Why hasn't any government stopped Bitcoin?

[Sithara007]

The government hasn't banned Bitcoins because they are not capable of doing that. In order to ban the possession of Bitcoins, they need to shut down the entire internet (even then they will not be able to confiscate the coins from Bitcoin users). That is why intelligent governments (such as those in Japan) legalized Bitcoin.

[sukamasoto]

The government hasn't banned Bitcoins because they are not capable of doing that. In order to ban the possession of Bitcoins, they need to shut down the entire internet ...

It's not how it's work , government able to make regulation that people must obey.
My government said that on 2018, they will make a firm regulation for bitcoin because they afraid that bitcoin will be use for criminal activity such like money laundry,corruption,etc

[skarais]

The government hasn't banned Bitcoins because they are not capable of doing that. In order to ban the possession of Bitcoins, they need to shut down the entire internet (even then they will not be able to confiscate the coins from Bitcoin users). That is why intelligent governments (such as those in Japan) legalized Bitcoin.

although the legality of bitcoin in my country isn't yet official but so far there is no government ban on use of bitcoin, and in my opinion the government can't stop bitcoin activity easily except to disconnect internet connection and it seems that it is impossible because internet usage is needed to help various business activities or other financial transactions.

[Coffee135]

The government hasn't banned Bitcoins because they are not capable of doing that. In order to ban the possession of Bitcoins, they need to shut down the entire internet (even then they will not be able to confiscate the coins from Bitcoin users). That is why intelligent governments (such as those in Japan) legalized Bitcoin.

although the legality of bitcoin in my country isn't yet official but so far there is no government ban on use of bitcoin, and in my opinion the government can't stop bitcoin activity easily except to disconnect internet connection and it seems that it is impossible because internet usage is needed to help various business activities or other financial transactions.

Physically governments can't stop bitcoin. They are powerless. But they can go the other way. They may prohibit banks to participate in transactions on the exchange of bitcoins for Fiat. Also the ban will also apply to the crediting of funds to cards from online exchanges. This can significantly reduce the demand for bitcoin.

[Fatunad]

The government hasn't banned Bitcoins because they are not capable of doing that. In order to ban the possession of Bitcoins, they need to shut down the entire internet (even then they will not be able to confiscate the coins from Bitcoin users). That is why intelligent governments (such as those in Japan) legalized Bitcoin.

although the legality of bitcoin in my country isn't yet official but so far there is no government ban on use of bitcoin, and in my opinion the government can't stop bitcoin activity easily except to disconnect internet connection and it seems that it is impossible because internet usage is needed to help various business activities or other financial transactions.

Physically governments can't stop bitcoin. They are powerless. But they can go the other way. They may prohibit banks to participate in transactions on the exchange of bitcoins for Fiat. Also the ban will also apply to the crediting of funds to cards from online exchanges. This can significantly reduce the demand for bitcoin.

This thing is possible for it to be implemented but how sure they are that those transactions are just being used to bitcoin? How they would differentiate a certain transactions either on legal or crypto engagement? For sure lots of things would be affected on such changes because not all the times we can assume that every transactions are engaging into crypto.

[mervs003]

It depends on the country's government if they will ban the bitcoin. But most of the illegal transactions are on bitcoin I guess.

[biskitop]

Maybe the government is re-thinking to stop bitcoin. The government should evaluate the impact of closing the bitcoin. Whether it will be profitable, or it will get worse.

[carelessboy]

bitcoin is virtual money.and government not control the virtual money and volume. so i think government can not stop bitcoin.bitcoin stop never easy.

[onrise]

Bitcoin Never Stop. Then Government can not stop bitcoin because there don't have any control of bitcoin. Recently India give permission to bitcoin. from there bitcoin never stop and it will be usable every ware and every country.

I strongly agreed with you
 Bitcoin never stop. It is impossible to stop bitcoin. Government  can not stop bitcoin because there really don't have any control of bitcoin. At present many country give permission to bitcoin.

Just to correct you, government has control to stop and ban completely the cypto currencies in any country. They can easily block all such website and have stringent laws if any found using this inspite the ban. So people will differ using this since it is not supported by their government.

[stomachgrowls]

Bitcoin Never Stop. Then Government can not stop bitcoin because there don't have any control of bitcoin. Recently India give permission to bitcoin. from there bitcoin never stop and it will be usable every ware and every country.

I strongly agreed with you
 Bitcoin never stop. It is impossible to stop bitcoin. Government  can not stop bitcoin because there really don't have any control of bitcoin. At present many country give permission to bitcoin.

Just to correct you, government has control to stop and ban completely the cypto currencies in any country. They can easily block all such website and have stringent laws if any found using this inspite the ban. So people will differ using this since it is not supported by their government.

Not totally because even government would strictly impose such new law regarding on blocking bitcoin by means of those websites it cant really be fully stopped since people can still make use of VPN which means total blocking would be senseless if people decide to make use of it but they should really be careful and do know the risk on what they are doing because once caught then for sure you would end up in prison.

[rhamzter]

Bitcoin Never Stop. Then Government can not stop bitcoin because there don't have any control of bitcoin. Recently India give permission to bitcoin. from there bitcoin never stop and it will be usable every ware and every country.

I strongly agreed with you
 Bitcoin never stop. It is impossible to stop bitcoin. Government  can not stop bitcoin because there really don't have any control of bitcoin. At present many country give permission to bitcoin.

Just to correct you, government has control to stop and ban completely the cypto currencies in any country. They can easily block all such website and have stringent laws if any found using this inspite the ban. So people will differ using this since it is not supported by their government.

Yes it is true, government have an access to deactivate the sites in the internet, but it is not happen if there's no any malicious or suspicious transactions happen using internet. In our country bitcoin is not totally legal, but thru following with the rules and regulations they can't banned crypto currency. Also bitcoin in our country was not used for some serious cases of crime like human trafficking, hostage for ransom or illegal buying of drugs. Because I'm sure that if it is happen automatically crypto currencies in this country will banned for lifetime.

[JRDuran]

Although government earn nothing from bitcoin this I think would not worthy to be a reasonable one to stop it. Government still concern to its own community and bitcoin is helping it so why would the government stop bitcoin if it is a big help. 

[marielbeckham]

Firstly, it just can't do that. And, secondly, it is suposed that the government does not consider Bitcoin to be an immense threat. It may even see some benefits here as this cryptocurrency can work in everybody's particular interests.

[dokie987]

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

Some governments stopped and banned bitcoin in their country and some also continue and acknowledges it also because they may have another good views in bitcoin for the good of their government.

[carlfebz2]

Bitcoin will not be stop by any government it's because of it's anonymity, bitcoin is like a good virus/malware that cannot be appreciated by government. russia , China, and any other country cannot fully erase bitcoin.   If internet network exist then bitcoin will never stop existing and insisting to any protocols. Government will just waste their time trying their best to make bitcoin dissolved.

Its really possible for it to be stopped but would really require super quantum computers which we do know that it isn't available as of now and it would still take time for it to be invented which means bitcoin would able to still exist for longer years as of now.Government cant really do nothing on its existence and it cant be stopped this is why they do only impose laws on their vicinity regarding on the prohibition of using it but totally shutting it down it isn't possible.

You are wrong. In order to destroy bitcoin simply to strengthen governmental control over Fiat money. This is the weakest link in the chain of bitcoin. Now, there are no conditions to bitcoin existed independently. Every user is compelled to exchange their coins for Fiat. If banks are banned from such transactions then bitcoin will lose popularity.

Its possible but this thing would really takes time for sure. Government can really impose those things on having a very very strict when it comes to their own fiat money but come to think off that people can easily convert those coins into another country which don't have much restrictions into crypto which means they can still convert into fiat indirectly without being noticed by its government itself. This is the fact that there were almost government do ban or prohibits bitcoin but there are still numbers who hadn't this kind of decision.

[Killa_Killchan]

They themselves are engaged in the mining of crypto-currency, so do not prohibit it. For people, you can adjust the tax as in Russia there will soon be a law, and the officials will be considered a "gift" to candidates and not be taxed! Clowns.

[Flor1982]

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

You can't say all nations agree with bitcoin. It is true some nations now did realized the potential of bitcoin as a very useful tool to help their economy grows that is why they adopt and legalized it as long they have it regulated but not at all because still some nations are still against bitcoin in which they stopped the use of it with penalties and punishment because they only see the negative side of it.

[MCVXYZ]

The main challenge about regulations is to keep the balance,On one hand In financial services field - Promoting innovations and On the other hand - Protection against these innovations for illegal purposes and the answer is: Is it possible to use it for illegal activities? I always answer no,At least not as in fiat currency is,Because this is available for investigative bodies to  investigate cases where users commit a crime by bitcoin and thats why goverments have not stopped bitcoin,In additional,The most important are Human rights wich are directly related to this situation.

[Rupok]

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

I think that initially the government was wrong in assessing bitcoin, now in fact they are beginning to legalize the bitcoin that leads them to have to revise the laws they have made earlier to oppose the legality of bitcoin. In the next few years there will be some countries that will follow in their footsteps, I believe this will be a challenge for countries that still underestimate bitcoin.

I will agree with you.
If the government wanted to stopped Bitcoin,why did not the government stop it long ago.But now why the government seems to have stopped Bitcoin. So it is understood that there was some mistake of the government. I think the government will accept Bitcoin, because now Bitcoin popularity is much more has gone to the stage.Now if you do not want to go Bitcoin can be stopped.

[Koadharber]

At the early stages Russia ruled it as illegal, China outlawed all withdrawals and some other country also spoke against it. But now everything seem to be smoothing up at least on the government side. Surely Bitcoin must be seen as challenging their authority. Is there something I am failing to see? All it would take is a 51% attack or a new law.

I think that initially the government was wrong in assessing bitcoin, now in fact they are beginning to legalize the bitcoin that leads them to have to revise the laws they have made earlier to oppose the legality of bitcoin. In the next few years there will be some countries that will follow in their footsteps, I believe this will be a challenge for countries that still underestimate bitcoin.

I will agree with you.
If the government wanted to stopped Bitcoin,why did not the government stop it long ago.But now why the government seems to have stopped Bitcoin. So it is understood that there was some mistake of the government. I think the government will accept Bitcoin, because now Bitcoin popularity is much more has gone to the stage.Now if you do not want to go Bitcoin can be stopped.

Government can really make such actions if they do want to but knowing that some of them would really recognize bitcoin or any other crypto because they can able to see that they can impose taxes on it which would really be a beneficial thing for them thats why they decide up not to put up too strict or complete block on it.Its not actually a mistake but i do believe that they do have the motive of something behind.