How can it be possible for government to ban what they can't control or get held on. Bitcoin is decentralized which means you can't trace it, control it or know where the transaction is being carried out on.
The only way the government can stop bitcoin is by making it illegal globally. Which will be impossible
States have very broad powers and capabilities in relation to the circulation of cryptocurrencies. The financial sphere has always been the sphere of exclusive powers of the state, here they dictate their conditions.
We see ripple's price drop immediately when the SEC filed a lawsuit against two Ripple Labs executives last December. In addition, cryptocurrency exchanges located in the United States have also refused to trade this coin. This is despite the fact that the SEC has no complaints about ripple itself. So the opportunities for governments to influence a decentralized cryptocurrency are enormous and should not be neglected.