BitCoin is still illegal in these countries

in #cryptocurrency • 7 years ago (edited)

Bitcoin is best known cryptocurrency, but is still illegal in some countries.

  1. VIETNAM
    In Vietnam, bitcoin can be used by citizens, but State Bank of Vietnam issued a statement in February 2014 warning against use of Bitcoin.

2.ICELAND
Bitcoin legality is not very clear.
Bitcoin may violate the Icelandic Foreign Exchange Act which specifies that Icelandic currency cannot leave the country.

3.BOLIVIA
In May 2014, Bolivia banned all currencies that are not regulated by government.

4.ECUADOR
Ecuador banned all Bitcoin and establishing guidelines for the creation of their own virtual currency.

5.BANGLADESH
In Bangladesh, you can get up to 12 years in prison if you use Bitcoin.

Be careful if you travel or live in any of these countries.

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@fbslo

#bitcoin #banned #illegal #country
7 years ago in #cryptocurrency by
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     7 years ago 

    For real? You can go to jail?

    It suprise me that Iceland and Vietnam is on this list.

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     7 years ago 

    Bitcoin and any form of cryptocurrency is also illegal in Saudi Arabia.
    https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#cite_note-29

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     7 years ago 

    Oh! those country are sucks, you can't use bitcoin for real? so sad.

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