Post
Topic
Board Bitcoin Discussion
Re: If bitcoin gets banned in a country, does altcoins get banned along with it?
by
bluestar1000
on 27/01/2018, 22:05:56 UTC
Yes.
Quotes from the Wikipedia article Legality of Bitcoin by country or territory.

Ecuador - "The Ecuadorian government has issued a ban on bitcoin and other digital currencies."

Algeria - "The purchase, sale, use, and holding of so-called virtual currency is prohibited."

Bolivia - "The Central Bank of Bolivia issued a resolution banning bitcoin and any other currency not regulated by a country or economic zone"

Kyrgyzstan - "the National Bank of the Kyrgyz Republic made clear that "the use of 'virtual currency', bitcoins, in particular..."

Bangladesh - "Bangladesh Bank said that "anybody caught using the virtual currency could be jailed..."

Nepal - "Nepal Rastra Bank declared bitcoin as illegal."


It appears Nepal is the exception here, although in the reference it says "As Bitcoin isn’t attached to a state or government and doesn’t have a central issuing authority or regulatory body...", so i'd be surprised if alts didn't get the same treatment.