Nevertheless some countries have actually banned them or their use. Countries where bitcoin is banned bitcoin and cryptocurrencies are generally welcomed in most parts of the world. Here are the countries where you should think twice before bitcoin mining or getting involved in cryptocurrency.
A lot of these countries will prosecute you with force. Bitcoin is illegal in more countries than you might realize and the bitcoin banned countries list is no joke. Depending on where you live you might be breaking the law.
But in this video i will explain why bitcoin cannot be banned why banning it would only validate it s. Bitcoin will never work and will be banned is a common objection i hear all the time. Those who have been longtime critics of bitcoin usually have one key theory in common which is that governments will eventually ban bitcoin and cryptocurrency will then cease to exist in any.
It s difficult to block people from using bitcoin when people are peer to peer bitcoin trading. Even if governments were to declare it unconstitutional there will still be people using bitcoin because of its peer to peer character. Bitcoin works in a peer to peer mode it is very tough to ban such a system.
Why bitcoin can t be banned. Bitcoin is unbannable because it relies on node decentralization. That s because the internet still relies on centralized servers that isp providers and governments can control.
Sites can be banned and governments in dictatorial countries can even block access to the internet for all. The internet can be censored partially.
