India and Russia ban Bitcoin

[Faxmate]

Following many smaller countries that have recently banned Bitcoin, we are now into the end game.

India is banning Bitcoin : https://economictimes.indiatimes.com/markets/stocks/news/war-on-bitcoin-govt-panel-seeks-crackdown-on-crypto-currency-dealers-in-india/articleshow/61450361.cms

Russia is banning Bitcoin : https://www.cnbc.com/2017/10/10/russian-central-bank-plans-to-ban-websites-that-offer-bitcoins.html

Sorry to say that none of them make bitcoin banned because last week Indian court order to regulate bitcoin because they need bitcoin still in many part of India there is poverty and we know how bitcoin is efficient for them because bitcoin is playing a very big role in economy of many countries and it reduce unemployment from many countries so I think bitcoin is now need of every one and that’s why day by day countries are going to accept bitcoin.

[pat4cryptoreal]

It look as if the more some country try to ban bitcoin the more bitcoin is attracting more investors which directly leading to the rise in price of bitcoin.

[n691309]

Following many smaller countries that have recently banned Bitcoin, we are now into the end game.

India is banning Bitcoin : https://economictimes.indiatimes.com/markets/stocks/news/war-on-bitcoin-govt-panel-seeks-crackdown-on-crypto-currency-dealers-in-india/articleshow/61450361.cms

Russia is banning Bitcoin : https://www.cnbc.com/2017/10/10/russian-central-bank-plans-to-ban-websites-that-offer-bitcoins.html

It is not highly possible to suddenly ban bitcoins as bitcoins has now acquired a huge space in each learning platforms and most of the individuals have started their business in bitcoins. Government cannot suddenly ban bitcoins and even if the government tries to shut down all the major dealers in the cryptos, some will surely resist it as they might be holding some good amount of bitcoins and no one can have major loss for nothing.

Previously the same news were held but no output was sawn and the same is been predicted now. Bitcoins have a huge obstacles to compete with and even with the increasing price, the risk is nearly vanishing about bitcoins to be banned.

[MotulDiesel]

Not only India and Russia ban bitcoin but also many countries in Asia. The governments of those countries want to completely control the market and ban everything can affect their power and the benefit of their banks. However, i think bitcoin is unstoppable, still many people find the way to earning money from bitcoin, develop bitcoin world and introduce bitcoin advantages to other people. Nobody or government can hold the citizen.

[plpatel]

This is still only in news, there are no reports of solid steps taken for the ban of cryptocurrency. I had logged in my account in Koinex and it is still operative.
Before banning these crypto currencies, government have to consider investments done by the people in them. How would they dissolve the investment amount and in what way they will be returning of the investment amount?

[nagatraju]

I didn't even here the news about the ban...I heard that Russia is thinking about the construction of the bitcoin city - a city specializing in the mining of cryptocurrencies can be built in Siberia or the Far East...so it seems they are doing well with it)

[MJunioR]

Russia was kinda of expected but India should be more open with it.

[alexzorgo]

In Russia there is no obvious prohibition of cryptocurrencies at the legislative level. Some the websites adjacent to a subject of cryptocurrencies are blocked because of availability of other forbidden information: terrorism, schemes of leaving from payment of taxes, etc. But widely the topic of bitcoin isn't covered in local media. Nevertheless, the conferences and forums devoted to cryptocurrencies and ICO are regularly held. Generally the population is scooped by topical news from the Internet.

[tenkuna]

This is a big news, because India and Russia are two big countries in the world, if this is true then it will affect bitcoin prices in the near future.

[jhewlijw]

India accepting the bitcoin,because india is biggest country and many people earning the bitcoins.i don't know about the russia.

[Barbut]

It's no surprise governments wanna ban BTC, but BTC is unstoppable so far as people like it. If Russia ban websites retailing BTC, people will use tor browsers or find other ways of retailing it.

It`s not a surprise that some governments wish to ban BTC, but they can`t entirely forbid people to use it some way. News about India and Russia are circulating on this forum for months. Big countries with big markets with a lot of people involved needs to be regulated somehow, and they are doing something on that field. I think news are exaggerate everything about them, one month they will legalize it, other they will ban it. I think we don`t need to pay a lot of attention on what are they doing, if you are living in one of this countries and you wish to protect yourself and you bitcoins use some bitcoin mixer and hide your coins. Its better to be safe then sorry if anythings happen.

[maaydin]

Lets see what is their reason on banning it. I guess that they want to regulate it and take for themselves.If poor become rich it would give the most damage on these countries.

[coegbangetlah]

lately many country refuse bitcoin, like china but fact Bitcoin still going up and more strong

many country will make own cryptocurrency like BTC thats why they have self interest i think.

[johnwest]

Those are just rumors and there is no real statement to back these articles. I dont think any country can officially ban bitcoin or other cryptocurrencies. But they may hurt the value by demoralizing the investors.

[Beatcoin.it]

Its really hard ban cryptocurrency, maybe governments should banned before 300 bln market cap. Kinda too late, they slept a bit.

[pitiflin]

Following many smaller countries that have recently banned Bitcoin, we are now into the end game.

India is banning Bitcoin : https://economictimes.indiatimes.com/markets/stocks/news/war-on-bitcoin-govt-panel-seeks-crackdown-on-crypto-currency-dealers-in-india/articleshow/61450361.cms

Russia is banning Bitcoin : https://www.cnbc.com/2017/10/10/russian-central-bank-plans-to-ban-websites-that-offer-bitcoins.html

Anything is not yet confirmed, for Vladimir Putin's statements are contradicting each other, as one day he is in favor of bitcoin and the other day he is in favor of Russian currency and how he wants Russian crypto to destroy bitcoin. 
Talking about India ,well the government doesn't have much problem with bitcoin, they are just not happy with the fraudulent activities that some people in India are trying to do by fooling them. So they are taking necessary actions against it.

[rudox]

The ban is the out come of the committee set up by the government to advice her on the issue of cryptocurrency. The government will now study the report and know whether it will be implemented or not. We are waiting.

[shield132]

Well, maybe you'll ask why? Because in russia people don't need bitcoin for money laundering, are you ok with goverment? Launder money, you need to be big "player". Hope you all understand what I mean. Russia isn't USA, UK or etc. So with banning bitcoin, everyone won't be able to launder money or etc but still no idea, they are so great in this tasks, it won't affect anything, imagine there are so much and so big torrent websites in Russia. So I guess not a perfect attemp, just "official" note.

[audaciousbeing]

Following many smaller countries that have recently banned Bitcoin, we are now into the end game.

India is banning Bitcoin : https://economictimes.indiatimes.com/markets/stocks/news/war-on-bitcoin-govt-panel-seeks-crackdown-on-crypto-currency-dealers-in-india/articleshow/61450361.cms

Russia is banning Bitcoin : https://www.cnbc.com/2017/10/10/russian-central-bank-plans-to-ban-websites-that-offer-bitcoins.html

Times without number there have been news about banning here and there but unfortunately for them and fortunately for bitcoin, the effect is always ephemeral only for bitcoin to bounce back and become more solid in price more than the initial price it was before the purported ban in the first place.

What I see here is government trying to discourage to a large extent the people coming into bitcoin pending the time they were able to find a way to control bitcoin because they themselves know they cannot do anything about it at this moment only if they want to continue in deceiving themselves.

[marriams]

I doubt that Russia will do so, since there are some huge investments in mining. Investments done by high profile people.