Topic: Can any government ban Bitcoin? - page 21. (Read 3343 times)

In my thoughts every government of every country has a right to ban bitcoin,but in the second place they must review the situation of how bitcoin can help the progressing the economy growth of every country and mostly the rate scenario of jobless will turn to smallest percentage,so why they should turn to ruined there economics  if they should find out the importance of bitcoin in there economy,and the capitalism will grow.

Yeah it can be banned by any government.They can ban it but can't control it.Either they ban it or not that won't make any difference .Like in my country bitcoin is banned by government but still we are using this

Of course they can. Mostly there are gouverments who already controlling the internet and censor everything. So for them its not difficult to forbidd or censor some sites on the internet. Bolivia, ecuador, Kyrgyzstan, Bangladesh, Nepal and Morocco already forbid cryptocurrencies in their country.

Of course government can ban cryptocurrency but it wouldn’t do it. There is no sense in it. If a man has access to the Internet and possibility to go abroad governmental ban wouldn’t touch him at all.

As of now government could not see any reason bitcoin is creating a bad effect to its people. They are also already using bitcoin for convenience and to earn additional income. A government may ban bitcoin if its doing hard to the country and to the individuals.

Yes there are many countries whose government has banned cryptocurrency because of their security issues. Although bitcoin is very confidential and it's transactions does not involve any third party seizure but in spite of all these facts, BTC is not yet centralized and thus government has no control over it and this is the reason BTC is involved in many criminal activities and this is the reason why government has banned it but in future when it is accepted world wide then it will no longer involve in criminal activities.

Yes the government of every country has right to impose their rules and regulations according to their wish. The Bitcoin can be ban by any government under his country. But the people can be use Bitcoin either it is ban. The peoples are going crazy in investing in Bitcoin for their better future and good lives. The price of Bitcoin is growing in a fast way that the investors is earning too much money from Bitcoin that they becomes millionaire in very short time.

Absolutely yes they can. The government has the power to implement any laws in their jurisdiction. If they find it as a threat in their society perhaps they will find a way to prohibit the use of bitcoin. Some government tried to stop bitcoin but they failed. Bitcoin is becoming stronger as the time pass.

Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin wallets and sending each other bitcoins. If there we to block all the websites that people can download Bitcoin wallets from, new ones will come up and some people will compile their own wallets from source code - Bitcoin is like Bittorrent is that respect. If they shut down the internet, people will send each other Bitcoin via SMS and if they shut down the electricity supply, people will use solar and battery-powered solutions.

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This is very unlikely in my opinion.
On theory this is possible, but I do not think it makes sense.
Because they can try to control it and earn  from it.

Yes it is possible!
Government is having a full control to all the transaction in a country, they can do whatever they want to any entity, group or any agency that they think might jeopardize the national security of the country.

They really do can put a ban on it but they are never going to be able to actually ban it. There will always be bitcoin users in a country. There will always be VPN users and it will rather be shocking to see an ISP giving your Internet history to the government just so they can catch bitcoin users. I think the government sees bitcoin transactions are pretty much just transactions that are not announced to them. But how is that different at all to other transactions going on. I mean the transactions that we do that we don't really declare. Like if someone mowed your backyard and you paid them $20, do you really declare that on your tax statement? I think it would be so hard for an individual to keep track of all these transactions.

But of course these are not a problem to the government at all since they are mostly in small denominations. On the other hand, there surely are other people that are not bitcoin users that aren't paying tax at all. It becomes a big deal to the government when an individual is getting all of his money from his cryptocurrency earnings so I wonder how are the other online workers any different. Those people that are selling bugged digital goods and other stuffs on the Internet, how are they not banned.

How are they angry to bitcoin users but not to online workers?

Of course, the government can ban bitcoin to its people by making a rule. But the government can not ban the circulation and transactions used by bitcoin holders.

Yes! They can ban bitcoin, because bitcoin doesn't pay taxes in the government that's why the government are angry in the bitcoin but when the people pay taxes the government will allow it.

I don't think that any government can ban Bitcoin because here a recent example of last year legalisation of Bitcoin by the Japan government is clearly showing that what the Bitcoin is because Japan is that country which is at the topper in case of technology and and also development , so here we can expect that they can stop Bitcoin by better technology but they realise after better analysis that Bitcoin cannot be stop and also it can't be ban because people will still use it for their profit by using vpn or another services .
So they regulated it , with this example of Bitcoin legalisation in Japan we can make ourself sure that there no chance of Bitcoin ban in those countries where Bitcoin is not legalised yet.

Small amounts of hidden transactions with digital money, this is acceptable in the first place, but it will be difficult to get tax and follow up the crime with the growth of the amount. I think authorities will go to the regulations to bring the end of the line.

Yes they can ban it if many users of bitcoin do illegal activities. If they used bitcoin to legal activities maybe government will not ban or regulate it.

I think there is a big possiblity that some government may ban Bitcoin given the fact that it is not taxed. Big transactions are taking place in Bitcoin so therefore it should pay taxes. Here in our country, Philippines, the organization (UCPB) that is responsible for currency advices us to be careful in enganging with Bitcoin since they are not regulated it. They are not totally banned Bitcoin but gives as a reminder about it. I think governments will not banned Bitcoin as long as it is taxed.

Every country in the world can ban Bitcoin in its jurisdiction but they can not really stop its citizens because there are so many ways to access Bitcoin if people insist on using it.

I do not see any reason for any government in the world to ban Bitcoin because this is not an illegal type of digital money even though bad people can do different types of cyber crime with it but that is not a valid reason for me because FIAT money can use also in doing bad activity.