Topic: What if Government bans Bitcoins? (Read 6112 times)
in my opinion, it will not be possible for the government to ban bitcoin, because some countries benefit from bitcoin and on the contrary the world will definitely accept cryptocurrency, so for me such a thing would not be possible
while the internet and cyberspace still exists, bitcoin and cryptocurrency will continue to live and will continue to grow, banning government agencies will not affect crypto activities, can not prevent it.
Lucky are countries where bitcoin is not banned because they can make more money and additional income from it. In my country they don't prohibit it
Governments in several countries have set rules forbidding bitcoin, this may only affect the country and has no effect in many countries. so I think the government will only make rules about banning in their respective countries.
If many Bitcoin governments will lead to significant devaluations within 24 hours of the announcement, the banning of Bitcoin will likely push Bitcoin prices down significantly in a short time, like what happened in 2013.
Investors and businesses need to understand that the advantage of recognizing Bitcoin as a global and decentralized valuation tool is that no organization or individual has the capacity to prohibit or remove this network.
Investors and businesses need to understand that the advantage of recognizing Bitcoin as a global and decentralized valuation tool is that no organization or individual has the capacity to prohibit or remove this network.
The governments bans bitcoins by misusing his power. Bitcoins regulation asap in many countries. Actually governments thinking is different from public.
Using btc make violations and also misusing btc by illegal acts those a lot of reasons involvement so that governments very concerned. Governments opposition with BTC in many countries.
Using btc make violations and also misusing btc by illegal acts those a lot of reasons involvement so that governments very concerned. Governments opposition with BTC in many countries.
this could happen, because so far the development of bitcoin has been very progressive, because it is alleged that it can help the economy of certain countries. and the community is easy to play. and so far the majority of people have become wealthy because thanks to bitcoin is growing alongside the growth of the world's human beings.
Bitcoin was many times threaten by governments and banks and they might try to ban it but I am sure bitcoin will win in this fight.
If my governments will ban bitcoin. I will give all my cryptos to my family abroad. So they can trade it for me. Some of my family members abroad are into cryptocurrency as well.
If your Country bans Bitcoin, transfer your Bitcoin to a wallet of a foreign country (Coinbase operates in 32 countries). If you want to cash in, then use third party services like Virwox to get USD in Paypal, then use Paypal to get cash in your local currency.
Bitcoin is like Torrent, peer to peer and you can’t block it. If you have access to internet, You can use Bitcoin anytime, anywhere!
Bitcoin is like Torrent, peer to peer and you can’t block it. If you have access to internet, You can use Bitcoin anytime, anywhere!
I'm not sure if coinbase is exactly the company you can rely on if your country bans bitcoin, as they will very likely report to the local authorities sooner or later. But there are other options, such as decentralized exchanges.
Let us all pray for this never ever happen. Many people would lose almost all their money.
the government has banned bitcoin. to date, no country has officially announced if their country legalizes bitcoin. but, until now crypto users are increasing and they ignore the rules of the government and the government just keep quiet when crypto users are increasing. so, the government's decision to legalize or not about cypto, crypto users still exists and they still carry out trading and mining activities.
Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
if in my country there was such a situation then I would definitely choose to move abroad. move to a country that does not prohibit bitcoin. but I think events like this will not happen in my country. because my country adheres to a democratic system so that if the cryptocurrency site is closed, all bitcoin holders will protest.governments in my country only prohibit making payments with bitcoin. but for investment and trade is still permitted. actually crypto will not threaten a country's economic system. only a large part of the country is afraid of crypto growing uncontrollably and threatening their currencies.
If all government in all countries around the world bans Bitcoin, thats the end of cryptoworld.
maybe it could happen, but I'm sure, that not all countries do this. like in my own country, for example, bitcoin and crypto are growing very rapidly, and so far the government has not prohibited playing bitcoin. because it feels the presence of bitcoin is very helpful for the economy of the community by having the effect of reducing poverty in my own country.
In reality, most of the countries give the green light to Bitcoin. They understand that people can earn on it a lot, exchange it for fiat and then use the traditional money to buy different things and help the economy.
If my country bans bitcoin, I will think about moving to another country that is more loyal to modern technology. It seems to me that banning cryptocurrency is wrong and will hinder the development of the country in the future.
I thought it would be easy to circumvent these prohibitions. Yes, it will complicate your work with bitcoins, but we will have no other choice. But I still hope that the government's complete ban on cryptocurrency is just our assumption and it will never happen.
I didn't think there would be a global cryptocurrency ban. This is simply impossible, because each country has its own government, and accordingly, its own view of the cryptocurrency. And absolutely not all of them are set to ban this technology on their territory.
Many governments have already tried to ban either cryptocurrencies or bitcoins. They cant practically ban them so they bring in regulations on exchanges so that it gets harder for user to buy/sell. Indirectly telling common people not to use them.
I think if bitcoin is not given permission to circulate and the use of bitcoin is not allowed then this bitcoin price will be very cheap because many will sell it because they hear bad news like this.
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