5 countries that banned bitcoin

[dubinsky]

What about China, Rusia and India? Is not They are also banning bitcoin? Am I less uptodate about this news? Currently the government in my country has been telling people not to invest in bitcoin, which means the government is likely to be more assertive against the ban and the rules on it will be more assertive

[paul gatt]

Countries that banned bitcoins are:
1. China.
2. India.
3. Ecuador.
4. Korea.
5. Venezuela.
These governments banned bitcoins. They want to develop the national currency.

[BigBos]

THIS ARE COUNTRIES THAT HAVE BANNED BITCOIN

1Thailand

2Taiwan

3china

3Russia

4Germany

Russia? Nothing is banned. We wait for the law which will be approximately in the summer. But really  I don't wait for the good news.

Is that okay? I only know that china that only bitcoin banned, it turns out there are some countries that also do it. maybe the system they have is against the bitcoin, or they see a defect in the bitcoin system so it's banned.

[joebrook]

Not only is this total sensationalism; those countries are irrelevant anyway! They probably don't even have the infrastructure to actually enforce it.

Actually true but even if they ban the bitcoins their citizens can still use especially when they are making purchases outside the country. They will have to restrict access to the internet if they want to enforce that ban and am sure they wouldn't dare do that.

[masterchief001]

Many countries believe that bitcoin is a threat to the country. So governments banned bitcoins. Currently the countries banned bitcoin are:
1. Russia.
2. India.
3. Bolivia.
4. Philippines.
5. China.

[Nachoo]

Banning is always the worst thing to do, more in those countries that need to grow a strong economy. Cryptos can help a country in huge debt, especially when there are civil war inside them. Those governments can't realise what they're losing?

[jeamfpvd]

These are small countries. I think this kind of special small ban will not have any effect on bitcoin. We should see more big countries now releasing positive signals. Tomorrow is the New York block chain summit. I can anticipate that the development of this industry will be accelerated.

[Snaic]

All of those 5 countries look like poor countries and I don't think they have many influences on bitcoin neither on its popularity or its price. A very few people from those countries actually use cryptocurrencies and that's why I say that. Also, I don't think this ban will actually stop people from using cryptocurrencies. Maybe they can't use bitcoin in national shops but they surely can use cryptos for international payments since governments can't check those transactions.

It would be interesting to know just how strong the prohibitions are in these five countries and whether these prohibitions are circumvented by citizens. This is very important, because we need to know whether these prohibitions have success, or they are only formal and the state does not have the opportunity to control them. I think that other states now, before issuing such prohibitions, will review the experience of such countries and ultimately decide whether to impose such prohibitions in their state, or not.

[rokergila01]

1. Aljazair
2. Bangladesh
3. Bolivia
4. China
5. Ekuador

[nanda1280]

1.India
2.Vietnam
3.Nepal
4.Makedonia
5.Rusia

[nitrinto]

these countries have banned bitcoin because they fear the growth of crime.but many other countries on the contrary support the cryptocurrency.

[cryptocurrencyguru]

5 countries that banned bitcoin are mostly asian country nepal and bangaldesh they have strict rules for bitcoin trading mining and any crypto related activity is banned strictly

[Cash BTC]

As a ban on alcohol or the Internet, the ban on bitcoins seems meaningless and even impossible. Nevertheless, five countries succeeded in actually prohibiting the crypto currency - these are Bangladesh, Bolivia, Ecuador, Kyrgyzstan and Nepal

[Underlord]

It is now also quite a country that ban bitcoin because it could have disrupt the financial or economic in the country. The country that bans the bitcoin I'm sure because it does not want to take risks that will mess up in the end later.

[vipaleks]

it is not clear why they are doing this, progress can not be stopped

[adrianto1995]

Their government in these countries just try to protect their peoples from being scammed. Also, their government maybe worries if Bitcoin will be used for many Illegal activities in their country like a buying drug or money laundring.

Anyway, I'm so grateful my country didn't ban Bitcoin. So, I can use Bitcoin without worries...

[eashikde]

These countries take care of their economy and reduce the rush to bitcoin at the initial stage. Let's see what will happen next

[youngmobi]

5 COUNTRYS THAT BANNED BITCOIN

  1BOLIVIA

 2CHINA

 3RUSSIA

 4SWEDEN

 5INDIA

 THESE ARE COUNTRYS THAT BANNED BITCOIN

[Nevkeke]

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]

Vietnam
Nepal
Makedonia
Rusia
Bangladesh