5 countries that banned bitcoin

[bncbnc]

Some of these happens as a result of fear and Because of ignorance, many governments tend to pass laws without understanding and to prohibit things that they consider to be a threat. And although they can not prohibit a blockage, they have every chance to prevent citizens from accessing this technology which they consider as best in the interest of their citizens.

The main reason can be that still most of the countries afraid to turn bitoin as legal currency, they still consider bitcoin as threat to their country, but i think that it is not so, bitcoin can only improve the economy of a country, because bitcoin is currently providing such opportunities to people which can increase the financial status of such people.

[Merlin.Simmons]

In general, Japan, Singapore, Britain and Australia are relatively friendly to bitcoin.. But there are also some who think Bitcoin is legal, as long as we use Bitcoin in the right way I'm sure nothing will happen.

[lili song]

They see bitcoins as a threat to the country, so they do not allow bitcoin to operate.  only more people know about bitcoin and there is a way to protect the bitcoin from cryminals, it can be free cryptos around the world. And many countries forbid ico and speculation, but they look forward to blockchain technology and develop it very quickly. Here are some countries that banned bitcon such as Bangladesh, Bolivia, Ecuador, Kyrgyzstan, Nepal, china, venezuel, Zimbabwe, and India.

[Project xupporter]

I shared the reason for banning as it is easy for untraceable money laundering. But the advantages of BTC outweigh it disadvantages, I hope that they can see this and reverse their decision on banning.

[McDee]

As you can all see - mostly countries that do not take bitcoin on their territory and resist the emergence of crypto-currencies - these are underdeveloped countries. It is not surprising that in such old days the government is opposed to innovation. They benefit when the people do not know anything. But bitcoin makes people free and they are afraid of it, therefore they forbid it.

[Tan_avia)vl.]

All listed countries are not economically developed, and this may be due to the fact that they have little literate economists in the structure of the board. Or the riches of their countries do not want to enrich the population not by working for them.

[naveenchandradasa]

Hey, there are some news spreading that Bitcoin is banned in so many countries. Those countries who banned bitcoin has a lot of reasons for it sure. Sometimes it should be the country's weak economy. But in my opinion, bitcoin shouldn't be ban. Because every cryptocurrency has a limit for the blockchain. And the governors should know, Bitcoin is a huge future investment. So I think that countries should clear their prohibitions. Thanks.

[christina30]

They miss the chance of helping unemployed people to earn.Bitcoin is a big help today and in the future, but maybe they see bad effect in their country if they allow it to enter in their country. Those 5 countries who banned bitcoin maybe they have their own reasons why they banned it in their countries.Bitcoin is for everyone Hopefully they accept bitcoin

[ov3rflow9x]

India, Philippines, Nepal, Bangladesh, Russia are the countries that forbid bitcoin. They think that bitcoin affects the economy of the country. These governments prohibit people from buying bitcoins.

It is harmful thing because, Is the government don't ask people what they want and tried to do whatever they want, it is bad government. Using cryptocurrency is the future, why people can not use it..

[swordling143]

I think that we should all respect the countries' decision about banning bitcoin, I'm sure that they have a good reason as to why they cannot accept bitcoin in there country, it may be a threat for them perhaps or they are not very confident about the effects of what bitcoin can do to their countries. So, we just have to accept it.

[Techfrog]

Bolivia, The United States,  Russia, and a few other mores just like China.
I heard about Sri Lanka banning bitcoin transactions on their jurisdiction, i am not 100% sure if it was true or just any other kind of fud on the forum

[wreckitralph02]

The 5 countries that banned bitcoin are:

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

[Elachious12]

I keep wondering why Government and other traditional financial institutions are fighting against Bitcoin, is so unfortunate that they can't stop Bitcoin from become a major currency to be accepted worldwide

[Maame Esi Sergio]

As for countries that ban the use of bitcoin we keep hearing a lot. I sometimes wonder what exactly is wrong with the use of bitcoin in those countries. But all the same, they are in power and probably may see bitcoin usage from a different perspective. I hope that one day they will begin to realize the potential of this coin

[Ava Duvall]

they ban bitcoin because the government feels like its loosing control, i think many more would ban bitcoin if possible. buy its not really possible for most countries due to most constitutions.

[banoi]

Risk will come faster when you do not understand the virtual currency.

[skyland999]

last year there was news, one of them in my country that the use of bitcoin or other coins is strictly prohibited by the government but lately it seems the government no longer cares about this bitcoin or digital money.

[dangkhoasn]

We need more time to know whether the ban is true or false. However, I still do not like this ban
 

[george888055]

Who cares about those countries...Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology

[Malamok101]

Many countries still accept bitcoin today as I think in areas where bitcoin banned because of bitcoin trust
 and it's still not so well known and how do I run bitcoin and other crypto coins.