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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
Zumbiko
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April 28, 2018, 08:46:48 PM
 #521

some countries do not prohibit bitcoin but support it. so not all governments will ban bitcoins.
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April 28, 2018, 09:43:25 PM
 #522

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 some government in other countries who banned bitcoin and declared it as a illegal currency. There are still governments who still decides if they will banned bitcoin in their country. Banning bitcoin is also the reason why its valu starting to decrease because we lost many investors in that certain countries.

 
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April 28, 2018, 10:57:22 PM
 #523

Although governments and moreover government banks are sceptical about btc, block-chain is a groundbreaking tech and wont be banned.
Also EU has shown a big interest and also action to help new block chain start ups.

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April 28, 2018, 11:02:10 PM
 #524

I think the government can ban the bitcoin. When bitcoins affect the development of the world economy, they will ban the bitcoin activity. Countries such as India and China have banned bitcoins.

 
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MakLampir
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April 28, 2018, 11:04:16 PM
 #525

yes the government will ban bitcoin because the government is afraid of the progress of the times and not ready to accept things related to bitcoin and can not overcome the problems that are in bitcoin and can not regulate it. perhaps what you said about the government's move on forcing the bitcoin exchange to be closed and so on, is likely to happen. but as time goes by the government will understand about bitcoin and can accept and also regulate good or bad bitcoin.
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April 28, 2018, 11:05:31 PM
 #526

Different Governments have different policies on how to deal with Bitcoins. they all cannot be of the same stand as some will consider BTC a threat will others will see it as a chance to provide employment opportunity  for its people especially the younger generation, some governments will legalize the free operation of BTC while others will not, all depends on the policy. India, Chinese and recently Iran are some of the governments which have banned BTC while Germany ,Sweden and Estonia are some of the countries where BTC is legal.
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April 28, 2018, 11:06:16 PM
 #527

I think the government can ban the bitcoin. When bitcoins affect the country's economic development, they will ban bitcoins. They do not want the bitcoin to affect the lives of people. There are many countries forbidden bitcoin like russia, India.
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April 28, 2018, 11:08:35 PM
 #528

It depends on the government in your country. Bitcoi is a decentralized country, the government does not interfere with BTC so we are free to exchange online on foreign exchanges. My government has not fully accepted the BTC.

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April 28, 2018, 11:10:52 PM
 #529

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?

Well, in many countries they are at the point where "if you can not deal with the enemy, join them", others already accept cryptocurrencies with certain regulations, but in reality they can not prohibit it.
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April 28, 2018, 11:10:55 PM
 #530

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 28, 2018, 11:11:32 PM
 #531

I think the government can ban the bitcoin. When bitcoins affect the country's economic development, they will ban bitcoins. They do not want the bitcoin to affect the lives of people. There are many countries forbidden bitcoin like russia, India.
Well i agree with you that anytime the goverment can ban bitcoin, but i think right now the goverment is will not ban bitcoin because bitcoin is affecting an economy really well, because bitcoin is helping a lot of people to be profitable and bitcoin is helping unemployed person to make money. So i think the goverment will now support bitcoin instead to ban it.

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April 28, 2018, 11:23:02 PM
 #532

The government can set more rules or law that every nation should follow. We cannot control the government if they will eventually ban it. But i believe that someday their minds will finally open and see the benefits of btc in our technology.


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April 28, 2018, 11:25:34 PM
 #533

i think is very hard for the goverment to easier ban about bitcoin, it really serious tough you know for them to ban what people want, it can be a really serious matter in the future

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April 28, 2018, 11:43:35 PM
 #534

How come it is happened! Bitcoin now a days is modern technology of investment or online  many investor and bitcoiners are engaged in this business so many people help bitcoin because through this we earn money or get high profit.
So I don't see that there is a reason to ban bitcoin our government.
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April 28, 2018, 11:45:53 PM
 #535

I am also worried about it, if bitcoin already banned by the government it will be difficult to enter in the country
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April 28, 2018, 11:53:36 PM
 #536

According to my view the Government does not have good and substantial motivation to boycott bitcoin. Considering the way that bitcoin change numerous existences of individuals and help to lessen neediness through giving a road to diminish joblessness and offer opportunity to gain past the lowest pay permitted by law. The administration additionally don't have the ability to control the progression of innovation that may facilitate the living of their state and country. Possibly some legislature will simply execute some law to direct bitcoin to force charges from the profit financial specialists get from taking part in cryptos. Coherently, if the legislature truly concern and ensure their state, they will never boycott bitcoin.
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April 29, 2018, 12:38:10 AM
 #537

According to my view the Government does not have good and substantial motivation to boycott bitcoin. Considering the way that bitcoin change numerous existences of individuals and help to lessen neediness through giving a road to diminish joblessness and offer opportunity to gain past the lowest pay permitted by law. The administration additionally don't have the ability to control the progression of innovation that may facilitate the living of their state and country. Possibly some legislature will simply execute some law to direct bitcoin to force charges from the profit financial specialists get from taking part in cryptos. Coherently, if the legislature truly concern and ensure their state, they will never boycott bitcoin.


Most of the countries nowadays are legalizing because they can't afford to loss  a big amount of money they earn through taxes of bitcoin transactions.
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April 29, 2018, 12:52:48 AM
 #538

Normally i think it wont ban,because this bitcoin had gave a new life to many citizen and hence results in improving economy of country,also it is a good banking system where can transaction is possible with through out the countries hence improveing in didgitalized of country system.
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April 29, 2018, 01:04:37 AM
 #539

Some other government already banned the bitcoin as it has no authority to control.Bitcoin might be an instrument for some crime.That is the downside of bitcoin.Some opportunist might use this cryptocurrency for their illegal activities.
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April 29, 2018, 01:46:29 AM
 #540

I think its not possible because this bitcoin changed life of many citizen of country hence improveing their standard living style results in economical development of country also this bitcoin banking transaction are free throughout the world,so government had good chances to applicable the bitcoin in country.
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