Countries that banned bitcoins are:
1. China.
2. India.
3. Ecuador.
4. Korea.
5. Venezuela.
These governments banned bitcoins. They want to develop the national currency.
Topic: 5 countries that banned bitcoin - page 20. (Read 3401 times)
What about China, Rusia and India? Is not They are also banning bitcoin? Am I less uptodate about this news? Currently the government in my country has been telling people not to invest in bitcoin, which means the government is likely to be more assertive against the ban and the rules on it will be more assertive
THIS ARE COUNTRIES THAT HAVE BANNED BITCOIN
1Thailand
2Taiwan
3china
3Russia
4Germany
Russia? Nothing is banned. We wait for the law which will be approximately in the summer. But really I don't wait for the good news. 1Thailand
2Taiwan
3china
3Russia
4Germany
I know that countries that banned bitcoin are:
1. China.
2. India.
3. Russia.
4. Philipin.
5. Nepal.
These countries consider illegal bitcoin. They do not want bitcoin to affect the policy of economic development in the country.
1. China.
2. India.
3. Russia.
4. Philipin.
5. Nepal.
These countries consider illegal bitcoin. They do not want bitcoin to affect the policy of economic development in the country.
The term illegal is for few countries. most of them are not complying with it because they don't have regulations to deal with it ,once they establish a framework and a structure they will trade and use it.
Not only is this total sensationalism; those countries are irrelevant anyway! They probably don't even have the infrastructure to actually enforce it.
Bitcoin is the future, so why ban?
Some countries accept bitcoin as digital asset, while some banned bitcoin either for a central banking system, or for the national goverment act as one and the same in order to protect their own fiat currency. Countries that banned bitcoin are:
1Ice land
2China
3India
4Bolivia
5Ecuador
1Ice land
2China
3India
4Bolivia
5Ecuador
That relies upon purpose of perspectives of governments. In reality, no administration is taking right choices in constantly. Couldn't care less a lot about government choices. We didn't make bitcoins, we're getting focal points from something made by somebody super virtuoso. I don't figure nations should boycott bitcoin as a result of tax evasion. Each current advanced cash has their farthest point. They may have different reasons in forbidding bitcoin. I figure they haven't seen yet the advantages they can get with computerized monetary standards.
THIS ARE COUNTRIES THAT HAVE BANNED BITCOIN
1Thailand
2Taiwan
3china
3Russia
4Germany
1Thailand
2Taiwan
3china
3Russia
4Germany
But we often hear that in that country bitcoin users actually increased significantly, I think this is a unique thing because although bitcoin is banned but always makes everyone interested to use it.
maybe the bitcoin affects their country so they do not want bitcoin and ban in their country it might have affected their project leaving me why they do not want the bitcoin maybe some people scam in their country and believe that bitcoin scams even if not true.
More and more people and countries are opening their doors to bitcoin and the crypto market! I am sure that sooner or later it will fully enter our life! those countries where the ban is, these are fools! they do not understand what opportunity they refuse and how they start to lag behind the economy!
THIS ARE COUNTRIES THAT HAVE BANNED BITCOIN
1Thailand
2Taiwan
3china
3Russia
4Germany
1Thailand
2Taiwan
3china
3Russia
4Germany
But we often hear that in that country bitcoin users actually increased significantly, I think this is a unique thing because although bitcoin is banned but always makes everyone interested to use it.
They have other cause to ban bitcoin not for money laundering i think. Main reason is that they can not gain profit from it.
THIS ARE COUNTRIES THAT HAVE BANNED BITCOIN
1Thailand
2Taiwan
3china
3Russia
4Germany
1Thailand
2Taiwan
3china
3Russia
4Germany
COUNTRIES THAT BANNED BITCOIN
Before we start to our topic this I want to tell that some of you might know about this but I just wanna share this to those who are not.
Several people believe that bitcoin was a blessing and it was an opportunity
for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin's list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin.
Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can't stop the blockchain from propagating, but they can stop their people in having access to it.
STOP THE BITCOIN!!
Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That's the exact case in five countries:
1.Bangladesh
2.Bolivia
3.Ecuador
4.Kyrgyzstan
5.Nepal
It was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/
that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange.
Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia,
And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING".
this was already an old news for updated list
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
so what do you think? will your country will ban the use of bitcoin?
do you know other countries that ban the bitcoins?
Please share it and tell to everyone
These 5 nations are actually in fear of having their nation fiat currency fall. Another thing is they want everything to be under control. They dont want to have a third party currency to become a medium of transaction between to people. They prohibit the use of crypto currency, they dont realized this thing is actually the key to save their poverty.
The Countries That Banned Bitcoin are:
1. Australia
2. Germany
3. Indonesia
4. Hongkong
5. Japan
1. Australia
2. Germany
3. Indonesia
4. Hongkong
5. Japan
Despite all these prohibitions bitcoin protects itself and it keep rises but such prohibitions are temporary and absolutely the ban will take off
only more people know about bitcoin and there is a way to protect the bitcoin from cryminals, it can be free cryptos around the world. And many countries forbid ico and speculation, but they look forward to blockchain technology and develop it very quickly
for some reason this country prohibits bitcoin. Among them are Russia, Ecuador, Bangladesh, Colombia, Thailand, India, and many others. Meanwhile, China and South Korea were initially open to this concept, also issued a similar ban.
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