Post
Topic
Board Bitcoin Discussion
Re: Why bitcoin is not supported in some countries?
by
PauloLuks
on 16/04/2018, 21:03:28 UTC
Because they fear Bitcoin. One of the main reasons why governments fear Bitcoin is the problem of taxation. Governments survive on taxes being collected on profits and revenue made either by citizens or financial operations carried out within a nation. Given the anonymity of Bitcoin and cryptocurrencies, many transactions can be done tax-free which will lead to governments losing several millions of dollars.