Why lot of countries do not allow to use Crpto?

[Lexurdania]

I said because Trump can you understand? After Trump took office, he implemented trade protectionism, which led to the loss of money in other economies, and all countries rejected the cryptocurrency. But this is all open for the future.

Crypto already exist before trump took office. Most country in the world afraid on cryptocurrency because bitcoin can not controlled. The data store spread around the world. I dont believe bitcoin will make economic worst but i am believe bitcoin will make economic more right

[rickyNmorty]

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 the country but the government. People or the citizens tends to love using crypto butthe government do not loke it because they can not control it and that is what they do not want. They wantto be in control that is why they do not like it. But then it is not yhe country but the government. Not the people but those who are in controlled.

[Dr.Osh]

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 the country but the government. People or the citizens tends to love using crypto butthe government do not loke it because they can not control it and that is what they do not want. They wantto be in control that is why they do not like it. But then it is not yhe country but the government. Not the people but those who are in controlled.

as far as I know, they are afraid of money laundering from this, but they also do not want to increase the risk of transactions that are difficult to track. well, but I think that is a long reason, because even though not with cryptocurrency, it still happens today.

[terlesbogli]

Lots of countries not accept crypto cause their government thinks that crypto is only use for illegal activities online and with lack of knowledge on this technology they don't know that it could help their economy also the peoples that don't have permanent job with having knowledge on crypto they can really earn money.

[VBCryp@]

I said because Trump can you understand? After Trump took office, he implemented trade protectionism, which led to the loss of money in other economies, and all countries rejected the cryptocurrency. But this is all open for the future.

I do not think Trump is the main factor, the Crypto market is now influenced by so many countries and there are so many underground forces that are hard to spot.

[Btcallans]

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?

Yes I agree, the exchange of the international currency like dollar has more value in some developing countries which helps a country economy develop even though taxation is not implemented.

[Raven91]

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?

I really don't know why. But, based on my understandings, the government doesn't allow the cryptocurrency because they might not be no tax anymore in the state that they're leading too. Also, they might not have any idea what is the value and capacity of crypto.

[Osakrita]

Most governments have not figured out how they can effectively monitor them and crypto is growing at an alarming rate, so they are placing  a hold on its further growth, eventually they will lift such bans

[sunflower_11438]

Bitcoin and other Cryptocurrency are new things in our lives. New things will always cause pros and cons, as well as cryptocurrency.
People will still study the advantages and disadvantages of Cryptocurrency. That's what many countries/governments are currently doing.
On the other hand, the general public will also learn about the advantages and disadvantages. As far as 9 years Cryptocurrency growth has exceeded estimates from many people, it is reflected in the fantastic price of bitcoin. Later if the wider community has understood and accepted the government will inevitably accept it too.

[gabbie2010]

Decentralized features of Cryptos posses a difficult challenge to those countries who felt that their monetary policies could be hampered by Cryptos adoptions especially local currency could be hard hit if Cryptos are fully adopted but I wonder how those countries that fully adopted Cryptos have manage their economies successfully.

[hilawnasaging]

Because of evasion of tax. If the money that enters the country don't pay the tax needed, then it may cost the country's fund. Imagine going to school and always paying for the funds, but this time you cannot pay because you are using credit card or debit card. Like, cryptocurrency, you cannot easily use it unless you withdraw it or invest it. Some countries aren't modernized for the interaction of cryptocurrency.

[kenlyresuello08]

They want us to pay our tax maybe other country didn't have a law about paying cryptocurrencies tax and maybe they think that they can't control the population of btc holders when they allow cryptocurrencies in their country.

[resty]

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 small small country did not allow to use crypto currency because they are not ready to use it specially when it come  to use internet and electricity many of them are unable to avail it because of not totally fully consume  in terms of good economy. that's why they don't allow to their constituents to use crypto currency I think they need the help of some other big country.

[Dailyroberts]

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 the country but the government. People or the citizens tends to love using crypto butthe government do not loke it because they can not control it and that is what they do not want. They wantto be in control that is why they do not like it. But then it is not yhe country but the government. Not the people but those who are in controlled.

as far as I know, they are afraid of money laundering from this, but they also do not want to increase the risk of transactions that are difficult to track. well, but I think that is a long reason, because even though not with cryptocurrency, it still happens today.

Countries consist of governments. And goverments exist to control all the things in a country. Thus governments never want to allow their citizens to use coins because they know coins are not 100% controllled.

[Pattart]

Lots of countries not accept crypto cause their government thinks that crypto is only use for illegal activities online and with lack of knowledge on this technology they don't know that it could help their economy also the peoples that don't have permanent job with having knowledge on crypto they can really earn money.

That is the reality, the government knows what risks they will face when bitcoin and crypto come, so they are forced to ban the use of bitcoin, if there is a way in which the government can control and prohibit illegal transactions to the bicoin users, it is certain that bitcoin will be legalized..

[FionaRice124]

Because in countries with no developed economies or countries experiencing an economic recession, they have yet to see the benefits that cryptos can bring to their country. If they open the door to electronic money for development in their country, then perhaps these countries will thrive on the economy.

[Dodoymabs]

Blockchain is still in the development stage and  there is no proper regulations about it. What is good is that it keeps on making a lot of progress and people slowly adopting the technology.

[Lorence.xD]

What do you mean under 'a lot of'? Google search tells me that there are only less than 10 countries who banned crypto and in all number of countries of the world its actually not so much. In explanation why one or another country banned bitcoin its written that its out of their economical laws. So, they simply do not want to change their laws cause of bitcoin, changing laws is long and expansive process as I know.

   yes, it not a lot of country who Banned the used of Bitcoin or Crypto Currency digital transaction. its a the Question of How to regulate the Bitcoin transaction in such country whom critical to Bitcoin, some of this issue were base on the Financial Concerns of the Businessman with in these country.i hope you also posted your bases of data for more specific reply.

[deloreswest]

Cause its new, no one could control it, and also its universal and imagine if people from another country that not from us and buy bitcoim from us then the money will move to us, goverment just afraid too much money move and also afraid it could be use to money laundry

[cdoyle14]

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?

I think that country is are just aware of bitcoins non stability and they are just worried that it can harm the economy of the country which could be already not the best at all.