In my opinion, there are many reasons why bitcoin is still not widely accepted globally:
First, Bitcoin is anonymous, volatile in transactions with other risks of abuse.
The second is that using/accepting bitcoin is still relatively difficult as it requires infrastructure, atm, mobile devices, computers - for countries that are still struggling this is a challenge.
Third: People's perception
Topic: Why should other countries did not accept Bitcoins? - page 6. (Read 887 times)
Perhaps because bitcoin is not an official currency, they have no control and cannot be controlled and these countries fear the volatility and uncertainty of digital currencies, and an often cited reason is fear that digital currencies are used to finance terrorism or money laundering.
most countries are against it because they consider bitcoin not a legal tender and only their official currency can be used for transactions, and many other reasons countries ban bitcoin on the grounds that they do not have adequate knowledge and understanding of digital currencies that make them bitcoins considered negative and positive for us.
most countries are against it because they consider bitcoin not a legal tender and only their official currency can be used for transactions, and many other reasons countries ban bitcoin on the grounds that they do not have adequate knowledge and understanding of digital currencies that make them bitcoins considered negative and positive for us.
The government wants to control the national economy. If cryptocurrency is used, then many transactions are transparent. The state will track people's transactions.
If possible, the government will activate its own country's digital economy. Every country wants to be a superpower. The idea of a big country would be to control all small countries.
They are not thinking about accepting Bitcoin, but about how they want to control Bitcoin.
If possible, the government will activate its own country's digital economy. Every country wants to be a superpower. The idea of a big country would be to control all small countries.
They are not thinking about accepting Bitcoin, but about how they want to control Bitcoin.
soon or later all countries gonna accept btc , this is inevitable . even know i believe most of countries secretly involved already .
Well, there are two reasons as i see. BTC is decentralized and pretty volatile, you know? And it's really hard to track someone if they're using crypto for criminal stuff for example. I bet a lot of people who sits in the government are holding BTC but they are not going to accept it as currency.
In my point of view Bitcoin is not illegal unless you're trying to scam someone.
Bitcoin is illegal if your country's law tells so. It doesn't matter if scams have happened or not.
Also, the fact Bitcoin was declared illegal is.. something. It means that the govt knows about its existence and monitors it. It may lead - sooner or later - to proper regulation (or at least taxing) and making it legal again. Bitcoin ecosystem is growing and - sooner or later - governments will want at least the money associated with taxing that. And one cannot tax it if it's illegal
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We can say bitcoin is not illegal, but the government can say that bitcoin is illegal because they are the regulators and can do anything they want. The government does not like bitcoin because they can not control and do not have the power inside bitcoin. So the easy thing that they can do is just spread to their people that bitcoin is illegal and hope that people will follow what they say. But as many people now get the benefit from bitcoin, people will not just stop without doing anything because they want to get involved in bitcoin and make money.
There are only a few countries that don't accept Bitcoin (by making it illegal). And in the recent times some of them have changed their minds or are at least considering not totally banning it (like India).
In most cases, it's a lack of understanding and fear. But in some cases, like I believe in India, it's actually because of higher and higher scam complaints from citizens. Without resources or ability to prevent, sometimes the government considers a ban to be more convenient.
In most cases, it's a lack of understanding and fear. But in some cases, like I believe in India, it's actually because of higher and higher scam complaints from citizens. Without resources or ability to prevent, sometimes the government considers a ban to be more convenient.
It's probably of how free Bitcoin is. You can actually use Bitcoin everywhere without the knowledge of the government. That way, scams and other illegal activities could be used anywhere. I think that's what one of the things the government wanted to prevent because they care about the money of the people. Though most of the time, they are most likely monitoring Bitcoin still, even if it is already banned because they know the potential of cryptocurrencies.
In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?
this is your own understanding as an individual who have some knowledge about bitcoin, but the same can not be said by a person who do not know of cryptography and the fact that bitcoin exist only in a digital format make it more difficult for them to comprehend.Government will always be against bitcoin because bitcoin is unregulated and can’t be controlled by the government.
Because Bitcoin is the Taliban in the world of currencies.
I think the majority will eventually accept after all there is nothing countries can do because even if they ban BTC, some users are still going to trade. I have read that some countries I guess ban BTC base on their religion with their Sharia Law. But most of all is just the government prefers to have a currency which they are the ones that create. 
Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?
Because it's the choice people that have been voted or grabbed power have made.
Just how gambling is illegal in some states or marijuana consumption it's legal in others, they don't fit with the current government body views. You don't like it, don't vote for morons next time.
In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?
Yes, bitcoin has done nothing illegal. That's why it's not illegal to hold bitcoin or transfer them to a family member even in most countries that have banned commercial transactions done in bitcoin or trading of crypto versus fiat pair. A small difference between the coin and actual usage, with the latter being banned in the majority of the cases.
for now there is still no successful model of a country adopting Bitcoin whose economy is being helped because of it.
I wonder how many pitchforks and stakes with your name on them are being sharpened right now
what no one above is realising is
bitcoin was a free use asset everywhere at first. yep everywhere
and so countries had no jurisdiction over it.
they NEED to ban it. just to then have conditional use by businesses and services to then allow things like consumer protection insurance for money service businesses.
they cant audit without having the ban to then have conditions that businesses holding coin need to be audited
so dont think a country ban is a irrevocable plan.. its just the first step into then allowing regulated use and monitoring of money service businesses(and their customers). to then have legitimate and secure and insured services to offer people
(to avoid limit mtgox events)
bitcoin was a free use asset everywhere at first. yep everywhere
and so countries had no jurisdiction over it.
they NEED to ban it. just to then have conditional use by businesses and services to then allow things like consumer protection insurance for money service businesses.
they cant audit without having the ban to then have conditions that businesses holding coin need to be audited
so dont think a country ban is a irrevocable plan.. its just the first step into then allowing regulated use and monitoring of money service businesses(and their customers). to then have legitimate and secure and insured services to offer people
(to avoid limit mtgox events)
For one countries see Bitcoin as a tool for criminals because of it's supposedly (pseudo) anonymity. And then there are oppressive governments that doesn't want economic and financial freedom for their people. Bitcoin can't be tax if they are not regulated, and the news that it is being used to scam people as well. So that's just a few reasons why there are still government around the world that totally ban bitcoin and the whole crypto ecosystem.
Bitcoin does not have a fault of any kind, but that is not enough for it to be embraced by countries. By design, Bitcoin seems incompatible with the requisites of any government. Bitcoin presents itself as an alternative payment system with its own native currency. The problem with this is that it is completely free from government's control. Moreover, it is decentralized and, issued by an unknown and private entity, no one could be held answerable for it. Furthermore, the rules couldn't be bent in any direction the government may wish. It is, after all, hard-coded in the system. But, hopefully, by popular demand and adoption it could become a legal alternative. Well, it starts to happen.
One of the main ways countries' governments control the economy(and the people to some extent) is through the money. Completely legalizing bitcoin is obviously going to take away some of their control, and they definitely do not want that.
There is ONE big reason why there are governments or countries that are not accepting and not allowing their citizens to legally own and hold Bitcoin...and it has something to do with the nature of Bitcoin. Fiat money is usually issued, guaranteed, controlled by the central bank of the country and because of this it can be easily manipulated and managed. With Bitcoin it is the opposite because it is decentralized and for now there is still no successful model of a country adopting Bitcoin whose economy is being helped because of it. The one in El Salvador then is worth watching.
No offense for other countries 🌹
Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?
Many reasons why some countries treated Bitcoins an illegal. But we all know that Bitcoins did not break the rules of the government, in fact Cryptocurrencies are very popular nowadays especially Bitcoin, many people got successful by joining Bitcoin.
In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?
Why should other countries did not accept Bitcoins or let's says that Bitcoins are illegal to them?
Many reasons why some countries treated Bitcoins an illegal. But we all know that Bitcoins did not break the rules of the government, in fact Cryptocurrencies are very popular nowadays especially Bitcoin, many people got successful by joining Bitcoin.
In my point of view Bitcoin is not illegal unless you're trying to scam someone. Bitcoins did not steal money from the bank so what's the point we say Bitcoin is illegal?
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