Topic: government and bitcoins banning - page 8. (Read 2990 times)

There is always a possibility that this will happen but let's be positive. There are other countries who welcome bitcoin with open arms so don't worry that much because bitcoin is already legalize in some countries and there are rumors going around that another Asian country may legalize bitcoin. They may have seen that they just cannot easily ban it and the technology behind it has potential that's why to take advantage of it, they would just legalize it to have shares of the transactions.

China has a big impact in the recent announcements they have made saying they ban bitcoin but then again there is a news again that they would just regulate it not ban it so it is not clear. Nevertheless, we should not be that affected anymore to this news because China is just one part of the market share of bitcoin, not the whole market share.

Japan proved to be the most developed country to accept and legalize Bitcoin.
and I do not find any other country that forbids Bitcoin.

Well, they didn't really ban Bitcoin, just ICOs and exchanges. Likely, they will also prohibit OTC trading, which will drive mining activity outside of the country. This still would be unlikely to remove China's influence in ASIC manufacturing.

Despite the recent attack on BTC-e, the US doesn't seem to share China's hostility. The CFTC granted formal registration to LedgerX to offer swaps/derivatives for Bitcoin. They could be trading as early as next month: https://bitcointalksearch.org/topic/m.22086566

And apparently, people in the sector are expecting an ETF by the end of the year. Things are moving quickly. 

Probably yes. There is a chance that other countries will ban Bitcoin. But there is also a possibility that other countries will accept it. We don't know what might happen but all we need to do is pray and hope that Bitcoin will continue rise and grow. Everything will be fine. Just keep on holding on your coins. We never know maybe China will unban Bitcoin in the future.

Now the governments of some countries are concerned about uncontrolled diversion of money from their country through crypto currency transactions, as well as by the fact that the profit from using the digital currency is difficult to tax. A few days ago, the Chinese government bluntly stated that it considers the decentralized crypto currency to be a threat to its economy and therefore prohibits the circulation of crypto currency in its country. This example can follow the governments of other countries. However, it is one thing to prohibit the citizens of their country from using crypto currency in financial transactions, but it is either impossible or difficult to control the implementation of this prohibition. In addition, the country, in which the circulation of the crypto currency will be banned, automatically loses a significant part of the revenues from trade in the world market and during the period of expanding use of crypto currency in trade agreements by other countries, leads to self-isolation and, again, to a decrease in the inflow of currency into the country. Therefore, the prohibition of crypto currency to fill the economy with money, on the one hand is ineffective, and on the other hand it leads to the opposite effect. Therefore, the governments of different countries today face difficult tasks related to the crypto currency.

China hasn't banned bitcoins and even those countries that have banned bitcoins have done so on a temporary basis. There is basically no valid reason to ban this crypto currency when it itself is harmless and can be regulated if the necessary actions are taken. And now since many people are using it, there won't be any Government that would seriously think of banning it but they'll impose strict laws and taxes that would reduce the market for bitcoins. That's what China has done.

I don't sure, but maybe there is country that can forbid bitcoin such as China's did.
The problem posed by China to bitcoin has considerable impact on bitcoin exchange.
Everybody doesn't know what will be happen with bitcoin in the future.
I think possibility of bitcoin forbidden is same as bitcoin legalized.

Who said China banned Bitcoin, ban is only on exchanges and that is to be effected from 30th September, no surety.
About possibilities, yeah it may be possible that several nations step up to ban Bitcoins. Government changes every four or five years in most of the countries and every government has different prospective towards Bitcoin and currency system. So the countries supporting Bitcoin currently may end up banning it in few years or so, who knows.

Banning bitcoin in a country is really possible. And if bitcoin is being banned by a country, it has something to do with the banking system of a the country. They surely be calling for a war on bitcoin. Nevertheless, banning bitcoin in a country got nothing to do with bitcoin being still the no.1 crypto currency, or the top digital currency.

Currently there are countries that banned bitcoin for long time now.

Chances for other countries to follow is always possible but today don't think of that since it's unlikely will happen to the country where bitcoin is actively being used. Stop thinking too much and just continue your normal day in crypto world.

I do not think so. China bans bitcoin because of the many ICO projects that Scam. and I do not think that other countries will do the same because each country has a different economic outlook.

Its not like total ban in use of bitcoin, they are just shutting down all bitcoin to fiat trading platform which also looks temporary one. They won't and can't just ban bitcoin because no one can completely stop bitcoin transactions in some specific country its not like banning access to facebook or twitter. Chinese government know that they can't just stop their citizens from accessing bitcoin but as they are quite anxious about money laundering, they are trying to limit bitcoin to CNY trading so their fiat can hold same value.

Damn! Then why so many people are sad for nothing? LOL!

Atleast people should check the source before making claims. Enough of these rumors. People keep on propagating false news and ultimately who enjoys profit is bulk holders.

When it comes to China, government has only closed exchanges. But soon they'll be launching their own cryptocurrency through which people can easily buy Bitcoin. But all the funds coming and going from bank would be under government scrutiny through their cryptocurrency. This is what they wanted to achieve. They never wanted to ban Bitcoin.

"The lesson from the internet is, anything that China bans, invest in it"

Fred Willson, 2014

Have no fear, down today, up tomorrow, don't forget to by the dip.

There are already countries who banned bitcoin other than china, so this is just a normal event on the cryptocurrency world. If you guys are afraid that bitcoin will die because China banned it, don't be bother by this. Bitcoin could exist without this Chinese Government, there is some countries already who trusted bitcoin and make it one of their currency, and one of them is Japan, so rest assured, bitcoin will still live.

the success of bitcoin can not be underestimated. see what happened yesterday, china mess banned. but look now, the bitcoin rises again. proved china is only a small part of bitcoin. and for other countries that will follow the steps of china, I think they will think it over. I dont think it would be hasty to take the decision to ban.

may be. but we will never know what happens in the future or tomorrow. china events make our eyes open, china is only a small part of bitcoin. but the bitcoin remains to this day.

that is the bloody and dirty game of banking system and lobies. it will be a hard war between banking industry and btc and eventually our crypto world will win. no need to worry about it.

Definite possibility, Bitcoin obvious potential to be very disruptive to the mainstream economy provides ample motivation.

there is always a possibility. but I dont really know about it. everything can be controlled even though china is not involved in bitcoin. I think not all countries ban bitcoin, there are other countries that see bitcoin as a beneficial figure. like jepan one of the countries involved both with bitcoin.