Will the government ban bitcoin? - page 30.

sirenmoon

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 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?

The government doesn't have the power to ban the Bitcoin right now. Instead of the baning they are adapting to it and using its flow to their own benefit with the tax regulation. Some of the countries are banning exchanges to suppress Bitcoin transfers to the FIAT and opposite. With every exchange shut, people are getting angry and that doesn't benefit the government in every way. Bitcoin as the decentralized currency is slowly implementing itself into the society and the government cannot do absolutely anything because of that.

Magic Sarap

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 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?

The government of each countries all over the world has the power and authority to ban the bitcoin. With that situation some countries like china already banned the use of bitcoin.

yanimkurniawan

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Currently in my country there is no prohibition on buying bitcoin, because for the government can reduce unemployment, so there is no prohibition for bitcoin.

markdario112616

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A government can do whatever they want, Yes they can ban the usage of Bitcoin in their country if they think that it is a threat to the economic and public safety. What they can't do is to stop the transactions of Bitcoin. Bitcoin runs through a decentralized system in which it is untouchable. They could set parameters to prevent its people to use or access any crypto related sites but due to advance technologies, people can use proxy servers or VPN to continue their transaction/s. Banning the usage of Bitcoin is, in reality, is just a waste of time and effort on the part of the Government.

Quinni

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I don't think the government has banned BTC now, but the BTC has been banned in China, and the us attitude towards BTC is tolerant, but the attitude of Japan and South Korea is support.

Renal

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It is constitutionally economic right of government authority for currency exchange but financial problem is private right which surely can still be in exchange if individual because exchange and not is bitcoiner right.

Gabriellefull

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 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?

I don't think it will happen. Now, many countries around the world have accepted bitcoin, and they recognize the legitimacy of bitcoin. Now that bitcoin has been accepted, bitcoin has become a form of payment.

suvo05

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Quote from: dynospytan on March 10, 2018, 09:52:01 AM

Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 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?

Some countries already did. But in our country, I don't see that our government will ban bitcoin or digital currency. Bitcoin is getting more popular in our country because of its high value. Our government is also having a benefit with digital crypto currency in terms of money remitance. They are just advising us to be careful to those scammer people that uses bitcoin in bad things.

I want to know the name of those country, which have ban bitcoin. The most asked question in this forum is about the ban of bitcoin. I don't know why people loves to talk about the banning when the banning itself is not so common in the countries.

Englebabylove

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 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?

I don't think the government will ban bitcoin. Now that many countries have accepted bitcoin, they realize that bitcoin can promote the development of their national economy, which is beneficial to the development of the country.

dynospytan

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 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?

Some countries already did. But in our country, I don't see that our government will ban bitcoin or digital currency. Bitcoin is getting more popular in our country because of its high value. Our government is also having a benefit with digital crypto currency in terms of money remitance. They are just advising us to be careful to those scammer people that uses bitcoin in bad things.

lesinset

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If the government won't be able to control bitcoin, they would more likely ban it and do something to get it for their own interest. Just like how facebook first tried to ban any campaigns of bitcoin then suddenly shifted course when they learned about how they can also use bitcoin. It would always depend on the people's self interest.

CARrency

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I think this will only depend on what they are thinking about bitcoin. Since bitcoin is volatile, a lot of government banned bitcoin having no one maintaining the price and they said that it will be a way for a lot of people to launder money and transact money to terrorists.

Direwolve735

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Quote from: uchiha_madara on March 10, 2018, 04:37:00 AM

most likely yes, but it will happen if criminals are already using Bitcoin as their crime

The government can ban Bitcoin not only because the crypto currency is used for illegal activities and with criminal intentions. The main reason for Bitcoin's ban could be the government's lack of confidence in its own power and the inability to regulate the crypto-currency sphere. Bitcoin is decentralized and is not regulated by the government, so it can become uncontrollable and present a danger to the state. It is for this reason that many governments are considering the option of banning digital money.

levvv

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no, i think bitcoin will not be banned by the government,
not all governments in the world not accept bitcoin, there are many countries that accept bitcoin too.

chengyinoing

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 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?

When the Chinese government tightened controls on bitcoin transactions, all of China's bitcoin exchanges stopped withdrawing cash, and everyone was very pessimistic.

But a few months later, the tenacious bitcoins have not been knocked down, but instead they have an unexpected benefit. The transaction decentralization has been realized.

So it is hard for governments to ban encrypted currencies.

Dod Ong

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Quote from: anzhanbei1214068 on March 10, 2018, 03:50:17 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?

I think yes, because the earnings becoming lower than recent earnings. I think it is cause of the government, the distribution is interrupted. There are a lot o government banks which are suffering a huge loss and see bitcoin as a threat. Someone authoritative and greedy government figure may try to launch competing coin and then ban all existing coins.

Akbcryptomoon7668

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Government can not block the possibility of buying BTC. Because they can make a lot of money from tax.

rushel22

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Quote from: Zandra on March 10, 2018, 04:48:57 AM

Quote from: uchiha_madara on March 10, 2018, 04:37:00 AM

most likely yes, but it will happen if criminals are already using Bitcoin as their crime

It's possible to be happen to use bitcoin in their crime, I heard there some people use bitcoin to their bad doing. And there's possibility to government will ban bitcoin.

I think they will never banned for bitxoin but the fact is they will never been supportive for this kind of cryptocurrency.But we dont mind that because our full support for bitcoin was more than for the government society.

Lintel

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Quote from: leviathon on March 10, 2018, 04:11:25 AM

This question gets asked almost daily like clockwork. No, governments aren't going to ban Bitcoin now. It has become too big to fail now, just like banks. Billions of dollars have been invested into Bitcoins. Government isn't going to straight out ban a thing with such a big market cap.

true enough, this is always being asked so many times. for me, it depends on the country if their government will ban bitcpin or not. Government of one country can't ban the whole world for using bitcoin. as different countires have differents laws. in my own country, bitcoin is legal.

Saddam Bin Delowar

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If the government of any country thinks Bitcoin will have illegal activities in its country, Then the government of that country can close Bitcoin.

But it will not be good for his country. Because, all countries are moving ahead with Bitcoin.

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