Why in some countries Bitcoin is banned

[Scream]

Russia is planing to make a law that will prosecute everyone that is doing bitcoin transaction on Rusia

In my country Bitcoin isn't banned nor legalized
That mean you can use bitcoin for transaction but if you got scammed by it you can't ask government helps
[/quote]
thank's for your reply friend, wow rusia will do it ?
it's like at my country not legalized

In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least.

yess we know chinese is biggest market for bitcoin also biggest comunity in the world
and im sure chinese goverment never plan to do it 

[ranochigo]

In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least.

yess we know chinese is biggest market for bitcoin also biggest comunity in the world
and im sure chinese goverment never plan to do it 

Unfortunately, bitcointalk.org is blocked there. Check here: http://www.greatfirewallofchina.org/index.php?siteurl=bitcointalk.org. I can't access it there last year too.

They don't block the exchanges though.

[Scream]

In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least.

yess we know chinese is biggest market for bitcoin also biggest comunity in the world
and im sure chinese goverment never plan to do it 

Unfortunately, bitcointalk.org is blocked there. Check here: http://www.greatfirewallofchina.org/index.php?siteurl=bitcointalk.org. I can't access it there last year too.

They don't block the exchanges though.

im confused with chinese why bitcointalk.org blocked ? but bitcoin.com and new forum of it can acces

try it
http://www.greatfirewallofchina.org/index.php?siteurl=bitcoin.com
http://www.greatfirewallofchina.org/index.php?siteurl=forum.bitcoin.com

[Possum577]

So based on all the comments thus far, no country actually has banned Bitcoin.

So I did some research and found a Wikipedia page on the topic: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

The countries (that I found) that consider some element of Bitcoin illegal are:

• Ecuador - issued a ban on bitcoin
• Thailand - declared bitcoin illegal, but some businesses have been able to get licenses to deal in it
• Vietnam - It's illegal to trade bitcoin in this country

Most countries have declared they don't have plans to regulate it or they don't see it as currency so it doesn't qualify under currency laws. The latter is perfect - don't consider it currency, stay out of our way!

[Kakmakr]

You could live in a country where Bitcoin is banned, but you might plan a vacation in another country, where Bitcoin is not banned. So you earn Bitcoin online and then visit another country and have a lovely vacation on Bitcoin. Bitcoin is border-less and you can take as much as you like. Enjoy your holiday. ^Hmf^

[yenxz]

some country afraid about bitcoin uncontrolled and decentralized..

[n2004al]

Why in some countries Bitcoin is banned is the accepting of Bitcoin by  websites and that are illegal .

It is very simple to understand. In the countries when bitcoin is banned, mostly is made because the Authorities have fear from it. Bitcoin can be a risk for the economy of one country. He must replace the national currency of one country and put in risk, in this way, the overall economy of that country. The national money will be no longer more used or used very few. This mean that the most of national money will be out of the national economic system and the national financial ones. The people will use bitcoin instead of the national money. If regulated and legalized mean that that country will have mostly in use a money out of its control. Bitcoin is decentralized and no owned by no one. And cannot be centralized and owned by someone. No possibility to manage such kind of money. Then needed big amounts to send ahead and manage the economy. Needed to be bought but there are not never enough. Leave apart in this case the increase of its price as a consequence of the new big demand come from one country.

All this situation have only one end: crisis.

Normally bitcoin is banned by wreaks or in risk economies and regulated by the strong ones. Like has made Russia which has banned it and USA which has regulated it.

[Blue_Tiger73]

Every countries governments has the right to ban Bitcoin, they are allowed to do what they want, they are the government. I guess some of the governments don't really like the idea of Bitcoin so they just ban it, and they have every right to. People have their own opinions about Bitcoin, most people like it and others don't.

[LiteCoinGuy]

[CoinsRoyal]

I think it's banned in some countries because the government can't have any control over it like they do with banks

It's just a guess don't know for sure

[disclaimer201]

In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least.

yess we know chinese is biggest market for bitcoin also biggest comunity in the world
and im sure chinese goverment never plan to do it  

Unfortunately, bitcointalk.org is blocked there. Check here: http://www.greatfirewallofchina.org/index.php?siteurl=bitcointalk.org. I can't access it there last year too.

They don't block the exchanges though.

im confused with chinese why bitcointalk.org blocked ? but bitcoin.com and new forum of it can acces

try it
http://www.greatfirewallofchina.org/index.php?siteurl=bitcoin.com
http://www.greatfirewallofchina.org/index.php?siteurl=forum.bitcoin.com

You are asking why China bans bitcointalk.org? Very simple, anyone can exchange ideas freely on here. They fear freedom of information more than anything because they do not trust their own population. They are total control freaks worried their one billion people will run amok if they find out every person in this world has a right to be a free individual making up their own mind about society, world events and their existence.

You could talk about revolutions, censorship, critizise authoritarian (totalitarian) governments and even conspire against them. A marketplace of ideas is most likely perceived to be the biggest threat, much greater than Bitcoin ever will be.

[Mickeyb]

The answer is quite simple. Some countries are run by clueless bunch of idiots that don't see any further in the future than their nose. Because of this, they will be run over by the progress, by the technology and everything that this technology has to offer, and it has a lot to offer, that's a sure thing!

[mayax]

Because the financial institutions are regulated. A regulated institution like a payment processor/bank must be able to trace the money they get according to AML.
If all the BTC exchange companies would be regulated, then BTC value would be like zero. Why? Take a look to Coinbase. They are(or trying) tracing your Bitcoin funds back to source. They require a lot of papers. Why? Because the law requires these things and Coinbase being regulated, they must comply with that. They must do due diligence, AML, KYC etc. They must be sure that the money they get are "clean".

Imagine that all the exchange companies will do the same. There will be almost no black market, no ponzi schemes, so NO Bitcoin. Because the Bitcoin is backed 90% by these ones.

That's why many countries banned Bitcoin.It is not regulated, the exchangers are not financial licensed and more than that, it's tied to illegal activities (over 90%).

[faridkifly]

what?what country is that?
in my country bitcoin is legal but has not been uncommon for use and not many people know bitcoin

[sartorpc]

Really insightfull picture, im going to show this to my friends, but what is the meaning of unknown? they dont permit or say it is illegal at all, just like a legal void?

[gkv9]

The countries considering illegality of Bitcoins are just wasting their time and losing opportunity on the world's biggest revolution ever created before...
No matter whether they allow it or not, everyone's going to use it at any cost, because it is legal in our hearts...
Love ya Bitcoins...

[harizen]

Some countries banned bitcoin because of its bad image and use in dark usage and secondly people from that country preferred fiat over virtual currency.

No worries, if most of the countries will truly accepts bitcoin and become worldwide usage, those countries that banned bitcoin will do the same too.

[Bitcoinpro]

In China, the great firewall blocks bitcointalk and presumably Bitcoin nodes. It is easy for them as they have the firewall in place already. It is impossible to block it completely but it can cause some inconvenience at the least.

yess we know chinese is biggest market for bitcoin also biggest comunity in the world
and im sure chinese goverment never plan to do it 

Unfortunately, bitcointalk.org is blocked there. Check here: http://www.greatfirewallofchina.org/index.php?siteurl=bitcointalk.org. I can't access it there last year too.

They don't block the exchanges though.

im confused with chinese why bitcointalk.org blocked ? but bitcoin.com and new forum of it can acces

try it
http://www.greatfirewallofchina.org/index.php?siteurl=bitcoin.com
http://www.greatfirewallofchina.org/index.php?siteurl=forum.bitcoin.com

Well the Australian Bitcoin Group clearly states it is operating mining hardware in China, this is clearly turning into a raquet i will be requesting that the ASIC blocks the December IPO if this mining equipment isnt moved out of China

[BTCBinary]

Because those countries are trying to disable a currency that has the potential to drive the wealth produced in the country to overseas. Besides this, governments want to have capital control over people's money

[bitcoin-hunter]

Per example you can buy illegal stuff.

That is why is banned for some countries.