Reason why other ban cryptocurrencies

[siracunas]

As far as I know, they can get rid of it, the bitcoin. If the government does not have the ability to control or manipulate it for the sake of excessive bitcoin power and almost all countries use it. However, there are positives that can be done in our country cases like those of bitcoin, we are afraid to enter this field and make mistakes.

[MMysterious]

Many people or countries is so inclined in Fiat money so they want to ban the cryptocurrencies because they think it is a scam or another bubble but if you think fiat money is more of a scam than crypto. As you can see each year passed the value of the fiat money is decreasing. Banks and Governments dont want to support crypto because they cant control it like fiat money. As long as the people support and believe in crypto they will come a time that crypto as a whole will bloom and all of us will prosper.

[emezh10]

I think 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 .... Governments have not recognized crypto to protect people against scam risks. Once crypto is more transparent and stable, I think it will be recognized and become more popular.

The main reason to ban cryptocurrency is its system where it does have a decentralized form of market that could give people an open option to deal with any form of transactions and form of dark transactions all throughout the web which could include illegal transaction and transactions that against the government or under the probitionary measure. It also gives a good form of opportunity which taken by a government by a threat for bigger businesses that could not give them chance to pay tax on the government and start an investment for an initial earning for people without a help on the government.

[parthgajjar]

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 my country, banks are banning electronic money transactions, they do not accept any payment online, bitcoin trading becomes difficult, I can only trade in dollars. In my opinion, the reason banks prohibit bitcoin exchange is that it affects the profitability of banks

[denuhaqiqi]

there are several reasons why other cryptocurrency prohibits, especially by the government: 1) the absence of regulators and lack of legal certainty, so that no institution can ensure its security; 2) The fluctuating exchange rate so that it is vulnerable to causing an economic bubble; 3) User identity that can be disguised, making it vulnerable to use in illegal activities; and if there is no regulator, the government cannot control because it does not have control as they do with the central bank of the country. other than that they cannot collect taxes from cryptocurrencies transactions because the transactions are carried out person to person without an official intermediary institution.

[finlandais]

According to me the main reason is that many countries believe that it will affect their economy so they are banning cryptocurrency.Moreover their is no central management to control it.Crimes can occour very easily with the support of cryptocurrencies because of no control on them so many countries are afraid of declaring it legal.

[Nyak put]

The 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. And dont be easy to be honestly for everything

[carlisle1]

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.

Why not go straight to the point that the governments hated the idea of having uncontrollable currency because they can do corruption,their evil works will end when the time comes cryptocurrency took over the place and fiats will be secondary’s for transctions and financial needs

[westril688]

I would say that there is many reasons that we even don't have a clue about because those guys who are sitting above us are having their own interests in the cryptocurrency.

It's true that the real reason to ban bitcoin in a different country. One is that bitcoin is used as an illegal transaction such as drugs and terrorists. There is also a reason for corrupt government officials, while bitcoin with blockchain technology can prevent corruption because the data is controlled from multiple servers.

[Eyjeyy]

The fundamental explanation behind any nation to boycott cryptographic money is the way that digital currency are not under the control of any government. Government can't control cryptos transactions. So keeping in mind the end goal to stop or we can state to keep the abuse of cryptographic money they boycott them since individuals discover it as an approach to perform unlawful dealings utilizing cryptos as they realize that they won't get captured.

[cescudero95]

Out of curiosity, do we have a list anywhere of what cryptos are currently banned, and in what jurisdictions?

[Core.BUSTER]

The main reason for any country to ban cryptocurrency is the fact that cryptocurrency are not under the control of any government.Government cannot control cryptos transactions.So in order to stop or we can say to prevent the misuse of cryptocurrency they ban them because people find it as a way to perform illegal dealings using cryptos as they know that they will not get caught.

I certainly agree with that opinion, we all know that no one can control cryptocurrencies especially bitcoin and even the government has no power to control or manipulate it simply because it is decentralized. Furthermore, as of now there are some countries that started to ban it and I think it is totally bad especially to the people who have cryptocurrencies. But, it some countries it is legalize so that there is nothing to worry and I do believe that in the near future it will be legalized.

[Pepito Manaloto]

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.

There are a lot of countries already who banned the use of crypto within their area. Some of them banned the use of crypto since they see it as a threat to their economy wherein as their citizen earn large amount from a taxless job, the economy will go down with it also. Some ban it since the government and banks can be replaced by crypto so I think they are just playing safe.

[stephanirain]

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.

Many countries banned cryptocurrencies because they believed in false news that are spreading in social medias that ut is being used in illegal activities such as scam, that is why i am hoping that scammers will be removed because it is ruining cryptocurrency.

[Bionicgalaxy]

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.

The reason why other countries banned cryptocurrencies because they think it is only been used to trick people to invest their money in cryptocurrencies or scam people, but it is not true. Hoping that scammers wil be removed and banned in the world of cryptocurrency for it will be accepted in every country.

[Mariela]

The main reason I think is cryptocurrency still not legal in many countries so definitely they are banning the operation of BTC or any other Blockchain technology.

[Dark Sky]

The main reason I think is cryptocurrency still not legal in many countries so definitely they are banning the operation of BTC or any other Blockchain technology.

Some countries banned this currency and they can not accepting for their countries because they think that it will not good for banks and some are thoughts that it is harmful for our country but actually bitcoin is very helpful and beneficial currency for every country, if you see that those countries who accept this currency they are very developed countries and they don't think that bitcoin will harmful rather they are really like this currency.

[alizalela7]

Some countries do not accept bitcoin transactions as well as they forbid bitcoin to be legal because they have not really expanded to digital and bitcoin markets.

[Commitments]

Many country and people do not like for present of bitcoin and cryptocurrency, they have faced bad moment with bitcoin situation and ever get lost money by investmnet at bitcoin. stronger reason why they have dislike about bitcoin and cryptocurrency.

[rose9696]

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 Cryptocurrency is being used by bad guys to launder money and some businesses are tax evasion. That's why it's always been bullied by journalists and bad news about it. But with risk, you will also have a lot of money. This is the point I particularly like in the Crypto market.