Topic: Why in some countries Bitcoin is banned - page 10. (Read 16643 times)

Where do you get that it's used a lot in black markets? I highly doubt that bro, I think most use of it is legitiment.

i think it is not still conform. these are just news spreading in the market but not yet conformed. i think we are just hearing the news in social median i still never hear such kind of news on print median or electronic media.

maybe they need to band bitcoin in their country because they earn money by bitcoin. they get the money they worked for. so maybe the same reason. why do they need to band bitcoin.

ok so i see that only bangladesh has some kind of a statement on WHY they ban bitcoins though 2 other countries are just telling that it is not allowed because people want to do something on their own pretty much

i think that countries might just be afraid of using bitcoins and they think that one day it might replace the fiat what would mean that governments would not have any impact on people

Because bitcoin can also be used to buy drugs, hire to kill someone, buy weapons and many illegal ways to do in deepweb. Like in a country where there is a war they will ban bitcoin because it will be easy for the terrorists to buy weapons.

But I have heard that people in those countries can easily use bitcoin and no one can find that which person in a country is using bitcoin and which one is not, as bitcoin is an anonymous currency, so I think the banns do not matter. we should hav to continue with bitcoin.

True this is  from https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ | Title Top 10 Places Where Bitcoin is Banned

Bangladesh

Bolivia

Ecuador

These are some of the country and their reason why the banned Bitcoin.

some countries consider bitcoi not feasible to use. bitcoin unstable factors as the main reason. a state of fear because it can make a country's economy down.

I think Bitcoin is banned in some countries because of it's nature and bad guy might take advantage of it.  Since Government can't centralize bitcoin, they are afraid that this so called currency maybe use to money laundering schemes.   Central authority like banks are afraid that they might lose their rule over the country's currency system.  Other think that Bitcoin might be use to fund terrorism.  and alot more only the central government know

Yeah it would have a long time before BTC are accepted across the globe, however the majority of the payments are accepting BTC just a little longer and do some campaign in other country would be great if you didn't caught by your actions.  
The answer is you must submit an applications that stating you are an entrepreneur and would like to do some campaign in BTC and explain to them what is BTC.

What are you talking about. Have you heard of this country called Russia? Well they banned Bitcoin and it is illegal to use it in Russia. Banned means banned. Not just, "not recommended".

The deputy chairman of the Duma committee on security and anti-corruption, Andrei Lugovoi said that the decision on whether to ban Bitcoin or not, should be based on academics rather than politicians:
"Russia is currently faced with a choice: what - permissive or prohibitive - the way to go. And the choice has to be made not on the basis of short-term political decisions, and on the basis of a careful analysis of the problem. And it is very important help of the scientific community "in this issue
"Without public cryptocurrency" blokcheyn "does not work. The obvious conclusion - that the ban turnover cryptocurrency can inhibit the development of "blokchain" technologically throw Russia back years "

"At the state level, to determine the technology itself and ban Bitcoin, as it is in Russia is done - it's all sheer nonsense. I can any citizen of our country or the United States to negotiate the sale of their apartments for 10 kisses, and no I will not prohibit the use of this" cryptocurrency "it will definitely be confirmed currency"
- Marinichev said.
According to him, the authorities must do everything to facilitate the development of blokchain technology in Russia, only in this case Russia does not lag behind the advanced countries, and get the proper effect of technology in business.

yeah it's also the reason many countries to ban bitcoin. because if their residents using bitcoin. it could have made their population losses due to fluctuations in it?

Yes it is both risk for government and for people but for people it is not that risk as the price gets high then that can be easy profit for them. But government is scared because people can easily skip taxes and convert black money to white and that can result harm in negative effects.

The time when Russia did that they had big problems, because like China, bitcoin was used to flow money out of the country.
Which is stupid, since they can't regulate bitcoin.

Well, Russia did really ban bitcoins in their country. It's not just that bitcoin is not recommended as a mode of payment but it actually received a law of ban.
However, I heard there were calls for reconsideration about this. I wonder how did this/is this going.

Nahhh, it's not really banned, it's just not recommended as an a mode of payment, because we all know that until now, bitcoin is not legalize by many countries. But not totally banned.

I don't think this is true. Bitcoin market worth is actually very small compared to fiat.
It poses no real threat to (not)modern monetary systems. That's why no serious banks are involved in btc adoption, no real profits for them, maybe because banks reacted to BTC to late maybe because of legal concerns.

Actual reason is just like BitcoinSupremo said, net invisibility. You can exist in some way, off the grid.
Pay your bills or do shopping without generating BIG-DATA. That is why "they" don't like it.
Digital Society with their own currency to live with, with different, modern life approach to laws and justice
is something that may be unacceptable for "status quo", oligarchy/businesses-man/politics.
Bitcoin is just a beginning.

Bitcoin is banned may be due to its volatile nature and also it is not very old currency in few years it will be accepted worldwide according to me

They think that bitcoin is not a money