I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
China is one of the few countries to restrict the use of Bitcoin and prohibit financial institutions and banks dealing with Bitcoins. In December 2013 notice by the Central Bank of China, Bitcoin was dubbed the "Virtual Commodity" and its use as a currency of despair. 
Topic: The countries banned Bitcoin - page 4. (Read 541 times)
Not only China and Russia, but my country Indonesia also banned bitcoin. But I explained that the ban is only directed to the use of a medium of exchange only, if for ordinary trading may still be allowed, so naturally when in China there are still people who use bitcoin.
not just china
there are colombia, ecuador, bangladesh, singapore
and each country has its own reasons
china: forbids bitcoin for wanting to create their own digital currency
colombia: considers bitcoin as a fraud
bangladesh: avoid money laundering
and the latter Singapore: forbid because it is considered will cause inter-company constraints
and many more, I can not mention them one by one
there are colombia, ecuador, bangladesh, singapore
and each country has its own reasons
china: forbids bitcoin for wanting to create their own digital currency
colombia: considers bitcoin as a fraud
bangladesh: avoid money laundering
and the latter Singapore: forbid because it is considered will cause inter-company constraints
and many more, I can not mention them one by one
Hi,
In fact, neither China, nor Russia have banned bitcoin. There are regularly press release, stating that such countries are going to design a new legislation in order to ban cryptos..
BUT since then, it has never been adopted. Maybe because some members of these governments are involved in cryptos and they don't want to lose their assets, maybe because crypto is not such a priority, maybe because such governments are rather betting on annoucement effect than real implementation...
There are many explanations possible here.
What I know is that for the moment, there is no active ban and I would even say no upcoming ban to fear!
In fact, neither China, nor Russia have banned bitcoin. There are regularly press release, stating that such countries are going to design a new legislation in order to ban cryptos..
BUT since then, it has never been adopted. Maybe because some members of these governments are involved in cryptos and they don't want to lose their assets, maybe because crypto is not such a priority, maybe because such governments are rather betting on annoucement effect than real implementation...
There are many explanations possible here.
What I know is that for the moment, there is no active ban and I would even say no upcoming ban to fear!
In September of last year, Chinese authorities ordered the closure of stock markets at all Bitcoin, which was operating in their country.In the same month, their central bank began identifying individuals and companies who had sold their digital money and sought to raise money through it.It also declared that doing so was illegal.
I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
this issue last year 2017 banned the cryptocurrency exchange and i heard this early january 2018 china government want to banned also the mining if i'm not wrong, i we should know cryptocurrency or bitcoin are decentralized currency using the internet connection so i think even the government want to banned bitcoin in their country people continue to work in bitcoin the reason is because have many country can use bitcoin to buy anything in online market then accept bitcoin as payment.
Bitcoin is not banned in China and Russia, there are just some restrictions, especially this relates to chines trade exchanges. Bitcoin is fully banned in South Korea.
I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
A lot of Chinese Bitcoiners will move from their country after all of that. This is the only right way. Same with russians.
In India, cryptos are neither regulated nor irregulated, recently government suspended some of india's Bitcoin exchanges bank accounts too.
I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
I don't think so. The bitcoin was not banned, but it has just handled by two big governments (China and Russia) that is firstly investors of bitcoin. Actually, they have banned the bitcoin because there are many hackers that want to come in bitcoin system. So, the governments handled it until the troublers who made bitcoin risk calms down and turn back to the normal regulation.
No country can ban bitcoin effectively. They would have to possess private key to adresses. Bitcoin is such smart P2P currency that they will not break it. It will survive.
have you all ever question why countries banning bitcoin now?? in my opinion many country now more aware to cryptocurrency because the price is high and it potentially to bring big income for country. so they wanna taxing crypto but they did not find a way. so they banned it.
Actually some countries have find ways how to tax the cryptocurrency user. I believe the US and UK are one of them. BTW, even a country can impose a ban, it doesn't necessarily mean that the people will follow.
have you all ever question why countries banning bitcoin now?? in my opinion many country now more aware to cryptocurrency because the price is high and it potentially to bring big income for country. so they wanna taxing crypto but they did not find a way. so they banned it.
china ico is live on neo platform from 15jan
apex
thekey
and others all is chinese ico
apex
thekey
and others all is chinese ico
These ICO's are from China, come to think of it. China is banning those currency that doesn't originate from them. Thus, only allowing ICO's that was made by their people.
I heard that some countries banned Bitcoin and 2 of them are China and Russia because the goverment think that Bitcoin deals are speculative, and the currency is always risky. But is it correct because there are a lof of Chinese use Bitcoin now?
Could you provide us with sources where have you got this information? To my knowledge they haven't banned them completely but rather are looking into ways to regulate them. In my opinion they know that its not that easy to simply ban cryptocurrency as people will use them anyway. Also I have been reading that some miners are looking to move to Russia which doesn't sound like a ban to me.
china ico is live on neo platform from 15jan
apex
thekey
and others all is chinese ico
apex
thekey
and others all is chinese ico
its fake news
in russia all is ok
in china too
feel free to use crypto there
in russia all is ok
in china too
feel free to use crypto there
No, its not fake news. China did banned the use of crypto, but it doesn't mean people can be stopped accessing their coins. Actually what China did was to banned all the miners and exchanges in their country.
I think china only banned ICO and not the whole cryptocurrency if im not wrong. In the case of russia, there is no news that indicates the ban of cryptocurrency in their country. If that is the case then that would be a huge upset in cryptocurrency since russia is also has bigger contribution in cryptocurrency.
its fake news
in russia all is ok
in china too
feel free to use crypto there
in russia all is ok
in china too
feel free to use crypto there
No, its not fake news. China did banned the use of crypto, but it doesn't mean people can be stopped accessing their coins. Actually what China did was to banned all the miners and exchanges in their country.
its fake news
in russia all is ok
in china too
feel free to use crypto there
in russia all is ok
in china too
feel free to use crypto there
I don't think they are banned I heard they are just regulated in China and Russia
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