Why not all countries accept bitcoin

[Sahbana 212]

Because every country has its own regulations on Bitcoin. There are some countries that prohibit it because they fear that it will be abused by their people.

[guatazoo 7150]

2 hours ago, Mehraf mahin said:

Because every country wants to use their own currency.if they use their own currency then their economy goes to top

So what do you think about the idea of some countries creating their own cryptocurrencies, do you think it will solve this?

[andrehol 16294]

Some governments simply expect steps from world leaders (USA, China, Russia), others are afraid of the devaluation of their own national currency. But there are countries where cryptocurrency is legal.

[sazzad925379 128]

There are still a number of countries that have not been able to exclude bitcoin because they think bitcoin is just a scam.But hopefully they will understand their mistake soon enough and get bitcoin excluded.

[Fatihgani12 348]

You don't know that this topic has been discussed for a long time here, so I suggest you, beginners, to post on the topic of beginners to avoid this uselessness.

[ShakilA 373]

Some of countries government thinks bitcoin or Cryptocurrency is scamed.They think this is not real.They also think crypto kill their economy

[Sumayya 493]

Bitcoin is not yet legal,but some countries has accepted the risk to make it legal in which it is not legal in the country

[Saifchy 94]

Because the countries does have a clear knowledge about the digital currency. They doesn't know about the benefit and use of digital currency. It is my own opinion. 

[Lubruselu 2803]

Many of countries has already having their biggest economics, So they don't see any advantage to adapt the uses of the cryptocurrencies

[Linkkoin 116]

8 minutes ago, Saifchy said:

Because the countries does have a clear knowledge about the digital currency. They doesn't know about the benefit and use of digital currency. It is my own opinion. 

Well, the people who often sit in parliaments all across the globe they do not understand the idea of blockchain and cryptocurrencies as such - and if they do not understand it, they fear it. If they fear it, they are not willing to vote for its wide adoption, but rather opposite.  Many others think of BTC and cryptos as just investment method.

[mskhatri24 299]

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. 

[fo1lluko1l 487]

Because a lot of people will understand that you can not work for a penny and find other ways to earn money (including with cryptocurrency) and the state because of this will lose a lot of money.

[CryptoMaxim 3829]

Probably because bitcoin is anonymous. But in a series of current events of verification of exchanges and passing KYC, perhaps in the future bitcoin will be accepted at the official level.

[Sumayya 493]

17 hours ago, hasanS33 said:

because not a lot of the people trust in bitcoin and other cryptocurrency for it don't have material exists and you can't track it to people and for that it used by drug dealers for example and other illegal activities around the world

Because a lot of people does not trust cryptocurrency especially the government and the banks

[Kimmy So 176]

the risks are too high if all of the countries recognize the bitcoin. some countries think of bitcoin as negatively or something that is a threat. 

[Sapdrx 469]

9 minutes ago, Ismail4886 said:

 Some of countries government thinks bitcoin or Cryptocurrency is scamed.because they are afraid that Bitcoin will disappear in the near future. and because the government cannot collect taxes from bitcoins.so they banned Bitcoin.

I fully agree. Bitcoin cannot be controlled by the goverment. another reason would be fear for the illegal cicuit. Many criminals find their way in crypto. Also moneylaundring could be one of the reasons.

[fuer44 1083]

because the value is very volatile is considered very risky if you hold crypto assets. so the state does not want to take risks if the people get big losses from crypto investment, and also there is no guarantee from there. in my opinion behind it all, actually there is also a large profit that can also be taken from the crypto price fluctuations.

[Nakamoto 279]

16 minutes ago, ananya7737 said:

they will end up using centralized blockchains

This is not our goal but ok for a start but it will take expensive resources to make a safe centralized blockchain platform. So they should wise and choose the decentralized platform.

 

19 minutes ago, ananya7737 said:

MasterCard

Where have you been? they already started.

[Nurul Huda 944]

On 1/8/2020 at 4:58 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 agree with your statement that not all countries accept bitcoin but there are some countries that accept bitcoin as a transaction tool or a bitcoin ATM machine, chances are their government knows bitcoin so they understand about bitcoin well and they learn it because bitcoin always increases significantly.

[Kenan mehoub 540]

Because it is a new currency and depends on high technology and some countries cannot take this technology and prefer to work and exchange in traditional ways through the dollar, gold and oil.

[Oxygen 1004]

Most of the countrie's governments afraid of crypto due to its decentralization system, as it is difficult to trace, and most probably its being used in criminal activities also its hard to impose tax on it. 

[Casinoval 330]

Many countries don't understand Bitcoin and the rest of the crypto currencies, they just want to buried it, just because they don't understand it.

[Grease Lightning 169]

1 hour ago, Oxygen said:

as it is difficult to trace

This is an incorrect statement. We can track all the transactions very easy in the block explorer. Especially, when all wallet has been tag by the government. 

[Agios 1763]

Because no one controls Bitcoin is illegal, of course not all countries can accept Bitcoin, because they (the government) have the right and obligation to protect their financial economic systems. Indeed, the number of Bitcoin users is always increasing, and the development has increased significantly.

[el-Muhammady 718]

Many countries refuse to legalized Bitcoin due to the fact that it is decentralized site and no government hands in it only and even government cannot stop it unless the site is centralized