Topic: Countries that are hostile to Bitcoin! (Read 245 times)
To be honest, there are some exceptions to it but not many countries support Bitcoin or anything that is decentralized because ultimately it takes away the power from the government and transfers it to the users. However, when it comes to the blockchain, most of the countries are supporting it because the government can still have extreme control even in the case of blockchain based projects. On the other hand, I really appreciate the efforts of Australia where primary grade students are learning and exploring about cryptocurrency and blockchain technology.
we must know that the form of the banning of bitcoin has a different context, meaning that each country has a different wisdom, and has different reasons. but in general, they are more worried about the great risk of crypto's world.
some countries that resist bitcoin are, Germany, Marocco, nigeria, Nepal, kyrgystan, Ekuador and Vietnam.
some countries that resist bitcoin are, Germany, Marocco, nigeria, Nepal, kyrgystan, Ekuador and Vietnam.
I see today, many countries are receiving crypto, so I speculate that the crypto world will have a good future.
but, some countries are still trying to resist and fight bitcoins, such as
1. Bangladesh, with the reason to prevent money laundering
2. china, with the reason that China will create the crypto.
3. Taiwan, with the reason for a lot of hacking, so it can adverse the public, especially investors.
but, some countries are still trying to resist and fight bitcoins, such as
1. Bangladesh, with the reason to prevent money laundering
2. china, with the reason that China will create the crypto.
3. Taiwan, with the reason for a lot of hacking, so it can adverse the public, especially investors.
There are many countries that hostile to bitcoin China, Bangladesh, Taiwan and also Algeria, Indonesia and Bolivia. But also there is a lot of country that it's totally accepted and they consider that bitcoin is one of the most attractive crypto that good to invest. I hope everything is gonna be alright and it will accept it.
I see today, many countries are receiving crypto, so I speculate that the crypto world will have a good future.
but, some countries are still trying to resist and fight bitcoins, such as
1. Bangladesh, with the reason to prevent money laundering
2. china, with the reason that China will create the crypto.
3. Taiwan, with the reason for a lot of hacking, so it can adverse the public, especially investors.
but, some countries are still trying to resist and fight bitcoins, such as
1. Bangladesh, with the reason to prevent money laundering
2. china, with the reason that China will create the crypto.
3. Taiwan, with the reason for a lot of hacking, so it can adverse the public, especially investors.
Bitcoin had banned in many countries. but I am sure it will be accepted definitely time to time. Due to blame working by bad elements effects on economicaly growth. There will be time consuming soon.
The government could not control traffic, transaction bitcoin.It is difficult to control the income of citizens of that country. This directly affects the economic and financial management of the country. My country is also in the country forbidden to trade bitcoin and use bitcoin.
They might be hostile to bitcoin or crypto today, but it doesn't mean that they can make a sudden U-turn and adopt bitcoin. Similar to what China did, they are very friendly but we don't know what pushes the government to really made them turn its back against bitcoin and then promoted blockchain. As as what @pooya posted, its looks like there are only a few nations who doesn't accept bitcoin for now and hope that no nation will be added soon on the list.
The main reason for prohibitions lies on the surface. Calculations in a currency other than the national one lead to a decrease in economic indicators, including one of the main ones - GDP. It is much easier to launder money or withdraw capital abroad. Banks will not get a percentage, but payment operators, a commission.
In general, the risk is quite high, therefore some countries completely or partially prohibit crypto-currencies. In particular, Nepal: the authorities have already imprisoned several cryptoagents and are not yet going to stop.
The absence of a regulatory framework around the crypto-currency world leaves room for legal speculation and maneuvers. Unfortunately, this does not apply to countries where monarchs or religious fanatics rule, therefore not all the supporters of the crypto currency can hope for loyalty and understanding.
In general, the risk is quite high, therefore some countries completely or partially prohibit crypto-currencies. In particular, Nepal: the authorities have already imprisoned several cryptoagents and are not yet going to stop.
The absence of a regulatory framework around the crypto-currency world leaves room for legal speculation and maneuvers. Unfortunately, this does not apply to countries where monarchs or religious fanatics rule, therefore not all the supporters of the crypto currency can hope for loyalty and understanding.
I do not think Bitcoin can be completely banned. Attempts can be made on behalf of prohibition, but it is not possible to prevent completely. I also do not really understand why this banning process is initiated.
Sure, because the government does not manage its finances. All governments are economically based. If they lose power, they will not be in control of society.
Under this shipment, let's list the countries that are against or against the bitcoin.Which country in your mind what is your answer?
India. Yesterday Bitcoin price fell to $5000 in India.
Believe it or not, the International Monetary Fund itself is exploring using blockchain technology for its own trading of special drawing rights. A thousand other uses are sprouting all around the world. Not to mention the existing vast bitcoin mining operations. But blockchain and its cryptocurrencies are becoming a victim of their own success. Governments are catching up. They’re deciding whether to back, adopt or undermine the new technologies.
I think many countries are against bitcoin, and that's a lot, and I'm sure many may be afraid of bitcoin, because the bitcoin has no authorized consent.
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have you tried searching? there is no need for starting a topic when there is a list already available to you: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
and here is a map (the red parts are the "hostile" countries only):
and here is a map (the red parts are the "hostile" countries only):
Most of the time, generally no bitcoin are a few small countries, because of the small countries face a more serious inflation and the problem of money laundering, so they must prohibit the bitcoin, because the bitcoin may affect the stability of these countries.
Under this shipment, let's list the countries that are against or against the bitcoin.
Which country in your mind what is your answer?
Which country in your mind what is your answer?
https://bitnewstoday.com/market/bitcoin/countries-where-the-cryptocurrencies-are-banned-busted-for-bitcoin/
maybe many countries are hostile to bitcoin but that does not mean prohibiting as well as government in my country there are no rules that prohibit the use and mining of bitcoin but the government just reminds about the vulnerability of the fraud level when using crypto money and the absence of a responsible institution that can overcome or control bitcoin
Under this shipment, let's list the countries that are against or against the bitcoin.Which country in your mind what is your answer?
India. Yesterday Bitcoin price fell to $5000 in India.
have you tried searching? there is no need for starting a topic when there is a list already available to you: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
and here is a map (the red parts are the "hostile" countries only):
this means only fewer and as i am looking at the mal,you cant even see the margin of those hostile countriesand here is a map (the red parts are the "hostile" countries only):
Thanks for this one Budz as i am bookmarking this for future preferences,
Hoping this will never added another red marks and instead covered with green all that red
I'm not sure that hostile mean has to be banned in some country, I just know India one of the country who has banned bitcoin. Well one of the nation banks in my country has said that bitcoin was an unvalid payment tools, but my country doesn't hostile with bitcoin.
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