Because bitcoin is decentralized, so government has no control over it, only it's owner has. And bitcoin is anonymous, it has potential for illegal use, like scam, money laundry, drugs, and guns.
yes the government is too frightened to use bitcoin. this time bitcoin does have a fast enough rate movements. so they think that bitcoin can give chaos in a country's economic system. 
Topic: Why bitcoin is not supported in some countries? - page 151. (Read 98473 times)
Because bitcoin is decentralized, so government has no control over it, only it's owner has. And bitcoin is anonymous, it has potential for illegal use, like scam, money laundry, drugs, and guns.
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
Bitcoin is not known as a good thing worldwide, and one of them is that bitcoin is being user from hackers too and when a huge news is about bitcoin then it is for bad and this made some countries to not allow bitcoin but it is still being used, we can't say that bitcoin is untraceable but there are ways to hide like bitcoin mixers.
Bitcoin will make them lose control of the financial system and what government do is to control and be in charge of things especially the financial control, see what is happening in Venezuela and India presently
I think bitcoin could make the economic system of a country becomes worse if the government does not know how to cope with it. Well, I do not know how the economic system is running, but I just felt that bitcoin will bring good apda countries that receive them, but most people say that it would create a bad impact if bitcoin accepted. Well, maybe the state revenues will be reduced, because the local currency also act as government revenue.
Bitcoin will make them lose control of the financial system and what government do is to control and be in charge of things especially the financial control, see what is happening in Venezuela and India presently
countries not support bitcoin maybe think that bitcoin is illegal activities and just use it with negative things like gamble , money laundering etc
this is bad thing , we have to persuade not support countries to support again because bitcoin is good things..
this is bad thing , we have to persuade not support countries to support again because bitcoin is good things..
It actually depends on the country that you're in.
I think one of the reason why they didn't support the bitcoin in some countries, its all because they don't know what bitcoin is. We all know that bitcoin is not so popular around the world. Bitcoin is just existed in some countries. Not all the people knows the bitcoin. That's the reason why other countries didn't support the bitcoin.
I think one of the reason why they didn't support the bitcoin in some countries, its all because they don't know what bitcoin is. We all know that bitcoin is not so popular around the world. Bitcoin is just existed in some countries. Not all the people knows the bitcoin. That's the reason why other countries didn't support the bitcoin.
Can you give an example of which country? I think it all depends on the policies and rules of the country itself, there is nothing not allowed. May not be allowed as possible in terms of trade or using Bitcoin but not in the conventional or the real world in the country. There are still many people who do not know what it was Bitcoin probably why it's one of a few countries are still not willing to trade or as a means of buying and selling Bitcoin in the real world.
because today most countries are afraid of the instability of the price of bitcoin. government apparently still not willing to enter into their regulatory bitcoin. was fair because the government is concerned may be the economic chaos in their country.
It is because some countries government thinking that Bitcoin is illegal and is not in control by by anyone and no one official father of Bitcoin . And no income due to this coin for government . So some countries have banned the Bitcoin .
I think the major things reason why bitcoin is not supported in some countries is they maybe thinking that it is a kind of threat to their businesses in their economy. But they never check the advantage of it for what bitcoin can do to their country.
Because for many governments, Bitcoin is considered a threat to the local currency, and therefore, to the centralized model of power that the state imposes on people. The truth is that the more you fight against this kind of technology, the more people are interested in understanding what's behind it.
Yeah bitcoin has a huge potential for the use of all people in the world, certainly when the government adopted a bitcoin, certainly everyone in the country will more often use the bitcoin that easierand of course it would threaten their currency
Bitcoin is a direct threat to governments because it completely destroys the ability for the government to control the people using their monetary supply.
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
What are you even talking about ? No skill on pc hardware or software ? What does that mean ? You mean it takes no skill ? Lol wtf dude. Do you want mining bitcoin to be like a game that takes skill ? Wow.
What countries will give you 6 months jail time ? I dont believe one word of that.
Because for many governments, Bitcoin is considered a threat to the local currency, and therefore, to the centralized model of power that the state imposes on people. The truth is that the more you fight against this kind of technology, the more people are interested in understanding what's behind it.
Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..
Bitcoin cannot destroy the economy, since bitcoin is money then it is the opposite, bitcoin was created to help the economy to flourish by offering a new version of money that is the most practical yet devised by humans what it can do is to limit the power of governments.I agree. Governments always want to control the economy. Some Governments have realized that they cannot shut down bitcoin
easily as egold and alternate currencies that were developed before bitcoin.
So they try to bring in regulations and tax on bitcoin to discourage people form dealing with it.
I really don't know what was the possible reason why bitcoin is not yet supported in some countries but maybe of course because it is decentralized the government cannot be able to impose a tax on it I think that was the common reason and a common opinion given when there's almost the same question like this .
No it's not. Assuming that you own something from gold, even a gold coin. Government does not impose tax on this because is an asset. Governments are come from political parties where (political parties) supported financially from banks. If banks have reduced revenue or even break down who will financially support political parties? Moreover people are manipulated according their fiat money. That means there are countries where their governments 'haircut' the savings of their citizens due to distressed banks. Therefore is easy anyone to understand that, reasons most countries don't support bitcoin are deeper than the imposition of tax.
I really don't know what was the possible reason why bitcoin is not yet supported in some countries but maybe of course because it is decentralized the government cannot be able to impose a tax on it I think that was the common reason and a common opinion given when there's almost the same question like this .
No it's not. Assuming that you own something from gold, even a gold coin. Government does not impose tax on this because is an asset. Governments are come from political parties where (political parties) supported financially from banks. If banks have reduced revenue or even break down who will financially support political parties? Moreover people are manipulated according their fiat money. That means there are countries where their governments 'haircut' the savings of their citizens due to distressed banks. Therefore is easy anyone to understand that, reasons most countries don't support bitcoin are deeper than the imposition of tax.
Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..
Bitcoin cannot destroy the economy, since bitcoin is money then it is the opposite, bitcoin was created to help the economy to flourish by offering a new version of money that is the most practical yet devised by humans what it can do is to limit the power of governments.I agree. Governments always want to control the economy. Some Governments have realized that they cannot shut down bitcoin
easily as egold and alternate currencies that were developed before bitcoin.
So they try to bring in regulations and tax on bitcoin to discourage people form dealing with it.
Some countries do not like the bitcoin as it can destroy their own economy due to that they do not want it in their own country..
Bitcoin cannot destroy the economy, since bitcoin is money then it is the opposite, bitcoin was created to help the economy to flourish by offering a new version of money that is the most practical yet devised by humans what it can do is to limit the power of governments.I agree. Governments always want to control the economy. Some Governments have realized that they cannot shut down bitcoin
easily as egold and alternate currencies that were developed before bitcoin.
So they try to bring in regulations and tax on bitcoin to discourage people form dealing with it.
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