Because some government doesnt trust bitcoin and other cryptocurrency.
They may afraid that bitcoin will be used for money laundry or to avoid tax in their country.
But it is just my opinion
Topic: Why do some government ban bitcoin? - page 3. (Read 1492 times)
The government has difficulty controlling the development of bitcoin.The government should quickly find a solution because bitcoin will continue to grow and many people benefit from bitcoin.Some countries really ban bitcoin and they can do something to prevent people from using it publicly.They do not benefited from it so they ask for an exchange to stop receiving merchants from the area and possibly prevent the local store from receiving bitcoin.
China-based cryptocurrency exchange BTCC suspended all domestic trading in yuan last weekend. The decision came on the heels of a September 5 statement from regulatory authorities in China, which required all domestic cryptocurrency exchanges publish closing announcements, stop registering new users, and establish a schedule to cease yuan-denominated trading by September 15. Huobi and OKCoin — two other exchanges based in China — have announced similar plans to stop trading. To be clear: China has not banned the use of cryptocurrencies. It has banned cryptocurrency exchanges and initial coin offerings (ICOs). Even still, it has prompted some to consider whether a government might ban cryptocurrencies like bitcoin — and, perhaps more importantly, whether such a ban would be effective 
Some government banned bitcoin because they can't control it, maybe that is the reason why bitcoin was banned in some country. And also due to money laundering because of this due to illegal use of bitcoin government in some country banned bitcoin.
Governments doesn't ban bitcoin and other cryptocurrency they just go to an extent where they can affect it like regulations or putting bans on activities related to it. Governments cannot ban bitcoin because its out of their reach and is decentralized, this is also the reason they want to ban bitcoin because they cannot reach it, they cannot control it. The government is all about controlling things and they're not able to do it with bitcoin that's why they want it banned.
China has not banned Bitcoin, they just banned Ico. They made the decision to ban Ico because so much Ico became a scam and stole money from investors. I think it is a good policy for their country and I agree with the Chinese government. If they forbid it, automatically the mining land there will be closed so that the money flowing into their country will be reduced and it will be in vain.
because bitcoin makes them economics regulation is nto stable, maybe if they allow bitcoin there are inflation happen in their country, so they choose to banned bitcoin to makes their regulation is monitored by the government, and there aren't inflation happen in their country
China-based cryptocurrency exchange BTCC suspended all domestic trading in yuan last weekend. The decision came on the heels of a September 5 statement from regulatory authorities in China, which required all domestic cryptocurrency exchanges publish closing announcements, stop registering new users, and establish a schedule to cease yuan-denominated trading by September 15. Huobi and OKCoin — two other exchanges based in China — have announced similar plans to stop trading. To be clear: China has not banned the use of cryptocurrencies. It has banned cryptocurrency exchanges and initial coin offerings (ICOs). Even still, it has prompted some to consider whether a government might ban cryptocurrencies like bitcoin — and, perhaps more importantly, whether such a ban would be effective
I think their scared. Regulation issue, fraud , scammers and others reason is their appologies. In the fact, bitcoin and cryptos transaction for now is a personal decision. Cryptos bussiness more as a instrument investation. So, what we have to do?
Ya else rang say in this thread. I think they forbid it because they are afraid. This technology goes beyond their own national currency. And what do you do when the government itself runs out of money and the government bans Bitcoin because it represents a major threat to their financial security.
Some countries really ban bitcoin and they can do something to prevent people from using it publicly for example.They do not benefit from it so they ask for an exchange to stop receiving merchants from the area and possibly prevent the local store from receiving bitcoin.Users can only switch to a decentralized trading platform and avoid the ban.Bitcoin is decentralized and can not be easily stopped.
Some governments of some nation has banned bitcoin because they are not generating income from bitcome and tax is not generated from bitcoin therefore that nation bitcoin cannot be introduce because of the government law
I think this has happened in the past, crypyocurrency has been banned in China but after some time the government legalized it again. This is just a matter of internal regulation in the country, hopefully it will be over soon and cryptocurrency in china can go on as before
The Chinese government has always used every opportunity to earn money for the country's economy. All came true desire for free Chinese goods almost filled all the markets of different countries, so the Chinese government supported its economy. It also happens with a crypto currency. China-based cryptocurrency exchange BTCC suspended all domestic trading in yuan last weekend. The decision came on the heels of a September 5 statement from regulatory authorities in China, which required all domestic cryptocurrency exchanges publish closing announcements, stop registering new users, and establish a schedule to cease yuan-denominated trading by September 15. Huobi and OKCoin — two other exchanges based in China — have announced similar plans to stop trading. To be clear: China has not banned the use of cryptocurrencies. It has banned cryptocurrency exchanges and initial coin offerings (ICOs). Even still, it has prompted some to consider whether a government might ban cryptocurrencies like bitcoin — and, perhaps more importantly, whether such a ban would be effective
Governments that banned bitcoin are those dont want there people to grow financially. These governments cannot take control of bitcoin, and they cannot put taxes into it, the reasons why they simpy banned bitcoin. Likewise, these governments are afraid that bitcoin may take over their countries source of manpower because more and more people are choosing bitcoin job rather than a physical job.
I think this has happened in the past, crypyocurrency has been banned in China but after some time the government legalized it again. This is just a matter of internal regulation in the country, hopefully it will be over soon and cryptocurrency in china can go on as before
China-based cryptocurrency exchange BTCC suspended all domestic trading in yuan last weekend. The decision came on the heels of a September 5 statement from regulatory authorities in China, which required all domestic cryptocurrency exchanges publish closing announcements, stop registering new users, and establish a schedule to cease yuan-denominated trading by September 15. Huobi and OKCoin — two other exchanges based in China — have announced similar plans to stop trading. To be clear: China has not banned the use of cryptocurrencies. It has banned cryptocurrency exchanges and initial coin offerings (ICOs). Even still, it has prompted some to consider whether a government might ban cryptocurrencies like bitcoin — and, perhaps more importantly, whether such a ban would be effective
Some governments are banning or banned bitcoin because they simply cannot regulate or control it. Bitcoin is virtual currency and provides financial freedom, decentralization and privacy to its users. These things are opposites of the governments policy thats why they are trying to banned bitcoin.
The government prohibits cryptocurrencies, acting in their own interests, trying to get profit from it. But they are wrong, and soon every state will have to legalize bitcoin, so as not to lag behind in the economy.
The government does not actually prohibit the circulation of Bitcoin or other digital currencies. But they only forbid Bitcoin to be used as currency in their respective countries. That is all
I think even though I'm a fan, I can understand the discussion. But I hope this will end in the promotion of energy-saving mining approaches (eg through solar energy) rather than general restrictions / restrictions.
I personally expect some upcoming discussions in Europe soon due to energy consumption due to mining. Especially from the German-French axis we can get some resistance / pressure.
Bitcoins and other virtual currencies are especially worrisome to the authorities, because such payments are extremely difficult to track - transactions are negotiated between buyers and sellers who may not even know each other's names. No banks and payment systems record their personal data and do not issue at the request of law enforcement agencies.
bitcoin is the personification of the blockade. blockade is a new technology that is not clear how to regulate and how to use it. The state can not reorganize quickly, it is a sluggish system.
The reason why some government ban bitcoin because its question the legality of the business, we are all familiar
that this kind of business deals through technology and some of the country cant accept because they are lack of technology.
all countries that ban bitcoin for have their own reason why they have to do this for and we feel so blessed when in our country we must have to feel all support with our country to make bitcoin to transact for with freedom unlike in some country. that this kind of business deals through technology and some of the country cant accept because they are lack of technology.
The major reason is because, Bitcoin is uncontrollable, it can not be taxed, it is peer-to-peer no governing party in between, it is untraceable and the list goes on. Governments must have control over the things that happen in their territory, whereas Bitcoin is not allowing them to have this privilege and have the control they want over it.
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