Countries have banned Bitcoin; Do you believe is because of criminal activities

[Hyphen(-)]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

The majority of nations prohibit Bitcoin and other cryptocurrencies due to the prevalence of criminal activity. While some people find it much easier to cheat or scam someone using cryptocurrencies than through traditional criminal activity, others are concerned about losing their tax revenue from large investors who can simply convert all of their investments into Bitcoin in order to avoid paying taxes. However, many people continue to invest in Bitcoin and other cryptocurrencies in violation of national laws.

[Agbe]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

I believe it is one of the criteria of a nation/state/country to ban the adoption of bitcoin. That their point of view of saying that bitcoin will be used to fund crime is nonentity. It is a water loss statement. State or Country government always have something to say either for excuses or accusation. Mostly whenever they see or hear something that is for the interest of the working class or under-class. Yes, the fear of the upper class and the middle class is the poor man to be a rich man, so as that they do all possible ways to make sure that the poor man is perpetual in poor in the society, so as that they (the middle class uses by the upper) can control the financial aspect of the poor. They are happy when you are poor.

Therefor, for bitcoin coming to the world to liberate the poor from the slavery and oppression of the middle class and the upper class is a very big offence, so they are using all means to ban bitcoin in their countries but as for me, those countries are injuring themselves. There will be a time that bitcoin will take over the world and at that time will see whether they will not accept it or not. When that time comes they will use another eulogize words to accept bitcoin.

[The Cryptovator]

It's just a stupid excuse. Are Criminal activities stopped if they ban Bitcoin? Never. It's nothing to ban Bitcoin, they just don't want to lose control of your funds. The centralized government won't allow enjoying financial freedom. They won't allow two currencies use where they don't have control. Also, many governments from poor countries don't understand Bitcoin technology or they aren't interested.

[Finestream]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

This has been discussed a lot before but for the information of everyone, only fiat enthusiasts believe that bitcoin funds the crimes, most particularly the government itself. If they can’t control and stop the popularity of bitcoin and it’s healthy competition with fiat, banning would be the best resort. I think that’s how government moves, to regulate and control the activities of people including bitcoin. If they have seen it the government won’t be benefiting from bitcoin, then it’s better to ban bitcoin so that all their citizens will only focus on fiat and on central banks.

[Slow death]

look at the countries that banned bitcoin, see that they are countries with a very hard religion and a form of politics that I would consider dictatorship, as a way for the party that governs the country to be able to control opposition parties and all people in the country, they limit the money that opposition political parties can have and create more poverty, for this strategy to work, the political parties that govern the country create many companies where they own and manage, in this way the entire private sector is partisan just like the government. now if you have such a high control system and then you see bitcoin as something decentralized then it is obvious that this type of government will never like bitcoin

[ChiBitCTy]

No I’ve never believed the narrative by most people who speak it, in terms of bitcoin being used for illegal activities. Most people who push that narrative typically have alternative motive for doing so. Countries want control and bitcoin takes it away from them in a large way. That pisses them off.

[Smack That Ace]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

The majority of nations prohibit Bitcoin and other cryptocurrencies due to the prevalence of criminal activity. While some people find it much easier to cheat or scam someone using cryptocurrencies than through traditional criminal activity, others are concerned about losing their tax revenue from large investors who can simply convert all of their investments into Bitcoin in order to avoid paying taxes. However, many people continue to invest in Bitcoin and other cryptocurrencies in violation of national laws.

I think the main reason is tax rather than being used for crime or other reasons. The government cannot control and manage bitcoin transactions so they will lose a large tax source and controlling citizens will become more difficult if everyone uses bitcoin as a medium of exchange.

Crime and fraud existed hundreds of years before bitcoin didn't exist, without bitcoin these evils are still happening every day so don't blame bitcoin.

[Zlantann]

How many drug lords or dons use crypto? How many corrupt officials take crypto bribes. How any warlords by weapons through crypto... I havent read about any in newspaper. But yes governments are  launching their own digital currencies, to compete with bitcoin. To me it seems more like a case of insecurities by government, rather than crime preventive measures.

I think I should localize your questions to match up the current realities in my country. How many kidnappers accept Bitcoin as ransom payment? How many armed bandit or robber ask for your wallet keys each time they attack? The government of my country is suffering from Neo-colonialism. They just copy every financial policy of their colonial master. If the US or British government legalize Bitcoin, the government of my country would also make the same decision. Generally, every government want to control the financial transactions of its citizens and Bitcoin seems to be a threat to that goal. 

[Michael White]

Criminal activities could be one of the reasons. But I think the main reason might be that they feel intimidated as cryptos have the potential to subjugate the fiat currency and sabotage the role of the government.

[South Park]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

It should be incredibly clear that governments are not interested in banning or regulating bitcoin because some people can commit crimes with it, until recently governments had a complete monopoly over all currencies around the world and for the first time they have competition, and as you may guess this is not something that they like and they are going to do everything that they can in order to avoid bitcoin to become too popular, but at this point they are probably realizing that this is going to be incredibly difficult to do, especially since it is becoming clear that they are losing control of the economy and people are looking for alternatives.

[yudi09]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

I suggest reading this (Bitcoin: A Peer-to-Peer Electronic Cash System) till the end and you will know the answer.
The prohibition of using Bitcoin because it is easy to fund crime in my opinion such reasons are too excessive, let alone considered a form of crime.

The history of credit bubbles and the collection of fees by banks at the time of the financial crisis hit around 1978 made many people's trust in the central bank diminished due to weak supervision. Bitcoin is here to provide advantages, one of which is that users can see or monitor transaction activity for themselves.

[mia_houston]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

Bitcoin is now an alternative in investing and also as a currency between the world, although it has many benefits and also offers many conveniences compared to the use of fiat money but there are still many countries that prohibit the use of bitcoin, I agree with  you , if it seems the reason bitcoin is used for crime is not the real reason for the ban because in my opinion crime (money laundering) can also be carried out without having to use bitcoin, the banning of bitcoin by many countries may be due to their fear of the possibility that bitcoin will be able to replace the role of fiat currency and maybe the structure decentralized bitcoin, it is possible that bitcoin will be outside the control of governments and financial authorities unlike fiat currencies so far.

[barbara44]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

Being used by most criminals is a fact and that is because it is private so authorities will have a hard time tracking them. So many scams, hacks, and other cyber crimes happening with btc but other than those, btc is also highly volatile. Now that's a lot of risks if combined all, that is why it's normal for some countries to ban btc for the said reasons.

The other one that you said (about control) is also true and this was the other reason on why a country can ban btc but I think they don't directly say that it was the reason on why they ban btc because it will show how selfish they are but they will use other alibi's, mostly the first one or the reasons that we talk about earlier.

[CryptoHeadlineNews]

It has become noticeably observable that when the higher class citizens in the country sees am opportunity that will help the lower class citizens live a better life, they fight with all strength just to make sure such opportunity isn't achievable. Why? Because they enjoy using others as slaves and want to be the only master forever. And same reason with most of these countries why they are banning Bitcoin, they just want to be in control of finance forever (as Bitcoin give citizens total control over their finance) not minding if citizens suffering or not

[Sanitough]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

Simply as that. Once they lose out of control of something, they will have to do everything to make it vanish or banned. Knowing bitcoin is decentralized in nature, that triggers them that whatever they do, bitcoin will never be totally eliminated. However, this excuse that bitcoin has been taken advantage by some criminals was already here when the people are not yet aware about bitcoin. But now that the people have started to be inclined with bitcoin, they can no longer manipulate them, even their financial transactions with bitcoin.

[coolcoinz]

This reasoning doesn't make a lot of sense if you think about it. Sure bitcoin can be used for criminal activity, but so can any other thing be. You can make moonshine at home and sell it - that's criminal activity. You can grow weed - criminal activity. Most people use cash and I don't see cash being banned. Bitcoin is used for just a few % of the crimes, the rest is fiat money.

Countries that ban bitcoin are usually afraid of people leaving the country and moving all their money abroad. That's why China did it and that's why Russia did it.

[Hamphser]

This reasoning doesn't make a lot of sense if you think about it. Sure bitcoin can be used for criminal activity, but so can any other thing be. You can make moonshine at home and sell it - that's criminal activity. You can grow weed - criminal activity. Most people use cash and I don't see cash being banned. Bitcoin is used for just a few % of the crimes, the rest is fiat money.

Countries that ban bitcoin are usually afraid of people leaving the country and moving all their money abroad. That's why China did it and that's why Russia did it.

Just a bullshit alibi or childish by the government on why they do ban bitcoin but honestly they are just trying to get rid on things which they do saw to be a big threat when it comes to centralization.

Without even trying to look back or seeing on what fiat had been doing all over the years in related with criminal activities and money laundering.It is really just they are spreading and emphasizing its cons into the
public just to make it look bad which its not surprising for government for them to do so.

Banning is common for countries which does have government that doesnt welcome anonymity and decentralization but we know that there are corners of the world
who do make out some consideration which is good to look at.

[dataispower]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

Bitcoin is not use for crime it is your own understanding and findings concerning Bitcoin thay countries  ban it usage because it's use for crime. Why government is attacking Bitcoin is because bitcoin can use to compare fiat currency for exchange and worth of values. Government don't have the power of regulating Bitcoin that is why they are acting in a such way that they want to terminate the uses and mass adoption of bitcoin. And since they started it they have not gotten the privilege to destroy Bitcoin, the only way they have now is to ban Bitcoin for their country

[coupable]

If everything that is used in the activities will be attended, it is better that the money is also attended because it is also used in those activities. Even kitchen knives are also supposed to be turned off before someone uses them to kill another. Countries will continue to impose restrictions on Bitcoin and crypto in general, after realizing that it represents a threat to the system that, throughout a whole history, has enabled it to impose absolute control over its people.

[peter0425]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts

so here we go again? for years now this has been asked and answered?  before Bitcoin who funded  the criminals? and without Bitcoin does crime totally stopped ?

is there something that stopping bitcoin do stop criminals from doing so?

if not then this post is nonsense and their reason are BS and not tend to bring good either both , their country or their people and also to bitcoin community .