What if Government bans Bitcoins?

[Lima0396]

The banning wont be so effective like banning what they have control of, btc is decentralized which wont make it easy for they to achieve it, the only thing they have power to do is stop the internet to make bitcoin not to exist but they wont wanna do that also... In conclusion they cant ban bitcoin.

[ibrarak92]

Bitcoin is an excellent product for obtaining taxes, so it is more advantageous for the state to control it than to prohibit it

[MVT_Freedom]

If goverment bans bitcoins then they will be the ones shorting it and then buying it at the bottom

[Sampson7]

There is no IF in existence when it comes to the functionality of life I think there is no chance that governments would ban bitcoins. Most countries including USA, gains a lot of taxes from bitcoin profits. Why would they stop such earnings? besides I think that most fund companies and investing companies invest and trade cryptocurrencies, they would not accept such a ban. No possibility I MEAN

[jake zyrus]

Some countries were already banned bitcoin, and here in my country they did not banned it not because they don't know what to do but they find bitcoin as an interesting and a great opportunity for the people, and a big help in our growing economy.

Actually, there are some countries who already banned bitcoin because they think it is a scam even though it is not a scam. In addition to that, I hope they will unbanned so that many people will have free to use it and I think once they unbanned their economy and industry will really grown up and it will have a positive effect in their country.

[lani123lani]

In my country they do not prohibit bitcoin. but if that happens then you do not have to worry. because there is no law on BTC in most countries so there will be no reason to ban it.

[Angela28]

If the government forbids bitcoin, it is bad for bitcoin because it lacks the brightness policy as well as the precious approval of investors and the bitcoin will not be more popular if the government bans bitcoin.

[Chaelbrin]

I think it is difficult the reason a few nations have made the national money to the state and perceived the world,

like japan yet there is a considerable measure of awful data about bitcoin from the past and as of recently there is no genuine verification that bitcoin is unlawful and furthermore imperils state funds and it is essential to help enhance HR if bitcoin endures, as it is extremely useful to me in economy. , I trust bitcoin keeps going up and circumventing the world

[kangkilokang]

Some countries have banned bitcoin, I think there is no possibility that the government will ban bitcoin. Actually nothing will happen. Although the government has no reason to ban bitcoin and other crypto, but if that happens then you do not have to worry. It's easy to understand what will be the effect afterwards if this really happens in the future. After a government ban may or may not give you a chance to take the money you have invested in it.

[b1marlin]

Government has already began banning bitcoin, but do they really can do that?
they are putting net on the SEA to stop the water from flowing.
they can't do anything, but to accept the fact that bitcoin will rule the world.

[susila_bai]

Ya it is true that lot of country started to regulate and some country have banned on usage like in my country Government have issued notice to public that if anyone is using then it is on their own and government wont help on this issues and even they gave instructions to bank to ban the account which are trading in crypto currency. So now the peoples who are in crypto currency can trade but have to be careful as they cannot show any account in tax.

[finlandais]

Yes it question is frequently asked by many people.Simple answer to this question is even if government bans bitcoin people will still use it by illegal or wrong ways.People had get addicted to it.So by any means they will surely use BTC at any cost.But this situation will not rise because even government knows that bitcoin is contributing alot in economy.I don't think their is any valid reason due to which givernment will ban bitcoin.

[Strange9]

The bitcoin value will definitely decrease until it is zero

[kkukkugaga]

The government has the power over its own country and people that's why it's not impossible if they ban btc in their places. Unfortunately, if that happens then all users will lost their coins and all efforts, time and even the money used foe investment will be wasted.

[MMA]

The government has the power over its own country and people that's why it's not impossible if they ban btc in their places. Unfortunately, if that happens then all users will lost their coins and all efforts, time and even the money used foe investment will be wasted.

Yes that is right, some countries have already banned bitcoin but i think their people still using bitcoin for different purposes. For example in my country the government has banned bitcoin, but still most of the people are using bitcoin, even the government is not treating them harsh. I think that very soon my government will reverse his decision.

[ajuelnah akun]

maybe it only happens in some countries, because I see today many countries are banning bitcoin.
but also not a few who receive bitcoin well, because it is considered to help the economy of a country, and provide jobs for the country.

[Angle22]

that is impossible, because large countries can not ban bitcoin

[YNAGS Team]

There are already countries that have banned bitcoin, but people still use them, so I think even if they forbid bitcoin, they still can not stop people from using bitcoin or other crypto cultures. So, if that's the case, your coins will still be where they are, if they banned them.

[Kathleen Martinss]

Though few countries has laid legal grounds for Bitcoin, not all countries trash Bitcoin. So I think the prospect that you are worry won't happen. Maybe they will regulate Bitcon so that the illegal activities will become less.

[Joseph Cabrall]

That will hardly occur, but in case the government decides to ban Bitcoin, they will definitely make an announcement  to inform investors to take out their money. I'm thinking of a panic selling. The price of Bitcoin will drastically plummet. The worst case may be the halt of cryptocurrency.