Why lot of countries do not allow to use Crpto?

[semutracing]

in my opinion, the government's current constraints and considerations are the nature of crypto currencies that are still anonymous, so that if the crypto currency is used for criminal acts, the government will not be able to track where it came from

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[jademaxsuy]

Many countries seen cryptocurrency as a threat in their current economy. Maybe this is due to many issues cryptocurrency suffering. Many has already become a victim of the scams and huge hacking issues.

Well i do not believe that there are so many countries that ban the use of cryptocurrency. I believe that there are only quite few of them and those countries have problems in dealing with national security threat. As we all know that the cryptocurrency has its trademark as anonymity so it could be difficult to trace if transactions being done for smuggling weapons will be done using cryptocurrency system. However, in different countries cryptocurrency is doing good and local exchanges had done KYC to track those people who use heavy or having huge transactions.

[shainasaz]

I think a lot of countries fear cryptocurrency because it might affect the usage and growth of their economy. They also think that bitcoin maybe used for illegal business. But in some countries bitcoin are allowed to use it.

[Pikachu12]

 In my opinion, many countries grant Crypto because they fear businesses and people launder money through this technology. This blockchain technology is intended for many more bad people. But this will be a tool that will help the rich get richer if they take advantage of it.

[Ramonranger]

Taxes ia the most important part of the country to run their economic growth and development, since cryptocurrency is very open to anyone, no control on any transaction, then the main concern of a countries on how they control the digital currency by means of taxes. It need to be more intellegent study on how both country and cryptocurrency to be controlled to avoid any conflict with each fiat and digital currency on the market.

[Fortress12345]

All country has different principles, rules and regulations so maybe not allowing to use crypto has a deep reason behind it. Some country do not allow it because they think that it was used to buy and sell illegal things or for illegal trading. And also some countries think that it can affect their economy in a bad way. And also it was because they can’t control it the way they want to or the way that they can get big benefits for themselves.

[boboto]

It is not tracked in any way and many criminals can use it

[Blackamoh]

The value of Bitcoin affects the interests of the government. Users who use Bitcoin for illegal purposes will be banned from the operation and are responsible for the country.

I think that makes the country afraid, so it doesn't use Cryptocurrency, because they feel that if citizens use Crypto, the state or the government will not be able to control it.
The main reason for a country that does not accept Bitcoin and Cryptocurrency is, because Cryptocurrency is decentralized, or cannot be controlled, cannot be regulated by a country.

[Bhargurn]

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.

[Himanshu111]

The value of Bitcoin affects the interests of the government. Users who use Bitcoin for illegal purposes will be banned from the operation and are responsible for the country.

I think that makes the country afraid, so it doesn't use Cryptocurrency, because they feel that if citizens use Crypto, the state or the government will not be able to control it.
The main reason for a country that does not accept Bitcoin and Cryptocurrency is, because Cryptocurrency is decentralized, or cannot be controlled, cannot be regulated by a country.

This is because cryptocurrencies are decentralized and no Central Bank or government has any control over it.Only the users have the knowledge about the cryptocurrencies.Cryptocurrencies are also very volatile and unstable and their price depend upon the forces of demand and supply.They also have a risk of getting hacked.They require internet connection which is not possible in every corner of the world.They also require some basic knowledge and are very complex in use.

[doanngocdiep02]

The reason many countries do not allow Crypto to get some tax from their people. Most of the cryptographic transactions occur in the main exchange, meaning that taxing them is not a big deal.

[ordato]

for many it is a good way of earning and it increases the growth of a wealthy population that is not very profitable for the state

[Btcalimie]

Cryptocurrency is risky and many countries  government does not allow this since they don't have on having benefits allowing their money to circulate outside in regards with cryptocurrency.

[hispout]

they do not have enough regulation for cryptography. Governments can not control. it seems to be unregistered money. these and similar situations are not working for governments. wants to get tax. but there is no legal regulation for it. if the necessary legislative arrangements are made, it may cause other problems. the demand for the informal currency increases.

Many countries are using the Bitcoin and other crypto coins and benefiting their economies similarly the people living in countries where the Bitcoin is using are also making their financial situations better. However there are many countries where it is banned especially in Asian countries and Arabian countries due to some issues they are not ready for. If this modernism of currency enter into these countries then they will also make their economies better and can get success.

[Watoshi]

If I would be the principal of some particular country, I would be taking care about my financial and economical prosperity of my citizens. Maybe that is the reason.

[budakjawa]

maybe it's because bitcoin prices and some cryptocurrency prices that can't be stabilized and transactions can be seen by everyone who makes many governments and some officials in the country experience fear.

[dreico]

crypto is not tracked than many criminals use, and scammers in this sphere are full but find them difficult, plus there is no tax on income from this

[coinstalker23]

Simply because they are too afraid to use a new kind of technology that can get our lives more easier. They are basically scared or being cautious about taking and applying cryptocurrency to daily lives. They think this technology must be fully researched and understand its limits and full capability of cryptocurrency and blockchain technology.

[hsyncl]

In addition to being very volatile, the fact that there are small security gaps is that the governments are not very positive. But on the other hand, people can create security vulnerabilities with the currencies they want.

[yusupjatigumilar]

Crypto currency denial in some countries may be caused by the rise of negative issues regarding the use of crypto currencies which certainly makes the government make a decision to reject crypto currencies because it is feared that it will threaten the country's economic and security stability