Topic: Why bitcoin is not supported in some countries? - page 3. (Read 98470 times)
Currently, bitcoins are more common in gambling and pornography because people want to hide their identities. Due to the problems that can not be tracked, governments do not accept it.
Bitcoins are not supported in some countries because: they can not help their economy
Bitcoins are not supported in some countries because: they think bitcoin is illegally abused by criminals 
Bitcoins are not supported in some countries because: they can reduce their profits in the bank
Because Governments are really concerned about the bitcoin when every one start investing in bitcoin then no one will save their money in banks in the same manner it will create an impact for Government so they do not support.
I think a country does not accept bitcoin because they think the risk of bitcoin is greater than the benefit. Therefore, they decided not to accept bitcoin, especially for underdeveloped countries 
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Because basically many countries do not understand bitcoin. They only think about the evil that happens if the bitcoin is accepted
Because basically many countries do not understand bitcoin. They only think about the evil that happens if the bitcoin is accepted
Allowing the use of bitcoin in a country may affect the supply of money as fiat's demand may require more notes that may cause inflation and central bank stress 
The bitcoin ban will only make people interested in it, thus increasing the bitcoin's popularity. Possibly governments are holding a lot of bitcoin
Because bitcoin can be used for illegal activities so some countries have banned it 
Bitcoins are not supported by governments in some countries because they want to control the money and Bitcoin can not be controlled because it is decentralized.
Because countries do not want to be influenced by Bitcoin, they will forbid it
because they continue to believe that bitcoin is the source of the crime
Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes. Possibly when things go digitalized countries will use Bitcoin's technology to make their own digital currency.
yeah I agree you have a point, I think those countries are also afraid of the money laundering because you can make a transaction without revealing your identity. criminals would use to pay for the crimes in which the government cannot trace them. another issue is the tax, you can't make them pay the tax as it is digital currency.
Because of the decentralization and anonymity of bitcoin, some countries fear that bitcoin can affect their financial system.
They can use fiat money to control people and let ordinary people be controlled by the state. Because bitcoin can be people's freedom of wealth, it is not controlled by Banks.
They can use fiat money to control people and let ordinary people be controlled by the state. Because bitcoin can be people's freedom of wealth, it is not controlled by Banks.
They are afraid of the threat which is tax evasion if their citizens using bitcoin. Tax income is very important source of revenue for the country and by using bitcoin, you can hide your income from the goverment. They want full control over their citizen and bitcoin won't let them do that. And bitcoin can also be used to do illegal activities such as money laundering and other illegal acts
Not all "heads" in this world have the same thoughts. Something new must have a pro and con response. It may be that some governments that do not support bitcoin see a threat that will destroy the country's economy. Whatever government policy is a decision for good and for the future of the country.
The quantity of individuals who abuse exchanges utilizing bitcoin such huge numbers of violations that make exchanges utilizing bitcoin without hosting to include different gatherings, for example, exchanges that at first through bank benefits so wrongdoing can be effectively followed yet with exchanges utilizing bitcoin it will be hard to track. It makes the nation unfit to help the presence of bitcoin.
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
in some countries bitcoin are being banned because they thought that they will using bitcoin to import illegal products in their country.And also it uses by some other criminals to do their illegal doings.
Most countries fear that bitcoin would be mainly used for illegal products like drugs and for money laundering. They think that bitcoin usage would reduce their currency usage.They fear of losing their revenues which they get from taxes. They also might think that bitcoin is such a bad currency because of the difficulty to trace down a transaction using bitcoin because of its security features.
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