Topic: 5 countries that banned bitcoin - page 17. (Read 3393 times)
I hope enough that's just the countries that forbid Bitcoin, and do not grow anymore. because if more and more countries are banning Bitcoin, it will slowly grow Bitcoin. and then Bitcoin will be at the height of its glory, so that countries that once banned Bitcoin will regret their decision.
Those 5 countries has banned because they want to protect cryptocurrency to avoid money laundering and illegal activities that won't help to gain more investor. So they do these things because they want to avoid these problem. I hope that in the philipiines won't be ban like what happens on those five countries.
eventually they will realise their error and reverse their decisions.they are really ignorant
Some countrys like
1.Colombia
2.Ecuador
3.Russia
4.Bangladesh
5.Singapore
has banned the bitcoin in their country to protect some. the reason of those are.worry of cryptocurrency
fraud,avoid money laundering,can be used for crime and high risk for investors, Bitcoin is used for illegal activities.
For all those the listed country inculding some others has banned to avoid all those problem.but it should be a good thing if they also do this and be positive about bitcoin.
1.Colombia
2.Ecuador
3.Russia
4.Bangladesh
5.Singapore
has banned the bitcoin in their country to protect some. the reason of those are.worry of cryptocurrency
fraud,avoid money laundering,can be used for crime and high risk for investors, Bitcoin is used for illegal activities.
For all those the listed country inculding some others has banned to avoid all those problem.but it should be a good thing if they also do this and be positive about bitcoin.
I think they dont know the future value and reach of bitcoin
Although several regulatory agencies issued warnings to investors about the serious risks associated with digital currencies, bitcoins are largely unregulated. Many regulators agree that bitcoin laws are necessary to protect investors from serious risk. However, federal authorities are split on whether to regulate bitcoins as a currency or an asset.
In general, Japan, Singapore, Britain and Australia are relatively friendly to bitcoin. The situation in the United States is more complex, with different attitudes in different states. But the mainstream is regulation; Russia and Thailand have experienced a strict ban on gradual relaxation. Regulation is under way in South Korea.
Also right this few countries already banned bitcoin.i think their problems government and banks.think is know their countries no have huge knowledge about crypto currency for this countries government.but we are know bitcoin popularity increases day up so hope will accept this few countries.
why is it they band bitcoin? grrrrrr...... Bitcoin is life, easy to earn and easy to work. They always think for the bad side of bitcoin, they are not thinking on the good side. tsss That's Life =D.
To protect and avoid some problems some country banned bitcoin in their country.
5 counties that banned bitcoin:
1.Banglades
2.Ecuador
3.Singapore
4.Russia
5.Colombia etc.
Arising constraints between financial companies,
the last high risk natural bubble
worry of cryptocurrency fraud,
avoid money laundering,
can be used for crime and high risk for investors
5 counties that banned bitcoin:
1.Banglades
2.Ecuador
3.Singapore
4.Russia
5.Colombia etc.
Arising constraints between financial companies,
the last high risk natural bubble
worry of cryptocurrency fraud,
avoid money laundering,
can be used for crime and high risk for investors
1. Thailand, since July 30, 2013. Bitcoin is not a currency
2. Morocco, since November 2017
3. South Korea, since December 13, 2017. Reason: to control its finances
4. Singapore, since 29 September 2017. Reason: arising constraints between financial companies
5. Nepal, since 2017.these are 5 list of countries that resist bitcoin
2. Morocco, since November 2017
3. South Korea, since December 13, 2017. Reason: to control its finances
4. Singapore, since 29 September 2017. Reason: arising constraints between financial companies
5. Nepal, since 2017.these are 5 list of countries that resist bitcoin
In December 2016, the Vietnamese government announced that it would consolidate encryption rules because its current provisions "do not correspond to the current state of things» 
Let's start with Nepal. Recently, the financial regulator of the country Nepal Rastra Bank completely banned any operations with cryptocurrencies, seeing them as a threat to its economy. The authorities reinforced their decision with the arrest of a dozen people allegedly involved in the management of crypto-exchanges in Nepal.
Nepal is among the countries that forbid bitcoin because it threatens the economy I wonder why it can make the ban ,the economy is the need of every country but bitcoin cannot destroy the economy that is often discussed by the government of the country It makes no sense to me?
Ecuador has outlawed bitcoin — but not because the authorities were against the idea of cryptocurrencies. Deto is that they wanted to fully control bitcoin and bind its rate to the us dollar, which, incidentally, is officially a local currency. This idea failed, and Ecuador went even further and created a national cryptocurrency, of course, fully controlled by the authorities.
Let's start with Nepal. Recently, the financial regulator of the country Nepal Rastra Bank completely banned any operations with cryptocurrencies, seeing them as a threat to its economy. The authorities reinforced their decision with the arrest of a dozen people allegedly involved in the management of crypto-exchanges in Nepal.
Пытaтьcя зaпpeтить биткoин – тaк жe бeccмыcлeннo и нeвыпoлнимo, кaк зaпpeтить интepнeт. Teм нe мeнee, имeннo этo пытaютcя cдeлaть пять cтpaн: Бaнглaдeш, Бoливия, Эквaдop, Heпaл и Киpгизия.
Taк, пpaвитeльcтвo Heпaлa зaключилo в тюpьмy пoчти дюжинy пpивepжeнцeв биткoинa, пpичeм пocлeдниe двa «пpecтyпникa» oбвиняютcя тoлькo в yпpaвлeнии нeбoльшoй кpиптoвaлютнoй биpжeй.
Caмaя цeнтpaльнaя cтpaнa южнoaмepикaнcкoгo кoнтинeнтa, Бoливия, вocпpинялa дeцeнтpaлизoвaннyю вaлютy в штыки – в 2014 гoдy Цeнтpaльный бaнк Бoливии зaпpeтил биткoин, a пpaвитeльcтвo c тex пop peзкo пpeceкaeт любыe cлyчaи eгo иcпoльзoвaния.
Taк, пpaвитeльcтвo Heпaлa зaключилo в тюpьмy пoчти дюжинy пpивepжeнцeв биткoинa, пpичeм пocлeдниe двa «пpecтyпникa» oбвиняютcя тoлькo в yпpaвлeнии нeбoльшoй кpиптoвaлютнoй биpжeй.
Caмaя цeнтpaльнaя cтpaнa южнoaмepикaнcкoгo кoнтинeнтa, Бoливия, вocпpинялa дeцeнтpaлизoвaннyю вaлютy в штыки – в 2014 гoдy Цeнтpaльный бaнк Бoливии зaпpeтил биткoин, a пpaвитeльcтвo c тex пop peзкo пpeceкaeт любыe cлyчaи eгo иcпoльзoвaния.
I live in Ukraine. We now have on the agenda the introduction of cryptocurrency and the use of blockchain technology.I am very happy about that.I hope other countries will develop in this direction.It is foolish to prohibit and even more to put in prison for the use of cryptocurrency
Countries keep banning bitcoin but what I want to know is what measures are kept in place to ensure that one uses or owns bitcoin. Do the these bans actually work or there are just used to declare a countries displeasure towards bitcoin. I ask because if my country for instance bans bitcoin, I can still keep and use my bitcoin without anyone knowing. How do they enforce these bans?
Thailand banned since 29 July 2013
Russia banned since February 2014
Vietnam prohibited since February 28, 2014
Ecuador prohibited since March 2015
Bangladesh banned since September 2014
Kyrgystan banned since July 2014
Nigeria prohibited since January 17, 2017
Nepal banned since August 2017
Morocco banned since November 2017
Germany banned since January 2018
news per January 2018 may still increase or decrease depending on the perspective and needs of the government.
Russia banned since February 2014
Vietnam prohibited since February 28, 2014
Ecuador prohibited since March 2015
Bangladesh banned since September 2014
Kyrgystan banned since July 2014
Nigeria prohibited since January 17, 2017
Nepal banned since August 2017
Morocco banned since November 2017
Germany banned since January 2018
news per January 2018 may still increase or decrease depending on the perspective and needs of the government.
Hmm, it seems kinda strange that China blocked Bitcoin because this country is one of leading powers in the world now. But I do think that as time goes by chinese officials will change their decision. Bitcoin and cryptos, blockchain - it`s our reality, it`s present time, it`s an opportunity that shouldn`t be ignored. At leasr it should be given a chance. 
Jump to: