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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
qwertyuiop0987654321
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April 30, 2018, 12:49:10 AM
 #561

This question gets asked almost daily like clockwork. No, governments aren't going to ban Bitcoin now. It has become too big to fail now, just like banks. Billions of dollars have been invested into Bitcoins. Government isn't going to straight out ban a thing with such a big market cap.

I don't think the government will ban bitcoin as long as bitcoin don't do unnecessary stuffs or the people earning bitcoin will do unecessary things that might regulate the rule of the government or the so called laws.
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April 30, 2018, 01:00:02 AM
 #562

I think no, because there are many advantages of bitcoin that can't easily trash and result in banning bitcoin. Mny people accept bitcoin as their proper use of their savings so that they can also earn from it but even there is a disadvantages of bitcoin it is not enough to make this banned.
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April 30, 2018, 01:57:41 AM
 #563


What for? I think that it will be really difficult technically and in addition will bring only negative reviews and many people will lose their money
Teh-pucuk
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April 30, 2018, 01:57:52 AM
 #564

emang now there are some governments that prohibit bitcoin but it is not directly / have not agreed because the government depends on the same laws of the country.
the government now also participates in it. one day the government will endorse the existence of bitcoin .

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April 30, 2018, 02:02:18 AM
 #565

The government can ban bitcoin and we can not control if they will eventually ban it.
And it will can be a really serious matter in the future.because many people earn money from bitcoin.
Will for me government has the power to ban bitcoin but government should think it in a positive way because bitcoin can really do help our society  in terms of money matter.
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April 30, 2018, 02:20:24 AM
 #566

every country has its own rules about bitcoin.
if we look at the impact that occurs on bitcoin in my opinion more useful than evil, it now depends on how to respond to the current technological advances that happen to be in the present era of choice is in our hands.
because I think it is impossible for the state to eliminate bitcoin if its usefulness is very useful to many people.

 
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Mazda17
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April 30, 2018, 02:26:06 AM
 #567

In my country, bitcoin transactions are already in a banned state, but many people still invest in bitcoins because the state does not strongly prohibit it. I believe that the attitude of each country’s government is to wait and see, and then try to make relevant Solve the policy.
Sometimes the government strictly prohibits the existence of bitcoin because bitcoin may bring down the company's existing firms because he is afraid that all employees stop and change their minds to follow bitcoin because bitcoin is very profitable and also the government inaugurates the existence of bitcoin.
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April 30, 2018, 02:26:52 AM
 #568

It is the next step for the financial system so it's not going to happen. Whatever they do is just useless because crypto getting adopted is inevitable. Probably the only thing they can do is slow it down.
Elkafi
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April 30, 2018, 02:39:34 AM
 #569

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 should accept and legalize the bitcoin. The government can take taxes from the bitcoin transaction in their country. It is the future technology.
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April 30, 2018, 02:40:48 AM
 #570

Very simple. They can't get tax from Bitcoin, so they ban Bitcoin.

Government will ban anything which can make high profit but without taxes.
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April 30, 2018, 02:43:45 AM
 #571

Many players believe Bitcoin is a virtual currency, not a government and a country. Thus, banning public transactions can be easy, but underground trading is difficult to control.
manismanja
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April 30, 2018, 02:54:02 AM
 #572

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?

of course no matter how hard the government moves and try to ban the circulation of bitcoin I think it can never be because bitcoin is a digital currency that will not be controlled by anyone.

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kiky03
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April 30, 2018, 02:59:00 AM
 #573

Some government have already banned bitcoin but i think their people still manage to use bitcoin, in my country the State banks has turn bitcoin trading as illegal but still people continue trading bitcoin, i am hopeful that in respect of the increasing interest of the people in bitcoin government will very soon change their decision.
fndsr
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April 30, 2018, 03:11:32 AM
 #574

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?
for future prohibitions I think nobody can know but if we look at many countries that ban bitcoin they may only receive negative effects of citizens who invest with bitcoin for now my government still allow access bitcoin but prohibit direct sale and purchase transactions

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inyakizuryel
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April 30, 2018, 03:44:11 AM
 #575

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 government can't ban bitcoin, because of the deep information and related things about bitcoin, I don't think that bitcoin will be removed from any country, I think the best thing for the government to do with bitcoin is to put taxes on the transactions made with bitcoin or control and regulate bitcoin, but banning bitcoin is impossible because bitcoin is very wide.
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April 30, 2018, 03:49:20 AM
 #576

If bitcoin has the potential to destroy a country, whether in financial or other terms. Of course the government has the power and authority to ban bitcoin (transactions, circulation, use and all related with bitcoin). If bitcoin does not have that potential, the government has no specific reason for banning bitcoin.
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April 30, 2018, 04:02:49 AM
 #577

Bitcoin has many advantages it should not be banned government should check why misuse occur the should solve that problem not ban bitcoin
chirst adam94
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April 30, 2018, 04:03:05 AM
 #578

i think that we shoud stop talking about the banning of governments. all of them are fake news. no one wanna ban btc, they just wanna find out the way to control and collect tax from it
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April 30, 2018, 04:40:50 AM
 #579

there are some countries that have banned the use of bitcoins, but most countries do not prohibit the use of bitcoins. I would say that the government would definitely ban bitcoin if it could disrupt economic stability for a government or threaten equality in a government. but the government may also advocate the use of bitcoin if it can have a positive impact on the economy and the welfare and security of a government. so the prohibition or suggestion of bitcoin use in a government will depend largely on how the government sees the effects of the bitcoin itself in that government.
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April 30, 2018, 04:44:28 AM
 #580

I do not believe the government will ban Bitcoin, but it will be heavily regulated to prevent manipulation.
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