|
Title: Bitcoin banned in Sri Lanka Post by: Charithacrypto on July 11, 2018, 06:09:32 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ???
Title: Re: Bitcoin banned in Sri Lanka Post by: polladwills on July 11, 2018, 06:20:54 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka.
Title: Re: Bitcoin banned in Sri Lanka Post by: bitfocus on July 11, 2018, 06:35:24 AM May be it was last month, some warning issues to crypto by central bank of Sri Lanka.
Title: Re: Bitcoin banned in Sri Lanka Post by: jossiel on July 11, 2018, 06:42:18 AM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor.
This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. Title: Re: Bitcoin banned in Sri Lanka Post by: utpalk on July 11, 2018, 06:46:22 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? If some nation want to progress, they will have to accept crypto. Title: Re: Bitcoin banned in Sri Lanka Post by: tranduc2101 on July 11, 2018, 06:54:02 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? If some nation want to progress, they will have to accept crypto. Title: Re: Bitcoin banned in Sri Lanka Post by: sader1 on July 11, 2018, 07:27:52 AM Is it true. It is a very bad news. If the country need to be developed they need to accept crypto currency.
Title: Re: Bitcoin banned in Sri Lanka Post by: dovizex on July 11, 2018, 01:54:35 PM WOWWW!! Bad news..
Title: Re: Bitcoin banned in Sri Lanka Post by: BestW1shes on July 11, 2018, 01:56:47 PM How did they forbid this and how do they regulate the crypto?
Title: Re: Bitcoin banned in Sri Lanka Post by: Erlinda Santiago on July 11, 2018, 01:57:12 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? is this true? Thats sad for them they cant use bitcoin as legalized money they might find it hard to invest bitcoin because of thatTitle: Re: Bitcoin banned in Sri Lanka Post by: franky1 on July 11, 2018, 02:02:01 PM its not a ban
its a memo, a mmo that say that the central bank of sri lanka will not be held accountable for any actions done by businesses and that the central bank does not insure or licence it. .. the central bank doe not endors or licence baked beans.. thats why you dont see a bank slling baked beans. until there is a GOVERNMENT LAW. that states it is illegal to operate a crypto business. and that law mentions the penalty.. then just treat the memo as what it is .. a memo nearly every country has released an investor warning memo that investing in crypto is risky and a bank will not insure losses Title: Re: Bitcoin banned in Sri Lanka Post by: mobnepal on July 11, 2018, 02:09:11 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Its bad for Srilankan crypto enthusiasts if true but atleast haven't heard about police arresting people working on the field of cryptocurrency in there so those ban might be quite weak one. Government that don't have enough manforce to design and implement regulatory framework for cryptocurrency are just banning the whole bitcoin thing, they consider it as just a headache. While developed countries have already started producing blockchain developers and they already had patent registered for blockchain based product which they gonna sell to those same poor country who have banned blockchain based crypto right now. ;D ::)Title: Re: Bitcoin banned in Sri Lanka Post by: Chetan04 on July 11, 2018, 02:14:43 PM Oh god that is not good. After India now in Sri Lanka also. Sad for cryptocurrencies
Title: Re: Bitcoin banned in Sri Lanka Post by: Charithacrypto on July 11, 2018, 04:37:09 PM Is it true. It is a very bad news. If the country need to be developed they need to accept crypto currency. Of course I agree with you. Title: Re: Bitcoin banned in Sri Lanka Post by: umar22pk on July 11, 2018, 05:15:02 PM It’s correct they are not banning crypto trading but they are giving warning to their peoples to keep away from crypto, reason was there is high rate of profit & loss, so if someone will trade in digital currency have to bear loss as well.
Title: Re: Bitcoin banned in Sri Lanka Post by: cryptodalton on July 12, 2018, 06:04:38 AM That's sad to know. I hope gradually in future they will understand the worth of crypto currency and withdraw its ban for the betterment of their economy.
Title: Re: Bitcoin banned in Sri Lanka Post by: ubercool on July 12, 2018, 07:03:10 AM Have anyone seen any concrete news on this.? I cant find any article referring to this. In fact, Sri Lanka is more open to crypto and can become "Malta" of South Asia region.
Title: Re: Bitcoin banned in Sri Lanka Post by: ys fs on July 12, 2018, 07:10:02 AM I'm not surprised if bitcoin is prohibited in some countries because bitcoin is not legal for some countries, because bitcoin currencies are still not inaugurated in a country, but if you think bitcoin still needs development again because bitcoin has not been legal in some countries ... .
Title: Re: Bitcoin banned in Sri Lanka Post by: cryptohunter on July 12, 2018, 07:17:03 AM Oh god that is not good. After India now in Sri Lanka also. Sad for cryptocurrencies Yeah terrible news all that investment and volume lost. Title: Re: Bitcoin banned in Sri Lanka Post by: cryptohopes on July 12, 2018, 07:09:46 PM That is really a sad news. I think they also think that Bitcoin is a threat for their economy which made them to ban Bitcoin. I think they are actually afraid of the volatility of bitcoin. I just hope that Srilanka will soon understand it and withdraw the ban.
Title: Re: Bitcoin banned in Sri Lanka Post by: LFC_Bitcoin on July 12, 2018, 07:11:09 PM The amount being bought & sold in Sri Lania is likely to be negligable so I highly doubt this will have an overly negative effect on the market.
Title: Re: Bitcoin banned in Sri Lanka Post by: drmilind2004 on July 12, 2018, 07:46:36 PM This is a phase in the eventual global Cryptocurrency total acceptance regime wherein the central bankers are reacting reflexly, knee-jerk, to protect their turf. It'll take some time for the global Cryptocurrency inevitability to sink into their mindset. Meanwhile, the people living at their mercies suffer and get left behind while others elsewhere progress far ahead.
Title: Re: Bitcoin banned in Sri Lanka Post by: joellogan on July 12, 2018, 10:38:35 PM as far I know they didn't banned it yet they are just trying to convince people so that they don't do trading in bitcoin but whatever the situation is there is no doubt that this news is heart breaking, Sri Lanka is doing a mistake they should atlest try to understand the business it's painful if someone just remove it like this.
Title: Re: Bitcoin banned in Sri Lanka Post by: jhon_21 on July 12, 2018, 10:39:29 PM In South Asia bitcoin is banned all the countries. But peoples are also connecting with this market. It’s a good news for this market. If they get benefit then they will more invest on this market.
Title: Re: Bitcoin banned in Sri Lanka Post by: drwhobox on July 12, 2018, 10:42:36 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? this news is kinda regular now lol. Making cryptocurrencies banned in many countries. Yes they may ban the trading of fiat to crypto but still if someone will use Bitcoin and can exchange fiat for it that’s okay.Title: Re: Bitcoin banned in Sri Lanka Post by: franky1 on July 13, 2018, 01:30:41 AM so many people reading the headline but not actually rading the content
IT IS NOT BANNED its a MEMO reminding people that th banks do not insure peoples funds and the banks say its a risk to trade MEMO's are not law. memo's are just risk awareness reminders. in short they are saying.. dont come crying to us asking for your money back because we dont endorse or insure crypto.. so trade at your own risk Title: Re: Bitcoin banned in Sri Lanka Post by: nagobinga on July 13, 2018, 01:38:33 AM there is something wrong with bitcoin whether there should not be in the government or can make the currency there worse with the existence of this.
Title: Re: Bitcoin banned in Sri Lanka Post by: Gaaara on July 13, 2018, 01:47:29 AM I know it did not got banned but only warning for their community, anyways this somehow affects the volume and value of bitcoin, since the negative news is spreading bitcoin is taking all the suffering being prohibited from country to country or being warned affect the market directly and since after the massive adaption of bitcoin starts we are certainly looking for a later bull run.
Title: Re: Bitcoin banned in Sri Lanka Post by: Related on July 13, 2018, 02:06:38 AM The Central Bank of Sri Lanka (CBSL) is aware of the growing interest in virtual currencies (VCs), both domestically and internationally.
The term “virtual currencies” is commonly used to refer to digitally created representations of value that are issued by private developers and denominated in their own unit of account. Common examples of virtual currencies are cryptocurrencies such as Bitcoin, Litecoin and Ethereum. Virtual currencies are not central bank issued currency. Virtual currencies such as cryptocurrencies use decentralised peer-to-peer digital networks to authorize transactions. Due to the absence of a centralized authority such as a Central Bank to guarantee the value of the currency and regulate transactions, there is no recourse in the event of any user or transaction related issues or disputes. The value of virtual currencies is dependent on speculation and is not backed by an underlying asset or a regulatory framework. Due to this, virtual currencies may demonstrate major volatility. Similarly, there appears to be a high probability of virtual currencies being used in illegal activities. Further, though unintentional, their usage could amount to breaches of anti-money laundering and combating the financing of terrorism (AML/CFT) laws. Therefore, cryptocurrencies, in the present form, may pose significant risks in terms of financial, operational, legal, customer protection and security related risks to their users as well as to the economy. It is hereby notified to the public that CBSL has not given licence or authorization to any entity or company to operate schemes involving virtual currencies, including cryptocurrencies, and has not authorized any Initial Coin Offerings (ICOs). Title: Re: Bitcoin banned in Sri Lanka Post by: jhonvir666 on July 13, 2018, 07:15:01 AM It's really right, but bitcoin does not prohibit businesses in a crypto but bitcoin it warning if you can do anything wrong and what bitcoin do it, will tell their citizens to avoid and safeguard Things to do before entering a crypto, are the reasons we sometimes mistake such as having high rates of income and losing it, so if someone is trading in a digital currency it should also be carried its only loss.
Title: Re: Bitcoin banned in Sri Lanka Post by: Amokomowo2005 on July 13, 2018, 07:31:30 AM This not a welcome development news, from India banning cryptocurrency now to Sri Lanka, just hope this people rather regulate it than banning it.
Title: Re: Bitcoin banned in Sri Lanka Post by: digroske on July 13, 2018, 07:48:58 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? It's just a matter of time. The development process of cryptology is started and it can not be stopped. In my opinion, they have not banned the crypto trade, but simply warn their people to refrain from crypto currency. We will observe this process. But I think development is inevitable anywayTitle: Re: Bitcoin banned in Sri Lanka Post by: abiola4real on July 13, 2018, 07:51:21 AM This is a bad news this current season when we are still looking for ways to moved out of the bearish time, its better they have a re think and retract this order.
Title: Re: Bitcoin banned in Sri Lanka Post by: najmul33 on July 13, 2018, 08:11:20 AM One more bad news for crypto. But I wish soon gradually in future they will understand the cryptocurrency and withdraw ban for the betterment of their economy whos banned crypto
Title: Re: Bitcoin banned in Sri Lanka Post by: Lima0396 on July 13, 2018, 08:15:46 AM Bad news for the citizens of Sri Lanka, its likely the authority later see their ban of been harsh and later re consider it..
Title: Re: Bitcoin banned in Sri Lanka Post by: Kittygalore on July 13, 2018, 08:18:28 AM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor. This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. As we can observed, more 2nd class countries and 1st class are accepting the usage of bitcoin with proper regulations by the government, the thing is these countries wanted the growth of there economy and they have seen the potential the bitcoin can give to us, so they welcome it with open arms. The thing here is Sri Lanka might be aftaid to take risk. But bitcoin is not really risking, it is patience. Title: Re: Bitcoin banned in Sri Lanka Post by: hubballi on July 13, 2018, 09:08:21 AM Sri Lanka is following the footsteps of India. Like how India have issued warning notice through RBI to all banks to stop the accounts which are in cryptocurrency trading and gave notice to all indian exchanges to stop the fiat currency trading in crypto currency. So now Sri lanka through their Central Bank of Sri Lanka (CBSL) have issued the notice to public to be caution in dealing with crypto currency and government is not involved in any crypto currency activity and they are not liable for any litigation related to crypto.
Title: Re: Bitcoin banned in Sri Lanka Post by: mr.nby on July 13, 2018, 09:26:51 AM That's sad to know. I hope gradually in future they will understand the worth of crypto currency and withdraw its ban for the betterment of their economy. Sri Lanka doesn't ban cryptocurrencies but has issued a warning about the risk, possible use for illegal purposes, and unauthorized and non-issuing of any licenses and permits for ICO conducting companies. Title: Re: Bitcoin banned in Sri Lanka Post by: HarrietKAYU on July 13, 2018, 09:26:56 AM It is understandable that some small countries prohibit bitcoin, in which the economic system is often fragile, and Sri Lanka is likely to worry about the financial system that bitcoin affects the whole country.
Title: Re: Bitcoin banned in Sri Lanka Post by: iammrash on July 13, 2018, 09:30:35 AM It's normal. Bitcoin also banned at my place too.It's because government is afraid of crypto. They thinks it'll take the economy control from their hand. That's why they banned crypto
Title: Re: Bitcoin banned in Sri Lanka Post by: susila_bai on July 13, 2018, 10:09:52 AM Completely banning is different from cautioning public, you cannot relate cautioning public as ban. They have issued public awarness about crypto currency details and to be aware of if anyone is telling that they are authorised government exchanges so that people should not fall for their scam and then public coming crying to government. It is a good step to give awareness to public so that they should not fall in scam
Title: Re: Bitcoin banned in Sri Lanka Post by: JamescrypTrader on July 13, 2018, 10:19:18 AM There may so many reasons active. But I think that Sri Lanka is a costal country and for that smugling is a big issue in their land. So thinking the later consequence, I think, bank of Ceylon has taken the decision.
Title: Re: Bitcoin banned in Sri Lanka Post by: MTNAX on July 13, 2018, 10:40:35 AM There may be some reason the Sri Lankan state forbids the use of bitcoin, the government may fear if bitcoin affects the whole country. The government may also be afraid if bitcoin is misused. But actually it all depends on each of us how to use the bitcoin and address problems like this.
Title: Re: Bitcoin banned in Sri Lanka Post by: kolbalish on July 13, 2018, 10:41:17 AM Bad news r being the regular part of btc day by day instead of positivity.From the last quarter of previous year it started. It is really matter of worried that what will happen next of btc?
Title: Re: Bitcoin banned in Sri Lanka Post by: bubblebubble on July 13, 2018, 10:57:24 AM Banks push on banning anything that doesn't make them rich so I can understand motivation
Title: Re: Bitcoin banned in Sri Lanka Post by: Baofeng on July 13, 2018, 11:15:01 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Just like any other nation is Asia, Sri Lanka is just getting their people a fair warning about bitcoin and crypto in general. But it doesn't mean that its a outright ban. There's a lot of scam being pulled previously involving bitcoin around the South East Asia that's why Sri Lankan Banks is doing steps and let their people know about the risk involving. Its just normal for governments and banks to do it, in my opinion. Title: Re: Bitcoin banned in Sri Lanka Post by: perova93 on July 13, 2018, 11:25:34 AM All banks in the world understand the huge threat of the crypto world and bitcoin! because a new evolution of money has come! Banks and so lose a lot of money, because the transaction and the exchange of funds occurs in the crypto world! but I am sure that this will be temporary and in the next 5 years will be the legalization of the bitumen in the whole world! especially in Asian countries are very active in these areas!
Title: Re: Bitcoin banned in Sri Lanka Post by: DarrinEspacio on July 13, 2018, 02:19:24 PM Actually its really disappointing for users because day by day in modern society crypto users are increasing based on its profit and good values in future also they getting more benefits based on this so their decisions may problematic for their investors because many of them invested their money here but they will be in trouble also govt. should review this issue.
Title: Re: Bitcoin banned in Sri Lanka Post by: zubrr51 on July 13, 2018, 02:22:01 PM Those who distrust the crypto-currencies will soon regret it. Because advanced countries will earn on the percentage of the work of exchanges.
Title: Re: Bitcoin banned in Sri Lanka Post by: Findingnemo on July 13, 2018, 02:30:35 PM I don't think this is a real news because didn't found any link to the source at OP,and I never heard anywhere about these ban yet.SO anyone can confirm by providing appropriate details.
And complete ban or just restrictions? ??? Title: Re: Bitcoin banned in Sri Lanka Post by: allycn on July 13, 2018, 02:57:36 PM its not a ban its a memo, a mmo that say that the central bank of sri lanka will not be held accountable for any actions done by businesses and that the central bank does not insure or licence it. .. the central bank doe not endors or licence baked beans.. thats why you dont see a bank slling baked beans. until there is a GOVERNMENT LAW. that states it is illegal to operate a crypto business. and that law mentions the penalty.. then just treat the memo as what it is .. a memo nearly every country has released an investor warning memo that investing in crypto is risky and a bank will not insure losses Thanks for clarifying the info. I think that has become the common practice in many countries and it makes sense. Why should a bank insure your loss if you decided to max out your credit card investing in crypto? I know it is a stupid move, but unfortunately I have heard of people doing this and then when they become unable to pay back their debt they try to file a "scam" claim. Title: Re: Bitcoin banned in Sri Lanka Post by: deathland113 on July 13, 2018, 03:11:55 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. what's about p2p trading? The government can't be banned or trace this kind of exchange. And people still can hodl it or invest i supposeTitle: Re: Bitcoin banned in Sri Lanka Post by: GilbertQuintanilla on July 13, 2018, 07:19:10 PM This is a sad news for the people associated in the crypto currency market. If any country bans this coins, then this will result in a bad news for the market. Because this means that the market has lost on the opportunity of having potential investors from Sri Lanka, which is a loss for the market.
Title: Re: Bitcoin banned in Sri Lanka Post by: rabia_laskor on July 13, 2018, 10:15:23 PM That's very sad to know. However, I will look after some news related to it to make sure whether the news is right or a scam.
Title: Re: Bitcoin banned in Sri Lanka Post by: Satosho Kakamolto on July 13, 2018, 10:21:06 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Well, at the same time The European Union has made a directive which will oblige all European countries to recognize digital currencies. Things change gast everywere and situations twist. Title: Re: Bitcoin banned in Sri Lanka Post by: AlanShlafter on July 13, 2018, 10:34:48 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Cryptocurrency banning news have very negative effect on the market. It's sad to hear that a country bans crypto. Hope they reconsider their decision.Title: Re: Bitcoin banned in Sri Lanka Post by: normanderecho on July 13, 2018, 10:46:13 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Cryptocurrency banning news have very negative effect on the market. It's sad to hear that a country bans crypto. Hope they reconsider their decision.I think sri lanka's government scared about bitcoin that all people use bitcoin and invest and did not control people use bitcoin the government did not get a tax and government scared also bitcoin will become a main currency because of the good pricing that is mt understanding of bitcoin banned in sri lanka's. Title: Re: Bitcoin banned in Sri Lanka Post by: zolfa on July 13, 2018, 11:10:24 PM sri lanka is a developing country, besides that crime is very high like India. technology there is not growing well, they are primitive and still hold the culture.
so, from my simple explanation, I think we know why crypto in sri lanka is banned. Title: Re: Bitcoin banned in Sri Lanka Post by: bedulook on July 13, 2018, 11:46:59 PM This is not a news that will highly affect the price of bitcoins because sri lanka as a developing country is not a country with huge volume of bitcoins users.
Title: Re: Bitcoin banned in Sri Lanka Post by: r32godzilla on July 13, 2018, 11:53:09 PM Just another Asian country of small economical power next to Bangladesh has banned bitcoin.On the other hand,no big economical power country has taken such an action.
Title: Re: Bitcoin banned in Sri Lanka Post by: deathland113 on July 14, 2018, 03:21:51 AM Just another Asian country of small economical power next to Bangladesh has banned bitcoin.On the other hand,no big economical power country has taken such an action. the big economic power country that banned bitcoin just only China till now. some other small countries keep banning bitcoin and crypto as payment that's normal and same as they don't allow people use USD as payment in their countries but people still accept it quietTitle: Re: Bitcoin banned in Sri Lanka Post by: kopamo on July 14, 2018, 03:40:00 AM I heard this news. It is very bad news for cryptocurrency. I don't know why government want ban cryptocurrency. They should accept cryptocurrency
Title: Re: Bitcoin banned in Sri Lanka Post by: kucritt on July 14, 2018, 03:46:00 AM many reason why a country banned bitcoin in their county, the main reason is because the government can't trace the bitcoin user and when they see that there are criminals that using bitocin they can;t do anything, so they will blocked the bitcoin for makes the criminals in their country reduces
Title: Re: Bitcoin banned in Sri Lanka Post by: Gogochen on July 14, 2018, 03:49:27 AM So if there is a competitive relationship between the crypto-money market and the traditional banking industry, it is perfectly normal that they ban it.
However, I am more curious about the source of this news. ??? Title: Re: Bitcoin banned in Sri Lanka Post by: Voevoda on July 14, 2018, 07:04:35 AM Just another Asian country of small economical power next to Bangladesh has banned bitcoin.On the other hand,no big economical power country has taken such an action. protection of its sovereignty and isolation of citizens from globalization. this is a very difficult way in the current time, may in the future fences will helpTitle: Re: Bitcoin banned in Sri Lanka Post by: Charles Warren on July 14, 2018, 09:49:00 AM As srilanka is becoming more aware of new developments in technology they have started to understand the concept and principles of this idea but I believe they are not used to the idea of bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: cryptoaro on July 14, 2018, 02:32:46 PM There is a no against with bitcoin. but someone doesn't like bitcoin invest. Banks are always try to hold
money with their system. when we invest to money for crypto curries our money spend world wide. That's a reason for banned bitcoin in your country. Title: Re: Bitcoin banned in Sri Lanka Post by: DarrinEspacio on July 14, 2018, 02:43:17 PM Such a sad news to hear that the main bank of Srilanka named the bank of Ceylon has banned the usage of the bitcoin but i think they will soon get their mistake.
Title: Re: Bitcoin banned in Sri Lanka Post by: pehatas on July 14, 2018, 02:45:40 PM The reason is most likely in the large volatility of the crypto currency market and its fall in the last 5 months. I give a guarantee that this law will be canceled in the next 1-2 years.
Title: Re: Bitcoin banned in Sri Lanka Post by: itssawai on July 14, 2018, 02:49:13 PM Are you sure they banned it or just gave some kind of warning? If the ban is for real, it's really sad. A moving country won't directly ban cryptocurrencies instead they will research more about it, it's use cases, future development, growth potential and the technologies involved in it.
Title: Re: Bitcoin banned in Sri Lanka Post by: worle1bm on July 14, 2018, 02:54:36 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? As far as my knowledge is concerned it's not a direct ban but only a warning by centeral bank not to indulge in these crypto trades and not providing services to investors.So we cant say it is ban in Sri Lanka as there is no official announcement by the government of the nation.But they need to do more research about it as it will help to boost economy of underdeveloped and developing nations in a positive manner.Title: Re: Bitcoin banned in Sri Lanka Post by: adzino on July 14, 2018, 02:59:00 PM Never heard anything about Sri Lanka banning bitcoin. Did a quick google search and found no such news. Did you just hear it from someone? Just make sure you verify what you hear before posting such things. There are only like few underdeveloped countries that have banned bitcoin. Sri Lanka isn't in the list. But the bank did issue a warning about the risks associated with investing on crypto currency.
Title: Re: Bitcoin banned in Sri Lanka Post by: Daniel9140 on July 14, 2018, 03:01:37 PM This is not a good news in anyway for cryptocurrency. Cryptocurrency is very volatile and anyone that wants to trade Cryptos must be prepared to accept the profits and loss. I believe with time, the country would see the benefits of cryptocurrency and would remove the ban.
Title: Re: Bitcoin banned in Sri Lanka Post by: rehydrogenated on July 14, 2018, 03:08:01 PM Oh no, not Sri Lanka!!!! But all jokes aside, for small countries banning crypto is far easier than dealing with the ramifications of multinational criminal organizations trying to launder there money. Or even more recent news of Russian hackers using bitcoin to help sway the US election. What does a small country like Sri Lanka do when criminals try to go through their country to obscure the source of funds? Sri Lanka has a strong banker presence as well. The bankers want to protect themselves from crypto or at very least not have to spend money trying to stop this new technology from disrupting everything.
Title: Re: Bitcoin banned in Sri Lanka Post by: saLve88 on July 14, 2018, 03:10:09 PM According to my knowledge crypto currency is not yet banned in Sri Lanka just the warning announcement came from Central Bank of Sri Lanka. It doesn't mean that you cannot trade crypto just you need to be cautious when dealing with it as no one is gonna responsible in legal issues. If you have a source that Bank of Ceylon has banned crypto in Sri Lanka could you please share the link to source?
Title: Re: Bitcoin banned in Sri Lanka Post by: neite99 on July 14, 2018, 03:20:46 PM as I have seen in an article they had just warned the investors and nothing else like a step towards banning, but if you could provide us a link than the things would get clarified if I am wrong.
Title: Re: Bitcoin banned in Sri Lanka Post by: TmottaDing on July 14, 2018, 03:24:07 PM Well most of the people in here do not care about that because i am more than sure in that there is not a huge amount of users in here coming from Sri Lanka, and i am more than sorry for all the people that are from there, but what can we do against it?
Title: Re: Bitcoin banned in Sri Lanka Post by: lamcouz on July 14, 2018, 03:25:44 PM This time going when the valuation of bitcoin is going too much low and every one is just worried when it will recover again but I think in my opinion this is a very great opportunity for all of us when we can buy more and more bitcoins according to our capacity and according to the capital you possess so that you can hold as maximum of the bitcoin and can sell them when the valuation will increase and in this way you can earn highest money!
Title: Re: Bitcoin banned in Sri Lanka Post by: MilesMoses on July 14, 2018, 03:30:17 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? If some nation want to progress, they will have to accept crypto. Title: Re: Bitcoin banned in Sri Lanka Post by: ginobitcoiner on July 14, 2018, 03:31:16 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? yes I know and I heard the country of Sri Lanka does not ban the bitcoin they just warn. and that warning is not a ban, it's so much different.do not make matters worse with this bad news, you are too big an issue Title: Re: Bitcoin banned in Sri Lanka Post by: asus09 on July 14, 2018, 03:41:49 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I don't know about that. because I do not think sri lanka has a big share in the crypto market. so I do not think there will be a big effect that can shake the bitcoin. especially for now there is good news from some countries that make bitcoin more acceptable Title: Re: Bitcoin banned in Sri Lanka Post by: GideonGono on July 14, 2018, 04:29:29 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I'm not aware on banning bitcoin on sri lanka i think it's more of an theory , and on the other hand based on my research government of sri lanka has implementing regulation on bitcoin , and also i have a link which i think can help to expand our perspective regards on this case. Link: http://www.economynext.com/Sri_Lanka_s_central_bank_fires_salvo_against_cryptocurrencies-3-10382-1.html Title: Re: Bitcoin banned in Sri Lanka Post by: adpinbr on July 14, 2018, 04:51:22 PM Well if BTC ever gets banned in Sri Lanka then it'll be painful for the people there who have made investments and vested their life onto BITCOIN, not yet true ans let us not wish for it to happen because it can also be a big loss as well for the economy. Probably if Sri Lanka gets banned it can be an effect, though it is nor big but it will still affect the market.
Title: Re: Bitcoin banned in Sri Lanka Post by: yigga on July 14, 2018, 05:27:56 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think you misunderstand, There is no ban in Sri Lanka (Yet ) Only warning for ICO invest, The central bank of SriLanka just put some warning for Investing on Crypto currency but still there is no legal action Title: Re: Bitcoin banned in Sri Lanka Post by: AntiMage007 on July 14, 2018, 05:33:31 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? yes I know and I heard the country of Sri Lanka does not ban the bitcoin they just warn. and that warning is not a ban, it's so much different.do not make matters worse with this bad news, you are too big an issue Yes, There is no Ban, only warn for ICO invest and no other things happened, Most of are always spread rumors, I think every one should follow the official news otherwise most of are going to step back :( Title: Re: Bitcoin banned in Sri Lanka Post by: buwaytress on July 14, 2018, 05:39:58 PM I generally thought the Sri Lankan government would try to do anything opposite of what its Indian neighbours do, but I suppose their central banks in South Asia are more aligned. Bangladesh and Pakistan suggest the same and even in Maldives I'm hearing Bitcoin is having a bit of a growing discussion leaning towards conservative approaches.
The good thing for me here is that everyone will start learning to do p2p, learning how to use Bitcoin on their own. That can't be bad, right? Title: Re: Bitcoin banned in Sri Lanka Post by: papa-tata on July 14, 2018, 05:44:27 PM again and again, cryptocurrency banned. this is not a good news to hear. there must be an important reason for limiting crypto activity. this is sad when this community builds the cryptocurrency glory there are countries that do not agree with its existence. Hopefully this is just a temporary ban.
Title: Re: Bitcoin banned in Sri Lanka Post by: Sergio444 on July 14, 2018, 05:46:40 PM Its no a surprise to hear banning of crypto in some countries. This a s been going on for months and years now. We just have to find a way to make people understand crypto else they will continue to have bad perceptions about the dealings in crypto. As for the banks, I think crypto is becoming a threat to their profit gains and their poor centralized systems
Title: Re: Bitcoin banned in Sri Lanka Post by: Zentor on July 14, 2018, 05:56:18 PM Sometimes different countries ban bitcoin or all cryptocurrencies. It is okay, they just don`t know, how to regulate this sphere and receive correct amount of taxes
Title: Re: Bitcoin banned in Sri Lanka Post by: Kwansimaa on July 14, 2018, 06:23:34 PM Well that is really sad as most countries are now embracing the concept of bitcoin as a mode of payment but i am with high hopes that they will reverse their ban just as Facebook reversed its ban some weeks ago.
Title: Re: Bitcoin banned in Sri Lanka Post by: spadormie on July 14, 2018, 06:27:55 PM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor. This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. So there's no ban and about this topic, the statement was it was banned but it's not. This topic should be dumped. And look at the date the news was posted, April 16, 2018. All I think it's just a regulation in bitcoin. Title: Re: Bitcoin banned in Sri Lanka Post by: robertcross07 on July 14, 2018, 08:12:31 PM This is a bad news for the whole industry. Sri Lanka is a highly educated country. I believe that their Govt. will rethink and understand its importance soon. Thus it might be accepted there.
Title: Re: Bitcoin banned in Sri Lanka Post by: freetokens on July 14, 2018, 08:41:11 PM Most of the Asian country are going against bitcoin first it started with India and next Pakistan Bangladesh and Nepal and now Sri Lanka all the are framing anti cryptocurrency stand
Title: Re: Bitcoin banned in Sri Lanka Post by: mekie on July 14, 2018, 09:28:51 PM Many stories that get circulated as bans are in fact just government warnings of the risks involved with crypto, just as they do about other investments. Look on their governments web sites for real info and not listen to hearsay.
Title: Re: Bitcoin banned in Sri Lanka Post by: cizatext on July 14, 2018, 09:35:52 PM Well I don't have any confirmation on this news but the truth still remains that most banks and government are against bitcoin due to it ability to remain decentralized and not control by any financial institutions, bitcoin is seen by most financial institutions e.g the bank as a threat to they existence so the bank will constantly look for means to discredit bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: tombola_official on July 14, 2018, 10:01:01 PM Really?
Title: Re: Bitcoin banned in Sri Lanka Post by: Daffadile on July 14, 2018, 10:05:07 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ???? yes I know and I heard the country of Sri Lanka does not ban the bitcoin they just warn. and that warning is not a ban, it's so much different.do not make matters worse with this bad news, you are too big an issue It is because people cannot read. Thy just sensationalise thing and act like idiots. Look at the times bitcoin dropped just based on what some idiot like Morgan said. I mean who cares. So many btc holders are pussies. HODL or get out. There is no need to ever sell your btc. You spend them hello>>> not hard to understand. Some countries feel real threat from crypto and they hate crypto because they can't control it. Title: Re: Bitcoin banned in Sri Lanka Post by: Crypbull on July 15, 2018, 02:52:32 AM As I know no any official announcement about cryptocurrency ban in Srilanka , This is a warn and it makes the 3 months before and Still not get any action, Don't worry Keep your works, It will not a big issue :)
Title: Re: Bitcoin banned in Sri Lanka Post by: nazarovv on July 18, 2018, 11:52:20 AM Countries like these should you really look at the superpowers if they have banned bitcoin. and those big countries did not even do that. I am also wondering why this would have happen, if it ever did happen,
Title: Re: Bitcoin banned in Sri Lanka Post by: jojohamasa on July 18, 2018, 12:12:50 PM The truth of the story must be analyzed in several ways
The economy of the country and the size of the currency trade And many other factors Most of the countries that banned BTC have a weak economy Just a note Title: Re: Bitcoin banned in Sri Lanka Post by: Renal on July 18, 2018, 12:22:48 PM I think cryptocurrency is not prohibited in rare parts but the banned there is if the crypto user happens something with their crypto then the government will not bertangung with the occurrence something will compete in tangkung every user crypto.
Title: Re: Bitcoin banned in Sri Lanka Post by: Veronika94 on July 18, 2018, 12:46:38 PM Still understand that not all countries will take bitcoin. The more there are users of crypto currency, the less they will remain.
Title: Re: Bitcoin banned in Sri Lanka Post by: bitterdog on July 18, 2018, 12:55:02 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? It such a sad news for us in bitcoin market, that there are country that banned bitcoin again. But, we have to respect the governments decision regarding to bitcoin. I think the reason is because the risk that bitcoin have. Maybe Sri Lanka is afraid that their people will be the victim of bitcoin's scam or money laundering. Title: Re: Bitcoin banned in Sri Lanka Post by: yurekaa on July 18, 2018, 01:05:05 PM the prohibitive factor of bitcoin is overwhelming. and it all depends on the country of Sri Lanka and they have the authority to ban or legalize bitcoin in their opinion. although prohibited, people in the country can still use bitcoin because trading or mine does not involve the government.
Title: Re: Bitcoin banned in Sri Lanka Post by: digitalgame4life on July 18, 2018, 01:14:59 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? It such a sad news for us in bitcoin market, that there are country that banned bitcoin again. But, we have to respect the governments decision regarding to bitcoin. I think the reason is because the risk that bitcoin have. Maybe Sri Lanka is afraid that their people will be the victim of bitcoin's scam or money laundering. I understand the fact that a country can be scared and dont want their people to be victims of scams, but clearly they havent done research about bitcoin, blockchain and therefore bitcoin will give a government and a country huge advantages by adopting it, they dont need to ban bitcoin but can make certain rules,banning bitcoin entirely is taking away the freedom of people and letting them feel like they are in jail, its rather stupid than smart to ban bitcoin. Title: Re: Bitcoin banned in Sri Lanka Post by: Romeotom on July 18, 2018, 01:23:36 PM I don't see or read this news about banned bitcoin in the country Sri Lanka,but I read one article statement they are giving warning but no have banned.bitcoin market got some bad this for the few countries not now accept in legally.but I have confidence it's few countries will give good news for the accept to do.
Title: Re: Bitcoin banned in Sri Lanka Post by: NelfiNovita on July 18, 2018, 02:05:37 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? If some nation want to progress, they will have to accept crypto. I think they have taken inappropriate action, if they forbid crypto in their country means they are ready to face poverty, because every developed country will accept crypto and its users have been in every country. Title: Re: Bitcoin banned in Sri Lanka Post by: erichall on July 18, 2018, 02:08:20 PM Maybe I am ignorant but I don't see how any government can actually ban bitcoin. Considering all the numerous ways to acquire crypto, it's not possible to ban it.
Title: Re: Bitcoin banned in Sri Lanka Post by: Vimukkthi Vithanage on July 18, 2018, 02:11:26 PM Hi
According to my knowledge cryptocurrencies are not banned in sri lanka. Yes central bank of sri lanka issued some warning notices telling that investing in crypto is riskful and the central bank of sri Lanka can't monitor or take any responsibilities for such activities. But what I feel is sri lanka can't go with the world like that.. if world economy is now moving to cryptocurrencies sri lanka too have to do that Thanks Title: Re: Bitcoin banned in Sri Lanka Post by: ninabobo on July 18, 2018, 02:11:44 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? not more like any other Asian country that prohibits the trading of crypto and bitcoin. but there is no great effect even if Sri Lanka really forbids it. I think the disadvantage is in Sri Lankan society. Title: Re: Bitcoin banned in Sri Lanka Post by: patisaspy on July 18, 2018, 02:12:22 PM Bitcoin cannot be entirely banned. You can ban exchanges and so on, but Bitcoin itself is a digital ledger running on thousands of nodes and you cannot ban it.
Title: Re: Bitcoin banned in Sri Lanka Post by: genuin on July 18, 2018, 02:13:55 PM in Indonesia also used to be like that but the government quietly doing research on bitcoin so that can be studied more depth about bitcoin. I as a bitcoin user still think positively about the development of bitcoin in the world because most people feel very helpful about the existence of bitcoin in the world
Title: Re: Bitcoin banned in Sri Lanka Post by: Tinaw on July 18, 2018, 02:20:00 PM Oh that's not good,but I think sri lanka is becoming more aware of new developments in technology they have started to understand the concept and principles of this idea but I believe they are not used to the idea of bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: CNMOH on July 18, 2018, 02:22:24 PM I never understood these reasons for the ban of bitcoin by the country government and the banks... i am from india and recently india had also banned the bitcoin and srilanka being its neighbour country...i am not at all surprised with this news.
Title: Re: Bitcoin banned in Sri Lanka Post by: vagsun on July 18, 2018, 03:29:39 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Its really a bad news for crypto family that Sri Lanka's Central Bank i.e Bank Of Ceylon ,banned crypto currencies in Sri Lanka. According to my views the Sri Lanka's govt. might have thought that it would be threat for their economy. What I observed is ,only small and poor countries are banning crypto, hope these governments will be having a positive views regarding crypto in future. Title: Re: Bitcoin banned in Sri Lanka Post by: cryptohipo on July 19, 2018, 11:43:42 PM Bitcoin, being a decentralized system, keeps getting banned every now and then in different countries. But it's not much a matter of concern since the ban is removed after some time. Countries will be needing cryptocurrency to get developed.
Title: Re: Bitcoin banned in Sri Lanka Post by: dangkhoasn on July 20, 2018, 12:32:12 AM This is news we do not want. Sri Lanka has been added to the list of countries banned from using cryptocurrencies.
I think they are concerned about money laundering and smuggling using cryptocurrencies. Title: Re: Bitcoin banned in Sri Lanka Post by: pushups44 on July 20, 2018, 12:34:42 AM I think some developing nations are afraid that bitcoin will pose a challenge to their fiat currencies. Most developing nations have struggled with high inflation and view cryptocurrencies as a potential catalyst for a currency collapse. The smart nations are embracing the technology due to its potential to strengthen the economy in the long run.
Title: Re: Bitcoin banned in Sri Lanka Post by: hamdyinvestments on July 20, 2018, 12:46:46 AM They can slow us, yes. Stop us? Thats not a possibility.
All silly act aside, Countries and leaders who take measures like this against Cryptos for security reasons are missing the point..... I mean, if you will use Cryptos for illegal purposes then you may aswell use them when they themselves are illegal to use.... If we are talking about terrorists, gangs, drug dealers etc or even plain money laundry folks... these guys wont be sitting cute at the public library now that theres a Ban on BTC. Title: Re: Bitcoin banned in Sri Lanka Post by: danice15 on July 20, 2018, 01:24:30 AM I believe these countries like SRI LANKA is still having doubts or skeptical about the digital currency.Their still against cryptocurrency and yes this is a very sad news.
Title: Re: Bitcoin banned in Sri Lanka Post by: dark1234 on July 20, 2018, 01:35:47 AM this is bad news for Cryptocurrency ASIA because it adds a line of countries that forbids crypto and I am sure SRILANGKA may not be ready and just waiting for time so they can understand cryptocurrency and this news will change
Title: Re: Bitcoin banned in Sri Lanka Post by: bp.comp69 on July 20, 2018, 02:28:53 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? the state that forbids the bitcoin I think the country is a fool, the government wants a productive economy for the people but they ban bitcoin because they think bitcoin will reduce the economic numbers in the country, but I hope someday they will join in bitcoin. Title: Re: Bitcoin banned in Sri Lanka Post by: Giardina on July 20, 2018, 02:45:39 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? If some nation want to progress, they will have to accept crypto. Title: Re: Bitcoin banned in Sri Lanka Post by: poletando on July 20, 2018, 02:50:32 AM i think that the government want to make sure that the money in the country is managed by the central bank to make sure that the inflation, because in bitcoin transaction the government can't watch the owner of the address because the bitcoin transaction is anonymously
Title: Re: Bitcoin banned in Sri Lanka Post by: BitcoinMarshal on July 20, 2018, 02:51:04 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? If some nation want to progress, they will have to accept crypto. Title: Re: Bitcoin banned in Sri Lanka Post by: yayat on July 25, 2018, 06:01:34 AM It is hereby notified that CBSL has not provided licenses or authorization to any Initial Coin Offerings (ICOs).
Published Date: Monday, April 16, 2018 that is an excerpt from this article https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka I think in Sri Lanka it does not prohibit for Bitcoin transactions, it's just that they give a warning. and the warning is not the same as forbidding / banned . Title: Re: Bitcoin banned in Sri Lanka Post by: Amokomowo2005 on July 25, 2018, 06:42:11 AM This not a good news, now that we have been looking for news that will make the bull market returns back, most of this country will still unban it after seeing the future the blockchain hold.
Title: Re: Bitcoin banned in Sri Lanka Post by: Himanshu111 on July 25, 2018, 09:40:10 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? There are other countries too like Sri Lanka 🇱🇰 who has banned crypto currencies in their nation and for instance is India 🇮🇳 and many more and there are still many countries who are still neutral with the legalisation of bitcoin but there are very few countries who has legalised it and allowed bitcoin transactions in their nation and those who has legalised it are now finding bitcoin a very better currency because now they are able to get the real potential of bitcoin and I am sure that these countries will also understand this thing. Title: Re: Bitcoin banned in Sri Lanka Post by: batang_bitcoin on July 25, 2018, 10:00:46 PM It is hereby notified that CBSL has not provided licenses or authorization to any Initial Coin Offerings (ICOs). Thanks for the link so it only means that they are giving warning to the people that crypto's are totally risky.Published Date: Monday, April 16, 2018 that is an excerpt from this article https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka I think in Sri Lanka it does not prohibit for Bitcoin transactions, it's just that they give a warning. and the warning is not the same as forbidding / banned . If there is another link that's latest to this link kindly provide it so that we know on what's really happening on Sri Lanka. Title: Re: Bitcoin banned in Sri Lanka Post by: Khalp1 on July 26, 2018, 02:27:42 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think Sri Lanka's Main Bank (Bank of Ceylon) does not want to compete with people being their own banks.Most of the bankers are oblivious about Bitcoin and how as they put it the whole Bitcoin economy works. Scanty knowledge is prevalent amongst bankers. Very few really understand how the Blockchain works and what it means for bankers. Title: Re: Bitcoin banned in Sri Lanka Post by: kotajikikox on July 26, 2018, 02:33:31 PM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor. This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. That's true mate the author of this topic was making fake news i don't what is the reason making fake news and to make panic in the cryptocurrency community, that's i always advice to all people don't listen to fuds always investigate first. Title: Re: Bitcoin banned in Sri Lanka Post by: Malintha1996 on July 26, 2018, 03:27:32 PM I am a Sri Lankan too.As far as I concern such a thing did not happen.However recently government announced that the virtual currency usage and awareness of people about it in the country has increased.But no action has been taken against bitcoin so far.
In addition to that I heard the news that a private banking system is going to integrate crypto currency supported system in to their system soon.So it is less probable bitcoin to be banned in Sri Lanka. Title: Re: Bitcoin banned in Sri Lanka Post by: arc67583 on July 26, 2018, 03:31:59 PM Yest they might do that at least they might make restrictions for some extend because they believe the same thing like the Indian Government that more criminals will be able to launder and hide there money and I think that is not reasonable because even without cryptocurrencies they are doing that fine. But yet there are no exact rules or regulations that has introduced recently by the Sri Lankan Government regarding such matters unless some warnings and awareness programs.
Title: Re: Bitcoin banned in Sri Lanka Post by: ogabonny on July 26, 2018, 03:34:26 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? They are scared of losing control of money, that people will move theri funds away from the banks and invest it in cryptocurrencies, it was a bad move by the government.Title: Re: Bitcoin banned in Sri Lanka Post by: ogabonny on July 26, 2018, 03:36:32 PM It is hereby notified that CBSL has not provided licenses or authorization to any Initial Coin Offerings (ICOs). That makes more sense if they do not prohibit people from buying cryptos, only offering responsible advice to investors in crypto assets, that they are very risky.Published Date: Monday, April 16, 2018 that is an excerpt from this article https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka I think in Sri Lanka it does not prohibit for Bitcoin transactions, it's just that they give a warning. and the warning is not the same as forbidding / banned . Title: Re: Bitcoin banned in Sri Lanka Post by: isidrorex on July 26, 2018, 04:30:47 PM It is saddening to know and hear news like this one that says about a particular country banning Bitcoin and doesn't support and believe in what Cryptocurrency can bring and offer to the country if only they would adapt change and start to be educated about the Rise of Cryptocurrency around the world.
Title: Re: Bitcoin banned in Sri Lanka Post by: felixesteban on August 01, 2018, 01:14:00 AM It appears that only a warning has been issued. In fact, many countries have not determined exactly what kind of attitude they are going to take. They seem confused about taxation in particular.
Title: Re: Bitcoin banned in Sri Lanka Post by: phanquan5111994 on August 06, 2018, 03:24:43 AM Hello!!!
I do not really understand why Bitcoin is banned in Sri Lanka! Maybe because some bank security issues in this country are hacked !!! Probably because the economy has not developed much! Also in my country (Vietnam) there are five Bitcoin ATM trees spring up and in the future will certainly more than that! Title: Re: Bitcoin banned in Sri Lanka Post by: MatthewNaccarato on August 06, 2018, 05:39:14 PM As far i know this news is not fully correct because Sri Lanka doesn't put ban on it the central bank has some problem regarding bitcoin but i think soon it will be solved.
Title: Re: Bitcoin banned in Sri Lanka Post by: tuturutmunding on August 06, 2018, 07:49:16 PM Indeed, many countries forbid the use of bitcoin so many and various reasons that I put forward, I think that is just the fear and panic of the government and the banks will reduce their punctuation because they are replaced by bitcoin
Title: Re: Bitcoin banned in Sri Lanka Post by: tkaush on August 09, 2018, 02:55:24 AM Bitcoin banns in Sri Lanka is not a surprise because Not just Bitcoin but most of cryptocurrencies face the same problem in most countries. Countries like United states are making restrictions and some are trying to completely ban every cryptocurrency usage locally to eliminate the existence of cryptocurrency forever
Title: Re: Bitcoin banned in Sri Lanka Post by: Dmitry.Vastov on August 09, 2018, 04:14:08 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Not only Sri Lanka 🇱🇰, but there are many more nations who has banned the crypto trading in their nation, and being the citizen of India, i am going through this thing because India 🇮🇳 is one of those countries who has banned crypto trading from their nation and the reason behind all this banning is the illegal use of bitcoin like in selling drugs, explosives and money laundering etc but the thing that all these countries needs to understand is that the illegal use of bitcoin can only be stopped when these countries starts keeping eye over bitcoin activities.Title: Re: Bitcoin banned in Sri Lanka Post by: jacksonhen on August 09, 2018, 04:24:35 PM Can you accompany the link that contains the news? or at least you tell where you know it.
There are some countries in Asia that allow bitcoin and some forbid it. But it should be noted that there are usually a number of things that are considered for the ban, whether temporary or permanent and the prohibition is about transactions and is not prohibited for commodities. Title: Re: Bitcoin banned in Sri Lanka Post by: svetochka.yakovleva.93 on August 09, 2018, 04:31:59 PM no need to worry about the ban. A lot of countries and people constantly changed their minds about the crypto market. Many of them said that they will never use bitcoin, and now they are very actively promoting the development of the entire crypto system!
Title: Re: Bitcoin banned in Sri Lanka Post by: Charles_Summers on August 09, 2018, 04:38:31 PM Asia as a whole doesn't really seem to be buying all this stuff. I am left amazed. What would these rather small economies gain from this war against cryptocurrency? I guess they are just borrowing a leaf from the bigger Asian economies. But what they do not recognize is that they do not have some factors that are working for these other countries. I really don't see how this is a wise decision. No matter what the reason may be. Hopefully, they'll go back on this.
Title: Re: Bitcoin banned in Sri Lanka Post by: orarider on August 09, 2018, 05:16:05 PM I do not believe that is the truth. This is really bad news. It makes the e-money market suffer from severe consequences. There are many people worried about this.
Title: Re: Bitcoin banned in Sri Lanka Post by: marn6767 on August 09, 2018, 05:18:24 PM I have no idea why they forbid it. But the prohibition of crypto money means to stay away from future technology. They think they are doing something good with this, but they are moving away from the technology of the future.
Title: Re: Bitcoin banned in Sri Lanka Post by: ANUKRAMAYON on August 12, 2018, 02:09:56 PM That is something happening in many countries and yet it hasn't stop and still continues like a trend due to governments and public organizational concern regarding the matter that if they allow Bitcoin to be use in there country the whole financial system might collapsed which is false accusation
Title: Re: Bitcoin banned in Sri Lanka Post by: fipper on August 12, 2018, 02:36:04 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? the state prohibits the existence of bitcoin in the country has a strong reason, maybe one of them the government is afraid of inflation on the country's currencyTitle: Re: Bitcoin banned in Sri Lanka Post by: bapetdik on August 12, 2018, 02:38:18 PM Is this real news? Or just fake news? if that's true, then it will make bitcoin even more difficult to be accepted by other countries. This is bad news in my opinion. And surely it will cause a slight decrease in bitcoin. So we have to stay calm and don't panic.
Title: Re: Bitcoin banned in Sri Lanka Post by: Gontxi on August 12, 2018, 02:42:01 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think the reason is classic, bitcoin is a bubble. this reason is very classic in every ban in a country, but I believe Sri Lanka has no major influence on the virutal currency. so there are no effects that will affect crypto trading. Title: Re: Bitcoin banned in Sri Lanka Post by: Em00n01 on August 12, 2018, 02:47:34 PM Very bad. I am from Bangladesh. Ours Central Bank also banned BTC. As far as I know, most of them don't know what is BTC or Cryptocurrency. Hope one day they will legal BTC.
Title: Re: Bitcoin banned in Sri Lanka Post by: Sohailul on August 12, 2018, 02:52:35 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think that actual reason is up and down cryptocurrency rate. So, may be sri Lanka's bank banned bitcoin. Moreover, many country totally prohibited bitcoin. Title: Re: Bitcoin banned in Sri Lanka Post by: wormgummy019 on August 12, 2018, 03:01:14 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Another sad news to hear. Many countries are banning bitcoin and I think the reason of this is the continuous falling of bitcoin. I hope that the banning of bitcoin in some countries will stop because even the price is low many people in that country believes in bitcoin and they want to invest. Title: Re: Bitcoin banned in Sri Lanka Post by: Menaka sandaruwan92 on August 12, 2018, 03:19:39 PM bad news my frend. :-\ :-\ :-\ last month sri lanka goverment speech bang of bitcoin sri lanka.now every sri lanka bank block crypto currency deposit...
Title: Re: Bitcoin banned in Sri Lanka Post by: cunese on August 12, 2018, 03:42:39 PM BTC has been banned in many countries, and the 2017 BTC storm caused many investors to lose money because of BTC. So many countries banned the BTC.
Title: Re: Bitcoin banned in Sri Lanka Post by: telo_godog on August 15, 2018, 08:18:46 PM Is it true? does the government feel aggrieved by the digital currency ??
Title: Re: Bitcoin banned in Sri Lanka Post by: dupee419 on August 16, 2018, 01:43:39 PM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor. This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. Bad news for us, and especially for the people around Sri Lanka, this is an opportunity for them to maximize the use of BTC, and unfortunately the government has warned the people who are using Bitcoin, it may be a warning sign but it is also a sign that the people should be staying away, before anything else happens, hopefully some things may improve, and may they not ban BTC. Title: Re: Bitcoin banned in Sri Lanka Post by: Gontxi on August 16, 2018, 01:47:38 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think the ban on small countries like Sri Lanka will not have a big influence, especially on the market, I think the cause of the ban is a classic reason that is not different from other Asian countries. Title: Re: Bitcoin banned in Sri Lanka Post by: moonami on August 16, 2018, 01:50:25 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? For me, I think the reason of banning the cryptocurrency in Sri Lanka is the continuous falling of bitcoin price. I hope that the government of Sri Lanka will allow cryptocurrency because many people in that country wants to invest in bitcoin. Title: Re: Bitcoin banned in Sri Lanka Post by: nmax21 on August 16, 2018, 01:54:56 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Where is the evidence of this news, maybe it's just a manipulation, but do you believe in all the news that you read? Many have already been banned, and then allowed and again banned)) Title: Re: Bitcoin banned in Sri Lanka Post by: carlisle1 on August 16, 2018, 01:56:41 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Not until the government banned bitcoin or all the cryptocurrencies thats the time you must be alarmed but of banks only well meaning you can still gain cryptocurrency and maybe government will make necessary action regarding this.and i believe that same issue India has few months ago but now since government is supporting crypto ,things are doing fine now and all is back to business Title: Re: Bitcoin banned in Sri Lanka Post by: Baggong on August 16, 2018, 02:11:43 PM Yes it is true bitcoin is now banned in sri lanka. More and more countries are banned from bitcoin, but I'm sure bitcoin users won't care about this, I'm sure bitcoin users in Sri Lanka are not too worried about it, they can exchange it to Fiat as long as they have accounts that can receive money from other countries. Title: Re: Bitcoin banned in Sri Lanka Post by: Ondre on August 16, 2018, 02:20:40 PM Probably, they banned cryptocurrency there because they are completely unaware of how it can benefit them as as a nation. And even if their main bank banned it, it doesn’t mean their people banned it if it can help them personally.
Title: Re: Bitcoin banned in Sri Lanka Post by: Mrconnect on August 16, 2018, 02:24:49 PM There isn't sufficient information on the alleged ban of Bitcoin in Sri Lanka at the moment so I can't give an opinion yet. The best I saw on Bitcoin in Sri Lanka was a general warning which dates back to April this year. Hopefully, if your claim is true, in the coming days we will get more news, then I and other members can share our opinion.
Title: Re: Bitcoin banned in Sri Lanka Post by: kriptowitch on August 16, 2018, 02:29:23 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? One of the main reasons is money laundering through bitcoin. Also, bitcoin can be a tool of corruption, most likely because of this and banned. But I don't think it's a long time.Title: Re: Bitcoin banned in Sri Lanka Post by: wasdconcac on August 16, 2018, 02:31:59 PM What is the prohibited reason? Can Bitcoin be useful and beneficial to humans?
Title: Re: Bitcoin banned in Sri Lanka Post by: Teriyanone on August 18, 2018, 07:02:36 AM Sri Lankan crypto community cannot be considered as small because there are many potential investors and traders deeply involved with ICO programs and has help a lot to many companies to develop there projects in the crypto world by funding and providing other essential resources so crypto ban problem in Sri Lanka can make a significant effect for most cryptocurrencies and there future
Title: Re: Bitcoin banned in Sri Lanka Post by: Bakugan on August 19, 2018, 02:47:10 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Many countries banned bitcoin without giving a specific reason , It makes us thinks that government really hate bitcoin a lot . If this is true that will be a bad news for us. Maybe they dont know how bitcoin can help their country and its community. Title: Re: Bitcoin banned in Sri Lanka Post by: Pump N Dead on August 19, 2018, 03:25:17 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? The only reason I could think of is having a control over their currency. If they accept cryptocurrency as a currency they cannot do any shady transaction in the government. It is more easier to audit politicians if cryptocurrency is implemented in their country and corrupt officials won't let that happen. Title: Re: Bitcoin banned in Sri Lanka Post by: godfredmanu on August 19, 2018, 03:29:40 PM If it is the government policy to not let cryptocurrency into the system no one can intervene in that. But Sri Lanka is a developing a country and the action of the government on bitcoins wont have much effect on the bitcoin market.
Title: Re: Bitcoin banned in Sri Lanka Post by: wdnj on August 22, 2018, 11:01:08 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? The only reason I could think of is having a control over their currency. If they accept cryptocurrency as a currency they cannot do any shady transaction in the government. It is more easier to audit politicians if cryptocurrency is implemented in their country and corrupt officials won't let that happen. This is bad for any ICO and/or crypto fans in Sri Lanka but not a big impact to them, Can't you see the good side on banning them by google? We can get more work here as they need more advertisements from us. this will make us much better in earning and more productive to the TEAM DEVELOPER and ICO. Title: Re: Bitcoin banned in Sri Lanka Post by: svetochka.yakovleva.93 on August 22, 2018, 11:51:21 AM this is a temporary ban! a lot of people suffered from the mosh in the crypt world! we need some kind of regulatory laws that can control at least somehow the state! then there will be legalization and remove all prohibitions!
Title: Re: Bitcoin banned in Sri Lanka Post by: Lambe Ndumble on August 22, 2018, 11:55:46 AM Of course this is bad, the more countries that are banned from bitcoin, the number of users will be reduced and they will automatically convert to fiat, this is what makes bitcoin prices difficult to rise due to banning from various countries.
Title: Re: Bitcoin banned in Sri Lanka Post by: bangkit tri on August 22, 2018, 12:01:41 PM Of course this is bad, the more countries that are banned from bitcoin, the number of users will be reduced and they will automatically convert to fiat, this is what makes bitcoin prices difficult to rise due to banning from various countries. right, with that news, of course, demand for bitcoin is decreasing, thus affecting price. we hope that governments of various countries will soon have policies that favor btc, so that there will be more and more bitcoinersTitle: Re: Bitcoin banned in Sri Lanka Post by: Magic Sarap on August 22, 2018, 12:28:11 PM Yes it is true bitcoin is now banned in Sri Lanka, I've seen a few freelancers who doesn't accept bitcoin i was curious about that. Another developing country banned bitcoin and a tragic moment for those crypto investor in Sri Lanka. I hope this things stop the banning bitcoin in their countries and if this continues it will affect the value of bitcoin also the value of other coins.But now i get it. Title: Re: Bitcoin banned in Sri Lanka Post by: Sukunan- on August 22, 2018, 12:33:50 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? it's not easy indeed so that bitcoin can be accepted by all countries in the world, but this is the bitcoin journey, maybe because the problem also makes the price run very slowly .. Title: Re: Bitcoin banned in Sri Lanka Post by: nicko122 on August 22, 2018, 12:43:47 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? While many countries are becoming more loyal to cryptocurrencies, some countries still banish them and it seems unreasonable.Title: Re: Bitcoin banned in Sri Lanka Post by: stownbridge on August 22, 2018, 02:49:40 PM Do not duda go gentlemen bankers. We already had examples of the ban, but after some time, it will be canceled. It is not a big country to stay out of the progress.
Title: Re: Bitcoin banned in Sri Lanka Post by: Legendari on August 22, 2018, 02:53:30 PM I think just local banks are unhappy with the success of bitcoin and fear for their position in the market. These are empty attempts to stop bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: nomenclatur on August 22, 2018, 03:17:17 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? While many countries are becoming more loyal to cryptocurrencies, some countries still banish them and it seems unreasonable.Title: Re: Bitcoin banned in Sri Lanka Post by: robin1991 on August 23, 2018, 05:33:27 AM Yes the main bank of srilanka ban bitcoin not in srilanka but many countries ban crypto currency but soon the all country accept crypto currency even srilanka also refuse ban on it.
Title: Re: Bitcoin banned in Sri Lanka Post by: RudeeTam on August 23, 2018, 05:37:14 AM If it were really banned, I don't think that it will be long before they figure out that they need cryptocurrency in their country. Some devveloped countries are already making bitcoin ATM machines so basically there something right in using it.
Title: Re: Bitcoin banned in Sri Lanka Post by: kzr_sk on August 23, 2018, 06:07:51 AM The volume sold and bought in the country was already low, I think market won't be affected!
Title: Re: Bitcoin banned in Sri Lanka Post by: Mr.grin on August 23, 2018, 06:15:05 AM I think Sri Lanka is not banning bitcoin, or crypto, but just giving a warning about the risk that can be received for those who want to enter the world of cryptocurrency. this has happened a lot in several countries. well, so far I know it like that.
Title: Re: Bitcoin banned in Sri Lanka Post by: janithaMax on August 23, 2018, 06:27:10 AM It was a really bad new for those who like to invest in Sri Lanka
Title: Re: Bitcoin banned in Sri Lanka Post by: Baksobakar on August 23, 2018, 07:09:23 AM really sad. whereas cryptocurrency can improve the economy of the people in Sri Lanka
Title: Re: Bitcoin banned in Sri Lanka Post by: Naginiya on August 27, 2018, 06:29:01 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? There are some ongoing discussions between the current government and the central bank of Sri Lanka regarding the public growing interest to use crypto assets into there business processes and I hope that this will not continue further more to make some regulations or restrictions to people who use crypto assets because if it happens that will be a huge problem for the crypto community in Sri Lanka and it's members Title: Re: Bitcoin banned in Sri Lanka Post by: Barcode_ on August 27, 2018, 06:36:24 AM It was a really bad new for those who like to invest in Sri Lanka I think the citizens of Sri Lanka who are interested to invest their money into bitcoin would eventually find a way to purchase bitcoin online, but I would say the government of Sri Lanka is obviously making a very bad decision to ban bitcoin, as the economic benefits that crypto-currencies could bring to a country would be huge in the future.Title: Re: Bitcoin banned in Sri Lanka Post by: chomli on August 27, 2018, 06:54:49 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? If some nation want to progress, they will have to accept crypto. Not necessarily but i partially agree with that argument Title: Re: Bitcoin banned in Sri Lanka Post by: AliceSusana88 on August 27, 2018, 07:09:26 AM I think Sri Lanka's Main Bank (Bank of Ceylon) does not want to compete with people being their own banks.
Title: Re: Bitcoin banned in Sri Lanka Post by: ryancollinscrypto on August 27, 2018, 07:12:05 AM Is there any official announcement for this?
Title: Re: Bitcoin banned in Sri Lanka Post by: tooklau on August 27, 2018, 07:27:57 AM This is an unfortunate news. I think the reason why banks ban cryptocurrencies is because of its freedom, because we know that banks in most countries have economic power, and the decentralization mechanism of coins will cause banks to lose such right!
Title: Re: Bitcoin banned in Sri Lanka Post by: euronine897 on August 27, 2018, 05:25:50 PM Even I saw the article and I was thinking are we passing the last year or last couple months using Bitcoin and other crypto assets because if the government do something regarding this matter like they dealt with Facebook , WhatsApp, Twitter and other social media during last period all Sri Lankan crypto investors would face a huge problem and nothing we will able to do regarding such decisions
Title: Re: Bitcoin banned in Sri Lanka Post by: zarintasnim on August 27, 2018, 05:43:44 PM Its a very sad news for bitcoin and cryptocurrency that Sri Lanka central Bank ban bitcoin. They have on economic strategy and i think government take this decision. For this matter Sri Lankan crypto investor face lot of problem.
Title: Re: Bitcoin banned in Sri Lanka Post by: CLAID on September 02, 2018, 01:40:34 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think it will ban in Sri Lanka definitely some day when these things continues with any government Sri Lanka will have the same thing will happen because the government understanding towards cryptocurrency and its community is very bad and most politicians have no understanding about the potential benefits they can gain to Sri Lanka from cryptocurrencies and the other reason they are making these accusations because India took the same decisions because they have the same mind set like we do Title: Re: Bitcoin banned in Sri Lanka Post by: BitsBang on September 02, 2018, 02:28:07 PM Ohh noo, no drinking a tea for a bitcoin holders anymore!
Title: Re: Bitcoin banned in Sri Lanka Post by: ACCOUNTSTRADER on September 02, 2018, 02:34:12 PM I think that they dont know very well what is BTC and cryptocurrencies...
Title: Re: Bitcoin banned in Sri Lanka Post by: nyn8920 on September 02, 2018, 03:13:41 PM Sri Lanka is a developing country and economy is not in a stable position. Might central bank believe if the crypto currency base trading increases inside the country it will impact on the economical development in the country !
Title: Re: Bitcoin banned in Sri Lanka Post by: makadaka on September 02, 2018, 03:17:52 PM I do not know what is the reason for the ban, but I think that this is not a serious player in the crypto currency market and therefore this news is unlikely to somehow negatively affect the market
Title: Re: Bitcoin banned in Sri Lanka Post by: Leadership58 on September 02, 2018, 06:02:06 PM It is really a very sad news but the reason behind this ban is still unknown and I think all the rumors about bitcoin is the main reason for this accident.
Title: Re: Bitcoin banned in Sri Lanka Post by: Nabilo on September 07, 2018, 08:50:56 PM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor. This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. Bad news for us, and especially for the people around Sri Lanka, this is an opportunity for them to maximize the use of BTC, and unfortunately the government has warned the people who are using Bitcoin, it may be a warning sign but it is also a sign that the people should be staying away, before anything else happens, hopefully some things may improve, and may they not ban BTC. Yes it is true bitcoin is now banned in Sri Lanka, I've seen a few freelancers who don't accept bitcoin i was curious about that. But now i get it. Title: Re: Bitcoin banned in Sri Lanka Post by: Suslura on September 07, 2018, 10:19:52 PM It is really a very sad news but the reason behind this ban is still unknown and I think all the rumors about bitcoin is the main reason for this accident. It is unknown why they are beginning to disseminate such information, since many leading countries are already starting to work with crypto currency. It is not for nothing that this issue was raised at the G-20 summit.Title: Re: Bitcoin banned in Sri Lanka Post by: Okrah on September 07, 2018, 10:31:51 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Maybe because the bank is afraid of the crypto currency. And the possible reason for this is the bank might be afraid of it or they just do not have the full knowledge of it.Title: Re: Bitcoin banned in Sri Lanka Post by: Taronet-division on September 07, 2018, 10:54:18 PM I don't see it, maybe it's just a warning not a ban. the government certainly will not be responsible for what happened with crypto which they consider too risky
Title: Re: Bitcoin banned in Sri Lanka Post by: Cuneng10 on September 07, 2018, 11:04:42 PM isn't it already long in that country bitcoin has been banned? because of this news the price of bitcoin used to be a bit slumped
Title: Re: Bitcoin banned in Sri Lanka Post by: yussuzc1 on September 07, 2018, 11:20:29 PM They probably want to protect their citizens from scam ICOs. Or a crypto money exchange may have spread the personal data of many citizens.
On the way this was too heavy, could have come to an arrangement instead. Title: Re: Bitcoin banned in Sri Lanka Post by: Uyiosarugue1 on September 07, 2018, 11:22:28 PM It is sad that some countries are not very welcoming of bitcoin, denying their citizens the opportunity to benefit from the global economy of bitcoin/Cryptocurrency
Title: Re: Bitcoin banned in Sri Lanka Post by: orarider on September 07, 2018, 11:30:30 PM Right. The Sri Lankan government has banned bitcoins. They think that bitcoin is illegal. Bitcoin can affect the national currency system of Sri Lanka. This is not good news for investors in electronic money here.
Title: Re: Bitcoin banned in Sri Lanka Post by: killerfrost on September 07, 2018, 11:44:57 PM I know the Sri Lankan government has banned bitcoin. This is bad news for all investors. The bitcoin market here is difficult. The reason is that the Sri Lankan government does not trust bitcoin. They think bitcoin will adversely affect the economy.
Title: Re: Bitcoin banned in Sri Lanka Post by: cahbagus555 on September 08, 2018, 01:04:16 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Government can create many reason and many excuses. But I am believe third country will following advance country in next several years and regulate bitcoin for transaction and for trading because government can earn taxes. Title: Re: Bitcoin banned in Sri Lanka Post by: MTNAX on September 08, 2018, 01:30:55 AM I think the ban on using bitcoin in Sri Lanka is bad news, considering bitcoin is very useful and it is unfortunate if bitcoin is prohibited from being used in Sri Lanka. The Sri Lankan government may be afraid that bitcoin will disrupt the economy in Sri Lanka's economy so that it prohibits it and considers bitcoin to be bad. Hopefully one day bitcoin will be accepted in Sri Lanka.
Title: Re: Bitcoin banned in Sri Lanka Post by: Tahir460pk on September 08, 2018, 01:44:38 AM Well it's not a good news for both that bitcoin is banned in Sri Lanka they must be sit on tabel and clear each other eligtion and government don't be afraid from it , hope for a best in future.
Title: Re: Bitcoin banned in Sri Lanka Post by: warwar on September 08, 2018, 01:49:19 AM The legal status of Bitcoin is not defined in Sri Lanka. According to short commentaries of local bureaucrats, SL Central Bank seems to be supportive of digital currencies. However, CB officials consider crypto as something to look forward to only in the future, which might take 5 to 10 years. This position could be partially explained by a relatively low Internet penetration rate in Sri Lanka, which makes most of its citizens still unaware of Bitcoin. Anyhow, selling/ buying crypto-currencies and organizing ICOs are not against the law in SL.
Title: Re: Bitcoin banned in Sri Lanka Post by: Spontebob on September 08, 2018, 05:42:23 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? If some nation want to progress, they will have to accept crypto. How unfortunate. They banned bitcoin because they lack the knowledge about its capbilities or because of the news and articles about users being scammed since there are still scammers in the community. Title: Re: Bitcoin banned in Sri Lanka Post by: DavidBolster on September 08, 2018, 06:28:20 PM It is a very old news and it is not full in Sri Lanka and I still don't get any reliable source of this news but if it happens then it would must be a wrong decision of Sri Lankans government.,
Title: Re: Bitcoin banned in Sri Lanka Post by: CryptoCClendon on September 08, 2018, 06:41:53 PM They can continue banning, the truth remains that they can never ban the future, they can't ban blockchain they can't ban technology
Title: Re: Bitcoin banned in Sri Lanka Post by: Kaznachej123 on September 08, 2018, 06:59:08 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? As Sri Lanka is becoming more aware of new developments in technology they have started to understand the concept and principles of this idea but I believe they are not used to the idea of BTC. Humans are scared of new things and they are upset that they are losing congtrol adn what they control the Sri Lankan Rupee they have messed up 8) Title: Re: Bitcoin banned in Sri Lanka Post by: Janet Wright on September 09, 2018, 03:44:21 PM I think they accepted to change. They will lose benefits from BItcoin and spend that money in the different major in economy.
Title: Re: Bitcoin banned in Sri Lanka Post by: Patrick Carvalho on September 09, 2018, 03:45:29 PM That's a bad new! The BItcoin market will be a little bit narrow by Sri Lanka. I hope this government will soon change the policy in order that Bitcoin will comeback. I believe that they know how to make profits.
Title: Re: Bitcoin banned in Sri Lanka Post by: Heather Santos on September 09, 2018, 03:46:43 PM Is that true? I don't think so. I have read some newspaper and searched some imformation but there is a few information that announce this problem.
Title: Re: Bitcoin banned in Sri Lanka Post by: ansarose1 on September 09, 2018, 03:53:04 PM As i have read about that article, because of sri lanka is just aware of the new developments in technology that they have to understand the idea and concept about bitcoin, however their banks sesms to be supportive about digital currency.
Title: Re: Bitcoin banned in Sri Lanka Post by: CrimBit on September 09, 2018, 04:12:58 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think it's only normal for the government and banks to ban cryptocurrency because there are many frauds that were previously withdrawn involving bitcoin around Southeast Asia that is why Sri Lanka Bank takes steps and lets their people know about the risks involved. but it's just a ban, not a direct ban, and they can still access Bitcoin.Title: Re: Bitcoin banned in Sri Lanka Post by: BlackHills41 on September 09, 2018, 06:41:00 PM It is not a big deal for bitcoin because it can not fall any big effect in the market of bitcoin but it is a sad news and hope they should understand their fault and withdraw it.
Title: Re: Bitcoin banned in Sri Lanka Post by: Teriyanone on September 10, 2018, 06:53:51 AM Is it true. It is a very bad news. If the country need to be developed they need to accept crypto currency. Do you think the Sri Lankan government can do such thing to eliminate cryptocurrencies from the entire country because I don't see any negative effect we have done for the country by making investments and doing transactions using cryptocurrencies and many members in the crypto community focus on making some money without breaking any rules so what is the purpose to take such actions against cryptocurrencies and its use locally. I hope crypto ban in sri lanka will not happen in the future because so many people just started the journey in the crypto world Title: Re: Bitcoin banned in Sri Lanka Post by: candy69 on September 10, 2018, 07:24:38 AM In my opinion, people are not at all bothered what Sri Lankan government is doing, as they are not the major players of cryptocurrency. Many governments all over the world are against cryptocurrency, as they think it is a threat to their financial system.
Title: Re: Bitcoin banned in Sri Lanka Post by: damrianto on September 10, 2018, 08:14:40 AM The decline in digital currencies follows Bloomberg's report on Monday, January 15, 2018, that the Chinese government is restricting the trading of digital currencies that have been banned in the exchange. While many other countries have shown an attitude to ban bitcoin transactions such as Germany, Egypt and China which will close bitcoin mining because it consumes large electricity consumption. but now Sri Lanka has not been listed on the bitcoin ban until now.
Title: Re: Bitcoin banned in Sri Lanka Post by: Iceblast on September 10, 2018, 08:16:43 AM In my opinion, people are not at all bothered what Sri Lankan government is doing, as they are not the major players of cryptocurrency. Many governments all over the world are against cryptocurrency, as they think it is a threat to their financial system. the issue of cryptocurrency threats to the country's economy is a major issue why so many countries have banned crypto. maybe the Sri Lanka government now has this kind of thinking so that it prohibits crypto.Title: Re: Bitcoin banned in Sri Lanka Post by: ahamir on September 10, 2018, 09:36:27 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. Some country are permitted to bitcoin in their county. so nothing wrong. Title: Re: Bitcoin banned in Sri Lanka Post by: RealSohan on September 10, 2018, 09:51:04 AM The government can not control Bitcoin. Due to the decrease in current Bitcoin, many countries have financially financial losses. It's really a very very sad news. Their government will consider the digital currency bitcoin as a successful currency. I think Sri Lankan government will understand and withdraw the ban.
Title: Re: Bitcoin banned in Sri Lanka Post by: Irfansyed on September 11, 2018, 01:59:57 PM great post sri lankan goverment is crazy i think sri lanka is ,going to down in world ,newer banned in bitcoin country all user use the bitcoin
Title: Re: Bitcoin banned in Sri Lanka Post by: Utitinonire on September 12, 2018, 09:12:21 AM This a s been going on for months and years now. We just have to find a way to make people understand crypto else they will continue to have bad perceptions about the dealings in crypto. As for the banks, I think crypto is becoming a threat to their profit gains and their poor centralized systems.
Title: Re: Bitcoin banned in Sri Lanka Post by: euronine897 on September 13, 2018, 08:23:10 AM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor. This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. I red the same article but it doesn't clearly mentioned about bitcoin banning it is like an announcement to warn people about digital currency usage in locally but nothing is mentioned about the government or the central bank is going to ban cryptocurrencies in Sri Lanka but many rumors are coming that government is against the crypto use so only the time will tell what is going to happen but better to stay alert Title: Re: Bitcoin banned in Sri Lanka Post by: antonhuda on September 13, 2018, 08:47:34 AM It seems that news that will not have a negative impact on the development of bitcoin. Sri Lanka feels that finance can be threatened by the presence of bitcoin, so their banks do not accept bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: anushkasachith888 on September 13, 2018, 02:38:33 PM This news is wrong. There is no main bank in Sri Lanka. Bank of Ceylon is the oldest state bank. A state bank cannot ban bitcoin or anything else. only central bank can do so. recently central bank instructed sri lankan commerical banks to avoid depositing dollars to buy bitcoin. now sri Lankans cant deposit money to cex.io. Neteller etc..
Title: Re: Bitcoin banned in Sri Lanka Post by: bitcoindusts on September 13, 2018, 04:24:07 PM Sri Lanka's Central Bank was clear on the reasons.
They perceived bitcoin to be riskier than any other investing instruments out there and the use of bitcoin falls foul of anti-money laundering laws. Besides it decentralization, Sri Lanka's central bank finds bitcoin to be more of a speculative asset rather than an actual currency. Title: Re: Bitcoin banned in Sri Lanka Post by: grabpopcorn536 on September 13, 2018, 04:56:18 PM I think you have been wrong about the ban and the warning. Many countries have banned transactions between BTC and banks, but we still participate in transactions, what do you think, I see the ban is no longer important. I can still transfer money to my account. Anyone who joined Crypto I think they are like me.
Title: Re: Bitcoin banned in Sri Lanka Post by: SAHARANINE on September 14, 2018, 02:45:41 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Sri lankan government will not ban Bitcoin or any other crypto asset locally very soon because the community members are too small to be considered as a threat to the government or its financial system so until that crypto users can play around but if the number of people and usage gets worse then there will be a huge problem and the government might take some actions against cryptocurrencies Title: Re: Bitcoin banned in Sri Lanka Post by: SAHARANINE on September 14, 2018, 02:49:30 PM I think you have been wrong about the ban and the warning. Many countries have banned transactions between BTC and banks, but we still participate in transactions, what do you think, I see the ban is no longer important. I can still transfer money to my account. Anyone who joined Crypto I think they are like me. Of course you might be correct and that is because i think due to the bitcoins and other cryptocurrencies are blockchain based and they are decentralized in nature so anything cannot interrupt to the network so governments only can make certain amount of restrictions against the usage of cryptocurrencies in various websites and exchanges by blocking them like they do to social media sites in troubling situations Title: Re: Bitcoin banned in Sri Lanka Post by: bluehive21 on September 14, 2018, 03:17:10 PM its not a ban its a memo, a mmo that say that the central bank of sri lanka will not be held accountable for any actions done by businesses and that the central bank does not insure or licence it. .. the central bank doe not endors or licence baked beans.. thats why you dont see a bank slling baked beans. until there is a GOVERNMENT LAW. that states it is illegal to operate a crypto business. and that law mentions the penalty.. then just treat the memo as what it is .. a memo nearly every country has released an investor warning memo that investing in crypto is risky and a bank will not insure losses It is looks like an memo and I agree because if the government really wanted to ban crypto using in locally they could have taken more action than giving a warning though the central bank to the general public and still no crypto related site or exchange has banned from our side so that means they have no intention to do that yet but no one knows what kind of decision they might take in the future so we have to prepare for everything Title: Re: Bitcoin banned in Sri Lanka Post by: TARUN GUPTA on September 14, 2018, 03:31:26 PM IS IT TRUE THIS IS REALLY BAD NEWS.
Title: Re: Bitcoin banned in Sri Lanka Post by: ojanamon on September 14, 2018, 04:01:39 PM I don't know why many government don't accept bitcoin it's now global digital currency and bitcoin popularity increase day by day. If that news is true then this is sad news
Title: Re: Bitcoin banned in Sri Lanka Post by: Heruwa on September 14, 2018, 04:13:25 PM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor. This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. Many countries provide similar statements, not prohibit but warn the public to invest in bitcoin has a big risk, and this is the government's concern about the economic value of the community. Title: Re: Bitcoin banned in Sri Lanka Post by: takihaha on September 14, 2018, 04:15:49 PM they totally do not know how it could benefit them as a country. i do not think it will be long before they find out that they need cryptocurrency in their country.
Title: Re: Bitcoin banned in Sri Lanka Post by: jaymmagne on September 14, 2018, 04:43:12 PM That's a sad news for all of us in bitcoin. Every time their will be a bad news will make the price of Bitcoin goes low. Hope this will rise soon!.
Title: Re: Bitcoin banned in Sri Lanka Post by: pragna on September 14, 2018, 04:56:53 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. Awareness and banned are not the same thing sir. Awareness means that government must thinking about this. At present time they thinking BTC may misused by the people but i think when another big house government will accepted this they may accepted this. Be a positive man. Title: Re: Bitcoin banned in Sri Lanka Post by: spyderbilt on September 14, 2018, 05:14:52 PM I think the Sri Lanka government has a strong statement as to why bitcoin was banned in Sri Lanka, but also the effect of Sri Lanka being banned does not have a significant effect on the way Bitcoin is on cryptocurrency. so that is not a problem.
Title: Re: Bitcoin banned in Sri Lanka Post by: gaurav82 on September 14, 2018, 05:23:05 PM Everyday I hear the news about Bitcoin. Some are bad and some are good. If it is bad for country then why develop countries are accepting it. There are more ico are still coming. I think if develop countries will accept it then other countries have to accept.
Title: Re: Bitcoin banned in Sri Lanka Post by: ParveZ219 on September 14, 2018, 05:49:05 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think the main reason of banning is that bitcoin transaction cant be traced.. it is mostly used by drug peddlers and gun smugglers so maybe for this reason many countries are banning Bitcoins. Title: Re: Bitcoin banned in Sri Lanka Post by: orayorayan2 on September 14, 2018, 06:14:55 PM maybe the banking players in the country are afraid that the cryptocurrency will shift and defeat so that they will suffer losses because they are unable to compete, other than that the government in the country may intervene for fear of many illegal problems that will be caused by the use of cripto currencies and it shows unpreparedness they accept change
Title: Re: Bitcoin banned in Sri Lanka Post by: kucing garong on September 14, 2018, 07:47:48 PM As we know, many countries have banned Crypto. With many reasons, maybe one of them is afraid that crypto itself will compete with the value of the country's currency. And issues like this have been many among this forum.
Title: Re: Bitcoin banned in Sri Lanka Post by: Pump N Dead on September 15, 2018, 07:21:01 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I won't be surprise if the banks banned cryptocurrency transactions because they are the one who are directly affected in using cryptocurrency. Imagine if all the people use cryptocurrency, you don't need a bank at all and the best of it is that you are in control of your money and not the bank. Title: Re: Bitcoin banned in Sri Lanka Post by: rajesharora002 on September 15, 2018, 07:46:30 AM i cleared in this topic that bank of sri lanka banned bitcoin transation throw bank like india.this not banned on bitcoin .becouse no body banned on bitcoin. some contries allow bitcoin and some not allow bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: Persiontateneis on September 15, 2018, 08:28:07 AM We cant say it is ban in Sri Lanka as there is no official announcement by the government of the nation.But they need to do more research about it as it will help to boost economy of underdeveloped and developing nations in a positive manner.
Title: Re: Bitcoin banned in Sri Lanka Post by: burky156 on September 15, 2018, 09:15:03 AM I think thats not end of the world. Sri Lanka is small island country which have 20 million population. And the people of Sri Lanka are quite poor.. So it wouldn't make any difference if they ban or not. The main think is the biggest countries. When the usage get larger, the market would go higher and higher..
Title: Re: Bitcoin banned in Sri Lanka Post by: quocsi on September 15, 2018, 09:24:59 AM This is really bad. They probably want to protect the interests of the banks and issue a ban. This is a grape country and they can not stop the negative issues from the bitcoin that have brought their economies. I really feel sorry for investors from this country.
Title: Re: Bitcoin banned in Sri Lanka Post by: beami on September 15, 2018, 09:57:15 AM I think thats not end of the world. Sri Lanka is small island country which have 20 million population. And the people of Sri Lanka are quite poor.. So it wouldn't make any difference if they ban or not. The main think is the biggest countries. When the usage get larger, the market would go higher and higher.. It is true, there is no effect with the development of bitcoin if Sri Lanka prohibits bitcoin from growing in its country. I argue that later the Sri Lankan government will regret having banned bitcoin from developing. Bitcoin will continue to have value and continue to grow according to the development of internet technology. Title: Re: Bitcoin banned in Sri Lanka Post by: bamine on September 15, 2018, 10:02:00 AM Because they don't know what is bitcoin and cryptocurrencies. Lol they can't follow the trend.
Title: Re: Bitcoin banned in Sri Lanka Post by: thevlox on September 15, 2018, 02:42:23 PM In many countries bitcoin has been banned. But bitcoin can be used in advanced countries. I think countries that are bitcoin banned are bulls.
Title: Re: Bitcoin banned in Sri Lanka Post by: Sithawaka on September 15, 2018, 02:47:56 PM I haven't seen Sri Lankan media organizations are announcing news regarding bitcoin or cryptocurrencies even negative or positive and that is maybe because major government or financial organizations in Sri Lanka has no concern about the digital currency market and they are busy finding solutions to other problems in the country that are truly matters so I don't think any bad effect come from the government to use crypto assets locally at least during this period
Title: Re: Bitcoin banned in Sri Lanka Post by: Dudeperfect on September 15, 2018, 03:27:54 PM To be honest, banning Bitcoin is not possible because Bitcoin is based on the blockchain technology which relies on the principle of decentralization and since we have the blocks all over the world it is almost impossible for any country to ban it entirely. However, banks or any government have the authority to ban Bitcoin to fiat and vice versa transactions but even in that case, we can always use cash or other valuable commodities legally as far as we are not disrespecting any law to exchange Bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: kamilah147 on September 15, 2018, 03:35:23 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? everyone does not know exactly what the cause is, but I think that in the country of Sri Lanka it prohibits bitcoin, surely there is a big reason, or maybe because the current price in the market is falling continuously, Sri Lanka does not believe that bitcoin will be destroyed and give disaster for them. Title: Re: Bitcoin banned in Sri Lanka Post by: Larva14 on September 15, 2018, 04:21:43 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? A sad news for bitcoin users in Sri Lanka. However we don't have a whole news in which we can see the reason why the government of Sri Lanka banned bitcoin. Since the government of Sri Lanka has the right to do it. But I think they can still used it like converting it to coin.ph or into cash Title: Re: Bitcoin banned in Sri Lanka Post by: kkaroul4 on September 15, 2018, 04:44:50 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? many countries that also prohibit bitcoin are also many reasons that the country may be one of the reasons that causes inflation of local currencies, and money laundering may be in my opinionTitle: Re: Bitcoin banned in Sri Lanka Post by: insurgent on September 15, 2018, 05:10:02 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Some countries also banned bitcoin but the people who live there who is really determine to invest in bitcoin find a way. Its kinda sad because what if sri lanka people want to invest but they dont have given a chance. I hope their government change their mind about this.Title: Re: Bitcoin banned in Sri Lanka Post by: BestBoardroom36 on September 15, 2018, 05:23:25 PM Yes, it is a bad news but I must say it will not going to affect the future of bitcoin because Sri Lanka is a developing country on the other hand many developed country accept bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: Drakula on September 15, 2018, 05:25:25 PM Yes, it is a bad news but I must say it will not going to affect the future of bitcoin because Sri Lanka is a developing country on the other hand many developed country accept bitcoin. I agree with you. I think there's some reason why did they forbid it but lets hope it can be opened so that every one can have a chance of investing in it if they desiredTitle: Re: Bitcoin banned in Sri Lanka Post by: al maruf on September 15, 2018, 05:38:53 PM Bitcoin banned in Sri Lanka You have not shown any evidence about this. And this news is not entirely accurate. That is their bank warned them. You see that all the countries are afraid of accepting Bitcoin, those countries are poor countries. The rich countries do not talk about Bitcoin but. So there is nothing to worry about. All the business comes with some problems or something. But it is like waiting for a business to have fun. There are many successes too. So I think it's not a problem.
Title: Re: Bitcoin banned in Sri Lanka Post by: Tatsuyashiba on September 15, 2018, 05:42:36 PM really a very unfortunate thing where a country immediately blocks something new, maybe because of some reason your country blocked crypto, either because of its security or about taxes and crypto wealth not counted in a country's GDP
Title: Re: Bitcoin banned in Sri Lanka Post by: Sevarchik on September 15, 2018, 05:47:11 PM Bad news for Sri Lanka, but i think this ban for using crypto, nobody do not restrict you holding cryptos.
I am sure soon this ban will be canceled and then if you have coins will be good Title: Re: Bitcoin banned in Sri Lanka Post by: HerbertMarcel on September 15, 2018, 06:17:03 PM The government took really a very fool decision of ban bitcoin because Sri Lanka is a developing country and bitcoin can help to improving their condition.
Title: Re: Bitcoin banned in Sri Lanka Post by: Elerntta on September 15, 2018, 09:30:06 PM I am very upset every news about the ban of bitcoin. It's a little slow its development. But I hope that the government will reconsider its opinion and accept bitcoin on its territory.
Title: Re: Bitcoin banned in Sri Lanka Post by: Dondisimo on September 15, 2018, 09:48:25 PM I do not think that this ban will last forever,as when the whole world will switch to cryptocurrency, the rest of the countries will have nothing to do but to accept bitcoin. Otherwise, they will lag behind world development.
Title: Re: Bitcoin banned in Sri Lanka Post by: ehiozuwa on September 15, 2018, 09:52:12 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Another sad case of politician trying to protect their sponsors, bitcoin is always desired by all as more persons see the progress and solutions it offers. They are grossly misinformed about bitcoin and cryptos Title: Re: Bitcoin banned in Sri Lanka Post by: hometester on September 16, 2018, 04:49:06 PM excessive passion for cryptocurrencies and the fall of bitcoin
Title: Re: Bitcoin banned in Sri Lanka Post by: CryptoGuro1 on September 16, 2018, 04:49:55 PM I think you will see more and more of this, untill regulators have no choice but to allow it flourish once the mases go against their wishes
Title: Re: Bitcoin banned in Sri Lanka Post by: Babyrica0226 on September 17, 2018, 11:19:23 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Sri lanka is not the only country who did banning crypto, there are others do the same thing like Russia if I am not mistaken, but in the end they've revoked it, then now they are very opened into crypto/bitcoin, because they've found out that Crypto and bitcoin could give a big help to their economy and to their citizens too as well. Title: Re: Bitcoin banned in Sri Lanka Post by: satria2 on September 18, 2018, 12:12:59 AM excessive passion for cryptocurrencies and the fall of bitcoin Everyone has their own opinions about the benefits of Bitcoin or about the ugliness of Bitcoin. then you should understand about the country. Title: Re: Bitcoin banned in Sri Lanka Post by: commablockchain on September 21, 2018, 07:07:49 AM I searched a bit on google, and is there any actual evidence of this ?
Title: Re: Bitcoin banned in Sri Lanka Post by: Gagah119 on September 26, 2018, 03:27:35 AM In Indonesia, the government prohibits bitcoin as a means of payment but does not prohibit bitcoin investment, I think the case in Sri Lanka is exactly the same as in Indonesia, sorry if I'm wrong.
Title: Re: Bitcoin banned in Sri Lanka Post by: Btc Specialist on September 26, 2018, 03:42:46 AM This is a bad news for us and crypto fans.If a nation want to develop their country then must need to use cryto business.Work in Bitcoin.I think this is the bad decision for Srilanka.
Title: Re: Bitcoin banned in Sri Lanka Post by: OSYA on September 26, 2018, 04:18:39 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? May I see the link to the information source? It is a normal thing. Usually, those countries that do not know what bitcoin is just banning it instead of trying to understand what is that and how it works. Apparently, Sri-Lankan government and banks are lazy to conduct their research. Title: Re: Bitcoin banned in Sri Lanka Post by: Affilate User on September 26, 2018, 04:27:28 AM I think some countries have started giving restrictions on the circulation and use of bitcoin in their countries but I am sure it will only make him lose because digital currencies like bitcoin will be used in the future.
Title: Re: Bitcoin banned in Sri Lanka Post by: Blue_oxen on September 26, 2018, 04:33:11 AM just a small country. even us can't ban bitcoin and japan had been accepted bitcoin so it is nothing for us
Title: Re: Bitcoin banned in Sri Lanka Post by: crazycatwoman03 on September 26, 2018, 04:34:28 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? This is another sad news for us. Just like the reasons of other countries that already banned bitcoin, they did not trust Bitcoin because it is decentralized obviously Government wants a centralized because they can control it, another reasons also was, maybe Sri Lanka Governments also wants to avoid to used Cryptocurrency in an illegal services because we knew that it can be a tool to used. However, Even though its true or not this news, we need to respect their decisions because they also have their personal opinion regarding to this kind of thing. Title: Re: Bitcoin banned in Sri Lanka Post by: Jocuserious on September 26, 2018, 05:25:14 AM Really are you sure now?? Actually I don't have received yet this news basically it's my first reading topic Sri Lanka countries bank banned in bitcoin.if your topic is true now then I just tell him that is bad Action to everyone Bitcoin users in Sri Lanka.
Title: Re: Bitcoin banned in Sri Lanka Post by: egytrickz on September 26, 2018, 06:04:39 AM As Sri Lanka became more aware of new developments in technology, they began to understand the concept and principles of the idea but I believe they are not familiar with the idea of bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: yuzefa on September 26, 2018, 06:10:24 AM I love to see how governments are trying to stop cryptos... But they can't, they will surrend to the innovation first or later...
They can't stop BTC or any other crypto movement. Title: Re: Bitcoin banned in Sri Lanka Post by: Yantoaja on September 26, 2018, 06:24:45 AM i don't know how many times the state government has banned BTC in their country, which I want to know the reason for what reasons they can ban BTC as a medium of exchange or investment, even though we are more careful if the government takes BTC deepweb to buy illegal goods is wrong, because we can also buy illegal items with money. maybe the government still can't withdraw taxes from BTC transactions so the government doesn't want their currency to be worthless.
Title: Re: Bitcoin banned in Sri Lanka Post by: Ava Duvall on September 26, 2018, 07:14:21 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? everyone does not know exactly what the cause is, but I think that in the country of Sri Lanka it prohibits bitcoin, surely there is a big reason, or maybe because the current price in the market is falling continuously, Sri Lanka does not believe that bitcoin will be destroyed and give disaster for them. Title: Re: Bitcoin banned in Sri Lanka Post by: dlouulmusthofa on September 26, 2018, 07:22:43 AM how can you say it without any underlying reference? show the article and the data which provide this information and then you can say that
Title: Re: Bitcoin banned in Sri Lanka Post by: basyang on September 26, 2018, 07:44:33 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I feel bad for this news. Another country banned bitcoin, this is not good. Even though it banned today I knew that it is still open for some possiblities and opportunities when it comes to the innovation of the future in technology, as of now for sure they can not see their country that cooperate in using bitcoin. I knew someday it will change, they will have another reason to change their mind and accept bitcoin as one of their currency. Title: Re: Bitcoin banned in Sri Lanka Post by: admosfir on September 26, 2018, 08:05:48 AM I'm not surprised if bitcoin is prohibited in some countries because bitcoin is not legal for some countries, because bitcoin currencies are still not inaugurated in a country, but if you think bitcoin still needs development again because bitcoin has not been legal in some countries ... . yeah, that's true, there are some countries which still ban bitcoin and other crypto for used, but i'm sure on the future all countries will believe bitcoinTitle: Re: Bitcoin banned in Sri Lanka Post by: hulla on September 27, 2018, 03:51:47 AM I think some countries have started giving restrictions on the circulation and use of bitcoin in their countries but I am sure it will only make him lose because digital currencies like bitcoin will be used in the future. Hold on guys before you believe what the OP said cause the news was false. Although, Sri Lanka are yet to legalize bitcoin and they don't banned it either but they only warn their citizens about the risk involve in using cryptocurrency.https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka https://www.quora.com/What-are-Sri-Lankas-regulations-about-Bitcoin Do your own research before you believe what people post Title: Re: Bitcoin banned in Sri Lanka Post by: reverseflash on September 28, 2018, 06:47:51 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? May I see the link to the information source? It is a normal thing. Usually, those countries that do not know what bitcoin is just banning it instead of trying to understand what is that and how it works. Apparently, Sri-Lankan government and banks are lazy to conduct their research. Precisely, the news is, but where did this information come from, no one knows, but then everyone is surprised where the panic mood comes from. Prohibition is always easier than accepting a new one. It's not for nothing that they recommend introducing a younger generation into the government, which is not so biased about innovations. Title: Re: Bitcoin banned in Sri Lanka Post by: Pirate46Mx on September 28, 2018, 06:58:15 PM I personally do not know for sure what the cause is, but according to my predictions, that might be due to the weakening of the Sri Lankan currency exchange, because people are beginning to switch transactions using Bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: Bonsaiav on September 28, 2018, 07:41:07 PM After I read some news or articles related to cryptocurrency in Sri Lanka, it seems they still allow the use of cryptocurrency there the reason's because there's no clear regulation regarding this issue the same thing as Indonesia.
Quote The legal status of Bitcoin is not defined in Sri Lanka. According to short commentaries of local bureaucrats, SL Central Bank seems to be supportive of digital currencies. However, CB officials consider crypto as something to look forward to only in the future, which might take 5 to 10 years. This position could be partially explained by a relatively low Internet penetration rate in Sri Lanka, which makes most of its citizens still unaware of Bitcoin. Anyhow, selling/ buying crypto-currencies and organizing ICOs are not against the law in SL. Title: Re: Bitcoin banned in Sri Lanka Post by: Coroline on September 28, 2018, 08:14:09 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? because the government assesses bitcoin as a transaction that is dangerous for their country, such as terrorist fees or for illegal drugs or to avoid taxes, so it all depends on the government the country itself agrees or does not have bitcoinTitle: Re: Bitcoin banned in Sri Lanka Post by: $9million on September 28, 2018, 10:07:44 PM Oh that's really bad. Bitcoin is the future and so being banned will one day bring a problem because bitcoin in a country helps boost the economy of the country and also generates revenue income to the government.
Title: Re: Bitcoin banned in Sri Lanka Post by: RiskySanchez on September 28, 2018, 10:52:56 PM I'm not suprised if there are several countries banning bitcoin. because bitcoin itself is not a local product from their country, of course they also protect their economy from the dominance of the crypto currency
Title: Re: Bitcoin banned in Sri Lanka Post by: Winifred2609 on September 30, 2018, 08:55:18 AM At this stage, after they realize that technology is important, it is too late. Or rather Sri Lanka is a small country. However, even so we can not forbid bitcoin and Japan has been accepted bitcoin so it is nothing for us
Title: Re: Bitcoin banned in Sri Lanka Post by: kauban2018 on October 07, 2018, 10:16:32 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Is it true that Sri Lanka banned Bitcoin? This news is new to me. Having this kind of crypto business will help a country to develop in some other aspects and it may also help their people from poverty. So this means people will get poorer and poorer because they maybe cant handle even this kind of business.Title: Re: Bitcoin banned in Sri Lanka Post by: Ashong Salonga on October 07, 2018, 11:59:48 AM I'm not suprised if there are several countries banning bitcoin. because bitcoin itself is not a local product from their country, of course they also protect their economy from the dominance of the crypto currency Well this is not a good news for all of those people in sri lanka who really wants to invest in crypto, banning bitcoin in other countried is really bad news for many people who also wants to be very profitable in cryptocurrency, hoping in the next few years sri lanka will make bitcoin legal.Title: Re: Bitcoin banned in Sri Lanka Post by: ranman09 on October 07, 2018, 12:08:32 PM I'm not suprised if there are several countries banning bitcoin. because bitcoin itself is not a local product from their country, of course they also protect their economy from the dominance of the crypto currency Well this is not a good news for all of those people in sri lanka who really wants to invest in crypto, banning bitcoin in other countried is really bad news for many people who also wants to be very profitable in cryptocurrency, hoping in the next few years sri lanka will make bitcoin legal.Actually, they have not banned bitcoin, they just released a memo concerning the safety of investors and business that uses cryptocurrencies. Title: Re: Bitcoin banned in Sri Lanka Post by: quocsi on October 07, 2018, 12:13:26 PM is it right. I heard many experts say that Sri Lanka's main bank only issued a warning to its citizens to avoid electronic money but they did not issue a ban. Therefore, investors can still invest in electronic money. And this news does not significantly affect the value of bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: tikaka on October 07, 2018, 12:27:10 PM Sad news to bitcoin investors in Sri Lanka. More and more countries banned bitcoin and its market is shrinking. It will probably affect the bitcoin value. In the future I hope not to see more countries banning bitcoin anymore.
Title: Re: Bitcoin banned in Sri Lanka Post by: JimmyJeri on October 07, 2018, 01:10:12 PM we can not find the exact reason why bitcoin is banned, if yes, we must have been prevented from banning bitcoin
Title: Re: Bitcoin banned in Sri Lanka Post by: yigga on October 07, 2018, 01:33:32 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Not banned brother, This a just warning and not any effect. They only warning for ICO investment but Hope we can have good news later. Just neglect that and do your works Title: Re: Bitcoin banned in Sri Lanka Post by: endut15 on October 07, 2018, 01:49:00 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I feel that bitcoin is experiencing an impossible situation. then Sri Lanka's state rejects the circulation of bitcoin, because they fear that bitcoin which is currently happening can harm the country's finances, so they prohibit bitcoin to circulate. Title: Re: Bitcoin banned in Sri Lanka Post by: ngm22585 on October 07, 2018, 01:57:36 PM This is unfortunate, but it's important to remember that Sri Lanka is not a major player when it comes to global finance, or even Asia. All in all, this is a minor setback.
Title: Re: Bitcoin banned in Sri Lanka Post by: abarbaz on October 09, 2018, 05:03:44 PM The lawful status of Bitcoin isn't characterized in Sri Lanka. As per short discourses of neighborhood civil servants, SL Central Bank is by all accounts steady of advanced monetary standards. Be that as it may, CB authorities consider crypto as something to anticipate just later on, which may take 5 to 10 years. This position could be in part clarified by a moderately low Internet infiltration rate in Sri Lanka, which makes the vast majority of its natives still unconscious of Bitcoin. In any case, offering/purchasing cryptographic forms of money and arranging ICOs are not illegal in SL.
Title: Re: Bitcoin banned in Sri Lanka Post by: bubblebubble on October 10, 2018, 08:41:05 PM It's fantastic noting how State changes own approach toward crypto. Japan pushes on the accelerator, other States forbide crypto to avoid money move on foreign bank accounts...
Title: Re: Bitcoin banned in Sri Lanka Post by: Pyr3x on October 24, 2018, 10:04:40 PM Perhaps the authorities of this country are afraid that cryptocurrencies can disrupt the order of the economy. But I think it's stupid. How can modernization of the economy and the country as a whole be banned? Why resist progress?
Title: Re: Bitcoin banned in Sri Lanka Post by: 3la9l_kolbaCa on October 24, 2018, 10:18:11 PM Perhaps the authorities of this country are afraid that cryptocurrencies can disrupt the order of the economy. But I think it's stupid. How can modernization of the economy and the country as a whole be banned? Why resist progress? Don't get intimidated from this new, because I don't think sri lanka's people give up on this. Possibly the government banned their bitcoin's but they cannot prevent their people of having transactions online. Bitcoin is decentralized and it has no barriers for where it's going to be converted to fiat earnings.Title: Re: Bitcoin banned in Sri Lanka Post by: rtm125 on October 24, 2018, 10:19:52 PM I am far from this country and do not know what guided the government of this country by prohibiting the functioning of cryptocurrencies. And why? I don't see anything wrong with using bitcoin, as it can make all payment transactions much easier and safer.
Title: Re: Bitcoin banned in Sri Lanka Post by: aryaadikariyansyahsuwarto on October 24, 2018, 10:26:36 PM maybe the negative impact caused by the new bitcoin feels and is just emerging. If left like this continues, it is not impossible that other countries will also be banned from bitcoin. For that reason, don't make a negative impact on bitcoin, because it will hurt us ... !!
Title: Re: Bitcoin banned in Sri Lanka Post by: ojotoyo10 on October 24, 2018, 10:30:26 PM I'm not suprised if there are several countries banning bitcoin. because bitcoin itself is not a local product from their country, of course they also protect their economy from the dominance of the crypto currency Every country must make regulations so that the use of bitcoin can be accepted by the public. Bitcoin does not belong to one country but in my opinion bitcoin is one of the important assets in the world.Title: Re: Bitcoin banned in Sri Lanka Post by: samycoin on October 24, 2018, 11:54:15 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think they did not ban it but warn the people to be vigilant and extra careful about crypto investment because we all know how crypto risky is. Much better that centralize bank aware about crypto because they want a better to the people.Title: Re: Bitcoin banned in Sri Lanka Post by: deppil on October 25, 2018, 01:24:52 AM I'm not suprised if there are several countries banning bitcoin. because bitcoin itself is not a local product from their country, of course they also protect their economy from the dominance of the crypto currency Every country must make regulations so that the use of bitcoin can be accepted by the public. Bitcoin does not belong to one country but in my opinion bitcoin is one of the important assets in the world.Title: Re: Bitcoin banned in Sri Lanka Post by: dealsmith on October 25, 2018, 01:38:22 AM This is not the only case, as many countries have also banned the use of bitcoin, which may be for a variety of reasons. They may be worried that if the bitcoin grows too strong, they will not be able to control it, and it will completely replace the paper money. So, when the paper money is gone, the banks disappear, which in turn affects the government's large revenue.
Title: Re: Bitcoin banned in Sri Lanka Post by: KingOfWinterfell01 on October 25, 2018, 02:09:53 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Probably because bitcoins in Sri Lanka have been so rampant that it actually started to take a toll of the economy of the country. We can never blame Sri Lanka for the move, it's because they are just protecting the balance of the economy. Maybe in time, once bitcoins have stabilized or Sri Lanka has made innovations to accept bitcoins, they can open their doors again. Title: Re: Bitcoin banned in Sri Lanka Post by: resty on October 25, 2018, 03:18:55 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? That's normal of bank doesn't approved and totally ban of crypto currency because it is a number one obstruction of their digital business industry specially their financial income is stable. but the government of Sri lanka will not be mention here only the bank of CEYLON was ban of crypto currency. Title: Re: Bitcoin banned in Sri Lanka Post by: Serious Miner on October 25, 2018, 06:16:25 AM Sad to hear this pathetic news that central bank of Sri Lanka has banned bitcoin. Bitcoin is decentralized as we know and no government can allow something which cannot be their controlled and except this government might be afraid of using illegal transaction of money. In the meantime, the government won't get taxes from this, that's could be the reason for banning bitcoin in Sri Lanka.
Title: Re: Bitcoin banned in Sri Lanka Post by: cryptochi1986 on October 25, 2018, 05:58:04 PM As for my knowledge, CBSL has only made a public awareness of cryptocurrencies in general. I was not able to find any valid source where mentioning a BTC being banned. According to the CBSL announcement, it has warned the general public to be cautious in dealing with cryptocurrency and no guarantee is given on any investment made.
However, CBSL has taken a decision to restrict payments to forex trading and iq options. This along with the plan on reducing foreign currency outflow to stabilize the LKR against USD Title: Re: Bitcoin banned in Sri Lanka Post by: haidil on October 25, 2018, 06:16:39 PM banning bitcoin in a country is not a good decision, blocking bitcoin is makes the country is restricted for new technology from the outside. I think they are afraid that bitcoin will be used in negative terms such as for terrorists, but if their views are a little advanced, of course there will be many benefitsTitle: Re: Bitcoin banned in Sri Lanka Post by: Evil eye on October 25, 2018, 06:19:47 PM If really happen this, Obviously it is bad news for Sri Lankan crypto investor. This decision is take Lankan Main Bank so it is prohibited to sell and buy bitcoin and other cryptos. But we seen a news, where Central Bank of Sri Lanka just warn to people. I think they was not banned bitcoin in their country.
Title: Re: Bitcoin banned in Sri Lanka Post by: Sobocirevo on October 28, 2018, 01:20:25 PM banning bitcoin in a country is not a good decision, blocking bitcoin is makes the country is restricted for new technology from the outside. The more countries that prohibit bitcoin must be a reference for finding the cause, why many countries forbid it. There must be a solution that becomes an agreement, meaning that as a digital currency that is only one decade is certainly not perfect. But as technology, bitcoin has made very fundamental changes to the financial transaction system, especially the use of blockchain which is ultimately used by many companies outside bitcoin.Title: Re: Bitcoin banned in Sri Lanka Post by: rodneyDDS on October 28, 2018, 07:58:26 PM "On 15th August, Cargills Bank Limited, a notable commercial bank in Sri Lanka announced their collaboration with Ripple, a prominent payment provider. The partnership was decided upon to enable cross-border inward remittances to Sri Lanka using RippleNet. Cargills Bank has also decided to adopt xCurrent, Ripple’s enterprise software solution to ensure that cross-border transactions are safe and secure"
FWIW, XCurrent can utilize XRP. article below: Aug 2018 https://ambcrypto.com/ripple-collaborates-with-cargills-bank-a-promising-change-for-sri-lanka/ Title: Re: Bitcoin banned in Sri Lanka Post by: mekie on October 28, 2018, 08:29:02 PM I have looked for confirmation of a ban, and found nothing. But as others have pointed out and posted links to-the government has not banned bitcoin/crypto. What it has done is to issue a strong warning as to the risks and implications of crypto, such as "it's unregulated, peer to peer, no recourse if things go wrong, and the implications around AML, illegal activities , terrorist funding etc" so no ban, just the government responsibly pointing out the risks.
Title: Re: Bitcoin banned in Sri Lanka Post by: qwerty1337 on October 28, 2018, 08:31:06 PM banning bitcoin in a country is not a good decision, blocking bitcoin is makes the country is restricted for new technology from the outside. Most likely, this is done due to the fact that no apparatus has been created to regulate the sphere of cryptocurrencies, and the prohibition of Bitcoin on Sri Lanka is temporary. Title: Re: Bitcoin banned in Sri Lanka Post by: PlusOne88 on October 29, 2018, 03:19:51 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Surely this is a topic that needs to be resolved clearly as this creates a FUD. One word that can be destructive is enough to destroy many years of hardwork to let bitcoin live especially during this times of struggle for cryptocurrency. I would suggest to my fellow forum members to stay always on the positive side so as help bitcoin recover positively over time. Title: Re: Bitcoin banned in Sri Lanka Post by: denzkilim on October 29, 2018, 03:33:44 AM Are you sure that Sri Lanka's Bank of Ceylon banned bitcoin? I'm looking for an article that has this news but the results are poor. I think the OP doesn't understand well what does the public awareness means lol. This is one of their latest statement: April 16,2018. Public Awareness on Virtual Currencies in Sri Lanka (https://www.cbsl.gov.lk/en/news/public-awareness-on-virtual-currencies-in-sri-lanka) They are giving warning to their people but there's no ban. Take a look at it, I just quoted. Quote Public Awareness on Virtual Currencies in Sri Lanka If you take a look at it and read it carefully there is no word about banning or anything like that or similar to that, it's just a public awareness just like in our country crypto currencies are not legalized yet but the government doesn't prohibit the use and possession of crypto currencies such as Bitcoin and other altcoins and actually, they also allowed an exchange platform to operate in the country, this platform serves as a wallet, crypto to fiat exchange and payment system for bills such as internet bill and many more. :DThe Central Bank of Sri Lanka (CBSL) is aware of the growing interest in virtual currencies (VCs), both domestically and internationally. The term “virtual currencies” is commonly used to refer to digitally created representations of value that are issued by private developers and denominated in their own unit of account. Common examples of virtual currencies are cryptocurrencies such as Bitcoin, Litecoin and Ethereum. Virtual currencies are not central bank issued currency. Virtual currencies such as cryptocurrencies use decentralised peer-to-peer digital networks to authorize transactions. Due to the absence of a centralized authority such as a Central Bank to guarantee the value of the currency and regulate transactions, there is no recourse in the event of any user or transaction related issues or disputes. The value of virtual currencies is dependent on speculation and is not backed by an underlying asset or a regulatory framework. Due to this, virtual currencies may demonstrate major volatility. Similarly, there appears to be a high probability of virtual currencies being used in illegal activities. Further, though unintentional, their usage could amount to breaches of anti-money laundering and combating the financing of terrorism (AML/CFT) laws. Therefore, cryptocurrencies, in the present form, may pose significant risks in terms of financial, operational, legal, customer protection and security related risks to their users as well as to the economy. It is hereby notified to the public that CBSL has not given licence or authorization to any entity or company to operate schemes involving virtual currencies, including cryptocurrencies, and has not authorized any Initial Coin Offerings (ICOs). Published Date: Monday, April 16, 2018 Title: Re: Bitcoin banned in Sri Lanka Post by: Jasad on October 29, 2018, 05:47:00 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? the most logical reason for every country that prohibits no more than bubbles. especially in small countries like Sri Lanka. this is not surprising at all and will not even affect the decline of bitcoin even if this rumor is true Title: Re: Bitcoin banned in Sri Lanka Post by: Ar.harry on October 29, 2018, 06:13:16 AM Their government doesn't want that their people should grow. Because their commission will loss if their people invest in crypto because if people starts investing in crypto or bitcoin thrn their money will goes to bitcoin for the profit and the money is withdrawn from the bank. The banks will gain loss by withdrawal of money then the government makes the laws that nobody vould invest in crypto so that to gain profits from the banks. Unlucky peoples who cant be ablento invest in crypto for making money
Title: Re: Bitcoin banned in Sri Lanka Post by: GoldenBell on October 29, 2018, 07:43:55 AM Simply because the government wants to better control the bitcoin market, the government wants to ensure that their interests are not compromised by the excessive development of bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: elisabetheva on October 29, 2018, 10:55:25 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? all countries clearly have their own problems and look at their domestic situation, because it is clear not to be detrimental to economic development, but perhaps as a developing country requires to learn more details. Title: Re: Bitcoin banned in Sri Lanka Post by: prehisto on October 29, 2018, 11:41:16 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? What do you mean exactly, did they tell that they wont work with any company associated with crypto or there will be fines or something else? Can you give us a reference to any press release if there is any. Title: Re: Bitcoin banned in Sri Lanka Post by: mirawantirinjana on October 29, 2018, 12:48:43 PM Oh god that is not good. After India now in Sri Lanka also. Sad for cryptocurrencies it is unfortunate that Sri Lanka is the next country that has banned bitcoin, whatever the reason I am convinced that Sri Lanka aims to protect its citizens from the bitcoin price instabilityTitle: Re: Bitcoin banned in Sri Lanka Post by: Saisher on October 29, 2018, 01:40:22 PM Oh god that is not good. After India now in Sri Lanka also. Sad for cryptocurrencies it is unfortunate that Sri Lanka is the next country that has banned bitcoin, whatever the reason I am convinced that Sri Lanka aims to protect its citizens from the bitcoin price instabilityYes that is true but there are many sri lankan developer and involved in cryptocurrency just like their Indian counterpart, this is the only short term I'm sure when big countries adopt cryptocurrency they will follow, it's like a domino effect. Title: Re: Bitcoin banned in Sri Lanka Post by: SnapDown22 on October 29, 2018, 02:16:10 PM If it's true that bitcoin banned in Sri Lanka than it's not a good news as before listen that already banned in india and Bangladesh these type of steps putting him back must be both authorities have to be clear both sides confusion. I think Sri Lanka is lacking in technology at this time and I think bitcoin is not yet introduced and published so for me to ban sri lanka is normal, but if you miss the current technology don't blame the worldTitle: Re: Bitcoin banned in Sri Lanka Post by: ninabobo on October 29, 2018, 02:20:54 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? this is old news, and there is no influence at all for the market decline. the problem might be the instability of the value of the bitcoin price and the difficulty to set. or maybe another factor. I think Asian countries are not very supportive of crypto and bitcoin. Title: Re: Bitcoin banned in Sri Lanka Post by: pri3oner on October 29, 2018, 03:10:11 PM Where's the proof, huh? I "like" this type of news over here when we can talk to copypaste itself. Anyway, it's not gonna be good for em.
Title: Re: Bitcoin banned in Sri Lanka Post by: Susan Smith on October 29, 2018, 03:56:21 PM Where the development of bitcoin can threaten the interests of the government, there are usually measures to prevent it or where bitcoin is badly damaged by the bad guys, which is also the cause of the government. banning bitcoin activity
Title: Re: Bitcoin banned in Sri Lanka Post by: yourialfa on October 29, 2018, 05:12:58 PM If this is valid news then this will have a bad impact on bitcoin users on Sri Lanka. Because I think the bitcoin users there are quite scattered. So I think this will have a bad impact and will reduce the sense of public trust there as well as bitcoin. But this cannot be ascertained yet. What is clear is that I hope bitcoin doesn't falter because of that.
Title: Re: Bitcoin banned in Sri Lanka Post by: ninokh on October 30, 2018, 02:03:24 AM I think the reason for bitcoin banning in Sri Lanka is the same as some countries that have banned bitcoin. they prohibit cryptocurrency because crypto can be used for illegal activities such as money laundering and terrorist financing. all these activities violate the law because they don't use cryptocurrency. and I think that most developing countries are not ready to use cryptocurrency. Most of the people don't understand cryptocurrency.
Title: Re: Bitcoin banned in Sri Lanka Post by: CryptoGM on October 30, 2018, 07:33:38 AM Are we going to see countries with huge debt to western nations, neo-colonial organizations such as IMF, World bank issuing sanction threat to as such countries not to recognize bitcoin. However, I feel there is nothing such threats can do to stop this movement already on another gear. More, interesting perspective is bitcoin does not need government regulation anyway Grin
Title: Re: Bitcoin banned in Sri Lanka Post by: chidrawarster on October 30, 2018, 10:44:38 AM i dont understand why this being done .Many of the countries are already approving and regulating the crypto space , then why not them.We should wait and see what they would do after most of the countries would have approved and moved on to improve their economies.I hope some countries do not want their economies to move in an advanced way or may be they are still researching them.
Title: Re: Bitcoin banned in Sri Lanka Post by: Triwiyono on October 30, 2018, 10:56:29 AM actually I don't need to think about the reason why the bank in Sri Lanka banned bitcoin, because I'm not people of Sri Lanka.
but just guessing, the reason why bitcoin is banned, maybe because they are afraid that bitcoin can affect the economy in Sri Lanka Title: Re: Bitcoin banned in Sri Lanka Post by: andrei56 on October 30, 2018, 07:23:22 PM I really do not know much about Sri Lanka to know if bitcoin is that big in that country but for the rest of us the news is irrelevant, the countries with the most adoption of cryptocurrencies are those that are the most powerful and have the most money so if we lose a small country we do not have to worry because that is not going to affect bitcoin price.
Title: Re: Bitcoin banned in Sri Lanka Post by: abound on October 30, 2018, 07:35:03 PM if true but atleast haven't heard about police arresting people working on the field of cryptocurrency in there so those ban might be quite weak one. Government that don't have enough manforce to design and implement regulatory framework for cryptocurrency are just banning the whole bitcoin thing, they consider it as just a headache. While developed countries have already started producing blockchain developers and they already had patent registered for blockchain based product which they gonna sell to those same poor country who have banned blockchain based crypto right now. Grin Roll Eyes
Title: Re: Bitcoin banned in Sri Lanka Post by: nikola22 on October 30, 2018, 11:15:48 PM I think the reason for bitcoin banning in Sri Lanka is the same as some countries that have banned bitcoin. they prohibit cryptocurrency because crypto can be used for illegal activities such as money laundering and terrorist financing. all these activities violate the law because they don't use cryptocurrency. and I think that most developing countries are not ready to use cryptocurrency. Most of the people don't understand cryptocurrency. fiat is used for illegal activities much more often but governments don't ban fiat currency and bitcoin is the only guilty. Title: Re: Bitcoin banned in Sri Lanka Post by: jcarlo on October 31, 2018, 12:38:14 AM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? I think like others country that already banned bitcoin or cryptocurrency. They always said that bitcoin used for illegal activity like money laundering or criminal activity Title: Re: Bitcoin banned in Sri Lanka Post by: dvdrewritable on October 31, 2018, 06:32:28 PM Nothing happened to bitcoin for banning bitcoin in Sri Lanka. Because this a poor small nation even has no smart GDP including its people cannot adopt a decent amount of bitcoin. Bitcoin banned in Sri Lanka this will not show bad impact in the entire crypto nations. Only its limited crypto user will face trouble to use bitcoin.
Title: Re: Bitcoin banned in Sri Lanka Post by: Rana590 on October 31, 2018, 06:48:38 PM For the development of a country, crypto currency is more effective. Sri Lanka has banned bitcoin because the people of this country mind that the economic condition of the country will go down for the bitcoin. But they have use it for their country to make economic development much better.
Title: Re: Bitcoin banned in Sri Lanka Post by: maianh09 on October 31, 2018, 06:52:00 PM Last past months Sri Lanka's Main Bank (Bank of Ceylon) was banned cryptocurrencies in Sri Lanka. What do you think is the reason for that ? ??? Many countries have issued a ban on Bitcoin like Sri Lanka. The reason may be that there are too many investors involved in Cryptocurrency and many have tried to legitimize their assets with Bitcoin purchases so that could be the reason Sri Lanka issued the ban. |