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Author Topic: Countries banning bitcoins  (Read 1610 times)
kensai187
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November 27, 2013, 11:09:29 PM
 #21

Apparently they're banned in Thailand where I went on holiday, not sure what that entails though?
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November 27, 2013, 11:15:01 PM
 #22

I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.

Really? I thought the China government were also buying.
Also, there is this one badass miner in China who mines like 50 BTC a day lol...
I heard that they also banned them in Thailand.

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November 27, 2013, 11:24:24 PM
 #23

The chinese citizens are buying btc, yes.

But the chinese gvt. Is not buying btc so don't start misleading people.

If the chinese incoming vendor ban is true, watchout.
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November 27, 2013, 11:48:46 PM
 #24

Apparently they're banned in Thailand where I went on holiday, not sure what that entails though?

That turned out to be false, although it was still reported as true by many news outlets.

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November 27, 2013, 11:55:57 PM
 #25

The chinese citizens are buying btc, yes.

But the chinese gvt. Is not buying btc so don't start misleading people.

If the chinese incoming vendor ban is true, watchout.


I doubt the exchanges in China could start to operate without some goverment authorization
hilariousandco
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November 27, 2013, 11:56:07 PM
 #26

I read a few minutes ago that In China, there is BTC BAN for all Chinese Vendors comming soon. Dont know how reliable the story is, look into.

But if so, bye bye BTC.

Really? I thought the China government were also buying.
Also, there is this one badass miner in China who mines like 50 BTC a day lol...
I heard that they also banned them in Thailand.

Didn't they just not grant Thai exchanges licences to exchange it or something, not ban it per se?

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November 28, 2013, 12:29:04 AM
 #27

Some people expect Russia to start banning Bitcoins after the last Internet censorship laws being passed.
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November 28, 2013, 12:31:16 AM
 #28

Some people expect Russia to start banning Bitcoins after the last Internet censorship laws being passed.

In Russia Bitcoins own you.

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November 28, 2013, 12:34:54 AM
 #29

Some people expect Russia to start banning Bitcoins after the last Internet censorship laws being passed.

Would be interesting what would happen with BTC-E
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November 28, 2013, 12:36:34 AM
 #30

Some people expect Russia to start banning Bitcoins after the last Internet censorship laws being passed.

In Russia Bitcoins own you.

OMG. This made me watch: https://www.youtube.com/watch?v=8EiJHmHPVig.

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November 28, 2013, 06:36:30 AM
 #31

dam countries banning BTC

hope it wont happen

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beetcoin
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November 28, 2013, 06:38:19 AM
 #32

banning is highly unlikely by most governments, but i wouldn't be surprised if there were 1 or 2 countries that did it.

there's one thing you can be certain about though: government wants its cut, and it will make sure that you pay it.
CathalG
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November 28, 2013, 09:23:21 AM
 #33

banning is highly unlikely by most governments, but i wouldn't be surprised if there were 1 or 2 countries that did it.

there's one thing you can be certain about though: government wants its cut, and it will make sure that you pay it.

I agree in order for it to become mainstream it will need government help... Then a transaction fee will go straight the the Government.  At the moment it is still too small to make them tax it, but as soon as it breaches a certain threshold, which I am sure has been laid out by someone they will get involved
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November 28, 2013, 09:45:13 AM
 #34

banning is highly unlikely by most governments, but i wouldn't be surprised if there were 1 or 2 countries that did it.

there's one thing you can be certain about though: government wants its cut, and it will make sure that you pay it.

I agree in order for it to become mainstream it will need government help... Then a transaction fee will go straight the the Government.  At the moment it is still too small to make them tax it, but as soon as it breaches a certain threshold, which I am sure has been laid out by someone they will get involved

Not possible, there are hundred Governments over the world, who you would pay the Block fees to ?  Smiley
Tax is payed from income by every person. Report and pay it properly  Wink
chatig89
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November 28, 2013, 09:49:32 AM
 #35

usa maybe
hilariousandco
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November 28, 2013, 10:24:15 AM
 #36

dam countries banning BTC

hope it wont happen

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Oh god, sanding the dead skin off your foot with a drill arghh  Huh.

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November 28, 2013, 10:28:44 AM
 #37

Thailand banning bitcoins maybe,  Bank of Thailand is liaising with Thailand’s Ministry of Information and Communication Technology, Ministry of Finance, and Securities and Exchange Commission Thailand before making a final decision.
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November 28, 2013, 10:40:43 AM
 #38

In China, bitcoin is a digital commodity, not a legal currency, so it apparently cannot be used as input by vendors legally (otherwise a lot of accounting and taxing issues). It's not allowed in the first place, not banning. People can, however, buy and sell BTC as they wish on the exchanges without any problem. This was confirmed by the government officer in public. I believe Bitpay like services will emerge in China soon. That is people pay with bitcoin, but the vendors get the fiat.

Don't worry about the demand of Chinese people will decrease because of this. Most of Chinese people buy bitcoin for investment or speculation, and I think only a tiny part of them may consider using BTC as real currency. As long as there're no other reliable investment options in China (the stock market there stays at the bottom for many years), the BTC price will increase just as the property price there.
faiza1990
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November 28, 2013, 11:26:52 AM
 #39

Now if any country want to ban bitcoin then he must ban INTERNET then its possible to ban this bitcoin otherwise its a not good idea

fenghush
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November 28, 2013, 11:33:32 AM
 #40

Now if any country want to ban bitcoin then he must ban INTERNET then its possible to ban this bitcoin otherwise its a not good idea
Banning and enforcing the ban are two different things, in my opinion enforcement is impossible, enforcement is ineffective in most cases for contraband goods. The few that will be caught using bitcoins will be given pointless prison sentences and it will be all business as usual.
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