BTC Ban

[shamzblueworld]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

[Dorky]

Governments won't ban bitcoin for long (India) when most of the top politicians, leaders and central bankers are working for the rothschilds, even though they absolutely can.

One by one, they will all adopt bitcoin. You will see.

[Sniper44]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

it can be very different with each government, in different countries the way of thinking is very different to other countries.
for example as we saw Japan is very open to technology and accepted bitcoin as a real currency in their country. but other places are still unclear about it.

the only place that i have heard beaned bitcoin is Bangladesh. and i am not sure about specifics of it.

[naughty1]

Bitcoin is a big virtual currency, it affects the economy of a country i suppose they ban bitcoin because they worry for their country, most countries ban bitcoin since it was just At that time, people have not noticed its effect, so they worry it will ruin the economy in their country. However, the opposite happened, bitcoin brings a great profit for everyone. Countries using free bitcoin always grow, though bitcoin has many bugs, but it has shown us its potential. So, it will not be permanently banned in countries, it's just a temporary rule, I believe that right.

[Xester]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

The government can ban bitcoins if it goes out of control. This would mean that it becomes a vector for money laundering and black market activities and has become a haven for criminals. But of course if in the beginning the government had set up rules and policies before the acceptance and adoption of BTC then it cannot be used in criminal activities. If in case the government will ban bitcoin it doesnt mean that people cannot hold bitcoins anymore but they cannot convert their btc to local currency or sell them in their neighborhood.

[mmo_online_1981]

Dear all!
I don''t think so, BTC very good at the moment

[ImHash]

It doesn't matter if the world governments ban bitcoin they already have their own legitimate reasons to do so anyways, what you can do however if faced any problem in a specific country there is always some options available for every one such as taking advantage of services like BitMixer to cover your tracks effectively in cheapest way possible and there will be people here in this forum to buy and sell bitcoin if everywhere else failed you.

[italianMiner72]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

i think it's very simple:
when the position revenues are touched, who detain this revenue start to fight.
Bitcoin could be devastating to the private banks and the credit card scheme...
if you want to check country by country, check here:
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

[btvGainer]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?

They can claim that bitcoin is used in illegal activities particularly by terrorist.

And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country,

They can get all the information of bitcoin users from exchanges and ask exchanges to shut down their business.

can they actually ban people from holding bitcoin?

Luckily the can't prevent anyone from holding bitcoin in offline wallets

[bamboylee]

Governments can ban bitcoin or make it illegal but there is no concrete way to actually stop us from using it. Maybe it will be harder for us to exchange it to fiat because exchanges will be shutdown but there are still other ways. They can never really stop this.

[daringdiscovered]

It is possible that the Goverment could ban bitcoin in some countries, in fact, in some countries, bitcoin was already banned, like in Russia, India, Iceland and so on. But still, since the bitcoin is anonymous, people in those countries are still using bitcoin. They just can't shut all of the bitcoin users just by banning it.

And banning people using bitcoin is impossible, because they don't know those individuals who are using bitcoin, because it is decentralize and anonymous, that is why.

[mastermold]

In "democratic" countries government can do the following:

Regulate bitcoin.

Require exchanges in the country to follow the Know Your Customer rules.

Legislate unfavorable taxations laws - taxing it like commodity instead of currency.

Require to follow expensive procedure to open exchange - like New York license.

Create massive propaganda in mainstream media by claiming that it is used for money laundering, black market and by ISIS.

In non democratic countries:

Make it illegal to open a bitcoin exchange. 

Try to actively track bitcoin transactions and locate the state citizens involved in bitcoin transactions and prosecute them.

Off course all of these can backfire. In democratic countries - by switching bitcoin activity to more tolerant countries and thus letting them to enjoy the huge competitive advantage from allowing bitcoin related technology to develop freely.

In non democratic countries - by adding incentives for bitcoin to evolve and become even more oppression resistant. Also in those countries - whatever the government fights - immediately becomes something that everybody assume is good to have.

Those techniques cannot stop bitcoin and will fail miserably. Even if this was a global attempt to ban bitcoin - it would only slow down the adoption rate and force bitcoin to evolve even more rapidly.

Bitcoin is information - it cannot be banned. Once people realize it is possible - it cannot be undone.

[xuan87]

If the government found out that many people using bitcoin for purchasing illegal things or doing illegal transaction then the government has the right to ban the coin, when too many people using bitcoin and not paying tax the government will surely find a way to ban bitcoin, bitcoin is giving advantage for the user not for the country

[ahmedjamal1998]

Yes any government can ban bitcoins by simple saying that it's used in supporting terrorism.
Therefore, a lot of exchanges will be shut down and it'd just be harder and "illegal" to change it to fiat.

But I guess for holding the coins they can't do much if you mix them in a bitmixer and save them in an offline paper wallet.
Let's hope that more countries start officially accepting them as Japan did.

[ahmedjamal1998]

If the government found out that many people using bitcoin for purchasing illegal things or doing illegal transaction then the government has the right to ban the coin,

Fiat money is used for the exact same thing, do they ban money ? That's not a reason I guess

when too many people using bitcoin and not paying tax the government will surely find a way to ban bitcoin, bitcoin is giving advantage for the user not for the country

That's true though.

[jc89]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

A government can ban bitcoin if they saw any threat to their economy because of bitcoin. We cannot really say the exact reason because each government of different countries have their own laws. If they find it (bitcoin) unconstitutional or whatever, they may ban bitcoin in their territories. When they ban bitcoin, they will not accept any transactions via bitcoin or using bitcoin, they cannot actually ban people from holding any bitcoin since they cannot monitor every citizen of their country.

[7788bitcoin]

All people deserve internet freedom, and banning bitcoin at this point of time is almost equal to banning internet freedom.

[jc89]

If the government found out that many people using bitcoin for purchasing illegal things or doing illegal transaction then the government has the right to ban the coin,

Fiat money is used for the exact same thing, do they ban money ? That's not a reason I guess

I also think that using bitcoin to purchase illegal goods or using bitcoin to support any illegal activities  is not a reason to ban bitcoin. Bitcoin is a digital currency and no one can  control people on how they will use it. Using bitcoin for illegal acts does not make bitcoin illegal. Let us take note that bitcoin is also used for good things such as for donations or alike, this, however, does not make bit[Suspicious link removed]d as well, it is in the middle, neutral. Bitcoin will not be treated illegal based from how we use it.

when too many people using bitcoin and not paying tax the government will surely find a way to ban bitcoin, bitcoin is giving advantage for the user not for the country

That's true though.

Surely the government will not ban bitcoin automatically just because of this, they may implement tax for the transactions using bitcoin first. The government will not take the last resort first, regulating bitcoin will also help. Though I agree that this is true but I do not think that they will use this as a reason to ban bitcoin in their country.

[mindrust]

What will cause a government to ban bitcoin in the country? In what circumstances will that be justified by the government?
And how can government actually ban bitcoin? I mean they can ban people selling or buying stuff with bitcoin in the country, can they actually ban people from holding bitcoin?

They can ban bitcoin indeed. You will still be able to use bitcoin if they ban it but they will make life very hard for you, especially if you are holding many bitcoins.

People will with many bitcoins can survive for quite a time but sooner or later they'll be needing cash and banks are the only safe exit unless they're not blocked by the the gov.

When you won't be able to use banks, you'll be using local traders and that'll bring you a lot of mess to deal with. Firstly, you can get robbed. Secondly, the people you are dealing with might be cops. And whenever you need cash you'll have to take those risks. Simply not worth it.

Long story short, Govs can easily make your life miserable if they wanted it. Bitcoin is good but it won't make you invincible.

[jc89]

All people deserve internet freedom, and banning bitcoin at this point of time is almost equal to banning internet freedom.

Well I think they will not ban bitcoin without a just reason. And freedom does not mean do anything, it comes with limitations and responsibility.