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Topic: Can any government ban Bitcoin? - page 25. (Read 3343 times)

newbie
Activity: 31
Merit: 0
December 27, 2017, 06:29:53 AM
they can do that, they have the control to ban Bitcoin for various reasons they make, now they are incessant incessantly forbid Bitcoin,
but on the other side, they are lyrics Blockchain Technology...
member
Activity: 70
Merit: 21
December 27, 2017, 03:22:01 AM
NO. Not all governments can ban Bitcoin.

There are hundreds of useless governments across the world that are corrupt and in financial shambles or war (Syria, Venezuela, for instance).

Some African country I've never heard of (forgot name) has declared Bitcoin illegal, but they can't enforce it due to their corruption and inability.

Only the strong governments can enforce a Bitcoin ban.

If the US government said "Bitcoin trading is illegal in the US", I would have to sell my stash.
full member
Activity: 266
Merit: 100
December 27, 2017, 03:16:30 AM
of course, they can do that, they have the control to ban Bitcoin for various reasons they make, now they are incessant incessantly forbid Bitcoin,
but on the other side, they are lyrics Blockchain Technology...
newbie
Activity: 24
Merit: 0
December 27, 2017, 03:15:48 AM
Bitcoin is not owned or controlled by any government or corporation. Bitcoin network is peer to peer and fully decentralized.  t
It cannot be controlled directly by the governments, therefore, it cannot be banned. However, they can impose certain restrictions on its usage. They can discourage users from using or joining the BTC. Similarly, if there is a strong regulator in any country then it can be banned accordingly. On general note, it cannot be banned.
full member
Activity: 728
Merit: 131
December 27, 2017, 03:10:33 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?
The government can step into bitcoin and ban it on their country, it is their right to do that like to a person who can have persona non-Grata.
government is the ruler of any country which allow and dis-allow the thing or any for the good of the citizen or just a single want.
member
Activity: 98
Merit: 10
December 27, 2017, 03:07:14 AM
Maybe yes, other most of the country has been yet legalize. Few of them, but in our country, even the government dont know what bitcoin means. And i think it is possible to be ban if they know it.

Yes, posibility is always exist between us. In this case, government can ban bitcoin for any reason.
I agree with you, if government know bitcoin maybe they will ban it. I hope not
Government that have made a clear study will surely understand the need for the same and will accept it. Government might tax the usage of bitcoin, but this will not cause for the ban of bitcoin. Because this has been making an inflow of traditional economy within the country.
If some countries have started taxing the bitcoins, then the people must get very happy about it, because it will lead to the legalisation in the trade and transactions will be possible through online wallet. Moreover, in some countries, there are doubling or even tripling of the tax on the people, so I think by this, that doubling of taxation will also be encountered. Small businesses will start accepting the bitcoins and the price will go high which will benefit other parts of the world as well.
newbie
Activity: 35
Merit: 0
December 25, 2017, 12:14:44 PM
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.
newbie
Activity: 42
Merit: 0
December 25, 2017, 12:14:10 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?
At the current stage, there is hardly a technical opportunity to close the bitcoin. If the government wants, it will affect it legislatively - will do so that using bitcoin will be dangerous and not profitable.
member
Activity: 122
Merit: 14
December 25, 2017, 11:52:01 AM
Yes of course a government has a poverty to control the financial system of their country. and bitcoin is also part of that and government had the choice. But i dont think a country has a posi mind with open economy never done a thing such like that beacause bitcoin is a symbol in financial growth in nowadays
hero member
Activity: 2520
Merit: 783
December 25, 2017, 11:49:21 AM
Any governments can ban bitcoin if they want to because they have the power to create a law that the people will obey because the government is a kind of organization that is the leader of the country and everything that the government tell the people to do should be obeyed or else they will end up in jail.
copper member
Activity: 455
Merit: 0
December 25, 2017, 10:50:59 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?

It could happen, but it takes a long time for it to happen. Bitcoin is a free market is very difficult for the government to control it.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
December 25, 2017, 10:34:23 AM
Maybe yes, other most of the country has been yet legalize. Few of them, but in our country, even the government dont know what bitcoin means. And i think it is possible to be ban if they know it.

Yes, posibility is always exist between us. In this case, government can ban bitcoin for any reason.
I agree with you, if government know bitcoin maybe they will ban it. I hope not
Government that have made a clear study will surely understand the need for the same and will accept it. Government might tax the usage of bitcoin, but this will not cause for the ban of bitcoin. Because this has been making an inflow of traditional economy within the country.
newbie
Activity: 163
Merit: 0
December 25, 2017, 10:31:56 AM
It seems that the government is not able to ban bitcoin at present. Although some governments do not like it. Because bitcoins are bound to the Internet. Unless the Internet is closed. Otherwise, the bitcoin will not be completely banned!
full member
Activity: 280
Merit: 101
December 25, 2017, 10:31:15 AM
Maybe yes, other most of the country has been yet legalize. Few of them, but in our country, even the government dont know what bitcoin means. And i think it is possible to be ban if they know it.

Yes, posibility is always exist between us. In this case, government can ban bitcoin for any reason.
I agree with you, if government know bitcoin maybe they will ban it. I hope not
full member
Activity: 476
Merit: 103
December 25, 2017, 10:27:11 AM
Yes any government can ban bitcoin. If a country's government found increase in illegal activities or the value of bitcoin goes very high as compared to country's currency then also government can ban the bitcoin
For that government can ban or close the exchange services.
full member
Activity: 350
Merit: 100
December 25, 2017, 10:20:30 AM
Maybe yes, other most of the country has been yet legalize. Few of them, but in our country, even the government dont know what bitcoin means. And i think it is possible to be ban if they know it.
full member
Activity: 392
Merit: 100
December 25, 2017, 10:17:27 AM
they can, but they just can banned bitcoin in they country
yes they can but they are quite difficult to prohibit bitcoin running in the country-state. so the news that has been circulating about bitcoin is sometimes true, and sometimes not true or hoak. so it's up to you to believe it or not it's our right.
newbie
Activity: 213
Merit: 0
December 25, 2017, 10:05:04 AM
they can, but they just can banned bitcoin in they country
full member
Activity: 420
Merit: 106
December 25, 2017, 09:55:45 AM
Yes, I think any government can ban bitcoin in their countries, as they have the power required to do so. As you may know there are some of the countries where bitcoin is not legal. But I don't think there would be much of a reason to do so for any government, bitcoin is growing and the number of people who want to invest in it keeps on increasing. So, even if it gets banned I think there would bs a huge number of people still owning btc.
sr. member
Activity: 574
Merit: 251
December 25, 2017, 09:54:18 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?
Of course they can, while they can't stop it completely but they can force the majority to stop using it. They can close the exchange on the country and the people over there have no means of cashing out their assets and forced to stop using crypto.
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