What if Government bans Bitcoins?

[Herbys]

At the state level, a deportament of cryptovalts must be created, which will deal with taxes and control large amounts. Then from the introduction of cripto will be the replenishment of the country's budget and the grounds for the government to introduce cripto, otherwise in any way.
Only this does not appeal to the owners of crypto.

[Etanllah]

IN some countries bitcoin is still banned by government, but they cant do a shit , because people still use internet/vpn and bitcoin, so nothing really changes.

[isabuhay]

Thanks for these enlightening informations.

[syaripudin]

indeed for now not many countries are willing to accept the existence of bitcoin because bitcoin is a new technology in terms of finance with a decentralized crypto or electronic system. and that is why governments of some countries have not been able to accept the existence of bitcoin as a means of transactions so they think there is no applicable taxation system. but actually in terms of a country's economic improvements I think bitcoin is very helpful as an alternative in terms of financial so the government should give a policy to bitcoin without just thinking about taxation issues.

[Ucy]

If Bitcoin is allowed to be what it was created to be there won't be much reason to fear such ban. Centralized services/exchanges remain Bitcoin biggest weak points. Massive lost of users  will follow after a ban. This will send the
whole market crashing down.  People will gradually adapt to the new reality afterwards. Real & better p2p/decentralized platforms will be developed and crypto will continue to thrive.

[Jackolantern]

 This risky but great project, I mean crypto, will not die and will not be defeated! I am sure that he government will sooner or later accept it as the best currency option being convenient and safe. A lot of countries have accepted it

[Al-e_x]

todays, the government is still analyzing the development of crypto, the government wants crypto to give a positive value to the economy of a country.

but I am optimistic that the public demand for all aspects of blockchain-based life will continue to increase, so, I think that crypto will be accepted by the state.

if, the world banning crypto and make FUD then certainly will affect every coin that is in our wallet. even your coin will have no value anymore.

[zamani12]

That will be the end of crypto but i dont see that happening its a decentralized digital currency. Though its currently ban in 6 countries Bolivia, Ecuador, Kyrgyzstan, Saudi Arabia, Bangladesh and North Korea but No government on its own kill it without a collective ban.

[Epimetheus]

If government ban bitcoin in any particular country then the bitcoin user of that country cannot convert their bitcoin in to that country fiat currency. If that happens then investors of that country suffer and this thing ultimately affects the global price of bitcoin in a negative way. The all bitcoin related application will stop on that country. Bitcoin not ban global so you can withdraw your bitcoin from your international bank or by paypal etc. If bitcoin ban in an Country then their is a effect show on the country economy which could be a positive effect or a negative effect.

[Baimovic]

banning bitcoins everywhere, and of course, their prohibition forms have different reasons.

economic, criminal, geographical, political, and other conditions, to be an analysis that must be solved well. and to until today, the government has yet to find a solution, so choosing to ban bitcoin in general.

and of course, the prohibition of bitcoin will affect market conditions and also affect every coin we have.

[bycocoricos]

Then we ban the government.

[iiikkkxj]

The more Bitcoin interferes with the governments of different countries - risk that it will be banned by them increase.

Today I do not see a big problem with this, but what will happen in the future - i cant predict

[Psychee]

What do you generally go to Socratus is your choice and not only

[bitterguy28]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

yeah of course government of every country are very powerful,  simply  all access of the all transaction of cryptocurrency if they want ban worldwide  every head of the state order the total back out or shut down all internet connection in 1 month to shutdown all transactions of cryoptocurrency. I think one month shutdown of internet access worldwide are completely paralyzed the operation of cryptocurrency.

But don't think head of every state ordering total ban of cryptocurrency in their country if the virtual currency help to growth the economy of their country and help for their people's of the state.

[Nakedbitcoin]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

We all hope that this could not be happened because if all government issued banning bitcoin in different country will I guess bitcoin incounter big problem. No. 1 concerned is the investor's I think they lost their interest to invest their money in bitcoin.they are afraid to lost their money. But I think this concerned is far from the speculations because their are a lot of country's accepted bitcoin and make legal tender in their country's.  

[moonami]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

It's possible that they block bitcoin especially if bitcoin is not welcome in a country and if they don't want their country to be involve in this cryptocurrency.

[gilangIDR]

If a country tires the bitcoin it will destroy the state of global bitcoin development. The government's decision to tie bitcoin will make bitcoin difficult to develop, this is assured because then the belief in bitcoin begins to decline and people start to leave bitcoin because the government makes the decision. This is the thing I do not like best, I think that why the government took that decision. In fact bitcoin has many benefits and also has many advantages compared with other financial systems.

[ciciteng]

Bitcoin is community based, therefore not even government can control it or banning it.
That's one of many reason why we are here

[feehannah]

It is possible to happen,but i think,not all countries around the world are getting banned bitcoin. Because,bitcoin is not really threat to the economies of every countries,instead it is actually continuos helping people through many ways of bitcoin activities. It is also help to improve the economy,because people can have their own additional source of income,for their better daily living.

[iamMhew]

Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??

If governments banned this bitcoin,  of course we all cannot use this bitcoin anymore. Unless we move to the other countries that accepting or legalized this bitcoin to use. Or when this bitcoin got banned world wide, all coins that we holding in our wallets remains on it as long as theres a internet to use but dont have value anymore because governments banned this.