Post
Topic
Board Bitcoin Discussion
Re: Why in some countries Bitcoin is banned
by
aubert
on 29/11/2016, 07:26:35 UTC
That's probably because they're fearing for their national currency, which is probably in great troubles now, or they wouldn't do it.
If their national currency (local fiat) is in trouble of having such a high inflation then their economic will also be in trouble. For the sake of keeping their economy stay in good condition then they don't have any option but banning bitcoin. It's not wrong for them, but maybe bitcoin can be an alternate option there if government just limit the usage of bitcoin. Though it's impossible to really limit the usage of bitcoin unless they put effort into it