Theories of why BTC is restricted in China and Russia

[Balthazar]

UP

http://rt.com/news/218019-bill-ban-bitcoin-russia/

It seems that attempt to pass this bill has been failed due to sharp criticism by Ministry of Economic Development.

[Troonetpt]

Because both of them are not democracy country.
They are afraid people own the free will.

[btc-facebook]

They still lack of the security (got hacked for example)
 so both of them doesn't want to let their people got suffer because of it

[pitham1]

They still lack of the security (got hacked for example)
 so both of them doesn't want to let their people got suffer because of it

You seriously think Bitcoin has been restricted because these governments don't want their people to suffer? 

[Balthazar]

One fool said something and then crowd acts as echo repeater... This kind of behavior reminds me of something.  

Guys, do you really capable to read only the topic title? C'mon, it's getting boring.

[galbros]

the simple answer is probably the right one. They want control of their own money.

I'd say they want control over their people.  If you limit what people can use for money to something only you control, that increases your power.

Totalitarian regimes suppress their citizens, use of bitcoin is simply one example.

[Rishblitz]

both countries want to help their own currency not make a bunch of Americans and Europeans richer.

[GeorgeFeb]

both countries want to help their own currency not make a bunch of Americans and Europeans richer.

Nah, it's coz Russia & China are even more fucked up than the other countries & coz Russian gov want to hold all its cattle managed!

[Rishblitz]

both countries want to help their own currency not make a bunch of Americans and Europeans richer.

Nah, it's coz Russia & China are even more fucked up than the other countries & coz Russian gov want to hold all its cattle managed!

I think Russia gets more accomplished politically (internally as in making new bills and such) than the U.S does.