is there any economic effect for the country or bitcoin users

[stevano]

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?

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[Hydrogen]

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.

[The_Dark_Knight]

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.

Also I will add that some countries may think that it is a good idea to ban those currencies now instead of later, bitcoin right now does not represent a significant amount of risk since not many people are using it, but once that happens banning bitcoin will be more difficult since the governments themselves will be dependent on the revenues generated by this industry so to me it seems that those countries could ban bitcoin preventively.

[buggy]

Yes definitely there is an economic effect to the country and the bitcoin users because users are given the chance to earn to improve their economic situation. Since people have earnings they can buy what they need for their everyday living and the taxes from the goods they buy will go to the government so both have good effects.

[Choyor]

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, Bitcoin greatly affects the economies of its users, making them more financially secure, but not with some countries that consider Bitcoin as a threat to their economic stability, as evidenced by some countries that prohibit the use of Bitcoin. The difference is that we as individual Bitcoin users feel financially viable by Bitcoin but the country's view of the impact of Bitcoin is more universal.

[Ranly123]

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 think there is no effect on economic value if bitcoin will be banned due to its anonimity and decentralized transactions in which no effect on economy. Bitcoin users are like ghost in the economy which works even without being noticed by some people in the community.

[ronics]

Today there are countries that are beginning to make a bitcoin issue to make a ban regulation. Do have influence in our country and really have an issue on economic value and the most important to certain and many counties to ban it from ICO for fear, for their money to multiply any where.

[PalindromemordnilaP]

That's not a new scenario in the world of crypto since some country is banning crypto and recently, France. On the other hand, South Korea bans crypto markets for tax evasion. To sum it up, these countries are afraid that cryptos can cripple their economic growth and can be use against them as cryptos can be used to fund terrorism and another illicit acts.

[The_Dark_Knight]

That's not a new scenario in the world of crypto since some country is banning crypto and recently, France. On the other hand, South Korea bans crypto markets for tax evasion. To sum it up, these countries are afraid that cryptos can cripple their economic growth and can be use against them as cryptos can be used to fund terrorism and another illicit acts.

They are afraid about the former not the latter, they are going to use the excuse of crime to make people do as they wish the same way they have done for years, but the real reason is they are afraid that people will one day wake up and realize the scam economy in which they live, where the rich get richer by doing nothing while they have to waste their lives just to earn a few dollars.

[Longfellow27]

Yes i think so, because it involves money and it involves business related activities, surely this will affect the economy and implementing ban on it by the government would only mean that something interesting is really happening affecting the community. As we have all known it is global and therefore could also globally impact the whole system of bitcoins. Should there be any change I think generally it will likewise affect the whole. I heard some had gone panic selling of bitcoins after having heard of bitcoins being or about to be banned in their country.

[CryptoBry]

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, Bitcoin greatly affects the economies of its users, making them more financially secure, but not with some countries that consider Bitcoin as a threat to their economic stability, as evidenced by some countries that prohibit the use of Bitcoin. The difference is that we as individual Bitcoin users feel financially viable by Bitcoin but the country's view of the impact of Bitcoin is more universal.

Many governments are viewing Bitcoin and cryptocurrency in general with suspicious eyes practically because this is something they can't control fully and one that many don't actually understand. Some leaders when faced with this situation would just choose to ban the whole thing rather than go into trouble of dealing with it later. On the other hand, as shown by Japan, Bitcoin can be an instrument for economic viability.

[machinek20]

Yes if the country with a lot of users being banned then there will be an impact to the user economics, some of yhem even got a full time job in crypto, but the country wont be affected too much, bitcoin doesnt give any advantage to the country because crypto currenices is not regulated

[talkbitcoin]

well right now we have a pretty good example which you can always refer to. and that is Japan.

adopting bitcoin as a currency meant creation of a lot of new jobs. and these jobs require a lot of employees. and economically speaking that is a big deal in any country. so you can imagine the positive effects.

banning on the other hand can mean none of these jobs can be created and at the same time people will have issues investing in bitcoin and possibly others because you can not prevent them from it anyways, and that can mean exiting of money from the country. both of these are terrible for economy of said country.

[Siopao]

Yes there will be evident effect especially on bitcoin user. Great impact will be felt by the individual user as it can help them to be financially stable, however other countries' would not value it if its only an individual who'd benefit from it. Economist would look at its benefit as a whole and especially for the country,  unfortunately some countries sees it as a threat and as a result ban it.

[JerryJam]

Modern financial system is not quite perfect.The threat of inflation always exists. The Treasury can produce a certain amount of money. After some time these money must be repaid with interest. And where to get these percentages. Again you need to take out a loan, and again returned, with interest. And so on to infinity. This leads to inflation and depreciation of money. In this situation, the cryptocurrency has potential. So bitcoin may become the basis for the formation of a new monetary system. It will have a positive impact on the economy of the state.

[Peterson410]

The effect is sure, and numerous nations may have a prohibition on ICO for expect that their cash will stream somewhere else.

[herecomesjohnny]

Yes if the country with a lot of users being banned then there will be an impact to the user economics, some of yhem even got a full time job in crypto, but the country wont be affected too much, bitcoin doesnt give any advantage to the country because crypto currenices is not regulated

Exactly, because of the nonregulated cryptocurrencies, the effect on the economy cannot be measured. If the country of the resident and the holder of the Bitcoin is bigger then the slight changes in the economic system can be spotted. Even if the Bitcoin is avoiding the tax system in some countries big percent of the investors are paying the taxes when making transfers to the FIAT. This is actually positively influencing the economy of the specific country. Money that is reported has flown out of nowhere and the government is rubbing their hands because of the unbalanced system that regulates the tax income and outcome from the cryptocurrencies.

[pentol86]

i think maybe just small effect. too many people still not know about bitcoin. and this can not disrupt a government

[Yakamoto]

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?

It depends on the country and how large the economy of the said country is. There are some countries where Bitcoin would be a benefit but for a fair amount of them, there is little that would be influenced on the national level. I'd be more convinced to say that all the influence of Bitcoin is going to be on the personal level and there will be little beyond maybe a family's worth of people influenced by one person. There won't be any significant national consequences beyond maybe moving a little more money through the borders, and that's not something that can be easily measured if the people don't exchange their Bitcoin into a measurable metric.

[zlatan07]

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?

The main problem why countries(their governments) ban Bitcoin because they can't manipulate with money from it. There is a lot of other reasons why countries ban cryptocurrencies. But can that influence the country? I don't think so. Countries are based on their local currency and gold, not on Bitcoin.