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Author Topic: Can any government ban Bitcoin?  (Read 3327 times)
mkcube
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March 12, 2018, 03:32:31 AM
 #481

I think the gobernement cannot ba bitcoin because bitcoin has no illegal works.They cannot find any mallicous context here in bitcoin.When you see the rule of bitcoin,it is not easy to join.The states that any spam,mallicous and any irelevant issues was being deleted.I think the givornment would’nt do this.
cyt45
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March 12, 2018, 03:40:09 AM
 #482

I think it is impossible. The government may influence the transaction volume of bitcoin and limit its development speed, but it is impossible to control it in its hands.
Hallmader
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March 12, 2018, 03:42:02 AM
 #483

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, they can and as a matter of fact, various governments have been doing that already. The government, being the highest authority of any sovereign country, can always step in every progress of their country especially if such developments have something to do with the rest of the country's existing laws. However, there will be a certain extent to which the government can control the use and flow of Bitcoin. Actually, even if Bitcoin is banned, since it is peer-to-peer, people can still use it.  

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gareng1468
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March 12, 2018, 03:45:24 AM
 #484

the government can tire bitcoin very easily in each country, not a very difficult thing to block all forms of crypto transactions, each country has a cyber firewall that can be changed at any time for the traffic of crypto data in the block.
many applications and websites in my country are blocked because they are not in accordance with government policy. do not ever assume crypto transactions are secret because the government has a very strong resource for Banning cripto easily...

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flying_bit
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March 12, 2018, 03:48:22 AM
 #485

Yes ofcourse but government can never stop people using cryptocurrency unless they cut out internet connection and that's the only time government can stop cryptocurrency. In China many things are prohibited including social media and cryptocurrency but people find way to use and utilize internet to be able to accessed website the government not allowed them to use
 So basically as long as there's internet connection government or anyone can never stop cryptocurrency growth.

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KesoNie
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March 12, 2018, 04:05:09 AM
 #486

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.
Exactly, any government can ban bitcoin but they can't forbid their people to use bitcoin or invest in bitcoin because first and foremost bitcoin is decentralised which means they have no any control on it. Aside from this, they can't also dictate their people where or what they're gonna invest their money right.
neo444
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March 12, 2018, 12:12:04 PM
 #487

If bitcoins be opposed to Interests of any government  bitcoin can be banned by any government
malah
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March 12, 2018, 12:25:47 PM
 #488

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 bitcoin but they still could not control and manage the use of bitcoin because of the decentralized bitcoin so I do not have to worry about it
kkukkugaga
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March 12, 2018, 12:31:54 PM
 #489

If btc opposes the regulations or exceed the limitations of the government then maybe that's the time btc will be ban in a country. As of now, I don't see any problems to ban btc in a country. Government always has the authority so they can do it.

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Gabriellefull
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March 12, 2018, 12:33:34 PM
 #490

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 don't think any government could prohibit the bitcoin , the bitcoin is anonymous distributed, as long as the Internet has not been closed, so the bitcoin can always trade and circulation, it will not be affected by a lot of
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March 12, 2018, 12:37:26 PM
 #491

The state can intervene in all spheres of activity. It does not matter whether we want it or not. They sometimes violate even laws, but it is considered that this is done to protect your interests.

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March 12, 2018, 12:39:20 PM
 #492

If btc opposes the regulations or exceed the limitations of the government then maybe that's the time btc will be ban in a country. As of now, I don't see any problems to ban btc in a country. Government always has the authority so they can do it.
The main task of bitcoin is not to go against the actions of the government. It is better for them to begin to work together and find common solutions.

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March 12, 2018, 12:45:06 PM
 #493

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.

We all know that majority of the governments in the world have corruption issues and that is one of the reasons why a lot of government don't like bitcoin or other forms of crypto currency because if they legalized this technology it will be a big disaster on their "monkey business" which is stealing money from the people through tax, specially in my own country where majority of the politicians stole money from the government funds and this funds are from the taxes that they get from its citizens. Look at Japan, They legalized bitcoin because they're government are less corrupt or totally no corruption happening. This is my personal opinion about the legalization.  Smiley
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March 12, 2018, 12:45:48 PM
 #494

speaking bitcoin highly of the prohibition is not easy. Moreover, in the form of another coin and coin bitcoin. now that most people have moved to digital currency investments.
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March 12, 2018, 12:49:15 PM
 #495

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 bitcoin but they still could not control and manage the use of bitcoin because of the decentralized bitcoin so I do not have to worry about it
Yes, they can ban bitcoin but it is not strongly that they can control for it. There are many attempt that government try to stop it but they failed because bitcoin is design for having no central control and transactions are solely anonymous, so they try to de-stabilized bitcoin by destroying its image in the world but still they failed because there are many people who find out that there is a good opportunity that bitcoin brings.

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March 12, 2018, 12:52:05 PM
 #496

in case they forbid bitcoins, is there any chance that other coins that run on deepweb can strengthen and replace it? or is it impossible? sorry if mine is a stupid question
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March 12, 2018, 12:56:02 PM
 #497

yes, they can.
all country, all government can ban bitcoin directly. but just for that country.
if they do that, im sure all people that use or make transaction with bitcoin will send their asset to the other country and trading in there. and it easy to exchange to regular money.
so, better if government keep their grow than ban future

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March 12, 2018, 12:56:39 PM
 #498

Every Government authority has the right to ban anything under its jurisdiction but in a country like mine it is far from reality because  Bitcoin operations here bring great profit to its user and it also augmented most of their lives.

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March 12, 2018, 12:58:29 PM
 #499

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 don't think so! The world needs to change the system of financial and Bitcoin was born to do that by Blockchain. Keep your eyes off from fake news,  the price will be manipulated by big investors and companies every year.
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March 12, 2018, 12:58:53 PM
 #500

all countries may prohibit the use and circulation of bitcoin when bitcoin is misused for illegal acts. now there are still many countries that ban bitcoin with a variety of reasons. so use bitcoin wisely.

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