- Bitcoin is banned only if countries which are weak and insignificant from the global point of view economy or either afraid that their own national currency is too weak to compete with cryptocurrency (Bolivia, Bangladesh). Or they banned BTC based on totally idiotic claims and fake prejudice (Bangladesh). Some countries (Thailand) actually start to change their approach towards BTC -
http://www.coindesk.com/bank-thailand-says-bitcoin-illegal-warns-use/I count all those countries as short minded and I totally agree with your words about simple fear of all of them. I think bitcoin is so much progressive that in sooner time all the world will show it's reaction on it. Some countries will regulate it, some will stay as a free zone and some poor and weak countries will ban it. This process has began already. I am waiting what kind of way my country, Russia, will chose.