Topic: Why has not any government stopped Bitcoin? (Read 2090 times)
In fact, governments and banking institutions in many countries are obstructing the development of Bitcoin, but the biggest feature of Bitcoin is its security and anonymity, which means that when you own Bitcoin, the government and banks will not know. And will not freeze your Bitcoin account. They can only suppress Bitcoin by introducing policies and regulations, but this is difficult, because for many people, Bitcoin is a channel for them to make money. They will not care about the government's warnings and suppression policies, because this has no effect on them!
The answer to this question is very simple. When Bitcoin first appeared, only advanced netizens and programmers knew about it. The community did not grow as fast as it does today. And then bitcoin was worth nothing - most often it was treated with humor from there and all these stories about sold pizzas and so on. However, time passed and its price increased - when it reached significant heights - financial markets began to pay attention to it and already behind them - governments, but it was too late to try to do something, even if they could do something there was a chance missed.
Bitcoin is a decentralized token. No one can trace its transaction. A Government can ban bitcoin from his country. But no government can stopped it. Because no one can that power to stop bitcoin. Bitcoin is run now by its own style and character. 
If you do not believe in one world government, then this statement is incorrect. Many people know that there are countries where there is a total negative attitude towards bitcoin and other cryptocurrencies from the very beginning, their appearance. And this attitude somewhere has already begun to change for the better, somewhere the opinion has completely changed and bitcoin has become legal and taxed. The flexibility of government is a sign of the wisdom of the people who work there. In my opinion, we are close to the moment when the legal circulation and circulation of cryptocurrency will be recognized and approved at the United Nations level, then all members of the world community will join this. Regular money is rapidly losing popularity - this is inevitable.
How can it be possible for government to ban what they can't control or get held on. Bitcoin is decentralized which means you can't trace it, control it or know where the transaction is being carried out on.
The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible
States have very broad powers and capabilities in relation to the circulation of cryptocurrencies. The financial sphere has always been the sphere of exclusive powers of the state, here they dictate their conditions.The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible
We see ripple's price drop immediately when the SEC filed a lawsuit against two Ripple Labs executives last December. In addition, cryptocurrency exchanges located in the United States have also refused to trade this coin. This is despite the fact that the SEC has no complaints about ripple itself. So the opportunities for governments to influence a decentralized cryptocurrency are enormous and should not be neglected.
First of all why it should be stopped by the government???
There is many positive things on blockchain and Bitcoin that should be legally approved and accepted by every government in this world. That is what everyone is expecting in the crypto or community.
Let's hope all will adopt blockchain and make blockchain government throughout this world.
So many industries is diverting to Blockchain mode of operation. Which enables them to get things done without much manpower. Blockchain is fast and easy to operate on. There is many positive things on blockchain and Bitcoin that should be legally approved and accepted by every government in this world. That is what everyone is expecting in the crypto or community.
Let's hope all will adopt blockchain and make blockchain government throughout this world.
Government banning crypto will be kinda of difficulty to accomplished. Crypto can only be regulate.
We're in the verge of digital era, no more analog settings. Blockchain is leading the way of advanced technology and government has no option to legalize bitcoin
Governments have done enough to dissuade common people from using Bitcoin extensively.
Because Internet is to vast and government can't stop people from using Bitcoin extensively the only thing that they can do as of now is to control/monitor on bitcoin transactions.Quote
Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
Every people do have different views on bitcoin and so are the government, It is possible to ban it on a certain country and on some point but they don't have the power to end it at all. 
Seems they are after it. At least those 'cryptic' parts, additions, hooks that gets things darkside points
https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework
https://www.justice.gov/opa/pr/attorney-general-william-p-barr-announces-publication-cryptocurrency-enforcement-framework
First thing is Bitcoin is legal in some countries and luckily some are using bitcoin as their daily payment method and options.Except countries Like india will ban this if this is at their hand.We know about bitcoin that this is a decentralised currency that trades by p2p and it has public demand as it is simple and helpful.So people are sticking with bitcoin.That's why Government Can not stop bitcoin yet.
How can it be possible for government to ban what they can't control or get held on. Bitcoin is decentralized which means you can't trace it, control it or know where the transaction is being carried out on.
The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible
The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible
Why impossible? Dont' fool yourself.
How can it be possible for government to ban what they can't control or get held on. Bitcoin is decentralized which means you can't trace it, control it or know where the transaction is being carried out on.
The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible
The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible
From what i've seen and heard, they tried but until now they can't really do much. infact some government already ban transaction with cryptocurrency and restrict the user, that's pretty much what they can do and they already did it.
The government has banned the cryptocurrency Bitcoin. The government is working hard to get its people to move away from bitcoin. But the government does not have the power to curb bitcoin. In almost all countries, there is a problem when cashing bitcoin.
They have a chance when it was starting out ten years ago, but now that Bitcoin is very popular and there are traders and holders in many countries and these are first world countries so it's almost impossible now to ban Bitcoin the closest they can do is to regulate Bitcoin ansd impose taxes, so instead of banning Bitcoin they should just, make it a revenue generating project.
Because of decentralization, no government can control bitcoin. Also can't trace its transaction. Government can't get any charges or taxes. For this reason some government stopped or say it illegal in their country.
The government has banned the cryptocurrency Bitcoin. The government is working hard to get its people to move away from bitcoin. But the government does not have the power to curb bitcoin. In almost all countries, there is a problem when cashing bitcoin.
many people are involved in bitcoin transactions because the mechanism is easy and fast, so they don't care about government restrictions because the system that government intervenes is too complicated and too long.
Bitcoin popularity has gone all over the globe since her creation. The government didn't known that bitcoin will blossom in such a way that it will be difficult to control is circulation. They only thing they can do against bitcoin is not to be in full support of it, by telling their citizens not to invest in it cos they can't trace bitcoin transactions in case someone lost his or her money.
They have not able to stopped it when it was just starting out now it's become viral how they are going to do it now, it's going to be useless and a lost effort on their effort if they try to do it now, and even if they have a warning with so many videos and open information about Bitcoin and Cryptocurrency on it's beauty, they will likely support Bitcoin and eventually invest on it.
One think comes to my mind is Bitcoin is unstoppable and government just scared because so many transcation point to the illegal things such a drug dealer and dark web things and based this
there's some transaction about funding terrorism. in my country it self there's some rule about it like its prohibited use bitcoin for buying anything. so u can still use bitcoin but u can't spend it. maybe some country will implemented this rather ban it.
there's some transaction about funding terrorism. in my country it self there's some rule about it like its prohibited use bitcoin for buying anything. so u can still use bitcoin but u can't spend it. maybe some country will implemented this rather ban it.
They might stop all of it, cause the defi shit and scams we see
https://twitter.com/brucefenton/status/1293959332510470145?s=20
https://assets.documentcloud.org/documents/7035314/Complaint.pdf
https://twitter.com/brucefenton/status/1293959332510470145?s=20
https://assets.documentcloud.org/documents/7035314/Complaint.pdf
There are several reasons for this.
First, the G7 and G20 states have come to the conclusion that bitcoin and other cryptocurrencies do not pose a threat to the stability of the global financial system. Therefore, no common efforts by states to ban the circulation of bitcoin have yet been made.
Secondly, it is unlikely that states will be able to fully control their decision to ban the circulation of bitcoin. They can severely restrict its circulation by administrative measures, but they cannot prohibit and track transactions between people. To do this, you need to turn off the Internet, and no one will go for it.
First, the G7 and G20 states have come to the conclusion that bitcoin and other cryptocurrencies do not pose a threat to the stability of the global financial system. Therefore, no common efforts by states to ban the circulation of bitcoin have yet been made.
Secondly, it is unlikely that states will be able to fully control their decision to ban the circulation of bitcoin. They can severely restrict its circulation by administrative measures, but they cannot prohibit and track transactions between people. To do this, you need to turn off the Internet, and no one will go for it.
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