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
Every country has their own rules and regulations, and it depends what the government thinks on cryptocurrencies. Indonesia banned Bitcoin and other cryptocurrencies because of 3 factors. The 3 main factors are there are reports that Bitcoin and other altcoins are used to fund terrorism in their country, the second one is it shows that there are reports that dirty money has been traded in exchange for Bitcoin and the last one are they cannot control anonymous trader, buyer or user of Bitcoin to pay taxes.