Post
Topic
Board Bitcoin Discussion
Re: Effects of Banning Bitcoin ?
by
plorph
on 03/11/2016, 19:47:19 UTC
Governments fear Bitcoin  since they may loose their revenue which they get from taxes.Bitcoin transactions are untraceable.Moreover, banks may force governments to ban Bitcoins as they also loose their income which they get through transactions.I dont think it would create a huge impact on Bitcoin.The world itself is moving towards digitalization.Rather, governments can regulate Bitcoin by certain laws instead of banning it.

sorry hate to be a nazi but bitcoin transactions are very traceable, hopefully in the near future we'll have fungibility though