Well, countries wan to stay in control of their people.
How do you keep you people in check? Being in control of their finances.
Money rules the world and also controls it. Crypto give people more financial freedom. They don't have to be dependant on local currency. They can send and receive money through crypto without local governments getting to control it.
Some counties are scared of this freedom so the easiest way to prevent it is just to ban. It's a sad reality.
Topic: Why is cryptocurrency illegal in some countries? - page 5. (Read 539 times)
Hi,
I see that you’re new here and I feel duty bound to inform you that, spamming is not allowed on the forum and this is what spam comments or posts look like. Kindly avoid such practices as, it wouldn’t portray you in a positive way. Other than saying, ‘this is true’ and that be all, you could just pass or maybe say something about what you’re seeing, perhaps how is this true and any other opinion on the course.
With respect to OP, one main reason why cryptos isn’t adorn by most is, the idea of decentralization. Government and governance is an organized body where power is centralized. Bitcoin conveys the idea of giving power back to the people and this isn’t an idea that the government ready want to accept. The only time power is given to the people is in the pools (elections). Still, the integrity of choices is still jeopardized.
Government continues to view Bitcoin as an anti to fiat and with fiat being its product, it’s hard to expect there ease corporation.
I see that you’re new here and I feel duty bound to inform you that, spamming is not allowed on the forum and this is what spam comments or posts look like. Kindly avoid such practices as, it wouldn’t portray you in a positive way. Other than saying, ‘this is true’ and that be all, you could just pass or maybe say something about what you’re seeing, perhaps how is this true and any other opinion on the course.
With respect to OP, one main reason why cryptos isn’t adorn by most is, the idea of decentralization. Government and governance is an organized body where power is centralized. Bitcoin conveys the idea of giving power back to the people and this isn’t an idea that the government ready want to accept. The only time power is given to the people is in the pools (elections). Still, the integrity of choices is still jeopardized.
Government continues to view Bitcoin as an anti to fiat and with fiat being its product, it’s hard to expect there ease corporation.
You can ask the president of those countries, not users in this forum. 
Since I'm not one of the president in those countries, my assumption is centralized entity don't want to let their citizen to use Bitcoin to evade tax or safe/invest that related to centralization e.g. fiat, stock, gold, real estate.
Since I'm not one of the president in those countries, my assumption is centralized entity don't want to let their citizen to use Bitcoin to evade tax or safe/invest that related to centralization e.g. fiat, stock, gold, real estate.
In many countries, it isn't illegal, however the countries that have made it illegal do so for many reasons, volatility is one of the most often cited reasons, as is energy use, concerns over destabilization, or the ease with which criminals' activities can be financed and conducted using them. Forgetting the advantage of cryptocurrency which has over the years gained popularity amongst investors globally. With technological involvement and industrialization, digital currencies are obtaining a satisfactory position over others, for example, bitcoin. By using cryptocurrency it is easy to transfer money without any involvement of banks and other financial l institutions. Inflation protection, due to inflation the value of so many currencies drops with this many people see cryptocurrency as offering protection against inflation. Bitcoin has a hard cap on the whole number of coins that will ever be minted.
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