We have seen the government of China and Russia attempting to declare bitcoin illegal and we know they did not get anywhere with it, instead bitcoin took center stage in both countries. It is now already to late for any government to want to ban bitcoin, because bitcoin has become mainstream and people are the wiser that change in the way we know and see money is inevitable.
Besides, at no time would all the government across the globe be able to reach an accord to ban bitcoin and one strong point, is that bitcoin is not tied to any one country or government. They are sure to come up with some funny laws to frustrate the freedom that bitcoin represents, but it is for us, the community to remind them that power actually belongs to the people.
One day crypto will take over the people. However it is tough for the older generation to accept its safety and that such thing really exists. Most of the bitcoin users are young-middle aged people. Less tech-savvy people have never even heard about it (there might be exceptions as well).
Still its good to see that banning bitcoin is these countries did not have good effect. I am sure crypto will gradually emerge as the new mode of primary transaction in these countries.
i think bitcoin is not banned in any country and not going to be banned in future, hope that in future states are going to consider bitcoin as legal currency and then more and more people will enter in the world of bitcoin,
In some news, bitcoins are banned in some country,
i dont really understand why the government of some country are against of digital currency, is it because bitcoins have no tax? Well they can make a resolution on that if that is thier only reason. If they think banning bitcoins can prevent people from using it, i think they are wrong. They are just teaching people to use bitcoins illegally.
There are a number of reasons why the authorities are having sleepless nights over bitcoin and some other cryptocurrencies and the tax issue is one of them. The main reason, however is that bitcoin came and opened our eyes that government and their agents, have been enslaving us financially. The worse is that bitcoin also provides the way to shut government out of our transactions.
That power to monitor and control people's finances means so much to the government and losing it, is not something they are prepared to come to terms with, so attempts by government and its agents to snuff out live from bitcoin is something to expect, however there getting away with it is a matter for another day.