Why not all countries accept bitcoin

[Nnnbht 502]

I believe that it is not possible to determine whether currencies are legal or not in the world. Each country has taken a certain measure, whereby Iran has established mining farms and encouraged dealing with them to get rid of the international ban imposed on them, and China has dealt with them while other countries have prevented people from dealing with them while taking legal measures. In my country, they do not know what cryptocurrencies are yet, and I think that countries that do not accept currencies because of fear of losing their control over state funds because of the decentralization feature that cryptocurrencies have.

[Saberali 530]

Every country has unique prospect and problem related to bitcoin and also does not have essential technology, this may be one reason that why all counties are not accept bitcoin. Second, many countries started their own cryptocurrency project rather accepting bitcoin. May be in future when crypto market will grow then bitcoin and other coin will be accepted by countries around the globe. 

[علي سليمان 1071]

It is a legal currency, of course, but there are some countries that did not deal with cryptocurrencies and Bitcoin specifically, and there are some countries that violated the cryptocurrencies because people did not go to their daily business

[emilywillson 666]

Some countries are banned from dealing with cryptocurrencies.
Also, there are countries that are not helped by their economic capabilities in order to adopt cryptocurrencies or use them in different fields within different companies.

[Jenny Lavelle 526]

Each country has its own law, so some countries don't accept dealing in an unlicensed cryptocurrency, However, the deteriorating economic situation in some poor countries prevents them from developing and using such advanced currencies, and this depends on the interior ministry of each country separately.

[Nor88 202]

Many countries did not accept the Bitcoin currency at the beginning because they did not trust that this currency would continue, and everyone was waiting for the death of this currency, but with time these currencies have proven their ability to continue and have imposed themselves in many areas and many predict that they have a great future in which these currencies may rule. The global financial system.

[Enas 245]

I think that most countries do not adopt Bitcoin because it is a decentralized currency that does not have a fixed price in the market. This is what makes countries afraid to introduce it and consider it an illegal currency and many people do not even know about it.

[Meer Hamza 409]

Unlike the usual banking and electronic payment systems, cryptocurrency accounts do not require personal data and are not linked to a specific person. Anyone can open a bitcoin address at any time without specifying their full name, passport details, phone number, or any other information that is usually requested from financial institutions.

[Rehaan 380]

There may consistently be reasons why different nations doesn't sanctioned bitcoin. It very well may be the way that it's for all intents and purposes earned and they can't know where it came from and possibly they simply need to be protected and to keep away from precarious value exchanges with digital currencies.

[Emma james 333]

I think it's mainly a political thing why they are not accepting BTC because they can control it in fact no one is controlling it and it's unknown who is behind it and that's scares the governments but if they overcome that fear they will see that BTC acutely will help there country. 

[Yoz 192]

I think countries are afraid of legalizing bitcoin because it is a virtual currency, you can not feel it in the real world, and because its value is always changing and not stable which could cause a lot of harm to the economics.

[Wael154 1134]

Look one thing. Every country in the world have not the same efficiency or same wealth or same power or same advancement. So it is not possible that which work USA doing today it should be parallelly done by Bhutan. I am not discriminating Bhutan. I just wanted to say it takes different time for different countries to be like that. It is also same. 

[Gamble 0]

There are many reasons why alot of countries are not accepting bitcoin because no one can control it and other cryptocurrencies. We all know how vulnerable the cryptocurrency market and government don't want to take risk because if they accept crypto and prices of it goes down the economy of the country may be affected too.

[AboQusai 155]

For several reasons, the most important decentralization feature that Bitcoin enjoys, and this is a hindrance for countries because they are unable to control this currency or impose taxes on it. It is also considered a method of payment approved by law-breakers on deep web sites, and this is one of the drawbacks of cryptocurrencies that have followed it since its inception.

[Ali iskandr 600]

Some countries have concerns about the spread of cryptocurrencies for fear that their countries' currency will collapse and become worthless or all people turn to deal with electronic currencies.

In my opinion, this thinking is wrong and it should keep pace with this development.

[White3319 463]

Indeed, most countries do not accept it, but there are some of these countries that have experimented with using them and have had a positive result and great ease compared to paper currencies, so I see that all countries will do this, but maybe at a later time.

[Tasmem SH 247]

I guess because crybtocurrencies do not follow the rules of any currency around world and still digital currency that does not have main or basic source so that the rulers think it does not legal then, it does not have a place in the monetary fund.

[ItxAiza 222]

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

I think that all the countries are not accepting the bitcoin because they are afraid that if they accept the bitcoin then there will be a fair that the bitcoin will replace there country and there currency will be dead and they will have to only use the bitcoin for every purpose.

[Johnii 256]

In many cryptocurrency is accepted and people are doing there work in it and earning money from it. But there are also many countries which do not accept this currency and consider it illegal because it is against there rules and regulations. 

[Mousa 758]

Yes you are right not all countries accept bitcoin but it is making development significantly and is growing gradually most of the country did not accept bitcoin because their government are in control of the currency they use 

[almayuki9 200]

There are many countries that do not trust Bitcoin, and do not want the people to deal with it, because it is decentralized and that means that the government cannot control it, and the first of these countries is the United States of America, as it does not want to abolish the dollar’s control over the world.

[selfmade 7]

1 hour ago, Mousa said:

Yes you are right not all countries accept bitcoin but it is making development significantly and is growing gradually most of the country did not accept bitcoin because their government are in control of the currency they use 

All governments are in control of the currency they use, the local currency even those which does not burn cryptocurrencies. I believe the reason behind the banning of cryptocurrencies in some countries, first is the mass use of cryptocurrencies in that country and second is the lack of means by those countries to control cryptocurrencies.

[lubinshah 562]

there's a lot of doubt and issues regarding to the bitcoins that's why not all countries accept bitcoin because the bitcoin is not stabilized coin. in market there's a time that will increase or decrease that coin depending on the market how they hold that. however it was a great and helpful moves when they accepted bitcoin to all countries.

[joemcgwa 3227]

For anything that's claimed to be illegal, thats means there will have some countries which will legalize it and other will not legalize it, such as marijuana is illegal in some countries such as in my my state, while other countries marijuana is legal, so that's why also cryptocurrencies are not legalized in all countries.

[Shurerym 210]

I think most about the nations which are as yet forbidding digital currencies because of certain constraints and danger of lawbreakers who may abuse the digital currency to put away their dark cash and they may likewise avoid the charges by conning the arrangement of government.