Can any government ban Bitcoin? - page 2.

goku1525

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Quote from: Pepito Manaloto on April 11, 2018, 06:07:33 AM

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?

We've all seen bitcoin being banned in some countries for some valid reasons so we cannot say anymore that the government does not have the capability to limit bitcoin within the borderline of a certain country. Bitcoin can be used in many ways so there's always a possibility that it would show up as a bad thing for some critics leading to banning of bitcoin.

It depends on the government laws in the countries , If they think bitcoin is useless then governments immediately banned bitcoin. Bitcoin is our provider but still its too risky because of the fluctuations. But if we are reunited to say positive feedback on bitcoin I think it has potential to accept by governments.

chromosomes

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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?

Bitcoin has made a wide noise in the world after reaching a value of almost $20k making it more popular all over the world. The popularity of bitcoin made it look good and bad at the same time so there will always be a chance that it will be banned by a certain government. We should just be careful on how we use bitcoin and share proper knowledge to everyone.

oracleongoodbye

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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?

Any government can declare bitcoin an illegal payment method in their respective country. While they can hardly prevent people from trading their coins, they certainly can make sure no merchant and no store is allowed to officially accept Bitcoin. Since governments are desperate to be in charge of creation of their locale FIAT money via their respective central banks, it is highly likely that some sort of ban might be coming up. The only reason this hasn't already happened is that it makes a government look really, really bad. Especially in the western world politicians keep talking about how "free" their countries are compared to other non-western nations. Outlawing Bitcoin simply doesn't fit all that well with this sort of propaganda. The best excuse they can come up with is that Bitcoin can be used for criminal purposes. Following this logic we would have to ban just about everything since pretty much all kinds of devices, items and technologies can be misused.

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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?

We've all seen bitcoin being banned in some countries for some valid reasons so we cannot say anymore that the government does not have the capability to limit bitcoin within the borderline of a certain country. Bitcoin can be used in many ways so there's always a possibility that it would show up as a bad thing for some critics leading to banning of bitcoin.

laravuemaster

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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?

Of course , there are already a lot of news where the governments in other countries are banning cryptocurrency on their area and even china banned ico's in their place so government can really manipulate cryptocurrency on their own country.

dante golo

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The government in my opinion is very worthy to prohibit the existence of bitcoin due to rapid technological advances,this government must be able to act decisively to improve the economic system of a country and make the population more prosperous.

freesia_pnp888

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there are some , but not totally

Mazda17

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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.

The government may prohibit anything that violates the country but the government is difficult to prohibit the existence of bitcoin enter the country because bitcoin is not a good or paper that is easily prohibited because this bitcoin is a coin that is difficult to stop by anyone but people can use it as long as the person follows the rules provided.

Dr.Osh

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Quote from: Zahrowil Qolbi on April 11, 2018, 02:51:52 AM

of course, it is perfectly possible that bitcoin is prohibited by the government. There are many countries that ban bitcoin because they avoid problems like illegal transactions, tax evasion.

for a country, I think the government can do that. but, for obvious reasons. today there are many people who focus on finding crypto as their income. so, the government can not immediately banned just like that.

Zahrowil Qolbi

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of course, it is perfectly possible that bitcoin is prohibited by the government. There are many countries that ban bitcoin because they avoid problems like illegal transactions, tax evasion.

trimulia

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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?

i don't think so any government can ban bitcoin yeah of course but just ban in their country not all, truthly government can stop bitcoin.

PilosopongTacio

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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, I think they can, They already banned bitcoin in Thailand,China,India, and Bolivia.
Other countries like Russia,Germany even Taiwan developed a policy and regulates the used of bitcoin. Its possible that their government considered alternate currency to be unstable and uncontrolled they have difficulties on how to impose regular taxes on it.
They might also consider the possiblility of Cyber theft that could cause bankruptcy and also the chance of getting into some fraud schemes.

Tusher1234

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Yes.If anyone or any company occur any kind of illegal thing by bitcoin than any government can ban bitcoin for the country....

shawn995

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Indeed there will be conceivable outcomes that legislature can boycott bitcoin. In any case, above all else I figure government ought to likewise consider that bitcoin enable individuals to improve lives as opposed to forbidding it why simply think of some as different reasons and advantages that bitcoin conveyed to the general population and to the economy too. Individuals win and bear to purchase things to manage their day by day needs so a decent impact to the improvement of the general population. Perhaps much better if the administration simply force impose on it so the assessment being gathered from bitcoin can be a wellspring of assets in setting up ventures for the general population.

eriwis

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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?

Some counties ban bitcoin to be used for transactions in their country, such as China, India, Indonesia, Bangladesh, Ecuador, etc.

rohican

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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?

The first Contry which for bids the bitcoin in Bangladesh. Bangladesh began to ban bitcoid used in the country since september 22, 2014 on the grounds that bitcoin could potentially become a place of state official doing money laundring.

MASDAS87

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I think government can bitcoin illegal and it is possible. The government have right to do that. but can not trace who are the using of bitcoin.

Houseman

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I know there are some countries ban bitcoin and also other coins but what i wonder is government will use what kind of method to restrict their people to invest? Like China, to capture the miner or to put out more rules and regulation? Is there any other action taken by other country?

mustafizur8400

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Government can only say its illegal but can't stop people from using this as long as internet facility is available among general people. All functions are done online and has no border.

Souldream

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Quote from: serverus on April 09, 2018, 11:21:38 PM

Government of ones country has the ability to ban bitcoin.just like what china did. Maybe they see some threats that will affect their economy.

Maybe it will happen one day, but i doubt that it will happen in this year becayse now the bitcoin are going stonger and stronger . Manu countries are going to accept it although there's some countries still don't accept bitcoin. The government banned the bitcoin only in their country but not all over the world

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