5 countries that banned bitcoin

[bdfoysalhossain]

Bitcoin banned five countries -

1.Bolivia: In June 2014, the central bank of Bolivia officially banned any currency or currency which is not regulated by the government.The list of examples includes Bitcoin.

2.Bangladesh: The Bangladeshi central bank quotes the lack of central financial system as the reason for the ban of Bitcoin, which believes that people can be "financially damaged".

3.Nepal: Nepal government banned Bitcoin because he was not able to track his transactions

4.Morocco: Morocco prohibits Bitcoin referring to hidden payment systems that are not supported by any financial institution

5.Kyrgyzstan: In July 2014, the national bank of the Kyrgyz Republic, its crystal, makes it clear that Bitcoin is illegal or as a way to pay for digital currency payments.

[Ris88]

The world is so vast, even we do not know that very many countries out there, my country that has not yet legalized bitcoin to circulate widely, in my country still can not accept any bitcoin, what else to use as a means of payment, then there will be laws of government in our country, so it is very difficult if every country to accept bitcoin as a means of payment ..

[Epimetheus]

Countries can banned BTC/Cryptocurrency but they can't stop it. I believe there are still lot of people doing business in cryptocurrency even though the government banned those things.

Bitcoin is ban in many country due to some reason. Bitcoin ban in china, Ecuador, North Korea, Bangladesh, Israel  etc. At first Bitcoin ban in china. And at that time it makes big impact on Bitcoin price. China government ban it because it directly affect their own currency which ultimately affect their country economic growth value so their politicians put pressure on government to ban it. Ecuador, North Korea like country also because bitcoin put negative effect on their economy because it s user doesn't pay tax to their government. In country like Israel it is ban because bitcoin associated with many criminal activities. 

[cryp24x]

Some will accept it and some don't. That's their prerogative, they have all their reasons why they don't want Bitcoin. Bitcoin is good if we use it properly, it is a solution to most problems of many people that is why people really appreciate it. This is the reason why we need to help and spread the great news about Bitcoin and all the benefits we can get from it.

[Dimon8]

I think that the countries that have banned bitcoin are only slowing down in development. Civilized countries develop the crypto industry, introduce the study of crypto currencies in the secondary school curriculum, prepare laws regulating crypto currency, hold forums and conferences with reports.

[thevlox]

In many countries bitcoin is illegal but it does not mean to be proud of it. In many countries, strict rules have been issued against bitcoin.
1.Bangladesh
2.Bolivia
3.Ecuador
4.Kyrgyzstan
5.Nepal
If you use bitcoin in these countries, there is a great punishment.

[buhna]

I thought that it is some big and influential countries.  And this proves that Europe and America have large views on bitcoin and are not going to give up future profits and advantages...

[KingOfWinterfell01]

I know China banned bitcoins for a couple of reasons including power consumption and economic stability within the country. We can't blame them for taking necessary steps. They only did these things to prevent economic disasters brought upon by mass money laundering.

[Pakwan12]

The  five countries banned the bitcoin are Ecuador, Israel, Bolivia,  Nepal, Bangladesh  and there have othere  country more who banned Bitcoin.

[SplendidHunter]

Mine particular county is not having a real regulations or laws by now, I hope they will accept, not forbit the BTC and Alts.

[loismanny88]

Dictatorship countries will ban crypto because their governments want full control of their people. Thank God I live in a democratic country.

[First77]

Countries can banned BTC/Cryptocurrency but they can't stop it. I believe there are still lot of people doing business in cryptocurrency even though the government banned those things.

How can India be ignored for its actions on Bitcoin. India follows British banking system.

[lelangsabun]

They just not understand about it and they just going to save line because they still doesn't know how to regulated it or making a rule to keeping bitcoin in their track

[Lounadolcy]

Countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency.” Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology. Some countries like Canada and Australia are still deliberating on what to do about Bitcoin, legally. And the many others have already made their decision against digital currency as a whole, and bitcoin, in particular, so here we’ll list the ten places you’ll find the most trouble using bitcoin. Keep in mind not recognizing or supporting the use of bitcoin and banning bitcoin are two different things.

[george888055]

Thanks to heaven all those countries that banned bitcoin are of little consequence to the global cryptocurrency liquidity or global blockchain industry direction.

[cryptotalkbd]

The five countries that banned Bitakenai are:
Bolivia
Bangladesh
Nepal
Morocco
Ecuador

Money laundering, considering the high risk for investors, this country banned bitcoin.

[Dr.Nina]

There are around two hundred countries of the world. The mention five countries like

1.Bangladesh
2.Bolivia
3.Ecuador
4.Kyrgyzstan
5.Nepal

are not so important country of world politics. Though it bring negative impact to the people, I think it will over shortly. And near future many country will well come BTC for its importance. So, hope for the better.

[guppak]

just simple to me. The beginning of this thread was written in January.
I reply to this thread, this time, May.
4-month difference. surely you can observe if you observe, anything that happens during that time. I do not really find it difficult for such news, vilifying the other bitcoin and crypto. it is not a problem at all. because I think Bitcoin, in particular, is too strong to be undermined by the political stance of a particular country.
because I am a fool about crypto, I am just a user and not an expert, so I can only see the attitude of developed country governments in the world. advanced in its economy. not very interesting to observe the attitude of a weak economic country.

[ekalak manjeng]

according to an article I learned that forbids bitcoin ie
1.Nigeria
2.Taiwan
3.China
4.Colombia
5.Ecuador
The above five countries include countries that prohibit bitcoin and have different reasons.

[freshm4ker]

Some countries prohibit the existence of bitcoin is a tight state of government may want to be the highest point of all financial related exchanges that can create different costs and benefits for the economy. Another factor is the existence of the use of cryptographic money for misguided or false purposes.