Why not all countries accept bitcoin

[Tehniyat 8]

Since its a digital currency and is not popular to most countries, they do not accept bitcoins. Bitcoin can prevail money laundering and can make the economy of a country go unstable. It can create a decentralised threat to a country. 

[Pegem 109]

22 minutes ago, safi123 said:

every country has own thinking to acceptance the bitcoin it is not door hand currency and it is digital currency we make trade or pay online. it has huge requirement to this,

There are also some countries who do not have that much knowledge and resources that they readily accept bitcoin only high developed countries are accepting it right now and other will follow in the coming future. 

[salman47042 23]

BitCoin is not a banknote as it does not guarantee that this mountain will pay you. If you see a note about the Indian Rupee, as the government promised to pay that amount to the registrant, but Bitcoin will never go up.

This may be acceptable in every country now, but it is easy to use for illegal purposes and this transaction cannot be tracked. For this purpose, most of the government has backed this on strict rules and some have imposed sanctions.

[avatarkiyoshi 270]

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

The regulations for each country on this world is different, there are a country that open to Bitcoin and accept it as legal payment, there are country that accept Bitcoin as commodity only not for a payment and there are country that prohibited any Bitcoin activities.

You can check the table of Bitcoin legality by country: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

[Himal1432 5]

No, if the state legalizes Bitcoin, then there is a big risk that the economy of the country could be disastrous. The main reason is that Bitcoin uses a decentralized system, so nobody can control it.

[Himal1432 5]

Digital currency, the crypto government can not control, and it is confined to many countries because of the face of the bank in the troubled bank. I do not know exactly why not all countries accept Bitcoin, I think Bitcoin.

Digital currency, the crypto government can not control, and it is confined to many countries because of the face of the bank in the troubled bank. I do not know exactly why not all countries accept Bitcoin, I think Bitcoin.

[Himal1432 5]

Validation does, however, have a major risk that the country's economy can be destructive.

[Muhammad ayyan 811]

There are many countries who are not accepting cryptocurtenies like USA. I think the main reason is that this very easy to use for illegal people it.will harmful for country.

[salman47042 23]

Almost every campaign comes from that point of view, make sure to plan your personal boundaries and also synchronize with the state so you get the option to enforce the state which prevents the software To be sure, this is a real genuine threat that respects you. Therefore, the country's economy is barred from gambling in this regard

[Pegem 109]

1 hour ago, Eyamin23 said:

 Why is it that bitcoin is not accepted in most countries? Bitcoin is a decentralized currency. Meaning that no one controls. This is because of the Blockchain technology.
 

We can also say that right now it is hard for them to manage in their banks that is why they cannot adopt it. Some countries are trying to create their bank coins and I am sure after that they will not face any issue adopting it. 

[Ramsha Afzal 11]

On 1/8/2020 at 3:20 PM, sumit71428 said:

Every country has there own set of thinking and acceptance based on that they try to take decision and so do the country banning it thinks that it is a threat to there economy so it is banned there 

He said very well as every country has its own policy of accepting different currencies and if it does not accept any of the currency it is their own choice and decision that they take keeping in view their country's economy.

[Sajjad Hossain 375]

Bitcoin is not legalized in many countries of the world because not all countries are aware of Bitcoin because it does not have legality in all countries Bitcoin is taxed by the government and it is very popular with smugglers.  Prohibited, but it is widely known and popular in some countries in Africa and Europe.

[Abo3laa 813]

No country can take bitcoin as an official currency and formally accept payment because it's a digital encrypted currency made up of a decentralized system that no one can control. 
Also, when a country's bitcoin is officially accepted, it's a negative effect on the country's official currency and affects the domestic economy.

[Maham 3]

Each nation has there possess set of reasoning and acknowledgment dependent on that they attempt to take choice thus do the nation prohibiting it believes that it is a danger to there economy so it is restricted there

[Balimovic 7]

Bitcoin to some extent is like a virtual online transaction currency so therefore it will not be accepted all over the world

[babaji 1228]

Bitcoin is not legal in most countries, the basic reason is it cannot be taxed, Bitcoin was developed by Nakamato in such a way, that there is no way, government has penetrate itself and be a party to the transaction. Ofcourse it can done in other ways, but governments be the bully that they are, won't even consider it, and will just overlook it or ban it. 

[ProtivaAkondo 28]

Of course, each country has different monetary policies and rules that govern the country's finances, on the other hand, they are certainly concerned about whether the legalization of bitcoins will affect their country's economy.  Bitcoin is banned in some countries, it does not mean that it has no country.

[Dawood shk 18]

Each nation has there possess set of reasoning and acknowledgment dependent on that they attempt to take choice thus do the nation restricting it imagines that it is a risk to there economy so it is prohibited there

[Ovis25 135]

Some various countries accept the fact that asfer as their government can't control Bitcoin there will be no need to accept it in there country, that's what I think of it.

[Raouf99 73]

On 2/15/2020 at 4:47 PM, MD.Abdullah Al Mamun said:

If you see an Indian rupee note where the Govt is promised to pay the holder that amount, but Bitcoin never and it just the price was increasing.

Now it can be acceptable in every country, but it''s easy to use  for illegal purposes and the transaction cannot be tracked. For this sake most Govt s kept it on strict rules and some have banned.

 

Guys this bitcoin is mostly using Goethe illegal purposes and we cannot find the sender and receiver. So it is the main facts  that they ban this.

[TheHex 1]

Bitcoin is improve the financial system and its uses all over the world.  So that the some off countrys are not approve this      

[Kudi money 2]

This is on the basis that here are nations that anticipate that digital currency Is the coins for every criminal behavior so by this hypothesis they curl up consuming the exploitation of the cryptographic currency in here nations to postpone out of harm's way in my realm cryptographic forms of currency is criminal and a outsized portion of the population groups don't feel about crypto. digital currencies classified in numerous nations in elegant of the actuality that crypto not discernible or authority not control.
 

[Symphony 20]

Who cares if every government ban the use of cryptocurrency, there are many ways to buy and sell bitcoin, We have p2p exchange and decentralized exchange.

[Zezo 306]

There are countries that haven't heard of bitcoin yet. I think it depends on how well the country is developing and its economy

[guatazoo 7150]

2 hours ago, Sma7543 said:

I think it because it has increase the rate of cyber crime and money laundry in so many countries since it is Woking as a decentralised currency

Some decentralized coins have been proven to be not as ilegal free coins, but there are these privacy coins that are a threat.