When the government forbids cryptocurrency

[biskitop]

there will be no big impact when the government bans bitcoin. society will return to paypla and credit cards to make online transactions, which means it will be more complicated than using bitcoin. bitcoin is simpler and faster, and also safe, and that is a fact.

[MTNAX]

In my opinion, when the government prohibits bitcoin, there is no big impact and it is not too influential for us, because even though we are prohibited, we still invest in bitcoin. All this because we have no other choice and the cryptocurrency has proven that we can make a profit through investing in bitcoin, so they will think over and over to leave bitcoin even though the government has banned it.

[arbifahrozy]

it is very sad if the state prohibits the exchange of coins in the relevant bank in that country. the problem is when we can buy but cannot exchange profits. such countries are waiting or seeing other countries that are the same whether they continue to prohibit or continue to regulate.

[andrei56]

there will be no big impact when the government bans bitcoin. society will return to paypla and credit cards to make online transactions, which means it will be more complicated than using bitcoin. bitcoin is simpler and faster, and also safe, and that is a fact.

There will be an impact if governments ban cryptocurrencies but after the shock of hearing such news and the volatility that this will bring the normality will come back to the market, this is why governments are not taking that step they know that at best they can create some short term instability but nothing more and what they want is to control the market of cryptocurrencies but we know that is impossible.

[buharikx31]

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad

Indeed, every goverment intersted on taxing this type of transactions because they could be high value and increase their budget, but every goverment have different opinions about cryptocurrencies and giving it for free usage or trying to control them. But better when goverments have passive position on cryptocurrencies not touching it and giving people a chance to use it for their own usage

[andika2018]

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad

Hard for government to forbid cryptocurrency. Crypto transaction reach million dollar every day and its much better for government to take benefits from cryptocurrency market. Cryptocurrency is the future of payment and government can not stop it, i think

[raidarksword]

Government begun to forbid crypto currency when bitcoin was getting so much attention from people wanted a change and making noise on news and making uptrend on social media platforms. Now, everything was changed because there are some countries allowed crypto currency to enter into their economy by adapting and accepting the future currency that will surely be widely used by other countries as well.

[DisWhale]

Crypto and Bitcoin cannot be banned entirely because it is decentralized. No one owns crypto or have control to cease the transactions on the Blockchain. Countries where merchants of Bitcoin or crypto are banned can trade using the escrow market with other countries.

[maculeth]

the only losers are investors and the development team, the state will not lose when crypto is prohibited by the government.

[mornabo]

Government begun to forbid crypto currency when bitcoin was getting so much attention from people wanted a change and making noise on news and making uptrend on social media platforms. Now, everything was changed because there are some countries allowed crypto currency to enter into their economy by adapting and accepting the future currency that will surely be widely used by other countries as well.

maybe it started when 2012 when bitcoin prices skyrocketed and almost all eyes were on bitcoin, many media around the world reported that skyrocketing prices and bitcoin were getting worldwide attention ever since, and heard by the government, and with that threat the government banned bitcoin

[nguyenthanhvien]

but now, many country accept bitcoin. for investment, trading, or as payment method.
government have reason why they ban crypto in their country, and im sure there are many reason that make the country threatened. i know if crypto is profitable to make money, but they not talking about money.

I agree. Many places in the world are changing their minds when they realize the real value of Bitcoin. I think the next few years Bitcoin will be accepted around the world.

[suzanne5223]

Government begun to forbid crypto currency when bitcoin was getting so much attention from people wanted a change and making noise on news and making uptrend on social media platforms. Now, everything was changed because there are some countries allowed crypto currency to enter into their economy by adapting and accepting the future currency that will surely be widely used by other countries as well.

Those government that place ban on bitcoin or other crypto currency are been selfish and denying their citizen the right of democracy. However, the reason behind their negative habit towards Bitcoin because cryptoe gives people liberation but they say bitcoin is a threat to their economy.

[syamster]

Government begun to forbid crypto currency when bitcoin was getting so much attention from people wanted a change and making noise on news and making uptrend on social media platforms. Now, everything was changed because there are some countries allowed crypto currency to enter into their economy by adapting and accepting the future currency that will surely be widely used by other countries as well.

Same as you I am sure no government can ever prohibit the movement of bitcoin in their country, because we all know bitcoin has high potential and it is being use as a goal of making money, so people are interested in using it and no government can control it because all investors are being so high in determination and they are increasing in number day by day, it means it is almost impossible to forbid bitcoin.

[trauchot]

There is nothing you can do, you need to search for a ban bypass or look for other earnings. In many countries, the situation is the same, but as I know, people have found ways to bypass the system and are still working with cryptocurrency, but the risk of getting caught is too high, so the every person has to decide what to do.

[Anyobsss]

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad

Didn't know that direct bitcoin transactions can be blocked. Would you mind telling us which country are you from?
Internet access could be controlled ex. is north Korea but i don't think that it would be possible to block bitcoin transactions.

[DAVETUN]

Government  can raise a ban or  regulations , but sure this can be mostly limited to when individual want to convert there earning  to  fiat, transactions can be trace and apprehended, But  for Bitcoin transaction you can by pas the internet restriction policy, No need to panic, crypto is still evolving, globally individual will be force to adopt the  community.

[mcTether]

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad

Don't br afraid mate. Your government will soon realize that cryptocurrency is one important concept it cannot do without. This is because it is already a worldwide phenomenon and your country cannot afford to miss out of the global trend.

[basyang]

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad

Hopefully, it will not come to this point that government forbid the used of bitcoin tranasctions. This is going to be a huge problem for all of us. Especially for those people who are relying in cryptocurrencies or somebody quit their job and focus on ICO projects. But I know there are countries that very open in comes to the innovation and believe that technology can really a big help for their economy.

[efxtrader]

I am believe there is always a way to access cryptocurrency if government forbid it. We are living on technology era and no one can block information or internet on these days. I dont believe government will always ban cryptocurrency, i am prefer believe government will take benefits from crypto market

[criza]

In banning the cryptocurrency of the government, the main reason why they do that is because the government does not have the benefits of gaininf as much as the people get involved to this. Since in cryptoccurency system, it is very difficult for only one body to regulate its distibution, hence, the government don't have the commission or part to the income. Some countries arounf the globe have already banned the cryptocurrency, but in out country's context, it has not yet been banned nor will be banned. However, if cryptocurrency will be banned, I think that it is imposibble for our country to ban it, but I think that if the government will insist, people will also insist their rights too, they will fight.