Topic: Can any government ban Bitcoin? - page 35. (Read 3346 times)
Yes they can, however, its popularity is growing rapidly and govts will eventually have no choice but to allow people to use it
yea I heard news from Russia, looks like government wants to control its circulation and fee. Cause terrorists can laundry they money on it.
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 it may be, but it certainly needs a mature idea of the government how the vision and mission of the country goes into bitcoin world, but I think with the advantage of investing in bitcoin maybe the country will not go in or invest in bitcoin
Yes of course it can be ban by the government. Government can look to many possibilities to damage the reputation and popularity of bitcoin so that they can false accusation and evidence to ban bitcoin. One of the fore reasons is that many business specifically Mark Cuban which I think have connections to higher-ups can team-up with them to come with solution to negative and permanently 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?
i think government can just forbid bitcoin. But to ban bitcoin? i dont think so Can the government of any major country step in and do the unlikely?
Yeah, it has already been banned in so many countries. However, I believe government can only ban the exchange of cryptos into local fiat, but cannot ban you from trading them in exchanges which are not physically located in a country's jurisdiction.
Governments has the power to ban any transactions whether online and offline but they can't stop people from getting and holding cryptos.
Yes. But without a potential threat, they have no right to ban it.
Yes, of course the government will be able to do a ban on bitcoin activities because the government has absolute authority over legislation on financial issues.
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 of a certain country has the power to ban bitcoin in their place. The government also have the power to legalize it if they want. One reason why the goverment wants to ban bitcoin in their country is, it increases the crime rate. Bitcoin can be used to buy illegal things in the internet like illegal guns, drugs, hiring a hitman and mamy more. Can the government of any major country step in and do the unlikely?
Yes. 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
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?
Governments have and will continue to do whatever they like for their own interests. It seems like Russia has already banned bitcoin... no?
Governments can always make laws banning or making bitcoin illegal. The question is, would it be effective? I guess not. Bitcoin is decentralized, far from what governments used to control. Bitcoin users can always find way to use and get bitcoins. The only way governments can stop bitcoin is if they stop the internet, which most of us will agree, they can't. The most governments can do is regulate exchanges, make it harder for users to utilize 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?
the government could have banned the use of bitcoin, but I think the government can not stop the circulation of bitcoin currencies, because bitcoin currency is a virtual currency that circulates using the Internet network
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 the government of a country is free to do what they want. The government has the authority to do anything against Bitcoin, it could be bitcoin banned in a country and Bitcoin could be used legally because of a regulation that regulates Bitcoin. Some of the weaknesses that exist today are Bitcoin does not get the trust of a government. Governments are usually frightened because Bitcoin sometimes experiences negative price shocks, so this makes the basis for decisions to be made by a country's government.Can the government of any major country step in and do the unlikely?
until atleast, it's proven to be convenient to be used, however control over currencies also important and bitcoin's nature is decentralized, really the opposite and it's what makes the adoption becoming harder.
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 the government of a country is free to do what they want. The government has the authority to do anything against Bitcoin, it could be bitcoin banned in a country and Bitcoin could be used legally because of a regulation that regulates Bitcoin. Some of the weaknesses that exist today are Bitcoin does not get the trust of a government. Governments are usually frightened because Bitcoin sometimes experiences negative price shocks, so this makes the basis for decisions to be made by a country's government. Can the government of any major country step in and do the unlikely?
Today is a new day, a new start and a new topic about banning bitcoin...
Yesterday there were at least 2 of them...
Why on earth a government would ban bitcoin if they will be able to tax it in the near future? People will have to cash out some bitcoins before it get's widely accepted (like in Japan), so as soon as people cash out the government can tax the income. There's no reason to ban it... It's like smoking that kills... Do governments ban smoking? No, they just tax it heavily, and they say they heal people got sick because of smoking from that income... Bitcoin does not harm your health... Today there are only a few countries who really ban bitcoin, but they also ban nearly everything in those countries too...
Yesterday there were at least 2 of them...
Why on earth a government would ban bitcoin if they will be able to tax it in the near future? People will have to cash out some bitcoins before it get's widely accepted (like in Japan), so as soon as people cash out the government can tax the income. There's no reason to ban it... It's like smoking that kills... Do governments ban smoking? No, they just tax it heavily, and they say they heal people got sick because of smoking from that income... Bitcoin does not harm your health... Today there are only a few countries who really ban bitcoin, but they also ban nearly everything in those countries too...
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 it is possible that they can do that and ban Bitcoin but not totally ban to use by its people maybe they will only some rules and regulation regarding on how Bitcoin works. Bitcoin can not be hold or control by banks so government can not also hold it or control it. But lets not hope that it will not happen that they will ban it because Bitcoin has some features and benefits to its user or investor 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.
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.
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