Government Will Use Blockchain But Crypto Currencies Will be Ignored?

[Solomonkingdom]

yeppp, the government would prefer blockchain but would bypass the release of electronic money or support it. Because they want to run the country, they have to master the economy.

[Donald Johnston]

The governments can’t ban something they can’t control, if they would like to destroy it, they would have to erase every node in the network which is nearly impossible - All the computers which contain the blockchain history need to be put offline.

[Ronald Lane]

No, but they could drive it underground and drop it's price.

They could ban the redemption of currency for bit coins. However even with tough enforcement people would still find a way of exchanging them - it just would get more complicated. People could always just exchange physical cash for bitcoins.

[Lester Atkins]

 they could stop the sale of goods and services for bit coin. This would affect shops and other physical fixed locations, but would not stop people doing quiet deals on the side. For example tradesmen often often discounts equal to the GST (VAT) rate for cash payments, and something similar could be done with bitcoins.

[salinizm]

Blockchain is one the most useful inventions of all times . Blockchain is completely necessary for today's world. For that reason, All of the governments want to have blockchain technology to have better economy. However, they are afraid of supporting cryptocurrencies because They do not have legal regulation about cryptos.

[Samuel Fields]

They can't ban bitcoin, but they can ban exchanges and adoption.

Of course this would not eliminate the presence of bitcoin, just as heroin ban doesn't make heroin go away, only opens up opportunities on black market and skyrockets the price in that particular market

[Donald Johnston]

No government can effectivily ban bitcoin (or any other digital record keeping system). They can ban exchanges and thus create another huge ilegal market, for only criminals and terrorist to use it. Governmets don't know yet, but their mafia taxing methods, money printing business and totalitarian money controls are coming to an end.

[muslol67]

I do not think there will be any ban anymore. An arrangement may be made for ICO processes, but this will not have much effect.

[Ronald Lane]

They can't ban something that they can't control.
But they can say "it is prohibited to use", but is just a say, with no value or action. Those words remain words and NOTHING can stop Bitcoin to be used.
Is like saying "from now on we ban breathing"... Ok so? People will continue breathing.

[Lester Atkins]

US gov has like 20,000 or more bigger fish to try. also if trump cuts government spending, how are they going to fund going after btc onramps/offramps. not likely.

[MiukoOk]

I do not think that. The Government will review and evaluate this. Besides the use of blockchain technology, I believe that the government will also put Bitcoin into the currency market. But to do that, Bitcoin, in my opinion, must be governed by clear, protect the interests of investors. So people can feel secure, believe in electronic money.

[IndigoRed]

With varying rules and regulations for very nation, it is a challenge to make cryptocurrencies or at least the most popular coin as a mode of payment. Omnipresence of crypto will only become a reality when it has a diverse acceptance.
It is a challenging path ahead, but with crypto’s structure and beneficial features, cryptos cannot be ignored. It will continue to manage to stay strong amongst all the hurdles being faced. Just continue to trust in it. Crypto will prevail as we move towards a more digital future. Do you agree?