Can Bitcoin be ban? - page 4. | Bitcointalksearch.org

weblaraveluser

member

Activity: 308

Merit: 10

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

Can Bitcoin be ban?

Yes it can, There are a lot of countries who does not want bitcoin to circulate in their area so governments are banning bitcoin. There are specific reasons for each country to ban bitcoins, Either it was being used for illegal transactions or maybe it is affecting their business because some of the politicians are also creating black propaganda for people to hinder on investing in bitcoins.

Stradivarioos

member

Activity: 350

Merit: 11

I think that Bitcoin can be forbidden, but I do not understand how you can really control the operations performed with Bitcoin in the country where it is Prohibited.

wahyu.prist

newbie

Activity: 165

Merit: 0

Y, Everyone knows because bitcoin is easily available and transactions are easy in every country.
Thanks

Rappyboy

newbie

Activity: 58

Merit: 0

Yes they can ban bitcoin like pass a law or order that prevents people in their country to purchase bitcoin, but they can always buy bitcoin from other countries transactions with bitcoin is decentralized so i dont know how will the government trace thay, yeah maybe from IP but there are a lot of ways to accumulate bitcoin specially people with computer tech knowledge

albert11

hero member

Activity: 679

Merit: 500

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

Can Bitcoin be ban?

Countries who think that bitcoin is a big threat to their economy are the ones who ban it. Countries like China, Thailand, Vietnam, etc are the ones who already did. But I think it is nearly impossible to totally ban it in their country. People who already made a lot from bitcoin will always try to access it even though it will be illegal. The very easiest way to ban bitcoin is by cutting off the internet access of the country which is probably impossible. Banning of bitcoin is due to its negative side where it can be used for money laundering, black market and tax free transactions.

bobitza

sr. member

Activity: 560

Merit: 256

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

Can Bitcoin be ban?

Bitcoin can be completely banned. Currently I know it is banned in Russia and maybe in Vietnam. Because of the great impact on the world's cash economy, prices will fall if they use bitcoin.

alkenestoke

newbie

Activity: 9

Merit: 0

Keep in mind that bitcoin cannot be fully controlled even by the government. They may ban bitcoin but that act will be completely useless, knowing how rampant the activity is here and that nothing is stopping it.

TOTOARRO

newbie

Activity: 48

Merit: 0

On the off chance that Bitcoin unjustifiably rules the cash of a nation then it government may put an activity into it, for example, forbidding it, however that is an excessive amount of. A few nations boycott bitcoin because of basic reasons that their neighborhood banks are being devalued because of numerous clients utilizing a decentralized cash, nonetheless if banks will attempt to take the path of least resistance in the cryptos at that point restricting won't not be an issue for that. It is only the administration themselves tries to control of the benefits of the speculators in their nations. They're attempting to push away the financial specialists of digital currencies in their nation.

plucking23

member

Activity: 62

Merit: 60

Quote from: LodisMcguire on December 09, 2017, 08:57:55 AM

If you mean its banned from country,yes it can by making a regulation about it
But banning it from everyone is impossible,people will find a way or another to use it and nothing can stop that

I agree. The government or the country has its power to control or to make laws or even say that bitcoin will be banned in their territory yet people will find their own way to use it. Banning does not mean that the number of people using it will be zero but of course when it is helping the people, they will not stop until they cannot find any problem with it. Bitcoin can be banned easily by the government or the country yet it is hard to implement to those people who depend on it.

Bitcoinislifer09

full member

Activity: 257

Merit: 101

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

Can Bitcoin be ban?

Yes,I think there's possibilities that bitcoin can be ban but it depends in the government of the country. If the government of that country,they see that bitcoin brings a good thing in their country ofcourse they will not ban it. If bitcoin will be ban it takes a many process to finally ban it.

Heyyyrenz

sr. member

Activity: 308

Merit: 267

It is not impossible actually there are some countries that already banned bitcoin and that includes:

• Bangladesh • Iceland
• Bolivia • India
• China • Russia
• Ecuador • Sweden
• Thailand • Vietnam

This is according to the blogspot I've visited a long time ago: https://www.ccn.com/top-10-countries-bitcoin-banned/
But here's the all the list where bitcoin is legal or illegal: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

But in my idea about why the country banned bitcoin is that it may heavily affect the economy once the bitcoin take control of the economy the effect will be:

1. Bankruptcy (Because of the small amount of people who use the bank.)
2. Blackmarket/Deepweb may become powerful since we are anonymous online.
3. The Government can't put taxes to the people who works in cryptocurrency industry.
4. If the country uses bitcoin as their mode of transaction some business will be in bankrupt.
5. Bitcoin can be used to launder money.

The basis of this reason is just my observation, idea and own opinion.

Allura74

full member

Activity: 546

Merit: 100

Quote from: otol55 on December 29, 2017, 01:42:37 AM

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

Can Bitcoin be ban?

I think it can.
in some countries Bitcoin is prohibited from being used for some reason.
but I think it's pretty hard to stop Bitcoin.
as some developed countries have legalized Bitocoin as well as more and more users now.

I don't think that it can be ban since we know the fact that bitcoin is a crypto currency and no central control, so even how many government try of pushing to ban bitcoin but still they will get hard to do and i think if they will cut-off the internet on the whole world then that is the time that they can stop bitcoin.

otol55

full member

Activity: 143

Merit: 100

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

Can Bitcoin be ban?

I think it can.
in some countries Bitcoin is prohibited from being used for some reason.
but I think it's pretty hard to stop Bitcoin.
as some developed countries have legalized Bitocoin as well as more and more users now.

shezu007

full member

Activity: 336

Merit: 121

Quote from: fleda on December 28, 2017, 11:57:07 PM

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

Can Bitcoin be ban?

Yes it can be. Some other country already did. But they will have a hardtime to do it before they implement it. The only way to stop people from earning bitcoin is if they're going to shutdown the internet. We all know that there are many sites there we can earn bitcoins.

yea Indeed bitcoin can be Ban. But it depend on the country that why they ban bitcoin. Like still bitcoin is working in the whole world excluding one or two countries which have ban bitcoin but remaining world still have not taken such a step against bitcoin but mostly countries want bitcoin because bitcoin is providing jobs to all kind of people.

fleda

full member

Activity: 162

Merit: 100

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

Can Bitcoin be ban?

Yes it can be. Some other country already did. But they will have a hardtime to do it before they implement it. The only way to stop people from earning bitcoin is if they're going to shutdown the internet. We all know that there are many sites there we can earn bitcoins.

ngusmin

copper member

Activity: 497

Merit: 0

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

Can Bitcoin be ban?

No, Bitcoin can not be banned. Bitcoin will remain in circulation without having to be bound by the rules of a country.

Bakemat

sr. member

Activity: 779

Merit: 250

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

Can Bitcoin be ban?

Yes it is.bitcoin can be banned because there are no controls it. It is decentralize that's why the bitcoin can be banned. The government controls their territory and they control the things in and out over their country they can banned ang illegalize one thinga if they want.but the good reason is that's why other countries don't ban the bitcoin because it has many good benefits

Givebirth

full member

Activity: 187

Merit: 100

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

Can Bitcoin be ban?

Some other country yes it can be banned. But when we talk about worldwide bitcoin will never get banned. Some countries have some issues on there government that crypto-currency are banned from there state.

jazmuzika217

member

Activity: 476

Merit: 12

Thats the worst case scenario for bitcoin. If you can recall, China and some other countries banned the Bitcoin before because theyre afraid for the native business and for the banking sector of their country and also theyre concern for the consumers and protecting them from possible risks they could get from using bitcoin. Its really painful if a country depends on theyre local banks. We all know that using bitcoin, banks are the most affected.

syntac

full member

Activity: 338

Merit: 100

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

Can Bitcoin be ban?

Of course it can, every country has the absolute right to ban bitcoin used in its territory. But not all countries completely ban bitcoin, there are also countries that allow bitcoin to circulate in its territory, but still in an invalid status as a transaction tool.

Topic: Can Bitcoin be ban? - page 4. (Read 2643 times)