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

[Biscutard]

We should expect constant opposition to Bitcoin and other cryptocurrencies because of the way they were designed. This is normal and shouldn't be a reason to be alarmed. CBDCs will be launching soon, so it's likely the majority will go against crypto for their own interests. Just my thoughts

There are some people who are always find to different ways to commit crimes. When they learn that there is no fear in financial transactions through Bitcoin, they choose it as their weapon. But there are many such events that happen by fiat money as well. So the government should realize its importance and allow it according to the positive effect.

Depending on crime rates, there's always a money involvement for the reason of the crime and we can't deny the fact that there are people who can't control their emotions. By fully controlled by their emotions and fear, they will be acting blind to commit unethical things. Bitcoin have dominate the digital currency of the whole world that's why people with bad intentions, will see bitcoin as a major subject or reason for influence.

[Mr.right85]

Depending on crime rates, there's always a money involvement for the reason of the crime and we can't deny the fact that there are people who can't control their emotions.

Crime rates. Crime rate in most developing countries are high and a few other places where the economy isn't so good or have been depreciating, it drives humans to the brink of it and then you see people engaging in crimes as a means to survive (Am in no way trying to justify crime, its grossly bad). If government could ensure availability of jobs and a stable economy, people would rather seek out those jobs than look towards a life of crime.
I don't think crime is the major reason why most governments have resulted to banning bitcoin. Yeah, it is a parcel of it but, its chiefly the lack of control by the government. I mean, a functional system, used in a large scale that they can't explore to generate revenue from those that operates it, it's a NO for them.

[maartenhaha]

I've often read things like this the last I read about the bitcoin ban is news from china the chinese government banned bitcoin miners in their country but even though now many countries are banning bitcoin but the price of bitcoin is still holding up until now bitcoin price is increasing for me personally even though the country forbids it bitcoin for their own reasons but it has no effect on the confidence of large investors in bitcoin and bitcoin is still around today even when bitcoin will not be affected by news like this again.

[Mahanton]

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

1. Money laundering
2. Increasing criminal acts
3. Volatile and risky
4. Attaching into crypto scams

This is where media do put focus on and that what makes bitcoin or crypto as a whole looks bad into the eyes of those citizens which does have zero knowledge
which would result into bad impressions instead but time will come that they would really do know the truth and would totally oppose
on what they have seen back in the past and going against it.

[BITCOIN4X]

The average says bitcoin helps criminals, but in reality bitcoin is just the same instrument or tool as fiat in criminal matters. I do not believe that this opinion is justified, because frankly the government does not want its centralized financial system to remain undisturbed by the presence of bitcoin.

Legality and prohibition are their way of preventing use and circulation. But the point is the government is just afraid of the other potential that a lot of people can do with bitcoin, and I would probably say is an unfounded form of resistance.

[Joswa Russell]

The percentage of crypto used for illegal activities is not very big. I think it's because of taxes why countries are regulating crypto.

[BITCOIN4X]

The percentage of crypto used for illegal activities is not very big. I think it's because of taxes why countries are regulating crypto.

Taxes are one of them, but as a new currency, bitcoin can be subject to law under the jurisdiction of any country. You can legally use it as a means of payment if your state does not prohibit it, but you must comply if your state prohibits it as a means of payment but you can legally trade it.

Currently my country has taxed every trader who trades his assets on a registered centralized exchange. It's already into the second month for anyone trading there, so taxes are one of several reasons why the government regulates them. The rest, I think another reason that is often mentioned is the problem of possible illegal acts and disruption of the national economy.

[Morosophy]

Imo, criminal activities were there before bitcoin even came into existence. It is just an excuse. Cryptos being of decentralised nature are highly potential and governments are afraid as they have no control over cryptos.

[Kelvinid]

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'd see they are right and it found reasonable for them. However, we can't just say that it is only negative things we may get from Bitcoin, there many benefits that we can get from the use of it,
 - profit - as an investment/trading
 - can be used as a bill payment
 
But I see there is another reason why they banned  Bitcoin and that was because they don't have control, not taxes, and we don't need banks which creates a huge decrease of their income.

[Gyfts]

IMO there's more than one reason why they ban it. Usually it's because they're afraid of people hiding their wealth and being able to transfer money abroad without the government's knowledge.
The second popular reason is they're afraid of bribes. In India the government officials were taking crypto bribes and those who found out about it overreacted and banned crypto, instead of using severe punishments to make it not worth for public servants to take bribes. The third most popular reason for banning is CBDC. Countries who want to launch their own crypto treat bitcoin like competition.

I've been loosely following India's overhaul of crypto currency from high taxes to what will eventually be an outright banning. They'll be one of the largest countries in the world to have done it, which sparks my interest as I believe other countries will attempt to mimic their model.

I'm more convinced India was using bribery as a scapegoat so they could make a palatable excuse to the public as to why they want to ban crypto, not that they would need one, but it helps. Nirmala Sitharaman has said crypto goes against India's fiscal and monetary policy (I'm glad she admits it, unlike other governments). Their intention is fairly clear.

I understand India has more corruption problems than other nations, but I'm not inclined to believe this corruption would be solved by banning crypto.

[2stout]

No, not mainly since fiat is used in most criminal activities.  This is mostly about monetary control which in turn allows greater control over the people, all the while fiat continually gets devalued due to overprinting, making it even harder for folks to substantially get ahead, let alone build wealth.

[BobK71]

I understand India has more corruption problems than other nations, but I'm not inclined to believe this corruption would be solved by banning crypto.

Yes, corruption is also high in the Indian subcontinent. Which is very difficult to control by the government. If Indian government fully legalizes cryptocurrency, they won't find a edge of the economy. Since corruption is high, the possibility of money laundering is also high. But keeping in mind, crypto can never be suppressed or regulated. The current indian government realize this and approved only crypto trading business.

[gunhell16]

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've read this topic several times in this forum, it's just a little different, but the point and theme is the same. But I will still answer what you made the topic.

If there is a country that wants bitcoin differently or ban it, we can't do anything about it and whether we don't want it or not, the first to be affected by it are their citizens who are bitcoin and crypto enthusiasts. It may be true that they are worried because they will lose control if they legalize it. But why did other countries make it legal? that's the question? That means, they did it because they saw a good side of Bitcoin or cryptocurrency that other countries didn't see, am I right?

This is a matter of common sense only actually. And criminal activities always in the hand of the people's
choice. Its up to the person if they want to use bitcoin in good things or bad things. This is a matter of choice
dude.

[Issa56]

I've often read things like this the last I read about the bitcoin ban is news from china the chinese government banned bitcoin miners in their country but even though now many countries are banning bitcoin but the price of bitcoin is still holding up until now bitcoin price is increasing for me personally even though the country forbids it bitcoin for their own reasons but it has no effect on the confidence of large investors in bitcoin and bitcoin is still around today even when bitcoin will not be affected by news like this again.

No matter how countries ban bitcoin, it can't kill bitcoin it can only reduce bitcon price and with time the price will bounce back. If bitcoin is ban in a country, the citizens will still look for a way to trade bitcoin, so countries banning bitcoin they are just wasting their time because people will still look for way to access crypto exchange and they will buy bitcon. Most countries are banning bitcoin just because of their own selfish interest and all the reasons they are giving is not valid.

[Hypnosis00]

They all have many excuses and some personal beliefs about Bitcoin. Whether they are right or wrong (mostly), that was their decision and we don't need to argue until such time they will realize that they are wrong.
 * increase illegal activities
 * Fraud
 *scam

We mostly heard these things - but actually, all of them already exist before Bitcoin which is why their claims are wrong.

[bestcoins1]

Imo, criminal activities were there before bitcoin even came into existence. It is just an excuse. Cryptos being of decentralised nature are highly potential and governments are afraid as they have no control over cryptos.

What you're saying makes a lot of sense, because it's not about criminals happening but about not being able to have control over crypto itself by the government because of the decentralized nature of crypto. So the reason for the occurrence of crime is a nonsensical reason because crime can happen to anything if someone wants to do it with very bad intentions.

[kamvreto]

Imo, criminal activities were there before bitcoin even came into existence. It is just an excuse. Cryptos being of decentralised nature are highly potential and governments are afraid as they have no control over cryptos.

What you're saying makes a lot of sense, because it's not about criminals happening but about not being able to have control over crypto itself by the government because of the decentralized nature of crypto. So the reason for the occurrence of crime is a nonsensical reason because crime can happen to anything if someone wants to do it with very bad intentions.

Bitcoin is just a tool that can be used for anything. If it is used for crime, of course it is not bitcoin that is the center, but the user. It's the same as fiat money used to buy illegal weapons, of course fiat money can't be said to be a supporter of crime, but the perpetrators.
The government does not have full control, but every transaction in bitcoin can be tracked by anyone because transactions are recorded on the blockchain and are transparent, the FBI will easily find the source of funds and where the funds end up.
a country that tries to ban bitcoin for reasons of criminal activity, of course, is only an alibi not to use bitcoin because they can't control it.

[theCommittalist]

Imo, criminal activities were there before bitcoin even came into existence. It is just an excuse. Cryptos being of decentralised nature are highly potential and governments are afraid as they have no control over cryptos.

What you're saying makes a lot of sense, because it's not about criminals happening but about not being able to have control over crypto itself by the government because of the decentralized nature of crypto. So the reason for the occurrence of crime is a nonsensical reason because crime can happen to anything if someone wants to do it with very bad intentions.

Bitcoin is just a tool that can be used for anything. If it is used for crime, of course it is not bitcoin that is the center, but the user. It's the same as fiat money used to buy illegal weapons, of course fiat money can't be said to be a supporter of crime, but the perpetrators.
The government does not have full control, but every transaction in bitcoin can be tracked by anyone because transactions are recorded on the blockchain and are transparent, the FBI will easily find the source of funds and where the funds end up.
a country that tries to ban bitcoin for reasons of criminal activity, of course, is only an alibi not to use bitcoin because they can't control it.

As everybody with any experience of the matter knows, Bitcoin is more traceable than cash money. Criminal organizations, like central banks, are always to be found with large amounts of one printed national currency or other.

Legal jurisdiction is intra-national, not international, & in countries that call themselves democracies it is either based on ethical consent or subterfuge, slavery & serious fraud.

As more insightful contributors than myself have already said, as the currency of the internet Bitcoin doesn't come under any one national jurisdiction under any established legal framework that has anything to do with ethical consent/consensus or democracy, only brute force & coercive mass deception.

As long as Bitcoin is decentralized open-source currency that can be used by anyone anywhere without government oversight, which is the oversight of a bunch of people who openly think they are better than you, & are willing to back it up with violence of all kinds, then it will look like a threat to those people. I guess we have to get down to the nitty gritty of whether the law has to have anything to do with ethics, & therefore whether criminality has to have anything to do with genuine wrongdoing, exploitation & unfair play, instead of parroting media catchphrases to try & seem connected or influential.

We have to get serious about understanding things like law, democracy, the right to property, life & liberty. We have to assess what things like sovereignty & suffrage & representation actually mean, what they should mean & what they are commonly presented to mean. This is all actually quite serious & sober Satoshi stuff. All the 'crypto bro' bullshit is to be deleted outright.

Bitcoin is making us do that.

[Oneandpure]

I don't believe yet with countries have banned bitcoin with criminal activities reason, I think many countries have banned with bitcoin as legal currency transaction or investment assets because care and worry when their people moving cash money as saving assets become bitcoin or other altcoin. Almost all people know with how potential with bitcoin as investment assets for the future than keep hold and save money on the bank without any increasing. I think if keep make bitcoin can legal on many countries will difficult to find people prefer save money on the bank than saving money with bitcoin assets as their investment on the future. Will have moving assets from money to be bitcoin as saving fund if really make it legal currency transaction.

[Davidvictorson]

What are your thoughts

My thoughts on this using my country as a case study
1) We have people in government who lack for sight because they are old and just as the saying goes, you can teach an old dog new tricks so it is with these folks. They are opposed to anything innovative. For them if it is not broken don't fix it. Rather keep reinventing the wheel than accept to try or even test something new.

2) Banning bitcoin because of criminal activities is the most ridiculous reason. I mean, the fellows who are terrorizing my country are against western education and who do not even for a moment have the slightest knowledge of bitcoin. They prefer to do their illegal transactions using our local fiat. So it makes no sense to me. The criminals are in the government.

3) Little wonder why despite rushing to create its own digital currency, the volume of transactions remain stagnant month on month because the citizenry don't trust the government.