Most countries don’t see bitcoin as a competitor or a threat but take some security measures regarding how secure could be; for example, United States consider bitcoin not a coin but a commodity according to the IRS but in a report in recent years showed that only a small amount of people declare they have bitcoins and they treated as criminals.

The problem with these countries is that most of them have a monetary policy that guide them and they’re the only authority established by the State to create money.; that’s why the United States in a Congress Report suggested to consider them as a commodity (due the price fluctuation) and not a currency.

Lots of people are using bitcoin in order to find some financial help to save their assets. For example, in Venezuela bitcoin’s demand is big because their currency is dead, it’s useless to save something with the Venezuelan bolivar and too difficult to find dollars (USD) so they use bitcoin in order to save the money and hope to gain some value. It’s affecting in a small scale to the economy and the State is prosecuting those who use bitcoin. No joke. They detained two engineers for mining.