Title: Why in some countries Bitcoin is banned Post by: ad2040 on November 15, 2015, 02:30:28 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal .
Title: Re: Why in some countries Bitcoin is banned Post by: unamis76 on November 15, 2015, 02:32:23 PM Don't really get it what exactly are you trying to question, but Bitcoin use is frowned upon on several countries do to it's volatile nature and because it represents a threat to governments... Also, wrong section, this should probably be on Discussion (https://bitcointalk.org/index.php?board=1.0) :)
Title: Re: Why in some countries Bitcoin is banned Post by: LiteCoinGuy on November 15, 2015, 02:44:05 PM where is it banned in your opinion :) ?
Title: Re: Why in some countries Bitcoin is banned Post by: smith coins on November 15, 2015, 02:46:19 PM I have seen a map showing in which countries is legal and illegal to use bitcoin.
I think that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin. And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason. Title: Re: Why in some countries Bitcoin is banned Post by: Amph on November 15, 2015, 02:46:22 PM banning bitcoin is like banning internet, not feasible, keeps using it no matter what crap they say like they put you in jail or stuff like that, the truth is that they cannot do shit
Title: Re: Why in some countries Bitcoin is banned Post by: xuan87 on November 15, 2015, 02:49:59 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . On my country, bitcoin doesn't have law but still illegal so it means that I'm using bitcoin will my own responsibility. I think goverment thinks that bitcoin can't be own since we as user hold it's private key or bitcoin provide anonymous transaction , that's why some countries ban bitcoin Title: Re: Why in some countries Bitcoin is banned Post by: Fityan on November 15, 2015, 02:56:13 PM Maybe some country too afraid that bitcoin will uncontroled,and will replace their currency ;D
Title: Re: Why in some countries Bitcoin is banned Post by: rinhunter on November 15, 2015, 03:01:39 PM to my knowledge, because bitcoin will interfere with fiat and most state that bitcoin smelling illegal goods
Title: Re: Why in some countries Bitcoin is banned Post by: AtheistAKASaneBrain on November 15, 2015, 03:27:30 PM A lot of counties see Bitcoin as the ultimate money laundering tool. If more and more people keep getting aware of its existence, they may all start working for Bitcoin under the table to not report any taxes, but for this more merchants would need to arise.
Title: Re: Why in some countries Bitcoin is banned Post by: ~Bitcoin~ on November 15, 2015, 03:54:58 PM BItcoin works anonymously which create two problems:
1. Bitcoin transaction is untraceble which make it heaven for criminals (as government think). 2. As governement can't track who get funds they can't get tax on those transactions. There may be other reasons too. But no any countries can't stop or shut down bitcoin network so that banned is only on doing exchange of bitcoin to local currency what i know till now. Title: Re: Why in some countries Bitcoin is banned Post by: Shinpako09 on November 15, 2015, 11:08:55 PM Maybe because bitcoin is anonymous. They can use it in illegal work without trace. So I think it will be hard for them to catch those people who are not doing good who doesn't have any trace.
Title: Re: Why in some countries Bitcoin is banned Post by: AncilVTwo on November 15, 2015, 11:58:11 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . ive never really heard of that happening, but if i had to guess maybe cuz the country doesnt want the people to be using a different currency than the native one.Title: Re: Why in some countries Bitcoin is banned Post by: btcnastia on November 16, 2015, 12:35:06 AM In our country BTC blocked because officials can not accept bribes in BTC.
Title: Re: Why in some countries Bitcoin is banned Post by: jerowacik on November 16, 2015, 01:06:54 AM because bitcoin are not clear also coupled with a very sharp fluctuations in bitcoin so some governments forbid it. The country is not ready.
Title: Re: Why in some countries Bitcoin is banned Post by: manselr on November 16, 2015, 01:20:30 AM BItcoin works anonymously which create two problems: 1. Bitcoin transaction is untraceble which make it heaven for criminals (as government think). 2. As governement can't track who get funds they can't get tax on those transactions. There may be other reasons too. But no any countries can't stop or shut down bitcoin network so that banned is only on doing exchange of bitcoin to local currency what i know till now. Even tho its true that no country can effectively ban Bitcoin and nodes will keep existing and the network working, it would be a devastating hit towards mainstream adoption, because the average joe still pays attention to the mainstream media. Title: Re: Why in some countries Bitcoin is banned Post by: Scream on November 16, 2015, 02:37:31 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . im never hear county banned to acces bitcoin website, in my country, my goverment not banned bitcoin for transaction, but the bitcoin isn't legal payment because the bitcoin transaction have more chance to money loundry i think some country banned bitcoin because they are scared if bitcoin change the bank system Title: Re: Why in some countries Bitcoin is banned Post by: Blaze. on November 16, 2015, 02:48:06 AM Bitcoin cannot REALLY be banned, its P2P so they can't shut down one person and expect the whole network to go offline.
Title: Re: Why in some countries Bitcoin is banned Post by: teddy5145 on November 16, 2015, 02:48:47 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . im never hear county banned to acces bitcoin website, in my country, my goverment not banned bitcoin for transaction, but the bitcoin isn't legal payment because the bitcoin transaction have more chance to money loundry i think some country banned bitcoin because they are scared if bitcoin change the bank system In my country Bitcoin isn't banned nor legalized That mean you can use bitcoin for transaction but if you got scammed by it you can't ask government helps ;) Title: Re: Why in some countries Bitcoin is banned Post by: ranochigo on November 16, 2015, 02:52:08 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . im never hear county banned to acces bitcoin website, in my country, my goverment not banned bitcoin for transaction, but the bitcoin isn't legal payment because the bitcoin transaction have more chance to money loundry i think some country banned bitcoin because they are scared if bitcoin change the bank system Title: Re: Why in some countries Bitcoin is banned Post by: zidane on November 16, 2015, 03:07:14 AM but lately not a few countries to learn more about bitcoin
probably only a matter of time Title: Re: Why in some countries Bitcoin is banned Post by: Scream on November 16, 2015, 03:25:07 AM In my country Bitcoin isn't banned nor legalized That mean you can use bitcoin for transaction but if you got scammed by it you can't ask government helps ;) [/quote] thank's for your reply friend, wow rusia will do it ? it's like at my country not legalized In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least. and im sure chinese goverment never plan to do it Title: Re: Why in some countries Bitcoin is banned Post by: ranochigo on November 16, 2015, 03:28:46 AM In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least. and im sure chinese goverment never plan to do it They don't block the exchanges though. Title: Re: Why in some countries Bitcoin is banned Post by: Scream on November 16, 2015, 03:33:16 AM In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least. and im sure chinese goverment never plan to do it They don't block the exchanges though. try it http://www.greatfirewallofchina.org/index.php?siteurl=bitcoin.com http://www.greatfirewallofchina.org/index.php?siteurl=forum.bitcoin.com Title: Re: Why in some countries Bitcoin is banned Post by: Possum577 on November 16, 2015, 03:54:53 AM So based on all the comments thus far, no country actually has banned Bitcoin.
So I did some research and found a Wikipedia page on the topic: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country The countries (that I found) that consider some element of Bitcoin illegal are:
Most countries have declared they don't have plans to regulate it or they don't see it as currency so it doesn't qualify under currency laws. The latter is perfect - don't consider it currency, stay out of our way! Title: Re: Why in some countries Bitcoin is banned Post by: Kakmakr on November 16, 2015, 05:37:20 AM You could live in a country where Bitcoin is banned, but you might plan a vacation in another country, where Bitcoin is not banned. So you earn Bitcoin online and then visit another country and have a lovely vacation on Bitcoin. Bitcoin is border-less and you can take as much as you like. Enjoy your holiday. ^Hmf^
Title: Re: Why in some countries Bitcoin is banned Post by: yenxz on November 16, 2015, 07:54:28 AM some country afraid about bitcoin uncontrolled and decentralized..
Title: Re: Why in some countries Bitcoin is banned Post by: n2004al on November 16, 2015, 09:34:06 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . It is very simple to understand. In the countries when bitcoin is banned, mostly is made because the Authorities have fear from it. Bitcoin can be a risk for the economy of one country. He must replace the national currency of one country and put in risk, in this way, the overall economy of that country. The national money will be no longer more used or used very few. This mean that the most of national money will be out of the national economic system and the national financial ones. The people will use bitcoin instead of the national money. If regulated and legalized mean that that country will have mostly in use a money out of its control. Bitcoin is decentralized and no owned by no one. And cannot be centralized and owned by someone. No possibility to manage such kind of money. Then needed big amounts to send ahead and manage the economy. Needed to be bought but there are not never enough. Leave apart in this case the increase of its price as a consequence of the new big demand come from one country. All this situation have only one end: crisis. Normally bitcoin is banned by wreaks or in risk economies and regulated by the strong ones. Like has made Russia which has banned it and USA which has regulated it. Title: Re: Why in some countries Bitcoin is banned Post by: Blue_Tiger73 on November 16, 2015, 09:41:00 AM Every countries governments has the right to ban Bitcoin, they are allowed to do what they want, they are the government. I guess some of the governments don't really like the idea of Bitcoin so they just ban it, and they have every right to. People have their own opinions about Bitcoin, most people like it and others don't.
Title: Re: Why in some countries Bitcoin is banned Post by: LiteCoinGuy on November 16, 2015, 09:41:43 AM Title: Re: Why in some countries Bitcoin is banned Post by: CoinsRoyal on November 16, 2015, 09:41:52 AM I think it's banned in some countries because the government can't have any control over it like they do with banks
It's just a guess don't know for sure Title: Re: Why in some countries Bitcoin is banned Post by: disclaimer201 on November 16, 2015, 10:39:22 AM In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least. and im sure chinese goverment never plan to do it They don't block the exchanges though. try it http://www.greatfirewallofchina.org/index.php?siteurl=bitcoin.com http://www.greatfirewallofchina.org/index.php?siteurl=forum.bitcoin.com You are asking why China bans bitcointalk.org? Very simple, anyone can exchange ideas freely on here. They fear freedom of information more than anything because they do not trust their own population. They are total control freaks worried their one billion people will run amok if they find out every person in this world has a right to be a free individual making up their own mind about society, world events and their existence. You could talk about revolutions, censorship, critizise authoritarian (totalitarian) governments and even conspire against them. A marketplace of ideas is most likely perceived to be the biggest threat, much greater than Bitcoin ever will be. Title: Re: Why in some countries Bitcoin is banned Post by: Mickeyb on November 16, 2015, 11:33:16 AM The answer is quite simple. Some countries are run by clueless bunch of idiots that don't see any further in the future than their nose. Because of this, they will be run over by the progress, by the technology and everything that this technology has to offer, and it has a lot to offer, that's a sure thing!
Title: Re: Why in some countries Bitcoin is banned Post by: mayax on November 16, 2015, 12:52:15 PM Because the financial institutions are regulated. A regulated institution like a payment processor/bank must be able to trace the money they get according to AML.
If all the BTC exchange companies would be regulated, then BTC value would be like zero. Why? Take a look to Coinbase. They are(or trying) tracing your Bitcoin funds back to source. They require a lot of papers. Why? Because the law requires these things and Coinbase being regulated, they must comply with that. They must do due diligence, AML, KYC etc. They must be sure that the money they get are "clean". Imagine that all the exchange companies will do the same. There will be almost no black market, no ponzi schemes, so NO Bitcoin. Because the Bitcoin is backed 90% by these ones. That's why many countries banned Bitcoin.It is not regulated, the exchangers are not financial licensed and more than that, it's tied to illegal activities (over 90%). Title: Re: Why in some countries Bitcoin is banned Post by: faridkifly on November 17, 2015, 01:31:49 AM what?what country is that?
in my country bitcoin is legal but has not been uncommon for use and not many people know bitcoin Title: Re: Why in some countries Bitcoin is banned Post by: sartorpc on November 17, 2015, 01:37:37 AM Really insightfull picture, im going to show this to my friends, but what is the meaning of unknown? they dont permit or say it is illegal at all, just like a legal void? Title: Re: Why in some countries Bitcoin is banned Post by: gkv9 on November 17, 2015, 02:09:36 PM The countries considering illegality of Bitcoins are just wasting their time and losing opportunity on the world's biggest revolution ever created before...
No matter whether they allow it or not, everyone's going to use it at any cost, because it is legal in our hearts... ;) Love ya Bitcoins... :) Title: Re: Why in some countries Bitcoin is banned Post by: harizen on November 17, 2015, 02:21:18 PM Some countries banned bitcoin because of its bad image and use in dark usage and secondly people from that country preferred fiat over virtual currency.
No worries, if most of the countries will truly accepts bitcoin and become worldwide usage, those countries that banned bitcoin will do the same too. Title: Re: Why in some countries Bitcoin is banned Post by: Bitcoinpro on November 17, 2015, 02:30:53 PM In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least. and im sure chinese goverment never plan to do it They don't block the exchanges though. try it http://www.greatfirewallofchina.org/index.php?siteurl=bitcoin.com http://www.greatfirewallofchina.org/index.php?siteurl=forum.bitcoin.com Well the Australian Bitcoin Group clearly states it is operating mining hardware in China, this is clearly turning into a raquet i will be requesting that the ASIC blocks the December IPO if this mining equipment isnt moved out of China Title: Re: Why in some countries Bitcoin is banned Post by: BTCBinary on November 17, 2015, 02:34:58 PM Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money
Title: Re: Why in some countries Bitcoin is banned Post by: bitcoin-hunter on November 17, 2015, 03:06:48 PM Per example you can buy illegal stuff.
That is why is banned for some countries. Title: Re: Why in some countries Bitcoin is banned Post by: kostya.ash on November 17, 2015, 03:12:39 PM yeah i don't know why some country ilegally bitcoin?
including my country, they mentioned that bitcoin is money illegally Title: Re: Why in some countries Bitcoin is banned Post by: bank of bits on November 17, 2015, 03:15:16 PM Per example you can buy illegal stuff. The reason does not make sense, because we can buy illegal goods with dollars?That is why is banned for some countries. Title: Re: Why in some countries Bitcoin is banned Post by: afriezalie on November 17, 2015, 03:16:15 PM Because bitcoin is decentralized, so government can't control bitcoin users in their own country. There are many criminals use bitcoin for their alternative way and government can't even find him.
The other thing is government is afraid of bitcoin because in one day bitcoin can replace FIAT as alternative currency. Title: Re: Why in some countries Bitcoin is banned Post by: Mickeyb on November 17, 2015, 03:26:04 PM what?what country is that? in my country bitcoin is legal but has not been uncommon for use and not many people know bitcoin There were rumors that Taiwan has banned Bitcoin. Yesterday, regulators of this country have denied this! Of course they haven't said will they ban it in the future! I think that no country in the world has banned Bitcoin officially until now! Title: Re: Why in some countries Bitcoin is banned Post by: ultimatesky on November 17, 2015, 03:27:44 PM Because the goverment doesn't have any control over bitcoin
They don't accept it as actual money because it's virtual money which you can't hold on to Title: Re: Why in some countries Bitcoin is banned Post by: aakashsangwan on November 17, 2015, 03:28:29 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . I think, because the government cannot regulate and control it and they are technically orthodox.Also in the recent past there were many incidents where bitcoin was used illegally like in madison hack, silk road and many more.After some years i think those government will start trusting bitcoin and other blockchain currencies.Title: Re: Why in some countries Bitcoin is banned Post by: Amph on November 17, 2015, 04:09:30 PM Because the goverment doesn't have any control over bitcoin They don't accept it as actual money because it's virtual money which you can't hold on to they have still a reason tot ax it instead of banning, it and retrieve some possible money so why they are banning it? there is no real gain in banning in comparison to accepting it Title: Re: Why in some countries Bitcoin is banned Post by: eddie13 on November 17, 2015, 04:15:37 PM They are afraid of the competition..
Title: Re: Why in some countries Bitcoin is banned Post by: richardsNY on November 17, 2015, 04:20:00 PM They are afraid of the competition.. It's not really the competition they are affraid of. They don't want people to have the freedom to spend their coins on anything they want. Beside that, Bitcoin is also feared by certain countries because it makes it easy for people to get money out of their country to another country where they think it's safer. Countries that ban Bitcoin are affraid of freedom. That's it. Title: Re: Why in some countries Bitcoin is banned Post by: harizen on November 17, 2015, 04:24:06 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . I think, because the government cannot regulate and control it and they are technically orthodox.Also in the recent past there were many incidents where bitcoin was used illegally like in madison hack, silk road and many more.After some years i think those government will start trusting bitcoin and other blockchain currencies.Here in my country, bitcoin is not yet regulated by our Central Bank but we are freely to use bitcoin here. Main reason is that they are still conducting a research about those illegal activities that can be brought by bitcoin if ever it will regulated. Anyways, even they have a solution for that problem, still if majority of other country will still not regulated bitcoin in their local banks, our country I think will do the same. Title: Re: Why in some countries Bitcoin is banned Post by: Dr.Osh on November 17, 2015, 04:33:00 PM perhaps because of the many errors in using bitcoin. maybe in the country so many use bitcoin illegally causing bitcoin be forbidden in the country
Title: Re: Why in some countries Bitcoin is banned Post by: jc01480 on November 17, 2015, 05:10:54 PM The government will let you know what is safe for you. No need for independent thought. ;)
Title: Re: Why in some countries Bitcoin is banned Post by: oblivi on November 17, 2015, 06:29:49 PM They are afraid of the competition.. It's not really the competition they are affraid of. They don't want people to have the freedom to spend their coins on anything they want. Beside that, Bitcoin is also feared by certain countries because it makes it easy for people to get money out of their country to another country where they think it's safer. Countries that ban Bitcoin are affraid of freedom. That's it. They are affraid of money laundering and basically lack of control of the monetary dynamics. Honestly I understand it, if I was the goverment I would be pretty pissed off too at the fact there is a tool now that basically allows for a completely independent economy that is not part of the GBP. Title: Re: Why in some countries Bitcoin is banned Post by: Betwrong on November 17, 2015, 06:58:43 PM They are afraid of the competition.. It's not really the competition they are affraid of. They don't want people to have the freedom to spend their coins on anything they want. Beside that, Bitcoin is also feared by certain countries because it makes it easy for people to get money out of their country to another country where they think it's safer. Countries that ban Bitcoin are affraid of freedom. That's it. They are affraid of money laundering and basically lack of control of the monetary dynamics. Honestly I understand it, if I was the goverment I would be pretty pissed off too at the fact there is a tool now that basically allows for a completely independent economy that is not part of the GBP. I absolutely agree with this approach to the problem. If we consider the enemies of Bitcoin as our enemies then to defeat them we should try to understand them. Title: Re: Why in some countries Bitcoin is banned Post by: nerFohanzo on November 17, 2015, 07:37:22 PM Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money Yeah, the main issue bitcoin is facing is that it is not getting support from the Governments of the respective countries, As Governments knows that bitcoins can demolish the existence of fiat and banking systems and bitcoin is decentralised and Government don't have any control over the functioning of bitcoins So they don't wish to stand in support of bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: JeWay on November 17, 2015, 08:26:32 PM Because the government afraid of the Power of Bitcoin
Title: Re: Why in some countries Bitcoin is banned Post by: LuckyYOU on November 17, 2015, 08:31:00 PM Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money For Russia this is true, but I think a lot of companies just don't understand the concept of bitcoin and thus hearing it as a criminal currency making them afraid and just ban it. Title: Re: Why in some countries Bitcoin is banned Post by: kostya.ash on November 18, 2015, 12:36:38 AM Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money For Russia this is true, but I think a lot of companies just don't understand the concept of bitcoin and thus hearing it as a criminal currency making them afraid and just ban it. image of bitcoin is bad, how to keep the image of bitcoin could be improved? Title: Re: Why in some countries Bitcoin is banned Post by: BeGoods on November 18, 2015, 12:41:55 AM In Canada and America, we are greatly facilitated in using bitcoin,
unlike china, they banned bitcoin Title: Re: Why in some countries Bitcoin is banned Post by: mayax on November 18, 2015, 01:05:14 AM Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money For Russia this is true, but I think a lot of companies just don't understand the concept of bitcoin and thus hearing it as a criminal currency making them afraid and just ban it. image of bitcoin is bad, how to keep the image of bitcoin could be improved? by not using it :) These days, Bitcoin is called a "way for funding terrorist". You will see many banks who will close all the acc. realated with Bitcoin. Title: Re: Why in some countries Bitcoin is banned Post by: d5000 on November 18, 2015, 04:09:14 AM I can tell you the reasons in Bolivia, where the Central Bank banned it, but the ban seems not enforced in any way. To my knowledge, there are even bitcoin businesses in some Bolivian cities, maybe they even lifted the ban now.
The Central Bank in Bolivia feared that people could engage more easily in capital flight and so desestabilize the value of the own currency. Well, the Boliviano is a weak currency (although with a relatively stable rate to other world currencies, compared, for example, with Argentina's notoriously devaluating Peso) because of the small size of the Bolivian economy, so the fear is understandable. But I don't think Bitcoin will have any significant effect on the Boliviano's stability. They simply overreacted. Title: Re: Why in some countries Bitcoin is banned Post by: xdrpx on November 18, 2015, 05:08:28 AM This could be because the Government and the banks fear about their secret scam of minting money being revealed and Bitcoin taking over it. Also, maybe cause they worry of how bitcoin doesn't really provide a centralized control to be able to regulate it and monitor peoples transactions like they can do in a bank.
Title: Re: Why in some countries Bitcoin is banned Post by: Harry Hood on November 18, 2015, 06:38:44 AM In Canada and America, we are greatly facilitated in using bitcoin, unlike china, they banned bitcoin China has not banned bitcoin. Please check your facts! And the image below is cool but I'm skeptical that Iceland is "hostile" toward bitcoin, especially since there's a ton of mining going on out there. Title: Re: Why in some countries Bitcoin is banned Post by: RealPhotoshoper on November 18, 2015, 10:34:57 AM here some thought,the reasons why run the gamut, from fear and ignorance, to protectionism of their national currency, to building a new currency in bitcoin's image. The list, in general, is not much above ten, but that is subject to change, as many countries have not made an official decision for or against bitcoin. Some are banned by the country's Central Banking system, some are banned by the nation's government, and in many countries the Central Bank and national government act as one and the same.
Title: Re: Why in some countries Bitcoin is banned Post by: LarryHocks on November 18, 2015, 10:59:10 AM They don't have control over bitcoin and they wanna protect their own currency
In some countries they don't encourage you to use bitcoin but it's not illegal Title: Re: Why in some countries Bitcoin is banned Post by: peta4e on November 18, 2015, 11:04:55 AM In my country they are ignorant as usual but clearly stated that they ask for tax on bitcoin deals. They do not mentioned litecoin or cryptocurrencies in general in the regulator's texts, only bitcoin : )
Title: Re: Why in some countries Bitcoin is banned Post by: teddy5145 on November 18, 2015, 11:13:33 AM In my country Bitcoin isn't banned nor legalized That mean you can use bitcoin for transaction but if you got scammed by it you can't ask government helps ;) thank's for your reply friend, wow rusia will do it ? it's like at my country not legalized But hopefully they won't illegalize bitcoin there because as far as i know BTC community there is pretty huge and illegalizing it will make a pretty big hit to the Bitcoin :( Title: Re: Why in some countries Bitcoin is banned Post by: wich on November 18, 2015, 11:20:21 AM But anyway I think that all countries are using Bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: Jeremycoin on November 18, 2015, 11:20:51 AM Bitcoin cannot REALLY be banned, its P2P so they can't shut down one person and expect the whole network to go offline. Yeah, that's totally true. "Banning" Bitcoin is just like Banning the internet, which means no one would do that.Title: Re: Why in some countries Bitcoin is banned Post by: TTMNewsMJ on November 18, 2015, 11:26:53 AM In our country they don't what bitcoin is.
Maybe there's a reason that they banned the bitcoin in some countries because they only want to use their own currency. Title: Re: Why in some countries Bitcoin is banned Post by: foxkyu on November 18, 2015, 11:31:30 AM In my country bitcoin and other virtual currencies is not legal also it's not specific say it was illegal.
Because in my country only one payment method can be accepted, which is my local currency. And the people are urged to exercise caution towards bitcoin and other virtual currencies. All risks regarding ownership or use of bitcoin are borne by the owner or user of bitcoin and other virtual currencies Title: Re: Why in some countries Bitcoin is banned Post by: kotwica666 on November 18, 2015, 12:24:10 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . In few countries Bitcoin is banned. Mostly the reason is the fear of government before that they could not control him, or just lobbying banks. Title: Re: Why in some countries Bitcoin is banned Post by: neochiny on November 18, 2015, 01:56:00 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . it is simple. some countries see bitcoin as a threat to their economy thus banning it is the only option to lessen the threat they see. Title: Re: Why in some countries Bitcoin is banned Post by: RobinHoodster on November 18, 2015, 06:41:50 PM Economy threat. But also for illegals things.
But I think they ban the most because the goverment don't know how to use it or they just don't want that. Title: Re: Why in some countries Bitcoin is banned Post by: AtheistAKASaneBrain on November 18, 2015, 11:43:26 PM In Canada and America, we are greatly facilitated in using bitcoin, unlike china, they banned bitcoin China has not banned bitcoin. Please check your facts! And the image below is cool but I'm skeptical that Iceland is "hostile" toward bitcoin, especially since there's a ton of mining going on out there. Im not sure how many years we can keep that map looking that green. Our interests will eventually collide. You can keep pretending that Bitcoin and banks can coexist but I think eventually there will be a conflict of interests and either we make a tradeoff or they will have to, then we'll see what's really up. To get up to that point it may take a lot of years tho. Title: Re: Why in some countries Bitcoin is banned Post by: mayax on November 19, 2015, 01:04:26 AM Bitcoin cannot REALLY be banned, its P2P so they can't shut down one person and expect the whole network to go offline. Yeah, that's totally true. "Banning" Bitcoin is just like Banning the internet, which means no one would do that.They won't ban Bitcoin. They will ban the services who accept/trade BTC. They can ban the exchangers or they can request the exchangers to have financial licenses which is a must, IMO. Also, a financial license is almost equivalent to a ban because only few companies can afford to comply with all the financial laws and to have a lot of money to sustain a licensed company. Title: Re: Why in some countries Bitcoin is banned Post by: BillyBobZorton on November 19, 2015, 01:30:32 AM Governments will keep pushing their agendas to remove cash and as it has been said Bitcoin will bring competition to their centralized e-fiat so they will want to ban it too.
Title: Re: Why in some countries Bitcoin is banned Post by: kostya.ash on November 19, 2015, 03:53:33 AM Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money For Russia this is true, but I think a lot of companies just don't understand the concept of bitcoin and thus hearing it as a criminal currency making them afraid and just ban it. image of bitcoin is bad, how to keep the image of bitcoin could be improved? by not using it :) These days, Bitcoin is called a "way for funding terrorist". You will see many banks who will close all the acc. realated with Bitcoin. yeah bitcoin properties are anonymous, it is very easy to use for a crime, such as terrorism financing, as well as money laundering, it appropriate countries prohibit bitcoin? Title: Re: Why in some countries Bitcoin is banned Post by: magemist on November 19, 2015, 03:59:55 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now.
Title: Re: Why in some countries Bitcoin is banned Post by: ajun96 on November 19, 2015, 04:14:57 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . In few countries Bitcoin is banned. Mostly the reason is the fear of government before that they could not control him, or just lobbying banks. Title: Re: Why in some countries Bitcoin is banned Post by: Ninjaskills on November 19, 2015, 04:17:37 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. yeah bitcoin could be used to fund terrorists,and highly confidential, whoever that fund terrorists ? Title: Re: Why in some countries Bitcoin is banned Post by: magemist on November 19, 2015, 04:27:33 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. yeah bitcoin could be used to fund terrorists,and highly confidential, whoever that fund terrorists ? Title: Re: Why in some countries Bitcoin is banned Post by: Harry Hood on November 19, 2015, 04:39:35 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. It'll be easy to explain away - bitcoin is akin to cash and the US Dollar is used to pay for many crimes around the world, certainly terrorism. But no one is calling for the US Dollar to be banned. Title: Re: Why in some countries Bitcoin is banned Post by: Amph on November 19, 2015, 08:48:38 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it Title: Re: Why in some countries Bitcoin is banned Post by: Mickeyb on November 19, 2015, 11:08:54 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it It is BS news!! https://np.reddit.com/r/btc/comments/3t60z8/isis_bitcoin_wallet_with_3_millions_usd/cx3k9oq https://np.reddit.com/r/bestof/comments/3t86at/uzooko2_debunks_the_news_that_isis_is_using/ https://www.reddit.com/r/Bitcoin/comments/3t7mba/lewis_sanders_iv_reporter_w_dw_news_deutsche/ Title: Re: Why in some countries Bitcoin is banned Post by: JeWay on November 19, 2015, 11:26:55 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it Yeah that's make sense, governments don't have power to Ban Bitcoin so they ask some help to the media. Title: Re: Why in some countries Bitcoin is banned Post by: PAKYU on November 19, 2015, 12:12:20 PM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it Yeah that's make sense, governments don't have power to Ban Bitcoin so they ask some help to the media. yet another conspiration theory come out. government and media have no power to ban bitcoin. so keep quiet and hold your coins. Title: Re: Why in some countries Bitcoin is banned Post by: Slark on November 19, 2015, 01:12:19 PM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it Yeah that's make sense, governments don't have power to Ban Bitcoin so they ask some help to the media. But don't forget about satellite bitcoin services which can be pretty much destroyed by governments regulations. Title: Re: Why in some countries Bitcoin is banned Post by: electronicfactura on November 19, 2015, 01:21:51 PM Governments are afraid and can not make everything transparent as they have to do lot of things under the table and Bitcoin is light in darkness which on blockchain shows everything clear and wide.Transparency of spending funds is what makes the governments afraid and they are banning and banned Bitcoin in some countries.
Title: Re: Why in some countries Bitcoin is banned Post by: Slark on November 19, 2015, 01:30:27 PM Governments are afraid and can not make everything transparent as they have to do lot of things under the table and Bitcoin is light in darkness which on blockchain shows everything clear and wide.Transparency of spending funds is what makes the governments afraid and they are banning and banned Bitcoin in some countries. This argument would be true only true if bitcoin network was meant to use by governments. Then of course - transparency of their own transaction could be scary and bitcoin will be ban worthy.But it is people who are using bitcoin, so this is not the case imo. Title: Re: Why in some countries Bitcoin is banned Post by: makcik on November 19, 2015, 02:18:23 PM Bitcoins have excellent privacy system, so no one can even trace your transactuons. And this is the reason its used for illegal purposes. It's used for crime, it's used for gambling, porn industries.
And countries which are against all these things have banned bitcoins so that illegal things don't happen in country. The fault here is of these people who use it wrongly. But, common people are the sufferers. Title: Re: Why in some countries Bitcoin is banned Post by: Ninjaskills on November 21, 2015, 05:25:10 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. yeah bitcoin could be used to fund terrorists,and highly confidential, whoever that fund terrorists ? it can be good and can be bad, depending on who is using Title: Re: Why in some countries Bitcoin is banned Post by: BeGoods on November 21, 2015, 05:29:56 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it It is BS news!! https://np.reddit.com/r/btc/comments/3t60z8/isis_bitcoin_wallet_with_3_millions_usd/cx3k9oq https://np.reddit.com/r/bestof/comments/3t86at/uzooko2_debunks_the_news_that_isis_is_using/ https://www.reddit.com/r/Bitcoin/comments/3t7mba/lewis_sanders_iv_reporter_w_dw_news_deutsche/ Title: Re: Why in some countries Bitcoin is banned Post by: ajun96 on November 21, 2015, 05:33:08 AM I think it is because bitcoin is harder to track and hence represents two main problems for any country: 1. Tax evasion (which I do not think is wrong, but for our countries certainly it is) and 2. It potentially being used by criminals and to buy illegal stuff (drugs, human body-parts, etc.). It also represents a threat to any local currency and governments of course do not want that. yeah bad picture of bitcoin, money laundering, tax evasion, and the threat to a country's currencyWhat could, in the future of bitcoin legalized? Title: Re: Why in some countries Bitcoin is banned Post by: YoonYeonghwa on November 21, 2015, 07:16:28 AM With recent news of Isis having a wallet with over $3 million worth of bitcoins that doesn't help it's matter any to not get banned in more countries now. Especially in European countries as of now. probably fake news, there is no proof of the wallet, and anyway you can't link it to the terrorist, to be honest i believe that the reason behind this is that the governments are just trying to find an excuse to ban bitcoin because they cannot fight it It is BS news!! https://np.reddit.com/r/btc/comments/3t60z8/isis_bitcoin_wallet_with_3_millions_usd/cx3k9oq https://np.reddit.com/r/bestof/comments/3t86at/uzooko2_debunks_the_news_that_isis_is_using/ https://www.reddit.com/r/Bitcoin/comments/3t7mba/lewis_sanders_iv_reporter_w_dw_news_deutsche/ Title: Re: Why in some countries Bitcoin is banned Post by: marty123 on November 21, 2015, 10:21:35 AM Bitcoin is there to disrupt the pattern of how an economy works in a country and many of the countries are just too scared that they wont be able to make the black money minting that they currently do. Many high government officials are the biggest crooks in the world. In the wise words of Aesop " We hang the petty thieves and appoint the great ones to public office." Bitcoin is here to disrupt how money is used in a country and the world economy and these crooks are just scared.
Title: Re: Why in some countries Bitcoin is banned Post by: Surge_PR on November 21, 2015, 10:38:43 AM Bitcoin is hard to regulate thats what countries fear. They want control.
Title: Re: Why in some countries Bitcoin is banned Post by: LiteCoinGuy on November 21, 2015, 10:43:32 AM Really insightfull picture, im going to show this to my friends, but what is the meaning of unknown? they dont permit or say it is illegal at all, just like a legal void? they dont give a shit about it and dont know about it. ut the pic a little bit old (from 2014). countries like argentina already made some statements. ;) Title: Re: Why in some countries Bitcoin is banned Post by: iv4n on November 21, 2015, 11:03:23 AM As I see it many legal authorities are still struggling to understand the cryptocurrency. They have concerns about bitcoin and probably its hard for them to understand how the cryptocurrency fits into existing system. Some of countries als trying the way how to contol it. So answer on your question depends from country to country. We are still early on in the game, and in some time , after many ups and downs, bitcoin will be accepted everywhere.
Title: Re: Why in some countries Bitcoin is banned Post by: DiamondCardz on November 21, 2015, 11:07:19 AM Simply because it poses a threat to the currency issued by the government and may, in their eyes, undermine it. It's banned for the exact same reasons as the Liberty Dollar was banned (though arguably the Liberty Dollar did impersonate USD a bit). Yes, it's wrong and a massive violation of freedom to ban Bitcoin, but yes, it still happens.
Title: Re: Why in some countries Bitcoin is banned Post by: Patatas on November 21, 2015, 11:08:50 AM I think every country has their own economical reasons for the ban .Ranging from economical standards to general politics and how they influence the financial market of their nations has a greater impact .Its banned in countries like India /Pakistan because their govermnet is not supportive of them using technology to such a level as most of the population is not exposed to it .However they have given freedom for whoever wants to use it they still can.
Title: Re: Why in some countries Bitcoin is banned Post by: Scream on November 21, 2015, 11:10:58 AM Bitcoin is hard to regulate thats what countries fear. They want control. goverment try to control it with "bad news" and "good news" this is realityshow,, like a war Bitcoin VS Goverment Title: Re: Why in some countries Bitcoin is banned Post by: DiamondCardz on November 21, 2015, 11:12:44 AM I think every country has their own economical reasons for the ban .Ranging from economical standards to general politics and how they influence the financial market of their nations has a greater impact .Its banned in countries like India /Pakistan because their govermnet is not supportive of them using technology to such a level as most of the population is not exposed to it .However they have given freedom for whoever wants to use it they still can. Well, countries like Kyrgyzstan and Vietnam have explicitly banned Bitcoin but it seems that the countries that have explicitly done so also always seem to have very shitty, corrupted governments. I don't think we'll see a Bitcoin ban in a country like the US or the UK, even though we don't exactly have perfect governments arguably. Title: Re: Why in some countries Bitcoin is banned Post by: Slark on November 21, 2015, 11:14:26 AM Simply because it poses a threat to the currency issued by the government and may, in their eyes, undermine it. It's banned for the exact same reasons as the Liberty Dollar was banned (though arguably the Liberty Dollar did impersonate USD a bit). Yes, it's wrong and a massive violation of freedom to ban Bitcoin, but yes, it still happens. Liberty Dollars started as a commercial venture to establish an alternative US currency, including physical banknotes and coins, backed by precious metals. This, in and of itself, is not illegal. They were prosecuted under counterfeiting laws because the silver coins allegedly resembled US currency. Bitcoins do not resemble the currency of the US or of any other nation in any way, shape, or form. The word "dollar" is not attached to them in any way. The "$" symbol is not used in any way. More at:https://en.bitcoin.it/wiki/Myths#Bitcoins_will_be_shut_down_by_the_government_just_like_Liberty_Dollars_were (https://en.bitcoin.it/wiki/Myths#Bitcoins_will_be_shut_down_by_the_government_just_like_Liberty_Dollars_were) Title: Re: Why in some countries Bitcoin is banned Post by: DiamondCardz on November 21, 2015, 11:16:15 AM Simply because it poses a threat to the currency issued by the government and may, in their eyes, undermine it. It's banned for the exact same reasons as the Liberty Dollar was banned (though arguably the Liberty Dollar did impersonate USD a bit). Yes, it's wrong and a massive violation of freedom to ban Bitcoin, but yes, it still happens. Liberty Dollars started as a commercial venture to establish an alternative US currency, including physical banknotes and coins, backed by precious metals. This, in and of itself, is not illegal. They were prosecuted under counterfeiting laws because the silver coins allegedly resembled US currency. Correct. I did acknowledge this a bit. It's important to note that there are quite a few countries that HAVE banned Bitcoin already though. Bitcoins do not resemble the currency of the US or of any other nation in any way, shape, or form. The word "dollar" is not attached to them in any way. The "$" symbol is not used in any way. While I don't think the US will ban Bitcoin, this hasn't stopped other countries from doing so. Title: Re: Why in some countries Bitcoin is banned Post by: Patatas on November 21, 2015, 11:43:01 AM I think every country has their own economical reasons for the ban .Ranging from economical standards to general politics and how they influence the financial market of their nations has a greater impact .Its banned in countries like India /Pakistan because their govermnet is not supportive of them using technology to such a level as most of the population is not exposed to it .However they have given freedom for whoever wants to use it they still can. Well, countries like Kyrgyzstan and Vietnam have explicitly banned Bitcoin but it seems that the countries that have explicitly done so also always seem to have very shitty, corrupted governments. I don't think we'll see a Bitcoin ban in a country like the US or the UK, even though we don't exactly have perfect governments arguably. Title: Re: Why in some countries Bitcoin is banned Post by: DiamondCardz on November 21, 2015, 11:47:12 AM I think every country has their own economical reasons for the ban .Ranging from economical standards to general politics and how they influence the financial market of their nations has a greater impact .Its banned in countries like India /Pakistan because their govermnet is not supportive of them using technology to such a level as most of the population is not exposed to it .However they have given freedom for whoever wants to use it they still can. Well, countries like Kyrgyzstan and Vietnam have explicitly banned Bitcoin but it seems that the countries that have explicitly done so also always seem to have very shitty, corrupted governments. I don't think we'll see a Bitcoin ban in a country like the US or the UK, even though we don't exactly have perfect governments arguably. Yep. It's like how if a website is banned in say China (The Great Firewall of China is a great example of this), not much happens about it as a smaller proportion (although it's growing quickly) of the population has access to the internet anyway and an even smaller proportion cares. In the US or UK, something like that would go down very, very badly. Title: Re: Why in some countries Bitcoin is banned Post by: DeathAngel on November 21, 2015, 11:54:00 AM We have power hungry, controlling governments & fiat banks that fear bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: virtualx on November 21, 2015, 12:12:49 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . When money is illegal, you have to wonder why. Summary of reasons said so far: - Transparency of spending funds is what makes the governments afraid - Bitcoins have excellent privacy system, so no one can even trace your transactions - because it is too anonym - potentially being used by criminals and to buy illegal stuff - It's used for crime, it's used for gambling, porn industries. - Tax evasion - They have concerns about bitcoin and probably its hard for them to understand how the cryptocurrency fits into existing system. - Economic reasons - We have power hungry, controlling governments & fiat banks that fear bitcoin. - threat to a country's currency - they want control - It poses a threat to the currency issued by the government - the countries that have explicitly done so also always seem to have very shitty, corrupted governments It's up to you decide if each argument is true or not. :) Title: Re: Why in some countries Bitcoin is banned Post by: quentincole32 on November 21, 2015, 01:23:33 PM Really insightfull picture, im going to show this to my friends, but what is the meaning of unknown? they dont permit or say it is illegal at all, just like a legal void? they dont give a shit about it and dont know about it. ut the pic a little bit old (from 2014). countries like argentina already made some statements. ;) Yesss, argentina now speak to the world that bitcoin are legal and recognized as money. Free to use there. Not like russia government. Make ban on every bitcoin activity. Title: Re: Why in some countries Bitcoin is banned Post by: Bitcoinpro on November 21, 2015, 01:27:52 PM because its alot easier to steal someones coins if u can lock them up and beat them
Title: Re: Why in some countries Bitcoin is banned Post by: ThunderThomas on November 21, 2015, 01:31:54 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . When money is illegal, you have to wonder why. Summary of reasons said so far: - Transparency of spending funds is what makes the governments afraid - Bitcoins have excellent privacy system, so no one can even trace your transactions - because it is too anonym - potentially being used by criminals and to buy illegal stuff - It's used for crime, it's used for gambling, porn industries. - Tax evasion - They have concerns about bitcoin and probably its hard for them to understand how the cryptocurrency fits into existing system. - Economic reasons - We have power hungry, controlling governments & fiat banks that fear bitcoin. - threat to a country's currency - they want control - It poses a threat to the currency issued by the government - the countries that have explicitly done so also always seem to have very shitty, corrupted governments It's up to you decide if each argument is true or not. :) Nothing that you mentioned I can disagree with. It is possible for bitcoin to exists with any other countries currency next to it. Title: Re: Why in some countries Bitcoin is banned Post by: stromma44 on November 21, 2015, 03:34:03 PM We have power hungry, controlling governments & fiat banks that fear bitcoin. Yeah, the Governments of the countries play a very critical role when it comes to bitcoins, I think the future of bitcoins is totally dependent on the Governments of the respective countries, If the Governments will come in support of bitcoins then it will shine like a gold or it would simply just disappear from the market. Title: Re: Why in some countries Bitcoin is banned Post by: Pierre 2 on November 21, 2015, 03:41:31 PM Biggest reason behind this is illegal usage of bitcoin. I mean criminals and terrorists love to use bitcoin for their dirty jobs.
So governments are lazy and they think banning it completely is enough to fight terrorism. Title: Re: Why in some countries Bitcoin is banned Post by: gripflierGO on November 21, 2015, 06:36:25 PM Biggest reason behind this is illegal usage of bitcoin. I mean criminals and terrorists love to use bitcoin for their dirty jobs. So governments are lazy and they think banning it completely is enough to fight terrorism. Illegal things becomes more popular then legal things, if they would completely ban bitcoins then it will be more widely used, as people are more addicted to illegal things, But I think Government knows that they cannot control bitcoins so they are not coming in support of it, and that is the reason people hesitate in using bitcoins as they have more faith in their Governments then bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: PAKYU on November 21, 2015, 09:16:41 PM because most of them have stupid government. don't know what actually they did.
Title: Re: Why in some countries Bitcoin is banned Post by: Ninjaskills on November 22, 2015, 04:24:37 AM Bitcoin is hard to regulate thats what countries fear. They want control. goverment try to control it with "bad news" and "good news" this is realityshow,, like a war Bitcoin VS Goverment Title: Re: Why in some countries Bitcoin is banned Post by: ajun96 on November 22, 2015, 04:26:30 AM because most of them have stupid government. don't know what actually they did. nope, i think he do the right thing, he protect their currencies in order to stay alive and not be defeated by a foreign currency, all governments in the world to do thatTitle: Re: Why in some countries Bitcoin is banned Post by: BeGoods on November 22, 2015, 04:28:15 AM any 2 country who hostile what is the country ?
Title: Re: Why in some countries Bitcoin is banned Post by: ThunderThomas on November 22, 2015, 01:02:08 PM any 2 country who hostile what is the country ? Iceland and the second one is Thailand, can't say for sure but the one in the middle is definitely Iceland Title: Re: Why in some countries Bitcoin is banned Post by: btccashacc on November 22, 2015, 02:30:18 PM because bitcoin is pseudoanonym and it's volatile nature so in some country their goverment wouldn't accepted bitcoin, since they're worried if bitcoin will adopted and peple do money laundry or negative things like gun or drugs trading, in fact not only with bitcoin people do that even with their own currency same thing could happen
Title: Re: Why in some countries Bitcoin is banned Post by: TheGeorge on November 22, 2015, 02:44:40 PM because bitcoin is pseudoanonym and it's volatile nature so in some country their goverment wouldn't accepted bitcoin, since they're worried if bitcoin will adopted and peple do money laundry or negative things like gun or drugs trading, in fact not only with bitcoin people do that even with their own currency same thing could happen Cash is more anonymous than bitcoin. Bitcoin is more traceable than cash. If you are paid salary with bitcoin, then every bitcoin you spend will be traceable by the government. The source of your payment is your employer and the government can find all your spending and verify with the retailers. If you spend the bitcoin on illegal activities, the government will know very soon. Title: Re: Why in some countries Bitcoin is banned Post by: maku on November 22, 2015, 03:01:34 PM because bitcoin is pseudoanonym and it's volatile nature so in some country their goverment wouldn't accepted bitcoin, since they're worried if bitcoin will adopted and peple do money laundry or negative things like gun or drugs trading, in fact not only with bitcoin people do that even with their own currency same thing could happen Did you even think about about what you write, even for a little moment?1. How exactly bitcoin's volatile nature has anything to do with banning or accepting bitcoin by governments? 2. FIAT money are FAR more dangerous, untraceable, anonymous and used by criminals worldwide than bitcoin will ever be. 3. You are basically repeating lies that mass media are feeding general public too oblivious to research the subject. Title: Re: Why in some countries Bitcoin is banned Post by: Mr. Forum on November 22, 2015, 05:28:01 PM The reason why bitcoin is banned in most of the countries is the fact that the digital currency is being used by criminals all over the world to carry out their illegal currency. With digital currency in use, it becomes next to impossible when you want to track them down. It is called leaving no evidence. The countries therefore through relevant authorities have banned the currency just as a way to curb this fast growing cyber crime. The other reason that the coins are not yet been published as legal currency to transact in.
Title: Re: Why in some countries Bitcoin is banned Post by: BeGoods on November 23, 2015, 11:42:05 AM -snip- any 2 country who hostile what is the country ?Iceland and the second one is Thailand, can't say for sure but the one in the middle is definitely Iceland why is iceland so hate with bitcoin? confusing :-\ Title: Re: Why in some countries Bitcoin is banned Post by: ajun96 on November 23, 2015, 11:48:55 AM because bitcoin is pseudoanonym and it's volatile nature so in some country their goverment wouldn't accepted bitcoin, since they're worried if bitcoin will adopted and peple do money laundry or negative things like gun or drugs trading, in fact not only with bitcoin people do that even with their own currency same thing could happen yeah right, even with their own currency same thing could happenthats is the point, bitcoin can facilitate it all, if you do not use bitcoin course, a lot of criminal money laundering? especially bitcoin legalized? will be a great deal of money laundering? Title: Re: Why in some countries Bitcoin is banned Post by: BrockHunter on November 23, 2015, 11:51:06 AM -snip- any 2 country who hostile what is the country ?Iceland and the second one is Thailand, can't say for sure but the one in the middle is definitely Iceland why is iceland so hate with bitcoin? confusing :-\ Criminals probably ruined it for everyone over there. That's my best guess. Title: Re: Why in some countries Bitcoin is banned Post by: Amph on November 23, 2015, 12:31:06 PM -snip- any 2 country who hostile what is the country ?Iceland and the second one is Thailand, can't say for sure but the one in the middle is definitely Iceland why is iceland so hate with bitcoin? confusing :-\ this is strange i remember there is a big farm in iceland, they are banning bitcoin but not stopping who produce it? seems retarded Title: Re: Why in some countries Bitcoin is banned Post by: Mickeyb on November 23, 2015, 10:44:44 PM -snip- any 2 country who hostile what is the country ?Iceland and the second one is Thailand, can't say for sure but the one in the middle is definitely Iceland why is iceland so hate with bitcoin? confusing :-\ Where did you get this from? Can you please share some links with this news! Iceland is very small. Even if they banned Bitcoin, I see no great repercussions for us. But I doubt this to be true. I mean, I think that these small nations are pretty much waiting to see what will bigger, more powerful nations do first in order to decide what to do! Title: Re: Why in some countries Bitcoin is banned Post by: GannickusX on November 24, 2015, 11:46:37 PM -snip- any 2 country who hostile what is the country ?Iceland and the second one is Thailand, can't say for sure but the one in the middle is definitely Iceland why is iceland so hate with bitcoin? confusing :-\ Criminals probably ruined it for everyone over there. That's my best guess. Is not like criminals existed before bitcoins right? Come on now, the excuse of criminals is a bit ridiculous, they have been using normal currencies for crimes until now and wont stop using them. Title: Re: Why in some countries Bitcoin is banned Post by: crazyearner on November 25, 2015, 01:53:31 AM Bitcoin being banned in a number of of countries is because they are tight fuckers or cant have any central control over it and governments crack down on this because if it is something they have no control over then they will ban it or by making some serious regulations and rules in place to use it. Take parts of US totally banned or not allowed to use it and if Gov gets wind of it your braking the law. But most and a lot of people still use it and have access to it. It is just places buying and selling and exchanging that get banned and lawsuits made against them to seize trading and close down. the other things that many are banning for is because it works anonymously which can create a lot more problems from crime, drugs, black market, and illegal activity. Next comes down to tax on transactions and they cant control this so they ban and stop for them reasons alone. Cant track, cant control, cant do shit means they will ban it.
Title: Re: Why in some countries Bitcoin is banned Post by: Small on November 25, 2015, 03:42:49 AM In most places, government don't have specific regulations on it and in several country, they are restricted or banned. Bitcoin transactions can still be sent and it can still be used but government can choose to censor sites which promotes Bitcoin or exchanges. Governments want more control over their citizen and prevent illegal money laundering and terrorist financing. More importantly, tax evasion is very possible with Bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: ivan19 on November 28, 2015, 03:46:38 AM bitcoin has alot of potential power and some countries know it and fear it so they block it.
Title: Re: Why in some countries Bitcoin is banned Post by: crazyearner on November 28, 2015, 03:54:32 AM i've been writing letters to my congresswoman to help prepare a bill that would effectively ban bitcoin in the US. The best method of accomplishing this is to attach it to a bill with a similar agenda and name it something whesome and Patriotic like the Liberty Act. The bill that our privately funded lobby group is drafting starts by banning terrorism which every congressman and senator will no doubt support. It then goes on to ban sinister cryptography (including bitcoin and any public blockchains)(private bank chains will still remain legal). Finally, on the 2271th page, a provisional rider is attached that will make all math (above the 3rd year Calculus level) illegal punishable by planting schedule 1 plants and/or fungi on your person just prior to search and seizure. The best part of this bill is that we are making it illegal to read before it goes up for a vote in the house and senate, so just like Obamacare and TTIP, we will be forced to pass it into law before we can read what is inside it. Well good luck to that will be surprise if they pass on it and approve. Theirs too many bills in place and need to be scraped. US and bills and crap and some of the rules in place are shocking. I mean come on having to have a licence to sell fresh food when you have you kids have a little bit of fun then, you have the feds stop you and ask are they licensed to sell their products. No Sir, kindly stop and pack up or be prosecuted. Bill like that need to be removed. But when it comes to more strict things like crypto currency US need to get a grip and rethink and relies how much better their state would be to approve of it. Title: Re: Why in some countries Bitcoin is banned Post by: GannickusX on November 28, 2015, 12:29:11 PM The reason why bitcoin is banned in most of the countries is the fact that the digital currency is being used by criminals all over the world to carry out their illegal currency. With digital currency in use, it becomes next to impossible when you want to track them down. It is called leaving no evidence. The countries therefore through relevant authorities have banned the currency just as a way to curb this fast growing cyber crime. The other reason that the coins are not yet been published as legal currency to transact in. First of all, bitcoin is only banned in 2 countries, criminals all over the world do NOT use bitcoin, almost none of them use bitcoin. Bitcoin would be way more volatile and have a way bigger volume if criminals all over the world use them. Criminals have been here before bitcoin and trust me they wont start using it now. Again only 2 countries banned bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: maokoto on November 28, 2015, 12:53:15 PM I think some countries ban Bitcoin just because they are not able to effectively control it. They cannot renounce control, so they ban.
Not neccessarily because potential illegal activities, but to keep things controlled Title: Re: Why in some countries Bitcoin is banned Post by: Velkro on November 28, 2015, 12:55:54 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . and why in saudi arabia they will execute person for writing poem's? ;) Title: Re: Why in some countries Bitcoin is banned Post by: umaOuma on November 28, 2015, 02:29:48 PM I think some countries ban Bitcoin just because they are not able to effectively control it. They cannot renounce control, so they ban. Not neccessarily because potential illegal activities, but to keep things controlled Bitcoins can never be controlled, even if the Government doesn't come in support of bitcoins, people would continue to use bitcoins by any means, bitcoin is banned because Governments and Banks are fear of bitcoins and they view bitcoins as threat to their businesses and entire banking systems which is controlled by Government. Title: Re: Why in some countries Bitcoin is banned Post by: coinhelper on November 28, 2015, 02:36:22 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . I was confused by the first post. If you are wondering why bitcoin is banned in some countries, it is because it is majorly uncontrollable as it is decentralised. Some countries may also bann it as there are some ways that it can be stolen from people through the use of their bitcoin-qt username and passwords (which can be tracked from some trojans!) It also cannot be Taxed! Title: Re: Why in some countries Bitcoin is banned Post by: s1ng on November 28, 2015, 02:56:45 PM Usually bitcoin identic with terorist. They usually use it for untraceable transaction purpose.
As we know , some countries might ban bitcoin with those reason Title: Re: Why in some countries Bitcoin is banned Post by: bitbaby on November 29, 2015, 05:19:26 AM I think some countries ban Bitcoin just because they are not able to effectively control it. They cannot renounce control, so they ban. Not neccessarily because potential illegal activities, but to keep things controlled Bitcoins can never be controlled, even if the Government doesn't come in support of bitcoins, people would continue to use bitcoins by any means, bitcoin is banned because Governments and Banks are fear of bitcoins and they view bitcoins as threat to their businesses and entire banking systems which is controlled by Government. Of-course a country cannot stop its people from using Bitcoin but they can stop businesses and exchanges in their country to accept/trade in bitcoin and it affects people as they can't buy/sell bitcoins easily and when that happens you have to rely on e-wallet services and trade internationally because you cannot trade directly through your bank account and it's not that cost effective. Title: Re: Why in some countries Bitcoin is banned Post by: ranochigo on November 29, 2015, 06:22:15 AM I think some countries ban Bitcoin just because they are not able to effectively control it. They cannot renounce control, so they ban. Not neccessarily because potential illegal activities, but to keep things controlled Bitcoins can never be controlled, even if the Government doesn't come in support of bitcoins, people would continue to use bitcoins by any means, bitcoin is banned because Governments and Banks are fear of bitcoins and they view bitcoins as threat to their businesses and entire banking systems which is controlled by Government. Usually bitcoin identic with terorist. They usually use it for untraceable transaction purpose. They can't be banned completely. Terrorist fundings can usually be reduced by implemented AML/KYC policies in the exchanges. By banning them completely, the trades would only go underground more.As we know , some countries might ban bitcoin with those reason Title: Re: Why in some countries Bitcoin is banned Post by: bob123 on November 29, 2015, 12:49:53 PM Governments just want to have control about everything happening in their country.
They dont want to lose even just 1 cent to not payed taxes. Additionally they think its anonymous which means that everyone using bitcoins does illegal stuff ::) #NorthKorea Title: Re: Why in some countries Bitcoin is banned Post by: caliboy37 on November 29, 2015, 09:15:44 PM It's banned because of security. Bitcoin is anonymous don't forget.
Title: Re: Why in some countries Bitcoin is banned Post by: bob123 on November 29, 2015, 09:16:41 PM It's banned because of security. Bitcoin is anonymous don't forget. Its not anonymous.. its pseudo anonymous.. A lot of people just believe its anonymous Title: Re: Why in some countries Bitcoin is banned Post by: smiletyson on November 29, 2015, 09:19:48 PM In some countries bitcoin is thought damaging the local currency. For instance in Kyrgyzstan national bank had banned bitcoin because of this.
www.nbkr.kg/searchout.jsp?item=31&material=50718&lang=ENG Title: Re: Why in some countries Bitcoin is banned Post by: Amph on November 30, 2015, 08:52:37 AM It's banned because of security. Bitcoin is anonymous don't forget. Its not anonymous.. its pseudo anonymous.. A lot of people just believe its anonymous because it is if you only move funds from one address to another, then you can always exchange face to face, how this is not anonymous? Title: Re: Why in some countries Bitcoin is banned Post by: abokhalel2 on November 30, 2015, 09:19:51 AM I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies.
Title: Re: Why in some countries Bitcoin is banned Post by: harizen on November 30, 2015, 10:09:21 AM I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies. What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole. Title: Re: Why in some countries Bitcoin is banned Post by: BombayChicken on November 30, 2015, 12:22:23 PM I think they don't want that people buy some illegal stuff.
Or that Bitcoin the won't be good for the economy in that country. Title: Re: Why in some countries Bitcoin is banned Post by: rektDude on November 30, 2015, 12:26:37 PM I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies. What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole. I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control. Title: Re: Why in some countries Bitcoin is banned Post by: ObscureBean on November 30, 2015, 12:57:13 PM Bitcoin's anonymous nature is not something any government would be thrilled about, I suppose some are more paranoid/strict/wary than others. 'Banned' is just the official stance though, they can't really stop people from using Bitcoin and they probably don't spend a lot of resources trying either.
Title: Re: Why in some countries Bitcoin is banned Post by: kryptqnick on November 30, 2015, 01:04:57 PM There are no excuses for Bitgcoin to be banned IMO. It's just a currency, whatever ppl involve it in shouldn't affect the legality of it.
Title: Re: Why in some countries Bitcoin is banned Post by: harizen on November 30, 2015, 01:11:00 PM I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies. What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole. I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control. Actually if government will centralized bitcoin in one country, they will gain taxes from all bitcoin transaction in one country by inserting some government transaction into a system. In this way, country will be benefited by bitcoin. For example, bitcoin> party > tax. How? That is the missing link. It's just a matter of how the government system will apply the system like the normal fiat does. Title: Re: Why in some countries Bitcoin is banned Post by: GannickusX on November 30, 2015, 02:42:33 PM I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies. What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole. I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control. Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now. Title: Re: Why in some countries Bitcoin is banned Post by: Newcoins2020 on November 30, 2015, 03:35:02 PM I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies. What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole. I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control. Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now. Some countries don't acknowledge bitcoin as a currency yet they do want to make you pay taxes and see bitcoin as an income. Title: Re: Why in some countries Bitcoin is banned Post by: HostSurf on November 30, 2015, 04:12:46 PM There are no excuses for Bitgcoin to be banned IMO. It's just a currency, whatever ppl involve it in shouldn't affect the legality of it. Well, it obviously is effecting the government on the decisions they make. I think that if they're not accepting bitcoin as an official currency they shouldn't let you pay taxes over them Title: Re: Why in some countries Bitcoin is banned Post by: lilynancy on November 30, 2015, 04:17:32 PM Don't really get it what exactly are you trying to question, but Bitcoin use is frowned upon on several countries do to it's volatile nature and because it represents a threat to governments... Also, wrong section, this should probably be on Discussion (https://bitcointalk.org/index.php?board=1.0) :) very good agree with yoursTitle: Re: Why in some countries Bitcoin is banned Post by: zivone on November 30, 2015, 05:15:29 PM It's just means that government can control everything including bitcoin. Well I said that since I read some thread saying government can't control bitcoin or bitcoin is a threat to fiat.
Title: Re: Why in some countries Bitcoin is banned Post by: Yakamoto on November 30, 2015, 05:46:59 PM I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies. What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole. I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control. Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now. I'm not trying to disregard your claim, but I'm curious to see where the information came from, as I've heard many different pieces of information regarding the legality of Bitcoin in different countries throughout the world. I agree with your comment on how people think terrorists are using Bitcoins all the time, when in reality, they take up only a small portion of the Bitcoin users. Typically it's only a rumor that terrorists used Bitcoin for "x" event, however I don't have any statistics to back that up, so feel free to refute me if it's wrong. Title: Re: Why in some countries Bitcoin is banned Post by: zivone on November 30, 2015, 05:48:13 PM It's banned because of security. Bitcoin is anonymous don't forget. so why if bitcoin anonymous ? whether the reason for terrorism ? what because state officials will make money laundry in bitcoin ?I think that is can not be a reason strong, the only acceptable reason is because bitcoin can not be controlled by the state. :P The government can control bitcoin if they see potential threat. Maybe not literally bitcoin itself but Like they can create laws about it or maybe they can control internet providers to do something about it in exchange with their business permits or something like that. There is no way a state allows threat including bitcoin (if it's going to be a threat). State maybe cannot totally control bitcoin but it's no way out of their hands. Title: Re: Why in some countries Bitcoin is banned Post by: pereira4 on November 30, 2015, 05:49:54 PM Give a man the control of the money and the man will have the control of the people, thats why governments are as nervous as it gets about Bitcoin and thats why they want scare people away to use it. If network effect ensues and people start using Bitcoin en masse then it's game over for them and they knwo it, hats why they have to start dropping all those negative news to try to crush it. Too bad that if we have learned something by now is taht Bitcoin cannot be shut down.
Title: Re: Why in some countries Bitcoin is banned Post by: lolgato on November 30, 2015, 06:17:38 PM Criminal everywhere they say they care only about the bad of bitcoins and not the good
Title: Re: Why in some countries Bitcoin is banned Post by: Blue_Tiger on December 01, 2015, 03:28:12 AM Countries can do whatever they want. If they want to ban Bitcoin, they can. Some countries just don't like the idea of Bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: harizen on December 01, 2015, 04:07:47 PM Countries can do whatever they want. If they want to ban Bitcoin, they can. Some countries just don't like the idea of Bitcoin. There you go. You got it. Yes some countries don't like the idea of how bitcoin works and the system revolves around it. Government can't gained from anonymous transaction. No tax involved which government of course doesnt like. We all know that good country has a good service which all come from tax. Include also if people will use money transfer bitcoin in country to country. It will less the GDP of one country as bitcoin will not be counted as part of the remittance. But you know, it has a solution if the whole world will adapt bitcoin. Proposals I think will be made by proper brainstorming to address this hole. Title: Re: Why in some countries Bitcoin is banned Post by: doanlang on December 01, 2015, 04:25:23 PM Problem: tax and preventing money laundering
Title: Re: Why in some countries Bitcoin is banned Post by: maku on December 01, 2015, 04:36:00 PM Problem: tax and preventing money laundering From what I know laundering money is harder with bitcoin. You wouldn't imagine how professional money laundering works. There are HUGE network behind the scenes for that.And if someone is using bitcoins for this that means he is only a small fry. Real money laundering is done with FIAT on a massive scale (by organized crime, mafia, corrupted officials etc.). Title: Re: Why in some countries Bitcoin is banned Post by: GannickusX on December 01, 2015, 04:40:58 PM I think the main reason for governments banning bitcoin is because they think it's a threat to their currencies. What kind of threat? Main currency crash? I think no or if ever some countries think that, I will assume for only 5% of the whole reason or factor. Actually if Bitcoin will bloom in the future still main currencies of some countries will not totally replace by a whole. I think they ban bitcoin because they don't gain anything from bitcoin and it's not controlled by some corporate company that they can control. Not true and again bitcoin is only officially banned in 2 countries. It's obvious most countries dont give a shit about bitcoin, people here think bitcoin is like a super huge currency but the truth is quite the contrary. Terrorists are not using bitcoins, they have been using normal currencies before and they wont change now. I'm not trying to disregard your claim, but I'm curious to see where the information came from, as I've heard many different pieces of information regarding the legality of Bitcoin in different countries throughout the world. I agree with your comment on how people think terrorists are using Bitcoins all the time, when in reality, they take up only a small portion of the Bitcoin users. Typically it's only a rumor that terrorists used Bitcoin for "x" event, however I don't have any statistics to back that up, so feel free to refute me if it's wrong. Page 7 on this thread. Only 2 countries are hostile, of course there is not much information about contries in africa and such but still you can see most countries don't really care about bitcoin, at least not yet. Bitcoin is not that big as people think. Title: Re: Why in some countries Bitcoin is banned Post by: BADecker on December 01, 2015, 05:01:04 PM Bitcoin is never banned, even though it looks like it might be. What is happening is, the people are in slavery, just like in America where income taxes hold us in slavery.
:) Title: Re: Why in some countries Bitcoin is banned Post by: Indrawan77 on December 09, 2015, 01:05:21 AM I think because of the anonymous that bicoin has..so the government afarid that it is going to used for bad things like money laundry or something like that
Title: Re: Why in some countries Bitcoin is banned Post by: harizen on December 09, 2015, 01:14:45 AM I think because of the anonymous that bicoin has..so the government afarid that it is going to used for bad things like money laundry or something like that Actually if bitcoin will be seriously regulated by the government in one country, as in seriously, they can keep and think of a system or platform that somehow will cover those downside of using bitcoin un their territory. If it's regulated btc usage of people in that country will become under the constitution of that country. Title: Re: Why in some countries Bitcoin is banned Post by: SuperCoinGuy on December 09, 2015, 06:46:36 AM The Russian government wants to keep its citizens under control.
Title: Re: Why in some countries Bitcoin is banned Post by: ajun96 on December 09, 2015, 08:17:06 AM It's just means that government can control everything including bitcoin. Well I said that since I read some thread saying government can't control bitcoin or bitcoin is a threat to fiat. well, i can say its depends in the goverment of the countryin my country, government control bitcoin in law that its risk to user who use it, but bitcoin still accept in my country Title: Re: Why in some countries Bitcoin is banned Post by: Mr.grin on December 09, 2015, 08:21:30 AM I think, it is because in these countries a lot of illegal transactions by using bitcoin, in addition, the state government also may have done so early prevention of illegal transactions using bitcoin does not occur
Title: Re: Why in some countries Bitcoin is banned Post by: Palinanv on February 19, 2016, 11:45:58 AM I believe it has something to do with the anonymity situation at hand. Bitcoin can't be anonymous for too long though. That's one of the biggest traits that some countries have with it.
Title: Re: Why in some countries Bitcoin is banned Post by: MWesterweele on May 28, 2016, 06:57:41 AM Some countries banned bitcoins for security purposes , because as we know terrorist or any other illegal activities can be done through bitcoin without any hassle so those countries that banned bitcoins has an acceptable reasons why they banned bitcoins , but we cannot blame them it is for safety of the people on their country.Administration of bitcoins should observe every transactions so it wouldn't be a harm for anyone in this world.
Title: Re: Why in some countries Bitcoin is banned Post by: Enotche on May 28, 2016, 07:39:17 AM Bitcoin and other cryptocurrency particularly concerned authorities, because such payments are extremely difficult to trace - operations are subject to agreement between buyer and seller, who may not even know the names of each other. No banks and payment systems do not record their personal data and do not give out at the request of law enforcement. Anonymity bitcoin system makes it a convenient tool for money laundering and terrorist financing.
And the second aspect - the taxes. The State can not get the benefit from the transaction. Title: Re: Why in some countries Bitcoin is banned Post by: wintermeasures on May 28, 2016, 11:17:44 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Maybe for some countries bitcoin is a threat to The country's banks. Because we know bitcoin has many advantages from any bank, the transaction is instant and inexpensive fee. thank you Title: Re: Why in some countries Bitcoin is banned Post by: Hirose UK on May 28, 2016, 01:43:03 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . because some people with powerful position or those who has position in government, or leaders of society don't really understand what bitcoin is. in my country bitcoin was declarated as illegal money a few weeks ago, and there are 6 proofs provided, but 2 of them are wrong. it was misunderstanding. Title: Re: Why in some countries Bitcoin is banned Post by: dearbesz on June 17, 2016, 06:42:49 AM maybe because Bitcoin is threat for them to all business establishment to their country. in addition to this it probably they heard
a bad news before in Bitcoins for illegal transaction used perhaps.. :) Title: Re: Why in some countries Bitcoin is banned Post by: Mvaporis1961 on June 17, 2016, 06:47:28 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . I think because they only know that bitcoin is only being used in deep web to use in illegal transactions like buying drugs and illegal firearms and other illegal stuff that you may see in dark marketplace. Title: Re: Why in some countries Bitcoin is banned Post by: Dr.Famous on June 17, 2016, 06:49:54 AM It maybe bitcoin gambling which is banned but i don't think so using a crypto-currency is illegal. And if it is, It will be in those countries which do not want to develop anymore or they are not even close to the whole world. Bitcoin is not illegal but the actions done by using Bitcoins can be wrong. ~Dr.Famous~ Title: Re: Why in some countries Bitcoin is banned Post by: delliaerd on June 17, 2016, 06:56:01 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Obviously, it is was rules of the government and surely it has a reason. I think one of the reason is the illegal activities of using bitcoin in that country. The government try to avoid some illegal activities spread in their country, that illegal activities such as using buy and sell drug with bitcoin, terrorist transactions and many else. But the reality that rules can not really stop one using bitcoin. Title: Re: Why in some countries Bitcoin is banned Post by: Endikadija on June 17, 2016, 09:52:18 PM in which countries? it cant be true because it is nothing illegal,but maybe you meant that it isnt used
Title: Re: Why in some countries Bitcoin is banned Post by: zodin on June 17, 2016, 10:43:57 PM yet we are hearing about this but i dont think that there is a single country who banned bitocoin. we are hearing such news for such a long time but i think still there is not a single state who have banned bitcoin yet.
Title: Re: Why in some countries Bitcoin is banned Post by: DodoB on June 18, 2016, 12:25:36 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Greedy authoritarian capitalist regimes don't want their people to be able to trade things without paying tax to feed the rich people. Title: Re: Why in some countries Bitcoin is banned Post by: shinratensei_ on June 18, 2016, 02:17:12 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Because some countries are lack of knowledge about bitcoin, and maybe have a relationship with 3rd parties can make countries try to ban bitcoin and included bitcoin to the illegal category.Title: Re: Why in some countries Bitcoin is banned Post by: jerowacik on June 18, 2016, 02:30:26 AM because now many countries are still not daring. they are not willing to take risks. bitcoin digital currency is unstable. the government of a country still do not believe fully in bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: Sniper44 on June 18, 2016, 02:44:24 AM because now many countries are still not daring. they are not willing to take risks. bitcoin digital currency is unstable. the government of a country still do not believe fully in bitcoin. what risk are you talking about? the countries don't take risk, the people who are investing in crypto currencies are taking risks. besides those countries are banning bitcoin because they are scared of it and think it can replace their money. Title: Re: Why in some countries Bitcoin is banned Post by: Sorrowfox on June 18, 2016, 02:48:55 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Because they have reason why. Many in their countrymen use bitcoin to transact illegal things so if you are a president bitcoin is not already known in your country you will banned it for the sake of your country men? I think thats the reason why he banned using bitcoin in their country. Title: Re: Why in some countries Bitcoin is banned Post by: X-ray on June 18, 2016, 03:36:25 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . because some people with powerful position or those who has position in government, or leaders of society don't really understand what bitcoin is. in my country bitcoin was declarated as illegal money a few weeks ago, and there are 6 proofs provided, but 2 of them are wrong. it was misunderstanding. Title: Re: Why in some countries Bitcoin is banned Post by: bitkilo on June 18, 2016, 03:44:33 AM Some countries or most are probably quite scared of bitcoin becoming big, if all their residents start using bitcoins instead of the local fiat currency then the government would have to start being a little more honest about their spending and they don't want that to happen.
They also can not just print more btc when needed so it's not suitable for the corrupt governments out there. Title: Re: Why in some countries Bitcoin is banned Post by: serjent05 on June 18, 2016, 05:15:14 AM They see Bitcoin as a threat. Central authority like banks had been opposing the Bitcoin Idea of decentralization. They are afraid that if this stuff is imposed, their centuries of rule will collapse. So as early as possible while they are still in position to dictate things, they wanted to kill the competition and more likely to kill the competitor.
Title: Re: Why in some countries Bitcoin is banned Post by: Windpower on June 18, 2016, 05:17:05 AM Why should bitcoin be apposing a government. It is just a way for people like me to make an extra penny here and there. But what threat does bitcoin pose please explain to me this.
Title: Re: Why in some countries Bitcoin is banned Post by: clickerz on June 18, 2016, 05:22:00 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Maybe for some countries bitcoin is a threat to The country's banks. Because we know bitcoin has many advantages from any bank, the transaction is instant and inexpensive fee. thank you You got it right. In bitcoin, a government has no control over it,no taxes and not profitable to government. Even Though it is banned and prohibited, still there are others who managed to use bitcoin. Hope in the future, more and more countries will accept to use the bitcoin.BTW, some country are creating their own cryptocurrency... Title: Re: Why in some countries Bitcoin is banned Post by: Patatas on June 18, 2016, 05:26:38 AM Some countries or most are probably quite scared of bitcoin becoming big, if all their residents start using bitcoins instead of the local fiat currency then the government would have to start being a little more honest about their spending and they don't want that to happen. Let us assume your statements are true.Somehow Government allows the use of bitcoins and replaces the fiat completely.Bitcoins are limited,its like a conventional source.No more dollar is used,what other factors you will base the bitcoin prices on ? Moreover,how would people get bitcoin ? Since fiat would completely replaced ,there is no alternative to buy bitcoins .barter trading system should be introduced again.We sure don't wanna go back to 1850.There are pretty much less to no chances of bitcoin working out with the fiat being completely replaced.They also can not just print more btc when needed so it's not suitable for the corrupt governments out there. Title: Re: Why in some countries Bitcoin is banned Post by: Cyaren on June 18, 2016, 07:02:50 AM Some countries fear the greatness of bitcoin. They know that eventually their fiat monetary scheme is going to collapse while bitcoin is going to take over instead as the major currency.
Some countries also have limits on forex, which bitcoin can be used to avoid that restriction. Title: Re: Why in some countries Bitcoin is banned Post by: salmanahmedone on June 18, 2016, 07:12:27 AM Some countries fear the greatness of bitcoin. They know that eventually their fiat monetary scheme is going to collapse while bitcoin is going to take over instead as the major currency. Some countries also have limits on forex, which bitcoin can be used to avoid that restriction. The biggest reason why countries oppose bitcoin is that the governments dont want to lose control over the Currency. If bitcoin is used as a mainstream currency then there will be no control for the government over it. No taxes etc Title: Re: Why in some countries Bitcoin is banned Post by: hermanhs09 on June 18, 2016, 07:17:01 AM I guess bitcoin can be used as a tax evasion method, as you don't need to pay any taxes for holding your bitcoins anonymously online. As it is anonymous, people can do drugs with it as well.
I guess that's why some countries ban the use of BTC. Title: Re: Why in some countries Bitcoin is banned Post by: SuperCoinGuy on June 18, 2016, 09:26:24 AM If I were a government official I would just legalize the use of Bitcoin in the country and acknowledge it to be a legitimate digital money system and make the population pay annual taxes. In this way Bitcoin might achieve wider adoption throughout the country and also the government will get more money by accepting it as an official currency along fiat. Perhaps the banking cartel is forcing some governments to ban Bitcoin altogether so as to avoid giving the people an alternative to their services. There is nothing worse than a corrupt government hindering the adoption of novel technologies out of pure short-sightedness and greed.
Title: Re: Why in some countries Bitcoin is banned Post by: BitcoinSupremo on June 18, 2016, 09:34:43 AM Because bitcoin can make you invisible in the net , government block gambling websites, you go gamble with bitcoin , first case you evade government supervision.
Also you evade taxes which is the number one priority the government has over you, they say since I offer you , police protection, schools for education and hospitals for your healthcare , you have to pay taxes , with bitcoin you can evade this too. There are a lot of other things from which you can evade from government supervision by using bitcoin thats why a few countries are obsessed to ban bitcoin, but truly bitcoin cannot be banned as long as there are alternative tools( TAILS and Electrum together in an OS to bypass government supervision via your IP). So I can understand why some governments are so obsessed with banning bitcoin but in the end they can do us no harm at all. Title: Re: Why in some countries Bitcoin is banned Post by: ning_chang on June 18, 2016, 11:11:48 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . also for me. so maybe that band BTC because they realize that when people all know people who can actually get that money by BTC. lest they just do not work. so did they act promptly action. BTC to the band in their areaTitle: Re: Why in some countries Bitcoin is banned Post by: Mayuyu48 on June 18, 2016, 11:15:37 AM Governments and centralized systems are scared of bitcoins and a system so seamless scares the shit out of them.
Because bitcoin offers competition to the centralized systems. That obviously is undesirable. Title: Re: Why in some countries Bitcoin is banned Post by: Kevin29 on June 18, 2016, 11:17:41 AM They think that bitcoin is not a money
Title: Re: Why in some countries Bitcoin is banned Post by: nitesh1995p on June 18, 2016, 11:20:52 AM 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
Title: Re: Why in some countries Bitcoin is banned Post by: poptok1 on June 18, 2016, 11:27:25 AM Governments and centralized systems are scared of bitcoins and a system so seamless scares the shit out of them. Because bitcoin offers competition to the centralized systems. That obviously is undesirable. 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. Title: Re: Why in some countries Bitcoin is banned Post by: Nowl1935 on June 18, 2016, 02:34:07 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . 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. Title: Re: Why in some countries Bitcoin is banned Post by: upsidedown75 on June 18, 2016, 07:11:48 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . 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. However, I heard there were calls for reconsideration about this. I wonder how did this/is this going. Title: Re: Why in some countries Bitcoin is banned Post by: Skaven on June 18, 2016, 07:45:13 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . 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. However, I heard there were calls for reconsideration about this. I wonder how did this/is this going. 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. Title: Re: Why in some countries Bitcoin is banned Post by: BlueStackz on June 19, 2016, 07:32:36 AM because now many countries are still not daring. they are not willing to take risks. bitcoin digital currency is unstable. the government of a country still do not believe fully in bitcoin. what risk are you talking about? the countries don't take risk, the people who are investing in crypto currencies are taking risks. besides those countries are banning bitcoin because they are scared of it and think it can replace their money. Title: Re: Why in some countries Bitcoin is banned Post by: uname on June 19, 2016, 08:07:48 AM 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 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?Title: Re: Why in some countries Bitcoin is banned Post by: Enotche on June 19, 2016, 08:46:34 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . 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. However, I heard there were calls for reconsideration about this. I wonder how did this/is this going. 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. 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. Title: Re: Why in some countries Bitcoin is banned Post by: justspare on June 19, 2016, 08:54:50 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . 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. Title: Re: Why in some countries Bitcoin is banned Post by: el kaka22 on June 19, 2016, 10:40:30 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . 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. 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. Title: Re: Why in some countries Bitcoin is banned Post by: serjent05 on June 19, 2016, 11:05:23 AM 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 :D
Title: Re: Why in some countries Bitcoin is banned Post by: sempak on June 19, 2016, 11:11:55 AM 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.
Title: Re: Why in some countries Bitcoin is banned Post by: serjent05 on June 19, 2016, 11:24:32 AM 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. True this is from https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ | Title Top 10 Places Where Bitcoin is Banned Bangladesh Code:
Bolivia Code:
Ecuador Code: 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. These are some of the country and their reason why the banned Bitcoin. Title: Re: Why in some countries Bitcoin is banned Post by: Bestwishes745 on June 19, 2016, 11:35:47 AM 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. True this is from https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ | Title 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” 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.” 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. These are some of the country and their reason why the banned Bitcoin. 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. Title: Re: Why in some countries Bitcoin is banned Post by: daringdiscovered on June 19, 2016, 03:48:58 PM 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.
Title: Re: Why in some countries Bitcoin is banned Post by: universe_ on June 19, 2016, 03:53:42 PM 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. True this is from https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/ | Title Top 10 Places Where Bitcoin is Banned Bangladesh Code:
Bolivia Code:
Ecuador Code: 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. These are some of the country and their reason why the banned Bitcoin. 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 Title: Re: Why in some countries Bitcoin is banned Post by: ning_chang on June 19, 2016, 04:47:00 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . 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.Title: Re: Why in some countries Bitcoin is banned Post by: PsursV on June 19, 2016, 05:11:53 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . 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.Title: Re: Why in some countries Bitcoin is banned Post by: Cryptonitex on June 19, 2016, 05:14:00 PM I have seen a map showing in which countries is legal and illegal to use bitcoin. 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 that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin. And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason. Title: Re: Why in some countries Bitcoin is banned Post by: MingLee on June 19, 2016, 05:22:05 PM I have seen a map showing in which countries is legal and illegal to use bitcoin. 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 that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin. And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason. Bitcoin might have a 15-20% usage rate on the black market, but anything they do to regulate it means nothing, and would just push up that percentage. Title: Re: Why in some countries Bitcoin is banned Post by: Cryptonitex on June 19, 2016, 05:23:34 PM I have seen a map showing in which countries is legal and illegal to use bitcoin. 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 that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin. And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason. Bitcoin might have a 15-20% usage rate on the black market, but anything they do to regulate it means nothing, and would just push up that percentage. Title: Re: Why in some countries Bitcoin is banned Post by: DeathAngel on June 19, 2016, 05:41:35 PM Lots of strict companies like to control what their public do & keep hold of their finances. No national bank wants to lose peoples business & with bitcoin they lose control.
Title: Re: Why in some countries Bitcoin is banned Post by: thejaytiesto on June 19, 2016, 05:52:40 PM Governments hate freedom and thats why a lot of countries will never be pro Bitcoin, so we will have to deal with that fact. The hope is that Bitcoin can sneak into any country as long as the country has internet accessible. So the only shithole without Bitcoin is North Korea.
Title: Re: Why in some countries Bitcoin is banned Post by: sonnyacg on September 22, 2016, 03:27:08 AM Maybe because bitcoin is anonymous. They can use it in illegal work without trace. So I think it will be hard for them to catch those people who are not doing good who doesn't have any trace. yes, I think so too. because bitcoin is a digital virtual money unlike most real money. It enables the crime will not be seen in his footsteps. maybe that's why the government refused the use of Bitcoin in the country do not want a lot going on criminals who caused it in the legitimate use of bitcoin in the country.Title: Re: Why in some countries Bitcoin is banned Post by: tabas on September 22, 2016, 03:52:05 AM I only knew one country that banned bitcoins for entering and being used by the citizens. And if I am not mistaken that is Russia, but good thing I have read someone commented here in forum that Russia now is already accepting bitcoins. And I guess those some countries are banning bitcoins because they are thinking that bitcoin is illegal and used for illegal things.
Title: Re: Why in some countries Bitcoin is banned Post by: JITENDERPAR3 on September 22, 2016, 04:05:48 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . because some countries government thought that it can be use as illegal payments in any where in world without notice to anyone this will be use in terrible activity . so due to these fear some government country banned bitcoin and its related sites .Title: Re: Why in some countries Bitcoin is banned Post by: noictib on September 22, 2016, 04:17:18 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . because due to use of bitcoin there is flow of money from one country to another country without tax and order . to controll over thus type of flow of money in form of btc some of the countries declared bitcoun as illegal activity .Title: Re: Why in some countries Bitcoin is banned Post by: futurebit640 on September 22, 2016, 04:26:43 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . because due to use of bitcoin there is flow of money from one country to another country without tax and order . to controll over thus type of flow of money in form of btc some of the countries declared bitcoun as illegal activity .Title: Re: Why in some countries Bitcoin is banned Post by: btccashacc on September 22, 2016, 04:35:04 AM I only knew one country that banned bitcoins for entering and being used by the citizens. And if I am not mistaken that is Russia, but good thing I have read someone commented here in forum that Russia now is already accepting bitcoins. And I guess those some countries are banning bitcoins because they are thinking that bitcoin is illegal and used for illegal things. From what i read in china bitcoin is banned and illegal, but the most surprising china has become the wordls largest bitcoin trading market, in my country bitcoin is illegal if transaction with bitcoin, however holding or trading it like stock is legal and there are some exchanger here are licensed by the government.Title: Re: Why in some countries Bitcoin is banned Post by: Golftech on September 22, 2016, 05:04:12 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . because due to use of bitcoin there is flow of money from one country to another country without tax and order . to controll over thus type of flow of money in form of btc some of the countries declared bitcoun as illegal activity .Title: Re: Why in some countries Bitcoin is banned Post by: coynedterm on September 22, 2016, 05:04:38 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . because some countries knows that this is totally wastage of money and time . and due to no tax paid by the user in btc it us illegally uses . so some of countries decided to ban bitcoin in their countries to avoid such type of activity .Title: Re: Why in some countries Bitcoin is banned Post by: marleybobthedog on September 22, 2016, 07:32:07 AM Main government of developing and under developed country take such action because they think that bitcoin will affect economy of those countries but basically it's not like that. They could earn money from bitcoin and finally help in improving economy of that country but they take the matter negatively.
Title: Re: Why in some countries Bitcoin is banned Post by: lumeire on September 22, 2016, 08:20:40 AM Even if governments ban BTCBTCBTC, our economy is global. The only way this economy stops is if its constituents stop using it, and I believe it cannot come from any outside force.
Title: Re: Why in some countries Bitcoin is banned Post by: Rostadom on September 22, 2016, 08:36:13 AM I think it's because their government is crazy enough to believe that they can ban it and the people in that country actually believes their government. Just because something gets banned in your country, you should stop doing it. If you're making enough money with Bitcoin to actually feed you and your family, why would you stop doing Bitcoins just because your government told you so. How are you going to it by then?
Title: Re: Why in some countries Bitcoin is banned Post by: qiwoman2 on September 22, 2016, 09:10:50 AM Some governments want to have a tight reign over their people and want to govern with an iron fist. Also corrupt governments collude with big business and want not the little people to be really financially free and earn a good living. Fiat currency is centralized and they don't want bitcoin to take away form this fact.
Title: Re: Why in some countries Bitcoin is banned Post by: TastyChillySauce00 on September 22, 2016, 09:22:54 AM Even if governments ban BTCBTCBTC, our economy is global. The only way this economy stops is if its constituents stop using it, and I believe it cannot come from any outside force. it's right if bitcoin still keep continued to be used since it's globally used but it may affect the price,maybe the price will be fall a little if the countries that banned bitcoin is those who really having a big power so that it can impact bitcoin or even make people thinking about itTitle: Re: Why in some countries Bitcoin is banned Post by: Nowl1935 on September 23, 2016, 03:58:37 PM Maybe ,its because government to some particular country can't control the bitcoin if they allow it to be use as a legal. Maybe because government couldn't put a tax in bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: European Central Bank on September 23, 2016, 04:32:41 PM when people say ban I've noticed they usually seize on a statement from a single politician or the central bank, neither of which have anything to do with passing laws, who say bitcoin might contravene something. that's quite a long way from strictly outlawing it.
Title: Re: Why in some countries Bitcoin is banned Post by: gablay12 on September 23, 2016, 04:41:51 PM As a matter of fact banning BTC or any other digital coins is hard and almost impossible.On the other hand if you goverments can sto legal liquidation of bitcoin people other then deep web users will slowly get away from BTC.What I say is if you can sell your BTC and get your money to your bank account or vice versa is easy Bitcoin spreads among open minded, technology related population, if not then people will not use BTC but other payment ways.
The regulators can not define BTC and so they can not also adopt tax regulations.As long as the regulators do not get tax income they will be against it. Title: Re: Why in some countries Bitcoin is banned Post by: Fatanut on September 24, 2016, 09:22:32 AM Those people that says Bitcoin is banned in their country obviously don't know how to avoid getting caught. The use of drugs is illegal almost everywhere but there's still a lot of people who's using it every single day. They simply know how to avoid getting caught. Same goes for Bitcoin. In addition, it's actually hard to trace people on the Internet. It's actually the opposite of what you see in the movies.
Title: Re: Why in some countries Bitcoin is banned Post by: fritzdark on September 24, 2016, 09:38:23 AM The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. but i think that some governments end up banning the digital money due to its use in illegal transactions. illegal transactions are inevitable in bitcoin community because there is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin wallets and sending each other bitcoins.
Title: Re: Why in some countries Bitcoin is banned Post by: machinek20 on September 24, 2016, 09:48:56 AM well for that reason you must blamed on the person who give negative reputation to bitcoin such as buying drugs or weapon using bitcoin and even some person ask ransom using bitcoin, these actions had caused the government to banned bitcoin and declared it was an illegal currency
Title: Re: Why in some countries Bitcoin is banned Post by: Yutikas_11920 on September 24, 2016, 09:54:08 AM well for that reason you must blamed on the person who give negative reputation to bitcoin such as buying drugs or weapon using bitcoin and even some person ask ransom using bitcoin, these actions had caused the government to banned bitcoin and declared it was an illegal currency I don't think so, it is indeed common around the world. But I think the Government will not be as stupid as that, because I see the Government would consider something which can give advantages to wealth or prosperity of his country. so, this will never happen. Title: Re: Why in some countries Bitcoin is banned Post by: coynedterm on September 24, 2016, 09:59:26 AM Maybe ,its because government to some particular country can't control the bitcoin if they allow it to be use as a legal. Maybe because government couldn't put a tax in bitcoin. i think it is not the main matter . the main matter is government does not get any tax of such huge money transfet amd saving in wallet . so flow of money in that country without tax and limit cause the ban this type of money .Title: Re: Why in some countries Bitcoin is banned Post by: SONG GEET on September 24, 2016, 10:55:25 AM I dont think countries or government can banned bitcoin transaction as it is decentralized one. But i have heard some countries band bitcoin exchanges but person to person deal cant be stop even though.
Title: Re: Why in some countries Bitcoin is banned Post by: Viyamore on September 25, 2016, 05:54:35 AM I there are so many reasons and they don't know actually what bitcoins is .
On my own opinion and vision this is what i think . They have no control on bitcoins unlike fiat . Transactions are made unknowingly and have a less fees . They have no tax earned from bitcoins. Etc.. What will happen to their government if they can't follow or use this digital currency .so the only nove they can do is to ban bitcoins and stop it. Title: Re: Why in some countries Bitcoin is banned Post by: yndye on September 25, 2016, 06:37:17 AM Because it is use for illegal purposes by some people that's why it is banned. Due to its anonymity, illegal trades are being paid through bitcoin because it has no paper trail so it would be hard for the authorities to trace whoever is the one doing it because there is no evidence that they can find in order to convict the one doing the trades. The only solution they thought that would restrain the illegal doings would be to ban bitcoin and it also affects the people using it the legal way. And I think there are more people using it the legal way than the others using it for illegal purposes.
Title: Re: Why in some countries Bitcoin is banned Post by: rik1 on September 25, 2016, 07:07:45 AM bitcoin is banded there bwcause of two most common reasons one is its price fluctuation which caused many growth in sucided and pressure to those who faced huge losses in big inncidents and the second is its freedom government can not control it
Title: Re: Why in some countries Bitcoin is banned Post by: sempak on September 25, 2016, 07:24:35 AM because most of the government of a country does not currently believe bitcoin. they are frightened because bitcoin prices so unstable that could make the situation in the country becomes unsafe.
Title: Re: Why in some countries Bitcoin is banned Post by: wibuindon on September 25, 2016, 08:14:53 AM Because bitcoin is anonymous and very easy to use for illegal activities. for example you can transact illegal stuff without having the need of disclosing your actual real name.
Title: Re: Why in some countries Bitcoin is banned Post by: Golftech on September 25, 2016, 12:23:24 PM Because bitcoin is anonymous and very easy to use for illegal activities. for example you can transact illegal stuff without having the need of disclosing your actual real name. yes i think they are just trying to suppress the use of it to avoid illegal transaction but for me the real thing is because they can'tput taxes when dealing with bitcoin and they can't control unlike real currency. Title: Re: Why in some countries Bitcoin is banned Post by: Noctis Connor on September 25, 2016, 12:54:52 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Because their goverment don't want their people use it for illegal activities like selling drugs for bitcoins and selling fire arms for bitcoin there are some countries that bitcoin is very illegal and who uses it will be sent on jail thats verry too scary if they caught you using it then RIP jailTitle: Re: Why in some countries Bitcoin is banned Post by: dharkmadder on September 30, 2016, 02:13:31 PM The real reason why Russia and china for a while banned "or lets say highly recommended avoiding" BTC is because that it gives a non-country controlled estimation of the value of there currency and indirectly exchanging it with USD, these countries mostly regulate there currency value and don't want something like BTC making it's true value shows IMO.
Title: Re: Why in some countries Bitcoin is banned Post by: johnnyyash on September 30, 2016, 02:19:34 PM banning bitcoin is like banning internet, not feasible, keeps using it no matter what crap they say like they put you in jail or stuff like that, the truth is that they cannot do shit i truly agree with you...banning bitcoin is like banning internet..bitcoin is here to stay... Title: Re: Why in some countries Bitcoin is banned Post by: Carlsen on September 30, 2016, 02:23:44 PM One reason is that the governments don't want the people to flee from their own fiat.
In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world. When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it. That is what governments with weakened economic want the least. Title: Re: Why in some countries Bitcoin is banned Post by: Fatanut on October 03, 2016, 10:53:13 AM One reason is that the governments don't want the people to flee from their own fiat. I totally agree with you. If I may add, another thing that the government wants the least is losing their control of the people. Money has been one of the major ways the government are controlling the people. If each and everyone in their country starts using Bitcoin, their power in controlling the society will be lessened. At that point, they can't put tax on people too. Which means that they can't put the money of the people (AKA tax) into their own bank accounts.In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world. When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it. That is what governments with weakened economic want the least. Title: Re: Why in some countries Bitcoin is banned Post by: guoyu78 on October 03, 2016, 11:21:01 AM One reason is that the governments don't want the people to flee from their own fiat. In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world. When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it. That is what governments with weakened economic want the least. You can read the reasons of the countries provided by them when they ban bitcoin and that is only one that feel that bitcoin will be easily used by criminals and the government is unable to control over the bitcoin and so they start to ban it instead of doing anything for it. But now theyrealize that it is not right and now they are thinking to allow it again. Title: Re: Why in some countries Bitcoin is banned Post by: Zadicar on October 03, 2016, 01:28:44 PM One reason is that the governments don't want the people to flee from their own fiat. In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world. When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it. That is what governments with weakened economic want the least. You can read the reasons of the countries provided by them when they ban bitcoin and that is only one that feel that bitcoin will be easily used by criminals and the government is unable to control over the bitcoin and so they start to ban it instead of doing anything for it. But now theyrealize that it is not right and now they are thinking to allow it again. Its not possible all the times because some countries do completely ban bitcoin and wont intend to change its decision because they saw bitcoin is a threat which is a dumb reason for them to ban it. I cant really see things that bitcoin should be banned to a certain country, even they stop it the hidden transaction would be still there. Title: Re: Why in some countries Bitcoin is banned Post by: Blitzboy on October 03, 2016, 02:08:19 PM I think it's maybe because if they let their people use bitcoin then they can hardly have full control on their people. Or just simply they don't like the idea of having anther kind of currency standing in their way.
Title: Re: Why in some countries Bitcoin is banned Post by: sempak on October 03, 2016, 02:19:46 PM I think it's maybe because if they let their people use bitcoin then they can hardly have full control on their people. Or just simply they don't like the idea of having anther kind of currency standing in their way. of course we will have the freedom that much more powerful. when the government closed bitcoin then they are also close to our knowledge of the technology.Title: Re: Why in some countries Bitcoin is banned Post by: serjent05 on October 03, 2016, 02:51:32 PM One reason is that the governments don't want the people to flee from their own fiat. In a country with already weak economic buying bitcoins brings the worth of the local fiat further down compared to the big fiats in the world. When somebody puts his money into bitcoins there is even more supply of the local currency that leads to a lower price for it. That is what governments with weakened economic want the least. I agree that government wants people to use their own currency not some currency from some internet because it will have a great impact in their economy. Another thing is that government wants a currency that they can control and monitor, so for those who are into this idea strictly have to ban any unknown currency for them to study it first before allowing it to be used by their citizen for precautionary purpose. Title: Re: Why in some countries Bitcoin is banned Post by: anaderwan on October 04, 2016, 04:35:35 PM Russia used to ban BTC because they were afraid of it impacted and decreasing the value of their local currency and so is china, since these countries strictly regulate the value of there local currencies, maybe they were also afraid of it being used for illegal activities.
Title: Re: Why in some countries Bitcoin is banned Post by: socks435 on October 04, 2016, 04:44:17 PM Russia used to ban BTC because they were afraid of it impacted and decreasing the value of their local currency and so is china, since these countries strictly regulate the value of there local currencies, maybe they were also afraid of it being used for illegal activities. How we can know that russia ban bitcoin? i saw a source just now here http://www.coindesk.com/russias-bitcoin-ban-draft-bill-withdrawn/I thought that there is no place that they can bitcoin since its a good opportunity that you can make a good profit in bitcoin. Title: Re: Why in some countries Bitcoin is banned Post by: sabbirshm on October 04, 2016, 05:45:10 PM There's Many reasons to banned bitcoin. Bangladesh have banned bitcoin because of hacking. A huge money has been hacked from Bangladesh bank and it's converted to bitcoin from fiat.The value of it was 8 thousand million money and they couldn't reach to the suspect because at bitcoin transfer none can tell where it has gone.Again,bitcoin is tax-free so government afraid that there fiat currency could be less-value.
Title: Re: Why in some countries Bitcoin is banned Post by: Milkduds on October 04, 2016, 06:16:47 PM Find that the Countries banning bitcoin are usually banning a whole lot of other things as well as they position to control the people in a fashion that is undemocratic so to speak. :D
Often it is just a talking point and no real back bone behind banning bitcoin and other times its just some overzealous politician thinking he is helping his almighty leader by giving the people one less thing they can depend on as the Country turns to shit. Title: Re: Why in some countries Bitcoin is banned Post by: InsideBjorn on October 04, 2016, 07:55:33 PM I think the reason why its in some country's banned because it can maybe destroy their own economy with their own currency in their country's.
Of course this will most likely not happen but I think they are just scared. Title: Re: Why in some countries Bitcoin is banned Post by: BitsandBites on October 05, 2016, 02:41:13 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . I do not know why Bitcoin is banned in some countries because it does not do any harm as far as I am aware of. I know that there are some criminals that make use of it and maybe some countries want to prevent that. Title: Re: Why in some countries Bitcoin is banned Post by: Selly Arumsari on November 28, 2016, 04:58:16 PM because goverment made it illegal , need to learning for goverment about bitcoin
Title: Re: Why in some countries Bitcoin is banned Post by: error08 on November 28, 2016, 05:46:59 PM I have seen a map showing in which countries is legal and illegal to use bitcoin. I think that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin. And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason. Luckily I live in country that allowed digital currency and not banned it. Bitcoin are not issued or regulated by any central bank which they can't control it and consider bitcoin could damage/ harm financial stability or beat out their own currency due to bitcoin advantages such as higher rate of exchange and offer a convenient way to conduct cross-border transaction without exchange rate fees like on banks, maybe that's why these countries banned bitcoin. Title: Re: Why in some countries Bitcoin is banned Post by: Zadicar on November 28, 2016, 05:49:25 PM because goverment made it illegal , need to learning for goverment about bitcoin They would surely banned it because they are only seeing the negative aspects of bitcoin which is commonly used for hidden illegal transactions thats why some governments do banned it because of it but if they could just see the positive sides of bitcoins they will surely allow it but well in reality governments decision are final and we cant do anything about it.Title: Re: Why in some countries Bitcoin is banned Post by: severaldetails on November 28, 2016, 05:58:03 PM because goverment made it illegal , need to learning for goverment about bitcoin They would surely banned it because they are only seeing the negative aspects of bitcoin which is commonly used for hidden illegal transactions thats why some governments do banned it because of it but if they could just see the positive sides of bitcoins they will surely allow it but well in reality governments decision are final and we cant do anything about it.The more criminals take use of bitcoin, the more bitcoin becomes a target of a government. In the eyes of a government one of the best ways to fight against crime is to remove money out the game. And some try to do that by banning bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: MingLee on November 28, 2016, 06:02:36 PM because goverment made it illegal , need to learning for goverment about bitcoin They would surely banned it because they are only seeing the negative aspects of bitcoin which is commonly used for hidden illegal transactions thats why some governments do banned it because of it but if they could just see the positive sides of bitcoins they will surely allow it but well in reality governments decision are final and we cant do anything about it.Title: Re: Why in some countries Bitcoin is banned Post by: hakanbalta577 on November 28, 2016, 06:10:27 PM I think the reason why its in some country's banned because it can maybe destroy their own economy with their own currency in their country's. I do not think there is any way on how bitcoin can destroy any countrys economy or local currency or even it will only help them.Of course this will most likely not happen but I think they are just scared. The government of some countries banned it may be because of the reason that they cannot control bitcoins and they want currencies used by peoples only be controlled by them. Title: Re: Why in some countries Bitcoin is banned Post by: crwth on November 28, 2016, 06:12:17 PM Since bitcoin is frequently questioned on how it's used, that made governments or monarchs aware of the possibility that it can be used for illegal stuff. They act on it like if normal citizens use bitcoin, they can be in grave danger. Based on my research, these countries: Iceland, Bolivia, Ecuador, Kyrgyzstan and Vietnam are the only countries that banned bitcoin. http://www.coindesk.com/information/is-bitcoin-legal/. There will always be an upside or downside to a compelling cryptocurrency such as bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: Mr.grin on November 28, 2016, 06:15:09 PM I think that there are some countries that proscribing the use of so bitcoin because it could increase the illegal transactions. Well, a lot of people who always exploit the advantages that have bitcoin transactions are very difficult to be tracked, so many people are buying and selling illegally, and that includes drug trafficking, and other illegal things
Title: Re: Why in some countries Bitcoin is banned Post by: socks435 on November 28, 2016, 06:18:31 PM I think that there are some countries that proscribing the use of so bitcoin because it could increase the illegal transactions. Well, a lot of people who always exploit the advantages that have bitcoin transactions are very difficult to be tracked, so many people are buying and selling illegally, and that includes drug trafficking, and other illegal things I think there is no proof that bitcoin is banned i heard many news or thread here about bitcoin that ban in some place but theres no proof that its ban.. Also if they are using it in illegal i think its just a normal because even in fiat illegal activities are happen.. bitcoin is use only for transaction the problem is that how to ship the product like drugs to the buyer.. Title: Re: Why in some countries Bitcoin is banned Post by: Greenenergy on November 28, 2016, 06:25:25 PM That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it.
Title: Re: Why in some countries Bitcoin is banned Post by: agamasrori on November 29, 2016, 06:56:09 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . The government of the country wants big control of their people money. If the people change their fiat into bitcoin. The fiat will get extreme inflation and givernment will lose control of theur people money. Title: Re: Why in some countries Bitcoin is banned Post by: Mr. Big on November 29, 2016, 07:05:25 AM That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it. No, I don't think that they care about bitcoin... I am also thinking that it has almost no effect in the economy of the country except if everyone is using it and not paying tax anymore in the government...The only thing that possibly could ban bitcoin in a country is the rampant use of it by the citizens in illegal activities... The more that it happens, the more pressure the users of it in a certain country will face... :) Title: Re: Why in some countries Bitcoin is banned Post by: abel1337 on November 29, 2016, 07:25:27 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . The government of the country wants big control of their people money. If the people change their fiat into bitcoin. The fiat will get extreme inflation and givernment will lose control of theur people money. Title: Re: Why in some countries Bitcoin is banned Post by: TastyChillySauce00 on November 29, 2016, 07:26:35 AM That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it. If their national currency (local fiat) is in trouble of having such a high inflation then their economic will also be in trouble. For the sake of keeping their economy stay in good condition then they don't have any option but banning bitcoin. It's not wrong for them, but maybe bitcoin can be an alternate option there if government just limit the usage of bitcoin. Though it's impossible to really limit the usage of bitcoin unless they put effort into itTitle: Re: Why in some countries Bitcoin is banned Post by: Babayega31 on November 29, 2016, 07:59:23 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . The government of the country wants big control of their people money. If the people change their fiat into bitcoin. The fiat will get extreme inflation and givernment will lose control of theur people money. Yes, i agree that these government ruling their country will really want control to their people who lives in the country specially when it comes to what a person earns for living. They cannot impose tax with bitcoin thats why they banned this cryptocurrency and this btc threatens them and are afraid to economic fall down due to use of bitcoin which is not true and i believe its just their speculations. Title: Re: Why in some countries Bitcoin is banned Post by: Adbitco on November 29, 2016, 08:03:27 AM I don't even know if bitcoin is banned in any country except for I read in this forum itself that it's banned or likely to be banned in Russia. Here in my country it's not banned instead the chances are that the government of my country may make good use of the technology bitcoin is based on that is block chain technology. I guess if it's banned in any country then maybe it's because the government of such countries have misconceptions about the digital currency. Maybe the government of such countries fear that their fiat currencies may lose it's value and importance and wide acceptance of bitcoin may lead to anarchy in their countries.
Title: Re: Why in some countries Bitcoin is banned Post by: romero121 on November 29, 2016, 09:18:28 AM Very few countries are with a scheduled plan to ban bitcoin within their country. The important reason is that, those countries were already facing economic fall. They fear that bitcoin might take the situation worse if adopted.
Title: Re: Why in some countries Bitcoin is banned Post by: serjent05 on November 29, 2016, 09:24:28 AM I think the reason why its in some country's banned because it can maybe destroy their own economy with their own currency in their country's. I do not think there is any way on how bitcoin can destroy any countrys economy or local currency or even it will only help them.Of course this will most likely not happen but I think they are just scared. The government of some countries banned it may be because of the reason that they cannot control bitcoins and they want currencies used by peoples only be controlled by them. Another reason is the absent of regulation, government are thinking that bitcoin might be use to promote fraud and illegal activities. And since government feel helpless about tracking them, they completely ban bitcoin so that they can file a case to people within their jurisdiction that use bitcoin. Title: Re: Why in some countries Bitcoin is banned Post by: FlightyPouch on November 29, 2016, 09:37:36 AM Well they are really concerned with their economies and they are just really afraid. Well thats one reason why bitcoin users are now decreasing and not increasing. Bitcoins price are getting higher and higher, bitcoin users there might be so so dissapointed. As far as I know there are many Bitcoin users in China.
Title: Re: Why in some countries Bitcoin is banned Post by: boybugs18 on November 29, 2016, 09:41:33 AM Some of them are paranoid that Bitcoin will be used for bad things and government can't control it because its decentralized . They can't get any revenue to it so that's why they are banning it.
Title: Re: Why in some countries Bitcoin is banned Post by: adi33 on November 29, 2016, 09:48:22 AM perhaps in the country do not accept bitcoin for many reasons. for example bitcoin will be used improperly for the transaction as a transaction of drugs or money to terrorists
Title: Re: Why in some countries Bitcoin is banned Post by: john2231 on November 29, 2016, 10:04:07 AM perhaps in the country do not accept bitcoin for many reasons. for example bitcoin will be used improperly for the transaction as a transaction of drugs or money to terrorists I think this is not the only reason why bitcoin is ban from some country they are not still trusting bitcoin because of many bad image that you can hear outside in this forum i heard many times about bitcoin is scam by ponzi sites and cloudmining site and i think the other thing to deal to someone because of the no chargeback or reverse payment or any customer protection.. many people are stopping using bitcoin also the anonymous transaction no verification for their identity this is one of the reason that is why bitcoin is ban.. Title: Re: Why in some countries Bitcoin is banned Post by: MTBTT on November 29, 2016, 10:19:16 AM That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it. true state usually have a specific reason why they forbid the use bitcoin in their country, of course it's because bitcoin has the potential to harm the country, maybe it was thought by their government?Title: Re: Why in some countries Bitcoin is banned Post by: izanagi narukami on November 29, 2016, 10:29:41 AM My goverment decide to ban bitcoin because bitcoin can be use for some people or some group to funding terorism activity or money laundry as our law are very against on them.
But there's no policy to arrest people for having bitcoin instead people using bitcoin with their own risk ! Title: Re: Why in some countries Bitcoin is banned Post by: xSkylarx on November 29, 2016, 11:09:03 AM Maybe because in that country, bitcoin is commonly used to buy some illegal products like drugs or deadly weapons. It is also used to hire a killer to kill someone by paying them bitcoin. But i think banning bitcoin is difficult because it is a currency online. If it's abnned in that country, people their will use a vpn or find some way to use bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: abel1337 on November 29, 2016, 11:12:46 AM Maybe because in that country, bitcoin is commonly used to buy some illegal products like drugs or deadly weapons. It is also used to hire a killer to kill someone by paying them bitcoin. But i think banning bitcoin is difficult because it is a currency online. If it's abnned in that country, people their will use a vpn or find some way to use bitcoin. I think europe will ban bitcoin in the future according to the news ive heard, I think Europe government is now making their move to ban bitcoin in their country, I think they will ban bitcoin sites and wallets and put some punishment if someone found using bitcoin in their country, It is a very bad news about European and bitcoin price could be affected if this occur Title: Re: Why in some countries Bitcoin is banned Post by: knyolku123 on November 29, 2016, 12:12:15 PM Maybe because in that country, bitcoin is commonly used to buy some illegal products like drugs or deadly weapons. It is also used to hire a killer to kill someone by paying them bitcoin. But i think banning bitcoin is difficult because it is a currency online. If it's abnned in that country, people their will use a vpn or find some way to use bitcoin. I think europe will ban bitcoin in the future according to the news ive heard, I think Europe government is now making their move to ban bitcoin in their country, I think they will ban bitcoin sites and wallets and put some punishment if someone found using bitcoin in their country, It is a very bad news about European and bitcoin price could be affected if this occur Title: Re: Why in some countries Bitcoin is banned Post by: hilmanaaldi on November 29, 2016, 12:26:56 PM Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin.
Title: Re: Why in some countries Bitcoin is banned Post by: 20kevin20 on November 29, 2016, 12:36:00 PM Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin. In every country people are doing this stuff no matter how much you want to stop it. You just can't, they'll be present at a time or another. This happens with every currency that exists in the world. Of course the criminals might prefer Bitcoin because it's anonymous, but if it wasn't Bitcoin it would be USD like it was until now. Title: Re: Why in some countries Bitcoin is banned Post by: diodio5 on November 29, 2016, 01:14:54 PM Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin. if the government thought that way, they should also prohibit their own currency, because currency of each country is also used for illegal activities?I think the government has another reason to prohibit the use of bitcoin Title: Re: Why in some countries Bitcoin is banned Post by: Wandering Soul~ on November 29, 2016, 05:30:57 PM They are banning bitcoin cause it is widely used on illegal activities for example in silkroad which is a black market . And even now bitcoin is still used for illegal purposes . The government might consider it as a threat or something .
But banning bitcoin completely is an impossible thing cause you will have to ban the internet to do that . As a result even if you its ban in your country you can still use it with a vpn or tor network . Title: Re: Why in some countries Bitcoin is banned Post by: Adelajda on November 29, 2016, 05:38:38 PM Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin. You can use fiat currency for terrorism drugs human trafficking so it does not matter what you do people will find a way to do illegal things and for that you cannot blame on bitcoin for all these illegal activities ,if government says so i would say they have no idea about bitcoin.Title: Re: Why in some countries Bitcoin is banned Post by: Sithara007 on November 29, 2016, 05:59:26 PM if the government thought that way, they should also prohibit their own currency, because currency of each country is also used for illegal activities? I think the government has another reason to prohibit the use of bitcoin The difference is that the government controls the supply of fiat currency, while they are helpless against the expansion and usage of Bitcoin. So there is an incentive for them to ban (or even discourage) the usage of Bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: socks435 on November 29, 2016, 06:33:04 PM Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin. You can use fiat currency for terrorism drugs human trafficking so it does not matter what you do people will find a way to do illegal things and for that you cannot blame on bitcoin for all these illegal activities ,if government says so i would say they have no idea about bitcoin.Title: Re: Why in some countries Bitcoin is banned Post by: Shenzou on November 29, 2016, 07:15:03 PM Due to it being used by drug dealers to promote their business and the fact that using bitcoin doesn't ask for any information about the person using it makes it the perfect opportunity to people to use for bad things like buying drugs and other illegal things , all these factors made some countrys ban using bitcoin especialy the ones that illeagal actions are high in
Title: Re: Why in some countries Bitcoin is banned Post by: CyberKuro on November 29, 2016, 07:49:04 PM I have seen a map showing in which countries is legal and illegal to use bitcoin. It's good to know which countries that banned bitcoin, but could you share the link to see the map as you mentioned.I think that the countries that do not allow bitcoin is maybe that they hear bad news for bitcoin. And as we know sadly a good percentage of bitcoin is being used in black markets and that could be the reason. From what I've read state the country banned bitcoin due to criminal activities such as money laundering and the government may think that bitcoin makes easier to anyone to eliminating the tracks of stolen/black money transactions. Title: Re: Why in some countries Bitcoin is banned Post by: el kaka22 on November 29, 2016, 08:11:16 PM Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin. I think every coutnry has their own pollicy and they have to follow thier police, but I think bitcoin is not yet banned in most of the coutries, therefore people are using it there freely, hope that most of the people will be thinking about bitcoin and hope that they will take a positive response about bitcoin legality.Title: Re: Why in some countries Bitcoin is banned Post by: Vuizel on November 29, 2016, 08:12:45 PM Maybe in that country, bitcoin is considered as the currency used for evil crime in cyberspace, example as drug trafficking, because sometimes selling drugs on the Internet is using bitcoin. In addition to drug trafficking, many money laundering and hackers using bitcoin. It is why some country prohibit the use of bitcoin. if the government thought that way, they should also prohibit their own currency, because currency of each country is also used for illegal activities?I think the government has another reason to prohibit the use of bitcoin Indeed, in some countries the bitcoin is banned because of the fact that it can let other economies collapse in that country.. Title: Re: Why in some countries Bitcoin is banned Post by: SvenBomvolen on November 29, 2016, 08:19:49 PM With banning bitcoin, internet currency, country protect their own monetary fond.
In case everyone of us here start to use ETH coin for example, what would happen with BTC coin? Same is with some country currency, some countries are afraid from this and that is for reason. How much is possible for some country to ban BTC? They can try that, with laws and some limitations, but in reality it will be hard for some country to control people who use bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: Rinder on November 29, 2016, 08:32:49 PM Its a funny step from Europe to ban bitcoin when, the black market does use fiat since several years, and they werent able to handle traffic neither to stop them, now they wanna to attack bitcoin, because some people does use it for ilegal purposes. They can try to stop bitcoin but they wont be able, people will hide their ip, will make anything to dont let their countrie know what they are doing.
If they do those at my country i will withdraw all my money from bank, and invest into bitcoin at some local seller, i dont need bank to have bitcoin, this kind of action just show how they are scared to loose power over the people, since they lost control from them several time ago. Title: Re: Why in some countries Bitcoin is banned Post by: mrsalve on November 29, 2016, 08:36:34 PM Something to read!
http://curia.europa.eu/jcms/upload/docs/application/pdf/2015-10/cp150128en.pdf Title: Re: Why in some countries Bitcoin is banned Post by: olubams on November 29, 2016, 08:54:50 PM Any country is actually free to decide on how they feel its the best way to go about it after considering the advantages and the disadvantages but what I am sure of is that it won't be unconnected to the fact that the government is unable to control it or the number of people using it are majorky using it to promote social vice so they felt its better to ban it altogether...
Title: Re: Why in some countries Bitcoin is banned Post by: Ryan Dugan on November 29, 2016, 08:59:20 PM It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court.
Title: Re: Why in some countries Bitcoin is banned Post by: Fatanut on November 30, 2016, 04:27:09 AM It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court. Actually, you can. There are also places where bitcoin transactions are going on and the personal information of the user is given (i.e. Facebook or any social media sites). You can easily pretend that you're going to buy something from that person and ask for his wallet address. That can be used as proof that he owns that address but the final decision will always come from the judge. You can also pretend to sell something and the wallet that he used to pay you surely belongs to him. Title: Re: Why in some countries Bitcoin is banned Post by: Caladonian on November 30, 2016, 04:36:41 AM It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court. Actually, you can. There are also places where bitcoin transactions are going on and the personal information of the user is given (i.e. Facebook or any social media sites). You can easily pretend that you're going to buy something from that person and ask for his wallet address. That can be used as proof that he owns that address but the final decision will always come from the judge. You can also pretend to sell something and the wallet that he used to pay you surely belongs to him. Title: Re: Why in some countries Bitcoin is banned Post by: OrangeII on November 30, 2016, 04:40:52 AM It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court. basically, bitcoin can not be banned, because bitcoin is a difficult instrument transactions to be tracked. but, it is easy to block sites related to bitcoin in a country. Well, maybe it was the way for them to specify a bitcoin, because it happened in a country that does not accept bitcoin bitcoin or make it illegalTitle: Re: Why in some countries Bitcoin is banned Post by: gribble on November 30, 2016, 04:44:01 AM I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes.
Title: Re: Why in some countries Bitcoin is banned Post by: traderethereum on November 30, 2016, 04:44:48 AM It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court. basically, bitcoin can not be banned, because bitcoin is a difficult instrument transactions to be tracked. but, it is easy to block sites related to bitcoin in a country. Well, maybe it was the way for them to specify a bitcoin, because it happened in a country that does not accept bitcoin bitcoin or make it illegalmaybe that country only banned for the site like OrangeII but not for the blockchain technology because if the government banned the site, i am sure that many people which using bitcoin will searching another way to use their bitcoin and i am bet that they will found that way and still using bitcoin. Title: Re: Why in some countries Bitcoin is banned Post by: christian1425 on November 30, 2016, 04:56:25 AM but lately not a few countries to learn more about bitcoin probably only a matter of time Maybe they don't know the value of Bitcoin ? Title: Re: Why in some countries Bitcoin is banned Post by: btcxyzzz on November 30, 2016, 10:31:29 AM The real question is why it's not already banned everywhere because it's highly disruptive for world "economy".
Title: Re: Why in some countries Bitcoin is banned Post by: diodio5 on November 30, 2016, 10:45:42 AM I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes. yeah potential in bitcoin might make fiat become irreplaceable. perhaps it is thought by governments which do banned, they think that bitcoin is growing very fast in their country and it threatened themTitle: Re: Why in some countries Bitcoin is banned Post by: tikrali on November 30, 2016, 10:52:43 AM where is it block?
Title: Re: Why in some countries Bitcoin is banned Post by: Nevis on November 30, 2016, 10:55:25 AM There are too man factors why but the most common thing is bitcoin is abused and being used on illegal things such as prostitution,drugs and terrorism on many country
Title: Re: Why in some countries Bitcoin is banned Post by: betohell on November 30, 2016, 11:29:45 AM There are too man factors why but the most common thing is bitcoin is abused and being used on illegal things such as prostitution,drugs and terrorism on many country nope I think the government will not press it considering all the currencies are also used for illegal activities, certainly the government has its own reasons why they forbid the use of bitcoin, one of them of course because it would threaten their currenciesTitle: Re: Why in some countries Bitcoin is banned Post by: gribble on November 30, 2016, 12:51:40 PM I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes. yeah potential in bitcoin might make fiat become irreplaceable. perhaps it is thought by governments which do banned, they think that bitcoin is growing very fast in their country and it threatened themActually Bitcoin Acceptance depends on proper education In the current era of disruptive technology, the creation and development of a number of cryptocurrencies has seen, has a great interest in the direction of the latest series of nations, governments and corporations. The majority of users do appreciate cryptocurrencies and apply the features as a flexible means of liquidity. Some other features such as privacy, have ease of transfer and potential to increase in value capable of accepting Cryptos. "The countries that banning usage of bitcoins need to understand that Bitcoin is new technology." Title: Re: Why in some countries Bitcoin is banned Post by: Barbut on November 30, 2016, 03:09:06 PM There is no answer on this question. Governments like to control everything, bitcoin isn't exception. I doubt that this will be some collective decision, if some country ban bitcoin that will be random cases.
I wonder who will dare to ban bitcoin, and how will they do it. Maybe this stories are here just to scare people to not use bitcoins, and to not transfer btheir wealth into bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: delliaerd on December 01, 2016, 04:09:36 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . The government wants really good control of their people money. If the people use bitcoin government can not tax it. Tax is one of important resource for the country beside the state-owned enterprises. But some of people cosulcative assembly or house of people's representative are corrupt it. But not all of them are do that, I am sure there are still good people in government. We aren't agree if government controls all of our money, are we? Title: Re: Why in some countries Bitcoin is banned Post by: canah17 on December 07, 2016, 11:21:37 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Its because some of the countries doesn't accept bitcoin yet and doesn't want to join the cyber world of bitcoin well the illegal websites are not accessible to any country because some countries are very strict when it comes to illegal website it may be a bad influence to their people that's why they will ban that website for they are not found to internet or illegal stuff in my country it doesn't matter its illegal or not but you have to do and they don't really trust the websites so far they think its a scam because they already tried it but they have been hacked a lot of bitcoin in there wallet well some, they can't really handle bitcoin because they don't understand it yet so they ban it. :) Title: Re: Why in some countries Bitcoin is banned Post by: Xester on December 07, 2016, 11:54:26 AM I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes. Its not just about taxes, its about the threat to financial banking systems and at the same time it is linked with the issue of being used in illicit activities. The government leaders, some of them. big people in the government has a relation with people with the banking sytems, the concept of decentralization is a threat to banks so banning it is one solution. Countries who are very strict in terms of upholding law bans bitcoin as it is used by syndicates in the black market without being traced. Title: Re: Why in some countries Bitcoin is banned Post by: Techie5879 on December 07, 2016, 01:02:48 PM Isn't it obvious when you just think about it for a little bit? There are several reasons why governments have banned Bitcoins. And some of them are pretty legitimate reasons too. For starters, Bitcoin is too anonymous and so it can't be tracked, thus this helps people who are involved in illegal stuff. Then there's the past record if Bitcoin and illegal stuff, like that silkroad case. Bitcoins have been used for crimes, I don't think anyone can deny it. Also, governments have banned it due to its volatility I guess, as it has shown signs of being pretty unstable. I think this is reason enough for banning Bitcoins.
Title: Re: Why in some countries Bitcoin is banned Post by: OrangeII on December 07, 2016, 01:17:12 PM There is no answer on this question. Governments like to control everything, bitcoin isn't exception. I doubt that this will be some collective decision, if some country ban bitcoin that will be random cases. in fact, there are some obvious reasons why the government does not make bitcoin be legal in their country, or make bitcoin into something illegal. I think, very clearly, that, bitcoin has the ability transactions very fast compared to the others. but, quick transaction makes bitcoin transactions become invisible or difficult to detect, and it is supported by the bitcoin transaction capabilities, which are hard to assess. it makes a lot of dark transactions , or illegal in some countries.I wonder who will dare to ban bitcoin, and how will they do it. Maybe this stories are here just to scare people to not use bitcoins, and to not transfer btheir wealth into bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: tortic25 on December 07, 2016, 01:19:00 PM banning bitcoin is like banning internet, not feasible, keeps using it no matter what crap they say like they put you in jail or stuff like that, the truth is that they cannot do shit 1. the FBI can block a country from a domain like pokerstars. 2. VPN would help but it if disconnects "because most people only know how to setup 1layer" the government whould have your ip" 3. Banks would most likely not allow it "so they can't pay for an exchange" 4. "put you in jail or stuff like that" yep jail is not likely all the 3rd world countries would probably shoot you. Title: Re: Why in some countries Bitcoin is banned Post by: ethereumhunter on December 07, 2016, 01:25:29 PM I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes. i think its true, maybe government afraid that in someday, people will not trust the government to protect fiat from new currency like bitcoin. the government wants to make sure that fiat still safe to be use for their citizen and make a limit for bitcoin and preventing bitcoin used many people. Title: Re: Why in some countries Bitcoin is banned Post by: Red-Apple on December 07, 2016, 01:29:23 PM banning bitcoin is like banning internet, not feasible, keeps using it no matter what crap they say like they put you in jail or stuff like that, the truth is that they cannot do shit 1. the FBI can block a country from a domain like pokerstars.2. VPN would help but it if disconnects "because most people only know how to setup 1layer" the government whould have your ip" 3. Banks would most likely not allow it "so they can't pay for an exchange" 4. "put you in jail or stuff like that" yep jail is not likely all the 3rd world countries would probably shoot you. 1) what does FBI and banning of one random site that i have never heard of has to do anything with banning of bitcoin in some countries! 2) government is not sitting out there giving up all the other more important problems by dedicating resources to see who uses bitcoin to find them. and even if they do find your IP the worst thing is a warning from your ISP to your Email which you can simply ignore. 3) there are always other ways to pay for an exchange to buy/sell bitcoin 4) LOL, you watch too many movies. Title: Re: Why in some countries Bitcoin is banned Post by: Zadicar on December 07, 2016, 01:40:13 PM They banned bitcoin because they saw its a threat to their government and also many businesses will surely dont like that bitcoin will be adopted to their place especially money remittances and other means on which people do buy and use, Banning bitcoin because of illegal transactions and gambling sites.
Title: Re: Why in some countries Bitcoin is banned Post by: tortic25 on December 07, 2016, 01:55:10 PM banning bitcoin is like banning internet, not feasible, keeps using it no matter what crap they say like they put you in jail or stuff like that, the truth is that they cannot do shit 1. the FBI can block a country from a domain like pokerstars.2. VPN would help but it if disconnects "because most people only know how to setup 1layer" the government whould have your ip" 3. Banks would most likely not allow it "so they can't pay for an exchange" 4. "put you in jail or stuff like that" yep jail is not likely all the 3rd world countries would probably shoot you. 1) what does FBI and banning of one random site that i have never heard of has to do anything with banning of bitcoin in some countries! 2) government is not sitting out there giving up all the other more important problems by dedicating resources to see who uses bitcoin to find them. and even if they do find your IP the worst thing is a warning from your ISP to your Email which you can simply ignore. 3) there are always other ways to pay for an exchange to buy/sell bitcoin 4) LOL, you watch too many movies. 1. The one random site means they have the power to ban any domain sites that provide wallet software, exchanges, gambling what ever they wanted. 2. yeah a warning is what we would get until it's illegal maybe you should watch a bit more tv? or a little more reading because i'm sure most of the people here know.. prison sentences are much longer for cyber criminals. the government cares more about controlling the internet that hackers"who caused financial damage" would get more time then pedos who "scared a child for life" 3. i guess you're right they could use giftcards, but purchases via giftcard always offers a lower trade ratio for the buyer and with most services not avalible to them i don't see the point. 4. https://www.theguardian.com/news/datablog/2011/mar/29/death-penalty-countries-world You probably have never seen this site and with how ignorent you are let me save us some time and suggest google you can pick from the hundreds of reports "not movies" Title: Re: Why in some countries Bitcoin is banned Post by: rizkyhiw on December 07, 2016, 02:14:10 PM I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes. i think its true, maybe government afraid that in someday, people will not trust the government to protect fiat from new currency like bitcoin. the government wants to make sure that fiat still safe to be use for their citizen and make a limit for bitcoin and preventing bitcoin used many people. but they are fear about people who can store the wealth in bitcoin without get taxed also bitcoin suspected as a payment gateaway for illegal markets that's why in my opinion there is so many country ban bitcoin. Title: Re: Why in some countries Bitcoin is banned Post by: serjent05 on December 07, 2016, 02:28:49 PM It is not banned anywhere. They can not ban it it will never be controlled. How will anyone know who is doing what with their bitcoin and when ? You can't probe someone owns the bitcoins so there is no case to win in court. basically, bitcoin can not be banned, because bitcoin is a difficult instrument transactions to be tracked. but, it is easy to block sites related to bitcoin in a country. Well, maybe it was the way for them to specify a bitcoin, because it happened in a country that does not accept bitcoin bitcoin or make it illegalThe only thing the government can do to bitcoin is regulate it in their own country or make it illegal or at least announced that using bitcoin is illegal to its populace. Once government cannot fully ban the use of bitcoin because of bitcoin's nature. Being decentralized and anonymous to some extent. You can also look at the case of torrent here where government are trying their best to shutdown this sites because it promotes piracy but then since people in different country had already seeded the file, anyone can still download the said file and can seed it if he wants. Bitcoin almost function the same as torrent files in some content. The being decentralized peer to peer network. Title: Re: Why in some countries Bitcoin is banned Post by: Vaskiy on December 07, 2016, 03:13:03 PM Countries with a growing economy consider bitcoin a means for the national currency's devaluation as well an source which decreases the use of local currency. But in reality it serves for growth and in advancement in the fast moving world. Over the years to come the country which adopts bitcoin officially and starting to regulate will experience a great growth in economy.
Title: Re: Why in some countries Bitcoin is banned Post by: dihari on December 07, 2016, 03:13:27 PM One the many reason is, the government cannot control this crypto currency (bitcoin) because of risk that can make peoples loss their money with anonymous transactions.
Title: Re: Why in some countries Bitcoin is banned Post by: UDC on December 07, 2016, 05:51:29 PM Countries with a growing economy consider bitcoin a means for the national currency's devaluation as well an source which decreases the use of local currency. But in reality it serves for growth and in advancement in the fast moving world. Over the years to come the country which adopts bitcoin officially and starting to regulate will experience a great growth in economy. i think you're overestimating the effect bitcoin currently has in the local economies Title: Re: Why in some countries Bitcoin is banned Post by: darklus123 on December 07, 2016, 06:10:15 PM Countries with a growing economy consider bitcoin a means for the national currency's devaluation as well an source which decreases the use of local currency. But in reality it serves for growth and in advancement in the fast moving world. Over the years to come the country which adopts bitcoin officially and starting to regulate will experience a great growth in economy. You got a great point there. This certain country that banned bitcoin as a way of transaction or simply currency can't just allow bitcoin which is a peer2peer type of technology that can degrade the current adoption of their local currency. Why would they allow bitcoin in a certain position to interact with their local currency? Title: Re: Why in some countries Bitcoin is banned Post by: socks435 on December 07, 2016, 06:11:38 PM One the many reason is, the government cannot control this crypto currency (bitcoin) because of risk that can make peoples loss their money with anonymous transactions. they are still not locally use or legal use by government because they are seen many illegal activities happen with bitcoin like someone say or i read a thread before that there is a teacher teaching about bitcoin that bitcoin is use for illegal activities.. so to them it is still risky to use bitcoin that is why some of countries ban bitcoin.. Title: Re: Why in some countries Bitcoin is banned Post by: sportis on December 07, 2016, 06:15:15 PM I think because bitcoins can not be controled by government and it can kill fiat money, if all of people on countries use bitcoins for payment method in their real life, the fiat money will be useless and it is mean the government can not become regulator and can not take taxes. i think its true, maybe government afraid that in someday, people will not trust the government to protect fiat from new currency like bitcoin. the government wants to make sure that fiat still safe to be use for their citizen and make a limit for bitcoin and preventing bitcoin used many people. but they are fear about people who can store the wealth in bitcoin without get taxed also bitcoin suspected as a payment gateaway for illegal markets that's why in my opinion there is so many country ban bitcoin. Governments levy tax to income and properties. That is, if you declare your income or if you have a car or you own a house you will pay taxes regardless which coin use. Of course if you live in a country with strong economy consequently with strong currency government wants to prevent the national currency but this is different from taxation. Title: Re: Why in some countries Bitcoin is banned Post by: bitbunnny on December 07, 2016, 06:32:03 PM Some countries probably have fear of Bitcoin, they think that it could maybe influence on their economy or they beleive that is used only for illegal activities. People have always fear from new and inovative things. But this is only the case in some less developed countries.
Title: Re: Why in some countries Bitcoin is banned Post by: Cactushrt on December 07, 2016, 06:41:43 PM One the many reason is, the government cannot control this crypto currency (bitcoin) because of risk that can make peoples loss their money with anonymous transactions. Yes bitcoins are banned in one country because government cant control this crypto currency and maybe we can say that government are also aware of bitcoins has no taxesTitle: Re: Why in some countries Bitcoin is banned Post by: UDC on December 07, 2016, 06:46:16 PM Some countries probably have fear of Bitcoin, they think that it could maybe influence on their economy or they beleive that is used only for illegal activities. People have always fear from new and inovative things. But this is only the case in some less developed countries. imo it's an easy argument to dismiss the reality, because bitcoin is still mostly used for illegal activities: gambling is regulated in most countries (if not all), trading has capital/gain tax, darknet markets sell (99% of) illegal stuff and don't pay sales tax, etc... Considering that tax avoidance is already rampant, it's understandable that countries have an aversion for it, some just think the best course is to ban while others try to regulate (like the US when they asked for coinbase data) Title: Re: Why in some countries Bitcoin is banned Post by: Invulner on December 07, 2016, 09:53:12 PM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . It is a simple answer. The government knows that bitcoin is a way to avoid their regulations and to avoid the central banking system. That's why they want to regulate or ban it outright. However these actions taking by the government is usually ineffective because the bitcoin technology is P2P and they can't shut the entire network down. Title: Re: Why in some countries Bitcoin is banned Post by: viziano on December 07, 2016, 09:58:44 PM My country doesn't really care..
They are fucked up without BTC. So yea.. Title: Re: Why in some countries Bitcoin is banned Post by: Clement Kaliyar on December 07, 2016, 10:07:46 PM My country doesn't really care.. Where are you from.Most countries does not have a clue about what bitcoin is all about and so the law makers are not sure about how to deal with it and so most of the countries that fear it would ruin their economy will ban them and the rest of them are waiting to see on how to deal with it. I am sure government will find this a viable option to earn some tax and every country will start accepting it.They are fucked up without BTC. So yea.. Title: Re: Why in some countries Bitcoin is banned Post by: expressbtc07 on December 07, 2016, 11:49:07 PM Only weak cowardly governments try to ban bitcoin. And it never works! It never will either. 8)
Title: Re: Why in some countries Bitcoin is banned Post by: UDC on December 08, 2016, 12:23:34 AM My country doesn't really care.. They are fucked up without BTC. So yea.. well just look at Venezuela, their currency's hyperinflating yet there's no significant adoption of bitcoin Title: Re: Why in some countries Bitcoin is banned Post by: gilangIDR on December 08, 2016, 12:28:35 AM because bitcoin has a characteristic that the price is always going up and down quickly. bitcoin prices are so easy to change. so most of a government in the state will prohibit bitcoin on the grounds of national security.
Title: Re: Why in some countries Bitcoin is banned Post by: clickerz on December 08, 2016, 12:45:40 AM One the many reason is, the government cannot control this crypto currency (bitcoin) because of risk that can make peoples loss their money with anonymous transactions. Yes bitcoins are banned in one country because government cant control this crypto currency and maybe we can say that government are also aware of bitcoins has no taxesProbably yes, because the government can not control and can not get their share in the form of tax. Also, possible reason for banning is that it can disrupt the fiat transaction or a significant portion of it. In addition, because of its anonymous feature it is the favorite choice of person doing illegal activities. Title: Re: Why in some countries Bitcoin is banned Post by: Pearls Before Swine on December 08, 2016, 12:57:39 AM A lot of counties see Bitcoin as the ultimate money laundering tool. If more and more people keep getting aware of its existence, they may all start working for Bitcoin under the table to not report any taxes, but for this more merchants would need to arise. Exactly this. And it's seen as anonymous, and governments of course don't like that. I do recall reading a while back that Russia banned bitcoin. Is that true? Has it been enforced, if that's the case? I haven't seen much more about that in a while.My guess is that governments are going to regulate it rather than ban it. They're not going to be able to do the latter very effectively anyhow. Title: Re: Why in some countries Bitcoin is banned Post by: drakker on December 08, 2016, 01:15:07 AM I think some countries banned bitcoins because the government knows that it was a threat to them especially when it involves in illegal activities like drugs etc. Some other countries like US will probably banned bitcoins in no time. Almost all illegal activities now are done with bitcoins that is why its a threat to the government.
Title: Re: Why in some countries Bitcoin is banned Post by: warwar on December 08, 2016, 01:37:34 AM One the many reason is, the government cannot control this crypto currency (bitcoin) because of risk that can make peoples loss their money with anonymous transactions. Yes bitcoins are banned in one country because government cant control this crypto currency and maybe we can say that government are also aware of bitcoins has no taxesProbably yes, because the government can not control and can not get their share in the form of tax. Also, possible reason for banning is that it can disrupt the fiat transaction or a significant portion of it. In addition, because of its anonymous feature it is the favorite choice of person doing illegal activities. Well I do agree on you! Bitcoin has a feature that is really anonymous that's why they are using it on illegal activities but as my self bitcoin transactions and blockchain is traceable ! All the things in the internet is traceable ! Internet is a huge network so it can be detect by one user or more. Well we could say bitcoin is anonymous but not really. Title: Re: Why in some countries Bitcoin is banned Post by: Ashong Salonga on December 08, 2016, 02:22:56 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Some countries banned bitcoin like Israel is becsuse of using bitcoin in illegal activity. Yet, banning bitcoin in a country doesn't mean can not be use totally. Some uses proxy in order to operate that. Hence, banning bitcoin in a country can't stop people to top using it.Title: Re: Why in some countries Bitcoin is banned Post by: Pattart on December 08, 2016, 02:35:51 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . Some countries banned bitcoin like Israel is becsuse of using bitcoin in illegal activity. Yet, banning bitcoin in a country doesn't mean can not be use totally. Some uses proxy in order to operate that. Hence, banning bitcoin in a country can't stop people to top using it.Title: Re: Why in some countries Bitcoin is banned Post by: andrei56 on December 08, 2016, 02:47:27 AM Because there is not a central authority that controls bitcoin and that can be held responsible for the possible uses or misuses the general public may give to this cryptocurrency.
Title: Re: Why in some countries Bitcoin is banned Post by: onyek16M on December 08, 2016, 03:20:22 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . this is because they think bitcoin is illegal activities , they don't know about bitcoin that bitcoin is good thingTitle: Re: Why in some countries Bitcoin is banned Post by: 20kevin20 on December 08, 2016, 03:45:36 AM Because there is not a central authority that controls bitcoin and that can be held responsible for the possible uses or misuses the general public may give to this cryptocurrency. Aren't they the same misuses the USD has too? I mean you can do the same things with both, Bitcoin is money so is USD. This isn't an excuse to ban Bitcoin. Illegal activities happen whether we like it or not, and we can't stop them no matter how much we try it. Title: Re: Why in some countries Bitcoin is banned Post by: jak3 on December 08, 2016, 03:52:42 AM there are several reasons like it is mostly being used for illigal transactions , people started using it in a result of that banks and governments lossing some power and money and so on
Title: Re: Why in some countries Bitcoin is banned Post by: doomistake on December 08, 2016, 06:50:34 AM Maybe because they are violating rules in their country by using bitcoin like they are buying illegal drugs online or there are online sites that sells this stuff, and to prevent this kind of illegal activities they have banned bitcoin since it is the payment that is accepting on that certain site or the buyers used. That is why bitcoin is being banned on some countries.
Title: Re: Why in some countries Bitcoin is banned Post by: stomachgrowls on December 08, 2016, 07:03:04 AM They are banned because some countries sees bitcoin as a threat and could able to increase criminality on such place this thing is definitely true but it really depends on the people on how they gonna use bitcoin its either on good or bad but for me i could say bitcoin is really useful and should not be banned.
Title: Re: Why in some countries Bitcoin is banned Post by: klf on December 08, 2016, 07:17:47 AM Why in some countries Bitcoin is banned is the accepting of Bitcoin by websites and that are illegal . this is because they think bitcoin is illegal activities , they don't know about bitcoin that bitcoin is good thingIt is not just that bitcoins can be used for good things. But the transactions governments can't trace they worried that people can use for illegal things or to avoid paying taxes. Those reasons are valid ones. But in future they may come up with some regulations and start accepting these bitcoins. Title: Re: Why in some countries Bitcoin is banned Post by: virasog on December 08, 2016, 12:13:53 PM You are asking some countries banned the bitcoin, You should explain which countries are banned the bitcoin?
Actually, i don't know any country banned it. But i know that in many country, bitcoin is not used in official level, but it doesn't mean that those countries banned it. Title: Re: Why in some countries Bitcoin is banned Post by: Tanic on December 12, 2016, 03:30:33 PM I don't know any country where bitcoin is banned. But I know that for example in Russia the site Betcoin.ag is banned. I am from Russia and I just couldn't use that site there. We have strong rules with all the kind of casinos, so maybe that's why.
Title: Re: Why in some countries Bitcoin is banned Post by: abel1337 on December 12, 2016, 03:35:12 PM I don't know any country where bitcoin is banned. But I know that for example in Russia the site Betcoin.ag is banned. I am from Russia and I just couldn't use that site there. We have strong rules with all the kind of casinos, so maybe that's why. Thats rule of your country was so strong that gambling sites was banned. Here in my country we have a law that you can gamble online but our government didnt do a thing in order us to not play gambling games. They didnt block the sites, Thats why Im happy that i can play gambling with my bitcoin.Title: Re: Why in some countries Bitcoin is banned Post by: sabbirshm on December 12, 2016, 03:54:23 PM Bitcoins transactions is untraceable so.government can't control it's transaction.So Few bad people do illegal activities through bitcoin.Mostly bitcoin is used for money laundry.I know a country name Bangladesh banned bitcoin because of money laundering.
Title: Re: Why in some countries Bitcoin is banned Post by: hawkins on December 12, 2016, 04:43:10 PM Bitcoins transactions is untraceable so.government can't control it's transaction.So Few bad people do illegal activities through bitcoin.Mostly bitcoin is used for money laundry.I know a country name Bangladesh banned bitcoin because of money laundering. you are right. bitcoin is often used as money laundering, and to do something illegal, because it would be very difficult to track if the money has been entered into the path of bitcoin. Well, look at the losses, many countries are being vigilant with bitcoin. but, I feel that it is one of the reasons bitcoin banned in several countries.Title: Re: Why in some countries Bitcoin is banned Post by: rajasumi2 on December 22, 2016, 02:34:46 AM In countries bitcoins are banned because of the following reasons
-people are using too many bitcoins for drugs ,money laundering and other bad things. -they want their own currency to be circulated rather than any digital cryptocurrency. Title: Re: Why in some countries Bitcoin is banned Post by: ilovefeetsmell on December 22, 2016, 03:17:22 AM Very confusing! well, why the bitcoin banned in other countries? just simply because that they can't get benefit from it. Maybe other people use the bitcoin in a bad ways like the criminal activities, fraud and many more.
Title: Re: Why in some countries Bitcoin is banned Post by: diegz on December 22, 2016, 05:28:02 AM Very confusing! well, why the bitcoin banned in other countries? just simply because that they can't get benefit from it. Maybe other people use the bitcoin in a bad ways like the criminal activities, fraud and many more. Benefits? no, countries and government has more money compared to bitcoin, they won't just ban it because they can't get anything from it. Illegal activities? yes of course, that's the reason why a country would ban things that could cause trouble and hurt their people. Instead of banning bitcoin, I am sure government would just be imposing tax to the exchanges, where we don't have a choice but to just accept it. Title: Re: Why in some countries Bitcoin is banned Post by: mornabo on December 22, 2016, 05:51:24 AM there are several reasons like it is mostly being used for illigal transactions , people started using it in a result of that banks and governments lossing some power and money and so on may be just like that, the government would not do it when they do not get any compensation. of course the government gets any loss or bitcoin government would jeopardize their bank or currencyTitle: Re: Why in some countries Bitcoin is banned Post by: Rooster101 on December 22, 2016, 06:04:34 AM Some countries seem to have banned bitcoin and other tried to prevent the use of it but backtracked later. The cryptocurrency can be use by anyone through legal and illegal means, and the authorities like law enforcement, tax authorities and regulators has keeping an eye on some bitcoin users.
Title: Re: Why in some countries Bitcoin is banned Post by: Mbah Slamet on December 22, 2016, 06:25:09 AM Some countries seem to have banned bitcoin and other tried to prevent the use of it but backtracked later. The cryptocurrency can be use by anyone through legal and illegal means, and the authorities like law enforcement, tax authorities and regulators has keeping an eye on some bitcoin users. Everything is true, and the most important is full control. The country must be have full control of currency used, it is to control inflation, make economic policies and other strategic measures. Bitcoin can not be controlled so as not to be used by the State. And also, bitcoin can use for money laundering. Title: Re: Why in some countries Bitcoin is banned Post by: megynacuna on December 22, 2016, 06:44:21 AM Very confusing! well, why the bitcoin banned in other countries? just simply because that they can't get benefit from it. Maybe other people use the bitcoin in a bad ways like the criminal activities, fraud and many more. People are able to escape income tax with it so bitcoins isn't favored by some governments worldwide because they're unable to tax their citizenry as they ought. Fraud is also another factor as it's easily transferable so criminal organizations and drug peddlers find it convenient to adopt in their dealings hence some concerned countries frown on it. Title: Re: Why in some countries Bitcoin is banned Post by: Mr. Big on December 22, 2016, 12:21:47 PM Some countries seem to have banned bitcoin and other tried to prevent the use of it but backtracked later. The cryptocurrency can be use by anyone through legal and illegal means, and the authorities like law enforcement, tax authorities and regulators has keeping an eye on some bitcoin users. Everything is true, and the most important is full control. The country must be have full control of currency used, it is to control inflation, make economic policies and other strategic measures. Bitcoin can not be controlled so as not to be used by the State. And also, bitcoin can use for money laundering. When we say government, it is the whole system, everything around it that make it run. Now, if a government wants a full control of bitcoin, I doubt it that it is for the good and for the benefit of everyone/everything in the system, for sure there's something fishy in it, and someone in it wants to take advantage of it and it's more like a personal interest. What comes into my mind when I read comments that a government wants to control bitcoin is there is a corrupt official in it that wants bitcoin or there is someone that really wants it not for the good of everyone but for their own good. Title: Re: Why in some countries Bitcoin is banned Post by: Achargeturry78 on December 22, 2016, 12:37:09 PM In bank statement that i heard about bitcoin is Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto-currency is a punishable offense And China is the biggest marketcoin for bitcoin now some of countries are bannind and unbanning bitcoin because of its potential to help others they banning it because their goverment don't want them to use other currency.
Title: Re: Why in some countries Bitcoin is banned Post by: tabas on December 22, 2016, 12:40:34 PM In bank statement that i heard about bitcoin is Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto-currency is a punishable offense And China is the biggest marketcoin for bitcoin now some of countries are bannind and unbanning bitcoin because of its potential to help others they banning it because their goverment don't want them to use other currency. Those countries that are banning bitcoins sees that it is just a tool for illegal transactions because they are not looking at its beautiful characteristics that it can be useful and helpful with the governments economy. And for those who are unbanning bitcoins, they just realized that the qualities that bitcoins have will give benefits to them. Title: Re: Why in some countries Bitcoin is banned Post by: klf on December 22, 2016, 12:49:35 PM In bank statement that i heard about bitcoin is Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto-currency is a punishable offense And China is the biggest marketcoin for bitcoin now some of countries are bannind and unbanning bitcoin because of its potential to help others they banning it because their goverment don't want them to use other currency. Those countries that are banning bitcoins sees that it is just a tool for illegal transactions because they are not looking at its beautiful characteristics that it can be useful and helpful with the governments economy. And for those who are unbanning bitcoins, they just realized that the qualities that bitcoins have will give benefits to them. I think only a few countries that they are allowed to use Bitcoin. I don't know what revenue that country government is getting from Bitcoin transaction. The main reason why bitcoin is not accepting in all country means they will not get any income from this bitcoin transaction that is why this Bitcoin is banned in many countries. Title: Re: Why in some countries Bitcoin is banned Post by: jethrorn99 on December 22, 2016, 01:07:40 PM Bitcoin is used my a lot of people for gambling (for some countries that banned gambling) and buying things from a black market in the internet. That makes the goverment thinks that bitcoin is only used for doing illegal things and then they banned it for that.
And it's harder for the goverment to track the transaction of people. People could buy illegal things and they didn't know it, hence creating the idea to just ban bitcoin and force them to use fiat since it's easier to keep track of people. Title: Re: Why in some countries Bitcoin is banned Post by: marcoman22 on December 22, 2016, 01:09:32 PM Yes some governments fear that they may loose their tax revenue due to Bitcoins.Moreover, Bitcoin transactions are not traceable and so governments cannot trace persons who use Bitcoins for illegal activities. In india, severe measures are taken against black money and i heard lots of blackmoney holders in india are shifting their investments to bitcoins. For these reasons, some countries ban Bitcoins.
Title: Re: Why in some countries Bitcoin is banned Post by: dunfida on December 22, 2016, 01:34:26 PM In bank statement that i heard about bitcoin is Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto-currency is a punishable offense And China is the biggest marketcoin for bitcoin now some of countries are bannind and unbanning bitcoin because of its potential to help others they banning it because their goverment don't want them to use other currency. Those countries that are banning bitcoins sees that it is just a tool for illegal transactions because they are not looking at its beautiful characteristics that it can be useful and helpful with the governments economy. And for those who are unbanning bitcoins, they just realized that the qualities that bitcoins have will give benefits to them. I think only a few countries that they are allowed to use Bitcoin. I don't know what revenue that country government is getting from Bitcoin transaction. The main reason why bitcoin is not accepting in all country means they will not get any income from this bitcoin transaction that is why this Bitcoin is banned in many countries. Title: Re: Why in some countries Bitcoin is banned Post by: NEWGOODOUBLE on December 22, 2016, 02:07:50 PM Some countries seem to have banned bitcoin and other tried to prevent the use of it but backtracked later. The cryptocurrency can be use by anyone through legal and illegal means, and the authorities like law enforcement, tax authorities and regulators has keeping an eye on some bitcoin users. the government must have known that bitcoin users will not be given a tax, and it certainly will give negative effect to the bitcoin future, perhaps as a ban on the use of bitcoin or elsein some countries this is already happening Title: Re: Why in some countries Bitcoin is banned Post by: ljudotina on December 22, 2016, 02:16:58 PM It's question of financial freedoms. Depends from country to country how much financial freedom is given to it's population. Lower the freedom, bigger chances that BTC will be banned sooner or later. You can basicly predict it on basis of freedom movement inside country.
but on the other hand, just as someone said before, banning Bitcoin is just like banning Internet. Not fiseable. You can make it illegal, but stopping people from using it would be hard if not impossible. Title: Re: Why in some countries Bitcoin is banned Post by: Sumonrwb on December 22, 2016, 02:32:08 PM where is it banned in your opinion :) ? Hello , it's also needful for me , Thanks . Title: Re: Why in some countries Bitcoin is banned Post by: jak3 on December 22, 2016, 03:13:46 PM some countries banded bitcoin because their governments are scared of bitcoin. its simple any government did not have any rules or power or restriction around bitcoin so they are simply ignoring it. i come to hear that my government will soon implent some taxation on bitcoin in my country so hopfully we need to pay some extra tax
Title: Re: Why in some countries Bitcoin is banned Post by: Bigdan on December 22, 2016, 04:25:20 PM Well from what I've observed, nations/countries themselves haven't introduced bans on bitcoins except Ecuador I think but the rest has to do with central banks in those countries who have seen bitcoins as a threat and have therefore issued bans against its dealings and usage. In a country like Ecuador the ban 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.
Title: Re: Why in some countries Bitcoin is banned Post by: poplolnman on December 22, 2016, 05:08:03 PM some countries banded bitcoin because their governments are scared of bitcoin. its simple any government did not have any rules or power or restriction around bitcoin so they are simply ignoring it. i come to hear that my government will soon implent some taxation on bitcoin in my country so hopfully we need to pay some extra tax i agree that government have no authority/power to ban bitcoin, people would just keep using it no matter what. however in several countries i guess there is a tax implemented already for bitcoin investor, bitcoin business and any other kind of bitcoin holder. so people don't need to worry about the tax in bitcoin.Title: Re: Why in some countries Bitcoin is banned Post by: bitllionaire on December 22, 2016, 06:06:42 PM there are several reasons like it is mostly being used for illigal transactions , people started using it in a result of that banks and governments lossing some power and money and so on may be just like that, the government would not do it when they do not get any compensation. of course the government gets any loss or bitcoin government would jeopardize their bank or currencyTitle: Re: Why in some countries Bitcoin is banned Post by: millgates on December 22, 2016, 10:34:55 PM some countries banded bitcoin because their governments are scared of bitcoin. its simple any government did not have any rules or power or restriction around bitcoin so they are simply ignoring it. i come to hear that my government will soon implent some taxation on bitcoin in my country so hopfully we need to pay some extra tax You are right, government will lose control of their people money. Some people in china and yunani choose bitcoin to avoid government control. Bitcoin gives so many advantage to the customer but not for government. But I think government still can take the tax of bitcoin if people buy bitcoin in legal place. Title: Re: Why in some countries Bitcoin is banned Post by: BeGoods on December 22, 2016, 10:59:05 PM Some countries seem to have banned bitcoin and other tried to prevent the use of it but backtracked later. The cryptocurrency can be use by anyone through legal and illegal means, and the authorities like law enforcement, tax authorities and regulators has keeping an eye on some bitcoin users. I think all true cryptocurrency, including bitcoin can still continue to use, although the government of your country banning bitcoin, after all, what the government can do to you ? they will not know that you are a user of bitcoinTitle: Re: Why in some countries Bitcoin is banned Post by: Ocytrem on December 23, 2016, 12:14:49 AM This has been told several times but its true these countries that are doing this are simply just to scared that the bitcoin takes over their own currency in the hard times.
Title: Re: Why in some countries Bitcoin is banned Post by: Bitcoin0916 on December 23, 2016, 01:16:52 AM This has been told several times but its true these countries that are doing this are simply just to scared that the bitcoin takes over their own currency in the hard times. I think on the contrary, when the country experienced the difficulties of finance, they will be trying to find the best alternative solution, instead of other countries which have interests and benefit from the difficulties of other countries will seek to continue to create dependency of the difficult state.Title: Re: Why in some countries Bitcoin is banned Post by: tabas on December 23, 2016, 06:01:41 AM In bank statement that i heard about bitcoin is Bitcoin is not a legal tender of any country. Any transaction through Bitcoin or any other crypto-currency is a punishable offense And China is the biggest marketcoin for bitcoin now some of countries are bannind and unbanning bitcoin because of its potential to help others they banning it because their goverment don't want them to use other currency. Those countries that are banning bitcoins sees that it is just a tool for illegal transactions because they are not looking at its beautiful characteristics that it can be useful and helpful with the governments economy. And for those who are unbanning bitcoins, they just realized that the qualities that bitcoins have will give benefits to them. I think only a few countries that they are allowed to use Bitcoin. I don't know what revenue that country government is getting from Bitcoin transaction. The main reason why bitcoin is not accepting in all country means they will not get any income from this bitcoin transaction that is why this Bitcoin is banned in many countries. Those countries that are getting revenue from bitcoin is not totally from bitcoin but from those registered establishments who are knowingly associated with any bitcoin activity and that's the way the government is profiting from those companies by simply taxing their company and giving them obligation to do some contributions. Title: Re: Why in some countries Bitcoin is banned Post by: johnny11011 on December 23, 2016, 06:30:17 AM Every country is different.
In my country, central bank gave statement about Bitcoin. They said that bitcoin is not ''real'' money, valid for payment, or financial asset. Based on it, it's impossible to use Bitcoin as official money for any payment. I think that in the most countries situation is very similar. Hopefully, we will see some changes soon. Title: Re: Why in some countries Bitcoin is banned Post by: diegz on December 23, 2016, 06:34:14 AM This has been told several times but its true these countries that are doing this are simply just to scared that the bitcoin takes over their own currency in the hard times. Untrue. Why would they become scared about their currency being take down by bitcoin? In most country only few people are using bitcoin, compared to those that are using their own currency and foreigners who bought their currency to a country they visit. I believe that bitcoin won't be taking over a currency. :) If it could, it would take time, and probably would drag most of the bitcoin to that country. Title: Re: Why in some countries Bitcoin is banned Post by: alphablitzer on December 23, 2016, 06:45:56 PM They are just closed minded and doesn't want to do anything with the current trend in technology. I think countries will soon unban it because of its applications. They shouldn't be scared on what they are doing with it. Hoping that soon, it could happen.
Title: Re: Why in some countries Bitcoin is banned Post by: vindicare on December 23, 2016, 07:01:49 PM it is just they dont like digital currency that is can be mine they dont getting any profit out of it because there is no direct tax and they cant do any investigation as bitcoin is not regulated in any banks thats why they are banning it. Most physical business is into banking system/fiat and they are treating bitcoin as the rival of it.
Title: Re: Why in some countries Bitcoin is banned Post by: whizter on December 23, 2016, 10:59:24 PM They are just closed minded and doesn't want to do anything with the current trend in technology. I think countries will soon unban it because of its applications. They shouldn't be scared on what they are doing with it. Hoping that soon, it could happen. i think it is not yest banned in most of the countries. as most of the countries has not given any statement like this, although they have not consider it as legal currency but still i will like to add that they also not banned bitcoin and still people are using it as legal currency. |