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

[Codswallop]

The fact that crypto is used for severe crimes and illegal activities such as terrorism cannot be ignored. Not everyone can control it and also such illegal activities. can lead to serious circumstances. This is why most of the countries are actually afraid of crypto. They think adoption of bitcoins will lead to more crimes.

[Osteoid]

The volatility and decentralization of Bitcoin have made it popular in many countries, but this has also made certain countries afraid of it. Some see it as a danger to their current monetary systems, while others worry that it will be used to finance illegal activities such as drug trafficking, money laundering, and terrorism.

[jrrsparkles]

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

Its just an excuse to ban but I don't think we have complete ban on cryptocurrencies in this world because it doesn't even cross 10% if I am not wrong on the other side governments are trying to discourage the use of cryptocurrencies by imposing high tax rates so that people won't be using it and also they don't take the blame of controlling the new technology.

[theCommittalist]

Think of all the economies thrown into turmoil overnight. Bitcoin gives them another option. It's volatile but the general trend has seen its price steadily increase since creation.

[Easteregg69]

I believe it's because you are ignorant and you don't visit them they come up with such ideas.

You try buy a gram with BTC.

[coinycoiny]

It's banned to protect idiots and to stop wasting electricity.

[m2017]

It's been discussed 100s of times here. But for the most part it seems to come down to taxes. If you can move large amounts of money in whatever form without the government knowing then they don't get their tax revenue. So they try to regulate & control ways of moving money so they do get their cut of it.

Anything else is all smoke an mirrors and excuses.

-Dave

I fully agree that any government wants to receive taxes on every sale of goods and services. In fact, this information is not at all new to many. Trying to ban bitcoin is a way to stall until there are ways to get taxes from it. Once they figure out how to do that, all bitcoin bans will be lifted. Also, an element of control is still important for them: who, where, what money sends and the ability to block any transaction that is available in the traditional financial system. So money and control are the most important thing for them, and under what pretext they forbid it these are all trifles.

[glendall]

the classic alibi if bitcoin is used for criminal acts, as we know before there was bitcoin also criminal acts were high,
The main reason bitcoin is banned is because the government is difficult to control it, unlike fiat

[Fivestar4everMVP]

Most countries are giving excuses and  reason for banning Bitcoin is because it can easily be used to fund crimes.

This is deception in its highest order, Before Bitcoin came into existence, Crimes were being committed every day and those crimes were funded.
Now, my question is.. if it wasn't or not easy to fund crimes with fiat, how was the crimes committed before Bitcoin came into existence funded then?

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

You are absolutely right, they hate Bitcoin because of its decentralized and privacy oriented nature, they just can not understand how to still be in control if everyone switch to Bitcoin, so they look for all means to make sure Bitcoin does not succeed, but then, we aren't in the 60s, 70s, 80s, or 90s anymore, citizens of this 21st century know better.

[romero121]

Bitcoin is used much on criminal activities is just a reason. The reason according to me is the lack of infrastructure to tax the users of cryptocurrencies. For example the government can have control over the Exchanges and keep track of user data for taxation. Same as that when a transaction is done between two users through a custodian wallet, the government isn't able to make a taxation.

[Viscore]

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

You can't expect for the government to say good about bitcoin, they will always create FUDs that will scare and threaten the people to avoid bitcoin at all cost. However, this excuse existed already before and maybe has worked before since the people are not yet familiar with bitcoin. But now that bitcoin has become a mainstream, and has proven its usefulness in more than a decade, only those who believe from this excuse are those left naive and fools. Those who are already aware on the facts about bitcoin will never be fooled anymore.

[Abiky]

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

Countries are only banning Bitcoin because they're afraid it'll be used for money laundering and tax evasion. Some countries think people will stop using Fiat altogether in favor of something they cannot control. That's why China, and most recently Russia, are preventing people from using Bitcoin as a medium of exchange for good and/or services. Banning Bitcoin only prohibits businesses and individuals from using it. But that won't stop the network because of its decentralized and censorship-resistant design.

Anyone can simply access the Bitcoin blockchain directly through the Core wallet using a VPN, for complete peace of mind. To stop Bitcoin, the Internet needs to be shut down for good. But we all know that's impossible to achieve. It doesn't matter what a few countries think about Bitcoin as long as the majority is supporting it. Who knows if opposing countries give up and join the revolution within the not-so-distant future? Just my opinion

[uneng]

Some governments are afraid of bitcoin, because their national fiat currencies are weak and valueless, what can encourage citizens to stop dealing with fiat and adopting bitcoin for every daily transactions. In case that happens, the local economies will collapse temporarily and that is the reason why I think some governments are so concerned about bitcoin adoption. In fact, they just need to learn more about bitcoin and open their minds to new ideas that could help them improving the life quality of their people and financial standards. They should follow the steps of innovative countries which are ahead in technological and social matters, also adopting a friendly stance towards bitcoin.

[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

Countries are only banning Bitcoin because they're afraid it'll be used for money laundering and tax evasion. Some countries think people will stop using Fiat altogether in favor of something they cannot control. That's why China, and most recently Russia, are preventing people from using Bitcoin as a medium of exchange for good and/or services. Banning Bitcoin only prohibits businesses and individuals from using it. But that won't stop the network because of its decentralized and censorship-resistant design.

Anyone can simply access the Bitcoin blockchain directly through the Core wallet using a VPN, for complete peace of mind. To stop Bitcoin, the Internet needs to be shut down for good. But we all know that's impossible to achieve. It doesn't matter what a few countries think about Bitcoin as long as the majority is supporting it. Who knows if opposing countries give up and join the revolution within the not-so-distant future? Just my opinion

Of course a reason that was made intentionally and the reason made is very reasonable because Bitcoin transactions are quite easy, they only require an internet network to make transactions and in transaction activities each user can directly monitor who is the sender, who is the recipient and how many transactions.

"In every transaction, the user will get two keys, namely a private key and a public key. The purpose of the private key is to write a record of transactions carried out by a person or the first party in a personal block, while the purpose of the public key is used by the second party and all users to record the transaction and in every transaction, the second party will also get a private key which will write the transaction in the block, meaning that it does not involve a third party."

From these advantages, it is clear that the ban on the use of Bitcoin is an excuse made intentionally because the country's largest income is in taxes, natural products and others.

[adzino]

It is more like because they don't know how bitcoin works. So instead of learning what blockchains are and how it works, their only solution is to put a complete ban on them. Funny right? What is more funny is that the list of the countries that put a direct ban on usage of bitcoins are the once that are either under developed or highly corrupted.

The people of those country should come forward and preach what bitcoin is to others and force their government to legalize it!

[kamvreto]

It is more like because they don't know how bitcoin works. So instead of learning what blockchains are and how it works, their only solution is to put a complete ban on them. Funny right? What is more funny is that the list of the countries that put a direct ban on usage of bitcoins are the once that are either under developed or highly corrupted.

The people of those country should come forward and preach what bitcoin is to others and force their government to legalize it!

I am in a developing country that prohibits bitcoin to be used as a legal tender in place of fiat, but the regulations provided for Bitcoin are in the form of commodity assets or assets that can be traded on the condition that no one bears the risks caused by crypto investments. In my country Bitcoin is well known as a valuable digital asset and many people are starting to invest in it. Even though it's only a commodity, bitcoin still has a lot of fans. some countries that carry out a complete ban on bitcoin not only because of criminal activities, it's because there is no complete control that can be applied to bitcoin or cryptocurrencies.

[Mpamaegbu]

It's been discussed 100s of times here. But for the most part it seems to come down to taxes.

If that were the reason wouldn't it be easier for government then to find a way of deducting taxes than chasing shadows. That should be what they ought to work on instead of attempting to strangulate what they can't in the real sense control. If Bitcoin weren't decentralized, by now it won't be where it is today. Politicians would've made a mess of it. I think differently about the tax angle but tend to side with the OP, looking at the scenario based on my country's decision to go hard on cryptocurrency.

👇

But I think they are afraid of losing control of their citizens' financial activities

[Jo_Liu]

It is banned in China. The criminal activities occur when Bitcoin or other cryptocurrencies were used to fund crimes , fraud and do something totally out of law. It is a huge thing, and when you have no sufficient knowledge about it, you will easily lose control and motivated merely by your implusion. And it is not easy for govornments to take everthing under control neither. Chinese are more prone to invest in gold. https://xtrading.com/financial-questions/how-to-purchase-gold-as-an-investment-in-2022/

[tbterryboy]

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.

That is what they have failed to understand, banning Bitcoin in your country does not in any way stop criminal activities. So it only goes to show how obvious the hate and frustration is, which is why they came up with the idea and then blamed it on an irrelevant reason. Most of these countries that are banning Bitcoin, their government are even the real criminals using pen and papers to steal from their treasury, now they are hating on bitcoin for no good reason.

[theCommittalist]

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.

That is what they have failed to understand, banning Bitcoin in your country does not in any way stop criminal activities. So it only goes to show how obvious the hate and frustration is, which is why they came up with the idea and then blamed it on an irrelevant reason. Most of these countries that are banning Bitcoin, their government are even the real criminals using pen and papers to steal from their treasury, now they are hating on bitcoin for no good reason.

Rape & pillage used to be called conquest. Now conquest is called government. Bitcoin lets them know where we all stand, support the movement folks, be steadfast in these trying times