is there any economic effect for the country or bitcoin users

[rhayot]

Probably yes, both of the country and bitcoin users can experience a negative effect for banning crypto trading or investing in the country. Because in the country's economy the virtual or digital transaction will be drop down and as well as the innovation of technology in their place. While it may have a also a large impact for the bitcoin users because, we all know when the bitcoin came, it lessen the population of unemployment rate. If this will be push through, the banning of crypto it may fluctuate the market of it, but nevertheless it is still a decentralized currency.

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[Findingnemo]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Yes it has negative effects on both sides of course. Banning crypto in a certain country makes online payments inconvenient, people lose income and government loses revenue for every taxes paid by crypto enthusiasts upon withdrawal of funds.

Yes many talks going on many of the countries will make a ban for bitcoin not in serious move but some talks going on bitcoin but the it not possible soon so the investors should not panic and not sell you bitcoin.

[Breackup]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

....

When a retail website like amazon.com goes down. There are some who claim this can represent millions in lost revenue. The same principle could apply to currency support. If there is a high demand for bitcoin and alts which are banned. That demand often can't be replaced. Its based on value and utility. Banning bitcoin is like shutting down the golden gate bridge or something people need and rely on which can't easily be replaced. A ban on crypto definitely represents negative impact upon the economy of a nation. I don't think there is anyone in the world who will argue with that. The only question is how much of a negative impact does a crypto ban represent.

There is also a side issue where independence movements across the world are likely to embrace bitcoin and crypto currencies to gain further independence from central banks. Brexit, the catalan independence movement and similar social reformation occurring around the world could embrace bitcoin and crypto. These bans could become polarized in the sense that independence movements may be likely to legalized and support crypto while those who oppose independence may move to ban crypto as they are able.

I also agree with you. Bitcoin and other coins are limited, both of which price and demand are more. If the crypto world is destroyed,If the cryptosystem is destroyed then the economy will have negative effects.Now many media and governments have begun to ban Bitcoin.Recent countries, including France and South Korea, have banned crypto.For this reason, other countries are concerned that the crypto may destroy their economy and may go against them . Many people use crypto for illegal purposes. But they do not understand it, Bitcoin economy greatly affect its users.

[marzyyy]

I also wonder about this. Do injecting a lot of cash in a country without contributing to the GDP affect it's economy?

[faceoff97]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

This has been an old news and this makes short effect for bitcoin market only. Since bitcoin is decentralized and no country or people has control over it, they can ban it but they cant definitely stop it. Bitcoin will go on with or without any intervention of the government. he truth is that the only way a government can do Is to regulate or to just ban it. Most country who bans it are those government who see I as at threat and see it as something not really beneficial for them.

[reynand]

We see the case of China bans bitcoin. Many already know how good the country's economy. It seems the government is worried if one day bitcoin is not worth anymore then the country will also participate in losses because in China there is the largest bitcoin market. if viewed from the user's individual point of view, it is clear that bitcoin affects the individual economy. many already feel the benefits and advantages of "playing" bitcoin.

[Sled]

It will only affect the people who are using bitcoin but for the overall market like the economy of the whole country, it will not have any affect because bitcoin is not on their economy side and it is not being use like the other market like the stock market and more so it will not give any loss effect to the economic state but only to those bitcoin users.

[Rhaizan]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Yes it has negative effects on both sides of course. Banning crypto in a certain country makes online payments inconvenient, people lose income and government loses revenue for every taxes paid by crypto enthusiasts upon withdrawal of funds.

Yeah, that's what's happening now there are negative effects on other countries about the CryptoCurrency and they banned bitcoin. And also there's a good effects on economy in the other countries that using bitcoin.

[bobrova]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

There are a lot of positive benefits of bitcoins in my country:

1) A lot of people here are unemployed. I will say more than 50% of the educated youth is unemployed. Even most of the remaining people are underemployed, they are paid very less for the work they do. If bitcoin is allowed here, people could make some money with little investment per month.

2) Another thing is that as people earn more profit with bitcoins, they will also pay more tax. Revenue for government will thus increase rapidly which can be used for betterment of poor people.

[arcanayou]

Many times bitcoin is banned by some countries, it does have an effect like bitcoin value down and so on, but it does not last long, or it may just be an issue in the end they can not block the bitcoin to continue popular

[batang_bitcoin]

or it may just be an issue in the end they can not block the bitcoin to continue popular

They can decide if they wish to continue the ban on their countries. But they can't stop those people who are continuing to use bitcoin. And the influence to that country is really big, what if there is/are people there who are holding a lot of bitcoin on hold and they decided to ban bitcoin? The profit that personalities will get from that big amount of bitcoin will contribute to the tax of the country but because they banned bitcoin. It's either they will evade tax or other countries will benefit their profit.

[Lancusters]

Many times bitcoin is banned by some countries, it does have an effect like bitcoin value down and so on, but it does not last long, or it may just be an issue in the end they can not block the bitcoin to continue popular

You're wrong. The life of the elite in any country is very different from that of ordinary people. They can pursue their goals and use any means to do so. Because they're the law. People will be limited in everything. The poorer people the easier and cheaper to manage. In rich countries, no one will sell their votes for $ 100. In poor countries, you can buy votes for $ 20-50 and thus stay in power forever.

[rocketbits]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

I don’t know if Bitcoin is actually having a bad effect on any country’s economy. But I think if a country bans Bitcoin, it’s likely to be because of having a negative effect on their economy. Even if it’s not having a negative effect at all, most people still believe that it likely to lead a bad situation, if not now, later. But I’m not part of the anti-crypto squad, I love Bitcoin cause it helped in a lot of ways and is still helping me till now.

[enwi]

Of course if the government forbids bitcoin then the bitcoin user economy will change, they will find it hard to make more money and this is not good because actually bitcoin has helped the economy and made their lives better, the government should look this and support bitcoin

[Sled]

Of course if the government forbids bitcoin then the bitcoin user economy will change, they will find it hard to make more money and this is not good because actually bitcoin has helped the economy and made their lives better, the government should look this and support bitcoin

The governments are not greedy because they are slowly but surely studying bitcoin because they know that they cannot control bitcoin fully so they are taking slow steps toward bitcoin. If i were them, i will also do the same thing because that is the most effective and also safest way to make sure that everything will go alright.

[gristlygrudging34]

Dont be so panic stricken if you are so. its just a matter of time. when all the other people would accept it then they had to withdraw t

[ironman2014]

For example, in Russia already block some sites related to crypto-currencies, plan to track transactions from crypto exchanges and all this so the ban is very bad and having a bitcoin can soon be a crime

[rowename2]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Bitcoin have a effect in my Countries , and thats a Good effect because almost 40% of people are using Bitcoin and they are believe that Bitcoin will be the key to achieve your peace of mind and Being Richman

[dynospytan]

now there are some countries that began to issue a ban on the use of bitcoin, is there any influence on the country and of course its users in economic value?

Yes. Our country is in 3rd world country which means that there are many people who lives in poverty. But, when digital crypto was introduced to us, the poverty rate in our country is decreasing. Because most of the people who does not have a job are relying in digital cyrpto currency nowadays. Aside from that, those people who are in abroad are contributing in our economy by means of sending a money through remittance.

[gatti]

Some of country government may fear that Bitcoin will replace their currency and bitcoin is not control by any one now.This is the reason for the ban issues in bitcoin.So no need to worry even bitcoin  is ban in your country.You can use of VPN to hide from government.