Why not all countries accept bitcoin

[Mwangi 5611]

Well to me , most countries have already accepted but the problem we have is that the countries that dont, is tht they avoid something, like control a country like china loves to know where its country stands, and something they dont have control of they avoid a lot and so its important they avoid getting into it, but create one of their own , that way they will be able to have control on to it

[jockerdon 2]

Now this time so many countries will Ban the bitcoin but soon these countriea will allow this and they legal it in short time because this is the world future.

[Naylor89 1223]

Because they see that bitcoin is a currency that can not be monitored by the government and they are afraid that people can do illegal transactions, and there are many other currencies that people can exchange with and not pay taxes.

[Usman Abdulmumin 354]

He is a matter of time which time every countries will accept Bitcoin because now there's so many people that have negative thinking about bitcoin and other currencies but time will make them understand crypto is here to help the world

[Joshim 111 1]

Most countries consider bitcoin to be an economic threat.  And they think that this is money laundering .. That is why countries do not want to validate Bitcoin.  But if you considered the good aspects of Bitcoin, then cryptotalk would have gained more popularity.

[Sedy 670]

On 1/8/2020 at 3:28 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

Bitcoins or other form of crypto currency are illegal in some countries due to massive rise in money laundering, illegal activities, and are illegal basically in war-torned countries at the moment. Hopefully we wish to see Legal crypto universe. And eventually everybody will start dealing in crypto currencies.

[Amin242424 25]

Because some countries believe that money laundering takes place through Bitcoin and digital currencies and is used in extortion as we have witnessed a lot of times and it does not leave a trace to track it

[Investors Blog 385]

On 1/8/2020 at 5:58 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

Every country has an obligation to protect their national currency, So there's no way that they will acknowledge an alternative currency as a legal tender. Everyone has not choice but to sell their bitcoin in local currency if they plan to spend and use it for everyday shopping.

[Goody28 259]

I think most countries don't accept bitcoins because they don't believe they can actually make good  income with it and most countries thinks it's spam too

[ETheHedgehog 3104]

Because of its volatility, a lot of governments don't like currencies that aren't stable as they can lose from it 

[Cryptoba 37]

Cryptocurrency and bitcoin both are found and konow illegal to government of some countries as its decentralized currency government faced some question about the law cuz illegal sides of world can be done easily through it

[Darkelf11 262]

On 1/8/2020 at 5:58 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

The reason I believe, is that simply because government prefer and wanted us to used those currencies that are issued on that country, doing so, will make them track and govern and monitor those transactions that are being made. If their citizens will use cryptocurrencies, and citizens always converting their money to crypto, governments are afraid that they cannot track the transactions that you will be making.

[Mizan 96]

I don't know why not all country supported bitcoin. Bangladesh also not supported bitcoin. I don't know why. Crypto is the best  this is my personal opinion.  

[Gg233 1061]

For some country they see bitcoin as threat in their economic or in banking business and also they are not interested because it might affect in stock trading in their country.

[kadayakito 765]

It's true that not all countries accept bitcoin, bitcoin is not legal in many countries. For example, India had a more positive view of cryptocurrencies and had plans with them. I think every nation should not refuse bitcoin.

[Goody28 259]

On 1/8/2020 at 10:58 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

I thought its not acceptable in many country because they see it as an illegal technology

[Saiful123 11]

That's because digital currencies are decentralized and the risk of stopping them is high in some countries .I saw this post before, because of the fear of their local currency falling.....

[Mifu 5]

As cryptocurrency is not a paper money.  You cant get bitcoins in you hand and the government cant also control it..  So i think thats why in many countries its illegal     

[Gunhoo 91]

Because most countries considered bitcoin is like a threat for their banking system. No idea what makes them have such thoughts, it might be because bitcoin is very popular, and can be used by anyone in the world and cannot be trace. 

[iloveyobit 6599]

Because the majority of countries prefer that its currency and its economy always last and accepting Bitcoin will spoil that plan, this is the only reason that they do not accept Bitcoin.

[Nakamoto 279]

Maybe not all countries can accept cryptocurrency now. But eventually they will accept it too because more and more countries are starting to use and legalize cryptocurrency transactions. The countries that are left behind will live in the stone age and will be forever poor of all things. Will your country be like that forever? If not start fighting!

 

And leaders are you the flintstone?

 

[Suhannewaz 245]

While Bitcoin itself is not made illegal in most countries its status varies, with different regulatory effects, as money (or a commodity). Although some countries specifically permitted its use and trade, others prohibited or limited it.

[Ionescu 115]

On 1/27/2020 at 9:31 AM, Crypto555 said:

Actually right now countries are not accepting or rejecting bitcoin. They are simply letting people to use it until they figure out how to control it and ask taxes for it 

That's right. No one said they are rejecting bitcoin or wither they are accepting bitcoin to their countries. Some of them have said something but not very clear 

[Cryptohidayat 36]

Some countries do not have potential to invest in crypto that is why they are worrying to invest in crypto. But by the way bitcoin is the future currency and it will defeat all fiat currencies in future 

[Ayush Singh 1175]

The reason behind it is that till now bitcoin has not become a trustworthy coin in which major part of citizens can invest and the price of its fluctuates rapidly which don't allow the users to use it and to be accepted by all countries it has to be centralized and should be leaglly bounded.