Why lot of countries do not allow to use Crpto?

[crypto90]

Because cryptocurrency is not created by them, nor is it regulated. Something that governments can't control is usually something that they fear. Most of the governments say that this is in the benefit of their people, but I really don't think that's true, why would they start thinking at their citizens when it comes to crypto but they really don't mind them, when the people have nothing to eat, basic health care or a place to sleep? If they really would care they would do something to help those in need and raise the economy, with crypto being one of their last things to think of.

[1713296179]

1713296179

[1713296179]

1713296179

[oanhphong]

Cryptocurrency can not keep pace with the need for transactions, which are prone to blockages and large fluctuations in value. In general, the decentralized technology of cryptocurrency, though sophisticated, is still a weak replacement for strong monetary support.

[ashkanm]

Different country has a different perception in bitcoin, I guess that was mostly government thinking of that people may be used bitcoin to have an illegal transaction and easy to make any action against the law of the country. And the next is they think also that bitcoin may be the big competitor against the banks near in the future and they can't control it.

[ashkanm]

Different country has a different perception in bitcoin, I guess that was mostly government thinking of that people may be used bitcoin to have an illegal transaction and easy to make any action against the law of the country. And the next is they think also that bitcoin may be the big competitor against the banks near in the future and they can't control it.

[erominer]

it is because they have less trust in crypto or have nothing at all and they do not earn something from it yet.

[shoreno]

Cryptocurrency can not keep pace with the need for transactions, which are prone to blockages and large fluctuations in value. In general, the decentralized technology of cryptocurrency, though sophisticated, is still a weak replacement for strong monetary support.

your wrong dude . cryptocurrency is introduced to be the solution for any payment transactions along with the blockchain technology which can also solved a lot of problems . if they are worrying about fluctuations , well id say not all cryptos are highly volatile ( except bitcoin ) thats why most of them are still useable . cryptos are not weak  and they can always compete for any other payment solutions  .   

other countries that disaproves the use of crypto might be have other reasons , but soon they will all follow the trend because they will left behind if not .

[Nathanclark]

Crypto money cannot keep pace with the need for transactions, which are prone to blockages and large fluctuations in value. In general, the decentralized technology of crypto money, though sophisticated, is still a weak replacement for strong monetary support.

[amphibian]

My brethren, you might be having a point all right but as long as transactions on crypto does not generate any form of income to the country as a whole, countries will be against cryptocurrency. Again, most countries who are against cryptocurrency see that, all the cryptocurrency especially bitcoin has no value becaise of its volatile nature and the threat at which it poses to most banks across countries. These are some of the few reasons why some countries do not allow the use of cryptocurrency.

[beezunus]

the government does not allow the use of crypto because the government cannot control the use of it and the government is worried if crypto is used for crime so that it will harm the country

[williamweber]

I think, perhaps because the crypto is unstable in value. This stems from the fact that no intermediary is mandated to ensure the stability of the currency. The government can not fully control the crypto market, leading to many legal issues.

[brookecooper]

From fear, ignorance, to protectionism, conservative governments tend to eliminate and avoid the risks associated with Bitcoin. The first government privilege is to ban all new technologies that have the potential to influence their dominance.

[Evacarter]

If there is no central management agency, who is responsible for the fraud? This is a pretty serious problem as everything can go wrong even with crypto investors.

[Cryptovn88]

The Government have not have legal corridor and management mechanism yet for allow using cryptocurrencies. If they allow it, they get nothing from it, no tax, no income from Crypto. And its so risk when allow it early while they're not ready yet. And, in my country, people use QR or code pay for buy and sell things is serious problem for Government. And, some banks were decided to reject transaction for cryptocurrency. That was a bad news

[blacknigga]

I think the governments do not want to be responsible for the risks associated with Crypto. Like other currencies, Cryptocurrency as well as gold or cash, are used as intermediaries for money laundering.

[boled]

it takes time to get there. it's not easy for a system to accept new things. currently blockchain has begun to be accepted and applied by many countries. Likewise with crypto, in the future I am sure the world will accept and many countries will use it as one of the means of payment or may become a commodity.

[Robbio]

This is not a bad thing. In some countries, the cultural level of the people varies greatly, which may be to protect their citizens. But I believe that sooner or later they will open the cryptocurrency.

[nbausa]

Most countries in the world are still considering the legality of Bitcoin. Governments are still in the process of exploring other aspects as well as the influence of the Crypto market on the economic sectors in general.

[surfer43]

Majority of the countries have now started accepting bitcoins.
Their governments have not yet made it legal but yet there are a lot of traders amongst each country now which shows us the immense growth of bitcoins.

[Kittygalore]

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.

This is true. Government is the competitor of the cryptocurrency. Government really wanted everything that this will be in there control. They wishes to be the dictator or the controller. That is why they do not want cryptocurrency because they donnot have the rights to do it. This is a unique system that will help us.

[roadloop]

use of bitcoin as part of its anti-money laundering efforts. ... Not all countries think banning cryptocurrencies is a way to go.