Topic: Why should other countries did not accept Bitcoins? (Read 811 times)

we may not know for sure why this can happen why so many countries have not been able to accept bitcoin, maybe this is more inclined to every policy taken by the government then it is different from a country that adopts bitcoin, because each country will have different regulations applied in the country. a country is either in terms of the adoption of bitcoin or the rejection of bitcoin in various countries as is happening at this time

Some government tainted bitcoin illegal because it is a decentralized system and warns their citizens from using it. While deep down it's fir their own selfish interest basically because they want to continue to have that control over your money.

Other countries are not accepting Bitcoin because of its volatility. Other countries says it can be a source of drug trafficking, money laundering and cyber crimes.

your right the owner of Bitcoin is anonymous so they cannot  find suspect if Bitcoins has gone. it's better safe than accept crypto without seeing the owner.

. We are same in my country many invested into Bitcoins some of them got successful some of them are not..
I think the reason why some countries did not accept Bitcoins because of the scammers nowadays many scammers in order to protect they not accept Bitcoins.

in my country also enforce it. if viewed more broadly, the regulation seems to provide limitations but small-scale restrictions. only direct transactions are prohibited using bitcoin. but despite such regulations bitcoin is still one of the most popular assets in my country and many people invest money into bitcoin.

Although every country has inflation. But what they still hope to develop is the national currency.
Some small countries will choose Bitcoin for the economic development of the country. Not all countries are suitable for Bitcoin.
If the government cannot control Bitcoin, it will choose not to recommend it to everyone, because it feels that the safety factor is low.
Now that more and more countries accept Bitcoin, I believe other countries will gradually change their attitudes towards Bitcoin.

They don't have to implement adoption for bitcoin, they can be neutral or be positive on it and then the process of adoption will come naturally. Those countries that don't like bitcoin, have internal reasons that might be threatening to them and we don't know how they'll change their view on bitcoin. Sometime in the future, it is likely that they'll change their view on it when bitcoin is fully adopted in most countries and when they see that the biggest companies have adopted and invested on it and they see many individuals have made a lot of money on it.

maybe it depends more on the policies of each country for the bitcoin adoption process, we all know that there are still many countries that refuse the circulation of bitcoin for their people, maybe this is because the bitcoin adoption process has not been implemented in other countries. developed so that they have not done so in developing countries

We can't force it to other countries to believe what is Bitcoin since all they care about is how to control it but since Bitcoin is decentralized they can't do anything to control it that's why most of these people sitting in the palace are making their own rules and regulations that their people should follow or else their monopoly games will be destroyed anytime.

This is what most of the people sitting in the government would follow if they were greedy enough to take control to almost everything. You can take the example for China on how they don't want their fellow men to invest in Bitcoin because they can't control over it or simply just it's not their work that's why they never want to support it.

As this country accepting Bitcoin, I don't think that they are neglecting any negative scenarios to happen someday but instead of making a big deal of those things, they are even more positive about this.

It is not really about how others appreciate Bitcoin but it is for us who trusted this project to be helpful to the community and let this personal interest will die. It is to know that many countries are still observing El Salvador and that you were right, once they saw a fruitful result to their economy, surely it gives interest to them as well.

This is the same reason why some counties don't allow women to drive, vote, or show their face in public.  The same reason some countries will jail you or even kill you for smoking marijuana.  Many countries are sadly still stuck in the way back past.  They don't want to progress or make changes that are progressive and good for the people because they want to maintain as much control as possible.  Bitcoin takes control away from them so they don't like it. Period.

Each country has its own currency, and this greatly affects the country's economic conditions, the higher the value of a country's currency, the more "considered" the country's economy is successful. That's why every country is always competing to increase the value of its currency. The currency of a country has been considered as identity, so if a new currency appears and circulates in a country, then it is considered a threat. The government will not be willing if the identity of the country is changed.

I must admit that Bitcoin's volatility is very high, it's not right if it is used as a currency to measure the price of an item, so if at this time bitcoin is also used as the main payment instrument, it will create uncontrolled price inflation movements. This can only happen if many producers and businesses, as well as humans around the world, make the price of their goods and services using bitcoin, 1 Bitcoin = 1 Bitcoin, not of 1 Bitcoin = 1 Fiat, then many countries jointly recognize and use Bitcoin as a currency, to become the currency of a country around the world seems impossible, unless the country's currency crumbles and is unable to stabilize their currency, as is the case in some countries with very high currency inflation, where their currency no longer has value, the possibility that happens is Bitcoin as a global currency, and in my opinion, it has happened, because the world's currency does not need regulation, it only needs an agreement between users.

A country that play monopoly such US would of course scared to bitcoin rise and shine thesedays ...

the community getting bigger and bigger , the adoption widely open and its safe to say we are in the very beginning of become a mainstream shit.
we did it.
simple reason though. especially seeing bitcoin price spike high again and again , they said its dangerous and invested a lot at the same time behind that scene , sigh.

What El Salvador did is just the beginning of all this and if by chance they continue to thrive and survive for a longer time and it proves a success for economic building or some sort then other countries will tend to adopt in it. History of Bitcoin and other prominent thing by now starts at the bottom, everyone seems skeptical but through time it proves them wrong, look at internet as an example and even Bitcoin itself though we really are in early stages.

US will probably stick to their own currency and promote US dollar as much as they want so there is no place for bitcoin because it will only destroy their own currency causing the citizens to create doubt and confusion.  And as long as bitcoin remains to be transparent which the government has been deprived, then it will never be accepted and legalized.

Not only that, even if US government will deny it but we know deeply that bitcoin has caused threat to dollar because of its high inflation than can be observed when it comes to buying even basic goods and services whereas bitcoin always has its fixed value regardless of price volatility and inflation is not really a big issue.

Every country definitely wants to promote its own currency.
Small countries only want to get rid of the control of big countries to use Bitcoin as their currency.
As a large country, the United States has not set Bitcoin as a legal tender, indicating that the United States still wants to use the U.S. dollar as a benchmark against the world currency.
The anonymity of Bitcoin can protect everyone's privacy. Bitcoin makes our consumption free, but the country has to control its own economy, which will destroy the anonymity of Bitcoin.

Though not all of them are considering bitcoin as illegal, but a lot of them are hesitant to accept as part of their financial system. Because of its decentralized nature, the government has no full control about its existence, and I believe, that's one of the major aspects they don't like with bitcoin. They don't have the full grasp about its movement, so they don't know how to regulate it on their terms.

It is complicated because related to a regulation of a country.
This also relates to the wisdom of a country in accepting and not accepting something new. they must have certain considerations and also significance to accept or not.
Some countries legalize crypto in any aspect. Some countries only legalize crypto as a commodity or digital assets for investing and trading but still don't legalize crypto as a currency. And some countries really ban crypto.

The fact that bitcoin is decentralized is what's making those countries not to accept it as is use cases yet. Government wants to enslave us forever despite being in what we called a civilized world.