Why not all countries accept bitcoin

[abohasnn9 2401]

My friend, the reason is that Bitcoin is a decentralized currency, and international central banks do not trust cryptocurrencies as a whole, not just Bitcoin, and the more complex matter is due to the United States of America being the economic dominant in the world in not wanting cryptocurrencies as a whole and Bitcoin in particular because of its suspicion of replacing cryptocurrencies.  Dollar thanks

[setifien 1016]

3 hours ago, ABIR21 said:

Many country banned bitcoin. Because bitcoin is independent currency.  Government  cannot  do interfere on it.  Its price depends on supply and demands. None can handle it.  That's why many countries banned it.  

There are many other reasons, governors say bitcoin (and cryptocurrencies in general) will be used in illegal activities (like money laundering, tax evasion, support criminal activities...etc), furthermore, they want to tax its use.

[abd1992 960]

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

There are some countries that may be prohibited from paying or dealing with Bitcoin, and also there are countries that do not allow it to enter because it may cause the collapse of its currency

[Husnyjaf 1784]

13 hours ago, Corybarlog said:

There are countries not accepting crypto currency because maybe it has something to offend their country policy and law.maybe they need to understand how Bitcoin works first.they need someone to explain how this currency works.

Well my friend sometimes some country prefer to do what will favor them and their citizens. Cryptocurrency is still growing in some parts of the world while it has fully been adopted in some. So with time I belive it will be adopted all over the world.

[Edwinvicky 819]

On 1/8/2020 at 11:26 AM, Soaib khan said:

in my country crypto currencies is illegal and most of peoples not known about crypto. crypto currencies banned in many country because crypto not traceable or government not control.

Yes every country has their rules in terms of monetary. some may adopt it because they know the value and have enough information about it while some have no info and so they tag it as scam and impose ban.

[Amiami 1362]

It is simple, societies are characterized by economic, cultural or political aspects, so this directly affects the future of certain issues or projects in each country, for something we see that in Asia, countries are more open to cryptocurrencies because their mentality It is to innovate and take advantage of all possible means to earn money, while in other countries we find more conservative doctrines with more closed economic systems.

[Frodler 943]

Well I think some countries still haven't seen the true potential of cryptocurrencies and as such have not yet legalized the selling or trading of it. 

[Serbberq 724]

There are some countries that have accept using bitcoin but there are some that are yet to adopt. There reasons is that they can't control the using of any virtual currency because is a decentralized currency, and due to some security issues they refuse to legalise it only those that are ready to take the risk within those countries are using bitcoin and other cryptocurrency projects. 

[betelihem 4766]

On 12/15/2020 at 3:15 PM, Siam50 said:

Bitcoin is a digital currency that is initially limited to the Internet.  It is illegal in many countries of the world.  It is not a legal tender recognized by the government.  So it would be a crime to work with bitcoin in countries where cryptocurrency is banned.  So people are aware of the use of prohibited currency.  Bitcoin is banned in most countries in Asia, but it is legal in many countries in Europe and Africa.  Not all countries accept cryptocurrencies because they are banned by the government.

You are right many country's in the world have banned bitcoin because of its decentralized property and that's the many reason for not some country's are not accepting bitcoins, and some country's have no idea about bitcoin and they haven't heard any thing about bitcoin.

[Sp19a1ma019 1076]

Unawareness is main cause most of people are not known about Cryptocurrency it is very flexible and liqudty and the moment of its so widely. I think it is banned because of most of person use it for iligal transaction of money. 

[Sandra k 6]

Bitcoin is a digital currency and hence all the developed countries allies with digital currency .now that all the countries develop on the digital platform so that they will also allow the circulation of digital currencies. The countries which are doing trading it's the main countries which allow the bitcoins and other types of digital currencies.

[Robert William 590]

Because those countries fear that bitcoin will ruin their pyramid or like the balance of their country, which is really bad. so i think if your country is facing a financial problem acception bitcoin is a wise choice.

[Ponnnu 962]

Many countries do not accept and legalise cryptocurrency because because they have no control and authority over these coins as they are purely decentralised. And they do not want to loose the significance of their national currency due to the use if cryptocurrency, which can be transacted world wide. But nowadays the restrictions are getting lesser as the reliability and benefits of cryptocurrency is on increase. And many people are coming to know about cryptocurrency, so they start to use it and its popularity and users increases leading to a global acceptance of cryptocurrency within a short time span. 

[Garion hirao 550]

Yes, crypto is not accepted in all countries till today. But, rest assured it will be accepted very soon in all countries because this technology is going to be Global standard. Last time i saw a country who does not allow crypto but they are now offering Blockchain and Crypto project courses at Government level. It is a green signal that Crypto will be adopted very soon in all countries. 

[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

[RoyalHouse01 9]

they countries are afraid of the theft and the illegal use of the bitcoin that is why the countries are not accepting it and also you can not track it so it will be hard to import taxes on the earning of the bitcoin.

[Idaho Bruk 573]

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

[Amir bhai 464]

Every country has their own rules so we cant force them to allow crypto. The crypto is useful for every person who is poor or rich. It is beneficial for both. But many of countries bann it for their profit and interests and some bann it for their own benefits 

But it is difficult to understand the rule which bann for crypto and bitcoin so this is not important that their people get lots of profit from here so therefore they bann it. It is very useful forum due to which every member can take lots of profit

[Aulla1997 424]

Some countries prefer to deal in their paper currency than to deal in Bitcoin, perhaps because this contradicts their protocols, in addition to that I noticed that , the country that deals with Bitcoin, its people are not restricted by a fiat currency and the state has no authority in that, Bitcoin is a global currency that is not like the dollar, the euro and other currencies.

[Didemnisa 104]

Because there are many more countries that do not know that bitcoin is a currency. The reason is, people don't want to believe in something intangible. As a matter of fact, you know that Bitcoin is a virtual digital currency. People cannot see it with their hands. It is hard for them to accept because of it.

[Braulio Eurea 720]

Since its creation, bitcoin has faced a problem in its legality, bitcoin created the world of cryptocurrencies, which is a parallel payment system to the legal tender of the countries, bitcoin is accepted in practice in the countries but does not have the legal framework, some countries treat bitcoin as a business asset, but not as a currency. Let's keep in mind that bitcoin competes with the official currencies of the countries, these physical currencies are legal tender, they are under the legal framework of those countries. On the other hand, bitcoin is decentralized and is a private initiative, which is not under the tutelage and control of any government, that is why many countries reject bitcoin and try to make it disappear from their area.

[Nonahassan 915]

Because in my opinion, Bitcoin affects the economies of some countries and puts them in an economic dilemma, so they ban it and this is what makes some people worried about investing in Bitcoin, but I see that it has become a reality and all countries will recognize it

[Adam786 560]

A lot of countries did not accept the Bitcoin because they think this is scam and my country is also included in those countries because the cryptocyrrency is banned in my country. Every country cannot accept the Bitcoin due to the laws of that country. A lot of countries have not any knowledge about the cryptocyrrency then how can they adopt it.

[Matias Conforti 89]

I think the problem with Bitcoin is that they cannot control it, since it is supported by the community worldwide, although I think that countries that do not accept it sooner or later will have to do so.

[Linclon4 541]

I think it is because of lacking knowledge about bitcoin. They don't have enough knowledge about bitcoin they don't know how much profitable bitcoin. If they knew it they couldn't do this.