their citizens from getting scammed.

[deepgyl]

Those countries have a fear that it will ruin their economy and national currency because people will invest in crypto and prices can go to zero (some call it ponzi) so they don't want to take risk .
2nd big issue is money laundering and terrorist activities can be fueled with help of crypto without letting anyone know about it .
3rd problem is govt can regulate crypto completely like any other currency , it is fully decentralized , they can only control centralized exchanges and ICO .

[batang_bitcoin]

If a country has certain taxation law about crypto transactions then after selling he is capable of paying the tax and that's what the government really likes for people who are earning.
Some are prohibiting crypto transactions because they are only looking to the part that crypto is only about transactions from the dark web/market and it's no suitable for clean transactions.
They are avoiding their citizens to get involve with it. That's how they think.
Person has crypto = criminal or involved to illegal activities.

[spongegar]

For one thing, countries are on the fence for something new, especially something that haven't yet proven. Of course this is a new economic system and it's volatile at that. Now the conspiracy theorist in me is saying that big wigs from banks are pressuring the government to block crypto currency because people are withdrawing their savings to invest on crypto currency.

[bryant.coleman]

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

Countries such as China are taking a hostile stance towards crypto because it poses a threat to the heavily manipulated national currency (CNY). Even the stock market is manipulated in China and cryptos such as BTC can create issues there.

[gambitcoin53]

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

some countries are not open to crypto because mainly, they cannot taxed them, they cannot control the currencies that are coming from outside their jurisdictions, they tend to illegalized it for the main reason that they cannot milk money out of the anonymous users. foreign currencies that are entering their countries are untraceable. they cannot accept that their people are getting rich and they are not. they cannot measure the actual purchasing power of their people that may lead to inflation. 

[Cinemo]

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

Cause their government didn't believe that bitcoin or cryptocurrency will become huge amount to be true your computer. The first is that bitcoin has dropping the market. I do not capitalism and technology in the right direction for those of cryptocurrency. I believe the bible, and technology

[audaciousbeing]

Lot of countries do not allow to use crypto currencies and they discourage using them. However as far as I feel, trading with crypto is not that harmful for the economy of the country. As an example, if a person has Eth and someone from another country needs to buy Eth, that buyer needs to pay the seller in terms of dollars. Then that seller needs to convert that Dollars to his native currency which means it creates a the demand for the native currency and increase the value of the currency. May be the government is unable to add a tax on such transactions but it is beneficial for the currency used in seller's country.
What do you think about that?

The scenario you painted is so simple and straight forward which would even develop the economy because of the foreign inflows but they also know this but the real issue with government antagonism to the freehand of bitcoin and crypto currency is what I summarized into two:

1. To have their own cut which is not possible. For example I had read where socialist government charge as high as 50% in fees if you are receiving money from foreign countries. And really government is not after the young chap earning some little change but for the collective number of young chaps spread across the country like that and would earn decent income with government not being able generate revenue.

2. In addition to the above, in other liberal climes, the government is really not after young guys earning morning via internet sitting in front of the computer after all they cannot provide jobs for everybody and they would be avoiding some social unrest by allowing that but the problem in those climes are the rich who sees crypto as a way to hide their resources from the reach of government which the government won't take lightly.

[googs84]

I guess this is just not related to the economical views of that country but there are many more other forces who drives the countries decisions. For example, there is political forces, they could be forcing financial institutes upon closure of such operations within country for some reasons. Many times it could be financial institute itself who doesnt want to operate extra load that may be getting implemented because of such transactions, handling of exchanges overloads etc. There are many things which doesnt reach the general public, so we cant say surely why a country go on banning the crypto's.

[reliable]

Because they don't want is will have effect to their economics, IMO.

The disadvantageous of the crypto is that the country think they cannot control it 100% and anything which is not in their hands would not want it to exists. Also the illegal things that can happen with crypto is something no country might want to encourage it if they cannot control it.

[finlandais]

The main reason according to me is their is no central management to control the bitcoin and government thinks that it will affect the economy  of the country.Uncontrolled circulation of currency is the major problem which is faced by most of the cointries due to which they are not declaring it legal.Misuse of bitcoin led to many issues which cannot be traceable.No doubt it is very convinent and easy to use for common citizen of countries but some are using it for illegal means due to which declaring it legal is not considered as safe.