Topic: Can any government ban Bitcoin? - page 7. (Read 3343 times)
Yes, there are many countries are wanting to ban btc just like the india, china and other countries, many of those countries wanted to remove the btc in their very own counrties. Thats why it is very eassy for them to ban bitcoin. Becaude of influence and great performance btc some are having bad intentions. So they are banning btc for those reason. And they can really ban it.
It is possible for any government to ban bitcoin. Banning it would mean that people can no longer use the digital currency within that country's economy. There won't be exchanges to convert to fiat and no businesses would openly accept it. However, it'll be sold in a sort of peer to peer black market. And be used for international transactions between that country's citizens and those from other countries. This is based on the presumption that that country wouldn't cut their citizens off the internet.
yes I agree with you that every country and government has the right to legalize or ban bitcoin.karena every country already has economic rules. if the country prohibits the use of bitcoin we can only sell bitcoin on the black market and use it for international transactions.
There is a big difference in the attitude of each national government to bitcoin. With Japan through Italy, the Western European countries are open to the special currency, and some smaller countries are prohibiting bitcoin. Compared to the unfriendly countries of the special currency, it is mainly to fear that bitcoin will damage the economic order of their country. Most countries do not ban bitcoin, but the next step in digital currency regulation should be done by these countries.
Yes they can because they have a power to do this at the same time if they accept it they can put the tax on it ,bitcoin is decentralized so no one can control it only the community,the cause of moving price is only the people.
is why bits of bitcoin in banned by the government, the government can not possibly prohibit the work in bitcoin, we here also work, bitcoin worth doing by the community.
Yes the government can ban bitcoin, but they can't control it and the people who are investing in bitcoin. Becàuse bitcoin is decentralize and they cant trace the users of btc.
So i think its hard to ban btc.
So i think its hard to ban btc.
I don't think government can not trace if you use bitcoin because everytime you cash out your money you need to put where your money from ,yes bitcoin is decentralised and no one can control it, but I think it can control the users if their country ban it.
High security, transparency and trust are the three main advantages of blockade and bitcoin. But not for governments. The very fact of the decentralized bitcoin device (Bitcoin) strongly worries the government, since only a centralized system can be put under full control. Recently Mark Zuckerberg noted that earlier people believed in the decentralized nature of technology. But over time, they lost this faith, because governments have learned to use it to manipulate the masses.
Yes the government can ban bitcoin, but they can't control it and the people who are investing in bitcoin. Becàuse bitcoin is decentralize and they cant trace the users of btc.
So i think its hard to ban btc.
So i think its hard to ban btc.
They can place a ban on bitcoin if they wish to do so but that doesn't mean they can stop their citizens from investing in bitcoin because they can't stop their citizens from using the internet and people will just continue to use bitcoin anyway.
yes any goverment can ban the bitcoin because thus is a decentralized currency like it will regulated by the people, However, we only have to look at how China has bent even the Internet to realize that this is not the case. By a mix of government legislation and the blocking of popular foreign websites by the Chinese internet service providers, the Chinese government has tried to limit the Chinese to a walled garden, instead of viewing the whole world wide web. Traffic monitoring tools are used by the government to stifle political dissent. Taking a step to ban Bitcoin would not be too large a leap for the Chinese government.
The government has come up with many different projects to stop the crypto, but when something is not kept by the government, it can not be touched by it!
I think that if any government of the world wants to officially ban Bitcoin in their country, but unofficially they will not be able to ban Bitcoin in their country, because despite the ban on Bitcoin in many parts of the world, the people of other countr use Bitcoin to earn money through another, We have already seen the precedent, but yes if the government is very strict about Bitcoin, then he can ban Bitcoin in their country, but I believe that the government will be harmed by it self because the youth of his country can earn money by working through Bitcoin I think its country will be profitable,
I think it could happen, if a country wants to ban its people playing Bitcoin. the country can make hard rules, anyone who is still playing Bitcoin and Caught will be given hard sanctions, for example in Fines or in prison. Countries can also block all sites / websites that are related to Bitcoin. So the people will find it hard to enter the internet that can connect with Bitcoin, and they are also afraid because if caught will be given sanctions.
Yes, actually these rules are implemented at North Korea but the worst thing in this is people could be excused because of using Bitcoin or stroring them.They've just ban it in their country, but not entirely in the whole world and if you think of it, people of North Korea can still use digital currencies since the ban is just using Bitcoin on their country but I see that there might be a problem since their Internet is censored.
Banning of bitcoin is very possible, the government have the right to do that but they cannot easily trace who are the users of bitcoin. So, they can banned it but cannot avoid from using bitcoin. That is the truth.!
The government banning Bitcoin is not totally impossible, but since it is decentralized and we have anonymous identity, it would be difficult to trace the members of this community. Banning cryptocurrency is like stopping drug addiction, possible but not an easy task at all.
I think it could happen, if a country wants to ban its people playing Bitcoin. the country can make hard rules, anyone who is still playing Bitcoin and Caught will be given hard sanctions, for example in Fines or in prison. Countries can also block all sites / websites that are related to Bitcoin. So the people will find it hard to enter the internet that can connect with Bitcoin, and they are also afraid because if caught will be given sanctions.
Yes, actually these rules are implemented at North Korea but the worst thing in this is people could be excused because of using Bitcoin or stroring them. 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?
Even though bitcoin was decentralized still govenment has a power to ban bitcoin in their country. For example in China, their government has been ban the exchanges which has a big impact on the volume of bitcoin. But not only negatives effect can cause of government on bitcoin because as we can remember as the Japan approved the usage if bitcoin the bitcoin goes up to the moon. Therefore, government has still huge impact on bitcoin not on controlling its price but on the volume. Can the government of any major country step in and do the unlikely?
I think they can ban it if they want,they have a power to do this if they see that there will be a problem if bitcoin entering to their country.
I believe it is possible that they can do that and ban Bitcoin because bitcoin can be controlled by 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.
I believe it is possible that they can do that and ban Bitcoin because bitcoin can be controlled by 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.
I think it could happen, if a country wants to ban its people playing Bitcoin. the country can make hard rules, anyone who is still playing Bitcoin and Caught will be given hard sanctions, for example in Fines or in prison. Countries can also block all sites / websites that are related to Bitcoin. So the people will find it hard to enter the internet that can connect with Bitcoin, and they are also afraid because if caught will be given sanctions.
I think they can ban it if they want,they have a power to do this if they see that there will be a problem if bitcoin entering to their country.
Jump to: