Why not all countries accept bitcoin

[Fixfin 2569]

Because every country is different. Why don't all countries accept the USD or the euro. This is not to question. Some don't like cryptocurrencies, they don't understand and have many things to hide using their national currencies.

[Rbs 6]

It didn't guaranteed that that mount paid to you. If you see an Indian rupee note where the Govt is promised to pay the holder that amount, but Bitcoin never and it just the price was increasing.

Now it can be acceptable in every country, but it''s easy to use  for illegal purposes.

[kryptonick 2659]

On 1/8/2020 at 11:58 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

What development is this that it is significantly increased? What is this about? Bitcoin development is increased? I haven't seen development lately. This question is very hard to understand. Why not all countries accept Bitcoin? Which countries are these? I don't know a country that accept Bitcoin. It is P2P meaning person to person so a country has nothing to do with Bitcoin.

[Mike1515 2977]

I think venturing to bitcoin whole heatedly can be a little bit tough for so many people and thats why its important we follow so many things and the very first one is to make sure that you know where you are going in the many cases we find in out there , and the other one is to actually level out the good things of this market and work even harder,  countries must not accept it whole heartedly but with cation and that is very important

[Gluttony 1775]

The development is not the reason why there are still countries that cannot accept bitcoin which is not surprising since they are all still sticking to centralized sectors which is controlled by the government such as the financial institutions. There are still many people think that the norm that they have grown up with is the only thing and other thing being introduced might be risky for them. I could say that may be the reason is that they are not that so easy to adopt to the changes happening since the effect of accepting cryptocurrencies such as bitcoin could make a conflict against the financial institutions which are the banks.

[Jaafar Fahad Hassan 114]

To be honest the development has indeed increase,it changes people life's ,but for why many countries don't accept it is what I still find a bit difficult to understand, it maybe that they think it going to affect their economy,if not what would have been the reason

[Naylor89 1223]

Some governments has a great fear of losing control due to decentralized nature of most cryptocurrencies and they can't control over the money of their people. The others think it will just be used for criminal activities and the money-laundering, So they resist to allow that. But cryptocurrency is advance technology and in the near future, it will be accepted.
 

[safwan944 54]

most of the countries dont accept the cryoto currencies as well as bitcoin because it can be used in many illegal ways to harm countries protocol for example money laundering and terrorism.Hopefully if this can be controlled cryotos will prevail allover the world.

[Swapzone 174]

There can be many reasons for Countries to not accept Bitcoin. Firstly, it is untraceable so the governments say "it can be used for illegal purposes". The other thing is - it is a decentralized peer-to-peer cash.

[Tunuu 2235]

Because not all countries believes bitcoin. Many countries until today they think bitcoin is a scam and it will decrease their economy by causing poverty to the citizens.

[Yabuko 629]

You can't say whether if it is legal or not  because rhia ia the matter here , as long ait is considered as illegal they won't accept it and there are many reasons for rhat,

They won't allow bitcoin or any cryptocurrency to take over their national coin they use and also crypto sometimes is used in illegal methods by criminals which make it harder to track them by government

[khan22 3478]

This time so many countries will not except the BTC and also the other crypto currencies but in the future they except this and the banks also start the ATM which just except the BTC and also great other coins and we withdraw our money easily through that ATMs.

[Jaafar Fahad Hassan 114]

Cryptocurrency by now is supposed to be accepted by many countries, I know many European countries are developing interest,but most countries from Africa are not giving a chance, it may be simply because their government have not proper orientation

[MalikAdnan 1662]

Yes it is true. Inany countries crypto is banned because the real problem is for government. They not control it and it directly effect the country economy. Therefore crypto is banned in many countries.

[Dorjoy12 8962]

9 hours ago, Tunuu said:

Because not all countries believes bitcoin. Many countries until today they think bitcoin is a scam and it will decrease their economy by causing poverty to the citizens.

@Tunuu this is not the right reason my friend... You can check out that all the development country accept bitcoin Only because those country’s cyber security system is too much upgraded so that if any crime happen by bitcoin then they can easily solve the crime...because in this present world mostly time crime happen by crypto currency.. While poor Country dont dare to accept bitcoin Becuase their Cyber security system is so weak that they even unable to solve their problem.. So they not ready yet to accept bitcoin..                               

[Danii2312 34]

Bitcoin is not a paper currency where it didn't guaranteed that that mount paid to you. If you see an Indian rupee note where the Govt is promised to pay the holder that amount, but Bitcoin never and it just the price was increasing.

Now it can be acceptable in every country, but it''s easy to use  for illegal purposes and the transaction cannot be tracked. For this sake most Govt s kept it on strict rules and some have banned

[sarahmoses202020 251]

On 1/8/2020 at 11:55 AM, iloveyobit said:

I have seen this post before, the reason is their fear of the collapse of their local currency first and also because digital currencies are decentralized and the risk is too high for that to be prevented in some countries.

 

Well it's more like they don't like decentralization. They want things they can control and set taxes on. Crypto is out of government control and that is why they won't allow it. But if they able to build their own coins which they can control then chances are they will lift the ban.

[Habibajahan299333 24]

There are still several countries around the world that have not yet accepted Bitcoin.  Because they accept Bitcoin as illegal and they think it is just a scam.

[jack23456 81]

Bitcoin isn't fabulous conventional paper cash just where the software just didn't certain to get which usually mnt spent in your direction. Once you watch any American native Indians rupee pay attention to while the Government is normally assured to shell out all the brochure holder which usually range, still Bitcoin do not that's why only just the price tag was first enhancing.

At this time it is typically reasonable in just about every countryside, still it's user-friendly just for spurious usages and therefore the business deal is not to be tracked. For the cause a large number of Government, lenses secured the software relating to no-nonsense recommendations and certain experience banned from the game.

[cryptovlek 2597]

It doesnot matter, Bitcoin doesn't need acceptance by a government but it needs people to use it. If a country does not accept bitcoin it will still be there and everyone can use it buy it sell it or do whatever with Bitcoin. So this is not about the countries, and most have understood they can't do a lot about it.

[iloveyobit 6599]

5 hours ago, sarahmoses202020 said:

Well it's more like they don't like decentralization. They want things they can control and set taxes on. Crypto is out of government control and that is why they won't allow it. But if they able to build their own coins which they can control then chances are they will lift the ban.

Yes, this is completely correct, but there is information that says that many countries have reserves of Bitcoin, especially the United States, specifically FBI and   shows the importance of Bitcoin in the future.

[Jhooony 1]

Bitcoin does not accepted by most of the countries since it does not covers the tax, they don't have the control over crypto. And also when a situation comes where crypto are used everywhere and there are no other currency used.

[adamramis 496]

In Morocco the government don't accepte bitcoin at all  in fact technically they don't have systems to use crypto in banks and exchanges and see it as a threat to the economy 

[Jhooony 1]

Yes it is true. Inany countries crypto is banned because the real problem is for government. They not control it and it directly effect the country economy. Therefore crypto is banned in many countries.

[estee369 489]

Maybe they are concern about money laundering. But i think its not right and true either. 99% money laundering happens through bank. Govt people also behind that and thats why they want BTC in the place of paper cash. If they do that anyone can track their transaction.