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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
Chrystora123
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April 24, 2018, 08:55:45 AM
 #241

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
until now governments in some countries can only prohibit Bitcoin as payment, they will not be able to clear Bitcoin up to the roots, and make it disappeared...
Bitcoin has spread and its enthusiasts in every country are growing...

Goat says: "Bitcoin is NOT Illegal in Thailand. There is no law against Bitcoin in Thailand!"
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wilsonwilly1
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April 24, 2018, 09:33:50 AM
 #242

The government will not prohibit bitcoin because it is a transparent system and bitcoin is a free currency that is not responsible for the people
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April 24, 2018, 09:48:36 AM
 #243

If to see on situation through the time - I`m almost sure that all developed countries will prohibit all cryptocurrencies and will create their national one.

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April 24, 2018, 12:16:21 PM
 #244

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

Of course the probability and possibility is quite high since governments from different countries can not get any tax from bitcoin. That is one of the reasons they might ban bitcoin.
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April 24, 2018, 12:29:19 PM
 #245

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
Bitcoin doesnt do anything bad, instead it helps people to make their own money, and it also give them chance to improve their life. Bitcoin becomes bad,  because of some people who uses it in doing crimes and bad actions.

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April 24, 2018, 12:35:35 PM
 #246

in every country have their own government regulations, some are prohibited and some do not prohibit. it all depends on the attitude and laws of each country, as in my country the government does not prohibit but also not recommend using bitcoin

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April 24, 2018, 12:39:08 PM
 #247

The government can do anything. I wouldn't be surprised if they banned crapouillot. But I also understand that if they do, we will lag behind in development from other advanced countries, which understand that cryptocurrencies are the future.
Bunsomjelican
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April 24, 2018, 12:48:03 PM
 #248

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?

The government of each country has the power to do it actually, but to some government who knows the good benefits of bitcoin they're not gonna do it instead they will adopt it and soon regulate them to their country as their secondary currency. Like Japan, Korea if I am not mistaken, vietnam and others.
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April 24, 2018, 01:10:34 PM
 #249

If the states suddenly decide to declare trade or investments with the crypto-currency of the illegal, the question becomes how to implement the ban. The government can not seize the bitcoins stored on online purses.

Society always goes in the direction where it is led by the state. This means that demand for bitcoin will fall if it is declared an illegal financial instrument. All exchanges will be closed, and the purchase and sale of crypto currency will be a rather risky transaction.

Regarding China, the regulator hopes that by setting a ban on bitcoin, it will be able to prevent the flight of capital from the country. But Podnebesye is not the only crypto currency market. The society bought the digital currency, and will continue to do so.
and there is no point in prohibiting it
Kuchiyose
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April 24, 2018, 01:13:47 PM
 #250

Some governments will ban it because they have different ideas about Bitcoin. Everyone has different thoughts.
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April 24, 2018, 01:21:38 PM
 #251

They can try but that will just temporary stop bitcoin from mass adoption
bellakrstna
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April 24, 2018, 02:43:17 PM
 #252

For now some goverment are ready banned bitcoin in some country.
In my country bitcoin is not ban, i am able to transact with bitcoin and other cryptos now.
dammang
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April 24, 2018, 03:02:30 PM
 #253

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
as of now i think no,because if they ban bitcoin the whole community of bitcoin will strike,because ther so many people has now invest in bitcoin they don't like to broke their money.

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April 24, 2018, 03:13:57 PM
 #254

Bitcoin has been announced since the day it was invented, and it will be suppressed by governments in the future and declared illegal currency. Is the basis, the further development of the currency will be in the interests of the threat to traditional monetary and ruler, not the rights to cryptography currency once governments announced that the currency is illegal, its price will produce volatile in the short term, and may even crash. At the same time, the government will force the bitcoin exchange to be shut down, so that bitcoin can only be sold in private, and its exchange capacity will be badly hit. Will the government ban bitcoin?
i think government will ban bitcoin if they see that it does not give any help to the citizen of the country and also if it is not healthy for the society. some people take advatage of using bitcoin they use it for illegal purposes that's why some countries really banned it but in our country I think our president see the good effect because some of the unemployed citizen uses this to make a living for their families.
auy
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April 24, 2018, 03:21:22 PM
 #255

They will never be able to ban bitcoin. All attempts before that were unsuccessful, bitcoin simply fell in price, but soon recovered. This is the beauty of decentralization.

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April 24, 2018, 03:32:14 PM
 #256

As far as i know governments in my country are trying to follow blockchain technology, so it's possible the government will try to accept bitcoin so as not to ban it and this is a very good development of Bitcoin in my country.
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April 24, 2018, 03:44:14 PM
 #257

If to see on situation through the time - I`m almost sure that all developed countries will prohibit all cryptocurrencies and will create their national one.


I believe so too that there is really a possibility for this to happen because countries would like to be sure about the safety of their countrymen. But there is also a possibility of a national currency without prohibiting other crypto currencies out there because if not, I do not see why they would even change when they cannot get the most of the innovation that the crypto currency technology has to offer.
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April 24, 2018, 03:52:29 PM
 #258

Many governments have banned bitcoins, but they only offer some rules about bitcoin, not to completely remove bitcoins in their country. Many countries prohibit bitcoin because they can not control it’s development. In particular, they can not apply the tax to bitcoin.

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April 24, 2018, 03:55:45 PM
 #259


Many governments want and can ban Bitcoin because of its use in some illegal transactions. This is one of the main criticisms about the use of bitcoins on a regular basis. Although governments can definitely try to prohibit the use of bitcoins within their borders (and some already do so), such prohibitions can not become fully effective."Bitcoin is just a list of accounts and their balances, and when you send someone bitkoyny - then send a message in a language that is understandable to the computer, that from account A to account B sent money.

Similarly, someone can meet someone personally or call the phone, saying: "Here. Write down these coordinates, I sent you bitokoyn. " For the effectiveness of the ban, all forms of communication and language should be banned, which is impossible. "
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April 24, 2018, 04:10:26 PM
 #260

Bitcoin yet to decentralised cryptocurrency, if any government think that this type of currency threatened their economical activity and can used for crime then they can ban bitcoin for exchange officially not any government can ban bitcoin for privately used.

I strongly agree on your opinion that, bitcoin yet to decentralised cryptocurrency, if any government think that this type of currency threatened their economical activity and can used for crime then they can ban bitcoin for exchange officially not any government can ban bitcoin for privately used. And adding also my opinion that, the governments will definitely not ban cryptocurrencies, They all see the advantages of cryptocurrencies and they want to profit also. In addition, Governments will not ban bitcoin but they will regulate exchanges, ico, and some other things, they in fact can't directly affect bitcoin.
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