McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.
Majority of the policies of the country have been formulated keeping the national currency in the view and the instruments of the monetary policy and the fiscal policies that could potentially help eradicate or reduce the poverty and help the country rise the scale of employment and keep a check on the inflation. This is the reason some of them ban the crypto to keep their own system running.