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Topic: Can any government ban Bitcoin? - page 31. (Read 3343 times)

full member
Activity: 560
Merit: 102
December 19, 2017, 06:58:49 PM
I think to block government bitcoin should require a very hard effort. because the system on bitcoin is very difficult to break because it is very safe. maybe hackers also can not do that.

Yes of course government can banned bitcoin to not use bitcoin of many people in their country because they want to control all the things and some of them want to protect their people in harm in bitcoin that can do. Also some governmenr want regulated and obey to their rules and laws, that bitcoin cannot gives.
yes, the government has full power to determine the legality of cryptocurrency, especially bitcoin. and that's what's currently happening in some countries. there is a banned, there are only prohibited as a payment but not forbidden to have it / investment.
sr. member
Activity: 868
Merit: 256
December 19, 2017, 04:43:54 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?

Yes ofcourse. Other government actually banned Bitcoin in their countries. Bitcoin is decentralized and it is not controlled by the government so that other governments always tend and pushing to blocked bitcoin in their country. In their thoughts and minds, Fiats will be replaced by Bitcoins and physical money will be useless if bitcoin will enter in their country as well as the governments will not be usable because Bitcoin will destroy the banks. But, Bitcoin users still accessing bitcoins by using VPN (Virtual Private Network). This application or software can hides the real IP address (Internet Protocol Adress) of the user and it will replaced a new IP depended on what user what country will she/he would like to. Indeed, Bitcoin can be banned in their country but accessing bitcoin cannot be prevented.
hero member
Activity: 1498
Merit: 586
December 19, 2017, 02:27:35 PM
I think to block government bitcoin should require a very hard effort. because the system on bitcoin is very difficult to break because it is very safe. maybe hackers also can not do that.

Yes of course government can banned bitcoin to not use bitcoin of many people in their country because they want to control all the things and some of them want to protect their people in harm in bitcoin that can do. Also some governmenr want regulated and obey to their rules and laws, that bitcoin cannot gives.
full member
Activity: 258
Merit: 101
December 19, 2017, 02:19:02 PM
I think to block government bitcoin should require a very hard effort. because the system on bitcoin is very difficult to break because it is very safe. maybe hackers also can not do that.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
December 19, 2017, 01:22:44 PM
The answer to this question is a "yes". Considering the fact that the currency is not regulated by the government, some are finding it very difficult to accept while some are looking for a way of regulating it; as this, differs from country to country.
Yes they can ban bitcoin if they want because our government have power to do something that againt to they rule or the thing that they cannot control. In fact some country now is ban bitcoin by their government because they are not accept bitcoin to use of many people in their country because they want to control all the things and protect their community.
sr. member
Activity: 868
Merit: 267
SecureShift.io | Crypto-Exchange
December 19, 2017, 01:20:24 PM
will not be able to, unless they want to follow the bitcoin. Because basically they will never be able to stop bitcoin because the circulation of bitcoin is thorough throughout the world even though they are banning in their own country. Moreover, there are no laws and regulations that prohibit the circulation of bitcoin.
member
Activity: 252
Merit: 22
Marketplace for sensor data
December 19, 2017, 01:14:45 PM
According to my knowledge of cryptocurrency, the government can prohibit BTC but can not prohibit BTC transactions between individuals or through the intermediary of BTC trading platform. The nature of BTC does not depend on any organization or government, it depends on the needs of individuals together. So you keep calm BTC and trading on the trading floor BTC because it is absolutely legal, not breaking the law. The government banned BTC from fear it would affect the economy as well as finance.  Grin
full member
Activity: 378
Merit: 100
December 19, 2017, 01:08:46 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?
Surely things that were previously unexpected could have happened The origin of the government began to be depressed from the bitcoin that continues to increase Sehinggga appears panic that the original currency at the time will be replaced by bitcoin From there the government can automatically ban bitcoin developing again in a country.
sr. member
Activity: 602
Merit: 252
December 19, 2017, 01:06:33 PM
Different countries have different opinion about the same. When you go through the list provided in the Wikipedia, it is clear that very few countries have imposed a ban over the usage into the country causing the user community stay without any sort of issues.
full member
Activity: 182
Merit: 118
December 19, 2017, 12:51:06 PM
South Korean cryptocurrency exchange Youbit has revealed plans to file for bankruptcy.
The decision to close operations follows announcements that the exchange was hacked for the second time this year.
Youbit is a smaller player in South Korea’s cryptocurrency market. It had been hacked once before in April when nearly  Shocked  Shocked 4,000 BTC were stolen in a cyberattack that the country’s spy agency linked to North Korea, according to a recent South Korean newspaper report.

An official at Korea Internet & Security Agency (KISA), the state agency that responds to cyberattacks, said the police and KISA officials were starting an investigation into the hacking.
hero member
Activity: 3080
Merit: 603
December 19, 2017, 12:48:44 PM
There is a wikipedia article about this https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

This page was recently updated today and I guess this is updated, countries that banned bitcoin are there and as well as those countries where bitcoin is legal.
member
Activity: 252
Merit: 10
Telegram: https://t.me/ViolaAI
December 19, 2017, 12:35:39 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?
Yes. Government of any country can ban bitcoin use in their country. But the bitter truth is that they will not succeed as far as internet remains.

Bitcoin is as good as the internet.
full member
Activity: 2170
Merit: 182
“FRX: Ferocious Alpha”
December 19, 2017, 12:17:43 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?

of course government of every country have right to decide what they want accepting in here country to protect of their people but i really believe if the government officials of every country understand the importance of bitcoin i think every country continue to accept bitcoin and legality comes.
we should have many people in the china are using bitcoin as source of income, china want to regulate bitcoin in their country in away bitcoin control by the government thats the reason bitcoin ban in china.
full member
Activity: 602
Merit: 102
December 19, 2017, 11:53:44 AM
The answer to this question is a "yes". Considering the fact that the currency is not regulated by the government, some are finding it very difficult to accept while some are looking for a way of regulating it; as this, differs from country to country.
full member
Activity: 402
Merit: 101
Arianee:Smart-link Connecting Owners,Assets,Brands
December 19, 2017, 11:43:39 AM
Impossible. The government of any country in the world can not ban Bitcoin. Because Bitcoin does not control any country in the world. Bitcoin is free Bitcoin is very strong now The government of any developed country will not be able to destroy it. Because I think Bitcoin will never end.
member
Activity: 154
Merit: 11
December 19, 2017, 11:42:41 AM
#99
Today bitcoin is getting stronger. Some country people use bitcoin.bitcoin can't be controlled by anything people even the government because of it's quality and features. There citizens as there is so many ways to access bitcoin if the people insist in using it.people use it and it's help in financially. They can earn money. The government can't ban bitcoin ,they can't stop.
sr. member
Activity: 742
Merit: 250
December 19, 2017, 11:35:33 AM
#98
Governments cann't ban people around the world from using Bitcoin, Bitcoin is freedom, is decentralized and it does not depend on any organization. But they can make laws regarding the use of Bitcoin and cryptocurrency in their own country and when they have a negative opinion, the high likelihood is that Bitcoin will be banned in their country. Several countries have enacted a law prohibiting Bitcoin. Concerned that Bitcoin's rapid growth could be detrimental to the economy, I think Bitcoin has more advantages. Hopefully, there will be governments with better views
member
Activity: 252
Merit: 14
Marketplace for sensor data
December 19, 2017, 11:34:10 AM
#97
I think that BTC or any other currency in the cryptocurrency system does not depend on any individual or governmental organization. It may be that the government bans the BTC but I am sure that the government will not prohibit transactions between individuals as well as the BTC. So you have peace of mind trading and earn BTC because the government will not be able to completely ban this coin.  Grin
full member
Activity: 280
Merit: 100
December 19, 2017, 11:24:28 AM
#96
Government decides illegal bitcoin and trading. but government can't control bitcoin transaction. that means if government want make ban in his country but can't control bitcoin transaction.
full member
Activity: 154
Merit: 111
December 19, 2017, 11:07:49 AM
#95
I think a government can ban the use of bitcoin in their country if they will think that it is a threat to their economy and if they would only see the disavantages of bitcoin and not the bebefits they can get from it or maybe because they can't control it that's why they would just prefer to ban it.
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