I have heard that bitcoin is not supported in some countries. But why ? Is it because bitcoin is risky ? Some countries even declare 6 months jail if her people use bitcoin. Is it fair ? I mined few cryptos and have left mining. It was fun and challenging too. But I never got any clear answer. What does my gpu actually do ? I pay electric bill, my room temperature goes high and I get paid. With actually no skill on pc hardware and software. Whole thing is still pretty unclear to me
because there are different rules and regulation in every countries. they have the cyber law and they can even blocked any sites they want because authorities can hold everything in their countries if they want. example is in china and in north korea.
Precisely, there are different rules on every each country and yet everyone of us have different perception about bitcoin.
I think the reason why the bitcoin is prohibited in their country is because they though that the bitcoin is used by criminals because it is anonymous.
That is the common reason of the countries that banned bitcoin because they can't deal with the anonymity of bitcoin and they thinks that it is a bad idea for them because only the criminals will take benefit of that. But they didn't know that they can control those illegal transactions by having blockchain technology in their country because they can monitor the transaction thru that.