Bitcoin Forum

It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?

I will not say that it is impossible but the government will never do this as far as I believe. I guess the time for government to ban BTC is over, right now the government's might be thinking of how to legalise bitcoin so that government could get it's share in the bitcoin. Or they might be thinking on to add the bitcoin share in the GDP.
Honestly government has many things to do, they could have ban bitcoin only when it was used for criminal activities.

I am not worried if the government forbids to transact using bitcoin, because the possibility is very small done. The government in my country only states that bitcoin is not a valid tool for tuna, and I keep bitcoin perceptions will continue to grow from year to year

It isn't a problem if governmenf will forbid transactions like that of bitcoin, the important is you can convert from current exchanges to fiat currency in order to purchase goods that you wanted.  As long as you prefer good profit from bitcoin value, well you can easily exchange your bitcoin to cash money for your daily needs or whatsoever needed to spend for your money. Of course that idea of keeling bitcoins will be the most profitable aspects of an investment for future benefits for you and your family.

Far from  happening though it's possible. Governments won't do such a thing and i think bitcoin and cryptocurrencies are far from their radar right now. Of course governments are aware that this is going on and that crypto is getting stronger following but sniffing their noses to it probably is the farthest they'd do. For now that is.

The total market cap of all cryptocurrencies will need to double, not double, it would need to become 100 times bigger than it is now (160 billion USD). Right now we are still some geeks and we don't bother them too much. Big fish are still operating in an old fashion way, with classic money loundering, using tax havens and so on. Government need to fix then first.

But even if that happens, they will just tax all crypto -> fiat transactions but I don't believe they will try to ban cryptocurrencies alltogether.
However if that somehow happens in just two major countries like the USA and China or South Korea, this would have devastating impact on bitcoin.

As the growth of bitcoin is happening with more governments giving legal acceptance. In future too, there won't be big issues happening with governments making opposition against bitcoin. As the spreading happens through word of mouth surely the stabilized growth will happen.

Dude, "government" usually it's not one person, it's a lot of people, someone cannot simple push a ban on stuff and everyone goes with it, many people involved in "government" also have bitcoin and other crypto, they ain't gonna ban it.

There are many shitty countries where laws are like you said, the guy wakes up one day and simply ban stuff, but I think people there have more concerning issues than bitcoin.

The regulatory environment will play a big role on how the cryptocurrencies/assets evolve in the long term. The industry started attracting some regulatory interests in 2014 but still not extreme attention as it was a relatively small market with basically no risk for the general economy.

We now sit at 150bn market cap, I would say that the risk for general economy is still fairly contained, maybe a lot of people get deceived and lose money, others make money, but nothing too concerning from a government point of view.

But now let's say in 1 year we are at 1 trillion, and growing. Fortunes being made, fortunes being lost due to hacks&scams, at some point the government will start to have strong regulations about it and wanting to control these money flows.

Tech developments like the Lighting Network also make it possible to monitor/control btc transactions differently than up to now, will some governments somewhere only allow transactions that meet some requirements? I could imagine this happening at some point, hidden behind a "terrorist protection act" of some sort.

Well for me, i think it would be better for a government to regulate it than ban it. Cause there are a lot of opportunities here, if they ban it, people would tend to find ways just to acquire btc if possible. Because btc is concidered a gold also. And not easy to ban those kinds of gold, the government eventually would have to make ammends to that law so that at least control its productivity.

The thing you are thinking here is really possible government can really do such thing but later on they would realize that banning them wont be senseless because they cant still able to stop bitcoins adoption or being used by people of the world since its a decentralized and anonymous thing which as long we do have internet connection we would really able to make use of it no matter how they would ban those services.

Yeap, that is more visible; that as the awareness grows, people get involved in it, transaction done with it either mandatorily or by choice. A chain on it would evolve. Yes

With the continued growth of bitcoins and increased adoption.
The government wouldn't be a problem for Bitcoin in the future, I don't foresee the government banning its usage though anything can happen.

this is very annoying the government has indirectly anticipated the use of bitcoin governments in my country have argued about raising income tax on the internet Indirectly has carried out the persecution of the people who do business on the internet including bitcoin

Never, the government does not accept the use of bitcoin. This alternative economy which is not needed by the government. Any talk of legalization is only an attempt to establish control over the users of bitcoin and the opportunity to take the sales tax cryptocurrencies.

The government forbids bitcoin, because bitcoin is not a valid thing in the rupiah exchange, but I do not worry .. because I am sure, bitcoin will grow rapidly from year to year.

Whatever comes out of box, it will be facing many issues at different levels. We are well aware that bitcoin is spreading over the world so fast that it would be international currency in coming decade I suppose. So what you think government will be seeing the joker show? No they must try to make it centralized or anything to it.

And could a government start to ban Bitcoin? It could monitor/control any service such as an exchange, a web wallet, any thing used as a middleman. But as long you are using Bitcoin with a software wallet, how could the government track you? They can not monitor your computer/smartphone to see what you download and what you do with it... Ok true that they can see what you download (with the help of ISP etc) For example in my country, downloading an illegal movie is forbidden and they do track this, many of citizens receive warnings (after 3 they shut down your internet connection lol) So in the case the government can see you downloaded a Bitcoin client, does it mean you used Bitcoin? Nope. It would need to see the activity you do with your wallet, and to be able to do this it would need to "hijack" your computer.
It could be done with a partnership with Microsoft for example. But for the sake of our privacy, this will lead to a drama. And in case it happens, the majority of  GNU/Linux will refuse

It's not impossible, but I suspect the government will be far more interested in monetizing bitcoin themselves - in other words, tightening up regulations on exchanges in order to make sure that they're either taxed up-front or reported to the government exactly as securities brokers are required to submit reports to the IRS for tax purposes. In fact, bitcoin has a far better chance of being accepted by governments than some of the other, more anonymous coins like Monero or DeepOnion; as much as I think that DeepOnion is a cool idea, and intend to do whatever I can to help, I think that coins offering total anonymity will face a very tough road gaining acceptance in society because of the possibilities for financial crime. Bitcoin can be tracked with blockchain analytics, which will help it in gaining legitimacy with law & order types.

That being said, Mark Cuban just invested $20m in bitcoin - so if he manages to make Deflector-in-Chief Trump feel ashamed of himself for not beating his own personal Iago, it's reasonably likely that Trump will react like a 3-year-old who's had his favorite toy taken away and try to launch a moral crusade against bitcoin. That's probably more of a danger for bitcoin than any real problems with the bureaucracy integrating it into the current financial systems & tax laws, considering the tax revenue they'd gain by integrating it.

In Russia, it already happened when bitcoins were banned and then this ban was removed. In India it happened with fiat where few high denomination notes were banned and then they issued new notes and hence it can happen anytime. If your Government is strict, laws and rules get applied overnight and hence we need to prepare for anything but then they reconsider it if the users face too many difficulties like Russia did it considering the demand for bitcoins.

It depends upon country to country. Government banning Bitcoin overnight is very much possible, there are many countries which are wary of Bitcoin and see it as a threat. Along with legalization we will definitely see some ban too in future. But if you say Bitcoin will be banned everywhere in the world. Then that's far from possible. Every country has its own opinion regarding Bitcoin. Not all countries work in harmony. There is lot of hate between countries going on. I don't see there will be a complete ban on Bitcoin. Also, countries where Bitcoin is illegal. People are still investing and trading because banning something over Internet is certainly not easy.

It depends on which government you are talking about. I can't see any of the major western governments doing this. However some of the smaller governments may try to do this and somehow try to monetize it.

Once the government realizes it could benefit from it, it will certainly try to get it's fingers into honeypot. How exactly will it be done remains to be seen.

My goverment still forbid bitcoin usage but I'm still able to use bitcoin freely without fear getting jail , hope it will not happen though
I think bitcoin shall being treat as high risk investation rather than being ban , IMO , since bitcoin have more advantage and more benefit for people to do transaction world wide

Many governments have already realized that it can be futile to fight off Bitcoin and they now see that the technology behind Bitcoin can be working to the advantage of the economy and hence there are already many people in power who are supportive of Bitcoin and the businesses rising out of Bitcoin. We are already past that phase of the Bitcoin life where those in power can be doing whatever they can so that they can be able to fend off people from using and trading Bitcoin or any other coin for that matter. Bitcoin is slowly but surely moving according to schedule.

Haha yeah, some pity countries are governed by dictators and only their bitcoins can e banned by a single person. But other countries that operate according to democracy, it is very much difficult there to ban bitcoins since they are providing people with liberty of using their money. Such countries can impose taxes on bitcoins.

The problem with effective Bitcoin is that it should be global, permanent and unanimous to work. If only one country will ban BTC then due to global nature of Bitcoin - it won't be effective.
So far global ban is highly unlikely to happen and move like that will create great social unrest - banning new promising new technology is not something that serious movements will do.
Instead I expect that we will have full 'legalization' and taxation of bitcoin introduced at some point in the future - it is better to gain some profits from it that fight with it.

It is not just dicatorships which take actions like stifling free speech and banning Bitcoin; democracies can do so too. They will just do it under the guise of greater good for the people. Or even if they don't ban Bitcoin, they can impose regulations which suffocate it.

I don't think there will be more to do that will affect bitcoin price than what we have see in the past. Chinese people bank fight exchangers throughout last year and that dawft bitcoin price throughout 2016. Governments see  to wait until bitcoin become  so important before they will attack it again. Fight bitcoin especially the exchangers will course bitcoin to be use underground and from there  governments will try to stop the acceptability of it.

   I expect full legalization, that already started this year. Governments will find a way to tax bitcoin, but like with current currencies
there will be always people who will try to skip paying taxes. I think the same, global banning is unlikely to happen, bitcoin is gaining
popularity not revers.
   It is better to join and gain profit, then waist time on criticizing bitcoin. There are problems, but problems will be solved with some
upgrades. Everything is upgrading as technology going forward.

Government is composed of a lot of powerful people. In which they could prevent the implementation or regulation of law and policies toward the industry of Bitcoin and other cryptocurrencies. The fact is that these people also engage in this industry for their own sake to avoid paying their taxes and also do transactions under the radar. But, the possibilities of Bitcoin being regulated by the Government is there. One person could manipulate it, especially if that person is powerful than the others.

It could happen but I think regulation is more likely than a ban, bitcoin unlike drugs does not damage society in the way those substances do, besides governments like the smell of money more than anything else.

But it will be hard for the government to implement it. Putting yaxes on bitcoiners might not work for it is decentralized unless they will do a system.wherein they can track it. But since btc can be helpful to their citizens they must atleast take into consideration the needs of the people and don't ban it.

Btc and government will always have 2 different path but in worst case scenario in case government will be able to control Bitcoin in a country then they will not ban Btc as long as that BTC users on that country are paying tax in every transaction that will happen to the country.

I think it is counter productive for government to ban bitcoin because it is slowly becoming more useful to more people. The only thing that they should do is regulate its usage to minimize money laundering and proliferation of illegal activities that take advantage of bitcoin’s anonymity. And if they start to regulate it, that means they can also generate taxes from it and the more bitcoin is used, the bigger the taxes it's able to generate to help grow the economy.

I think that in the future more and more governements will accept bitcoin and not ban it. They have started to accept it as a new reality and something that they would like to use for their benefit too. Ban is no longer an option except maybe in some weird countries like Russia or Korea. I even expect from the banks to start offering bitcoin related services to their clients.

Bitcoin is still being used for criminal activities (not at the scale of a couple of years ago) but so is cash. Bitcoin was never intended to be used by criminals but since it was si convenient for criminals they did it anyway.

That's my expectation as well. 2-3 years ago, when US Congressman were openly calling for it to be banned, and governments saw Bitcoin and darknet markets as synonymous, I could have seen a ban happening. Today, coverage is too positive across the globe, and since no country can control it, no government wants to be left behind.

Russian regulators recently said that they want to limit Bitcoin investment to "Qualified Investors" (institutional whales), claiming they are uncomfortable with the level of anonymity it provides. On its face, this may appear to be an effort to discourage the public away from Bitcoin. But I think it's an effort to allow elites a chance to get their dirty fingers in the pie before everyone else does.

I guess the time for government to be banning bitcoin is over, I mean I have been reading before that some countries bans bitcoin but as of today I have reading that more and more countries are now accepting bitcoin and legalizing it. I guess they gave up because they can't really find a way to really prevent users in using bitcoin.

If you're referring to the united states, look up something called "senate bill 1241" which involves crypto currencies/bitcoin.

It contains provisions which would allow the government to seize crypto for no reason with no checks or balances. It contains other controversial content including adjusting the terms gift cards and others associated with bitcoin/crypto are forced to operate.

It is also possible that the united states government uses its influence to protect chinese bitcoin miners having a controlling stake rather than a more decentralized mining base operating internationally. There's a lot that could be said on the topic. I wouldn't view my own post as being particularly informative or a decent overview.

Exactly. This is what I too think. If the government finds out that BTC is going to be profitable for them, then there is no point denying Bitcoin and BTC. It will for sure take some time, but you can expect BTC playing a major role in Country’s economy.

I don’t think so that any Government will take up such steps against Bitcoins. On the other hand, it can happen that Governments of different countries can make it as their National Currency. And this will not be surprising at all for anyone knowing the worth of Bitcoin.

It's quite possible because it's a kind of a loss to the government and the government will do anything In it's power to abandon it from it's people who are using it.  And the people who are committing crimes using bitcoin has caused the government a lot of issues and problems.  So the government does has a legitimate reason for banning bitcoin.

There are so many reasons why bitcoin could be considered as a threat to the government. One of which is its anonymity and the possibility that it might be used as a "storage" for corrupted money or a way for illegal transactions. The government couldn't also put their hands on bitcoin, it is basically tax free. They couldn't profit nor get any benefit on it.

this possibility could happen, but I really hope that the government does not touch bitcoin at all and does not prohibit bitcoin trading. because if the government touched bitcoin and banned bitcoin trade then bitcoin will degenerate and become very cheap.

Every country is different and every laws or decisions must be popular to there citizens for they will be criticized about it. In our country I'm one hundred percent sure that it will not be banned but it will just be regulated. We're opened for new technologies and we are very adaptive country from what is trend every year. Bitcoin is a big helped for us and I don't see reason for it not to be legalized in the near future.

well even if bitcoin got banned in your country for whatever reason even though i don't know how they'll do it lol, you can still use it through vpn

moreover the possibility of you getting caught is low. now if you're worrying about it being banned on every country, thats plainly impossible.

if they want to ban it, they have to ban the internet first. but realistically speaking, bitcoin has some things they should be wary about but i don't

think they'll go that far

Some countries already banned bitcoin, such as Ecuador, Kyrgyzstan, Saudi Arabia, Bangladesh, and Bolivia https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
But, most countries does not have detailed policies of regulating or banning bitcoins, so it's still safe to use bitcoin in many countries.
I don't think bitcoin deserve to be banned, because citizens could get benefits from bitcoin, there are many business utilize cryptocurrencies as medium of exchange and trading object. As long as a country regulate about KYC and AML for bitcoin and exchanges, it will be fine.

Only the Bitcoin will stay in future. Bitcoin will replace the government soon.Surely bitcoin help everyone in their life at any situation. Even to my life.I had recently brought new Micromax Television. But bitcoin takes some decades of year to replace the government and all.

The problem is that governments are not dump and they have already figured it out that bitcoin cannot be controlled by them and no taxes can be applied on it. Thats the reason they are not encouraging people to transits in bitcoins and convert their local currency into bitcoins. If you ask me, i will suggest governments to take both their local currency and bitcoins side by side as there is no way they can deny or stop people from using bitcoins.

Let me list my perception about this.

-Governments will want more interfrence between bitcoin and users.
-Governmetns will try to take the market under control.
-Governmetns will try to tax people tradin and holding bitcoin, let's say 5% btc tax for holding it, each year.

I think the Government's fight against Bitcoin by issuing a ban on it will not happen, if it is, it is very unlikely. Today, Countries now have more positive views about Bitcoin, some countries have adopted the legalization of Bitcoin as an official currency, opening up to welcome it to innovate more economically. I think the benefits of Bitcoin, especially its blockchain-based trading capabilities, have made it increasingly trusted by many governments and nations around the world. There will be more countries open with Bitcoin, I believe so

This thing is already sarted but one of the advantages of bitcoin is that it can't be controlled by government. The only thing they can do is ban using bitcoins (but that will not be affective) or ban mining (that will only hurt people but won't be harmfull for the whole blockchain).

Bitcoin and government? I don't think this two can be in one sentence, if it is in my country. Having a government like ours, I think the first thing they will do is to put tax on it. I am not against to my country's government but it still a baby country and I think they will do all odds just to make them grow.

If it ever happens, i don't how are they going to do it since there is really no one who can rule over what is really going on in the internet.

You are so right. Government only takes action or interest in that thing which ultimately by bolts and buts energizes the economy of their own accounts rather that of state. Bitcoins could not be under their rule and they control them, how would you think they will appreciate bitcoins? No, they will never do so.

Most government, after knowing the above fact has place lots of transfer fee in converting bitcoins to local currency. They cant tax bitcoin directly but whoever convert it in local currecny he / she is bound to pay high fees and this is not good really.

The government need to take a serious thought before deciding to banned bitcoin, because bitcoin is helping the people to have a better life, and without being realized bitcoin can decrease the number of unemployment, so bitcoin is helping the country

I don’t  really think the government will have anything to do with bitcoin, even if they do later,  it will be about investing. Some world governments are recognizing bitcoin and are starting to invest into it,  because they believe it will help boost their economy.

It is hard decision that governments may be against bitcoin. Because governments have lots of economical benefits thanks to bitcoin. If they see bitcoin
 as illegal money, they will lose their high economy. Think about big money men, bitcoin makes their illegal money to legal. Therefore bitcoin is a big chance to develope and be the richest one.

I must say that the economic condition of the country in which there are people who are investing in bitcoin is far better than any other country who is not having any investor who invests in bitcoin. Bitcoin is no doubt very much capable of making the economic condition of almost most of the countries apart from that of making the economic condition of the people better.

In what i see in our country it was not possible that government would have interest in bitcoin as a matter of fact government officials were busy resolving their personal issues,problems of terror attacks, illegal drugs and corruptions and bitcoin here is not that popular,most people do not understand its functions,for me i don't have to worry for now that bitcoin will be banned or put a law through our exchangers or traders because fiat curreny is still valuable here and only few of us knows about it and if it happened maybe it takes alot of time,in the future.

The future of bitcoin lies within the hand of people not the government, unless the latter gets its share. As a matter of fact, the government is aware of the bitcoin and if it sees it as a threat, either it bans it or regulates it like what some countries did.

Added to that statement, it is possible for it to intervenes with bitcoin to prevent a fatal crisis. Honestly, I do not like the intervention of the government.

Learn why Bitcoin was created. It can not be controlled, therefore the government will not be favorable. Bitcoin has started a new era of money and is considered a kind of economic experiment.

The central banks they benefit from retaining power. Look at countries such as Afghanistan, Iraq and Libya. Before the war it was reasonable when it comes to the money market. But after the war and that America has interfered with it, central banks have been introduced. The whole world revolves around the power of money. So the central banks benefit from the money and the people, they do it through debt. And so the citizens of the countries are the slaves of the central bank. That's why Bitcoin is so important. A limited amount of what can be spent. No owner and everyone is his own bank.

I truly did not understand what you are telling here,what economic benefit does the government have because of bitcoin other than the minor tax they are supposed to get if they legalize bitcoin ,bitcoin making illegal money to legal  ::) i am not sure from which country you are coming,if someone does that ,he should land in jail and for this only reason any government could ban the trade and running of exchanges in a country and you think that due to these the government will support,that weired thinking.Any government could come up with any decisions but as a user we will find ways to trade it as it is not centered around any one nation.

Yeah, goverments will ban things that they can't control, put it in the prohibited sessions .

I think the government has only the authority to ban the use of bitcoin as the legitimate exchange rate in that country, it will not be more than that

Many governments have already banned the use of bitcoins. Do you see any response from the bitcoin community? I do not see. Even without a complete government ban users cannot develop trade with bitcoins because of the very high fee for the transaction. What will happen if now to the prohibitions of the governments will join the bankers? They have a direct interest in the destruction of bitcoin.

My opinion about this one:

They have already started taking the actions in different countries. I believe that maxima for this incidence will reach to all new heights soon. Many countries already fell into this and people got screwed with the investments. So we need second alternative surely.


Getting real experience from the people who are in the country where the bans have occurred recently. Its really fearing thing that our funds might get ceased into different exchangers and we may not get them back. So most probably bad things will happen only.

For the sake of governments own safety it won't be difficult for them before they can ban from the whole world. Im seeing the storm but somehow big investors might be stopping or trying their best to stop the bad accusation. Otherwise it would have been already stopped.

I think that it's possible for the government to come up to such law that will forbid bitcoin. But, I believe they won't do it because they themselves can earn a lot from bitcoin if they'd use the law to it.

as applied in my country for now is to impose a ban on the form of transactions or the sale of any type of goods by using the method of payment with bitcoin on the grounds in my country there is an official money intended to transact. but in my country there is no prohibition to invest with bitcoin so for me this is not really a problem because my goal on bitcoin is to make an investment within a certain period of time. and if I want to do a sale and purchase transactions of course I do is first to exchange for bitcoin that I have to be converted into USD or official money in my country.

How MANY? It is the ICO that has been banned in SOME of the countries around the world like South Korea. China have implemented the ban of cryptocurrency but not specifically Bitcoin. Governments are regulating the use of bitcoin and cryotocurrencies. Since the goverment cannot control the flow of bitcoin being decentralized they will make ways on how to stop or have a control over bitcoins or cryptocurrencies. It's sad how some people in the government use bitcoin for their own interest.

That could happen because the government has the power of access to be able to do things. Bitcoin had previously been a problem because some countries have banned the use of bitcoin. So it is very possible that the government can take a favorable decision for their country.

The government is doing all this already,you don't need to think that it's something that's related to future ..
Rather one should remember that... Whatever anyone does the market can always fluorish without their support.

But one thing for sure have changed over these years and that is... The government is getting scared 'scared of the cryptocurrency system Because they are not being able to control this money , it's decentralized and something that they fear.

They have more advantages for bitcoins if they are banned, yes you are right. These governments already know what are the goods and bad of this bitcoins, knowing all these facts still they are behaving like dumb who knows nothing. They need to understand the importance of bitcoins and their legality so that every person can use them worldwide and they can be benefited.

Because, government cannot do anything about bitcoin like they cannot stop people holding bitcoin nor stop people from mining bitcoin. As these are all coming under people's basic rights.

All they can do is, may regulate bitcoin trading against fiats. Like they can impose new regulations against exchanges. That is already happening in many countries but we can see that is not at all impacting the growth of bitcoin in long term. When some regulations are coming in, people first get scared but after that they get practice to that and within that regulations they are finding new ways to adopt and to become a successful bitcoiner.

Sadly, there is no guarantee that such a thing can't happen. In some countries, bitcoin doesn't pose a threath. Also ,it doesn't harm the economy. At least, not yet.
But, for other  countries that are facing problems, it is indeed a threat. Some transactions need to be tracked, for people 's safety purposes. For example, imagine that an assasination happened. The government caught the hitman and the money he got from the opetation. They want to track it. If it is in bitcoin, they can't. In that case , they will just prohibit it.

What i want to say , nothing is certain, because its happening , depends on too many variables.

I was going through the answers and found yours, seems to be very solid reason but limited to each countries rules and regulation or the government itself. As far as I know these changes can never take place suddenly int he asian countries like India, Bangladesh,etc. Their government is strict but at the same time *corrupted too. They might just take lot of time before they could even make any amendments within those countries. It is said that politicians over there are using bitcoin for the money laundering purposes and thats why the bitcoin is still running over there without any hassles.

So you see this is really matter of each country. Where one may accept the bitcoin openly (like Japan, Switzerland) or they may not and make it strict for example, USA.

*No offence. Information obtained form the local news paper.

Bitcoin, as well as the cryptocurrencies market, is facing a risk of being banned from trading by governments. But I find the government's ban on electronic money is because they feel they can not control the money, fearing it will affect the economy as well as the finances. And now governments in some countries instead of banned Bitcoins and cryptos, are looking for ways to control the cryptos,  they recognize that the cryptocurrencies market will be the future of the currency in the next 30 years.

Some countries already banned cryptocurrencies, just like in china. In September last year,  ICOs were banned in china, and to suspend crypto to fiat currency order-book trading services. Recently about 2 weeks ago, Chinese government also wanted to apply more strict regulation on cyptocurrency trading-related activities and services. Korea is also planning to ban crypto exchanges but its not yet final. All those banning are already happening. Hoping that other countries wont do the same and still look on the benefinits that cryptos can give us.

bitcoin to control or not possible, or very hard, it is better to live in a country where the crypto-currencies are legal

Its too early to tell. Governments around the world don't have the same stand when it comes to crypto, with japan leading those that seem to accept bitcoin with open arms, and those like china who seems too uneasy about an anonymous currency. For me, in the long run crypto will be regulated by certain countries and eventually be accepted with certain laws and restrictions

For sure, this matter of bitcoin legalization and illegalization throughout the world is not a small thing. It is moreover dependent on various factors such as the government system of the state, economy, crime rate, demographic variations etc. so it is not easy for the state to take nay solid step in short time. Here I will appreciate those countries that have declared bitcoin legal because they are step ahead from others in understanding the need of this action.

Legalization of a crypto currency is not an easy thing to do for any of the government as they are well aware of this fact that all the crypto currencies are decentralized in nature and even if they declare it as legal currency, there will be no control of the government on any of the crypto coin.

It will take some time for the government to realize the need and importance of bitcoin, only then they will take such kind of step.

Yes the government able to banned all the things regarding to crypto currencies and there are nothing we can do about it, we only can secretly using or saving crypto, and there is possibility that the government will take that action, if the government feel cant control the crypto anymore then the government will take the easiest action which is banning crypto completely

Some country already do that and government on every country has power to do it (banned cryptocurrency). Time will tell.

To break the camel’s back, I think that a country needs to sponsore and let cryptocurrency work its way on its economy and financial status. Once it has fully integrated and a lot of companies take notice major investments would be made and governments would soon take notice of what is there for the future on them if they would behold bitcoin into a whole other level into which they finally accept bitcoin as a currency

In my country bitcoin is legal upto now.So I was very happy about it.Bitcoin is the future currency .The country which makes bitcoin has a legal are the early adopters of bitcoin.The people of their country will have huge bitcoin in their wallet.Government making bitcoin as a legal because they got fear bitcoin will replace their currency.

Bitcoin legalization is a healthy activity for those who are involved in making money form crypto coins and crypto market. The thing is that don’t go for everything that attracts you in the crypto market, follow the facts and figures instead of your instincts. As far as legalization is concerned, I don’t think so it should be a big issue for the state. Government can carry out referendum for the legalization of bitcoin.

In fact, some countries and bitcoin had already surpassed all that. Let's not forget about China's decision to ban cryptos and the price of bitcoin goes down as the effect took place but bitcoin remains unfazed and even come back strong.

they can do it but they wont do it. in my opinion, the gov looks this tech is what they need in the many future ahead. which everything needs an upgrade and its more efficient to use. but if they do get law against btc, it means that they fail to get profit from it. any gov is just trying to set up how to getting profit from it in a long period time. if all country have their own crypto signature and yet its can be use anywhere in the world its actually more profitable to everyone if they looking deep into it. PROFIT all the time, anytime, anywhere, and everyone.

I am not worried about that, the government just wants to make this bitcoin regulation because this transaction is very risky, not forbid bitcoin.

Always keep in mind that bitcoin is a decentralized currency and only the users who hold it have the control on it that what to do with their bitcoins. So no matter what the others decide for bitcoin you can do what you want with bitcoin. Actually I am trying to explain that no one have to worry about the price because the price of it will be that for which you will sell it. If you will not sell panic then it will remain safe.

I think that in the next few years most governments will accept bitcoin in payments because of its great advantages that currencies and other traditional forms of payment can not do. Some countries are studying their own crypto for national economic growth, notably Venezuela, which has developed its own Petro coin.

I foresee brighter future for Bitcoin where Government shall be having a kind of support with few back up regulation just to safe guide their user citizens in their operation, and not in Bitcoin control since the Government themselves shall be expecting quantum of returns from their Cryptos Investment then.

The main object for the legalization is to control the flow of money going out of the country and to monitor the amount of money earned as capital gains so that they can tax those profits.If a government could control the exchanges running in their countries it is more than enough to control the system,there are other options to trade even with a ban,but the general idea of reaching it to everyone will be a hurdle.

Goverment could even close every transfer in crypto in their country so it depends where you life or you are going.
PS. In my country we are still waiting for answer about "crypto law" so now almost everything is legal.

I think BTC will not stop. Because Bitcoin is not bad. It can benefit from the government.As bitcoin launched in 2009, most early adopters saw its disruptive potential. While bitcoin has stalled for some time approaching a valid use of the term “stagnation”, cryptocurrency in a larger context is still just as disruptive. In 2011, I stated that bitcoin (cryptocurrency) will do to banks what e-mail did to the postal services. This is not just true, but it will be even more brutal to governments, and by extension, governmental services.

No government could stop bitcoin. Bitcoin don't have intention to scam or to destroy a government instead bitcoin could help a govwrnment to reduce poverty.

Will there are some countries that banned bitcoin because they don't know what bitcoin could do.

The governments across the world are now recognizing bitcoin and they have now understand the fact that they can't stop its usage or hinder its growth so now they are planning to involve it in their economy so that they can also get benefits from it by means of increasing GDP of their country and making tax provisions so as to get tax from investors.The time to make law against it has over but they are trying to stop illicit activities by usage of bitcoin in which many people are in their favour. So its time for btc and government not to be against each other.

Your presumption is possible but this will happen only in some countries that has a government who are  not willing to support bitcoin and make it legal instead declared it as illegal. This will happen because some government are corrupt and want always to benefit only for themselves. I think their decision to oppose bitcoin is just because they are paid by banks that are afraid to lose their investors and shift to bitcoin.

I do not worry too much about banning, while it only prohibits bitcoin as a legitimate payment tool, as long as it is not prohibited to own and invest in bitcoins. For future problems the government should think about the legality of bitcoin and take into account all aspects, its negative to positive impact, in order to have a place for bitcoin in every country.

Correct if the government take control on all exchanges in their country they will get full details of crypto users because all exchanges will collect KYC from us so it is easy for them to track our records. apart from this, we can do trade with local buyers but this is not advisable because not safety.

If this is will happen then our time for earning money will be dead. We will not have earnings through bitcoin anymore.
Some countries banned bitcoin already and if it happens to the whole world altcoins will be dead also.
So we should maximize the usage of bitcoin right now and as long as bitcoin is there.

Outright ban would be completely stupid because they not only don't get to tax whatever Bitcoins would get reported but you also push the economy underground and stop no trading. Everything would become p2p and would just avoid exchanges completely. The only way to stop Bitcoin is to stop the internet, and yeah good luck with that!

In the future, what will happen will be more monitoring and regulations. I think governments are now understanding that crypto and blockchain have come to stay so they should just regulate it and make it safe for their citizens. So in the next few years I won't be suprised to see more regulations

the average of developing countries that most denied the existence of Bitcoin
lack of understanding and the increasing number of people who suffered losses from Bitcoin make the government prohibit the use of Bitcoin as a means of payment
in the future existence of cryptocurrency will surely be recognized..

I really don't see how they will go about banning it?
I believe the governments hate it, because they can't control us if we all used Bitcoin they can't control us.
They will have to allow so they can get a slice of the pie somehow, Bitcoin is the best thing to happen since the internet.
I hope it succeeds and we are no longer slaves to the government.