Will bitcoin get banned worldwide?

[Lauren Smith]

Why would they ban somethings which can make people to pay more taxes? More money for countries.

I fear the day when multiple countries are going to take Bitcoin down. Bitcoin is already used a lot in criminal activities.

So is the money, I don't see that money is banned because of that.

Bitcoin is decentralized and so the banning won't arise because it can't be monitored easily.

With all these KYC's I am pretty sure it can be monitored. You want to buy something online - all "they" need is to ask you your ID's, when revision comes sellers will have to provide to regulatory organs your identification and then you can say by by to anonymity. You want to do "hand to hand" trade with someone? Guess what, someone will eventually exchange crypto -> fiat, exchange will ask them to identify themselves.  Just give authorities some time to regulate all crypto-related things. I hope that you are aware that authorities can force crypto traders to not anonymously trade with other people and to provide them information about source.

Lol what a load of crap.

It cannot be monitored easily they struggle to monitor even basic things. It takes much man power. Noone is going to be asking anyone for their ID when purchasing something. Why would you ask for an ID? They can never enforce that its just too much time waste. You don't need to trade crypto to fiat and you can also use places that do not ask for your ID for every little trade. authorities cannot force you to reveal yourself or anyone else for that matter where the hell do you get this info from? You most certainly do not have to provide any source info. Jesus dude what do you think the government can just do what it likes?

[cahbagus555]

It's possible for all countries to ban Bitcoin but it's less likely for all countries to agree on something because people have different opinions and as malboroza mentioned they could increase the tax on exchanges as a way of discouraging bitcoin payments.

How is that possible! Is it going to be banned by the world bank or what. It is v going to be very difficult for anyone to ban the use of bitcoin across the globe. At the least, there are still independent countries in the world whose  governments do not oppose the use of bitcoin by the citizenry.

If there's a ban it's usually the banks and exchanges they'll remove the biggest source of bitcoin transactions.

Very good but I wonder what happens if everyone hold fiat, gold, and barter or exchange with bitcoin directly.  You will see percentage of real-world BTC transaction percentage trump centralized exchange tumbler transaction that results in lower fees for millions of android and other portable bitcoin direct wallet transactions worldwide...

Also anyone thought the possibility if decentralized exchange (DEX) becomes more accepted and open source development turns it into an reliable and fast trading platform at some point?  since government goes after centralized one using exchange lists and those DEX (such as Bisq successor) becomes more main stream due to stupidly bad privacy and slowness caused by compliance layer created by KYC/AML-centric exchanges?

There is a big difference between bitcoin and fiat money. In the number of transactions, fiat money is superior because it has been used for hundreds of years while bitcoin is still 10 years old. In addition, I think bitcoin will become a digital asset that will not be widely used as a means of payment at merchants

[ethereumhunter]

The government can ban crypto in their country, but they need to block all access to use crypto, which means they need to block internet connection too. If they do this, I wonder what will people react, and I think that will attract a demonstration because of blocking the internet in their country. But what will happen if people can realize about the benefits cryptocurrency for their life and if many people don't use crypto, then the crypto doesn't need to be ban because it will disappear by itself.

[tanchianjun]

Bitcoin, the crypto currency, has become huge in popularity over the recent years.

One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.

It is not possible to block a fully decentralized crypto. Anyone in the world can mine blockchain and move forward its transactions. It does not need any middlemen or organization to operate. So how can the government ban? Who do they ban? The most they can do is ban exchange (provided that 180 nations agree to do it together, not possible), and users have peer to peer transactions options. Then they will need to cut off the world's internet including 3rd world countries like venezuela, africa etc. They couldn't even dictate all nations to ban cryptocurrency exchanges, hence how can they ban bitcoin, simply impossible.

[imstillthebest]

if bitcoin will be banned worldwide many countries are restricted to use bitcoin

they cant use bitcoin even at restriction because you said bitcoin is already banned  .

but there several country support bitcoin

yes there are but the thread is only made for what if's   .tho we all are not hooping for it to happen .

no matter what happens bitcoin is still on it as Technology goes by and the product of blockchain is bitcoin no one will stop on it.

it will be stopped and there will be no more bitcoin if its banned worldwide .

if btc is banned all over the world we people can still use other alternatives and im pretty sure that there will alway be replacements simillar or much  better to it .

[hahahafr]

Bitcoin has come a long way to get banned by the entire world and even as at now some countries have approved of it and the usage of other cryptocurrencies as well. I think there is rather going to be a time when it's fully legalized by other countries as well especially China. Only the future will tell folks.
#HODL #BTC.

[paynercash]

If the world banned BTC, I didn't know what they had to do, because BTC had no papers to verify ownership. This is difficult when the world banned BTC, but I think this problem will not occur ..

[barbara44]

It's pseudonymous.

You are looking at half empty glass, many countries are going towards regulations rather than bans, however, there is small minority that wants to ban, I hope they realize cryptos are here to stay and make necessary improvement.

They will never regulate crypto. They can't even regulate or get people to pay tax so crypto is the last thing on the governments list.

What is your say on these countries where crypto is already regulated: US, Australia, Prague, New Zealand.

Maybe he does not read news, or maybe because his own government is too weak, then he underestimated the power other government and I am glad you have given him samples of countries that has regulated cryptocurrency which we even still have Switzerland also, and their banks are beginning to make cryptocurrency transaction, we still have so many other countries who may not have regulated cryptocurrency, but they have quite been friendly with it like Malta and others.

Regulating cryptocurrency is a very simple thing for the government to achieve if they really want to, it would never take them less than days for them to come up with some policy that they will effect and then regulate crypto, but I thing they want to take things easy and see how they will study the use of cryptocurrency properly before regulating it.

[LogitechMouse]

Bitcoin, the crypto currency, has become huge in popularity over the recent years.

One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.

Bitcoin transactions are not anonymous because the transaction can be seen in a blockchain but you can't just see who are the owners of the addresses.

There are some countries that banned cryptocurrency in their country but there are still ways to have access into it. I don't see Bitcoin to be banned worldwide because there are some countries that already accepted it and in the succeeding years, I know that more countries and establishments will accept it too.

[fortunecrypto]

Bitcoin, the crypto currency, has become huge in popularity over the recent years.

One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.

In many countries??, it should be some countries, the countries that banned them are not too many and has no negative impact even if they ban Bitcoin, as long as big companies like Facebook, Amazon and Mastercard Cryptocurrency are getting in, we are ok and we are moving fine, and we are heading to be the biggest community in the internet.

[Distinctin]

Bitcoin, the crypto currency, has become huge in popularity over the recent years.

One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.

In many countries??, it should be some countries, the countries that banned them are not too many and has no negative impact even if they ban Bitcoin, as long as big companies like Facebook, Amazon and Mastercard Cryptocurrency are getting in, we are ok and we are moving fine, and we are heading to be the biggest community in the internet.

These big and known companies are helping crypto but yet to come that they are also creating their won currency just like what Facebook did Libra coin.
The massive and continuous growth of Bitcoin users will lead for other many(some) countries who banned now to show some interest with crypto.

Of course, we need to understand also why they never accept it or banned in their place.
Not necessarily we condemn them cause they are doing also what is right and what might give betterness to their citizens for some instances that some people use crypto for fraud and scam which might be a reason why they never open for Bitcoin.

[rodel caling]

Bitcoin, the crypto currency, has become huge in popularity over the recent years.

One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.

I don't believe that idea bitcoin get banned worldwide, nothing reason to scare that nonsense negative impression for the duture of bitcoin.
The truth is bitcoin is now currently continues to become popular the proff is a lot of companies is now accepting bitcoin as mode of payment.

[crzy]

Bitcoin, the crypto currency, has become huge in popularity over the recent years.

One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.

I don't believe that idea bitcoin get banned worldwide, nothing reason to scare that nonsense negative impression for the duture of bitcoin.
The truth is bitcoin is now currently continues to become popular the proff is a lot of companies is now accepting bitcoin as mode of payment.

They can’t fully banned bitcoin, more countries make this thing legal and right now bitcoin is aiming for more countries to work for. This technology has been a big updates in our financial system, big money at a smaller fees and a lot faster transactions is the big deal with bitcoin. More countries will adopt and support bitcoin until the end.

[bloodyvio]

i don't think it can be banned
because the bitcoin network has become very large
it is almost impossible to be banned and because it is decentralized
and i don't think the government can arrest and imprison anyone who runs the node
maybe the government can only prohibit the use of bitcoin in their country

[Youghoor]

Looking at how the entire world is gradually transforming into a technological village, there is no way bitcoin is gonna get ban worldwide since blockchain technology is currently been adopted people and companies. Once Blockchain technology is still been using by people and companies, bitcoin will still be a necessary entity in the financial ecosystem..

[bitbunnny]

This is just irrational fear, Bitcoin will not get banned. Some think that many governments are against Bitcoin but that is not true. In most cases they are trying to find the best way to regulate it because they don't want to disturb fragile economic systems that are highly regulated
World is going towards cashles society, artificial intelligence and super computing so in that contex Bitcoin will certainly not be banned.

[oaz7t]

Bitcoin, the crypto currency, has become huge in popularity over the recent years.

One of the main features i like about bitcoins is its transactions are anonymous. But that makes me wonder if a time will come when it will be banned worlwide. It has started in many countries.

Hmm, basically this question is being asked since the blockchain was produced and implemented. The thing is, all the coins are still running with more and more popularity every other day. Its in the news, governments thinking about new application in their system and private companies are already using the blockchain to help improve their systems.

By system I really mean, a regularised computing power, with secured storage, links, permanent data storage over blockchain. This is making the industries gain more trust over their techs and impress the end users. Now I dont have to mention that this is not with automobiles, or tech companies but also with medicine and Pharma sectors. Data transcription over blockchain is the new sector now.

So where does the bitcoin in this scenario ?

Well, when it comes to use of blockchain then directly or indirectly customers are getting to know Bitcoin in the first place. Let us consider a scenario of curiosity and luck! They usually come and invest for sure side by side! This is indirect marketing of bitcoin through the use of blockchain.

I hope you guys are linking the whole story on how bitcoin won't die or get banned.

The use is actually rising and no one can do anything about it to the extent where it will get banned worldwide. Its pure way of making transactions and most trusted form of digital currency.

Lets agree on one thing that bitcoin is being crucified since it started but it is still running.

[lobster88]

This is straight forward considered as a mith. There will be no chance to get bitcoin banned worldwide because people who offend it are from Government and those officials in government who can make policies do make their transactions in crypto currencies so the chance will be always less.

[dul48]

Because it's a true competitor for USD and other currencies.

[AmoreJaz]

Countries in which there is no democracy and is complete control of all branches of power reigns will prohibit Bitcoin. Bitcoin is a way to rid people of government control. However, I hope that civilized and democratic countries, on the contrary, will support digital currencies and will not prohibit them.

those civilised and democratic countries will be open to this new technology as they are not close-minded institutions that will prohibit the advancement of technology. so i dont think the question of the op is still relevant today. slowly, those countries which are hesitant with crypto or bitcoin are now siding with crypto as they understand the immense benefits it will bring to business operations, saving tons of money of ordinary people!