Topic: Bitcoin will be banned in the EU starting from 2025 if ... (Read 599 times)

Such a decision can be considered a big victory for the cryptocurrency and its supporters. States are already forced to reckon with the interests of a large number of the population using cryptocurrency. But, of course, the states will continue the practice of tightening its regulation, there is no doubt about it. Also, similar restrictions on cryptocurrencies using the PoW algorithm may still be applied in individual states. The confrontation between cryptocurrencies and states will continue for a long time.

The EU is keenly looking into creating their own CBDC and are actively working on the matter. While they are no China and aren't nearly as heavy handed as China, I imagine they too would not be too happy with a competitor they cannot fully control, so while I doubt there would be an all-out ban of Bitcoin (and crypto in general), I imagine we will be seeing some pretty strict regulation of cryptocurrencies in the region in the future. I don't think regulation is necessarily a bad thing, as it will prevent at least some of the scams, but who knows what other effects it will have.

I think for now the issue has been resolved after it has been voted for and against, so placing a ban is a thing of the past but the challenges now is on the regulation, they are seriously not taking it likely in this aspect, because since they cant win through the PoW energy consumption and it carbon waste on the environment, regulation is their big target for catch. And am well convinced the bitcoin network will make through this.

3 years from now, do you think that those legislator or the party in position will still there? they might die or leave their position those days.

don't be too much alarmed mate because there are so many things that might happen in the next years.

I am still believe that in days come? for sure adoption is what we will have and not banning.

There are more to come in that 3 years so let it happen for our own benefits .

IMHO, I think it's not good if Bitcoin will be banned in the EU countries because the EU is a big market for Bitcoin and other cryptocurrencies, and im sure that it can bring negativity to the crypto industry as well. but luckily it will not happen because according to the latest information that was provided says that the regulators only want to make it more energy effiecient so based on that pronouncement I presume that they agree on some sort of solution to that energy problem and maybe the Proof of Stake can fix that.   

Proposal Limiting Proof-of-Work Is Rejected in EU Parliament Committee Vote
https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/

They voted 30-23

After China banned bitcoin mining in their country, then bitcoin moved to the United States, Russia and Kazakhstan, if only the deal happened and the European Union banned it again. Bitcoin for various reasons, I think bitcoin will look for other countries, because I believe and believe that bitcoin can never be banned, and the deal will never be approved by all the European Union, there must be a european country that will defend bitcoin, like what happened a few years ago.

Some powerful countries don't want to lose control, Bitcoin represents freedom, they are afraid that people can freely choose anything. They are trying to replace cryptocurrencies with their own national digital currencies. Bitcoin may be banned all the time in these countries, but that doesn't make a difference for Bitcoin. Bitcoin has proven itself over the years.

That's really interesting, as long as the Internet exists, there is no way to stop the use of Bitcoin. If there is technology to stop it, why does Bitcoin still exist in 10 years? Why not destroy Bitcoin, it shows that there is no such technology that can destroy Bitcoin.

Why do you think that the European Union cannot ban mining and circulation of bitcoins? Even the reason they announced is that PoW cryptocurrencies are very energy intensive when mining and at the same time contribute to the emission of greenhouse gases into the atmosphere enough that such cryptocurrencies, including Bitcoin, were unequivocally banned. Governments need to review their industries and take similar measures to prevent abrupt climate change. If they do this with their economy, then believe that the above decision to ban cryptocurrency will be accepted.
Bitcoin needs to switch to other algorithms or look for other solutions to get out of this situation and not expect that something can change for the better.

I call it bluff,by 2025 i think we should see mass adoption,like really mass adoption,the average joe is now learning more and more about blockchain technologies and its variants,we they see what is it going to become they wont be out of it,but...in worst case scenario,bitcoin will forever live in the internet,even if the world outside of it ban it.

For now? Anyone can actually use Bitcoin anytime in China, if they only have the tools and know the tricks. I know someone can say “debatable”, BUT laws cannot stop Bitcoin from being permissionless, and censorship-resistant. It will always be used where it’s needed.

Statement EU about the prohibition of Bitcoin, in my assessment is almost the same as what happened at that time against China, in fact for now Bitcoin can still be used by the Chinese.

2025, it's too early to say something obvious they can't do it, EU just said but can't do it, I'm sure Bitcoin in EU until 2050 is still fine, see you later if longevity.

Plus if the E.U and the U.S. truly forces a "ban" on Bitcoin, and refuse to be any part of the network, then how could they help the nation-states that are forced to use it? Like Ukraine for example. Institutions and individuals in Ukraine will need and use Bitcoin.

They are in a different situation now and what if total invasion of EU occurs right? In this time, this plan is far away from happening unless there could peace talks and all would be normal what it was years ago.

Banning the existence of btc will just create an underground market but not totally eliminating it. So for these governments, I would say it is best if they can just regulate their crypto businesses so they can get a hold of the taxes from this industry. Also, they have seen that there is no impact when China banned its miners. It may have caused temporary decline in the market, but btc goes up again. So considering a giant economy like China, which has not influenced much the market, how much more of other small countries can do to the btc market?

Maybe not, or they'll realize that banning Bitcoin is really not a good idea. They never push through that banning proposal coz they don't have the support either. I see their influence is strong, the government could easily make ban Bitcoin if they saw illegalities in this but they don't, they saw nothing but just a helping tool to the people and also for the economy.
They will surely change their mind and instead of proposing to ban Bitcoin, it was best to support and focus on imposing tax than doing this coz this will only fail. Might be possible that some of these leaders are investing in Bitcoin already.

From 2025? then it is too early to miked up this news. How foolish they will make people! Who can tell what is going to happen in the next three years? Let them sit with their shit paper money. think of Ukraine once in this situation, they have no gold in this situation.
So, with the outbreak of World War III by 2025, paper money will have no value, the only way is to supply bitcoin and gold.

I think most countries' governments don't really know the best approach to apply when it comes to btc, I read that the bill to ban PoW has been postponed, I sense the main reason for the postponement is because of this latest development with Ukraine crypto donations, even if they won't publicly admit it, it must have influenced their decision somehow,  they have seen the power of crypto and decentralization.

I don't really think Europe would outright ban bitcoin because bitcoin has so many users in various parts of Europe. In addition, they get taxes from bitcoin and other crypto transactions which somehow helps their economy. I guess they are just planning and organizing the moves and regulations they will lay down after 3 years which is why it is still so far ahead. I think they are counterchecking ways and other alternatives aside from banning bitcoin just because it is not environmentally friendly. After all, some bitcoin mining is now transitioning into greener and eco-friendly ways to mine bitcoin. Using geothermal and other renewable resources to be their main source of energy and power for the electricity consumption of mining btc is now being adapted in other countries. The pros and cons should be weighed down. And I believe they won't risk eliminating bitcoin usage because people would just resort to other ways of accessing it and making transactions which they don't want to happen obviously due to money matters.

Many times they have tried to ban bitcoin but to no avail. Why? Because they can't manipulate nor control it as well as the will of the users to utilize it. It will just be an endless race. So instead of banning, maybe they will come up with something that will benefit them and will be favorable to the people as well.