Topic: BitCoin - Where is it illegal ? (Read 2896 times)

I think in taiwan bitcoin is illegal. Taiwan thinks it could be manipulated by a person, it will create imbalance as bitcoin decentralized and unphysical currency.

I'm sure that there was a list of such countries right here sometime earlier.

Bitcoin's legality in different countries is still unclear as we are being fed with false or limited information everyday and the information is still being brought to us holders are made to us like a real one. There are countries where they claimed that Bitcoin is illegal as a mode of payment but it is legal to be traded and mined and yet we don't have proper information if that thing is true or not. We don't have a reliable source like cnn or cnbc providing us legit news.

The information that "bitcoin is banned in Russia" is certainly wrong.
It was relevant about three years ago, and only at the level of rumors. At that time, proposals were put forward by individual statesmen to prohibit the turnover of crypto-currencies in Russia. But they did not find support.
For citizens in Russia there are no prohibitions on possession of crypto-currencies. There is no ban on ICO and mining. Also for this there is no criminal or other liability. No one was convicted of involvement in crypto-currencies.
The Constitution establishes that the only legitimate means of payment in the Russian Federation is the RUR. That is, private money as an official means of settlement is illegal.
But we must understand that, of course, there is no prohibition for citizens to own USD, EUR and other foreign currencies. You can safely have dollar accounts, just keep the houses of the USD. Also with crypto-currencies.
Anything that is not prohibited by law is permitted.
It is worth noting that the turnover of the crypto-currency, ICO and mining in Russia has not been regulated. Now actively promoted the draft law, in which the crypto currency is regarded as a "digital financial asset." To protect citizens from fraud, there are restrictions on the amount of investments in ISO, as well as the specific requirements for companies conducting ISO. Mining is considered as a type of business and therefore subject to state registration.
He has the greatest chance of success. Perhaps such a law will come into effect by September 2018. So far, he has not even entered the government for further development. All in the initial stage. Again, this is the draft law.
In general, in Russia everything is the same as in the rest of the world.  

There are many countries that ban the bitcoin , actually there is some , "some" countries are ban and some is just seeing the bitcoin as a threat on their economy , there is some website , the link is down below and feel free to look at it.

Link: https://www.ccn.com/top-10-countries-bitcoin-banned/

In most countries there is no regulation of the use of bitcoin but not a prohibition, here I leave you 10 countries that prohibit the use of bitcoin.

1. Bangladesh

2. Bolivia

3. China

4. Ecuador

5. Islandia

6. India

7. Rusia

8. Suecia

9. Tailandia

10. Vietnam

The problem with Russia is that they never seem to back up their words by actions. It has been the case for years where Russia is jumping up and down with their potential crypto regulations, but nothing has been done at all.

I seriously don't expect anything groundbreaking from the "pending bill", where we may not even hear anything back concerning that bill at all. I have never seen such a clown show.

One day they seem to be in favor of crypto, and the next day they completely change their attitude and seem to prefer a more hostile approach. How are people supposed to take anything from Russia serious with this in mind?

It has been like that for more than 2 year! I rather see them actually do something than repeating this nonsense for a few more years......

I know that Bangladesh government has also banned bitcoin for money laundering.In 2012 month of September Bangladesh bank ruled that if anybody found using bitcoin he/she will be sent to jail for 12 months.Also I heard India has banned bitcoin.for long time although they made it legal on this year.Also Kenya banned bitcoin couple of year's ago.

Yeah your right, in any country bitcoin was not yet legal. All crypto currencies in different parts of the world were not yet given authorization to used as regular currency. However I believe that some of this day bitcoin will lead of legalization but it takes a lot of consequences before it happen.

And wherever the countries that still thinks it's illegal, it is only a concern that has a negative impact on the country and its citizens, in a various forms which indeed the advantages of bitcoin can be exploited for a negatively things. In addition, the governments is still not deepening about the technology related on bitcoin and other things that must be deepened to be able/that can indeed to advance the country.

According to some online reports, bitcoin is not illegal in Russia but using it as payment is still illegal. Bitcoin transaction are still not allowed because the Russian government fears that cryptocurrencies may be use by some elements to fund terrorism and other ilegal activities that might their economy and national security.
The latest news is there is a pending bill that seek to regulate cryptocurrency exchanges, restrict crypto mining and penalizing coin payments.

maybe you can get more information on this link,because i also more get information for learn more in here website


 https://www.msn.com/id-id/ekonomi/ekonomi/daftar-negara-yang-melarang-penggunaan-mata-uang-digital-seperti-bitcoin/ar-BBHobgX

In maghreb.

There are countries that been illegal , or disagree on the bitcoin , and to be honest I'm doing some basic search about it feel free to look at the link , the information that I got is from cnn news. I'm hoping that it would help , feel free to look at it.

Link: https://www.ccn.com/top-10-countries-bitcoin-banned/

BTH is illegal in five countries that would i know rest of them is unkind

1 Russia
2 Korea
3 United Arab emirates
4 turkey
5 Iran

Unfortunately, I agree with you. The Russian president and the authorities will not allow the free purchase and sale of crypto currency. Bitcoin will be taxed.

You people really don't get it as far as Russia is concern. Russia under Putin will not make bitcoin and any crypto legal because they are afraid that when the time comes, bitcoin will ruin their economy because bitcoin is decentralized and can't be control. This is the same instance of China and Russia is also doing the same. They already have their own government back cryptorubbles. And you need to take everything with a grain of salt the news coming from them regarding crypto's because they always contradicts themselves. That alone means that they are not bitcoin friendly. They are just riding on the popularity of it. And as for their own crypto's it won't be successful because of the high taxes that they are imposing. Imagine a ordinary citizens buying it but with a 12% tax?

Wikipedia is always up to date and I believe it's a fact. I also think that Russia doesn't really make bitcoin illegal but they only just regulate bitcoin to avoid money laundering. That was the last update I'm read somewhere here I guess. And so I think this site is legit, so you can exactly see it here. Also let's just hope bitcoins illegality will soon get revoke on some countries in the world. And don't loose hope if this currency, bitcoin, is illegal at your nation, they will soon accept it, believe me!

For some governments like China, but no one can control Bitcoin or Regulate Bitcoin, so whatever they say, Bitcoin will be ruling.

I'm the one of all that have an thinking like that, all the governments of each countries certainly have a differences of opinion on bitcoin, and I believe in the future about legal or not legal.. it would be more considering by all the countries, it will be a bad news or a good news.
As long as the government doesn't really ban us to selling bitcoin to local currency or engage in activities such as investing, trading, seeking for other profits in various ways (except spending it on goods), I think no need if we too focused it must be legal in our country, as a good citizens.. we can only hoping about that and it can be the best for us.