Why not all countries accept bitcoin

[Faska fas 307]

Most of the countrie's governments afraid of crypto due to its decentralization system, as it is difficult to trace, and most probably its being used in criminal activities also its hard to impose tax on it. 

[Yad hair 358]

Because it is a new currency and depends on high technology and some countries cannot take this technology and prefer to work and exchange in traditional ways through the dollar, gold and oil.

[Jacky clark 368]

Because the value is very volatile is considered very risky if you hold crypto assets. so the state does not want to take risks if the people get big losses from crypto investment, and also there is no guarantee from there. in my opinion behind it all, actually there is also a large profit that can also be taken from the crypto price fluctuations

[Robert William 590]

I think they don't know much about Bitcoin. As a result, they are unable to accept Bitcoin. But if they know everything about Bitcoin, then I think they will start trading with Bitcoin

[Garion hirao 550]

Every country responds differently. There are legal and illegal. Countries that prohibit Crypto are countries that are very worried about their use, they are afraid that Crypto is used to negative things because there is nothing to regulate in it

[Wane Rastuar 583]

Yes it is true that there are still some countries that do not exclude Bitcoin because they consider Bitcoin to be illegal, and think that it is just a scam but hopefully they will understand their mistake very soon and they will also exclude Bitcoin

[Idaho Bruk 573]

I think not all countries accept Bitcoin or it is illegal in other countries because of the reason it is a decentralized currency, meaning that no one controls and this is because of the blockchain technology

[AL SHAIMON 1293]

I think every country has a fear of bitcoin. It is not stable and government can not track transection. For this reason I think all countries not accept bitcoin or other cryptocurrency. But this situation is changing now.

[Jack764 1841]

Bitcoin is still a modern project and countries are afraid that it will not be able to control it and may get into trouble Also, they do not know much about the field and do not know how to profit from it

[khan22 3478]

On 1/8/2020 at 2:58 PM, Lard79 said:

As I know, not all countries accept bitcoin, does anyone know why, whether bitcoin is legal or not, but in fact the development has increased significantly

Just some countries will except the Bitcoin but most of the countries will not except it and they are not still think about it to legal it or not but i am sure that soon the other countries will legal the crypto market soon.

[TimopheyKa 3900]

On 08.01.2021 at 23:52, Farsa fat said:

There are still a number of countries that have not been able to exclude bitcoin because they think bitcoin is just a scam.But hopefully they will understand their mistake soon enough and get bitcoin excluded

Unfortunately, this is indeed the case, and frankly, it's a bit ridiculous! But it is also worth noting that these countries are afraid for their economy, that the cryptocurrency will replace it, and this will be extremely dangerous for them! Therefore, many refuse it. But also, those who accept it, they try to introduce taxes!

[David84 1191]

Some countries have old fashioned mentality, they refuse to accept new things for many different claims , that I do not think tat any of them is true or that they even matter. There are certain claims that cryptocurrency is related to money laundry, and it is also connected to illegal activities, but what the heck , just take the good sides and leave the bad ones.

[Samer1997 715]

Most of the wars between countries are economic wars that seek to dominate the national currency of a country over the rest of the currencies, as is the case in the USD currency, of course that the emergence of a foreign non-paper and decentralized currency dominates all the world's paper currencies, it is a matter of concern to many countries and threatens their economy

[Haley 832]

On 1/8/2020 at 2:58 PM, Lard79 said:

As I know, not all countries accept bitcoin, does anyone know why, whether bitcoin is legal or not, but in fact the development has increased significantly

I think those countries are just seeing negative side of cryptocurrency and unaware of its importance but I think they will accept this currency in near future. 

[Hamid_Nisha_002 470]

Most of the countries in the world government do not accept crypto currency because of many reasons. Many countries people are illiterate about crypto currency. They do not have any idea about the advantages of crypto currency. The most important reason is there are many scammers in this site.So many countries are not interested to accept crypto currency. 

[Syriana 350]

Bitcoin currency is decentralized, that is, no country or any bank can control it for this reason I think that the state is reluctant to adopt these currencies or deal with them, but they will regret in the future because the cryptocurrency will become the currency of the future and everyone will deal with it. Therefore, I advise everyone to prepare from now on to invest bitcoin And its production

[Munirkion 82]

Yes that will be a good idea to all the countries to use bitcoins as part of their banking policy and their ways of running their affairs it would have been a great deal and many would develop morethan they are now because the masses will enjoy doing business with bitcoin 

[Ali Rao 161]

Well dear mate i have seen that there are many countries in which crypto are illegal so the people who are working on crypto they are related to bitcoin also so, i would like to share my experience that it should be legal in any country. Thank you 

[teebasas 3018]

Many countries consider digital currencies unlawful and seek to combat them, and the reason for this is that they fear for the economy of their country and the collapse of their currency. Digital currencies have eliminated the role of banks.

[i_shoaib13 26]

Many countries have banned the use of cryptocurrency. It is not legal to use it. It is because of the reason that those counties are not technically advanced and they can't trace your money trails. That's why it is not legal in all world.

[Sir Lyman 399]

Most of the top government in this modern countries don't want to accept bitcoin due to decentralized of the currency and it anonymous features during transaction which makes it untraceable by the government and it does not involved any tax.

[Tolani 174]

Hello mate,  the reason for those countries not to accept and legalized the use of bitcoin is best known to them,  but for sure it would have been a better solution to the economic crisis the world is facing now especially during this period of corona pandemic. As it use call reduce the risk of transmission. 

[kion 381]

The reason is hard to say, but one thing I do believe why those countries are still holding back to accept cryptocurrecy is the lack of backing that cryptocurrecy has, no financial institution is backing up crypto and so no country wants a decentralized currency, bit hopefully soon, they would recognize the importance of crypto

[Tahu38 344]

I think no one country can get all the people.  For example, a rich person can get btc but a poor person cannot earn btc. But if we think about money, it is seen that rich and poor are getting it.  That is why the government gives more priority to money.  On the other hand, btc price is too high and some people will use it to become millionaires overnight, which is totally illegal.

[Rosen 103]

Many countries don't accept bitcoin because there are no control of government and it is also not traceable. It's a decentralise process. Many illegal job can be done through it then it creat problem.for this many country can't accept it.