Do you think that governments might one day ban Cryptos?

[NapoleonSnowball]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

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[angrybirdy]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

It's too early to say something like that.
Even if there are more countries would decide to ban crypto, there are still some chances that their decision will change as time passes by.
It is impossible to control crypto but it is also impossible to ban it in the whole world.

[Shenzou]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

I mean even if they want to ban it they won't be able to or it is very hard and requires a lot of resources, the way the crypto transactions are made is that you can't tell where the money is going or for what it is used for, therefore governments can't tell if the location of transactions, even if they ip block the cryto sites there is always still place for vpn and other ways to bypass it, so i don't think that there will be a point where they put things into actions if they ban it.

[coin-investor]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

China is a powerful country, capable of doing anything, they have tried but unfortunately, they are not successful, some government can try to ban, some governments can ban it but not permanently because every country is now adopting it and country that ban will have no choice but to let it, government come and go but this technology is going to withstand, every government effort.

[mrdeposit]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

There is no reason for that not to happen. But they do not do that. On the contrary, governments themselves know that this is useful. Look back, if they wanted it they would have already banned. But, we have not always encountered a world that opposes it completely. It is like they play with this theme. Do not worry about it, they are not stupid enough to do that.

[Kupid002]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

There must be a country that will ban it but not all , since i saw some of the countries accepting it already as alternative to fiat and there are country that has  many option to use your bitcoin such as buying and selling things or use that to pay your bills online.

[bitcampaign]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

I was also worried about that in my country, thinking I would be arrested and punished for holding the crypto currency and my country banned it, but apparently it never happened, we saw and realized that technology is getting better and now we have entered the world modern technology so people who might ban cryptocurrencies, like people who miss technology, are getting more and more sophisticated, especially China, I don't think that's possible

[kro55]

China hasn't banned crypto rather banned crypto exchanges.
One thing is very clear that governments dont like crypto and if crypto adoption continuous government reaction will be strict regulation or ban.

[pakhitheboss]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

Governments have tried but still failed, you cannot control the internet, you can only block it. Blocking the internet will take that nation back to the 19th century. Crypto economic is a internet based economic, so the best option for them is to regulate it. Being said that governments have also tried to regulate it and they failed there to. Thus the best option is to adapt it.

[MURONDI]

crypto is the technology of the future that cannot be avoided, maybe if all countries work together to eradicate bitcoin and provide heavy sanctions for its holders, will definitely stop the development of bitcoin but still can't stop it completely.

[sheenshane]

This topic has been discussed so many times here in the forum and even I saw repeatedly asking this question, the answer is NO.

On my own, governments are afraid to destroy the state’s monopoly on monetary policy in every country. Just like China, they are thinking bitcoin is like a snake that someday that will eventually bite them. But not all thinking in this way, there are some countries are friendly of crypto or in Bitcoin. How many times they are attempted to ban Bitcoin, it ends up failure and besides, they are now adopting blockchain technology.

I'm not advertising this article but the content of this explained very well why governments can't be banned Bitcoin.
https://hackernoon.com/why-isnt-bitcoin-banned-everywhere-32a2caec90

[Lucius]

Bitcoin cannot be completely banned, what governments can do is declare it illegal, shut down every crypto exchange and mining farm. People would still use it, but as something illegal, at the world level, it would be pretty insignificant.

The fact is that most world governments still do not consider Bitcoin a threat, it is very small market with total $150 billion currently (market cap - all mined coins), and compared to gold ($9 trillion), or maybe USA annual budget ($4.7 trillion) Bitcoin is as one US congressman says, just a small baby.

[avikz]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

Few governments will certainly try to do that! Especially those countries which are ruled by fascist governments. However, eventually they will realize that it's impossible to achieve a blanket ban on cryptos and then probably they will try to provide a legal framework around this and also impose heavy taxes to discourage people from using it!

On the other hand, we will also see few governments with progressive mindsets adopting it for the betterment of their own economy!

So we won't see such scenario where bitcoin will be completely banned from the face of the earth!

[Wysi]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

Even I don't think governments can ever ban bitcoin or crypto in general because they don't have any control over bitcoin and moreover they can just instill fear in the user's mind by applying some sort of restrictions or monitoring users in case if they want to stop crypto transactions in their country but they cannot completely stop crypto even if they instill fear.

[yoseph]

There are most governments who have already accepted bitcoins and have seemingly regulated it so that no one uses it to launder money and evade taxes so I don't think they are going to go back on all that and then suddenly decide to ban cryptocurrencies especially when they are able to get some tax proceeds from it.

[airdnasxela]

Probably some government but not all. Because not all governments would agree to crypto, especially bitcoin who is decentralized. Those governments who see bitcoin and crypto as a threat or as a hindrance for them in ruling their people financially. It depends on the government's stand about crypto. Those countries are likely to be the one who doesn't give much financial freedom to their citizens. Right now, some countries have already put some regulations with crypto

[qwertyup23]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

Yes and no.

Like these factors, we always have to consider the worst possible scenario that could happen in cryptocurrencies. The government may actually prohibit the usage of such in the future but no one can really know. All that we can infer is that its decentralization is one of the main factor on why the government fears its utilization since they cannot control nor regulate its transcations due to being untraceable.

Probably some government but not all. Because not all governments would agree to crypto, especially bitcoin who is decentralized. Those governments who see bitcoin and crypto as a threat or as a hindrance for them in ruling their people financially. It depends on the government's stand about crypto. Those countries are likely to be the one who doesn't give much financial freedom to their citizens. Right now, some countries have already put some regulations with crypto

I also think that one of the reasons on why the government has not considered on totally prohibiting cryptocurrencies is its benefit to the economy. More money is always good for the country albeit the origin may came from an unregulated source.

[Gens09]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

They could possibly ban cryptocurrency in their own country.
But as we know they cannot restrict the community in using it, the community has full access to the internet and it is almost impossible to restrict them from using the internet.
We could easily use a VPN to access the cryptocurrency website and use it easily.
In my opinion, they will not do this cryptocurrency and bitcoin is one of their best assets in a lot of companies and helps in our economic growth.

[pecson134]

Considering that the governments such as China have already tried to ban Cryptos. Would more governments do the same because Cryptos threaten the banks or the governments may want more control over what people use as currency and to remove all alternatives? What do you guys think, I personally think it won’t happen, but you might think otherwise.

Probably not ban but it is more of a regulating bitcoins. A countries' government would like to fully monitor the exchange done with bitcoins same with money and the likes.

[ChrisPop]

Believe me.. after all these big institutional entities like Bakkt, CMEs, etc. properly set up the financial infrastructure for Bitcoin there will be very low chances that BTC will ever be banned especially in the countries where Bitcoin is transacted on a big scale. As we can see now some governments did ban crypto, but they lifted it up once they've seen the potential and that it was a bad decision.

As BTC provides a grade of anonimity it will still be used especially in the "underworld" if it gets banned. It is still a store-of-value. Just think what would happen if Gold would be banned? Would we stop using it? Of course not..