Why not all countries accept bitcoin

[andrehol 16294]

In poor countries with a low standard of living and underdeveloped legislation, the ban is often caused by mass frauds and scams indirectly associated with cryptocurrencies. Another reason is mining (a large consumption of electricity associated with it). Poor countries and without mining are experiencing a shortage of electricity.

[Hanuman 253]

Every country have different intention about BTC.such country are banned BTC from there country.

I think there will be made loss through BTC.

 

 

[Bruno52 1141]

Some governments don't allow bitcoin to be used in their countries because bitcoin might reduce the use of their own country's currency which might badly affect the country's economy. 

[Emaly Johansson 4]

I think it is many countries Government's own reason and i do not know their reasons why they do not allow bitcoin in their country. Have the right reason to make this decission.  

[malik6314193 5449]

I don't know much about that but i think these government can not control these crypto currencies so hence they did not allow it in their countries. 

[Luciferludz 1442]

For every country in this world they need to their best to make sure their country economy are growing, so that they cannot accept bitcoin if they think it can give them bankrupt

[Leerobert 307]

Because of legal problems and the law they can not accept that alone. And partly because it is for the good of the country later. As a matter of regulation, terrorism and inflation rates are the main reasons they have not been able to accept Crypto currency.

[jamesvince 2389]

You said well still not all countries accepting this market as legal tender mean legal market. But some big country like india few days ago accepted Crypto market as legal tender market. 

[jekich.chan 1439]

Now many countries simply do not understand what cryptocurrency is and how it can help countries improve the situation in the country and strengthen the country's economy. I think that soon it will be legalized everywhere and there will be taxes on income from cryptocurrency.

[magd 5231]

Hello my friend, The explanation of this matter is rather complicated, but it can be summarized that some countries reject Bitcoin because they consider this currency a way to eliminate the national currency, while others reject it because it is an intangible thing and political differences are the main factor in this

[Lover840 0]

Hello my dear friend. In my opinion there is the reason behind this is that government don't want to adopt crypto currency because they won't be able to control it like fiat currency. 

[Jessica Karren 1242]

Because of the lack of trust of governments on this technology, decentralized nature of this technology and there is not any specific laws about the use of this technology.

[Babubu609 0]

On 1/8/2020 at 11:41 AM, Adiegumabao said:

Yes, the development of crypto did increase for just a couple of years and still it is increasing. I don't really know if it's really illegal. All I know is that most countries are just not fond of crypto and that's it.

the gradual advent of cryptography will have an effect on the reality that all nations will help cryptocurrency

[Maroua 1159]

They don't except the cryptocurrency, because it's not common to this countries, they use normal currency, and used to it it is difficult to give them another choice.

[Prince90 668]

Well not only bitcoin i want all the countries to accept the crypto currency. The main reason behind countries reject bitcoin because of its decentralized nature , governments wants full control over currency but crypto cannot be control by a third party. 

[MrGox 880]

l can not say what is the reason not accepting BTC, more than that some of them has banned BTC. But it seems they don't want people to use BTC or new technology. That means BTC give people some freedom. But it is so bad for governments, they want to depend from people on them. 

[George10 9932]

The reason why some countries doesn't accept bitcoin it's because they can't control them like they do to Fiat funds and they fear it can affect the economy that's my opinion thanks.

[khan188 536]

Well, Those countries which are really worried about the Money laudering will not easily accept the BTC or any other cryptocurrencies. They will starts to accept when there is some strong laws been created for Cryptos. 

[championboy 8]

I think,each nation has there claim set of reasoning and acknowledgment dependent on that they attempt to take choice thus do the nation forbidding it imagines that it is a danger to there economy.

[makqwer 5]

Simply because of the decentralization and monument processes expected in these countries as culture becomes global

[iloveyobit 6599]

Because at the present time Bitcoin or digital currencies are not codified and are simply manipulated by market makers, the entry of the major countries in this race is inevitably a loss.

[Brand1 1336]

There are some countries that prohibit the use of bitcoin coin for fear that some people use this currency for illegal matters because there are websites inside the dark internet that give you the purchase of all contraband, such as drugs and weapons

[SuperCrypto 7193]

Because it does not control Bitcoin transactions, through Bitcoin, the transactions do not include a third party or any financial institution. Therefore, there are very few fees for transactions.

[Treat1234 0]

Many countries have been looking at the negatives sides of cryptocurrency, they are not willing to change anything towards cryptocurrency, and this has make a good changes to most of the countries that's re using cryptocurrency

Many countries have been looking at the negatives sides of cryptocurrency, they are not willing to change anything towards cryptocurrency, and this has make a good changes to most of the countries that's re using cryptocurrency

[MrGox 880]

They think that, it will not be good accepting BTC. But in my opinion it will be changed, there will not be any countries, which will not accept BTC.