Quote from: BettingTips on January 30, 2018, 10:18:10 AM

Quote from: Gozie51 on August 29, 2017, 05:47:03 AM

It crossed my mind yesterday and I was thinking what if the government wakes up with an obnoxious law against btc ?
Its trade, exchange and outrightly banning btc usage.
Is this possible?
Do you see this coming?
What do you think & what will happen?

Bitcoin, as well as the cryptocurrencies market, is facing a risk of being banned from trading by governments. But I find the government's ban on electronic money is because they feel they can not control the money, fearing it will affect the economy as well as the finances. And now governments in some countries instead of banned Bitcoins and cryptos, are looking for ways to control the cryptos, they recognize that the cryptocurrencies market will be the future of the currency in the next 30 years.

Its too early to tell. Governments around the world don't have the same stand when it comes to crypto, with japan leading those that seem to accept bitcoin with open arms, and those like china who seems too uneasy about an anonymous currency. For me, in the long run crypto will be regulated by certain countries and eventually be accepted with certain laws and restrictions