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Topic: Will the government ban bitcoin? - page 29. (Read 2143 times)

member
Activity: 233
Merit: 10
March 10, 2018, 12:38:37 PM
#66
Over time we can not deny that all societies have many people who know and use bitcoin as a source of income but on the other hand there are few problems in some countries because bitcoin is not legally acceptable and must follow legal compliance.
and it happens in my country but all is still running and the government can not sanction because the state has never been harmed and needs to be underlined that the presence of bitcoin actually brings many positive impacts to the country's economy.
sr. member
Activity: 672
Merit: 251
March 10, 2018, 12:34:36 PM
#65
The possible for the government to ban bitcoin is this, if they sought that bitcoin has no good effects in their country. Or bitcoin might be an instrument for some crime. That is the downside of bitcoin. Some opportunist might use this cryptocurrency for their own wrong doings.
member
Activity: 392
Merit: 10
March 10, 2018, 12:29:18 PM
#64
Government will not ban bitcoin or other cryptocurrencies. What the government may do is to regulate the cryptocurrency market as they now feel that cryptocurrencies can be used to finance terrorism. On the other hand, don't forget that the government will move to wage war against anything that is poised to eradicate or replace money. Government is selfish!
full member
Activity: 448
Merit: 100
CRYPTOCITIZEN $CCASH
March 10, 2018, 12:18:12 PM
#63
Government already has banned the Bitcoin. Almost all the country has give red color to Bitcoin as it has no authority to control. Any one can use it and can do anything with it. Anyone can make his black money to white money by using this. So government banned it.
newbie
Activity: 98
Merit: 0
March 10, 2018, 12:02:46 PM
#62
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?
Yes, there are a lot of countries around the world that ban bitcoin, and they still think bitcoin is a scam, and the government is trying to persuade people not to invest in bitcoins. But now that countries accept bitcoin and recognize the legitimacy of bitcoin, I believe more countries will choose to accept it in the future.
jr. member
Activity: 322
Merit: 1
March 10, 2018, 11:50:39 AM
#61
Government should not ban bitcoin because bitcoin price increase day by bay.Its helps the government grow quickly.Bitcoin is one of the best coin ever but some country ban bitcoin recent year for its price ups and down Angry Angry Angry
newbie
Activity: 238
Merit: 0
March 10, 2018, 11:43:59 AM
#60
this is the time of bitcoin market in this generation of electronics the electronic currency is also the important part.and bitcoin is the key who will joint the market to electronic market.and the government still can't ban bitcoin because bitcoin is spread all around the world.  
sr. member
Activity: 1176
Merit: 252
March 10, 2018, 11:41:14 AM
#59
the government should not ban bitcoin, because bitcoin can grow well and help the country's economy. but there are countries that are banned from bitcoin and that usually happens because of government rules. but there are so many traders who remain in cryptocurrency for profit even though the government is banning bitcoins.
sr. member
Activity: 392
Merit: 257
March 10, 2018, 11:40:27 AM
#58
Well it's too hard to say and it also depends upon government to government as Japan has legalised bitcoins and some more countries has legalised.If the government sees bitcoins or any other crypto currency as harm to society then it would most likely try to ban bitcoins, but at most they can do is ban exchanges in their countries I don't know how they would try to stop people from using bitcoins.
sr. member
Activity: 575
Merit: 250
March 10, 2018, 11:36:57 AM
#57
Current bitcoin will not be banned. But in the future bitcoin will be banned because it affects big world currency. Many countries will hold back the development of bitcoin to enable bank finance to function normally.
newbie
Activity: 224
Merit: 0
March 10, 2018, 11:36:37 AM
#56
it is difficult to bans bitcoin,they want tax btc than they want ban btc,now they searching a way can control crypto and tax it
newbie
Activity: 94
Merit: 0
March 10, 2018, 11:31:35 AM
#55
the government does not prohibit and also does not legalize bitcoin. Currently the government is only monitoring the development of bitcoin, whether bitcoin can change the economy for the better. or bitcoin crime.
newbie
Activity: 106
Merit: 0
March 10, 2018, 11:20:57 AM
#54
Can't impose taxes on Bitcoin? That's illegal then! = GOVERNMENT'S LOGIC  Grin Grin Grin

Government will leave bitcoins as is once they can have taxes from it, believe me.
member
Activity: 180
Merit: 10
March 10, 2018, 10:57:31 AM
#53
at the moment there are already some of the countries that have banned bitcoin. I heard the news that the government is banning bitcoin because they are afraid the banking system in the country is chaotic by bitcoin. I think if the government prohibits bitcoin in the country it will harm the people who need jobs and poor communities.
newbie
Activity: 77
Merit: 0
March 10, 2018, 10:51:59 AM
#52
bitcoin is too big to ban. the governments can't ban something they can't control. if they  would like to destroy it. they would have to erase every node  in the network which is nearly impossible . all computers which contain the blockchain history need to be put offline.
full member
Activity: 420
Merit: 106
March 10, 2018, 10:34:26 AM
#51
Well it depends on which country you are talking about. As far as I know most countries like US, Canada, etc. won't be banning bitcoins. China and a few other countries have already banned bitcoins. Recently there was a rumor that India was going to ban bitcoins, which wasn't true. I don't think any other country will ban btc, most of the countries look supportive for cryptos.
jr. member
Activity: 193
Merit: 1
March 10, 2018, 10:30:40 AM
#50
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?

if the reason is because of bitcoins anonymity and be used in crime then bitcoin might be banned. But of it being a threat is doubtful in banks is doubtful. Banks will be banks and nothing can replace them in the government's economy. Cryptocurrencies is just another form of medium to do transactions and will be regulated soon.
member
Activity: 308
Merit: 10
March 10, 2018, 10:20:50 AM
#49
Governments of USA has launched a financial licence for trading btc and other cryptos, the other are considering it to tax which means that they will try to get involved in btc rather than ban it.
P60
full member
Activity: 378
Merit: 100
Decentralized Digital Billboards
March 10, 2018, 10:17:11 AM
#48
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.
newbie
Activity: 182
Merit: 0
March 10, 2018, 10:17:00 AM
#47
No they can't. They can only place regulations on it and keep people from swaying the market in their favor but they won't ban it. I think very soon all governments will use blockchain technology. It is important
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