Bitcoin Forum

Many might already have read about this in the past one week.

One of my friend who works at one of the bitcoin BTC company in india has confirmed to me that he has indeed heard his exec manager talking about an official notice which government has sent out to them to submit the details of business after which there is tensed atmosphere in office.

I however have not been able to confirm if this was a full ban notice or an audit notice from government.

What do you think about it. ??

https://inc42.com/buzz/cryptocurrency-bitcoin-india-cme-group/ (https://inc42.com/buzz/cryptocurrency-bitcoin-india-cme-group/)

no i think that will not happened and will never happened because people all over the world investing in bitcoin and like bitcoin and also their life are connected and depend on bitcoin so what will they do when bitcoin get banned? so according to me this will not happened.

Well, India did ban certain banknotes to help "fight" money laundering and tax evasion that's what they are planning to do with bitcoins. Though it seems they just want more control of the finances and gov'ts always like more money in banks anyway.

Many countries have already banned Bitcoin. Hope it will not happen in Europe and in the USA.

Outright ban it? And risk people going underground to use it? I don't think even the Indian government is that stupid. If they completely ban bitcoins, those with money in local exchanges could just move those to other exchanges and continue trading and then convert is to cash f2f. Now they'll find it harder to track the money.

There was a an initial ban on some of the exchanges like btcxindia which got official notice to stop serving bitcoin business and that is where they only deal with ripple and ethereum now.

Every day I am very interested in the bitcoin information: price, transaction, market, users ... There are also some information that bitcoin will be banned. But not sure, without legal intervention. Previously because of the ban Chinese BTC discount quickly then the rise too high.

It's hard to say!!! Because many big investors are into it and its a very popular financial tool.

I think you should move this article to another topic that will fit better.
You can move to bitcoin disscuss, I think there will be more people interested

I doubt that the US will ever ban Bitcoin or ever be able to pass the legislation to do so if they (US govt) ever attempts to. It's literally an intangible, digital thing that really could never be fully stopped or shut down. I think it would actually be entirely unconstitutional, because who is anybody to say that people are not allowed to trade an intangible digital item that technically has no real value?

Government control will not affect Bitcoins outright because of its decentralized nature. I don't think it can be ban,however there might restrictions.

It all depends on the government's decision. It remains only to wait and hope for good.

It is already banned.
In many part of world.
Including my part of world.
Yet, I'm using it.
It's the beauty of cryptocurrency.  :-*

Yes, but it´s a game changer. The game of the establishment. They want loose their power. They will fight against it.
But I think they will loose this fight.

Think bit. How this can be possible. Government can ban that company by puting regulations. How they ban bitcoin. For example, I have botcoing an i need to sent it to u. I get ur address and send it to u directly (p2p). How government ban that. If they ban exchangers we can store bitcoin in hardware wallets. So i think its proberbly a audit for introduce new tax 😆😆😆😆

Its only the major countries like the USA, China and most of the EU that when they do indeed ban bitcoin will be very bad for the bitcoin economy because it is going to drive the value down and as far as i am concern, OP is just creating FUD and their is nothing to show that bitcoin is going to get banned in India.

Thete is a possibility that bitcoin can be banned.There are some countries that is banning bitcoin from their country.Sad but true.

It has been already banned in several countries. If it is banned in my country, I'll find the ways to deal with it.

i think there are many countries have already banned bitcoin, we those countries still not have good regulations to control bitcoin, so they ban bitcoin temporary.

One good thing is India follows USA a lot no matter what it be about.  ;) So i just hope it doesn't get banned. If it does, we have localbitcoins for buying and selling all the time. And VPN's to use it.

The main problem or cause I can see if it's anonymity; governments can't track down Its users and thus even criminals can evade detection. That's why, I believe, Russia is planning to create Its own cryptocurrency known as the Rubblecoin to deal with this threat. Even China is very critical on Bitcoin, with strict laws on it. But Bitcoin will continue going strong.

Surely, governements will try to stop somehow; but due to the very nature of bitcoin, it will be pretty impossible.
They can only stop bitcoin use in usual economy, not in deep web

The more they stop is when the more expensive it becomes. History is the answer, whatever has been banned and legal in some places is really expensive to get hands on.


More than anonymity, i believe governments are more afraid due to the transparency in this transactional technology which will not allow various governments to get away with the scams.

Maybe, in some other countries as far as I know bitcoin is already banned. In other countries as what I heard bitcoin is illlegal. There is a possibility that it will be banned because government is not earning taxes or cannot get tax in bitcoin.

Exactly. I don't think it can be banned, only restrictions.

Maybe,there is a possibility, but not for all countries,in some other countries as far as I know bitcoin is already banned. In other countries as what I heard bitcoin is illlegal. There is a possibility that it will be banned because government is not earning taxes or cannot get tax in bitcoin.but in the furture goverment will get some tax rulls definitly.bcz if not there stock market will get down.

I think will happen if bitcoin get banned is bad,because bitcoin can help a poor people.Just for example you have no job so you can join in bitcoin so you can earn money to help your family or the things you need.I ll think to bitcoin because bitcoin will help me to earn money so i can buy the things i need.

Its happening already. Not only in india but other eastern countries like china doesn't see bitcoin that well. Though i these bans are temporary and we these governments are probably just finding ways to at least regulate it. I think china has softened its stance about exchanges already

Maybe,there is a possibility, but not for all countries,in some other countries as far as I know bitcoin is already banned. In other countries as what I heard bitcoin is illlegal. There is a possibility that it will be banned because government is not earning taxes or cannot get tax in bitcoin.but in the furture goverment will get some tax rulls definitly.bcz if not there stock market will get down.

At the current rate i don't think it can be stopped anymore. Its only during a fall and outburst of normal people will the coin be banned.

It is not very likely that they will succeed - but of course they may try, at least in some countries. I think Zimbawe already tried. The result is that Bitcoin is now more expensive there.

Its an highly inflated currency

I think goverments will start just start to regulate it more and thats it , there is no reason to ban it at the moment , but who knows . Alot of things can happen .

already those times that were forecasted at the beginning of this year. Look at the exchange and see how the price of Bitcoin has passed the threshold of $ 10,000. I think that many were afraid of such forecasts, but we reached the next maximum.

I don't know, but i think there is no difference between bunned and unbunned bitcoin, becouse goverment can't controle it.

I dont think Bitcoin can be banned.... You can't ban what you can't control, The government can't control it so they can't ban it.

I think No , bitcoin as of now , the bitcoin is growing , Why would it ban? , and it's increasing though , it's just illegal on other countries , but I think bitcoin would not be ban. Many investors and businessman , entrepreneur and so all are investing here in bitcoin.

But if bitcoin ban , there is one reason I think , the reason is bankrupt  or it became , or suddenly vanish.

Totally not. All the vanity around cryptocurrency will settle down and that currency will be used only by short number of IT companies and much shorter number of IT freaks. No necessary to ban it.

Its not going to happen in near time

Of course not, how can the GOV know you are trading BTC?

 I think it will not happen , people are investing on bitcoin ad it is famous all over the world even it is not legal on some places but bitcoin is continuously being famous .I don't think it will gonna be banned .

Governements are waking up, and they will try everything to stop bitcoin.
But I think it will be practically impossible

Well, may be bitcoin will be banned in shops (i.e. in Ecuador).
But I don't see how it will possible to stopping it online

I don't see banning of bitcoin becoming a reality.
They may try, especially in my country, CBN kind of isn't speaking well about bitcoin. But it is evident that it is beyond their reach to close it down.
This act in itself will almost present any government seeking that done as anti-people.
Can internet be stopped?
What of the other useful applications that became born as part of blockchain technology? 
What will become of companies which have invested heavily into cryptocurrency currencies by big investors? Won't they fight back?
These and other questions can lead us to some useful conclusion.
The possibility of banning it is next to nought.

No. The longer this goes on, the more popular and stronger bitcoin gets. And government won't be able to quell the demand for btc ao banning it i think will be out of the question for countries that have a huge bitcoin following

Governments don't like bitcoin, cause they don't have any control of it. If banks will adopt blockchain in their infrastructure, than there is a high chance that they will try to limit influence bitcoin and introduce thier own national or international currency.
Even if they will try to reduce usage of it, they is no way of ban totally bitcoin. There is no law that allows to do that (yet ...).

It is solo difficult technically to ban something which happens inside the computer of a person...what they can ban are eschanges or big mining facilities.

it's been a lot of issues related to banning of bitcoin and some countries do not approve bitcoin as an investment but who cares as long as we spend personal money for bitcoin investment will keep running. bitcoin runs because of us as bounty hunters and investors to increase the value of bitcoin in the eyes of the world

There are still many countries banned bitcoin because they think bitcoin will harm their country.
It will be difficult for investors

Please note that at the beginning there was a strong reaction against internet, as something that could harm national security....

well I don't think Bitcoin will get banned maybe that was just as threat from the bank because they knew Bitcoin getting widely known in some places like India.. you know business competitor they were afraid they would lose client that's why they made that action, but as for banning bitcoin that never happen because many are now getting interested to invest and save in it, not only they will think will profit them more but it safer than in the bank.

I wonder either, when I discovered the update about that, and presently I have got to understand that some bitcoin forum has been blocked, its not sounding funny. I hope it be rectified soon anyway.if this is a treath from the governments at the leading countries of bitcoin I guess with tax payment it should be solved.

I wonder either, when I discovered the update about that, and presently I have got to understand that some bitcoin forum has been blocked, its not sounding funny. I hope it be rectified soon anyway.if this is a treath from the governments at the leading countries of bitcoin I guess with tax payment it should be solved.

Yes, for sure the government can do anything. They can ban bitcoin, in fact some of the countries in the world did it. China banned their people using cryptocurrency, but I don't think people can be stopped.

Don't think it will be full on ban, probably just new regulations introduced to the crypto space, as governments like keeping control over everything.

I think there will be a crisis in the world. But want to ban btc too hard

No the entire crypto currency will get more regulated instead.

It definitely cannot be stopped, but looking at how the government in India is calling Bitcoin a Ponzi while giving clear chit to companies like Qnet. It might get banned.

But can it be stopped, definitely not. Something on internet cannot be stopped.

The same reaction was to the computers, television and even books! So it's natural that people doesn't like something innovative.

you imagine how much money is invested there and how furious will people be if this happens? I hope that this is not possible

The more investors are getting unto it  is the more bitcoin get more stronger because of this whaler investors. Therefore, Bitcoin will be hard for them to ban it because of its strong features which is decentralization.

As far as I know bitcoin is banned in Russia and some other countries in the world. so bitcoin can be banned. because this is virtual currency and there are many participants. Botcoin can disappear at any time. You should be careful when investing in bitcoin.

bitcoin is spreading all over the world. but there are some banned countries such as Russia and other countries ... so bitcoin can be banned and disappear. Because bitcoin is a virtual currency and it changes constantly. There are many people who invest in it.

In my opinion, most country wont do that, but some country will bam it ,take China fot example , it will ban bitcoin and its hard to persuade them.

With social integration with 4.0 technology. The ban on bitcoin at this time is absolutely foolish, because people believe in bitcoin, it helps them improve their lives, create jobs, eliminate unemployment, earn huge profits for businesses. , helping to promote economic development of a country.