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Author Topic: 5 countries that banned bitcoin  (Read 2982 times)
youngmobi
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May 13, 2018, 09:22:00 PM
 #361

5 COUNTRYS THAT BANNED BITCOIN

  1BOLIVIA

 2CHINA

 3RUSSIA

 4SWEDEN

 5INDIA

 THESE ARE COUNTRYS THAT BANNED BITCOIN
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Nevkeke
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May 13, 2018, 09:38:24 PM
 #362

There is no country explaining that it supports the cryptocurrency. or the finance giants of these prohibited countries do not oppose this issue. ultimately banned countries have many bitcoin investors
Ismat Morshed
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May 13, 2018, 09:40:19 PM
 #363

Vietnam
Nepal
Makedonia
Rusia
Bangladesh
trutel
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May 13, 2018, 09:41:51 PM
 #364

Bitcoin is a digital currency that can be used as an investment. In addition to the countries attached above, there are also other countries that banned bitcoin. We can not know the sequel, because it is dynamic. Government regulations in each country may change at a time. Countries such as Bolivia, Nepal and Kyrgyzstan have logical reasons why they banned bitcoin. One of them is due to money laundering.
MacStone
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May 13, 2018, 09:59:42 PM
 #365

No one cares about the countries that banned it , because it is not important at all.

Tell me, has anything  changed once that X country banned bitcoin? of course not. The only one that was meant to be serious, was the Chinese ban, but it is quite old.


Urbinklin
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May 13, 2018, 10:10:07 PM
 #366

Never mind. Soon the authorities of these countries will realize that prohibit technologies that can improve the life of the country, raise the economy from its knees, to establish communication between States.

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May 13, 2018, 10:37:25 PM
 #367

Well, these are not the leading countries in the field of economy, technology and development. I am not surprised that they made such decisions with regard to cryptocurrencies.

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May 15, 2018, 06:13:20 AM
 #368

1. Nigeria, since 17 January 2017.
2. China, since January 8, 2017. Reason: will issue its own digital currency
3. Colombia, since 31 December 2016. Reason: worry of cryptocurrency fraud
4. Taiwan, since November 3, 2015. Reason: bitcoin hacking
5. Ecuador, since March 24, 2015. Reason: will issue its own currency.
 that's the list of 5 countries that ban bitcoin
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May 15, 2018, 09:18:11 AM
 #369

The money laundering that many countries mention when they are looking for reasons to ban the bitcoin is not the only one that bothers the government. I am sure it has more claims than just the one mentioned before.

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May 15, 2018, 09:24:47 AM
 #370

Never mind. Soon the authorities of these countries will realize that prohibit technologies that can improve the life of the country, raise the economy from its knees, to establish communication between States.
All return to the using of bitcoin over time, whether it will be more memorable on the positive side or vice versa. Technologies associated with bitcoin is indeed worthy if get good adoption, but if the government remains stubborn on certain concerns because of a large number of negative smelling activities., it's impossible if bitcoin will be well received until it is supported until it can advance the country.
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May 15, 2018, 09:30:58 AM
 #371

Vietnam
Columbia
Ecuador
Bangladesh
Kyrgyzstan
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May 15, 2018, 09:44:21 AM
 #372

There are countries in which Bitcoin and other digital currencies are supported by the government, as a way to attract finteha and other innovations to the country. In most countries, the regulation of citizens' relations with digital currencies is entrusted to the Central Banks, which are most often limited to issuing a warning about the riskiness of such transactions. And there are ten countries in which the digital currency turnover Bitcoin is officially banned. the latter category includes countries such as Bangladesh, Bolivia, Ecuador, India, Thailand and others.

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May 15, 2018, 09:57:53 AM
 #373

           Bitcoin was created by 2009 and have gained more popularity even though it had gained popularity it is considered illegal to some of the countries. In Morocco sending and receiving  digital currency is punishable by giving penalty. Same case is also in Bolivia there also it is illegal. In Ecuador also Bitcoin is not allowed since they have their own digital currency. China also has banned Bitcoin previous year ,Nepal also considers Bitcoin as illegal how ever the laws and regulations about Bitcoin will change.
samuraijin
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May 15, 2018, 10:03:09 AM
 #374

everyone has the right to hold their money in their wallets this is where bitcoin teaches the independence of someone to save their own money can even make a bank for someone else, so how can it be acted as a criminal even bitcoin it's just a tool and people who use bitcoin for crime activities is not a problem but if they only use for good things it is very regrettable if arrested

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jame suny
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May 15, 2018, 10:03:39 AM
 #375

Some countries have banned bitcoin because it is private and not regulated by any government. Many governments believe that it can be used for money laundering.
Counties that have banned bitcoin are:1.   Bolivia 2.   Ecuador 3.   Bangladesh 4.   Nepal 5.   Kyrgyzstan
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May 15, 2018, 10:36:50 AM
 #376

Because of fear, ignorance or protectionism, many governments tend to pass laws without understanding and to prohibit things that they consider to be a threat. And although they can not prohibit a blockage, they have every chance to prevent citizens from accessing this technology. as far as I know, these countries are Bangladesh, Bolivia, Ecuador, Kyrgyzstan and Nepal.
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May 16, 2018, 09:11:22 AM
 #377

The authorities definetly can have enough power to ban the bitcoin or even cryptocurrencies if they want but there is no way to ban it completely because people will still be trying to trade or invest secretly.

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May 16, 2018, 09:30:18 AM
 #378

Countries that banned bitcoins are mostly underdeveloped and rare people are concerned about this. Developed countries like the US, Japan, ... all use bitcoin as a completely new tool. They use bitcoin to pay for services and business or investment like forex market before. Bitcoin was born to help the cryptocurrency market grow. And I think the future of banned bitcoins will soon be using bitcoins in the near future to integrate and grow.

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May 16, 2018, 10:05:34 AM
 #379

The authorities definetly can have enough power to ban the bitcoin or even cryptocurrencies if they want but there is no way to ban it completely because people will still be trying to trade or invest secretly.
I think those five countries who banned bitcoin cannot prevent people from using it.Bitcoin is completely anonymous when used.Countries with closed minded will indeed do that but definitely if you are open minded they will grab bitcoin to operate in their places.
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May 16, 2018, 10:06:15 AM
 #380

Here are 5 countries that prohibited bitcoin:
1.Iceland.
2.Bangladesh.
3.China.
4.Vietnam
5.Equador
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