Topic: Can Government Really Ban Crypto? (Read 625 times)

Seriously is always funny to me whenever I hear about government banning bitcoin, I know it's not possible for them to stop bitcoin the only thing I believe the government should do now is just to adopt bitcoin and work with it which will be better than wasting there time trying to ban it because if a country bans bitcoin it will only affect the price of bitcoin at that moment which will definitely bounce back but banning of bitcoin by a government can not kill bitcoin.

I think it is possible, because there are many reasons why the government bans cryptocurrencies
let's take an example: often caught in money laundering to terrorist financing, a cliche but true reason where a rogue government will definitely do money laundering to bitcoin et al,

Yes true but I only said those things about some of the custodial wallets like what I used that is regulated by the government. I would also do the same too if the government decides to ban btc and I would do what you said by buying btc on p2p exchange and use non-custodial wallets like electrum and many more but the government didn't ban so that's why I share what happen in here about the custodial wallet/exchange I used that is regulated by the central bank in my country.

Government wouldnt let this thing to happen, bitcoin might become mainstream but it wouldnt really come into a point that it would replace banks nor able to phased out government or centralized system

Government could ban out as much as they could even though not directly but they could really make out some movements which would really be a big or serious hassle for us crypto supporters or
enthusiast.It would be more better if they would reconsider it out and wont be focusing on the negatives and would rather see its benefits.

^ Probably not all of them can be regulated, how about those using non-custodial wallets and keep buying and selling on P2P exchange.
For me, I think they can't ban digital forms of fiat completely, on the grounds that they control the public authority does not imply that they can handle each unique individual also. That would be a hard game to play I guess. Nations who ban BTC will clearly not see it right yet they think about BTC as something pointless with no worth and soon to fall. They can always prohibit the use and acquisition of BTC, but they can never prevent people from utilizing it even if they face legal consequences if they do not comply with the ban's enforcement.

This is why bitcoin is unstoppable, no one really knows if bitcoin will in fact become as successful as its potential indicates, but one thing that governments cannot do no matter how hard they try is to completely stop bitcoin, after all as long as there are two people willing to send coins to each other bitcoin will still exist, so a complete ban is impossible, however governments are never going to give up either so it is going to be interesting to see how things evolve from now on.

There have been times I have seen of the government threatening to imprison citizens that are caught with bitcoin. And that’s gets questioning how exactly they were going to find out that their citizens are making use of cryptocurrency? No one really knows that you’re making use of bitcoin except that you let them know. You don’t just magically find out that someone is making use of bitcoin, there is not a way to know that.

I have been making use of bitcoin for long and I never told anyone about it and they never know. The only time I have seen government catch people who were using cryptocurrency was when they tried sending or withdrawing their cryptocurrency to banks. But if you stay fully P2P, no one will be able to tell at all.

The government can only ban Bitcoin in a way that people wouldn’t be able to transact to banks. But they won’t be able to stop p2p usage of Bitcoin. That is why in countries where Bitcoin has been banned, you will still see people who are making use of Bitcoin for transactions, and the government is unable to stop them.

So, in a situation whereby the government has banned cryptocurrency in a country, it is only the exchanges that are centralized who face the consequences, due to the fact that they are centralized and are being controlled by the government, the government can stop them from working at anytime. But the exchanges that are decentralized cannot be harmed by the government policies. So, whenever there is such a situation where the government bans Bitcoin, people moves over to making use of decentralized exchanges.

They can't as they can't claim the freedom of their people to do what they want in their life. The only they can do is issue a banning order and seize those who have been caught but this is not literally a criminal act that people were worried about. To ban is just temporary, they will change it once they could gain some control and imposed taxes on every crypto holder.
The government I guess is too smart enough to know the sentiment in crypto which they know could help their people unless like in China that definitely cut the freedom of their people but instead of creating their own digital currency.

Evolution is one thing that cannot be fought. Bitcoin ban is like keeping themselves in blackout. But all I see within this ban sabotage across some nations is that the are trying to prevent their citizens from having full control of their wealth. They really want to have full control of their economy which can't be granted them anymore. You see this fight to get back financial centralization by the time the government who places ban on cryptocurrency realizes what the are trying to avoid has skyrocketed it would be too late and they will definitely find a way to buy the innovation by then it might become late. Power and funds now lies in the hands of the masses

There are countries that have banned cryptocurrency usage within the country. From sources across the web Bolivia, China, Bangladesh, Ecuador, India, Morocco, Vietnam, Nepal, Russia, Thailand, Sweden, Kyrgyzstan, Iceland have banned cryptocurrency. Among the list India recently made a big taxation over the cryptocurrency profit. This looks like making an indirect ban over the usage.

Though countries have banned it, people from these countries keep using it through some means. This way government can't ban cryptocurrency.

Government can't literally ban cryptocurrency but they can issue a ban of using cryptocurrency and those who are found using or owning some crypto will be send to prison. Though many government can't do anything so that's why the government in other country will make their own crypto website, exchange site, wallet provider or an exchange that is also wallet but it is regulated by the government where they can benefit from it just like in my country where a wallet I used to buy, sell and trade crypto is regular by the central bank.

This is what we mean by decentralization. You could give KYC, you could be followed in blockchain, there could be national regulations like either banning or other stuff like taxes, there could be plenty of things but NOBODY could stop it. There are no people at the top of bitcoin that can decide on things. BNB? We have binance, XRP? We have ripple, SOL? We have blockchain frozen, ETH? Even that has Vitalik.

But, when we are talking about bitcoin then we are talking about true decentralization where nobody in the world has any power over it at all. Only if we all agree at the same time to change blockchain or anything like that, we could actually change something otherwise it will not have any changes at all. Obviously it is not really that easy to ban it when there are nobody controlling it that countries could somehow ban that person and make a permeant solution.

It is citizens that want to be left behind that will be left behind, Just as the scriptures say we should vet every word from the prophets and confirm with the bible, likewise as an individual you should evaluate every policy by the government and confirm if it occurs well with your development. Not like i am pushing you to go against government policies, but we all know that sometimes some government policies are selfish and more to the benefit of the government than the people, we all need to know for a subject as regards crypto, that the government is panicked by the idea of it and will do everything in its power to stop its growth. As an individual that has evaluated and seen the prospects crypto has, it is in your power to decide whether or not to be one of the citizens left behind globally or not.

This is one of the reasons why the development of the crypto industry is so rapid, because the government cannot prevent its citizens from
owning crypto. Even though the government has made rules that crypto is illegal and prohibited from being used, but that doesn't stop people
from owning and using cryptocurrencies. So like you said, the government can only limit the movement of cryptocurrencies. If that's the case it
just makes for an ineffective rule, even though it is more effective if the government just legalizes crypto by imposing taxes on platforms that
provide crypto transactions. Because there have been many previous attempts to stop the circulation of crypto from several countries that hate crypto.
But the results failed and until now the circulation of crypto is still running, even more and more people are using crypto.

Yes, it can happen as you say. Countries that prohibit crypto development, their citizens will be left behind in digital money technology. If you look at countries in the world whose technology has infiltrated various lines, even during the pandemic, it is clear that technology is the most important thing to complete various tasks, both study assignments and other meetings conducted online. Crypto technology is developing rapidly at this time, I believe in the future it will become the main medium of exchange in making payments. So I hope my country also supports crypto development.

They would really be aiming into those platforms which do connect out with crypto and this is the only way that they could really impose such ban or restriction and wont able to do that directly and they couldnt really get rid of it and thats why they do really hate it up and banning everything which is attached to it because thats the only way that they could deal up with things and wont really be able to do so or stop total recognition
and adoption in relation into its existence and knowing that government doesnt really like on something which cant be controlled which it isnt really surprising with these kind of actions to be made.
Its not new anymore on having this kind of situation that we are facing now.

People will keep doing it because it's a calculated risk. The chances of success surpass the probability of ending caught. It's like those people who live in miserable countries and try entering first world countries illegaly. They know they can be arrested or even die on their way, but the uncertain of a better quality life, including all the risks involved, is preferable than having the certain of living on their homeland, as it doesn't proportionate any kind of development perspective, security, happiness and so on...

The same I could say about crypto and fiat. To not be able to deal with cryptocurrency nowadays heavily limits the financial personal development of an individual, since he wil be hostage of the fiat depreciative currencies and traditional banks' lobby.

Actually even if they don't ban crypto this meme would still remain the same as eventually, crypto is looking to take away their stronghold of power. So they are in this big flux when deciding about what to do and what not to. Moreover, the problem is even the countries that are banning cryptos want to use the technology behind it but are unable to frame a law whereby they can both ban cryptos and promote blockchain-based businesses. Now with the current market cap and current adoption that we have had I feel it's impossible to ban crypto at a global level, crypto has now become a part of our lives and is not going away.

Like most of the time things come down to incentives, if the penalties for using bitcoin are high and there is not much to gain then most people are going to follow the law and whatever restrictions it imposes on people, however if the economic situation of the world deteriorates even further then it is possible that people will begin to take more risks and use cryptocurrencies even if banned just because they have to do it to survive, so while governments cannot shutdown completely the usage of bitcoin they can restrict significantly under the right circumstances.

This depends a bit on your nation as well. In my nations laws are a bit more "lax", like for example there are THOUSANDS of people who murdered someone and got away with it on parole, or had like 3-4 years jail time, because our jails are crowded as it is so they just let them be. And there are hundreds of journalists in the jail instead... Yeap, they put journalists in jail instead of murderers or rapists.

In a world like that, I am 100% sure that the law is a law as long as you can enforce it. For example if you ban crypto, and say that "anyone who ever owns even 1 satoshi will be in jail forever!!!" but then thousands still do it while only 3-4 gets jailed for it? I am sure people will keep doing it.

Government can not ban cryptocurrency,  they can only restrict the banks from operating in cryptocurrency  exchange.  Their are countries  that banned the use of cryptocurrencies in there banks, but that have not stop citizens  from  buying  cryptocurrency. Like in the case of Nigeria,  after the government gave a ban on exchange of cryptocurrency  it didn't cause any affect in their country from citizens not having  access to it, rather it attracted many people to cryptocurrency more.

If you want to know is it possible for the government to ban crypto then look at china and other countries where crypto is illegal. Are people from that region getting a hard time being in crypto? If yes then you have the answer.

In terms of decision banning, crypto is a bad idea. Evolution in human nature and society is correlated. Human society evolved with human nature. So if people want to enjoy the advantages of crypto then govt has to bend down one day.

Unless they would make a bill regarding the use of crypto, that who shall ever caught using or in any case related to it shall face death penalty. I guess the people would go nuts if ever this would be approved. I guess not if only they would put restrictions and some sort of regulations, totally banning it would be difficult and their would be few people who would go far disregarding the laws and still use crypto regardless of the situation.

Every action that violates the rules does have a risk, therefore severe sanctions will be effective to prevent violations of the law in a country, including sanctions if someone uses illegal currency in a country that prohibits it.

In my country, the government not only prohibits the use of cryptocurrency as a means of payment but the government also prohibits the use of foreign currency. This means that trading can continue if the currency is converted to fiat “legitimate currency” so that no rules are violated.

They might control it partially but they will never be able to ban the crypto. Not in this universe for sure. After celebreties and entrepreneurs getting involved into crypto at spectacular levels I don’t think government can do anything about it. I’m mentioning the former names because these are the elite group who are the supporters of electoral funds and campaign promoters. These billionaires and government would never go against each other.

Moreover, what to say about crypto. It’s free, publicly available so no they can’t really ban it.

On Nokia is one of the top tier phones before released the new now but of course, they surpass by the other mobile manufacturer and cannot up to the trend this is one of the reasons. The government has the right for their country what are the rules they need to do if they think the cryptocurrency is not healthy to them or makes the risk for their country they have the rights but of course, it has a process. The country that supports the use of crypto has a higher chance to adopt the innovations of the technology it depends if they want to adopt for their goods, to limit or to ban it's all about for their country decisions.

The loopholes are just tax evasion because there's a lack of enforcement. So for the investors that follow the law, I'd hope all of us, any taxes are hinderance to using crypto. And that's all that's needed.

Once you kick out major financial players of the crypto market, there isn't enough ordinary day-to-day users that would sustain its use. It's why mass adoption is important -- you implement high taxes (or whatever regulation, I use taxes as an example), crypto crashes.

Answer to the original post is yes, absolutely. Even if people manage to dodge the regulations, those folks are few and far between.

There would be always a loop hole and people would able to find those ways considering that you could still make transactions without being traced out thats why government couldnt really get rid of

it completely and even if they would impose 30% taxation but it wouldnt be enough for making its citizens to completely stop on engagement with crypto.

Yes, they could actually ban it but on the sense on dealing with platforms/companies attached or involvement to it but speaking technically then it wont be possible.

This is a possible way through which government can restrict people from using bitcoin. One such has happened recently in India with a heavy taxation of 30% over the profit out of cryptocurrencies. However I feel that there will be loop holes that let people continue to use cryptocurrencies and generate profit. Maybe we will be restricted much from the bitcoin usage as a legal tender on businesses.

They could, usually through the form of excessive taxation.

It'd be near impossible for them to monitor p2p BTC transactions, so they would work a ban in through economic regulation. They may force you to register any transactions you conduct so they can implement a tax. Bitcoin is treated as property in many places, and therefore the property's value fluctuate. If the government wanted to, they could force you to pay a tax on unrealized gains, merely for holding. Then what happens? Investors dump all their crypto, which accomplishes the same thing as a ban, less usage.

I would guess that if you are really that much in trouble and worried, you could handle it with someone outside of your nation? You could even handle it from someone here? I mean if you trust the person here, or use some escrow to do it, then they could send you the money and you could withdraw it and then they could do whatever they want, even if they do a chargeback then it is fine.

If you want to, you could do gift cards as well, most of them would be hard to cash out, but there are some cash cards as well, or debit cards as well with money filled in them that you could spend. All in all, it is a very bad situation but it is not end of your crypto life if your nation bans crypto.

You could still continue, lose a bit of money to percentage while using, and still go on without too much problem or anyone stopping you. I did that back in the day and it was fine, not great, not like right now, a bit of useless work required but still not stopped.

I believe the correct word is limiting, but I also believe it is banning because they will be closing sites on their IP, though this will be solved by VPN, but the point is that they are limiting the movement or process of bitcoin transactions, such as buying online or converting it to own fiat. Only a few countries typically prohibit the use of bitcoin because it could provide them with funds to help improve their economy.

but the only problem is how you can access those p2p sites and what if its also banned in your country? But, let say you can be able to bypass it, we cant still be 100 percent sure that you are transacting with a normal user that only wants to trade his cryptocurrencies but what if that person you are transacting with is an asset of police, fbi, nbi or whatever you called it that are against this act.

The penalties are going to be heavy for sure. So, I do not think it is worth the risk but it will be better if we can wait till the cryptocurrencies are allowed on our country so that we can trade without worries and most importantly is we can spend the cryptocurrency that we obtain.

I agree with what you said, if the government actually has the power to ban crypto, but I don't think the government will fully be able to do that, because decentralized transactions will be very difficult to stop by anyone, maybe now the government just needs to at least limit its use crypto as an investment, so that the government can also take advantage of crypto for the benefit of improving the economy of its people.

Absolutely!
As long as you have an access to the internet internationally, you always can invest or trade with crypto regardless of the country's restrictions or prohibition. VPN will play a huge role for it.
Though the OP's comparison doesn't really relate to each others situation, but If a country doesn't want to engage and crypto and discourages it's citizens to get involved into it doesn't mean it would hurt the country's economic status.
While what happened to the Nokia story was a failed development of its OS compared to the android phones.

I agree with some of the things you mentioned where someone caught using crypto would be considered a crime if it was committed in a country that has passed a total no-go law like China. It's true that P2P won't prevent transactions even in restricted countries, but the tougher penalties violators might face would increase the effectiveness of the rules for the better.

The government has the right to prohibit, so it will be different in each country. Some countries do not prohibit crypto to be traded or as an investment asset but some other countries completely ban and even ban all mining, trading or other activities.

Countries ban crypto because it gets bad information such as often crypto is used illegally activities but they forget that fiat is also an option.
The government ban crypto is very likely but will have difficulty tracking or stopping its citizens using crypto, I think the government can only prohibit crypto just in activities such as mining, trading or use as a means of payment limited to that country.
As long as they are connected to the internet everyone can still access and have it, so the government cannot completely ban.

Cryptocurrency transactions are on the rise worldwide government to bring control over digital currency transactions. Initially it was decided that private cryptocurrencies would not be banned right now instead the issue of digital currency transactions will be brought under government control bitcoin is so popular because it does not require any financial institution to transact in bitcoin and its transaction dynamics cannot be followed. Bitcoin is now legally recognized in many countries around the world.

You can't ban something that is decentralized. Bitcoin has no central organization that the government can go and tell them to stop operating in their country. What they can do is impose laws that will make their citizens a criminal for using crypto currencies. But that still won't stop people from using crypto currencies. As long as people are using p2p transaction and no centralized financial institutions are involved, the government can't do shit to them. Look at those p2p torrenting where they pirate movies. Was the government able to stop p2p torrenting from hosting and downloading movies illegally? Nope.

It's just an myth and can't happened in all the country.In developing country people try to inverse in crypto for the upliftment of their life.The developing country now started to legalized the bitcoin.Even India had started to legalized, the people should inverse their money in India.They have to pay tax of 30 percentage for their crypto investments.Seems it will have positive move towards the price of bitcoin.

For me, the adoption of cryptocurrency for every country is depends on the government on how they look at crypto. Maybe for now other countries banned crypto on their places but I don't think that it is final and forever. Every year or more, there is a new technology created and because almost all people adopt this new technology, the country will adopt it as well. Also even a country banned crypto, their people always find a way how to use it because they know they can earn to it and it will be a great help for their daily live. We can't deny the fact that through cryptocurrency many people lives has changed and have now a good lifestyle. So I think later on Government will understand how important crypto in the lives of the people.

In my opinion, yes Government can ban cryptocurrency, but it will be limited in the country in which the government bans the crypto.
The government is power, they have the official ad full power to decide any laws in the country. And once the government has banned crypto, they may also make some punishment related to people who are still in the crypto actviities.
But once more, they can ban crypto, but they actually cannot limit every single activity done by the citizens. Because sometimes, some citizens still concern with crypto industry, but of course, it will not be released or revelaed. Because if they notify themselves in the crypto activities, they may get some punsihment.
As long as government or other people don't know that we are doing in the crypto world, it may be safe.
But exactly, this ban officially will limit the activities in the cyrpto world.

"Bitcoin banned" if they want to be effective then they have to turn off the internet, and turning off the internet will never happen again.  i saw many countries that declared their country a war against cryptocurrencies and would not admit it but many of their citizens are still able to transact crypto, so they are just saying rubbish.

Talk about the decentralized ones, there are centralized ones that could be banned. Like for example USDT (tether) is centralized, it is VERY centralized and it could be done in a way that is totally bannable. Governments could block all of their accounts, freeze all of their assets and in that case they won't be able to pay you and that USDT would be gone. That is the situation would be causing the collapse of it and it would technically be banned and gone. XRP for example is the coin of a company, that company could be gone, owners jailed basically, and every asset would be frozen, could coin go on without it? Sure technically it could, but we all know it won't.

So, we are talking about centralized projects everywhere around the crypto world and it could be banned that way. Bitcoin is not like that, but not every coin is like bitcoin neither.

It is not possible for any government to stop the movement of Bitcoin. For example, the Chinese government banned Bitcoin. But now the government has experimentally allowed bitcoin transactions in some large cities. In this way Bitcoin will only spread day by day, it is not possible to stop it.

The government is unlikely to be able to stop all cryptocurrency activity in the country, but it is quite capable of suspending the legal circulation of cryptocurrency. The government cannot control the circulation of cryptocurrency between citizens, therefore, settlements in cryptocurrency between citizens are quite possible even with its complete strict prohibition. Of course, the prohibition of cryptocurrencies in China and the possibility of such a ban in Russia was the main factor in the current fall of the cryptocurrency market, so the influence of the government on the cryptocurrency market is still huge.

Crypto experts say that there is no way to completely ban or stop cryptocurrencies including the government, and the government can only prohibit or restrict the trading, mining of cryptocurrencies and their use as a means of exchange or payment.
using cryptocurrency does not violate human rights and there are good benefits for those who use it, and banning cryptocurrency is the same as banning the internet which is impossible because the internet has a very big influence in the country even in this world.

Such an interesting story you got there if we apply the story on the current situation. Almost all countries right now are like nokia that still uses an old operating system and only few countries like El Salvador are like alcatel because they are the first to adopt crypto. For those who did not know alcatel was the first mobile phone manufacturer that adopts android OS and later on followed by Samsung, vivo, oppo and others. If we can see, many mobile phone manufacturer follows the step done by alcatel because they also saw the potential of android OS.

We can expect the same thing on countries that have not adopted cryptos yet.

The government may have no ability to control crypto but they can stop all activities related to crypto in their country. Stopping all crypto activities can bring big influence, people are worried to have crypto coins because they are afraid of the future. We also can see the bad impacts on crypto market, usually most crypto coins can free fall once we have an issue about crypto ban in a country. So, the government has the power to affect crypto world.

No because crypto is a decentralized currency that no government or official have the power to control.  The government can ban their citizens not to have access to cryptocurrency within the country because the government is the highest authority in a country.
Those countries that banned crypto some years ago in their country really have some challenges on their economy during the pandemic that took over 1 year and some mother last year. They have learnt lesson from other countries that allow bitcoin in their country so that many unemployment can have some things doing in the community. Those that banned crypto in their country are trying to accept crypto back to reduce high rate of poverty and unemployment in the country.

You are can kinda right and by saying a government cannot actually ban bitcoin I agree with you because even if they can completely suspend cryptocurrencies in their countries which is impossible to better the progress of cryptocurrencies cannot be stopped yet because the world of cryptocurrencies is evolving everyday and cannot be stopped only by one single government also this would try much hard to control everyone their country can make them stop using cryptocurrencies.

1. Government don't really have that power except all the governments in the entire world come together as one, which I don't think is possible, think of it like as a broom, you can easily break a single stick of broom, but when they gather together to become a bunch of broom, you can't break it, so it is with our governments today, if they can gather themselves together in one page and fight against crypto, then they have a small chance of winning, but as long as they continue to stand as each man for himself, they will never be able to ban crypto.

2. Learn to read to understand and not just to read for reading sake, I didn't mention anywhere that the Nokia story I shared is related to crypto in anyway, the story was only an illustration, it's like a proverb, something to think deep of and learn from, a government banning crypto is shooting itself on its foot, just like Nokia refused to embrace technology and technology left it behind.

And besides, the Nokia story isn't the full story, I just cut the whole story short in order not to waste your(the reader) time reading.

Indeed. Instead of banning crypto, the government can regulate it, which can benefit them. They can control the flow of crypto in their country and get more taxes from crypto since crypto can be a big source that will contribute to taxes.

Once the government bans crypto, they will face more cases for the illegal as people who already benefit from crypto will want to continue using crypto secretly and will figure out the way to use it. The government can lose the chance to get more taxes if they ban crypto as when we realize the money from crypto is about a lot of money.

Yes government can ban cypto.  Some nations have complained that it can be used easily to perpetuate fraudulent activities. But banning crpto have many consequence. Some of these effects are:
1) It can scare away investors from that country.
2) It can even lead to more fraud because citizens will always look for ways to bypass government's restrictions illegally.
3) Since government is not involved, it might became difficult to track fraudulent transactions.
4) It would lead to brain drain and immigration. Most crypto specialist from that country would became dormant and some might immigrate to crypto friendly countries.
So, what's the need banning it? Government should regulate it.

It's true that there are countries that prohibit crypto just doing useless things, because a lot of evidence shows that there are still many people
living in countries that ban crypto, but can still use crypto. Any country that prohibits crypto will harm their own residents, so increasingly left behind
by other countries that legalize crypto. If government are still unsure about crypto, the government should be neutral by only prohibiting using
crypto as a means of payment, but legalize crypto as a digital asset. The government must make decisions that benefit the population, and
by not banning the use of cryptocurrencies, the government does not only provide benefits to its citizens. However, providing benefits to their
own country, because if the population of the economy increases because many get profit from crypto, indirectly the country's economy also increases.

I like the photo of the OP, banning crypto is like bombarding itself.   But yes, with the decentralized nature of btc and other alts, the government can't have full control even if we say they totally ban it because there are other options how to go around such ban. Since it is like a futile move, what the government can do is just create the regulation laws and get taxes from crypto businesses. They may not get the full transactions of their people but at least they are getting something from its existence. Better than letting this market operate underground without getting anything.

What the government does is like a futile thing because basically many people can still use crypto,
maybe what is meant is that the government has not legalized crypto as a transaction tool and I think it doesn't matter as long as it's not banned as an asset or investment

It's because of the nature of bitcoin itself. A decentralized product with no powerful entity controlling it ; this will surely make difficult (not impossible) for governments to control its use.
However, by the development by the tools for blockchain analysis, it becomes a little bit easier but this doesn't include other altcoins with different characteristics.

The government can only ban something that they can control. The last time crypto decentralization and autonomous in nature of crypto won't allow the government to control crypto or ban crypto. However, they seem to know cryptocurrency is inevitable ever since the IMF boss advised them to think about creating their own CDBC.
Just how Nokia missed the diamond chance presented by Android (According to the OP example).

I think we all get what you are trying to say but your analogy is not perfect, the main difference between the example you give and governments is the ability to make laws and enforce them, we know what happens when people live in a police state and a government determined to ban bitcoin could use those measures in order to do so, now can they ban bitcoin completely under those circumstances? No, but they can make life miserable for those that adopted bitcoin.

If government want be serious about banning Bitcoin it can do that it will all successful as they have all it take within their power to do so. And the issue of banning Bitcoin cannot in any way be related to that Nokia and the rest of them that you have mentioned.

Government doesn't need to ban citizens from using crypto software, they can instead ban business from using crypto, ban exchanges and other services and that will be it. Crypto will become a thing of darknet markets and will never see broad adoption, because the general population won't be taking risks of breaking the law just for the sake of using alternative financial system.

I hope hindering that you mean is giving the adoption a slow pace and that is what I think can happen for those countries banning or making such bars around bitcoin. In real fact it will be difficult for a stop in bitcoin. It has stayed above 10 years despite the challenges and yet it kept moving beating ATH

And this is why they do target out platforms and services that do involved with crypto because they couldnt do something on banning it out directly or completely
getting rid off because it couldnt be technically possible thats why this is where they do really put focus more and since those businesses or platforms
are involved with money then it would really be just normal that government could really make out some intervention which it isnt surprising.
This is where we do see these KYC verification and changes because they do get involved.

I think the government can't ban crypto. Because there are many countries where the government has banned cryptocurrency but thousands of people are using crypto. Government can only hinder its spread.

This is what the governments do not understand. If you can't stop it being used, and if you can tax it and make a profit, then why would you ban it? I mean there is no logical arguments over something that is unbannable and taxable, that is basically the situation people are involved right now.

I feel like there is at least one person in each government who doesn2t really understand it and that is why they end up making these type of mistakes. This doesn't mean that they can't try to, they can try to do it but there is no way that they could and that person who doesn't understand it allows the nation to go to wrong side just because that person has the power for it.

Taxing it is way more efficient. The picture in the OP illustrates that perfectly. If the gov bans it they'll shoot themselves in the foot because they won't able to collect them juicy tax money. I just read India about to tax crypto too but I don't if it was fake news. Banning crypto is pointless. Eventually they all gonna tax it imo.

Honestly I don't think so. They can do everything in their power but there will always be a way to buy it underground.

In this case I think the government will not be able to completely ban crypto just for some illogical reasons, the development of an increasingly modern era, of course, requires everyone in the world to think ahead, so blockchain or crypto which is one form of progress in Financial technology matters of course cannot be stopped by the government, instead of trying to ban crypto the government should be more open in adopting crypto and using it for the economic interests of their people as the current El Salvador government is doing.
In essence blockchain or crypto is a collaboration-based progress and we cannot prevent it from continuing to grow, so maybe in the next few years we will see some developed countries will use blockchain or crypto as a reference in building smart cities especially in their financial technology, and for some other countries that reject the presence of blockchain or crypto technology, I think maybe they will go back to falling and being trapped like in the stone age era.

Very often, governments start banning things they can't control.  First of all, cryptocurrency is banned due to the fact that they will not be able to control the income and expenses of citizens, and, of course, some points in criminal activity.  But there are such crypto assets whose projects are aimed at making business easier, such as the CRATD2C project, where the interaction between the brand and the consumer is implemented.  In this case, the state will not be able to do anything against the project and, accordingly, against the crypto asset.

Banning crypto should be the least on each countries government list imo but unfortunately, instead of finding solutions to all the pressing issues that affect the economy they are more focused on crypto ban as if it is the solution to all political and economic issues,
I don't know if they are able to completely ban crypto, I know they can alter crypto activities to a great deal, still it won't stop crypto enthusiasts except they will follow up with physical arrest.

I Think, Government can't really Ban crypto. Government can't ban bitcoin Because bitcoin is decentralised crypto.Bitcoin is digital currency. Decentralization will be never stable. Many countries government didn’t legal in crypto but people still using crypto.So government cant really ban crypto.

Can Government Really Ban Crypto?

My answer is..

Definitely no. Government cannot ban bitcoin because it is decentralized digital currency. Which means nobody control or owns bitcoin.And also it is impossible for every government to create a system to trace a bitcoin transaction in the internet world.The only thing they can do is to put some limits and retrictions on any bitcoin transactions like what China did.
Governments cannot totally ban crypto unless they'll going to shutdown the internet.Instead of fighting the global world market,i think government should focus on spending our tax money more wisely...

It's windows injected in a phone that is not right. I'd rather just use it in a computer. It's not user friendly as I had tried it before and had a hard time tinkering what I need.
Back to the topic, I think it's because of the inability to check the people's balances that's why they don't want cryptocurrencies becoming their assets.
They like it all in a "legal" way where there are paperworks and so they could claim taxes. Yeah, they call it as a tool for tax evasion and governments wouldn't like that.

Me three. 
First, the nokia explanation was a gross oversimplification. Nokia didn't fall because they adopted Windows: they fell for a variety of reasons, one of which was their adoption of windows. Then, you can't really compare a company that made cellphones to a beast like Samsung, that makes pretty much everything that uses electrons to work. Samsung was bound to take the lead sooner or later.
Then, the whole comparison makes no sense. It's literally comparing apples to oranges.
For a government to ban cryptocurrencies outright would be very difficult, as they'd literally have to isolate the whole country from the rest of the world. In any case, there are many other ways to de facto ban them, or at least make their usage very difficult.
For example, in Argentina, to make any international transactions online you need an international credit card with an account in USD. That alone limits cryptocurrency use to less than 10% of the population, probably a lot less.

In any case, can governments make crypto transactions illegal? Yes, they can, and more countries are bound to do so in the future. Cryptocurrency adoption may allow for increased liquidity from tourism (and eventually from other sources), but it implies losing control over part of the country's economy, and that's playing with fire in the best of cases.
The government's job is to care about the whole country , not about a given class. It doesn't make sense (from a macroeconomic point of view) to legalize a currency outside your control. Especially not if your own currency is in bad shape.


Well, they did have a bit of "external help"...
In any case, Pablo Escobar's case was an extreme case of somebody with a huge ego, paired with a tiny brain. He was, at one point, so unbelievably wealthy he could've emigrated to any country in the world and lived off his money, but he had to go and fight both his own and the American government.
And he didn't have soldiers, he had a bunch of thugs that were blindly allegiant to him, but had no training whatsoever, and almost no equipment.

In any case, before any Colombian takes issue, it's Colombia, not Columbia.

From this simple story, I personally take the point that increasing innovation to a more modern era and adapting to current technology, I strongly agree that Bitcoin's technology invites every country to advance and develop more massively so as not to be left behind by other countries. For example, El Salvador will be the only country that can make it happen to all countries that reject or block cryptocurrencies.

Yep and the government  (pick a country) has more guns and thugs (cops,miliatary) than it average citizen.

Very few private citizens can truly say F off to the government .

Classic example was Columbia. The drug kingpin Escobar killed over 20,000 cops and soldiers and eventually he was shot to death in the streets of Medellin (actually on a rooftop)

He had money and power ,workers and  soldiers etc. And his own government took him out.

So pretty much any government can do as they please. Very rarely they fall most often they take out the people fighting them.

I think that people wanted to see huge changes in order to appreciate Bitcoin. These countries who ban crypto will obviously isn't seeing right but they consider Bitcoin as a useless thing with no value and soon to collapse. But I guess, they are just small to make Bitcoin go dump and agreed to their wishes as this will still be able to survive despite those numbers who hate Bitcoin.

I could assume that these countries will look back and check what this technology has been done. It can't be an easy acceptance who still in doubts but yeah, this could be done if we are just open to such development and market innovations.

Similar unpleasant stories for companies happened not only with Nokia. For example, there was Kodak, which was the first to patent a digital camera, but lost this market. How many of you currently use Kodak cameras? - No one.

Nokia and Kodak made the biggest mistake - they did not believe in the future technology and therefore lost their positions forever. The same will happen with those countries whose governments will try to ban crypto and prevent its expansion. But I think most governments will try to regulate crypto and extract money from this industry.

Not exactly.
They cannot ban cryptocurrencies entirely, just because they control the government does not mean that they can control every individual person as well. That would be a hard task to do and at the same time there are wallets that do not require KYC and also paper wallets and other kinds of offline wallets that can stay hidden for ages. At the same time people can still hold them in their overseas accounts making transactions with the same, that's not really difficult to do so. Look at China, they still have people using bitcoins ofcourse. It's a source of income for some and no one's going to let it go for one court order because of the pandemic as well, it would just get more intense.

In technically speaking terms, no, the government can’t technically ban something that can continue to operate via  OTC ( over the counter ) trading and decentralized exchanges but if they were to ban cryptocurrency then they’ll disallow exchanges to operate in their countries and that will chase A LOT of people off and will be pretty detrimental to crypto. I hope we don’t get there.

The state refuses to embrace it because the government has no control over it so they prefer to reject it partly because they don't want this to rival fiat money.
This will be very different from the previous Nokia, which became number 1 as the mobile phone that ruled it, but that's because Nokia chose the wrong one so that its popularity is getting lost in the awareness of many people to mobile android.
The thing is that bitcoin will definitely be adopted, I measure the technology later in the future, however the government will definitely use this technology and admit that cryptocurrency and will not be banned anymore.

A bit off with your examples and the topic, not too related if I should say.
But the answers to if government can ban Crypto is a capital No, we have seen countries of recent accepting Crypto Currency and bitcoin rapidly, In a short time more countries will fully embrace it.... I'm not fully certain,but my hunches tell me mot government officials are also huge investors in bitcoin and other alternative coin's.
Recent cases of countries accepting Bitcoin is El Salvador!!

However, the existence of the government cannot centralize the presence of cryptocurrencies. The exception is CBDC which is controlled by government institutions, because in general government policies are only able to regulate systems that are under the control of a particular country, while cryptocurrencies are decentralized in the simple sense that the state cannot take over the system. The policies that can be taken by the government only limit the scope in general, not individually.

They can always ban the use and purchase of bitcoin 100%, but they can never stop people from using it amid the legal threat of being jailed if they did not follow the enforcement of the ban. This will only force people to use it even more and even build underground networks and connections wherein bitcoin usage, purchase, and sale will thrive. Instead of the government legalizing cryptocurrencies and benefit from it, they want to force people to fend for themselves and force them to use their own fiat (and the banking system, which sucks.)

Can a government ban crypto?Yes it can.
How effective is the government at finding and punishing all the crypto users is a different question.
That's why many underdeveloped countries have lots of cryptocurrency users,despite the fact that those governments banned cryptocurrency trading and mining.
Your example with Android and Nokia isn't really accurate.The best example of a stupid government ban would be the dry regime in the USA(1920-1933).
The process of banning alcohol in the USA backfired and fueled the organized crime with millions of dollars worth of illegal revenue.

The only way to ban crypto successful in a country is blocking internet connection for once and for all, is there any country that can do this without affecting everything in that country? I guess not even banks won't be able to function, crypto ban can't be effective no matter what they try.

I like the comparison about the adoption but that's actually not the similar case here, government knows the cryptocurrency can put an end to their centralized banking system which is why they are against it, anyway developed countries regulated it instead of banning them but wanted to pay huge tax from the user side so they want to supress it gradually instead of being dictatorship and say they are banning it.

I agree that Nokia is no longer good today but I guess they'll make a comeback. But with the comparison of those countries that don't want to adopt crypto and with that scenario, it's understandable that they won't be able to make it to the latest trend in technology.
My take is that, despite these countries have banned bitcoin and haven't announced yet their acceptance to it, it doesn't mean that they'll be firm with that decision forever.

I pick the analogy you are trying to picture using the Nokia Windows phone and Android and now Nokia is trying to play a catch up game to the global world but Nokia will catch up with the backing of Microsoft and the brand . And likewise the country that are banning cryptocurrency will try to catch up when they realise their mistake. The time will come when citizen of countries that have been banning bitcoin will begin to complain because they may not get same financial freedom that their counterparts have. It is a matter of time because the world is a global village.

Sorry but the comparison is stupid.
To make it more realistic, just give the guys over at Nokia a gun and the power to throw in jail every Android user, give them unlimited finance and control, ban every company to release an app that runs on Android, and then let's see how things would have worked.

Oh, but we have an example of what government power can do when it comes exactly to your example.
Remember Huawei? The company that from the leader of 5g communication has turned into a phone manufacturer that can't even launch 5G ready phones?

Besides, from a government point of view and not the end-user, where would be the shooting in the foot?

The government will not be able to ban crypto in their country, but they can limit cryptocurrency transactions in their country with various regulations, such as what is done by China (https://fortune.com/2022/01/04/crypto-banned-china-other -countries/). In my opinion, the crypto ban is like the ban on porn sites, it won't work, because there are many ways that people can use to access crypto and transact using it.

I wouldn't too. Both situations are miles apart. Going forward, the intriguing part for me is what do these nations banning cryptos stand to gain, apart from protecting the selfish interest of a few selected among the political and ruling class? Come to think of it, most of these selected few also trade cryptos but in secret. Nigeria is a case study whose Attorney General of the Federation (AGF) in this current administration was discovered to be trading cryptos on an exchange when someone took a snapshot of his laptop tools bar or something at a time the CBN's (Central Bank of Nigeria) hammer was on cryptos in the country. The elite don't really care what hardship they put on the masses provided their selfish interest is met. Cryptocurrency is changing the narrative of economic independence and that's why retards in government aren't happy about it.

I wouldn't compare this situation to Nokia's situation. There is a stark difference between a private business making a wrong decision that affected them in the long term, and a country (that is represented by a government elected by a majority of its voting citizens, in a democracy) not being comfortable with disruptive technology, that is not under their control, taking a chunk out of their financial system. So yes, a government can decide to ban all crypto, but how it will affect them in the future is speculation at best. Crypto will probably coexist with FIAT in the future and we will still have to see what the benefits of introducing crypto will be. That's for some future historians.

I may not get the whole thing correctly, but this is my opinion:

Bill Gates bought Nokia and made its OS mobile Windows. That is normal, Bill Gates owns Windows. But mobile Windows developers failed and Android was far more better.

I remembered I used the frustrating mobile Windows 8 and also mobile Windows 8.1 at the time. There are inconveniences in the OS compared to Android, Android was and is better and people prefer what is was and is better.

About bitcoin and other decentralized currencies, each countries have their owns reasons why they ban bitcoin and other cryptocurrencies, but which is definitely most political.

I may not have to comment directly to you post, but I just know that cryptocurrencies have helped many people out of poverty.

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Only 8 countries totally banned these decentralized currencies for now, 4 from White African (North African) countries, they are Algeria, Bangladesh, China, Egypt, Iraq, Morocco, Nepal, Qatar and Tunisia.

Most countries that ban cryptocurrencies only implicitly (not total ban) banned it, which means the government (especially the central bank) make it illegal but the citizens are allowed to do whatever they like. Direct bank transactions are not allowed but p2p is not forbidden.

https://tile.loc.gov/storage-services/service/ll/llglrd/2021687419/2021687419.pdf