5 countries that banned bitcoin

[Liza Soberano]

Good thing that our country doesn't ban and doesn't plan to ban bitcoin because if that will happen many of us, the sers of bitcoin will surely disagree to this. As we can see, bitcoin provides work for individuals so why ban it? It can make the life of every person wealthy.

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[jakoylantern]

For me, the reason of this countries why they forbidden bitcoin is acceptable. All state have the jurisdiction to ban or prohibit some almost everything especially if this thing is disobeying their rules, regulation, and laws. We all know that bitcoin’s capability is superb that it can anonymously transact your money and some criminals are taking advantage of doing their illegal activity, and that is the main reason why this or some state are now banning bitcoin and another cryptocurrency because of its capability. Also, the other reason why they don’t support bitcoin its because they can’t control it and bitcoin and other cryptocurrency are created to fight against their high transaction fee rate. 

[waqasanwar95]

there are many countries who ban bitcoin but its just formality no one can stop to work on bitcoin

[thegreatdodoy]

there are many countries who ban bitcoin but its just formality no one can stop to work on bitcoin

We should be careful on the reports because some reports that banning bitcoin is just a speculation circulated in the social media trying to destruct image of bitcoin.

[orarider]

5 countries banned bitcoin that is:
1. China.
2. India.
3. Colombia.
4. Russia.
5. Philippines.
These countries worry that bitcoin will adversely affect the country's economy.

[quynhtrang666]

Maybe I do not understand politics. But I wonder why there are countries that forbid bitcoin. Does it affect the economy of that country?

[quynhtrang666]

Maybe I do not understand politics. But I wonder why there are countries that forbid bitcoin. Does it affect the economy of that country?

[zwiggel]

These countries banned bitcoin, because they feared it would affect the monetary system. Bitcoin will weaken the economy. The following 5 countries banned bitcoin.
1. China.
2. Russia.
3. India.
4. Nelpan.
5. North Korea.

[rightway00372018]

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  Think the real reason why  they are banning bitcoin its because their is not yet ready to accept or they are afraid that their people become a victim of bitcoin scamming that is very ramphant nowadays.

[panukurap]

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

in my opinion, the five countries mentioned above have no effect on the crypto even though they now ban kirpto in their country, because in that country the users of crypto are not too many, and when many countries have legalized crypto in their country, the five countries that have banned crypto will follow other countries and lift the ban.

[r1a2y3m4]

I really don't know the reason behind banning of bitcoin. I guess that people just wanted that these things to go off. Bitcoin is a good thing for all of us I think. Probably, they're just small minded people who doesn't know the good things that can bring by this thing. It so sad to see them banning bitcoin.

[Ale88]

Until when bitcoin banned I countries such as Bangladesh, Bolivia, Ecuador, Kyrgyzstan and Nepal, with all due respect for the countries, I don't really think it's a matter, in any way. We are talking about very small economies, not very hi-tech countries such as Japan or South Korea.

[simaislam]

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

You're absolutely right.i live in Bangladesh.my country banded bitcoin. bangladesh bank sated that anyone that will be caught using such online currency could be jailed mostly because it's about "MONEY LAUNDERING "

[nikogluttonym]

There is no need to think. While such a government's mood against Bitcoin is better to just keep Bitcoin for a long time. Trade yourself on decentralized exchanges and not attract attention.

[soul-impact]

Countries that banned most bitcoins belonged to Islamic countries. These countries view bitcoin as illegal. 5 countries banned bitcoin:
1. Afghanistan.
2. Bangladesh.
3. Ecuador.
4. Qatar.
5. Colombia.

[Arrazi1507]

in my country, Indonesian banned bitcoin because bank of indonesian worried if bitcoin used to buy drugs, money laundry, and crime
another reason of banning bitcoin is bitcoin didnt have a physical shape and the price unpredictable.

[deklitt]

to my knowledge in Indonesia bitcoin banned if used as a payment transaction but not with investment and trade bitcoin, and so far there has been no effort from the government of Indonesia about ban bitcoin as access payment transactions

[addeqt]

Do I am seeing countries that belong to the third world country list? I think they are also included in the corruption list? Well, if that is the government regulation then it has to be followed by its citizen. I am just glad that I am not part of it. But I can't imagine how those people living in that country manage to adopt in the new technological change. They are counterproductive by doing those ban. We all know that there could be a massive scams running around thru crypto but, there are also or even more people who use this opportunity to help their family. I hope those country would think twice.

[mdrakibul]

All the countries in the list seems to be third world countries. Their ignorance has left them behind so I am not surprised by what these governments have done.As long as they keep loyal to their shitty propaganda from their governments I am only sorry for the users residing in these countries. Unless the country wants to stop bitcoin, I will help bitcoin if bitcoin wants to stop.But I do not think it can happen because the average country already knows about bitcoin and some are receiving bitcoin.I don’t think that Russia or S Arabia will ban BTC exchanges. Not at all.

[bardadymr]

These countries do not really shine with their development and technologies, so it is understandable why they did not accept the crypto currency