Topic: 5 countries that banned bitcoin - page 29. (Read 3401 times)

Those who banned it will reopen it with a twist of how they can taxed it. They just knew how crypto will give loss on their countries income that's why they need to pause it for now.

Simply because  they think that  bitcoin is  illegal. First, Fear  of  having anonymous transaction that is not issued  by the government is  consider  illegal. Secondly, some of  the  country  is  making their  own electronic  system of money. thirdly, Banks  is one of the reasons  why they  banned bitcoin.

Now China and India also ban BTC!

These two countries are the most populous countries in the world, and also many countries with BTC users!

I think in the future, when BTC can be effectively regulated, China and India will declare the BTC legal!

I think its better to ban them because in recent days the btcs faced numerous accusition issue and so we cant deny the fact that bitcs are real threat

These 5 countries really don't matter in the big picture of cryptocoins. As long as cryptocoins are not completely banned by south korea, japan, china, the US and europe, there is no long term problem ahead.

it is true that bitcoin is vulnerable to crime because it has no legal foundation governing its transactions, as experienced by bangladesh. 5 countries that banned the BTC may also be one cause of the fall in BTC prices

It seems to me that this will not last long. Crypto currency including bitcoin is the future of the world. These countries will not be able to resist forever!

government are not worried about their people they are worried about losing their money on fiats by decentralization taxations LOL

immediately clear which countries corruption is rampant! I understand why they do that! to people were slaves, to manage them! it is more important than your life! they don't care about people. they want people to keep quiet, work for a couple of dollars a month. and not resented. but why such people are at the head if they don't care about people?

I don't see any affect of this news. 5 contries banned doesn't have any mind in cyptomarket.  

In the long run altcoins will not be banned but maybe regulated to a degree. THere is just to much money and taxes to be made from altcoins to outright ban the whole thing. And we all know that people do not stop using stuff just because it is illegal 

Actually, no government has still taken any decision right know, except a few like China, Japan, Germany. Most of the countries are silent on this issue. Yes, they are holding negative views about this crypto coin but have not banned it yet. So chill, don’t worry much about governments and enjoy its advantages.

Although the five countries banned Bitcoin, the number of people involved in Bitcoin acquisition and investment has increased rapidly. Bitcoin is becoming increasingly popular among people in many different countries. It is difficult to refuse a form of potential currency trading such as Bitcoin. Bitcoin, the Cryptocurrency market can only provide legal framework to facilitate the management of the Government and the imposition of taxes, but can not be completely prohibited. By Bitcoin, the Cryptocurrency market is an indispensable development trend.

although 5 countries have banned bitcoin but the country is not the largest bitcoin user in the world, we can see if the country is japanese, korea and china will definitely make world cryptocurrency in the world become chaotic and unstable price. so I think that's not a big deal and bitcoin will still continue to have popularity and good potential in the future.

In the world there will be fewer and fewer countries that prohibit the crypto market! I declare that soon all countries will open the doors to the crypto market and bitcoin! large wallets do not want to change the world, they are satisfied with the way it is now! but I'm sure that soon everything will change and we are moving in the right direction!

1. Bangladesh
The country which forbids the first bitcoin of Bangladesh. Bangladesh began to ban bitcoin used in the country since September 22, 2014 on the grounds that bitcoin could potentially become a place of state officials doing money laundering.

2. Indonesia
Afraid of bticoin bubble that can make bitcoin exchange rates rise and fall drastically in a short time, starting in 2018 the Indonesian government banned the use of bitcoin for all digital transactions in Indonesia.

3. Bolivia
Since June 19, 2014, the country located in South America is starting to ban the bitcoin circulating in the country. The central bank of Bolivia says that using an unpublished currency and issued by the state is one of the illegal acts.

4. China
China is also the next country to ban transactions using bitcoins. The ban comes into force on January 8, 2017. China is the largest market for bitcoin circulation. The government prohibits banking institutions and employees to do bitcoin business with or without through banking and is prohibited to serve bitcoin industry business. Bitcoin in Chine is legalized only for ordinary citizens.

5. Ecuador
Ecuador also reasoned that it would issue its own digital currency that could be more controlled by official financial institutions owned by the government. This reason makes bitcoin banned in this country bordering on Columbia since March 24, 2015.

6. Iceland
March 19, 2014 bans on Iceland's bitcoin begins to take effect on the grounds that bitcoin does not comply with the applicable laws in Iceland. Iceland does not expressly forbid bitcoin, but calls it "nebulous designation" which implicitly does not want bitcoin to be used in transactions in Iceland.

Those countries have their reasons for banning bitcoin. But we are clear here, there are still many other countries that allow bitcoin and we should spread the good issues of bitcoin. Hopefully, Bitcoin will be accepted in more countries. Even some countries have banned it, it doesn't mean kill the bitcoin. We should respect their decision to ban bitcoin. and we should spread the good issues of this digital currency.

Absolute rubbish! Singapore was one of the first Asian nations to legalize Bitcoin, and the crypto-currency is still legal there. And South Korea remains as one of the major markets for Bitcoin. There is no ban on Bitcoin or any other crypto-currency there.

if the developing countries dont accept btcs circulation then it really would be tough for btcs to progress further in global economy its true

yes bitcoin is still a new thing in some countries, there are still many pro and contra. all countries that have a high level of corruption like in mine fear the use of bitcoin as money laundering. will certainly be difficult to track and the state will not take risks, besides bitcoin is considered still not have a strong legal body. so this is too risky and they do not want it.