I don't think countries will still consider banning Bitcoin from now on. Because it seems like they've started adopting the opinion which is making regulations for cryptocurrencies. Many countries have already made a regulation and started imposing a tax on the cryptocurrency earnings.
Some of them, but some greedy Government that still dont understand and dont want to understand cryptocurrencies will still go ahead and place Ban on crypto trading because they dont have full control on it and cannot monitor crypto. other than this, i dont see a reason why they should ban it. 
Topic: Government ban on crypto (Read 1269 times)
I think the government can only ban bitcoin adopters in their country but they can't stop bitcoin because bitcoin is a virtual currency that runs on its own with the internet network, so this is of course impossible for the government because the only way that can stop the circulation of bitcoin they have to close the entire internet network in every country.
Of course, they can't control people's action outside their jurisdiction, even on their own country, there are still people who will still use bitcoin/crypto regardless the acceptance/law against crypto of the government.
If we would take into consideration the fact that bitcoin is mostly used by billionaires/elites and criminals in the black market, we can already see that the chances of having it banned ties up in the middle. Regardless of being in between being banned and being not banned, most of the billionaires or elites have hidden relation in the government. This ties might lead to an agreement or connection wherein as billionaires feeds on crypto, the government might secretly gain some of it too. As for the black market transactions, hackers are all over that place and it is surely well-secured from being invaded by the government so they are clearly out of it already.
I think the government can only ban bitcoin adopters in their country but they can't stop bitcoin because bitcoin is a virtual currency that runs on its own with the internet network, so this is of course impossible for the government because the only way that can stop the circulation of bitcoin they have to close the entire internet network in every country.
I am grateful that in the country where I live, there are no strict limits on bitcoin or crypto and it is only allowed as an investment or asset and is not allowed to be used as a transaction tool.
and indeed in my opinion bitcoin or crypto cannot be eliminated or destroyed unless there is no internet network in a country, and even though in the country where I live, bitcoin or other crypto is prohibited from being used as a transaction tool, the most important thing for me is that I can still use it and change it to be fiat.
and indeed in my opinion bitcoin or crypto cannot be eliminated or destroyed unless there is no internet network in a country, and even though in the country where I live, bitcoin or other crypto is prohibited from being used as a transaction tool, the most important thing for me is that I can still use it and change it to be fiat.
I don't think countries will still consider banning Bitcoin from now on. Because it seems like they've started adopting the opinion which is making regulations for cryptocurrencies. Many countries have already made a regulation and started imposing a tax on the cryptocurrency earnings.
Banning cryptocurrencies in different countries a common feature in cryptocurrencies market. But I think it's a waste of time and effort because any government can't control bitcoin and stop the transactions of Bitcoin any more.
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Bitcoin can't be controlled, can't be destroyed. So the Government placing a ban on Bitcoin and other Crytocurrency won't stop people from buying and selling it. Many countries are banning Bitcoin, pushing it citizen into P2P trading. Trying to make Bitcoin difficult for traders. I don't understand what the Government do achieve from prohibiting Bitcoin, but one thing i know and understand is that, Bitcoin cant be stoped.
It should not ban, because now a days people earning has become very low
Many governments want to do this, but not many are able to do it. I still don't understand what is really happening in India.
Recently Many countries governments want to ban cryptocurrencies but they can't able to ban this because it already be a decentralized plafrorm which already spreaded over the world wide and among the people. 
Bitcoin is a resource and medium of exchnage at same time.Also numerous advantageous characteristics of Bitcoin the most is decentralized So government can't fair boycott bitcoin since they are not the ones in control. The government can as it were boycott something they control over such as fiat cash or something like that. Bitcoin may be a peer-to-peer advanced cash that's quick, secure, and decentralized.But if governement legalize the Bitcoin it will help the economy and maximize the revenue from the transactions of Bitcoin.
My prediction is that the government will not be able to ban crypto, because what we know now crypto can be a valuable asset for some people, especially in the US. I feel that the government is only able to provide rules about crypto including the use of crypto, crypto trading and other things related to crypto in each country. because basically crypto has no headquarters and the government cannot stop or ban crypto
It's us people who are fighting for crypto, and we people are the ones who elected the president in a country, so they must serve the interest of the people through his government. Banning Bitcoin is not good, it could be a violation of our rights, instead, they will just have to regulate it to minimize the risk as we know that bitcoin is a high-risk asset, and with regulation, proper education will come easily as people will be confident in using bitcoin.
It's always possible as there are p2p trading platforms, one can trade their bitcoin to fiat vice versa without the government knowing it, they have started with exchanges and soon maybe they look on how to detect anyone doing p2p trading, but it's gonna be a tough job for them.
What they are doing is they are taking our freedom to own bitcoin, as a bitcoin enthusiast, we should not allow that wherever we live.
What they are doing is they are taking our freedom to own bitcoin, as a bitcoin enthusiast, we should not allow that wherever we live.
Governments will try to find a way to stop people from using Bitcoin at all costs even if they have to strip away your freedom in the long run. It's all about power, as governments don't want to lose control over people's lives. The fact that Bitcoin is decentralized and outside the reach of third parties, makes governments and central banks furious.
Ultimately, a ban will be only effective against centralized exchanges. But smart people will exchange their Bitcoin using a decentralized exchange or doing a P2P trade. The latter option is completely anonymous since the trade happens in an "off-chain" manner. This will make governments' life impossible, leading them with no choice but to join the game or be left behind in the dust. As long as governments are able to tax crypto properly, the industry will have the "green light" for non-stop growth in the mainstream world. Just my opinion
My prediction is that the government will not be able to ban crypto, because what we know now crypto can be a valuable asset for some people, especially in the US. I feel that the government is only able to provide rules about crypto including the use of crypto, crypto trading and other things related to crypto in each country. because basically crypto has no headquarters and the government cannot stop or ban crypto
In my opinion the government will not be able to ban bitcoin because whether you want it or not the government is forced to accept it because bitcoin can provide enormous benefits for investors, besides that the current popularity of bitcoin is very much around the world, so it is not easy for the government to ban crypto.
Yes, this sounds reasonable.
I'm from India, where the government is planning to outright ban all the cryptocurrencies. It would be an interesting move, but something that is facing a lot of resistance. Further, the government seems to be moving towards the ban with a completely misconceived notion that crypto is meant only for illegal activities. Of course there is a need for the government to have a dialogue with all the stakeholders in crypto industry before they pass any laws.
I'm from India, where the government is planning to outright ban all the cryptocurrencies. It would be an interesting move, but something that is facing a lot of resistance. Further, the government seems to be moving towards the ban with a completely misconceived notion that crypto is meant only for illegal activities. Of course there is a need for the government to have a dialogue with all the stakeholders in crypto industry before they pass any laws.
The problem in India is that they don't want freelancers to receive their income in the form of cryptocurrency from abroad. There are so many taxes and other formalities on running ITES services in India and almost 80% of the payment gets eaten up by taxes and duties. Now the freelancers don't need to pay any of these taxes and that is the reason why the government is not comfortable with the idea. According to the government regulations, Indian individuals are prohibited from directly working for foreign employers, unless they have the license for the same.
If the people of a country use Bitcoin for various criminal and anti-economic activities, then the government of that country is under pressure to ban Bitcoin. But another important point is that if a country's bank fails to control Bitcoin, the government is forced to ban Bitcoin.
Yes, this sounds reasonable.
I'm from India, where the government is planning to outright ban all the cryptocurrencies. It would be an interesting move, but something that is facing a lot of resistance. Further, the government seems to be moving towards the ban with a completely misconceived notion that crypto is meant only for illegal activities. Of course there is a need for the government to have a dialogue with all the stakeholders in crypto industry before they pass any laws.
I'm from India, where the government is planning to outright ban all the cryptocurrencies. It would be an interesting move, but something that is facing a lot of resistance. Further, the government seems to be moving towards the ban with a completely misconceived notion that crypto is meant only for illegal activities. Of course there is a need for the government to have a dialogue with all the stakeholders in crypto industry before they pass any laws.
It is very popular all over the world, the government will not be able to do any huge affected by banning.
Despite strict laws by central bank, the government has not been able to stop its use for people’s. its control is beyond the government power. most countries do not adopt yet.
Despite strict laws by central bank, the government has not been able to stop its use for people’s. its control is beyond the government power. most countries do not adopt yet.
Fortunately most countries government has gotten to see the help and usefulness of per taking in crypto activities, most big investors has only developed interest in crypto and some of this big guys who invest in crypto occupies a space in the government, which simply means most government are already in support of crypto. Currently now the chances of crypto being banned is less and even if some countries are not in support of crypto or will ban crypto some day it won't have much effect on the crypto space because crypto has been embraced by many big countries.
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