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
Well for my own opinion, bitcoin is a digital currency that you can able to use in some stores or etc. But not all countries accept bitcoin as a currency and it is not easy at all. 
Topic: Why bitcoin is not supported in some countries? - page 20. (Read 98470 times)
Some countries did not support bitcoin because the people in their country used bitcoin in illegal transactions. I heard about this before that some of the illegal transactions were done by using bitcoin. And if I will be the ruler of one country and I found out that this (bitcoin) is the instrument of the bandits in their illegal trade definitely I will do the same. I will also not support that to cut of the bandits illegal transactions. This is really unfair to the users who are using bitcoin in the right way, but they cannot do anything about it. If the country is the one who don’t support unto something surely the only thing you can do is to accept it.
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
The availability of cryptocurrency in the market is always depending on the government who are handling countries rules and regulations. It was very obvious that government is really envy of those people who are earning a huge amount of money from investing on bitcoins.
Some countries do not accept bitcoin. simple. Because they can not control. If the government can not control bitcoin, they will ban.
Bitcoin is in depend currency no none can control it because it has different situation in several country if they will accept bitcoin hen it is good for their economy, increasing demand of bitcoin is the guaranty for people to get fast profit and save income, if they are bitcoin non supporters so they should each about bitcoin I hope they will start love bitcoin and in this kind of placed bitcoin will grow faster than any other investment, we should profit our economy with the acceptance of bitcoin worldwide currency, fame and popularity of bitcoin will be higher more and more.
If you look at the infrastructure of some countries, you can first wish to advance in a variety of economic methods and generally improve the system and then already wish to legalize Bitcoin
I think so. Though we do not commit a crime and do not harm others. Perhaps the government has certain intentions that could cause harm to the state or its people. There is news explaining about bitcoin abuse like the drug business and financing an organization for criminal acts. In addition the government thinks that no one is responsible for bitcoin transactions. So the government must have a good sense of it.
The major reason i see why bitcoin is not supported in some countries is the fact that they only see the negative effect it would have on their economy, and also the inability to regulate the digital currency. Disregarding the positive effect it would also bring.
Some countries do not accept bitcoin. simple. Because they can not control. If the government can not control bitcoin, they will ban.
Because every county has its own perspective about how bitcoin and cryptocurrencies will affect their economy and the whole nation. Some countries see bitcoin as threat to the national security as it can be use to fund terrorism without being traced.
Other country will not supported bitcoin because they did not control bitcoin and they did not manipulate bitcoin . We know thhe bitcoin is very risky investment so that's why you need to invest you can afford to lose because the price decrease fastly. But if you are lucky possible to get a profit if the price increase. We don't know the reason of other country why they did not accept bitcoin.
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 .
Yeah. I support your idea. Moreover, the bitcoin world is perhaps a rather new world for those countries and that they do not yet have the political capital to push for support.
every country has different rules and they have full rights about it,and there may be several reasons why they resist bitcoin. and some developed countries accept bitcoin perhaps for reasons of technological development and does not cause harm in their country..
Some which are small countries didn't understand well bitcoin so they will not adopt with it and will advise their people to stay way. However, since bitocin is decentralized and anyone can access, those smart people are starting to make it as their investment.
I think bitcoin is not supported in some countries, because government has no control over it and they cannot ask for taxes for transactions.
every country has different rules and they have full rights about it,and there may be several reasons why they resist bitcoin. and some developed countries accept bitcoin perhaps for reasons of technological development and does not cause harm in their country..
The government are smart enough to understand what Bitcoin is, the government doesn't want to have a thing in their country that they themselves can't even control it.
But soon, they will understand that bitcoin is a good tool to help their economy.
But soon, they will understand that bitcoin is a good tool to help their economy.
We know that many countries doesn't support bitcoin. Because they have not good technology to control this forum. The country who have advanced technology they must accept bitcoin.
There are many reasons why some countries prohibit bitcoin operations. Virtual currency, but the value is real money, but you can not grasp the price of it. If the global bitcoin development, then the state bank will be gradually lost. Therefore, in order to ensure the benefits for some states, it is necessary to issue a regulation prohibiting bitcoin trading.
I think some countries do not accept cryptocurrencies because of their culture and government intervention as this will affect banks primarily and other financial institutions. As the trend spreads quickly and acknowledge as mode of payment to various daily transactions.
Bitcoin cannot be considered controlled because it is fictitious. Therefore, all countries do not recognize the status of Bitcoin.
However, although Bitcoin is fictional and cannot be controlled, because of its scarcity and anonymity, Bitcoin has become an important transaction payment method for illegal transactions on the Internet.
Some countries do not accept bitcoin. simple. Because they can not control. If the government can not control bitcoin, they will ban.
Bitcoin is like the Internet, which prohibits foreign websites. Prices of the goods has always been the supply and demand, what kind of price what kind of demand, now political turmoil in northeast China, safe-haven gold, the currency is rising demand, natural. As a whole, Japan, Singapore, Britain and Australia are more friendly to bitcoin. The situation in the United States is more complex, with different attitudes in different states. But the mainstream is regulation; Russia and Thailand have experienced a strict ban on gradual relaxation. South Korea, like China, is stepping up its investigation of money laundering and illegal financing through digital money, arguably the most stringent. It can be seen that the attitude of the major economies around the world is supportive and neutral.
Bitcoin is not supported in some countries because of different reasons also. And here are some of the reasons based on what I read on some articles and also some ideas of bitcoin users. The most common reason that I gathered is that because bitcoin cannot be regulate some countries did not support it. Well they have a good intention with it because no one want to have something in their country that cannot even be regulated. This is like you are allowing something that you don’t even know what this can do to you. The control is always been an issue in all aspect here in this world without control surely there will always be a misunderstanding.
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