Bitcoin can be banned or stopped by governments

[hatshepsut93]

but to absolutely abolish bitcoin. well.. look how well the international "war on drugs" or the 1920s "alcohol prohibition" went

people got drunk then and get high now.. and authorities cant be in all places at all times to stop it

And the quality of the products decreased, while the price increased, and people face added risks. A similar thing would happen with Bitcoin if it was banned globally. You would have to go to p2p exchanges and risk getting scammed. Banks would monitor your bank payments and freeze your account if they suspect Bitcoin-related transactions. You could get robbed if you do a large in-person trade. Bitcoin adoption and price would not be growing because of the high entry barrier. Bitcoin would probably not be a good hedge against inflation.

[CryptSafe]

Government threatening to ban bitcoin is just a waste of time as it have no effect on their citizens and the market at large. Bitcoin is about p2p so why waste your time threatening ban. Will the government be there to monitor her citizens all the time when or to know if they are extablishing transaction amongst themselves. For all I care is that the government threats are just empty drums that makes the loudest noise. If they can let them find Satoshi Nakamoto.

[BlackHatCoiner]

You would have to go to p2p exchanges and risk getting scammed.

Peer-to-peer exchanges are orders of magnitude more safe than putting trust to a stranger to trade hand-in-hand. I never had an issue in the former.

Banks would monitor your bank payments and freeze your account if they suspect Bitcoin-related transactions.

That's true, and it must have already been happening. Even if you trade peer-to-peer, for large sums, you might have an unexpected visit. They still don't know for the most part what you're buying with it, but it won't last long 'til they put some pressure on you, if you do this regularly.

[franky1]

to expand on the peer-to-peer exchanging using de-fi and bank transfers

(this is not about illegal scenario by government this is a warning to those in current legal currency setting.. )
even now governments see bitcoin as a legal currency and as such that means banks see transferring crypto as a service for a fee/commission, as a financial service/money business..
if people are abusing their personal bank accounts to do multiple wire transfers to strangers(of any value) a bank can flag that as operating a business or suspicion of money laundering and request answers or just freeze all services(no more wire transfers) where the bank account holder has to withdraw their cash/ask for a bankers cashiers cheque, close their account and seek an account elsewhere..
or
confess/admit they were operating as a service, draw up a business plan, get a business account and get licenced as a money service business to continue operating

yep even when bitcoin is a legal currency be careful doing decentralised exchanging using a unlicensed personal bank account too often

many times you will also find your 'customers' doing transfers with you, will then scam you by saying their account was hacked and money was falsely used to buy coin, and they want their money back. which then puts a flag on your account. where you then have to start doing due diligence to prove you are handling customers correctly by doing KYC on them to get photo Id proof of who was transacting with you.

currently lack of trade/volume on DEX/defi has not shown major instances of the above. but the more populate traders get, the more it will happen

[doomloop]

They can ban bitcoin but will this have any effect due to the fact that there are several countries that have already done that and bitcoin is still standing today.
Regardless of anything, a ban like this is only for one country that they lead, maybe there are even some people who do other things by banning things like this.
On the other hand, it is possible that there will be other things in regulation, even though it is possible for your country to prohibit it now, but it is not impossible that there will be several changes to regulations in the future, especially if more and more countries support it rather than ban it.

A ban will surely affect bitcoin's value. It will go down, especially if the ban happened on a country where the Bitcoin users are high. There are countries that have banned BTC before and some of these countries didn't change their decisions yet or have plans to unban BTC anytime soon. Imagine if many countries follow it? I think that is threatening.

We always thought that BTC is the future of money but that won't happen anymore. Regulations are known to be a bad thing for currency which are decentralized like bitcoin but if ever the government demand this in exchange of allowing bitcoin in their country then I think people will just agree on it.

[ingiltere]

Too many governments already tried it and failed. Bitcoin use can't be banned. They can ban some sort of things though. For example in Türkiye government ban Bitcoin use to buy/sell goods. But they don't touch any Bitcoin exchanges or trades. I don't know what did they gain with this but they did it anyway. Also governments get too much tax money by Bitcoin trades so it's not a wise idea for them to ban.
Governments that try to adopt Bitcoin instead of straight banning it will come forward and in the long run these countries will have big leverage over others. You can't stop technology growth.

[Franctoshi]

No one can actually tell what is the plans of Government or future plans they have concerning banning or not banning Bitcoin and too if they were to ban Bitcoin the government should have done that on before now , Though they have the power to do such.
the more Bitcoin stays without getting banned the more difficult it becomes for the Government to ban  Bitcoin, Because it has gained a lot of popularity.

[GeorgeJohn]

Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

In this case, what will happen towards this case is a restrictions of cryptocurrency,and it's very difficult before all the countries will come together to work for banning of cryptocurrency and mostly Bitcoin, so i believe that government have the power to ban Bitcoin if they wishes to ban it worldwide, but one or four countries can not stand to ban Bitcoin and it work out, the only thing that can happen in that country is to restrict or regulates the usage of Bitcoin.

[coolcoinz]

Every time I see someone ask this question I ask them a question back:
Show me one occasion where the whole world cooperated to stop something.
Even at times of world wars the world is divided, on drugs it's divided and it's divided on capital punishment and many other things.

Bitcoin will never be banned worldwide. It can be banned in some countries but it will be regulated in others. It's not a problem if you want to use it though. For instance weed is banned in my country and most people that I know have smoked, so bans aren't stopping anyone from anything.

[drwhobox]

Indian TV channels broadcast commercials for bitcoin wallets and other crypto related ads. I don't think the Indian government has banned bitcoin yet. 

can bitcoin be banned if all government will agree to ban bitcoin

They won't be able to ban bitcoin. Put the Indian government aside, even it won't be controlled by the US government.

Bitcoin users will always find a way to use bitcoin, even if the government bans it.   

Governments that try to adopt Bitcoin instead of straight banning it will come forward and in the long run these countries will have big leverage over others. You can't stop technology growth.

Even if some governments want to adopt bitcoin, their central bank will pressure the government not to adopt it. Bank is the main culprit here for bitcoin adoption.

[mirakal]

No one can actually tell what is the plans of Government or future plans they have concerning banning or not banning Bitcoin and too if they were to ban Bitcoin the government should have done that on before now , Though they have the power to do such.
the more Bitcoin stays without getting banned the more difficult it becomes for the Government to ban  Bitcoin, Because it has gained a lot of popularity.

Yes, they could've banned it by now because they have the power do so but in the first place, why would they ban such thing if its goal is only to help the people. United States of America for example, their country has been vocal of contradicting the bitcoin because it's an unknown water for them, but they are just hiding behind the reason that they just can't control it that's why they don't like it. So, if that's their reason, then why is it still legal in US soil? They could've banned it and followed the steps of China, but they didn't.

[GeorgeJohn]

No one can actually tell what is the plans of Government or future plans they have concerning banning or not banning Bitcoin and too if they were to ban Bitcoin the government should have done that on before now , Though they have the power to do such.
the more Bitcoin stays without getting banned the more difficult it becomes for the Government to ban  Bitcoin, Because it has gained a lot of popularity.

The thing is that government have not come together and have a deliberation concerning baning of Bitcoin, banning of Bitcoin always be agitations of one particular country, so therefore i believe that cryptocurrency and especially bitcoin is something that i believe that since government doesn't have documents of Bitcoin they fine it difficult to ban Bitcoin, but no one supercedes the authority of government from my perspective.

[KingsDen]

Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

If all the government of the world agree to ban bitcoin they will do it successfully. But the problem is that the whole world government will not agree on one thing.
The whole world doesn't have one government, they don't have one currency and infact they are not at peace with one another.
If one country agrees to ban bitcoin and its activities, another government will do the opposite by adopting bitcoin and encouraging its activities.

[franky1]

We always thought that BTC is the future of money but that won't happen anymore. Regulations are known to be a bad thing for currency which are decentralized like bitcoin but if ever the government demand this in exchange of allowing bitcoin in their country then I think people will just agree on it.

bitcoin 2009-2014 was undefined legally so treated as private property (like trading cards or auctioned art) thus regulators had no remit/jurisdiction

as soon as it was defined as currency it allowed regulators to the licence businesses wanting to "swap" currencies to be treated as money service businesses

now they dont want to see crypto as currency, but instead a commodity (elemental/raw product used to create other products) basically mainnet used to lock value for underlying subnetworks of iou/pegged tokens

which is a different set of regulators
now its being deemed as a crypto asset instead of a cryptocurrency (government deciding to change terminology) other regulators can jump in.
as a currency for instance only the SEC could regulate us businesses using crypto..
as a commodity the CFTC can get involved and control trade quota's classify investor types, set circuit breaks on trade volitility.. and it also means the EPA can then mandate miners get a licence to be more ecological/efficient or be banned

but with all that said
there is movement in the BIS(banks of international settlement) are proposing to let central banks hoard crypto assets of upto 2% of banks combined collateral reserves in 2025.
sec and cftc are trying to classify crypto to allow commercial banks access to hoard crypto

so although there are some worse case scenarios that have happened and could happen. there is also some positives that could occur too

[Lanatsa]

Indian government (maybe other also)  say that " to ban cryptocurrency we need global help" my question is : can bitcoin be banned if all government will agree to ban bitcoin

i am something less experience and has bad english so ignore

Not all countries or government could share up with the same view and impression but in majority aspects where most of them would really be going against Bitcoin or cryptocurrencies due into its main characteristics and features which is totally opposing centralization.

Its true on others been saying that if they could ban it out then they have done it already.Some places are going into the opposite side which instead of banning it then they do regulate and allow it.
This is why we could really say that each country or government does have its own stances for this thing.They cant stop it literally or technically and this is why they do
targeting out those platforms which are involved into it.

[_BlackStar]

India tax crypto. That means crypto is legal in India.

Legal to trade does not mean legal to use as currency. Maybe that's the point. As I know India has taxed crypto so far, they are getting benefit but crypto is not legal tender.

In other countries such as Nigeria, crypto also appears to be illegal as currency but some users are brave enough to adopt it as a means of payment. Even if crypto isn't legal then it's hard to expect it to be banned completely by the government because it's definitely a hot ball for them. Governments can control crypto users with their rules, but not with networks like bitcoin. So it must be hard to get a deal on banning crypto globally.

[_act_]

For all I care, India can go ahead and flex its muscles. Nothing much will come out of its noise.

Do not get it wrong, it is Indian CBN that can say something like that, India accept crypto and they are regulating it, but their central bank is the one making noise, not Indian government.

If all the government of the world agree to ban bitcoin they will do it successfully. But the problem is that the whole world government will not agree on one thing.

Just like when China banned bitcoin and crypto mining, Kazakhstan accepted more miners, mining also increased in US, Kenya also encouraged crypto mining. I can not agree more, you are right.

India tax crypto. That means crypto is legal in India.

Legal to trade does not mean legal to use as currency. Maybe that's the point. As I know India has taxed crypto so far, they are getting benefit but crypto is not legal tender.

In other countries such as Nigeria, crypto also appears to be illegal as currency

Because I said crypto is legal in India, I did not mean it is a legal tender, but that it is legally accepted.

Crypto is not illegal in Nigeria. Who is feeding you with wrong information?

[GeorgeJohn]

In other countries such as Nigeria, crypto also appears to be illegal.

This is a wrong conception that cryptocurrency is illegal in Nigerian, make your research very well, nobody ban cryptocurrency in Nigeria it was a false information that Bitcoin is been ban in Nigeria, the vice president said cryptocurrency can be regulated but not ban in Nigeria, so therefore bitcoin is not ban rather it's been allowed to operate but not really a legal tender in the country of Nigerian.

[KupaCrypto]

Bitcoin being banned by government will cause more harm than good, as crime rate will be on the increasing side.Most youths now make there money with bitcoin and Most of dem are successful with bitcoin, banning it will not sit well with the young people especially those that has benefited from it,

[Rigon]

Given the size of users around the world, Bitcoin has become a fait accompli that cannot be ignored.
Technically, no central authority can ban bitcoins because the blockchain protocol prevents the entity from being in control of the nodes or blocks. Practically speaking, this can be done by governments if humanity decides to abandon Internet technology or if electric power disappears from the face of the earth.

Right. The way Bitcoin has spread around the world, it is not possible for any country's government to destroy Bitcoin. Even if the government of all countries is united, it is possible to ban but not to destroy it. And if it was possible for the government to stop it, it would have stopped it by now. Bitcoin in particular is a decentralized currency and blockchain system. And in order to stop this Bitcoin, Internet technology and electric power must disappear from the chest of the world, only then the governments of different countries can be successful in stopping Bitcoin. And this system will never be possible and Bitcoin will never be destroyed.