Post
Topic
Board Bitcoin Discussion
Re: why some country banned bitcoin?
by
BaraxLo
on 30/11/2017, 07:23:49 UTC
Recently MONACO country banned Bitcoin and Venezuela and Bangladesh and Nepal  are in banned list of Bitcoin and Cryptocurrencies even minning and trading and exchange are also banned in these country
Even though those countries you mentioned seem to have really low market capitalization of local exchanges there or even none of them have official cryptocurrency exchangers, it's still a bad news though.
maybe they see the big bitcoin market cap and starting to afraid that people could move their investment to the bitcoin. does make sense TBH
I really feel sorry for these countries for banning bitcoin. They think they are harming bitcoin by banning it but unfortunately they are wrong about this. They are doing injustice to their public by doing so.

Their people are unable to enjoy the perks of bitcoin just like those citizens where bitcoin is legal for public use. People are earning their livelihood just because of this amazing currency and such invention should be adopted by developing countries at any cost.