Why not all countries accept bitcoin

[Neha Phillip 68]

In some countries bitcoins are illegal. Still people use them but its hard to transfer the amounts back and forth. Moreover the whole process will be difficult for people form other countries. It is mainly because of the security issues and the availability to do scams 

[Mariya512 178]

so serves as looking on  rules, and many nations are going to be taking bitcoin the as the possibility to conservatives, and so they can't seem to take on cryptocurrencies attributable to unspecified  own factors, once I believe this is often not going to hold for a very long time, they'll believe it eventually.

Good luck all

[Ali Rao 161]

Because bitcoin has its own worth and its value is very great instead of any other currencies bitcoin is the major currency now a days. It is popular just because of its high rate of currency it is crossing many currencies that's the main reason which i saw.

[UnknownBoy 70]

I do not know the main reason that why the countries have banned the cryptocurrency and many countries are banned and do not want to accept the cryptocurrency in their country. Maybe there would be a lot of reasons that cryptocurrency are illegal in many countries.s

[Jeff J Carrel 27]

They do not accept it on the grounds that there is no control over it, that it threatens the national and economic security of states, and under the pretext of money laundering or the possibility of using this currency by terrorists, of course these are just flimsy arguments, these countries are upset because they cannot steal the information of their citizens through Bitcoin!

[maarcoferrer 1096]

Hello very good day, the truth in my opinion this is because not all countries give the correct information to its citizens, so it is more difficult to move the cryptocurrency in any of these countries, as there are also governments that know the potential of Bitcoin and are afraid to familiarize people, as there are other countries that are using it the high command of the government. But there are also other countries that want to use it to get the most out of it and surely they are already doing it. It all depends on the country.

[Gela 108]

Bitcoin isn't like paper currency that can be monitored and controlled by the government. It can be easily used by people for illegal purposes and not be tracked. In such sense, the government does not encourage or support its use. Some countries have been banned from using it.

[HadiLord 926]

Mostly due to the decentralization of these currencies, as no government agency can control them, their price, monitor them, or monitor the people who deal with them, and for this matter some countries began issuing their own central currencies such as China to keep pace with this technology and be in control of it in the same matter

[Mecalum 421]

Dear fellow i think that the main reason that many countries do not accept Bitcoin because of their laws and Bitcoin is a decentralized currency and most of the peoples threat about Bitcoin and not invest in it.

[Michailma 637]

I suggested that 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.

[Ysha5 763]

Some countries believe that these high-value cryptocurrencies will pose a great danger to the value of their currencies and that it will destroy their country's economy, but on the contrary, it is an important step towards progress and prosperity.

[Tony Stark Mark85 57]

I think all countries are not accepting bitcoin because they feared. Bitcoin is not a paper currency that's why no one can't control it. If the governments around the world accept it then lots of people will use this currency for business and the governments will lose tax that's why they feared bitcoin. 

[Malik jnb 704]

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

All the countries are not accept the bitcoin because they think  many people taking money out of country by wrong way. Many people doesn't paid taxes. But some countries accepted cryptocurrency.

[Farry 826]

Many countries have their own perception just like people mind set not everyone find good in bitcoin because their is risk in bitcoin and it is really not good for other.Bitcoin has a bad stigma in society, is always associated with crimes and drugs.Its risks is too high for that to be prevented in some countries.

[Sena1234 972]

Because bitcoin is peer to peer digital currency when allowed bitcoin as currency their is no way to collect money for government with out money how govt devolved their country total market banks economy sweep the bitcoin that's region all of countries not allowed bitcoin...

[Alibhai 462]

I  came to know by many posts that may be the cripto is decentralized and ni one can control it so the other governments are affraid just because they can't control it so according to me this is the only reason ,well may be some other.

[Dadouasaad123 902]

Yes, there are many countries that do not allow dealing with Bitcoin, and consider it illegal.  Certainly, in the future, when there are successful experiences of dealing with Bitcoin in countries, countries will trust more and more cryptocurrencies, they are now unable to control them, so they do not deal with them.

[Yellow320 206]

In my point of view, Bitcoin and all other crypto currencies are not accepted by all countries because they are decentralized , thus they cannot be controlled by governments, so that, those governments do not want to allow cryptocurrency make a threat for their countries.

[Brimstone 44]

Not all countries are accepting bitcoin because it has a lot of disadvantages, first of it is being decentralized, bitcoin can only runs by itself to the network and no one can handle it, and because of being decentralized, bitcoin is taxless, government has no benefit for bitcoin if someone is using it. Also, bitcoin ha anonymous transactions which can be used in illegal way. So here we can see that many countries didn't accept it for the safety of their citizens and also to the country itself.

[maarcoferrer 1096]

This is because there is still a lot of misinformation and countries have not tried to inform their citizens of the great opportunity that cryptocurrencies represent, sincerely we are in an era where we realize who wants to take advantage in a good way and who does not, because surely there are citizens who know but the government simply does not accept them.

[Miss Charlotte 55]

There are many reasons. As like its changeable currency. Anytime country in a risk when price are fall down. On the other side, hacker are easily hack it. So,These type of some reason all country cannot accept crypto currency. 

[hghadeer611 689]

I think that the reason is that cryptocurrencies are decentralized, no one can control them or monitor their transactions, but despite this, these currencies have spread significantly recently and many countries have allowed them.

[Rituu 224]

Not only bitcoin most of the countries but also Don't accept any digital currency. Because it may be used for illegal purpose and also many people use it for buying illegal guns or drugs on black market. The digital currency doesn’t have any control that's why the economy system hasbeen ruined 

[james653 981]

Many countries prohibit dealing with Bitcoin for several reasons.  Senders of money cannot be tracked and identified.  Governments fear that Bitcoin will be exploited in illegal and harmful matters to the state.  When individuals are allowed to transact with Bitcoin, many banks will lose a lot of their profits because they depend on commission between users.

[Maham123 292]

I also have a question about it. Although most people can get alot of benefit from bitcoin earning and especially students can earn more money for their education. Every country should allow bitcoin earnings.