5 countries that banned bitcoin

[Nunoluck]

Those are not big countries so the impact will not be big. Bad news related to bitcoin banning in big countries can make big impact on bitcoin and all cryptocurrency price. I hope more countries will accept bitcoin.

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[ov3rflow9x]

Hmmm...5 countries of whole world, I thought that they are way more. So we are not is so bad state right now with our bitcoin

[Sevarchik]

where is the Russia.
This country dont have regulation of crypto, but any crypto operations are not welcomed

[mudra102]

In my country indonesia,bitcoin is not banned but it restricted. Can't imagine that everyone is forbidden to using crypto

[dimonstration]

Those are not big countries so the impact will not be big. Bad news related to bitcoin banning in big countries can make big impact on bitcoin and all cryptocurrency price. I hope more countries will accept bitcoin.

true just like for what happen last year in china there is some changes according in crypto and the market are really affects on it so just like this some of the small country banned bitcoin this is may not truly affect bitcoin currency.

[buahkudu]

5 countries that ban bitcoin.
The popularity of bitcoin that skyrocketed in value makes the popularity of digital currencies also hoisted up. Disallow Bitcoin Transactions Before Being Made A number of countries then prohibit the use of digital currencies such as bitcoin as a means of payment and legitimate transactions.

here is a list of 5 countries that prohibit bitcoin
1. Nigeria
2. China
3. Colombia
4. Taiwan
5. Ecuador

[Yohr87]

COUNTRIES THAT BANNED BITCOIN

Before we start to our topic this I want to tell that some of you might know about this but I just wanna share this to those who are not.

                Several people believe that bitcoin was a blessing and it was an opportunity
for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin's list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin.

                Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can't stop the blockchain from propagating, but they can stop their people in having access to it.

STOP THE BITCOIN!!

               Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That's the exact case in five countries:

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

It was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/
that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange.

Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia,
And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING".


this was already an old news for updated list

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory


so what do you think? will your country will ban the use of bitcoin?
do you know other countries that ban the bitcoins?
Please share it and tell to everyone

I don't know why there's country banned Bitcoin because they are not satisfied in using Bitcoin?
I think for me before they do that they have a big reason for banning Bitcoin.They don't know what are the advantages and benefits of Bitcoin,it can change the economy of one country.

[jessy2000]

They banned bitcoin because they fear to lose the control of local currency.

[BarbieCasino]

these 5 countries will be definitely  undeveloped countries. Only undeveloped countries banned bitcoin. most of the developed countries did not banned bitcoin they want start service on bitcoin because they want modernism and increase life standard in their countries people . because bitcoin is the digital era in the world and now a day most of business are became digital they  buy and sale their product on digital way that's way for digital business  digital money are so important.

[damgdas]

Perhaps these countries have temporarily banned bitcoin, or perhaps they are not very competent governments in digital technology.

Last year, China was hostile to bitcoin. This year, China has started to widely develop the blockchain technology. I believe that in the future, bitcoin will be recognized by more countries.

[logan.logan]

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

[redhorsebeer1980]

If they are banning cryptocurrency because they might be affected negatively by the growth of bitcoins.I believe that the reason why they are banning cryptocurrency is because of the people that prefer of investing in cryptocurrency more than on their own banks.All countries that have a high level of corruption like in mine fear the use of bitcoin as money laundering will certainly be difficult to track and the state will not take risks besides bitcoin is considered still not have a strong legal body.bitcoin is still a new thing in some countries.

[barretking]

Counties that have banned bitcoin are:
1.   Bolivia
2.   Ecuador
3.   Bangladesh
4.   Nepal
5.   Kyrgyzstan
I think in the future not only will five countries banning Bitcoin but there will be more countries banned and want to remove this currency from the market economy.

[arguelles84]

States are trying to ban, which is almost impossible to prohibit, such as the Internet. But such attempts exist, who today banned the use of crypto currency: Bangladesh, Bolivia, Ecuador, Nepal, Kyrgyzstan. In Nepal, more than 10 people are currently in prison on charges of using crypto currency. Local exchange "Bitsewa" was closed by the order of the Central Bank.

[Haneul]

These are insignificant countries with low GDP. They are unlikely to have any effect on crypto currencies environment. Sooner or later they will unban them again when rest of the world will start adoption of Bitcoins. Top major GDP are either making Bitcoin legal or regulating them or placing taxes rules on them. Crypto currencies are here to stay.

[PaulTrace]

Governments of these countries may have a rong conception about bitcoin that's way they ignore bitcoin.

[Larva14]

COUNTRIES THAT BANNED BITCOIN

Before we start to our topic this I want to tell that some of you might know about this but I just wanna share this to those who are not.

                Several people believe that bitcoin was a blessing and it was an opportunity
for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin's list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin.

                Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can't stop the blockchain from propagating, but they can stop their people in having access to it.

STOP THE BITCOIN!!

               Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That's the exact case in five countries:

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

It was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/
that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange.

Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia,
And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING".


this was already an old news for updated list

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory


so what do you think? will your country will ban the use of bitcoin?
do you know other countries that ban the bitcoins?
Please share it and tell to everyone

Fortunately, most countries are neutral about bitcoin and all of the cryptocurrency. But there are a lot of governments that are watching this innovation carefully as they fear it can affect their economy though they are not sure if the effect is good or bad. Hopefully, they will realize soon that cryptourrency's goal is to improve our economy.

[wallstone]

COUNTRIES THAT BANNED BITCOIN

Before we start to our topic this I want to tell that some of you might know about this but I just wanna share this to those who are not.

                Several people believe that bitcoin was a blessing and it was an opportunity
for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin's list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin.

                Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can't stop the blockchain from propagating, but they can stop their people in having access to it.

STOP THE BITCOIN!!

               Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That's the exact case in five countries:

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

It was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/
that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange.

Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia,
And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING".


this was already an old news for updated list

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory


so what do you think? will your country will ban the use of bitcoin?
do you know other countries that ban the bitcoins?
Please share it and tell to everyone

I will add to the list the country of Cambodia where the National Bank of Cambodia has declared the use of all cryptocurrencies including Bitcoin illegal in the country. This is a very unfortunate. But don't worry because personally, I still believe that our community can help encourage more people and clear things and stuff that critiques throw at us.

[Peashooter]

COUNTRIES THAT BANNED BITCOIN

Before we start to our topic this I want to tell that some of you might know about this but I just wanna share this to those who are not.

                Several people believe that bitcoin was a blessing and it was an opportunity
for everyone but not everyone shares the sentiment. From central banks and other finance company, Bitcoin's list of detractors runs for a very long time and gone so deep.But most of the government around the world seeks for the regulation of bitcoin.

                Be due to fear,ignorance and protectionism, governments have a tendency to legislate against perceived threats.Countries such as japan protects its citizens to have free trade of the digital currency.But unfortunately not all countries embracing the change of our technology.In some cases citizens have had their assets seized,accounts got frozen and have been locked up, Government can't stop the blockchain from propagating, but they can stop their people in having access to it.

STOP THE BITCOIN!!

               Like banning drugs,alcohol and other stuffs banning bitcoin sounds nonsensical and unforceable.That's the exact case in five countries:

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

It was recently reported in https://news.bitcoin.com/bitcoin-illegal-in-nepal-police-arrest-seven-individuals-for-trading-operations/
that there were dozens of bitcoin and crypto enthusiasts get imprison seemingly guilty of little more than operating a small-scale bitcoin exchange.

Meanwhile Ecuador has outlawed bitcoin, nit because they opposed this crypto but because they want to regulate and control it and tether it with the Ecuadorian dollar.An Electronic money designed to operate ad support monetary scheme dollarization.Completing the naughty list of countries that have banned bitcoin is Kyrgyzstan, a tiny landlocked state in Central Asia,
And Bangladesh banned bitcoin, it was 2014 where Bangladesh bank stated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING".


this was already an old news for updated list

https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory


so what do you think? will your country will ban the use of bitcoin?
do you know other countries that ban the bitcoins?
Please share it and tell to everyone

Those five countries have opposite view with these countries: Japan, Estonia, Singapore, Australia, and South Korea, about this topic. I just want to say that bitcoin is really far from those scams and I am glad that there are nations that can see the beauty of cryptocurrency. I think we should work hard to help rebuild the image of this industry by inviting more people and spreading knowledge.

[Static420]

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

I agree with you brother. I live in one of those countries