Many countries are still cautious to include bitcoins to their financial system. Bitcoin is a digital currency that is easy to experience the price movement in an extream. This is the risk that the government wants to avoid.
What's been mentioned is one of the factor and another major factor is the misunderstanding. They need to realize that it's an revolutionary technology named as blockchain based on the function and bitcoin is the one that has grown successful based on the technology. Need to understand that it's not just a currency it to has got varied usage in various forms starting from finance to production. 
Topic: Why bitcoin is not supported in some countries? - page 127. (Read 98473 times)
Many countries are still cautious to include bitcoins to their financial system. Bitcoin is a digital currency that is easy to experience the price movement in an extream. This is the risk that the government wants to avoid.
I would think Bitcoin wouldn't be accepted in any country based on the simple fact that a country wouldn't want to be giving up control over all the money that is using within their economy, this is the reason that governments impose stringent regulations on Bitcoin all the time in an effort to curb the usage of it on a real scale. At the moment we're a small niche community and I think we haven't been able to break out into the mainstream because the government doesn't want us to.
It's simple, they want control and if Bitcoin was used by people they'd be losing this control in which they love.
Nope, they know it's not a scam. They want to be running the show, not a decentralized group of people using an online digital currency.
It's simple, they want control and if Bitcoin was used by people they'd be losing this control in which they love.
maybe some country looks bitcoin like criminal , scam , MLM etc so goverment prohibit it
Nope, they know it's not a scam. They want to be running the show, not a decentralized group of people using an online digital currency.
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
They have issues about bitcoin, because other people use it in bad ways, like buying illegal drugs online, illegal firearms, and so on. Other people might also using it to supports terrorisr need, since bitcoin users are anonymous, some people have the guts to use it this way. But other countries banned it because they see bitcoin as a threat to them, though it is not.
The leaders of the country (the countries where bitcoin is considered banned or illegal) have probably didn't understand the possibility of it. Maybe they heard a bad rumor that it's for illegal stuff but it really depends on how you are going to use bitcoin. They are scared that their people can be scammed or something like that.
I think it is an understatement if they think that they didn't understand the possibilities of bitcoin. Some countries did not support ( at this moment) because they are afraid of the implications it will affect in their systems. Also,they can not collect taxes either. But in some countries are slowly accepting bitcoin and even regulationg it.
Perhaps the main reason for bitcoin has not been widely recognized by a country is its inaccessibility and desecralization. No one country can control bitcoin even big country like china and US. They just focus on their respective currencies and do not care about the others even they want to destroy other currencies and dominate the world
The leaders of the country (the countries where bitcoin is considered banned or illegal) have probably didn't understand the possibility of it. Maybe they heard a bad rumor that it's for illegal stuff but it really depends on how you are going to use bitcoin. They are scared that their people can be scammed or something like that.
maybe some country looks bitcoin like criminal , scam , MLM etc so goverment prohibit it
The central banks of countries are independent bodies that determine whether crypto currencies will be beneficial to the population. In my country, the central bank appreciates the fact that there are digital currencies that can help people with their transactions, other than the conventional ways of doing it. They are also doing their own research as to what policies must be set and how it can be best used by the citizens. 
Many countries do not support bitcoin but there are also countries who supported it and have a lot of partnership in that particular country maybe it because of luck of partnership and also there government do not allow it as we all know many government don't allow currency they cannot control.
Because of many reasons like to protect of their of their currency. They afraid of their own currency than the potential of cryptocurrency. Their government are not convinced about bitcoin. But maybe not the government but the country central bank regarding their position on bitcoin. They ban because maybe in the future of the bank. Maybe they have a money to use instead using of currency so that is why they ban in their country.
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'd attribute this to the fear of the unknown.
Governments that are taking a hostile stance toward Bitcoin should take some time to really understand this technology and the benefits it can bring forward.
This notion that Bitcoin will cause the death of fiat currencies is quite incorrect... Bitcoin could, realistically, be looked at as a fiat currency transmission system since it allows people to transmit fiat currencies via the internet in a peer to peer manner.
Hardly likely that a system like this will destroy the fiat system.
this hostile attitude toward bitcoin is due mostly to the fear of the unknown... People are starting to wake up to the possibilities of bitcoin, so maybe we'll begin so see some change in the future
maybe some country looks bitcoin like criminal , scam , MLM etc so goverment prohibit it
Many countries strictly against Bitcoin. They have a fear on Bitcoin, thinking that Bitcoin may be used for illegal activities like smuggling and terrorism. And also it may disturb the economic system of the government. So, many countries banned Bitcoin.
Some country has Strictly Rusticated Bitcoin in their countries because of many reasons. That can be because government can not control bitcoin , they can not implement taxation in it, people gets scammed easily with bitcoin(as because they have less knowledge about it) and so on. And in addition if you do not know what your mining machine is doing then you should research it. They are basically solving Network blocks with the hash power it generates
It almost all countries are now accepting and supporting bitcoin for the sake of other wants there are regulations that bitcoin is own their opinoin governments think that this digital currency can destroy their economics and other things in here bitcoin are fully support by my country also banks.
I think you are right that bitcoin is now supporting and adopting everyone because it is the currency of advace world and with the passage of time it's demand is constantly increasing in online world .so I think it will one day support by everyone.
There are many reason a country will ban bitcoin. Anonymity is one of them. Bitcoin can be easily used in some criminal activities but so does fiat. Moreover, no country would like their money to go out of their country. With bitcoin you can transfer huge chunk of money out of your country to anyone in the whole world.
They can send their money with anonymously when they using bitcoin as their transaction.
But I'm wonder if some country forbid bitcoin because of that excuse , my question is why some EU country legalize bitcoin ?
Do they not fear that hidden criminal that use bitcoin will getting grow and will start their action on the future ?
There are many reason a country will ban bitcoin. Anonymity is one of them. Bitcoin can be easily used in some criminal activities but so does fiat. Moreover, no country would like their money to go out of their country. With bitcoin you can transfer huge chunk of money out of your country to anyone in the whole world.
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
because there are different rules and regulation in every countries. they have the cyber law and they can even blocked any sites they want because authorities can hold everything in their countries if they want. example is in china and in north korea.
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
because there are different rules and regulation in every countries. they have the cyber law and they can even blocked any sites they want because authorities can hold everything in their countries if they want. example is in china and in north korea.
I think the reason why the bitcoin is prohibited in their country is because they though that the bitcoin is used by criminals because it is anonymous.
Do not recognize the bitcoins, mainly those countries where a very weak economic system. The government thinks that because of the popularity of bitcoin, the economic situation is getting worse. Fiat will lose popularity, and therefore the government will lose control of the people.
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
because there are different rules and regulation in every countries. they have the cyber law and they can even blocked any sites they want because authorities can hold everything in their countries if they want. example is in china and in north korea.
I think the reason why the bitcoin is prohibited in their country is because they though that the bitcoin is used by criminals because it is anonymous.
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