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Topic: Bitcoin is now banned in JAMAICA - page 2. (Read 1022 times)

member
Activity: 233
Merit: 10
May 21, 2018, 08:20:29 AM
in jamaika like it is not very influential if bitcoin is banned in its circulation, which greatly triggers bitcoin price movement is a country that has a very good development and has a highly developed technology.
sr. member
Activity: 704
Merit: 270
May 21, 2018, 07:50:29 AM
Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect. Smiley
Bitcoin has been banned in almost all the countries, almost all the countries are against bitcoin , there are about 8 countries who has legalised bitcoin in their nation and has also legalised bitcoin transactions like in Florida, they are accepting bitcoin in payment of taxes by the people , in South Korea they are accepting bitcoin in exchange of selling car as stated by big car selling dealer and the reason behind banning the bitcoin is lack of proper authorised body over bitcoin and therefore these countries do not find bitcoin to be much trust worthy to legalise in their nation.
newbie
Activity: 238
Merit: 0
May 20, 2018, 06:15:41 AM
when that all people know about it's necessary . it wilmore than it was development. There will be a date they know, illegal commands will be ignored, i believe it
newbie
Activity: 55
Merit: 0
May 14, 2018, 02:56:23 PM
Jamaica may ban bitcoin to prevent some kinds of illegal activities. on the other hand their government is unable to control it . soon or later I hope they will legal bitcoin,when they will see it dominate the world.
member
Activity: 1204
Merit: 38
May 14, 2018, 12:46:35 PM
I dont think that banning in jamaica will affect the other counties. Maybe thier are ristrictions why thier government baneed for many reasons. Please respect the government. Maybe some other days if the givernment sees nithing weing with bitcoin, maybe it will be back soon.

Yes there is no need of the banning of bitcoin without any reason it cause many people to loss their money so the government need to consider that from the banning of bitcoin and to support us.
newbie
Activity: 196
Merit: 0
May 14, 2018, 12:26:43 PM
Jamaica may banned bitcoin now in order to prevent their people from being scam, but i am sure they will review d ban whenever they see the through and genuine picture of the so call bitcoin
full member
Activity: 476
Merit: 100
May 14, 2018, 11:50:22 AM
You are not sure of this news. This is called speculation. The Jamaican government might be saying another thing but it may have been misinterpreted by the reporters. let us wait a bit for the official communique from the government of Jamaica.
full member
Activity: 403
Merit: 100
May 14, 2018, 11:44:53 AM
This is exactly like the beginning of the Internet, many of which prohibit the use of the Internet, because it is prone to make a crime media, but see what happens the greater the Internet.
The same thing happens to bitcoin and cryptocurancy.ini can show that although bitcoin is banned by some central banks.
but this will not close access for us to keep using bitcoins.
and for that there is no need to worry about banned bitcoins that are almost very risky in some world banks.
a bit of a concern though I'm sure bitcoin will never die.
hero member
Activity: 1190
Merit: 534
May 14, 2018, 11:31:36 AM
There is a reason that government from every country is worried about Bitcoin and other decentralized crypto coins and as we all know that no one can ban Bitcoin/crypto transactions. Even in the worst case scenario, governments can just impose the ban on crypto to fiat and vice versa transactions. Bitcoin is based on a blockchain technology which relies on the principle of decentralization and that takes away power from the centralized authorities and transfers it to the users. Governments are always greedy for control and hence they are trying hard to eliminate the popularity of cryptocurrencies.
full member
Activity: 574
Merit: 102
May 14, 2018, 04:04:45 AM
I am not easy to believe and trust the news related to banning bitcoin in various countries, because that often happens the news is just a FUD. even if the news related to jamaika that banning bitcoin is true, I do not think it has a significant impact on the crypto market and the community. jamaika is just a developing country that does not even have a track record of the crypto industry, so we need not worry.
newbie
Activity: 166
Merit: 0
May 13, 2018, 08:54:38 PM
Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect. Smiley

Another source of information that I used to refer is this

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

Some peole just use fake news or FUDs so they can buy cheaper
price. But the current trend get's cheaper and cheaper. It's difficult
to prove the original reason though. Anyway, the people I know who
still hodling bitcoin does not anymore care with the news.
Yes, that is true mate. Banning is the most common issue they wanted to spread out but bitcoin users and investors are already aware on this. Considering FUD's or fake news is just a waste of time. I always believe that bitcoin price never get affected of the banning since it survived for more than six years now.
newbie
Activity: 196
Merit: 0
May 13, 2018, 07:20:54 PM
I dont think that banning in jamaica will affect the other counties. Maybe thier are ristrictions why thier government baneed for many reasons. Please respect the government. Maybe some other days if the givernment sees nithing weing with bitcoin, maybe it will be back soon.
hero member
Activity: 742
Merit: 500
May 13, 2018, 07:15:16 PM
Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect. Smiley

I dont think having Jamaica banning bitcoin will affect the overall moral of the market considering how irrelevant Jamaica is in the world economy let a lone the crypto economy.  Furthermore, having the Bank of Jamaica state that theyr avoiding crypto doesnt mean that the entire country is banning it.
member
Activity: 308
Merit: 10
May 13, 2018, 06:56:04 PM
central banks are always agains bitcoin and crypto .i dont feel worry about this news.bitcoin is one and only.
Yes they are akways saying bad things against Bitcoin and crypto. Sometimes it's also not a ban but a warning to the general populace. They do so just to warn them and tell them to be careful of digital/online/cryptocurrencies, but the media misinterpret and spread the FUD around. But in anyways they cannot kill Bitcoin and crypto
sr. member
Activity: 1372
Merit: 255
May 13, 2018, 06:48:29 PM
Bitcoin can go up without Jamaica,  everyday hundreds of noobs are joining the crypto bandwagon.  Some of them are investors of stocks and forex.

Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect. Smiley
copper member
Activity: 224
Merit: 3
May 13, 2018, 06:38:46 PM
Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect. Smiley
In the grand scheme of things, Jamaica has not risen to a level of influence in the crypto space that should get us concerned about this I think.
full member
Activity: 490
Merit: 100
May 13, 2018, 06:35:33 PM
But this will not stop bitcoin, it will continue to develop despite the prohibitions, as this technology is very necessary for us, for our own development.
jr. member
Activity: 980
Merit: 1
May 13, 2018, 06:30:56 PM
Very sad news because Jamaica is big part of bitcoin contribution countries. Due to bann bitcoin it brings a huge change in total trading systems.
newbie
Activity: 110
Merit: 0
May 13, 2018, 06:27:28 PM
More and more countries are banning Bitcoin then this will adversely affect the future of Bitcoin, hopefully this does not affect other countries. And bitcoin continues to grow even though many countries forbid. Bitcoin is a very modern payment technology, but why are they banning it ?! I am sure, the reason they forbid Bitcoin is that they are afraid of being rivaled, and the currency in that country does not sell because all are moving to Bitcoin.
jr. member
Activity: 140
Merit: 1
May 13, 2018, 06:19:30 PM
I was very upset, any negative news about bitcoin, especially when a country decides to ban the cryptocurrency in its teriitory. I do not understand why this should be done, it only hinders the development of the country.
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