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Author Topic: Will Bitcoin get banned ?? Will it happen.  (Read 865 times)
charmaine08
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November 29, 2017, 12:38:30 PM
 #41

Many might already have read about this in the past one week.

One of my friend who works at one of the bitcoin BTC company in india has confirmed to me that he has indeed heard his exec manager talking about an official notice which government has sent out to them to submit the details of business after which there is tensed atmosphere in office.

I however have not been able to confirm if this was a full ban notice or an audit notice from government.

What do you think about it. ??


https://inc42.com/buzz/cryptocurrency-bitcoin-india-cme-group/

 I think it will not happen , people are investing on bitcoin ad it is famous all over the world even it is not legal on some places but bitcoin is continuously being famous .I don't think it will gonna be banned .

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Brunusmagnus
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November 29, 2017, 01:17:35 PM
 #42

Governements are waking up, and they will try everything to stop bitcoin.
But I think it will be practically impossible

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November 29, 2017, 01:36:28 PM
 #43

Governements are waking up, and they will try everything to stop bitcoin.
But I think it will be practically impossible

Well, may be bitcoin will be banned in shops (i.e. in Ecuador).
But I don't see how it will possible to stopping it online
Bestly
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December 02, 2017, 10:42:12 AM
 #44

I don't see banning of bitcoin becoming a reality.
They may try, especially in my country, CBN kind of isn't speaking well about bitcoin. But it is evident that it is beyond their reach to close it down.
This act in itself will almost present any government seeking that done as anti-people.
Can internet be stopped?
What of the other useful applications that became born as part of blockchain technology? 
What will become of companies which have invested heavily into cryptocurrency currencies by big investors? Won't they fight back?
These and other questions can lead us to some useful conclusion.
The possibility of banning it is next to nought.

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December 02, 2017, 03:13:30 PM
 #45

Governements are waking up, and they will try everything to stop bitcoin.
But I think it will be practically impossible

Well, may be bitcoin will be banned in shops (i.e. in Ecuador).
But I don't see how it will possible to stopping it online

No. The longer this goes on, the more popular and stronger bitcoin gets. And government won't be able to quell the demand for btc ao banning it i think will be out of the question for countries that have a huge bitcoin following

hubinator
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December 02, 2017, 03:21:46 PM
 #46

Governments don't like bitcoin, cause they don't have any control of it. If banks will adopt blockchain in their infrastructure, than there is a high chance that they will try to limit influence bitcoin and introduce thier own national or international currency.
Even if they will try to reduce usage of it, they is no way of ban totally bitcoin. There is no law that allows to do that (yet ...).
WhaleHunter
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December 02, 2017, 04:31:36 PM
 #47

It is solo difficult technically to ban something which happens inside the computer of a person...what they can ban are eschanges or big mining facilities.

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December 03, 2017, 02:16:36 AM
 #48

it's been a lot of issues related to banning of bitcoin and some countries do not approve bitcoin as an investment but who cares as long as we spend personal money for bitcoin investment will keep running. bitcoin runs because of us as bounty hunters and investors to increase the value of bitcoin in the eyes of the world

overnight03
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December 03, 2017, 06:26:28 AM
 #49

There are still many countries banned bitcoin because they think bitcoin will harm their country.
It will be difficult for investors

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December 03, 2017, 08:06:21 PM
 #50

Please note that at the beginning there was a strong reaction against internet, as something that could harm national security....

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January 06, 2018, 01:41:35 AM
 #51

well I don't think Bitcoin will get banned maybe that was just as threat from the bank because they knew Bitcoin getting widely known in some places like India.. you know business competitor they were afraid they would lose client that's why they made that action, but as for banning bitcoin that never happen because many are now getting interested to invest and save in it, not only they will think will profit them more but it safer than in the bank.
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January 06, 2018, 02:32:38 AM
 #52

I wonder either, when I discovered the update about that, and presently I have got to understand that some bitcoin forum has been blocked, its not sounding funny. I hope it be rectified soon anyway.if this is a treath from the governments at the leading countries of bitcoin I guess with tax payment it should be solved.

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January 06, 2018, 02:34:59 AM
 #53

I wonder either, when I discovered the update about that, and presently I have got to understand that some bitcoin forum has been blocked, its not sounding funny. I hope it be rectified soon anyway.if this is a treath from the governments at the leading countries of bitcoin I guess with tax payment it should be solved.

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ParallelSquid
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January 06, 2018, 02:37:12 AM
 #54

Yes, for sure the government can do anything. They can ban bitcoin, in fact some of the countries in the world did it. China banned their people using cryptocurrency, but I don't think people can be stopped.
shaun98
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January 06, 2018, 09:53:59 AM
 #55

Don't think it will be full on ban, probably just new regulations introduced to the crypto space, as governments like keeping control over everything.

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January 06, 2018, 10:04:45 AM
 #56

I think there will be a crisis in the world. But want to ban btc too hard
Pali
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January 06, 2018, 10:27:30 AM
 #57

No the entire crypto currency will get more regulated instead.
theborngeek
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January 06, 2018, 03:28:20 PM
 #58

It definitely cannot be stopped, but looking at how the government in India is calling Bitcoin a Ponzi while giving clear chit to companies like Qnet. It might get banned.

But can it be stopped, definitely not. Something on internet cannot be stopped.
LuckySarah
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January 06, 2018, 04:16:34 PM
 #59

Please note that at the beginning there was a strong reaction against internet, as something that could harm national security....

The same reaction was to the computers, television and even books! So it's natural that people doesn't like something innovative.

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January 06, 2018, 04:55:37 PM
 #60

you imagine how much money is invested there and how furious will people be if this happens? I hope that this is not possible


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