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    Author Topic: Russia and China vs Bitcoin  (Read 1736 times)

    • porcupine87
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    hm


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    August 18, 2014, 07:06:57 PM
     #21
    Quote from: LiteCoinGuy on August 18, 2014, 06:57:41 PM
    Quote from: boraf on August 18, 2014, 08:11:33 AM
    They already did ban bitcoin.

    So making it official should not have any impact on the price.

    when did that happen?


     Tongue

    It is not forbidden but practically it is forbidden to use it there.
    http://en.wikipedia.org/wiki/Bitcoin#Legal_status_and_regulation

    Hm but China or Russia are traditionally not the most innovative countries Smiley
    "Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics

  • MÖGUL™
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    August 18, 2014, 09:19:15 PM
     #22
    I dont think it will impact bitcoin a great deal if China or Russia bans Bitcoin. The great thing about bitcoin is that banks or governments can't control it. They maybe could limit the the ease of use of it by blocking sites from there country.. but we all no theres ways to get around that. China has already tried to intimidate the bitcoin market by threats of banning it, but it hardly damaged the price. Plus its much more beneficial if they embrassed it. Bitcoin is open source and the people currency, as long as the majority want it there it will always be.

    BTC The Future!
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