Countries where Bitcoin is “banned”

GbitG

sr. member

Activity: 854

Merit: 364

I ❤️Bitcoin

Quote from: bettercrypto on September 05, 2023, 04:52:57 AM

Quote from: marlo1001 on September 04, 2023, 11:53:53 AM

Sooner or later all countries will understand that it's impossible to ban bitcoin and crypto in general. One day it will happen

Since you said this I believe in this matter. That time is close to happening in my opinion. Because recently the Central African Republic has accepted Bitcoin as legal tender currency in their country.

Absolutely, sir. It's 100% certain that all the countries that have banned or imposed restrictions on Bitcoin will eventually accept Bitcoin enthusiasts preamble, and the end result will be the regulation of Bitcoin in the future. However, in the currently restricted countries, there are some difficulties for Bitcoin users or Bitcoin enthusiasm, but they hope that these difficulties and restrictions will eventually be lifted in the future."

Let me tell you one thing: in my own country, where I live, the same situation exists, meaning there is a ban on Bitcoin transactions, but despite this, millions of people are still engaged with bitcoin. So this government cannot completely stop this decentralized world, but they impose restrictions according to their ability.

Texac

hero member

Activity: 2086

Merit: 513

DGbet.fun - Crypto Sportsbook

Quote from: Ale88 on September 08, 2023, 09:26:57 PM

Quote from: Texac on September 07, 2023, 10:28:27 PM

Quote from: Ale88 on September 07, 2023, 09:20:13 PM

Quote from: pixie85 on September 05, 2023, 03:50:24 PM

India banned bitcoin when they found out government officials were taking bribes in cryptocurrencies.

This is pretty funny, like people never took bribes in India (just like many other places in the world) before bitcoin, right? Roll Eyes

If that is the real reason then politicians are even more stupid than what I thought because that just means remaining behind the rest of the world that will embrace this tecnology.

Quote from: pixie85 on September 05, 2023, 03:50:24 PM

China first banned bitcoin because people were using it to transfer money out of the country, as sending large amounts of money abroad, or leaving China with a lot of cash is prohibited.

Same as above, if that is the reason then it's stupid. Those who want to laundry money and/or make it leave their country will find a way for sure.

Simply because the government cannot find any disadvantages or bad points of bitcoin to blame it on, and they use the excuse of corruption, crime...to blame bitcoin. we all find those reasons ridiculous, but there is still nothing we can do to stop the government from banning bitcoin.

The government has never been stupid. if they are stupid, how can they lead and manage us? but don't believe what they say, I believe they don't want people to hold too much bitcoin, and they are silently accumulating them and waiting for the right time to legalize it.

I think they are stupid because there is no real way to ban bitcoin: you can censure some website but using VPN or other ways you can still buy/sell bitcoin, and of course there is no way they can stop people from making transactions, unless they plan to shut down internet in the whole country, but I don't think it's a smart move. At the same time, because of these bans, they are missing growth opportunities and even the possibility to get money thanks to the capital gain taxes.

As I said, don't believe what they say and the ban will only be temporary until they collect all the bitcoins they need.

You're right, taxes are what they're aiming for and that's why many countries are also starting to legalize bitcoin and tax us. they won't ignore those huge taxes, but they will need to find the right regulations and accumulate enough bitcoin before adopting it. I believe it is inevitable that bitcoin will soon be accepted in all countries, but each country will have different regulations.

legendbtc

hero member

Activity: 1288

Merit: 508

Leading Crypto Sports Betting & Casino Platform

Quote from: Bitcoin_people on September 08, 2023, 09:39:46 PM

Quote from: WatChe on September 05, 2023, 03:13:38 AM

Quote from: n0ne on September 04, 2023, 12:03:08 PM

Already many countries that have banned bitcoin usage in the past have legalised as well as regulated the usage of bitcoin. This is a positive move and this is happening as a result of and more number people's participation into bitcoin. Even from the banned countries people continue to use it.

One of the country that had made strict ban on cryptocurrency is Bangladesh. Once came through a news in which two persons dealing with cryptocurrency were arrested by the police. Now people using cryptocurrency from those countries were using the neighbouring countries for cryptocurrency related activities. Ban is temporary, because when people are in need for it governments can't do anything against the people's need/wish.

Crypto enthusiastic in countries where crypto is banned live in constant fear of getting caught by government. For instance, in my country(Pakistan) crypto is banned and we have to be careful while we use features like binance p2p for converting bitcoin to crypto and vice versa. Very often people are caught for being involved in crypto and that do the job for government. Be careful if you live in region where crypto is banned.

Yes, Bitcoin is banned in many countries around the world by governments, and people who use Bitcoin or crypto are always afraid of being caught. For example in my country same as your country where I live many people do bitcoin transactions but all of them use bitcoin carefully breaking the laws given by the government. Since Bitcoin is illegal and considered a crime by the government in our countries, we must use crypto with caution. Binance P2P also people are using bitcoin and crypto and all these actions and transactions should be done with caution. Since currently the governments of our country do not recognize Bitcoin as an illegal and criminal currency, if the administration finds out about using Bitcoin, you must go to jail. That is why we must take utmost care to hide from the government administration when we use this bitcoin against the government.

Going to jail is a pretty harsh punishment for using bitcoin. In my country, if you are caught trading bitcoin, freezing your bank account is inevitable and, more seriously, you will have to pay a civil fine. It doesn't really become a criminal case to the point of going to jail like in your country.

As for p2p trading on Binance, I don't see anything too difficult to bypass the government, each crypto community has tips to help us avoid mistakes. I have been using p2p on Binance for many years and have not encountered any problems.

Bitcoin_people

sr. member

Activity: 700

Merit: 380

🎗️🍁🎭

Quote from: WatChe on September 05, 2023, 03:13:38 AM

Quote from: n0ne on September 04, 2023, 12:03:08 PM

Already many countries that have banned bitcoin usage in the past have legalised as well as regulated the usage of bitcoin. This is a positive move and this is happening as a result of and more number people's participation into bitcoin. Even from the banned countries people continue to use it.

One of the country that had made strict ban on cryptocurrency is Bangladesh. Once came through a news in which two persons dealing with cryptocurrency were arrested by the police. Now people using cryptocurrency from those countries were using the neighbouring countries for cryptocurrency related activities. Ban is temporary, because when people are in need for it governments can't do anything against the people's need/wish.

Crypto enthusiastic in countries where crypto is banned live in constant fear of getting caught by government. For instance, in my country(Pakistan) crypto is banned and we have to be careful while we use features like binance p2p for converting bitcoin to crypto and vice versa. Very often people are caught for being involved in crypto and that do the job for government. Be careful if you live in region where crypto is banned.

Yes, Bitcoin is banned in many countries around the world by governments, and people who use Bitcoin or crypto are always afraid of being caught. For example in my country same as your country where I live many people do bitcoin transactions but all of them use bitcoin carefully breaking the laws given by the government. Since Bitcoin is illegal and considered a crime by the government in our countries, we must use crypto with caution. Binance P2P also people are using bitcoin and crypto and all these actions and transactions should be done with caution. Since currently the governments of our country do not recognize Bitcoin as an illegal and criminal currency, if the administration finds out about using Bitcoin, you must go to jail. That is why we must take utmost care to hide from the government administration when we use this bitcoin against the government.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: adzino on September 08, 2023, 08:40:58 PM

Most of the countries you mention, didn't ban bitcoin. They just put restrictions on some financial institution from using bitcoin as a currency. I think it was few weeks ago I saw an article saying Colombia is one of the countries in Latin America that has one of the most users of Crypto currencies. Also heard about something where a bank was making a partnership with an Latin American exchange which will allows users to directly buy and sell bitcoins. So I don't think the list you provided is accurate. And most of those countries put restrictions because they most likely have no proper legal framework for the financial organizations/institutions.

Besides Bangladesh, which is the harshest country for bitcoin, the rest of the countries, I don't think they ban it, they just have pretty harsh regulations on cryptocurrency. Just like China, which is famous for banning cryptocurrencies, a recent report shows that their people also ignore what the government says and invest in cryptocurrencies.

Bitcoin or cryptocurrency in general, it can be said that up to now banning is almost impossible. What the government can do now is accept and find ways to introduce regulations to control it somewhat.

Ale88

legendary

Activity: 2380

Merit: 2369

Catalog Websites

Quote from: Texac on September 07, 2023, 10:28:27 PM

Quote from: Ale88 on September 07, 2023, 09:20:13 PM

Quote from: pixie85 on September 05, 2023, 03:50:24 PM

India banned bitcoin when they found out government officials were taking bribes in cryptocurrencies.

This is pretty funny, like people never took bribes in India (just like many other places in the world) before bitcoin, right? Roll Eyes

If that is the real reason then politicians are even more stupid than what I thought because that just means remaining behind the rest of the world that will embrace this tecnology.

Quote from: pixie85 on September 05, 2023, 03:50:24 PM

China first banned bitcoin because people were using it to transfer money out of the country, as sending large amounts of money abroad, or leaving China with a lot of cash is prohibited.

Same as above, if that is the reason then it's stupid. Those who want to laundry money and/or make it leave their country will find a way for sure.

Simply because the government cannot find any disadvantages or bad points of bitcoin to blame it on, and they use the excuse of corruption, crime...to blame bitcoin. we all find those reasons ridiculous, but there is still nothing we can do to stop the government from banning bitcoin.

The government has never been stupid. if they are stupid, how can they lead and manage us? but don't believe what they say, I believe they don't want people to hold too much bitcoin, and they are silently accumulating them and waiting for the right time to legalize it.

I think they are stupid because there is no real way to ban bitcoin: you can censure some website but using VPN or other ways you can still buy/sell bitcoin, and of course there is no way they can stop people from making transactions, unless they plan to shut down internet in the whole country, but I don't think it's a smart move. At the same time, because of these bans, they are missing growth opportunities and even the possibility to get money thanks to the capital gain taxes.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Most of the countries you mention, didn't ban bitcoin. They just put restrictions on some financial institution from using bitcoin as a currency. I think it was few weeks ago I saw an article saying Colombia is one of the countries in Latin America that has one of the most users of Crypto currencies. Also heard about something where a bank was making a partnership with an Latin American exchange which will allows users to directly buy and sell bitcoins. So I don't think the list you provided is accurate. And most of those countries put restrictions because they most likely have no proper legal framework for the financial organizations/institutions.

Texac

hero member

Activity: 2086

Merit: 513

DGbet.fun - Crypto Sportsbook

Quote from: Ale88 on September 07, 2023, 09:20:13 PM

Quote from: pixie85 on September 05, 2023, 03:50:24 PM

India banned bitcoin when they found out government officials were taking bribes in cryptocurrencies.

This is pretty funny, like people never took bribes in India (just like many other places in the world) before bitcoin, right? Roll Eyes

If that is the real reason then politicians are even more stupid than what I thought because that just means remaining behind the rest of the world that will embrace this tecnology.

Quote from: pixie85 on September 05, 2023, 03:50:24 PM

China first banned bitcoin because people were using it to transfer money out of the country, as sending large amounts of money abroad, or leaving China with a lot of cash is prohibited.

Same as above, if that is the reason then it's stupid. Those who want to laundry money and/or make it leave their country will find a way for sure.

Simply because the government cannot find any disadvantages or bad points of bitcoin to blame it on, and they use the excuse of corruption, crime...to blame bitcoin. we all find those reasons ridiculous, but there is still nothing we can do to stop the government from banning bitcoin.

The government has never been stupid. if they are stupid, how can they lead and manage us? but don't believe what they say, I believe they don't want people to hold too much bitcoin, and they are silently accumulating them and waiting for the right time to legalize it.

Ale88

legendary

Activity: 2380

Merit: 2369

Catalog Websites

Quote from: pixie85 on September 05, 2023, 03:50:24 PM

India banned bitcoin when they found out government officials were taking bribes in cryptocurrencies.

This is pretty funny, like people never took bribes in India (just like many other places in the world) before bitcoin, right? Roll Eyes

If that is the real reason then politicians are even more stupid than what I thought because that just means remaining behind the rest of the world that will embrace this tecnology.

Quote from: pixie85 on September 05, 2023, 03:50:24 PM

China first banned bitcoin because people were using it to transfer money out of the country, as sending large amounts of money abroad, or leaving China with a lot of cash is prohibited.

Same as above, if that is the reason then it's stupid. Those who want to laundry money and/or make it leave their country will find a way for sure.

lepbagong

full member

Activity: 2268

Merit: 121

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

If, according to what you wrote, the use of crypto currency cannot be used as a legal means of payment in my country, precisely when I just started being active but did not know that year there was already a ban, because previously I knew that there were ATMs available and that usually tourist attractions can accept cryptocurrencies as a means of payment.I just found out, a year from the year of the information you wrote, that ATMs cannot operate and crypto money cannot be used as a valid means of payment but must be changed or exchanged first.but this does not dampen the number of crypto enthusiasts in my country because it is only prohibited to be used as a transaction tool.

GxSTxV

hero member

Activity: 980

Merit: 741

Quote from: joker_josue on September 01, 2023, 04:11:39 AM

We know that it is not possible to ban bitcoin directly, but to create mechanisms that make its use or acquisition difficult, running the risk of being arrested, fined or other problems with the government.

#Algeria - Since 2018 it has been illegal to buy, sell, use or hold virtual currencies.

Unfortunately, that has been the situation in my country Algeria since 2018 when bitcoin, cryptocurrencies or anything related to it were banned and forbidden for any use, including holding, investing, or mining. The issue and what i couldn’t understand is that when this law was enacted back then our government didn't even understand what Bitcoin was or if people were using it in first place.

Quote

How do you think bitcoin users deal with these situations?

I was dealing with Bitcoin both before and after the restrictions and the introduction of new laws in our country, I'm not sure if it's dangerous or if the government is actively tracking users but we don't have a better choice at the moment. Our banking system is not just corrupted but also so useless.

Quote

How do they manage to get around these restrictions without getting caught?

I only refrain from purchasing anything related to cryptocurrencies online such as hardware wallets and mining devices, due to the several cases of people being caught and sentenced to years in prison which is very unfortunate. But after all I don't have any other choice when it comes to exchanging my local currency for Bitcoin, as everyone in Algeria relies on centralized exchanges like Binance.

Quote

Do you think more countries can join this list?

I believe that with a better understanding of Bitcoin and its uses some of these countries may consider legalizing it or at least implementing less stringent regulations.

pixie85

hero member

Activity: 2184

Merit: 531

Quote from: DelskaV on September 03, 2023, 04:44:07 PM

All of them with corrupts goberments and state excess. They can't accept the idea of having a currency that the central bank can't control.

Some are just afraid, or confused.

India banned bitcoin when they found out government officials were taking bribes in cryptocurrencies.
China first banned bitcoin because people were using it to transfer money out of the country, as sending large amounts of money abroad, or leaving China with a lot of cash is prohibited.
Some Muslim countries ban it because they think investing is gambling and that's against their religion.

These are some examples of hos corrupt governments are trying to rule with an iron fist.

GbitG

sr. member

Activity: 854

Merit: 364

I ❤️Bitcoin

Due to political and economical uncertainty we are facing many problems just because of this my country name is not in this list even we are having good reputation in cryptocurrency and freelancing but Bitcoin and Cryptocurrency is ban in our country by authorities with many high profile peoples are using this and also having good stock of solid crypto coins as well.
In last few years we are one of the top ten countries which are doing impressive development in this era with State Bank is not allowing but in last one year I have no update about anything about any case against any person or company about using this bitcoin or cryptocurrency because I can watch many peoples are doing this without any problem and doing much better things in this uncertainty which is around us hopefully things will be better and improved in near future for the all community.

Cookdata

hero member

Activity: 1106

Merit: 912

Not Your Keys, Not Your Bitcoin

Quote from: joker_josue on September 01, 2023, 04:11:39 AM

#Ghana - Despite cryptocurrencies being illegal, there appears to be interest from the central bank in blockchain technology.

Do you think, what more countries can join this list?

Ghana central bank are very funny and not worthy to be called a central bank. Thier stand on Bitcoin is like saying I want the child but I don't like the mother. If you don't want to have anything to do with the mother, then obviously, they don't deserve the mother. You can't say you ban bitcoin but they still have the audacity to say they have interest in utilizing the blockchain. They know how important blockchain is to the environment and people but because they are colonized by the west and don't want to spark reactions that will affect their relationships with them, that's why they decide to ban bitcoin that half of the population in that country will accept if allow as a legal tender.

Ban comes when there is increasing in consumption of what the government terms as been illegal, if people continue to use bitcoin, the government will see it as a threat to their financial system and they don't want that to happen and as long bitcoin exist, people will use it and governments may continue to ban it. Only time will tell if the government will win the global war or the people that use it.

Blitzboy

hero member

Activity: 1316

Merit: 561

Leading Crypto Sports Betting & Casino Platform

Quote from: mamesso on September 04, 2023, 10:58:22 PM

Several countries on the Op List prohibit Bitcoin as a means of payment in their area, the reason is to protect their citizens from losses due to a decrease in value that can occur at any time. Even though these countries prohibit Bitcoin as a legal means of payment in their countries but do not close the door for Bitcoin to continue to exist in their countries, Bitcoin is only recognized as a digital asset that is included in the trading commodity group on futures exchanges.

The Bitcoin community in these countries remains in principle even though the country where they live prohibits Bitcoin as a means of payment, They can use Bitcoin as an investment asset because it is facilitated by an exchange supported by authorities in their country. They can also make transactions online using Bitcoin to buy goods and services without having to use a third party. Even though the government has banned Bitcoin as a means of payment, the government cannot reach or intervene in all transactions carried out by the Bitcoin community.

Ironic, really. To "protect" citizens, governments can inflict more harm than good. Say something about Bitcoin. They accidentally establish an underground market by only recognizing it as a digital asset and not a genuine payment method. This may be riskier.

Risk is inherent in any investment, including stocks, gold, and Bitcoin. However, outlawing its currency use increases that risk. Its like saying, "Trade at your own peril." Bitcoin community persists despite government restrictions. Its still utilized for online transactions, with or without a third party, which speaks volumes.

While these governments may think they have the upper hand, a decentralized system resists foreign control. The Bitcoin community understands this well. After the dust settles, fuck the government. Keep trading.

OrangeII

hero member

Activity: 2170

Merit: 503

Reward: 10M Shen (Approx. 5000 BNB) Bounty

well, in every country that bans bitcoin, I really believe that every crypto user in each of these countries has made adjustments to what is happening there, except for countries that are really strict about their rules for cryptocurrencies like Bangladesh. However, like it or not, they do it secretly, or move to other places where their activities are legal.
For other countries, I think there will be several other countries that support the banning of crypto if there are a lot of scammers, or it really hurts the country in question.

Afnan_faizah

full member

Activity: 798

Merit: 182

i think indonesia is ban every foreign currency, it is not just bitcoin but USD as well. as Indonesian citizen I only allowed to use rupiah as means of payment in the country, but I still can own btc. even there are some cryptocurrency exchange that still allowed to operate and being supervised by the government.

bettercrypto

sr. member

Activity: 1498

Merit: 271

DGbet.fun - Crypto Sportsbook

Quote from: marlo1001 on September 04, 2023, 11:53:53 AM

Sooner or later all countries will understand that it's impossible to ban bitcoin and crypto in general. One day it will happen

Since you said this I believe in this matter. That time is close to happening in my opinion. Because recently the Central African Republic has accepted Bitcoin as legal tender currency in their country.

although other countries like Germany and Italy have made the cryptocurrency a classifieds assets, and they will probably make it a legal tender currency in eventually and it is not impossible for this to happen too for sure. Because that's where we're really heading towards 100% fully adoptions of Bitcoin.

WatChe

hero member

Activity: 1078

Merit: 566

Quote from: n0ne on September 04, 2023, 12:03:08 PM

Already many countries that have banned bitcoin usage in the past have legalised as well as regulated the usage of bitcoin. This is a positive move and this is happening as a result of and more number people's participation into bitcoin. Even from the banned countries people continue to use it.

One of the country that had made strict ban on cryptocurrency is Bangladesh. Once came through a news in which two persons dealing with cryptocurrency were arrested by the police. Now people using cryptocurrency from those countries were using the neighbouring countries for cryptocurrency related activities. Ban is temporary, because when people are in need for it governments can't do anything against the people's need/wish.

Crypto enthusiastic in countries where crypto is banned live in constant fear of getting caught by government. For instance, in my country(Pakistan) crypto is banned and we have to be careful while we use features like binance p2p for converting bitcoin to crypto and vice versa. Very often people are caught for being involved in crypto and that do the job for government. Be careful if you live in region where crypto is banned.

fruktik

hero member

Activity: 1148

Merit: 576

Quote from: Flexystar on September 01, 2023, 06:24:59 AM

The information is so misleading in many ways. Most of these countries still have active users and as stated by few users the countries that you have mentioned like Egypt, India, Russia, Kosovo and turkey are highly active in the crypto currency trading. You really need to verify the source and also verify information from at least different sources or local sources of those countries. The best way to do this is ask the local boards to participate in this voting and ask the actual situation about bitcoin in their countries.

The most disgusting thing is that in Russia all these large mining centers belong to officials and deputies close to the emperor's point. Well, they do not allow new technologies to develop in the private sector in this country. This is a priori simply impossible. Everything is so tightly controlled by government agencies that it makes no sense to start this business on your own. One day, the security forces will simply come and wring everything out.
On all these prohibitions, of course, people put a huge bolt. And it's so hard to survive, and then there's the veto. Many have found in the crypto direction an additional source of income, income, in order to somehow feed their families due to a difficult situation.

Topic: Countries where Bitcoin is “banned” (Read 792 times)