Bitcoin is difficult to accept in countries

[whyrqa]

I believe that many countries resist the legalization of cryptocurrency due to the fact that in the first place they will lose income from international payments.  If today money is transferred from one bank of a country to another country, then taxes and interest will be charged, and if this is done using cryptocurrency, no one will be able to trace the money transfer and the user will pay only the cost of the transaction on the network.  But nevertheless, if the cryptocurrency is legalized, then each user will be able to use cryptocurrency in their country legally, if each entrepreneur declares his activity with cryptocurrency.  Of course, this requires certain laws, and in this I do not see any problems for the state.

[dothebeats]

Most countries rejecting bitcoin still haven’t find a way to get those juicy taxes off of bitcoin-related gains and make it seem like it’s justified. They will, in the future, surely accept bitcoin when most countries did, and have come up with a rather logical way of taxing people again without the concerned party resisting too much. That’s the only side I could view this issue on, or that they are brewing their own crypto to push to their citizens for an even greater amount of control to their financial activities and whatnot.

[BlackFor3st]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

This is a great question but I wonder if this will happen especially that bitcoin is King of blockchain even if it has anonymous team behind it. Blockchain become more popular because of bitcoin and with regards to Chinese president, they are planning to launch their own currency so there is a big chance that they will boycot bitcoin even if it is the mother of all the currencies.

It's about the benefit that they can get and it is not about who started it first. Bitcoin cannot be separated but there is a big chance that big countries will create their own currencies that will benefit them and bitcoin will be left behind.  

[qwertyup23]

The rejection and acceptance of bitcoin depend upon several factors which cannot be easily implemented. With its anonymity and decentralized factor which strip the power of government of control and tracing over its transactions, you cannot expect that it could be easily accepted. But despite this huge hindrance, there are other countries that accept its utilization with regard to its implementation. Basically, they see that the merit outweighs the burdens.

[rodel caling]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Yeah is truly correct mate, people why asking a lot of country leaders didn't understand the importance of bitcoin as new hope of people to get out into the poverty. One things I cinclude why some government don't want accept bitcoin as legal because they it to control as currency.

[crossabdd]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

in my opinion some countries hate bitcoin because they feel it's not profitable even very detrimental to the country, when its citizens invest bitcoin, bank revenue might decrease, especially bitcoin is not taxed, so that the government does not benefit anything, while blockchain technology can be utilized by the government to benefit, because the government can control the blockhain technology they make, but they don't have control over bitcoin.

For some countries they can't accept it easily as they have no control over it, they want to mandate and imposed tax first before they will say to people that it is legal, but as of the moment, they can't accept it because they think that Bitcoin will be a hindrance in stock market as people choose to invest in Bitcoin than in the stock market.

Decentralization and taxation law. It is the main concern of most countries that find it hard to accept bitcoin. It will bypass the fund circulation inside the government and it might affect the allocation of economic resources. More consideration required for them before they finally are able to accept bitcoin. More things to look for before it happens.

yes guys, as long as it doesn't benefit the state and government. it will continue to be controversial. basically, the duty of the state is to prosper the people. but when bitcoin will prosper people. country is blocking it. various reasons are used for not accepting bitcoin. as an example of the community in this forum. is it better in the economy and finance before we know bitcoin? I personally don't. my economic and financial situation improved when I learned about bitcoin and this forum.

[Murat]

That's true. when the big countries talk about blockchain then the cryptocurrency appears in an acceptable mode, but they are not talking about Bitcoin at all which is the fundamental element of this platform, I think there is a hidden conspiracy towards Bitcoin. if all the cryptocurrency price will get increase then Bitcoin's price will hamper and also it's credibility will face a huge crisis, but there is also a hope of light which is the familiarity, Most of the people still know only Bitcoin rather than cryptocurrency, so I think Bitcoin will also get accepted by this time with cryptocurrency.

[tambok]

That's true. when the big countries talk about blockchain then the cryptocurrency appears in an acceptable mode, but they are not talking about Bitcoin at all which is the fundamental element of this platform, I think there is a hidden conspiracy towards Bitcoin. if all the cryptocurrency price will get increase then Bitcoin's price will hamper and also it's credibility will face a huge crisis, but there is also a hope of light which is the familiarity, Most of the people still know only Bitcoin rather than cryptocurrency, so I think Bitcoin will also get accepted by this time with cryptocurrency.

There were countries like China who doesn't want Bitcoin, maybe because they have no control and power of it, so they can't take it, what they wanted is for them to be the most powerful in the world in all aspect.

Still, these past few months we can say that Bitcoin is rapidly adopting by most people because government is trying to regulate it.

[EdvinZ]

I think Bitcoin will take a significant part of the money from the banking system and put it in the pockets of citizens. Citizens will be their own “banks” and will be able to send Bitcoin to each other without any intermediaries. That is why we see such an ambiguous attitude to Bitcoin in many countries of the world. It revolutionizes the established financial system, which is unprofitable for many.

[barabarian1]

yes I agree with you most countries reject bitcoin because this anonymous can be used for criminal acts of money laundering and terrorist financing. then decentralized bitcoin was not liked by the government because they were afraid that bitcoin could threaten the financial system and defeat them. and for blockchain technology I think almost everyone is positive. because blockchain provides a new breakthrough in technology and makes all transaction processes easier, safer and faster. so I think that a country can adopt a blockchain to be implemented in their country but doesn't accept bitcoin as a currency.

[vintages]

The acceptances of the blockchain technology does not grantee the acceptance of Bitcoin because the two projects are different yet somewhat related because of the authenticity.
Moreover, the point you made is the real cause of why the China government and some of why the world government refuses to accept Bitcoin.
Generally, the government hates what they can't control and tries every possible means to eliminate such threat.

[Bitcoinislife09]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
Share your opinions.

Blockchain is loved because it provides a way for advanced countries like China, America, Australia, Japan, and other really advanced countries to be able to move their financial systems forward into a system that is even easier to trace and is just better than our current one.

Bitcoin is hated because it uses blockchain technology - but Satoshi also added a spice of decentralization which means no government will be able to control it fully (unless they own so much BTC they can market manipulate), and that's one of the main reasons why it'll be hard for the state to be accepted as a currency.

If your talking about hard forks, for separation, it could happen, but it wouldn't be bitcoin anymore - BTC without decentralization would be weird...

I think bitcoin is already a great technology itself and already become popular in a lot of countries to the point that it is already recognized and use in a few countries like Japan, they already use it as cash or digital cash to have a cashless transaction. Also, I think the problem is a lot of countries are still not ready for these kinds of future technology first a lot of people don't know about bitcoin also a lot of people recognize banks as and debit cards because this is what they mainly use. But we know that bitcoin works like this and potentially works smoothly than banks etc. But it could only be done if a lot of companies recognize and accept bitcoin as cash.

[fortunecrypto]

I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Bitcoin is the product of blockchain if they accept blockchain they should also accept or even honor its first product out of it and if they accept blockchain, they should accept it's creator, we cannot separate the two Bitcoin and blockchain, Bitcoin will always be associated with blockchain and blockchain will always be associated with Bitcoin.

[Aying]

Anonymous background of bitcoin is the one who pulls it down, a lot of people is hard to acquire or identify what is bitcoin purpose in our society. there is always fear and dread on their mind because of bitcoin negative side. if this continue spreading, bitcoin will not surely recognize by the government. however we still have time to to change it. and to show others that bitcoin will help us to achieve real change in the future. countries will allow bitcoin to spread if they find it useful to them.

[BigBoom3599]

I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Bitcoin is the product of blockchain if they accept blockchain they should also accept or even honor its first product out of it and if they accept blockchain, they should accept it's creator, we cannot separate the two Bitcoin and blockchain, Bitcoin will always be associated with blockchain and blockchain will always be associated with Bitcoin.

I highly doubt that honoring Bitcoin will be on the governments mind when accepting blockchain. Look at China for example, they are planning on launching their own blockchain/coin so that they can control it and so that there is no need for any other blockchain (BTC or alts) that they cannot control, they really will not care that Bitcoin was the first. The only thing they want is to be able to control it.

[Doell]

blockchain and bitcoin are often hot chats and are considered trivial by the government ,one day they will realize the use of bitcoin as the most appropriate payment option for each country ,the anonymous nature of bitcoin is often used as a problem but actually the problem exists because fiat printing can be in fake by mafia but bitcoin cannot be faked

[Darooghe]

Simply because Bitcoin is a financial instrument or a currency and they can’t think of a way to control it. the whole idea behind cryptocurrencies, at least the decentralised ones like bitcoin, is to take out the financial control from the banks and governments. since this will prevent the governments from taxing people and thereby take out their control over economy of the country. If everyone started accepting Cryptocurrencies tomorrow we could be free from all involuntary taxes. Wouldn’t be surprised if those that forbid or illegal it, allow it once they figure a way to tax it.

[Flor1982]

Countries that wont accept Bitcoin and the blockchain are very few compared to the numbers of countries that are supporting the Bitcoin existence and besides those who supported Bitcoin existence are mostly strong in talking of economy and influence like China, USA and Russia in which these countries are most respected that they openly supporting Bitcoin and utilizing the blockchain technology to their needs therefore we should not worrying about those small countries that won't accept Bitcoin as sooner and later they will realize of how important the Bitcoin concepts is.

[Astvile]

at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.

Maybe it is because the government doesn't see any help that bitcoin can provide in their country and the whole monetary system, unlike blockchain that has the potential to be very useful in every aspect of the government system, financial and many more blockchain technology can be used on improving the whole government system now.

[ChrisPop]

The thing is that governments and banks are kind of frigthened about Bitcoin. They do however embrace the blockchain technology as that could really add up to the bank & public systems' transparency and efficiency. I noticed that they try to stall the time so they can come up with their own cryptocurrency. That's what China and Facebook is doing at the moment. They want capture the cryptocurrency momentum to create and implement their own "centralized" crypto to the population. In my vision this is how the crypto revolution will end up: countries create their own "regulated" cryptocurrencies and Bitcoin will become a worldwide mainstream currency like Gold is for fiat.