Topic: Will the government ban bitcoin? - page 14. (Read 2143 times)
if it used in bad things like for scamming for sure they will ban in in their country to help minimize criminals
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
Yes, you can prohibit using bitcoin. Also, as you can not use drugs (sorry for the rough comparison), but drug addiction is widespread. And actions to ban crypto currency may fail in their case. This is due to the fact that bitcoin and altcoyins (especially early variants that appeared without ICO and obligations to depositors) are non-national, decentralized and located in several countries through the node. Their regulation will require coordinated efforts from regulators around the world. This can be a difficult task, taking into account the different levels of activity to crypto-currencies and their impact on national economies.
I don't think government will ban Bitcoin; I think they don't have any rights to ban it because of the reasom that they can't control it. Many people are earning money through, thus it is now gaining supports so it cannot be just ban.
There are some countries that banned bitcoin like South Korea and China. Their government think that bitcoin is a threat in their economic financial stability. But they can't fully ban it because bitcoin is decentralized.
Regarding whether the government has banned the bitcoin or accepted it, I think:
In the future it is acceptable to know the convenience and development of it
But on the other hand it may not be because some people use bitcoin to cheat others. Use it for bad things.
Currently in my country are banned bitcoin
In the future it is acceptable to know the convenience and development of it
But on the other hand it may not be because some people use bitcoin to cheat others. Use it for bad things.
Currently in my country are banned bitcoin
In my opinion most countries ban it. It is tax free and anonymous operation is difficult to control. The government always wants to hold. And it affects the banks
According to my view the Government does not have good and substantial motivation to boycott bitcoin. Considering the way that bitcoin change numerous existences of individuals and help to lessen neediness through giving a road to diminish joblessness and offer opportunity to gain past the lowest pay permitted by law. The administration additionally don't have the ability to control the progression of innovation that may facilitate the living of their state and country. Possibly some legislature will simply execute some law to direct bitcoin to force charges from the profit financial specialists get from taking part in cryptos. Coherently, if the legislature truly concern and ensure their state, they will never boycott bitcoin.
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?
The government has yet to enact a regulation that specifically prohibits the use of bitcoins. This means that bitcoin owners can still be free to transact with the currency, only bitcoin has not been recognized as a legal means of payment and there is no legal protection in case of cases such as theft or fraud involving the virtual currency.
Although there is nothing that can stop a government or central bank from banning Bitcoin.Most would not go that far for two reasons.Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin.
I think the Government does not have enough and valid reason to ban bitcoin. Considering the fact that bitcoin change many lives of people and help to reduce poverty through providing an avenue to reduce unemployment and give chance to earn beyond minimum wage. The government also do not have the power to control the advancement of technology that might ease the living of their state and nation. Maybe some government will just implement some law to regulate bitcoin to impose taxes from the earnings investors get from engaging in cryptos. Logically, if the government really concern and protect their state, they will never ban bitcoin.
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?
I think if the government were to ban bitcoin, they will have to undergo a very long procedure, simply because there must be some legalities as to why something is banned. Unless of course, the form of the government is more of a dictatorship then there isn't anything we can do with regards to that matter.
I think the government can stop Bitcoin or not. Because the government thinks Bitcoin is harmful for the country and the country's economy. It is a good way to earn bitcoin and earn a bad way. But when the government can realize that the elimination of Bitcoin, Do not stop. And we are waiting for that day.
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?
The thing about that, is two facts that cannot be changed.
1. Bitcoin is censorship resistant, because each full node contains an independent and complete copy of the blockchain.
2. The internet was created by the government, specifically to enable computer communications even when one or more nodes were removed.
This means two things, in order to stop bitcoin, every single full node will have to be simultaneously shut down from a network of billions of computers worldwide, running on a network specifically designed to continue operation without any possibility of disruption.
This property of bitcoin and the internet is actually caused by the extremely simple way in which computers communicate accross the internet. Since all internet activity is actually based on sending packets of arbitrary data from one IP to another, there is very little to absolutely nothing anyone can do to stop it. Especially when one considers the use of proxy servers.
It is historically commonplace for governments to make unreasonable laws, and it will always be the People's duty to stand up for what they believe in.
it is unlikely that the government will ban bitcoin. even my last night saw the news on television. investment is also important either in the form of gold or crypto. because it could be their savings for the future of their families and children .
It can Ban bitcoin, this so called gevernment if the threat level is high in their respective countries. Example are countries in Asia, some are accepting bitcoin as their currency while others are banning it in their own land for the regularity of the system. Banks are also on the move on stopping this kind of currency and still wants to implement some FIAt currency still. Bitcoin will render useless when BTC in the country was banned.
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?
I really hope it will never happen. Why the government should ban bitcoin. If indeed with bitcoin many people who can generate profits and their economy can be better with the presence of bitcoin. Hopefully the government sees the bitcoin from the positive side. So it makes no sense, if something of a positive value to the people and the government will ban it.At present, different countries have different policies and perceptions about virtual currency. Bitcoin has some countries that have opened and accepted bitcoins like Japan and some other countries. be careful with bitoin like china
Its fluctuating character makes bitcoin an obstacle to be used as a currency. It is related to government regulation. If it does not fit into the workings and systems in a government, the government's potential for banning bitcoin is possible. It seems like it has happened to a country.
For now countries in Asia seem not to ban Bitcoin soon except China.
Hong kong government doesn't regulate or ban Bitcoin, but Banks are not friendly to Bitcoin. If they find you are engaged Bitcoin industry, your bank account will be closed without notice.
Korea gvernment is now getting friendly to Bitcoin, and their tax for bitcoin is low.
Japan government is still open minded to Bitcoin, but they regulate the every Crypto currency exchanges. You need to get a license to run exchange or do ICO in Japan.
Hong kong government doesn't regulate or ban Bitcoin, but Banks are not friendly to Bitcoin. If they find you are engaged Bitcoin industry, your bank account will be closed without notice.
Korea gvernment is now getting friendly to Bitcoin, and their tax for bitcoin is low.
Japan government is still open minded to Bitcoin, but they regulate the every Crypto currency exchanges. You need to get a license to run exchange or do ICO in Japan.
will be on the ban if bitcoin is often used for evil by people who are not responsible such as the corruptor, etc.
In that case, fiat currency should be also banned. Don't you think so? Physical cash is the currency of choice for the 99% of the criminals, including those who indulge in pedophilia, kidnappings and online bank robberies. A lot of evil people are using fiat currency. So let's ban the fiat currency first.
will be on the ban if bitcoin is often used for evil by people who are not responsible such as the corruptor, etc.
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