I think the reason why countries are banning bitcoins is because governments don't know what to do with bitcoins yet. They do not have full control on it. So they will be banning bitcoins first and then just lift the ban once they regulate bitcoins or something. That's how I think South Korea addressed the problem with cryptocurrencies.

I think the reason why countries are banning bitcoins is because governments don't know what to do with bitcoins yet. They do not have full control on it. So they will be banning bitcoins first and then just lift the ban once they regulate bitcoins or something. That's how I think South Korea addressed the problem with cryptocurrencies.