Pages:
Author

Topic: Which country does NOT use Bitcoin? (Read 6817 times)

sr. member
Activity: 630
Merit: 267
Just follow the rules
July 25, 2016, 09:50:05 PM
i think saudi don't use bitcoin and i don't know why and there are country that banned bitcoin as a cryptocurrency countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency.” Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology. Some countries like Canada and Australia are still deliberating on what to do about Bitcoin, legally. And the many others have already made their decision against digital currency as a whole, and bitcoin, in particular, so here we’ll list the ten places you’ll find the most trouble using bitcoin. Keep in mind not recognizing or supporting the use of bitcoin and banning bitcoin are two different things. This article focuses on those who ban bitcoin legally, or in practice.

here's the link : https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
July 25, 2016, 09:27:01 PM

But I not sure the bitcoin will not working on the countries is banned bitcoin from their region, it's will working fine because there is the internet connection you will always be able to use a bitcoin. during the country ban the connection in their country.

I say that if the use of the Internet is restricted friends, not use bitcoin prohibited. Examples north korea which restrict use of the Internet only for government purposes. Then I think this will make bitcoin can not work there, right? https://en.wikipedia.org/wiki/Internet_in_North_Korea

Yeah it is true some countries have already banned bitcoin.But bitcoin trade there are still smooth, I agree Smiley
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
July 25, 2016, 09:12:59 PM
Country with problems with electricity or internet, many african countries i think and maybe some east countries like Qatar, but i can't be sure about it.

according to an article I read a few countries that banned, and true if the state restricts Internet users to its citizens then the automatic bitcoin can't work. just my opinion

https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/
But I not sure the bitcoin will not working on the countries is banned bitcoin from their region, it's will working fine because there is the internet connection you will always be able to use a bitcoin. during the country ban the connection in their country.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
July 25, 2016, 06:38:36 PM
Country with problems with electricity or internet, many african countries i think and maybe some east countries like Qatar, but i can't be sure about it.

according to an article I read a few countries that banned, and true if the state restricts Internet users to its citizens then the automatic bitcoin can't work. just my opinion

https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/
sr. member
Activity: 434
Merit: 251
July 25, 2016, 06:34:13 PM
Country with problems with electricity or internet, many african countries i think and maybe some east countries like Qatar, but i can't be sure about it.
sr. member
Activity: 420
Merit: 250
July 25, 2016, 03:55:47 PM
I think and I believe, every country in the world has been using Bitcoin even at least by 1 person with a 1 transaction.
Well, maybe not every country because there are still some countries that are not able to get internet access.

I do agreed with you, there few people in every countries are aware in bitcoins. And there only few countires also are totally adopting the system of bitcoins like ausralia,europe,china,and russia. but majority of the countries are not able to get internet access.

The communist countries, except for China, are not very positive towards bitcoin, Which i don't understand.
They will have better control over their people's finances in the blockchain?
hero member
Activity: 1022
Merit: 500
July 25, 2016, 02:17:14 PM
I think and I believe, every country in the world has been using Bitcoin even at least by 1 person with a 1 transaction.
Well, maybe not every country because there are still some countries that are not able to get internet access.

I do agreed with you, there few people in every countries are aware in bitcoins. And there only few countires also are totally adopting the system of bitcoins like ausralia,europe,china,and russia. but majority of the countries are not able to get internet access.
sr. member
Activity: 322
Merit: 250
July 08, 2016, 06:00:58 PM
I was inspired by many topics, Do Arabs use Bitcoin, Can kids have bitcoin, How to motivate girl to have bitcoin etc, I think a real question unanswered until now would be

Which country does NOT use Bitcoin? And I am not talking about countries who have given a ban to Bitcoin, as I know Bitcoin cannot be truly banned. Should we say this country doesn't exist or you might have any ideas.

I think North Korea and Cuba are far from Bitcoin.

I think a more fitting is north korea, because we know there is limited internet. And perhaps only the government could use the internet. In other words, the bitcoin can not walk there, because we know very influential with internet bitcoin. Thank you
full member
Activity: 196
Merit: 100
July 08, 2016, 02:25:29 PM
In my country , the gov still think bitcoin is useless but it doesn't mean bitcoin is illegal here.
We can buy/sell bitcoin normally , but it's just matter of time.
the government cannot destabilize their currency and that si the reason that they are not giving any importance to bitcioin. but they also have given no statement against bitcoin. therefore we cannot say that bitcoin is illegal in our country.
legendary
Activity: 1862
Merit: 1004
July 08, 2016, 09:24:18 AM
In my country , the gov still think bitcoin is useless but it doesn't mean bitcoin is illegal here.
We can buy/sell bitcoin normally , but it's just matter of time.
Yeah we can't blame the government because i think it's because of the illegal transactions that they usually saw like buying illegal drugs,firearms and other stuff. But soon it will change IMO and someday your government will make bitcoin as another currency in your country Smiley.
Yeah, because with FIAT paper money you can't buy drugs, weapons and stuff.

The thing with bitcoin is - even if it is legally banned by government it still can be perfectly fine used by anyone who would like to to so. You can't effectively ban bitcoin anywhere.
And of course. I am not talking about dysfunctional countries torn by war (Syria), poverty and corruption (Somalia) or brutality of the regime (N.Korea). Basically internet=bitcoin.
hero member
Activity: 770
Merit: 500
Bazinga!
July 08, 2016, 09:05:26 AM
In my country , the gov still think bitcoin is useless but it doesn't mean bitcoin is illegal here.
We can buy/sell bitcoin normally , but it's just matter of time.
Yeah we can't blame the government because i think it's because of the illegal transactions that they usually saw like buying illegal drugs,firearms and other stuff. But soon it will change IMO and someday your government will make bitcoin as another currency in your country Smiley.

Its difficult to imagine that Government will start supporting bitcoin and will allow it to be used freely, even if it doesn't gets support from Government I am sure people will continue to use it.

yeah people will obviosly continue using bitcoin regardless of what government says about legality of bitcoin. but the number of users will be low and more importantly "merchants" will not accept bitcoin which will hurt adoption in such country a lot.
hero member
Activity: 952
Merit: 1000
July 08, 2016, 09:02:36 AM
In my country , the gov still think bitcoin is useless but it doesn't mean bitcoin is illegal here.
We can buy/sell bitcoin normally , but it's just matter of time.
Yeah we can't blame the government because i think it's because of the illegal transactions that they usually saw like buying illegal drugs,firearms and other stuff. But soon it will change IMO and someday your government will make bitcoin as another currency in your country Smiley.

Its difficult to imagine that Government will start supporting bitcoin and will allow it to be used freely, even if it doesn't gets support from Government I am sure people will continue to use it.
hero member
Activity: 2590
Merit: 644
July 08, 2016, 08:53:39 AM
In my country , the gov still think bitcoin is useless but it doesn't mean bitcoin is illegal here.
We can buy/sell bitcoin normally , but it's just matter of time.
Yeah we can't blame the government because i think it's because of the illegal transactions that they usually saw like buying illegal drugs,firearms and other stuff. But soon it will change IMO and someday your government will make bitcoin as another currency in your country Smiley.
hero member
Activity: 2912
Merit: 526
Reward: 10M Shen (Approx. 5000 BNB) Bounty
July 08, 2016, 08:38:53 AM
In my country , the gov still think bitcoin is useless but it doesn't mean bitcoin is illegal here.
We can buy/sell bitcoin normally , but it's just matter of time.
legendary
Activity: 1036
Merit: 1002
July 08, 2016, 07:08:10 AM
Well IMO all countries are using bitcoin because even if the government doesn't now someone can use it. Well if you'll ask me a particular place where someone isn't using bitcoin, ill say that antartica are not using bitcoin since there is no internet there I think.
Haha  Grin I totally agree. Even if the governments are using it the citizens of the country might be using it. Bitcoins are made illegal in some of the
countries but still people are using it. Bitcoins are decentralized global currency. It's used around the globe.


Yes you are both right. If the government will set an example by using bitcoins in making their transactions for sure the citizens will be more encourage to use it since their government was also using it. Imagine if bitcoins will be used someday in paying our taxes to the government. ahah That would be awesome right? But I don't think that will be possible since bitcoin are very volative. Its price flactuates every second which will make it hard for the government to account them.
legendary
Activity: 1036
Merit: 1002
July 08, 2016, 07:02:43 AM
As a start i know my country doesnt use bitcoin, its mean there are no store or any people accept bitcoin as a payment, there are only few country in asia that has bitcoin store
Try introducing them to bitcoin and maybe go to school assemblies teaching the audience about bitcoins sooner or later they will start using it this could've been done a few years back and we could've built bitcoin much more strongly in to the world of virtual currency.
What?are you kidding me?they still children and education are more better than know about bitcoin, it's too difficult to can do it.
Maybe, schools will never permit you to introduce for them.
i dont even think that school gonna introduce bitcoin here, because the kids is learning education. not to learning how to make money
because the money thing is the parent's duty to fund their children. so school is a bad idea to start bitcoin knowledge
Yes, this is stupidity no school will teach what Bitcoin is. This is not necessary for them because why kids want to learn about bitcoin. They are going school to learn Education not how to make money. And more important thing is if we teach what Bitcoin kids is they will never understand this. The elder people can take some months to know so how can kids learn this huh.


Well you are right. the school will not teach Bitcoins as for now since bitcoins are not yet widely acceptable in all countries since there are still countries who banned their people from using it. But I think when the time comes that bitcoins are widely used and acceptable, for sure it will be acknowledge and will become part of other subjects. Like for example about financial management, since bitcoin is a currency for sure it might be mentioned during that subject.
legendary
Activity: 1036
Merit: 1002
July 08, 2016, 06:59:07 AM
I was inspired by many topics, Do Arabs use Bitcoin, Can kids have bitcoin, How to motivate girl to have bitcoin etc, I think a real question unanswered until now would be

Which country does NOT use Bitcoin? And I am not talking about countries who have given a ban to Bitcoin, as I know Bitcoin cannot be truly banned. Should we say this country doesn't exist or you might have any ideas.

I think North Korea and Cuba are far from Bitcoin.


Hi BitcoinSupremo I am glad that you have opened this topic so a lot of people will also have the knowledge regarding this. To help you, I made a research regarding the topic that you posted and here is what I found out.Top 10 Places Where Bitcoin is Banned

Bangladesh

In a statement the Central Bank of Bangladesh cited concerns over bitcoin’s lack of “a central payment system” which could lead to people being “financially harmed”. It invoked the provisions of the Foreign Currency Control Act of 1947 and the Money Laundering Control Act of 2012. Then, added that trading in bitcoin and other digital currencies could lead to a punishment of up to 12 years in prison.

“Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto-currency is a punishable offense,” the bank said in an official statement last September.
The ban comes as an enforcement of sections 4,5 and 8 of the 1947 law that regulate trading in foreign currency without authorization or general permission from the central bank. Section 5 severely restricts payments did outside Bangladesh, which affect bitcoin payments.

Bolivia

The central bank of Bolivia, El Banco Central de Bolivia said in a statement:

“It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.”
China

It is a common misconception that bitcoin and digital currency are totally banned and illegal in China, but China has become the world’s largest bitcoin trading market. The bitcoin ban is strictly on banks, as the central banking authority, The People’s Bank of China is owned 70% by the Chinese government. Banking institutions and employees are banned from engaging in bitcoin business through banking, as well as servicing or doing business with the bitcoin industry. Trading or mining in bitcoin is not illegal for common citizens.

Ecuador

The ban by Ecuador makes the most sense of any ban, as they are building a national electronic cash system, so they feel the need to protect their new currency from something clearly superior. A decentralized currency of finite production that cannot be manipulated by governments or banks might dim the lights on their new program in the eyes of the public, which offers none of those benefits.

Iceland

As of March 19, 2014 the Central Bank of Iceland issued a statement explaining the legal status of digital currency in Iceland. Purchasing them may violate the Icelandic Foreign Exchange Act, which specifies that Icelandic currency cannot leave the country. A nebulous designation, but it sounds like it is banned, in effect.

India

Indian BankBTCXIndia was the first bitcoin exchange designed and built in India. While following KYC and AML guidelines, and allowing instant INR (Indian rupee) deposits and withdrawals, BTCXIndia was forced to close by their bank, which no longer services bitcoin businesses. The reasons are unknown, whether it is based on a perceived risk or just a simple ban by management, but the issue is widespread in India.

“We have today been informed by our bank that they will no longer serve bitcoin businesses,” the notice stated. “We have investigated the possibility to operate through other banks, but it seems this is a general policy in India as of today.”
Russia

Even with the recent legal victory in Ural recently, setting a legal precedent to lift the banning of websites related to bitcoin and other digital currencies, bitcoin is banned in practice, if not officially legal yet. With the Russian ruble rebounding, but still down over 30% from January 2014, banks and the national government aren’t looking kindly on those who are investing in other currencies, digital or not.

Gold purchases are frowned upon in Russia, so proceed with caution.

Sweden

Bitcoin has suffered a small banning in the buying and selling of scrap metal and “waste products”. This sets a bad precedent of government interference for the future, but so far the ban is restricted to this industry by all accounts.

Thailand

According to news reports, the Bank of Thailand ruled bitcoin illegal on July 29, 2013. However, it appears “it issued a preliminary ruling that using bitcoins . . . was illegal because of a lack of existing laws” in the case of a currency exchange license application by Bitcoin Co. Ltd.

Bitcoin businesses have been able to conduct business and get licensing, but the ban technically is still there, if not in practice currently.

Vietnam

Back in February of 2014, Vietnam banned the virtual currency bitcoin for use by credit institutions, citing its ease of use for criminal purposes and its high risk for investors.

“Transaction by bitcoin is highly anonymous so bitcoin can become a tool for crimes like money laundering, drug trafficking, tax evasion, illegal payment,” the central bank said in a statement
While not officially banned for personal use but discouraged. This seems to be the most common thread in nation-states throughout the world. Trust the central bank’s currency and do not trust algorithmic currency. If you trust your country’s central bank to look after your economic interests, you’re golden. If not, at least you have a choice. Your central bank’s national currency, or the world’s first global, decentralized, mathematical currency.   

I would like to acknowledge CNN for this.
newbie
Activity: 30
Merit: 0
July 08, 2016, 06:45:00 AM
Well IMO all countries are using bitcoin because even if the government doesn't now someone can use it. Well if you'll ask me a particular place where someone isn't using bitcoin, ill say that antartica are not using bitcoin since there is no internet there I think.
Haha  Grin I totally agree. Even if the governments are using it the citizens of the country might be using it. Bitcoins are made illegal in some of the
countries but still people are using it. Bitcoins are decentralized global currency. It's used around the globe.

If the bitcoin is made illegal in my country, I will not use it. But it is classified by tax authority as property. So I use it.
hero member
Activity: 700
Merit: 500
July 05, 2016, 09:22:52 AM
Well IMO all countries are using bitcoin because even if the government doesn't now someone can use it. Well if you'll ask me a particular place where someone isn't using bitcoin, ill say that antartica are not using bitcoin since there is no internet there I think.
Haha  Grin I totally agree. Even if the governments are using it the citizens of the country might be using it. Bitcoins are made illegal in some of the
countries but still people are using it. Bitcoins are decentralized global currency. It's used around the globe.
hero member
Activity: 518
Merit: 500
July 05, 2016, 07:00:29 AM
I was inspired by many topics, Do Arabs use Bitcoin, Can kids have bitcoin, How to motivate girl to have bitcoin etc, I think a real question unanswered until now would be

Which country does NOT use Bitcoin? And I am not talking about countries who have given a ban to Bitcoin, as I know Bitcoin cannot be truly banned. Should we say this country doesn't exist or you might have any ideas.

I think North Korea and Cuba are far from Bitcoin.
as far as i know. i guess there africa not use bitcoin. In short they have nothing about bitcoin. because there is no internet😃
i'm sure there are using bitcoin in Africa because there is definitely internet network. may be for using bitcoin there is not as easy as in other countries but I am sure there are some among them who may be in this forum.
Pages:
Jump to: