Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is now banned in JAMAICA
by
denzkilim
on 19/04/2018, 09:06:18 UTC
Bitcoin is getting banned in jamaica heard recent news
about this ban, stated by the Bank Of Jamaica avoiding this virtual
currency called bitcoin. if you have anymore news leave in post below.
👍 respect. Smiley

I think it is not a new thing that bank doesn't allowed cryptocurrency.
crypto can disrupt existing bank system in every countries. only a few bank accept crypto.

Yeah, This banning is not new and it already in a lot of banks all over the globe but still, bitcoin is unstoppable and will continue to grow. There is only one thing about Bitcoin or other forms of crypto currencies why majority of the banks in the world would not accept it because of its volatile nature, It can easily go sky high and it can easily go down in a matter of minutes. Banks are afraid to lose a lot of profit if they will accept this kind of currency and that is why they are against crypto currencies. Even Bitcoin has this kind of flaws it is still one of the best technologies ever created for the sake of our monetary and payment system.  Cool