Quote from: marine4u on October 15, 2018, 09:02:40 PM

Quote from: btcrut2017 on October 07, 2018, 02:36:34 AM

Quote from: kenlyresuello08 on August 21, 2018, 06:13:27 AM

The main reason for prohibitions is very simple. Transfers in a currency different from the national one, lead to poor economic performance, including GDP (one of the main indicators). This way, it is easier to launder money or transfer funds outside the country. Neither banks nor payment processors will get their interest.
McCall Robinson a manager of Merchant Accounts, believes that most countries prohibit Bitcoin because it cannot be regulated and he said that. "Many governments do not like the very idea that there is another form of currency that they are not able to control. The supervision takes place on the Internet. Some countries consider it as danger to their society and government.

Some countries considered bitcoin as danger to people because they don't want to lose as what others emphasized. Sometimes fake news, scammers and hackers are making it worst. But if you go down into the details you will find bitcoin an amazing technology.

Many nationalities believe that Bitcoin and cryptocurrency directly affect their financial management systems, so they have consistently prevented cryptocurrency from growing. In the future, I believe that things will improve as the nations truly understand the benefits that crypto and blockchain technology bring to life.

I agree some countries are banning Crypto because they think that it will be a threat for their economy which is not practically the reason but they are scared of the most legalities and more solutions that they cannot control their hidden agenda, Some countries government are not likely a good one when it comes to giving their people the right to choose in handling their money.