why some country banned bitcoin?
is there any problem? i know that bitcoin is international crypto currency. but why some country banned this cryto?
Some countries banned bitcoin and other cryptocurrencies because first of all bitcoin and other cryptocurrencies doesnt give you taxes so that it is not good to government so they ban it.
That is definitely one of the reasons why some countries banned bitcoin. And perhaps because Bitcoin is a decentralized mode of payment transaction, they must be afraid that aside from them receiving nothing in return, the banks that are the ones backing up governments will become useless in the future. That is a normal reaction from something that is threatening their entire system. More so because the people are beginning to show strong support for bitcoin instead of banks.