Why lot of countries do not allow to use Crpto?

[paynercash]

Crypocurrencies are banned because they are an independent store of value, which is not submitted to fiat money inflation.

In my own opinion, cryptocurrencies are banned because there are some governments who are corrupted since bitcoins and altcoins is one good investment which another way to make money on the internet.

It may happen, but in many directions the country is still in the process of learning about it. And there are still no consensus on the idea. Maybe they are scrutinizing then making a decision. Hope so.

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[burner2014]

Crypocurrencies are banned because they are an independent store of value, which is not submitted to fiat money inflation.

In my own opinion, cryptocurrencies are banned because there are some governments who are corrupted since bitcoins and altcoins is one good investment which another way to make money on the internet.

It may happen, but in many directions the country is still in the process of learning about it. And there are still no consensus on the idea. Maybe they are scrutinizing then making a decision. Hope so.

They don't see what is happening to crypto world, what they are just seeing is that bitcoin was a big scam, they are not realizing why many people involves with it, we all know that it is a risk in involving in crypto, but we also know that there is a possibility that bitcoin is our future so we just need to embrace it at the early stage.

[julius caesar]

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?

Well if they dont accept Bitcoin probably they dont run with Bitcoin, and if they dont they will miss the potentials to become profitable and at the same time progressive since Bitcoin is being accepted by many companies and many entities such as banks, companies, and even famous lines of cars and equipments they will not able to be part of the innovative way fo making payments and transactions with the countries who accepts Bitcoin in their systems.

[patimahsunda]

Maybe many countries are afraid of cryptocurrency. Because cryptocurrency is currently very widely used. And the state is afraid if it is used for crime. So it's natural that the state is afraid. What needs to be feared is actually people who use crypto. And don't blame cryptocurrency.

[Indai24]

Maybe many countries are afraid of cryptocurrency. Because cryptocurrency is currently very widely used. And the state is afraid if it is used for crime. So it's natural that the state is afraid. What needs to be feared is actually people who use crypto. And don't blame cryptocurrency.

If this would be the reason why they don't allow crypto in some countries, why don't they strictly implement rules and system inorder to protect their security? Crypto is really a big help to our economy so I hope the government will do something as well inorder to have it in placed.

[renggileh]

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?

various reasons for rejection by each country, due to phishing and fraud and many more fluctuations.
but according to me personally, the government rejects this transparent system because it is not ready to implement it, maybe in the future they will change their minds.

[Majharul Saiif]

It can be a reason that govt or authority don't know the details about crypto. That's why they are not positive about it through. But I think they need to reform it because of demand. Government think that Economic slowdown is responsible for this,money is reserved and so on. It is true that a lot of countries don't allow to use crypto and my country also. But still I am it's user and I know about its advantage.

[narielle]

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?

Many people are discourage to enter in cryptocurrency because of the FUD news they heard and viewed from social media. There are people that I knew said that online investment is a scam and they don't want to attach with it. Though I contradict their opinion and sharing up my thoughts about crypto, they're mind will never be changed easily. If social media will help cryptocurrency to expand its good purpose, motivating people is easy to do. Let us help this community to grow faster.

[wahyu wida]

Maybe many countries are afraid of cryptocurrency. Because cryptocurrency is currently very widely used. And the state is afraid if it is used for crime. So it's natural that the state is afraid. What needs to be feared is actually people who use crypto. And don't blame cryptocurrency.

money laundering, unstable conditions, terrorist financing which is the reason why government has not received BTC. besides, i think government is still looking for a policy to place BTC

[Khan Apon]

Because, 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.
In this reason lot of countries do not allow to use crypto.   

[Getmon]

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?

A lot of countries are holding their horses pending their own investigations and tedious studies as to the real value and status of cryptocurrencies. So far, there are already a good number of countries that have opened their doors to the use, trade, and investment of cryptocurrencies. Other countries ended up having unpleasant results of their studies and preferred to restrict cryptocurrencies. Others are also classifying cryptocurrencies differently. One even generalized and considered all cryptocurrencies as securities.

[nealdlover]

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?

Because the Cryptocurrency market is not safe for any country. We can see that manipulation often occurs and fraud occurs a lot. In addition, bad businesses will often take advantage of Bitcoin to launder money.
That is why governments often forbid Cryptocurrency.

[qumeijia]

Many countries ban or forbid bitcoin because of several factors such. For example it can cause a bubble, bitcoin has the authority which regulates it. And other reason it is sensitive or even it is claimed as an illegal transaction. Through those reason some countries forbid bitcoin.

[jojowar]

Lot of countries do not allow to use cryptos because they were afraid on the negative effects on it like cryptos maybe use in funding syndicate, these cryptos will become bank competitors and the government have not yet study where they will get taxes out of cryptos.

[takertrade]

Expert Bot About This:

[TheClownSong]

Many countries do not allow to use Crypto in their place because they are not yet ready to adopt any new online currency due to their lack of technology support unlike other country that are not legal to their country but they are accepted to use as a payment in any transaction they made like here in my country bitcoin is not yet legal but we can use it in any estabishments that Crypto is accepted.

A lot country not allowing bitcoin because they dont have good knowledge about bitcoin. In many advance country, the government have good knowledge about cryptocurrency and thats why they allow it. More country will more understand about cryptocurrency and they will regulate cryptocurrency

[Farma]

Many countries do not allow to use Crypto in their place because they are not yet ready to adopt any new online currency due to their lack of technology support unlike other country that are not legal to their country but they are accepted to use as a payment in any transaction they made like here in my country bitcoin is not yet legal but we can use it in any estabishments that Crypto is accepted.

A lot country not allowing bitcoin because they dont have good knowledge about bitcoin. In many advance country, the government have good knowledge about cryptocurrency and thats why they allow it. More country will more understand about cryptocurrency and they will regulate cryptocurrency

agree with that. I am sure, when they find out about the benefits of crypto, maybe they will make a new crypto, or cooperate with other crypto companies. this has also been done by countries that have advanced technology.

[yusupjatigumilar]

they were worried because they could not monitor and control crypto transactions that occurred, unlike bank transactions, they could easily monitor and control it, but could not be done on anonymous cryptocurrencies

[Irwandho]

bitcoin is banned in some countries because the government cannot control it, the government is too afraid if bitcoin has a bad impact on the economy and stability in its country. Another reason is that the government cannot apply taxes on bitcoin so there is no income for its government.

I think the government does not want to give their strength and control and that is the reason why the government wants to indirectly eliminate the use of cryptocurrency.
As we all know that a greedy government for control and crypto is something that takes power from a centralized authority and gives it to users.

[Bitcoinbitcoin0909]

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?

It is simply because they feel threatened with the use of crypto by their people. As time passes by, the influence of crypto gets wider and wider and for some countries, it imposes threat to their economy that's why they consider it illegal. We should not let it happen to all the countries or else we will not be gaining any benefit from crypto anymore in the future.