Topic: Bitcoin banned in Sri Lanka (Read 3240 times)
Most of countries banning bitcoin is developing country, they are afraid that bitcoin will drive heir country to the edge of recession and out of control
I always have a negative attitude towards the Bitcoin ban. I think that the Bitcoin ban is not right and violates human rights. I think that the government of Sri Lanka should change its attitude towards Bitcoin.
As it is now banks can create money out of thin air much over and above the deposits that they have at the central bank. Crypro currencies correct this anomaly.
Behind every bitcoins, there is a monetary transaction and this is all what money is about. Any currency whether paper or crypto can naturally be used for illegal purposes.
Behind every bitcoins, there is a monetary transaction and this is all what money is about. Any currency whether paper or crypto can naturally be used for illegal purposes.
Such news may change the position of the BTC to some extent, but it will surely be a part of the story. BTC will further strengthen his position in the future. 
Sri Lanka is like Vietnam, their government is fearful of Bitcoin and cryptocurrency. This limits growth to the economy and freedom of the people. So sad.
Sri Lanka's economy was socialist until the late 70s. A civil war ended in 2009. Buddhists (historically practicing communism, and asceticism, and having little respect for individual rights) are 70% of the population. In short, it's a shithole, although greatly improving since free markets have started.
If this is real news then I am sad too for Sri lanka, but now it shows that this can be false news and this news can not change the value of Bitcoin and cryptocurrency. And you suggest that you rethink the news.
they think Bitcoin and cryptocurrency will make their economy go down. But I hope in the future, these countries will have positive thinking about Bitcoin
Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? 
ohh
that's a sad news. Probably they are scared of the volatile nature of the bitcoins and therefore is not ready to meet the low price days of the coins.
I don't see it, maybe it's just a warning not a ban. the government certainly will not be responsible for what happened with crypto which they consider too risky
Oh god that is not good. After India now in Sri Lanka also. Sad for cryptocurrencies
ignorant in the highest level.
Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ?
Many countries have issued a ban on Bitcoin like Sri Lanka. The reason may be that there are too many investors involved in Cryptocurrency and many have tried to legitimize their assets with Bitcoin purchases so that could be the reason Sri Lanka issued the ban.
For the development of a country, crypto currency is more effective. Sri Lanka has banned bitcoin because the people of this country mind that the economic condition of the country will go down for the bitcoin. But they have use it for their country to make economic development much better.
Nothing happened to bitcoin for banning bitcoin in Sri Lanka. Because this a poor small nation even has no smart GDP including its people cannot adopt a decent amount of bitcoin. Bitcoin banned in Sri Lanka this will not show bad impact in the entire crypto nations. Only its limited crypto user will face trouble to use bitcoin.
Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ?
I think like others country that already banned bitcoin or cryptocurrency. They always said that bitcoin used for illegal activity like money laundering or criminal activity
I think the reason for bitcoin banning in Sri Lanka is the same as some countries that have banned bitcoin. they prohibit cryptocurrency because crypto can be used for illegal activities such as money laundering and terrorist financing. all these activities violate the law because they don't use cryptocurrency. and I think that most developing countries are not ready to use cryptocurrency. Most of the people don't understand cryptocurrency.
fiat is used for illegal activities much more often but governments don't ban fiat currency and bitcoin is the only guilty.
if true but atleast haven't heard about police arresting people working on the field of cryptocurrency in there so those ban might be quite weak one. Government that don't have enough manforce to design and implement regulatory framework for cryptocurrency are just banning the whole bitcoin thing, they consider it as just a headache. While developed countries have already started producing blockchain developers and they already had patent registered for blockchain based product which they gonna sell to those same poor country who have banned blockchain based crypto right now. Grin Roll Eyes
I really do not know much about Sri Lanka to know if bitcoin is that big in that country but for the rest of us the news is irrelevant, the countries with the most adoption of cryptocurrencies are those that are the most powerful and have the most money so if we lose a small country we do not have to worry because that is not going to affect bitcoin price.
actually I don't need to think about the reason why the bank in Sri Lanka banned bitcoin, because I'm not people of Sri Lanka.
but just guessing, the reason why bitcoin is banned, maybe because they are afraid that bitcoin can affect the economy in Sri Lanka
but just guessing, the reason why bitcoin is banned, maybe because they are afraid that bitcoin can affect the economy in Sri Lanka
i dont understand why this being done .Many of the countries are already approving and regulating the crypto space , then why not them.We should wait and see what they would do after most of the countries would have approved and moved on to improve their economies.I hope some countries do not want their economies to move in an advanced way or may be they are still researching them.
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