Goverments to go AGAINST Bitcoin

[vina.lugtu]

Some countries are against Bitcoin. We all know that there so much tax that they can't imposed here in bitcoin that should benefit each countries. There are a lot of investors here in bitcoin today instead doing business and pay taxes.

[Rosilito]

This is a quiet funny question. Kidding aside I don't see that the Government will go against bitcoin because they are the one who made bitcoin legal in their own country. Lets make it specific, as Bitcoin became a tool for such things that the people affects badly or the entire country affects badly it is possible that the Government will stand against bitcoin, but lets be realistic ain't no such thing reason for the Government to go against bitcoin or to banned bitcoin because bitcoin isn't as bad as we think nor dangerous but rather it helps a lot of people especially the technology literate, and for some reason bitcoin is a quiet a good part time job.

[Kotone]

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

Wwll I think that the only problem would be that bitcoin might be something they would be having a hard time regulating but I dont they they would be able to shut it altogether. WOth how the public and cou tries depend on it there would be an uproar.

[w5pn73]

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

Wwll I think that the only problem would be that bitcoin might be something they would be having a hard time regulating but I dont they they would be able to shut it altogether. WOth how the public and cou tries depend on it there would be an uproar.

They can't do anything about the network or about people using it (yet..), but they can make it hard for people to cash out.

[nicknaurelia]

In the short term yes. They want to ban cryptocurrencies to see how to counter illegal trading within the network which gonna be really difficult. But eventually once cryptocurrency is going bigger, the government will lift the ban definitely.

[tikaka]

I think this does not happen, if the government bans the bitcoin, it is not profitable. Currently, in countries with high population density, the unemployment rate is rising. Bitcoin is a good solution to tackle unemployment. Therefore, the government can not ban bitcoin

[thulisman]

Most countries in the world do not accept bitcoin. Due to the bitcoin's security, governments are worried about the use of bitcoin for malicious purposes and the government can not levy taxes from bitcoin transactions.

[saiteja01]

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

No because I think it may also be useful for governments if they also use crypto currencies like bitcoin.But only flaw of using bitcoin is  it's anonymity nature so all governments may think twice and they can enter into this..

[Donned]

Some countries are opposed to bitcoin because their country's inflation is so high that if they do not ban it, their country's paper money will become worthless.

[alani123]

The novelty of bitcoin doesn't allow governments to do much to stop it. Perhaps transferring a sentiment of uncertainty would cause large investors and organizations in a country to deviate from legitimizing bitcoin through investments but that doesn't have much if any impact on functionality for citizens in the country, and more so elsewhere. So governments are kind of also afraid of missing out.

[Pamadar]

Most countries in the world do not accept bitcoin. Due to the bitcoin's security, governments are worried about the use of bitcoin for malicious purposes and the government can not levy taxes from bitcoin transactions.

That's the problem since its decentralized government fear about the involvement of being use in an illegal act and there's also possibilities that bitcoin or any other crypto will be use too in some money laundering that will harmed government so they are against it.

[Golubhargava]

Most countries in the world do not accept bitcoin. Due to the bitcoin's security, governments are worried about the use of bitcoin for malicious purposes and the government can not levy taxes from bitcoin transactions.

That's the problem since its decentralized government fear about the involvement of being use in an illegal act and there's also possibilities that bitcoin or any other crypto will be use too in some money laundering that will harmed government so they are against it.

If they think this than they have a narrow mindset

[jdhkslj]

Bangladesh and nepal against the bitcoin,it is decentralized currency.but most of countries accepting the bitcoin.porn sites,drugs sites accepting the bitcoins.

[GeorgeEden]

Bangladesh and nepal against the bitcoin,it is decentralized currency.but most of countries accepting the bitcoin.porn sites,drugs sites accepting the bitcoins.

Porn sites and drug sites accepted alrdy the bitcoin?wow..

[filharvey]

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

Different countries have separate ideas about bitcoin.Japan has legalized bitcoin while other south east asian countries like vietnam,south korea have taken actions against bitcoin.Russia is also taking a stand against bitcoin since its president putin termed bitcoin as a pyramid scheme.Even in bangladesh,imprisonment is given for persons using bitcoin.But in future,they could not totally avoid bitcoin and they would have to regulate bitcoin and no other option would be there for them.

[posternat]

Since China banned ICO's and closed down some of its crypto currency exchanges, the question of "Ultimate Ban of Bitcoin" is there in the mind of most of the crypto investors. Can governments or international government organizations implement their own centralized crypto currencies and ban the mining or ownership of open decentralized ones like Bitcoin and Litecoin? Answer to this question is crystal clear and straight forward. Yes, they can. But the unanswered part of the question is, how effectively they can destroy Bitcoin.

No, they cant ban the bitcoin as bitcoin is decentralized. Even if they stop the mining farms or they stop bitcoins being used in certain places legally, they cant stop the bitcoin overall worldwide. People will and can still use it.
The idea of creating a digital currency is a good one but then than will just be considered as an altcoin and each country's government might have to put in extra effort to make their currency more valuable and might have to use govt. funds to artificial pump it.

[GeorgeEden]

Since China banned ICO's and closed down some of its crypto currency exchanges, the question of "Ultimate Ban of Bitcoin" is there in the mind of most of the crypto investors. Can governments or international government organizations implement their own centralized crypto currencies and ban the mining or ownership of open decentralized ones like Bitcoin and Litecoin? Answer to this question is crystal clear and straight forward. Yes, they can. But the unanswered part of the question is, how effectively they can destroy Bitcoin.

No, they cant ban the bitcoin as bitcoin is decentralized. Even if they stop the mining farms or they stop bitcoins being used in certain places legally, they cant stop the bitcoin overall worldwide. People will and can still use it.
The idea of creating a digital currency is a good one but then than will just be considered as an altcoin and each country's government might have to put in extra effort to make their currency more valuable and might have to use govt. funds to artificial pump it.

I think in the end the whole planet is gonna agree on digital currency. It might not be bitcoin but sure its gonna be digitcal currency.

[378budiman]

Most likely yes! The government will not support bitcoin directly because it is against their centralized policy. The government wants to control every kind of money circulation in their country.

[littlewizard]

It is highly possible, if bitcoin continues to grow wild like this. The reason is that bitcoin has hurt the interest of FIAT. They will put much regulation on bitcoin and I hope they will not ban bitcoin entirely. If so, there will be a large correction on bitcoin.

[kodtycoon]

I think the government do not will against bitcoin, though they do not legalize bitcoin but they will not forbid people to use bitcoin. The government will only urge to always be careful to transact with bitcoin, because the government will not be responsible if something unexpected happens.