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Topic: Will the government ban bitcoin? - page 13. (Read 2138 times)

hero member
Activity: 1246
Merit: 529
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April 26, 2018, 07:52:31 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
In my country, the government is now fully recognized bitcoins as money. They will not ban bitcoin because bitcoin has now important role in our economy. Many people are now using digital currencies because of the benefits that they can earn.

Right. Not all countries are against btc. In fact, if you think about it, there are more countries who are leaning toward accepting bitcoin and crypto. Of course those governments that implement ban have valid reasons but certain things can be done to make btc acceptable to them as well
member
Activity: 218
Merit: 10
April 26, 2018, 07:27:27 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
Maybe yes if bitcoin will be a threat to the protection of the people in the country and if the criminals use bitcoin for illegal purposes. Bitcoin can be a payment system, maybe the criminals use bitcoin to pay all the drugs the bought and illegal activities that they did. Government can ban bitcoim if it is a threat to the money that the people invest.
sr. member
Activity: 952
Merit: 274
April 26, 2018, 07:25:43 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
In my country, the government is now fully recognized bitcoins as money. They will not ban bitcoin because bitcoin has now important role in our economy. Many people are now using digital currencies because of the benefits that they can earn.
newbie
Activity: 112
Merit: 0
April 26, 2018, 07:24:21 AM
it is possible, but the technologi. i don't think so
jr. member
Activity: 196
Merit: 1
April 26, 2018, 07:20:52 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
Not all Governments will ban Bitcoin in their country. Yes, there may indeed be some Government that prohibits Bitcoin in his country. The government of my country indeed forbids Bitcoin but only prohibits if used as a tool of transactions, if as investment assets are still allowed the most important is always careful in doing so. Because the Government in my country also do not want if the citizens suffered huge losses due to investing in Bitcoin.
hero member
Activity: 854
Merit: 500
April 26, 2018, 07:19:56 AM
At my opinion would be very difficult for any government to ban bitcoin. Internet nowadays have many possiblilties and can't be controled that easily like newspapers for example.
newbie
Activity: 196
Merit: 0
April 26, 2018, 06:25:52 AM
If the government can not have benefits with bitcoin, like taxes and securities and exchanges aknowledgement, then the government will surely banned that bitcoin in that area or country it activated. So if the bitcoin can not have coutesy agreement between bitcoin and government this means that bitcoin will banned by that goverent.
member
Activity: 182
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April 26, 2018, 06:24:23 AM
The government won't be able to ban bitcoin, only if all world governments collude and disable the internet, but this will not happen, i think. The government may forbid us to pay with BTC and stores to accept it as a means of payment, but there will still be such crypto enthusiasts
 that will accept bitcoin regardless of whether the state permits or not. and no one will punish them for it, payments are anonymous.
newbie
Activity: 27
Merit: 0
April 26, 2018, 06:21:59 AM
I heard news that some countries tried to ban cryptocurrency. But, in our country, the government is just planning to charge bitcoin users of tax.
newbie
Activity: 84
Merit: 0
April 26, 2018, 06:13:19 AM
Bitcoin could divide World in two pieces. Some goverments using Bitcoin some banned it. It looks likes red and blue pills, and everyone must make a decicion
newbie
Activity: 113
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April 26, 2018, 06:00:41 AM
There are already countries that banned Bitcoin exchanges as well as other cryptos. That maybe because of the volatility in the market which is a risk on implementing a currency which needs to be stable. Countries who banned bitcoin has their own reasons.
jr. member
Activity: 294
Merit: 1
April 26, 2018, 05:52:27 AM
Bitcoin has been existing  for some years and it was able to withstand the test of time.  Government placing ban on bitcoin won't be a new developments.
full member
Activity: 406
Merit: 101
April 26, 2018, 05:48:39 AM
What I think if the government in our country ban the bitcoin, I think they wouldn't ban bitcoin instead they will think of a way in which bitcoin will help them in various way like taxing them to help the economy of our country.
newbie
Activity: 210
Merit: 0
April 26, 2018, 05:24:41 AM
In my opinion, most of the governments who are not so friendly to Bitcoin are those who are threatened about it because it is something that they cannot control and it is something that they are not getting anything from like taxes. I think all they want is to ensure that they will get something out of it, most of them will just have regulations of applying taxes to Bitcoin.
newbie
Activity: 50
Merit: 0
April 26, 2018, 04:44:20 AM
Any gov that bans bitcoin will pass power to their competing countries who allow this innovation and then investors will just move.
newbie
Activity: 196
Merit: 0
April 26, 2018, 04:40:51 AM
The government banned bitcoins because they were afraid of bitcoin as a bad influence on their citizens as well as their economies, and bitcoin did not hurt them. Bitcoin is a relatively safe and trusting environment for you so I believe the government's future. will not ban bitcoin
jr. member
Activity: 115
Merit: 2
April 26, 2018, 04:13:53 AM
i think no . just like cegarate goverment knows that cegarate's deadly but goverment cant even ban it ! because cegarates has a big tax
newbie
Activity: 60
Merit: 0
April 26, 2018, 03:59:19 AM
I think so too that there is really a possibility for this to happen because countries would like to be sure about the safety of their countrymen.  but they should offer some rules about bitcoin,should not to completely remove bitcoins in their country.
newbie
Activity: 118
Merit: 0
April 26, 2018, 02:43:31 AM
In other countries the bitcoin is ban because the think of gover is bitcoin are fake or scam some times the think of government the bitcoin is hacking systems.
hero member
Activity: 924
Merit: 502
April 26, 2018, 01:35:02 AM
Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
Governments only enacted laws to tax bitcoins. Governments will soon join the crypto market if they wantn't to be eliminated
Actually, the government of the countries all over the world have the authority to ban or to accept bitcoin. Today there are some countries haved accepted and used it legally but still many others don't accept even try to ban its operation. They consider it as illegal currency.But because of decentralized blockchain technology used, the government can not ban it fully. It is only can be controlled by all users involved in it.Probably in the coming years, bitcoin might be accepted and legally used after several talks and discussions regarding it. Laws and regulation are needed do be the basis of its operation daily.
Exactly! Bitcoin has no central authority, it isn’t owned by anyone. No banks, or governments can block you from sending or receiving bitcoins with anyone or anywhere else in the world. However, its wide acceptance has not been recognized by other countries and government. I don't think it can be totally banned because its ledger network can only be access to those who have been part of the blockchain technology. But government can control it's usage somehow, it has a jurisdiction.
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