Why not all countries accept bitcoin

[BTC Future 3946]

On 5/8/2020 at 7:44 PM, Mohamad ibrahem said:

I think Bitcoin.  All cryptocurrencies are incompatible with the economic policy of some countries, because they impose higher taxes on the profits earned by citizens, and they cannot impose their taxes on cryptocurrencies.

But they can impose taxes. In the US the cryptocurrency users are paying tax for every trade they make. In the end of the year Coinbase and other exchanges send them a file full with their trades and taxation on them.

[Magnom 0]

Most countries don't want to depend on decentralized cryptocurrencies.. And they just accept using centralized coins! So that they are working on their own official cryptocurrencies .. They think that it's better for their economies and for the international economic system.

[Zalaks007 543]

Because most of the country haven't understand it and can't really regulate nor tax anyone from it. And what the government can't control nor tax they hardly make use of it.

[hasan007 206]

Countries laws are vary from each other, many country those who belongs to poor economy. That country will not allow the crypto because its can  open the door to money laundering which will leave the country in very bad situation. But those who have strong economy they should allow the crypto. 

[Strygwyr 317]

On 1/8/2020 at 5:58 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

Yep, not all countries take bitcoin as a legal currency. 
Some countries like Russia actually have laws regarding the usage of bitcoin.
Also there are still lots of countries who does not accept bitcoin.
There are some countries that are collecting tax from their citizens who uses bitcoins for trading and any transactions(not sure about this). I just heard it somewhere tho.

[Cryptonym 54]

On 1/8/2020 at 5:58 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

Not only Bitcoin but also a lot of crypto currency and there are also a lot of reasons why like they are feared if crypto currency replaces their own currency and they believe that crypto currency worn help their country.

[Moaz 7239]

The reason why most countries in the world do not accept Bitcoin as a means of payment is because they want to control Bitcoin and know the identity of its users in order to impose taxes on them in the buying and selling processes, but I think that in the future these countries will realize the importance of Bitcoin and they will accept it.

[gourav789 2834]

first reason is that bitcoin is decentralised coin , their is no body who can control price of Bitcoin . big holder can take this coin to moon as well back to ground level Also . or we can see it's bad signup effect on fait currency also .

[Guru2050 8284]

Some countries choose not to accept Crypto currencies because some of its specific features of being decentralized in nature which renders it free control or imposing tax on it by the government and it's anonymity, that doesn't require third party for performing the transaction.

[nykas 2812]

Some governments think that Bitcoin and cryptocurrency are very dangerous because of it technology and it can hurt usual financial system. So let`s give some time to them to know more about crypto 

[Naylor89 1223]

Because cryptocurrency have a high anonymity in every transaction so if someone use it in illegal no one can trace it. Also some reason is crypto is very volatile and the value is unpredictable. Besides that countries still want currencies that have been created by their countries that have images of people who merit in their country like photos of heroes and others.

[Izeal 4404]

On 1/8/2020 at 3:43 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 because country's government are more afraid of the negative aspects of the cryptocurrency and due to lack of education about the cryptocurrency. Lack of education will lead them to do scams and frauds and money laundering which could affect the country's economy.

[TimopheyKa 3900]

Bitcoin as a threat to the economy
Many experts say that the main reason for banning cryptocurrencies is the threat of a decline in the economy. A cryptocurrency is a completely independent structure that differs from a traditional currency. The cryptocurrency market is not controlled by the state in any way, which means that none of the banks receives a percentage of transactions.

Mccoll Robinson says that it is precisely because of the lack of control over the cryptocurrency that many countries are trying to ban it. Some States are even sure that crypto trading can be dangerous for both the population and the authorities.

In many countries, there is now a radical struggle with supporters of the cryptocurrency market. For example, in Nepal, some investors were sentenced to imprisonment. This trend is observed in Bolivia and Ecuador.

[rvherrera 137]

The concept of crypto is to be decentralized and not depend on the legislation of a country. Although some countries like China are looking to create their own cryptocurrency, we must not forget that the attractiveness of crypto is not depending on a country. That is why there are countries that do not allow crypto ... yet .... Thank you for your contribution it is very valuable, good luck, success and profit !!!

[Solex 2262]

Bitcoin is getting adapted worldwide day by day due to the power of the project and many people are making good profit in when they invest or trade bitcoin but they major reason why some countries refuse to legalize bitcoin is that they are afraid that making it legal will affect the country in such a way that users will cause inflation in price of commodities and poor citizens will suffer.

[Abdul41x 0]

The reason why not all countries accept bitcoin it was because bitcoin is a decenteralized exchange and it was not control by any governmental authority so every country is afraid to invest.

[Alimhana930 1605]

First, many countries and the majority do not consider Bitcoin legal, and only a few recognize it As for the percentage of its use and circulation from one country to another, this depends on the population itself, and many platforms such as Yobet do not require any activation of documents and do not prohibit any country and can work in them, but as I said, it depends on the population and their knowledge of Bitcoin and their understanding of it.

[Anamika3891 22]

Crypto currency is an online currency and it is use globally... But some countries does not accept it.. There have a lot of reasons..Thus is depending on their laws, and a lot of countries are taking bitcoin as a threat to them, and they cannot adopt cryptocurrencies.. But i think it will be fixed soon..

[Cryptic 0]

In what I have seen and observed, the country who's already adapting crypto is the first world country which has a resources and advance technology unlike the third world country which is I think lack of it. So maybe it is one of the reason why some didn't acknowledge crypto. But I was hoping that it would adapt by all the country because crypto has so much to offer.

[Rawad933 159]

This is due first to the state's economy and second to its laws, as many societies still do not know much about the world of digital currencies, so their system and laws will not accept anything unknown.

[Zeshan Khalid 2577]

All countries have their own currency and they want to make their currency developed and crypto currency competes with them and that's why they not allow the use of crypto currency

[Onden 2098]

Bitcoin is illegal in some countries, but that doesn't mean it is prohibited, we can still transact and trade with bitcoin. Many crypto exchange companies can still exist in countries where bitcoin is illegal, which means the use of bitcoin is not prohibited and it is possible to trade cryptocurrencies.

[percare 3192]

Every country has different laws and government systems. Some are very extreme and other are very free so some countries will accept Bitcoin and we see others ban and threaten even with prison anyone using Bitcoin. This is always has to do with culture, education infrastructure and the economy. All these together can help a country decide what way will it be for cryptocurrencies in their borders.

[Mosab73 333]

If we look at the financial policies of countries, we find that they adopt a central fiscal policy, because the central bank in each country is a bank for all the remaining banks if they are government banks or a private sector for that cryptocurrency is a decentralized currency that cannot be controlled unless these countries find a mechanism that can follow Bitcoin  And trade it then you can deal with it

[sarahmoses202020 251]

On 1/8/2020 at 10:58 AM, 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

Well the choice to ban the use of crypto is made by their governments and we don't know their reasons for that but I am sure that very soon a lot of counties would switch to making use of crypto currencies. The covid-19 pandemic has also earned crypto more recognition worldwide.

On 1/8/2020 at 5:15 PM, Interface User said:

Because of other reasons. Maybe they're more comfortable in fiat system and scared to evolution. Or maybe government don't want to lose big money. Sometimes this is measure in knowledge capacity of country in technology.

It could be because it pose a breach to their national security. They could have other reasons one of which might be that the price is not stable which may cause the money in place to be decreased or increased before delivery.