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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
angelakrasnova
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April 27, 2018, 05:29:52 PM
 #481

No, I do not think, on the contrary, governments around the world are adopting bills to regulate bitcoins and improve the quality of the use of this technology
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April 27, 2018, 05:51:05 PM
Last edit: April 27, 2018, 06:16:21 PM by jakirdj95
 #482

The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway.bitcoin is called electronices  payment system . software developer is called   as an electronic payment system . bitcoin is make digital balance in weld . It can be used to buy or sell items from people and companies that accept bitcoin as payment, but it differs in several key ways from traditional currencies.
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April 27, 2018, 06:44:31 PM
 #483

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?
\
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

bitcoin has been banned because it has actively affected the fiat inflation rate. for example in China. They find it difficult to regulate instantly where crypto business is moving on a very large scale, it looks brutal because ICO investment pattern is not very supervised, so naturally if they finally choose to ban it, it also happens in India. But I'm not too worried because there are still many developed countries are pro-active with bitcoin.

 
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bellanas
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April 27, 2018, 06:55:48 PM
 #484

Many investors turn into bitcoin and of course the state does not like it. So, there are all sorts of events regarding bans.
Udrujec
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April 27, 2018, 08:48:32 PM
 #485

Bitcoin is too important an invention to the government could just go and ban him. Hundreds of thousands of people use bitcoin, many businessmen are increasingly using cryptocurrency in their business. You can't just ban bitcoin anymore.

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April 27, 2018, 08:59:45 PM
 #486

 Probably not. Because there are countries in the world that bitcoin is good for. Rather not even bitkoin himself but the likelihood that he or another crypto currency can replace and destroy the modern economy. Therefore, it is almost unreal to bite the bitcoin all over the world.
SixOfFive
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April 27, 2018, 08:59:55 PM
 #487

No, I don’t think so government will ban Bitcoin. Why people are continuously asking such questions? The amount invested in Bitcoin is so large. It’s not easy to simply ban something which has such a high worth in the eyes of public. The investors and the public will never let that happen. The government can introduce some regulations in the crypto sector which is actually beneficial for the public.
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April 27, 2018, 09:01:00 PM
 #488

It can happen, but not straightly. Governments have a way to do this, which is to ban them in their own country. But, if governments ban it, only those who know how to use VPN will be able to benefit from the cryptocurrency.
Urbinklin
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April 27, 2018, 09:03:02 PM
 #489

Now the government has a rather negative attitude towards bitcoin, I hope that there will be competent people who can explain to our conservative greedy rulers that bitcoin is necessary for the modern world.
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April 27, 2018, 09:10:47 PM
 #490

Bitcoin could probably have been forbidden if it was not so big, but bitcoin is now too big and there are thousands of people's capital, so I do not think that this burden will come through
Giftedcrypt
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April 27, 2018, 09:12:36 PM
 #491

Indeed the government has a negative attitude towards bitcoin but they don't have the potential to ban bitcoin. Critics will only come to scare the cowards away.
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April 27, 2018, 09:18:06 PM
 #492

I don't think they will want to ban cryptocurrency /bitcoin because of the technology, the only thing they will try to do is to regulate it so that they can have control over it.
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April 27, 2018, 10:34:56 PM
 #493

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 many countries have banned bitcoin and many countries are receiving bitcoin I think the government allows accessing bitcoin but prohibits in direct transactions using bitcoin

 
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Bionicgalaxy
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April 27, 2018, 10:55:03 PM
 #494

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?
There are already a lot of countries who banned bitcoin, so there are no doubt that there will be other countries will start to banned bitcoin again. Goverments thinks that bitcoin is a threat because they are afraid that bitcoin will someday replace the current currency and banks will be removed. They do not know that bitcoin is very helpful in the economy because it givens people a good income and it reduces unemployed people.
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April 27, 2018, 11:00:39 PM
 #495

it looks like the government is trying and trying very hard to ban bitcoin because some people are frightened by the existence of digital currencies such as bitcoin, thus pressuring the government to try to ban the circulation of bitcoin.
I dont believe that the goverment will ban bitcoin, because i think there are a lot of goverment now is adopting how to used bitcoin and how to used the other cryptocurrency, and there is no doubt that bitcoin will exist in this world for many years.

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April 27, 2018, 11:04:05 PM
 #496

I suspect the biggest threat is banks closing accounts related to cryptocurrencies.

A bank and state co-ordinated attack would probably be something like this:

1. Gov. bans cryptocurrencies, and hand out hefty fines or punishments. Maybe on the grounds of money-laundering, tax evasion schemes, anti-destabilization, or something like that.

2. Banks put in clauses that you can't use their accounts or services to buy or sell cryptos.

One will work as a deterrent to deal in cryptos, other will make it a pain in the ass, or remove incentives (i.e earning fiat via cryptos).
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April 28, 2018, 12:48:21 AM
 #497

I think we can't say yes or no. But for my own opinion. Bitcoin is a unknown? So why government ban it. Here in my country, many people arrested because of using bitcoin as a scam. Bitcoin help us to grow. So we need to say thanks to bitcoin.😇
Birin016
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April 28, 2018, 03:22:52 AM
 #498

The Governments can only ban exchanges, if they are afraid of bitcoin, but it can not stop people to use bitcoin. Bitcoin is decentralized and borderless. it is a product of technology, nothing can stop technologies. there will always be ways for bitcoin users to gain profit under tied regulations.
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April 28, 2018, 03:38:20 AM
 #499

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?
Different Government different again his thinking. Depending on what each Government has thought about Bitcoin. If the Government does not like Bitcoin, then Bitcoin will be banned completely in the country. But if the Government still likes and receives Bitcoin, Bitcoin will not be banned and will even be legalized.
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April 28, 2018, 03:46:29 AM
 #500

Governments will not ban bitcoin but they will regulate exchanges, ico, and some other things,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.
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