why bitcoin NOT accepted in some countries?
whether bitcoin could threaten paypal , mastercard etc.
Paypal isn't a bank, but its currency has a set value based on the current nation's currency valuation.
Bitcoin is entirely theoretical, its value based only on the value users assign to it.
Some countries ban it as a speculative investment or gambling.
Others ban it because it doesn't have a set value / exchange rate.
You can still get Bitcoin in those nations, and you see it in Greece and Argentina to try to get around currency controls. And those nations don't like it, if not ban it, because they need currency controls to slow down their inflationary cycle.
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