maybe the US applies the rules of bitcoin not to legalize or illegal, but the US government provides more rules where bitcoin in the US must run according to the rules and directives of the government. it is natural, because each country has its own rules for what is in the country
The US government is very firm and strict in the tax and income sector, they do not prohibit too much crypto activities but they demand transparency and contribute to society and the development of the nation, rules that they create need exchanges and participants have to comply correctly, otherwise they will punish mistakes. Other countries have relatively few regulations, they simply cite statements and threats from banks and people in power but these are also appearances and external factors, without inner strength 
Topic: Government ban on crypto - page 2. (Read 1271 times)
In my country Nigeria, the federal government made a ban on the trading of any crypto market businesses, even to the extent of seizing bank account that have prior transaction details. But this hasn't stop people from investing and trading because there are different ways to this trading medium.
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.
In my country Nigeria, the federal government made a ban on the trading of any crypto market businesses, even to the extent of seizing bank account that have prior transaction details. But this hasn't stop people from investing and trading because there are different ways to this trading medium.
no one get access bitcoin that's why Government ban crypto
yes maybe when it is still below $100 and only a few people know bitcoin but now I think its impossible at this stage big player already own bitcoin they wont let it, but gov still can make money from it like applying tax or whatever
With the current value that is high enough, as you say, it is true that the government can naturally take advantage of the tax generated from each transaction. Obviously this is very profitable for the tax generated, which is certainly not small because every day the resulting transactions are quite large. but in the end it returned to the government itself, whether to do that or other actions. 
maybe the US applies the rules of bitcoin not to legalize or illegal, but the US government provides more rules where bitcoin in the US must run according to the rules and directives of the government. it is natural, because each country has its own rules for what is in the country
if the government does not participate in implementing and providing rules, it will certainly be chaotic, it could be that BTC is used in fraudulent crimes, so it is only natural for the government to supervise and implement the
yes maybe when it is still below $100 and only a few people know bitcoin but now I think its impossible at this stage big player already own bitcoin they wont let it, but gov still can make money from it like applying tax or whatever
maybe the US applies the rules of bitcoin not to legalize or illegal, but the US government provides more rules where bitcoin in the US must run according to the rules and directives of the government. it is natural, because each country has its own rules for what is in the country
I consider the banning of crypto by some governments and financial institutions as "myopic". It is an inevitable improvement in the financial space and the world entirely, how can you ban such a wonderful evolution of finance and expect to be ahead in the financial space.
I would say, because I still believe that bitcoin is in it's early stage things like this is bound to happen because people are resistant to new innovations and since it even has everything to do with the financial aspects of every Government, we could continue to see this resistance and ban on crypto but I believe there will be some form of more acceptance even by this government years down the line once they fully understand that Bitcoin or cryptocurrencie is part 9f the system now. 
You know that not all countries in the world are crypto-friendly. In the meantime, various countries have tried to prevent their people from using cryptocurrency but have failed miserably. The Chinese government has repeatedly banned Bitcoin mining and tried to centralize Bitcoin but to no avail. The Indian government intervened in the use of Bitcoin in their country but they were unable to stop people from using Bitcoin. A few days ago, the Nigerian government confiscated the bank accounts of Bitcoin users in their country, but the government's decision was thumbed down, and Bitcoin has been the first premium value transaction in their country.
Despite all this controversy, bitcoin is a very effective alternative to dealing with shortcomings in transactions using conventional currency. besides that bitcoin is very multifunctional, can be a trading commodity and an investment tool, it can also be used as an alternative payment even though it is not yet fully.the development of technology makes us have to continue to evolve, however, all things inevitably have positive and negative sides. use this opportunity as best as possible to maximize profits.
You know that not all countries in the world are crypto-friendly. In the meantime, various countries have tried to prevent their people from using cryptocurrency but have failed miserably. The Chinese government has repeatedly banned Bitcoin mining and tried to centralize Bitcoin but to no avail. The Indian government intervened in the use of Bitcoin in their country but they were unable to stop people from using Bitcoin. A few days ago, the Nigerian government confiscated the bank accounts of Bitcoin users in their country, but the government's decision was thumbed down, and Bitcoin has been the first premium value transaction in their country.
Exactly. Each country has its own set of rules from which citizens have to abide. Not every government finds crypto to be attractive. Some consider it to be a threat to their monetary system. It's why countries like China, India, and Russia prohibited the use of Bitcoin and other cryptocurrencies. But they've ultimately failed, because of the decentralized and censorship-resistant nature of crypto/Blockchain tech. The more governments try to destroy Bitcoin, the stronger it gets in the mainstream world. Sooner or later, governments will realize that "banning" crypto is a waste of time. Either they join the crypto/Blockchain bandwagon, or be left behind in the dust.
Nonetheless, nothing in this world lasts forever. Everything will depend on how long people are willing to support Bitcoin and other cryptocurrencies on the market. If governments start banning crypto, then the growth of the industry will stifle. This means a reduced user base, since most people will be afraid to use something that's illegal in the first place. We're going to have to see whenever CBDCs will reduce demand for crypto, or all the other way around. Just my opinion
You need to understand that the government can do nothing about bitcoin, if they could do something about it, this could have been done long time ago. It's the evil banking sector and the capitalist trying to inspire the government against bitcoin, it's public knowledge that it's already a lost battle. This technology is bigger than any government combined.
Do not underestimate the capabilities of states. We can be convinced of this even on the example of the SEC lawsuit against Ripple Labs, which is currently under consideration. As soon as the lawsuit was filed last December, the price of ripple immediately fell several times, after which the US cryptocurrency exchanges suspended the listing of ripple on exchanges. One can imagine what will happen if states at the G20 level decide to ban the circulation of cryptocurrencies, and then many states duplicate this decision at the national level with the establishment of criminal liability for such a violation. In fact, all cryptocurrency exchanges and exchangers will stop working, and the cryptocurrency will be driven into the shadows, only a few enthusiasts will be able to make transactions with each other, and by that time the price of the cryptocurrency will fall to the depreciation level, since there will no longer be sufficient demand for it.Therefore, it is better for cryptocurrency not to conflict with states.
I agree that we should not underestimate the government, even if it fails to control Bitcoin, but it is not a good thing to have problems with
the government. As you said, when XRP had problems with the SEC, XRP prices had fallen quite deep and were left behind by many of its investors.
Even though XRP was surprisingly back on its feet, it was best to avoid conflict with the government. I want the government to be more open
to cryptocurrency, because if the government can legalize cryptocurrency in my opinion the world economy can be better. But unfortunately there are
still countries that do reject and prohibit their citizens from using Bitcoin, although I believe the citizens still have a way to keep using Bitcoin,
it would be great if all countries could accept Bitcoin. I believe it can happen, we just need to be patient until it becomes a reality.
You need to understand that the government can do nothing about bitcoin, if they could do something about it, this could have been done long time ago. It's the evil banking sector and the capitalist trying to inspire the government against bitcoin, it's public knowledge that it's already a lost battle. This technology is bigger than any government combined.
Do not underestimate the capabilities of states. We can be convinced of this even on the example of the SEC lawsuit against Ripple Labs, which is currently under consideration. As soon as the lawsuit was filed last December, the price of ripple immediately fell several times, after which the US cryptocurrency exchanges suspended the listing of ripple on exchanges. One can imagine what will happen if states at the G20 level decide to ban the circulation of cryptocurrencies, and then many states duplicate this decision at the national level with the establishment of criminal liability for such a violation. In fact, all cryptocurrency exchanges and exchangers will stop working, and the cryptocurrency will be driven into the shadows, only a few enthusiasts will be able to make transactions with each other, and by that time the price of the cryptocurrency will fall to the depreciation level, since there will no longer be sufficient demand for it.Therefore, it is better for cryptocurrency not to conflict with states.
You need to understand that the government can do nothing about bitcoin, if they could do something about it, this could have been done long time ago. It's the evil banking sector and the capitalist trying to inspire the government against bitcoin, it's public knowledge that it's already a lost battle. This technology is bigger than any government combined.
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You know that not all countries in the world are crypto-friendly. In the meantime, various countries have tried to prevent their people from using cryptocurrency but have failed miserably. The Chinese government has repeatedly banned Bitcoin mining and tried to centralize Bitcoin but to no avail. The Indian government intervened in the use of Bitcoin in their country but they were unable to stop people from using Bitcoin. A few days ago, the Nigerian government confiscated the bank accounts of Bitcoin users in their country, but the government's decision was thumbed down, and Bitcoin has been the first premium value transaction in their country.
As soon as the major financial centers of the world agree on a common policy regarding bitcoin and alternative cryptocurrencies, we will see how quickly its value will soar even higher.
It is a hope that the major financial centers of the world will agree on a common policy 
. The market has soared to a level that we should expect some kind of regulation in the near future and i am sure everyone is expected and curious to know what kind of taxation they will be implementing.Legalization is already underway in a number of developed countries, developing countries are also not lagging behind this process. Those governments that will ignore this process will be left behind the train that rushes into the future swiftly and with no alternative. It's a matter of competition, like the once-sound monetary policy with conventional currencies.
The cryptocurrency market will be well and good without the government intervention, just let the market thrive and even if they want to come up with regulation it should be to weed out the scammers and not the restrict the investors in any way shape or form. 
As soon as the major financial centers of the world agree on a common policy regarding bitcoin and alternative cryptocurrencies, we will see how quickly its value will soar even higher. Legalization is already underway in a number of developed countries, developing countries are also not lagging behind this process. Those governments that will ignore this process will be left behind the train that rushes into the future swiftly and with no alternative. It's a matter of competition, like the once-sound monetary policy with conventional currencies.
Turkey did it.
The Turkish Central Bank has banned the use of Bitcoin and other cryptocurrencies to pay for goods and services. The news came as a thunderbolt to 80 million Turks who have long found cryptocurrencies a solid refuge from the huge loss of purchasing power of the national currency, the Turkish lira (TRY).
The news is not completely unexpected: it's long been rumoured that Bitcoin was about to be squeezed, even though there's been a soar in its popularity, in conjunction with a not exactly brilliant domestic monetary situation.
Good luck Turkey, Turkish bitcoiners will hodl anyway.
The Turkish Central Bank has banned the use of Bitcoin and other cryptocurrencies to pay for goods and services. The news came as a thunderbolt to 80 million Turks who have long found cryptocurrencies a solid refuge from the huge loss of purchasing power of the national currency, the Turkish lira (TRY).
The news is not completely unexpected: it's long been rumoured that Bitcoin was about to be squeezed, even though there's been a soar in its popularity, in conjunction with a not exactly brilliant domestic monetary situation.
Good luck Turkey, Turkish bitcoiners will hodl anyway.
Getting banned doesn't really matter what marketcap it has, the government can place ban on bitcoin for a stoopid reason, but even if they do place ban on bitcoin, it's never going to affect your bitcoin in your wallet, because the bitcoin is urs and no one can take it from you, also the government placing ban on bitcoin is a big joke, its just like locking a gate that has no fence , the citizens will still make use of bitcoin no matter how tight the restriction is in their country.
, the citizens will still make use of bitcoin no matter how tight the restriction is in their country.Exactly. Bans won't have a direct effect over your Bitcoin holdings whatsoever. As long as you control the private keys, you control the coins. It would've been another story if you had Bitcoin on a centralized wallet or exchange. Governments could simply confiscate your coins or even take down the service altogether with ease. That's not possible with non-custodial wallets and decentralized exchanges. While a government ban will reduce mainstream adoption of Bitcoin and other cryptocurrencies, the underlying Blockchain network will remain "untouched". People will be able to get access to the decentralized economy via other means which don't involve a middleman or third party. As long as crypto remains decentralized, there should be nothing to worry about.
Nonetheless, I doubt most countries would want to ban Bitcoin. They would be missing a huge opportunity to profit from taxes if they'd "banned" people from using it. As long as it's easy to collect taxes from Bitcoin and other cryptocurrencies, governments will give the "green light" for the growth of the industry in general. India has realized this and it shouldn't be long enough before both China and Russia join the game. Just my opinion
the issue of government restrictions on crypto has already blown, I think the ban is just an issue and will remain an issue forever, the proof is that if us ban bitcoin, of course they have done it many years ago, but the proof is that they let bitcoin continue to grow and will continue to be supported by big company, if the government wants to ban bitcoin, now I am sure it will be very difficult, because it is too late ...
We all also know that bitcoin is quite controversial, even though it has many benefits that are increasingly understood by many people, bitcoin can also be used freely on the black market or other illegal activities, which is why many governments place restrictions on the use of bitcoin. I think that limitation is also a form of economic sovereignty, where the government regulates the currency in effect in the country.We should not argue about this anymore, as long as we can use and utilize it, according to the rules set by the government, then everything will be fine. even if there is a ban, there is still a "way"
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