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Topic: Can any government ban Bitcoin? - page 18. (Read 3343 times)

full member
Activity: 518
Merit: 101
January 17, 2018, 06:20:28 AM
YES and other countries have been doing and imposing their will on that already and not only bitcoin but alt coins as well. Consider France today as it regulates using bitcoin since they fear about bitcoin to evade taxes, a perfect tool to fund terrorism and criminal acts which is indeed a very strong point.
full member
Activity: 560
Merit: 107
January 17, 2018, 06:12:16 AM
For me, yes any government has their own jurisdiction and rules to ban bitcoin for some reason. Some country is already prohibiting bitcoin because of their cause. Yes, bitcoin seems very anonymous and you can do some evil stuff using it, and that is the main reason why some countries already ban it. Also, bitcoin is a currency even it is digital it still needs to be analyzed by the state.  Smiley
full member
Activity: 268
Merit: 100
January 16, 2018, 04:44:14 PM
The government may not control the bitcoin, but I think they can ban its use in their country/area anytime they please. For now I don't see this ban thing becoming a trend, so it's safe to say it's not likely to happen.
full member
Activity: 298
Merit: 102
January 16, 2018, 04:43:27 PM
Why does the law prohibit the use of bitcoins
This crypto currency can not be approved by the state for several reasons:
Bitcoins are not tied to any particular bank.
This monetary unit has no real value security.
full member
Activity: 700
Merit: 102
January 16, 2018, 04:37:15 PM
Maybe. But they can't ban internet.
if in my country the government is indeed banned, but still the bitcoin is used. but if in my country bitcoin banned it uses a threat that is so scary for its users.
full member
Activity: 784
Merit: 135
DeFixy.com - The future of Decentralization
January 16, 2018, 04:18:19 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, In fact, There are already countries who have banned bitcoin. You can see here the list of the countries where bitcoin is banned: https://www.ccn.com/top-10-countries-bitcoin-banned/ . There are reasons why these countries banned bitcoin, You can see it there to the link that i shared.
sr. member
Activity: 353
Merit: 250
January 16, 2018, 03:33:36 PM
Maybe. But they can't ban internet.
member
Activity: 350
Merit: 10
Fast, Smart, Trustworthy
January 16, 2018, 03:31:47 PM
Can be banned because every possible currency is used by criminals. This is the dumbest thing ever.
member
Activity: 448
Merit: 10
January 16, 2018, 02:56:50 PM
Government do nothing about it. I mean is unstoppable currency, is only you and I. I mean the users of btc say no, and I believe no one here or btc users we say no. Btc has changed people life, even what so called government has not think of. For me btc come to stay for ever.
No I don’t think so any government can ban bitcoin because bitcoin is reducing unemployment in many country and its also playing a very good role in economy of many country so if a currency can do such a great things for a country so then it’s very hard to ban and my country is also going to make bitcoin legal because bitcoin really help to our people and a lot of people have changed their life’s and I’m sure other countries will also make bitcoin legal.
member
Activity: 168
Merit: 10
January 16, 2018, 05:27:32 AM
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?

no they did not ban bitcoin because government has no control to it and most of all many people has now invest to bitcoin,if they ban bitcoin  the people get angry to the government.
newbie
Activity: 6
Merit: 0
January 16, 2018, 05:00:18 AM
The government's prohibition of Bitcoin meant that it would be difficult for Bitcoin trading to become a trend, as everyone invested in Bitcoin for the huge profits it made. The government fears Bitcoin will affect the economy so there have been acts that banned the Bitcoin deal, but only direct transactions, and now everyone on the trading platform to trade so it does not violate the law.
sr. member
Activity: 910
Merit: 252
January 16, 2018, 04:52:47 AM
Nobody can ban bitcoin until government allows internet access to people . Yes there is a possibility by banning interet in north korea or closing exchanges and bitcoin related sites . But it is just government take steps . Even after torrent ban in lots of countries still its working seamlessly .
full member
Activity: 1582
Merit: 101
January 16, 2018, 04:40:27 AM
Yes, of course
If any government think that it would be harmful for his inhabitants he can ban for their people. But if the government think that it has more useful effect than wrong effect it can run the country. There is no force that you have to use BTC.   
newbie
Activity: 56
Merit: 0
January 16, 2018, 04:32:36 AM
I think it's not possible to ban the government bitcoin because it's legally legal and millions of people playing it and are hoping to be rich with bitcoins because bitcoin can help especially when my needs
newbie
Activity: 95
Merit: 0
January 16, 2018, 04:22:27 AM
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.
There is no government that can prohibit Bitcoin from operating globally; they can ban people from using and participating in Bitcoin in the country but in fact Bitcoin is still in the public domain, government can not handle the thing.
newbie
Activity: 56
Merit: 0
January 16, 2018, 03:41:38 AM
The government can ban. Plus, they may not recognize it as a currency at all.
newbie
Activity: 66
Merit: 0
January 16, 2018, 03:31:40 AM
Of course any government can ban the usage of bitcoin anytime they want, but they cant do that without a good reason.
jr. member
Activity: 196
Merit: 1
January 16, 2018, 03:22:20 AM
On my own side, yes, any government can ban Bitcoin especially if they see that the government cannot benefit from it and can cause chaos to their people. Now in my country, the SEC (Stock Exchange Commission) is eyeing people who are engage in cryptocurrency trading.
full member
Activity: 471
Merit: 100
January 16, 2018, 03:12:02 AM
Of course any countries government easily can ban Bitcoin.Because government is very powerful always in this country and all decision is depend on government.Most of the government announced Bitcoin is ban or illegal i know.
member
Activity: 588
Merit: 18
January 16, 2018, 02:57:27 AM
Government do nothing about it. I mean is unstoppable currency, is only you and I. I mean the users of btc say no, and I believe no one here or btc users we say no. Btc has changed people life, even what so called government has not think of. For me btc come to stay for ever.
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