Can Bitcoin be ban? - page 3. | Bitcointalksearch.org

valentinen39

member

Activity: 308

Merit: 10

Quote from: icanscript on December 09, 2017, 08:53:31 AM

No, bitcoin can be tried to ban, but technically it's impossible to organize.
It is not possible to control, and therefore punish for using it.
Hence the ban is absolutely meaningless.

The value of bitcoins is actually increasing massively and because of that more and more people are investing on bitcoins and banks are being affected by this. If you are going to compare on how much you were going to earn per month from bitcoins or placing your money on bank then you will know that bitcoins is more profitable because the value is increasing much more than the bank.

qwerty12

jr. member

Activity: 313

Merit: 1

I think, if globally it will not happen.
but, of course bitcoin can be banned, but that only includes regulations in a country.

I've read the news, that the monetary authority of a country in asia (I do not remember the name of its country) makes the rule of prohibiting the use of bitcoin or other virtual currency as a means of payment. but the prohibition is only intended for the perpetrators of financial technology services (financial technology) including e-commerce so as not to receive bitcoin.

megalith07

member

Activity: 252

Merit: 15

Truly and it simply happened to a few nations. they are attempting to seek after on a few laws that would disallow us from utilizing BTC. Since for we as a whole know BTC can cause awkwardness in the worldwide market sometime. Furthermore, to keep that they will endeavor to boycott it. Since they wont have any specialist to direct its cost by any methods.

onrise

sr. member

Activity: 1512

Merit: 316

Quote from: Gemma mae on January 04, 2018, 01:06:38 AM

The bitcoin will not be ban because it is legal and the government dont have a right. To ban the bitcoin.In short bitcoin will not be ban it will not,happen.

To correct you bitcoin is already banned in few countries and each country depending upon their feasibility and their rules and regulation they can easily ban this cypto currencies. They would just have to pass a law in their legislative and from that moment bitcoin in that country would be banned.

markgayamo

member

Activity: 378

Merit: 11

I guess bitcoin cannot be banned by each country and through digital currencies it's impossible to be banned. And it depends to the country to banned bitcoins and that's my opinion.

Thecryptocurrency09

full member

Activity: 345

Merit: 100

Quote from: timcheerful1 on December 09, 2017, 08:44:18 AM

Can Bitcoin be ban?

There is really possible nowadays. Since bitcoin is almost every where, they are being noticed by some public sectors. Through observation and such investigation, it is obviously stated that they cannot manipulate it. And if that government is against upon it, then they would do so what they want.

Gemma mae

newbie

Activity: 196

Merit: 0

The bitcoin will not be ban because it is legal and the government dont have a right. To ban the bitcoin.In short bitcoin will not be ban it will not,happen.

ramgonzales

jr. member

Activity: 162

Merit: 1

It is possible but improbable. I mean, ethically speaking for myself, bitcoin is not bad for it to be banned. If it were banned in let's say a country, people will always find ways to use it.

deppil

hero member

Activity: 1008

Merit: 501

Quote from: Irvinn on January 03, 2018, 11:19:43 PM

The government of any country can, in principle, issue a regulatory act prohibiting the circulation of the crypto currency, but such a ban will be difficult to implement. In some countries, such as Bangladesh, Zimbabwe, such a ban operates. Since December 18, the ban on circulation of crypto currency operates in Kuwait, but it does not apply to citizens.

I think even though some countries prohibit the use of bitcoin though it will not be too disturbing for bitcoin users? because bitcoin itself is decentralized and anonymous. let alone bitcoin is on the internet network where everything is free to use it. so although bitcoin is prohibited/ban though people can still use bitcoin because the government will not close internet access. yeah actually these regulations and restrictions are difficult to implement

Lookjoz

newbie

Activity: 38

Merit: 0

Can not, because the bitcoin is a digital currency where bitcoin can already be used for safer transactions.

JoseJoseJose

jr. member

Activity: 138

Merit: 4

Varanida : Fair & Transparent Digital Ecosystem

No, bitcoin cannot be ban because bitcoin is an online currency without any illegal goals or somewhat. The bitcoin illegality will depend on the user or the holder. No matter the usage of btc was a separate thing between btc and the holder

Irvinn

full member

Activity: 966

Merit: 104

The government of any country can, in principle, issue a regulatory act prohibiting the circulation of the crypto currency, but such a ban will be difficult to implement. In some countries, such as Bangladesh, Zimbabwe, such a ban operates. Since December 18, the ban on circulation of crypto currency operates in Kuwait, but it does not apply to citizens.

sarojan9980

member

Activity: 118

Merit: 10

My Identity Coin

From past some years government has tryed more times to ban Bitcoin but it's not easy. Bitcoin is never get ban because so many peoples are know using bitcoin and it's price is very high know. It's blockchain technology.

rphk

full member

Activity: 210

Merit: 100

bitcoin does not requires to be banned , government still can hold control like one single unique ID for bitcoin or other crypto currency holders and that can be taxed , they can put certain tax on bitcoin trading ,selling etc. and single account or unique ID per person, in that way they government can control this. bitcoin also contributes growth on economy of the country , hope governments will regularize bitcoin.

Vendetta666

full member

Activity: 406

Merit: 100

Quote from: timcheerful1 on December 09, 2017, 08:44:18 AM

Can Bitcoin be ban?

there is no reason for the bitcoin to be banned, infact it helps the people to fulfill their dreams of life and does not put in the blame for the lives of bitcoin users because it does not violate the law and is not used to any crime. The government does not see that bitcoin is comprised of the country

Spanopohlo

full member

Activity: 322

Merit: 101

Aim High! Bow Low!

It can be Ban if it dominates the economy of an entire country then it is not possible. Dominating meaning it is used by most people leading to banks being useless. Cryptocurrency can also changes the transaction, payment and selling of things in the economy, leading to losses of money, laundering and stealing. Lastly, most transaction in the dark/deepweb relies on Crypto, so as it covers the whole country it also come with the web dominating it too. So, it can really be ban if it comes out of the hand.

naufals4

member

Activity: 574

Merit: 11

from the outside i think bitcoin can be banned like some country banning Bitcoin with some reason that's why they ban Bitcoin, but from internally like from the inside i think it can't be banned cause bitcoin is the digital money that can be used by everybody.

The_prodigy

hero member

Activity: 924

Merit: 500

Quote from: timcheerful1 on December 09, 2017, 08:44:18 AM

Can Bitcoin be ban?

BITCOIN AND CRytpocurrencies cannot be banned i guess but its access can be restriced and thereforw it is effectively like banning bitcoin for this as if you have no access to your wallet or on how to gamble and trade then it is moot to use bitcoin

teejayrichard2

member

Activity: 574

Merit: 12

bitcoin can be banned if the government of that particular country where it is being used kicks against it. all the need do is cut all access to it and wallets connected with it

Rappyboy

newbie

Activity: 58

Merit: 0

Actually china only wants to regulate ICO, but cmon if you believe in the powerful technology behind bitcoin, which most people do, do you think china doesnt do research about bitcoin and the block chain itself? Theyre probably into something bigger atleast.

Topic: Can Bitcoin be ban? - page 3. (Read 2643 times)