Quote from: stingers on November 04, 2015, 10:11:05 AM

Quote from: DOGE12321 on November 04, 2015, 06:18:58 AM

I feel sad ( Embarrassed

) to hear that bitcoin is being banned in countries including
Iceland
Bolivia
Ecuador
Kyrgyzstan
Vietnam
Bitcoin is such a wonderful online tool of this Modern world. Personally, i hope that these bans will be abolished and that everyone can access bitcoin in whatever country they are without any legal offence occurring. What do you guys think?

Any source or info that how will the ban take place and what all will be included in the ban? They can never ever ban bitcoin. You need to ban the whole of the internet to ban bitcoin, else monitoring the transactions of bitcoin from your country is impossible.

From the Library of Congress website: http://www.loc.gov/law/help/bitcoin-survey/
This report surveys forty foreign jurisdictions and the European Union, reporting on any regulations or statements from central banks or government offices on the handling of bitcoins as well as any significant use of bitcoins in business transactions. Topics covered include whether bitcoins are recognized as legal tender, the possibility of negative impacts on the national currency, concerns about fraud, and how transactions using the Bitcoin system are viewed by tax authorities.

Of those countries surveyed, only a very few, notably China and Brazil, have specific regulations applicable to bitcoin use. There is widespread concern about the Bitcoin systems possible impact on national currencies, its potential for criminal misuse, and the implications of its use for taxation. Overall, the findings of this report reveal that the debate over how to deal with this new virtual currency is still in its infancy.