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
Some countries are afraid to use bitcoin because they afraid that scammer will enter their country. So, they protect for their country sake. 
Topic: Why bitcoin is not supported in some countries? - page 25. (Read 98470 times)
because to maintain business competition, risk control, and consumer protection because bitcoin is not a legitimate payment instrument issued by the state
so maybe bitcoin is not supported in some countries because maybe they think it will be a threat to their currency and it will start to collapse the value.
The countries that banned bitcoin is mostly not the developed countries, their central bank is almost can not control their fiat currency already.
Bitcoin is not supported by some countries because they cannot handle the huge transactions with bitcoin, unlike with fiat. They are not encouraging someone to use it but instead they are implementing rules for not using it because btc is uncontrollable and decentralized.
There are actualy only a couple of nations where Bitcoin is actualy bolstered in legitimate way. All others are simply enduring or disregarding it or it's prohibited. The reason is most likely in light of the fact that there is stil predominant reasoning that Bitcoin is something associated with unlawful exercises or tax avoidance, or the state of mind is that Bitcoin is threath to money related framework or the basically simply don't realize what to do with it.
Bitcoin will involve many aspects' profit as a new type of payment of methods. It will increase many impossibilities in trading area, may it relates to illegal trades. It is very normal to keep a cautious mind for some countries. I can understand it, I hope Bitcoin would be accepted by more and more people around the 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
A definitive reason as if bitcoin legalized, of course, reduce the use of fiat money. Besides that, bitcoin move freely, so anyone including I and you can control the price of bitcoin, if this happens, of course make the country's economic mess. Other issues such as tax and money laundering would also serious.
because its value is very high and it makes the country not support bitcoin and there are countries that can not accept money online as in developing countries and small countries that hard to reach the internet and it makes it difficult for countries to support bitcoin.
Bitcoin is product of internet. Personally, i don't see any benefit which Bitcoin bring to country. Bitcoin is only for tax evasion and money laundering, it can make inflationary. That's why Bitcoin isn't supported in some countries.
People might think that the amount of money flowing out of the country through bitcoin will be huge and it could destabilize the economy and there are several reason that could deter the government to support the use of bitcoin.
I think the reason behind why there are some countries who do not support bitcoin is the lack of capacity they have. They are not yet well develop so the company of bitcoin will not be able to establish a good service.
The countries where bitcoin is not recognized are the ones where the governments are having insecurities over the use of the bitcoin. Now the western developed countries have no fear because if the money is shifted to some other country, their economical cycle still can survive because they are economically sound countries but if the under developed countries starts supporting them, then there are chances that the demand of their own national currency will go down and eventually this will effect their economy.
Yes, bitcoin it's risky. Their countries, Their laws. Because bitcoin it's untouchable, many government from other countries still not support bitcoin because bitcoin can't touch by government and they can't control it. Some countries don't want take a risky. And as we know price of bitcoin is not balance, and many countries thing that will be destroy the economy from their country.
Maybe in other countries have their own rules that do not want to be involved in bitcoin because of the government that prohibits every country
I think bitcoin is not supported in some countries because they fear it will adversely affect their economies. Bitcoins are also the target of many criminals. causing insecurity. The government does not benefit from bitcoin because it is not taxed
I think the other countries bans bitcoin not because they consider it as a illegal but they are not capable to accept the partnership with their countries since they are not well technologically advanced.
It because some countries consider that bitcoin can be "financially harmed" to them and also because other country, bitcoin break their law. They are not considering bitcoin as legal and can their people can be easily scam because of its ignorance on the system. The number one reason for countries who banned bitcoin is its high risk.
As I've said before that the country should be able to control the full finance used inhabitants, bitcoin is common. Everyone can use the bitcoin so that countries consider bitcoin is unlikely to use legally by the State.
But in my country it is not prohibited, but there is no official permission. While the government behaves with restraint in this matter.
I, too, have not yet encountered a problem in this area. But I have not seen any billboards on the street yet. 
But in my country it is not prohibited, but there is no official permission. While the government behaves with restraint in this matter.
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