Why BTC is Banned?

[msz900]

As there are a lot of reasons for the BTC banned in most of the world countries but the main reason is Anonymity which for crypto users is considered an advantage and that's why they use it. Government can't be able to track/trace the crypto users and their transactions and that's why they are not allowing it to be used as legal.

[Bobcrypto]

As there are a lot of reasons for the BTC banned in most of the world countries but the main reason is Anonymity which for crypto users is considered an advantage and that's why they use it. Government can't be able to track/trace the crypto users and their transactions and that's why they are not allowing it to be used as legal.

Hi friend, kindly modify the title of your post, because it gives the community a better mode to discusse on the topic. However, I have not seen a serious reason(s) why certain countries has to ban btc, other than, some of these countries fear btc may take over their fiat currencies and obviously, BTC is completely decentralized, no one controls it.

[Gurujebs]

The ban has nothing to do with just the government hate, bitcoin is having this pseudonyms feature that enables users to have a hidden identity. Now, most of the user in the dark world exploit this feature for negative bad things on innocent people like kidnapping, theft and scams.
2018 bull run open wave for scammers in crypto communities, hence government has to take control of things in order to safeguard their people interest that's why some countries has to ban bitcoin assets.

[Freemind]

Bitcoin is banned in some countries for the simple reason that their governments view Bitcoin as a threat to their power. If a government controls the banks, the banks control the cash, the ATMs, they know where each bank transfer goes, it is a way of controlling the population, money, it is also the oldest form of control, along with fear. Bitcoin would take away all that power quickly. Bitcoin and crypto remove those forms of control, which is why some governments are against Bitcoin and ban it.

[Pheonyx]

I believe it is not just about being anonymous because if that what we are trying to point out here there is more better than bitcoin and that is monero as far as anonymous is concerned. I think government don't like the fact that bitcoin will overruled them in the near future.

[lepbagong]

The ban has nothing to do with just the government hate, bitcoin is having this pseudonyms feature that enables users to have a hidden identity. Now, most of the user in the dark world exploit this feature for negative bad things on innocent people like kidnapping, theft and scams.
2018 bull run open wave for scammers in crypto communities, hence government has to take control of things in order to safeguard their people interest that's why some countries has to ban bitcoin assets.

Bitcoin is indeed made in such a way as to protect its performance and those who have, on the one hand, benefit and on the other hand, it is difficult to control. but all will be able to find solutions and rules if the government is willing to adopt bitcoin.
the problem is that many do not accept bitcoin as a legitimate medium of exchange but do not prohibit it as a trade.

it is alleged that bitcoin will be used as money laundering from drugs and corruption is known by many countries and they have anticipated that they can control it with rules and regulations that are made in such a way and there will be no problems in the future.

[Confero]

As there are a lot of reasons for the BTC banned in most of the world countries but the main reason is Anonymity which for crypto users is considered an advantage and that's why they use it. Government can't be able to track/trace the crypto users and their transactions and that's why they are not allowing it to be used as legal.

Bitcoin cannot be controlled because Bitcoin is decentralized, Bitcoin is very vulnerable to being used for money laundering.  This is the main reason why Bitcoin is banned, because all activities in Bitcoin cannot be controlled.

[LUCKMCFLY]

It is well known that bitcoin belongs to a totally different economy from the traditional one, this through the facilities goes against everything that governments and banks want, particularly this for me is the main reason.

[Altcoin1998$]

As there are a lot of reasons for the BTC banned in most of the world countries but the main reason is Anonymity which for crypto users is considered an advantage and that's why they use it. Government can't be able to track/trace the crypto users and their transactions and that's why they are not allowing it to be used as legal.

Some counties governments don't control bitcoin at all. About 69 countries permitted bitcoin as legal but some developing and poor countries are opposed opposition against bitcoin.

[Altcoin1998$]

As there are a lot of reasons for the BTC banned in most of the world countries but the main reason is Anonymity which for crypto users is considered an advantage and that's why they use it. Government can't be able to track/trace the crypto users and their transactions and that's why they are not allowing it to be used as legal.

Your topic already opposed the bitcoin development ,term and conditions. You can change your topic headline. Neither we will 🔐 lock your topic.

[Fadhilz123]

Bitcoin is not been banned actually. Bitcoin only banned in specific countries for some reasons of course, but this is not the problem because still, so many counties accept it. Every county has its constitutional regulations, so always follow it and don't break it

[Max Way]

As there are a lot of reasons for the BTC banned in most of the world countries but the main reason is Anonymity which for crypto users is considered an advantage and that's why they use it. Government can't be able to track/trace the crypto users and their transactions and that's why they are not allowing it to be used as legal.

What is clear is that BTC transactions cannot be controlled by anyone, except by Buyers & Sellers, which is clear if applied in a country automatically allows the currency itself to be shifted, because as we know BTC transactions are faster and easier and have a wider range.

[Prime]

Many governments still don't want to compete with Bitcoin for digital assets. Also, I suspect the governments doubt if Bitcoin can be a real digital currency globally. That's why many governments didn't want to allow Bitcoin and hate Bitcoin because it can have many supporters rightnow.

[arnold dudicove]

As there are a lot of reasons for the BTC banned in most of the world countries but the main reason is Anonymity which for crypto users is considered an advantage and that's why they use it. Government can't be able to track/trace the crypto users and their transactions and that's why they are not allowing it to be used as legal.

You come up with a terrifying headline that makes people startled and then curious ...
The question of not receiving bitcoin in several countries, of course, has a background and a reason for each. Including concerns about the potential that could disrupt conventional finance and so on ...

[Dora Walletinvestor]

Bitcoin is not banned in many places, actually, it's only banned in a handful of countries. Many goverments don't like the idea of Bitcoin, that's true. But in many places it is not really banned, just not outright embraced.