Bitcoin Forum

..Will it happen?

http://bitforum.info/t/will-hong-kong-ban-bitcoin-for-mycoin-incident/269/1

Hong Kong was potentially the best place in Asia to start the Bitcoin revolution.
Unfortunately, the MyCoin incident will not help.

Will Bitcoin be banned in Hong-Kong?

stop the FUD.

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MyCoin is 'classic Ponzi scheme' but bitcoin shouldn't be blamed

"There has undoubtedly been confusion in the media amongst the public about the scheme," Arthur told IBTimes UK. "Bitcoin trading was just used as a front for the scheme, when in reality bitcoins were never traded - the investors never held bitcoins or any other investments at all.

http://www.ibtimes.co.uk/mycoin-classic-ponzi-scheme-bitcoin-shouldnt-be-blamed-lawyers-say-1487740

A scam happening in fiat does not get fiat banned. its true that bitcoin allows such scams possible, but people should be careful while investing. Its not the currencies fault.

You'd think with the citizens ease to violent protests for a democracy their government would stay off such a topic....

If you ask me, bitcoin is the real victim over here.

I agree with u mate...It is not the fault of the currency..It is the fault of ppl who fell for it..

NO ，bitcoin is not banned by HK gov . HK is a free financial center only with slightly regulation .  :-\

What is happening in Asia cryptocurrency?
Bter was also hacked!

Mycoin, Bter, KipCoin... Now what's next?

Speaking out against the glorious government of China is also banned in HK. So?

I don't even think anyone has mentioned a potential ban yet

Violent protest? Not exactly accurate reporting there, Walter Kronkite (http://www.bbc.com/news/world-asia-china-29423147).

Around here China bans bitcoin every week.

Banned not banned these countrys are like females just need to make up their mind, i do not think it even matters what they say they can never truly ban it can they their will be a decentralized exchange before long and if someone wants to use/trade btc then they will.

Long live the BTC

Wait, did we just start Mad Men roleplay, or are you a sexist asshole? Don't answer that, just remain silent and hold your head in shame.

By following this logic, fiat should have been banned a long time ago, among other things.

Hong kong was saying this around the same time last month  ;D

I agree they need to make up their mind shame others do not see that.

It matters not either way to me and my way of life.

Has it really been banned in Hong Kong? But using bitcoins isn't illegal unless all are using it for money laundering and gambling. Bitcoin is much more secure than other currencies.

It shall not be banned , there are always frauds and scams , no matter the currency, banning BTC for that ,is total useless


No it has not been banned

If it hasn't already, it probably won't. Given the current regulatory climate there, there is no reason why it would be banned. It has the information given on the blockchain and it is not really anonymous, so that would not be likely.

They've been treatning with bans since the begining and nothing happens.

Everything is a go in Hong-Kong! It just has to be done the Hong-Kong way!

Don't you  just love the disconnect in logic?

Just like spoons should be banned because they help drug dealers create drugs or brief cases need to be banned because sometimes they are used to transport drugs and other illegal susbstances.

 :D

you should not expect any logic from politician. They're using all tactics to get votes .... from sheep.

Its like a broken tape allready, i agree. If you want to ban something, just go ahead and ban it allready, and stop with the maybe yes maybe not, its giving me a headache.
I doubt theyre going to ban bitcoin, but i definetly think that there will be some more strict rules in how exchanges and other bitcoin related bussineses can act when dealing with it, and thats a good thing.
cheers

I wouldn't worry too much about a Hong Kong ban ..

As long as authorities will act quick on both the criminals and the customers, bitcoin in Hong Kong will be ok.

How can they ban Bitcoin , If they want , they must ban fiat , Fiat causes much more troubles

there are multiple scam with cash and bank investment , so will they ban cash/fiat?
i don't thinks its a valid reason to block bitcoin

It would have a boomerang effect.. ban something and people become curious about it.

They could be really vague about it, not mentioning the name but rather targeting some sort of key functionality or just naming it as "virtual currency". Though it would still attract at least a bit of attention from those that actually decide to google the matter so guess that's true to some extent.

True, you can't expect logic from politicians any more than you can expect it from women.  It will be up to masculine people to keep Bitcoin going, and we can't allow people to shame us into submission with their petty insults.

Are they going to ban cars too because bad drivers run people over with cars? This principle can apply everywhere. Bitcoin is NOT designed to be used in any ponzi/pyramid scheme. Hell you could pyramid scheme with lollies, clothes, jewels, anything you like. Bitcoin was just the selected commodity this time round.

Although they are not ignoring the issues involving bitcoin, Hong Kong will not be banning bitcoin.

There are short-term and long-term possibilities.

Short-term they could say yes or no - the decision will be localized to their opinions and thoughts without much outside pressure.

Long-term, depending on the success of bitcoin, they might find more pressure against them to move with the crowd.

Sorry if that didn't answer your question, was just trying to relay some perspective.

I agree with you but unfortunately people in power, authorities, don't use this logic.
They act thinking what decision will please most their supporters, people around them, business groups which support their political campaigns...
I don't see good outcome for BTC here.
 

Wasn't the bitcoin also banned in the entire China ?
Then how do they allow mining sites to still function ?

not only that thay manufacctur chips rigs