Because of law and government is scared that people use it for hiding black money and for Crime .
It is not about that illegal doing or to use in such crimes the truth is ,the government don't want bitcoins to be the main use of people. Bitcoin have no tax and it is free to use in some ways. And if we add those bad people who will use bitcoins in bad things is a big problem in the government. 
Topic: Why bitcoin is not supported in some countries? - page 108. (Read 98470 times)
Maybe, countries who don't support bitcoin is not yet ready to embrace bitcoin. It not that easy to process the adaption of a certain currency. It still has to undergo a long process. Maybe those countries are still considering the use of bitcoin. It's better if time comes that those countries were decided to support bitcoin, they are ready enough to use it.
Maybe that's the reason why some countries can't accept bitcoin because there are not yet ready to embrace bitcoin. But why they think bitcoin as a illegal money, people cannot understand bitcoin's value. But i still hoping bitcoin would be legalize in the future. 
Bitcoin is likewise Illegal in my province. Here nobody can utilize bitcoin straightforwardly. We earned bitcoin and sold them to localbitcoins or paxful.com
we don't know when Bitcoin will be legitimate in our nation. Till than we are enduring a great deal
we don't know when Bitcoin will be legitimate in our nation. Till than we are enduring a great deal
Maybe, countries who don't support bitcoin is not yet ready to embrace bitcoin. It not that easy to process the adaption of a certain currency. It still has to undergo a long process. Maybe those countries are still considering the use of bitcoin. It's better if time comes that those countries were decided to support bitcoin, they are ready enough to use it.
Countries will not easily make bitcoin as illegal, they need to make a deliberation first before making the final decision.Good news for today, "Suddenly, Bitcoin to Be Officially Legal in India".
source, https://cointelegraph.com/news/suddenly-bitcoin-to-be-officially-legal-in-india
Bitcoin does not need to be supported by countries. Its supported by the blockchain and everyone can use it with an internet connection.
Nope I think although not related directly. Legalization of the government will greatly help the development of bitcoin in the future. Imagine if the whole country forbids bitcoin. Of course there will be no stores that accept bitcoin, no official exchange, it is very horrible
Maybe, countries who don't support bitcoin is not yet ready to embrace bitcoin. It not that easy to process the adaption of a certain currency. It still has to undergo a long process. Maybe those countries are still considering the use of bitcoin. It's better if time comes that those countries were decided to support bitcoin, they are ready enough to use it.
their government wants something that they can grasp in their hands, since bitcoin is decentralized, they can't manipulate it so
some are banned or not supported by their own government. These governments are the one's that are corrupt or under a communist party. I feel pity for the people in those country. As for my country as long as its not illegal and its not drugs they're hands off. Well as for now.
some are banned or not supported by their own government. These governments are the one's that are corrupt or under a communist party. I feel pity for the people in those country. As for my country as long as its not illegal and its not drugs they're hands off. Well as for now.
Bitcoin does not need to be supported by countries. Its supported by the blockchain and everyone can use it with an internet connection.
Yeah bitcoin can live without government assistance and whoever that decentralization function .. even though bitcoin is prohibited in some countries even though it will not make bitcoin dead or lost because it all depends on the user itself. Users can still use bitcoin freely for being anonymous and being on the internet
I'm not sure what countries are not supporting Bitcoins, but for what I understand, not all countries are supporting online earnings. Basically, Paypal is not open to use in some countries and Bitcoins should enter those countries as an alternative payment processors. It is not supported when the people are not using internet because Bitcoins needs online since the transaction is needed to use Cryptocurrencies.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
Bolivia, Ecuador, Bangladesh ... so nothing important.
And in those countries that Paypal is nor used they usually have some alternatives.
For example in Russia webmoney is used probably by x1000 more than paypal.
In some countries like bolivia bitcoin is banned by their government because bitcoin is decentralized it means it cannot be controlled by the government or bank and bitcoin is tax free so the government won't take profit from it. and some people use bitcoin to buy drugs in black market.
i am hearing it for the fest time that they are banning bitcoin, but i think most of the states are not getting bitcoin as legal but still they even not banned bitcoin yet. they are just thinking about it and may be they consider it as legal because they have very good example of japan. Yeah, they did, see the above link.
I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
In my country bitcoin is not banned. Bitcoin can help us here and we can earn extra income. I don't know why some countries doesn't accept bitcoin but I think it is also because they don't want their economy to get down, or maybe bitcoin can be used in some hidden agenda, like hiding money from it or buying illegal things like drugs in secret way. but it is just my opinion. 
Bitcoin is not supported in some countries because goverment are afraid bitcoin is used for criminal offenses.
I think that the Government has a plan to make a bunch of people use a certain type of Digital Currency later on in the Economic bubble since there is plenty dollar bills plus other currencies that can be used for other things if their materials were broken down.I would try to have little bit of Bitcoin on the side in case the Government wanted to pay homage to Bitcoin for the whole electronic currency thing.
Because of law and government is scared that people use it for hiding black money and for Crime .
Bitcoin is not supported in some countries because goverment are afraid bitcoin is used for criminal offenses.
I'm not sure what countries are not supporting Bitcoins, but for what I understand, not all countries are supporting online earnings. Basically, Paypal is not open to use in some countries and Bitcoins should enter those countries as an alternative payment processors. It is not supported when the people are not using internet because Bitcoins needs online since the transaction is needed to use Cryptocurrencies.
In some countries like bolivia bitcoin is banned by their government because bitcoin is decentralized it means it cannot be controlled by the government or bank and bitcoin is tax free so the government won't take profit from it. and some people use bitcoin to buy drugs in black market.
i am hearing it for the fest time that they are banning bitcoin, but i think most of the states are not getting bitcoin as legal but still they even not banned bitcoin yet. they are just thinking about it and may be they consider it as legal because they have very good example of japan. 
Their countries , their laws. It really depends on your definition for not supported too . If we speak about banning then as far as I know I don't think there is a country that actually banned bitcoin , at least nothing official and If there is then Its related to the banking system with one way or another . If its about the lack of usability in ATMs , local shops then there are plenty of countries and It takes time as some countries have more priorities .
Yes, you're right. I think there are some countries that bitcoin is being banned. Bitcoin in other countries was not legal. There is no tax in bitcoin. It is another type of currency that we can use to buy things like goods and services. But there is also countries that bitcoin was supported. Like here in my country, bitcoin was being popular gradually because its price was fluctuating. You noticed that the value of BTC every minute is shifting.
Lack of usability in ATM's? I think people would choose ATM's for the fastest transaction of money. But in terms of bitcoin, It could also be saved it to your wallet and you can cash out whenever you need money.
I've read in some article abaout bitcoin which is pro and contra in its use, the conclusion is :
The presence of bitcoin as the virtual currency reaps the pros and cons. Bitcoin is considered to facilitate financial transactions. However, transactions with this virtual currency can also raise the risk of money laundering.
Different countries respond differently to the presence of bitcoin in the country.
The bitlegal.net site classifies three legal statuses of bitcoin in different parts of the world with color indicators. A country colored green means allowing bitcoin, yellow means there is still a debate, and red means forbidding.
Russia and Iceland are the countries that prohibit the use of bitcoin. According to Iceland's central bank, transactions with bitcoin are considered as movements of capital abroad and illegally due to capital controls conducted in the country after the collapse of the banking system in 2008.
The Russian central bank warned businesses using bitcoin as a means of payment would be potentially considered to be involved in money laundering..
The presence of bitcoin as the virtual currency reaps the pros and cons. Bitcoin is considered to facilitate financial transactions. However, transactions with this virtual currency can also raise the risk of money laundering.
Different countries respond differently to the presence of bitcoin in the country.
The bitlegal.net site classifies three legal statuses of bitcoin in different parts of the world with color indicators. A country colored green means allowing bitcoin, yellow means there is still a debate, and red means forbidding.
Russia and Iceland are the countries that prohibit the use of bitcoin. According to Iceland's central bank, transactions with bitcoin are considered as movements of capital abroad and illegally due to capital controls conducted in the country after the collapse of the banking system in 2008.
The Russian central bank warned businesses using bitcoin as a means of payment would be potentially considered to be involved in money laundering..
Sounds like bitcoin is like is selling drugs ha?
I didn't know there are some countries are prohibiting bitcoin. What kind of law is that?
The officials in those country maybe have nothing to pass a law that's why they pass a law that prohibits the usage of bitcoin. They are morons.
Just like leave the bitcoin alone and mind their own business.
This might work with big countries, though due to their sheer size the effect would be negligible (at least so I think), but with smaller countries, the net effect will be negative on the whole. The majority of small countries have export-oriented economies, and they are always stuck between the nether and the upper millstone, so to speak. On the one hand, to be competitive on the international markets they have to keep the exchange rates of the local currency low (which is good for exports and consequently to the whole country), but, on the other hand, this might lead to higher inflation (which would mean impoverishment of the population)...
In this manner, Bitcoin is neither here nor there for such smaller economies, and could potentially wreak economic chaos and devastation in them
I think that could also be the case but bitcoin is somewhat not supported in as you said small countries. I have meet someone in the internet who lives in some part of southern asia who is also a bitcoiner and he said that bitcoin is not really supported there. But i think most cryptocurrency like bitcoin and etheruem are becoming popular day by day,and i think there is a high risk that it could be adopted in some country's currency. And also price of cryptocurrency like bitcoin isn't stable or fixed. So government adopting cryptocurrency for it's country could sometimes be an advantage.
I've read in some article abaout bitcoin which is pro and contra in its use, the conclusion is :
The presence of bitcoin as the virtual currency reaps the pros and cons. Bitcoin is considered to facilitate financial transactions. However, transactions with this virtual currency can also raise the risk of money laundering.
Different countries respond differently to the presence of bitcoin in the country.
The bitlegal.net site classifies three legal statuses of bitcoin in different parts of the world with color indicators. A country colored green means allowing bitcoin, yellow means there is still a debate, and red means forbidding.
Russia and Iceland are the countries that prohibit the use of bitcoin. According to Iceland's central bank, transactions with bitcoin are considered as movements of capital abroad and illegally due to capital controls conducted in the country after the collapse of the banking system in 2008.
The Russian central bank warned businesses using bitcoin as a means of payment would be potentially considered to be involved in money laundering..
The presence of bitcoin as the virtual currency reaps the pros and cons. Bitcoin is considered to facilitate financial transactions. However, transactions with this virtual currency can also raise the risk of money laundering.
Different countries respond differently to the presence of bitcoin in the country.
The bitlegal.net site classifies three legal statuses of bitcoin in different parts of the world with color indicators. A country colored green means allowing bitcoin, yellow means there is still a debate, and red means forbidding.
Russia and Iceland are the countries that prohibit the use of bitcoin. According to Iceland's central bank, transactions with bitcoin are considered as movements of capital abroad and illegally due to capital controls conducted in the country after the collapse of the banking system in 2008.
The Russian central bank warned businesses using bitcoin as a means of payment would be potentially considered to be involved in money laundering..
Sounds like bitcoin is like is selling drugs ha?
I didn't know there are some countries are prohibiting bitcoin. What kind of law is that?
The officials in those country maybe have nothing to pass a law that's why they pass a law that prohibits the usage of bitcoin. They are morons.
Just like leave the bitcoin alone and mind their own business.
This might work with big countries, though due to their sheer size the effect would be negligible (at least so I think), but with smaller countries, the net effect will be negative on the whole. The majority of small countries have export-oriented economies, and they are always stuck between the nether and the upper millstone, so to speak. On the one hand, to be competitive on the international markets they have to keep the exchange rates of the local currency low (which is good for exports and consequently to the whole country), but, on the other hand, this might lead to higher inflation (which would mean impoverishment of the population)...
In this manner, Bitcoin is neither here nor there for such smaller economies, and could potentially wreak economic chaos and devastation in them
In some countries like bolivia bitcoin is banned by their government because bitcoin is decentralized it means it cannot be controlled by the government or bank and bitcoin is tax free so the government won't take profit from it. and some people use bitcoin to buy drugs in black market.
Perhaps everyone's assumption about bitcoin is different and sometimes bad assumption is more dominant among the public who do not know about bitcoin completely. But bout punishment 6 months for just using bitcoin is very arbitrary rules because not everyone using bitcoin for illegal things.
Six months of imprisonment just by using bitcoin? What country is that? How did they trace someone who uses bitcoin? Anyways, different countries different rules. Like what you said, it is about perception or assumption on what bitcoin is. Maybe they are using it for gambling that is why they were punished.
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