Why BTC is Banned?

[hobo66]

Bitcoin is decentralized block chain and all transaction has been dine by smart blockchain Government cannot control trader trading on such platform. Government has also a tax system for rich people which cannot be got if people use bitcoin as a trading
 This why bitcoin banned in almost all countries.

[Gubre]

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 does not hold a total anonymous service for the users but monero does therefore I don't believe such reason. I'm suspecting that this is happening because government of a country might be longing to get some bitcoin in a low price just for their own sake.

[Ghozrd]

-snip-

Bitcoin transactions can still be tracked, unless the user wants to do it by hiring a privacy service platform so that sending transactions are not tracked.
Bitcoin is not a privacy coin, so there is no reason to prohibit the circulation of Bitcoin as a transaction, because everything is transparent and exists on the blockchain.

[sampoerna]

That is an old song by the people to make fear of crypto or specifically Bitcoin. ANd this is now not working at all. any people around the world have involved in Bitcoin and many more governments and industries also believe and buy Bitcoin. So, don't fomo or fud

[alltalk]

well, actually some reasons may also influence the legality of Bitcoin in certain countries. They may also have diffilcut or complicated rules about currency and Bitcoin cannot be ruled. So, they ban Bitcoin.
However, in some countries, Bitcoin is not banned at all.
For example in my country Indonesia. Bitcoin and crypto are legal, but they are only as digital assets or commodities. For currency or payment? No, it is still illegal.

[dodok]

in countries that prohibit bitcoin, it has usually been invented if bitcoin is misused so that it has a negative impact in that country, usually bitcoin is used by state officials for money laundering because bitcoin cannot be detected, but if bitcoin is used for something  positive for sure that country is willing to accept bitcoin.

[Triedboy]

Most of the countries that are not using Bitcoin now are very poor. That is why the government will never be able to control Bitcoin. Suddenly, financial catastrophes can strike at any time. That's why poor countries are not instructed to use bitcoin.

[NANCY]

I also don't know why this BTC is banned but I have benefited a lot from reading this valuable post of yours and got a lot of ideas. I hope those who have members like me will get a lot of ideas. And if you read the posts of the senior brothers well, you can expect to get a lot of ideas.

[Criminal]

It would be helpful for us to understand what you mean by BTC ban if you could say it a little bit clearer.Then it would be helpful for us to understand that as much as I have an idea about Bitcoin, I can say that Bitcoin will never be a ban.You may want to discuss something else.But I hope you will modify your title.

[densus88]

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.

Yes, you are right. At several countries has blocked bitcoin with the reason, bitcoin is anonimity, cannot be tracked user and transaction. But They don't think this technology will be the future technology.

[Bolopecah]

Correct, Bitcoin still banned in some countries. And some country welcome it for reducing the unemployment rate. Bitcoin is fully decentralized and noone know who create it,  That's why some country still banned it.

[Crypto Banglu]

You're right Bitcoin is still illegal in many countries. And in my country this bitcoin is still illegal. I think Bitcoin is illegal in most countries because no one has any control over it. In particular, the government has no control over Bitcoin, so I don't think the government wants to legalize it.

[Crypto Guard]

Of course the main reason is because the country is afraid that Bitcoin is being misused for bad transactions. And indeed the value of this Bicoin is very volatile, so it is assessed as something that has such a big risk.

[Bitstar_coin]

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.

Anonymity is one of the major reason follow by decentralisation, the crypto space is decentralise and can't be control by an individual or group, it is open source which means anyone is free to take a peak, government like to be in control and crypto negate everything the government stand for, that's why it is very hard for them to accept crypto.