How likely is it that bitcoin goes illegal in other countries like china? - page 2.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Well Vietnam has made bitcoin illegal. See

https://www.theregister.co.uk/2017/10/30/vietnam_bans_bitcoin_as_payment_for_anything/

Small countries with weak economies and even weaker currencies fear bitcoin, so expect to see more of this.

michkima

hero member

Activity: 896

Merit: 514

First off, it is not illegal in china yet. The recent issues was not about china actually banning bitcoins or exchanges, but it was just a mere rumor! There was no actual ban that happened to bitcoins and exchanges. However, I do believe that there is a chance it could be declared illegal. But that chance is not really that great to undermine what bitcoins has achieve so far.

bitorama

full member

Activity: 238

Merit: 100

I don't think bitcoin is illegal in china, china just ban the exchange with fiat and ICOs

bajigur894784

member

Activity: 350

Merit: 10

To my knowledge, Bitcoin has not been declared illegal in most countries. Although there are some countries like Argentina and Russia that strictly prohibit foreign currency. so does Thailand that restrict certain currency permits such as Bitcoin exchange.
..talk about the case in china, they are only banned bitcoin and its temporary nature, because the Chinese policy makers take steps to provide rules for individuals and businesses on how to integrate bitcoin.
so does his influence on the bitcoin price reduction .. "only temporarily"

akmittal

full member

Activity: 252

Merit: 102

Now china revoked the ban on bitcoin. After ban by China, bitcoin down to 30% of its value and again gain all time high with in two weeks. it shows that ban does not effect to bitcoin. Other country may ban bitcoin because it is untraceable. But bitcoin will survive even after ban.

foxydoxy

newbie

Activity: 40

Merit: 0

As we know nowadays everybody uses cryptocurrenies and specially Bitcoin in their trades and criminals too. China recently declares blockchain illegal in that country, How likely do you think is that other countries ban it?
If they start to ban it, what would be happen to bitcoin price?

Topic: How likely is it that bitcoin goes illegal in other countries like china? - page 2. (Read 455 times)