Donald Trump has criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to US and global regulations if they wanted to “become a bank”. https://twitter.com/tvboxinghd/status/1337843214573694979
Topic: Is it possibleTrump Will Prohibit Bitcoin? (Read 1034 times)
I think that bitcoin is unstoppable. As much as Trump doesn't like bitcoin I don't think he has power whatsoever to stop bitcoin.
what they mean here is he can stop btc on his own country and not stopping btc as whole because that wont be possible to the fact that every country has its own government or president and other country are not against the use of bitcoin . if other country can stop btc , that only means that btc is stoppable and not unstoppable . anywyay , whats the latest update about trump and btc ? i havent been following the issue for a while
For example, China is one of the countries that banned Bitcoin but people are still using Bitcoin at high rates. So, I think Bitcoin usage can't be prohibited completely. Because Bitcoin is not in the control of any government, person etc. .
Well it would be but more likely, it will be only limited to the areas under his powers/authority. He has the power to do so if he does not feel something would be benificial for his country. This is not different to those countries wherein Bitcoin and other cryptocurrencies are not legal.
This would only be possible if he would find it unnecessary or his pride will just tell him to just ban it. But this could still be stopped once adaptation spreads more. If the development will be in a positive direction in the future and if someday he will realize the benefits one could get from using Bitcoin, things might go the other way around. Same thing goes for other countries wherein cryptos are not widely being used.
This would only be possible if he would find it unnecessary or his pride will just tell him to just ban it. But this could still be stopped once adaptation spreads more. If the development will be in a positive direction in the future and if someday he will realize the benefits one could get from using Bitcoin, things might go the other way around. Same thing goes for other countries wherein cryptos are not widely being used.
For sure he can. This person has so much power, that he can almost do or ban anything.
I really doubt he is going to, since then the bitcoin could help the USA now to recover the financial situation.
It would be better if he encourages it.
ya.ya.yo!
I really doubt he is going to, since then the bitcoin could help the USA now to recover the financial situation.
It would be better if he encourages it.
ya.ya.yo!
Well, Trump is capable of everything but I don't think he is going to ban Bitcoin. It's not quite clear what he would achieve with that and also at the moment I think that Bitcoin is the last thing of his priorities. And it's not connected with ban of tiktok like some think.
I think it is impossible for Donald Trump to ban or prohibit bitcoin, even "he says bitcoin and cryptocurrency is based on Thin Air and not considered as money" because if he wants to ban bitcoin, he already takes an action about it before he plans to banned tiktok in the US.
If other Presidents from different countries have taken attention to Bitcoin and the whole Cryptocurrency Industry, President Trump is also capable of doing that. It just depends on whether how he will take the information regarding Bitcoin. If he sees it as an opportunity on where the government can benefit, he might place some rules and regulations regarding on how to use it BUT if he sees it as a threat, then he can possibly ban it.
I think that will depend on the countries that we are talking about. There are countries that he have some alliance with and there are those that he don't like and if we will be talking about those countries that he doesn't like, I think there is a high possibility that he will be banning it. He might also find a way to counter it, maybe a way to fight it.
I do remember the president making some anti bitcoin statements. But, I doubt he will jump over and start banning the use of bitcoin. Even if he does, it is not going to be good from him.
The big question is, how is he going to prohibit people from using it? I mean bitcoin is decentralized. As long as people do convert it to cash or use the banks, there is nothing the Government can do. It is more hard to stop the usage of bitcoin than you think.
The big question is, how is he going to prohibit people from using it? I mean bitcoin is decentralized. As long as people do convert it to cash or use the banks, there is nothing the Government can do. It is more hard to stop the usage of bitcoin than you think.
i dont think his attention right now will be on crypto or bitcoin. there's a lot of pressing matters right now, not only in the States but all around the world. so i dont think he will dedicate his time banning crypto. and a lot of progressive countries are already open arms with crypto, what's the advantage if he will prohibit bitcoin? so very unlikely about such move. the government may regulate the usage of crypto but not prohibiting the use of it. as you said, btc is decentralized, so prohibiting the use of it is just futile!
I do remember the president making some anti bitcoin statements. But, I doubt he will jump over and start banning the use of bitcoin. Even if he does, it is not going to be good from him.
The big question is, how is he going to prohibit people from using it? I mean bitcoin is decentralized. As long as people do convert it to cash or use the banks, there is nothing the Government can do. It is more hard to stop the usage of bitcoin than you think.
The big question is, how is he going to prohibit people from using it? I mean bitcoin is decentralized. As long as people do convert it to cash or use the banks, there is nothing the Government can do. It is more hard to stop the usage of bitcoin than you think.
President Trump's attitude, which tends to be anti-Bitcoin, has raised the discourse that he could forbid the ownership of Bitcoin for citizens of the United States (US) in the future.
This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.
Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.
This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.
Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.
I think that Trump does not even play a relevant role in this equation, remember that his mandate ends in a couple of months. And the USA at no time has planned to ban Bitcoin, it has only wanted to regulate them, but if you look closely, one of its latest decree has been to allow the custody of Cryptos in its national banks so what you say does not make much sense.
I'm not so sure president Trump banned Bitcoin, he's a businessman and probably understands Bitcoin and cryptocurrencies, because a lot of people in America are investing in Bitcoin, and the American presidential election is coming up, and Trump will focus more on the presidential election than banning Bitcoin. in America
A better question would be: "is it possible (by any politician or government) to prohibit bitcoin?" How would that work? Bitcoin is an Open Source software solution, basically it's just code that can be extremely easily copied, stored and transfered. Trying to regulate or prohibit its use would be a nightmare. Of course as history proves, all sorts of ridiculous legislations are possible to be made by the governments, but bitcoin is not a material item that can be easily controled, searched for and taken away from people. Bitcoin is information. And banning information is extremely hard, as proven by the longevity and popularity of bittorrent. If the governments couldn't do nothing about a group of hobbyists sharing movies and video games, do you think they have a chance against something like bitcoin?
President Trump's attitude, which tends to be anti-Bitcoin, has raised the discourse that he could forbid the ownership of Bitcoin for citizens of the United States (US) in the future.
This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.
Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.
If we think like that, he can make regulations on the prohibition of using bitcoin, because indeed the attitude of the trump on cryptocurrency is not good and tends to monitor until now. As we know that trump regulation is only in his country, and it is impossible to ban bitcoin in the world because besides not having much influence on him, it is not in his power. I think Trump is currently more focused on the next presidential election, from some of the issues I read on news portals about the new movement of Trump to strengthen relationships and increase the faction. This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.
Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.
I don’t see any problem if they are going to be aggressive in tackling people who are involved in money laundering crimes, such people deserve it. I just don’t want them to stop the use of Bitcoin as a whole, because I wouldn’t be happy. Bitcoin has been really useful and that’s how I have been receiving most payments from clients I work with.
Good thing about it is that the fees I’m paying for it is small, compared to what I have to be paying in banks. I just receive the money to my wallet and then withdraw it from my Luno app and pay a less fee and the money will be sent to my bank account because Luno operates locally in my country.
Good thing about it is that the fees I’m paying for it is small, compared to what I have to be paying in banks. I just receive the money to my wallet and then withdraw it from my Luno app and pay a less fee and the money will be sent to my bank account because Luno operates locally in my country.
Trump can control local money with the dollar, but even if he has all that power, he can never control Bitcoin because this currency is increasing in popularity day by day and no one can control or stop it.
President Trump's attitude, which tends to be anti-Bitcoin, has raised the discourse that he could forbid the ownership of Bitcoin for citizens of the United States (US) in the future.
This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.
Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.
This discourse is based on two possibilities, namely Trump's tweet in 2019, that Trump is not a Bitcoin lover and second is a recognition of Trump's similar attitude, as stated in the book by John Bolton, a former White House security adviser.
Responding to the discourse of a possible ban on Bitcoin ownership, many people say the most likely action is an aggressive step by the government in dealing with laundering crimes related to Bitcoin and other crypto assets. Direct banning seems impossible, because Bitcoin is practically outside the structure of the country.
If other Presidents from different countries have taken attention to Bitcoin and the whole Cryptocurrency Industry, President Trump is also capable of doing that. It just depends on whether how he will take the information regarding Bitcoin. If he sees it as an opportunity on where the government can benefit, he might place some rules and regulations regarding on how to use it BUT if he sees it as a threat, then he can possibly ban it.
The possibility is always there that a certain president of country will prohibit the use of bitcoin or crypto currencies if the can sense a danger in it but if it will not bring any harm to their
government then the chances that they are going to prohibit it is very less. But with regards to Trump actions, I cannot predict him at all so anything is impossible within his term.
Let's just hope that Trump will not fully prohibit the usage of bitcoin in their country even if we can see that Trumps attitude is quite not good in terms of bitcoin as he is somewhat an anti-Bitcoin.
government then the chances that they are going to prohibit it is very less. But with regards to Trump actions, I cannot predict him at all so anything is impossible within his term.
Let's just hope that Trump will not fully prohibit the usage of bitcoin in their country even if we can see that Trumps attitude is quite not good in terms of bitcoin as he is somewhat an anti-Bitcoin.
I don't think he needs to act as a crypto-hater all the time. It is a matter of time that he will change his bad insights towards crypto and accept the change as the people want it aside from being loyal to USD. If he is able to understand the situation and what are the needs of their people by now, he could twist his mind and support Bitcoin. He should be welcoming Bitcoin instead of keeping it away at his fence.
He is in control of himself, and he is the president of a state so he can do that if he wishes as long as he has the support of his people, but hopefully it will not come to that state anymore, there's so much benefit they can enjoy of using bitcoin and crypto enthusiast in a country would certainly hate him.
If Trump will prohibit bitcoin, what he can only do is just to make a regulation but people can still transact if they want illegally. China did the same with bitcoin but the crypto space is still progressive, that's how powerful the market or we are since we are in control, not a certain country only.
I don't think he needs to act as a crypto-hater all the time. It is a matter of time that he will change his bad insights towards crypto and accept the change as the people want it aside from being loyal to USD. If he is able to understand the situation and what are the needs of their people by now, he could twist his mind and support Bitcoin. He should be welcoming Bitcoin instead of keeping it away at his fence.
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