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Wellyan
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March 29, 2018, 04:14:52 AM |
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Obviously, government can ban Bitcoin or any other currency which effect the economy negatively. But there is good news about bitcoin in the summit of G20 countries, 15 countries are in favor to accept the bitcoin as legal tender.
but chinese giants reject it actually what we are cautious in crypto is korea and china because they are very big users and owners of crypto assets in both countries |
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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Easteregg69
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March 29, 2018, 04:19:14 AM |
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They can tell the wind not to blow.
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Throw some "shit" and see what sticks.
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Jazvebtc18
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March 29, 2018, 04:40:12 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?
Definitely Yes. Government can ban bitcoin in any form. They have the power to control everything even in the digital world. If they will asked all form of business not to accept bitcoin they can really do that. Government are afraid of bitcoin because they don't know what are the advantages if it. |
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faranisa
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March 29, 2018, 04:59:09 AM |
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Very possible and very likely for government to ban bitcoin. it's happened to some countries. it is not impossible that other countries will follow banned bitcoin. Why so? I think it is because of concerns over the bubble and concerns about the country's financial stability (because of the fluctuating bitcoin).
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Raja_Salman
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March 29, 2018, 05:00:58 AM |
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all countries can ban or legalize the existence of bitcoin but indeed we should be able to respect the decision if your country has been out ban bitcoin. there may be a plan behind it. potential if good it is impossible for the state to reject it
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Fretcy
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March 29, 2018, 05:07:58 AM |
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As bitcoin network is a decentralized network no one can control or no one has the authority to control the bitcoin networking, as it is a auto generated transferring of crypto coins from machine to machine or from network to the desired network through internet protocols. All the transactions will be recorded in the public ledger called the block chain technology which can be used for auditing purposes. Transactions in the block chain is visible for which means there is clear transparency in the transaction.
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joshua05
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Rookie Website developer
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March 29, 2018, 05:12:51 AM |
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Government has the power to, but to think bitcoin is very successful to burn down. We just hope that they one ban a thing that has made many very sucessful and the field itself. Because it has made a mark in this kind of new era.
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Eijrafarm
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March 29, 2018, 05:18:10 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?
Bitcoin is already popular around the world. It is possible that many countries will find it unfavorable for their economic growth. In the present days many countries tried to regulate BTC but still they fail. |
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satecream
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March 29, 2018, 05:21:10 AM |
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yes of course
bitcoin still have a controversion and bitcoin does'nt have a immunity to doing what it like
there are still many country are banning bitcoin because they don't know the full potential of it
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Coinhype
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March 29, 2018, 05:23:04 AM |
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They can and they will try. But they will never bann cryptocourencies completly. As long as they are enough good programmers on the side of the people, there will be always found a way to bypass the censorship. You can see in countrys like china, they try everything to controll and censor the internet. But the people find always a way to get to their censored content. So the only way to ban cryptocurrencies is to completly shut down the internet. But i dont think that any gouverment will ever do this.
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GoodBrother
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March 29, 2018, 06:08:46 AM |
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Look at Cambodia. The Cambodian government created its own cryptocurrency, but the national bank bans all other
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Firefox07
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March 29, 2018, 06:17:00 AM |
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It depend on the government of any country. Some government want to ban bitcoin but others are legalizing bitcoin. And make it as another way of payment.
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baby222
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March 29, 2018, 06:25:02 AM |
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Governments are against bitcoin because bitcoin doesn't pay taxes to them so they can easily declare bitcoin not allowed in the country
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espiapogi1994
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March 29, 2018, 06:40:00 AM |
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first of all so is bitcoin banned because there is no tax possibly so ban it abroad because many do not have taxpayers, but if for example it would be legal it would not have dropped the value.
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Harleybtc01
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March 29, 2018, 06:47:48 AM |
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first of all so is bitcoin banned because there is no tax possibly so ban it abroad because many do not have taxpayers, but if for example it would be legal it would not have dropped the value.
Yes its true, however the government would have the difficulty to ban bitcoin because there's no single organisation or person to attack. You cannot stop the people from downloading bitcoin wallets and send bitcoins with each other. There's no central house that bitcoin transactions would go through. So even government would ban bitcoin, people will find ways to make bitcoin transactions. |
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ekaterinastrelnikova505
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March 29, 2018, 02:05:23 PM |
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Confirmation means that there is a consensus in the network that the bitcoins that you received have not already been sent to someone else and are henceforth considered your property.
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goldenwikiD
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April 02, 2018, 09:03:20 PM |
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Govt itself would suffer a loss for it. because they can't also deny the fact that btcs is one of the backbone of digital world
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dear53
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April 02, 2018, 09:15:37 PM |
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Yes,,,Many there are many country ban bitcoin for there country because bitcoin control in online.It is not any country currency and man can not control it.So there are many crime work doing with this currency.It is secure for crime because there are no document to the transaction.This is the reason of ban bitcoin for many country....
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Btcmarmipp2
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April 02, 2018, 09:19:05 PM |
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Maybe, the government can ban bitcoin in the country by imposing such law that prohibits to use it. They can block the website really when if bitcoin is use by some syndicate or such illegal ways.
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Sexie
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April 02, 2018, 09:50:30 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?
In some other countries, that are free from any corruptions , just like to understand the existence of Bitcoin in their economies. For those who are greedy, always counting and monitoring your wealth, as if you become more than richer to the government , might do anything just to fobid Bitcoin to their people in the community. As of now it is still free in our government anyway. But they are trying to regulate and know the users, |
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