Many Countries Government trying to stop bitcoin, what reason .......

[tetyulfania]

Many countries have stop for making bitcoin and altcoin are legal transaction, they always try for stopping and make bitcoin banned for using by their people, India have banned bitcoin not only for transaction but also as for holder or investment.

[Snyderfx2]

Mainly those countries governments have not ability to control bitcoin, they don't permit bitcoin legally. Other factors are banks are disffuse bitcoin at all.

Most of countries does that and the main reason is like you have mentioned bitcoin is the first decentralized digital currency in the world and that makes it untouchable from eternal organizations in any scenario which makes it uncontrollable and that gives a bad idea for traditional centralized systems like banks and governments because they are not used to deal with such systems so even bitcoin is so potential no government like to take a risk by accepting bitcoin locally 

[johnny508]

Specially governments wants to stop bitcoin because they think they are the most effected people when bitcoin continues to grow as a currency among people so they do everything in there power to destroy bitcoin and its progress to make there economical and financial future safe and that is why we see majority of online news and other channels are used by countries to spread false information regarding bitcoin and its bad side to the traditional financial world which is a very bad for bitcoins future

[aeternus]

In my opinion many countries fear to support bitcoin is they think all the transaction of their citizens will go in digital even with out any knowledge of the government's and to their country this will cause the damage to government plans But they have to think other side of the coin that people's life style will grow in a standard of economical high in which the government will gain directly and indirectly.

They will never take the side of the people, once a government is formed they stop thinking about the well being of their citizens and those that are in the system only care about how to keep their privileges no matter what, so something like bitcoin is a threat to them because if bitcoin becomes the main currency of the world then governments will have to get smaller and they will lose their jobs.

[jimskiy]

Many country try to make bitcoin become illegal transaction and do not give space for bitcoin become as payment transaction, they do not know how much profit could get in by making bitcoin as legal transaction.

[Sihab76]

Many countries governments don't permit bitcoin reason, they fear bitcoin as illegal transactions and they don't get any taxes or fees from transactions.

[Finestream]

Many countries governments don't permit bitcoin reason, they fear bitcoin as illegal transactions and they don't get any taxes or fees from transactions.

I agree.Even in my country it was once aired in the tv news that bitcoin is considered a scam and considered illegal.Many people have believed this fake news wherein bitcoin is involved indirectly.I also think that the government officials have fears from accepting cryptocurrency because transparency is what they feared of.They cannot collect excessive amount of taxes anymore once cryptocurrency will be a legal tool of payment.

[asus09]

anyone know what reason  stoping bitcoin many countries,,,,,,,,,,what reason ?

of course you can look for references in various sources or in google search if you want to know specifically. and almost all prohibitions from a country do not differ greatly for the reason. but one thing that we cannot reject and refuse, that digital development cannot be avoided, especially in the next few decades. and bitcoin is the only one that can be trusted

[DaWidyaa]

In my opinion because in their country they still really need banks as transactions in their country, and when bitcoin enters maybe banks in that country are no longer attractive.

[mirawantirinjana]

because bitcoin and other crypto currencies cannot be controlled by the state therefore many countries are afraid of bitcoin if legalized in their country

[trauchot]

Soon everything will change, the governments have already decided that they will begin to regulate cryptocurrency, because they understand that they cannot stop the cryptocurrency sphere and they know that they will make a huge amount of money on this, so it remains to wait 1-2 years and the cryptocurrency will be regulated.

[Mandy*]

Because BTC is a privately issued cryptocurrency, no organization guarantees it!
And BTC has some illegal applications, such as money laundering!
In order to ensure the country's economic order to maintain its own rule, the government blocked BTC to disrupt the economic order!

[Fredomago]

In my opinion because in their country they still really need banks as transactions in their country, and when bitcoin enters maybe banks in that country are no longer attractive.

Big banks still holding the economy of such countries, they are still dominating and authorities will keep their side to those businesses as they are getting more finances from them, with bitcoin / crypto existence this businesses will suffer and just like many other said, taxes are most important in any countries that will exist so it will be hard for them to allow it freely.

[KorakPawon]

anyone know what reason  stoping bitcoin many countries,,,,,,,,,,what reason ?

Simple, the major reason is control. Bitcoin is decentralized, government cannot control it. Meanwhile, bitcoin circulate in the majority which makes them easily. Of course government wouldn't stay watching this. They also need money to live their life, especially in the corrupt countries. They need tax from the regulation, while bitcoin is unregulated. So, simply, they get nothing from bitcoin.

[Roni116]

I think because bitcoin transactions are difficult to track because bitcoin is anonymous, and from that the government will be difficult to control bitcoin.

[rafi035]

maybe the reason for inflation in the local currency and of course all the negative results that will be obtained from the crypto currency but in my opinion the good and bad crypto currency depends on the intention and purpose of the investor itself

[wizardcrypto]

there are numerous reasons although few are considerate to my opinion why Government are kicking against bitcoin. citizen of these countries who are there government is fight against Bitcoion are
 1.citizens losing money to hackers daily which is crumbling the economy of the country since since hackers dont even spend the money within the country to develop the country ,
 2. this theft money can be use to sponsor terrorism attacks against the country .
 3. taxes might not be paid effectively , lots of people might want to hide their wallet since bitcoin transactions are decentralized and anonymous

[realcrypto]

Financial freedom may directly means total freedom, Financial freedom is one of the dream of Satoshi Nakamoto, The Government don't want the poor masses to get the freedom.

[wongdeso]

Various reasons for the government to stop bitcoin, such as the value of bitcoin that cannot be controlled, have a big risk, it is easy for hackers to steal etc. To avoid this bad possibility, the government is trying not to accept bitcoin.

[Anies_Sandi]

of course the bad reason for the results obtained in crypto currency investment for the country may be the massive inflation of the local currency and a means of money laundering