How bitcoin success the most in banned countries ?

[Curious8]

Such as Russia and China that banned Bitcoin?

[HabBear]

I don't think Bitcoin is banned in either of these countries. But if either country did ban Bitcoin, it wouldn't stop people in that country from owning bitcoin, it would only limit people's ability to convert bitcoin into their currency (in Russia or China) or deposit bitcoin into their currency through their domestic banks.

[Curious8]

I don't think Bitcoin is banned in either of these countries. But if either country did ban Bitcoin, it wouldn't stop people in that country from owning bitcoin, it would only limit people's ability to convert bitcoin into their currency (in Russia or China) or deposit bitcoin into their currency through their domestic banks.

I don"t agree. When countries ban bitcoin , botcoin"s rate goes down.
When bitcoin goes down less people use it.

[Amph]

it's not banned in china "Trading or mining in bitcoin is not illegal for common citizens."

https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/

[franky1]

as Amph said

normal everyday people CAN and DO trade bitcoins.. but its the central banks that CANNOT THEMSELVES use bitcoin as a financial product for their internal investments. which is logical and i think the correct thing for governments to do. as we dont want banks hoarding all the coins..

[gentlemand]

Bans are unsexy. It's far more PC and a lot easier to simply strangle fiat gateways or lumber them with onerous regulation.

[purebitco]

i think its because of the fact that its more interesting to use it when its banned

[pereira4]

Putin has been saying that he would put people involved in cryptocurriencies in jail:

http://cointelegraph.com/news/115472/russias-minfin-wants-to-jail-bitcoin-users-for-4-years

Of course it's not working since the russian users are only growing ass seen in exchange volume.

[calkob]

Such as Russia and China that banned Bitcoin?

Because it is human nature to rebal against tyranny, yes the dictator my win in the short term, but long term liberty will reign.......... 

[Zaun]

I am not sure Russia banned bitcoin banned it. They do not condone it right?
With china the same.

Remember governements can try to keep the people small, but eventually the people will revolt. History has proven this.

[franky1]

Putin has been saying that he would put people involved in cryptocurriencies in jail:

http://cointelegraph.com/news/115472/russias-minfin-wants-to-jail-bitcoin-users-for-4-years

Of course it's not working since the russian users are only growing ass seen in exchange volume.

Noooooo..
coin telegraph said that.. not putin..

this is what putin said
http://ria.ru/economy/20150714/1128390254.html

"They are no secured, the money, that's the whole point, is the main problem. They are nowhere really not tied and did not provided. But on the whole, as a unit of calculation as they're called," coin "them You can use it, they are more and more widely spread. As any equivalent in some segments of calculation, probably, probably, "- Putin said at a youth forum" The area on the Klyazma senses. "

Putin said at a forum by Vladimir examined the development of IT-specialists
According to Putin, this issue was discussed with the chairman of the Bank of Russia. "I know the position of our central bank, it is very reasonable, professional, quiet. We did not reject, but there are real serious fundamental problems with extensive use, in any case, today," - said the head of the Russian state.
CB Chairman Elvira Nabiullina in June 2015 stated that the Bank of Russia understands attractive side Bitcoins for consumers, but sees risks of their use, so it will closely monitor the market and, if necessary cryptocurrency regulate it.

in short
its an uninsured risky investment (standard financial advice), which they will monitor and evaluate if it needs regulations.

no where did they say bitcoin was banned for citizens. rumours in 2014 to a law to ban it were not for citizens but for banks internal investment.

sometimes its worth not quoting a secondrate media, and try looking for the source, because cointelegraph really failed this time

[countryfree]

Let's forget about the examples given. A country probably can ban BTC, which would kill all legit use, such as paying your plumber with BTC, but that wouldn't kill BTC. It would only restrict its use to illegal uses, which may include financing terrorists which would overthrow the fascist government which banned BTC.

I think it's not wise to ban BTC.

[franky1]

Let's forget about the examples given. A country probably can ban BTC, which would kill all legit use, such as paying your plumber with BTC, but that wouldn't kill BTC. It would only restrict its use to illegal uses, which may include financing terrorists which would overthrow the fascist government which banned BTC.

I think it's not wise to ban BTC.

they cant ban it..

they tried to ban alcohol in the 19th century (prohibition era).. that didnt work out well as people were still getting drunk

[Miiike]

regardless it is completely banned, illegalized or something like that, its still proven ineffective since russian and chinese still know (or at least, aware) of the existence of bitcoin. But to answer your question, it is simply because the truth is citizens are stronger than government.

[yenxz]

Such as Russia and China that banned Bitcoin?

Its hard to imagine if china and russia ban bitcoin,they are biggest country, they are have big population,and if bitcoin really ban from them,i think bitcoin will lost their adopter,so much..

[Blawpaw]

It is kinda like of when something is forbidden is usually what people wants the most!

[~Bitcoin~]

it's not banned in china "Trading or mining in bitcoin is not illegal for common citizens."

https://www.cryptocoinsnews.com/top-10-countries-bitcoin-banned/

It list chine india and russia but there are exchangers in india and in china for bitcoin. Large number of transaction are being made by chinese exchangers how this can be true if bitcoin is banned there.

[lumeire]

regardless it is completely banned, illegalized or something like that, its still proven ineffective since russian and chinese still know (or at least, aware) of the existence of bitcoin. But to answer your question, it is simply because the truth is citizens are stronger than government.

As far as I remember it was Russia who had the highest amount of transactions on LocalBitcoins - and China, as we all know, is a giant in the bitcoin space.

So yeah, BTCBTCBTC will live on regardless.

[HabBear]

I don't think Bitcoin is banned in either of these countries. But if either country did ban Bitcoin, it wouldn't stop people in that country from owning bitcoin, it would only limit people's ability to convert bitcoin into their currency (in Russia or China) or deposit bitcoin into their currency through their domestic banks.

I don"t agree. When countries ban bitcoin , botcoin"s rate goes down.
When bitcoin goes down less people use it.

How does bitcoin's value (you call it rate) go down if a country bans it? People can still use it, so the demand wouldn't be impacted much.

[EdenHazard]

Such as Russia and China that banned Bitcoin?

same as in other countries that prohibit bitcoin as a means of payment or as a payment alternative, if Russia and China prohibit bitcoin, I think the community and users bitcoin will not disappear completely, they will only reduce the use bitcoin, because they love and need of bitcoin ,