Government ban on crypto

[ILuckyGuyI]

I don't think countries will still consider banning Bitcoin from now on. Because it seems like they've started adopting the opinion which is making regulations for cryptocurrencies. Many countries have already made a regulation and started imposing a tax on the cryptocurrency earnings.

[bitzizzix]

I am grateful that in the country where I live, there are no strict limits on bitcoin or crypto and it is only allowed as an investment or asset and is not allowed to be used as a transaction tool.
and indeed in my opinion bitcoin or crypto cannot be eliminated or destroyed unless there is no internet network in a country, and even though in the country where I live, bitcoin or other crypto is prohibited from being used as a transaction tool, the most important thing for me is that I can still use it and change it to be fiat.

[bounceback]

I think the government can only ban bitcoin adopters in their country but they can't stop bitcoin because bitcoin is a virtual currency that runs on its own with the internet network, so this is of course impossible for the government because the only way that can stop the circulation of bitcoin they have to close the entire internet network in every country.

[sapnu]

If we would take into consideration the fact that bitcoin is mostly used by billionaires/elites and criminals in the black market, we can already see that the chances of having it banned ties up in the middle. Regardless of being in between being banned and being not banned, most of the billionaires or elites have hidden relation in the government. This ties might lead to an agreement or connection wherein as billionaires feeds on crypto, the government might secretly gain some of it too. As for the black market transactions, hackers are all over that place and it is surely well-secured from being invaded by the government so they are clearly out of it already.

[bL4nkcode]

I think the government can only ban bitcoin adopters in their country but they can't stop bitcoin because bitcoin is a virtual currency that runs on its own with the internet network, so this is of course impossible for the government because the only way that can stop the circulation of bitcoin they have to close the entire internet network in every country.

Of course, they can't control people's action outside their jurisdiction, even on their own country, there are still people who will still use bitcoin/crypto regardless the acceptance/law against crypto of the government.

[KaliLinux]

I don't think countries will still consider banning Bitcoin from now on. Because it seems like they've started adopting the opinion which is making regulations for cryptocurrencies. Many countries have already made a regulation and started imposing a tax on the cryptocurrency earnings.

Some of them, but some greedy Government that still dont understand and dont want to understand cryptocurrencies will still go ahead and place Ban on crypto  trading because they dont have full control on it and cannot monitor crypto. other than this, i dont see a reason why they should ban it.