Bitcoin Forum

already china has banned bitcoins is there any chance that other countries may ban bitcoins????

sure. doesn't really matter, don't worry too much about things you can't predict and control.

Yes, is there any chances that other countries will banned it. But don't panic its not destroyed when one country that banned bitcoin there's one country also legalize bitcoin.china have a great impact on bitcoin and when the china banned bitcoin the value of bitcoin will fall fown instant. But we need only patience because i'll believe that they allowed it again and other country will also legalize the bitcoin

Yes, every government has the power to ban bitcoin in their country. But you should not be concerned about it because I believe that in the future bitcoin will be legalize on all the country in the world due to its benefits that can help the people.

The only way to ban bitcoin is to ban the Internet in the entire country (north Korea style).
Even in this case, you will just limit the number of people accessing it because they can move to another country (South Korea, Japan...) and buy bitcoin or even in Hong-Kong and Taiwan. Even dark market could be an alternative
For trading you need an exchanges that accepts Tor or vpn.

You worried mate? Dont be. Although china banned bitcoin, it is not the end of it. We felt it somehow as the price went down but after a week it bounced back. Sure, there are countries that may ban bitcoin still there are other countries that legalized it. Bitcoin is global unless it is going to be banned globally there is nothing to be afraid of.
Let us site an example, if you live in china and you have thousands of bitcoin then an order was issued to ban it, will you sell right away or still hold? If you'll ask me i will still hold, if you put it this way, i have thousands of bitcoin still i have internet, i can check the price and news about bitcoin then if the price is high that is the time that i will sell but then bitcoin is banned in the country. I will simply fly out to the other country for example japan which legalized bitcoin. Have my bitcoin cashed out on that country then make a bank transfer, fly back to my country and then withdraw the money from the bank. It is that simple although the process is a hassle but if you really think about it there are ways in which you can earn more profit than just selling because you got scared of losing.

When did China ban Bitcoin?? Wasn't it just exchange ban??

Yes, they did it recently because they think bitcoin is a huge threat to them, and some country will do it the same, just don't mind them, people on that country will still using bitcoin IMO they just find ways.

i think there are lots of untruths circulating around regarding china, bitcoin and exchanges. I was of the knowledge that china issued a temporary ban on exchanges and now they will have to apply a license to operate. so i would imagine a bitcoin ban would be related to the exchanges. why would china ban bitcoin when we see the likes of japan and australia and south-korea moving positively for bitcoin? so much panic at the moment

in the FUD they banned bitcoin, and those who are shorting bitcoin are pushing for the fake news today again.
in reality they have just closed exchanges (not banned) and banned ICOs (which has nothing to do with bitcoin since nobody even buys into ICO with bitcoin) and they also never talked about banning bitcoin so far.

China has banned the circulation of bitcoin in their country. china has blocked all the network concerned with bitcoin. I dont know other countries will follow the steps of china. but I dont think it's as easy as giving a ban. it is always through state processes and mechanisms.

i suspect european union will ban it sooner or later

somehow they ban it not because the real benefit or real threat, it is just something outside of their control makes them feel insecure
they will ban it and relaunch again

pretty sure this is china's way

there is always a possibility. but I dont really know about it. everything can be controlled even though china is not involved in bitcoin. I think not all countries ban bitcoin, there are other countries that see bitcoin as a beneficial figure. like jepan one of the countries involved both with bitcoin.

Definite possibility, Bitcoin obvious potential to be very disruptive to the mainstream economy provides ample motivation.

that is the bloody and dirty game of banking system and lobies. it will be a hard war between banking industry and btc and eventually our crypto world will win. no need to worry about it.

may be. but we will never know what happens in the future or tomorrow. china events make our eyes open, china is only a small part of bitcoin. but the bitcoin remains to this day.

the success of bitcoin can not be underestimated. see what happened yesterday, china mess banned. but look now, the bitcoin rises again. proved china is only a small part of bitcoin. and for other countries that will follow the steps of china, I think they will think it over. I dont think it would be hasty to take the decision to ban.

There are already countries who banned bitcoin other than china, so this is just a normal event on the cryptocurrency world. If you guys are afraid that bitcoin will die because China banned it, don't be bother by this. Bitcoin could exist without this Chinese Government, there is some countries already who trusted bitcoin and make it one of their currency, and one of them is Japan, so rest assured, bitcoin will still live.

"The lesson from the internet is, anything that China bans, invest in it"

Fred Willson, 2014

Have no fear, down today, up tomorrow, don't forget to by the dip.

Damn! Then why so many people are sad for nothing? LOL!

Atleast people should check the source before making claims. Enough of these rumors. People keep on propagating false news and ultimately who enjoys profit is bulk holders.

When it comes to China, government has only closed exchanges. But soon they'll be launching their own cryptocurrency through which people can easily buy Bitcoin. But all the funds coming and going from bank would be under government scrutiny through their cryptocurrency. This is what they wanted to achieve. They never wanted to ban Bitcoin.

Its not like total ban in use of bitcoin, they are just shutting down all bitcoin to fiat trading platform which also looks temporary one. They won't and can't just ban bitcoin because no one can completely stop bitcoin transactions in some specific country its not like banning access to facebook or twitter. Chinese government know that they can't just stop their citizens from accessing bitcoin but as they are quite anxious about money laundering, they are trying to limit bitcoin to CNY trading so their fiat can hold same value.

I do not think so. China bans bitcoin because of the many ICO projects that Scam. and I do not think that other countries will do the same because each country has a different economic outlook.

Currently there are countries that banned bitcoin for long time now.

Chances for other countries to follow is always possible but today don't think of that since it's unlikely will happen to the country where bitcoin is actively being used. Stop thinking too much and just continue your normal day in crypto world.

Banning bitcoin in a country is really possible. And if bitcoin is being banned by a country, it has something to do with the banking system of a the country. They surely be calling for a war on bitcoin. Nevertheless, banning bitcoin in a country got nothing to do with bitcoin being still the no.1 crypto currency, or the top digital currency.

Who said China banned Bitcoin, ban is only on exchanges and that is to be effected from 30th September, no surety.
About possibilities, yeah it may be possible that several nations step up to ban Bitcoins. Government changes every four or five years in most of the countries and every government has different prospective towards Bitcoin and currency system. So the countries supporting Bitcoin currently may end up banning it in few years or so, who knows.

I don't sure, but maybe there is country that can forbid bitcoin such as China's did.
The problem posed by China to bitcoin has considerable impact on bitcoin exchange.
Everybody doesn't know what will be happen with bitcoin in the future.
I think possibility of bitcoin forbidden is same as bitcoin legalized.

China hasn't banned bitcoins and even those countries that have banned bitcoins have done so on a temporary basis. There is basically no valid reason to ban this crypto currency when it itself is harmless and can be regulated if the necessary actions are taken. And now since many people are using it, there won't be any Government that would seriously think of banning it but they'll impose strict laws and taxes that would reduce the market for bitcoins. That's what China has done.

Now the governments of some countries are concerned about uncontrolled diversion of money from their country through crypto currency transactions, as well as by the fact that the profit from using the digital currency is difficult to tax. A few days ago, the Chinese government bluntly stated that it considers the decentralized crypto currency to be a threat to its economy and therefore prohibits the circulation of crypto currency in its country. This example can follow the governments of other countries. However, it is one thing to prohibit the citizens of their country from using crypto currency in financial transactions, but it is either impossible or difficult to control the implementation of this prohibition. In addition, the country, in which the circulation of the crypto currency will be banned, automatically loses a significant part of the revenues from trade in the world market and during the period of expanding use of crypto currency in trade agreements by other countries, leads to self-isolation and, again, to a decrease in the inflow of currency into the country. Therefore, the prohibition of crypto currency to fill the economy with money, on the one hand is ineffective, and on the other hand it leads to the opposite effect. Therefore, the governments of different countries today face difficult tasks related to the crypto currency.

Probably yes. There is a chance that other countries will ban Bitcoin. But there is also a possibility that other countries will accept it. We don't know what might happen but all we need to do is pray and hope that Bitcoin will continue rise and grow. Everything will be fine. Just keep on holding on your coins. We never know maybe China will unban Bitcoin in the future.

Well, they didn't really ban Bitcoin, just ICOs and exchanges. Likely, they will also prohibit OTC trading, which will drive mining activity outside of the country. This still would be unlikely to remove China's influence in ASIC manufacturing.

Despite the recent attack on BTC-e, the US doesn't seem to share China's hostility. The CFTC granted formal registration to LedgerX to offer swaps/derivatives for Bitcoin. They could be trading as early as next month: https://bitcointalk.org/index.php?topic=2197799.msg22086566#msg22086566

And apparently, people in the sector are expecting an ETF by the end of the year. Things are moving quickly. 

Japan proved to be the most developed country to accept and legalize Bitcoin.
and I do not find any other country that forbids Bitcoin.

There is always a possibility that this will happen but let's be positive. There are other countries who welcome bitcoin with open arms so don't worry that much because bitcoin is already legalize in some countries and there are rumors going around that another Asian country may legalize bitcoin. They may have seen that they just cannot easily ban it and the technology behind it has potential that's why to take advantage of it, they would just legalize it to have shares of the transactions.

China has a big impact in the recent announcements they have made saying they ban bitcoin but then again there is a news again that they would just regulate it not ban it so it is not clear. Nevertheless, we should not be that affected anymore to this news because China is just one part of the market share of bitcoin, not the whole market share.

there is always any chance for other countries to banned bitcoin but i don't think that they want to ban bitcoin because if they read in many article, they will think twice to do this. maybe they can not make any regulations related with bitcoin but if they realize that bitcoin can solve their economy problem and the best thing is bitcoin can solve peoples poverty.

yes and Shagga, son of Dolf will cut off your manhood if you use bitcoin and feed you to the goats. you are already on his list because you came on bitcointalk. you better run away now. and stop buying bitcoin, he knows that you have posted this to start buying bitcoin cheaper.

Agreed, it's not easy to completely ban bitcoin in a country as long as there's internet connection, even in China after all exchanges shut down; people could trade bitcoin over the counter through telegram without any exchange as the middle man but it's risky.
But, a big country ban cryptocurrency trading will cause a significant effect to the market, and there's some chances bitcoin will be ban again due to most countries all over the world doesn't have regulations about bitcoin, except for few countries that have regulated bitcoin such as in Japan.

More government might join this chinese shit rally soon if they can completely ban use of bitcoin in chinese territory which I think quite impossible. People might still use usual bitcoin wallets through VPN channels or via TOR network. How they gonna stop this?

Chinese are known for creating their own version of any successful product so I think they are now on their way to develop something similar to bitcoin and might call them as chinese bitcoin. LOL  ;D

This is all done to control the movement of the money supply. The usual practice of any state.

Thats exactly the same question I was about to throw to the OP.. as far as I know, China has banned cryptocurrency trading which is expected to be in full effect on September 30th as can be read here---> https://www.theverge.com/2017/9/18/16326078/chinese-regulators-ban-cryptocurrency-platforms-bitcoin and imo I think this is temporary as they will relaunch with new regulations enforced.

government is banning bitcoin for its use not itself because bitcoin will never been ban forever no one can hack or remove bitcoin easily because it encrypted.

China didn't ban bitcoin actually, they banned ICOs (which about new coins and tokens), they banned exchangers, but mining by which China is on the first position in the world, they didn't touch, yet. The Chinese government sum ply trying to regulate bitcoin, it's a big and rich country and we may only guess how much money were washed out through digital currencies. I suppose we don't need to worry about other countries' decidion in this point, cause of now they gonna look on China and their economy after this banning and if it go down, I doubt that countries with weak economy will ban bitcoin as well, they better will follow Australian and Japanese examples, but not Chinese.

First of all , China didn't ban bitcoin, they banned bitcoin exchange sites. And even if China does ban bitcoin so what ? Bitcoin price will go down but only for a short amount of time then it will recover. Bitcoin won't die just cause some country banned it.

Yes it is possible that other country may ban bitcoin it is because the government are afraid that bitcoin can become a threat to their economy since its very volatile and unstable if their market will adopt it the government can't control the circulation of money in their country which I think the main reason why they didn't like it, But since crypto currency is growing now and many start to adopt it I guess the government need to adjust on that.

Yes, you are right
there is the possibility of other countries doing the same
probably because it does not know the benefits of this bitcoin
which they know only in the negative side.
they do not know so much about the positive side of this bitcoin.

I do not think bitcoin banned will be effective, community and bitcoin users spread evenly in many countries so it will not have much impact. it is time for bitcoin to be legalized not banned.

did they already do it :D
when? maybe in an alternate universe they did it and we didn't have a window to see over there but you had.

that would be a 180 degree change since other countries have already adopted bitcoin and made it legal even.

If China decides to ban Bitcoin along with exchanges then it would be a terrible blunder for her. Currently crypto world is a chess game between people and governments and apparently China does try to have strong hands by forcing some rules & bans.

this is fake news from china (Drama) to make price down and buy many bitcoins so they can make price rise up again to the moon

I'm sure the Chinese will join the Americans. They are primarily interested in the destruction of bitcoin. Bitcoin now creates the outflows from the dollar, but it is not critical. I think that the Americans will not have to wait for the full destruction of the dollar and starts a war with bitcoin.

Yes, it's can be. Already some of the counties are banned Bitcoin. And a lot of countries do not accept Bitcoin. Because all of the countries who are banned Bitcoin they are afraid Bitcoin. They believe that someday Bitcoin will be a thread for their economy. But no one can stop Bitcoin growing.

banned bitcoin in other countries as it has done in China, all of it could happen in terms of the country's economy declining by using bitcoin and also how much loss the government's has invested in bitcoin, all that can happen.

well China is always known to be restrictive with all their great firewall of China and all the other weird stuff that is going on there. that is why people have an easier time believing the FUD the comes from China.

in fact i believe it is possible that some day they even ban bitcoin. but so far in the past 8 years they have not done anything in that regard and this time they don't seem to have the intention either.

about their own cryptocurrency i have to say it will be another option. it won't probably even be mineable and will be closed source which means it has no effect on bitcoin.

You can easily stop bitcoin. When you change your bitcoin into Fiat currency you become visible to banks. Banks in the same way as governments are not interested in the prosperity of bitcoin in this war will be on the side of the state. Only trade directly with bitcoin can protect us from the power of the government.

Anything can happen, positive and negative. Japan legalized bitcoins when no one expected that, Australia have some regulations about bitcoin. China and Russia for year are talking about bitcoin, threat with banning and punishing people who use bitcoins, sending them to jail.
Governments and bitcoin is old discussion, and except speculations a lot of talking, different articles and interviews from people close to government nothing really happened. They still don't know what to do with bitcoins, and they are researching bitcoin and blockchain but what will happen in the end we can just wait and see. I think many surprises are waiting us, that is what I learned I this to years, be ready for everything, good and bad because both are coming.

I don't think that bitcoin will be banned in other countries because that is not what other countries are, china just banned bitcoin because they are slowly realizing that bitcoin is making a great revolution in their country and i think that other countries will do opposite and that is they will accept and adopt bitcoin.

Psychology says "If you ban something, people will get more into it." or something like that. ;D Sorry, governments. Wrong way. They should find a way to use it wisely.

There are some rummors that bitcoin will be banned by some governments but i dont think that is going to happen as of now because bitcoin becomes widely accepted and is thought of accepted by different goverments of different countries. It has too much advantage and efficiency so they will soon accept it.

How many times has it been banned? The world will accept the bitcoin. Even if they forbid Bitcoin, the blockchain can not be banned. It's time to watch. Stay calm and watch. There is a revolution here.

it could be that our government forbids bitcoin because it could be the reason they forbid because it could harm the state. but I do not agree >:(

It's possible that there is a country that would ban bitcoin again if they see it as a threat to their financial system or they have viewed it as a digital currency use by people doing something illegal. There are some countries already that ban it because of that reason but then there are others who are looking at regulating bitcoin so we as bitcoin enthusiast should continue to support bitcoin because it has help us a lot in earning and we should not be discourage by this countries banning it because there are more positive news in bitcoin than negative.

China has not banned bitcoins. Localbitcoins trading in China is still legal and using exchanges is still legal(until they close down at least). Mining is still legal despite people going around saying that it'll get banned soon. Using bitcoin is overall legal.

But yes, China has tightened up its controls over btc.

Other governments have banned bitcoin before and it would not be surprising if some other country banned bitcoin in the near future as well. But, it's quite pointless as bitcoin is p2p and decentralized. They cannot ban the network itself but only its peripherals(exchanges, wallet providers, etc.)

As long as there is atleast 1 country where Bitcoin can be used, Bitcoin will not just survive but it will flourish.

I agree, government can control every system, information and transaction in its own area but then most of the countries didnt banned, yet bitcoin maybe they think bitcoin has the capability to change future transactions and they are open to iys potentials seeing it as one of the contributor to increase dvelop!ent of the community and economic status as well.

What?? When bitcoin get banned in china , are you sure ?
Here many guys directly supporting your thread that bitcoin banned in china .
Here i would like to tell you that bitcoin is not yet banned in the china , but still the government is looking to do something like this but chances to ban the bitcoin is very less because a big problem in the china is that people have no option to make money in the practical life ( because of the big population in China ) .
So here government can't take negative action against the bitcoin .
Since already bitcoin was banned in my country India but soom unbanned , so here we should remain positive that government will make descion in favour of the bitcoiners .

It could be another country forbidding bitcoin, but please do not worry. Bitcoin is currently in good value, slowly growing its value. You'd better figure out how to get more bitcoin because it's more useful.

governments are so much banning bitcoin lately, as much as finally beginning to regulate it. this was inevitable folks, and we got here a lot faster by attracting attention to ourselves, via the ICOs, and the wild bubble. At these price levels, capital flight just isnt the only issue; you can greatly facilitate money laundering with cryptos. the ico circuit has almost certainly accepted some dirty money; which has gotten washed into the crowdfund, and came back as shiny new tokens.

this doesnt necessarily have to be an intentional thing, but it is definitely happening.  

People were laundering money just fine before, and will continue to do so even if crypto were completely killed off.

If you have criminal intent, and a large sum of money, laundering really isn't as big a "problem" as most people seem to think. It's definitely less hassle than you'll go through the day you want to get x,000,000 dollars from Bitcoin to USD or whatever other currency. We here on this forum adore bitcoin and pretend it's really easy to use and readily accessible. this isn't true, and has some serious barrier to liquidation. sure, there are ways to get around KYC exchanges etc, but in the end you'll find it's far from the preferred mode for money laundering out there. (especially demonstrated by the tiny market cap and daily volume BTC has).

Some countries consider bitcoin as a threat to their economy since bitcoin does not own and control by any government some countries think that if crypto currencies will be adopted specifically bitcoin banks may closed and people will be free to do every transactions without the need checking its legality government may think it vmcan be use for illegag purpose

That is why they are banning it I think, they are annoyed that they can't even touch it like what they can do to fiat, so some of them decided to ban it since they are not going to get anything from it, they can't steal it to their people because it is decentralized. But the possibility of bitcoin to be embraced by all the countries in the near future is way more higher than the possibility of it for being banned.

If governments want to ban Bitcoin then they are only losing out as it has no borders, and it is sound money so they better start to think of adapting and innovating, otherwise they will lose out.

When china bans bitcoin, the other countries are triggered because china is a big influence and yet they ban bitcoin so there is a possible that other countries may try to ban bitcoin

If there is any income, then no governament will ban bitcoin. if they allow people to use bitcoin freely the govt will not get anything, and all people addicted to bitcoins and stopped using fiat then no income will come to govt to run their country. so most of the govt are not adopting this bitcoin.

as far as I know something like this could happen, because bitcoin does not yet have a legitimate permit from the government.
so I think it is necessary to clarify the government as well as what bitcoin and the truth how, because this is very necessary for the community.

Well so can a country that will ban bitcoin. But I think people can still use is ,I don't think that they can manage all of it.

China bans everything Facebook, Google etc.
It is a corrupt system, they don't like freedom.
You can not compare it to other countries.

you are right that China have one of the uglyist political system where there is nothing like freedom and when we talk about financial freedom than its almost zero.

They have very strong anti-money laundering policy so people in china can't move their fiat outside their country and now chinese government are shutting down bitcoin trading platform because chinese were using bitcoin to move their money out of their country.

Few other countries like India might follow this trend.

I wouldnt fuck with bitcoin if it actually became illegal, depending on the regime. the gcf is more than a blockcade; it also is an eye into the internet activities of private citizens. bitcoin traffic in its present state is extremely recognizable. at the best, they will confiscate your shit. at the worst, they will confiscate your shit, and arrest you as well. not worth it for something thats only been around for a few years. if you live in a place, abide by its reasonable, or at least enforceable, laws. if you cant do that, you should probably more somewhere else ;D

could happen, maybe other countries will follow the steps of china.
or possibly the other way around, like jepan that has legalized bitcoin. and now there are rumors that Russia will engage and legalize bitcoin. all possibilities can happen.

many from countries that do not care about bitcoin, even the central government in our country does not respond that bitcoin is a problem. this happens to my country, in my country we are free to use bitcoin and invest. although our government does not legalize and does not prohibit. I think our country will take a positive step on bitcoin.

Yeah you are right, it is time for legalization of bitcoins. Bitcoins have proved their worth to the world by retaining their value in the market, although Chinese ban caused fall in the prices of bitcoins but they sustained themselves so it is impossible that bitcoins will be banned in the world. They will keep on recovering their value in the market till no one can compete it.

Bitcoin will not be able to be banned in the whole world because it has a lot of benefits when you have it and you can have a good investment portfolio when you include bitcoin to that. Bitcoin and governments are slowly getting together because the governments are slowly noticing bitcoin that it is getting mainstream because of its features and possible benefits.

many peole which is helped by bitcoin and they know that bitcoin can solve their problem and they still using bitcoin to earn more money. I think someday, bitcoin and government will be cooperate and will walk side by side and it could solve the financial problem for the country and especially for the people but yes its need time before its happen.

There a lot of chances that most countries will ban it since they dont know how to regulate it. It will be changed when new clear laws will appear

As long as the government do not accept the idea of bitcoin and the reason why it is created surely many will still try to prevent the entering of bitcoin into their market. It seems that government of some countries are afraid to the capacity of bitcoin to stand alone in the economy without the need of anyone controlling it and all they can do is to banned bitcoin

Governments are banning Bitcoins because Bitcoin is not created by them and not controlled by them. Still, the government doesn't have exactly how to regulate Bitcoin and what is the measure they have to take. Government always need Taxes to be paid on time but Bitcoin is killing their taxes so only their banning the Bitcoin.

Don't get too freaked out by it..
just believe that bitcoin will continue to survive,though without china or any other country.
keep investing in bitcoins.

I think there are just doing this to create some sort of buzz and well it did. It brought down the prices of bitcoins and almost all the altcoins in the exchanges. The thing is, the whales will now be a lot more richer since they can buy super cheap bitcoins and altcoins. That's the thing with these news. I don't even think they will totally go with that ban anyway.

i think It is possible that some countries will ban bitcoin again if they see it as a threat to their financial system or they consider it to be the use of digital currency by people who do something illegal. There are some countries that have banned it for reasons of potentially bubble and breakup after a lot more popular and many people want to have. Evidenced by its skyrocketing value.........

China did baned bitcoins , but the miners and the users can use bitcoins .the ban is for converting BTC into cash by placing them in banks .
And about the ban in other countries , it could be because of the anonymous nature of bitcoins transaction. People can fund illegal activities using BItcoins without disclosing their identity.
The other reason could be that bitcoins need people to be educated enough to use and operate a wallet .

China does not ban bitcoin, but only halts most excanges except for the two biggest excanges that are OKCoin and Huobi for wanting to regulate cryptocurrency. Other than that many companies are legalizing the exchange of bitcoin, so it is unlikely that other countries will ban bitcoin

I see from some online news, it is upside down than that china and korea do over the ban on crypto and bitcoin.
there are some countries are ready to involve bitcoin on real projects in their country, for example jepan which now has been legalized, this end turki follow the footsteps of japan. this is really good for the development of virutal currencies including bitcoin.

i don't hope that the other country will following china to banned but i think chinese government is not banning bitcoin and they will realize that banning bitcoin is impossible because now there is many new technology which will allow people to still use bitcoin. and no matter if the government banning bitcoin, as long as there is internet connection and vpn, i am sure that people can use bitcoin again.

There could be a probability of some other country will ban Bitcoin. This might be inevitable since China is a very influential country. However, banning is some other country might just be temporary. There is no concrete way of banning Bitcoin and other cryptocurrencies so the government will just have to compromise and just utilize Bitcoin in favor for them.

The china will regret its decision for banning bitcoin in their country because it is a complete loss for them to not accept bitcoin anymore as a great cryptocurrency. Bitcoin and other cryptocurrencies has a lot of potential compare to the current money that they are using and banning it is such a wrong and worst decision for a country to make.

In my own personal opinion, there is a possibility that other countries may ban bitcoin because china had already started to banned bitcoin and it will definitely affects the price again. But i still hope that bitcoin cannot be removed in the internet because it is very helpful to me since i use bitcoin as a source of income.

we have just whitnessed that even China (who is dominating the crypto markets) ban did not do much on the market. It made some effect but then market recovered very fast. so let the others ban it too, nothing will happen.

I'm sure there are not so many stupid governments to think that they can to ban such a strong technology. I know how it's pleasant to feel that you're smarter than somebody but China is not the case. I'm sure that 'ban' is totally temporarily decision to win some time and prepare an infrasturcture. The same is about other countries.

So there is no actual 'ban' for cryptocurrencies in long term.

Government can not successfully stop the existence of bitcoin since is was developed as a global entity which can not be easily control by an individual or government. controlling bitcoin by government is like trying to control everything that will happen in the internet. So relax, banning of bitcoin in china will not have a lasting effect, people in the blockchain technology world will fine a way out.

Of course there's a chance of banning bitcoins.

China did not ban bitcoins. They regulated the ico market.

First of all, China never imposed a ban on Bitcoin. It was a temporary shutdown of the ICO which will also resume shortly now after some regulations in the rules. Second there are very less chances that a ban is imposed upon Bitcoin because countries are bringing their own virtual currencies because also realizes the potential of Bitcoin. And without Bitcoin it will be hard to survive for the Local tokens as Bitcoin being the center of trading is an essential component in trading and alt coins market value.

Hey how about the trading site bans in bitcoin. North Korea is the country done what you said. They stopped ICO investment alone in their country but Chinese bans ths bitcoin completely. If that is opened again then all btc investors will be happy and don't switch to different country to invest.
Trading is the necessary till the bitcoin been legal to use after you use it normally everywhere.

Different governments are going to be trying different things while they adapt to the new age of finance that Bitcoin is ushering it. It will be wise for them to buy and hold.

These bans are not likely to last long. Just until the government learns more about cryptocurrency, how it works and why it is good.

Sure, china is a big and influential country, so it is very big chances if many other countries follow in China's footsteps. but, other big countries like japan are legalizing bitcoin. so, depending on the policies of each country.

the government are scared due to high activity lately on ICOs collecting money with unknown purpose for god sake it can be use to fund terrorist that why government banned ICOs because the security of nation is o the line. ICOs can be made for a goo and bad not all gonna be good as what we can see.

Sad to say but some of the country, there government treat crypto currency as a threat to them. They believe that if the crypto currency will become regulated and legal to their country, it will manipulate the currency. They are afraid when that time will come, they do not have any power to control it.

Governments will ban cryptos if they cannot control them its alot of money they have lost control over and are scared where it could lead them. The plus side is that there are governments that are embracing bitcoin and other crypto currencies.

Well, the Bank of Indonesia also had said that bitcoin is an invalid currency, but we as a bitcoiners had never care and never think to much about it. As long as we're not make some crime with it. So just go ahead.

In my opinion, the effects of banning by China are already over.

Bitcoin is really decentralized and has not own by a single person that is why nobody can hack the system of bitcoin but a web wallet that stores bitcoin can be hack by hackers if they can tap into it's system that is why there are Ransomware that randomly victimizing anyone that has a huge amount of bitcoin.

China only banned the exchange of Bitcoin, for I know it was just temporary, just think, if a country want to compete when it comes to innovation and economical progress, why would they ban something that moves them positively? Also, there are rumors that they are planning to have a cryptocurrency of their own, let's just get some more news and updates regarding about China and Bitcoin.

China doesn't banned bitcoin but want to legalize and make regulation for the exchanger, and it is possible for any country to banned bitcoin

If you see the government point of view, bitcoin doesn't give any positive things, the income tax decreasing the purchasing of illegal things become harder to track, but bitcoin maybe can become the future currency because the usage is keep on increasing

"Which country will ban bitcoin next ?" I think it is not the right question. Any government probably ban cryptocurrencies if they cannot regulate it by some means. However, legalization of credible cryptocurrencies are inevitable. Its just a matter of time.

China did wrong to itself and they will know this in future that they will suffer due to this decision bitcoin is second name of bringing business into the region and they kicked this out they will surely regret when they see themselves lagging into the field of development and then they will ask for rejoin and bitcoin is not depending on any region it is independent of all.

Look around you, no one is banning anything.....there is nothing but a bunch of people acting on wrong information. It makes it great on the trade sites, but bad in here. Hard for the people with real and good questions to be found inside the mess of those that are trying to act on or confirm information that is not even real. We need to stop following and playing games around here and get with the real program and real information.

why bothered of china goverment banning bitcoin when china cant control the bitcoin world.and besides i think they had just its plan how to manage bitcoin in their country.we must not be affected of that issue coz the bitcoin economy can live without some countries banning it..still majority of the countries believe that bitcoin is helping their economy to grow

Now china declared the banning of bitcoin and we know that china have an big part to the bitcoin economy. But china don't control the bitcoin so don't panic they only a member of bitcoin i think they banned it for their own reason maybe for the sake of their economy or maybe the other reason. In my mind the next country that banning the bitcoin i think the alliance of china.

China never banned Bitcoin. China just banned ico's. I hope they ban only scam ico's and exchanges.

Perhaps some countries will also prohibit bitcoin when they see that they can not control it, but I'm not sure that they will do it. Rather, the authorities legalize bitcoin to develop the economy.

I am still optimistic about the news of Russia's plan on ban of Bitcoin and Cryptocurrency but if President Putins word is final and executor then it is possible that this decision will influence other countries to follow in ban of Bitcoin and Cryptocurrency. While it is true that Bitcoin and Cryptocurrency can be used by terrorist, so does fiat and its been in use since the beginning.

there is some changes that might happen on bitcoin crypto currency but as far as i  know i truly agree with you their just a member that there is some country accept the bitcoin so we dont have to worry as long as bitcoin exist lets just support it.

chances are a lot. the question is whether other countries follow the china step that bans bitcoin obviously the answer would not be possible even some countries improve their economics with bitcoin transactions reduce unemployment even i ever read an article dubai give a chance on bitcoin and legalize it.

No one actually knows. The prohibition of the ICO in China was very unexpected and came out of the blue, thus questions like these pose a threat to bitcoin's price. When China banned their ICOs in their country, it dramatically decreased the price of bitcoins from $4200 to $3250 in a matter of weeks. Fortunately, bitcoin regained its price after a month, but there is always the possibility of a country, doing the same move as China or even worse. But be reminded that whenever a country prohibits or bans bitcoin usage, there will always be an announcement from a country that will supersede the negative effects of bitcoin banning (i.e. Japan announced that they welcome bitcoin utilization in their country).

China went first, south Korea banned icos and then Russia blocked exchanges very recently I guess. All countries are scared for their citizens who invest in crypto as they may end up losing their money because of sheer foolishness. More and more countries are getting to know about crypto and the block chain technology, and they are taking necessary action after the study they do.

Of course no "country" is scared for its citizens. The only real reason why the governments might ever be banning crypto currencies and related services is because they cannot parasite on it (i.e. steal money from the people) and they usually substitute this real reason with a fake reason of some "preventing money laundering/terrorism" or "protecting the citizens" nonsense.

we dont know i think if they cant accept bitcoin they will ban it

the government forbids anything in the country because it wants to protect its people, if bitcoin is safe, stable and will benefit its people, the government also will not ban it

But there should be a reason in order to banned something. Anyways most of bitcoin users are making good profit with bitcoin maybe in future government support bitcoin rather than banning it .But we can't say anything about it . I only fear that after seeing china banning the bitcoins, just wondering if we hear same news from other countries too in future  ???

Maybe if bitcoin has a bad effect of course the government in other countries will also follow what is done by countries that have banned bitcoin. one of the keys to the solution is to provide regulation on bitcoin so that the bad effects of bitcoin can be controlled by the government. so the government will not be concerned about decentralization and anonymity again but I do not know bitcoin users will agree or not about regulation for bitcoin?

Hey :)
Possibilities are endless :D
Banning of bitcoins depends upon the factor that what government percive it as and what freedom do people posses.
If thats a democratic country they will do what the majority wants, and obviously majority will support bitcoins.
But in a dictator ship people can't actually ask what thay want.
Also if a government thinks bitcoins are a threat to their national banks and their stable well being in terms of economics then they will for sure take measures to ban it.
But right now governments are adopting bitcoins :) thus I think future is preety nice for all of us.

Did they succeed in banning it completely or people are still able to use bitcoin in China and the likes? I don't think any government will be able to effectively ban bitcoin because it's not in their hands,. All they could do is to enact and enforce stringent laws against bitcoin users and exchanges and make it difficult to use but i think people will still sneak behind and use the dark web and other places.

Yup i think there are some countries too that's not seeing the potential of bitcoin and they're just scared that's why they are banning it. They are scared that there is something that is not in control cause bitcoin is decentralized that may takeover their present currency and may create a ruckus thats why they're banning it as a prevention...

governments are so much banning bitcoin lately, as much as finally beginning to regulate it. this was inevitable folks, and we got here a lot faster by attracting attention to ourselves, via the ICOs, and the wild bubble. At these price levels, capital flight just isnt the only issue; you can greatly facilitate money laundering with cryptos. the ico circuit has almost certainly accepted some dirty money; which has gotten washed into the crowdfund, and came back as shiny new tokens.

this doesnt necessarily have to be an intentional thing, but it is definitely happening. 

fraud to check whether you can control the course using news.

There would be a chance that other countries like North Korea and Russia will ban the use of crypto currency because these two nations share the common interest with China. I think they are scared of it because it is something so powerful and they know that cannot fully control it. No doubt they don't want to waste their time and resources because of the risks that bitcoins can deliver.

Yeah, North Korea, totally. No ordinary citizen in North Korea has access to Internet, let alone to bitcoins, but they will ban bitcoins. Sure.

possibly could happen! but bitcoin will still exist and continue to grow, take samples after being banned in china bitcoin price is even higher

Maybe yes, maybe no. china has failed to reduce the value of bitcoin at the lowest level. it seems that china is no longer an obstacle to bitcoin. without china bitcoin better yet and the current proven value of bitcoin rises more than past value.

as far as i know, China never tried to reduce the value of bitcoin, the deep dump of bitcoin in September was just a by-product of banning ico and exchanges and what Chian done is to control group events and increase financial security

Actually china is willing bitcoin because they know that bitcoin have ability to take over world currency which is quite true. They are looking how much investors from china in the last of all these things bitcoin will become a payment method in china. Because they are not trying to reduce the value of bitcoin in senerio they are looking forward to make bitcoin as a payment method.

The ban has no effect so nobody afraids of China ban anymore because they failed to manipulate bitcoin as a result instead of falling it down it becomes the opposite in which value increasing to $6000. If this CHina was recognized as one of the super power nation in talking of arms and economy failed to control bitcoin how much more the other countries which is smaller than China. If your big brother salute you how much more your little brothers?  :D

Their ban didn't fail, and it wasn't even a ban on bitcoin. The coin itself it's legal there, and mining is still allowed. Also, I don't think they were attempting to influence the price of bitcoin. They just want to regulate it, and they will attempt to do that by regulating exchanges. Countries can't really ban bitcoin, so their best option is to try to regulate it. If they make it illegal, they will just completely lose control over it. If they regulate it, they will at least manage to charge some taxes on it.

I don't agree on putting ban on bitcoins. It's not because that I'm one of the bitcoiners and I am enjoying it but it is very helpful especially to unemployment rate of the country.  It is not easy to be qualify in any positions or job vacancies in available fields or professions and it is not one's fault if he / she didn't qualify for the position. It goes with how companies or government provide the qualifiers that they offer for the employment.  That is why in my country, one of the biggest factor that affects poverty was because of large number of unemployment rate.

Russia and Iceland are the countries that prohibit the use of bitcoin. According to Iceland's central bank, transactions with bitcoin are perceived as the movement of foreign and illegal capital because of capital controls conducted in the country after the collapse of the banking system in 2008.

Price is not what the Chinese government concern. They want to control the people in the country by stopping Bitcoin. The more people use bitcoin in China, the harder for the government to control the people and their property. And as you know, the Chinese government wants to  control everything, not even the people in their country but also the whole world. But, they have to control the people first. Stopping bitcoin maybe the good idea, but whales do not sell bitcoin at all because they know that bitcoin is decentralized and there is no way the government can know that they are using bitcoin

Many countries has banned Bitcoin .  Its not destroyed becouse when one country banned bitcoin there's others country also legalize bitcoin. But bitcoin users  enjoying it and it is very helpful especially to unemployment . Unfortunately bitcoin is not support in my country .

in my country they banned bitcoin year ago, but we still investing in bitcoin, because they dont know the benefits bitcoin bring to us, if they cant control bitcoin they ban it.

for the problem the government will ban my country, I do not think it's going to happen for me to take advantage of the opportunity while there is still a chance if the government in my country forbids me to have a profit that I have invested at least in the form of official currency in my country

Don't worry nobody can stop BTC or cryptos in general ;)

Possibly yes but it doesn't matter at all because all of a sudden, after they see the advantages bitcoin can provide, I bet, they will think twice before deciding to ban bitcoin on their state or country. As long as people are continuously benefiting on bitcoin, I think there is no such reason for the government to ban bitcoin just like what China have done. But we must be still open on the possibilities that it can really happen once again. But on this current time, I think they will doubt banning it because it is observable that bitcoin is approaching its peak price.

Yes you are right we need to be aware because bitcoin is now becoming one of the most popular cryptocurrency and that’s why people started investing in bitcoin but some governments didn’t like bitcoin because they don’t trust in bitcoin and they start banning it.

Yes of course there is a relation of bitcoin and governments because all the control are always in the hand of government managers and they allow and disallow bitcoin and that’s why we also need to be prepare because it is possible that bitcoin can be consider illegal worldwide.

Some countries have done this, but in the end Bitcoin will still be usable. this ban will indeed affect the cessation of various projects or exchange in the country. but it will not hinder the use of Bitccoin. Bitcoin will remain usable when we are connected to the Internet network, every time the technology will grow and we will be easier to access Bitcoin.

yes. there's really nothing to worry about, that is important we enjoy the existing facilities.
take advantage of bitcoin well, government problems with bitcoin, let the governing government.

I think that the next will be Russia, cause they already trying to enact control via legislative, but when they realize that it is impossible, they'll ban it

Ofcourse their's a possibilities that other countries ban it too but not all of them cause their are some countries too who recognized bitcoin just look at the positive side and look when china ban bitcoin it merely affect it's price so i don't think you need to worry in this kind of news although it really has a big effect on bitcoin but always think positive.

Governments of every country works on their own principles,
They accepts new policies, economic social changes as per the need of their nation.
Bitcoin as an autonomous cryptocurrency welcomed by many nations.
Some nations supported it by making a legal currency in their country.
Countries like China first allowed bitcoins, china becomes the largest bitcoin miner, later on government banned bitcoins, which resulted fall in bitcoin prices worldwide.
North Korea also banned bitcoins in their country completely.
These countries may think bitcoin as a fraud ir threat to their centralised economy.
On the other side countries like USA, UK, Germany,Japan have welcomed bitcoins.
Going one step ahead Japan supported bitcoin by installing  ATM machines for the smooth operation of bitcoins.
In future China and other countries may allow bitcoins in their countries by putting some regulations.
No one can stop bicoins.

North Korea never banned bitcoin, stupid. There is no free access to the Internet in the whole country.

I think that's not a good reason to ban Bitcoin from entering their country, because Bitcoin does not interfere with the paper currency that they manage at the time, Bitcoin is the only digital currency earned online, after getting Bitcoin for exchange Of course Bitcoin in currency papers in accordance with their respective currencies.

Bitcoins can't be restricted by any administration since a huge number of individuals have put their cash in bitcoins and billions of individuals are putting cash in bitcoins so the legislature couldn't consider the forbidding of bitcoins if the administration prohibited the bitcoins than the billions of lives will be destroyed in light of the fact that a portion of the bitcoins clients have put all their cash in bitcoins.

Governments can of course prohibit bitcoin but who will really follow such laws, especially if people are already invested in it and considering that this system is decentralized and anonymous?

Show me one country where they declared it as illegal and have successfully enforced the ban?

China and others countryes think that btc decrease theirs money value. That is very simple things because all worl started to use btc and btc is rising itself so btc will be a global money and ıt will be more value.

hello, why ? why China banned bitcoins ? they are nuts

maybe this time the government still has not given permission for bitcoin and is still banned in certain countries ... we just pray that the government can legalize bitcoin

Every government has the power to ban bitcoin in the country. But  I believe that in the future bitcoin will be legalize in all the countries in the world due to its benefits that can help the people. Some countries ban it  but  there are some countries  who recognized bitcoin so I don't think you need to worry

No country can totally ban bitcoin. The only thing that they have jurisdiction over are the exchanges and miners operating in their country. They can stop the operation of the exchanges and miners but people with bitcoin can still transact anonymously with the miners in other countries. For exchanging into cash, people will ways find ways. The government can allocate resource into creating a unit to catch these people using their IP addresses but the amount of resource needed would be huge and it would be a total waste of time.

I dont really know why governments are banning bitcoin. What are they afraid from? It's like banning the internet if we are on the 94-96 era. Other countries had banned internet before too but now they are all embracing it as a technology that simplifies their way of life. Imagine making transactions without internet. THey just dont realize its potential right now.

very helpfull. I am one of person who worried.
thanks very much.

No, i don't think so. I guess China wants to play it well than other country so they produce their own coin and prohibited bitcoins and other cryptocurrency though its not the only country who had banned it but there are some more and more countries planning to do so but here's the deal , there are lots of country to continue the legacy of bitcoin so you dont have to worry about what is happening now.

China don't want their capital leave their country so they issued the banning of trading bitcoin.Even though banning can't actually stop the bitcoins growth.

Indian finance minister has also mentioned many times that Indians should away from bitcoins. He has said that the government may take some action this crypto currency.

there may be other countries that will ban bitcoin. But we should not be afraid, even if the state forbids there is still a way to access bitcoin while we try.