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Banned Bitcoin News

Bitcoin’s legal status varies from country to country and causes a lot of complications in financial and taxation systems. Bitcoin itself is not banned in most countries, but its status differs and is under different types of regulations. There are still some governments that have yet to establish any regulations and policies toward Bitcoin, but most governments have already came up with various types of policies. Bitcoin is rarely banned as means of payment between private parties, but it is common for the usage of Bitcoin to be banned for financial institutions and businesses. For example, Bitcoin is banned for Chinese financial firms and both Canadian and Indian banks. The main causes of Bitcoin being banned are governmental concerns about money laundering, terrorism funding and tax evasion performed with various cryptocurrencies, including Bitcoin.

Top News

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The Chinese Central Bank has pumped $130 bln into the economy which could filter down to the banned Bitcoin market.

China’s Liquid Injection Could be Bitcoin’s Delight

2017-11-23T17:31:00+00:00

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Morocco have banned transactions using cryptocurrencies - citing significant risks due to a lack of regulation

Morocco Outlaws Cryptocurrencies

Gareth Jenkinson

2017-11-22T15:25:00+00:00

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Chinese rumors of a ban on Bitcoin mining are causing confusion online and in the media.

What’s Mine Is Mine: China Spooks With Mining Legality Blunder

2017-11-14T15:25:00+00:00

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India’s central bank, Reserve Bank of India (RBI), has announced its plan to ban the use of virtual currencies as a form of payment across the country but has s...

Reserve Bank of India Hints on Possible Ban on Cryptocurrencies

2017-11-07T18:25:00+00:00

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A committee advising the Indian government has reportedly recommended a full ban on so-called cryptocurrency “dealers.”

Ban All Crypto ‘Dealers’, India Committee Reportedly Tells Government

2017-11-02T16:10:00+00:00

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Vietnam’s central bank, State Bank of Vietnam has declared the use of digital currencies in the country as illegal.

Vietnamese Central Bank Bans Cryptocurrencies

2017-10-29T14:27:00+00:00

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Lebanese central bank Governor has claimed that Bitcoin and other virtual currencies are “unregulated” commodities whose use should be prohibited.

Lebanese Central Bank Governor Criticizes Bitcoin as “Unregulated” Commodities

2017-10-29T14:10:00+00:00

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The government of Algeria appears to be moving towards a total ban of Bitcoin and other digital currencies in the country.

Algerian Government Eyes Total Ban on Cryptocurrencies

Joshua Althauser

2017-10-27T15:30:00+01:00

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