Bitcoin is illegal in some country

[Lorence.xD]

Punishable in Morocco? What kind of punishment are we talking about? I wonder why they do not embrace it.

It says that Morocco, a North African country, being the newest ban happened last month November this year. Not only bitcoin but also other cryptocurrency were banned in that country for some reason. According to an existing law in their country, that kind of transaction that is virtual is a case of infringement and is liable to have penalties such as fines. Maybe these are the said punishments. The Morocco's Ministry of Finance declared this banning of bitcoin in their country.

[zais]

the use of the cryptocurrency is illegal in some countries and punishable special at MOROCCO (North Africa)

The fact that Bitcoin can be used anonymously for any transaction, wherever and whenever makes criminals interested in using it. That's why most of the country has not given certainty about the use of Bitcoin in the country. Some countries indirectly approve the use of Bitcoin but with some oversight.

[Glydel1999]

I think in most of the countries bitcoin is not illegal but yet they do not take any decision about bitcoin,  I am hopeful that very soon they are going to turn bitcoin as legal currency.

[yusupjatigumilar]

bitcoin in some countries is legend, because the government in the country does make a rule that regulates the transaction by using bitcoin which is prioritizing the profits for the country and does not interfere with the exchange rate of the country's currency

[BettingTips]

Yes it is. I think the number of country in this list is increasing because these government afraid about Bitcoin cause they can't control Bitcoin because of the out of date technology in there country. Beside they don't have enough ability to get taxes from Bitcoin income of Bitcoin users in their country so it'll be a good way to people to evade the taxes and it'll be a big loss for the government.

[Sean25pogi]

Yes I think bitcoin is illegal in some country but most of the countries bitcoin are always be acceptable to be used for any transaction. So I'm still hoping to bitcoin will be the next best legal currency in the whole world.

[rog1121]

Bitcoin is illegal in some countries, that's true. But I'm confused with the punishment that should be given to people using bitcoin in a country that forbids bitcoin. I think that a proper penalty for such a thing should not be more than a fine of money. Or even if you have to be in jail, do not take too long.

I do not know what causes bitcoin to be illegal in a country. but, I think it would be very harmful. well, bitcoin can provide a very good boost for each country that receives it. it is able to make people grow.

Yes , it is true that bitcoin is illegal in some countries like china has banned bitcoin recently. But I want to tell you that bitcoin has no affect if it will be banned by any country and we can see the example of china.

[valentine401]

The only reason for bitcoin to become illegal is if there is other people who are paying drugs or guns using bitcoins to avail those things online and it was a very bad position for bitcoins because this things are possible.