There have been plenty of government clampdowns. Look at places like Bangladesh and China. Elsewhere I've heard enough officialdom being neutral at worst. They're all aware that it has a lot of future potential and sending it elsewhere might hurt them eventually.
And what many here often think of as negative scaremongering from banks and governments - telling people they could lose it all and they're on their own if anything goes wrong as there's no one answerable - is, erm, the truth.
Topic: Why has not any government stopped Bitcoin? - page 6. (Read 2165 times)
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
Pretty Interesting question. But the answer is pretty simple. Government has stopped drugs but it hasn't been eradicated completely because it happens through hidden channels either out of the trace of government or generally even the law keepers collude with the accused and the network continues to grow. Same is true in case of bitcoin the channel through which cryptocurrency payments happen are actually unstoppable for any governments. because a simple internet, mobile/laptop & a thin bitcoin client would do the job of sending and receiving bitcoins. Moreover crypto is used for money laundering and tax evasion but people doing this the most are politicians themselves. So it's pretty difficult to stop bitcoin. 
They simply can't. One does not simply ban the use of a decentralized currency expecting that it won't get used anywhere, especially in their own domestic soil, for furthering their own agenda in their own fiat money. We may have seen governments go hard against traders/dealers for the past two years, especially the disappearance of local tellers in LocalBitcoins that used to be one good hub for P2P transactions but we know that they still exist, albeit in the realms within sight and reach of the governments. They can press the situation harder to make people avoid the use of bitcoin and discourage bitcoin-cash and vice-versa txs but it will still flourish, much like underground economies still teeming with life in most countries (the black markets, if you would.)
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
They should have done it when Bitcoin is just starting out but they cannot because it is decentralized and anonymous and they didn't know back then how to start, and when they finally know how to, it's already popular and many people are now adopting it, to late to start and even if they want to now, they need a lot of resources and funds to do it, they can try to regulate but not stop, it's futile to stop it.
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
If they could, they would have already done it. But in many countries they're still making it more difficult to exchange fiat money for bitcoins and vice versa, especially if you reach the volume and frequency of transactions that you're seen as a business, even more so if you use a bank account to send or receive transactions. In some oppressive countries you may even need a license if you deal with fiat money, but fortunately that is not the case everywhere.
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
First and foremost, when one is doing business with Bitcoin akin to money changing there is a law in almost any country for that and if one is not be careful in following the law there is a strong possibility that the government can be charging that person with violation of the law...this is not necessary because the government is discouraging anyone from involved with Bitcoin because even if one is not dealing with Bitcoin he must work for necessary permits in doing business.
Second, on the other hand there are really some government who are actively campaigning that their people not be involved with Bitcoin by making the cryptocurrency illegal and by prosecuting those who are found violating the directive. However, any government could not directly stop Bitcoin and I think this reality has already sunk with many of the top governments we have. As we have seen in the past many years, they can make it very difficult to own and trade Bitcoin but this does not stop those who are doing things discreetly.
The fact that some governments are dissuading their people from cryptocurrency is just another way of saying that indeed this technology can really be a big disruption to the traditional way of doing things. And this is one of the many aims of Bitcoin.
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
They can restrict or give warnings or ask people to stop using and transacting Bitcoin but there is no way for any government to stop Bitcoin from trading or owning Bitcoin and other cryptocurrencies, it's decentralized, anonymous and internet-based, the best they can do is to regulate it and taxed them, the government can make a profit from regulating this exchange, if the government can regulate casinos and online gambling sites, why not these exchange, it will add revenue to their coffers.
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
Many of the government around the world would gladly stop bitcoin if they could. Bitcoin is a decentralized currency that's traded P2P. As everything happens on the internet and has no physical form and official value, there's nothing a government can do to stop it's transaction. They can make it difficult to buy bitcoin with cash, redeem bitcoin to cash and in some cases prohibit buying goods and services using bitcoin but they can never stop a P2P trade.
the op know that fact . infact he didnt say anything online but he only said that offline money changers because that are possible to ban by local governments .
@op , why they didnt stop bitcoin ? because bitcoin is unstoppable if its being used online and bitcoin is too useful , so why would they stop it ?
but actually there are those that already ban bitcoin . they ban physical stores , exchangers and other crypto based business offline .
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
Many of the government around the world would gladly stop bitcoin if they could. Bitcoin is a decentralized currency that's traded P2P. As everything happens on the internet and has no physical form and official value, there's nothing a government can do to stop it's transaction. They can make it difficult to buy bitcoin with cash, redeem bitcoin to cash and in some cases prohibit buying goods and services using bitcoin but they can never stop a P2P trade.
Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.
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