Goverments to go AGAINST Bitcoin

[GeorgeEden]

Is there any chance goverments to go against bitcoin if they see its something against them??

[Flexystar]

Some countries governments may go AGAINST Bitcoin considering the loss of taxation, threat to the governance loosing hold on the country.
May be criminal activities using bitcoins can not be detected due to decentralisation and a law and order of the countries can be affected.
Since every technology has pros and cons like that way different countries may face different challenges to make it legal so can go against it.

[GeorgeEden]

Some countries governments may go AGAINST Bitcoin considering the loss of taxation, threat to the governance loosing hold on the country.
May be criminal activities using bitcoins can not be detected due to decentralisation and a law and order of the countries can be affected.
Since every technology has pros and cons like that way different countries may face different challenges to make it legal so can go against it.

So if a goverment goes against bitcoin in a specific play and some1 uses it that means he might face the justice right?

[Matthewmorris4]

I think the government will not against bitcoin
even, there is the possibility of the government to support it, because if they resist, they have a narrow mindset

Bitcoin change people economy while government can't

[soham]

Is there any chance goverments to go against bitcoin if they see its something against them??

Most likely yes! Government will not support bitcoin directly because it is against their centralization policy. Government wants to control every kind of money circulation in their country. However, bitcoin is against that idea of centralization. So this is against the government policy. Bitcoin circulation can't be controlled by any government which is again against their idea. So it is least likely a government will support bitcoin. Not every government is progressive like Japan.

[rudox]

Government will definitely fight Bicoin because of the decentralized  nature of Bitcoin. Anything that the government will not control they will fight against it. Government are losing taxes in all the transaction that involves bitcoin and they do not like it.

[GeorgeEden]

Is there any chance goverments to go against bitcoin if they see its something against them??

Most likely yes! Government will not support bitcoin directly because it is against their centralization policy. Government wants to control every kind of money circulation in their country. However, bitcoin is against that idea of centralization. So this is against the government policy. Bitcoin circulation can't be controlled by any government which is again against their idea. So it is least likely a government will support bitcoin. Not every government is progressive like Japan.

Now that im thinking about that. What about drug lords? Its something against them. If like in 20-30 years Printed money are not existed. And everything is digital. Then i guess they wont be able to exchange drugs and money. The only they gonna do it its like ex change based on value. like 1kg cocaine for a car.(example)

[MakeMoneyBtc]

Is there any chance goverments to go against bitcoin if they see its something against them??

I dont think governments really want to go against bitcoin, maybe only if they would want to create their own cryptocurrency so they would have to destroy bitcoin or get it to a low price. But this would be pretty hard for them because it is not easy to create a good cryptocurrency that has more advantages than bitcoin and also it is hard to take down bitcoin.

Governments can apply taxes for persons who use bitcoin and wouldn't have to worry about creating another cryptocurrency and also taking care of bitcoin. By doing this they would get a pretty big profit because thousands of people use bitcoin and they would all pay taxes.

If they would really want of course they can destroy bitcoin becauss governments have all the power and they can do anything. A simple official law from a single big government like China would be enough to take bitcoin price to half of its value. Think if all governments would accept this law. Then bitcoin would have no value.

[aso118]

Is there any chance goverments to go against bitcoin if they see its something against them??

This is not just possible, but inevitable in countries with autocratic governments. Governments which have total control, with no time for niceties such as freedom of the people, will hate being unable to control Bitcoin. At some point, they will begin a crackdown.

[Reid]

A high percentage to go against it and it is already happening.
Banning them in their countries which i dont know what deeper reasons could there be.

Keeping our privacy is what we aee dealing here and they dont want that. Government ID's and other registration stuffs proves it.
They want to tax you to every income you will get and if they cannot get anything from you then you can go to jail.

[bozo333]

Is there any chance goverments to go against bitcoin if they see its something against them??

Most likely yes! Government will not support bitcoin directly because it is against their centralization policy. Government wants to control every kind of money circulation in their country. However, bitcoin is against that idea of centralization. So this is against the government policy. Bitcoin circulation can't be controlled by any government which is again against their idea. So it is least likely a government will support bitcoin. Not every government is progressive like Japan.

Yes most of the country will not accept the legal way. It good helpful for the future growth and it will gather information. But some country accept the bitcoin legal way. So it good opportunity for the future growth. Bitcoin is become a future currency. So bitcoin will helpful to future improvement and investment. people growth is country growth so bitcoin will helpful for the future life change.

[Oulay]

Is there any chance goverments to go against bitcoin if they see its something against them??

Yes, a government may go against bitcoin if they see it bad for them.. Governments usually like to control money circulation in their countries, other reasons may be using bitcoin for crimes because it's much harder to trace than fiat money

So if a goverment goes against bitcoin in a specific play and some1 uses it that means he might face the justice right?

Of course, if your government bans bitcoin you will be punished if you use it.
Anyway, few countries ban bitcoin atm so I don't think you should worry about it unless you're living in one of those countries.

Now that im thinking about that. What about drug lords? Its something against them. If like in 20-30 years Printed money are not existed. And everything is digital. Then i guess they wont be able to exchange drugs and money. The only they gonna do it its like ex change based on value. like 1kg cocaine for a car.(example)

If bitcoin ever replace fiat (printed) money they will be able to exchange it easily using smartphones, so this won't be a problem.

[Rina_rins]

Is there any chance goverments to go against bitcoin if they see its something against them??

I think it is very likely that the government will fight bitcoin if their people overdo it using bitcoin, thus lowering the price of their country's currency

[quoc01663916422]

Many governments in countries that are against bitcoins because they consider bitcoin to be very risky and view it as risky they think bitcoin economic change is impossible.

[Weaklies]

Government will definitely fight Bicoin because of the decentralized  nature of Bitcoin. Anything that the government will not control they will fight against it. Government are losing taxes in all the transaction that involves bitcoin and they do not like it.

.

Yes you talk right because bitcoin currency will not any tax give government. All government want to tax all works. If any person  will not given tax so it is illegal.. Then the government wants to take action against those people.

[buxlover]

Is there any chance goverments to go against bitcoin if they see its something against them??

There is 50-50% chances according to me because there are many countries which are wiling to accept the bitcoin while there are few of the countries which are against it already. Now why country to country acceptance is important? Because the reason is simple, the global economy of bitcoin is due to all countries investment into bitcoin or blockchain more specifically. If countries starts loosing the blockchain then we will loose the market.

Alos, few government mayn't be able to support the thing as we will need money to be flown form all over the globe for its complete redistribution. If that doesn't happen then supportive government will go against the bitcoin. There won't be another chance and hence unity of each and everyone is very important here.

[Slow death]

Is there any chance goverments to go against bitcoin if they see its something against them??

always be careful with governments, you never know the ideas of a political party


" Bangladesh

In a statement the Central Bank of Bangladesh cited concerns over bitcoin’s lack of “a central payment system” which could lead to people being “financially harmed”. It invoked the provisions of the Foreign Currency Control Act of 1947 and the Money Laundering Control Act of 2012. Then, added that trading in bitcoin and other digital currencies could lead to a punishment of up to 12 years in prison. "

" Bolivia

The central bank of Bolivia, El Banco Central de Bolivia said in a statement:

“It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.”  "

" China

It is a common misconception that bitcoin and digital currency are totally banned and illegal in China, but China has become the world’s largest bitcoin trading market. The bitcoin ban is strictly on banks, as the central banking authority, The People’s Bank of China is owned 70% by the Chinese government. Banking institutions and employees are banned from engaging in bitcoin business through banking, as well as servicing or doing business with the bitcoin industry. Trading or mining in bitcoin is not illegal for common citizens.  "

" Ecuador

The ban by Ecuador makes the most sense of any ban, as they are building a national electronic cash system, so they feel the need to protect their new currency from something clearly superior. A decentralized currency of finite production that cannot be manipulated by governments or banks might dim the lights on their new program in the eyes of the public, which offers none of those benefits. "


"  Iceland

As of March 19, 2014 the Central Bank of Iceland issued a statement explaining the legal status of digital currency in Iceland. Purchasing them may violate the Icelandic Foreign Exchange Act, which specifies that Icelandic currency cannot leave the country. A nebulous designation, but it sounds like it is banned, in effect. "

"  India

Indian BankBTCXIndia was the first bitcoin exchange designed and built in India. While following KYC and AML guidelines, and allowing instant INR (Indian rupee) deposits and withdrawals, BTCXIndia was forced to close by their bank, which no longer services bitcoin businesses. The reasons are unknown, whether it is based on a perceived risk or just a simple ban by management, but the issue is widespread in India.

“We have today been informed by our bank that they will no longer serve bitcoin businesses,” the notice stated. “We have investigated the possibility to operate through other banks, but it seems this is a general policy in India as of today.” "

" Russia

Even with the recent legal victory in Ural recently, setting a legal precedent to lift the banning of websites related to bitcoin and other digital currencies, bitcoin is banned in practice, if not officially legal yet. With the Russian ruble rebounding, but still down over 30% from January 2014, banks and the national government aren’t looking kindly on those who are investing in other currencies, digital or not.

Gold purchases are frowned upon in Russia, so proceed with caution.  "

" Sweden

Bitcoin has suffered a small banning in the buying and selling of scrap metal and “waste products”. This sets a bad precedent of government interference for the future, but so far the ban is restricted to this industry by all accounts. "

" Thailand

According to news reports, the Bank of Thailand ruled bitcoin illegal on July 29, 2013. However, it appears “it issued a preliminary ruling that using bitcoins . . . was illegal because of a lack of existing laws” in the case of a currency exchange license application by Bitcoin Co. Ltd.

Bitcoin businesses have been able to conduct business and get licensing, but the ban technically is still there, if not in practice currently. "


" Vietnam

Back in February of 2014, Vietnam banned the virtual currency bitcoin for use by credit institutions, citing its ease of use for criminal purposes and its high risk for investors.

“Transaction by bitcoin is highly anonymous so bitcoin can become a tool for crimes like money laundering, drug trafficking, tax evasion, illegal payment ” the central bank said in a statement "

[bitart]

A high percentage to go against it and it is already happening.
Banning them in their countries which i dont know what deeper reasons could there be.

Keeping our privacy is what we aee dealing here and they dont want that. Government ID's and other registration stuffs proves it.
They want to tax you to every income you will get and if they cannot get anything from you then you can go to jail.

Major of the countries have not banned bitcoin yet. The reason can be that: 1. They are still don't think that bitcoin can be a problem for them (they don't belive that bitcoin have a future). 2. They are still trying to find out how to tax incomes coming from bitcoin, and after they don't have to ban it. This is better for the economy as well, and if they don't find any way to tax bitcoin they still have the possibility to ban it at the end. But I think ban is not the priority because it doesn't generate income for the government.

[swogerino]

For the moment bitcoin is not as mainstream as we all want it to be so it has not caught the eye of many governments except a very few that wants to put their dictatorship even to it, like Russia for example who threatened to put to jail persons caught using bitcoins a few months ago. There is a good article which you can read in Investing.com with the title: Bitcoin:The real Trump trade   for every one to read.

[chiggz]

In order for the government to go against Bitcoin they will have to ban the whole internet of the country. There are already countries who banned bitcoin other than china, so this is just a normal event on the cryptocurrency world. Also there are some countries already who trusted bitcoin and make it one of their currency, and one of them is Japan, so rest assured, bitcoin will still live and will keeping booming as always and will sooner lead to revolutionary period throughout the world industry. Other factors the government can use to go against BTC is to Ban mining, ICO, Ban exchanges
etc.