Can any government ban Bitcoin? - page 10.

Nivir

hero member

Activity: 868

Merit: 506

Quote from: svetochka.yakovleva.93 on March 26, 2018, 05:04:42 AM

Can prohibit non do not think that it will be done to the detriment of those who still want to participate in bitcoin. There are many exits to bypass the system.

Yep, governments cannot stop hose people who still prefers to use bitcoin anyway. It is concerning though if a government will ban bitcoin in its country because buying and selling might become more expensive and time consuming unless there are lots of people doing p2p.

svetochka.yakovleva.93

member

Activity: 266

Merit: 10

Can prohibit non do not think that it will be done to the detriment of those who still want to participate in bitcoin. There are many exits to bypass the system.

dipok07

full member

Activity: 336

Merit: 100

Bitcoin is not a currency issued by any country. It can not be closed if a country wants a government. However, it can enforce laws against users.

JASON@BTC

newbie

Activity: 5

Merit: 0

Yes, government can ban bitcoin. Thus, if government evaluates the negative impact of bitcoin to its people but for now though we told ourselves that bitcoin is decentralized,we cannot assured the intervention of the government if they want to and sees something illegal.

BTCsuccessor

newbie

Activity: 73

Merit: 0

i argue that bitcoin is stronger in a few years or day. but don't be complacent today, we don't know what is happened today or the other day. Bitcoin is not owned or controlled by any government or corporation.

An0nyMoose

sr. member

Activity: 490

Merit: 255

Even if they ban it they cant stop someone from using Bitcoin as it is a decentralized currency and theres no single person/organization controlling it and theres no way for government to detect if someone is using Bitcoins. Plus theres always going to be a country who will be crypto friendly.

jayveerastrullo

jr. member

Activity: 266

Merit: 1

Government doesn't give attention to bitcoin because it is just a cryptocurrency and it really don't effect the market today. But if there citizens been scammed then government might ban bitcoin for the greater good. Government just want to help his people.

d_fitrie

full member

Activity: 589

Merit: 100

the government has the control to ban bitcoin, but the ban must have clear and factual reasons
I am sure bitcoin will continue to be accepted in all countries because of the bigger users

MigoAmigo

newbie

Activity: 70

Merit: 0

Bans can be placed on bitcoin if a government sees fit but that does not mean people from that country will stop using it because you cannot ban the internet so the governments are just better off putting regulations on it.

fernandoaleixo

jr. member

Activity: 126

Merit: 4

Community Manager at Bitsurf.eu

They can but they can't control what you do (unless you live in a real dictatorship), as you have means to mine and keep your money on international wallets, and extract in the same way, it will be impossible for you to do certain activities tho.

brontosaurus

sr. member

Activity: 441

Merit: 250

Quote from: Erkallys on November 27, 2017, 03:40:41 PM

They can not actually ban it by making it unable to to be reached, but however any state in the World can perfectly make it outlaw and then sentence anyone who would be caught using it. Hopefully the fashion is more to the legalisation lately than the ban.

That's what I also feel!!

Completely banning the crypto from the market would be like boiling the ocean!! It's because we know that crypto market is totally decentralized with nobody to control, backed only by the blockchain network. Right now we do not have such high levels of technology in existence that can obstruct the blockchain network.

So, legalization is the only option the governments are left with. It has nothing to do with the work we do here. The only impact of legalization that most of us fear here in the community is imposition of taxes on bitcoin income. It is hard to believe that this is gonna happen sooner or later. we need to accept this fact ASAP!!

vila_is_will

newbie

Activity: 49

Merit: 0

If the goverment can ban bitcoin , bitcoin is not bitcoin !

Lilmon

full member

Activity: 475

Merit: 100

Governments have the liberty to ban BTC if they feel like its a threat to the national interest, they however have to be in possession of concrete evidence of the risk BTC posses, some government have so far banned BTC or managed to limit its usage

Roxyy

newbie

Activity: 45

Merit: 0

Government of individual countries can completely prohibit the circulation of cryptocurrencies in their country and some countries have already done so, Most recently bitcoin was completely banned in Kuwait. There, apparently, were frightened of its sharp rise in price. However, Judging by the situation with the ban on cryptocurrency in china , such a ban is ineffective, since the state can not fully control its ban. After all, there is a cryptocurrency on the internet and it's not so easy to ban it.

454875kio

newbie

Activity: 93

Merit: 0

The government can of course prohibit Bitcoin. Of course, this is not used, because Bitcoin is distributed. We can still use Bitcoin regardless of policy conditions and Bitcoin users are anonymous. Supervision is impossible

klebsiella

full member

Activity: 392

Merit: 100

Yes, the government can ban bitcoin and there are some countries where bitcoin is banned already. The ban could mean transactions like payments and exchange of bitcoin will no longer accepted in their country and some imposed punishments if they do so. This means that the government can harm the bitcoin economy.

Saiful Islam777

newbie

Activity: 238

Merit: 0

The government is a regulator of the country. Therefore, if the government wants it can ban it. However, in the past, the discussion on crypto currency is underway and it has no restrictions on controlling it.

Alexis.Nick

jr. member

Activity: 84

Merit: 2

Yes of course any government has this power to not allow any kind of industries, business or even people to enter in their jurisdictions. If I am not mistaken the most popular country that ban bitcoin is the china then many more countries follows. Well they have their different reasons why did they ban bitcoin in their land and we cannot do anything about it because that is their choice and decision. Somehow we are still hopping that their decision will change. Just imagine that if they will change their mind it is just like an additional users for bitcoin. And we all know that additional users will come up with additional investments and demand then the value will increase again.

jorse

member

Activity: 151

Merit: 10

Hello ... everybody, this topic very interesting for me, So in my opinion ...Not only can, even already many countries that prohibit this currency, one of the reasons is this currency can reduce the value of the country's own currency, Can be said not profitable for the country. whereas in my opinion can be opened special business opportunity in digital currency (Cryptocurrency) if only the state government approves it.

bigbosma

member

Activity: 378

Merit: 10

I think there is no need for all countries of the world to completely ban bitcoin. It's stupid. Yes, there are some States that currently banned bitcoin in their country, but I am sure that the whole world will not do it.

Topic: Can any government ban Bitcoin? - page 10. (Read 3343 times)