Well that is really sad as most countries are now embracing the concept of bitcoin as a mode of payment but i am with high hopes that they will reverse their ban just as Facebook reversed its ban some weeks ago.
Topic: Bitcoin banned in Sri Lanka - page 15. (Read 3240 times)
Sometimes different countries ban bitcoin or all cryptocurrencies. It is okay, they just don`t know, how to regulate this sphere and receive correct amount of taxes
Its no a surprise to hear banning of crypto in some countries. This a s been going on for months and years now. We just have to find a way to make people understand crypto else they will continue to have bad perceptions about the dealings in crypto. As for the banks, I think crypto is becoming a threat to their profit gains and their poor centralized systems
again and again, cryptocurrency banned. this is not a good news to hear. there must be an important reason for limiting crypto activity. this is sad when this community builds the cryptocurrency glory there are countries that do not agree with its existence. Hopefully this is just a temporary ban.
I generally thought the Sri Lankan government would try to do anything opposite of what its Indian neighbours do, but I suppose their central banks in South Asia are more aligned. Bangladesh and Pakistan suggest the same and even in Maldives I'm hearing Bitcoin is having a bit of a growing discussion leaning towards conservative approaches.
The good thing for me here is that everyone will start learning to do p2p, learning how to use Bitcoin on their own. That can't be bad, right?
The good thing for me here is that everyone will start learning to do p2p, learning how to use Bitcoin on their own. That can't be bad, right?
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 ? 
yes I know and I heard the country of Sri Lanka does not ban the bitcoin they just warn. and that warning is not a ban, it's so much different.do not make matters worse with this bad news, you are too big an issue
Yes, There is no Ban, only warn for ICO invest and no other things happened, Most of are always spread rumors, I think every one should follow the official news otherwise most of are going to step back
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 you misunderstand, There is no ban in Sri Lanka (Yet ) Only warning for ICO invest, The central bank of SriLanka just put some warning for Investing on Crypto currency but still there is no legal action
Well if BTC ever gets banned in Sri Lanka then it'll be painful for the people there who have made investments and vested their life onto BITCOIN, not yet true ans let us not wish for it to happen because it can also be a big loss as well for the economy. Probably if Sri Lanka gets banned it can be an effect, though it is nor big but it will still affect the market.
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'm not aware on banning bitcoin on sri lanka i think it's more of an theory , and on the other hand based on my research government of sri lanka has implementing regulation on bitcoin , and also i have a link which i think can help to expand our perspective regards on this case.
Link: http://www.economynext.com/Sri_Lanka_s_central_bank_fires_salvo_against_cryptocurrencies-3-10382-1.html
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 don't know about that. because I do not think sri lanka has a big share in the crypto market. so I do not think there will be a big effect that can shake the bitcoin. especially for now there is good news from some countries that make bitcoin more acceptable
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 ?
yes I know and I heard the country of Sri Lanka does not ban the bitcoin they just warn. and that warning is not a ban, it's so much different.do not make matters worse with this bad news, you are too big an issue
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 ?
If some nation want to progress, they will have to accept crypto.
This time going when the valuation of bitcoin is going too much low and every one is just worried when it will recover again but I think in my opinion this is a very great opportunity for all of us when we can buy more and more bitcoins according to our capacity and according to the capital you possess so that you can hold as maximum of the bitcoin and can sell them when the valuation will increase and in this way you can earn highest money!
Well most of the people in here do not care about that because i am more than sure in that there is not a huge amount of users in here coming from Sri Lanka, and i am more than sorry for all the people that are from there, but what can we do against it?
as I have seen in an article they had just warned the investors and nothing else like a step towards banning, but if you could provide us a link than the things would get clarified if I am wrong.
According to my knowledge crypto currency is not yet banned in Sri Lanka just the warning announcement came from Central Bank of Sri Lanka. It doesn't mean that you cannot trade crypto just you need to be cautious when dealing with it as no one is gonna responsible in legal issues. If you have a source that Bank of Ceylon has banned crypto in Sri Lanka could you please share the link to source?
Oh no, not Sri Lanka!!!! But all jokes aside, for small countries banning crypto is far easier than dealing with the ramifications of multinational criminal organizations trying to launder there money. Or even more recent news of Russian hackers using bitcoin to help sway the US election. What does a small country like Sri Lanka do when criminals try to go through their country to obscure the source of funds? Sri Lanka has a strong banker presence as well. The bankers want to protect themselves from crypto or at very least not have to spend money trying to stop this new technology from disrupting everything.
This is not a good news in anyway for cryptocurrency. Cryptocurrency is very volatile and anyone that wants to trade Cryptos must be prepared to accept the profits and loss. I believe with time, the country would see the benefits of cryptocurrency and would remove the ban.
Never heard anything about Sri Lanka banning bitcoin. Did a quick google search and found no such news. Did you just hear it from someone? Just make sure you verify what you hear before posting such things. There are only like few underdeveloped countries that have banned bitcoin. Sri Lanka isn't in the list. But the bank did issue a warning about the risks associated with investing on crypto currency.
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 ?
As far as my knowledge is concerned it's not a direct ban but only a warning by centeral bank not to indulge in these crypto trades and not providing services to investors.So we cant say it is ban in Sri Lanka as there is no official announcement by the government of the nation.But they need to do more research about it as it will help to boost economy of underdeveloped and developing nations in a positive manner. Jump to: