Bitcoin Forum

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Bitcoin being illegal in the United States is highly unlikely for the following reasons:

1-According to the Howey test, the Trendon Shavers case established legal precedent that Bitcoin is not an illegal protection.
2-The IRS has already formalised its approach to Bitcoin (as an asset)
3-Many rich and well-connected people have personally invested in Bitcoin, and they would be upset if their political colleagues make Bitcoin illegal.
4-Traditional financial institutions in the United States, such as ICE/BAKKT (owner of the NYSE), Fidelity, TD Ameritrade, CME, and others, are now actively involved in Bitcoin mining, investing, and trading.
5-Exchanges such as coinbase, square, gemini, and others are now very big businesses that are actively interested in Bitcoin.
6-Many local states have case law and regulations on Bitcoin that makes it more difficult to make illegal.
7-There is a significant body of current case law in US courts that defines encryption and code to be covered by the first amendment.
8-Making it illegal does not ban bitcoin, but would rather show that they are a totalitarian government, albeit an incompetent one, since stopping Bitcoin is much more complicated than winning the drug war.

What are your thoughts?

I don't know the context of the question, but your "answer" doesn't seem to answer it.
Indeed, the chance Bitcoin get banned by US government is slim. But the world is bigger than US and the question may be related to another/any government. And in that case, in the same way the internet is censored in many countries, Bitcoin can be (and I think it is!) banned by certain governments. But also "the trend" is towards adoption, not ban, so on the long term I am confident it will be allowed/accepted in every country.

Many of your answers are thoughts only already-experienced people from crypto have. To most non-coiners, the crypto industry is either a get-rich-quick scheme or a criminal's currency of choice.

Speaking about declaring something illegal and billionaires, you have to understand that big names investing in an industry does not make that industry invincible or the perfect investment. In fact, it's even likely that a billionaire plotted with a government and invested in a certain stock for a specific purpose you may have no idea about.

The only (or one of the very few) reason I don't see a Bitcoin ban coming is because:
 1. Chainalysis was/is a wet dream of control-thirsty governments
 2. Bitcoin cannot effectively be banned considering there are alternatives to accessing the network such as Tor

Until they found out blockchain analysis can be a thing, they were showing a big oppression. Since they found out the Bitcoin network can actually be quite easily analyzed, everything seems to work flawlessly.

Bitcoin can't be stopped anymore. What happens is, instead of them banning BTC, they're turning the world into one of surveillance and full control.

If US are going to ban bitcoin, they have done it years ago, but they let it flourish and now it's being used as a hedge by big institutions and companies. I think we don't know another discussions about it unless we see a change in the air as far as US government stance on bitcoin. There could be countries that have banned bitcoin, but they are only a few and look at what kind of government they have.

Exactly, but I think that they can still ban bitcoin even if a lot of influential people are owning bitcoin because they can operate it outside the US, but that thing is close to impossible with cities in US that are trying to tax people through bitcoin and funding public projects through bitcoin, I don't think that it will be close to possible and not to mention that Silicon Valley is in the US and bitcoin is a technology and banning it is essentially not wanting progress.

No one can access the bitcoins in your custodian wallet!
No one can restruct you from making a transaction to another wallet!
No one can restrict the introduction of new coins into the market!

The only way governments can control your assets is if you store them on centralized platforms or use such platforms to exchange.

Most of the no-coiners I have interacted with are actually being hesitant because they consider it to be a complex network for geeks, but they all actually wish they could get in.

US? No, they already use bitcoin regularly there are government would very less likely to be stopping its use. Other countries? Yes many countries have taken a negative standpoint on crypto and they are not moving from that for some years although there seems to be a spark of light.

The only way to stop bitcoin access is to cut electricity power supply. Essentially that would stop the internet from being accessed. But that is a too drastic step to be taken by anyone.

So you can be assured that such incidents will not happen and always hope for the best and betterment of the crypto space. Regulation may happen but remember that if you are a part of the law abiding citizen who does not take part in money laundering, you have nothing to worry about.

Or it could be the other way around too, shutting off Internet can also be a possibility or a apocalypse scale war like a full-on nuclear war. It is a pretty scary mindset that you have to not worry about regulations that they are going to put on bitcoin if you are a law abiding citizen because there will always be a possibility that you can be implicated or blamed for something that you didn't do, have you heard of frame up?

Since Bitcoin was launched in 2009 and released on the global crypto market, pros and cons have emerged, various accusations and speculations that have been raised, no half-hearted, including the creators of Bitcoin themselves want to be caught, The proof is now, Bitcoin has entered the era of 13 years of travel, nothing has happened, Bitcoin continues to grow all over the world and to remote areas.

What I want to say is: the world has entered the era of globalization with super sophisticated technology, Crypto / Bitcoin is a super great alternative currently used by the general public, In doing transactions with money in digital.
Let state authorities talk about banning Bitcoin, the more he talks, the harder it is to ban Bitcoin.

What happens to India is just similar to what happens to China and some other countries that opposed crypto.
It gonna be a control issue. Their leaders (and even the others) wanted to keep Bitcoin on their hands which is very unlikely to happen no matter how powerful they are.
I don't know if they are totally thinking it right and they had tried to listen to the public coz probably it is not the wants of the people.

governments all over the world ban bitcoin and this is not new and bitcoin is increasingly in demand. Big investors have jumped into the world of crypto and they are collecting bitcoin as an asset in the future.

Those people who are constantly talking about Bitcoin getting banned do not yet know Bitcoin. You have 2 options when faced with such people. Either you tell them that it is next to impossible to actually ban Bitcoin and perhaps argue a little since they will probably respond to it, or you just ignore them altogether and avoid wasting time with them.

If the US would have wanted to ban Bitcoin, it should have done it a long time ago. But I think they have already made attempts. All failed, though. Because how can you even ban Bitcoin? To the question of is there any chance of Bitcoin getting banned, there is none. Not because of external factors such as Elon has already accepted it but because by design it is impossible to ban Bitcoin.

Don't see any news something like this at this moment since government are now looking on the crypto venture since it offers good opportunities between the user and institution. And banning is not be seen right now since government regulate it thats why we see some local bitcoin exchange platform,Atm's and other entities who's business is related with crypto is now popping up doing a good business so far.

I'm not convinced Bitcoin would be banned in the USA.  Gold has a market cap of 10-11 trillion dollars and it is not being banned.  Bitcoin just touched the trillion dollar market cap.  It will take decades to even come close to Gold's market cap imho.

Very highly unlikely for that to happen, specially now. In fact the opposite is going to happen. More and more government are starting to understand how bitcoin and other crypto currencies work and is trying to incorporate with the current existing system. They know that banning will just negatively affect the system. Again, they also realize that banning won't stop people from using it since it is decentralize. They are well aware banning will just cause rise in more illegal transactions. Hence, they are trying to legalize it through various policies and regulations. Only few countries out there that are totally against crypto currencies.

If they are about to ban it, they should've done it before long time ago. IMHO, it's too late for them to ban it if they really want to get rid of it and avoid their citizen's attention being into it.

Too late in a sense that they see the importance of bitcoin because of its price and value. A country that's try to recover because of the pandemic will have its time to consider and avoid banning it as much as they can.

I agree with your points, but you can never be 100% sure with governments. Gold was a widely adopted form of money, and then it got seized because of the Great Depression. Now, you can't seize Bitcoin as easily, but you can ban trading it if government will decide that it hurts them.

Democracy can turn into tyranny in just a couple of years, so nothing is really set in stone in society.

Yes, I will ignore anyone who is against bitcoin because it won't be easy to get rid of bitcoin.
whatever the reason, until now bitcoin is still around and even continues to spread to everyone and circles wherever they are.
and in the country where I live bitcoin continues to grow and is increasingly popular, especially during this pandemic and in the country where I live bitcoin is not prohibited and only allowed as an investment and not to be used as a buying and selling transaction using bitcoin and must convert it into fiat.

I don't get the information that OP is trying to convey. I've understood it as, USA on the urge of banning bitcoin. This might happen with different countries, but not with USA. Yesterday I had small conversation with a friend of mine working in usa, and he said about bitcoin, different gateways are available. USA has given access for bitcoin usage, only thing each and every transaction gets added to the taxation account with which taxation can be easily calculated.

Over time, it is impossible to completely exclude the possibility of a ban on cryptocurrency by states. The current position of the G20 countries was that cryptocurrency does not pose a threat to global financial stability. However, they can reconsider this position, and there are already calls from some high officials to do this. Until now, many states are looking at cryptocurrency.
Of course, the fact that large business structures invest large sums in bitcoin is a big plus for cryptocurrency. However, not one hundred percent guarantee.

Such as topics that have been discussed many times, you might participate there instead of creating a new topic and you will find it by using the search button. Anyway, technically there is no way to ban Bitcoin. Since it's a decentralized cryptocurrency, no one can prevent you from using Bitcoin. Yes, the government would declare as an illegal currency, but they aren't the one who can ban it from their country. Currently, most developed countries allow their citizens to use Bitcoin. Those aren't allowing I think they aren't well familiar with it or they are just stupid. Because there is the possibility that Bitcoin could keep a role in the country's development. A few countries didn't miss it.

Well legally bitcoin can be definitely banned by any government. They can enforce punitive actions against any bitcoin holders by law as well. So yes a government can definitely ban bitcoin if they wish to.

Now the question is that how they would enforce the law. That's extremely difficult! It's like finding a needle in the haystack if they want to go behind the crypto holders. So enforcing such law will not be easy at all.

Also people will quickly find an underground market if the government bans it in any way. So just a law can't really stop users from using it. So I don't see a great success if a government bans it.

We kept on hearing news about how USA wanted to banned bitcoin and yes, banning can be totally done by any government but it won't stop citizens from accessing it continuously. This is the reason i think that USA chose not to banned bitcoin but instead, it's even become more popular because of big institutional investors that has made a significant pump in the price of bitcoin.

I think a chance of Bitcoin being banned by the government largely depends on the following factors: how democratic the country is, how widespread the usage of cryptos is and how many influential politicians and entrepreneurs use cryptos. The US is a strong democracy, crypto business is blooming, and crypto usage there is high, so there's a very small chance of cryptos getting banned there. But less democratic countries, such as China, can bad cryptos even if there's high interest to them among the population. So it depends on the country and the circumstances.

I believe BTC will get more adoption and regulation by governments since it's marketcap is in the trillions dollars. It is not a bad thing. Just the opposite. As we consider option of banning (just hypothetically) which have some small odds of happening anytime soon then I think crypto will become useless contrary to what many people here stated or at least be limited to very low level of usage since it is illegal. eventhough you exchange for cash you will not be able to use your money above some amount. 

I am not afraid of any major developed country planning to ban the cryptocurrency market, we might expect a regulation to monitor the market and billions of dollars are invested by investors and companies alike and the government will not act against them, but they might find a way to benefit in the form of taxation. You might see a ban by the third world governments as you cannot predict what they do with it as we see topics regarding that all the time.

Every decision would be made would have corresponding reason neither personal or those typical government kind of views when it comes on dealing with anonymous things.
Banning is something that we have been talking all over the years here on cryptospace.We have seen already lots of decision had been made which is really been divided between
both sides.Good thing that there are still government who do look crypto as an important or still on the neutral and havent done any steps for some blockage or banning it and its a good thing.
They are thinking for some taxation? They can do it through those platforms which are involved with crypto.

Obviously,but I think that they can still boycott bitcoin indeed in case a part of powerful individuals are owning bitcoin since they can work it and HODL Bitcoin,But that thing is near to inconceivable within the nations where crypto is illicit but i think if government legalize it'll be beneficial for economy of the nation will produce income within the shape of taxes. There ought to be cartel for crypto which play a part between monetary teach and individuals to urge acces effortlessly on crypto and get advantage from administrations.

The fact that USA government strongly maintains BTC and cryptocurrencies today doesn’t mean that other countries have similar policies and can’t ban it. Politics in my country still argue about cryptocurrencies and doesn’t have consensus decision to consider crypto as an illegal asset because of a huge amount of money speculations concerned with crypto or to make it legal and provide a huge amount of rules even somehow to control crypto.

China banned Bitcoin before but I was still hearing something about people were continuing to invest in Bitcoin. It looks like there is really no way to stop people. Because governments can't track their transactions unless they keep their coins in their wallet and don't convert them to fiat and don't send the money to their bank account.

this is the advantage of crypto. even if one govt is banning its usage, one way or another, crypto users will find a way how to get around the system. the govt have no full control of what these users can do to their coins. this is why some govts dont want its existence. however, the approach today is changing towards crypto. with the influence of some big financial institutions like paypal or microstrategy, or big companies like tesla, people are now changing their perspectives towards crypto. am sure a lot of them have had negative perception towards crypto but some change when paypal or tesla started dealing with crypto
with respect to the govt, it depends on them actually. but they will be left behind if they will totally ban the usage of crypto to its citizens. i guess, it is not in their good interest if they will do so

I just found an article in forbes published a few days ago that titled
India’s Plan To Ban Bitcoin! Could The U.S. Be Next?

Obviously, countries like India and Nigeria that have more recently banned bitcoin arguing that bitcoin is not money, it is not endorsed, it is a Ponzi scheme, it is an easy way to launder money among other things. They will not want bitcoin to dominate the economy in their countries because it will be difficult to divert public funds due to the need to implement a new, more transparent and secure technology.

I don't think the US will be the next to ban bitcoin. Because bitcoin lives with the United States from day one, there is a good ecosystem that is gradually consolidated.

This is a discussion I have encountered on this forum many times, and I remain in my opinion that the government will not be able to prohibit
the use of crypto. Because it is interesting that several countries that frequently banned crypto always end up failing. Because residents will
always find ways to use crypto, so in my opinion it will only be useless if there are countries that ban crypto. Therefore it is better to make crypto
an ally than to make crypto an enemy.

We can't stop some leaders to ban crypto as it was their decision and they are blind enough not to see the benefits it gives their netizens. But I believe they will soon realize that they are wrong and change their mind. Because many were saying that "I just to believe if I saw the result" That kind of perceptions and behaviors are just happening since before, these leaders thought about crypto that is just a scam until they can prove it that they were wrong and opened-up their minds.

Not just in USA, but to every other countries as well.

I assume the OP is listing the answers on why Bitcoin can't be banned, particularly in US in case anyone is wondering what the OP is trying to point out.

Personal or p2p transaction is like the fail-proof way even if "ban" was imposed into a country. Nobody knows that you made that kind of transaction except you and the third party person.
Assuming that ISPs banned every exchange in their own nation, then people would just go and continue using VPN.

In the history of bitcoin, there are still ban statuses issued from countries around the world.  "Ban" here is not the same as blocking directly into bitcoin, because this cannot happen, they just indirectly issue orders that indirectly govern their citizens like the way India, China did given at 1/2018.  Fairly or not, this is not to expect given the trend of bitcoin and the crypto space.

If we are seeing an auctioneer getting paid 70 million USD for their artwork and on the other hand I am able to buy the Tesla with crypto, no I dont think that bitcoin is going to be banned anytime sooner. Bitcoin (or crypto's) has become "real part of the real world". It may take sometime to digest for new peeps but those who are here since 2009 and sooner after, know for factual practices that bitcoin has always been outstanding for the decade. It continues to amaze many people in the today's world.

When the economy was crushing to it's knees during the strictest pandemic, bitcoin achieved roaring 1 trillion + market cap. I think that's more than enough to prove it's existence forever!

It appears that these regular periodic bans in individual nations are not going to stop as it is a way of creating chaos by the government in other to tap into the resources of crypto enthusiast. In a way, causing the necessary distraction for crypto enthusiast to withdraw their bitcoin or Altcoin into there fiat equivalent for local investment which are readily taxable.
In other way, it is a test of reactions and perception to see how the public reacts ino order to find a way round it as per suggestions from concerns of both crypto enthusiast and the community at large.

The probability of US government banning Bitcoin is same like of Sathoshi revealing his Indentity which is near to impossible because there are valid reasons for that justifications.Us government is one of the nation which themselves holds Bitcoin in their reserves with more than 80000 Bitcoins seized from Silk road scam.The other reasons are they can put a ban on trading like centralized Excganges and punishment for trading but they can't stop Bitcoin because it is not limited to geographical boundaries of countries and miners and people will continue to work for its progress until all the coins are mined in 2140.You have coins in your non custodial wallet and no government can seize it as they don't have access to it.But they will prefer to regulate it and promote its global usage with globalisation and people moving towards digital payments Bitcoin is best possible source with you.

You have valid points in your list,but keep in mind that USA is not the "center of the universe".
China can potentially ban cryptocurrency mining,and the Chinese government will have no regrets going this,event though there's no point of such ban.
Russia is in the list of "not-so-crypto friendly" countries,so they might ban crypto trading and mining pretty fast.
With all the crypto adoption,that is happening across big western corporations,soon cryptocurrencies will be seen as something "western" by Russia and China.This means that the cryptocurrency users in those countries might have a hard time.

Bitcoin is not a fiat currency... the government can't just ban bitcoin because they are not the ones in control. The government can only ban something they control over such as fiat money or something like that. Bitcoin is a peer-to-peer digital currency that is fast, secure, and decentralized. Thus, the government has no power over bitcoin, the government can only regulate bitcoin at certain levels.

Government ban on Cryptocurrency is a product of selfish interest. Some government financial regulatory agencies are seeking on how to generally centralize the total asset and financial status of their economy.

Most country went as far as creating their own Crypto currency. This has lead to the ban of Crypto currency in many part of world with the aim of promoting their own digital currency

If some countries decides to  lay a ban on bitcoin or restrict bitcoin transactions in thier countries it won't affect bitcoin that much and like you say most big investors will have to battle with thier government about such decisions, and also if a country put a ban on bitcoin it will only make things hard for the crypto users in that country and there will always find a way to make transactions which means going against the rule of their government. The government puts a ban and can't carry out action checking if citizens are really obeying the rules because there don't have access to every one's phone and crypto users will still always find a way to transact which means the ban eventually does not have an effect on them.

Banning Bitcoin has been a talk for long while but instead of getting it ban, it is still gathering momentum in the world. Ban Bitcoin at this stage will be difficult because some High profile individuals are now involved.

I believe the government knows the benefits of cryptocurrency, but they pretended to close their eyes and decided to ban cryptocurrency.
This is because the government is afraid that cryptocurrency can replace fiat and stop Banks system, but it's just a fear that won't happen.
If we think carefully and use our logic in thinking, then we will realize cryptocurrency can never replace fiat. At least for quite a long time,
because we know crypto transactions require an internet network. And not all areas have been covered by the internet network. Therefore,
the presence of fiat is still very much needed, so the government does not need to exaggerate that the presence of crypto is a threat.

There were always some countries that wanted to ban Bitcoin or crypto in general and still to this day there are some of them that are not so accepting towards crypto currencies for obvious reasons, one of those reasons would be them making less money from their banks and the other reason is the fact that it would be harder to track and control people that are using decentralized cryptocurrencies to send and receive funds instead of using their centralized banking system.

But at the end of the day they have to accept the fact that crypto is going to take over traditional banking system or at least modernize and improve it for better efficiency, there are already a few countries that are starting to realize it and instead of fighting it, are adding new rules which could help the better adoption of cryptocurrencies, Japan and Switzerland to name some of them.

Crypto currency is decentralize currency means no people in control behind this digital currency, in that way crypto is not easy to ban in one specific country;  however they can make a laws imposing penalties those who use crypto currency in their place of jurisdiction, but that law will applicable only to the people who caught using crypto currency but can't be impose penalty to those using crypto currency anonymously.

Of course there will be one or many countries that their government sees that the existence of cryptocurrency usually the adoptation may become a threat to their economy. So one of their action to these speculations was to announce it as ban or using it was hardly prohibited. Well of course one thing that the government may think it as a threat was the characteristic of cryptocurrency being decentralised meaning to say the government has nothing to do to make cryptocurrency under their control.

I agree with you that this kind of scenario will be impossible since there are already lots of big names that are involved in the current development of its price especially this year. They could have done it years ago if they really wanted to but they didn't. that's because they know what's the best thing Bitcoin could bring to their country and the proof for that is some of their government officials have already talked about its benefits and some of them already invested in it along with the big names companies that are located in the USA.

Where do you live? I'm a little confused what you mean. What is meant by prohibition here? Is the payment prohibition or prohibition against doing activities on crypto as a whole?

Maybe this is one way of getting around the rules. But if the authorities have the expertise to trace transactions, Anonymous can eventually be found. For example, through Fiat's account, he can track the transaction from where the money is coming from. There must be a barrage that can be investigated gradually.

If this would happen then it would have been long ago when btc was still in it's infancy and not known to many, right now btc is well known, this time big companies and affluent personalities are involved, it will be difficult to impossible for the government to ban btc now, even if the try it won't stick since blockchain can not be controlled by anyone.

Banning cryptocurrency in a country like United States where there are lots of cryptocurrency users will be nearly impossible to make happen for the reason that they are continuously nourishing cryptocurrency usage within their scope and have visible works like Bitcoin ATMs scattered around that supports cryptocurrency usage as well as merchants who accepts Bitcoin as a mode of payment for purchases. If government would like to ban cryptocurrency, they would have done it a long time ago but since they have not done such, then it will be assumed that they will not be putting their hands into such issue concerning crypto.

Stopping bitcoins would be like going back to where we came from, and that is the monkey era where we knew nothing, no internet, no food making, no money, no excitement of earning it, no competetion, nothing. And it will also make up our mind that we are government's slaves and can't go against them as we will suffer badly if we try to stand against an already established power. I do not think that btc can be stopped even if it is banned because people are so clever they will find any way to trade it.

i think government should not consider bitcoin as an illegal.other government ban bitcoin and they destroy the image of bitcoin. for megovernment also invested in bitcoin not telling to people that they invested in so  that government benefit for their own good. Bitcoin has been phenomenal this year. rising and rising every year

Those countries that ban crypto, they don't know the benefits and progress that attached to any countries that make cryptocurrency legalized  in the society. Cryptocurrency was a good gift Satoshi Nakamoto gave to the world, to use to secure their payment and to store money without any fear.
Many countries that legalized cryptocurrency are seriously enjoying the gift that the founder of cryptocurrency gave to the world. It reduced so many negative things in the country for  those countries that made it legalized in their land and to do everything possible to protect cryptocurrency in the country.

It's just my opinion only I think they would like to ban those users of the cryptocurrency in their country because again its decentralized and no one handles and it's doesn't help the country itself because the government doesn't handle this kind of money transferring we all know that the bitcoin is a tax less so we won't worry but the government does. Unless they will create a centralized platform that most users will use this so that they can get a commission on their transactions.

That is the best thing to happen to bitcoin, being recognized by the state in a good way but every government differs in their way of thinking so we don't have a grasp on how they think unless we put people in the seat that knows what they are doing, competent and deserves their seat. There are a lot of reasons for governments to ban bitcoin and I don't think that they really want to destroy the image because if they were to ban it then the image of bitcoin is already destroyed in their perspective.

To simply those list, its decentralized currency, banks and government can't make a profit from cryptocurrency so they would rather ban and ensure that people would stick to the regular currency which then can regulate. Its nothing new, tons of government bans Cryptocurrency to the point that there are certain countries bans mining as well.

Because the truth is? US is playing with Bitcoin and the whole market of it (Including altcoins) because just like what you said they can easily banned this or even stop if they want it.

But clearly they dont and they wont because of the benefits that they are gaining or the benefits they will get in the future.

...or maybe the government is hiddenly hodling Bitcoin already so that people would sell their coins when they impose a ban, causing price to plummet and they'll take the coins that have been dumped.
Hodling Bitcoin in such specific wallets like cold storage would make them anonymous, or pseudonymous at the least and people wouldn't know.

No, the government will still benefit from cryptocurrency just because of tax regulation. They regulate crypto but can't control it.
There are many reason why the government prohibit bitcoin from being used as a legal tender. We all know they are scared because bitcoin can render the banking system useless. Decentralization was not wanted by the government at all. Because they can't be controlled, regulation is one way to prevent growth and adoption.

Just still wandering on how they can regulate the users since bitcoin is cannot be automatically taxed by anyone not unless if they implement it on auto deduction on the wallet provider.
Maybe for now banking system sees bitcoin as a threat now but for sure government will file a law on how they can rule it upon usage on their country. We don't know yet on what will be the actual scenario, this is controversial and maybe this will create hype or fud once this scenario will newly came on big countries.

Well Nice scenario , the question is when they will implement the banning?
That's something No one could ever Find , though the FBI is already Holding good amount of Bitcoins.

If the government can regulate then the profits will definitely flow in every income so the government will have full control if this is regulated, just look at now that many institutions have adopted bitcoin, now the government can also impose taxes so it's not just one. The thing for many other companies if the government supports it in this way, not only because of decentralization but all that it can be done completely.

The government has begun to be interested in preventing the ban completely, but the government will assess how the government will fully support it.

We all hope u right, but u never know when we talk about U.S....

If this going to happen around the world, we are simply giving up our anonymity. By simply paying tax to the government, we are also giving them the chance to know more about what we do in crypto and how much we are able to get from here.

Because the more we are exposed to them, the more they got the interest to oblige every crypto holder to tell how much they hold and their crypto assets. And this might lead to some tax abuse that will happen in the near future for the corrup leaders and which I worried about for the worse case scenario like being controlled by the government.

They can still make money from it. They don't have to ban it and just impose a regulatory tax that every profit gained through crypto is taxable and has to be declared as income.

In some countries, they're doing this. Instead of putting a ban to crypto related income, they're simply giving their people freedom to get along with another source of income through crypto trading.

I think it will not be in the world because of Bitcoin value.i think any country in the world Will not do this,yes may be temporary it can but it's not possible to ban Bitcoin perminantly.because there are millions of inversters Evan infuancers have involved in Bitcoin,so how can they afford loss.and how can they allow Bitcoin ban.but there are many countries thinking about regulating Bitcoin .and I think some countries have done.alow Bitcoin.So if someone is thinking about Bitcoin ban its their thinking.

I agree with this point. I think civilized countries should give an example to all world and show everyone that Bitcoin and crypto are not dangerous. However, these assets can be regulated in the proper way so people can even pay taxes for the crypto received from mining or trading. Perhaps, Bitcoin can become a second international currency like USD.
Have you heard about Venezuela's experience? They try to relieve the country's economy with the help of their own crypto known as El Petro. There is already allowed to pay salary with El Petro and the prices in the country partially indexed to the coin.

Government can ban it but they can't stop their people to use Bitcoin. Recently china govt tried to ban mining and uses of bitcoin but they failed badly. Indian govt and Nigeria attempted to regulate cryptocurrency and tried to stop their people to trade crypto via Bank account, But they did not succeed and has finally been forced to give legitimacy to bitcoin transactions. So, govt can ban crypto but It will not be good for them.

but for my country this is still complicated to do, tracking is required on their personal crypto wallet and it is still not possible. the use of regulatory tax is only imposed on exchanges in that country, not for individuals or individuals. Some crypto regulations in developing countries allow crypto to be used only as a commodity asset no more than that.

Crypto is becoming very popular and many are already aware of it. Several agencies have also started to enter crypto, large companies and others. Other income through crypto trading provides an opportunity for them to get more profit but still with a high risk and become their own responsibility.

Exactly. That's the beauty of Bitcoin's decentralization. No one will be able to stop it, as long as there's a considerable amount of nodes and miners supporting the Blockchain. By using a non-custodial wallet and decentralized exchange, you'd be able to overcome government restrictions. Be prepared to face fines or jail time if you ever get caught using Bitcoin in a country whose use is illegal. While government bans won't have a direct effect over the prominence of the Bitcoin network, it will certainly affect mainstream adoption. Most people will be afraid of using Bitcoin after it's "banned" by the government. Only a small number of people will continue to use it regardless of the government's negative stance towards Bitcoin.

Nonetheless, we could say that nothing lasts forever. Who knows how Bitcoin will survive after being banned by governments worldwide? Mainstream adoption will be at its lowest, so I guess that the number of nodes and miners on the network will decline too. We're going to have to see what happens in the future as governments see Bitcoin as a threat to the current monetary system. Just my opinion :)

Bitcoin and other cryptocurrency are already ban from certain countries, if I am correct. Most of them are denied access from crypto, like how the government ban access on certain websites, which users are forced to VPN to access cryptocurrency. Yes, they can still have access on crypto but it would a hassle to and can be problem on certain website as they can be targeted for account termination or inaccessible account once found out that they live on certain banned country.

An example where an account error may happen are on gambling website and trading website where KYC are held. Even, non-strict website on KYC can hold your funds when you've been ask for an KYC due to transaction on your account. Most of this situation results on an account termination or funds being on hold due to illegal use of crypto.

There are various inconvenience that these ban can cause to their citizen trying to access crypto which is best to follow the protocol or migrate somewhere else to be eligible on full access on crypto.

I wasn't even aware that FBI held Bitcoins already.
Even those who impose law to it were even hodling something for themselves just to keep their people away from it.

Yes, they're open to this and if they see that there's something that won't go along with the government, they'll at least put some restriction but not a total ban for it. As for Venezuela, did it really helped the country with their Petro? what's profitable are the established cryptos.

It can be applied for the individuals who make money from crypto. Just like the people from the US, when they've gained profit from crypto, they're filing it as their revenue along with respective taxation.

There are a few countries where bitcoin is banned like China, Algeria, etc. but if we know how the internet works you could easily access bitcoin or cryptocurrency even if it is banned in your country.

Something like a VPN thing could easily be used to bypass but it might actually just depend on what website that you are going to use if they are going to were going to allow the access.

I mean there are some websites that does not allow the use of VPN, it not that risky because you could always buy a VPN if you want to buy bitccoin.

Mostly unstable governments who fear for their fiat currency.

Banning bitcoin tells the world they're vulnerable and weak. It's one of the worst things you can do to your country's economy and status on the global arena.

I'm not scared of bans because in the EU it's already legalized and many countries are trying to invite crypto businesses by lowering taxes.

It is not surprising for me to know that there are always countries that want to ban Bitcoin, it's all because Bitcoin cannot be controlled.
The government will then take safe steps by banning Bitcoin normally, moreover the government thinks Bitcoin can threaten the Banks system.
So it's no wonder some countries ban Bitcoin, and if there are countries that legalize Bitcoin, it usually can't be used for payments.
Usually Bitcoin is legalized only as a digital asset.

I would say that these countries are just trying to save their own, not their people. They know the possible benefits that their people will get from the crypto investment but these corrupt leaders never wanted it to happen.

They wanted everything will be in their control which could not. And they ban crypto for this reason and this is just like showing how wrong they use their power.

There are few countries that banned bitcoin, Well, being threatened by the technology can at least make the government move to eradicate the use of it in their domain. As of now, I think most of the population today are still using their fiat and their banks in their daily transactions but come to think of it, Over the years people started to learn how to use bitcoin and this is what the government trying to avoid, An increasing number of people that can abandon banks and start using bitcoin. Though there are countries that have a positive approach to bitcoin, In our country we have a custodial wallet that is mandated by the authorities and can be at least used on paying bills, buying credits, and could be used on daily transactions.

The topic related US government can ban BTC,  we saw in previous onetime BTC was illegal here but people didn't obey this they used crypto for their progress and purposes then automatically BTC makes its position here. There are no ways to stop crypto just they can operate people's money. This will be great if some systems are correct which making this problem.

That was the beginning of bitcoin's entry into the country. All countries originally banned bitcoin including my country. But over time our country's unstoppable technology began to adopt bitcoin even now we have an investment regulatory body that currently also legalizes bitcoin as a commodity asset.

Again, Cryptocurrency being banned by the government can only boost its popularity because most people would like something when its infamous or even promoted since being banned by the government means more people would deep dive into learning it. Elon Musk can talk about it because he is a part of one famous Financial Technology company and he knows that adopting Cryptocurrency into his business is a great way to boost its credibility. Its also really impossible to ban Cryptocurrencies but what they can do is lessen the ways on how people can cash it in.

Nobody can ban bitcoin and cryptocurrency including the government. My country has banned bitcoin many times, but what the government did was in vain. We keep using bitcoin and continue to trade bitcoin. Some of the biggest crypto exchanges like Binance are not accessible in my country, but we can do it using VPN.

Not also surprising that out of the countries in the world there were definity one or more countries that were going to ban crypto especially bitcoin, and they will going to treat cryptocurrency as a threat to their countries economic especially that they can't control bitcoin or they can't put it under their regulations. But good thing for sure will happen and now are already happening that there were more countries that will going to adopt and legaluze bitcoin.

what you say is very true , but if we as good citizens obviously will not violate the existing rules, because clearly it violates the rules and the consequences must be there. in fact, if the government wants to really ban it, of course it can be done. but maybe your government just wants to state that if something happens the government doesn't interfere, like banking in general.

Exactly. Governments see Bitcoin as a threat to the current monetary system. They might do everything in their power to try to stop it. A full Bitcoin ban might not directly affect the Bitcoin blockchain itself, but it could stifle its growth in the mainstream world. Most people will be scared to join Bitcoin if the government declares it as "illegal". Fortunately, Bitcoin will survive as not every country will ban its use.

Nonetheless, it looks like governments are too late to the game. If they really wanted to "destroy" Bitcoin, they should've done it within the cryptocurrency's early days. Now governments have no choice but to join the Bitcoin/Blockchain bandwagon. Who knows if every country in the world adopts Bitcoin as an alternative to Gold sometime in the future? Just my thoughts ;D

- The government action and ban is just a blow to the air, investors just need to take a little more time to solve this problem through VPN software, really don't understand what the government's efforts to do or what they want to prove, this stubbornness only makes the generation behind limited exposure in this area. Besides, the governments of these countries are stagnating their own development compared to other countries because so many businesses have entered crypto, their revenue will soon become tax money for the government and taxes are the foundation for a country's government to create more infrastructure and progress.

There are alternatives if we face any difficulties. Bitcoin is unbeatable and government can't able to ban it as bitcoin is a decentralized coin. We can't locate the transaction and government can notify us not to use it only.

I understand why Bitcoin is not banned in the USA, and I understand why it can be banned anywhere, but it is not possible to fully control this process. Until you yourself admit that you have cryptocurrency and don’t hand over your private keys or seed phrases, no one can prove anything. Banning cryptocurrencies is the same as blocking the flow of a stormy river - water will always find its way.

It is impossible to ban cryptocurrency. Because unlike bullion or fiat currency, cryptocurrency is not a physical asset. It is just a bunch of codes that can't be seized by the authorities. As long as you own the private keys, no one else can access your coins. If the government thinks that they can ban cryptocurrency by passing a few laws, then they are mistaken. As a first step, they can get themselves more educated about cryptocurrency.

Now many countries shlwing their attractiveness towards bitcoin which is possitive sign for bitcoin and all cryptocurrencies.
Bjg reason due to Bitcoin is banned in more countries are it decentralized system and Government  want to tax every rich peraon according to their money which cannot be achieved when trader trade through bitcoin.

The ban things over crypto market won't work any more. Recently the cryptocurrency market cap hits record $2 trillion and Bitcoin holds more than half of the whole market cap. It's simple that investors are firmly believes that BTC is a secure investment despite all the Govt ban drama.

Questions remain on the effectiveness of the regulations because taming the decentralized, regulation-free blockchain-based virtual currency market will remain a big challenge for any real-world regulator.

They can do it, some developed countries will do everything they can for people to pay their taxes, yes there are some that slips through the cracks but if the money is right and they really hate that person, they will do everything in their power to make sure that person pays taxes but I digress, the reason that bitcoin is banned might be because of the old belief that it is a medium of exchange in the underground economy which is somewhat but not entirely true.

Most states have not yet finally decided on their attitude towards cryptocurrency, and even those that have done so may still change their attitude towards it. Therefore, in the future, everything is still possible. I think that over time, states will regulate the circulation of cryptocurrencies more stringently, but whether there will be an attempt to ban them, this will depend on many factors that are now impossible to predict.
Now the attempts of some individual states to ban the circulation of cryptocurrencies have not been crowned with success. However, if such a decision is made, say, at the G20 level, it will be much more difficult.

United States is the country of freedom...if the government will decide to ban crypto this will be a meaningless decision and im pretty sure this will not happen...americans play a very important rule in crypto and they will not let this happen

Nah, don’t say that the government can’t ban cryptocurrency, they can do that anytime they want to do it, the thing that most people are going to do is get angry, even the Elon Musk you mentioned can’t do anything about it except just to be tweeting on Twitter and he wouldn’t tell the government what to do.

I am not saying that the government is going to ban bitcoin, I am just trying to let you know that there is the possibility of them banning it if they want to. But then if you look at it the other way round, if they ban bitcoin it doesn’t still stop people from making use of cryptocurrency, because they are going to continue making use of it and they will do that through p2p, just as what happened in Nigeria where p2p became the next big thing that everyone faced.

Banning of cryptocurrency is as old as cryptocurrency itself. Instead of seeing this coming true more influencial people are getting on board coupled with institutions.
I don't see ban coming true, to me cryptocurrency has come to stay.

Bitcoin is normal investment someone can adventure into, that's the reason most prominent people in the society likely to go into it currently, so government banning cryptocurrency, whenever I hear such I laughs because I noticed that government can't ban crypto because people in government don't have power over crypto, they can only restrict it movement or popularity in their country not in any other country, restrictions is different from  bad, people misunderstood the point between ban and restrictions, Ban simply means it can never exist again across the continent, while restrictions means eradication for a specific place or a country, which other countries will partake on it with willingness, so the difference is very clear.

On the contrary, most rich people who make investments in cryptocurrencies are willing to pay taxes on these incomes and are unlikely to want to spoil relations with the state authorities on such an occasion. Some concerns about cryptocurrencies may raise monetary policy issues, because governments are used to acting and responding to situations in a certain way and cryptocurrencies do not fit into the usual way of doing things. Therefore, governments are more willing to accept cryptocurrencies as property than as currency.

The more bitcoin hype goes around the world, the more there is a desire to regulate it by the governments of different countries. After all, in fact, in America, when money was handed out to people in connection with the pandemic, we saw bitcoin jump, I think the entire population invested in bitcoin and the government did not like it very much ...

Human nature to see new things with suspicion but crypto is not new though, it came into existance in late 2009 more in 2010 but came into public mainstream media much later.

So the governments are run by the politicians but the country is run by the industrialists. As soon as they start taking a pro-crypto stance we can see changes in the governments stance, which is gradually happening in the first world countries, hoping that it reaches the third world soon because that is where crypto can really make some changes.

And lets put aside the conspiracy theories of how bitcoin can be removed, shutting down the electricity supply to a country means a huge loss for that governments and so that is not happening. Besides the governments know that its people use crypto, they only need to keep a watch to catch money launderers, thats all.

the times and the population of bitcoin is getting more and more popular, it seems unlikely that bitcoin will be banned. including the US will not easily ban things that provide profit, I just believe the government can only have a limited number of rules to regulate bitcoin around the world, but that is the regulation according to the government of each country. because bitcoin does not have a centralized system so it will not be able to easily ban bitcoin in any form.

What is the attitude of the government of India to crypto now?

Wait for 3-4 weeks. State elections are going on in India, and some of the states with large number of cryptocurrency users are taking part in this process. So for now the regime has put a hold on their plans to ban the ownership of cryptocurrency. And the best news is that the current session of the parliament will end today. The next session is scheduled for August 2021. So before that I don't expect any major movement on this issue. And right now there seems to be disagreement between the bureaucrats (who are in favor of the ban) and some members of the governing party (who oppose such move).

I believe the lack of sophistication of some people about the major concept of Bitcoin is the reason why some people thought the government can actually ban Bitcoin and the last time I checked Bitcoin posed total liberation from the government. Besides, people from countries like China still trade/invest in Bitcoin despite their government stance about it.

The most important thing is that a bitcoin ban means nothing as people will keep using it. Governments can't stop bitcoin and for this reason I think they aren't going to ban anything, as it's worthless and doesn't guarantee themselves any benefit at all. Nigeria tried a ban, but it seems they are already regretful about it.
With a bitcoin ban, governments force individuals to transact in the shadows illegaly, not producing any income from taxes to the country. It's definitely not interesting for them.

As OP stated, banning bitcoin at least in the US is very unlikely. But in the off chance that it is to banned,  bitcoin will suffer significant losses. As most of it's high-rollers are situated in the US, and will be forced to cash-out or risk losing their money in the process. I can expect that it can even spark a panic sell which will definitely dump bitcoin's value, down to something that I highly doubt it can recover from. Even in the crypto world, the US still holds the best cards apparently.

I am really that surprised that there are countries who wants to ban Bitcoin and cryptocurrency in general. But what they don't know is that Bitcoin cannot be regulated lest controlled by anybody. Not even the Big Finance can do anything to make Bitcoin disappear. It will just make people be more aware of the existence of Bitcoin and more and more people will use it and invest on it. So in a sense, it is a losing game for the governments. 

Back in 2010 😂:

Governments will not want to lose a piece of the pie, as crypto has become a force to reckon with. Instead of banning Bitcoin and other cryptocurrencies from widespread use, governments can simply embrace them for their own benefit. It's possible to tax crypto for governments' own financial gain. As long as crypto can be properly taxed, there should be nothing to worry about. Even if governments decide to "ban" Bitcoin, they won't have much success because of its decentralized and censorship-resistant nature. They should've done something within Bitcoin's early days in 2009 in order to make it disappear from the face of the Earth. Now that it's too late to "ban" Bitcoin, governments will have no choice but to accept Bitcoin and other cryptocurrencies as legitimate mediums of exchange.

All in all, no one knows what will happen in the future. Governments could either go rogue against Bitcoin or friendly towards it. No matter what happens, Bitcoin and other cryptocurrencies will stand the test of time thanks to their decentralized design. While people won't be able to trade crypto as usual through a centralized exchange (because of the government ban) they can resort to other means in order to fully participate in the decentralized economy. With decentralized exchanges, privacy-oriented cryptocurrencies, and atomic swaps, one can achieve true peace of mind. That's the beauty of decentralization and censorship-resistance. Just my thoughts ;D

Governments or financial authorities can't control bitcoin as a result they don't like bitcoin as a currency. All governments want to control the financial matters of their citizens. But many people don't like it, they want some sort of freedom of their financial matters so they feel with bitcoin, they will get their financial independence. Seeing no other alternative, some governments have been considering launching their own crypto to counter bitcoin.

That is correct. The US will never make any statement to abandon bitcoin or cryptocurrency. It will be their dead end. They have all the facilities to experiment new technologies. That is why many technology start-ups choose America and Silicon Valley to begin their journey

However, regulations are necessary. Many people are being stolen their money without receiving any help from others. Authorities do not like this at all. The US government always want to protect their civilians from any harm. On the other hands, regulations give the authorities more tax. People might not like this at all but they have to do this because big companies can avoid paying tax by using cryptocurrency as a payment method

Have Argument in your post. If government want ban bitcoin always he can. But it only her country not it all world. If today some big country ban bitcoin in her state bitcoin price fall down. If you saw 2018 why fall down bitcoin price. Many country ban bitcoin like China, France etc.

I consider the banning of crypto by some governments and financial institutions as "myopic". It is an inevitable improvement in the financial space and the world entirely, how can you ban such a wonderful evolution of finance and expect to be ahead in the financial space.

No body can successfully ban Bitcoin, it's a decentralized system. Much have been invested in it and the US is home Major player of Bitcoin and Cryptocurrency at large. The government is left with no option than supporting the movement.

As it's said in the real world, "if you can't beat them, join them". Governments' efforts to ban or destroy Bitcoin have been futile to this point. They have no choice but to embrace it or be left behind in the dust. It seems that the proposed launch of CBDCs (Central Bank Digital Currencies) is a sign of governments admitting defeat to Bitcoin. Countries like India and Russia tried to ban Bitcoin without any luck whatsoever. It shouldn't be long enough before they open the doors for crypto and Blockchain tech to blossom.

As far as I know, governments can only enforce regulations through centralized entities. This means centralized exchanges, online wallet services (like Coinbase, Xapo, etc.), and third-party mixers will be subject to government regulations. Decentralized alternatives are free from this due to their widely-distributed nature. As long as Bitcoin and other cryptocurrencies remain decentralized and censorship-resistant, there should be nothing to worry about. Just my thoughts ;D

It is very unlikely indeed that bitcoin is to be banned in the US, basically because it has already been recognized by the government. But in the off-chance that it is to be banned, Bitcoin will receive the biggest downfall it would ever receive ever. Although it's operations aren't centralized to the US. The most of people who show the promise of accepting bitcoin aside from Nigeria is the United States, so to lose a very prominent investor/supporter will definitely dump the price of bitcoin to big degrees.

It's obvious that government can't ban Bitcoin, and it's very clear and understanding that point is very clear that government can only restrict their people not to work with cryptocurrency and it's only situation that this can affects cryptocurrency, so therefore even though a particular country raised against Bitcoin, definitely Bitcoin can never be in control by the government, because it's digital currency which works with it's principle and regulations of increments and decrement without support from anyone.

Getting banned doesn't really matter what marketcap it has, the government can place ban on bitcoin for a stoopid reason, but even if they do place ban on bitcoin, it's never going to affect your bitcoin in your wallet, because the bitcoin is urs and no one can take it from you, also the government placing ban on bitcoin is a big joke, its just like locking a gate that has no fence  :D, the citizens will still make use of bitcoin no matter how tight the restriction is in their country.

With the growth and demand of people about Bitcoin is increasing. Especially investment funds, businesses, large organizations have been investing in Bitcoin. If the government now wants to ban Bitcoin. That is really difficult. If they want to ban bitcoin maybe they should decide a few years ago.

I have heard this news for a long time now it is proven that the government cannot prohibit bitcoin, the price of bitcoin is getting more expensive, in 2018 bitcoin is cheap, the government is unable to prohibit it, especially now that bitcoin is increasingly in demand by the rich for investment so there is no gap to ban bitcoin.

When it comes to banning bitcoin, the government can do that, without minding any of the things you have said. Yup, I have seen countries where there are politicians that are investing in Bitcoin but still yet their government banned it. The question should be whether the government banning bitcoin will be able to stop people from being used? The answer to that question is going to be a NO; even if the government decides to ban despite everything you have mentioned, it still won’t stop people from making use of bitcoin, that’s the power of decentralization.

If Bitcoin was centralized, then they will be able to take it down, and I believe they would have done that when it was starting newly. I believe the reason why they didn’t push too hard was because they knew they can’t stop it from being used since it can still be used peer to peer.

There is a good probability Bitcoin could be outlawed, similar to when the U.S. government made it illegal for individuals to own gold (the Gold Reserve Act of 1934).
This is why Bitcoin NFT might be a good idea:
https://bitcoinnft.org

the issue of government restrictions on crypto has already blown, I think the ban is just an issue and will remain an issue forever, the proof is that if us ban bitcoin, of course they have done it many years ago, but the proof is that they let bitcoin continue to grow and will continue to be supported by big company, if the government wants to ban bitcoin, now I am sure it will be very difficult, because it is too late ...

We all also know that bitcoin is quite controversial, even though it has many benefits that are increasingly understood by many people, bitcoin can also be used freely on the black market or other illegal activities, which is why many governments place restrictions on the use of bitcoin. I think that limitation is also a form of economic sovereignty, where the government regulates the currency in effect in the country.

We should not argue about this anymore, as long as we can use and utilize it, according to the rules set by the government, then everything will be fine. even if there is a ban, there is still a "way" ::)

Exactly. Bans won't have a direct effect over your Bitcoin holdings whatsoever. As long as you control the private keys, you control the coins. It would've been another story if you had Bitcoin on a centralized wallet or exchange. Governments could simply confiscate your coins or even take down the service altogether with ease. That's not possible with non-custodial wallets and decentralized exchanges. While a government ban will reduce mainstream adoption of Bitcoin and other cryptocurrencies, the underlying Blockchain network will remain "untouched". People will be able to get access to the decentralized economy via other means which don't involve a middleman or third party. As long as crypto remains decentralized, there should be nothing to worry about.

Nonetheless, I doubt most countries would want to ban Bitcoin. They would be missing a huge opportunity to profit from taxes if they'd "banned" people from using it. As long as it's easy to collect taxes from Bitcoin and other cryptocurrencies, governments will give the "green light" for the growth of the industry in general. India has realized this and it shouldn't be long enough before both China and Russia join the game. Just my opinion :)

Turkey did it.
The Turkish Central Bank has banned the use of Bitcoin and other cryptocurrencies to pay for goods and services. The news came as a thunderbolt to 80 million Turks who have long found cryptocurrencies a solid refuge from the huge loss of purchasing power of the national currency, the Turkish lira (TRY).
The news is not completely unexpected: it's long been rumoured that Bitcoin was about to be squeezed, even though there's been a soar in its popularity, in conjunction with a not exactly brilliant domestic monetary situation.
Good luck Turkey, Turkish bitcoiners will hodl anyway.

As soon as the major financial centers of the world agree on a common policy regarding bitcoin and alternative cryptocurrencies, we will see how quickly its value will soar even higher. Legalization is already underway in a number of developed countries, developing countries are also not lagging behind this process. Those governments that will ignore this process will be left behind the train that rushes into the future swiftly and with no alternative. It's a matter of competition, like the once-sound monetary policy with conventional currencies.

It is a hope that the major financial centers of the world will agree on a common policy  :D. The market has soared to a level that we should expect some kind of regulation in the near future and i am sure everyone is expected and curious to know what kind of taxation they will be implementing.

The cryptocurrency market will be well and good without the government intervention, just let the market thrive and even if they want to come up with regulation it should be to weed out the scammers and not the restrict the investors in any way shape or form.

You know that not all countries in the world are crypto-friendly. In the meantime, various countries have tried to prevent their people from using cryptocurrency but have failed miserably. The Chinese government has repeatedly banned Bitcoin mining and tried to centralize Bitcoin but to no avail. The Indian government intervened in the use of Bitcoin in their country but they were unable to stop people from using Bitcoin. A few days ago, the Nigerian government confiscated the bank accounts of Bitcoin users in their country, but the government's decision was thumbed down, and Bitcoin has been the first premium value transaction in their country.

You need to understand that the government can do nothing about bitcoin, if they could do something about it, this could have been done long time ago. It's the evil banking sector and the capitalist trying to inspire the government against bitcoin, it's public knowledge that it's already a lost battle. This technology is bigger than any government combined.

Do not underestimate the capabilities of states. We can be convinced of this even on the example of the SEC lawsuit against Ripple Labs, which is currently under consideration. As soon as the lawsuit was filed last December, the price of ripple immediately fell several times, after which the US cryptocurrency exchanges suspended the listing of ripple on exchanges. One can imagine what will happen if states at the G20 level decide to ban the circulation of cryptocurrencies, and then many states duplicate this decision at the national level with the establishment of criminal liability for such a violation. In fact, all cryptocurrency exchanges and exchangers will stop working, and the cryptocurrency will be driven into the shadows, only a few enthusiasts will be able to make transactions with each other, and by that time the price of the cryptocurrency will fall to the depreciation level, since there will no longer be sufficient demand for it.
Therefore, it is better for cryptocurrency not to conflict with states.

I agree that we should not underestimate the government, even if it fails to control Bitcoin, but it is not a good thing to have problems with
the government. As you said, when XRP had problems with the SEC, XRP prices had fallen quite deep and were left behind by many of its investors.
Even though XRP was surprisingly back on its feet, it was best to avoid conflict with the government. I want the government to be more open
to cryptocurrency, because if the government can legalize cryptocurrency in my opinion the world economy can be better. But unfortunately there are
still countries that do reject and prohibit their citizens from using Bitcoin, although I believe the citizens still have a way to keep using Bitcoin,
it would be great if all countries could accept Bitcoin. I believe it can happen, we just need to be patient until it becomes a reality.

Exactly. Each country has its own set of rules from which citizens have to abide. Not every government finds crypto to be attractive. Some consider it to be a threat to their monetary system. It's why countries like China, India, and Russia prohibited the use of Bitcoin and other cryptocurrencies. But they've ultimately failed, because of the decentralized and censorship-resistant nature of crypto/Blockchain tech. The more governments try to destroy Bitcoin, the stronger it gets in the mainstream world. Sooner or later, governments will realize that "banning" crypto is a waste of time. Either they join the crypto/Blockchain bandwagon, or be left behind in the dust.

Nonetheless, nothing in this world lasts forever. Everything will depend on how long people are willing to support Bitcoin and other cryptocurrencies on the market. If governments start banning crypto, then the growth of the industry will stifle. This means a reduced user base, since most people will be afraid to use something that's illegal in the first place. We're going to have to see whenever CBDCs will reduce demand for crypto, or all the other way around. Just my opinion :)

Despite all this controversy, bitcoin is a very effective alternative to dealing with shortcomings in transactions using conventional currency. besides that bitcoin is very multifunctional, can be a trading commodity and an investment tool, it can also be used as an alternative payment even though it is not yet fully.
the development of technology makes us have to continue to evolve, however, all things inevitably have positive and negative sides. use this opportunity as best as possible to maximize profits.

I would say, because I still believe that bitcoin is in it's early stage things like this is bound to happen because people are resistant to new innovations and since it even has everything to do with the financial aspects of every Government, we could continue to see this resistance and ban on crypto but I believe there will be some form of more acceptance even by this government years down the line once they fully understand that Bitcoin or cryptocurrencie is part 9f the system now.

maybe the US applies the rules of bitcoin not to legalize or illegal, but the US government provides more rules where bitcoin in the US must run according to the rules and directives of the government. it is natural, because each country has its own rules for what is in the country

yes maybe when it is still below $100 and only a few people know bitcoin but now I think its impossible at this stage big player already own bitcoin they wont let it, but gov still can make money from it like applying tax or whatever

if the government does not participate in implementing and providing rules, it will certainly be chaotic, it could be that BTC is used in fraudulent crimes, so it is only natural for the government to supervise and implement the

With the current value that is high enough, as you say, it is true that the government can naturally take advantage of the tax generated from each transaction. Obviously this is very profitable for the tax generated, which is certainly not small because every day the resulting transactions are quite large. but in the end it returned to the government itself, whether to do that or other actions.

no one get access bitcoin that's why Government ban crypto

In my country Nigeria, the federal government made a ban on the trading of any crypto market businesses, even to the extent of seizing bank account that have prior transaction details. But this hasn't stop people from investing and trading because there are different ways to this trading medium.

It's always possible as there are p2p trading platforms, one can trade their bitcoin to fiat vice versa without the government knowing it, they have started with exchanges and soon maybe they look on how to detect anyone doing p2p trading, but it's gonna be a tough job for them.

What they are doing is they are taking our freedom to own bitcoin, as a bitcoin enthusiast, we should not allow that wherever we live.

The US government is very firm and strict in the tax and income sector, they do not prohibit too much crypto activities but they demand transparency and contribute to society and the development of the nation, rules that they create need exchanges and participants have to comply correctly, otherwise they will punish mistakes. Other countries have relatively few regulations, they simply cite statements and threats from banks and people in power but these are also appearances and external factors, without inner strength

Fortunately most countries government has gotten to see the help and usefulness of per taking in crypto activities, most big investors has only developed interest in crypto and some of this big guys who invest in crypto occupies a space in the government, which simply means most government are already in support of crypto. Currently now the chances of crypto being banned is less and even if some countries are not in support of crypto or will ban crypto  some day it won't have much effect on the crypto space because crypto has been embraced by many big countries.

It is very popular all over the world, the government will not be able to do any huge affected by banning.
Despite strict laws by central bank, the government has not been able to stop its use for people’s. its control is beyond the government power. most countries do not adopt yet.

Yes, this sounds reasonable.

I'm from India, where the government is planning to outright ban all the cryptocurrencies. It would be an interesting move, but something that is facing a lot of resistance. Further, the government seems to be moving towards the ban with a completely misconceived notion that crypto is meant only for illegal activities. Of course there is a need for the government to have a dialogue with all the stakeholders in crypto industry before they pass any laws.

If the people of a country use Bitcoin for various criminal and anti-economic activities, then the government of that country is under pressure to ban Bitcoin.  But another important point is that if a country's bank fails to control Bitcoin, the government is forced to ban Bitcoin.

The problem in India is that they don't want freelancers to receive their income in the form of cryptocurrency from abroad. There are so many taxes and other formalities on running ITES services in India and almost 80% of the payment gets eaten up by taxes and duties. Now the freelancers don't need to pay any of these taxes and that is the reason why the government is not comfortable with the idea. According to the government regulations, Indian individuals are prohibited from directly working for foreign employers, unless they have the license for the same.

In my opinion the government will not be able to ban bitcoin because whether you want it or not the government is forced to accept it because bitcoin can provide enormous benefits for investors, besides that the current popularity of bitcoin is very much around the world, so it is not easy for the government to ban crypto.

My prediction is that the government will not be able to ban crypto, because what we know now crypto can be a valuable asset for some people, especially in the US. I feel that the government is only able to provide rules about crypto including the use of crypto, crypto trading and other things related to crypto in each country. because basically crypto has no headquarters and the government cannot stop or ban crypto

Governments will try to find a way to stop people from using Bitcoin at all costs even if they have to strip away your freedom in the long run. It's all about power, as governments don't want to lose control over people's lives. The fact that Bitcoin is decentralized and outside the reach of third parties, makes governments and central banks furious.

Ultimately, a ban will be only effective against centralized exchanges. But smart people will exchange their Bitcoin using a decentralized exchange or doing a P2P trade. The latter option is completely anonymous since the trade happens in an "off-chain" manner. This will make governments' life impossible, leading them with no choice but to join the game or be left behind in the dust. As long as governments are able to tax crypto properly, the industry will have the "green light" for non-stop growth in the mainstream world. Just my opinion :)

It's us people who are fighting for crypto, and we people are the ones who elected the president in a country, so they must serve the interest of the people through his government. Banning Bitcoin is not good, it could be a violation of our rights, instead, they will just have to regulate it to minimize the risk as we know that bitcoin is a high-risk asset, and with regulation, proper education will come easily as people will be confident in using bitcoin.

Bitcoin is a resource and medium of exchnage at same time.Also numerous advantageous characteristics of Bitcoin the most is decentralized So government can't fair boycott bitcoin since they are not the ones in control. The government can as it were boycott something they control over such as fiat cash or something like that. Bitcoin may be a peer-to-peer advanced cash that's quick, secure, and decentralized.But if governement legalize the Bitcoin it will help the economy and maximize the revenue from the transactions of Bitcoin.

Recently Many countries governments want to ban cryptocurrencies but they can't able to ban this because it already be a decentralized plafrorm which already spreaded over the world wide and among the people.

It should not ban, because now a days people earning has become very low

Bitcoin can't be controlled, can't be destroyed. So the Government placing a ban on Bitcoin and other Crytocurrency won't stop people from buying and selling it. Many countries are banning Bitcoin, pushing it citizen into P2P trading. Trying to make Bitcoin difficult for traders. I don't understand what the Government do achieve from prohibiting Bitcoin, but one thing i know and understand is that, Bitcoin cant be stoped.

Banning cryptocurrencies in different countries a common feature in cryptocurrencies market. But I think it's a waste of time and effort because any government can't control bitcoin and stop the transactions of Bitcoin any more.

I don't think countries will still consider banning Bitcoin from now on. Because it seems like they've started adopting the opinion which is making regulations for cryptocurrencies. Many countries have already made a regulation and started imposing a tax on the cryptocurrency earnings.

I am grateful that in the country where I live, there are no strict limits on bitcoin or crypto and it is only allowed as an investment or asset and is not allowed to be used as a transaction tool.
and indeed in my opinion bitcoin or crypto cannot be eliminated or destroyed unless there is no internet network in a country, and even though in the country where I live, bitcoin or other crypto is prohibited from being used as a transaction tool, the most important thing for me is that I can still use it and change it to be fiat.

I think the government can only ban bitcoin adopters in their country but they can't stop bitcoin because bitcoin is a virtual currency that runs on its own with the internet network, so this is of course impossible for the government because the only way that can stop the circulation of bitcoin they have to close the entire internet network in every country.

If we would take into consideration the fact that bitcoin is mostly used by billionaires/elites and criminals in the black market, we can already see that the chances of having it banned ties up in the middle. Regardless of being in between being banned and being not banned, most of the billionaires or elites have hidden relation in the government. This ties might lead to an agreement or connection wherein as billionaires feeds on crypto, the government might secretly gain some of it too. As for the black market transactions, hackers are all over that place and it is surely well-secured from being invaded by the government so they are clearly out of it already.

Of course, they can't control people's action outside their jurisdiction, even on their own country, there are still people who will still use bitcoin/crypto regardless the acceptance/law against crypto of the government.

Some of them, but some greedy Government that still dont understand and dont want to understand cryptocurrencies will still go ahead and place Ban on crypto  trading because they dont have full control on it and cannot monitor crypto. other than this, i dont see a reason why they should ban it.