Can any government ban Bitcoin?

[dg2010]

yes, of course. They can prevent the people use or invest in cryptocurrency in their countries. But they can not kill crypto or prevent the people in other countries. So, I do not think Crypto will die

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[Bkjones]

Hey i am Bkjones  ! Yes Afcourse , Bitcoin ban in Some Countries as Goverment's own Think . Some Countries Ban Cryto currency and prevent People To Use This Currency.

[mabell943]

Yes, they can do it since they have a power but they should follow and obey the process that they have.
They can do this if they see some fraudulent actions that can lead to a criminality through this bitcoin can be sued and banned from their operations in different countries.

[melted349]

Yes, they can do it since they have a power but they should follow and obey the process that they have.
They can do this if they see some fraudulent actions that can lead to a criminality through this bitcoin can be sued and banned from their operations in different countries.

exactly what we have to see is that they can have the authority of everything and this is what they can take bitcoin can be banned for but all we know that this is not as easy as we think for cause there is a lot of consequences that it can be.

[GregH37]

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?

Bitcoins are actually spread everywhere these days and the amount of investors into bitcoins are in a huge number which would probably stop any of the government to ban bitcoins. Banning bitcoins can give huge loses to a huge number of peoples and even the economy of each respected nation can be declined as until now most of the people's from various nations have invested good number of fiat currencies into bitcoins.

I don't think any government can that easily ban bitcoins but banning bitcoins can really make a huge price dip giving loses and nothing else. Hope bitcoins go well in the future without any such problem.

[redsun114]

Government do nothing about it. I mean is unstoppable currency, is only you and I. I mean the users of btc say no, and I believe no one here or btc users we say no. Btc has changed people life, even what so called government has not think of. For me btc come to stay for ever.

Bitcoins were originated as a anonymous currency in 2009 which keeps it anonymous from any tracking and also it has no need to pay taxes. But legalizing bitcoins is a main issue and it think, applying taxes to bitcoins can surely help the governments from various nations to legalise bitcoins. Bitcoins should probably have a good future then.

But actually for now, we do pay taxes for bitcoins once we sold or purchased them. For example in my nation, we commonly use Zebpay and Unocoin to purchase or sell bitcoins and these sites do minus to GST and various other taxes from the amount we sell/purchase.

[robotrobert]

Bitcoin is not allowed to trade because bitcoin transactions are anonymous, and transactions do not pay taxes and harm the interests of some governments.

Actually now, most of the government see bitcoins as a threat to the peoples of their nations as bitcoins are used in some illegal activities like buying/selling various illegal items which are not allowed by the government to be regulated in as bitcoins are the anonymous currency and using a simple bitcoin mixer can allow the user to hide his/her location and all other details. Bitcoins cannot be tracked and perhaps now it is a bad side view about bitcoins. Bitcoins should be transparent which would not allow such illegal activities to happen with bitcoins. Hope something might be done soon to resolve this issue.

[UCHCHILD]

Now bitcoin position is very strong and also now people have like to work with online like trading and investment etc. Then all digital currencies helpful in this way and if any government ban the bitcoin then it will be a problem for their people. So better for all governments to avoid to ban the bitcoin becasue now bitcoin is a earning source of different countries's people.

[kmrunner]

They cannot ban Bitcoin because wealthy investors are keeping the currency away from government. They are using it as a store value so that it would not be monkeyed by politicians. And even if they tried to banned it and pushed it down on one side, it will still grow on the other like a sturdy balloon.

[gvnsrbtc]

Of course they are, they can try at least But I think they won't succeed. Because you cannot ban anything you can't control. Because the thing makes bitcoin powerful it is decentralized and independet system.

[kikoy999]

so much can manage any bitcoin if they do not like it but now they like bitcoin and they continue to love it because so many bitcoins help with bitcoin but bitcoin in your country is no longer helpful I will ban this of their governments.

[Alanpigi80]

They could do that, but that will be some kind of censorship, none of modern and western occident governments wants to censor people. That could raise a lot of protests and it’s not the best solution, I think.
If government is scared about Bitcoin, they’ll be better to embrace it and try to make profit with it, like paying bills, or else.

[DILEMONEY]

hi,
I don't think that any government can ban bitcoin. because it was a worldwide currency market.

[haxker007]

Any government can ban Btc. In any case, since Btc is created as distributed and a decentralized technology then it will be no picnic for governments to find its clients particularly in the event that it gets the chance to wind up standard which is the thing that we are planning to happen.

[doomloop]

For me, yes any government has their own authority and guidelines to ban bitcoin for their  reasons. Some country is already prohibiting bitcoin because of their basis. Yes, bitcoin seems very anonymous and you can do some evil material using it, and that is the main reason why some countries already ban it. Also, bitcoin is a currency even it is digital it still needs to be evaluated by the state.

Yes bitcoin is anyonomus and decentralized currency people can do any thing without traping. But it depends on people what mentality  they have. If they have good mentality they will use bitcoin for good. And if bad they can use it for bad purposes. That’s not a problem enlisted with bitcoin. Some countries banned bitcoin because they feared from their un civilized people. Civilized nation promote economy and crypto currency. Because they know how much profitable it is.

[uchiha_madara]

of course yes, the government has the full right to banned a thing that is in a disastrous advert like Bitcoin.

[kefir56]

How can any government ban it, if it is like a "private talk" between two people, they can only punish their users if it'll be found out

[Aum Ram]

The government can ban the bitcoin, but who can tell me how the government will control this? I believe that the government has no way to prevent someone from using the crypto currency.

[thaitea.deluxe]

They may ban bitcoin, but they cannot completely ban bitcoin.
unlike the other fiat currency, bitcoin is decentralized. bitcoin is everywhere.
if they want to ban bitcoin, they must ban at every place in the world.

[Mickznet]

Yes, it can be ban in their country. All government have regulations and policies about cryptocurrency anytime they can ban or allow bitcoin to their country.