Topic: Can any government ban Bitcoin? - page 34. (Read 3346 times)

They can't ban BITCOINS itself as it's not under the control of any individuals or organizations BUT they can actually make using or owning crypto currencies a felony which leads to fines/jail or whatever.

If we just put a scenario that country "X" decided to make owning and using crypto illegal, how are they gonna force this ?
They can't keep on tracking each and every address. We can make millions of one-time use addresses on different wallets with different identifiers and it'd be impossible to link them together (if done the right way).

This means it'd take so much time just to track one person's transactions. Which basically means applying such things on a large scale (making it a law) is practically impossible and would need an uncountable number of human resources.

I think the status right now is that governments don't really know what to do. They surely are aware of the existence of bitcoins. It's no longer the small thing on the side that passes unnoticed. But they still have no idea what to say or do about it as it's something that's totally out of their hands. On one side, they don't want people to evade taxes and don't want their printed currency to be obsolete and at the other side they can't just reject it. I guess they're just waiting to see how things will turn out.

What do you mean by "making it unable to be reached" ?
They can't do such thing.

It is clear that the government can prohibit, but it is not possible government to stop people from using. It can make it difficult to use, but not prevent people from using.

I don't think so. Government are pretty good in such things so you must not underestimate them in terms of tracing even for bitcoin because bitcoin is not that really anonymous as people thinks.

Government can ban bitcoin, that is a given. Some countries banned bitcoin now and some of them do not really banned bitcoin but they can't access the internet because of the censorship in their country.

yes if the government well find out its legal or maybe not but tax on bitcoin ...

The only thing in which the governments are interested in absolute control over everything. It includes your data, your activities, your private information and everything that would help them to control you. Since the money is something that is fully controlled by the governments around the world, Bitcoin came up as a disruptive model which can destroy the control of it. Even if the market cap of cryptocurrencies has reached in billions, still there is a long way to go but governments fear of losing their control and hence they try to limit/ban such activities.

The government can ban but not completely. The government may prohibit the use of bitcoin or other digital currencies as a means of transactions in the country. But the government can not forbid someone to own or store bitcoins.

Yes they can ban, when decide to control the ex changers. they can control and limit the transactions.

It it not slowly gaining it, it is in fact too fast that government are being reluctant about it. There are some countries that already embraced the use of bitcoin in their country and there are also some that already banned it totally.

For some, maybe there is a manageable amount of bitcoin, but not sure if it's manage to manage it and why they will be banned by bitcoin if it is good for people like us who want to earn and have more income for our own satisfaction. How much bitcoin satin can you help me to figure out how bitcoins can be banned by governments? Is it bad for people who want to earn it or damage it to the government?

Many governments want to ban bitcoins, because they do not control them. Without a proper law, bitcoins are still outlawed and unregulated.

there are so many governments have banned bitcoin, because they still not be able to find a ways to control bitcoin, it is anonymmous so it makes governments harder to trace and charge taxes on Bitcoin.

China has banned ico, and buying bitcoin in China is very difficult, you can not buy bitcoin publicly, you need to buy secretly. So no government can ban the sale of bitcoin

Yes, bitcoin will become a very important property in the next ten years. But the government does not like bitcoin, because bitcoin is centralization, the government can't control it, and it can't collect tax through bitcoin.

Yes, as of now there are some countries already banned the bitcoin. They think that bitcoin industry can't help them to improve there economy because they don't know to whom the taxes will be collected and taxes are needed every country to help them to improve there economy.

They cannot ban it because its too hard to control bitcoin and those people who wants bitcoin that why government accept and just put a tax so its a win win for consumer and government

Are you using your internet ? YES, then why are you still asking this? there are some country some of them are not yet powerful but have been banned Bitcoin, You can check this article, well it's a 2015 article but it proved that there are already Government banned bitcoins on their country, so for your question, the answer is YES, Any Government can ban Bitcoin.

Yes. It's up to the country, there are may country with different perspective about bitcoin. There are some country don't like bitcoin, there are also some country want bitcoin to legalize in their country.

It depends because some goverments love this bitcoin and some goverments hate this because they scared in bitcoin that btcoin can remove currupt banks but i hope that bitcoin will give a opportunity to grow because the bitcoin is very profitable for all people like me.

the government may ban bitcoin depending on government policy in that country

Well, maybe that is the negative effect of bitcoin as prone to be use in illegal activities, and still it is hard to be ban by every government since it a decentralized system even if they want to, but in other side i think the government sees an advantage of bitcoin to its people as an additional source of income. So i believe that one reason of why bitcoin is not easily ban bitcoin is because of the goodness that it brings.