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, I guess bitcoin has been banned or not yet been legalized because the government has already been futuristic that using or establishing it in their country might bring risks to its people especially talking about earning money that maybe can make its people greedy with it that might caused up conflicts in lined with it. It is maybe their way of disciplining their people to avoid engaging into cryptocurrencies for their own reasoning. 
Topic: Why bitcoin is not supported in some countries? - page 59. (Read 98470 times)
Bitcoin is not supported in some countries because they are accusing bitcoin as a cause of money laundering and they can not get tax with bitcoin
Every countries have their own reasons why they banned or they not supported Bitcoin. We all know that countries has the government, and government has the banks. There are laws that being violated once they used Bitcoin such as for transactions. Some countries have laws about not using any digital currencies or virtual currencies in their transactions. Some countries do not want to support Bitcoin, because a while ago, we said that government has bank and bank serves as the middleman of any transactions in a country. With the use of Bitcoin, it does not need any middleman so that the countries are scared on how bank will be in the future once they implement or allow the usage 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
I think bitcoin is unstoppable because of cant control to desseminate bitcoin to the others. It is also give a huge profit to every who use bitcoin because of that bitcoin support the people who use it. The one reason is not support bitcoin by the government because of it has no taxes government cant get benefit from bitcoin so that they dont allow it.
I think because the government cannot control the flow of btc and other alts. Btc is uncontrollable, maybe that is one of the main reason why btc is not supported by other countries.
because they see it as a dark place to commit crimes, actually the anonymity of the users is what causes the 'lack of control' and that is the opposite to what government want
One reason why they want to ban bitcoin is because they cannot control it. Control means power, and politicians are addicted to power that is why they banned it specifically corrupt countries. If Blockchain is implemented in a corrupt country, it is hard for them to steal money from the government because it can be trace.
Bitcoin usage allows different illegal trade activieties to take place without physical presence,such as money laundry,hard drug deals,purschase of gun illegally,with the above lots of country cannot surpport BTC
I think, if bitcoin is being used by some for illegal activities, then the government will really take its action to totally get rid of bitcoin and ban all websites apps that are being for bitcoin transaction. Yes there is really a great possibility of it to happen, but I think the main reason why some governments do not support bitcoin is that they see this as a threat for their currency.
Bitcoin usage allows different illegal trade activieties to take place without physical presence,such as money laundry,hard drug deals,purschase of gun illegally,with the above lots of country cannot surpport BTC
For some reason the government are not considering bitcoin because in some countries people are using it for illegal activities also some countries don't know that bitcoin have advantages and benefits that you can get.
If in my country, the government gives an opinion about cryptocurrency that bitcoin is not currency because government policy or regulation until now has not changed the regulation about currency which is legal to be used as a transaction so that they do not recognize any payment using bitcoin. However, governments in the state allow storing bitcoin with all the risk borne by the owner. maybe this is also happening in other countries.
As it is a currency that you do not really know the origin, they can be used for many illegal purposes, it is MOSTLY the fear that countries have, but they can not be closed to this new technology because they are simply going to be left behind.
All due to the fact that bitkoyn is a crypto currency, and it is not taxed, as is the case with national currencies. Anyone can save his bitcoin by winning a purse.
Bitcoin is not supported in some countries because governments don't believe on what Bitcoin can do. They say that this site is scam and many hackers here. But they are wrong because Bitcoin can help the economy of a country.
In governments there are people who are 50-60 years old. For them, this is all associated with deception and can not be evaluated in a physical sense, such as gold. And tricks with the price when it was $ 1000 yesterday, and today $ 20,000 creates even more bans and scares the authorities.
I think, some country government think, since bitcoin hide bitcoin user identity then impossible for government to monitoring bitcoin user and make a money londaring.Then bitcoin is not supported some country.
That doesn't have to do anything with risk. The reason why - because every country has an economical system and every goverment wants to control this system completely. With crypto they can't to that at all. This lose of control is unacceptable for most of goverments.
No, Bitcoin can be a digital currency as Paypal or become a digital asset for trading on stock market. I think both things do not affect the power of the goverment, because the cryptocurrency user still want to depend on the protection of the government.
Some countries do not support bitcoin because they feel BTC is a treat to their economy and currency as well. While others feel that if the populace of their countries patronizes BTC they will lose control because BTC is deregulated.
Bitcoin is not supported in some countries because governments don't believe on what Bitcoin can do. They say that this site is scam and many hackers here. But they are wrong because Bitcoin can help the economy of a country.
Its because of its uncontrollable structure. Because bitcoin works on decentralized network and cannot be tracked by government due to which government cannot take the tax on transactions. 
Unlike the conventional money, bitcoin is hard to control. I think that is the biggest threat to them.
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