Can Governments Really Stop Crypto? The Reality Behind a Full Ban

[peter0425]

Let’s be honest, the fear of a crypto ban pops up every time the market gets shaky or a big headline hits the news. And if you’re holding coins or even just thinking about getting in, it’s normal to wonder, “Can they really ban this completely?”

I don’t think there is nothing to fear about, if the government can completely ban bitcoin completely, then they would have don that. Different countries have tried to ban bitcoin, but they not just successful, they do end up failing. Even if a country declares ban on bitcoin, their citizens are still always looking for ways to accumulate bitcoin, because we all know that the countries trying to ban bitcoin are just doing that just fit their own selfish interests.

When bitcoin gets banned, it doesn't stop working. There are still more countries that allow bitcoin than those who don't so there will always be ways to use bitcoin. Those who have banned bitcoin always go back on their words because their citizens don't really stop using or holding bitcoin anyway.

[Asuspawer09]

Government cannot actually stop it, there is no way they could shut down the whole crypto or even Bitcoin, what they can do is just restrictions, banning etc. but it is really limited someone who knows what they are doing can still access, buy or sell whenever they wanted to if they want to, they are not going to be restricted by it, It was run by the community so it was a global thing for sure it can't be completely ban by some governements.

When cryptocurrency is banned in the county it is surely going to be still accessible by anyone it is just a matter of convenience or are theyare  willing to risk it, because for sure, it will be restricted it is not gonna be easy to access it directly. They need to use a VPN or modify there own network to have access not to mention buying and selling might have a lot of conflict because it is going to be suspicious when you are entering in and out the money on some kind of exchange into your bank. So you have the risk of your account that might be freeze because it is illegal when crypto is illegal on your country,.

[EarnOnVictor]

If it's a country's government that bans crypto, all well and good, the ban cannot be effective even among their citizens and residents, as they have various ways to bypass it without detention. Even if the government wants to start tracing and clamping down on them, how many can they crack? This is the situation in China, many Chinese are dealing in crypto despite the total ban.

However, the case will play differently if all the world's government wants it banned. No app will be able to do anything crypto, total fear in the minds of the people to avoid jail, and no Internet will be able to allow anything crypto.

And guess what, who could lead this to make it possible? The US!

[fikrett]

Let’s be honest, the fear of a crypto ban pops up every time the market gets shaky or a big headline hits the news. And if you’re holding coins or even just thinking about getting in, it’s normal to wonder, “Can they really ban this completely?”

I don’t think there is nothing to fear about, if the government can completely ban bitcoin completely, then they would have don that. Different countries have tried to ban bitcoin, but they not just successful, they do end up failing. Even if a country declares ban on bitcoin, their citizens are still always looking for ways to accumulate bitcoin, because we all know that the countries trying to ban bitcoin are just doing that just fit their own selfish interests.

When bitcoin gets banned, it doesn't stop working. There are still more countries that allow bitcoin than those who don't so there will always be ways to use bitcoin. Those who have banned bitcoin always go back on their words because their citizens don't really stop using or holding bitcoin anyway.

or because the gov sees more pros than cons in starting to hodl themselves

[SusanVac]

I don’t think it’s even possible to fully ban crypto. Like it’s already been said, it’s a network, not a website you can just block. And if big exchanges and stuff get banned, crypto will just go underground. The government can’t really control it, the network has grown way too big. To completely ban crypto, you’d have to ban the internet, and that’s not something anyone is realistically going to do.

[nemesis_incarnate]

I don’t think it’s even possible to fully ban crypto. Like it’s already been said, it’s a network, not a website you can just block. And if big exchanges and stuff get banned, crypto will just go underground. The government can’t really control it, the network has grown way too big. To completely ban crypto, you’d have to ban the internet, and that’s not something anyone is realistically going to do.

it would only halt the development we see now. and i think there will be no such thing on a global level because everybody wants profit - not outlawing the ways to make extra of said profit.

[YOSHIE]

“Can they really ban this completely?”

If you understand the meaning of decentralized nature, it can be said that theoretically and practically crypto/Bitcoin cannot be stopped completely or totally banned, in general we know that Bitcoin/crypto does not have a central server, where they can operate all over the world, even if the government shuts down one country it has no effect on the network.

Moreover, crypto transactions carry out transactions without requiring the government and banks, in general they are processed through wallets, but the government can completely close crypto users completely, of course this applies to the government's own jurisdiction. to access as we do now, to close Bitcoin is not possible.

[betswift]

“Can they really ban this completely?”

If you understand the meaning of decentralized nature, it can be said that theoretically and practically crypto/Bitcoin cannot be stopped completely or totally banned, in general we know that Bitcoin/crypto does not have a central server, where they can operate all over the world, even if the government shuts down one country it has no effect on the network.

Moreover, crypto transactions carry out transactions without requiring the government and banks, in general they are processed through wallets, but the government can completely close crypto users completely, of course this applies to the government's own jurisdiction. to access as we do now, to close Bitcoin is not possible.

And I adore crypto and BTC for that.

It cannot be stopped. Only slowed down by those not seeing true potential.. Which is bad for them and good for countries pushing for the right narrative and regulations as a whole.

[Minor Miner]

If it's a country's government that bans crypto, all well and good, the ban cannot be effective even among their citizens and residents, as they have various ways to bypass it without detention. Even if the government wants to start tracing and clamping down on them, how many can they crack? This is the situation in China, many Chinese are dealing in crypto despite the total ban.

However, the case will play differently if all the world's government wants it banned. No app will be able to do anything crypto, total fear in the minds of the people to avoid jail, and no Internet will be able to allow anything crypto.

And guess what, who could lead this to make it possible? The US!

However, the prospect of all governments wanting to ban cryptocurrencies is highly unlikely, if not impossible. Even the US is leading this movement. Countries like Russia, Iran, and many others that are not allies of the US and are still benefiting greatly from bitcoin are unlikely to agree or comply.

However, if that were to happen, it would be a disaster for the crypto industry. It will not make crypto disappear completely, but its popularity will wane.

[Mpamaegbu]

As long as Trump supports it, the rest of the world will follow, and i think we will be fine.

Even when Trump didn't support it in the past, it didn't kill it. Even when Michael Saylor called it a scam, it didn't kill it. Even when China, which was the main Bitcoin hub, banned it in 2017 and caused mining companies and enthusiasts to flee, it didn't kill it. It's clear that Bitcoin and cryptos in general have come to stay. The only thing that can destroy that at this point is community, not some jokers in politics.

[Fiatless]

Even when Trump didn't support it in the past, it didn't kill it. Even when Michael Saylor called it a scam, it didn't kill it. Even when China, which was the main Bitcoin hub, banned it in 2017 and caused mining companies and enthusiasts to flee, it didn't kill it. It's clear that Bitcoin and cryptos in general have come to stay. The only thing that can destroy that at this point is community, not some jokers in politics.

The US has the biggest economy in the world and most of the biggest crypto firms are based in the US. So the price of Bitcoin would be greatly influenced by policies from the US. Anyway, Bitcoin cannot be stopped by any government and we have seen how the coin has been able to overcome many challenges. There have been predictions about Bitcoin's death but the coin has been able to overcome them and come back stronger.

[Finestream]

No, the government cannot stop crypto because even if the government banned the use of cryptocurrency where the one who got caught will be sent to prison or whatever consequence they face is that there's still people who will use crypto like mining, holding although they are keeping it a secret to anyone. Because government can't stop it then they find another way to make use of it like regulation, make it a reserve, tax or whatever ways they can find to gain profit from crypto.

That's the least they can do with bitcoin, since they cannot beat it or shut it down. And now that they're actually making money from bitcoin, it would be a loss for them if they still try to stop crypto despite of the high demand from its users and investors.

And let's face it, the government is just responsible on banning it or make it highly regulated, but they can't stop the people from accessing crypto because that's beyond their control, that's why people love crypto, or bitcoin because it creates freedom away from the government control.

[Cookdata]

I don’t think it’s even possible to fully ban crypto. Like it’s already been said, it’s a network, not a website you can just block. And if big exchanges and stuff get banned, crypto will just go underground. The government can’t really control it, the network has grown way too big. To completely ban crypto, you’d have to ban the internet, and that’s not something anyone is realistically going to do.

One good side of Bitcoin is that you can buy and hold Bitcoin without anyone consent except your bank account which isn't a problem buying from p2p. You just need to hold and do nothing, if you can't afford the risk of hardware device, go for other cold storage without touching the internet. I remember some years ago when I was reading about China banned on Bitcoin, the effects was hard on Bitcoin but nothing comes out of China that affect Bitcoin but we have whales that has old address with junk of Bitcoin from earlier legacy wallet.

Exchanges are not problem of banned countries, we have many decentralize exchanges listed on kycnot.me, just take one and use the one that is working for you. I think when Bitcoin is banned from a particular region, the first thing government does is to make sure the centralized exchanges that are easy prey and simple place to buy are put on banned, the companies has no choice to but to leave the space for compliance.

[icebar]

Let’s be honest, the fear of a crypto ban pops up every time the market gets shaky or a big headline hits the news. And if you’re holding coins or even just thinking about getting in, it’s normal to wonder, “Can they really ban this completely?”

Usually when the price drops, there is a lot of discussion about it among everyone involved in crypto, but I am not worried about this discussion because when the market is good, no one is unstable, but when the market starts to be bearish, there is a lot of thinking about it. Since it is a trading market, I think we should not panic too much about it but rather trust it. The government cannot stop the use of Bitcoin if it wants to. If you want to control the use of Bitcoin with temporary restrictions, it will never work, which has been proven time and again in the past. No government can ban it, and it is not possible. Where every established company in the world is increasing their use of Bitcoin, it is unreasonable to think about banning it at this time.

[passwordnow]

I don’t think it’s even possible to fully ban crypto. Like it’s already been said, it’s a network, not a website you can just block. And if big exchanges and stuff get banned, crypto will just go underground. The government can’t really control it, the network has grown way too big. To completely ban crypto, you’d have to ban the internet, and that’s not something anyone is realistically going to do.

Not by just underground but it will continue somewhere in the globe. Because one's government doesn't represent the other. So, if US bans it, the other countries that have no issue with it have nothing to say about it and they'll continue. If the last resort of going banning the internet, it's not going to happen because it means that the entire world will be stopped as well or even in some specific areas. It will hit the other businesses there, brick and mortar and digital.

[Maslate]

If it's a country's government that bans crypto, all well and good, the ban cannot be effective even among their citizens and residents, as they have various ways to bypass it without detention. Even if the government wants to start tracing and clamping down on them, how many can they crack? This is the situation in China, many Chinese are dealing in crypto despite the total ban.

However, the case will play differently if all the world's government wants it banned. No app will be able to do anything crypto, total fear in the minds of the people to avoid jail, and no Internet will be able to allow anything crypto.

And guess what, who could lead this to make it possible? The US!

I have to agree on what you've said. It's hard to totally shut down crypto when only a single government bans crypto, but if the ban will be imposed globally and all governments are firm about getting rid of crypto, then everything about crypto will eventually vanish in time.

Well, no doubt US is a very powerful country, but I don't think Trump will resort into that decision. They can increase their tax reserves with bitcoin, so its a wrong move if they ban it for good.

[macson]

A full ban can be implemented by the government because they are the ones who set the rules in their jurisdiction, so it's up to them to regulate bitcoin, and that's all they can do.

They can't go any further than that because bitcoin is built on a decentralized system, meaning governments can't completely stop the bitcoin no matter how hard they try. This has been proven since bitcoin's early years, they tried, but bitcoin only grew.

As long as the internet exists, no matter how hard they try to ban it, bitcoin cannot be eliminated.

[Davidvictorson]

Let’s be honest, the fear of a crypto ban pops up every time the market gets shaky or a big headline hits the news. And if you’re holding coins or even just thinking about getting in, it’s normal to wonder, “Can they really ban this completely?”

A government can definitely make crypto difficult to use. They can block exchanges, stop banks from working with crypto platforms, and even make rules that scare businesses away. In some places, that already happens. But banning crypto fully is a different story, because crypto isn’t just one website or one company you can shut down. It’s a network. Bitcoin, for example, runs across the world on thousands of computers that don’t belong to one single owner.

Well, my government has indeed on paper made crypto transactions difficult through the financial institutions that exists in the country. However and what is more puzzling is that there have been more alternative financial institutions that have embedded some crypto exchange components in their services, systematically bypassing the government's ban on crypto transactions. Although, to be fair to the government, the ban is only on transactions done through banking institutions, aside that they do not witch-hunt the type of crypto-exchange-embedded business that I mentioned. In sum, they can make it really difficult to use bitcoin but a full ban is not possible.

[serjent05]

Well, my government has indeed on paper made crypto transactions difficult through the financial institutions that exists in the country. However and what is more puzzling is that there have been more alternative financial institutions that have embedded some crypto exchange components in their services, systematically bypassing the government's ban on crypto transactions.

The government can lay any law and write any regulation.  They can even declare they will kill Bitcoin on their proposition, but they are all only on paper.  The reality is that Bitcoin being decentralized makes it for the government too dificult to stop.  Bitcoin only needs a miner and a node, a connection to other devices, to make it operate.  I do not think the government will unite to shut down the internet for them to kill BTC, that simply means, shutting down the online communications and trades that will bring trillions of losses to the global economy.

Although, to be fair to the government, the ban is only on transactions done through banking institutions, aside that they do not witch-hunt the type of crypto-exchange-embedded business that I mentioned. In sum, they can make it really difficult to use bitcoin but a full ban is not possible.

The government has a power only on a centralized system, and despite that, we can see the government shutting down an illegal centralized system.  That alone shows how incompetent the government are in implementing their regulations even on a centralized system.  So from here, the government wanting a decentralized system shutdown, in their dreams.

[JiiBs]

Let’s be honest, the fear of a crypto ban pops up every time the market gets shaky or a big headline hits the news. And if you’re holding coins or even just thinking about getting in, it’s normal to wonder, “Can they really ban this completely?”

You might actually be the only one that entertains this thought whenever Bitcoin dips. The most people can think about is, how they would lose a great deal of their assets but, certainly don’t speculate on a ban. It’s not unusual for Bitcoin to pump and dump and those who are active Bitcoin investors knows much about this to not be shaken.

A government can definitely make crypto difficult to use. They can block exchanges, stop banks from working with crypto platforms, and even make rules that scare businesses away. In some places, that already happens.

Surely, a government can make the use of Bitcoin really difficult and they’ve tried this before but, it didn’t turn out well as, Bitcoin users would always find a way around bans and gets really creative at it.