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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
hongtham
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April 26, 2018, 05:12:10 AM
 #361

Regarding whether the government has banned the bitcoin or accepted it, I think:
In the future it is acceptable to know the convenience and development of it
But on the other hand it may not be because some people use bitcoin to cheat others. Use it for bad things.
Currently in my country are banned bitcoin

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RKSummer
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April 26, 2018, 05:16:11 AM
 #362

I don't think government will ban Bitcoin; I think they don't have any rights to ban it because of the reasom that they can't control it. Many people are earning money through, thus it is now gaining supports so it cannot be just ban.

There are some countries that banned bitcoin like South Korea and China. Their government think that bitcoin is a threat in their economic financial stability. But they can't fully ban it because bitcoin is decentralized.

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jump4ever
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April 26, 2018, 05:28:20 AM
 #363

Yes, you can prohibit using bitcoin. Also, as you can not use drugs (sorry for the rough comparison), but drug addiction is widespread. And actions to ban crypto currency may fail in their case. This is due to the fact that bitcoin and altcoyins (especially early variants that appeared without ICO and obligations to depositors) are non-national, decentralized and located in several countries through the node. Their regulation will require coordinated efforts from regulators around the world. This can be a difficult task, taking into account the different levels of activity to crypto-currencies and their impact on national economies.
PM.coins
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April 26, 2018, 05:29:18 AM
 #364

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?
Governments only enacted laws to tax bitcoins. Governments will soon join the crypto market if they wantn't to be eliminated
Actually, the government of the countries all over the world have the authority to ban or to accept bitcoin. Today there are some countries haved accepted and used it legally but still many others don't accept even try to ban its operation. They consider it as illegal currency.But because of decentralized blockchain technology used, the government can not ban it fully. It is only can be controlled by all users involved in it.Probably in the coming years, bitcoin might be accepted and legally used after several talks and discussions regarding it. Laws and regulation are needed do be the basis of its operation daily.
ampsec_
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April 26, 2018, 05:31:44 AM
 #365

if it used in bad things like for scamming for sure they will ban in in their country to help minimize criminals
Gaff
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April 26, 2018, 06:35:02 AM
 #366

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?
Governments only enacted laws to tax bitcoins. Governments will soon join the crypto market if they wantn't to be eliminated
Actually, the government of the countries all over the world have the authority to ban or to accept bitcoin. Today there are some countries haved accepted and used it legally but still many others don't accept even try to ban its operation. They consider it as illegal currency.But because of decentralized blockchain technology used, the government can not ban it fully. It is only can be controlled by all users involved in it.Probably in the coming years, bitcoin might be accepted and legally used after several talks and discussions regarding it. Laws and regulation are needed do be the basis of its operation daily.
Exactly! Bitcoin has no central authority, it isn’t owned by anyone. No banks, or governments can block you from sending or receiving bitcoins with anyone or anywhere else in the world. However, its wide acceptance has not been recognized by other countries and government. I don't think it can be totally banned because its ledger network can only be access to those who have been part of the blockchain technology. But government can control it's usage somehow, it has a jurisdiction.
Xavierfr12
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April 26, 2018, 07:43:31 AM
 #367

In other countries the bitcoin is ban because the think of gover is bitcoin are fake or scam some times the think of government the bitcoin is hacking systems.
elliot3003
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April 26, 2018, 08:59:19 AM
 #368

I think 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 they should offer some rules about bitcoin,should not to completely remove bitcoins in their country.
Donotfoolme
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April 26, 2018, 09:13:53 AM
 #369

i think no . just like cegarate goverment knows that cegarate's deadly but goverment cant even ban it ! because cegarates has a big tax
ClackKendi
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April 26, 2018, 09:40:51 AM
 #370

The government banned bitcoins because they were afraid of bitcoin as a bad influence on their citizens as well as their economies, and bitcoin did not hurt them. Bitcoin is a relatively safe and trusting environment for you so I believe the government's future. will not ban bitcoin
stripewhite
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April 26, 2018, 09:44:20 AM
 #371

Any gov that bans bitcoin will pass power to their competing countries who allow this innovation and then investors will just move.
Rubble898zaitO
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April 26, 2018, 10:24:41 AM
 #372

In my opinion, most of the governments who are not so friendly to Bitcoin are those who are threatened about it because it is something that they cannot control and it is something that they are not getting anything from like taxes. I think all they want is to ensure that they will get something out of it, most of them will just have regulations of applying taxes to Bitcoin.
jomel
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April 26, 2018, 10:48:39 AM
 #373

What I think if the government in our country ban the bitcoin, I think they wouldn't ban bitcoin instead they will think of a way in which bitcoin will help them in various way like taxing them to help the economy of our country.
Addywealth
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April 26, 2018, 10:52:27 AM
 #374

Bitcoin has been existing  for some years and it was able to withstand the test of time.  Government placing ban on bitcoin won't be a new developments.
threegods
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April 26, 2018, 11:00:41 AM
 #375

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.
money1122
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April 26, 2018, 11:13:19 AM
 #376

Bitcoin could divide World in two pieces. Some goverments using Bitcoin some banned it. It looks likes red and blue pills, and everyone must make a decicion
rc411
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April 26, 2018, 11:21:59 AM
 #377

I heard news that some countries tried to ban cryptocurrency. But, in our country, the government is just planning to charge bitcoin users of tax.
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April 26, 2018, 11:24:23 AM
 #378

The government won't be able to ban bitcoin, only if all world governments collude and disable the internet, but this will not happen, i think. The government may forbid us to pay with BTC and stores to accept it as a means of payment, but there will still be such crypto enthusiasts
 that will accept bitcoin regardless of whether the state permits or not. and no one will punish them for it, payments are anonymous.

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BertoloyBTC
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April 26, 2018, 11:25:52 AM
 #379

If the government can not have benefits with bitcoin, like taxes and securities and exchanges aknowledgement, then the government will surely banned that bitcoin in that area or country it activated. So if the bitcoin can not have coutesy agreement between bitcoin and government this means that bitcoin will banned by that goverent.
Blackmet
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April 26, 2018, 12:19:56 PM
 #380

At my opinion would be very difficult for any government to ban bitcoin. Internet nowadays have many possiblilties and can't be controled that easily like newspapers for example.

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