Ithink btc no longer need full government support. If btc is illegal, this does not prevent someone from buying it. Decentralized system will protect them. The US government will not legalize btc because their paper dollar is the reference value of money in the world. Legalizing btc i think will destroy their paper dollars.
But in my opinion, the US is still a country that is friendly to using bitcoin and the proof is that the US country always has the largest number of bitcoin ATMs. Until the regulations are implemented, adjusted and supplemented, it will not be affected by any of their bans. China also doesn't have to ban bitcoin, it just suppresses mining companies because of problems related to electricity and carbon. Bans are only temporary
Topic: Bitcoin ban, mission impossible - page 3. (Read 806 times)
If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.
But you need fiat to buy Bitcoin, this is part where government could interfere people from buy/sell Bitcoin.In some way, we still do need the government in this picture. Just look at how we convert our btc to fiat, these local crypto exchanges are under the jurisdiction of their respective Central Banks. Unless, you will cash out via p2p but most services available are also asking for kyc documents. No matter what, government will play a role in this crypto adoption, we can't evade them in this scenario.
If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.
But you need fiat to buy Bitcoin, this is part where government could interfere people from buy/sell Bitcoin.In some way, we still do need the government in this picture. Just look at how we convert our btc to fiat, these local crypto exchanges are under the jurisdiction of their respective Central Banks. Unless, you will cash out via p2p but most services available are also asking for kyc documents. No matter what, government will play a role in this crypto adoption, we can't evade them in this scenario.
If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.
But you need fiat to buy Bitcoin, this is part where government could interfere people from buy/sell Bitcoin.
today bitcoin is facing many challenges from various countries who balk at the ban on bitcoin in the country, for example, the Chinese government strictly prohibits the circulation of bitcoin both by its people and its government, but we should admit that your money will not be able to be done by any government. Even so, they can only prohibit their people from using bitcoins but not by banning bitcoins
This is what makes Bitcoin interesting, even though we live in a country that rejects Bitcoin and prohibits the use of Bitcoin. But the fact is we can still
have Bitcoin and use it, there are many ways that we can use, in order to have Bitcoin. It is impossible for a country as big as China to stop its citizen
from owning Bitcoin, meaning Bitcoin is impossible to stop. The development of Bitcoin is very rapid, although there are still many countries that
reject Bitcoin. I believe eventually all countries will accept Bitcoin, they will realize that there is no point in rejecting Bitcoin. Because there will be
many benefits that are obtained by countries accepting Bitcoin.
The uniqueness of bitcoin can't be a hindrance of success, that's why many people trusted this asset even if volatility exist. Though many time bitcoin fought for several challenges specially these days that it's started to recover from previous fall. We need to be more decisive on every decision we had, don't waste every opportunity that's given for us. Banning wouldn't be appropriate for a country that has been stabilized using cryptocurrency for their people.
Not everyone or every country will agree with Bitcoin.
Although Bitcoin is still banned in many countries, it doesn't mean that it can stop the involvement of the citizens of the country to own, invest, or trade Bitcoin.
That is what happen before, in China, their people run mining illegally, and people will find a way to continue their living no matter how strict is the government to them. The same scenario we found in the other countries.Although Bitcoin is still banned in many countries, it doesn't mean that it can stop the involvement of the citizens of the country to own, invest, or trade Bitcoin.
It is because Bitcoin is decentralized and everyone can use it not based on the rules and regulations of a country. But of course, it may have limitations, moreover when it comes to cashing out Bitcoin into fiat.
I only expect really that many more countries at least will not ban Bitcoin again and accept many more adoption of cryptocurrency
Definitely, there is a time for them to realize that they are wrong, we'll keep waiting for that. Because at this moment, they are still living in the doubts knowing nothing for Bitcoin but just a huge barrier of their economic growth I'd never think it was, instead, this could help the people become more productive. I only expect really that many more countries at least will not ban Bitcoin again and accept many more adoption of cryptocurrency
The development of bitcoin that is increasingly widespread today makes bitcoin widely known. many countries have accepted it but it is true that there are some countries that prohibit it. I think it's natural that each country has its own policy to accept or prohibit crypto. It doesn't mean that bitcoin's mission has failed because there are also many countries that accept crypto, so the development of bitcoin is also getting better besides the banning of bitcoin in several countries recently. I hope bitcoin will continue to grow and be reliable in the future.
Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system, so there are too many opponents to it. However, its design is such that no one can create a particular barrier to buying it. If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.
Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
This really could not be more wrong.
On surface level, yes, the government can't technically stop you from buying Bitcoin. But who controls the internet? The government. Who gives you internet access? Private corporations that operate within the purview of the government. The government has the power to completely limit Bitcoin by either regulating it into the ground, or taxing it insane rates to the point it doesn't make sense to trade with it. Right now, the countries that ban Bitcoin aren't established enough to have a large effect on the markets, but if China, US, EU were to try and ban it, you can bet they'd have a massive effect.
Even all governments in the world unite to stop bitcoin, they cannot stop until there are still few miners left. They can "pause" bitcoin blockchain by ordering to stop the internet connection around the world but once the internet comes back, bitcoin blockchain will continue.
Bitcoin is really a mission impossible cause no one even the government can not stop Bitcoin from moving or doing it thing. For many years now Bitcoin had been struggling to get freedom that had been uphold by the antagonist government and individuals that are ready to jeopardize Bitcoin activities. No one can stop Bitcoin although it can be banned temporarily but not permanent. 
Not everyone or every country will agree with Bitcoin.
Although Bitcoin is still banned in many countries, it doesn't mean that it can stop the involvement of the citizens of the country to own, invest, or trade Bitcoin.
It is because Bitcoin is decentralized and everyone can use it not based on the rules and regulations of a country. But of course, it may have limitations, moreover when it comes to cashing out Bitcoin into fiat.
I only expect really that many more countries at least will not ban Bitcoin again and accept many more adoption of cryptocurrency
Although Bitcoin is still banned in many countries, it doesn't mean that it can stop the involvement of the citizens of the country to own, invest, or trade Bitcoin.
It is because Bitcoin is decentralized and everyone can use it not based on the rules and regulations of a country. But of course, it may have limitations, moreover when it comes to cashing out Bitcoin into fiat.
I only expect really that many more countries at least will not ban Bitcoin again and accept many more adoption of cryptocurrency
There are countries that see the value of Bitcoin and they'd rather not impede its development, plus its people can't be stopped in acquiring the coin because the demand among them is so high that they may even go to extreme to get it. So in a sense, in these places why try to interfere with the impossible?
And there are other counties which are complete against it for various reasons, and it uses its power to stop the people from getting access to it but in my view this will be futile.
And there are other counties which are complete against it for various reasons, and it uses its power to stop the people from getting access to it but in my view this will be futile.
Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
Really, even Bitcoin becomes a solution in improving the economy of a country if they see it all. Bitcoin has potential that states and governments cannot own unilaterally. In this way, the impact that extends gives unlimited freedom. The US and India have not yet decided in its entirety, but their citizens are still active in Bitcoin exchanges without being noticed. We who are far from these countries are still in the introduction stage between Bitcoin and the government. So it's likely to be even closer.
~
Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
I was confused reading your statement about obtaining the currency Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
. Some countries tries to restrict the front end exchange by restricting the central bank to trade with cryptocurrency exchanges and business ventures or outright ban them. All they can do is to disrupt and nothing more. Countries like India took action against cryptocurrency exchanges through the central bank and the community fought against that in Supreme court and won the case and that is how these exchanges started operating again.
Unlike POS coins that are run in a limited number of nodes, BTCitcoin is decentralized.
~
Yeah it feels like a normal thing in the way that those bans aren't even permanent anyway, though it depends to some countries. I recall last year when Russia even stopped it total ban in cryptocurrency. Cashless policy feels like still a meh, even though that could possibly lead to mass adoption of cryptos. There are still many people out there that are not used to modern technologies hindering these cashless transactions since most of the time it would involve those technologies we usually use today that is somehow seen now as "common thing". 
I've come to hear of bitcoin being banned far too many times that, it almost feels like a normal thing already. This is one impossible task and the earlier the government settles with this reality, then they can see ways through which bitcoin could be incorporated into the system to make the living of the citizenry simple and better which would in turn reflect positively on the government. It would lead to to true cashless policy too.
The note printing would be another way to the regulation as some transactions could be only done using fiat currencies, especially for the purchase of goods from merchants that aren't technologically inclined.
The note printing would be another way to the regulation as some transactions could be only done using fiat currencies, especially for the purchase of goods from merchants that aren't technologically inclined.
The latter countries, they never go wrong with that expectation and so for those countries that still doesn't have a firm stand towards bitcoin. It is okay, they'll lift those bans and will announce that they'll be opening policies to regulate bitcoin so that their citizens are protected from the possible scams and as well as audit most of the bitcoin holders in their jurisdiction upon selling.
Only a matter of time for these countries although not all countries like China, Russia and other superpower nations, they have a strong economy that they don't need reliance towards bitcoin and they're just too paranoid to have something that they can't control be freely used by their citizens.If they add some investments and allowing bitcoin for their citizens, they're likely going to have another way of going to contribute to their entire economy despite they're already strong in terms of it.
Banning Bitcoin doesn't mean a government would prevent using it. Banning means they aren't allowing it to deal officially. Today or tomorrow most counties will welcome when they will realize Bitcoin technology. Technically it's impossible preventing Bitcoin use. Governments are just worried that they are unable to control it and they never want to give us financial freedom.
Regulating its users seem to make more sense for the government than having to control the network (blockchain). Government cant ban bitcoin, but they can prohibit users from using bitcoin in the jurisdiction of a country. Example: Indonesia prohibit bitcoin users from using it as a mean of payment but they allow bitcoin users to trade and invest on their own responsibility. This is a form of government control over these asset. Of course that something that is controlled will benefit the government or other interested parties. 
Given the nature of this digital currency, there are always conversations to be heard about not buying Bitcoin, as Bitcoin works outside the traditional banking system, so there are too many opponents to it. However, its design is such that no one can create a particular barrier to buying it. If you have access to the Internet and a Bitcoin wallet, you can invest in buying Bitcoin.
Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
Many countries have struggled to obtain this digital currency. Bolivia, Thailand, Vietnam and Bangladesh, for example, are all trying to obtain Bitcoin. Even more advanced countries such as Russia, Japan, Australia and Venezuela have attempted to legally sell Bitcoin. But it is interesting to note that some countries, such as India and the United States, have not yet taken action in this regard and have not yet defined an official policy on such currencies.
In general, it should be said that bitcoin cannot be an obstacle, and this is one of the advantages of Bitcoin.
Well, it all depends on the leadership of a country. Leadership with progressive people in it, have opted for bitcoin and people with regressive mentality in the leadership, have decided to ban it. India's crypto bill is on the way and possibly within next few weeks, you all will hear sad news from India that the government has decided to ban bitcoin.
However, having said that, it is really impossible to enforce the ban. The law can have its provisions for banning it, but to practice that in reality, is a whole different story! So it's not wrong to say that banning bitcoin is a mission impossible! But negative legality will definitely discourage a lot of people!
If you check you will see that most countries that have legally accepted Bitcoin are a developed country who knows the importance of technology and a digital world. For the underdeveloped ones they need to know the benefit and I hope they get it soon
Really? can you name some of this developed countries that have already legalize btc! because to me it seem most countries are yet to decide what policy to impose on btc usage, some countries are neutral about the situation, not legalize or ban it, while country like el-Salvador have openly legalize it although am not sure how successful that has become, how the citizens are cooping with the new payment system.
Most government of different countries seem to be confuse on how best to approach btc to fit in their economy, but soon they will be force to take this decision when they realize they can stop it from speeding.
Jump to: