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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
Findingnemo
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April 23, 2018, 06:51:07 PM
 #201

Bitcoin and crypto are difficult to control because blockchain technology is absolutely safe and no holes are found. The ban may be but it is not appropriate and effective. We have seen many countries have issued bans / restrictions such as China, Korea.


There is no big problem for banning bitcoin for many countries so crypto currencies are like in the good stage and also bitcoin in the good value too so bitcoin will not ban by anyone.

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LKing
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April 23, 2018, 07:01:06 PM
 #202

They can't ban Bitcoin. But they can ban official exchanges. Truth of life.
ShadyMash
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April 23, 2018, 07:10:14 PM
 #203

The governments can't take control of bitcoin so they don't like bitcoin.and lot of people buy bitcoin with their fiat currencies to avoid tax from the government.so they bring regulations to bitcoin.Bitcoin is the future currency so the government can't stop people from using it.So banning bitcoin is not a practical thing because of its anonymous nature.and also bitcoin is already a trading asset and lot of people use bitcoin.so i don't think they ban bitcoin

cindex
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April 23, 2018, 07:11:32 PM
 #204

I think this is extremely unlikely in the long term. There are far too many incredible and innovative use-cases for crypto / blockchain technology, the advatages it holds for many industries can not be ignored outside the community for much longer.
maximkretov
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April 23, 2018, 07:19:31 PM
 #205

Another frequently repeated argument against banning Bitcoin is that, in an era of globalized Internet Economics, individual governments do not have the authority and power to act against a decentralized currency such as Bitcoin. However, we only need to see how China has limited the Internet and realize that it is not. Thanks to the combination of state legislation and the blocking of popular foreign sites providers of Internet services, the Chinese government tried to restrict Chinese "garden wall".
Traffic monitoring tools are used by the government to suppress political dissent. Banning Bitcoin will not be too much of an obstacle for the Chinese government.
Ghayoor
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April 23, 2018, 07:20:16 PM
 #206

Bitcoin and crypto are difficult to control because blockchain technology is absolutely safe and no holes are found. The ban may be but it is not appropriate and effective. We have seen many countries have issued bans / restrictions such as China, Korea.

well i have no idea about any other government but i must say our government support bitcoin and this year they will  make it legal.
ballerin and giroud
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April 23, 2018, 07:22:09 PM
 #207

Bitcoin and crypto are difficult to control because blockchain technology is absolutely safe and no holes are found. The ban may be but it is not appropriate and effective. We have seen many countries have issued bans / restrictions such as China, Korea.


There is no big problem for banning bitcoin for many countries so crypto currencies are like in the good stage and also bitcoin in the good value too so bitcoin will not ban by anyone.
The government's idea of banning cryptocurrency is different from us as a cryptocurrency users. We as users of cryptocurrency will always hope cryptocurrency can be accepted by all countries because it has a good future and more than that cryptocurrency will give us a lot of revenue. But as the government is very much to be considered and the main factor they are difficult to interfere cryptocurrency system.

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coinzonesl
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April 23, 2018, 07:22:53 PM
 #208

sri lanka government say's they will ban cripto......but dont worry we never stop.....
JCO05
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April 23, 2018, 07:32:26 PM
 #209

There are already countries that banned Bitcoin exchanges as well as other cryptos. That maybe because of the volatility in the market which is a risk on implementing a currency which needs to be stable. Countries who banned bitcoin has their own reasons. But I doubt that most of the countries will do the same thing since cryptocurrencies are becoming more popular nowadays.

saadat6868
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April 23, 2018, 07:35:30 PM
 #210

It is interesting how governments of countries werent interested in bitcoin till the time it became to be very significant and popular. Why not to regulate it earlier? huh
lillyann
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April 23, 2018, 07:36:33 PM
 #211

In which State you live. You did not write. There is no general prohibition on the use of BTC. Individual countries are rebelling so much. BTC is safe Smiley.
drukoz2
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April 23, 2018, 07:47:11 PM
 #212

I don't think every country will block bitcoin. Nevertheless, it does not pose any danger to the state, and I hope that most countries will accept it.
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April 23, 2018, 07:53:56 PM
 #213

Yet in the world, not all countries have a negative attitude to bitcoin. So on their territory, he will live, and perhaps many countries will follow their example.

rtm125
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April 23, 2018, 08:04:20 PM
 #214

I think that some countries will still ban bitcoin in their country, but these countries will be very few and they will not affect bitcoin in general.

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Mahirap
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April 23, 2018, 08:08:49 PM
 #215

Some Governments do accept Bitcoin and other types of cryptocurrencies for them to be traded into fiat they are taxing them from every convertion. Some are banning bitcoin thinking that BTC has a chance of destroying their economy but really it's not a threat against it.

Invest.Ort
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April 23, 2018, 08:10:07 PM
 #216

I think not, they steal it over time and will receive their taxes on this topic
cryptonero
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April 23, 2018, 08:22:50 PM
 #217

If your government wont allow to,or if your president will be going to restrict it you wont be allowed to do anything.That is why these governments needs to be educated so that they wont ban it as soon as possible because blockchain technology can revolutionize the whole fiat and banking system in the future,few decades from now.

Mwalshe89
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April 23, 2018, 08:27:29 PM
 #218

Governments can regulate asset prices, such as currency, by buying and selling shares in international markets. you can reduce the excessive interest in the asset class, tying it to rules that increase the cost of doing business. This is a classic regulation, such as compliance with SEC regulations.
ooeygooeygold
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April 23, 2018, 09:34:47 PM
 #219

some government want to ban crypto because they to regulate bitcoin as currency there's only one reason i can seen on that issue, because government want to collect taxes from crypto's.
MCM10
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April 23, 2018, 09:41:34 PM
 #220

I think the government will not forbid the existence of Bitcoin, because it is from Bitcoin that will make all the people in the works.
Bitcoin is also a means for us to save and as capital for our future investment in the future to be even better.
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