Will the government ban bitcoin?

[anzhanbei1214068]

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?

[threesome333]

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?

Governments only enacted laws to tax bitcoins. Governments will soon join the crypto market if they wantn't to be eliminated

[leviathon]

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.

[uchiha_madara]

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

[Zandra]

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.

[Rahman11]

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.

[Dlalshd]

No, if the benefits brought by Bitcoin are large enough, the government will certainly allow it. The biggest drawback of Bitcoin is that it will not control any government, and it will not be able to control Bitcoin, which will have a great impact on the economies of various countries.

[DBronze98]

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?

Do not worry as more and more countries give out information that it is forbidden and treat it as an illegal form. As there are now many large states that accept it as legitimate and intend to use it to practice their crypto.

[Chachacoin17]

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.

Banning bitcoin will be possible to be happen because government always think that this transaction is a scam and can make chaos to everyone. It will be ban by the government if ever they dont know what really bitcoin is and how it really helps many people for their living. Government will ban bitcoin because they always think negative about bitcoin and that was makes them wrong.

[Washball]

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.

[98a9sdafaw]

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.

[btcmegastar]

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.

Exactly, banning bitcoin is not possible but to legalise the bitcoin they need to follow a lot of rules and regulation. Of they won't follow proper rules governments can't benefit from the taxes.

[nsasuiteb]

Governments will not ban bitcoin but they will regulate exchanges, ico, and some other things, they in fact can't directly affect bitcoin.

[1NV3ST0NM3]

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?

Now there can be two variants to this question. If you want btc to be installed as a legal tender in your country I think thre is hardly any chance that government might make it so. But yes if you think govt. can completely ban btc then too you are quite wrong. BTC can be openly criticized but its almost impossible to stop all those transactions that are going on in btc.

[AimHigh]

Yes they can ban bitcoin just like what happened in my country before that when bitcoin announce the value was reach up to $20,000 they are afraid and worried on what happen the curreny currency of our country and one of the reason and causes of the people make it a scam so that is why they banned and if they got you using bitcoin they put you in the jail because of they declare that the bitcoin was illegal but now they put it in legal.

[barbiecover]

Bitcoin could divide World in two pieces. Some goverments using Bitcoin some banned it. It looks likes red and blue pills, and everyone must make a decicion

[gemajai]

It depends on which country that government is in. Not all governments give the same response to bitcoin. Some act to regulate it to protect other users from scammers. Others, like Israel, do not include it in their official tradings in the stock market but lets bitcoin exist in their country. Others are still studying and observing its effect on their economy. Others have already welcomed it and are already making plans to legalize its use. I believe that if governments should make a move against bitcoin, it should be for the benefit of its citizens.

[Skieleton]

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?

Governments only enacted laws to tax bitcoins. Governments will soon join the crypto market if they wantn't to be eliminated

I agree. You can not block the possibility of buying BTC. BTC gives you the opportunity to earn a lot of tax revenue. It would be strange if you did not have the opportunity to raise funds.

[ghost07]

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 me only bad transaction maybe the way to ban bitcoin to some countries because that bad transaction can affect the background of that country. Another thing if bitcoin dont pay taxes maybe they will close all transaction for bitcoin.

[ahmad21]

Marijuana is banned in US and it is creating much more nuisance for the Govt. than it could have created if it was legal. In the same sense its almost impossible for governments to stop this bitcoin circle going on. The private usage of bitcoin will increase its illegal circulation and as we all know that there is no way to trace someone using private keys. Even any kind of tax income which govt could have collected earlier will now be impossible to collect. Therefore government will not ban bitcoin.m