India and Russia ban Bitcoin - page 5.

f150

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Quote from: Karpeles on November 24, 2017, 12:54:29 AM

Quote from: Nerman on November 24, 2017, 12:50:53 AM

Upon reading the news India is planning to regulate crypto and not actually banning bitcoin. Their headline is misleading.

The Russia new is actually scarier since they are not banning the actual bitcoin but they are planning to ban the websites that offer bitcoin.

It left more question, will they ban mining as well?
How about trading websites?

We may also see this happen with other countries in the following years.

They block sites related to bitcoin and gambling since some years ago, it is nothing really new. People could still use VPN or tor to access them. Also India is going after the exchanges, if the piece of news is reliable, but won't ban bitcoin itself and there is no way to know if they will regulate it in the future.

I agree with your opinion, even though they block sites related to bitcoin. Bitcoin users can still access and even transact through VPN network applications and there are still many network applications that can be used to open banned sites, what they expect from banning bitcoin and even bitcoin-related sites.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

I am not too worried about this, because people will just find ways to bypass these bans, if it happens. Look at China for instance, they clamped down on exchanges and the Chinese people just found other ways to trade with bitcoins. You can still move all your coins to another country or buy stuff from the internet in other countries.

You can also trade in person, if you find someone that has contacts with relatives that stays in other countries, where Bitcoin is legal. Wink

avikz

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The previous and current Indian government has failed miserably to provide jobs and basic necessities to its citizens. So if they ban bitcoin a lot of young people will loose the opportunity to live a decent life and will be out looking for a job. It will further worsen the pathetic job scenario of India. Few years back, they tried to ban porn but faced a lot of heat from the community and finally revoked it. I hope they will face the similar kind of opposition if they try to ban bitcoin. "Aur nehi darkar, logo ko chutiya banane wala sarkar".

Captain_Planet

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Its a surprise to me for Russia banning bitcoins if its true because Russia was hosting miners of china and Korea. How come they even think of banning bitcoins then?
For India I cant say much but still banning it completely is a strange thing.

Karpeles

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Activity: 1162

Merit: 1000

Quote from: Nerman on November 24, 2017, 12:50:53 AM

Upon reading the news India is planning to regulate crypto and not actually banning bitcoin. Their headline is misleading.

The Russia new is actually scarier since they are not banning the actual bitcoin but they are planning to ban the websites that offer bitcoin.

It left more question, will they ban mining as well?
How about trading websites?

We may also see this happen with other countries in the following years.

They block sites related to bitcoin and gambling since some years ago, it is nothing really new. People could still use VPN or tor to access them. Also India is going after the exchanges, if the piece of news is reliable, but won't ban bitcoin itself and there is no way to know if they will regulate it in the future.

spracrypto

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Activity: 51

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may be sum day russia and indian government remove band from bitcoin. many indian and russian are earn bitcoin. many people trust and purchase bitcoin. bitcoin is top crypto currency in world. many new russian and indian people join bitcoin talk.

Nerman

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Activity: 364

Merit: 107

Upon reading the news India is planning to regulate crypto and not actually banning bitcoin. Their headline is misleading.

The Russia new is actually scarier since they are not banning the actual bitcoin but they are planning to ban the websites that offer bitcoin.

It left more question, will they ban mining as well?
How about trading websites?

We may also see this happen with other countries in the following years.

Mr.cryptos

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Activity: 322

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BEST BOUNTY MANAGEMENT. 10+ BOUNTIES MANAGED

It's no surprise governments wanna ban BTC, but BTC is unstoppable so far as people like it. If Russia ban websites retailing BTC, people will use tor browsers or find other ways of retailing it.

freightjoe

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Activity: 238

Merit: 109

Following many smaller countries that have recently banned Bitcoin, we are now into the end game.

India is banning Bitcoin : https://economictimes.indiatimes.com/markets/stocks/news/war-on-bitcoin-govt-panel-seeks-crackdown-on-crypto-currency-dealers-in-india/articleshow/61450361.cms

Russia is banning Bitcoin : https://www.cnbc.com/2017/10/10/russian-central-bank-plans-to-ban-websites-that-offer-bitcoins.html

Topic: India and Russia ban Bitcoin - page 5. (Read 1648 times)