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Topic: government and bitcoins banning - page 6. (Read 2990 times)

full member
Activity: 668
Merit: 100
DogData
September 23, 2017, 08:53:08 AM
#72
as far as I know something like this could happen, because bitcoin does not yet have a legitimate permit from the government.
so I think it is necessary to clarify the government as well as what bitcoin and the truth how, because this is very necessary for the community.
legendary
Activity: 1148
Merit: 1006
September 23, 2017, 08:36:53 AM
#71
If governments want to ban Bitcoin then they are only losing out as it has no borders, and it is sound money so they better start to think of adapting and innovating, otherwise they will lose out.
If there is any income, then no governament will ban bitcoin. if they allow people to use bitcoin freely the govt will not get anything, and all people addicted to bitcoins and stopped using fiat then no income will come to govt to run their country. so most of the govt are not adopting this bitcoin.
full member
Activity: 263
Merit: 100
September 23, 2017, 08:24:21 AM
#70
When china bans bitcoin, the other countries are triggered because china is a big influence and yet they ban bitcoin so there is a possible that other countries may try to ban bitcoin
sr. member
Activity: 387
Merit: 250
Presale is live!
September 23, 2017, 08:05:21 AM
#69
If governments want to ban Bitcoin then they are only losing out as it has no borders, and it is sound money so they better start to think of adapting and innovating, otherwise they will lose out.
hero member
Activity: 616
Merit: 502
September 23, 2017, 12:09:29 AM
#68
Some countries consider bitcoin as a threat to their economy since bitcoin does not own and control by any government some countries think that if crypto currencies will be adopted specifically bitcoin banks may closed and people will be free to do every transactions without the need checking its legality government may think it vmcan be use for illegag purpose


That is why they are banning it I think, they are annoyed that they can't even touch it like what they can do to fiat, so some of them decided to ban it since they are not going to get anything from it, they can't steal it to their people because it is decentralized. But the possibility of bitcoin to be embraced by all the countries in the near future is way more higher than the possibility of it for being banned.
full member
Activity: 238
Merit: 108
September 22, 2017, 11:41:24 PM
#67
Some countries consider bitcoin as a threat to their economy since bitcoin does not own and control by any government some countries think that if crypto currencies will be adopted specifically bitcoin banks may closed and people will be free to do every transactions without the need checking its legality government may think it vmcan be use for illegag purpose
sr. member
Activity: 328
Merit: 252
September 22, 2017, 11:37:40 PM
#66
People were laundering money just fine before, and will continue to do so even if crypto were completely killed off.

If you have criminal intent, and a large sum of money, laundering really isn't as big a "problem" as most people seem to think. It's definitely less hassle than you'll go through the day you want to get x,000,000 dollars from Bitcoin to USD or whatever other currency. We here on this forum adore bitcoin and pretend it's really easy to use and readily accessible. this isn't true, and has some serious barrier to liquidation. sure, there are ways to get around KYC exchanges etc, but in the end you'll find it's far from the preferred mode for money laundering out there. (especially demonstrated by the tiny market cap and daily volume BTC has).
legendary
Activity: 1148
Merit: 1048
September 22, 2017, 11:29:27 PM
#65
governments are so much banning bitcoin lately, as much as finally beginning to regulate it. this was inevitable folks, and we got here a lot faster by attracting attention to ourselves, via the ICOs, and the wild bubble. At these price levels, capital flight just isnt the only issue; you can greatly facilitate money laundering with cryptos. the ico circuit has almost certainly accepted some dirty money; which has gotten washed into the crowdfund, and came back as shiny new tokens.

this doesnt necessarily have to be an intentional thing, but it is definitely happening.  
full member
Activity: 338
Merit: 100
September 22, 2017, 11:26:38 PM
#64
It could be another country forbidding bitcoin, but please do not worry. Bitcoin is currently in good value, slowly growing its value. You'd better figure out how to get more bitcoin because it's more useful.
hero member
Activity: 882
Merit: 500
September 22, 2017, 11:20:05 PM
#63
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
What?? When bitcoin get banned in china , are you sure ?
Here many guys directly supporting your thread that bitcoin banned in china .
Here i would like to tell you that bitcoin is not yet banned in the china , but still the government is looking to do something like this but chances to ban the bitcoin is very less because a big problem in the china is that people have no option to make money in the practical life ( because of the big population in China ) .
So here government can't take negative action against the bitcoin .
Since already bitcoin was banned in my country India but soom unbanned , so here we should remain positive that government will make descion in favour of the bitcoiners .
full member
Activity: 339
Merit: 102
The Exchange for EOS Community
September 22, 2017, 11:15:48 PM
#62
Yes, every government has the power to ban bitcoin in their country. But you should not be concerned about it because I believe that in the future bitcoin will be legalize on all the country in the world due to its benefits that can help the people.

I agree, government can control every system, information and transaction in its own area but then most of the countries didnt banned, yet bitcoin maybe they think bitcoin has the capability to change future transactions and they are open to iys potentials seeing it as one of the contributor to increase dvelop!ent of the community and economic status as well.
sr. member
Activity: 485
Merit: 250
September 22, 2017, 11:08:51 PM
#61
As long as there is atleast 1 country where Bitcoin can be used, Bitcoin will not just survive but it will flourish.
hero member
Activity: 588
Merit: 500
September 22, 2017, 10:51:27 PM
#60
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh

China has not banned bitcoins. Localbitcoins trading in China is still legal and using exchanges is still legal(until they close down at least). Mining is still legal despite people going around saying that it'll get banned soon. Using bitcoin is overall legal.

But yes, China has tightened up its controls over btc.

Other governments have banned bitcoin before and it would not be surprising if some other country banned bitcoin in the near future as well. But, it's quite pointless as bitcoin is p2p and decentralized. They cannot ban the network itself but only its peripherals(exchanges, wallet providers, etc.)
sr. member
Activity: 616
Merit: 252
September 22, 2017, 10:16:40 PM
#59
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh

It's possible that there is a country that would ban bitcoin again if they see it as a threat to their financial system or they have viewed it as a digital currency use by people doing something illegal. There are some countries already that ban it because of that reason but then there are others who are looking at regulating bitcoin so we as bitcoin enthusiast should continue to support bitcoin because it has help us a lot in earning and we should not be discourage by this countries banning it because there are more positive news in bitcoin than negative.
member
Activity: 63
Merit: 10
September 22, 2017, 09:58:10 PM
#58
it could be that our government forbids bitcoin because it could be the reason they forbid because it could harm the state. but I do not agree Angry
sr. member
Activity: 658
Merit: 280
September 22, 2017, 09:54:50 PM
#57
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh

How many times has it been banned? The world will accept the bitcoin. Even if they forbid Bitcoin, the blockchain can not be banned. It's time to watch. Stay calm and watch. There is a revolution here.
full member
Activity: 266
Merit: 100
Platform for Investing in Cryptocurrency and ICOs
September 22, 2017, 09:42:11 PM
#56
There are some rummors that bitcoin will be banned by some governments but i dont think that is going to happen as of now because bitcoin becomes widely accepted and is thought of accepted by different goverments of different countries. It has too much advantage and efficiency so they will soon accept it.
member
Activity: 98
Merit: 10
"Highest ROI crypto infrastructure"
September 22, 2017, 07:19:03 AM
#55
Psychology says "If you ban something, people will get more into it." or something like that. Grin Sorry, governments. Wrong way. They should find a way to use it wisely.
hero member
Activity: 2590
Merit: 644
September 22, 2017, 06:56:18 AM
#54
I don't think that bitcoin will be banned in other countries because that is not what other countries are, china just banned bitcoin because they are slowly realizing that bitcoin is making a great revolution in their country and i think that other countries will do opposite and that is they will accept and adopt bitcoin.
legendary
Activity: 3248
Merit: 1179
September 22, 2017, 05:26:06 AM
#53
already china has banned bitcoins is there any chance that other countries may ban bitcoins?Huh
banned bitcoin in other countries as it has done in China, all of it could happen in terms of the country's economy declining by using bitcoin and also how much loss the government's has invested in bitcoin, all that can happen.

Anything can happen, positive and negative. Japan legalized bitcoins when no one expected that, Australia have some regulations about bitcoin. China and Russia for year are talking about bitcoin, threat with banning and punishing people who use bitcoins, sending them to jail.
Governments and bitcoin is old discussion, and except speculations a lot of talking, different articles and interviews from people close to government nothing really happened. They still don't know what to do with bitcoins, and they are researching bitcoin and blockchain but what will happen in the end we can just wait and see. I think many surprises are waiting us, that is what I learned I this to years, be ready for everything, good and bad because both are coming.
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