Why not all countries accept bitcoin

[CarlosARM 6]

In several countries bitcoin is illegal because it is something that in itself does not leave information about the person who owns bitcoin or to whomever sends it, in my country it is legal but I have seen that in Asian countries where everything is controlled it is illegal.

[gabrielrojasg 42]

Because bitcoin is descentralized currency, that is, nobody can control it, as far as I know that is why some countries don't take this option.

[Shuvo46 41]

Because, crypto currency risk is too high. I think some years later many countries are supported crypto currency. 

[TomyDax 18]

 

Although Bitcoin is welcome in many parts of the world, I believe that some countries are cautious and do not want to accept it because it is volatile, it is decentralized, therefore they do not have control over it and it is a perceived threat to monetary systems. current events and links to illicit activities such as drug trafficking and money laundering.

[arthur3 30]

when bitcoin came out, what we knew as money was turned upside down. This pioneering cryptocurrency of its style opened our minds, saying that we not only have to depend on fiat currencies or governments that regulate the money we earn. There is something else, it is totally legal and it can also have many benefits for people who dare to try it.

[jahanhabiba29933 377]

As far as I know, there are several countries in the world that have not yet accepted Bitcoin.  Because they think Bitcoin is illegal and they think it's just a scam.  But hopefully soon they will realize their mistake and accept Bitcoin.

[ReyFG 65]

Many countries do not accept cryptocurrency trading because it is considered high risk, such as money laundering, scams and among other things that can affect the user. But there are governments that have discussed this issue with finance experts and clearly the message is that the cryptocurrency business must be legalized because "it will be the future of digital transactions around the world."

[luxorif 96]

Bitcoin doesn't acknowledged by the greater part of the nations since it doesn't covers the duty, they don't have the command over crypto. And furthermore when a circumstance comes where crypto are utilized all over the place and there are no other money utilized.

[lyudkic3008 30]

Not all countries accept cryptocurrencies because the complex legal nature of cryptocurrencies does not allow them to be recognized in cash, currency or currency of another country, currency value, electronic money, securities or monetary surrogates.

[diferlol10 36]

For a country to accept it correctly it is a whole process since the security to maintain them and how the population will use them is evaluated, as well as many more factors that could favor or harm the country

Edited October 4, 2020 by diferlol10
I was confused when I thought I was writing in English

[tunahanataccc 15]

they use it for money laundering in some countries. btc is the money of the future. 

[khalidforu 51]

Bitcoin is world's no.1 decentralized virtual currency nobody control the bitcoin, it is peer to peer network. All countries are not acceptable the bitcoin because they don't know knowledge about the cryptocurrency platform.

[sarahmoses202020 251]

On 1/8/2020 at 1:00 PM, bentayebsalah said:

Bitcoin is not accepted by all countries because of its risk because it is used in illegal business, and also because the currency is decentralized, it is impossible to control it.

Well it seems that the government haven't yet figured out how to impose taxes and without tasks the government would never allow you to use it. So the recent move by government is to force exchanges to use KYC so that everyone trading in that exchange would have to pay some fees to the government. However if you use DEX exchanges you would have no issues at all.

[Darkshad 7]

The European Union has passed no specific legislation relative to the status of bitcoin as a currency, but has stated that VAT/GST is not applicable to the conversion between traditional (fiat) currency and bitcoin.

[Mostafa Emam 13]

There are some countries don't believe in BTC and they think that BTC would damage its local currency so the prevent using it.

[Affect579 66]

I think because for many countries bitcoin appeared relatively recently you also need to understand that you need to have control and this requires a system many people are used to bills and that such a bitcoin is understood by a very small percentage of the population

[Aquaman69 217]

Today, Bitcoin is priced at $ 10860.  Bitcoin is an ideal currency. Its price is much higher and will increase further in the future.  Many people will be very profitable to invest or trade with Bitcoin.  It has a nickname in almost every country in the world but not everyone uses it or knows how to use it.  As a result it is not accepted in many countries of the world.

[UNFAIRR 47]

I can't say something about this becouse it's their business if you want to, they will accept cryptocurrency

[Joli7 25]

There are several reasons, if not many, of the main ones is because this new currency, the cryptocurrency is not yet part of the country's economy, another reason is because, not as it is new, they do not have the necessary laws to control them and therefore they can even be illegal

[rooiie 3]

a lot off countries want to know what there people does so thats why crypto is not allowed in all countries

[Mahmoud Sabry 15]

In my opinion, some countries not accept bitcoin because it comes with illegal way. 

[BaluDigital 84]

Many countries do not want to adapt to Victoria that they see bitcoin as a threat since by not having to be monetized So to speak or having to be held accountable this would have to be quite good for the population since it would avoid many scams that are currently carried out in many countries And also because the banks that are part of them right now we can also see that bitcoin and it is much more transparent than the current banking system

[chrysmovic 63]

because there are countries that still do not believe in digital assets because they see them as a scam but it turns out that this is not the case, we must increase our investment portfolio and continue to grow

[notimetoconcede 22]

Perhaps bitcoin is banned in some countries, because the state and government cannot control the course. Bitcoin is not part of government. My opinion is.

[Joli7 25]

Bolivia never saw cryptocurrencies as legal, with the previous government taking strong positions to deter their use in the country. The use of Bitcoin and other cryptocurrencies triggers fines or arrests, as there have been several arrests in the past for some people caught trading or mining Bitcoin.