I wouldn't say that bitcoin is difficult to accept in countries because it's not banned in maybe more than 95% of countries and in overall a lot of countries are accepting it at some point. For example in Ohio, USA you can pay taxes in bitcoin. Germany let banks to hold bitcoin legally. Still there are a lot of things that's done in many countries and they didn't gain enough attention. Number of bitcoin ATMs is growing around the world, number of accepting bitcoin payments is growing too, you can compare old statistics to current one and you'll see that there is a significant growth in it.
What can I say more? Bitcoin adoption is growing and at first it's currency in virtual world and then in real life, so it's growing pretty well and we can't say that it's difficult to accept in countries. Currently India rejects it but seems they are realizing that it is bad decision.
Topic: Bitcoin is difficult to accept in countries (Read 2324 times)
The main reason every government opposes Bitcoin is its decentralised existence. As Bitcoin is not under anybody's control its hard to trace any transaction performed in Bitcoin and I think this is the reason most governments are afraid to accept Bitcoin into their financial system. Although legalising Bitcoin payments may attract a good income to any government but the risk of crimes such as money laundering will increase.
at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.
Bitcoin is still difficult for its practical use as a means of payment due to its already obsolete functionality. People began to use coins more for payment, which are more convenient and practical. In addition, now more and more states are declaring their intention to issue their own national stable coin. As a means of payment, this will also be a very serious threat to a decentralized cryptocurrency and, first of all, to Bitcoin. share your opinions.
It is true that Bitcoin is very hard to be accepted by most countries around the world, because Bitcoin is widely regarded as illegal activities such as money laundering, terrorist financing, human trafficking, and so on. Another reason the government finds it hard to accept Bitcoin because it is considered to threaten the existence of fiat and banks. I always hope that all countries in the world will be able to accept and legalise Bitcoin, this possibility is still wide open. Every year, even the countries that accept bitcoin are rising.
The truth is that adoption of block chain technology globally is growing every year but the government and NGOs have distance themselves from the currency associated with the technology because it can tarnish the objectives of block chain technology integration due to the high volatility rate. The fact that many country reject bitcoin doesn't mean they don't like the technology
Governments are giving hard time to bitcoin and they are rightful in giving it so. Bitcoin is synonym of “Anti-Government Financial system”. In my view even if Satoshi became president of USA, he will not accept bitcoin over fiat for national interest.
Blockchain is a medium changed the world,Mos developed countries adopting it and underdeveloped countries thinning about it.Bitcoin will accepted by countries not sooner but the future f strong economy depend upon the Bitcoin and the block-chain technology.
It doesn't need to be accepted by a country in just an instant, everything takes time and bitcoin needs to penetrate barrier between cryptocurrency adoption and the government's rules and regulations. One it could be settled down, it is the time we might use cryptocurrency, in some sense, people already utilize crypto and their usage makes the government pushed to accept it rather than to be left behind in this emerging developing world.
at this time we know that the Blockchain is being discussed in large countries. and some time ago the Chinese president was welcome on Blockchain. But what about Bitcoin? there is still a lot of controversy going on. Even the US (SEC) is still rejecting the given bitcoin proposal. while we know. Bitcoin is the first carrier of Blockchain technology for general use. is it because of the basic bitcoin that has an anonymous background? so it is difficult to be accepted by the state. could bitcoin be separated someday? I mean Blockchain will be positively welcomed in the world. while Bitcoin will remain controversial.
share your opinions.
That is true, blockchain will be used by many countries and there will be many industries who implemented this technology.share your opinions.
But yeah not for bitcoin, I just thinking that bitcoin is money and there is no party who manage it and its price just made by supply and demand.
How do you thinking, when there is someone who comes to your home and ask or even force to your family to replace something that you've ran before.
I wanna ask you, how to deal with it? it is just an imagination that we can applied to bitcoin now. Government, will always try to alienate bitcoin especially be used by their citizen as payment system tool.
However, I can see different case to blockchain, even this technology is an offer to resolve some problems and as a solution too.
As of now, it is really a fact that not all countries accept Bitcoin. But there are countries that accept, legalized and there are local platforms which convert Bitcoins into Fiat. Then this is is just a part of the process. Be patient, let the process and people accept Bitcoin on the right time which they truly understand it. Eventually, if they knew and learned about the good things that Blockchain and Cryptocurrency on their country, I am sure that they will welcome Bitcoin.
Bitcoin is a cryptocurrency that has circulated in several major countries. But there are still many limitations because countries with a narrow vision of not being able to fully understand cryptocurrencies will benefit local businesses.
I think this thing has no effect on the damage and values of bitcoin because all over the world almost 80 percent of countries are accepting bitcoin and they make investments so I am sure a miner forbid by some countries will not effect the values of bitcoin and I can see in future these countries will also accepts bitcoin legally. This already happened in many countries. For example China is trying to regulate companies which use crypto or Bitcoin but encouraging new start up to implement blockchain and applications.
but bitcoin still remains illegal in china, and they only accept and recognize the blockchain. so far bitcoin is still difficult to be accepted by countries, and maybe just for now because the times can make countries do legality against bitcoin 
This already happened in many countries. For example China is trying to regulate companies which use crypto or Bitcoin but encouraging new start up to implement blockchain and applications.
The best part when it comes to Bitcoin is that it is anonymous so you can actually bypass government and banks if you don't leave your identity trace by converting it in Fiat through banks. You can trade and earn btc and can spend it online without leaving any trace. That was the fundamental reason why Bitcoin was created in first place to keep government and banks out of the monetary system and let people decide and govern their money.
i agree this is one of the reasons why many people are using bitcoin to avoid government out of the monetary systemwe didn't avoid government because were doing bad things we just really want a visible currency that have a fixed supply
not unlike fiat where they can add more supply if they needed that's why the value of the fiat always drops after a decade
i realize before that if i will save some cash today it will not be worth the same someday.
The best part when it comes to Bitcoin is that it is anonymous so you can actually bypass government and banks if you don't leave your identity trace by converting it in Fiat through banks. You can trade and earn btc and can spend it online without leaving any trace. That was the fundamental reason why Bitcoin was created in first place to keep government and banks out of the monetary system and let people decide and govern their money.
Blockchain is a medium changed the world,Mos developed countries adopting it and underdeveloped countries thinning about it.Bitcoin will accepted by countries not sooner but the future f strong economy depend upon the Bitcoin and the block-chain technology.
As long as crypto is not regulated, it is unlikely that anyone will take it and use it, so when crypto is regulated, many countries will use Bitcoin for various purposes.
Still depends on the regulation though and a country will have their own regulation which might turns out to be a good regulation or bad for bitcoin. for example country with different circumstances and ideal might be a lot more "stricter" than the country with democracy resulting in bitcoin banning because they are afraid of their money fleeing out of their country through bitcoins.What do you mean bad regulation? As far as i know regulations are made for the safety of the people and imvestors. The people in cryptocurrency looks at regulation as a threat for the decentralization of cryptocurrency. But everything is regulated to protect the investors not to put harm on it.
As long as crypto is not regulated, it is unlikely that anyone will take it and use it, so when crypto is regulated, many countries will use Bitcoin for various purposes.
Still depends on the regulation though and a country will have their own regulation which might turns out to be a good regulation or bad for bitcoin. for example country with different circumstances and ideal might be a lot more "stricter" than the country with democracy resulting in bitcoin banning because they are afraid of their money fleeing out of their country through bitcoins.If and only if the government could see the positive implication of bitcoin to the community as well as when other countries are getting developed because of crypto, they could possibly adopt it. Who doesn't want innovation in the first place? Everyone wants to be ahead of the technology, and when technology is impacting the economy, it is a massive deal to take further actions in response to implementing the use of bitcoin and not banning it. I do really hope government could understand its importance and its impact to the society.
It seems to me that in the first place Bitcoin causes negative discussions due to its instability. Governments cannot now allow legalizing cryptocurrencies so that citizens can fully use this coin in daily life, as this is fraught with big problems. In my opinion, the situation can be explained as follows. Cryptocurrency users who somehow already know something about the cryptocurrency market very often, in addition to generating income from the cryptocurrency, lose their funds due to inexperience or incorrect actions. But if a simple person without experience and without understanding the cryptocurrency begins to use Bitcoin in everyday life or invest in the cryptocurrency, then at the time of the fall of the cryptocurrency market, he simply can lose all his assets. It seems to me that people should become more literate in relation to cryptocurrency before using its daily life.
As long as crypto is not regulated, it is unlikely that anyone will take it and use it, so when crypto is regulated, many countries will use Bitcoin for various purposes.
Still depends on the regulation though and a country will have their own regulation which might turns out to be a good regulation or bad for bitcoin. for example country with different circumstances and ideal might be a lot more "stricter" than the country with democracy resulting in bitcoin banning because they are afraid of their money fleeing out of their country through bitcoins.
I believe a consensus is going to be reached in the future about the bitcoin, which will see a mass adoption since they have all try in vain to control and make it look bitcoin as been a bad investment. When all your propaganda can't stop an innovation, you need to embrace it. These bad guys are secretly buying bitcoin after all their unholy moves about the bitcoin failed.
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