" Restricted countries"

[CryptoLover21 0]

Many countries are restricting the cryptocurrency because the blockchain technology clearly shows the transaction which will reduce corruption but the country wants to have corruption. Most of asian countries have not accepted because the price of the fiat currency is really low and if cryptos are accepted the value of the price decreases again which makes the fiat currency disappear.

[magd 5231]

This is true, famous platforms such as Binance are not available in the countries of the Middle East, but there is no problem. A lot of people open external accounts on Binance and others choose global platforms that are more accessible and open in all countries of the world such as the wonderful Yobit, in my opinion, Yobit deserves the first rank because it is available to everyone

[gourav789 2834]

this is true that there is still some ( us based ) country's that's is banned from trading platform . I didn't know specific reason behind it , because this is still Hidden by them .

[Jessica Karren 1242]

Operations of many cryptocurrencies platforms or exchanges are restricted in many countries because in those countries  use of cryptocurrencies are strictly banned. Some of those countries includes Pakistan, Morocco, Nepal, Vietnam, Bangladesh and many more. Mostly these are Asian countries.

[Cammer 4609]

On 6/2/2020 at 10:07 AM, abualez said:

Well my friend .. 
I agree with you as you said and I think that the reason for this is the loss of knowledge by these governments about cryptocurrencies and electronic culture.

That's how it works. The governments want the people to stay dependent on their government. They don't want them to try things that can make them earn some money.

[Gooooku 421]

Yeah in many countries digital currency is restricted because of that people from many countries cannot earn in crypto world . And i think its banned because of the rules and regulations of the country and wallet like coinbase , yobit doesn't allow to trade with those countries bank 

[tienda 8776]

There are many websites exchange who restrict some users from a such countries, there are some website with reason to do that because of the restriction of the such country, but some of website exchange they restrict users without reason.

[Treat1234 0]

There must be a reason why they put band on those countries thesame thing that happens in this forum they must have done something that causes more harm to their site that is why they are restricted to trade or make any exchanges.

[pablomarwan 3082]

Yes, you are right. There is a policy regarding this matter, as not all countries have the right to deliberate on these or other platforms. this is for a variety of reasons, which may be from the same country, and it requires the platforms not to accept any customer from that country. I think so recently, the currency of our country became available to invest in binance platform.

[Shahud 1319]

im every pllatform some countries are banned due to their global image .and most of the countries a re form us and they are having their own lawas and standards that every country should obey and comply with these.and the countries who don't comply with this they get banned

[jamesvince 2389]

Many countries are going to now accepting now bitcoin and supported coins but still needed more then two to three years we need to wait for it. And few new countries also accepted such as India now officially announced that bitcoin and altcoins are now legal tender market. 

[malik6314193 5449]

I think this is because ban on crypto currencies from these countries. Such countries didn't allow their people to use crypto trading and they can't do bank transactions so that's why trading platform did not allow such countries. 

[BrolySSJ 7899]

many of the trading platforms and so on are based in the united states of America and there are laws that prevent certain countries from trading and as a result they are then banned from the trading platform so as to keep in line with the actual law. However it is important to note that there are also other reasons that countries can be banned, such as that which occurred on the yobit platform. This could be due to the fact that there are many scammers in those regions and therefore to protect the security and integrity of the site those countries remain banned.

[Jami273 2020]

You are right friend.If i say about my country,it is not restricted by Binance,i am using binance for last 2 years.But it is restricted by coinbase pro.And i think the reason behind it may be the uses of crypto is still not ligally imposed by my country's government.

Edited June 12, 2020 by Jami273

[Captain Karim 0]

I think that the reason these countries are banned from the trading platforms I mentioned is because of the economic sanctions imposed on these countries, such as economic sanctions on Syria, Sudan and other countries.

[Izeal 4404]

Yeah, brother I have having that issue from my region. I think it's because our government don't want to trade their people money outside of the country and thinks it will increase illegal activities which is like joke for me and people are making 100's of dollar in a day just through trading.

[Sarahden111 1231]

This is because these platforms are subject to international laws and the laws of the country from which they operate and this country is bound by international laws, including economic sanctions on states, and therefore these platforms apply the same laws to countries and prohibit them from use.

[iloveyobit 6599]

This has already happened, but it may have many reasons, such as that the legal status of digital currencies in those countries is complicated and may cause problems for the platform or somthing like that.

[Moontong 5312]

On 6/1/2020 at 11:04 PM, Cammer said:

Because these countries' governments don't want their people to benefit from this crypto field.  However, there are some ways to bypass this for sure.

It's not about that thing, they are not just too confident about the benefits that a bitcoin or any cryptocurrency can give to them. That is why there are still many countries not allowing bitcoin in their land. 

[Honny143 13612]

On 6/2/2020 at 3:13 PM, Calvinpriva said:

Am not sure with this but i think most of this companies they banned some countries according to their rules. Many companies they invest or providing their services to developed countries.

Iam agree with  you're opinion some USA based companies not want some countries earn profit from their services because according their country law some countries not eligible for their offers I think most of Asian countries in this list because this countries not well developed that's the reason binance coinbase exchange banned these countries.

[Moontong 5312]

On 6/2/2020 at 3:09 PM, Zaino34 said:

This is true, there are some platforms that are not available in all countries and the reason behind this is that these countries have sanctions or it is prohibited to deal with them, so the platform is banned in these countries

That is not the reason, there are many restricted countries from this forum because they ban it from working here. They did this thing because there are many spammers from those countries.

[Dorjoy12 8962]

On 6/1/2020 at 5:44 PM, abualez said:

My friends, through my daily and continuous browsing for winning digital currencies, especially (Bitcoin), I notice that there are some platforms as binance and coinbase  that constrict some countries from trading. I am wondering if any of you know the reason for banning these countries. 
Good luck to everyone

I think binance banned those country to do trading in Their platform becuase those country not yet accept bitcoin so if those country crypto member made any crime then the course will be fall on binance exchange site.. So dont you think its so difficult.. You know binance is a big  exchange site so it must control it security system first❤                     

[Solex 2262]

We all know that binance is a good and well known exchanger in cryptocurrency world and for that they won't like to working with countries that are being restricted from making use of Cryptocurrency in the countries, I think the reason is that those countries didn't legalize Cryptocurrency and that is why binance also restrict users from those nations to use them.

[bino 3576]

16 hours ago, Moontong said:

That is not the reason, there are many restricted countries from this forum because they ban it from working here. They did this thing because there are many spammers from those countries.

Yes, this is the main problem of other countries that is why they are banned from this sites. Such as spamming and most of them have low quality content, and just want to earn not to learn..

[Thekingcallme 1975]

The reason for the ban by these platforms such as binance g for some countries is due to the different policies that do not coincide with those countries as well as the insecure situation there.