Topic: Can a country actually ban BITCOIN - page 5. (Read 1028 times)
It possible because government task is to protect their citizens interest. If they see that crypto is a threat to their interest they will act accordingly. That is the internal factor which We don't have control.
they can ban but they cannot prevent people trade with crypro currencies.
so they are better to recognize and legalize them.
so they are better to recognize and legalize them.
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 some fantastic news about banning of cryptocurrencies in different countries in the world. At last time such information was about Indonesia and South Korea. I don’t know what’s the things about in this countries but I don’t believe that they will ban anything.
For example in my country, even they don´t want to ban it, they want to tax it. No, not the profits made when exchanging to fiat. The crypto holdings itself....
Do you mean as long as you hold crypto, you have to pay tax, though if you lose money from crypto trading?I am curious. Which county are you from?
I don't think its possible, unless you surrender your information to the authorities. They cannot what you have and how much you have unless you give them information, its how cryptocurrency works.
For example in my country, even they don´t want to ban it, they want to tax it. No, not the profits made when exchanging to fiat. The crypto holdings itself....
Do you mean as long as you hold crypto, you have to pay tax, though if you lose money from crypto trading?I am curious. Which county are you from?
Ofcoures it can, goverment can control everything that happend in their country. If they think bitcoin will likely make their economy not stable they can make rules about it and bann bitcoin
And the citizens of such countries won't have access to bitcoin anymore?
They can, actually. They can still used it secretly, by contacting a person outside the country to trade or convert their bitcoins with fiat. There are many different ways to used it even a country banned bitcoin, you know it's a part of the feature of bitcoins to transact anonymously. It cannot be controlled by the government or any authority.
To think it could be easily to banned bitcoin if the president of the country will urgency stop or banned bitcoin in a country because they found out that country can not gain taxed collection from digital currency. In some bad news attacking bitcoin that is a kind of strategy and purely rumors come from desperate people or haters to slow down the bitcoin price in a market.
Ofcoures it can, goverment can control everything that happend in their country. If they think bitcoin will likely make their economy not stable they can make rules about it and bann bitcoin
And the citizens of such countries won't have access to bitcoin anymore?
They can, actually. They can still used it secretly, by contacting a person outside the country to trade or convert their bitcoins with fiat. There are many different ways to used it even a country banned bitcoin, you know it's a part of the feature of bitcoins to transact anonymously. It cannot be controlled by the government or any authority.
Yes it is very possible it depends on which country it is banned,mostlikely if the president signed an executive order there will be no excuses if a ban happens,look at china mining activities has stopped and gave us a lot of problem because most of big mining companies stopped when the prime minister ordered it.We cant do anything about it when the government will totally declined blockchain technology.
Country can only ban very obvious bitcoin activities such as mining. But not the bitcoin as a whole. They can never ban bitcoin. People with internet access can always do crypto activities even in China. How will a certain country decline a block chain technology when these kind of technology does not require government approval.
For example in my country, even they don´t want to ban it, they want to tax it. No, not the profits made when exchanging to fiat. The crypto holdings itself....
Yes it is very possible it depends on which country it is banned,mostlikely if the president signed an executive order there will be no excuses if a ban happens,look at china mining activities has stopped and gave us a lot of problem because most of big mining companies stopped when the prime minister ordered it.We cant do anything about it when the government will totally declined blockchain technology.
But if Government totally declines blockchain technology that doesn't mean the citizen cannot participate in bitcoin, in as much as the internet still function in the country.
Yes it is very possible it depends on which country it is banned,mostlikely if the president signed an executive order there will be no excuses if a ban happens,look at china mining activities has stopped and gave us a lot of problem because most of big mining companies stopped when the prime minister ordered it.We cant do anything about it when the government will totally declined blockchain technology.
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There are various oppinions and concerns around this, usually if thinking freely and looking at the law you can invest your money in everything you want, or else it is a total dictatorship, the governments and banks however are trying anything and everything to stop people investing freely in something they want, today there were various news around banks stopping wires to transaction to buy cryptocurrency, I think eventually when people do not take shit from governments they can not do anything, coming back to the question, yes governments can start wars with countries, steal peoples moneys and lives as well as banning bitcoin.
They can shut down exchanges but they can't shut down the blockchain. That's what makes bitcoin so great is that it is totally decentralized. They will never be able to stop p-2-p crypto money transfers. However, if they did shut down exchanges it would be pretty back for crypto. I love to see these countries struggle on what to do with crypto.
There isn't one straight answer to this. I think in terms of a legal perspective, yes governments could ban citizens from activities involving the use or trade of bitcoins but doubt this would deter everyone in the particular country not to defy the ban by using VPN and stuff. From a practical perspective, I don't think its possible to actually ban bitcoin out rightly because its not no one country, government or corporation has control of the blockchain. I think they will try to make it as hard as possible for businesses to adopt bitcoin/crypto widely though, at least until they find a way to gain a level of control or monitoring.
Looks like it would be hard for a country to ban bitcoin because it is working as long as you have access to a bitcoin wallet and internet, maybe when they say bitcoin is ban they just make it illegal so people won't use bitcoin because they will be charge fine by doing so.
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 why not?countries can banning bitcoin if they wants
then get a anon coin like deeponion problem solved 
Of course he can. Why should officials accept the law, press a couple of buttons and sign a paper? For example, Belarus prohibits all crypto-currencies. But people still invest in mines. In this and all, and the chip is crypto, that they are absolutely anonymous.
they could but not forever. bitcoin is the future of our money and it uses internet. as long as internet still available bitcoin will still exist. i dont why goverment afraid of it. its good for transaction yet they afraid it. ehat we need is regulation that could make bitcoin not become bubble investment
Governments are actually afraid of it rendering their fiat currency useless or worthless. But for me, i don't think bitcoin can render the fiat useless outrightly. It will rather make life easy.
they could but not forever. bitcoin is the future of our money and it uses internet. as long as internet still available bitcoin will still exist. i dont why goverment afraid of it. its good for transaction yet they afraid it. ehat we need is regulation that could make bitcoin not become bubble investment
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