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Author Topic: How likely is it that bitcoin goes illegal in other countries like china?  (Read 405 times)
Gontxi
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November 10, 2017, 06:44:15 AM
 #21

As we know nowadays everybody uses cryptocurrenies and specially Bitcoin in their trades and criminals too. China recently declares blockchain illegal in that country, How likely do you think is that other countries ban it?
If they start to ban it, what would be happen to bitcoin price?

I don't know what will happen, but you need to know. humans will never be separated from the advancement of the times and technology, this is the era of digital technology era. however, eventually, inevitably many countries will be involved in crypto.
Mehedi72
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November 10, 2017, 06:47:48 AM
 #22

I think that on: Today at 06:44:45 AM
nowadays many countries are banning bitcoin and  As my opinion,  due to  criminality are increasing more than before due to bitcoin cause supid people like them, use bitcoin for doing bad kind of work & activities and besides bitcoin  kill  income tax.  Thus a county face economical problem and so government  trying to provide it and they banned bitcoin to solve this problem but china actually banned icos, not bitcoin

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Pleione527
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November 10, 2017, 06:52:18 AM
 #23

If government will figure out that a lot of illegal activities were involve in bitcoin and other crypto currencies there might be a chance that bitcoin can permanently die or banned around the world. Right now I heard so many news about involvement of bitcoin to crimes and illegal transactions and we must get alarmed by this news. The risk of preventing bitcoin transactions can possibly happen anytime soon so we must be prepared by this.
coinplus
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November 12, 2017, 02:56:53 PM
 #24

If government will figure out that a lot of illegal activities were involve in bitcoin and other crypto currencies there might be a chance that bitcoin can permanently die or banned around the world. Right now I heard so many news about involvement of bitcoin to crimes and illegal transactions and we must get alarmed by this news. The risk of preventing bitcoin transactions can possibly happen anytime soon so we must be prepared by this.
Yes, due to increasing number of the crimes occurring around the world via the use of cryptocurrencies, this might be possible that the whole of money market would turn into the black business. Hence according to me the use of digital currencies must be controlled in anyway and the whole system should come under a strict check of the governmental authority. However, it is not possible as this is a digital asset with illegality and volatility as the basic characters.
kiloiko
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November 13, 2017, 02:44:03 PM
 #25

Now china revoked the ban on bitcoin. After ban by China, bitcoin down to 30% of its value and again gain all time high with in two weeks. it shows that ban does not effect to bitcoin. Other country may ban bitcoin because it is untraceable. But bitcoin will survive even after ban. 
Wow this is the good news and I am very happy that the bitcoin is getting more and better and the value of the bitcoin will be better than this I hope in the future all the countries like the china will change the world I can see how the bitcoin is increasing in the value and this I because of the increasing acceptance of the bitcoin as much as I know the bitcoin will increase and this will be the time when all the people will say the bitcoin is the number one.
audrey12
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November 13, 2017, 02:59:19 PM
 #26

Countries may decide to ban bitcoin if more illegal activities involving bitcoin will be discovered as of today majority of people who uses bitcoin is only for the purpose of getting additional income there are few of which are caught using bitcoin in their illegal transactions but the good things is many of them were caught and prevented.
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