Topic: Can any government ban Bitcoin? - page 23. (Read 3343 times)
Yes, any government (like China) can put a ban on Bitcoin but cannot stop Bitcoin or kill bitcoin as Bitcoin is decentralized and uses peer to peer tech to communicate.
yes mate they can but why would they ? is there something wrong in BTC ? nothing's wrong right ?
The government it's indeed can be ban all related activities on bitcoin, and applying the rules of law and sanctions imposed for its citizens who continue to doing so, but I don't think that until the all governments of each countries will banning it entirely, they certainly have a different opinions and responses positive or negative about that.
Actually indeed.. this digital currency is so special & feels inappropriate to be banned, but yeah.. everyone has a different thoughts. If in this world the all people are a good people, I'm dare guarantee.. the whole governments will not thinking at all a bad impacts of bitcoin that would be happens from a various things.
They are also protecting their country in using bitcoin terrorist might use crypto currency to support the activities of terrorism in their country like the accusation ISIS supported part of their funds coming from crypto currency and each country has their own rule and regulations on how will they prevent it. Actually indeed.. this digital currency is so special & feels inappropriate to be banned, but yeah.. everyone has a different thoughts. If in this world the all people are a good people, I'm dare guarantee.. the whole governments will not thinking at all a bad impacts of bitcoin that would be happens from a various things.
The government it's indeed can be ban all related activities on bitcoin, and applying the rules of law and sanctions imposed for its citizens who continue to doing so, but I don't think that until the all governments of each countries will banning it entirely, they certainly have a different opinions and responses positive or negative about that.
Actually indeed.. this digital currency is so special & feels inappropriate to be banned, but yeah.. everyone has a different thoughts. If in this world the all people are a good people (no criminal brain, fraud's thinking,negative activities) with bitcoin, I'm dare to guarantee.. the whole governments will not thinking at all a bad impacts of bitcoin that would be happens from a various things.
Actually indeed.. this digital currency is so special & feels inappropriate to be banned, but yeah.. everyone has a different thoughts. If in this world the all people are a good people (no criminal brain, fraud's thinking,negative activities) with bitcoin, I'm dare to guarantee.. the whole governments will not thinking at all a bad impacts of bitcoin that would be happens from a various things.
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?
Can the government of any major country step in and do the unlikely?
They can do that. And several countries have done so already. I think they are either threatened with the fast rising of support for Bitcoin or the government, the financial advisers in particular, are not well-informed about Bitcoin and blockchain. If they are threatened, that means they indirectly accepted the fact that the force of Bitcoin is already strong that it may cause a certain level of significant shake-up of the system. If they are well-informed about blockchain and Bitcoin I cannot think why they will not support it. They must be threatened.
Look at the explosion of DEX decentralized exchanges...BTC is decentralized and it always prevails. Cheers!
There will be possibilities but it will be applicable in some countries that had already banned BTC in their locality. The government find BTC as nuisance in some economic aspects. They also disagree about depending in the E-cash because banks that the government hold will lose it's power if E-cash wield strong against money
I think the government cannot ban bitcoin totally but they could find a way to cut or stop its transactions inside its country such as ordering banks not to accept bitcoin as a payment or they could stop the exchange by shutting down the place or the application.
Actually banks don't accept yet the payments in bitcoin. The government can stop exchange sites the US government had already stopped the operation of bitfinex.
I think the government cannot ban bitcoin totally but they could find a way to cut or stop its transactions inside its country such as ordering banks not to accept bitcoin as a payment or they could stop the exchange by shutting down the place or the application.
No government can't ban bitcoin because its not handled by any government and also its founder or who handle it are not yet been found.
Yes the government has authority to do this implementation if they have basis on doing this.
Since the company and management of bitcoin is a legal entity I think it is not easy for them to banned bitcoin in their countries since there is a process that should be follow and the bitcoin will prevail its right against to the government.
Since the company and management of bitcoin is a legal entity I think it is not easy for them to banned bitcoin in their countries since there is a process that should be follow and the bitcoin will prevail its right against to the government.
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?
My personal view, yes, one government can control Bitcoin. There are countries right now that banned bitcoin. Anyone who will be caught doing transaction in it will be put to jail. I hope these countries will open up their minds that Bitcoin gives more advantages to the people. Can the government of any major country step in and do the unlikely?
Of course the government can ban bitcoin as it once happened in the Chinese government there is a ban on bitcoin so as to cause bitcoin prices to fall. the government usually forbids bitcoin because bitcoin is considered to weaken currency exchange rates in the country, can be used for criminal transactions such as buying drugs and money laundering so the government prohibits the use of bitcoins.
The government can only Prohibit but can not stop bitcoin. As with his Drugs they can only prohibit but difficult to stop the raid.
Bitcoin can never be stopped, because the user and the storage is hard to track.
So it's useless if the government forbids bitcoin because bitcoin will stay behind the impenetrable curtain.
Bitcoin can never be stopped, because the user and the storage is hard to track.
So it's useless if the government forbids bitcoin because bitcoin will stay behind the impenetrable curtain.
the way i see it, they all have the power to do it if they see its a threat to the country. Well certain countries have done it.
but of course, this still depends on the type of government the country has
Countries are not to deny bitcoin almost but they have also not yet been endorsed bitcoin being a legal currency in their countries nor bitcoin requires endorsement of a country/institution, but it doesn’t mean that a government can ban bitcoin in the country. but of course, this still depends on the type of government the country has
Bitcoin has kept continue business across the world by well of the masses although some countries has banned on exchanges but they cannot imprison bitcoin completely because bitcoin has spread virtually.
I have to say that there is no government has the power to ban Bitcoin, the most possible thing they can do is to ban their people to use bitcoin by issuing a regulation against bitcoin. Even if they do such thing, their people will be still able to access/use bitcoin as it is an online thing unless the government ban the internet as well 
Governments have the power to legislate and that's all they need. Governments can require any transaction using bitcoin be reported and the person transferring the bitcoin can can be made to show proof of the price at which it was acquired. Put money in a checking account and the bank must issue a 1099 if a person receives any interest. Us a bitcoin anywhere in non-black market commerce and the government will have the power to regulate it. Bitcoin activity in blackmarkets can't be controlled but that may not be of much use to most people. As the US keeps issuing more and more Fiat money, bitcoin could continue to rise but, the day it is ever transferred to buy something or pay for service, capital gains taxes will be due. Engage in a transaction and do not report your gain and you are placing yourself in jeopardy. Take your chances. Do what you want but, you must know the law and know the consequences if you choose to ignore it.
Only the government have the rights or have the authority to ban using and buying Bitcoins. They cannot destroy Bitcoin because it is a program that is fixed. They can only destroy it by banning it.
on what basis, what because the government can not levy a tax is forbidden, or something else ..
is not this investment in the responsibility of the investor alone if there is a loss, and why the state should ban it is irrelevant
is not this investment in the responsibility of the investor alone if there is a loss, and why the state should ban it is irrelevant
I have to say that there is no government has the power to ban Bitcoin, the most possible thing they can do is to ban their people to use bitcoin by issuing a regulation against bitcoin. Even if they do such thing, their people will be still able to access/use bitcoin as it is an online thing unless the government ban the internet as well
Probably yes, as long as there are threat that seeing the government out of it. But it is impossible, because government can use it too. Bitcoin is not align to government, the government itself can ban bitcoin on to using by people around to it.
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