Bitcoin is not legalized in some countries for several reasons, mainly due to concern over financial stability, government control and regulatory issues.
What are the reasons why some government had banned or restricted Bitcoins??
Even though the governments of many countries have not legalized Bitcoin, the people of those countries are using Bitcoin as per their convenience. The governments also know that they will not be able to control the use of Bitcoin, which is why they have decided to ban it by making only restrictions or laws. But it is not possible to reduce the number of Bitcoin users by making laws, rather the number of Bitcoin users is increasing. Even though the governments know about this, they are not able to show much activity. Because Bitcoin has created acceptance not only in its country but also worldwide.
Some countries have already reduce their restriction on the use of Bitcoin, while some are thinking about how to adopt Bitcoin in their countries. I think that the governments are only restricting Bitcoin now to avoid their responsibilities. However, it is certain that they must allow the use of Bitcoin in the future. The governments of countries that are wise and try to keep their own countries ahead of technological developments will definitely accept Bitcoin. They will plan and take the right decisions on how to adopt Bitcoin.
Banning and prohibitions on which i can say that its utterly useless on which this is the beauty on dealing up with crypto is that as long you do have the internet then you would definitely be having that access into it on which this is why government wont really be able to completely be able to block it. They might be able to restrict when it comes to exchange users but if we do speak about on dealing or using it up literally? then there's no way that you can be able to stop people to make investment or engagement into crypto and this is why decentralization do really rocks on which there's no way that they could stop you if ever you do make out such dealing up with it. Why Bitcoin isnt legalized on some countries? We do know that regulation and laws will really be that different into each country on which some will be seeing this to be a good thing but majority of them are really that negative but in todays years on which we are seeing that a little bit obvious shift from negative to positive on which its evident on whats the current situation or events that we are seeing into this space. So it does means that recognition and adoption is really that indeed moving and keeps on growing as years passing by on which this is really that a good news for us Bitcoin or crypto supporters or investors.