Bitcoin is now banned in JAMAICA

[Boldcom]

Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect.

this is a warning for us all. not all central bank will support bitcoin but this does not mean that we or i will stop investing on bitcoin. i do not know any other countries banning bitcoin.

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[Kavallo]

11 times out of 10 a central bank 'banning' Bitcoin truly means 'please be careful. We're not going to cover your arses' when people can be bothered to read the 2-3 actual sentences what they wrote. And rightly so. It's not their problem. I'll wait to be proven wrong. It's what almost every other central bank has done.

Exactly. And this comes as the same sort of news is coming from Iran. These are all non-news and to repeat them again and again is just a silly way of spreading an immotivated FUD.

[cryptodrei]

Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect.

What the,this is too much how would we cashout our cryptocurrency assets now? i could have leave this place if i have the chance.If it was declared illegal those bag holders will be criminal by the constitutional law? i dont know how the heck that happened,but this is a very bad news for all the people in jamaica.

[Hazaki]

Many countries in the African continent are still unaware of the bitcoin industry and a minority of people are invested in this field since a lot of those countries are living in wars and having a lot of troubles such as famine and diseases  .. Some of those countries lack the basics such as electricity , computers and internet access .. In addition electricity is very cheap in such countries and the governments don't know about cryptos yet in order to make regulations for them , so going there and launching a mining farm in such "crypto virgin" lands will be a good opportunity for whoever has the budget to do so .

[leavefifa]

Jamaica is a developing country in Central America. Perhaps, the government is concerned about issues related to tax evasion, corruption of some national leaders. In fact, if the government finalized the legal framework and accepted Bitcoin, it would probably be better for the people. As far as I know, the unemployment rate in this country is also relatively high, emerging issues of social negativity. Bitcoin collection is a positive way to reduce unemployment for employees. But the government manages the country. They have the right.

[tdtduy]

Many countries in the African continent are still unaware of the bitcoin industry and a minority of people are invested in this field since a lot of those countries are living in wars and having a lot of troubles such as famine and diseases  .. Some of those countries lack the basics such as electricity , computers and internet access .. In addition electricity is very cheap in such countries and the governments don't know about cryptos yet in order to make regulations for them , so going there and launching a mining farm in such "crypto virgin" lands will be a good opportunity for whoever has the budget to do so .

Dear, you have a mistake then. Jamaica is a country located in Central America, not Africa, but in the Caribbean. But I also agree with you that the administration of the Jamaican government to Bitcoin is extremely difficult. Bitcoin can be a viable means for crime in this country. Especially when Bitcoin is not really popular here. This is a bad news for people in Jamaica. Bitcoin can help a lot of people avoid unemployment.

[newwest]

Unfortunately, the ban each country has a negative impact on bitcoin. But I hope that the countries that banned bitcoin will be very, very few.

It is as countries who banned it means their citizens get out of scope and the community become little lesser. If such things continue it means the community instead of widening will become so smaller that btc will crash and value may not rise then in such cases.

[RakknRoll]

Unfortunately that is true which is already happen in this year two thousand eighteen.
Through some personal conflicts and interest the country called jamaica is already end to its decision to disclosed the operation of bitcoin permanently.

[Your Point Is Invalid]

Bitcoin isn't banned in Jamaica by any means and it wouoldn't make any sense to ban bitcoin because of the size of the country and that very little people here know about the currency.

Many countries in the African continent are still unaware of the bitcoin industry and a minority of people are invested in this field since a lot of those countries are living in wars and having a lot of troubles such as famine and diseases  .. Some of those countries lack the basics such as electricity , computers and internet access .. In addition electricity is very cheap in such countries and the governments don't know about cryptos yet in order to make regulations for them , so going there and launching a mining farm in such "crypto virgin" lands will be a good opportunity for whoever has the budget to do so .

Jamaican is actually an english speaking Caribbean country, a great majority of the country has access to electricity, computers and internet access. Also, electricity in Jamaica is ridiculously expensive.

[lida311993]

This is sad news, as any ban bitcoin slightly hinders its development.

[Ravenangel]

Its sad that some countries continue to ban BTC even after it has made so much progress in the recent past. The efforts made in development go to waste when such things happen, which is very unfortunate.its a blow for the the crypto community for such thing to happen as we continue to make steps towards the crypto era

[kristinasm]

I was very upset, any negative news about bitcoin, especially when a country decides to ban the cryptocurrency in its teriitory. I do not understand why this should be done, it only hinders the development of the country.

[XpanderaX]

More and more countries are banning Bitcoin then this will adversely affect the future of Bitcoin, hopefully this does not affect other countries. And bitcoin continues to grow even though many countries forbid. Bitcoin is a very modern payment technology, but why are they banning it ?! I am sure, the reason they forbid Bitcoin is that they are afraid of being rivaled, and the currency in that country does not sell because all are moving to Bitcoin.

[Rkss4]

Very sad news because Jamaica is big part of bitcoin contribution countries. Due to bann bitcoin it brings a huge change in total trading systems.

[fumblingperch]

But this will not stop bitcoin, it will continue to develop despite the prohibitions, as this technology is very necessary for us, for our own development.

[Ishiro5]

Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect.

In the grand scheme of things, Jamaica has not risen to a level of influence in the crypto space that should get us concerned about this I think.

[layoutph]

Bitcoin can go up without Jamaica,  everyday hundreds of noobs are joining the crypto bandwagon.  Some of them are investors of stocks and forex.

Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect.

[kwabeedat]

central banks are always agains bitcoin and crypto .i dont feel worry about this news.bitcoin is one and only.

Yes they are akways saying bad things against Bitcoin and crypto. Sometimes it's also not a ban but a warning to the general populace. They do so just to warn them and tell them to be careful of digital/online/cryptocurrencies, but the media misinterpret and spread the FUD around. But in anyways they cannot kill Bitcoin and crypto

[Sinecoin]

Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect.

I dont think having Jamaica banning bitcoin will affect the overall moral of the market considering how irrelevant Jamaica is in the world economy let a lone the crypto economy.  Furthermore, having the Bank of Jamaica state that theyr avoiding crypto doesnt mean that the entire country is banning it.

[mkcube]

I dont think that banning in jamaica will affect the other counties. Maybe thier are ristrictions why thier government baneed for many reasons. Please respect the government. Maybe some other days if the givernment sees nithing weing with bitcoin, maybe it will be back soon.