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Author Topic: How is bitcoin banned in some countries?  (Read 153 times)
vv181
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February 05, 2018, 08:09:40 AM
 #21

The possible scenario is in some country the Bitcoin user is growing large, I'm sure government wants to make an advantage to taxing it and have a regulation on it to prevent money laundering and tax evasion. and in other hands, in some country Bitcoin user is so rare so the government didn't care too much about it.
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February 05, 2018, 12:33:41 PM
 #22

I can't understand how bitcoin gets banned in some countries and not others. Is it possible to still keep trading in bitcoin with an offshore account(exchanging your bitcoin to real currencies in an account abroad)? Are there any legal implications?
In fact, it can not be banned. But the multiple prohibitions of regulators simply complicate the exchange of bitcoins for fiat money: local exchangers are closed, websites are blocked, banks complicate transfers and begin to control them. For those who work with small amounts this does not cause problems.

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