Bitcoin Forum

What do you think it would happen if cryptocurrency will banned? Can governments banned using crypto? Is it even possible? Do you still believe crypto will exist after 5 years fron now?

I do not know, but I think if a crypto currency is banned across the country then there will be no crypto currency, transactions for investors, and make some people who use crypto losing side jobs that can provide additional income for them ...

I don't think that will happen in the future especially in Japan because you can buy stuff there using your bitcoin.  ;D It is possible that cryptocurrency will get banned especially in Asian countries like China or Korea but this will be temporary because the digital currency is the future. Just give the government some time to accept the fact that crypto already part of this world especially in our economy. A lot of people will lose their money if crypto will get banned probably there will be protests out there. The only reason why the government will ban the crypto is they are afraid that people may not invest in their traditional stock market instead it will go to the digital currency market.

This is my end dude ;D
Yes dude they can by banning all crypto exchange in operating
Im still believing that crypto will exist because some countries are adapting the technology behind Bitcoin and Altcoins.

To withdraw the cryptocurrencies from the population by violent means is practically impossible, and to stop their issue, it is necessary to take computers from all people. If countries start mass prohibiting crypto money, the number of currencies that allow these prohibitions to be circumvented will increase dramatically. A matter of time and need.

Crypto-currency can not be withdrawn by violent means, and to stop their issue, roughly speaking, it is necessary to take computers from all people.
Centralized currencies can also be destroyed or radically modified, because this will require influencing the bodies that provide centralization. Decentralized currencies can not be destroyed, changed and controlled in this way, because it is impossible to influence all the holders of crypto currency at once.
The only option to limit the currency is the ban on their use within the state.
In fact, it turns out that banning crypto-currencies even in one country is a non-trivial task.

If all crypto currencies will be banned globally then that's the end of all ALT coins? But on the positive sides, ICO of new ALT coin increase almost on the weekly bases. It really a challenge on all Crypto Investors to hold on to this project even with ongoing issues on Regulation of Crypto Currencies entering their market trading.

I guess you never read and looked for information that involves crypto.
there have been several countries that have banned crypto and bitcoin. of course this will cause a negative effect on the development of crypto itself. but, after all this goes crypto development is very difficult to prevent in its growth.

Yes, there is a possibility. But I do not think all countries will ban cryto currency. Especially Asian countries and Russia are giving great support to the crypto market. Besides, I do not think America is much against Crypto currency.

I don't think that cryptocurrency would generally ban by governments, maybe there are some countries banned cryptocurrency operations but not totally all countries banned cryptocurrency. And we all know that governments also looking forward on what is the good contributions of cryptocurrency business. Governments also knows that cryptocurrency business has a big impact of economic development globally. And cryptocurrency business would surely stay on the line of everlasting life.

I suggest you to read all of the oldest news related to the crypto currency against the government and just try to give a conclusion about the tech can't be banned. How the government will ban the future of our life? I guess you need to read more about that. There is a lot of countries were tried to ban bitcoin and they can't do that dude.

I don't see any reason to mass ban bitcoin or any cryptocurrencies in general but some governments still have banned bitcoin and use of many other cryptocurrencies. Some of the recent countries that have banned bitcoin are South Korea, China and India but I don't think that banning cryptocurrencies has caused anything significant by that I mean to say is people may still be using cryptocurrencies. I can't say about China or South Korea but people in India still are using cryptocurrency irrespective of the ban by the government.

What causes cryptocurrency is prohibited, the reason must be very strong, because the current crypto development is very rapid and makes it strong, so there must be a very strong cause to ban cryptocurreny.
And that may be, for example: cryptocurrency as a big one used for projects that violate state law and made a dark transaction.
I still believe, cryptocurrency is still long and hopefully so.

If the crypto currency will banned all the investment are hide no one will regain tbeir investment buf the possibility of banning crypto currencies are less so it will not happen at any cause .

Maybe everyone in the world will be in turmoil, because the whole world is pushing the capital into the Crypto market, if they break up then maybe many will lose all their capital, they will collapse but do not know who sue. The Crypto market is very risky. I think we should not invest much money to invest in them.

I do not see cryptocurrency getting banned in the whole world. Although some countries might have banned it, but that does not mean some citizens of these countries will not still deal with crypto. An instance of such is what is presently happening in India. That aside, i still perceive that some of the countries that seemed to have banned it, will one day embrace it again.

If countries banned the encryption of money markets, that would lead to a sharp drop in the market.
But no government can completely ban the entire market.

The only thing, cryptocurrency will become useless or it may loose people who have the enthusiasm to invest and create cryptocurrency. But I think, banning of crypto all over the world will not happen easily because a lot of people for sure, that will make a protest im the government. Black market can also be created if cryptocurrency will ban in our economy and I think it cannot be uphold by the government.

But why should it be banned in future or present. The c-currencies are useful tool that help projects management and financial status. The huge storm of ICO scams call for a speed regulations to protect holders and this may be a healthy step for a well managed ecosystem for future developpement.