Why should other countries did not accept Bitcoins?

[oktana]

Bitcoin has done nothing to them. They just want to keep people away from it because they are scared that citizens will be independent without the fiat currency. The government, the banks, they are just scared that citizens will reduce their usage/need of fiat. They want to be able to still have control over citizens and their funds. But, can they really stop it if we make it relentless? I guess not.

[Rajamuda]

They have different responses, related to the characteristics of bitcoin itself, how they respond to everything related to bitcoin, it greatly influences their decision to accept it or not / will be legalized or not. I think most governments are still too worried about the risks to the government system and banks, but it doesn't rule out the possibility because Bitcoin does show many positive sides... it can be well accepted even though it is not yet legalized as a currency.

[Ryder Kudrow]

Bitcoin is a decentralized digital currency, and no one can control and track its transactions. If bitcoin is used for criminal activities, the government cannot monitor it and it is difficult to track them. Some countries are also afraid of the economic losses that may be caused by the volatility risk of bitcoin.
But with the passage of time and the development of the digital economy, more government agencies and users see the value and benefits of bitcoin, and now more and more countries are gradually accepting it.

[Sithara007]

Acceptability will take some time. With so many internet scams and ponzis floating around, the governments are right in being cautious. That said, the acceptability from the authorities have improved over time. A few years ago, there were dozens of countries where even the ownership of Bitcoin was prohibited. Now the number of such nations are in single digits. This points to the growing acceptability of Bitcoin.

In developed countries, where the people are more aware of their rights, it is not easy for the governments to ban innovations like Bitcoin. In third world countries, it is much more easier to do, because the government can just claim that cryptocurrency is being used in a lot of crimes and it needs to be banned. But even in these countries, the situation is changing. A perfect example is India. There was massive outcry in 2020-21, when the government proposed to ban Bitcoin. In the end, they had to reverse their decision.

[seramania]

countries have their own policies for bitcoin issues. now what we need to know is what is the motive for the bitcoin ban policy, because what we know is that the state has certain policies related to the economy. so I think it's economic reasons that make bitcoin banned in some countries. does anyone have anything to add?

[LogitechMouse]

In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?

Here in our country, there are many Bitcoin-related scams that happened already and yet it isn't considered as an illegal. How's that then??
If somebody tried to use Bitcoin to scam people, will it be enough to say that it is illegal already? I don't think so because Bitcoin is just being used as a tool and it isn't Bitcoin's fault.

Governments want to have full control when it comes to the money and the economy of the country and Bitcoins or cryptocurrencies in general takes away that power of them.

[Dread Pirate Roberts]

Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?

Financial systems and regulations in each country are different. maybe the characteristics in bitcoin do not match the financial regulations in a different country. in my country bitcoin is still okay as an investment value asset. not as a means of payment because it is against the financial and banking regulations.

[suryana]

why other countries don't accept bitcoin,? actually it is their right, but if a country says bitcoin is illegal, of course we will not accept it, because bitcoin has never stolen money from banks, and bitcoin has never harmed any country, if a country does not accept bitcoin for reasons of wasting energy, even that doesn't make sense, the proof is that there are still many other companies that cause waste of energy and damage the environment, but instead are supported by the government, if I personally think the reason they reject bitcoin is because they can't control bitcoin..

I agree with you. If bitcoin is made as a means of fraud, this is also not bitcoin's fault. Bitcoin has never harmed anyone whether it's a country or a bank. In our place, bitcoin is still fine as a means of investing, even if you don't invest in stocks. However, the ban is aimed at the government issuing bitcoin as an illegal means of payment. The rest we are still free to invest.

[suzanne5223]

Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?

Financial systems and regulations in each country are different. maybe the characteristics in bitcoin do not match the financial regulations in a different country. in my country bitcoin is still okay as an investment value asset. not as a means of payment because it is against the financial and banking regulations.

That was so true. The regulation of every country are not the same but if the country is not governed by a military government and operated democratic way, there's no reason they should be against Bitcoin or any innovation technology which will move the country forward.
In your country why is Bitcoin against the financial and banking regulation?

why other countries don't accept bitcoin,? actually it is their right, but if a country says bitcoin is illegal, of course we will not accept it, because bitcoin has never stolen money from banks, and bitcoin has never harmed any country, if a country does not accept bitcoin for reasons of wasting energy, even that doesn't make sense, the proof is that there are still many other companies that cause waste of energy and damage the environment, but instead are supported by the government, if I personally think the reason they reject bitcoin is because they can't control bitcoin..

I agree with you. If bitcoin is made as a means of fraud, this is also not bitcoin's fault. Bitcoin has never harmed anyone whether it's a country or a bank. In our place, bitcoin is still fine as a means of investing, even if you don't invest in stocks. However, the ban is aimed at the government issuing bitcoin as an illegal means of payment. The rest we are still free to invest.

Government placing a ban on Bitcoin does not stop any of their citizens from investing in Bitcoin and it the liberation giving to individuals through Bitcoin that the government did not like because they all lied to us that we're in the democracy while they by some means govern us in collectivism way

[Jercyhora2]

We know that it has helped many who understand crypto. But like anything else, even if it does bring good, of course it also has things that can harm some. It's just like the way bad people use it to hide, or transact their wrongdoings just like criminals and terrorists. They can use it freely with any things that can bring harm to the majority. Not everything is perfect and that is normal.

[Myleschetty]

why other countries don't accept bitcoin,? actually it is their right, but if a country says bitcoin is illegal, of course we will not accept it, because bitcoin has never stolen money from banks, and bitcoin has never harmed any country, if a country does not accept bitcoin for reasons of wasting energy, even that doesn't make sense, the proof is that there are still many other companies that cause waste of energy and damage the environment, but instead are supported by the government, if I personally think the reason they reject bitcoin is because they can't control bitcoin..

I agree with you. If bitcoin is made as a means of fraud, this is also not bitcoin's fault. Bitcoin has never harmed anyone whether it's a country or a bank. In our place, bitcoin is still fine as a means of investing, even if you don't invest in stocks. However, the ban is aimed at the government issuing bitcoin as an illegal means of payment. The rest we are still free to invest.

Why do you think bitcoin was created for fraud?

Bitcoin was created as an alternative payment currency to make people financial freedom and as a solution to inflation. This is the reason Bitcoin exile during the total lockdown and the institutional investors sees that Bitcoin was indeed an alternative investment when the fiat is unable to keep up that why we have the institution as one of the major investor of cryptocurrency today.

[molsewid]

Bitcoin is a decentralized digital currency, and no one can control and track its transactions. If bitcoin is used for criminal activities, the government cannot monitor it and it is difficult to track them. Some countries are also afraid of the economic losses that may be caused by the volatility risk of bitcoin.
But with the passage of time and the development of the digital economy, more government agencies and users see the value and benefits of bitcoin, and now more and more countries are gradually accepting it.

For sure each country which doesn't legally adopted bitcoin in the circulation of their economy have their different reasons but in my own opinion the characteristics of bitcoin being decentralize is the main reason why there are still many country or government body who doesn't open to legalize the adoption of bitcoin or cryptocurrency. Here in my country cryptocurrency were widely known and many people wanted to get involved in crypto platform but the government imposing about the scams and the risk of getting involve which of course personally I know it's because it would be hard for our government to impose taxes on crypto users.

[skarais]

For sure each country which doesn't legally adopted bitcoin in the circulation of their economy have their different reasons but in my own opinion the characteristics of bitcoin being decentralize is the main reason why there are still many country or government body who doesn't open to legalize the adoption of bitcoin or cryptocurrency. Here in my country cryptocurrency were widely known and many people wanted to get involved in crypto platform but the government imposing about the scams and the risk of getting involve which of course personally I know it's because it would be hard for our government to impose taxes on crypto users.

We all know that every country's government has their own reasons why not to adopt bitcoin as legal tender and generally they assume that volatility and possible abuse of functionality are the reasons why they don't legalize it as legal tender. In the future I think these rules and regulation may still change and government start adopting bitcoin as a mean of payment, but so far I don't think we all have the right to force government and society to adopt bitcoin. Bitcoin is a decentralized currency and therefore everyone has the right to decide what they want to use including the government.

[Natalim]

For sure each country which doesn't legally adopted bitcoin in the circulation of their economy have their different reasons but in my own opinion the characteristics of bitcoin being decentralize is the main reason why there are still many country or government body who doesn't open to legalize the adoption of bitcoin or cryptocurrency. Here in my country cryptocurrency were widely known and many people wanted to get involved in crypto platform but the government imposing about the scams and the risk of getting involve which of course personally I know it's because it would be hard for our government to impose taxes on crypto users.

We all know that every country's government has their own reasons why not to adopt bitcoin as legal tender and generally they assume that volatility and possible abuse of functionality are the reasons why they don't legalize it as legal tender. In the future I think these rules and regulation may still change and government start adopting bitcoin as a mean of payment, but so far I don't think we all have the right to force government and society to adopt bitcoin. Bitcoin is a decentralized currency and therefore everyone has the right to decide what they want to use including the government.

Sad to say, people are just dependent on what is the government is telling them to do so. Yes we have freedom but i think its not fully exercise like if we want to use bitcoin but then its not even legalized by our government so they are still controlling us even if its not directly seen.

And knowing how bitcoin is fully decentralized, so it will never be accepted by the government knowing they don't have its full control. And not mainly because its illegal or involve in different scams which i think is just an exaggeration because its never in its context.

[carlfebz2]

For sure each country which doesn't legally adopted bitcoin in the circulation of their economy have their different reasons but in my own opinion the characteristics of bitcoin being decentralize is the main reason why there are still many country or government body who doesn't open to legalize the adoption of bitcoin or cryptocurrency. Here in my country cryptocurrency were widely known and many people wanted to get involved in crypto platform but the government imposing about the scams and the risk of getting involve which of course personally I know it's because it would be hard for our government to impose taxes on crypto users.

We all know that every country's government has their own reasons why not to adopt bitcoin as legal tender and generally they assume that volatility and possible abuse of functionality are the reasons why they don't legalize it as legal tender. In the future I think these rules and regulation may still change and government start adopting bitcoin as a mean of payment, but so far I don't think we all have the right to force government and society to adopt bitcoin. Bitcoin is a decentralized currency and therefore everyone has the right to decide what they want to use including the government.

Sad to say, people are just dependent on what is the government is telling them to do so. Yes we have freedom but i think its not fully exercise like if we want to use bitcoin but then its not even legalized by our government so they are still controlling us even if its not directly seen.

And knowing how bitcoin is fully decentralized, so it will never be accepted by the government knowing they don't have its full control. And not mainly because its illegal or involve in different scams which i think is just an exaggeration because its never in its context.

As if they do have any choice? Government would be the main decider on what are the things should be implemented or not into their vicinity and its no surprise that any decentralized things or cant be controlled would
really be out of their interest.

So its not surprising that there are really countries doesnt consider on adopting it and decide for being neutral as of this moment some are already banning it and some do already accept or adopted it.

There's nothing we can do since a country does always have their own governing body whom do really make out decisions as they please.

[Shohanur]

In my country, most of the people do not know about bitcoin and the benefits of it. Besides, government do not allow it because bitcoin is a decentralized crypto. Though it is good for us being decentralized but govt do not adopt as a legal currency. It may for centralized banks in my country. but I hope government will realize the benefits of bitcoin very soon.

[Ozero]

No offense for other countries 🌹

Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?

Many reasons why some countries treated Bitcoins an illegal. But we all know that Bitcoins did not break the rules of the government, in fact Cryptocurrencies are very popular nowadays especially Bitcoin, many people got successful by joining Bitcoin.

In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?

States and their governments have their own logic. They can recognize bitcoin and other cryptocurrencies as illegal if they come to the conclusion that cryptocurrencies only threaten the existence and normal functioning of their financial system. I'm not even talking about the constant accusation of cryptocurrencies in the presence of the risks of money laundering with their use and contributing to the financing of terrorism. For this it is not even necessary that it is true. The numbers can be made up or simply exaggerated. It is quite difficult to deal with this, because the cryptocurrency also has its drawbacks and they can easily be exaggerated by states.

[Dewi Aries]

Almost every people will have same answer, government did not want bitcoin to interupt their fiat. That is why they decise to consider bitcoin as an illegal thing. I think it shouldn't needed because bitcoin itself wouldn't disrupt fiat because to made adoption or maybe to made bitcoin as payment will need really long time and a lot work to do. And maybe it is hard to replace fiat.

[Stunzz]

The fact that bitcoin is decentralized is what's making those countries not to accept it as is use cases yet. Government wants to enslave us forever despite being in what we called a civilized world.

[TelolettOm]

It is complicated because related to a regulation of a country.
This also relates to the wisdom of a country in accepting and not accepting something new. they must have certain considerations and also significance to accept or not.
Some countries legalize crypto in any aspect. Some countries only legalize crypto as a commodity or digital assets for investing and trading but still don't legalize crypto as a currency. And some countries really ban crypto.