Can Bitcoins Be Cashed?

[Teratai93]

Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

[Argoo]

In theory, this is quite possible, however, under the current conditions, the states do not yet see a real danger to global financial stability from the side of cryptocurrency. While the attitude of states towards cryptocurrency is different, there is no consensus.
If this does happen, and all states decide to prohibit the use of cryptocurrency, all exchanges and exchangers, then of course, this will be a significant blow to it. I hope this will not happen, as many states have already legalized cryptocurrency.

[isaac_clarke22]

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If the government does not allow that, people can still do peer-to-peer or p2p transaction. Others would even use VPNs to still get access to these sites.
In the end, the government couldn't just go and do a total ban of crypto especially Bitcoin because people still have the available technologies out there in the internet to bypass these restrictions.

[Bagong91]

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what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

unfortunately for now there are several countries that are allowed to use crypto so when there is a country that prohibits using crypto in their country there must be a gap for its citizens to use crypto

[lizarder]

Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

Isn't bitcoin currently not legalized by all governments in the world, but the sustainability of bitcoin can run very well at this time, even though such circumstances also affect bitcoin itself.

It is true that if countries simultaneously shut down or not allow the exchange of bitcoins with fiat currencies it would have a huge impact on bitcoin, even the possible returns of bitcoins are priceless if this actually happens, but this must be done simultaneously by all countries, otherwise the effect is not that big in my opinion.

[Chuky92]

Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

Bitcoin was developed and designed to bring about easy peer-to-peer (P2P) transactions, and I think many countries have tried in the past to stop Bitcoin growth in their country, with some saying it is banned and so on. But however, countries can say that or put in measures to stop it, but it is quite proven that you can't stop a growing technology and since Bitcoin has been growing for years till now, even with measures to stop its transactions in a country, people will find their ways around it, peer-to-peer platforms are there and so on. In fact many countries have been doing peer-to-peer transactions for years before it now gets better with exchanges like Binance having their own peer-to-peer features.
Therefore in essence, Bitcoin can't be crashed or stopped totally by the government, there will always be ways around it.

[Teraboy]

Did you remember when bitcoin was getting introduced to the market? People were using p2p transaction for bitcoin. The same thing may happen when we will be facing the same thing like that but this time it's quite different as there are thousands of develpers in the crypto could work for the alternative way for that just like build an alternative bridge or something else.
Bitcoin can still be cashed out even when exchange site got banned by the government.
It's very similar like repeating the past history of bitcoin. Your question reminds me with it

[layoutph]

Time will come we dont need cash, money is already in digital and crypto currency mode. Every nation will have its own crypto currency and trading will become a necessary knowledge in order to prevent loss from trading.

Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

[BigBos]

Bitcoin cannot be given in cash, but it can be done via p2p. however, if the government in your country does not allow the exchange of bitcoins or cryptocurrencies with fiat in your country, you can exchange the DEX market stable coins and exchange them for digital fiat currencies. Besides, if you are in doubt, a lot of people accept exchange between stable coins or crypto to a PayPal account, or other payment processors. well, the internet connects the world. You can find a person who accepts your bitcoin or cryptocurrency and then he gives you money in your bank account.

[dhemasm]

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

There will be always a way for this, Bitcoin in the first place was supposed to allow P2P Trading and even without exchange it's still possible by selling or buying to other people especially on your local community or any P2P Platform like localbitcoins but if the government ban it then it will illegal in the first place so you should be more cautious to not get caught by your local authority. Beside that there is still many ways to do that for example like exchanging with some goods and then you sell it on your local market.

[so98nn]

I have always studied different ways to take out bitcoins in case if any situation like this arises in the future. The first thing I would do is get myself registered to the exchanger or wallet which is legalised in specific country. I will keep my bitcoin in that countries wallet and make sure that they are safe their. If my government neutralises the crypto regulations then I would get those coin back or if not then I will sell them in the local currency of that country and do Fiat exchange for the same.
However, as far as I have studied the whole stuff 360 degree, there will be no such time when all the governments throughout the world will ban crypto. At any given times, we will have a chance to transfer the funds to the country where crypto is completely legal. And of course as stated by various posters above, p2p is life saver.

[indah rezqi]

There are still ways that can be done so that the Bitcoin transaction process continues even though the ban was imposed by the government and that if I'm not mistaken it happened the first time Bitcoin was on the market.
Things like the ones you are asking are the concerns of many people out there. But as I said that there are still ways to keep this activity going. Keep positive thoughts on Bitcoin and crypto.

[Ucy]

Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

I guess you mean the circulation is not controlled or supervised by humans... That will likely turn Bitcoin into a corrupt currency opaquely controlled or supervised by untrustworthy people who can't be properly supervised by the community.
It's actually a decentralized currency bounded by rules/principles that can prevent abuses from untrustworthy humans who may wish to control or supervise it.
If nations refuse people to exchange Bitcoin for their currencies, you could do that p2p or exchange them for other things they don't own/control... like Gold

[DeathAngel]

Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

Bitcoin can’t be stopped, they can make it more difficult to trade but they can’t ban bitcoin & that's the beauty of it.

[DapanasFruit]

Then there is the Peer-to-Peer exchange platforms that are now popularly being used by a good number of people especially in countries where there are restrictions in place. Eventually, many government will realize that they are on the losing end if they will not allow the business of Bitcoin to flourish as they can never take a small percentage or impose tax on them. That would be like imposing ban on liquor...the market is intelligent enough to find ways and means to make business away from prying eyes of the government. The same thing can happen with Bitcoin if all exchanges will be outlawed. Of course, this can be easier said than done...and we would not wish that this scenario can happen so we can test Bitcoin.

[btc_angela]

Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

There are about 100++ countries around the world, do you think that each and everyone of them will not allow crypto to flourish? Just look at El Salvador, they just setting everyone up for bitcoin, even allowing it to become a legal tender.

So I doubt that this scenario will happen in the future to be honest, bitcoin is also borderless you forgot to mention that. Meaning it has no boundaries.

[mobtc]

BTC is now a decentralized world-wide virtual currency，It has been listed on many exchanges and can be exchanged with fiat currencies of various countries.
Unless this country bans any transactions on BTC, otherwise it will continue to exist.

[zachyboy090118]

Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.

what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country? 

Hoping that won't happen, and i think thats impossible as bitcoin exist so many year and still remain. Maybe alternate will happen as hear in news, other country planning to use crytocurrency as rather than fiat money.  Bitcoin will never been touch by the government and maybe they have a better offer from it.

[southerngentuk]

Think again for a moment why we created and used it for such a long time. And never think that the government controls bitcoin, and they don't hold bitcoin. Bitcoin is an unstoppable trend, and we are the ones with a much better chance of not knowing the field.

[Ararbermas]

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If the government does not allow that, people can still do peer-to-peer or p2p transaction. Others would even use VPNs to still get access to these sites.
In the end, the government couldn't just go and do a total ban of crypto especially Bitcoin because people still have the available technologies out there in the internet to bypass these restrictions.

your right mate there's always an option for it just to have an access on crypto market and etc because of what types of technology we have right now wherein if however it will happen.. But of course i hope not.. Because for sure there will be a massive changes in the market especially in the prices.. Its like a hard declined for sure and probably the most worst situation than banning countries that usually happening in the space. Let's just keep hoping it will not happen in the future instead.