Bitcoin is difficult to accept in countries

[suvo05]

I think if blockchain is used and welcomed by many countries then surely a financial coin may it be Bitcoin or any other coin based on blockchain will and must be accepted by them, I think the government fears the impact of it in the criminal world because criminals would then be able to recieve and send funds anonymously.

the government of each country must be different, some relieve bitcoin and some reject it. sometimes they see their potential so they do legality and they can exercise some control. whereas countries that have not seen legality might think like that, because handling bitcoin will be difficult in my opinion especially for small countries.

Though some GOV are totally against it and some allow bitcoin in their country they all want to regulate it. They are afraid of money laundering, tax hiding etc. So all the GOV wants to control it such a way that BTC could not have any massive negative(I mean against GOV) effect on their economy.

[acsalles]

Bitcoin is a cryptocurrency that has circulated in several major countries. But there are still many limitations because countries with a narrow vision of not being able to fully understand cryptocurrencies will benefit local businesses.

[imutlinda]

Bitcoin is a cryptocurrency that has circulated in several major countries. But there are still many limitations because countries with a narrow vision of not being able to fully understand cryptocurrencies will benefit local businesses.

bitcoin is actually accepted by several people in various parts of the world, but to get the legality of a country will be difficult. and this makes it difficult to develop in the world of bitcoin, especially in countries that still do not provide legality. because in some countries there is still rejection and also research to do legality, so we have to really wait for legality in all countries

[keeee]

Bitcoin is a cryptocurrency that has circulated in several major countries. But there are still many limitations because countries with a narrow vision of not being able to fully understand cryptocurrencies will benefit local businesses.

bitcoin is actually accepted by several people in various parts of the world, but to get the legality of a country will be difficult. and this makes it difficult to develop in the world of bitcoin, especially in countries that still do not provide legality. because in some countries there is still rejection and also research to do legality, so we have to really wait for legality in all countries

It is difficult for a country to accept it because it was decentralized coin.  Which no one has a power to control it even government. In fact only the legalization is the hard thing because at some point people accept it and used it as an investment.  Many people get rich and that is because of bitcoin. 

[Wintersoldier]

It's not that easy to accept digital world especially in some poor countries that don't have much access in the internet or that their citizens don't even know how to access computers and still have zero knowledge over the internet. So, it won't be that much easy to accept and adopt. In time it will happen little by little.

it depends upon the concept accepted by the country, if they don't support bitcoin merely, their mind is closed when the topic is based on crypto and in addition, the governments jurisdiction is needed especially when someone wants to establish their own local exchange that will basically open the cryptocurreny to their respective country.

[Maotezi]

Bitcoin is a cryptocurrency that has circulated in several major countries. But there are still many limitations because countries with a narrow vision of not being able to fully understand cryptocurrencies will benefit local businesses.

They can understand as surely as they can, but it depends on the state and the state, more precisely what the economic conditions of those states are, and each has its own point of view.
Of course, emerging countries will not want bitcoin, because they think that developing other countries is better than theirs.
I am very ashamed to live in a world of selfishness and some things I will never understand.

[SoeNan89]

Bitcoin is a cryptocurrency that has circulated in several major countries. But there are still many limitations because countries with a narrow vision of not being able to fully understand cryptocurrencies will benefit local businesses.

bitcoin is actually accepted by several people in various parts of the world, but to get the legality of a country will be difficult. and this makes it difficult to develop in the world of bitcoin, especially in countries that still do not provide legality. because in some countries there is still rejection and also research to do legality, so we have to really wait for legality in all countries

We only need approval from the SEC about the legality of Bitcoin, if they authorize and enter Bitcoin on the world stock exchange then I'm sure many countries will accept Bitcoin. Until now the proposal for endorsement submitted to the SEC is still unclear.

[tartibaya]

SEC approval no longer interests me. Prices used to be shaped according to the future response from the SEC. Bitcoin gained resistance. The US or another country is not directly fighting Bitcoin. I think it's an economic experiment.

[angrynerd88]

Government realizing the Blockchain is need f this era to stable the economy of the country,If central banks upgrade the technology and issue own coin as reserve and guide the financial institutions to make transactions with that coin,It will bring maximum revenue which can be utilize for the new projects around the state.

[Artemis3]

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.

Here is the deal: Bitcoin is not accepted by countries (governments), its accepted by (the) people. Big difference.

Those countries that tend to listen to their constituents, will allow it. The more oppressive regimes will oppose it, but sooner than later, most of the world will, simply because everyone is willing to.

Pretty much like coffee used to be banned in the middle east because it would stimulate rebellion against the State (historical fact).

Like many things, it becomes de facto and only later de jure, not the other way around...

A "deflationary" coin that simply doesn't lose its value overtime, in a world that has been preached over a century that inflation is necessary, to stimulate debt, credit expansion and this "growth" (Chicago). Such growth comes with a price, that is not attached when people instead save and then spend after having accumulated (Austrian).

Bitcoin cannot be accepted by people who have only learned the Chicago way, they fear it like the plague. With an Austrian economy you don't need a Central Bank or a Federal Reserve, in fact you don't need Banks for the most part, they can still exist but they have to go back to full reserve practices. So most of the non existent money that creates bubbles would disappear from the economy altogether.

[thirdlight]

As long as crypto is not regulated, it is unlikely that anyone will take it and use it, so when crypto is regulated, many countries will use Bitcoin for various purposes.

[omone1]

I believe a consensus is going to be reached in the future about the bitcoin, which will see a mass adoption since they have all try in vain to control and make it look bitcoin as been a bad investment. When all your propaganda can't stop an innovation, you need to embrace it. These bad guys are secretly buying bitcoin after all their unholy moves about the bitcoin failed.

[JeffBrad12]

As long as crypto is not regulated, it is unlikely that anyone will take it and use it, so when crypto is regulated, many countries will use Bitcoin for various purposes.

Still depends on the regulation though and a country will have their own regulation which might turns out to be a good regulation or bad for bitcoin. for example country with different circumstances and ideal might be a lot more "stricter" than the country with democracy resulting in bitcoin banning because they are afraid of their money fleeing out of their country through bitcoins.

[Arkann]

It seems to me that in the first place Bitcoin causes negative discussions due to its instability.  Governments cannot now allow legalizing cryptocurrencies so that citizens can fully use this coin in daily life, as this is fraught with big problems.  In my opinion, the situation can be explained as follows.  Cryptocurrency users who somehow already know something about the cryptocurrency market very often, in addition to generating income from the cryptocurrency, lose their funds due to inexperience or incorrect actions.  But if a simple person without experience and without understanding the cryptocurrency begins to use Bitcoin in everyday life or invest in the cryptocurrency, then at the time of the fall of the cryptocurrency market, he simply can lose all his assets.  It seems to me that people should become more literate in relation to cryptocurrency before using its daily life.

[Wintersoldier]

As long as crypto is not regulated, it is unlikely that anyone will take it and use it, so when crypto is regulated, many countries will use Bitcoin for various purposes.

Still depends on the regulation though and a country will have their own regulation which might turns out to be a good regulation or bad for bitcoin. for example country with different circumstances and ideal might be a lot more "stricter" than the country with democracy resulting in bitcoin banning because they are afraid of their money fleeing out of their country through bitcoins.

If and only if the government could see the positive implication of bitcoin to the community as well as when other countries are getting developed because of crypto, they could possibly adopt it. Who doesn't want innovation in the first place? Everyone wants to be ahead of the technology, and when technology is impacting the economy, it is a massive deal to take further actions in response to implementing the use of bitcoin and not banning it. I do really hope government could understand its importance and its impact to the society.

[Fatunad]

As long as crypto is not regulated, it is unlikely that anyone will take it and use it, so when crypto is regulated, many countries will use Bitcoin for various purposes.

Still depends on the regulation though and a country will have their own regulation which might turns out to be a good regulation or bad for bitcoin. for example country with different circumstances and ideal might be a lot more "stricter" than the country with democracy resulting in bitcoin banning because they are afraid of their money fleeing out of their country through bitcoins.

What do you mean bad regulation? As far as i know regulations are made for the safety of the people and imvestors. The people in cryptocurrency looks at regulation as a threat for the decentralization of cryptocurrency. But everything is regulated to protect the investors not to put harm on it.

[Wipeout2097]

Blockchain is a medium changed the world,Mos developed countries adopting it and underdeveloped countries thinning about it.Bitcoin will accepted by countries not sooner but the future f strong economy depend upon the Bitcoin and the block-chain technology.

[SummerBliss]

The best part when it comes to Bitcoin is that it is anonymous so you can actually bypass government and banks if you don't leave your identity trace by converting it in Fiat through banks. You can trade and earn btc and can spend it online without leaving any trace. That was the fundamental reason why Bitcoin was created in first place to keep government and banks out of the monetary system and let people decide and govern their money.

[BeManga]

The best part when it comes to Bitcoin is that it is anonymous so you can actually bypass government and banks if you don't leave your identity trace by converting it in Fiat through banks. You can trade and earn btc and can spend it online without leaving any trace. That was the fundamental reason why Bitcoin was created in first place to keep government and banks out of the monetary system and let people decide and govern their money.

i agree this is one of the reasons why many people are using bitcoin to avoid government out of the monetary system
we didn't avoid government because were doing bad things we just really want a visible currency that have a fixed supply
not unlike fiat where they can add more supply if they needed that's why the value of the fiat always drops after a decade
i realize before that if i will save some cash today it will not be worth the same someday.

[johnwest]

This already happened in many countries. For example China is trying to regulate companies which use crypto or Bitcoin but encouraging new start up to implement blockchain and applications.