Bitcoin Forum

My question is, are these Governments even going to let Bitcoins and crypto survive?
They are cracking down on it by saying that it is illegal to trade things such as Bitcoins as it is a support to terrorism and money-laundering.
They are not understanding why it was created, but are coming up with baseless assumptions and even hurting people who are paying taxes too to these money-hungry people.
We are currently in the jeopardy of getting cryptocurrencies banned everywhere as if more and more countries join the list, the countries which are supporting it may also choose the same alternative.

Well the major global powers seem to be letting it thrive for the most part. For as long as they're not taking an overly hostile stance against Bitcoin, other governments going the other way don't really pose enough of a threat to its survival. It has proven to be incredibly resilient, fielding bubble remarks from all the way back to when it was worth just a few dollars and even massive Chinese FUD. I'm inclined to think governments don't have the power to decide its survival anymore, and should rather embrace it so as to not get left behind.


There hasn't been any recent bans though, right? The South Korea situation has pretty much stabilized, and I understand there's somewhat of a situtation in India but it doesn't look so bad. These fears of a worldwide Bitcoin ban are largely unfounded.

Bitcoin or crypto currencies can survive even if government intervenes, unless the the whole world will ban it and how will that happen when other countries have openly accepted bitcoin as part of payment methods aside from fiats? Anyone who are threatened with its existence are the ones who are determined to stop its progress.

Yes it will, goverment must be allows cryptocurrency. Cause this is the era, the era of cryptocurrency. No one can't stop it except god

Some of them will have rules against bitcoin, I'm not sure whether crypto can survive with government intervention that has rules to scare off the communities that use it. should the state forbid having a good reason to ban bitcoin, should they also imitate japan and America. They do not forbid it, it is the government's role in the supervision of bitcoin at this time.

Why not allow? Now that the global fear of bitcoin is unfounded, maybe they are also looking for ways to control bitcoin. The illegal trading is because of the anonymity of Bitcoin itself. If we can solve the problem of not being able to trace criminals, I think there will be more people accept bitcoin.

I believe that they will try to pump and dump to bring it down. Remember that bitcoin only makes up half of 1% of the total investments in the world. When it crosses to 2 - 5%, then it will become a problem. Personally, I believe that if people do it legitimately and extract their money through coin base for example and actually pay their taxes, they won’t have a problem with it.

Also you have to remember that most countries are embracing bitcoin, not the other way around. And we all know a global currency is coming. The government is controlled by the big banks and they will do anything to destroy anything that comes in their way!

To be sure, many countries are drafting taxation or laws against bitcoin, which means they are ready to formally recognize bitcoin, whether in that form or in their opinion, as long as bitcoin is regulated and it can exist , But we tend to think that when bitcoin is regulated, bitcoin is not bitcoin, and this is where contradictions e

if the ban is only limited to buy goods using bitcoin, I think it is still reasonable to do by the government. because the country already has its own currency and they do not want to lose their currency. after all most bitcoin holders only trade crypto for profit. and it is not considered illegal

I think that government have interest in the way Cryptocurrency works but the way it works they are not the ones that have control over it that is why they think that it can be use in certain illegal ways everyone can use it even the terrorist can have access in transferring funds fast and convenient, that is why they think it is best to have a portion that they can control, Well even though there are some countries that are banning and against bitcoin there are still some that are using bitcoin or other Crypotocurrency and even manipulating its price so they can profit from it.

What choice do they have? If they ban it, it will just go underground into Dark markets or people will transfer their bitcoins to relatives in other countries, where Bitcoin is legal. Bitcoin is also decentralized, so they cannot just stop a single centralized server to shut it down.

If I was a government now, I would just regulate it properly and welcome the extra taxes and also innovation that comes from this technology. ^smile^

Governments do not encourage bitcoins and crypto world survive for sure as it creates a huge impact for banking industry which is ruled by the Government so Government may BAN or even prohibit the bitcoin or any crypto currency which brings losses for them.

Well said, governments should never ban the use of bitcoin, instead make a regulation for using it or put some tax. They can use it to add more profits and also they can monitor peoples assets or anything that they own. The governments needs to study it first.

The government should be the one who assure the bitcoin future.
Because bitcoin, their peoples can developed using the blockchain technology.
Knowledge, Business, Education, etc are more easier to reach because blockchain technology

They are too stupid, banning bitcoin is not a way out for them. This will add a burden to them.
The bitcoin is decentralized, neither they nor anyone else will ever be able to destroy it. should they be able to think positively, for a country with debts, they can invest bitcoin and pay it off.
I think, although the government has a thousand rules that strictly prohibit, people will still use it even if it is against the law.

i think that they will. i think they're benefiting from it but are just discreet about their use of it. i'm not saying that they're evil, but they're not saints either and if there's a way to get away with a few thousand dollars without having their name tied to a transaction, then crypto is the way to go.

This issue has become real serious in the recent years and it grown like anything when we had the last years boost. Every government was relaxed until that period because they thought it as child play and when the boost occurred last year it shaken the officials all over the globe. That’s obvious becaus they literally never thought that country’s economy will drive towards the crypto currencies in such short period of time.


I think they are not wrong in their seat. They are not really assuming things but thing like money laundering and terrorism acts do happen with the help of crypto currency. This is golden opportunity for dark side people and they will surely mix things up to survive.

The thing is we need a middle way so that government can agree on that as well as the crypto community can sign the deal with happy face too.

They will.
Bitcoin and crypto society habs been already become a big community with millions of user all over the world,  now ask why those people inside BTC banned countries are still trying and still in to crypto world? Because they know its potential and capabilities, today, government may not fully understand but let's wait for few more years....

I think, after all, blockchain technology is so advanced, why the government should hinder their own country progress? Now is the era of information technology development, if the choice of conservative is likely to lag behind other countries, I think the national government has specialized personnel to adjust to improve it, but not yet mature.

Over the last 200yrs, Private bankers have taken over the supply of fiat currencies.  These are called Central Banks owned by the Rothschild's dynasty.  Any government that created its own currency was a threat to them, so they sent the US (debtor nation) to war (regime change) in those countries (most recently Afghanistan, Iraq, Sudan & Libya).  There are only 3 countries left without a Rothschild owned Central bank (Cuba, North Korea and Iran).  Expect America (Rothschild puppet) to go to war with these countries in the future over some false flag event.  The only thing that may save North Korea from takeover is the fact that is has nuclear weapons, any defenseless country was an easy target.

Nathan Rothschild: "Give me control of a nation's money and I care not who makes it's laws."

Now crypto's come along that are a whole new decentralized currency out of the control of the bankers.  We are at a critical point in history where the Rothschild dynasty could lose control of the money supply.  It will all depend on what the people fight for.  Most are happy living in the matrix, working hard to barely earn enough to survive and after that just want to be entertained, few look to educate themselves.  Central Bankers will not give up control of the currency monopoly for a competing currency (crypto's) that easily.  The Central Bankers in many socialist/communist countries simply push Governments (debt slaves) to ban crypto's.  In democratic societies it is not quite as simple, the people think they are mostly free, not realizing most of their lives are dictated by Government laws (ie. you must be licensed for just about anything you do, you need vaccinations, fluoride is good for you, you must not exceed our arbitrary speed limits, you must pay most of your income in taxes, etc).  However, if Governments push too hard too quickly, people will smell a rat, so they must be calculated in bringing in laws to ban crypto's.  If one Government party says ban and another party says no ban, Governments risk losing power.

Central bankers have a few plays here, they can use bankers who basically have unlimited access to currencies to continually smash crypto prices down to try to destroy peoples faith in them (as has happened mid January 2018), pressure Governments to block crypto's, continuously spread fake news through MSM that they own or position themselves to take over the crypto market as they will be able to do when the Bitcoin Lightning network is released.  What we do know is that they will not stand idly by while their monopoly is stripped from them.

Governments on the other hand do not have a huge incentive to ban crypto's on their own.  They are simply debt slaves seeking power over the sheeple who are also mostly debt slaves.  Governments have been hoodwinked to be debt slaves to the Rothschild Central Banks just as people are hoodwinked into being debt slaves to Banks.  As the Bible says, "the borrower is servant to the lender", the servant (Governments) must comply with the demands of the Central Banks.  Many people think Governments are there to serve them and their interests, but this couldn't be further from the truth, the Governments are there to serve their masters, the Central Bankers and financial elite.

The best thing about crypto's is that is has woken up many sleeping sheeple into understanding what is happening outside of the martix.  All of a sudden, there is a small resistance army forming.  The longer crypto's are left to survive, the greater this army will become.  Can the people take back the Governments and oust the Central Banks, let's hope so?!

yes, if they think cryptocoin dont have value, they will leave it. because as i know, the big reason why bitcoin get banned is " unknown". its mean, they confused about from where this coin created, also why only in virtual world, not like money paper. but crypto world always survive, like bitcoin

Not all government against or cracking on cryptocurrency. There are few that allow the Citizen to enjoy the cryptocurrency. Canada is one of those.
In term of survival btc is already proved it that it survive after series of scrutiny.  As long there are people patronize the crypto it will survive regardless what the government to do to stop it.

The best thing the government can do with it is to tax the crypto so that both will benefit as a whole.   

I think the government will not let bitcoin and crypto survive, because for them bitcoin and crypto is a big threat that can disrupt and destroy the stability of the world order, especially on aspects of economy. so they do subtle discrimination to kripto.
but in the end they will aware that if bitcoin is well managed, it will give them a big profit.

bitcoin does have a great risk. therefore, the government of many countries issued a declaration of rejection of this digital currency.
but in my own opinion, many positive things are affected by bitcoin.
bitcoin has its own advantages and is an excellent innovation in the field of technology. it will be able to support the existence of the world of digital currency will survive.
it just takes time for all countries to agree on the use of this digital currency.

right, I agree with what you say. the government will not be able to ban the development of bitcoin and crypto, although what the OP says is very true, (to prevent illegal transactions such as terrorism).
but in fact, this is the development of the digital world and we live in it. whatever the reason the government will eventually join in the future.

"let" is a big word specially when you are talking about a decentralized network. it is like asking will they "let" the torrent network, the Tor network, .... and other peer to peer networks survive!

you see, when it comes to decentralization, nobody has a say in what the peers on that network should or shouldn't do. of course fighting crimes and illegal activities is a must, and by preventing things like bitcoin you don't fight crimes you just made yourself look like a fool.

I believe governments will somehow allow bitcoins and crypto to survive and operate
but it will come with a price. There's always a catch with big markets that concerns,
affects and influences the people and economy. The real question would be When and
How. There are several nations and governments around that permit and allow the
circulation of bitcoins in their economy. Regulations and taxation will definitely counter the
concerns surrounding the anonymity issue. It's a tough nut to crack but with the growing
crypto community and the formidable demand and intensity of bitcoins and altcoins,
it's only a matter of time that designated solutions and terms would be appropriately
conducted, utilized and administered.

Yes,
Governments will want Cryptocurrency to survive as long as they get some sort of monetary benefit from the market. Governments are heavily taxing people who invest in cryptocurrency to compensate for lost investment in local businesses.

Why would not governments let bitcoin and cryptocurrencies survive? they let social media, smart phones, internet, emails, etc why not bitcoin?
There are millions of people using bitcoin and other cryptocurrencies in their daily live and for their needs, there is no reason to ban this. Moreover I do not think there is a way to ban this. People may continue using cryptos secretly and this may create another parallel economy.

the survival of bitcoin does not depend on anybody,country this includes USA. except, if they are able unmask the creator of bitcoin. Meaning they need to identify the right NEGATOMO who is behind the invention of bitcoin otherwise, it will be a waste of time & resources.

Just like the other mentioned earlier - i think govt. are now working toward's tracking & identification of shipment of most  product's purchased online with btc method of payment. Yes, they can track thing's such as shipment of a specific product to a specific destination but, i wonder how many people will use full destination address if, they choose to go with bitcoin.

Note : right now domain name such as productchain,speedchain and other phrases related to blockchain are hot in domain market.



Thanks

Well, governments don't have the power to kill it so they don't have any other choice than let Bitcoin and Crypto World live.

Look the irony, the fiat which is still the denomination of Oil is the US Dollar, surprisingly US is not taking any adverse step to ban crypto... all other countries which bans crypto are doing to bring in regulation and correct the tax evading behaviour of their people. Major part of Europe has not banned, France for a change called for crypto startups as such they are a Fintech nation.
The move forward by OPEC nations needs to be observed, they have a vested interest to see crypto survive as it will bring the equation much to their side, if they can trade without dollar. The stability in oil market is something that the rest of the world is favoring whereas the OPEC nations may like to have a surging price, when that happens as per the projections, Gulf nations may accept crypto to destabilize dollar and when the trading can be done in crypto, the valuation will soar. One have to look at the actions of crown prince of UAE, a move of this order cannot be ruled out.
What will be the action of US then? Central bank / Trump may ban crypto in US at that point or wage wars like someone stated previously on countries and create a trading route for weapons which is dollar dominated.. this will be endless and finally crypto will survive..

Op is actually implying about bitcoins and other cryptocurrencies who face the same threats from being banned by the successive list of countries who tries to portray a bad impression about it, blockchain is a wonderful technology which can benefit the government but its currencies which operates through it itch the government and some banks to stop it.

majority of them did not ban bitcoin, in fact, they support it to the point that they need to make strict regulations with KYC policies in order to minimize such threats. The thing is everything that represents currency or money can be used as a tool for terrorism, money laundering and other forms of unlawful acts.

Whatever they do by uniting together and taking strict actions against bitcoin,it would all go in vain as they would not be able to stop its progress.Its highly impossible for all countries to ban bitcoin at the same time.Here we could see a south east asian economic giant japan legalizing bitcoin and china taking strict actions against bitcoin.

I honestly give it about a 70/30. 70% it survive with no (or possibly minimal) interference / 30% try to actively suspend or stop transactions with crypto. I put this over a 5 year timeline, since, now that crypto is really entering the mainstream consciousness, governments will eventually be cornered to make up their minds about what they'll allow (until the last year, many of them treated this sector as a novelty, but with bitcoin's massive swings and the ICO craze, they can't avoid the topic much longer). I think it'll still take 5 years because governments are generally pretty slow, and they'll form "special investigative committees" and other things which usually operate on a 1-2 year timeline themselves. In either case, I'm really referring to the exchanges, since this is really the only place that governments can effectively interfere if they decide to. The biggest issue will be whether or not so-called old money (banking/finance/wall street) feels like its being left out or not. If they think they can make money on this, then it'll survive. If not, they'll exaggerate money laundering, terrorists financing, or they'll wait for a big loss to take place, and claim that, in the name of protecting people, only "registered" investors with assets totaling X amount should be allowed to invest in crypto. Why I rank this 70/30 is that I think we're beginning to see signs that "old money" does in fact think they can prosper here.

All that said, I don't think the current wild west version of the cryptosphere will continue as its has been, and  I do think that more "oversite" will be added which will be annoying (I think ICOs will face more and more scrutiny for instance), but, by and large, I think that crypto will survive.

As far as I know most countries today are democratic which means we get to elect people that will support this tech which is tomorrows technology and its not about the government letting crypto suurvive
Our governments saying its promoting terrorism is a baseless assumption and their only defence because with its constant changing prices i dont think its a good funding source
Banning cryptos everywhere Wont be happening

You will always have some exceptions, some countries which will give green light for bitcoin. Thing is that if needed nodes will be in those counties as well as mining so you can't really just shut it down.

it is not impossible if the government will maintain bitcoin but this is happening and the government forbids the development of bitcoin in some countries and this is a hot conversation right now.
I hope the government soon legalize bitcoin ;)

Nope, legalization is not easy. But this becomes a hot topic in every country this is true because of this now most of the people aware of this bitcoin. But one thing is sure that governments are discussing more about bitcoin to make this legal or illegal. If they find any solution to collect tax for bitcoin transaction, then they will make this legal currency, or else they will announce this is an illegal currency.

I think if there is a terrorist attack that is funded by a cryptocurrency, it could be the beginning of the end of cryptos.

First of all, torrent is not used to make transactions or circulate values.
You must not forget the situations with kat.cr (kat.ph).


Nothing's decentralized anymore as everything is coming under regulations or straight bans. If you will use, why are you into Bitcoins? Ask yourself.
You are buying or selling it just because you are interested in exchanging values and making profits (growing your capital). But, once you convert your Bitcoins to fiat, you convert your decentralized world to centralized, don't you?

It may be really tough for cryptocurrencies to survive it but many people seem to be against the idea of banning them. It looks like some governments are in favor of Bitcoin and try to encourage investors to invest in their country. In my opinion, it is a matter of time before people will understand that cryptocurrencies are needed. Unfortunately, some politicians don't understand the purpose of cryptocurrency and try to create some sort of digital money which would be similar to the current system.

Why should not they let the cryptocurrencies survive?
Regulations are possible, creating an ICO can be strictly reglemented. That lowers the riske of the people losing money.
A majority of the users are willing to pay taxes on their profit, this way cryptocurrencies even support the geovernment.
It all comes up to what people do with their coins.

Hello. I do not know what to say, if governments let the crypto world survive. In some states, bitcoin and other coins are not regulated by law, at the moment it seems to be a paradise to the crypto world, I hope that nothing changes

Everyone hopes it will come true, but little by little the government starts to open up opportunities for people to use bitcoin, but every society can accept the risk of losing or not destroying the country's currency ...

That's why they are regulating bitcoins and the other cryptos, without a doubt people are using it for all the things that the governments are really talking about and through regulations, they have a chance to crack down on those who use bitcoins for such acts. Most major countries have already legalized bitcoins and it's more hope that they will not rescind the decision.

This is what happens until now that the government has not legalized bitcoin and will be a scourge for the user let alone bitcoin every country must comply with government regulations but somehow this goes even though it has no legitimate rights but its development is widespread and already many People enjoy the results of bitcoin ;D

well, there is nothing we can really do about that. this is simply something that is obviously out of our hands. that is if we do not unite as one in defending the only chance that i think we have to finally be free from the binding chains of the current monetary system of the banks in the world that is clearly outdated. unless anyone  or any group of people stands firm with their decisions to side with the crypto world and really commit into fighting for what they truly believe in, i really do not think that we will ever be able to prevent something like this happening since banks and governments are too powerful to go against we ever fought it individually. that is pretty much what i think.

What ever may be the situation bitcoin will be here to stay,most of the governments are planning to implement some sort of regulation to restrict the illegal use of crypto currencies and they are not planning to ban this altogether ,billions are invested in this by huge investment firms and so it is really impossible for the government to vote against them when it comes to banning.

Even though some states still do not officially accept bitcoin as legal currency but still they are  not opposing their people to stop using bitcoin. In most of the state there still no low passed from their Parliament therefore their people are still free to use bitcoin and they do not have any restriction to use bitcoin. I think very soon state will take a decision about bitcoin usage in favour of their people.

which you say in some countries is true and for bitcoin users still question kelegalanya because here is very easy to launder money contraband illicit goods but for the advanced government would support the development of this era. as in my country bitcoin is being investigated by certain apparatus.

in my opinion why government say crypto is illegal to trade or it can used by terrorist organization to fund their organization or even money-laundering. it's all because the can be control the flow money of bitcoin. not like bank bitcoin is decentralized and doesn't have physical agency that set the regulation. and levy taxes for users is almost impossible for government. so until government can solve that problem, there are still chance crypto world will not survive.

For me, yes the government will let bitcoin and other cryptocurrency survive because they already conduct and study on it, what will be the effect on their economy, etc. Also, some huge company and establishment are already accepting bitcoin as payment. But not all government sectors will let bitcoin to survive; there are some state that already bans bitcoin because of some reasons.  :)

Here is an idea: Get a few of your crypto rich friends together, buy an island, call it CryptoWorld. Then issue visas to the people who want to trade cryptocurrencies, so that they can visit your island and trade cryptocoins.

You just saved the Crypto World!  8)

hmmmm.... this had me thinking. since the internet can't be shut down as that would result in pandemonium, then in the event that they decide to declare a ban, could they do what they did to torrent sites on crypto? the government was able to pull the plug on torrent sites like tpb or kat.cr but would the same be possible with digital assets? i'm still positive that whether the government likes it or not, digital assets will still survive and thrive. i think that it's not something that the government can control...

It turns out there is because some countries now accept bitcoin.

The government can do nothing about the bitcoin if all the users around the world speaks and show their support for the bitcoin. Most of the country around the world are democracy type of country. Bitcoin will noy be shaken even the government ban it around the world. There will be a new currency like the bitcoin will exist if the bitcoin will be ban by the government. They will also face the feelings and emotions of all bitcoin user around the world.

They have to do it and admit that Bitcoin is not a threat. Somebody is talking about the connection of BTC and terrorism, drugs and weapon. It is not true. Why do they forget about dollars that are paid for all this stuff in 99%? Too many people support Bitcoin and governments cannot go against millions.

No one knows this answer. Maybe think about it. It's like grud in the handle. Black or red? only 1 of the options will win in the future!

I think this is just the means by which they want to manipulate the cryptocurrencies, because as long as the price drops, they can control the market by buying more bitcoin, and by that time Bitcoin will only become a cryptocurrency for governments.

It is not yet known whether or not the national government will prohibit bitcoin because each country has a different national situation and may forbid bitcoin because of one particular feature of bitcoin, which is different from country to bitcoin policy, but bitcoin needs the approval of the national government, the only way it will not be suppressed and can not be developed.

We can't tell what will happen tomorrow or the next day, because as what we have known right now bitcoin is somewhat ban in some countries and there's also some countries who accept it as legal matters. Different countries, different policy and laws so we can't tell, but hopefully may they allow bitcoin and cryptocurrency survive.

What they want to do? Destroy all bitcoin mining farm? It will be hard but still possible if all countries is agreed. If japan still support bitcoin then other countries can't do anything. People in country which ban bitcoin still can use bitcoin by using various vpn. Even not many people who know about bitcoin before but bitcoin still fine.

I think yes, they will let it survive. Moreover, many countries have already shown their great interest in developing blockchain technologies. Russia, for instance is going to build legal mining farms and to create their crypto.

Yes, different countries will have different opinions on bitcoin, and cryptocurrencies need to be either banned or not allowed to develop between the two, not necessarily the government's position. We only need time to develop , More progress.

Many countries have already accepted Bitcoin and other cryptocurrencies. Actually the govt. who are not accepting aren't getting it's concept. As you earn more, you spend more and the country is benefited. Maybe after 5/10 years the whole world will accept Crypto as a part of their life.By that time all the govt. will understand the importance of crypto and will approve all over the world.   

The crypto world with its bitcoin will not stop it including the government, although in the beginning of last year many countries claimed to banned bitcoin but in fact until now the world of crypto and bitcoin has survived, which by the end of the country clarified the regulation of bitcoin usage. I think bitcoin will not last if bitcoin is no longer accepted as a payment medium in various countries as well as in its cap the bitcoin market.

Governments that exist by oppressing their people (like the United States and China) will have more restrictive laws than countries that are free. That’s just the way it is.

I think only few countries are banning the digital currencies. As what i have recently read China and South Korea did not ban the coins but they will just to keep ICO to be restricted in their activities because some are questionable. India did not ban also but it just refused to acknowledge Bitcoin. I suggest you balance the bad news and the good news that you have learned to lessen your worrying too much and replace it with joy now that we are recovering.

Maybe, if the government sees the advancement of crypto having good impacts on society i believe they will support bitcoin (if its government is not greedy). But i hate the government of my country, they still have not legalized bitcoin and they are asking big taxes especially for motor vehicles. They are very selfish, not to mention the news of corruption is endless. I think the government considers illegal bitcoin/crypto because the government is afraid they can't corrupt, because the payment system using bitcoin is fast and reliable and without any third person intermediaries.

I don't think so they will do this but the beauty of cryptocurrency is it will survive on its own that's the reason there are afraid of the crypto world.

There were many countries who accept bitcoin but there were also many countries who totally banned bitcoins and cryptocurrencies.That were the hardest part of having bitcoin because you still dont know if one day you will just know that bitcoins or cryptocurrencies are already banned in your country.So as possible cryptocurrencies and bitcoins must do something that could actually persuade countries to accept and support cryptocurrencies and bitcoins.

I think the government will allow both of them to survive. In my opinion, they will benefit from them and think of them as intelligent work. Bitcoin and Crypto have established relationships with target users throughout the country. Both Bitcoin and crypto will promote economic development of the country. People are self-reliant. So, thinking about the people of the country and the country will save them.

the government banned bitcoin for fear of unstable state finances but the government also seems to want to jump on cryptocurrency seen from the discourse in some countries want to issue a valid virtual currency.