Why lot of countries do not allow to use Crpto?

[Winterwood21]

Yaa it's true, the use of crypto as a transaction is not taxed, because it is not the government that governs the circulation of crypto, they have no control.
This is what will make the national currency fall if the use of crypto can not be controlled, other than that crypto also has no authority and anyone can use it, this raises the perception that cryptocurrency can be used in the world of crime such as money laundering and financing terrorism

[Husecomang]

The government only forbids the use of crypto like the fiat used in real life. for example you buy food using crypto. all countries already have rules only use the currency issued by their respective countries.

It is right that the use of local currency increases the value of its currency. The coin circulation continues and the economy of a country grows high and high. While cryptocurrency is decentralized and the government does not want that their people invest in crypto because by this way the money can be transferred easily from one place to other.

[Ilegendph]

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?

How come that it is not harmful for an economy? As of now you can see that cryptocurrency helps people to earn online but as the time goes on, more and more people prioritizes to earn crypto than to earn flat and there are several reasons why it will harm the economy. First is that government would collect lower taxes that would result to poorer services. Second is that the foreign value of that currency goes down because no one wants it anyway.

[gowobonyok]

because the government does not legalize crypto, so they do not use it. the government reasoned that crypto could potentially be used as an illegal transaction, because of its anonymous nature and not through the bank.

[dupee419]

Its because that since BTC is decentralized which means the Government does not have control to it, it means that people can take advantage to it, some countries are aware about its power but does not dare to comply with it because they know that it is decentralized, especially Bitcoin.

[bitcoinerjawa]

maybe it's because bitcoins or other cryptocurrencies have an unstable price that makes the sellers and some countries afraid to use bitcoin as one of the payments.

[Burogh]

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?

If government implementing their service on blockchain and regulate cryptocurrency, I am believe government can earn more taxes. Government right now ban cryptocurrency because they dont understand the advantages of cryptocurrency and blockchain technology,

[iASIC]

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?

If government implementing their service on blockchain and regulate cryptocurrency, I am believe government can earn more taxes. Government right now ban cryptocurrency because they dont understand the advantages of cryptocurrency and blockchain technology,

Many countries do not allow the use of Crypto because their state may not find a way to exploit the potential of this technology. It requires them to change the way management controls the deal and preparation time may not be enough. Bitcoin should continue to improve, show potential and they will not be out of the trend.

[TheClownSong]

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?

Government in my country allowing cryptocurrency trade but not for payment. What you describe seem simple but its hard to do because many exchanger dont have any identity document their customer.
If government regulating cryptocurrency market, its more easier for government to collect taxes from crypto trade, but sometimes peoples using overseas exchanger

[PhucS]

Cryptocurrency is a very new market, every country has different views on it. Some governments fear that they will be difficult to control the negative effects that cryptocurrency brings. Of course, trading with crypto will not harm the economy of the country but through such transactions, some criminals can carry out money laundering and illegal financial activities. However, this is only a minor issue, I think countries should take measures to control that situation and help the market grow

[Gheka]

Its because that since BTC is decentralized which means the Government does not have control to it, it means that people can take advantage to it, some countries are aware about its power but does not dare to comply with it because they know that it is decentralized, especially Bitcoin.

Yeah, Bitcoin is a product that seems to be created to prevent the management and control of the government, we can see very clearly the features that bitcoin can bring, anonymously, without the approval of any authorities, very high security. And that is too convenient for transactions between underground powers, money laundering openly through crypto, they do not allow use, the situation has been so, if they allow use, things are going to get worse and lose control. However, I believe that one day the government can control the bitcoin and they can use bitcoin to better manage the economy of the country.

[CoinsOrDie]

I think the reason is that crypto is a very new market for the world. It is very difficult to control it. When they can not control it. They will not be able to collect taxes from it. So their best way is to forbid it

[theyRmose]

the answer is very simple, because nobody can control the bitcoin then they reject it.
but I'm sure one day they'll realize how bitcoin can help the economy. although it has not reached the country level yet.
but one day it will happen. it's just a matter of time.

[Silberman]

If you look at it, it may be possible but it takes a long time to implement such a thing. the government is still seeing the development of crypto this year whether the enthusiasts increase each year or decrease. if more and more crypto enthusiasts then the government in each country will implement the system of trade between countries using crypto.

You are mistaken the faster and the biggest the market of cryptocurrencies gets the more afraid they are going to be of the survival of their own currencies, they are scared right now even if bitcoin is still very small, what do you think they are going to think when bitcoin is used by hundreds of millions of people and we begin to use bitcoin directly instead of exchanging for fiat first?

[mak2017]

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?

Most likely because crypto is still not regulated and there are some questions to the industry as well.
Crypto can't be ignored or buried - a Big win for the whole industry, thats what really matters here i think.
As soon as governments will come up with proper regulation options for cryptocurrency there will be a "green light" for crypto in many fast developing countries.

[petrobit]

Governments are afraid of losing the control over financial flows in their countries. Judge for yourself: anonymity, decentralization and free emission. It sounds like a nightmare for the head of any bank or government.

[rabs]

Most of countries government afraid of crypto because crypto is decentralized and you cant tract the amount,So government have threat that illegal transaction and activities will be increased by crypto and government unable to control the crypto. But government should think and consider positive side of crypto and consider the contribution of crypto in economy of the state.

[sevenbits]

There are many reasons for this. The government's fear of losing the management of financial flows, the uncertainty of the vector of the development of the crypto market. We must not forget that the market is very young and many people treat it with disposition

[julzcoinbit]

In my perception, a lot countries still not using crypto because they're low technology not like japan which they totally use bitcoin technology as an alternative way mode of payment. And maybe several countries afraid to used It because some Illegal way that Is easy to get In like money laundering and others.

[snaper14]

The taxes can be put within a month but the real problem may be that they can not decide whether the usage is good or bad and regulations are uncertain from many countries due that it is a new thing.