Bitcoin is now banned in JAMAICA - page 8.

Daveeoff

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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.

What do you mean by that? I believe that once regulations come in Bitcoin will become more safe and institutional money will start flowing in.

Empiretoken

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

Ranly123

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Quote from: e19293001 on February 05, 2018, 08:33:07 PM

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 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.

So which means the people spreading fuds and fake news try to control bitcoin price and use it as their advantage. But anyway, even i dont believe that bitcoin and other cryptocurrency will be banned in all over the world. People will find ways to have access in cryptocurrency even if government classify it as illegal, scam or ponzi schem.

posoa

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Quote from: Irvinn on February 06, 2018, 03:18:03 PM

Even if bitcoin was banned in Jamaica, it does not matter much anymore. This small island state does not have much influence on the crypto currency. This state will return to the world of crypto currency if it continues its victorious procession. However, while bitcoin shows shocking volatility, its last drop of 64 percent after 1800 percent growth last year will not leave anyone indifferent.

Hearing that the bank of Jamaica have also ban bitcoin is not a surprising news, this news did not just start.It is quite clear that both the Government and the banks have been issuing out bad news about cryptocurrency, warning the general public not to have anything to do with Bitcoin. The government might have consider the Volatility of bitcoin especially, the decrease of bitcoin price to a very low in price , this may also be a contributing factor for such news to be release at the period of decrease in the price of bitcoin. However this will not affect bitcoin much.

btcprospecter

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You have to wonder at times if banning is in the interest of the people /customers of banks or for keeping the banks safe and countries own economies.

Sadnu

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I don't know why ban bitcoin in the jamaica area but according to my research. because maybe they do not want bitcoin to jamaica's country because they know it's a scam. The Jamaica Information Service (JIS) recently reported that the Bank of Jamaica (BOJ) is “building cryptocurrency awareness.” The statement was provided on Wednesday, by the Bank of Jamaica (BOJ) Deputy Governor Livingstone Morrison, at the central bank’s quarterly media briefing.

tomahawk9

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Even if this is true, as harsh as it sounds: who cares? the BTC bans that we've seen some countries (some user posted a list) will barely have a significant impact in the btc market, does anyone even know how high is the btc volume in jamaica?

This is just following the trend of "X country bans BTC" whenever there's a massive downtrend..these lame attempts to spread FUD are really pathetic.

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

That is very shocking!

How is this shocking? honestly, do you even care about what happens with cryptocurrencies in Jamaica?

cryptobd86

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Very sad thing One by one comes the news of the banned. Which is not good news for cryptocurrency. Besides, investor worries due to the decrease in bitcoin prices for several days.

sabine80

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is jamaica a big player in the bitcoin world? i dont think so. but this news of "banning bitcoin" pops up every time when the prize should go down. conspiracy? Shocked

guy369

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Quote from: NorrisK on February 06, 2018, 03:11:45 PM

Quote from: guy369 on February 06, 2018, 03:09:31 PM

Going to Jamaica in 2 months - I will have some BTC on my iPhone wallet, I wonder if they'll let me in Grin

Looks like you will be in trouble Wink

In all seriousness, the banning talk is more media driven then anything else. The word ban is more of a clickbait then "regulators are looking into managing" type of things.

I am not worried whatsoever

I highly doubt border security will say "unlock your phone, prove there's no BTC on there", there is literally a million ways to hide it

Irvinn

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Even if bitcoin was banned in Jamaica, it does not matter much anymore. This small island state does not have much influence on the crypto currency. This state will return to the world of crypto currency if it continues its victorious procession. However, while bitcoin shows shocking volatility, its last drop of 64 percent after 1800 percent growth last year will not leave anyone indifferent.

olubams

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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.

NorrisK

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Quote from: guy369 on February 06, 2018, 03:09:31 PM

Going to Jamaica in 2 months - I will have some BTC on my iPhone wallet, I wonder if they'll let me in Grin

Looks like you will be in trouble Wink

In all seriousness, the banning talk is more media driven then anything else. The word ban is more of a clickbait then "regulators are looking into managing" type of things.

guy369

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Going to Jamaica in 2 months - I will have some BTC on my iPhone wallet, I wonder if they'll let me in Grin

gentlemand

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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.

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.

macartem

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I didn't hear anything. Where does this information come from? I think it's just a lie

fungushead

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Here is a complete list of countries where the use of Bitcoin as currency for individual persons is illegal:

Algeria
Bolivia
Ecuador
Kyrgyzstan
Bangladesh
Nepal
Cambodia
Indonesia

and now.. maybe Jamaica

Yeah....

The ONLY significant country with a really negative legal stance today is China. And there is nothing illegal about possessing, buying or using Bitcoin for private persons - as of today only firms are prohibited from interacting with Cryptocurrency.

genwealth17

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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.

01BTC

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not of my interest about Jamaica, it's just a drop in the ocean

iconzi

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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 share the official news regarding this Ban? Lots of My Jamaican Friends dont know about it surprisingly

Topic: Bitcoin is now banned in JAMAICA - page 8. (Read 1022 times)