why gouverments want to ban bitcoin ?

[Nurudeen]

A lots of countries are ready to ban Bitcoin just because they are already seeing that Bitcoin can render the Fiat currency of their country useless so they don't have any choice than just to ban it

 

[Justin]

India once banned bitcon but the court overturned the ban. My home country has also banned and the ban has not been contested in the court, maybe we should.

 

[Elfinito]

Some governments believe that Bitcoin is used by criminal to carry out their money laundering and cyber crimes, so they hope to ban it to protect people from these crimes

 

[eLdavis]

Government have their various reasons as to why they feel it's best to ban crypto currency, some say according to research crypto currency is being used for fraudulent activities hence they need to stop it's usage

 

[Sotherefore]

Government have their various reasons as to why they feel it's best to ban crypto currency, some say according to research crypto currency is being used for fraudulent activities hence they need to stop it's usage

I know that is true but even if they are banning cryptocurrency this will not decrease the rate of fraudulent activities on the internet, they should rather look for a way of how to track these people who engage in this dubious activities.

 

[Michael 202]

I think why government wants to banned bitcoin is because. They think bitcoin can overule their currency and they feel like it gives us power so that is why it want to be banned by them

 

[skyliequiz]

There are clear reasons for governments to prohibit the use of cryptocurrency. The first is that crypto currencies appear to be designed specifically for individuals like drug traffickers and terrorists who wish to conduct illegal activities.

 

[Blessedsam60]

Government can never impose to ban coini instead they can set a rule to curb the cryto currency and in no time, they will fail it

 

[eLdavis]

I know that is true but even if they are banning cryptocurrency this will not decrease the rate of fraudulent activities on the internet, they should rather look for a way of how to track these people who engage in this dubious activities.

Yes you have a point there, placing a ban would not stop people from using it for negative things, the best would be to track these Set of people, but I do not think the government is actually ready for such task, they would rather ban the weapon no matter it's positive impact than fish out does who use it for bad

 

[Joseph212]

When some countries trying to adopt bitcoin other gouverments trying to ban it why u think some gouverments want to prevent peoples from using bitcoin ?

Cos they lack sense of thinking and make st of them do that cos the rate of youth getting rich through crpto currency and not seeing slave to use with their 30naira stupid slave salary

 

[Sotherefore]

Yes you have a point there, placing a ban would not stop people from using it for negative things, the best would be to track these Set of people, but I do not think the government is actually ready for such task, they would rather ban the weapon no matter it's positive impact than fish out does who use it for bad

No matter how the government are trying to ban the usage of cryptocurrency .there is not how that they will be able to stop the innovative technology of cryptocurrency because cryptocurrency exist and those who have tried to destroy it is already fail
[automerge]1634028862[/automerge]

Yes you have a point there, placing a ban would not stop people from using it for negative things, the best would be to track these Set of people, but I do not think the government is actually ready for such task, they would rather ban the weapon no matter it's positive impact than fish out does who use it for bad

No matter how the government are trying to ban the usage of cryptocurrency .there is not how that they will be able to stop the innovative technology of cryptocurrency because cryptocurrency exist and those who have tried to destroy it is already fail

 

[Nass]

I don't really know why that government want to ban bitcoins, significantly we are in new modern era where almost things are changing day to day as usual, let them understand cryptocurrency is the best.

 

[eLdavis]

No matter how the government are trying to ban the usage of cryptocurrency .there is not how that they will be able to stop the innovative technology of cryptocurrency because cryptocurrency exist and those who have tried to destroy it is already fail
[automerge]1634028862[/automerge]

No matter how the government are trying to ban the usage of cryptocurrency .there is not how that they will be able to stop the innovative technology of cryptocurrency because cryptocurrency exist and those who have tried to destroy it is already fail

Indeed they can only limit it in their various countries but they cannot stop it's movement. Even with the ban there are still people making use of crypto currency, so the ban has made no difference at all

 

[samson1234]

In its current form, Bitcoin presents three challenges to government authority: it cannot be regulated, it is used by criminals, and it can help citizens circumvent capital controls.

 

[Sotherefore]

Indeed they can only limit it in their various countries but they cannot stop it's movement. Even with the ban there are still people making use of crypto currency, so the ban has made no difference at all

Even when China was trying to ban the uses of cryptocurrency ,that only cause a serious drop in the price of all cryptocurrency but that cannot stop the price of cryptocurrency from bouncing back. Cryptocurrency can never be stop that is true.

 

[Essy]

The government wants to ban bitcoin because it cannot have control over it and the government loves to be i n control for selfish reasons.

 

[Good-Person]

I think that the world governments want to ban bitcoin becuase they are simply having a really hard time regulating it. They also want to impose heavy taxes and some governments are able to do so.

 

[07Trinity]

When some countries trying to adopt bitcoin other gouverments trying to ban it why u think some gouverments want to prevent peoples from using bitcoin ?

If we look from different angles you will see that the power of the government dwell on a system they can control and this can not be implemented with cryptocurrency since they can't control it.

 

[tyrim88]

When some countries trying to adopt bitcoin other gouverments trying to ban it why u think some gouverments want to prevent peoples from using bitcoin ?

One of the ways that the government would want to use to control how money is circulated and maintain regulations would be to stop the ease of transfering money at will without checks and verifications.