Topic: Can any government ban Bitcoin? - page 3. (Read 3343 times)
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.
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?
Well for me i think yes it is possible for I think that they oppose or they don't like bitcoin because it will be a disadvantage to the government especially that they can't get any taxes to people who has bitcoin or the money they earned in bitcoin.Can the government of any major country step in and do the unlikely?
there are already some countries who dare to accept bitcoin in their country but not a few countries that have banned bitcoin in their country. all return to the readiness of individual countries to be able to accept the risk if indeed they decide to accept 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?
I think no one government can ban the bitcoin because the bitcoin is very powerful and for me it is not illegal. But if all the government helping each other to ban the bitcoin so it has a possibility to ban the bitcoin. I dont want to ban the bitcoin because the bitcoin is my only source of income and I love the bitcoin.
Yes there will be possibilities that government can ban bitcoin. But first of all I think government should also consider that bitcoin help people make lives better instead of banning it why just consider some various reasons and benefits that bitcoin brought to the people and to the economy as well. People earn and afford to buy things to sustain their daily needs so a good effect to the development of the people. Maybe much better if the government just impose tax on it so that the tax being collected from bitcoin can be a source of funds in putting up projects for the people.
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?
Well for me i think yes it is possible for I think that they oppose or they don't like bitcoin because it will be a disadvantage to the government especially that they can't get any taxes to people who has bitcoin or the money they earned in bitcoin. Can the government of any major country step in and do the unlikely?
Bitcoin is not owned or controlled by any government or corporation. Bitcoin network is peer to peer and fully decentralized.
You are correct there dude bitcoin cant be controlled by anything people even the government Because of its quality and features . I think government can only do is make a regulation about how the people use it or make a law that will govern how to use bitcoin.
You are right, government can only impose laws on the user and not the bitcoin system itself as it is decentralized. Plus it runs thru the internet which is today a minimum requirement for almost any businesses, schools, homes and etc.
The government can only ban their people from using bitcoin just like how China does, but they can't ban using the bitcoin all over the world. The bitcoin banning by some countries such as China will never kill bitcoin as it lives on the internet. thus, other people around the world will continue using bitcoin just like me and you now.
Government can do anything. Maybe they cannot make the bitcoin to go away but they can ban the use of it. But i think it unlikely because government can also profit from bitcoin. The fact that people need to convert it to fiat before you can transact has fee so yeah government can tax it and make profit from it
Well, That’s rught. Government can ban bitcoin inside their country but Any Government will not able to prevent their people to access Bitcoin. By using Virtual Private Network or also known as VPN, We can easily access other sites by using other country’s IP address. And that’s what the people doing once Bitcoin banned in their country.
of course governments can ban BTC, INDIA and CHINA did,for their own reasons, governments can consider BTC a threat to the national interest and ban it, there is absolutely nothing stopping them
Yes, of course, this can occur, but I think it is very unlikely right now.
EU will Not Regulate Digital Currencies like Bitcoin: http://www.newsbtc.com/2016/01/26/eu-will-not-regulate-digital-currencies-like-bitcoin/
Federal Reserve Chair: US Central Bank Can't Regulate Bitcoin: https://www.coindesk.com/federal-reserve-chair-us-central-bank-cant-regulate-bitcoin/
China: Banned facebook, twitter, snapchat, gambling, people in the Chinese military are not allowed to access the internet, google,... So I think it is an achievement for BTC that it is "banned" in China
EU will Not Regulate Digital Currencies like Bitcoin: http://www.newsbtc.com/2016/01/26/eu-will-not-regulate-digital-currencies-like-bitcoin/
Federal Reserve Chair: US Central Bank Can't Regulate Bitcoin: https://www.coindesk.com/federal-reserve-chair-us-central-bank-cant-regulate-bitcoin/
China: Banned facebook, twitter, snapchat, gambling, people in the Chinese military are not allowed to access the internet, google,... So I think it is an achievement for BTC that it is "banned" in China
The countries that you have first mentioned are democratic countries. It almost there to understand freedom of using Bitcoin. China is not a democratic country as we all know. And assets of Its nationalities should be transparent to them. They will give punishment to their people who will not follow them. So lucky are the people of China who live outsize their country. That they Will not be punished of using Bitcoin because it is free for them to use it outsize their country China.
I am a newbie and don't know much about btcs anyway even experienced member couldn't tell because btcs are totally unpredictable
As much as I would like to think about it, I think that States still have such an opportunity. Especially at their cooperation in the solution of this question. On this moment think in this there is no such need.
Of course this can and should happen because there are greedy and centralizing governments and they will not allow their governed people to make a fortune without contributing taxes and jeopardizing the money-making machine of the banks that exploit people
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?
Of course its possible to any government to ban bitcoin but i don't think so it is possible why because bitcoin has great features and its highly secured one.
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?
It is definitely a yes. Governments of every country can ban the bitcoin in their land because they have the right todo it so. The role of them is to keep their citizens and even their country safe so if the governments of each country see something wrong about welcoming the bitcoin they will be against it.
this topic is posted when bitcoin begins to rise slowly to the highest price and after the issue of bitcoin ban in korea the price has dropped and added by the media and india ban at the moment bitcoin price is getting dropped
and now I think the government can make a ban for bitcoin for some reason even though the government can not break the bitcoin network
and I hope this does not last long and not followed by other countries because this will make bitcoin lost direction
and now I think the government can make a ban for bitcoin for some reason even though the government can not break the bitcoin network
and I hope this does not last long and not followed by other countries because this will make bitcoin lost direction
Now banned after all replay and legalize cryptocurrency. This is inevitable and cannot be avoided, the so-called new world order.
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 the government can completely ban bitcoin, which is very hard to do. When the government bans bitcoin, it can still trade through the bitcoin network. Bitcoin is anonymous and decentralized, and the government has no control over the bitcoin network. Can the government of any major country step in and do the unlikely?
Arab countrys like a Turkey and others one ban bitcoin already i do not known why but they did it , Russia before ban bitcoin always but now i see they make bitcoin and ico in legal sector respect them for that.
technically the government may not be able to stop bitcoin, but the government can stop by enacting a rule that prohibits bitcoin transactions as a medium of exchange, but bitcoin should only be used as an investment commodity.
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