Will the government ban bitcoin?

[yoseph]

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

By trying to regulate the sale and purchase of bitcoins means that the governments are really getting something good out of Bitcoins, otherwise they would have shut it down already and though the initially claim that they want to ban it, They have found out regulating it is the best option here.

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[Sum24]

you made again this threads so many topic about government bitcoin ban, i will recommend to you my friend before you make a new thread make sure there nothing the same. some government want to ban crypto because they to regulate bitcoin as currency there's only one reason i can seen on that issue, because government want to collect taxes from crypto's.

Yes sir you are right there are a lot of countries who want to make bitcoin regulate because bitcoin is the only currency which is helping countries in their economy so I think if we support bitcoin so it will bring revaluation around the world although some countries are against bitcoin but still bitcoin is very strong and popular in market and some countries they have accepted bitcoin and want to make it legal.

[Reid]

I think so.
But it is for their own purposes not for the people of their country.
Bitcoin can make the life of every human to much easier and faster. No more lines in paying bills and other stuffs.
Japan did it, then why not with other countries.
If the joke of stepping in the monetary system is their reason then it is a hell of a joke to be laughed with. Tradition will stay but we also need to push it up for change.

[lordmick]

Cryptocurrencies have firmly entered our life and now nothing can change with simple prohibitions. The state will have to regulate this new industry and try to generate revenue from it. Therefore, it is precisely the correct regulation of the cryptomarket that will become the basis for the growth of the price of not only Bitcoin, but also other alternative coins. So government will not  ban bitocoin.

[ololajulo]

I believe government is not trying to ban bitcoin but to gain control over the price and use. Not only bitcoin but all other altcoins, to reduce fraud and money laundering. In this process posing a challenge to bitcoin to improve it use and transaction speed/fee. The crytocurrency will improve with time and hope the Lightning network will be an advantage

[StayFly]

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.

It is almost impossible for the government to ban bitcoin completely. bitcoin is a peer-to-peer digital currency which uses the internet to perform a transaction. I think the government is smart enough to understand how bitcoin works and provide the proper way to treat bitcoin than trying to ban it which is not possible at some point. If you take for example China, the government there, already banned bitcoin but the people in China are still using bitcoin in the other way around.

[Breackup]

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 still decentralized . It is difficult to tell what the government thinks. Because the government can think of it as an anti-social. Because social media is  busy spreading false news about Bitcoin . Yes, their campaign is not entirely wrong. Because many people use Bitcoin for anti social purposes.  The government has all the power. If the government thinks it is harmed by Bitcoin, then the government has the power to ban it. If the government considers Bitcoin's benefits, then he will not ban it. .Bitcoin causes economic structure to be strong.  And the country's economy will be strong enough to reach the peak of progress. But no government can privately close the Bitcoin. To stop Bitcoin all the cryptosystems must be dissolved.

[dvillier]

I think there is a little potential outcomes since I trust that the legislatures everywhere throughout the world don't have enough learning about bitcoin with the goal that they didn't recognize what is the fortunate thing about it.Also they don't have any motivation to boycott it since it gives a wellspring of salary to the jobless individuals.

[dvillier]

you made again this strings such a large number of subject about government bitcoin boycott, I will prescribe to you my companion before you ensure there nothing the same. some administration need to boycott crypto on the grounds that they to control bitcoin as cash there's just a single reason I can seen on that issue, since government need to gather charges from crypto's.

[Pier7]

Government cannot control the movement of digital currencies across borders and that's why these currencies already pose a threat. Bitcoin success would also be its downfall. That is why some countries banned the bitcoin. Here in my country, we are lucky the government support the bitcoin. They just made it legal so that they could regulate the flow of bitcoins for the consumer's protection.

[shezu007]

The govenrment is solid in doing such work, yet for what reason would the administration boycott such thing that could make the general population its vanquishing profitable. we should put our eyes on straightforward rationales on how bitcoin is an incredible thing.

[GeorgiyBilyk]

The Government WANTS to prohibit bitcoin, but it can not! this crypto market is developing very fast! officials and banks see how they swim away big money! on this they push out negative news and various prohibitions! But no matter how they put the stick in the wheel, the bikkin became very popular all over the world and its development can not be stopped!

[fullhdpixel]

The govenrment is solid in doing such work, yet for what reason would the administration boycott such thing that could make the general population its vanquishing profitable. we should put our eyes on straightforward rationales on how bitcoin is an incredible thing.

Staying logical in life always help you in every regard of life because imaginations usually make you fool and lead to high disappointment.

Government needs to go through the technology and benefits of bitcoin in detail since the general public is making their livings with this coin, so it would be not fair and just on the part of government to deprive them of such an amazing technology without providing any alternative.

[Satish147]

Haha I am laughing now. Do you see how China banned Cryptocurrencies but how the people and exchanges are able to operate even after ban

For example OKex and Binance changed their presence from China to Hong Kong.

[nickmax]

In order to prohibit bitcoin, all countries need to unite and make a unified decision. But this is not possible in this situation. All countries are different and each has its own way of developing the economy. Therefore, bitcoin will develop, and the speed of development depends only on the decision of influential states with a strong economy.

[Divyanshu2710]

It varies from country to country.
Japan,U.S.A and many other countries are accepting bitcoin so maybe seeing them developing countries too allow their people to trade in bitcoin.
I know govt. is having issues from bitcoin in many ways but it's profitable too.

[Hovhannes]

I do not think that the government will go for such a stupid decision. Solve problems with the help of a ban, this is the worst and stupid option. The government will regulate and collect taxes.

[spiritguardcharles]

I don't think so, it's too unreasonable for bitcoin to get banned by the government without any logical reasons or explanation but we can't still deny the fact that they're capable,as well as the power to suppress the operation of bitcoin in a particular country since the government is the most influencial form of institution which regulates a large mass of people in a country,

[beezunus]

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?

the government can indeed ban bitcoin on the grounds that bitcoin is harmful or anything but still can not control the use and circulation of bitcoin.

[VeronAncient]

in my country, bitcoin and altcoin are prohibited for transactional tools because there is no security guarantee for bitcoin users. and the government forbids the circulation of bitcoin for fear of being used for crime, terrorism and money laundering. but people keep searching and storing bitcoin even though it's banned in my country.