Bitcoin Forum

Many people have been talking about a full government ban towards Bitcoin. Some said that Bitcoin could be banned the same way Gold was banned a couple of years ago. This is to prevent people from using Bitcoin and other cryptocurrencies on top of Fiat. After all, governments want to control people's money. Something that's decentralized and outside the reach of the government, should be banned from the face of the Earth (according to governments' mindset).

What do you think? Will governments (especially the US government) ban Bitcoin like they did with Gold? Or is it too late to do something about it? Will Bitcoin survive if all governments unanimously agree to ban its usage worldwide? Your input will be greatly appreciated. Thank you very much. :)

So that's like banning certain Base58 strings? Or banning the use of certain words? Good luck with that!

If they could ban Bitcoin, I think they would have done it by now. If my government bans my investment on which I've been paying taxes, I expect full compensation for my damages.

I think it's worse than that. I think the whole world, the United Nations, G7 etc will do something to clamp down on Bitcoin because of electricity use and climate fears.

I'm a long term hodler, but I've started selling for the first time because this is starting to worry me.

I'm anticipating a huge crash soon as these fears hit.

However, I will buy back in as I'm sure the cryto community will do something to mitigate this, like some miners are doing with green electricity.

Who knows... maybe it will move to proof of stake too.

Over 10 years is a long time and bitcoin has gone through a lot. If this was possible then we would have died already. So just relax, I think it's impossible to destroy all nodes and hypothetically say they destroyed all live nodes - how would anyone destroy the copies that are stored in individual drives?

They can try and why would we think that they never tried it. It's just an angle to have debate and that's all. Practically, the possibility is near to zero.

Why even this topic today @OP? :-D

I said the international community would "clamp down" on it. I didn't say they would ban it like individual countries might be able to.

You need to read up on ESG in the wider investment universe to get some perspective on this, because it will affect the price big time.

Too late to ban it now, now that big money is involved and they are benefitting from taxes. Perhaps on some countries with little to no development on the cryptocurrency side of things, this is possible. But for those countries which already have established communities for bitcoin and crypto? It will be difficult. Besides, how would the ban play out if people can still use it underground? It's a futile endeavour, and probably just a waste of resources, too, for the government's side.

Even if they do, it is pointless. They will only hurt themselves more in the long run. The Genie, is out of the bottle, i cannot be put back no matter what.

So yeah, gov evasion is one of the things this was designed for since the beginning. Yeah they can bother people and oppress them, as the State is always ready to do; but that doesn't mean they can stop it. Hiding gold is much harder than hiding some words. And the beauty of it is that those words can carry $1 or the half the world's wealth. Takes the same space and effort to hide.

So yeah, State meddling with money, its over.

Right now they cannot do it or people are not going to stop wondering why they are doing something like this when things like marijuana is being legalized, first we need to look at the circumstances that lead to the banning of gold ownership and it basically happened because the biggest crisis on the century hit governments incredibly hard.

And we are seeing that circumstances are aligning themselves with a new crisis coming during the next decade, so I think governments will at some point ban bitcoin, but things are not going to be as easy, people are going to do everything they can to maintain their wealth and if they have to choose between obeying the law and having the possibility of buying food they will choose the latter and will keep using bitcoin even if it is illegal.

They have done it already when bitcoin is just starting to make some smoke if government do able to do so then they had done it a long time ago.

with this current crypto situation then its clear that they cant really stop bitcoin or crypto as a whole this is why some of government do rather accept
nor adopt it instead.

Decentralized things cant really be controlled nor surpressed it down even though they can really make influence into those platforms attached to it
but it wont be enough on getting rid of it.

I think it is too late to do something about Bitcoin, after it has built up a market value of billions and has millions of investors around the world, any country can ban Bitcoin, but it will still survive and no government can prevent people from investing it even if they impose sanctions, because decentralization will protect investors to show their identity.

Government can't control people to invest in bitcoin but they can try to ban bitcoin in their country. Still, some people will find a way to be able to own a bitcoin even though bitcoin is banned in a certain country. In my country, the government didn't ban the bitcoin instead they made use of it to earn profit. There is even an app that let's people trade and hold bitcoins as long as they want

Governments will be able to ban Bitcoin, but Bitcoin represents money and people will never give up money, just because of that they will not be able to follow the rules or regulations that a government has or imposes on them, the US has many restrictions, even for some casinos to those who are not allowed access there.

It is normal for a country to want to have control of the entire economy as banks do, with Bitcoin the debt ends, this does not suit governments or banks, that's why they want to ban bitcoin, as well as gold, it they do, they don't allow people to achieve their Financial Freedom.

Now, that a lot of powerful companies are into bitcoin market, I don't think governments will continue the pursuit of banning the use of bitcoin. It is already too late to have that kind of sanction to bitcoin. And also, even before, if they did want to ban, they couldn't control it fully. Right now, I believe those countries making bitcoin as illegal entity are reviewing their decisions. Hearing PayPal or Tesla integrating bitcoin in their system, will make up their minds that dealing with bitcoin is not bad after all.

Agree, the governments should already ban Bitcoin if they want and can do it. But in fact, they don't do it, which means they let Bitcoin exists and develops. Moreover, Bitcoin already becomes an important thing for all people around the world. They can gain money and do business through Bitcoin, it is very helpful to improve people's income and the world's economy as a whole. With these considerations, the governments have no strong reasons to ban it now.

Some nations have moved to shut down Bitcoin exchanges and prevent their citizens from transacting in the digital currency. This does not mean that every nation can shut down Bitcoin. The system is decentralized and exists outside the authority of any one governmental body.  This makes it safe from central banks and governments.
Bitcoin has become increasingly mainstream over the past couple of years, and an increasing number of individuals and businesses have started using it to conduct legitimate transactions and buy goods and services. I don't think it would be in government's best interests to try to ban Bitcoin at this point.

This is like "Closing the gate after the horse is gone" only there is no gate!

The only actions governments can take is heavily regulating the entry
and exit points to Bitcoin.

I cannot see the US banning Bitcoin after it is allowing people and companies
(private and public) to buy, hold, trade and sell it.

Anyway Bitcoin will exist regardless of what governments do.

We have seen governments coming together in the past and Liberty Reserve is a prime example but that was a private centralized digital currency even though they had servers in a few countries the government was able to come together and shut them for good but when it comes to BTCitcoin it is not that easy even though the government can shut a few mining farms but not the entire network.

if this happens, then we will really be very difficult to access all of our assets in bitcoin. we all know that access to interact with bitcoin will clearly be watched and controlled. the government has access to close the bitcoin space, but are they sure they can cover our anger which in fact will attack the government system much more aggressively. that's what will happen can be easily caused chaos. the government doesn't necessarily shut us down, and we have a way of getting in.

Banning it will lose them billions if they're going to consider their citizens that have been transacting and transferring funds through bitcoin. They're losing lots of money if they're about to that. But even if they do, transactions can still continue and many wouldn't care if there's a ban just as what the other countries did, there are still crypto people that are continuing.

If they decide to ban the cryptocurrency it'll just come back stronger as the alternatives would be worse. A strong community would come back in its place to support this currency in all circumstances. That's why the probability of legalization is much more likely than ban. Its far better to adopt the future than fearing it.

Banning in a certain country would be implemented once there's a conflict of interest. Some of the law makers would decide this kind of judgement toward bitcoin, and no one can ban Bitcoin because it continues to run without control of anybody. Government is intimidated with what bitcoin shows to the world, specially todays time that price soars unexpectedly. But to those developing countries, I think it wouldn't be be because they're now shifting to cashless payment using digital currency.

IN my country, there are conditions:
- Cryptocurrency including Bitcoin is legal as a commodity and digital asset, there is a law about cryptocurrency and they are leag.SO, they will not ban Bitcoin.
- Exception, crypto is legal for commodity and also digital asset, but it is not legal as Payment method.
However, I personally not mind this because I cannot find merchants that accept Bitcoin.
I only use Bitcoin for trading and also investment and they are legal.

But maybe there are some countries that really ban crypto, but not all countries in the world. This ahs been long time discussion about baning Bitcoin

If they want to ban Bitcoin they should have done it earlier, now that adoption is skyrocketing people will fight for it. We’ve seen so many Bitcoin bans and harsh regulations from different countries, some tried to totally ban it and some are still shaky with their decisions. Its impossible to ban Bitcoin, they can’t control it unless they shutdown internet servers.

I think the US government won't do that and it's too late to banned Bitcoin now because it was already scattered in almost US state and even in the world and some countries already used Bitcoin and other cryptocurrencies as a source of tax revenues so why banned it if the said industry was already contributing income to the government through taxes its no sense at all, But if the government will push to banned Bitcoin and all cryptocurrencies I think users can go underground because they cannot totally stop bitcoin because it was decentralized thats what I think.

Even if they ban it, there is nothing that they can do unless they cut off the Internet in their country, I mean look at Middle Eastern countries, some of them ban pornography but there some analytics that most users come from this part of the region. They can't ban bitcoin because they will suffer the consequences.

There are governments which already banned bitcoin in their country, like India, Nepal, Bangladesh, and etc.

They prefer having Gold instead of bitcoin that's why it is really hard for them to adopt, they really don't seek information about the development of currencies.

I know that India is trying to legalize cryptocurrency in their country but they are having a hard time to regulate it properly that's why it ended up banning again.

Hello everybody. There are not so many countries that have completely banned cryptocurrency - mainly this is the adoption of various fiscal measures for the circulation of cryptocurrency in the country, obeying which, in the end, we can be left without money and with undermined psychological health, because today the power is poorly educated people who write laws in such a way that they can be interpreted as they like. Clearly fiscal laws are being written that do not take into account the interests of those citizens who hold the cryptocurrency. Although illiterate officials are in power, many still understand that it is possible to ban Bitcoin, but it is not possible to enforce this law. Therefore, even those countries that already have a complete ban on cryptocurrency will soften their attitude over time. Young people who are more progressive will come to power - I hope they will come up with such laws under which both the country and the holder of the cryptocurrency will earn good money. In the meantime, the authorities are mainly pensioners who have gone out of their minds - everything will be as it is. I think that governments will not prohibit Bitcoins due to the ineffectiveness of this action.

If OPs comparison is to the ban on Gold by the US Govt, isn't it much easier to implement with Bitcoin? With Gold, they simply ordered people to submit their gold. I believe a lot of people would have hid them in ways that the authorities wouldn't find out. Of course the same can be done with crypto.

Hiding BTC or the involvement in crypto in the same way would be far more difficult depending on what level of user one is. Good luck to the coinbase users, for example. The Govt cannot force anyone to stop using BTC individually, but they surely can make it worthless or own all of it through legislation if they want to.

Will they do it though? Not so sure. With crypto becoming one of the few islands of innovation and prosperity, why would they want to stop it?

In my country. The government does not prohibit Bitcoin. But there is no legal provisions on Crypto. The government only recommends that citizens be careful when investing in Crypto because it is not controlled by the Government.

The most and least thing they could do only would be ISPs to ban every single trading exchange, because that is how BTC is mostly traded or transferred. Still people have the means to use various softwares like VPN.
Tor is also there for anonymous browsing.
Proxy is also there for reason.
Government banning those sites to not be able to be downloaded? Sure, people will still have the means to distribute those software without a trace.

Bitcoin will still survive.
The power of technology still speaks for infinite possibilities.

Just take experience from what has been happening in some countries that has placed ban on bitcoin so far in the past. None has succeeded as their has been fights coming from all angle in support of human rights and certain specific right which are been denied due to the government recent ban on cryptocurency investment.

Also judging form the government negative reaction toward the currency, if banning was that possible it should have been done a long time ago when the adoption was still struggling and not now we have big institutional investors coming into the industry simultaneously.

While banning of God was very achievable was because of the physical nature and centralization but bitcoin isn't physical nor is it centralized for a central point to be attacked.

They can ban but they can't stop Bitcoin but its not likely to happen in the future. All they will do is to increase the tax rates to insane amount so people will have no choice other than moving to other investment assets or black market.

Cryptocurrencies and gold are prohibited for payment in my country. Even so, we can make some arrangements for the circulation of Bitcoin or gold with assets.
The issue of using crypto or Bitcoin is worse because governments try to come up with arguments like money laundering, Bitcoin mining destroys the environment and so on ...
Even though they ban it, I still believe that Bitcoin will still be circulating because it exists on the blockchain, on the internet and no organization can interfere with it.

In my opinion, Bitcoin has been adopted by a lot of big companies in the bitcoin market. Famous people and Billionaires already created a big hype with Bitcoin and that is really something that needs to taken as a good sign. With that said, I think governments would not doubt Bitcoin, and Cryptocurrency in general. I think what will happen is that governments might join the Bitcoin train and will buy some share so that they can invest on it and make money out of it as well.

Very well said. They should do it earlier but now I don't think they can pull it off since adoption is now increasing and imminent. Yes, some countries could ban it but stop people from using it. Bitcoin is decentralized and that what it makes difficult to control or even ban it unless they cut off all internet connections which is impossible. Besides, some countries already have accepted Bitcoin and benefited from it so I don't think they will ban it. Furthermore, large institutions are already venturing on it that would also another reason why the government will have trouble putting it on prohibition.

I think it is already too late to ban Bitcoin from now on. Mass adoption has reached a great level. And the number of BTC investors has increased in an incredible amount so far. Even they try to ban it, they will come across a bad reaction from people. People will still search for ways to continue using BTC.

My thoughts exactly. While there are countries like Iraq and China that has banned Bitcoin, India has been placing restrictions on certain bitcoin companies and service providers. What the government has in its agenda is to regulate any business that involves Bitcoin. The latest note from the finance ministry of India states that Bitcoin and its ilk are illegal in India and the government is looking at legal avenues to impose the ban on the use of the cryptocurrency.

There is a doubt that the government was a right in their decision to put a ban in some countries, but there are certain loopholes in all banning measures to ensure the rightful citizen has access to financial services. In most cases, investors in countries have gone to places which were not affected by the ban to have the green light to invest, therefore giving rise to third party involvement and corruption.

They can't do it all over because they only can try to control people's investment and make it complicated. As they banned gold far ago but they can't stop using gold and its market. Gold is one of the most demanding material in the world as that they can't stop BTC. For some time they will slow the progress nothing else that.

I don't know about the gold ban because gold is being used everywhere and never heard of anything related to the gold ban. However, governments are trying to ban crypto but they could not. They don't have any control due to which they can ban the crypto. Even if they announce the ban, the people will continue using it.

From the knowledge I grabbed from the community here I don't think government have the right to ban bitcoin, they can criticism bitcoin but I don't the power to ban it is there, from other countries government who tried to ban I think they find it difficult to do so.

I think i can't be happen anymore because bitcoin itself can't replace fiat. There are several reason like for example, need much fee when we send bitcoin to another person. Not like fiat that maybe we can give or transfer directly with low or maybe no fee at all. So with only that 1 reason, bitcoin already can't be used as payment so i think don't need to worry if bitcoin can get banned because government afraid it can replace fiat.

I think it will be too late to ban now, because we already know for sure the positive impact generated by bitcoin for both per capita (individual) income and for unions such as large companies and investors and that indirectly increases government revenue in finances. just a small example in taxes, because the greater the income of investors / companies, the greater the tax borne.
even if the government prohibits bitcoin, it will have a very big impact on both investors and companies that do business in cryptocurency and on the government itself. because I believe when bitcoin is banned the income will be much reduced.
besides that people have cunning intellect and in the world of crypto it can be done underground (secretly) even though it will be considered illegal as long as it earns a large income, surely many people will do it.

I believe that know body can ban cryptocurrencies, from what I observed, cryptocurrency is not gold their is much different between gold and crypto, because people investing with bitcoin are much than people who invest with gold, normally gold was threading before but since existence of cryptocurrency gold now withdraw excessively in the world market, and currently people value cryptocurrency much than any investment.

Indeed. Crypto is never the same as gold. It holds a stronger will and a better innate, even though it is digital. You are also correct to say that people cease to invest excessively in gold and transfer their money to bitcoin. They see the future of bitcoin. They believe that bitcoin can meliorate the world and form a new perception of the society

But the main objective is still profit. Bitcoin undoubtedly brings immense income

Bitcoin's relentless efforts have linked so many large investors and corporations gathered here and with such a large community size, worldwide coverage, a little blockage is enough to bear a lot of opposition from this community, part of the government's taxes will not stop being affected. But governments never have a common voice, mostly just figuring out what would be in their nation's best interests, only a few countries are linked together, but in general, they just leave bitcoin to develop without blocking, a few such small efforts in exchange for the negativity of the result are not wise choices

Where are country really banned gold? I think almost country gold is legal investment and not banned or illegal property, but for bitcoin still an illegal and many countries not support for bitcoin become legal currency transaction or investment assets, but you was wrong with gold have been illegal or banned in any country. Just few country support bitcoin but only legal as investment assets and still not any space for bitcoin to be legal currency transaction payment.

To be honest I can't remember when the US banned Gold or I didn't notice it. But do you think is it possible to ban Bitcoin like Gold? I don't think so. Because Gold is a physical asset that is preventable to enter a country or use it. But Bitcoin is quite different, it's a virtual currency and not preventable any way. A government would just announce that Bitcoin is a ban, but really they couldn't prevent citizens from using Bitcoin. There are no physical coins and the government wouldn't detect who is using Bitcoin if you don't use any centralized wallet or exchange. So I think it's too late to ban Bitcoin. Banning Bitcoin would affect Bitcoin price for some time. But couldn't prevent it while using.

Bitcoin is the most valuable digital asset today. Because the price continues to rise and is able to reach the highest price in history, of course some world governments are worried about the development of bitcoin. some countries began to ban the use of bitcoin in their countries but some also legalized the use of bitcoin because of the technology that is needed for more modern payments.

The regulations regarding the use of bitcoin are regulated by the government in such a way. in my country Indonesia bitcoin is regulated only as a commodity trading and is not allowed to be used as a legitimate transaction tool like traditional money.

Bitcoin is a future payment technology that must continue to be developed.

Are you a US citizen? And if yes why centralize the ban, why not make it known where the ban you think that it can happen, US isn't the whole world you know, but even at that I don't think with the adoption greater than it was in past, that the ban on bitcoin would materialize, I don't support the saying that the wealthy once -elon musk- for example gave bitcoin all the boost it has had recently but I think the wealth game would play out in Bitcoin favour bin the US.

That's why it is not possible to control as bitcoin is a decentralized crypto. People are free to use bitcoin as their sweet well. We have to move forward with digital decentralized currency. As bitcoin is decentralized currency, it is not possible for governments to ban it.

I think they won't ban Bitcoin. In my country bitcoin is and cryptocurrency is seen as an asset, people can freely buy and sell cryptocurrencies as long as they pay taxes in full.

The US took away peoples gold bullion and coins back in the 1930's do to the World Wars, it wasn't because they were using it instead of fiat currency.  If they ever tried to do this again today, it would absolutely never happen.  The fact that they would have no shot at taking our gold would be they have even less of a chance being able to ban bitcoin..even if they do, that's what we have Over the Counter for and decentralized exchanges.

Yes, they can't ban Bitcoin itself because it will just keep going through miners and transactions that are scattered in every part of the world.
But the thing about the government banning bitcoin is those transactions that would come to their citizens and prohibiting them to trade or doing any transaction related to it while they're residing in that country that has banned bitcoin.

I think that governments around the world will not ban Bitcoin and cryptocurrencies. If a government bans cryptocurrencies, people can still exchange at an exchange in another country.
Ideally they should come up with policies to regulate cryptocurrency and collect taxes from it, this is probably the best choice available today.

Some countries already getting taxes from cryptocurrencies its just a matter of time that Bitcointalk or any cryptocurrency will be adopted and useful to many banning it is inappropriate now knowing that before there are many countries who bans it yet still uses them. Just a good Laws and implementation can make crypto much more useful in a country than their fiat.

Even i am not sure when gold was banned but if a government wants to ban bitcoin, they cannot ban the bitcoin transactions but they can put an end to the exchanges functioning in that country and that can create enough problems for a while until the users find an alternative and if the market becomes legal then all these exchanges will be forced to comply by it and we are yet to know whether these exchanges will allow if a country ask them to ban users from a certain region to trade on their platform.

The majority of countries in the world only prohibit the use of cryptocurrency as a currency, they do not prohibit people from using bitcoin as an asset.
This is probably a wise decision, with such policies they still keep their finances safe while still earning huge tax amounts.

I, like many people here, are of the opinion that this is impossible.  A lot of money is already involved in cryptocurrency, and banning Bitcoin is not beneficial for the government itself.  Why spit in the well from which you drink

Governments will not ban cryptocurrency but it is still too far away before they accept it.
Although there are many governments around the world that have a better outlook on bitcoin and cryptocurrencies, they are still quite wary of it.
This is perfectly understandable, governments do not like a currency they have no control over. So I think it will be a long time before governments adopt cryptocurrency as a currency.

How that they feel have no freedom?

If they are doing this, then they are lying about saying that they will help the people. That will be the biggest mistake that the government had made.
But that was illusional, I know that they can't afford to do it unless if they can afford to lose their integrity just for money, just for promoting fiat instead of accepting the new system which I think is more usable this time.

 

While US isn't the whole world, let's not forget they're a world power and what ever they do has a major impact on that section of the global economy. If the US government was to successfully ban bitcoin (which is quite impossible) the rest of the whole would follow suit especially those nation that has a strong relationship with the US government or rely on them for aid).

US has to be used as the references point because among all current government if there was a government we should be more concerned about is the Biden government. He's anti-bitcoin and sooner or later this will begin to reveal itself.

The only possibility to that is for the Government to shut down the internet first, otherwise, it will not be possible on this present planet.

I believe it is too late if the government wants to ban Bitcoin, because now Bitcoin is trusted by many institutions. This means that it is very difficult
to stop people from using Bitcoin, even in some countries that have banned Bitcoin, people can still use Bitcoin. Because as long as there is
an internet network, everyone can use Bitcoin. So it is useless in my opinion if the government intends to ban Bitcoin.

As for me, it will be hard for the government to ban Bitcoin since it's beneficial to most users as well as the government through the tax that they're taking. It will be hard for the government to control Bitcoin because of its decentralization. More people wouldn't agree to ban it because it's giving us lots of opportunities as well.

A slight possibility actually if they could to make it only for the underground. Paypal, Visa, and Mastercard had integrated BTC on their platform because they too are afraid of losing relevance to the card users because of CBDC. The cash could totally be eradicated by the government when their CBDC is up and running as well and we have seen this materialized in China already.

In the stock market, the gold has risen gradually which if this will continue the people who had no gold could turn poorer. But yes even if they ban BTC, it will exist no matter what.

Personally, I am very disappointed with the government's approach to bitcoin; they need to get with the program or face serious consequences. Perhaps it is the regulation that causes the problem, but in any case the simple fact is that US is falling behind in this crypto market and the only way forward is to innovate and be the leader.
I believe that the US is far behind other countries in this market and that American businesses have the right to adopt a crypto policy, formulate their approach and help regulate this exciting new market.

if the government "shuts down the internet" how will they track our movements "lol"

Bitcoin is something that can no longer be managed and even eliminated.  Bitcoin has officially become a decentralized asset since Satoshi officially made it public.  only God can "shut down" Bitcoin.

Bitcoin is virtual coin. This is so much potential coin in the present time. For this reason day by day its popularity going to increase. Because of its decentralization, no government can control its. No one can trace it transaction history. For this reason money laundering happening in all over the world. So many criminal use bitcoin for making crime. By thinking all of this government can ban bitcoin. But i think, Not all governments in the world can ban bitcoin together. Because the opinions and thoughts of people are different. Not everyones opinion will fit perfectly in a time. But somehow all the government will ban bitcoin together then Bitcoin's survival will be difficult.

We are in the computer era and that it needs internet to become productive. And from that, the government surely can't afford to stop it as they are using this also. This means that no matter how strict they are, no matter if they ban Bitcoin, people will still look for an opportunity which they can use and invest Bitcoin.

God isn't involved here, only the people who are a part of its development. Maybe the shutdown will happen if Bitcoin has not used at all. But as we can see, it became valuable and this will even more valuable in the future where more people are using this one.

In the past, there were instances where the governments tried to ban gold. Did that worked? Definitely no. The same will happen this time, and the results will be even more stark because of the digital nature of the cryptocurrency. In many of the developed countries, the authorities have realized that it is not possible to ban cryptocurrency. So they have started regulating it. However, there is no shortage of idiots in developing nations and here in India the government still want to make possession of cryptocurrency a criminal offense.

It's too late for government to take that step of banning Bitcoin because now it has become a major financial assest globally which is opted by major institutions and investors preference have shifted towards it.They will never go against the general market as it could affect their political status and moreover the government's are also benefitting from btc as US govt. holds more than 80000 Bitcoin at this time seized from Silk road crime.And if you look at statement of former SEC chairmain Hester Pierce or so called "crypto mom" has said US will not take foolish step of banning Bitcoin and it is like shutting down the internet completely and it's not possible to do such things as it can have great impact on economy of the country and same goes for all the centeral authorities around the globe.So we need not to worry about it as we have came across lot of tough times but now Bitcoin is name that needs no introduction and will be accepted by all soon.

If they want to ban, then the ban has to come from some global agency such as the United Nations. Since Bitcoin is a digital currency and it doesn't exist in the physical form, regionalized ban will never work. The users will simply move their assets from the country where it is banned, to another country where it is perfectly legal. The only impact is going to be a decrease in tax revenue for the country which banned it. If this was not the case, then Bitcoin would have been banned by most of the governments ages ago.

If governments want to ban bitcoin, why not ban at the beginning when it was first created? Bitcoin now is more than 10 years of existence and I think it was rooted already, where government can't easily remove it. Well, let's wait and see what government can do if ever.

It is possible that they will ban Bitcoin if they want to control the price - that's what I think the reason why. Today Gold are now legally accepted and can be freely traded. If one day the government banned Bitcoin, I believe that they will eventually make Bitcoin legal so as to what happened with Gold.

Similarly to a few other people in this thread, I don't understand what the op means by gold being banned. People buy things which are made from gold all the time, and they keep jewelry as a form of an investment sometimes. I haven't heard of gold being illegal, but to be sure I've just checked that it's indeed perfectly legal to buy and possess jewelry as well as gold bars in my country. As for some context from other countries, I see that there was a ban for US citizens on owning or trading gold from 1933 till 1975 due to Executive Order 6102 (https://en.wikipedia.org/wiki/Executive_Order_6102), but I guess it's currently legal in the US as well. And to answer the question regarding Bitcoin, I think that most democratic governments won't ban Bitcoin because it could cause public unrest, but I think that over time more and more countries will regulate cryptos, setting some requirements and restrictions.

The government has nothing to do with bitcoin and her usage, as said above, it's over 10 years now and we are still arguing about government ban on cryptocurrency, if they do, it doesn't affect the users and can't affect in anyway since everything is decentralized.

Yes, I was also wondering if Gold has been ban in the US before, I haven't heard such news because it's the backbone of a country's economy.,so why put a ban sentence on it, imagine government putting ban on crude oil, that's ridiculous.

It is possible that the US government will continue to ban bitcoin because it cannot be controlled by them directly so they don't want to formalize it as a payment

US government still going on not legal using bitcoin as currency transaction payment because they still not believe with cryptocurrency, but other side they don't get competitor for USDT can replace by bitcoin or altcoin. Many time US government make bad news with cryptocurrency but still not give any bad for bitcoin, so far keep bitcoin and altcoin on the top price but waiting with many responds how bitcoin become legal currency transaction around the world.

The ownership of gold was banned by Roosevelt in 1934

 
https://en.wikipedia.org/wiki/Gold_Reserve_Act#:~:text=The%20passage%20of%20the%20Gold,restricted%20gold%20ownership%20and%20trade. (https://en.wikipedia.org/wiki/Gold_Reserve_Act#:~:text=The%20passage%20of%20the%20Gold,restricted%20gold%20ownership%20and%20trade.)

The government already tried many times to stop and ban bitcoin but they always failed on doing it because bitcoin cannot be stopped they will just waiting their time for doing it. The price of bitcoin as of this day is high which makes it more interesting for many people and many counties, some countries already exploring the world of cryptocurrency especially bitcoin, and mass adoption is already happening little by little no one can stop bitcoin unless the internet connection will shutdown worldwide and will never back again.

In theory everything in our world may happen. And in history and nowadays we can find proofs to that. Sometimes very unexpected things happen. Of course the influence is strong enough on lots of processes governments of different countries and united organisations have, despite we all would not like it to be so. But in my opinion in case they had such a strong desire to ban crypto worldwide, they would have done it already. In most cases the question with crypto even is profitable sometimes for someone's PR, sometimes for other things.

You can't generalize governments all around the world. There are some regimes which tried to ban Bitcoin. Perfect examples are Thailand, India, Bangladesh and Bolivia. But at the same time, there are others which were receptive towards cryptocurrency from the very beginning. I am talking about countries such as Japan, Germany and Switzerland, which legalized Bitcoin and regulated it's trade from the very beginning. And then there are the vast majority of the countries, where the legal status of cryptocurrency is unclear.

Even though they ban it they cannot still prevent people from exploring cryptocurrency, just like in our country wherein cryptocurrency is not yet legalized but still, a lot of people are using cryptocurrency, they keep on selling and buying bitcoin or altcoins in different exchanges, bitcoin is a successful cryptocurrency, I confuse on the government why they keep on banning bitcoin, well, in fact, it can give us a lot of benefits and can rise to give good stand for the economy.

They're already doing it. But at the same time, they themselves are interested in making a profit with bitcoin

some governments have banned their citizens from using digital currency (Bitcoin), perhaps because it is feared that people will feel comfortable using Bitcoin compared to the existing local currency or maybe there are other compelling reasons.  However, in my country now digital currency is widely known and the government supports this technology, but it cannot be used directly for transaction tools, it is possible for the government to support this digital currency because it can increase tax revenue that must be issued to its users.

Agreed, if the US government stance is against Bitcoin others country will follow but it good that US is a country that love innovative technology and they also understand if they are against crypto while some countries legalize it while crypto manage to be successful it may somehow degrade their power.
Aside from that, the US and other country can not totally ban Bitcoin they can only place some restrictions (just what happen in China, Nigeria, India etc) cause they don't have control over Bitcoin.

It may be too late for governments to ban Bitcoin from the face of the Earth. They ever-growing number of nodes and miners, makes the network more decentralized and resistant against third-party interference. The only way governments will be able to successfully "ban" Bitcoin is if they begin to crack down on centralized exchanges themselves. But then, people will be able to acquire Bitcoin via other means (decentralized exchanges, off-chain transactions, etc). I doubt major countries will want to ban Bitcoin as they would lose a huge opportunity to profit via taxes. As long as tax collection on crypto is possible, Bitcoin will be here to stay.

Nonetheless, no one knows what the future of Bitcoin will be. Who knows what will happen once CBDCs are introduced by mainstream governments? Will they declare Bitcoin and other cryptocurrencies as "illegal" in order to force people to use the new digital Fiat system? Or will CBDCs live alongside Bitcoin for years to come? The more Bitcoin grows in popularity, the more banks will become furious. Since governments don't want to lose control/sovereignty over people's money, they might do everything in their power to stop people from using Bitcoin. Even if governments are able to gain taxes from Bitcoin right now, there's nothing stopping them from changing their stance in the future. Whatever happens, Bitcoin will survive (although with a smaller user base) thanks to its decentralized and censorship-resistant nature. Just my thoughts ;D

*government is mostly an institution filled with old men...
if they did it at a time when the internet had not developed this fast then they would certainly be able to get banned from Bitcoin but now the internet has grown tremendously and millions of people no longer obey their words. banned Bitcoin is a fantasy.

governments are not going to meet just to ban bitcoin mainly at the current stage. but some countries can put tough rules and even ban bitcoin ( mainly African countries are able to ban bitcoin without any problem). but in general this will not harm bitcoin. The current bitcoin stage does not allow all governments in the world to be banning bitcoin at the same time, because this market has already grown a lot, it is already consolidating itself like other markets and this brings more legitimacy to bitcoin.

Now what will really be a problem will be KYC, no doubt that it will be something that all governments are implementing and will be strict in inspections, bitcoin laws may also be tough in the future


they don’t need to ban because they can implement more rigorous KYC, so this idea of banning is something that doesn’t make much sense in the current scenario


definitely could survive but at a very low price and without a lot of volume, probably over the years would die

Banning for Bitcoin is too much and not they should do it just because they think it is too late for them as they are old already. Because if they are concerned about the future and what they can offer to the next generation, they should support it rather than banning. But I was believing it won't go like this, banning isn't the looks to what we saw. It might be a conflict of interest but for sure they will understand this and accept that Bitcoin can't able to controlled and let it stay decentralized.

A country can ban bitcoin usage in their territory, but the fact that there are at least 164 more countries who will be willing to accept a revolutionary piece of tech as bitcoin is still good to me. Countries can definitely impose regulations or even bans on anything they deem unhelpful or parasitic towards their people, just like what they do with drugs. If they see bitcoin as a drug that wastes away their people's brains, then they may definitely impose stricter regulations or even banning for it. But looking at its current benefits to the people, I highly doubt this ever happening.

What else can I say, Bitcoin has not been seen much in my country till date, even those who are involved in Bitcoin are suppressed by the government through various legal measures.  So in my country there is not so much headache about the legality of bitcoin.  My country believes in paper money, they don't believe in cryptocurrency at all.

From what I have seen, the government bans usually have just the opposite effect on the popularity of Bitcoin. I have seen the same from Nigeria and India. When the government authorities proposed to ban cryptocurrency there, the popularity just rocketed and the number of users newly registering to various exchanges and P2P platforms went up by manytimes. Actually I should congratulate these government guys for popularizing Bitcoin.

The news circulationg around the country that's planning to ban Bitcoin just provide the ideas

for their citizens, due to unknown system people got curios and start seeking for any information

regarding to this system, and once they've found the opportuities, they'll grab it and like what

you noticed, it's adding more interested investors and end users.

Im not certain on the stance of US government regarding bitcoin. But knowing that bitcoin is already recognized and big companies are started adopting it, I think its not going to be easy to implement banning of bitcoin. However if they do so, it can create a huge impact to crypto world because US is an influential country.

On the other side, here in our country I dont think they will ban bitcoin. They are giving warning even before that btc is an speculative asset but the decision to engage yourself is on investor's discretion. If they have plan to ban btc in the first place then it must happen before when btc is not popular yet. Now that btc has many users here snd they're also benefiting to the taxes given to traders using centralized exchanges I think it wont happen.

If we look recently, almost all governments have legalized bitcoin in their respective countries, moreover, the current price of bitcoi is getting higher and its popularity is also increasing in each country.
So I personally think the government will no longer prohibit its people from adopting bitcoin.

What? are you serious?  or are you stupid .
can you give those countries , those ALMOST ALL that now legalized Bitcoin , Do you understand what you are saying here?
or you just spamming with your nonsense posts?
Again what's your basis on this?
don't fool people here because it is not the countries adoption that makes the price increase instead this is from companies that entering bitcoin.
Talk to Yourself .

A bit strange to read such thing as "US ban Bitcoin like they did with gold". Did the US really banned gold? I think they are on top place among countries who has gold reserve. US were always crazy about gold. How many year did they spend in Nevada's gold mines? Probably thanks to US gold mining  became so popular.

If the governments ban Bitcoin - how they are gonna control who still hold or trade Bitcoin? Specially with an era of VPNs. That is simply impossible to monitor in overall bans in a scale of a whole country. And as Bitcoin is a good source of income, why would government ban their another source to collect taxes from? I dont believe government will ever ban Bitcoin on purpose.

Today, every ban seems to have become worthless when we look at the price of bitcoin, particularly information that some governments have mentioned and celebrity statements, most countries are choosing bitcoin as a place to further stimulate the economy. Regulation is something that countries are very stressed out with in crypto, they no longer care about banning when the interests of the people are so heavily placed here, some mistakes in decisions and bans could lead to the outrage of the majority and affect economic recovery.

The effect that BTC has on the high volume of purchases and skyrocketing prices has made countries that ban BTC experience anxiety.  They continue to report the bad effects that can be caused by investing in BTC.  Even though the facts are not that bad if we can manage the investment we have.  They continue to limit activities in crypto with a fairly strict policy, then they make competitors for BTC such as CBDC.  Yes, they are the economists who drive inflation

If the governments of all countries ban Bitcoin by legislation, this will show the great horror of Bitcoin, indicating that Bitcoin will greatly shake the regimes of those countries, and the result is that Bitcoin will be deeply rooted in the hearts of the people.

Bitcoin is not like gold. Gold has a practical value endorsement, but Bitcoin does not. If Bitcoin is banned, then Bitcoin will eventually die out.But as long as a country recognizes Bitcoin, then Bitcoin is valuable, or only a few local tyrants recognize that Bitcoin is also valuable.

If a certain country bans cryptocurrency, then in the end the citizens of that country are going to suffer. Take the case of India for example. When the news of an impending ban came out, large number of users in India sold their coins in panic. And within the next 2-3 months, the exchange rates went up by more than 100%. On the other hand, investors in more cryptocurrency friendly countries such as Russia and Japan don't face these issues. They are profiting from their investments and they can chose the time when they want to sell their crypto-assets.

Why would anyone sell off the coins in panic if a country bans Bitcoin, there are several ways to hold the coin and cash out and there are many P2P exchanges as well which will sort these kind of issues. You only need to blame yourself if you sell off the coins in a panic.

Some of these countries might ban here and there and that will not affect the market as long as there no global ban and it is highly unlikely for a trillion dollar market even though everyone is expecting the market to be regulated.

Ironic, isn't it? Bitcoin comes out more popular than it was before after a government ban takes place. This shows us that people are interested in a truly censorship-resistant kind of money outside the scope of governments and central banks alike. Governments are already noticing their efforts in tackling Bitcoin's usage are futile, leaving them with no choice but to embrace it. Taxation would be the path for Bitcoin and other cryptocurrencies' widespread acceptance in the mainstream world.

Nonetheless, I don't think any government will be able to ban Bitcoin in its entirely like they did with Gold some time ago. The US may end up with fierce regulations towards the crypto/blockchain industry. But it'll never ban Bitcoin because it can be easily taxed throughout centralized exchanges. What governments will do is track and trace Bitcoin transactions in order to catch malicious actors on-chain. With surveillance/analytics tools like those provided by Chainalysis, it'll be easy to enforce the law on transparent blockchain networks like Bitcoin and Ethereum. The ever-growing popularity of Bitcoin will lead central banks into creating a CBDC of their own. Regardless of the FUD by some wealthy people (Warren Buffet) and mainstream media, Bitcoin will become bigger and stronger than ever thanks to its decentralized and censorship-resistant design. It's sound money that's many times better than Gold. Just my opinion :)

If a single country decides to ban bitcoin, not only the citizens itself will suffer but even the government officials do. They will find it hard how to ban a currency which transactions are not totally visible. And bitcoin as a decentralized in nature, provides that no single entity or group is capable to ban it or shut it down.

Bitcoin cannot be banned legally but there might be restrictions along with it. And the more they see bitcoin as a hindrance to fiat, the more people will be even attached to it. Gold was banned some years ago but when it comes to bitcoin, it's better to comply than banning it.

There are plenty of countries already that has banned bitcoin and it is not so far from happening that every country will come together against bitcoin. It might be something we should be scared of but after all we still have the decision on what we are going to do with our financial freedom. There are many people who lives in countries where bitcoin was already restricted yet they still manage to find ways on how they can access and earn from it. The government might have the power to stop other people but there will always be some who would find ways no matter what.

Banning gold is easy because you can stop it at the airport, it is visible and physical. You just confiscate it if somebody tries to transport it. Much harder, if not impossible with Bitcoin in my opinion.

if the government bans bitcoin at a time when not many people understand bitcoin, I think it can happen, but if the government wants to ban bitcoin for now, I think this is very difficult, because bitcoin has been around for a long time. than 12 years, and Rich people have also played a lot in bitcoin, like Brian Armstrong, Sam Bankman, Chris Larsen and others, making it difficult for the government to deal with rich people like them.

You know what op, in today's time, it's quite hard to find anything that would be impossible to happen in this industry. Just look at what happened with doge and other meme coins that are utterly useless, didn't we think last time that such things happening are impossible? The case with this one is quite the same. Indeed it is already quite too late for the crypto industry to be banned entirely. But even so, it is doable if a scenario like what you said really does happen where different countries all unite and agree to ban crypto currencies(but then again, unity is impossible when we talk about the whole world). And so, proves that possibilities are endless in this industry.

this will be very difficult to happen, even though it is prohibited there are still many people who still hold bitcoin and farm bitcoin even though it becomes illegal. and I think this prohibition is very difficult to happen, even if it happens the impact will certainly be very large and a few years after this prohibition will definitely be reopened and legalized again, because back to what was previously there will be many people who will do it even if it becomes illegal.
and how to eradicate this will surely be as difficult as eradicating crime and drugs in the world.

- Indeed, many countries have noticed the volume of capitalization being pumped into the crypto market, too much attention and when the media has been talking too much about crypto, the government already knows this time is in need of restriction but compared to many other issues, crypto is only a temporary threat and needs temporary solutions. Many people in banned countries are still quite comfortable with computers and phones in accessing bitcoin, perhaps the consensus of the governments is still too long to be implemented

There are already some governments that prefer banning Bitcoin for this reason. China is the biggest example. They are afraid of the cryptocurrencies as they can cause yuan to devaluate too much. But for example, the USA is not doing such thing. It is also aware of this threat but it is working on this to prevent such thing from happening.

Or wouldn't really be implemented at all because no matter how hard they would try but still wont be enough if we do talk about banning it completely or getting rid of it.

We have seen lots of situations on where some governments in other countries which they do make out such banning and prohibition but what happened?

Most of the government is fully aware that they couldn't do such thing if turns out to be mainly support and due to technical factors then
some of them do give up with that common goal.

From the little experience am having I believe the government won't be able to ban bitcoin they way they banned gold, the only thing I believe the government can do is keep on crashing bitcoin price but u don't believe bitcoin can't be ban. People have been saying different things but I just believe all what they are saying is just to scare people government can't really do anything about bitcoin because the way bitcoin and cryptocurrency is currently I believe with time government won't have choice than to adopt it.

I think ban trading as a currency, they can't ban people from holding as an asset. In fact, many countries ban gold from being used for payments because it would put their national currency at risk.
Bitcoin has been recognized by many organizations and countries so they already have laws for cryptocurrencies. I'm not too worried about bans because they are temporary. Governments have to keep up with the trend because now institutional investors and people around the world are supporting Bitcoin.

I don't really know about other countries but me living in a democracy, am sure any democratic country will think many times before making such a move, specially when there's a large percentage of the population is using or trading the crypto that they want to ban and punish the holders for. But yeah, some countries, they can place bans on it by punishing with jail to anyone who's involved in it, and automatically a fear will create and many if not most people there would stop using it, but then again, the government would just be exposing to the world how bad they are even in 21st century!

This is a pretty good article here:

https://www.epsilontheory.com/in-praise-of-bitcoin/ (https://www.epsilontheory.com/in-praise-of-bitcoin/)

The problem is not banning bitcoin. They will only do everything to make it as traceable as usual transactions and then they will create more derivatives and dump it on wallstreet...Like they did with gold and silver. Then they have full control again, while some think Bitcoin means opting out or censorship resistance.

The only way to keep Bitcoin a free and censorship resistant money is to improve privacy further and setting standards when it comes to efficiency of mining facilities.

hello sir, yes i understand what you are asking, i think the government is too late to ban bitcoin at this time, because of the large pattern and circulation, it is likely that the government will let everything run as it is, bitcoin is currently in a larger development phase, everyone the program has also been updated, so the barrier will not be able to ban bitcoin because now bitcoin is growing faster and bigger

I don't think that they will be able to do it though, they don't have the enough resources especially the third world country to monitor evryone who uses bitcoin or cryptocurrency, the people will find a way to not get caught using it.

That's certainly true, mate. Banning Gold is easy because it exists in physical form. But that's not the case with Bitcoin these days. With nodes distributed across the globe, banning Bitcoin in its entirety may seem to be an impossible task. Governments are already noticing their efforts in trying to destroy Bitcoin are futile. They're forced to either join the game or be left behind in the dust. A Central Bank Digital Currency (CBDC) will give governments the leading edge, as they challenge Bitcoin's existence in the long term. While I don't think Bitcoin will disappear, its usage might be reduced to a minimum. After all, most people will experience the benefits of crypto/Blockchain tech via government-issued currency. Of course, this comes at a cost of centralization. But nobody cares about this as long as convenience/ease-of-use is put on top of everything else. With or without a ban, Bitcoin will thrive as sound money for everyone. Just my thoughts ;D

Pretty hard to ban it unless you are a country like North Korea.  Probably hard to get a VPN there :)  You could make it difficult to go from fiat to BTC, but don't see any way to do an outright ban.

Some governments already banned Bitcoin and China is one of them. But these actions won't end Bitcoin. Its news can just affect the price for some time. Then, things can continue like always. And I don't think that all the governments in the world will do this. Because I think that most of them are aware of how much extra power they have with cryptocurrencies.

yeah, they already taxed us, and its not a little number. and im not sure, government will thinking to give compensation, and they just what make them take a profit.


people will think to make the other way to access bitcoin, if it really make them rich. rather than to stop or ban, its more useful take the advantage of cryptocurrency

once Bitcoin is in the heads of 500 million people or more, then the government can't do anything about it
will the government stop the internet which is the only way to turn off daily Bitcoin transactions?

Banned Bitcoin is like catching the wind, it's completely impossible
right now all they can do is watch how the Bitcoin price in the market moves :D

They don't have to destroy every node. Of course, there will always be people running nodes, and there will be a sort of rebellion whatever the governments decide to do. However, they don't have to destroy every single node, they just have to make it hard to use the currency legally. That way, you would be risking possible prison sentences if you continue to use Bitcoin. Do I think this will become a reality? No, what I do think will happen is there will be tighter, and tighter regulations on Bitcoin, and the propaganda machine will keep on turning.

At the moment, Bitcoin isn't exactly a threat. Most governments are successfully taxing, and regulating Bitcoin. Bitcoin, isn't becoming the new way of managing your money, so banks aren't that scared. Of course, a lot of us are using Bitcoin that way, but the majority are treating Bitcoin as an investment due to the volatile nature of it.

I hope they learned that ban has no idea. If there is demand, there will always be supply.
Gold was banned but what? Didn't people had gold? There was alcohol banned in America but what? Weren't people drinking alcohol? There are drugs banned but what? Aren't people using them frequently?

And in a digital world, it's very hard to ban anything or have control on things. Simply, why ban bitcoin when you can regulate and tax it? It's a better and wiser option for the government and they are doing this.
And if they want to lessen the number of people who use bitcoin, they'll simply pay influencers a lot of money to do anti bitcoin or crypto propaganda and the highest percentage of people will immediately forget BTC/Crypto.

But to sum up, it simply won't happen!

They are absolutely corrupt and have greedy souls. They can easily manipulate the market as they are in full control of it but they can't do this for Bitcoin, they just fail. This the reason why they hated Bitcoin and ban this, but that is all they can do. People will find a way...and they can stop Bitcoin from spreading.
I just hope that the government will realize their doings, if they will ask people nicely to pay taxes for their Bitcoin, it can be possible but if they will remain harsh towards us, the more it creates misunderstanding.

Governments can ban gold but they cannot ban crypto because it exists, moves on blockchain and the internet. That's the second thing the government can't prevent.
One country banned the use of gold and cryptocurrencies as payment because it couldn't control them and was worried it would affect the value of the national currency. For major economies like the US, Europe has different regulations for adopting cryptocurrencies and the share of cryptocurrencies is small compared to their entire economies.

The fact is that governments (usually) ignore whatever they don’t understand. The same is true for Bitcoin. It can be viewed as money, but it does not fit into their normal categories.

Bitcoin is creating new countries of its own. As long as governments stay away, Bitcoin will grow.

I think if government really could ban bitcoin, they already did it long time ago. But nothing happen because the fact is government doesn't have any single authority to control bitcoin because it is decentralized digital currency. Maybe they can impose some laws and regulation about bitcoin and other digital currency but they can't ban it.

Maybe you are enhancing the privacy of the internet and the value of the blockchain network while government institutions are the administrators of these areas, they manage the provision and distribution of the online system to users, although there are always privacy rules but in cases of necessity with the government, they have access to those privacy. Gold can be hidden and not found but the internet is too easy to find traces of bitcoin users, they simply ignore the trivial things and make way for some growth

This is self explanatory. When the time comes and people would choose cryptocurrencies than fiat, the economical status of the country basing it in fiats and traditional finances will be different.

Yes, generally and technically people in the country could have more funds within their digi-wallets. But the numbers that will show on the statistics the government have will decrease as expected.

Well, I don't think government would ban it the same way as gold was banned. It's going to be different than that and more secured soon. Specially people today are more educated than before.

If it produces a lot of positive things from the advantages of bitcoin itself.. bitcoin will certainly get safe points for the government, but if it is the other way around and there are many negative things what happens from bitcoin itself.. maybe bitcoin will not last long and the longer the government will insist on banning it, hopefully it doesn't happen.

Governments dont have any access to ban decentralized and cryptograpic technology. In my country, government dont support cryptocurrencies for transaction goods and services, but they only support BTC and altcoins belong to commodities assets that only allow to trade and for the investment, just like Gold and Silver.

Even if 50 countries decide to ban Bitcoin it can still win. It would need almost the entire world to get rid of Bitcoin and even then Bitcoin isn't gone. How are you going to destroy it? The blockchain is out there on millions of computers. Another government could change their mind and boom you can just activate you wallet and there you go. You can't eradicate Bitcoin. You can only try to somehow make it difficult for people to use it, probably you can't even prevent them from getting it when there are decentralized exchanges involved.

A ban on bitcoin can't be enforced so it won't really destroy bitcoin. It would be the same as a government banning the internet... with this level of investment in bitcoin, no developed country will seriously consider doing so. What we have seen so far in the US indicates that an outright ban has long been out of the question. The SEC just released their plan for 2021 in the US and there is no mention of crypto. So we will likely get regulation down the line but even that not for a while.

Now some countries have begun to treat Bitcoin as legal currency, which shows that Bitcoin has been recognized by more and more people. Existence is reasonable, and the prohibition by a few governments cannot be comprehensive.

That's only part of the story to be honest. Even though it is cool to see that some countries are making the first step towards acknowledging Bitcoin as legal tender, you have to take into account that those are also countries which suffer from some form of hyperinflation anyway.

Doesnt really need to win as if this thing had never intent to replace fiat on the first place but rather been focusing on the new payment system on where centralization doesnt exist.We know that Bitcoin can never be accepted on every corners in the world but if we do try to look at on how far we had able to reach out then its really hard to ignore that we did really make out some progress which is totally great.They can make out some prohibitions or
bans and we had seen on how Bitcoin did respond on that and on the community which are engage into that.

I read a lot about bitcoin bans in several countries, like recently China banned bitcoin, it's true the price went down and there were also countries that legalized bitcoin and at that time the bitcoin price went up but I believe in bitcoin the future will be better and many people are happy with bitcoins. so when the bitcoin price goes down this is a good opportunity to buy bitcoin.

Bitcoin can still be banned in some countries either as an investment or its use as a currency. But until now bitcoin is still allowed to be traded widely, as an investment asset, and some countries have even legalized it as a legal currency. The government could probably ban it if they wanted to, but there was something they could think of that might be profitable, so they would just tighten and regulate it instead of having to ban it.

But if the government want to make it a centralized asset, then I'm sure they won't be able to. They can only manage it and hinder its use and adoption, but they cant create a centralized. About what is happening in China, maybe they think that bitcoin can destabilize the economy and can damage the environment from mining activities so the ban is a reason to ban it. This will also be the reason other countries if they want to ban it.

I think it's nearly impossible for the government to totally ban bitcoin. Bitcoin has already came so far. It has many user all over the globe. Many have been patronizing it since the day it was established. Even the big personalities are investing in bitcoin. That's how powerful it is at the present. I also don't think that government would ban it anytime in the future because they are also harvesting the benefits such as additional income taxes that is good for the economy. And if ever they will opt to ban bitcoin in their country, surely their people will keep on finding ways on how to access their account despite the strict regulations and policies imposed.

You see, the truth is, government can't control or manipulate cryptocurrencies growth. The more they keep on suppressing it, the more it will expand. No matter how hard they try to keep it away from being used by their citizens, it will be no use.

The Ban of Bitcoin is highly difficult as long as it's regulation is not attached to government or anyone, therefore more participation should be encouraged as there is little or no fear to trade on it

China attacks directly on mining operations, which are areas that contain too much physical equipment and most of these are large manufacturers, the chance to continue being able to evade is not high with the government's decisive action but this is also an opportunity to be opened with many other options, sometimes many countries will welcome this accession. Basically, this method of banning only affects miners directly, for other parts of crypto, it has absolutely no effect, this is something that has been announced for a long time, the government can only threaten

The government ban on bitcoin can still be done if the government want to do it. But if they wanted to, why didn't they do it in the first place and why should they do it now?

Bitcoin and exchange can be banned by the state if the government of a country find the tremendous impact of using it as an alternative currency in illegal acts such as money laundering of official that cant be prevented. But afaik,, KYC and AML have given the government the opportunity to take precaution while they are not banning the trade. I don't think the government will do it like they banned gold, if bitcoin is legalized then I'm sure people will use it like people use gold as a mean of payment.

Governments won't be able to "eradicate" Bitcoin. But they'll be able to restrict people's access to it. This is easy to achieve, considering that centralized exchanges dominate the crypto market. By preventing people from exchanging Fiat to BTC (and vice versa), governments will be able to put Bitcoin's mainstream adoption on the ground. Of course, the Blockchain will still be alive. But only a very small minority will use it, while the rest will carry on with Fiat. People will think twice before using Bitcoin as they could face fines or jail time. You'd have to move to a country that's friendly towards Bitcoin to prevent this. I wouldn't worry about a Bitcoin ban as long as there's a country that supports it. Just my thoughts ;D

Some Government actually placed a ban on Bitcoin in their country. For example, Nigeria Government banned Bitcoin in Nigeria. But Although, Nigerians still buy and sell Bitcoin through peer-2-peer, which means that Bitcoin can't be stopped. Without doubt, Bitcoin have a bright future, and is known through out the global.