Bitcoin Forum
April 11, 2021, 01:07:10 PM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Where are cryptocurrencies banned?  (Read 61 times)
Pecunia non olet
Full Member
***
Offline Offline

Activity: 882
Merit: 102


PayAccept - Worldwide payments accepted in seconds


View Profile
June 24, 2018, 02:08:41 PM
 #1

Hello, I would like to know where are not cryptocurrencies allowed at all? And where only ICOs/bounties are forbidden?
I have heard that China and USA banned atleast ICOs right? And what about others?

Thank you for your comments!

1618146430
Hero Member
*
Offline Offline

Posts: 1618146430

View Profile Personal Message (Offline)

Ignore
1618146430
Reply with quote  #2

1618146430
Report to moderator
1618146430
Hero Member
*
Offline Offline

Posts: 1618146430

View Profile Personal Message (Offline)

Ignore
1618146430
Reply with quote  #2

1618146430
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
siddartha1492
Sr. Member
****
Offline Offline

Activity: 938
Merit: 284


In love with Bitcoin!! 💓💕


View Profile WWW
June 24, 2018, 02:28:13 PM
 #2

I think most countries put cryptos in gray area, that is neither they are legal nor illegal. And where cryptos are totally illegal? The answer is simply no where. You can't ban cryptos, you can just ban the exchange sites in your country. People can still buy and sell cryptos through other methods and most importantly Govt. can't track such transactions, especially privacy focused coin transactions. So that's why most countries have left the situation as it is or researching to take further actions. China has banned crypto trading, but again, not the cryptos. And USA has not banned ICOs, they are just very strict. If an ICO doesn't follow SEC rules, then only they ban it.

restumaulana
Full Member
***
Offline Offline

Activity: 476
Merit: 100



View Profile
June 24, 2018, 02:29:42 PM
 #3

because they have not been able to meet sec demands in terms of security and privacy, as well as the amount of funds investors are exposed to hack attacks proved they are still weak in providing a secure platform and services

IgorShumilo
Full Member
***
Offline Offline

Activity: 518
Merit: 105



View Profile
June 24, 2018, 02:34:55 PM
 #4

Very soon a big 20 summit will be held, where one of the issues will be devoted to crypto-currencies. I think that nothing important is important there, now in the world there are things more important than crypto-currencies, but I very much hope Japan and South Korea will say a lot of positive from the introduction of crypto currency in their states.
prockopenckoal
Newbie
*
Offline Offline

Activity: 54
Merit: 0


View Profile
June 24, 2018, 02:38:26 PM
 #5

There are countries where cryptocurrencies are banned,but these are absolutely unimportant countries for the whole world,with very old and stupid views of the world.Assume that the cryptocurrency almost anywhere not prohibited.
TheBiochemist
Jr. Member
*
Offline Offline

Activity: 131
Merit: 1

Vi veri veniversum vivus vici


View Profile WWW
June 24, 2018, 02:42:41 PM
 #6

Algeria, Ecuador, Banglades, Cambodia and Bolivia has prohobited cryptos, there are many zones with partial regulations to and some where banks cant use it, like Iran and Canada!

The total economical power of these contries are very small, so overall cryptos are allowed as a payment method.

ICO´s have different rules but that is not to interesting, since you can just launch the ICO from which ever country you like and it wont affect adaption as much as prohibiting use of crypto for payments..

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

There is also many contries that is black listed from big exchanges. Bithumb for example recently banned the following countries for complying with new anti money laundering and terror FUD!
Bosnia and Herzegovina, Ethiopia, Iran ,Iraq, North Korea, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen

Not the biggest contributors to the world economy either Smiley

https://deeponion.org/community/
OWN DeepOnion ⚡ Anonymous & Untraceable Cryptocurrency
⚡ Join DeepOnion Team NOW! ⚡
Pecunia non olet
Full Member
***
Offline Offline

Activity: 882
Merit: 102


PayAccept - Worldwide payments accepted in seconds


View Profile
June 24, 2018, 04:14:24 PM
 #7

Very interesting ideas, so I would like to keep this thread up. I hope other members here are also interested in this topic.


Algeria, Ecuador, Banglades, Cambodia and Bolivia has prohobited cryptos, there are many zones with partial regulations to and some where banks cant use it, like Iran and Canada!

The total economical power of these contries are very small, so overall cryptos are allowed as a payment method.

ICO´s have different rules but that is not to interesting, since you can just launch the ICO from which ever country you like and it wont affect adaption as much as prohibiting use of crypto for payments..

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

There is also many contries that is black listed from big exchanges. Bithumb for example recently banned the following countries for complying with new anti money laundering and terror FUD!
Bosnia and Herzegovina, Ethiopia, Iran ,Iraq, North Korea, Sri Lanka, Syria, Trinidad and Tobago, Tunisia, Vanuatu, Yemen

Not the biggest contributors to the world economy either Smiley
Many of these countries are to small and their economic is insignificant.
But why these countries banned? Do you know it?

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!