It doesn't seem to be prohibiting. But limiting the circulation of bitcoin so that they can still control the finances, they do not want all in financial terms to move freely and openly. Here they of course have a secret for them to keep and can not be published.
Yes thats the basic thing that everyone needs to understand.
But guess what? El salvador now accepting Bitcoins.
Someone has started and i am sure rest gonna follow for sure.
The main reason for which countries consider Bitcoins as illegal due to its decentralised nature.
But i am sure in future, people will force the government to make the coin legalised.
Why many countries choose to reject Bitcoin, because Bitcoin is decentralized and it is not liked by any country's government. Moreover, the volatile
Bitcoin price is also the reason why many countries do not accept Bitcoin as a legal tender. Fortunately there is El Salvador which is quite surprising
to many people, because it is very brave to legalize Bitcoin as a legal tender. Indeed, sometimes there needs to be a country that dares to start first,
and the government of El Salvador has the courage to make the decision to accept Bitcoin. If the government of El Salvador can demonstrate
the positive effects of its decisions, I believe many countries will follow in El Salvador's footsteps.