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

[samuraijin]

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

Why the government forbids bitcoin, the reason is just simple, surely the government will not get money, because bitcoin is a currency that people might not know, and the government will not be able to see some BTC that person has, and that is very different from fiat currency, where you have so much money at an ATM then you will be taxed quite a lot and if you open a business you will certainly also be taxed for the construction and security of your money. so that's the reason why the government prohibits Bitcoin from growing in your country ...

[Snyderfx2]

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

I think the obstacle of the government does not allow and do well by bitcoin because there is no law on the existence of bitcoin or digital money or foreign money and I lead there because this bitcoin actually appears suddenly and can produce very satisfying results and I think we can make the country's economy fall I think so

Without a doubt like you have mentioned bitcoin is unknown for many countries and it can effect the economy in a higher rate of a country and that has become a main reason why countries are trying to ban or restrict bitcoin locally for there citizens so even there are many benefits that can gain by using it with the financial processes governments are afraid to allow it because they have no certain idea about the outcome of it and this has become a big issue for bitcoin to expand

[demenBTC]

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

I think the obstacle of the government does not allow and do well by bitcoin because there is no law on the existence of bitcoin or digital money or foreign money and I lead there because this bitcoin actually appears suddenly and can produce very satisfying results and I think we can make the country's economy fall I think so

your reason makes sense, because with the presence of bitcoin the government lost a substantial tax fund from the people who entered the bitcoin investment, but the government that banned bitcoin hasn't realized that bitcoin has changed the people's economy for the better

[ngocbkcse]

I think the main reasons for that are the possibility for money laundering and no regulation mechanisms.

[KuyaBreezy]

I think they are afraid of the loss of control that cryptos can cause in the government, we all know that the current financial system has close relations with the government and that causes a strong control with the citizens, as cryptos are decentralized and is quite difficult to control things over here.

[Jose Rizal]

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

Mainly I think for security. Bitcoin possesses the feature called anonymity and it was very accessible platform on which onvaders or future terrorist will be credited as an ordinary group of people, bit the country didnt know they they were slowly being invade, and the lives of people matter this will be a great threat for everyone, starting from drugs up to database anomalies will be possible.

[Joeyvicky]

Most government are predominately scared of the autonomy bitcoin will give to it members rather than the the government being the sole controller of it and in that case they  turn to schedule a lotof indescrepant claims on bitcoin as a way of aiding bad things rather than looking at the good side. Irrespective of thies claims on bitcoin, we have all witnessed what these traditional or national currencies are capable of doing but yet most countries are not worried about that but only bitcoin. And for me i know as most government start to change their mind the change will affect them so. For every good thing comes with a price and we will get there soon.

[kvipcn]

The basic reason why some country's government are trying their possible best to stop Bitcoin is that, they do not understand the purpose and the principles  behind how Bitcoin operates. When people lack understanding for a particular thing, they either try to prevent the progress of it or spread false speculation about it.

[nebiki]

The basic reason why some country's government are trying their possible best to stop Bitcoin is that, they do not understand the purpose and the principles  behind how Bitcoin operates. When people lack understanding for a particular thing, they either try to prevent the progress of it or spread false speculation about it.

certainly in a government knows what bitcoin is and what bitcoin goals are like, what they don't know is how to regulate and control it for safety and loss of crime, which is difficult for the government so many governments try to stop bitcoin.

[irsada]

they see bitcoin as a real threat that the government continues to oppose it.
but they never want to learn and want to know what the benefits of bitcoin are themselves even though there are already countries that legalize them.

[Cherylstar86]

The basic reason why some country's government are trying their possible best to stop Bitcoin is that, they do not understand the purpose and the principles  behind how Bitcoin operates. When people lack understanding for a particular thing, they either try to prevent the progress of it or spread false speculation about it.

certainly in a government knows what bitcoin is and what bitcoin goals are like, what they don't know is how to regulate and control it for safety and loss of crime, which is difficult for the government so many governments try to stop bitcoin.

It's something to do with the decentralization where the lack of central authority is the primary reason governments are afraid of the cryptocurrency. If you are a government you want people to use your government issued money, not any alternative currency. How can you keep track of everyone's money if they aren't using yours. If you are a bank you don't want people to use any other way to store, earn, or use their hard earned funds. However, I also think that government should take a little while to study the concept, be open to this new kind of innovation, and see the good sides of it.

[Lumi3004]

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

For me the government is too negative about Bitcoin, which all know that bitcoin is an investment for the general public, so many people invest in bitcoin reason, no taxation, the process is easy, the profits are good, the government prohibits bitcoin. for me the government does not have to prohibit bitcoin from developing bitcoin into the biggest state asset.

[thankyoulord]

well many countries try to stop bitcoin because they feel it is a risk as people can get to loose their money and this may lead to suicide or something bad. other government try to stop it because they can not control it and government normally does not like anything they can not control

[andika2018]

Many of the countries that do not directly prohibit the existence of Bitcoin but they are not fully legalized. Bitcoin gives us freedom in terms of the economy such as transactions, money transfers and others as it is, while it is contrary to the rules applied by every government of a country, therefore the government will always try to regulate it even though it will be difficult.

Its true, a country can not prohibit bitcoin because its decentralized cryptocurrency and government dont have regulation on bitcoin. Many government put bitcoin in grey area, can not used as currency in merchant but allowed trade in local exchanger.

[Twentyonepaylots]

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

Bitcoin is freedom because it is decentralized and governments did not want a decentralized system.  Bitcoin, take power from governments and give it to the people financially and that is what our politicians will not like.  Blockchain technology discovered is one of the greatest discovered of mankind and you should remember that anything that will help humanity is not always accepted by the governments.
We believe that the future is bright and we just need to allow bitcoin to be and in future governments has no option than to accept it.

 It is the Regulation issues on Crypto Currency Digital Transaction, the effects on main stream market, the fear on Scammer, Money Laundering, and the possibility of using Crypto Market on payment/ transaction on Drugs. These just a few indicators that being confonted by crypto on glabal acceptance by the government.

[Malam90]

Yes, there are many countries to prevent Bitcoin and altcoin for various reasons. They think that Bitcoin and crypto enhances money laundering, illegal ways of  using money like terrorist activities. Bitcoin transactions is peer to peer transaction and it is decentralized. Government has no control over this transactions and they don't get any taxes from it. They think investment in crypto is very risky and hackable so they aware their people not to invest in Bitcoin and crypto. There are some reasons too.

[Yusuf77]

Yes, there are many countries to prevent Bitcoin and altcoin for various reasons. They think that Bitcoin and crypto enhances money laundering, illegal ways of  using money like terrorist activities. Bitcoin transactions is peer to peer transaction and it is decentralized. Government has no control over this transactions and they don't get any taxes from it. They think investment in crypto is very risky and hackable so they aware their people not to invest in Bitcoin and crypto. There are some reasons too.

yes you are right, that crime is feared by the government if it legalizes bitcoin because bitcoin can be used by anyone and in any form. yes indeed when we talk about crypto, the risk will always be there. there is no risk in this world, all at risk.

[efxtrader]

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

Most country in the world not like about bitcoin and trying to stop. But government can not stop bitcoin because its decentralized. Most government dont like bitcoin because its decentralized and they reason is bitcoin used for criminal activity.

[bitcoinoffer]

Government dont like cryptocurrency because it is decentralised so it is not controllable and they cannot access the records. You cannot find the users behind the transactions so illegal activity is happening lot. They cannot manipulate bitcoin price like they do with fiat currency.

[miropp]

They see him as a threat. After all, if bitcoin is accepted as a means of payment everywhere, it can jeopardize the use of Fiat money. No state needs this, so many countries want to ban bitcoin.