US? No, they already use bitcoin regularly there are government would very less likely to be stopping its use. Other countries? Yes many countries have taken a negative standpoint on crypto and they are not moving from that for some years although there seems to be a spark of light.
The only way to stop bitcoin access is to cut electricity power supply. Essentially that would stop the internet from being accessed. But that is a too drastic step to be taken by anyone.
So you can be assured that such incidents will not happen and always hope for the best and betterment of the crypto space. Regulation may happen but remember that if you are a part of the law abiding citizen who does not take part in money laundering, you have nothing to worry about.
Topic: Government ban on crypto - page 9. (Read 1269 times)
No one can access the bitcoins in your custodian wallet!
No one can restruct you from making a transaction to another wallet!
No one can restrict the introduction of new coins into the market!
The only way governments can control your assets is if you store them on centralized platforms or use such platforms to exchange.
No one can restruct you from making a transaction to another wallet!
No one can restrict the introduction of new coins into the market!
The only way governments can control your assets is if you store them on centralized platforms or use such platforms to exchange.
To most non-coiners, the crypto industry is either a get-rich-quick scheme or a criminal's currency of choice.
Most of the no-coiners I have interacted with are actually being hesitant because they consider it to be a complex network for geeks, but they all actually wish they could get in. 
If US are going to ban bitcoin, they have done it years ago, but they let it flourish and now it's being used as a hedge by big institutions and companies. I think we don't know another discussions about it unless we see a change in the air as far as US government stance on bitcoin. There could be countries that have banned bitcoin, but they are only a few and look at what kind of government they have.
Exactly, but I think that they can still ban bitcoin even if a lot of influential people are owning bitcoin because they can operate it outside the US, but that thing is close to impossible with cities in US that are trying to tax people through bitcoin and funding public projects through bitcoin, I don't think that it will be close to possible and not to mention that Silicon Valley is in the US and bitcoin is a technology and banning it is essentially not wanting progress.
If US are going to ban bitcoin, they have done it years ago, but they let it flourish and now it's being used as a hedge by big institutions and companies. I think we don't know another discussions about it unless we see a change in the air as far as US government stance on bitcoin. There could be countries that have banned bitcoin, but they are only a few and look at what kind of government they have.
Many of your answers are thoughts only already-experienced people from crypto have. To most non-coiners, the crypto industry is either a get-rich-quick scheme or a criminal's currency of choice.
Speaking about declaring something illegal and billionaires, you have to understand that big names investing in an industry does not make that industry invincible or the perfect investment. In fact, it's even likely that a billionaire plotted with a government and invested in a certain stock for a specific purpose you may have no idea about.
The only (or one of the very few) reason I don't see a Bitcoin ban coming is because:
1. Chainalysis was/is a wet dream of control-thirsty governments
2. Bitcoin cannot effectively be banned considering there are alternatives to accessing the network such as Tor
Until they found out blockchain analysis can be a thing, they were showing a big oppression. Since they found out the Bitcoin network can actually be quite easily analyzed, everything seems to work flawlessly.
Bitcoin can't be stopped anymore. What happens is, instead of them banning BTC, they're turning the world into one of surveillance and full control.
Speaking about declaring something illegal and billionaires, you have to understand that big names investing in an industry does not make that industry invincible or the perfect investment. In fact, it's even likely that a billionaire plotted with a government and invested in a certain stock for a specific purpose you may have no idea about.
The only (or one of the very few) reason I don't see a Bitcoin ban coming is because:
1. Chainalysis was/is a wet dream of control-thirsty governments
2. Bitcoin cannot effectively be banned considering there are alternatives to accessing the network such as Tor
Until they found out blockchain analysis can be a thing, they were showing a big oppression. Since they found out the Bitcoin network can actually be quite easily analyzed, everything seems to work flawlessly.
Bitcoin can't be stopped anymore. What happens is, instead of them banning BTC, they're turning the world into one of surveillance and full control.
Answer
I don't know the context of the question, but your "answer" doesn't seem to answer it.
Indeed, the chance Bitcoin get banned by US government is slim. But the world is bigger than US and the question may be related to another/any government. And in that case, in the same way the internet is censored in many countries, Bitcoin can be (and I think it is!) banned by certain governments. But also "the trend" is towards adoption, not ban, so on the long term I am confident it will be allowed/accepted in every country.
Question
Answer
Bitcoin being illegal in the United States is highly unlikely for the following reasons:
1-According to the Howey test, the Trendon Shavers case established legal precedent that Bitcoin is not an illegal protection.
2-The IRS has already formalised its approach to Bitcoin (as an asset)
3-Many rich and well-connected people have personally invested in Bitcoin, and they would be upset if their political colleagues make Bitcoin illegal.
4-Traditional financial institutions in the United States, such as ICE/BAKKT (owner of the NYSE), Fidelity, TD Ameritrade, CME, and others, are now actively involved in Bitcoin mining, investing, and trading.
5-Exchanges such as coinbase, square, gemini, and others are now very big businesses that are actively interested in Bitcoin.
6-Many local states have case law and regulations on Bitcoin that makes it more difficult to make illegal.
7-There is a significant body of current case law in US courts that defines encryption and code to be covered by the first amendment.
8-Making it illegal does not ban bitcoin, but would rather show that they are a totalitarian government, albeit an incompetent one, since stopping Bitcoin is much more complicated than winning the drug war.
What are your thoughts?
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Do you guys think Bitcoin has any chance of being banned by the government? I keep hearing people say that Bitcoin has a chance of being banned, yet I don’t think so because very powerful people like Elon Musk along with other companies are large investors. Is their any weight to that statement?
Answer
Bitcoin being illegal in the United States is highly unlikely for the following reasons:
1-According to the Howey test, the Trendon Shavers case established legal precedent that Bitcoin is not an illegal protection.
2-The IRS has already formalised its approach to Bitcoin (as an asset)
3-Many rich and well-connected people have personally invested in Bitcoin, and they would be upset if their political colleagues make Bitcoin illegal.
4-Traditional financial institutions in the United States, such as ICE/BAKKT (owner of the NYSE), Fidelity, TD Ameritrade, CME, and others, are now actively involved in Bitcoin mining, investing, and trading.
5-Exchanges such as coinbase, square, gemini, and others are now very big businesses that are actively interested in Bitcoin.
6-Many local states have case law and regulations on Bitcoin that makes it more difficult to make illegal.
7-There is a significant body of current case law in US courts that defines encryption and code to be covered by the first amendment.
8-Making it illegal does not ban bitcoin, but would rather show that they are a totalitarian government, albeit an incompetent one, since stopping Bitcoin is much more complicated than winning the drug war.
What are your thoughts?
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