Can any government ban Bitcoin? - page 17.

btccointalk

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Quote from: nhoj25 on November 27, 2017, 02:57:05 PM

Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?

Yes, the government has the power to ban bitcoins in their own country. They may come up with some harsh punishments if anyone breaks the law.

Henrobakkara

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Quote from: nhoj25 on November 27, 2017, 02:57:05 PM

Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?

yes of course, looks china drama. but they cant stop it cause bitcoin network is peer to peer. i think they didnt know our transaction.

buhchain

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In some countries, government controls the financial markets by banning bitcoin trading because any country fears the financial markets are out of control.

RIYA0001

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Bitcoins are decentralised and are not controlled by government . Government cannot ban digital money it may create a great chaos among people.

alonrono

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Quote from: nhoj25 on November 27, 2017, 02:57:05 PM

Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?

Technically yes but nit a lot of governments will do it.
Also it is very difficult to apply it.

meyklove

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Of course they can, if the government sees that bitcoin will ruin the lives of there people they will surely shut down the site and prevent it to further happen.

butcherme

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I think it is possible for the government to ban cryptocurrency. Websites affiliated with the crypto world could easily be controlled or blocked. Establishments would be forbidden to accept bitcoin as a mode of payment. They may try their best but bitcoin users will find ways to continue their crypto business, it would not be as easy as it used to, however.

lemuelosana

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Quote from: Aleksabit on November 27, 2017, 03:48:58 PM

Eu, like any other state, definitely can not be bitcoin, but it does not have any control from other countries, but if that happens, it will not happen soon enough. Bitcoin is growing and growing stronger ... Grin

I think government can't stop bitcoin because bitcoin is not a illegal and it's not a scam so that nothing can ban bitcoin even i government...

Wipeout2097

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Yes can ban but can not stop it,Bitcoin is centralized it have own network and technology never depend on any one,Bitcoin is future of financial hub where every one can change their lives to make stable future. Government can not chase the Bitcoin and finally will realize that Bitcoin also part of economy which helps for stable economy.

fern123

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Yes it is possible for a government to ban Bitcoin. Actually, there are some countries that banned bitcoin

gipnozi

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Many governments want and can ban Bitcoin because of its use in some illegal transactions. This is one of the main criticisms about the use of bitcoins on a regular basis. This argument in particular was handled by a longtime opponent of crypto-currencies - JPMorgan Chase CEO Jamie Dimon, when he was recently asked about bitcoin at the global Fortune forum.Although the regulatory rules and prohibitions on bitcoins can undoubtedly have a negative impact on popularity and acceptance among the general public, the idea can not be banned. While there are some people who are willing to make efforts to protect bitcoins as currency, they will never be banned completely.

Tonygold1967

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they can try to take away the technology, or try to crawl in and control every step of you acquiring it, but they cant ban, only way government can controll bitcoin is by pretending they were the issuers, hence country/cryptos, i think we will see nationalistic forks and even complete ripoffs of stuff, it's just fun when interesting things unravel

cris17

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Quote from: Lmaooo on November 27, 2017, 03:38:58 PM

Bitcoin is not owned or controlled by any government or corporation. Bitcoin network is peer to peer and fully decentralized.

not fully decentralized, there are big investors who can partly control the price of BTC, and as we see they are doing it quiet good, by using different sort of news.

olubams

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If there is anything we have learnt from the happenings since yesterday is that the role government plays in the propagation of anything is key and that is important and a further fact that government can ban anything as well. From yesterday to this very moment, a lot of hopes have been dashed and I expect more to happen in the coming days but that is not a testimony that this is the end as we are very much far from that to happen.

ejswift

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Yes they can ban btcoin in their country but i think here in mine is not gonna happen because as long as they know bitcoin will not harm people they would not bother bitcoin for banning it because many people are using this cryptocurrencies they got proof

seanskie18

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I think some government can ban it but not all, especially when they already appoved it as a legal way to earn money.

petrov trevor

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They can not ban it, but we have a good proof that they can badly impact it.

niemsarkar

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I think any government can do it because bitcoin transection are mainly online base so if government can ban the server that we can called bitcoin ban.

Michellekking

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That's for sure, and on a recent day, bitcoin and all other COINS have fallen a lot, because the Chinese government has sent a message that the Chinese government is banning bitcoin, which is terrible.

12tribes

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Strictly speaking. No. They may only be able to restrict its functionality and hence fluidity but not ban it. Try banning the internet.... Hahahahaha.

Topic: Can any government ban Bitcoin? - page 17. (Read 3343 times)