Bitcoin is now banned in JAMAICA - page 7.

Linhkej

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Quote from: Hobo66 on February 05, 2018, 07:55:45 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.

The ban on bitcoin is taking place in many countries around the world. But that will not affect the bitcoin too much. Countries that have banned bitcoins will still have a lot of people in that country using bitcoin. Governments can not come to each household to check on the websites that people have visited.
So bitcoin will continue to grow and you should not be so worried about them.

NotAtOld

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Quote from: Hobo66 on February 05, 2018, 07:55:45 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.

Bad news, it is so hard to imagine that someday cryptocurrency will fall under the governments' restrictions

freightjoe

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Quote from: Hobo66 on February 05, 2018, 07:55:45 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.

... another country

sicnarfkswiss

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This news was really really sad, what if other countries will follow.. I hope Government will study deeply about bitcoin for them to understand that this bitcoin is very beneficial to us. Not because they dont know about this, means its illegal.

truthonlyhero

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Well , we can't do anything about it, some countries will ban it and some not.

CryptoDemonElite

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Quote from: gentlemand on February 06, 2018, 03:06:53 PM

Quote from: genwealth17 on February 06, 2018, 02:51:56 PM

That is very shocking! Please share your sources because I haven't heard any news on this ban If the ban is true we are in for an uphill battle friends.

The only source is the OP's anus. As ever it's complete bollocks misinterpreted by a pinhead with the reading comprehension of a kitten after a stroke.

I think this guy is spreading more fud to screw around with people. I did a Google search and there was no mention of Jamaica banning bitcoin, but I did found that the bank of Jamaica is planning to launch a bitcoin exchange.

Doge dealer

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This news is very fake , in fact the central bank has formed a committee to look into ways and means how crypto currencies might be beneficial and to build awareness . I think this is the right approach as a number of islands in the Caribbean lost their correspondent overseas banks who simply dropped them as they claimed they were putting their banks at risk by doing business with some Caribbean countries including Jamaica. Some of the smaller island would have no doubt found this to have a crippling effect on their economy as business would have to scramble to form new linkages to get cross border transactions done. I truly hope they can find a solution to this dilemma in crypto currencies.

Clement Kaliyar

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Quote from: Hobo66 on February 05, 2018, 07:55:45 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.

Your subject says bitcoin is banned in Jamaica and here you are telling that bitcoin is getting banned,which one is true. Roll Eyes

Either way ,even if there is a ban,i do not see any difference in the market as i am not sure what their trading volumes are and more over a central bank coming out and declaring a ban in bitcoin,i am not sure about that.

kotajikikox

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Quote from: Hobo66 on February 05, 2018, 07:55:45 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.

this sad to heard but please give the link about your news sir? maybe this an black propagate to destroy the bitcoin as virtual cryptocurrency
have many times i heard about central bank ban the bitcoin in a differrent country but until now people continue to adopt bitcoin in their lives this the proof nobody can stop the cryptos being decentralized currency using internet.
ban in one location but in other location can use bitcoin in online transaction to buy things using the new technology of digital currency.

mrcash02

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Quote from: olubams on February 06, 2018, 03:13:55 PM

Quote from: gentlemand on February 05, 2018, 08:01:44 PM

11 times out of 10 a central bank 'banning' Bitcoin truly means 'please be careful. We're not going to cover your arses' when people can be bothered to read the 2-3 actual sentences what they wrote. And rightly so. It's not their problem. I'll wait to be proven wrong. It's what almost every other central bank has done.

You just hit it spot on. Sometimes ago when there was proliferation of ponzi scheme in the country there were several bans by all of the regulatory bodies that have to do with finance but still they were unable to stop any of such movement of money since they can't stop.people from sending money to each other. All of the bans were just for them to say "we are aware of what is going on" and invest at your own risk and eventually when all of the ponzi crashed, no one could hold government or its agencies responsible the same thing going down here.

But seems in Jamaica the situation is more complicated and shady than Ponzi schemes. It's about human trafficking, that is what is worring the local authorities. Anyway, I didn't find anything about a total ban over Bitcoin (yet). I don't doubt in few weeks or months they ban it completely because the reason listed above. They are studying what can be done about the issue, and what comes next is a ban or a heavy regulation, no doubt about it.

MiiDoViic

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Quote from: Hobo66 on February 05, 2018, 07:55:45 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.

Same Algeria and Maroco ... third world countries trying to close up on their people financial freedom at all cost ,because they feel treatened it might
wreck their economy . Really sad to see ,but I think after the big leading countries start making clear rules and regulations on cryptocurencies.
These countries will follow and change their stance about it.
Anyhow news like this won't really affect the market unless it's from the big dogs.

eternalgloom

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This one is pretty easily debunked, just do a simple Google search and you won't find any recent results of this so called "news".
I really wonder why someone even tries to post something like this without a single source Roll Eyes

tabas

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Quote from: genwealth17 on February 06, 2018, 02:51:56 PM

That is very shocking! Please share your sources because I haven't heard any news on this ban If the ban is true we are in for an uphill battle friends.

What type of shock you have felt by reading that fake news? There's no source that he can give so what can you expect?

Quote from: Empiretoken on February 06, 2018, 04:57:32 PM

why are all these countries banning bitcoin? am not relly sure this jamaica news is true.

No, don't believe this fake one. Jamaica isn't banning bitcoin don't be so gullible with such news without proof of legitimacy. This is horrible to see that people nowadays are literally buying the fake news and starting to believe that bitcoin is banned in different countries.

tenakha

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Governments are doing stupid things against cryptocurrencies instead of accepting its power...

LFC_Bitcoin

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Not like those broke ass pot heads have any money any way, bitcoin not affected.

Zicadis

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Dump it!!!

The crypto market is quite interesting at the moment, the same banks that are in the forefront banning cryptos are the same entities actually buying more bitcoins so that the keep this competition in their favour as they can manipulate it when the hodl a lot of coins but its just a matter of time bitcoin and others alts will roam the market freely...lets keep holding fellow cryptonians.

triciaa478

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This is the grand scheme to enable bitcoins become irrelevant. Government and central banks don't want to see the bitcoin technology taking their role as determinant and control of money supply.

simpleholmes

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There were so many announcements from countries central banks about banning btc like this and to be honest if Jamaica bans or adopts btc it doesn`t have an impact on crypto market.

maimainguyen05

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Quote from: Hobo66 on February 05, 2018, 07:55:45 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.

Can you give a specific link that people can refer to? As of now, I search on Google but do not see the information that Bitcoin is banned at JAMAICA by the government. Some governments prohibit the use of Bitcoin by influencing the economy, fearing that the currency of their country will devalue when Bitcoin is formally accepted. However, putting the information without linking proofs that it is unreasonable to cause psychological panic for everyone.

arrmia11

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You really have to double check if the news is fake or not, some just spreading fake news to be able to buy bitcoin in a lower price and that will affect the market of bitcoin. Whether the news is fake or not, for as long as bitcoin is still existing in this world then that might not be a problem in my view. If Jamaica really banned bitcoin then maybe their government is not fully aware of the advantages that it acquired rather they focusing on the negative side of it.

Topic: Bitcoin is now banned in JAMAICA - page 7. (Read 1022 times)