Post
Topic
Board Economics
Re: why bitcoin is banned by the government
by
Daboy_Lyle
on 12/04/2018, 23:31:53 UTC
List of Countries that have Banned Bitcoin
Thailand– The Thai treasure banned bitcoin outright.
Chinap– The Chinese treasure enacted policies on bitcoin that pretty much restricted the use of the virtual currency.
Taiwan – The country’s Financial Supervisory Commission (FSC) blocked efforts to install first-bitcoin-atm-installed-bostons-south-station Bitcoin ATMs in the country and restricted its use as an alternate currency.
India – The Indian’s central bank published a lengthly document against the use of bitcoin. If the country is not accepted by the central banking system, it’s pretty much useless.
Germany – The German government and central bank   formally accepted bitcoin as a private virtual currency but not as a public currency.
Bolivia – The developing country claims bitcoin was created by the United States government to wage financial warfare on other countries!
Russia – The Russian Prosecutor General’s Office says “Systems for anonymous payments and cyber currencies that have gained considerable circulation — including the most well-known, Bitcoin — are money substitutes and cannot be used by individuals or legal entities.”

We all know that we're lucky if our own country recognizes bitcoin instead of getting banned.
The countries that accepting  bitcoin are many than the country  that didnt accept it. I think Philippines  is on their way due to that a couple of person scammed over 900 Milion worth of bitcoins but there's a lot of user on the Philippines  that well disagree for banning it.