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Topic: What it actually meant by Ban? - page 2. (Read 727 times)

newbie
Activity: 95
Merit: 0
June 16, 2018, 12:30:23 AM
#76
I think Ban has certain legal definition and other sections can be linked with this definition .So in your legal framework ,if there is a punish defined for handing banned material or providing banned services ,it is not easy to detect if someone is using bitcoin for his personal  use or tread anonymously.

The rules depend in your country if they banned bitcoin but still accept payment using bitcoin or proscribe the  used of bitcoin. There is a chance that you may be punished, pay penalty fee or can be sent to jail of you're caught or proven that you used bitcoin when they banned bitcoin in your country. If your country banned bitcoin it is better to follow the rules or suffer the consequence of your actions.
newbie
Activity: 140
Merit: 0
June 16, 2018, 12:21:01 AM
#75
can not understand


Ban means to forbid the use, performance, or distribution of any bitcoin or crytpcurrencies in your country. But this depends to the rules of the law that your country abide since we do have a different legal rules. If your country law says that anyone caught using, selling or trading bitcoin will be sent to jail or will be punish it really depends or they will pay a penalty fee. If ever your country banned bitcoin just follow the rules.
newbie
Activity: 47
Merit: 0
June 16, 2018, 12:05:40 AM
#74
I think for it to be in full state regulation, because every country has different legal rules, but if it is not used for negative things I think it will not happen.

If your country banned the used of bitcoin it means that it prohibits you to trade, sell or exchange your bitcoin. But it usually depends on how the rules imply in your country since every country has a different legal rules. It may send you to jail or being punished if you are caught using or trading bitcoin.
jr. member
Activity: 210
Merit: 1
June 15, 2018, 09:29:28 AM
#73
It depends on what country you're in of course every country has different Regulations. But no one knows you're holding bitcoin maybe you're talking about banned as a payment or your country doesn't recognize bitcoin

Actually if we are talking about ban it is means that something being prohibited to use or totally unaccepted in all means. But this will strongly depends of the laws provided by each areas or countries where we belong. But to tell the truth crypto's existence in our country has everyone freedom to use it properly.
member
Activity: 117
Merit: 10
June 15, 2018, 03:12:58 AM
#72
it actually means that some  governments are not endorcing the usage of bitcoin, but it is just happening on a few countries at the moment, like the US, russia, china.
newbie
Activity: 2
Merit: 0
June 15, 2018, 03:07:48 AM
#71
I think for it to be in full state regulation, because every country has different legal rules, but if it is not used for negative things I think it will not happen.
member
Activity: 700
Merit: 10
June 15, 2018, 03:06:41 AM
#70
I think its hard to identify who own bitcoin right now. Bitcoin owner is anonymous and as far i know government can identify it. Recently SEC issuing announcement that bitcoin is not security and i think owning bitcoin is not a crime
newbie
Activity: 10
Merit: 0
June 15, 2018, 02:14:46 AM
#69
 Smiley :)In this respected we have to look and the legitimate controls is that nation completely .for whatever I can tell is the BTC keep a bitcoin wallet its by and large amazing for any state to character you.im an early supporter of a BTC or any crypto cash on a stock trade and it correspondingly shares saying data with the association of that nation .while having an issue with it for instance the state can not be able to show that its a bitcoin center wallet itself .yet as I saying that the begin we should take a gander at the substance of a true blue direction. On the off chance that you share the law message in English we can in like way assess it yet in the event that you say it as a theory it doesn't look great what I can state . Grin Angry Shocked
jr. member
Activity: 210
Merit: 1
June 15, 2018, 01:42:08 AM
#68
If in your country bitcoin is strictly prohibited and banned for sure theres a punishment to those who disobeyed.We live in different country and we have different rules.So you might go to jail if someone finds you out that you are a bitcoin holder or might just pay and etc.Just be careful in all your actions or you might end up regreting it.
newbie
Activity: 210
Merit: 0
June 15, 2018, 01:25:04 AM
#67
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?

If someone is holding a bitcoin in a banned country, the punishment depends on what rules that country has. When a bitcoin is banned in a country, it doesnt necessarily mean that the holder of it will go to jail if proven, it means a holder cannot use these coins for payment or transaction because they are not allowed to. But if one has a bitcoin, I dont think we need to worry about it even if we are in a country that bans it because our identity is hidden and anonymous.
newbie
Activity: 113
Merit: 0
June 15, 2018, 12:58:36 AM
#66
I think Ban has certain legal definition and other sections can be linked with this definition .So in your legal framework ,if there is a punish defined for handing banned material or providing banned services ,it is not easy to detect if someone is using bitcoin for his personal  use or tread anonymously.
newbie
Activity: 11
Merit: 0
June 14, 2018, 11:39:54 PM
#65
 It's almost impossible for any state to identify you. But if you are holding a BTC or any crypt money on a stock exchange and it also shares your information with the government of that country, you may have a problem with this. For example, the state can not prove that you own the Bitcoin Core wallet
newbie
Activity: 117
Merit: 0
June 11, 2018, 04:38:43 AM
#64
It depends on what country you're in of course every country has different Regulations. But no one knows you're holding bitcoin maybe you're talking about banned as a payment or your country doesn't recognize bitcoin
full member
Activity: 308
Merit: 100
June 11, 2018, 04:29:46 AM
#63
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
A ban is a formal or informal prohibition of something. If your country banned the use of crypto currencies, then you can't make any transactions or exchanges using  cryptos in that country. If you are trying to overcome the law illegally, you have to suffer for that. There may be chance for getting punished or prisoned.
newbie
Activity: 1
Merit: 0
June 11, 2018, 04:06:40 AM
#62
can not understand
full member
Activity: 350
Merit: 100
June 11, 2018, 03:51:09 AM
#61
its back into your policy with your country, maybe they will put you into a jail but maybe you will punish by confiscated your bitcoin and i dont know about it i hope that policy that in your country is not put the holder of bitocin into a jail. or maybe if you hold bitcoin in a forbidden country, you will be fined
legendary
Activity: 2674
Merit: 1048
June 11, 2018, 03:42:17 AM
#60
Can someone be punished or sent to jail just by holding bitcoin in banned country?
This case depends on the decision of a country, if they (government) consider everything about bitcoin is something that is illegal then inevitably bitcoin users in the country must accept the consequences. Bitcoin is indeed freely owned by everyone, but users should be aware of where they live, there is a government that will manage all the life of a person.
What will happen in case of trading bitcoin in country where bitcoin is banned?
In fact, there are some countries that prohibit the use of bitcoin only as a payment system. Some countries allow bitcoin users to trade with their records (the government) does not have the authority to manage and be responsible for any risks to be faced.

sr. member
Activity: 2296
Merit: 315
SOL.BIOKRIPT.COM
June 11, 2018, 03:32:35 AM
#59
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?

I do not think that as you say, every country has different jurisdictions about the prohibition and the type of law. especially on crypto and bitcoin. not true if someone has bitcoin will be in jail if not criminal act.
newbie
Activity: 98
Merit: 0
June 11, 2018, 03:23:49 AM
#58
I think For now 90% of bitcoin must be exchanged to fiat currency in order to finally use it to pay for goods and services. The banning is very effective at the point of exchanging it to fiat currency.

I think if your country banned bitcoin it means there is no way you can have an exchange or any transaction is prohibited like paying of goods and services. In depends on a certain countries that banned bitcoin if the caught you using or trading bitcoin you will be sent in jail. So in my opinion better hold your bitcoin or store it in a hardware wallet then trade it if your country legalize bitcoin.
newbie
Activity: 112
Merit: 0
June 11, 2018, 03:22:16 AM
#57
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
The scope of it depends on country to country.  So you may refer to the legislative group of your country.  Some countries may put into jail for using bitcoin. While  for other countries you only need to pay fines for disobeying the law. So the coverage and the penalities are different per country.
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