Topic: Why bitcoin is not supported in some countries? - page 111. (Read 98470 times)
Yes bitcoin is not supported in some countries and in my opinion because bitcoin is still legal and bitcoin is also often involved in negative activities like hackers and terrorist activities.
I would imagine governments dont like it for two main reasons 1) it is highly volatile and they do not want their citizens to get "scammed" but mainly 2) they cant track it and or tax it and we all know how governments love their tax 
In my opinion maybe the country does not know bitcoin deeply what bitcoin excess, maybe the country does not want to go ahead or its economy is growing.
It is right that some countries od not know about bitcoin and because of that they are having some doubts on bitcoin and they are not trying to support bitcoin in their countries. Some often say that there is a worry that bitcoin will be used by criminals and so they are not accepting.
In the case of my country, the foreign currency are regulated and getting it is very hard so I guess that Bitcoin can be a way "foreign currency ". But still, this theme is in the gray zone, I just have heard about farms that it have been dismantled and owners jailed. Foreign currency have price that government put and I guess Bitcoin price isn't controlled by any entity of the government so it isn't convenient for his purposes.
Each country certainly has a different policy on bitcoin, some countries accept bitcoin and adopt bitcoin as a digital currency that has legality for the country, but not many governments from different countries are banning use of bitcoin in their country.
And of course have different views Regulatory policy in each country, but generally they refuse bitcoin because of their unstable economic level of the country and for fear of bitcoin freedom will be used as a tool for money laundering transactions.
And of course have different views Regulatory policy in each country, but generally they refuse bitcoin because of their unstable economic level of the country and for fear of bitcoin freedom will be used as a tool for money laundering transactions.
I think because they protect their currency so that other country don't support bitcoin. There are many reasons why did not support because maybe it may cause people to financial harm. And they need to protect their currency. They afraid of many risk that's why they not support bitcoin. They not supported because more people wants to use bitcoin and the government afraid, because bitcoin have many benefits among all currencies. If they supported they afraid if the people use bitcoin, this is why they not supported bitcoin. One reason also are not own any business and they are not ready to support bitcoin.
In my opinion maybe the country does not know bitcoin deeply what bitcoin excess, maybe the country does not want to go ahead or its economy is growing.
I do agree with you, but there are some issues with bitcoin, not only about the knowledge. No government will use crypto as a main or an optional currency. Moreover, there are many countries do not have enough technology to start using bitcoin and crypto 
Other countries does not support bitcoins, because they consider digital currency as freedom of generating part time money that cannot be imposed through taxation. Their regulations on currency is very tight and even there is freedom of finances in bitcoin, it's still been unacceptable to their country economy.
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 .
Actually, in 2014, the central bank of Indonesia considered bitcoin as an illegal medium of payment. While it was not really banned, meaning, those who would want to use it are free to do so without the fear of getting punished, the use is still considered restricted.
Maybe it depends on laws embodied on their country. But that does not mean that people there do not know about bitcoin.
With the easy way to transact so many people who make bitcoin as a means of illegal transactions such as transacting illegal drugs or buying weapons with ease so that the transaction using bitcoin is very safe to do such a thing, So many countries have not dared to inaugurate with the existence of bitcoin but the state can not prohibit it with the transaction using bitcoin because reversed from the negative side of the many positive things gained from the usefulness of bitcoin transactions as well as many entrepreneurs who try to make a business that invites many people To invest in it and it makes a technological advancement at this time so that with the bitcoin all kinds of transactions can be done but it would be better if used for a positive thing then the state also will not prohibit in the presence of bitcoin.
In my opinion maybe the country does not know bitcoin deeply what bitcoin excess, maybe the country does not want to go ahead or its economy is growing.
For my own point on why do bitcoins were not supported in some other countries is because of the risk for the government security in terms of financial aspect of every country, the government needs to manage all tge money that comes and go which makes not applicable in bitcoin because how can you trace on transaction of where is that bitcoin address came from.
So government cannot manage under bitcoin so some banned bitcoin. Also bitcoin do not take some tax which makes government money.
The one and the only reason why in some countries bitcoin is not supported means, The govt revenue may be reduced because of this bitcoin transaction, and there is no income from bitcoin transaction to government. Only for these two reasons, the govt will reject bitcoins that's it. If they get income, then no govt will stop any business. So government cannot manage under bitcoin so some banned bitcoin. Also bitcoin do not take some tax which makes government money.
For my own point on why do bitcoins were not supported in some other countries is because of the risk for the government security in terms of financial aspect of every country, the government needs to manage all tge money that comes and go which makes not applicable in bitcoin because how can you trace on transaction of where is that bitcoin address came from.
So government cannot manage under bitcoin so some banned bitcoin. Also bitcoin do not take some tax which makes government money.
So government cannot manage under bitcoin so some banned bitcoin. Also bitcoin do not take some tax which makes government money.
Virtually the whole world either accepts or supports bitcoin now. There are a minority of third world countries that still ban it but due to its anonymity its already an unstopable force in the world.
As for the why a government might not like it you can choose from illegal activities to capital controls.
As for the why a government might not like it you can choose from illegal activities to capital controls.
No , unfortunately it is not the case.
It's just that most of the countries completely ignores bitcoin.
They haven't bothered to make is legal or illegal or even draw some law projects about it.
There are only a bunch of them who have agreed on btc status.
Virtually the whole world either accepts or supports bitcoin now. There are a minority of third world countries that still ban it but due to its anonymity its already an unstopable force in the world.
As for the why a government might not like it you can choose from illegal activities to capital controls.
As for the why a government might not like it you can choose from illegal activities to capital controls.
Maybe because of the illegal activities that happen through bitcoins.
Illegal actions are a negative factor for accepting bitcoin, but they can be implemented with the help of other currencies. Rather, the state is simply afraid of new digital technologies.
Maybe because of the illegal activities that happen through bitcoins.
Bitcoin is not valid in my country, there is no support by the government. the reason i dont know.
I think because it's unpopular and assumes the bitcoin is equal to the previous internet payment systems (paypal, webmoney, payza, Skrill, Liberty Reserve, Neteller and others), so they not interest to know about bitcoin.
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