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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
alon_alon
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April 26, 2018, 12:20:52 PM
 #381

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?
Not all Governments will ban Bitcoin in their country. Yes, there may indeed be some Government that prohibits Bitcoin in his country. The government of my country indeed forbids Bitcoin but only prohibits if used as a tool of transactions, if as investment assets are still allowed the most important is always careful in doing so. Because the Government in my country also do not want if the citizens suffered huge losses due to investing in Bitcoin.
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April 26, 2018, 12:24:21 PM
 #382

it is possible, but the technologi. i don't think so
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April 26, 2018, 12:25:43 PM
 #383

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?
In my country, the government is now fully recognized bitcoins as money. They will not ban bitcoin because bitcoin has now important role in our economy. Many people are now using digital currencies because of the benefits that they can earn.

 
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April 26, 2018, 12:27:27 PM
 #384

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?
Maybe yes if bitcoin will be a threat to the protection of the people in the country and if the criminals use bitcoin for illegal purposes. Bitcoin can be a payment system, maybe the criminals use bitcoin to pay all the drugs the bought and illegal activities that they did. Government can ban bitcoim if it is a threat to the money that the people invest.

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April 26, 2018, 12:52:31 PM
 #385

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?
In my country, the government is now fully recognized bitcoins as money. They will not ban bitcoin because bitcoin has now important role in our economy. Many people are now using digital currencies because of the benefits that they can earn.

Right. Not all countries are against btc. In fact, if you think about it, there are more countries who are leaning toward accepting bitcoin and crypto. Of course those governments that implement ban have valid reasons but certain things can be done to make btc acceptable to them as well

 
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mick42
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April 26, 2018, 12:54:58 PM
 #386

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
ekoja
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April 26, 2018, 12:59:20 PM
 #387

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?

What do you mean by "government"? There are already some governments who ban the Bitcoins and other coins now. But in other countries, Bitcoin are welcomed.
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April 26, 2018, 01:00:45 PM
 #388

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?

With ideas like these, they'll probably follow these kinds of methods in banning bitcoins totally in their governments. Countries would shut off the bitcoin exchanges to prevent trades and movement. The government can even punish banks that allow bitcoin transactions.

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April 26, 2018, 01:01:28 PM
 #389

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 the governments are aiming to build a country with modern technology that meets the needs of the people. Bitcoin is the most modern technology in the financial industry. The government is seeking to improve its management so that Bitcoin is recognized and used extensively throughout the world. On the other hand Bitcoin itself has many improvements to be trusted by people and no longer worry about the use of Bitcoin to do illegal.
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April 26, 2018, 01:03:10 PM
 #390

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 hope not because bitcoin does nothing but to help other people who uses or invests in it. Maybe someday tye government would realize that bitcoin is a very helpful platform to solve poverty and unemployment which is one of the major problems in the world.

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April 26, 2018, 01:03:44 PM
 #391

Yes govt has started banning bitcoins and other cryptocurrency. Few Country are also banning the cryptocurrency. If you want to buy any coins from blockchain technology. then buy blockchain assets. it is safe and secure.
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April 26, 2018, 01:04:29 PM
 #392

Government should not ban bitcoin because bitcoin price increase day by bay.Its helps the government grow quickly so government can't ban bitcoin
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April 26, 2018, 01:09:01 PM
 #393

That's that is fully possible, but problem are illegal as any and allow at the following events, each country is another. Grin Grin Grin
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April 26, 2018, 01:26:31 PM
 #394

most likely yes, but it will happen if criminals are already using Bitcoin as their crime

It's possible to be happen to use bitcoin in their crime,  I heard there some people use bitcoin to their bad doing. And there's possibility to government will ban bitcoin.

Use of BTC for crime purpose is just one one reason to ban BTC. The other reason why governments dont like BTC is because it will take the financial control away from governments, as BTC is decentralized and distributed. Many governments have already banned BTC along with other crypto in there country.
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April 26, 2018, 01:33:30 PM
 #395

no govt can ever ban bitcoin we cant see in near future govt banning and members can access through vpn all bitcoin-based sites
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April 26, 2018, 01:39:27 PM
 #396

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 do not think the government will ban bitcoin as it is also a means for the government to make money. And in the long run they will benefit from bitcoin by regulating it and trying to lokk out for criminals trying t launder money

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April 26, 2018, 01:41:54 PM
 #397

Governments aren't going to ban Bitcoin now. It has become too big to fail now. Billions of dollars have been invested into Bitcoins. Government isn't going to straight out ban a thing with such a big market cap.
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April 26, 2018, 01:44:14 PM
 #398

Although there is nothing that can stop a government or central bank from banning Bitcoin.Most would not go that far for two reasons.Bitcoin has no centre to attack. There is no single organisation or person that controls Bitcoin and transactions don't go through a central clearing house there is really no way a regulator can stop people from downloading Bitcoin.
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April 26, 2018, 01:46:33 PM
 #399

no govt can ever ban bitcoin we cant see in near future govt banning and members can access through vpn all bitcoin-based sites

If there are more than 10 governments governing more than 10% of the population do not ban bitcoin, the bitcoin can also be used by other nations. People will use special methods to use it.
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April 26, 2018, 01:49:43 PM
 #400

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 also think that if the bad guys take advantage of bitconin to commit crimes, then in those countries the government is going to have a reasonable solution for this electronic money.
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