Will the government ban bitcoin?

[Coinky]

Governments all over the world do not want their own currency lose its importance/value against cryptos and they will always try to ban any such system.China and many countries have already declared bitcoin/cryptos as illegal.But still cryptos are surviving .

[1715172052]

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[1715172052]

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[1715172052]

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[1715172052]

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[Gondwanaland]

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?

Itvis possible that the fovernment will ban the bitcoin because we all know that they are powerful. There aee many coubtries that they ban bitcoin because of the laws that they have. But as I see they are not become successful because even they banned it there's still a lot o f people are in bitcoin.

[bitcoinVPSD]

In my opinion, governments will not forbid bitcoin as it is growing day by day and is spreading in positive direction. I think governments will not try to ban it, but the government will promulgate regulations and tax policies so that bitcoin can be applied to the people of their country. People can exploit and use bitcoin. from that helping to develop their country's economy.

[ILuckyGuyI]

I don't think governments will ban Bitcoin in the future on the contrary i believe they will make Bitcoin the only currency. I don't think they will ignore Bitcoin's potential.

[schatzi]

It could be because it depends on the government will banned bitcoin or not. Because the government thinks bitcoin could have disrupted the country's economy. And the government did not want to take that risk, it's the main factor why the government ban bitcoin.

[Froloff92]

Most of the country are accept this. Bitcoin is a digital currency. Some county are ban bitcoin, because they think people use bitcoin for illgel activities.

[ArkiCrypto]

One of the possible reasons for a country to make a law in order to prohibit the use of Bitcoin and other cryptocurrency is that transactions made by the use of Bitcoin and other cryptocurrency can’t be traced by the government. Consequently this transactions can’t be taxed by the government, leaving a big impact unto the income of government.

Also, the government view Bitcoin and other cryptocurrency as threats to the their local currency, economy, and as a possible platform in committing of different types of crimes by anonymous law offenders taking advantage of the their identities being unknown by the public except the informations that they have chose to input into their profiles.

However, the possibility of banning the Bitcoin depends to the government of a particular country.

[trk]

Governments aren't going to ban Bitcoin now. It has become too big to fail now. Billions of dollars have been invested into Bitcoins. Government isn't going to straight out ban a thing with such a big market cap.

Unfortunately, government doesnt care about marketcap.
They have power to create regulations for their own country as they see fit.
So, yes it is possible and some countries will like we can see now.
But bitcoin, again, is to big to fail. They can ban it, but they surely cannot kill it

[S_tring]

I think not.is that even technically possible?I think that even if banned it's all for a while and everything will be as it was usually

[ajoygb]

Why government ban bitcoin if it is a big help for them especially the application where bitcoin used.  We all know  that government is about transparency and good governance so bitcoin is big help for them.  For a cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

[evichi]

Government decision regarding Bitcoin is discretional. It all depends on the government's opinion regarding cryptocurrency. Switzerland, Japan are cryptocurrency friendly. Other countries like Australia,  etc. are coming up with regulations on the use of Bitcoin. Certain hotels in Russia have plans to accept Bitcoin as method of payment for the upcoming World Cup. In my opinion,  the future of Bitcoin bright despite certain stringent regulations.

[Bet9ja111]

At my opinion would be very difficult for any government to ban bitcoin. Internet nowadays have many possiblilties and can't be controled that easily like newspapers for example

[MetalGear]

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 decision of government's banning of bitcoin is subjective. They all have their own reasons why they bitcoin among their citizens. This is an unfortunate event because we all not see the same things. Some think it is bad for their economy. But fortunately, not every government is like this. My country is one of these countries that are open to innovations and new opportunities from cryptocurrency.

[Lalafell]

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 great because even though some government has limit its citizens from using cryptocurrency, bitcoin is still popular and on demand. I think the reason behind this is because the are freaking out or paranoid that bitcoin is decentralized and they will be powerless to use it for their own good. Bitcoin doesn't kill the economy, it encourages the people to be part of it.

[ADEMNL]

I think that they will not do anything with bitcoin. If they wanted, long time ago they destroyed bitcoin. They understood that it is useless to struggle with it, it is easier to legitimize and impose taxes on trade in crypto-currencies

[Core.BUSTER]

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 only aims to help the people by providing more payment method and also a source of income for aspiring investors. If the government bans bitcoin, people will have hard time because they already invested on it. Bitcoin gives us hope and taught us how waiting patiently can take us to our dreams so I hope that the government will wait patiently too to see that.

[elvera]

There are few countries that restricted Bitcoin trades and in addition different Cryptos. Banning bitcoin in other countries will be possible to be happen because there is no control over them. If the advantages brought by Bitcoin are sufficiently huge, the administration will definitely permit it. The greatest downside of Bitcoin is that it won't control any administration, and they won’t have the capacity to control Bitcoin, which will greatly affect the economies of different nations.

[marcuslong]

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 he government are corrupt maybe they will create another blockchain which they will get more fees whenever withdraws happens , why government should not ban bitcoin there are some reasons first bitcoin can be the reason to grow the economy it depends on how they use it. More people are satisfied to use bitcoin because they can get what they deserve for hard working. The development of coins are making more which it makes more faster than other. Also government here in my country are supported by senadors/government and its already legalize by the bank.

[bellator66]

Yes, the government forbids free circulation of bitcoin.
Bitcoin is not a currency, but an asset.
There are several reasons why bitcoin is prohibited to circulate freely. One of them is the government feels it can not add value from its circulation.

[neerajmittaljii]

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.