Bitcoin Forum
October 23, 2018, 08:41:36 AM *
News: Make sure you are not using versions of Bitcoin Core other than 0.17.0 [Torrent], 0.16.3, 0.15.2, or 0.14.3. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3] 4 5 »  All
  Print  
Author Topic: What it actually meant by Ban?  (Read 396 times)
tegarp90
Full Member
***
Offline Offline

Activity: 434
Merit: 100



View Profile
June 10, 2018, 02:28:25 PM
 #41

Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?

In my country Indonesia, bitcoin is banned from doing transaction with bitcoin.
But owning bitcoin is legal, and also we have an official indonesian exchange called indodax.
So, it's just banned to be using bitcoin as a payment.

               ♦      GΞMΞRA      ♦     Crypto-Token Backed by Colombian Emeralds     [  WHITEPAPER  ]               
     ▬▬▬    PRE-SALE  ▶  Sep 10th - Oct 24th     JOIN NOW & get 20% BONUS!    ▬▬▬     
♦          TELEGRAM        TWITTER        FACEBOOK        YOUTUBE         MEDIUM         GITHUB         LINKEDIN          ♦
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1540284097
Hero Member
*
Offline Offline

Posts: 1540284097

View Profile Personal Message (Offline)

Ignore
1540284097
Reply with quote  #2

1540284097
Report to moderator
1540284097
Hero Member
*
Offline Offline

Posts: 1540284097

View Profile Personal Message (Offline)

Ignore
1540284097
Reply with quote  #2

1540284097
Report to moderator
fishball
Member
**
Offline Offline

Activity: 336
Merit: 10


View Profile
June 10, 2018, 02:36:24 PM
 #42

Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?

Of course that kind of matter should be handled by the law-enforcing people using their regulation about it. So the punishment depends on their regulations.
gelaskopi
Member
**
Offline Offline

Activity: 364
Merit: 10


View Profile
June 10, 2018, 02:43:39 PM
 #43

We need to specify what the ban is. Does the ban not allow citizens to have bitcoins? Because there are some countries that just forbid bitcoin to transact, but it allows us to have bitcoin as an asset. If the country forbids us even to ownership. Then the risk depends on the laws of the country. But I don't feel the punishment will be as bad as in jail.

❤   humancoin   ❤   Join our whitelist!      ❤   humancoin   ❤
██████                   A new era of charity                    ██████
▄ ▄ ▄ ▄▄▄▄▄▄▄  Telegram | Reddit | Medium | Twitter | ANN Thread | Facebook   ▄▄▄▄▄▄▄ ▄ ▄ ▄ ▄
dsaijz03
Full Member
***
Offline Offline

Activity: 308
Merit: 101


we're Radio, online!


View Profile WWW
June 10, 2018, 02:45:18 PM
 #44

I think ban means you are not able to exchange or make transactions on your token/coins on that country so we can notice that those investors on crypto ban where not able to invest.

CyberFM   we're Radio, online!   Whitepaper
RADIO   ANN Thread   Twitter   Telegram
walemil
Full Member
***
Offline Offline

Activity: 406
Merit: 100



View Profile
June 10, 2018, 05:22:38 PM
 #45

This question will have to be answered with reference to the legal specifications of the country in question as it may vary from country to country. Since the law can't tie any cryptocurrency wallet to you, the only thing the ban can achieve is to forbid cryptocurrency activities in the country. This means you can spend your cryptocurrency in any other country where there is no ban.

MyCryptoBank  ――  Legal and Reliable Crypto Bank
Whitepaper  ――  CRYPTOBANK FOR CRYPTOCOMMUNITY  ――  Announce
―― Medium ―― YouTube ―― LinkedIn ―― Telegram ―― Facebook ―― Twitter ――
Khector
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
June 10, 2018, 05:34:50 PM
 #46

Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?

If anyone asks you what kind of prison? Keep answer because gara using bitcoin, it's not sane that make the law



The same payers who accept no objection, even a third person who objected,
This is what is called madness
cryptolet
Newbie
*
Offline Offline

Activity: 232
Merit: 0


View Profile
June 10, 2018, 06:09:39 PM
 #47

 I think ban means when the government or a particular country restrict the use, trading and exchanging of bitcoin maybe for some illegal purposes.
BelieveInBTC
Member
**
Offline Offline

Activity: 280
Merit: 15

BookiePro.Fun - The World's Betting Exchange


View Profile
June 10, 2018, 06:39:46 PM
 #48

Many people think that if a certain country bans Bitcoin, their citizens are selling it and not using cryptocurrencies anymore. The only problem is that it is impossible to prohibit using cryptocurrencies because they are decentralised. It would be wise to use a VPN while connecting to other nodes because the police might setup honeypot nodes which would find IP addresses of people who are using crypto.

lakatina
Newbie
*
Offline Offline

Activity: 77
Merit: 0


View Profile
June 11, 2018, 04:02:02 AM
 #49

Should remove the scam, that is the meaning of the board. Should do so in the big money market in this world.
PsylockReborn
Member
**
Offline Offline

Activity: 294
Merit: 17

WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
June 11, 2018, 04:09:06 AM
 #50

Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?

To make it more simple and understandable. If your country bans bitcoin then you won't be able to exchange it into cash if you needed the money for something unless you'll do it in between your friends or someone you know but if you get caught doing this, I guess there would be sanctions since it is not legalized in your country. Anything that is not legalized in your country is punishable by law if you'll be caught doing transactions that your government doesn't approve of it so better just hold your coins until the time will come that it will be legalized by your country.

           ﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
☆═══━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═══☆
≈ WORLD POWER PRODUCTION ≈


【 BACKED ASSET GREEN ENERGY TOKEN 】
☆═━┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈┈━═☆
Wanpush
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
June 11, 2018, 04:30:01 AM
 #51

Yes, if in the country there is an official law related to the ban of bitcoin, then he can be imprisoned. but if in the country there is no law, then the person holding the bitcoin can make an appeal.
violet catona
Newbie
*
Offline Offline

Activity: 89
Merit: 0


View Profile
June 11, 2018, 05:33:35 AM
 #52

I think For now 90% of bitcoin must be exchanged to fiat currency in order to finally use it to pay for goods and services. The banning is very effective at the point of exchanging it to fiat currency.
ngacengan
Full Member
***
Offline Offline

Activity: 462
Merit: 100



View Profile
June 11, 2018, 07:31:23 AM
 #53

banned country means I think the country is prohibiting the circulation and use of bitcoin for transactions in his country because I see some countries have different rules for the finances used.

hardtargetbtc002018
Newbie
*
Offline Offline

Activity: 180
Merit: 0


View Profile
June 11, 2018, 07:56:36 AM
 #54

Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
[/quote

Ban is actually a direction of the government not allowing a certain things or investment to enter in the country for some reason that they think can harm their citizen.
anitaraymonds
Full Member
***
Offline Offline

Activity: 420
Merit: 100



View Profile
June 11, 2018, 08:05:24 AM
 #55

I am yet to be aware if there is any country that has banned bitcoin. What they all are doing is to regulate the use of bitcioin in their country. If eventually bitcoin is banned by any country it will amount to sabotage to trade , deal or hold bitcoin in that country.

Hopeman1
Member
**
Offline Offline

Activity: 154
Merit: 10

Open and Transparent Science Powered By Blockchain


View Profile
June 11, 2018, 08:06:38 AM
 #56

Most of the time you just store your bitcoin and crypto money markets in a hardware wallet and you don't have to worry about anything.
Because no one can find your assets, if you're offline all the time.

ORVIUM        Open and Transparent Science Powered By Blockchain        ORVIUM
█    Whitepaper        Telegram        Twitter        Facebook        Reddit        Blog    █
▇▆▅▃▃▃▃▃▃   Token Generation Event: Coming Soon   ▃▃▃▃▃▃▅▆▇
boblets243
Newbie
*
Offline Offline

Activity: 112
Merit: 0


View Profile
June 11, 2018, 08:22:16 AM
 #57

Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
The scope of it depends on country to country.  So you may refer to the legislative group of your country.  Some countries may put into jail for using bitcoin. While  for other countries you only need to pay fines for disobeying the law. So the coverage and the penalities are different per country.
Cutieh01
Newbie
*
Offline Offline

Activity: 98
Merit: 0


View Profile
June 11, 2018, 08:23:49 AM
 #58

I think For now 90% of bitcoin must be exchanged to fiat currency in order to finally use it to pay for goods and services. The banning is very effective at the point of exchanging it to fiat currency.

I think if your country banned bitcoin it means there is no way you can have an exchange or any transaction is prohibited like paying of goods and services. In depends on a certain countries that banned bitcoin if the caught you using or trading bitcoin you will be sent in jail. So in my opinion better hold your bitcoin or store it in a hardware wallet then trade it if your country legalize bitcoin.
Xxmodded
Sr. Member
****
Offline Offline

Activity: 697
Merit: 266


WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
June 11, 2018, 08:32:35 AM
 #59

Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?

I do not think that as you say, every country has different jurisdictions about the prohibition and the type of law. especially on crypto and bitcoin. not true if someone has bitcoin will be in jail if not criminal act.

﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
≈ WORLD POWER PRODUCTION ≈

██████████████████████
██████████████████████████████
██████████████████████████████████
████████████████████████████████████████
██████████████████████████████████████████
██████████████████████████████████████████████
███████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████████
█████████████████████████████████████████████████████
████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
███████████████████████████████████████████████████████
██████████████████████████████████████████████████████
████████████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████
██████████████████████████████████████████████
██████████████████████████████████████████
████████████████████████████████████████
██████████████████████████████████
██████████████████████████████
██████████████████████
EdenHazard
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001



View Profile
June 11, 2018, 08:42:17 AM
 #60

Can someone be punished or sent to jail just by holding bitcoin in banned country?
This case depends on the decision of a country, if they (government) consider everything about bitcoin is something that is illegal then inevitably bitcoin users in the country must accept the consequences. Bitcoin is indeed freely owned by everyone, but users should be aware of where they live, there is a government that will manage all the life of a person.
What will happen in case of trading bitcoin in country where bitcoin is banned?
In fact, there are some countries that prohibit the use of bitcoin only as a payment system. Some countries allow bitcoin users to trade with their records (the government) does not have the authority to manage and be responsible for any risks to be faced.


                 ▄███▄
                ███████░
               █████████▄
              ████████████
             ███████████▓▓▓░
            ███████████▓▓▓▓▓
          ░███████████▓▓▓▓▓░░░
         ░███████████▓▓▓▓▓░░░░░
        ░███████████▓▓▓▓▓░░░░░░░
       ░███████████▓▓▓▓▓░░░░░░░░░░
      ░███████████▓▓▓▓▓░░░░░░░░░░░░
    ░░███████████▓▓▓▓▓░░░░░░░░░░░░░░
    ░███████████▓▓▓▓▓░░░░░░░░░░░░░░░░
██
██
██
██
██
██
██
.............PayPal  of   Cryptocurrencies ...........
  Blockchain Protocol + 12 Working Modules - Use Crypto as Cash
██
██
██
██
██
██
██
...........Invest Now...........
     ▄████████████████████████▄
    ███████████████████████████▌
    ████████████████▀▀ ---¬█████
    ███████████████        █████
    ██████████████    ▄▄▄▄▄█████
    ██████████████    ▀█████████
    ██████████▌            █████
    ██████████▌            █████
    ██████████████    ██████████
    ██████████████    ██████████
    ██████████████    ██████████
    ▐█████████████    █████████
      ▀▀▀▀▀▀▀▀▀▀▀▀    ▀▀▀▀▀▀▀
▄▓█████████████████████▓▓▄
▓██████████████████████████▌
███████████████████▓▓▀  ▓██▌
██████████████▓▀▀       ▓██▌
████████▓▀▀      ▄█    ▐███▌
███▓▀        ▄▄▓▀      ▓███▌
███▓▄▄▄   ▄▓█▓         ████▌
████████▓ ▓▌          ▓████▌
█████████▓    ▄       █████▌
██████████▌ ▄▓██▓▄   ▐█████▌
███████████████████▓▓██████▌
▐██████████████████████████
  ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
▄███████████████████▄
██████████████████████▌
██████████████████████▌
████████████     █▀███▌
███   █████        ▐██▌
███               ▐███▌
███               ████▌
████             █████▌
█████▄▄         ██████▌
████         ▄████████▌
██████████████████████▌
██████████████████████▌

    ██▄▄             ▄███▄
    ███████▄        ▄████████▄▄
    ██████████     ████████████▌
    ███████████▄ ▄████████████░░
    ████████████████████████░░░░
    ███████████████████████░░░░░
    █████████████████████░░░░░░░
    █████████   ▀▀███████░░░░░░░
    █████████        ▀░░░░░░░░░░
       ▀▀████             ░░░░░░
           ▀▀                 ░░
Pages: « 1 2 [3] 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!