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semutracing
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November 27, 2017, 11:24:43 PM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
the government could have banned the use of bitcoin, but I think the government can not stop the circulation of bitcoin currencies, because bitcoin currency is a virtual currency that circulates using the Internet network |
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bamboylee
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November 27, 2017, 11:51:29 PM |
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Governments can always make laws banning or making bitcoin illegal. The question is, would it be effective? I guess not. Bitcoin is decentralized, far from what governments used to control. Bitcoin users can always find way to use and get bitcoins. The only way governments can stop bitcoin is if they stop the internet, which most of us will agree, they can't. The most governments can do is regulate exchanges, make it harder for users to utilize bitcoin.
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Avity
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November 27, 2017, 11:55:31 PM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Governments have and will continue to do whatever they like for their own interests. It seems like Russia has already banned bitcoin... no? |
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darrly
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November 28, 2017, 12:04:17 AM |
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Yes. Government can do anything. Maybe they cannot make the bitcoin to go away but they can ban the use of it. But i think it unlikely because government can also profit from bitcoin. The fact that people need to convert it to fiat before you can transact has fee so yeah government can tax it and make profit from it
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Pinkris128
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November 28, 2017, 12:09:15 AM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
The government of a certain country has the power to ban bitcoin in their place. The government also have the power to legalize it if they want. One reason why the goverment wants to ban bitcoin in their country is, it increases the crime rate. Bitcoin can be used to buy illegal things in the internet like illegal guns, drugs, hiring a hitman and mamy more. |
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amih
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November 28, 2017, 12:18:36 AM |
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Yes, of course the government will be able to do a ban on bitcoin activities because the government has absolute authority over legislation on financial issues.
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A Feeder
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November 28, 2017, 12:21:14 AM |
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Yes. But without a potential threat, they have no right to ban it.
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Russlenat
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November 28, 2017, 12:33:17 AM |
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Governments has the power to ban any transactions whether online and offline but they can't stop people from getting and holding cryptos.
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moinul018
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November 28, 2017, 12:47:59 AM |
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Yeah, it has already been banned in so many countries. However, I believe government can only ban the exchange of cryptos into local fiat, but cannot ban you from trading them in exchanges which are not physically located in a country's jurisdiction.
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jirene21
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BookiePro.Fun - The World's Betting Exchange
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November 28, 2017, 12:52:11 AM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
i think government can just forbid bitcoin. But to ban bitcoin? i dont think so |
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cipher-x_09
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November 28, 2017, 12:57:26 AM |
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Yes of course it can be ban by the government. Government can look to many possibilities to damage the reputation and popularity of bitcoin so that they can false accusation and evidence to ban bitcoin. One of the fore reasons is that many business specifically Mark Cuban which I think have connections to higher-ups can team-up with them to come with solution to negative and permanently ban bitcoin.
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Brama Jasa
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November 28, 2017, 01:00:55 AM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
I think it may be, but it certainly needs a mature idea of the government how the vision and mission of the country goes into bitcoin world, but I think with the advantage of investing in bitcoin maybe the country will not go in or invest in bitcoin |
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MOBSSTER
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November 28, 2017, 01:01:35 AM |
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yea I heard news from Russia, looks like government wants to control its circulation and fee. Cause terrorists can laundry they money on it.
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crypto-curious
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November 28, 2017, 01:11:11 AM |
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Yes they can, however, its popularity is growing rapidly and govts will eventually have no choice but to allow people to use it
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DPrillio
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November 28, 2017, 01:12:58 AM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
The government of a certain country has the power to ban bitcoin in their place. The government also have the power to legalize it if they want. One reason why the goverment wants to ban bitcoin in their country is, it increases the crime rate. Bitcoin can be used to buy illegal things in the internet like illegal guns, drugs, hiring a hitman and mamy more. Well, maybe that is the negative effect of bitcoin as prone to be use in illegal activities, and still it is hard to be ban by every government since it a decentralized system even if they want to, but in other side i think the government sees an advantage of bitcoin to its people as an additional source of income. So i believe that one reason of why bitcoin is not easily ban bitcoin is because of the goodness that it brings. |
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Cholidm
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November 28, 2017, 01:17:42 AM |
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the government may ban bitcoin depending on government policy in that country
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kalawang
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November 28, 2017, 01:27:12 AM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
It depends because some goverments love this bitcoin and some goverments hate this because they scared in bitcoin that btcoin can remove currupt banks but i hope that bitcoin will give a opportunity to grow because the bitcoin is very profitable for all people like me. |
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ajiejot
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November 28, 2017, 01:30:29 AM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Yes. It's up to the country, there are may country with different perspective about bitcoin. There are some country don't like bitcoin, there are also some country want bitcoin to legalize in their country. |
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TagaMungkahi
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November 28, 2017, 01:32:07 AM |
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Bitcoin has been around the borders of financial markets for less than a decade, but is slowly gaining importance as an alternative asset class.
Can the government of any major country step in and do the unlikely?
Are you using your internet ? YES, then why are you still asking this? there are some country some of them are not yet powerful but have been banned Bitcoin, You can check this article, well it's a 2015 article but it proved that there are already Government banned bitcoins on their country, so for your question, the answer is YES, Any Government can ban Bitcoin. |
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saedasda
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November 28, 2017, 01:36:53 AM |
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They cannot ban it because its too hard to control bitcoin and those people who wants bitcoin that why government accept and just put a tax so its a win win for consumer and government
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