Reason why other ban cryptocurrencies

[escalante28]

Plus they can't collector taxes from there. Well maybe the main reason they strictly  ban it because Crypto is so risky.  We know that our government  want to control everything that is why bitcoin  was ban because they can't control it but believed me in the near future they can do anything to stop it.  Peoples  now are educated about cryptocurrency  and I believed that some day there will group in every country  to fight for it.

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[bsce1-1]

Why they banned cryptocurrencies in different country, because they think in bitcoin is scam, like in digital money in our country that did not legalize by the government because they idea about the certain issue specifically in bitcoin is fraud or simply racket trick. But other country did not banned because they may help the certain country to improve the circulation of their economy. The main point that did banned crypto is they feel fear to enter because they did not sure weather it is real or not because of digital money.

[suraza21]

The reason why crypto is banned by some countries is because their government is afraid that the crypto market is a bubble that could make their country's economy suffer and make their country lose control

[icecream sandwich]

The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.

I think other countries ban cryptocurrency because of the negative thinking on their part. They still think that this crypto will give them a negative effect in their government.

[boyptc]

The main reason why they are trying to ban the crypto is it because they think that it will not be helpful for example in one country they might think that it will not gonna help in the country because it doesn't have a stable proc eon it not like a cash were it have a same amount that it can use right away with no hassle.

Not only that it won't help their country but they are banning it because it can lead their people to be part of such shady activities.

They only looking to crypto's as something illegal related currency, they never see the good side of using crypto's to avoid extremely high fees and slow process of the traditional system.

[chaoscoinz]

The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.

Seems like pretty good reasons to me why they don't trust it. We should also consider that this technology is a real disruptor  to the current economic industry. Cypto is beginning to be considered what some might call, "dare I say", "dangerous!"
   Crypto really throws a wrench into the plans of modern day finance. However, it is quite a useful technology that many seem to be adopting slowly over time.

[BartS]

The main reason why they are trying to ban the crypto is it because they think that it will not be helpful for example in one country they might think that it will not gonna help in the country because it doesn't have a stable proc eon it not like a cash were it have a same amount that it can use right away with no hassle.

Only if that was true, you're seeing this from the wrong angle governments do not like cryptocurrencies for the reasons that you state, they are not interested in protecting the public from potential fraud or anything like that, what they care about is that with cryptocurrencies they are going to lose control of the money of the people, and without that control they feel vulnerable because they have grown to big and they know that if they do not stop this they will have to get smaller.

[Baksobakar]

I think the most common aspect why other countries keep banning cryptocurrency is due to the security measures. Many already become a victim of scams at many still doubting if there is someone who is manipulating the prices of cryptocurrency.

I think After crypto is more transparent and stable, I think it will be recognized and become more popular. I think the reason why the other ban is crypto because crypto is a new currency, is unstable, is very fraudulent and has not reached a certain balance like some other markets such as stocks, gold. The government has not recognized the crypto to protect people from the risk of a scam.

[hahay]

The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.

If the government considers cryptocurrency to be a danger to society, it may be due to high concerns about illicit trade and government concerns about money laundering etc. But if the government is observant with more positive facts that occur from crypto, then the government should believe that crypto's ability to improve the financial well-being of its people is better and I feel very good to improve the economy of a country.

[BCSHonda]

The reason why other country ban cryptocurrencies because its decentralized and they can’t control it if you can’t control the currency that coming to your state you can’t get regular or can’t deduct the correct tax to your people. The other reason is some people are using the advantage to do their illegal work, like selling drugs and smuggled stuff. Another reason is maybe they are creating their own cryptocurrency like another country, and they don’t want to use the other cryptocurrency that they don’t own.

It is still difficult to overcome. And we need more time to change. The main purpose is to accept it and not be affected by anything.

[Finestream]

I think the most common aspect why other countries keep banning cryptocurrency is due to the security measures. Many already become a victim of scams at many still doubting if there is someone who is manipulating the prices of cryptocurrency.

I think After crypto is more transparent and stable, I think it will be recognized and become more popular. I think the reason why the other ban is crypto because crypto is a new currency, is unstable, is very fraudulent and has not reached a certain balance like some other markets such as stocks, gold. The government has not recognized the crypto to protect people from the risk of a scam.

For me,some countries have banned bitcoin because of the fact that it is not legalized by the government itself.Because of its high volatility,the price varies from time to time making most of the people become confused since they are used with fiat currencies with fixed amount.

[xuan87]

The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.

It is reasonable for the government feel afraid to something that they can't control, with the anonymity and decentralise, crypto can make people to avoid tax, and it could be easily used for money laundering, but the government should see something beyond that, the government also need to consider this as the future technology to help payment from different countries

[hotBriX001]

The reason why other country ban cryptocurrencies because its decentralized and they can’t control it if you can’t control the currency that coming to your state you can’t get regular or can’t deduct the correct tax to your people. The other reason is some people are using the advantage to do their illegal work, like selling drugs and smuggled stuff. Another reason is maybe they are creating their own cryptocurrency like another country, and they don’t want to use the other cryptocurrency that they don’t own.

It is still difficult to overcome. And we need more time to change. The main purpose is to accept it and not be affected by anything.

I think the main reason why other countries ban cryptocurrencies because they have no control with it. It is very difficult to control decentralized currency in which if they want to control it they need to regulate it first by lawful means.

[turkandjaydee]

The main reason why they are trying to ban the crypto is it because they think that it will not be helpful for example in one country they might think that it will not gonna help in the country because it doesn't have a stable proc eon it not like a cash were it have a same amount that it can use right away with no hassle.

Not only that it won't help their country but they are banning it because it can lead their people to be part of such shady activities.

They only looking to crypto's as something illegal related currency, they never see the good side of using crypto's to avoid extremely high fees and slow process of the traditional system.

I can understand if they scared to something they cant control, well something can unexpectedly happen. And the cryptocurrency can make the value of the country's currency decreases which will have a big impact to the economy in the country.
But blockchain is truly a great innovation and will improve many things in this world, government wont be able to avoid that.

[Hatuferu]

The main reason why they are trying to ban the crypto is it because they think that it will not be helpful for example in one country they might think that it will not gonna help in the country because it doesn't have a stable proc eon it not like a cash were it have a same amount that it can use right away with no hassle.

Not only that it won't help their country but they are banning it because it can lead their people to be part of such shady activities.

They only looking to crypto's as something illegal related currency, they never see the good side of using crypto's to avoid extremely high fees and slow process of the traditional system.

I can understand if they scared to something they cant control, well something can unexpectedly happen. And the cryptocurrency can make the value of the country's currency decreases which will have a big impact to the economy in the country.
But blockchain is truly a great innovation and will improve many things in this world, government wont be able to avoid that.

I agree on you.But we cannot force some countries from stop banning bitcoin since it's their freedom to choose the currency that they preferred to use.And let's just say that not everybody can totally adopt the fast changing digital world we are heading right now.

[onrise]

The reason why crypto is banned by some countries is because their government is afraid that the crypto market is a bubble that could make their country's economy suffer and make their country lose control

They think that it can be misused and cause the threat to many citizens of their country which they do not want to make it happen . Also they think it could create more scams across their financial and this will make it more threat as then already country may be investigating other scams and this will add more work to them.

[Mr. Legendaris]

I think this is because of excessive fear, it must be admitted that the number of haters who pay for all media makes many countries afraid and thinks that crypto is a scam so it chooses banned cryptocurrencies.

[Ranly123]

The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.

In a governments perspective, it would be difficult for them to include cryptocurrency in auditing the earnings of every investors. But in our own side, we definitely help our economy in a way that the government did no notice because they did not hold any information on our earnings. Also, government had not yet established a rule that can make cryptocurrency taxable.

[Elyziey]

As for my opinion, some people who do bad things are using cryptocurrencies for illegal transactions like money laundering.  The put their money as if they are investing in Cryptos and pull it back transferring to their other accounts.  Such an illegal act why some countries or government is eliminating.

[binting]

the reason why other ban crypto because crypto is a new currency, unstable, highly fraudulent and has not reached a certain balance like some other markets such as stock, gold ....government have not recognized crypto to protect people against scam risks,,crypto is more transparent and stable, it will be recognized and become more popular...