Why lot of countries do not allow to use Crpto?

[fabrizoc]

state wants to get tax. the input and output of the money can not be controlled. also a serious competitor for bankers. also a good way to make money. countries are opposed to it. a money they can not control is troubling governments.

It is not about the tax, there are many other things that stop a government to accept cryptocurrency as legal. It is not possible to stop people from investing in crypto and finally they will accept crypto as legal and regular currency. There is no reason for banning crypto because the government has nothing to do with crypto. Now they can also track illegal use of crypto.

[whitemoneycoin]

Because they want tax on it.

[zakariajaki]

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?

my opinion is related to the reason why some countries do not agree if their citizens use crypto, the vision of each country can be different by doing politics to protect its citizens, when the citizen is really protected by the state . culture, economics and politics to the real crypto legal world, but it's up to the governments of each country to protect its citizens, because my opinion is not necessarily the government that will legalize the crypto of its economically advanced society in the future. in the future, people are not economically advanced, all need to be studied and analyzed more deeply, can be useful and succeed for all of us

[el kaka22]

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?

we cannot control how the government is going to accept bitcoin and other cryptocurrencies. i am just concerned by the government is focusing on regulating bitcoin when there are other issues that needs their attention.

Obviously, we cannot and same way they cannot control how we spend. Their control definitely will be limited to exchanges, but does that mean there is going to be a problem with spending. This is a global thing, and I simply do not need to have anything to do with the exchanges before I decide to spend, and when we start seeing real life usage, is when I believe it would kick them in the face the more as to all their bullshits not working.

No matter how hard they try to stop it, I do not see how they can win that fight unless all the countries all over the world wants to come together to make that a reality which I simply know it is impossible.

[patarfweefwee]

For one thing, if a country is not very rich like any developing countries, they will not accept crypto currency because it is too unstable and would make it's peoppe lose money. Next, maybe their fiat itself is weak, introducing another currency in their coubtry would weaken it more. These are just some of the reasons i could think of on the top of my head.

[f12345]

As there’s clearly too much ad revenue potential to ignore, Facebook  today announced it’s reversing its cryptocurrency ad ban effective immediately. The decision comes with a few caveats, however. The company says it will allow ads and related content from “pre-approved advisers,” but will still not allow ads promoting binary options and initial coin offerings.

Facebook had first enacted the ban in January, saying at the time that too many companies in this space were “not currently operating in good faith.”

While it admitted that banning all crypto advertising was a broad change, the company said that its new policy would “improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.”

But it had also said the policy would be revisited over time, as its ability to protect deceptive ads improved.

Fast forward six months, and apparently Facebook is ready for the crypto ad onslaught yet again.

This time around, it’s making advertisers go through an application process to determine their eligibility. Facebook will ask advertisers to include on their applications details like what licenses they’ve obtained, whether they’re a publicly traded company, and other relevant background information regarding their business.

[scoin9]

Cryptocurrency is decentralized meaning the Government doesn't have control over it as they do with banks so therefore they would not want people to use it because of lack of control over it, the sooner they realize that crytocurrency has come to stay the better for them as they would now fully harness the benefits of using it as a method of payment.

[TranTrongit]

Government can't control bitcoin.  Perhaps this is the thing they fear most.  It is difficult to control bitcoin. This is going to happen. Money corruption and inflation will increase in their country.

[cabron]

People in the countries where crypto isn't allowed are still welcome to use it without the knowledge of their country, I don't think there is anything between that will keep them away from investing crypto specially if they have paypal funds. Call it illegal but everyone is has freedom on the internet. en-cashing their crypto may be a huge set back though.

Governments and banks are just not going to make it easy for us but we're going there, they will soon give in to the use of crypto when sooner the most useful project in the world are back by blockchain and cryptocurrency.

[funchiestz]

I do not think governments want to lose control of their hands. They want you to be in the hands of the money control.

[laracastvue]

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?

There are countries who really needs a funds from taxes, cryptocurrency can actually affect the growth of an economy if most of the people will prefer bitcoins over placing their money on fiat and that is the reason why some of the governments are banning cryptocurrency.

[liuqi]

I do not think governments want to lose control of their hands. They want you to be in the hands of the money control.

Government should be control in crypto because they have fix some taxes and regulations then it will allow all the countries but cryptocurrrency is a new technology so our economic situation is not supported in this technology that is the main reason to not allow in crypto legalisation.

[normanderecho]

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?

There are countries who really needs a funds from taxes, cryptocurrency can actually affect the growth of an economy if most of the people will prefer bitcoins over placing their money on fiat and that is the reason why some of the governments are banning cryptocurrency.

I think other country want to get a tax so that if the crypto did not give tax on government the crypto did not allow to use people in every country and other reason of my understanding the government have a risk to allow to use crypto  because government did not control if many people use a crypto  and the government did not get a tax of it.

[sevenbits]

I think that the whole thing is in the fear of pulling control. gosudrusto always completely controlled the money issue, and crypto selects this possibility. Of course taxes with crypto are much harder to collect

[Naughty Princess]

state wants to get tax. the input and output of the money can not be controlled. also a serious competitor for bankers. also a good way to make money. countries are opposed to it. a money they can not control is troubling governments.

It is not about the tax, there are many other things that stop a government to accept cryptocurrency as legal. It is not possible to stop people from investing in crypto and finally they will accept crypto as legal and regular currency. There is no reason for banning crypto because the government has nothing to do with crypto. Now they can also track illegal use of crypto.

Sometimes illegal activities is the reason of one country to ban crypto because they cannot control the transactions over it. It has something to do with tax but they can see how there people help by it to earn and help in the economy. It is not visible to the government that their people actually pay their tax by other means because every transaction has a fee where the private companies will pay tax from their services.

[btcprospecter]

Governments want to continue to control their own currencies. Bitcoin is something that they cannot control they can't stop people from using it as a means of payment. Many hope to get rich along the way taxation is a way for them to make money from their people making money.

[Escan0r]

I think because the government of that country does not want to take the risks that exist in bitcoin that is like a chaotic economy. But I think it's the crypto currency that helps us to this day and change our economy using crypto currency. Perhaps the government of a country that forbids bitcoin to accept the impact of negative news spread.

[dante golo]

I think the government's concerns are enormous when cryptocurrency is inaugurated to flourish because if the majority of the population continues to rely on bitcoin as a means of payment it can automatically threaten the local currency later on.

[alizalela7]

Many countries do not allow the use of Crpto because they think the crypto will cause them to lose control and they will become more confused.

[xIIImaL]

There are many government does not accept the bitcoin to use the payment for legal due to intervention for secret society peoples only. If the bitcoin reaches the height of the fiat cash means you will find thev private business and fiat cash will be washed out completely to make the the transaction.

Then US is the biggest problem for this bitcoin legalization mate. If the world go with the bitcoin USD value is not the actual thing to conclude the rich country first mate.