Looking at the decentralized nature of crypto-currencies,Wonder if govt bans Bitcoins in future??Is it possible let's say by blocking all sites which relate to Bitcoin wallets/payments etc over the internet.In that case what would happen to our existing coins held in those wallets??
Governments wont ban Bitcoin but they might make restrictions against its use and some times they might make formal regulations to people who use Bitcoin locally to avoid any negative effect that might occurs due to the usage of crypto currencies by citizens to government economical system because if a large part of the population starts to do everything in Bitcoin how a government will make taxes to transactions and that issues cannot be solved due to the decentralized nature of Bitcoin and its network