Bitcoin has been "banned" 23 times
Central Bank of Nigeria bans transaction in bitcoins
The Central Bank of Nigeria (CBN) on Tuesday, January 17, has passed a circular to inform all Nigerian banks that all transaction in bitcoin and other virtual currencies have been banned in Nigeria.
January 18, 2017
China is planning to ban Bitcoin
Officials of the People’s Republic of China announced in 2017 that the country will use their own digital currency. Bitcoin is thus rapidly depreciating as it is likely that the use of digital currencies such as Bitcoin will be banned in the country and that the official digital currency developed by China’s Central Bank will be used.
January 8, 2017
Bitcoin Banned in Colombia
Exchanges around the world are reporting trading records, the Bitcoin price has reached three-year highs, and even the mainstream media is feeling Bitcoin fever. Yet, not every nation in the world is enamored with “The Internet of Money,” as the South American nation of Colombia has decided to end 2016 by banning Bitcoin usage, domestically.
January 3, 2017
Superintendencia de Sociedades Bans Bitcoin in Colombia
The Latin American nation of Colombia has declared Bitcoin illegal. By doing so, the country has included itself into a list of handful nations that have taken such a step.
December 31, 2016
Bitcoin Banned in Taiwan after Billionaire BTC Ransom Attempt
Just days after a Hong Kong tycoon was kidnapped, beaten, and held for millions of dollars in Bitcoin in ransom by criminals, the Financial Supervisory Commission (FSC) Chairman of Taiwan, Tseng Ming-chung, has made a ruling. Bitcoin is now illegal within Taiwan.
November 3, 2015
Bitcoin Declared Illegal in Taiwan
The Chairman of the Financial Supervisory Commission (FSC) has declared Bitcoin to be illegal in Taiwan, following a recent high-profile kidnapping accident involving ransom demands made in Bitcoin.
November 2, 2015
Ecuador Bans Bitcoin and Paves the Way for a State-Backed Cryptocurrency
The cryptocurrency revolution has taken a most interesting turn in the small Latin-American country of Ecuador – the use of Bitcoins has been entirely banned and to fill the void the government has declared an intent to issue state-backed cryptocurrency.
March 24, 2015
In-Depth: Bangladesh Bans Bitcoin
Bangladesh recently banned the use of bitcoins. This action makes the country the latest in a string of nations that have taken steps to restrict or otherwise ban the use of bitcoin and other digital currencies.
September 22, 2014
Kyrgyzstan: Bitcoin Payments Violate State Law
The National Bank of the Kyrgyz Republic, the central bank of Kyrgyzstan, has issued new statements confirming the use of bitcoin and other digital currencies as a form of payment is currently illegal under national law.
August 4, 2014
The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies while establishing guidelines for the creation of a new, state-run currency.
July 25, 2014
Bolivia's Central Bank Bans Bitcoin ›
El Banco Central de Bolivia, the central bank of the South American nation, has officially banned any currency or coins not issued or regulated by the government, including bitcoin and a list of other cryptocurrencies including namecoin, peercoin, Quark, primecoin and feathercoin.
June 19, 2014
Vietnam Bans Bitcoin ›
Vietnam banned the virtual currency bitcoin, citing its ease of use for criminal purposes and its high risk for investors.
February 28, 2014
Russia Bans Bitcoin Use ›
Any use of Bitcoin will be considered "potentially suspicious," as the Russian government has linked Bitcoin usage to illicit activities.
February 9, 2014
Russia Bans Bitcoin, Labels It A “Money Substitute” ›
You have to feel sorry for Bitcoin users trying to keep up with their favorite cryptocurrency, as every week its fortunes seem to swing up and down. In the past 24 hours, Russia has officially banned the use of Bitcoin in a ruling that labels it a “money substitute”...
February 8, 2014
Russia bans bitcoins ›
If you’re going to the Sochi Olympics in Russia, don’t bring bitcoins. Yesterday the Russian Prosecutor General’s office released a statement that clearly prohibits Russians from using the new digital currency.
February 7, 2014
Russia Bans Bitcoin: 5 Fast Facts You Need to Know ›
Russia has just banned the controversial currency known as Bitcoin... The ruling is based on a 2002 law signed into effect by Russian President Vladimir Putin that reads, 'the official currency of the Russian Federation is the ruble. Introduction of other monetary units and money substitutes is prohibited.'
February 7, 2014
China bans Bitcoin, leading to drop in value ›
China has banned Bitcoin, leading to a drop in value of the digital currency.
December 6, 2013
China Bans Bitcoin ›
China’s central bank has taken the decision to ba