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

[Frengki_cisco]

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

Your question has shown the right answer to your own question, which is certain that every country has rules for playing with finance.

The reason for the crime, which is often mentioned by the government against Bitcoin, it's just a mythical reason, the proof is that Bitcoin is still in use today, I don't see any crime there.

[Cookdata]

Look at the growth of Bitcoin from the day of inception, no significant assets that have managed to do that kind of growth linearly, the ones who grow like that collapsed and were tagged as a bubbled investment but bitcoin survive the names and more people are coming to the system. This is what the government fears, they don't want people to abandon their old system, they fear that people will prefer bitcoin and cryptos to all the bonds and securities they are all controlling.
If you look at the US and some other bitcoin friendly countries that allowed bitcoin in their state are working with exchanges to regulate it, that's why they are also benefiting from the taxes and revenue they generate from their people, they know it cannot be controlled not because some people used it for criminal activity but because that's what people want, something decentralized and not control by old men in political offices.

[Jeger.Kiting]

Indeed, there are some countries that prohibit the entry of Bitcoin but not all countries that prohibit the entry of Bitcoin, in countries that prohibit the entry of Bitcoin may have their own reasons.

In my opinion, by banning Bitcoin in a country, maybe they are afraid that their currency will be disrupted and will damage the currency they have used for a long time with the entry of Bitcoin, maybe they are afraid and suspicious, when Bitcoin enters a country they may think by entering Bitcoin will be used for evil things like terrorism, drugs and other things.

[theCommittalist]

~ 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.

I think this is exactly what governments fear to happen, and the more difficult it becomes to legalize bitcoin, the government will not be able to accept the loss of control to someone else. For us citizens, bitcoin is absolutely beneficial, but for the government bitcoin is the enemy, so it is not surprising that the government strives to stop bitcoin at all costs. It isn't easy to see bitcoin becoming a legal currency.

Criminal activity is everywhere in the world. Criminals commit to guilt at every level in society. It can be by fiat money or by cryptocurrency. Such type of activity will continue as long as the earth exists. But we have to judge what is good and bad. Definitely this is not a logical reason to legitimize crypto. There will have others reason in the case of ban bitcoin.

In a democratic context everybody has a say in what exactly constitutes criminality, not a cabal of old men in black cloaks & shiny shoes poncing it up. With this in mind, consider that the banning of BTC is wholly unethical, fascistic, & a criminal act in itself.

This is what wars are fought over.

[Abiky]

Look at the growth of Bitcoin from the day of inception, no significant assets that have managed to do that kind of growth linearly, the ones who grow like that collapsed and were tagged as a bubbled investment but bitcoin survive the names and more people are coming to the system. This is what the government fears, they don't want people to abandon their old system, they fear that people will prefer bitcoin and cryptos to all the bonds and securities they are all controlling.
If you look at the US and some other bitcoin friendly countries that allowed bitcoin in their state are working with exchanges to regulate it, that's why they are also benefiting from the taxes and revenue they generate from their people, they know it cannot be controlled not because some people used it for criminal activity but because that's what people want, something decentralized and not control by old men in political offices.

One would say, Bitcoin is the best "asset" on Earth. It has outperformed Gold in every way. Governments are well-aware of this, so they've done everything possible to try to destroy it. After all, Fiat is what gives both the government and the central bank power/control over the people. If the majority begins using an alternative currency that's outside the control of the government, then the latter would lose all of its power. That's why we've seen strong regulatory measures towards Bitcoin, in order to limit its true potential. Some countries have outright "banned" Bitcoin, while others have embraced it in every way.

The main concern of mainstream governments is that Bitcoin can be used for criminal activities. But we all know Fiat is used more than Bitcoin for such purposes. It's all an excuse for governments to go along with their hidden agenda. There are powerful forces that don't want Bitcoin to exist, so it should be up to us to defend Bitcoin's decentralization for the good of financial freedom. Just my thoughts

[amishmanish]

There are many reasons for countries banning Bitcoin.. Since there is no centralized regulator, many countries believe that any major scam can hit their economy badly, if they heavily invest in Bitcoin... Others want to keep control levers with central banks. Thus push Bitcoin to corner.. but we need to actually generate data on how much of Bitcoin is being used for illegal activities.

[JohnBitCo]

~ 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.

I think this is exactly what governments fear to happen, and the more difficult it becomes to legalize bitcoin, the government will not be able to accept the loss of control to someone else. For us citizens, bitcoin is absolutely beneficial, but for the government bitcoin is the enemy, so it is not surprising that the government strives to stop bitcoin at all costs. It isn't easy to see bitcoin becoming a legal currency.

Yeah, that's the main reason for banning bitcoins by the government as they fear that if bitcoin is used widely, the government will lose control over the financial system of the country. Criminal activities were there even before bitcoin so it is just the excuse that the government uses to convince people why they are banning bitcoins.

[mumang siat]

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

Of the many criminal cases that have occurred, almost very few involve bitcoin. The state prohibits bitcoin not only because of a crime case, but as far as I know they are completely incapable of controlling it, that's the reason they put forward, even though the purpose of the ban is closer to taxation, no can be controlled and make the country not benefit from the benefits of bitcoin itself, even though the intended benefit is because there are no regulations governing bitcoin travel in that country.

[Adamsnooky]

Well I think their reason is for wealth regulation in other to reduce money laundering, because I believe most of the politicians uses Bitcoin as an opportunity to hide their money from the government considering the fact that there money can never be traced by the government.

So I think is because of criminal activities that made some countries to banned Bitcoin so as to monitor all money activities.

[Abiky]

There are many reasons for countries banning Bitcoin.. Since there is no centralized regulator, many countries believe that any major scam can hit their economy badly, if they heavily invest in Bitcoin... Others want to keep control levers with central banks. Thus push Bitcoin to corner.. but we need to actually generate data on how much of Bitcoin is being used for illegal activities.

Countries are also banning Bitcoin because of "environmental concerns". With rising energy costs in the EU and some other countries around the world, governments are rushing to ban Bitcoin mining for good with the excuse that it "harms the environment". We all know that's not true, as banks usually consume more energy than Bitcoin itself. There's no need to worry about governments turning against Bitcoin, especially when it gives people true financial freedom.

I think this is only the beginning as things will only get worse in the long run. As long as Bitcoin remains true to its principles of decentralization and censorship-resistance, nothing will be able to stand in its way. Just my thoughts

[Ummarr]

Many countries banned bitcoin and uptill now thy are giving some excuses which is not the real reason why they banned it. If they should say its because of criminal crises that means is not normal, because we can never be the same most of us using bitcoin we are not using it for anything bad rather to Change our life for better

[D ltr]

every country does not give exact reasons why they ban bitcoin, if because of banning there will be a lot of crime it is very excessive because before there was  bitcoin , criminality was already high. but in my mind the government does not want the country to get out of control in managing the finances of its citizens

[theCommittalist]

The people in control of the world today do so through a centrist monopoly of wealth distribution. This is why the deep state and the central banks and all these scandals are wriggling out of the woodwork in recent years. These dynasties and ruling families and networks of financiers keep control of the production and distribution of state capital behind a veneer of democracy, freedom and consent. They use this capital to raise armies and invade nations and take control of resources including the human resources of the conquered in the name of civilisation.

Now Bitcoin presents a much fairer and more transparent form of value exchange and wealth distribution and it threatens these people who speak their historically hijacked multimedia propaganda networks including and maybe especially the literary/academic and education systems.

[albon]

every country does not give exact reasons why they ban bitcoin, if because of banning there will be a lot of crime it is very excessive because before there was  bitcoin , criminality was already high. but in my mind the government does not want the country to get out of control in managing the finances of its citizens

They justify the reason for the ban that Bitcoin is a breeding land for crimes because it is decentralized and no government or any central bank can control or monitor it, but they want to enslave the people and do not want the financial transactions of individuals to get out of their control so that they are the only ones in control of it, and it is unfortunate that We find that there are many governments of many countries that have banned Bitcoin and declared war on it and against those who promote or deal with it, but why is Bitcoin not regulated and legalized without completely preventing and banning it? I see that Bitcoin is the future, and I look forward to seeing in the future many countries, such as El Salvador, approved Bitcoin and allowed consumers to use it in all their transactions alongside the US dollar.

[Abiky]

They justify the reason for the ban that Bitcoin is a breeding land for crimes because it is decentralized and no government or any central bank can control or monitor it, but they want to enslave the people and do not want the financial transactions of individuals to get out of their control so that they are the only ones in control of it, and it is unfortunate that We find that there are many governments of many countries that have banned Bitcoin and declared war on it and against those who promote or deal with it, but why is Bitcoin not regulated and legalized without completely preventing and banning it? I see that Bitcoin is the future, and I look forward to seeing in the future many countries, such as El Salvador, approved Bitcoin and allowed consumers to use it in all their transactions alongside the US dollar.

Governments will always come up with an excuse to prevent as much people as possible from getting true financial freedom. After all, they don't want to lose control over people's lives. It'll be up to the individual himself to do his own research to determine if Bitcoin is really worth the time. I'm pretty sure most people will switch to Bitcoin when they discover its true benefits. The only problem is that Bitcoin's price is widely volatile, making it a terrible currency for day-to-day payments. But that shouldn't be an issue if you're one of those people who use Bitcoin regardless of its market price. 1 Bitcoin will always be equal to 1 Bitcoin, right?

At least, we're heading into the right direction as some countries are beginning to adopt Bitcoin as legal tender. We now have El Salvador and the Central African Republic in the game, so it should only be a matter of time before other countries do the same. Of course, not every country in the world will adopt Bitcoin as their currency of choice. But many of them will accept it, leading us one step closer towards "hyperbitcoinization". Who knows if someday countries that banned Bitcoin (like China and Russia) will change their mind? If Bitcoin can be taxed, then I don't see why they shouldn't adopt it in the first place. No one knows the future, so we can only hope for the best. Just my thoughts