Why has not any government stopped Bitcoin?

[sandra_x]

Bitcoin cannot be stopped by any government. Bitcoin was designed to be censorship-resistant. Areas where there are currently some kind of bann on bitcoin, it is hard to surveilance on users, the common thing is to deny users banking facilities. Also, there is the argument that bitcoin is a form of free speech (digital), which makes it legally difficult to place an outright ban on it in places like the US

[pixie85]

Many governments have done it,

Not that many and most of those who did are third world piss poor countries nobody visits like Bangladesh, Afghanistan, or Vanuatu. Nobody outside of their countries cares what they ban or allow inside their borders.

Not only third world poor countries, but there are also Egypt, Marocco, Bolivia, Saudi Arabia, Jordan, Iran, Colombia, and China.
Some of those probably not banning exchangers but at least governments not allowing banks and financial institutions to facilitate bitcoin transactions.

China banned financial institutions from exchanging Bitcoin. It's not banned in China! You can own it and trade it. You can also exchange it with other people but you can't start an exchange business there and there are no exchanges in China only in Hong Kong which has its own laws. It's the same in India.

In Saudi Arabia it's not banned at least according to some sources. They only issued a warning to banks. The EU central bank did the same and it's still legal in the EU.

[bozo333]

I am not sure whether you are reading your newspaper for your reading the newspaper sites about the cryptocurrency. There are plenty of court notice to the companies whoever running the crypto based business in their country.
Only few countries giving opportunities for blockchain industry and they are getting more reputation as well as emerging in blockchain industry.

[robelneo]

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

Government is losing the battle because Bitcoin has something that people wants that the government can't provide, and because of this they cannot stop it, people will find a way, they know that the world needs Bitcoin and blockchain and they know they can gain financial liberation here, after ten years they can try to stop it, but the support of other countries will beat them in the end. 

[pankajgupta]

Bitcoin is a virtual currency. It has no physical existence. It is a decentralized currency. Nobody has control over it. It has no physical existence. It is peer to peer transactions. No. govt. can ban it. What they can do only is prohibit or ban the conversion of bitcoin to their own country currency.
Peer to Peer transaction remain continue.

[carter34]

They couldn't do that because it will become an effort in futility. The first reason that can't be done is because it isn't under their control. Bitcoin is separated from third party interference and government is a third party. It is individual base currency, that is, it is not monitored.

[ReiMomo]

They couldn't do that because it will become an effort in futility. The first reason that can't be done is because it isn't under their control. Bitcoin is separated from third party interference and government is a third party. It is individual base currency, that is, it is not monitored.

Same thought of what is posted above of yours. In short, bitcoin is decentralized form of currency. This digital currency is no one owns and even the government has no right to stop on it. That's why there are few countries implemented regulation when it comes to cryptocurrencies and they did not allow crypto exchanges to continue their business, just like country of China before. Even though how banning they are going to implement people who will know in bitcoin can still have and hold their own, because of anonymity.

[MURONDI]

some countries are trying to prevent the growth of bitcoin, but no country can stop bitcoin because bitcoin is digital, like when the government limits internet access to something that is prohibited, there must still be people who can access it, unless there is a government that wants to disable the internet, then bitcoin access will be paralyzed. 

[7788bitcoin]

Many of the government around the world would gladly stop bitcoin if they could. Bitcoin is a decentralized currency that's traded P2P. As everything happens on the internet and has no physical form and official value, there's nothing a government can do to stop it's transaction. They can make it difficult to buy bitcoin with cash, redeem bitcoin to cash and in some cases prohibit buying goods and services using bitcoin but they can never stop a P2P trade.

There is a problem with all these P2P model, if you are using fiat currency to purchase USDT and then trade those with bitcoin and you are doing the same process vice versa and if a government wants to really stop these kind of trade then it is really possible. The countries that impose the ban have the ability to come up with legal actions against bitcoin traders and if they identify unusual transaction then you can be monitored if you are trading huge amount of money even with P2P.

[audaciousbeing]

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

The problem with government not stopping bitcoin is not that they cannot its because they don't want to. Government of countries can be so radical that anything they want can be forced down people throat depending on how far they are willing to go. Although, when it comes to bitcoin, they might not achieve 100% compliance but they can achieve some maximum result and the rest of people would stay away because of fear that they might be punished. I have seen a country shut down its internet because they want to ensure certain action and ordinary citizens in that country could not access internet in within that period. The reason why government does not want to go that route is one, the commercial value of those involved in bitcoin or its related activities is not enough to attract that kind of enforcement and secondly because they don't want to lose out of what is to take sway in the nearest future.

[erickastella]

maybe in my opinion with the presence of bitcoin the government also benefits from companies that develop blockchain technology then if their company succeeds they will pay taxes to the government, maybe the government there prohibits the use of bitcoin for transactions in the real world because it is anonymous and very difficult to trace very vulnerable to crime.

[rodel caling]

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

Bitcoin is came from the new technology it's called digital money, government can't stop people investing in bitcoin specially those  people knows the potential of bitcoin become world currency, my own reason and opinion until the new technology exist nobody can stop bitcoin as decentralized crypto currency as new form of money in the future government, and how government charge people using bitcoin being anonymous user.

[marcbitcoins]

Most countries won't stop it because they realized that Bitcoin is an opportunity and not a threat. Like China in which they banned bitcoin and cryptocurrency exchanges in 2017 but now their President Xi Jinping just commented that the country should "seize the opportunity" of bitcoin's blockchain technology therefore instead of a threat to the country they see it now as an opportunity to help their economy to become stronger and more stable.

[Ridwan Fauzi]

Most countries won't stop it because they realized that Bitcoin is an opportunity and not a threat. Like China in which they banned bitcoin and cryptocurrency exchanges in 2017 but now their President Xi Jinping just commented that the country should "seize the opportunity" of bitcoin's blockchain technology therefore instead of a threat to the country they see it now as an opportunity to help their economy to become stronger and more stable.

Any information regarding it?

As far as I know Xi Jinping just have interest to developt their industry with blockchain system but not bitcoin. Bitcoin just a currency/cryptocurrency that use blockchain as a ladger, which is mean both function are different.

And I just thinking, when the government try to adopt blockchain for their system (because its utilitation is really broad different with bitcoin just can be use as a currency or place of investment) not necessarily they accept or adopt bitcoin well.

[qwertyup23]

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

In fact, there are countries who are advocating against the utilization of bitcoin since it has been regarded as an 'unrecognized, high-risk asset' due to its decentralization. In addition, the lack of any authority with its regulation makes every transaction anonymous, and the government does not want anything that they cannot control.
Bitcoin cannot be simply stopped due to a number of users using it. If majority of the countries, who contain a large number of users, suddenly prohibits and imposes laws against transacting using bitcoin, expect it to be stopped at one point. But for now, the merit that it provides overwhelmingly outweighs the burden.

Most countries won't stop it because they realized that Bitcoin is an opportunity and not a threat. Like China in which they banned bitcoin and cryptocurrency exchanges in 2017 but now their President Xi Jinping just commented that the country should "seize the opportunity" of bitcoin's blockchain technology therefore instead of a threat to the country they see it now as an opportunity to help their economy to become stronger and more stable.

That is actually true. Before, China was against Bitcoin but it says a lot about the reversal of their decision on banning it. They have realized its economic impact and benefits to the public and to the economy.

[TIDOVEE]

If The government of my country have the opportunity they may only threaten to stop bitcoin and make some money from the users and consistently keep hunting bitcoin users to generate money to their pockets. But presently many are yet to understand the nitty gritty of bitcoin. Bitcoin is decentralized and that had been the shielding effect from the government so far.

[chaoscoinz]

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

Disclaimer: I am not a lawyer, financial advisor or a representative of such professions. I am here to post my two cents (opinion) on the thread topic. If seeking legal or financial advice, please consult with your local professional!

Bitcoin and other cryptocurrencies a-like, can't be stopped if they haven't broken any laws. I don't think that the Blockchain and cryptocurrency could be taken down unless it somehow posed a harming threat to the governments and parliaments. How would they stop it? If anything, they could slow it down tremendously by stunting its growth, as simple as banning crypto to fiat trading period.
   Unless cryptocurrency violates some form of law or policy, theres not much you can do until it has crossed the line in some way, shape, or form.

[Oneandpure]

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

Government is losing the battle because Bitcoin has something that people wants that the government can't provide, and because of this they cannot stop it, people will find a way, they know that the world needs Bitcoin and blockchain and they know they can gain financial liberation here, after ten years they can try to stop it, but the support of other countries will beat them in the end. 

Bitcoin is not popular in one country where make government can banned bitcoin but almost country have know whit bitcoin and many people around the world make bitcoin become their investing assets for the future, although one country banned bitcoin still have thousand country available using bitcoin as currency payment and digital investment assets.

[senin]

Governments have done enough to dissuade common people from using Bitcoin extensively. Being charged with operating unlicensed money changing businesses is a possibility if you engage in cash-bitcoin conversion.

Government is losing the battle because Bitcoin has something that people wants that the government can't provide, and because of this they cannot stop it, people will find a way, they know that the world needs Bitcoin and blockchain and they know they can gain financial liberation here, after ten years they can try to stop it, but the support of other countries will beat them in the end. 

One government is unlikely to cope with bitcoin. However, if governments unite, they can practically stop bitcoin. In any case, they are able to drive it into the shadows, and if necessary establish criminal liability for its use. These measures will be enough to cryptocurrency practically died. So far, for governments, cryptocurrency does not pose any threat to global financial stability, and this has been repeatedly noted by their various commissions. Therefore, cryptocurrency should not conflict with governments, it is better to establish mutually beneficial cooperation.

[cutesgirl]

Bitcoin still not become competitor for government and there are not their people have made a loss by bitcoin and why government still legal using bitcoin only for investing assets, when bitcoin have make something terrible in one country I think government brave for banned using bitcoin as investing but if bitcoin keep giving positive side maybe government will make bitcoin become legal currency payment.