5 countries that banned bitcoin

[cryptosonu]

Korea decide to ban bitcoin Do you know ? In response to a recent Republic of Korea (ROK) bureaucrat’s statement, causing mainstream media to roar about a “ban” on bitcoin, the South Korean street riled to virtual barricades. Citizens flooded petition signatures to the President. Social media contained oceans of angry comments demanding the offending minister’s sacking. The pressure grew so intense, agencies within the same government began contradicting one another, ending with an official presidential announcement no “ban” was forthcoming

1. china
             2.nepal
             3.Bolivia
             4.morocco
             5.bangladesh

[Camorra Dev]

Every day the number of people and countries who are ready to accept the bitcoin as a currency is getting higher and higher. Also, those countries who prefered to stay away would regret later since the bitcoin has so many advantages.

[AurumService]

Hmm, it seems kinda strange that China blocked Bitcoin because this country is one of leading powers in the world now. But I do think that as time goes by chinese officials will change their decision. Bitcoin and cryptos, blockchain - it`s our reality, it`s present time, it`s an opportunity that shouldn`t be ignored. At leasr it should be given a chance.

[Ambrosius]

Thailand banned since 29 July 2013
Russia banned since February 2014
Vietnam prohibited since February 28, 2014
Ecuador prohibited since March 2015
Bangladesh banned since September 2014
Kyrgystan banned since July 2014
Nigeria prohibited since January 17, 2017
Nepal banned since August 2017
Morocco banned since November 2017
Germany banned since January 2018


news per January 2018 may still increase or decrease depending on the perspective and needs of the government.

[sammyp]

Countries keep banning bitcoin but what I want to know is what measures are kept in place to ensure that one uses or owns bitcoin. Do the these bans actually work or there are just used to declare a countries displeasure towards bitcoin. I ask because if my country for instance bans bitcoin, I can still keep and use my bitcoin without anyone knowing. How do they enforce these bans?

[itsik78]

I live in Ukraine. We now have on the agenda the introduction of cryptocurrency and the use of blockchain technology.I am very happy about that.I hope other countries will develop in this direction.It is foolish to prohibit and even more to put in prison for the use of cryptocurrency

[god25]

Пытaтьcя зaпpeтить биткoин – тaк жe бeccмыcлeннo и нeвыпoлнимo, кaк зaпpeтить интepнeт.  Teм нe мeнee, имeннo этo пытaютcя cдeлaть пять cтpaн: Бaнглaдeш, Бoливия, Эквaдop, Heпaл и Киpгизия.

Taк, пpaвитeльcтвo Heпaлa зaключилo в тюpьмy пoчти дюжинy пpивepжeнцeв биткoинa, пpичeм пocлeдниe двa «пpecтyпникa» oбвиняютcя тoлькo в yпpaвлeнии нeбoльшoй кpиптoвaлютнoй биpжeй.

Caмaя цeнтpaльнaя cтpaнa южнoaмepикaнcкoгo кoнтинeнтa, Бoливия, вocпpинялa дeцeнтpaлизoвaннyю вaлютy в штыки – в 2014 гoдy Цeнтpaльный бaнк Бoливии зaпpeтил биткoин, a пpaвитeльcтвo c тex пop peзкo пpeceкaeт любыe cлyчaи eгo иcпoльзoвaния. 

[mrben77]

Let's start with Nepal. Recently, the financial regulator of the country Nepal Rastra Bank completely banned any operations with cryptocurrencies, seeing them as a threat to its economy. The authorities reinforced their decision with the arrest of a dozen people allegedly involved in the management of crypto-exchanges in Nepal.

[electronus]

Ecuador has outlawed bitcoin — but not because the authorities were against the idea of cryptocurrencies. Deto is that they wanted to fully control bitcoin and bind its rate to the us dollar, which, incidentally, is officially a local currency. This idea failed, and Ecuador went even further and created a national cryptocurrency, of course, fully controlled by the authorities.

[Doell]

Let's start with Nepal. Recently, the financial regulator of the country Nepal Rastra Bank completely banned any operations with cryptocurrencies, seeing them as a threat to its economy. The authorities reinforced their decision with the arrest of a dozen people allegedly involved in the management of crypto-exchanges in Nepal.

Nepal is among the countries that forbid bitcoin because it threatens the economy I wonder why it can make the ban ,the economy is the need of every country but bitcoin cannot destroy the economy that is often discussed by the government of the country It makes no sense to me?

[arguelles84]

In December 2016, the Vietnamese government announced that it would consolidate encryption rules because its current provisions "do not correspond to the current state of things»

[Wahyud11]

1. Thailand, since July 30, 2013. Bitcoin is not a currency
2. Morocco, since November 2017
3. South Korea, since December 13, 2017. Reason: to control its finances
4. Singapore, since 29 September 2017. Reason: arising constraints between financial companies
5. Nepal, since 2017.these are 5 list of countries that resist bitcoin

[Iconic Love]

To protect and avoid some problems some country banned bitcoin in their country.
5 counties that banned bitcoin:
1.Banglades
2.Ecuador
3.Singapore
4.Russia
5.Colombia etc.
Arising constraints between financial companies,
the last high risk natural bubble
worry of cryptocurrency fraud,
avoid money laundering,
can be used for crime and high risk for investors

[wengden]

why is it they band bitcoin? grrrrrr...... Bitcoin is life, easy to earn and easy to work. They always think for the bad side of bitcoin, they are not thinking on the good side. tsss That's Life =D.

[Jocuserious]

Also right this few countries already banned bitcoin.i think their problems government and banks.think is know their countries no have huge knowledge about crypto currency for this countries government.but we are know bitcoin popularity increases day up so hope will accept this few countries.

[biuifyus]

In general, Japan, Singapore, Britain and Australia are relatively friendly to bitcoin. The situation in the United States is more complex, with different attitudes in different states. But the mainstream is regulation; Russia and Thailand have experienced a strict ban on gradual relaxation. Regulation is under way in South Korea.

[Tatars kun]

Although several regulatory agencies issued warnings to investors about the serious risks associated with digital currencies, bitcoins are largely unregulated. Many regulators agree that bitcoin laws are necessary to protect investors from serious risk. However, federal authorities are split on whether to regulate bitcoins as a currency or an asset.

[Nolivelasco13]

I think they dont know the future value and reach of bitcoin

[logangbit]

Some countrys like
 1.Colombia
 2.Ecuador
 3.Russia
 4.Bangladesh
 5.Singapore
has banned the bitcoin in their country to protect some. the reason of those are.worry of cryptocurrency
fraud,avoid money laundering,can be used for crime and high risk for investors, Bitcoin is used for illegal activities.
For all those the listed country inculding some others has banned to avoid all those problem.but it should be a good thing if they also do this and be positive about bitcoin.

[suzanogbomo]

eventually they will realise their error and reverse their decisions.they are really ignorant