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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
soramon
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April 27, 2018, 07:14:41 AM
 #461

There is a possibilty government ban bitcoin. in my country government illegalize bitcoin and cryptocurrency. Bitcoin illegal as a payment method in my country,  so we never buy a things here. I hope bitcoin will legal in this world and my country unban bitcoin.

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April 27, 2018, 07:16:58 AM
 #462

we can not say that if they change the bitcoin because we just look at the details but then they would not care about it because we hope and help our family through bitcoin but we pray that we do not They change it so we do not have to worry about it.
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April 27, 2018, 07:26:28 AM
 #463

Governments will definitely not ban cryptocurrencies. They all see the advantages of cryptocurrencies and they want to profit also. So they will have regulations in order to keep control and to tax the transactions. The big problem is that cryptocurrencies will no longer be decentralized. Investors will think twice before stepping in and the price will not reach the heights we've seen before. 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.
Ethan Argu
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April 27, 2018, 11:47:35 AM
 #464

Maybe  because some countries are already banned the bitcoin because they use it on criminality act like trading on illegal way. So the goverment is ready to take a move to vanish the bad habits using bitcoin.

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April 27, 2018, 11:50:20 AM
 #465

only a few countries are banning bitcoins, because now there are regulations in some countries that enforce bitcoin bans or legalize bitcoi. so I do not think this is the right time for the administration to ban bitcoin because bitcoin will continue to run and will grow.

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April 27, 2018, 11:58:34 AM
 #466

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 government will accept Bitcoin in the next few years, now that the government is suspicious of Bitcoin, and they fear Bitcoin will undermine their nation's economy. But after knowing the benefits of Bitcoin, I firmly believe that they will accept Bitcoin
nani culi
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April 27, 2018, 02:34:59 PM
 #467

I know there is really is a probability of banning bitcoin  yet they have no choice but to be wuth what people want
Charity07
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April 27, 2018, 02:38:36 PM
 #468

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.
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April 27, 2018, 02:44:13 PM
 #469

If its possible to happen i think they will already ban bitcoin before. Governments are just making warning to people because there are news that bitcoin is a scam because of the person who use the name bitcoin to scam lot of people, but its not that easy to ban bitcoin because other people and investors know the truth about BTC.

Magic Sarap
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April 27, 2018, 03:17:13 PM
 #470

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?
Yes there is a possibility that government will ban bitcoin,  but I think it is improbable to happen. Here in Philippines,  most of the population didn't know bitcoin,  those who know bitcoin are actually aware of what bitcoin is and they know how useful it is.  Also,  the jurisdiction must study and they will ending up understanding that even though bitcoin is sometimes used in illegal activities,  it is just like the paper money which I think is not the root of bad things but the greediness and bad mentality of humans is.
I know that there is a possibility of banning bitcoin by the government because some use it for illegal purposes. But i think it depends on country because some of country's here in asia already baned crypto currency.

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April 27, 2018, 03:19:47 PM
 #471

Although BTC is get ban by government, surely many people are still using BTC by all means. Because no one can stop the Internet.
Ronyx
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April 27, 2018, 03:26:49 PM
 #472

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 government will find it difficult to ban bitcoin because bitcoin is a decentralized digital currency and anyone will never be able to control the movement of bitcoin including the government.

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April 27, 2018, 03:36:53 PM
 #473

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 is decentralized, Bitcoin is unstoppable ( statement by Bill gates ), Bitcoin is unstable, Bitcoin can't be control by anyone. I hope you heard these words from somewhere if not then read them again carefully. How bitcoin can be stopped  when is not in under control. Does not matter what Russian, Chinese Government do,  at the end they  become tired and lift their efforts to stop bitcoins.

Morgann
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April 27, 2018, 03:41:38 PM
 #474

they can ban bitcoin because they are the powerful personalities in every countries. if they see something illegal they will ban bitcoin because it may harm people when they got scam or abuse. but for me bitcoin will be legalize soon to all countries.
vendy86
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April 27, 2018, 03:49:27 PM
 #475

If we talk about legal,I think all country agree that bitcoin is illegal as a payment method.but if we talk bitcoin as an asset just like gold, some government still can accept that.that's why I more agree if we see bitcoin as an asset than a currency.and the only one that needs to be taxed is exchange not a holder.

tanginamoo
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April 27, 2018, 04:02:59 PM
 #476

they can ban bitcoin because they are the powerful personalities in every countries. if they see something illegal they will ban bitcoin because it may harm people when they got scam or abuse. but for me bitcoin will be legalize soon to all countries.

Also, additional to your statement, some government in other countries already banned the bitcoin like Nepal, Equador, Vietnam etc. So as for the question, yes the government has the capability to ban the bitcoin if they can see it as a threat to the economy.

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April 27, 2018, 04:07:31 PM
 #477

Banning bitcoin is bit hard for the goverment because i think it can be a benfit for any country that using bitcoin for their any using and the tax from it also good i think

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zissmieus
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April 27, 2018, 04:30:26 PM
 #478

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?
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There are currently over five countries banned by Bitcoin for a variety of reasons, but what worries them the most is that this currency will bring a lot of damage to them, I think Bitcoin may be the key. economic change for a country

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martirosyan666
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April 27, 2018, 04:58:09 PM
 #479

I think that the government is now wary of bitcoin only because it is a new phenomenon, maybe for someone incomprehensible, and the rulers have not yet decided how to accept cryptocurrency on the territory of their country. And in the future, I hope cryptocurrency will be adopted at least in most countries of the world.
zhundy
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April 27, 2018, 05:02:46 PM
 #480

Governments will definitely not ban cryptocurrencies. They all see the advantages of cryptocurrencies and they want to profit also. So they will have regulations in order to keep control and to tax the transactions. The big problem is that cryptocurrencies will no longer be decentralized. Investors will think twice before stepping in and the price will not reach the heights we've seen before.
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