Why do you think the bitcoins is constantly banned in some countries?

[Xtynehappy]

As far as the crypto currency is concerned, some countries tend to ban the activities and the usage of the crypto currency. What do you think?

 

[magnus2022]

Cryptocurrency is still confusing to a lot of economists. Normally, humans tends to resist change and i strongly believe that is the problem. Secondly, every country want to control and monopolize currency because that is where they drive the economic power of government.

 

[eLdavis]

There are a lot of people who are not ready to accept what they do not fully understand, and most importantly what they cannot fully control.

 

[King Belieal]

I don't how it is but most crypto exchange platforms fail to register as a business in the countries they operate. I think that's the root of the problems that they face which leads to the crypto world having a running battle with governments.

 

[Suba]

Each country will have different reasons for banning cryptocurrency, but in general they have the same reasons as the government has the right and responsibility to maintain the existence of fiat money circulating in its country, no one regulates and controls crypto, it is feared that crypto is just money laundering. and terrorist financing.