Topic: Can any government ban Bitcoin? - page 28. (Read 3343 times)
Banning of bitcoin in one country is the discretion of its government. There are government entities wanted to ban bitcoin to protect their currency as well as their economy just like china did. But of course for sure many investors would still invest even their government ban the coin in their country for sure they will find a way to invest.
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?
until now I do not know how the government forbids bitcoin in his country, I know there are currently some countries whose governments have not legalized bitcoin as legitimate currency in the country
to me the government could have banned bitcoin. because the government is the administrator of our country for the country to grow well.
every government also has the right and authority to act whatever they want.
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?
until now I do not know how the government forbids bitcoin in his country, I know there are currently some countries whose governments have not legalized bitcoin as legitimate currency in the country
Do not forget that bitcoin is not only a currency. This technology. Nikoiu knows what will end this excerpt. It is in the interests of the state to develop and modernize innovations. Given the trend towards bitcoin growth and its increasing popularity with the government, it is not advantageous to prohibit bitcoin. More than that, some of them themselves keep their assets in bitcoins and others
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?
Yes any government can ban bitcoin in their respective countries just like what Indonesian President did He ban bitcoin in their country as per news that the purpose of banning is to protect their economy and their currency. It depends on the government of each country if they will allow the existence of bitcoin in their country.
I think any government can not ban Bitcoin but they can tax it of course. Maybe I'm mistaken but Australia has taxes over Bitcoin Gainings.
Besides taxing issues, Governments can restrict to access Bitcoin Markets in the country or worldwide by limiting the internet access to those websites.
In Turkey we lived that restrictions sometimes in Youtube or Twitter.
Besides taxing issues, Governments can restrict to access Bitcoin Markets in the country or worldwide by limiting the internet access to those websites.
In Turkey we lived that restrictions sometimes in Youtube or Twitter.
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?
They could ban it in the sense of declaring possesion of Bitcoin illegal.Can the government of any major country step in and do the unlikely?
However they can't really block it. It's simply not possible to do without blocking the Internet.
Even if they try to seriously cripple the experience by blocking all Bitcoin-related services, people can always use some sort of circumvention technology like VPNs or Tor to access such services.
I'd say that it's pretty much unstoppable.
Of course the government can ban the use of bitcoin but it must be through legislative decisions, the government can not directly ban the use of bitcoin without going through the process. But unlike the communist government they organize the nation's economy so tightly that bitcoin will surely run counter to their rules so that most of the communist countries ban bitcoin.
in my point of view,i am not agree that bitcoin can be banned by government.as bitcoin is peer to peer network,it is quite impossible to ban bitcoin form this world.as long as we give value to bitcoin,it will exist forever.
Yes they have this right. The are the ruler so of course they can do it. I am not sure but this kinda banning stuffs maybe causing problems in the road of becoming more famous of bitcoin and maybe it is faicing price fall. I dnt knw why they do this. This is an asset. So we all should make its best use.
Of course they can. If they the government thinks that bitcoin is a threat to the financial system of a country, they can banned any transaction and use of bitcoin. But to think that it is now opposite. Because of its popularity, they want to regulate the flow and use of bitcoin.
Well..yeah...
But only they can do it on the field they cover...
But not on everything....
But only they can do it on the field they cover...
But not on everything....
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?
Yes bitcoins can be banned by the government and as a matter of fact the Chinese government already banned bitcoins in their country and i do not have an idea if it is banned till now but those banning makes the bitcoins fall. I that time bitcoins are struggling and a lot of people are panicking and selling all their bitcoins but look what happen after a month bitcoins came back with a tremendous rise and those people think that the bitcoins are that easily to destroy they are all wrong
It is unlikely for now. But there are countries where bitcoin is banned. They ban it when bitcoin was not so popular. But at present time it's rearly possible that any country would ban bitcoin.
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?
this is very funny bitcoin is a digital currency that can not be controlled by anyone because the demand and enthusiasts are very high bitcoin make the circulation bitcoin difficult to be ban.
The government is unlikely to cancel bitcoin, since it already contains services and payments. But to impose various taxes can very well. I think in some countries this is already observed.
No bitcoin cannot be banned by any 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?
They could ban it in the sense of declaring possesion of Bitcoin illegal.Can the government of any major country step in and do the unlikely?
However they can't really block it. It's simply not possible to do without blocking the Internet.
Even if they try to seriously cripple the experience by blocking all Bitcoin-related services, people can always use some sort of circumvention technology like VPNs or Tor to access such services.
I'd say that it's pretty much unstoppable.
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.
I`m agree. They just can make a regulation about it.
And that is for the sake of the country itself as well. They need get some taxes for the life of the country. Or they just need a time to make their own cryptocurrencies.
Yes it is possible that government may ban Bitcoin because the government may be able to control the cryptocurrencies once it is Centralized. And if they are not able to control them and would not be centralized then there is a possibility it could be banned.
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