Topic: 5 countries that banned bitcoin - page 36. (Read 3393 times)
Well I was excepting the traditionnal rumours on China and Russia but instead found something else, rather... funny. This is not to be offensive, but those five countries are everything but of a big weight in world economy, so this is not big news.
Well and will think, all takes place now not officially. Much that is forbidden now. But all on it however!!!
Although the article is old but for me as a newbie it adds a lot of insight but with it I do not care, "the important thing is my investment smoothly and no obstacles" in my country also a lot of rumors about bitcoin ban but until now nothing is blocking about bitcoin, If in your country is still in a weak condition and there are no obstacles you do not panic.
I think they dont know the future value and reach of bitcoin thats'y they are opposing it 
There is some news spreading that bitcoin is banned in so many countries but without reliable sources. Those countries who banned bitcoin has lots of reasons for sure, but for me, the government of a certain country should at least know that there is a limit for the block chain. Here in our country, I think bitcoin is accepted for only few establishments and stores and just like the others, I hope it won't be banned here.
here are the countries that prohibit the circulation of BITCOIN and the reason: 1.Colombia, Reason: worry of cryptocurrency fraud
2.Bangladesh, Reason: avoid money laundering
3.Vietnam, the reason: can be used for crime and high risk for investors
4. Russia, Reason: Bitcoin is used for illegal activities
5. South Korea, Reason: controlling its finances
6. Singapore, Reason: arising constraints between financial companies, the last
7. Indonesia, Reason: High risk natural bubble
2.Bangladesh, Reason: avoid money laundering
3.Vietnam, the reason: can be used for crime and high risk for investors
4. Russia, Reason: Bitcoin is used for illegal activities
5. South Korea, Reason: controlling its finances
6. Singapore, Reason: arising constraints between financial companies, the last
7. Indonesia, Reason: High risk natural bubble
Crypto currency is prohibited in countries with a weak economy, an authoritarian regime of government and infringed upon the rights of citizens. The authorities in these countries are afraid to provide their citizens with financial freedom and the fact that due to their inept government, capital outflow will flow through the crypto currency from their country. I think this situation will improve with time as the recognition of other countries' crypto currency and the optimal regulation of the Crypto-currency in them.
really ironically, I'm not surprised by what you describe in your post. basically a banking system that does not approve the development of bitcoin in a country. there is much debate and regulation in every state law. some small countries like in asia, greedy for corruption. this is a fact that happens, although there are many factors that cause the ban.
I believe
gradually, many countries will begin to adopt crypto., the development of the digital age today can not be separated from our lives, and bitcoin is part of digital technology.
These are insignificant countries with low GDP. They are unlikely to have any effect on cryptocurrencies environment. Sooner or later they will unban them again when rest of the world will start adoption of Bitcoins. Top major GDPs are either making Bitcoin legal or regulating them or placing taxes rules on them. Cryptocurrencies are here to stay.
Countries can banned BTC/Cryptocurrency but they can't stop it. I believe there are still lot of people doing business in cryptocurrency even though the government banned those things.
In Ecuador at least, it is not at all clear if Bitcoin is really banned.
The Congress of this country has banned the unauthorized issuing of "currency", but "currency" in the same law (the "Código Orgánico Monetario y Financiero", Art. 94 and 98) is defined as money emitted by a State, and in Ecuador, it's the US dollar. So the law often cited as "Bitcoin ban" does not really touch Bitcoin - cryptocurrencies are not mentioned in the law at all.
There are some newspapers that reported the law as "bitcoin ban", but without any fundamentation. What seems to be right is that the few merchants in Ecuador are being actively discouraged to use cryptocurrency for business operations by public institutions, and the Central Bank issued a statement that Bitcoin is not an authorized means of payment.
So for me, the most likely interpretation is that privately, you can use Bitcoin if you want, but you cannot accept it "officially" for payments if you run a business in Ecuador.
The Congress of this country has banned the unauthorized issuing of "currency", but "currency" in the same law (the "Código Orgánico Monetario y Financiero", Art. 94 and 98) is defined as money emitted by a State, and in Ecuador, it's the US dollar. So the law often cited as "Bitcoin ban" does not really touch Bitcoin - cryptocurrencies are not mentioned in the law at all.
There are some newspapers that reported the law as "bitcoin ban", but without any fundamentation. What seems to be right is that the few merchants in Ecuador are being actively discouraged to use cryptocurrency for business operations by public institutions, and the Central Bank issued a statement that Bitcoin is not an authorized means of payment.
So for me, the most likely interpretation is that privately, you can use Bitcoin if you want, but you cannot accept it "officially" for payments if you run a business in Ecuador.
Korea decide to ban bitcoin Do you know ? In response to a recent Republic of Korea (ROK) bureaucrat’s statement, causing mainstream media to roar about a “ban” on bitcoin, the South Korean street riled to virtual barricades. Citizens flooded petition signatures to the President. Social media contained oceans of angry comments demanding the offending minister’s sacking. The pressure grew so intense, agencies within the same government began contradicting one another, ending with an official presidential announcement no “ban” was forthcoming
I don't think countries should ban bitcoin because of money laundering. Every existing digital currency has their limit. They may have other reasons in banning bitcoin. I think they haven't seen yet the benefits they can get with digital currencies.
Finance ministry of India said "Bitcoin is fraudulent scheme"
it really does not matter any country does banning on bitcoins,
but they must learn Blockchain, the technology behind bitcoin
I think the purpose of Bitcoin is to introduce a highly transparent blockchain technology
but they must learn Blockchain, the technology behind bitcoin
I think the purpose of Bitcoin is to introduce a highly transparent blockchain technology
I don't think countries should ban bitcoin because of money laundering. Every existing digital currency has their limit. They may have other reasons in banning bitcoin. I think they haven't seen yet the benefits they can get with digital currencies.
Venezuela. Zimbabwe? There was ICO ban noise from SK, but that was not too serious and unrelated to BTC ban.
This is it. Some dictatorship or totalitarian regime here and there. But generally this market will be more regulated, not banned. And past 19 communist party congress I am sure that China will relax its temp regulations, which nobody comply with anyway within China.
I don’t think that Russia or S Arabia will ban BTC exchanges. Not at all.
This is it. Some dictatorship or totalitarian regime here and there. But generally this market will be more regulated, not banned. And past 19 communist party congress I am sure that China will relax its temp regulations, which nobody comply with anyway within China.
I don’t think that Russia or S Arabia will ban BTC exchanges. Not at all.
That depends on point of views of governments. In the truth, no government is taking right decisions in all the time. Don't care too much about government decisions. We didn't create bitcoins, we're getting advantages from something created by someone super genius. Bitcoins is just an opportunity for us. (For me) Bitcoins isn't my life, so, if my country would be be banned bitcoins in the future, I consider it as a lost opportunity and leave away.
If governments would have a tendency to act like that against bitcoin, we would have 90 countries "banning" bitcoin and 5 accepting it instead of the opposite.
Besides, I've always said that people are ruled by the ones they deserve, if you are ruled by some idiots signing stupid laws ...guess what.
yes definitely agree with this sir thanks for this.
The Central Bank of Bolivia issued a resolution banning bitcoin and any other currency not regulated by a country or economic zone in 2014. Not regulated, according to a 2014 statement by the Central Bank of Brazil concerning cryptocurrencies, but is discouraged because of operational risks.
First, this one shitty title.
You have "BITCOIN HAS BEEN BANNED!" as a title and in your posts you start with "COUNTRIES THAT BANNED BITCOIN".
And it's all in CAPS which is annoying as hell, if you want to scream that much open the window and do it.
What you've done here is trying to get visitors to your topic (for what reason..I can only guess....)
But everything you wrote it's already old news..
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
The wiki page is pretty up to date so you can check there what country has "banned" bitcoin.
Because in the case of Nepal, bitcoin has not been banned but declared illegal as a method of payment.
https://sanzeevdahal.com.np/bitcoin-banned-in-nepal/
You have "BITCOIN HAS BEEN BANNED!" as a title and in your posts you start with "COUNTRIES THAT BANNED BITCOIN".
And it's all in CAPS which is annoying as hell, if you want to scream that much open the window and do it.
What you've done here is trying to get visitors to your topic (for what reason..I can only guess....)
But everything you wrote it's already old news..
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
The wiki page is pretty up to date so you can check there what country has "banned" bitcoin.
Because in the case of Nepal, bitcoin has not been banned but declared illegal as a method of payment.
https://sanzeevdahal.com.np/bitcoin-banned-in-nepal/
Quote
All wallets site, Mining sites, ICO, HYIP, faucets all sort of bitcoin-related websites are still working in Nepal. So it’s not totally banned but illegal to buy bitcoin.
Im sorry for all caps sir but yah it was an old news
I just wanna share to everyone who are new again I am very sorry for the all caps hope u forgive. Jump to: