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Author Topic: Will the government ban bitcoin?  (Read 1837 times)
troglobait
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April 23, 2018, 10:26:27 AM
 #161

I think that some countries will struggle with the crypto market, because they are afraid that a crypto currency can harm their economy

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D1n0
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April 23, 2018, 10:33:39 AM
 #162

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?
If any government decides that trading or ownership of bitcoin is illegal, then immediately the question arises: how to implement this ban? After all, the government will not be able to confiscate bitcoin owners, if they do not give private keys.
gravitik
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April 23, 2018, 10:36:58 AM
 #163

I don't think governments will ban bitcoin. on the contrary, many governments support cryptocurrency.
pekcoin01
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April 23, 2018, 10:40:32 AM
 #164

This is possible.
Many governments and government banks are already against the crypto money market. I write the reason for this under most topics.
With Crypto money, we can transfer money at any time. It's cheap and fast.
For this reason, governments can ban bitcoin.
dodz031718
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April 23, 2018, 10:41:04 AM
 #165

Some government in other country want to ban bitcoin because they want to regulate it as currency.The reason i can seen in this issue is because government want to collect taxes from crypto currency.
BelieveInBTC
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April 23, 2018, 10:45:44 AM
 #166

Some governments have banned Bitcoin because they thought that it might be a danger to their economy. It's funny that Bitcoin was banned in countries with hyperinflation. They try to prohibit their citizens to buy a currency which is far more stable than their national currency. I don't think that Bitcoin will be banned in the first world countries. It is because many investors have already invested in Bitcoin and they would definitely oppose the government.

wahyu5
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April 23, 2018, 10:50:16 AM
 #167

Actually, the government has the right and authority to ban bitcoin operation. But in reality, bitcoin operates with decentralized blockchain technology system and it seems impossible to control fully or ban it. It only can be controlled by all users involved in it. Today, may be only the japanese government has accepted officially bitcoin to operate and widely used every day. While in many other countries, bitcoin is still in process of legalizing it because regulation is needed concerning bitcoin operation. Under formal laws or regulation, the government can collect tax from bitcoin to support the economy.I predict that in the future, bitcoin has the opportunity to be accepted globally and become a global digital currency and will not be banned.
mihir2018
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April 23, 2018, 10:50:35 AM
 #168

The government will make it legal by using the tax system. Bitcoin now corresponds to decentralized cryptocurrency. No government can bend it because it is now being privately used.
aqila putri
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April 23, 2018, 10:55:29 AM
 #169

The government will not directly ban anything with a large market capitalization. Because As now there are many major countries that accept it as legitimate and intend to use it to practice crypto
dominional
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April 23, 2018, 10:58:03 AM
 #170

 Will the government ban bitcoin? It depend on the country that is involved.  Government cannot ban bitcoin because different countries  with different ideology on bitcon, if the country is not supt of it it won't strive

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Al Muhaimin
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April 23, 2018, 11:01:00 AM
 #171

if that happens then this will hurt many people because there are so many people who use bitcoin as a source of income and also as a future investment but if you look at the development of many countries that have used bitcoin as a transaction and very little chance the government prohibits the existence of bitcoin.
blatchcorn
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April 23, 2018, 11:07:31 AM
 #172

if the government will ban the bitcoin then still people also work on by using with some other thing because its just like phone we can not survive without btc we cannot survive ever btc became needs for everyone where people make money from it and can make better life without ant problem.
Khalp1
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April 23, 2018, 11:08:32 AM
 #173

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 a global currency so if a state makes it illegal, the only result will be the hurt of their citizens, because it will be used elsewhere.
mxyzptlkof6th
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April 23, 2018, 11:18:15 AM
 #174

For me, i don’t think so. Because it depends on what country are involved. And government will not ban just that easy, they can’t ban anything that has a large market capitalization. And i think many government in each countries are supporting cryptocurrency.
pekavcilar01
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April 23, 2018, 11:21:12 AM
 #175

Possible. Banks do not like bitcoin anyway. The reason for this is already clear.
The Crpyo Stock Exchange is now one of the most important stock exchanges in the world. Even if the countries are banned as much as they want, people will continue to use it in some way.
I hope the whole world accepts the CrPyTo exchange and it will be important for the future.
nicko122
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April 23, 2018, 11:33:01 AM
 #176

This will not be so easy, because they have long been trying to ban cryptocurrencies, but so far they are not doing very well. I hope, in the end, the governments of different countries will stop trying to ban cryptocurrencies.
money1122
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April 23, 2018, 11:35:15 AM
 #177

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
jerowacik
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April 23, 2018, 11:38:35 AM
 #178

Depending on if, and how, they ban Bitcoin (for example, they may let us ship the hardware out of the country to continue mining). Exactly how Bitcoin would be banned by the average mobile wallet user has not been determined, and the ban may only apply to such business-related uses like investment startups.
icecube45
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April 23, 2018, 11:40:33 AM
 #179

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.
Yakapo
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April 23, 2018, 11:40:46 AM
 #180

Governments may or may not ban BTC,depending on their national economic principles and guidelines, those that view BTC as a threst the the Nation's Economic safety will do away with it, those willing to embrace it too will
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