How bitcoin success the most in banned countries ?

[langedwig]

Such as Russia and China that banned Bitcoin?

It is banned but it is so anonymous that ban doesnt matter anything.
People in such countries can use bitcoin if the wish and no one can know because its fully anonymous

[franky1]

Such as Russia and China that banned Bitcoin?

It is banned but it is so anonymous that ban doesnt matter anything.
People in such countries can use bitcoin if the wish and no one can know because its fully anonymous

its not banned

[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/

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.

read again , it's partially banned, it restricted to only bank, you can trade in any exchange

and mining operation is also legal, the same for iceland

[Kevin77]

Such as Russia and China that banned Bitcoin?

It is banned but it is so anonymous that ban doesnt matter anything.
People in such countries can use bitcoin if the wish and no one can know because its fully anonymous

I have heard  that bitcoin is banned in some countries such as china but still it turns out to be most successful there because as said above, it is easy to keep BTC trading a secret and also users generally tend to convert it into local currency to withdraw them using different sites , so dealing in btc becomes an easy task.

[Kprawn]

How do you ban Bitcoin? If they break down your door and enter you residence and find no Bitcoin address and private key... what did they accomplish? You can hide that

information in a encrypted document online and nobody will know. You can run a business online and have funds deposited into that address and nobody can stop you. They

can only stop you from "using" Bitcoin at physical merchant outlets and some services and block accounts linked to exchanges and banks. You can collect Bitcoin and go to a

country that accepts it, and nobody can stop you. You can also send it to a friend in another country and they can send you a MoneyGram in return {minus the fees} ..if you

are really desperate for the fiat. Bitcoin gives you a border less freedom to do what you like with your money. You worked for it... you own it. Pay your taxes and you will

be fine. 

[wadii33]

countrys ban bitcoin dosen't mean anything people will just buy and trade in secret so banning bitcoin is just to make it less known in the country cause people who already use won't stop using it because their goverment sad so

[Nameless Coin]

The moment bitcoin is banned, by making using punishable people will find other ways to use. The thing with governements trying to educate their people is they become hated.
And a dark market will arise.

That's the reason why Silk Road happened f.e.

[Blue_Tiger73]

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/

Exactly. China is one of the key factors in the price of bitcoin. If Chinese people didn't use bitcoin,the price of bitcoin would be much lower than what it is now .

[Jet Cash]

If a country banned Bitcoin for internal purchases, people would just buy abroad and import the goods. That would weaken the balance of payments for the country. It would be far better to encourage the use of Bitcoin to sell locally manufactured goods abroad.