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
As you all know, Bitcoin is not legalized in many countries and because of this it is carries very high amount of risk to allow their citizens to carry the Bitcoin transactions or you can say it is very danger to use Bitcoin mode of payment for goods and service. There are chances that country's digital banking system may get hacked or its database can be stolen as it is not under any regulations.Therefore, before Governing the cryptocurrency, many acts would need to be updated to reflect this new way of carrying transactions and involve making unique judgement as to how it should be organized. But i hope since bitcoins value is increasing day by day,this will not take much time to be legalized all over the world.
