government and bitcoins banning

[Wipro]

already china has banned bitcoins is there any chance that other countries may ban bitcoins?

First of all, China never imposed a ban on Bitcoin. It was a temporary shutdown of the ICO which will also resume shortly now after some regulations in the rules. Second there are very less chances that a ban is imposed upon Bitcoin because countries are bringing their own virtual currencies. And without Bitcoin it will be hard to survive as Bitcoin being the center of trading is an essential component in trading and alt coins market value.

Hey how about the trading site bans in bitcoin. North Korea is the country done what you said. They stopped ICO investment alone in their country but Chinese bans ths bitcoin completely. If that is opened again then all btc investors will be happy and don't switch to different country to invest.
Trading is the necessary till the bitcoin been legal to use after you use it normally everywhere.

[Paecga129]

Different governments are going to be trying different things while they adapt to the new age of finance that Bitcoin is ushering it. It will be wise for them to buy and hold.

[btcbrother]

These bans are not likely to last long. Just until the government learns more about cryptocurrency, how it works and why it is good.

[xiboothrezi]

Sure, china is a big and influential country, so it is very big chances if many other countries follow in China's footsteps. but, other big countries like japan are legalizing bitcoin. so, depending on the policies of each country.

[soulripper]

the government are scared due to high activity lately on ICOs collecting money with unknown purpose for god sake it can be use to fund terrorist that why government banned ICOs because the security of nation is o the line. ICOs can be made for a goo and bad not all gonna be good as what we can see.

[ElaineGanda]

already china has banned bitcoins is there any chance that other countries may ban bitcoins?

Sad to say but some of the country, there government treat crypto currency as a threat to them. They believe that if the crypto currency will become regulated and legal to their country, it will manipulate the currency. They are afraid when that time will come, they do not have any power to control it.

[btcprospecter]

Governments will ban cryptos if they cannot control them its alot of money they have lost control over and are scared where it could lead them. The plus side is that there are governments that are embracing bitcoin and other crypto currencies.

[Rossy Akbar]

Well, the Bank of Indonesia also had said that bitcoin is an invalid currency, but we as a bitcoiners had never care and never think to much about it. As long as we're not make some crime with it. So just go ahead.

[ThunderCatSteve]

Government can not successfully stop the existence of bitcoin since is was developed as a global entity which can not be easily control by an individual or government. controlling bitcoin by government is like trying to control everything that will happen in the internet. So relax, banning of bitcoin in china will not have a lasting effect, people in the blockchain technology world will fine a way out.

In my opinion, the effects of banning by China are already over.

[teilwalL05]

Government can not successfully stop the existence of bitcoin since is was developed as a global entity which can not be easily control by an individual or government. controlling bitcoin by government is like trying to control everything that will happen in the internet. So relax, banning of bitcoin in china will not have a lasting effect, people in the blockchain technology world will fine a way out.

In my opinion, the effects of banning by China are already over. Bitcoin has started to make a progress again and this time it has more people trusting in it. You are right about the control over bitcoin or even altcoins that no one can stop them because they all are decentralized in nature. Internet is not one person's property that is why nobody has been ever able to hack it. Ultimately, everyone will accept bitcoin.

Bitcoin is really decentralized and has not own by a single person that is why nobody can hack the system of bitcoin but a web wallet that stores bitcoin can be hack by hackers if they can tap into it's system that is why there are Ransomware that randomly victimizing anyone that has a huge amount of bitcoin.

[Tashi]

i think there are lots of untruths circulating around regarding china, bitcoin and exchanges. I was of the knowledge that china issued a temporary ban on exchanges and now they will have to apply a license to operate. so i would imagine a bitcoin ban would be related to the exchanges. why would china ban bitcoin when we see the likes of japan and australia and south-korea moving positively for bitcoin? so much panic at the moment

China only banned the exchange of Bitcoin, for I know it was just temporary, just think, if a country want to compete when it comes to innovation and economical progress, why would they ban something that moves them positively? Also, there are rumors that they are planning to have a cryptocurrency of their own, let's just get some more news and updates regarding about China and Bitcoin.

[Indrawan77]

China doesn't banned bitcoin but want to legalize and make regulation for the exchanger, and it is possible for any country to banned bitcoin

If you see the government point of view, bitcoin doesn't give any positive things, the income tax decreasing the purchasing of illegal things become harder to track, but bitcoin maybe can become the future currency because the usage is keep on increasing

[moinul018]

"Which country will ban bitcoin next ?" I think it is not the right question. Any government probably ban cryptocurrencies if they cannot regulate it by some means. However, legalization of credible cryptocurrencies are inevitable. Its just a matter of time.

[geopolisch]

i don't hope that the other country will following china to banned but i think chinese government is not banning bitcoin and they will realize that banning bitcoin is impossible because now there is many new technology which will allow people to still use bitcoin. and no matter if the government banning bitcoin, as long as there is internet connection and vpn, i am sure that people can use bitcoin again.

The china will regret its decision for banning bitcoin in their country because it is a complete loss for them to not accept bitcoin anymore as a great cryptocurrency. Bitcoin and other cryptocurrencies has a lot of potential compare to the current money that they are using and banning it is such a wrong and worst decision for a country to make.

China did wrong to itself and they will know this in future that they will suffer due to this decision bitcoin is second name of bringing business into the region and they kicked this out they will surely regret when they see themselves lagging into the field of development and then they will ask for rejoin and bitcoin is not depending on any region it is independent of all.

[Qunenin]

already china has banned bitcoins is there any chance that other countries may ban bitcoins?

Look around you, no one is banning anything.....there is nothing but a bunch of people acting on wrong information. It makes it great on the trade sites, but bad in here. Hard for the people with real and good questions to be found inside the mess of those that are trying to act on or confirm information that is not even real. We need to stop following and playing games around here and get with the real program and real information.

[btc78]

already china has banned bitcoins is there any chance that other countries may ban bitcoins?

why bothered of china goverment banning bitcoin when china cant control the bitcoin world.and besides i think they had just its plan how to manage bitcoin in their country.we must not be affected of that issue coz the bitcoin economy can live without some countries banning it..still majority of the countries believe that bitcoin is helping their economy to grow

[Restmand]

already china has banned bitcoins is there any chance that other countries may ban bitcoins?

Now china declared the banning of bitcoin and we know that china have an big part to the bitcoin economy. But china don't control the bitcoin so don't panic they only a member of bitcoin i think they banned it for their own reason maybe for the sake of their economy or maybe the other reason. In my mind the next country that banning the bitcoin i think the alliance of china.

[Titanos]

China never banned Bitcoin. China just banned ico's. I hope they ban only scam ico's and exchanges.

[sonicwave]

Perhaps some countries will also prohibit bitcoin when they see that they can not control it, but I'm not sure that they will do it. Rather, the authorities legalize bitcoin to develop the economy.

[nydiacaskey01]

I am still optimistic about the news of Russia's plan on ban of Bitcoin and Cryptocurrency but if President Putins word is final and executor then it is possible that this decision will influence other countries to follow in ban of Bitcoin and Cryptocurrency. While it is true that Bitcoin and Cryptocurrency can be used by terrorist, so does fiat and its been in use since the beginning.