Quote from: Indai24 on December 12, 2018, 04:52:44 AM

Quote from: andriarto on December 12, 2018, 03:57:56 AM

Quote from: Wingo on December 11, 2018, 09:00:44 PM

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.

The government is the number one enemy of cryptocurrencies. The main goal of cryptocurrencies is to offer freedom to the people. Cryptocurrencies is the most effective way to transact with complete anonymity. It is sometimes misused for illegal transactions. Bitcoin is used in the blackmarket for drugs and other illicit product, another reason why the government wants to regulate it. But the things is, cryptocurrencies cannot be controlled, it will defy its main purpose.

all new things must pass through government, because we live in a country. and I think government is not an enemy, even though it inhibits the development of bitcoin

One of the reasons why other countries ban crypto currencies is to prevent fraud from happening, because mostly transactions are from anonunymous unlike banks.

Yes there are many reasons why governments across the glob have banned the currency. Government will ban every thing that poses a threat to the interest of the nation so is the reason why is Bitcoin banned and not allowed to be used.