Despite the growth of bitcoin why haven't it been legalized by many nations?

[Hamza2424]

Because they have their own reason:

1. It's harder for them to tax the money, people have a way to cash out privately which make them can't maximize the tax, unlike stock, ETFs where everything recorded in centralized sites.
2. They're a country where most of the citizen are Muslims, Bitcoin is haram in Islam, hence they ban it.
3. They hate Bitcoin.

I really appreciate that you made that 2nd point because at one time it was true and at that time it was considered haram but still those countries find it right to take loans on interest from IMF, or other countries, they did everything except doing what can strengthen their economy.

Since that time, I knew already why they are not accepting it but the reality is different most of the countries are not accepting it because they don't know how to handle things in the way that can benefit them, they did not got their orders from the countries controlling their fiscal policies, they didn't had an idea on what btc is, as no Islamic country takes opinion from a Islamic scholar before doing anything haha. I might be wrong.

[Antotena]

Let's keep on with bitcoin the way it has been going without expecting it to come on a rush as if it's a ponzi, the growth rate we already had today are so tremendous that we never thought of having it got to this extent, bitcoin is self sustaining and irresistible, government or any entity cannot stop Bitcoin, others will soon make their own decision with time, it's a thing of choice a d optional for adoption.

Bitcoin is 15 years old, it has grown from nothing to become one of the biggest asset with price and you think there is a person that think Bitcoin is a ponzi scheme, that means they are the ponzi scheme of they can't differentite between a ponzi scheme and an asset like Bitcoin. If you can pull up an institution investors to put a million dollars in your asset, that means you have an a convincing vision and mission, Satoshi did it and today we have billions from institutional investors in Bitcoin.

The fact remains that Bitcoin will not be accepted by national but cooperate people that see the potential will want to have their money in it. It's not a must that government of nations have to adopt it. It's a know fact that government don't accept anything that they don't control and that's fine because Bitcoin is a decentralize asset, we don't want people to come and control it, if the government is allow to control Bitcoin they will do it but we don't want it.

[SamReomo]

Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?

Because some countries and their government doesn't want such type of decentralized system, and at the same time they're somehow skeptic about Bitcoin.

Some believe it as a medium of laundering which we know isn't true but it's really hard to teach such people with poor understanding of technical innovations like Bitcoin.

Either now or later but it's sure that the world will accept Bitcoin and it will be traded without any restrictions in most areas of the world.

[Man of peace]

Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?

It is hard for some countries to accept bitcoin and legalize it as an alternative means of payment or transactions in one's country because Bitcoin is doesn't allow the government to control or manage it structures and that was one of the reasons why some countries didn't allow Bitcoin to be used in their country as the means of payment, hence Bitcoin give the government the privilege to take control over the every activities in Bitcoin and the cryptocurrency exchanges in general you will see that it will legalized within twinkling of an eye..so therefore the government doesn't want to be exclusive from being authorization of bitcoin...

[terrific]

No one can really force them to do so but they should remind themselves that they are getting left behind. Because while they keep ignoring bitcoin, countries like El Salvador keeps powering through.

I think that they're aware of the risk of it and the opportunity that they're missing out if they won't adopt Bitcoin.
They have seen it first with the others that have adopted it. The thought might be on them which they can adopt it later on.
But they don't know that the longer they're delaying it, the bigger opportunity is being missed by them if they won't do it asap.

I think most countries accepted bitcoin as an asset that is generating tax revenue for the government but they also don't want their people to use it as currency that is why they are restricting users or discouraging the use of crypto with high tax, strict guidelines for exchanges and made KYC as mandatory for every centralized crypto platform.

They can't just use it as their currency because it is decentralized and the government has no control over it.
But with those countries that understands this, they are not using it as their main currency. And maybe, the others think it has to be their major currency but it's not.
It can be used as an alternative and that's what probably the other countries don't understand.

[SuperBitMan]

No one can really force them to do so but they should remind themselves that they are getting left behind. Because while they keep ignoring bitcoin, countries like El Salvador keeps powering through.

I think that they're aware of the risk of it and the opportunity that they're missing out if they won't adopt Bitcoin.
They have seen it first with the others that have adopted it. The thought might be on them which they can adopt it later on.
But they don't know that the longer they're delaying it, the bigger opportunity is being missed by them if they won't do it asap.

I think most countries accepted bitcoin as an asset that is generating tax revenue for the government but they also don't want their people to use it as currency that is why they are restricting users or discouraging the use of crypto with high tax, strict guidelines for exchanges and made KYC as mandatory for every centralized crypto platform.

They can't just use it as their currency because it is decentralized and the government has no control over it.
But with those countries that understands this, they are not using it as their main currency. And maybe, the others think it has to be their major currency but it's not.
It can be used as an alternative and that's what probably the other countries don't understand.

Yeah a country can just use Bitcoin as an Alternative currency no country can use Bitcoin as there main currency it's impossible because they won't have control over it and no government will use a currency they can't print as there currency, what countries do is to declare Bitcoin as a legal tender, when this happens then Bitcoin can be use to do same thing the main currency is doing and people that knows about Bitcoin will always love and prefer to accept Bitcoin more than the main currency and that's because Bitcoin has more value than the main currency, you can hold the main currency for years and nothing will change for you but with Bitcoin everything can change for the better because Bitcoin always grow and adding value as the years goes bye.

[Sonia_123]

Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?

Accepting and legalizing bitcoin in countries is a gradual process and not something that can be done by force.and with rush, before bitcoin was created and made known by the world, countries has the various policies, rule and regulations which involves protocols by the citizens, based on this decisions cannot be taken any how those rules and laws must be obeyed and if wants to be changed will be done gradually, so I believe with time all these will be done and bitcoin will be accepted globally.

[atookz]

Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?

Allowing a nation to legalize bitcoin as a way of exchange or payment, the nation will lose the control of money. The country has its currency to stabilize inflation and economy. It will definitely harm the monetary policy of a country due to its decentrality and incontrollability in case it is widely used. And extreme fluctuations in Bitcoin are natural as can be, so the amount of countries that are scared of employing it as an exchange medium between a common man is high, as they can be scared to lose them to misery. The implementation of bitcoin will be a gradual process and slow until such time, the innovation of bitcoin and the control are comparable.

[Hanadawa]

Like I said before Majority of the world government consider Bitcoin legal and/or well regulated
Except you talking about making a legal tender
Which I believe is too much of a stretch to expect the government to give away their control (Fiat)

Bitcoin used to be completely banned because many countries weren't familiar with BTC and blockchain technology. But now, many countries have established regulations and allow BTC and other cryptocurrencies to be traded on exchanges. If the OP means as a means of payment, I don't think any country will adopt Bitcoin as a currency. El Salvador is currently at the forefront of adopting BTC—cmiiw. As far as I recall, Bitcoin is accepted as a means of exchange, but they haven't established it as their national currency alongside the dollar.

[ejikeme24]

Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?

That is because they have no control over Bitcoin, I think this is just the major reason why most countries have chosen not to accept Bitcoin because they want everything to work under their control, And the more they keep waiting to gain full control over everything that's the more they will be missing opportunities. one other reason why most countries have refused to accept Bitcoin is because they are scared that people will value it more than Fiat and that is true,  if not that majority of the this countries would have accept Bitcoin but they are just trying to figure out if they are making the best decision or not.

[Hardyrobust]

Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?

That is because they have no control over Bitcoin, I think this is just the major reason why most countries have chosen not to accept Bitcoin because they want everything to work under their control, And the more they keep waiting to gain full control over everything that's the more they will be missing opportunities. one other reason why most countries have refused to accept Bitcoin is because they are scared that people will value it more than Fiat and that is true,  if not that majority of the this countries would have accept Bitcoin but they are just trying to figure out if they are making the best decision or not.

exactly the point, bitcoin is decentralised in nature and for this government will not to accept it. Assuming they can be able to control and regulate the price of bitcoin like they do with local fiat, then it would have been very easier for government to accept it as means of exchange. Yes you are right, most countries see bitcoin as an enemy to there local currency and it will be very hard for such countries to accept bitcoin.

[liasbaa]

Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?

The most significant reason is that due to the decentralized system no centralize government can not directly receive taxes on transactions. Due to the decentralized system no country's government can exert influence over Bitcoin. Although the volatility of Bitcoin price attracts most investors, a country's government often considers this asset as a risky investment and discourages it.

The governments of different countries manage their country's financial system through a central authority, which implements the decisions made by the government. Every economic activity is designed for the benefit of that country's government, such as printing fiat and reducing or increasing foreign currencies reserves. Every decision on this matter is only a reflection of the government's thoughts. But since Bitcoin is a decentralized financial system the possibility of interference in it is very low.

Although the number of individual Bitcoin holders is increasing to enjoy financial freedom, most governments want to keep their citizens financially shackled.

[terrific]

They can't just use it as their currency because it is decentralized and the government has no control over it.
But with those countries that understands this, they are not using it as their main currency. And maybe, the others think it has to be their major currency but it's not.
It can be used as an alternative and that's what probably the other countries don't understand.

Yeah a country can just use Bitcoin as an Alternative currency no country can use Bitcoin as there main currency it's impossible because they won't have control over it and no government will use a currency they can't print as there currency, what countries do is to declare Bitcoin as a legal tender, when this happens then Bitcoin can be use to do same thing the main currency is doing and people that knows about Bitcoin will always love and prefer to accept Bitcoin more than the main currency and that's because Bitcoin has more value than the main currency, you can hold the main currency for years and nothing will change for you but with Bitcoin everything can change for the better because Bitcoin always grow and adding value as the years goes bye.

There is an exception like for the country El Salvador. They can use bitcoin as their main currency because it's a legal tender.
So, there's a legal basis and it's proclaimed by their government that they can use it as a main currency aside from the other one that they have.
The other countries just can't but if they're allowing it used by their citizens and there is no violation for doing that, they're all free to use however they want.

[DanWalker]

El Salvador is currently at the forefront of adopting BTC—cmiiw. As far as I recall, Bitcoin is accepted as a means of exchange, but they haven't established it as their national currency alongside the dollar.

Bitcoin has been legal tender in El Salvador since 2021 and has been used alongside the USD for the past 4 year. Unfortunately, their economy is facing many difficulties and is on the brink of default. They had to appeal to the IMF, and to receive help from the organization, they had to agree to the demand to remove the legal tender status of bitcoin from the beginning of 2025.

To date, bitcoin remains a legal method of payment but is no longer legal tender in El Salvador.

[Achalugo BTC]

Despite the massive growth, advancement and advantages of Bitcoin and most crypto currency, why is it hard for most countries to fully accept it is or permit it's exchange?

Especially the government don't want give such permit because it will affect them financially, that is they will not be having their own interest and they will not longer be in control of any one funds.
But there are some people that will refused to follow or obey the rules of their government and will continue doing their stuff because they know how beneficial Bitcoin is.
That is why they even prefer to invest in Bitcoin than in their local banks because its not longer safe and valuable to invest or safe but despite how the government try their best to terminate or be in control of Bitcoin, they will never succeed, no matter how they try.

[Tungbulu]

They can't just use it as their currency because it is decentralized and the government has no control over it.
But with those countries that understands this, they are not using it as their main currency. And maybe, the others think it has to be their major currency but it's not.
It can be used as an alternative and that's what probably the other countries don't understand.

That’s right. Every country’s economy is somehow tied to their currency and that’s because the government has control over that control which automatically grants them control over the economy. And you’re right that no country would adopt Bitcoin as their primary currency due to lack of control, the best they can do is to adopt Bitcoin as a legal tender and means of exchange or make it their country’s reserve like most of the countries who are said to have adopted Bitcoin.

[terrific]

They can't just use it as their currency because it is decentralized and the government has no control over it.
But with those countries that understands this, they are not using it as their main currency. And maybe, the others think it has to be their major currency but it's not.
It can be used as an alternative and that's what probably the other countries don't understand.

That’s right. Every country’s economy is somehow tied to their currency and that’s because the government has control over that control which automatically grants them control over the economy. And you’re right that no country would adopt Bitcoin as their primary currency due to lack of control, the best they can do is to adopt Bitcoin as a legal tender and means of exchange or make it their country’s reserve like most of the countries who are said to have adopted Bitcoin.

And any country that's okay for its people to use it as an asset, that's shall be a sustainable way of supporting bitcoin by a government.
The growth of it will be noticeable in that country because they have issued a support for its growth.
The citizens won't be problematic and stressed out of what they should do by it. For as long as the government haven't issued any warning of its illegality, then it will help its growth from that.

[Jegileman]

That’s right. Every country’s economy is somehow tied to their currency and that’s because the government has control over that control which automatically grants them control over the economy. And you’re right that no country would adopt Bitcoin as their primary currency due to lack of control, the best they can do is to adopt Bitcoin as a legal tender and means of exchange or make it their country’s reserve like most of the countries who are said to have adopted Bitcoin.

Bitcoin was never invented by Satoshi Nakamoto to be used primarily as the main currency of a country, it was invented to be used as an alternative to the fiat currency. Accepting bitcoin as a legal tender in a country is already okay and an achievement for Bitcoin itself to have being well adopted by the country. Legalization is what we’re clamoring for Bitcoin but from the look of things, it may not really happen like that because every country wants to remains censored and be able to control whatever it is to come to be under the country. The cryptocurrency market will always be a part of us, it is better bitcoin is accepted sooner as legal tender. Even if it seems impossible, we will keep pushing and hoping for it to happen one day.

[Lorence.xD]

Because a lot of established financial institutions see the power of bitcoin and they know that they can't really control it no matter so they used the influence that they have in their respective government to try and make sure that bitcoin would never get the recognition that it deserves. It's as simple as that OP, it's all about control and regulations behind bitcoin, and with the way that bitcoin works, there's no way that people in power are going to let something they can't control loose.

[ruykeri]

Plus, the volatility doesn't help either; governments want stability. I'm really curious to see how this plays out as more people push for adoption!

The government does not want stability. They want to have their own control over everything. If they wanted stability, they would not have been printing their fiat currency and increasing inflation for years. And their fear of Bitcoin is not volatility, their fear is that if Bitcoin is legalized, they will not have control over Bitcoin. But Bitcoin is now at a level where people do not follow the rules and regulations of the government. They cannot use it excessively. If some countries like El Salvador legalize Bitcoin, then it will be seen that people will show more interest in going to those countries and will travel as tourists. Then those countries will also benefit due to legalizing Bitcoin, but those countries that still do not approve it will face a lot of losses.