Topic: Can a country actually ban BITCOIN - page 2. (Read 1014 times)
The authorities of some countries can block access to different crypto sites and crypto wallets and limit trade using crypto currency. But people will find an opportunity to circumvent these prohibitions.
Nope, if they do just move to another country 
No one knows by your name how much do you hold.
No one knows by your name how much do you hold.
In my opinion with the advent of the internet it is practically impossible to stop something in the online world, i believe that completely banning a country can not occur , the only way to stop Bitcoin in a country is to place barriers such as taxes and laws.
A country could do it, but there would be ways around it. I don't see any country actually outlawing it though anytime soon. More and more people are adopting it so they would lose out on business.
It wouldn't work, no matter how hard they try to remove Bitcoin it will not work.People are not that dedicated to try to do that.
With a lot of news around this days about some countries banning bitcoin and so on. Is it actually possible for a country to ban bitcoin or other altcoins? Or the news are just rumor from some people that want the price to deep so they can scoop enough of the coin at deep.
Every country can do it.
Bitcoin prohibition can`t be done completely, even if the whole country is blocking mining sites or exchanges.
This reminds me of some extensions (google or firefox extension, thor, dolphin or other) that can be used to access "blocked sites".
There are plenty of countries that can do it, and there are also countries that can`t do anything, it all depends on the performance, thinking, and firmness of officials in the government agencies. But they are human, they have their own limits and capabilities.
The only way to stop bitcoin is by unifying the whole country, and all of them act hard or uncaring "like the one done in south korea yesterday" by closing all the exchange places in their country.
The only way to stop bitcoin is by unifying the whole country, and all of them act hard or uncaring "like the one done in south korea yesterday" by closing all the exchange places in their country.
Probably, what you say is right, that way maybe a bitcoin ban can be done.
With a lot of news around this days about some countries banning bitcoin and so on. Is it actually possible for a country to ban bitcoin or other altcoins? Or the news are just rumor from some people that want the price to deep so they can scoop enough of the coin at deep.
There are plenty of countries that can do it, and there are also countries that can`t do anything, it all depends on the performance, thinking, and firmness of officials in the government agencies. But they are human, they have their own limits and capabilities.
The only way to stop bitcoin is by unifying the whole country, and all of them act hard or uncaring "like the one done in south korea yesterday" by closing all the exchange places in their country.
Yes, governments can ban bitcoin but they can't forced to stop the bitcoin user or all investors because we still have an internet. Internet is our way to connect in bitcoin world. So if the internet is still exist! bitcoin is still exist too.
Theoretically, a country can ban anything they want to depending how centralized their power and political system is.
Take a simple tour through social studies and history and the list of things that countries have banned is quite long, from the ridiculous to the serious.
So of course, countries can ban bitcoin.
Now, the enforcement of that ban will prove to be quite tricky, due to the inherent technical specifications of the blockchain.
Blockchain technology is open source, maintained globally (miners, nodes, everything is spread out accross the globe), is p2p, and anonymous (depending upon how careful you are).
The addresses we use don't have our names, id numbers, addresses or anything. In order for government agencies to catch the "illegal" use of btc and connect it to an individual, they would have to get substantial evidence through your online footprint that links you to an address. All of which have very easy work arounds.
So I imagine rather than banning, regulations are more likely, specifically on how it is liquidated, like through exchanges and stuff.
Take a simple tour through social studies and history and the list of things that countries have banned is quite long, from the ridiculous to the serious.
So of course, countries can ban bitcoin.
Now, the enforcement of that ban will prove to be quite tricky, due to the inherent technical specifications of the blockchain.
Blockchain technology is open source, maintained globally (miners, nodes, everything is spread out accross the globe), is p2p, and anonymous (depending upon how careful you are).
The addresses we use don't have our names, id numbers, addresses or anything. In order for government agencies to catch the "illegal" use of btc and connect it to an individual, they would have to get substantial evidence through your online footprint that links you to an address. All of which have very easy work arounds.
So I imagine rather than banning, regulations are more likely, specifically on how it is liquidated, like through exchanges and stuff.
of course they can, the state can find its own way to do it, and the first thing a country does to ban bitcoin is to set rules on the prohibition of all things related to crypto, and thus people will start to fear, then began to reduce their transactions
With a lot of news around this days about some countries banning bitcoin and so on. Is it actually possible for a country to ban bitcoin or other altcoins? Or the news are just rumor from some people that want the price to deep so they can scoop enough of the coin at deep.
yes, actually they can... cause i think some countries have banning bitcoin because they think bitcoin is a bit "dangerous" such as the decentralization aspect contained in bitcoin or other altcoins which is considered to be detrimental to government because the government can not control bitcoin or receive tax from bitcoin, and the aspects of decentralization as well as anonymity are considered dangerous because, yes anyone can transact with bitcoin, and could be used for illegal activities ....
With a lot of news around this days about some countries banning bitcoin and so on. Is it actually possible for a country to ban bitcoin or other altcoins? Or the news are just rumor from some people that want the price to deep so they can scoop enough of the coin at deep.
The governments of the countries are quite capable of prohibiting the cryptocurrency, but this does not mean that it is impossible to carry out the related actions. But also this may all just be rumors that will lead to a price drop country can ban wallets, websites and you cant access so you will need to use vpn/proxy, also they can punish all local exchangers who exchange bitcoin and fine them, so you can only transfer not cashout bitcoin in your country.
If they ban the access, they might as well be banning cryptos in general, no? Sure most crypto users are tech-savvy and can use a vpn but I think most people wouldn't bother. This would also make it seem illegal and change the public opinion of cryptos.
It depends what you really refer to. If you are talking about dealing the coins in the countries' platforms and exchanges, it is possible for a country to do. But if you are talking about the people of the country to trade the coins, I think it is impossible. They can do the deal in other countries if not his one.
country can ban wallets, websites and you cant access so you will need to use vpn/proxy, also they can punish all local exchangers who exchange bitcoin and fine them, so you can only transfer not cashout bitcoin in your country.
No government can, and will not. OFCOURSE, governments that are late to party might give it a try
No they cant ban it because it will help their countrymen to be suuccessful and their economy will be more successful too
They can ban like banning torrent but still people using torrent . They can make using bitcoin illegal but they cant control over internet still VPN and lots of other source exists . So it is highly impossible to control bitcoin until internet exists.
I guess if you are unfortunate enough to live in a Country that is thinking about, or has actually banned BTC, there are ways and means of using it for the end user. VPN is a solution but likely to flag suspicion.
I would think that an enterprising person could implement a PTP tunnel via HTTPS - that would be safer.
Of course they can, because this is exactly what regulates the course today. For example, after the news that China is going to close its exchanges, the bitcoin rate has started to fall seriously, there have been many such examples, they really can do it, but I do not think so far
They can ban like banning torrent but still people using torrent . They can make using bitcoin illegal but they cant control over internet still VPN and lots of other source exists . So it is highly impossible to control bitcoin until internet exists.
A country can ban bitcoin but they can't stop bitcoin. China banned bitcoin but china is one of the leading countries on bitcoin today. When a county ban bitcoin they will seek for alternative way to trade or buy bitcoin.
Jump to: