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??
I don't think the government will be able to block crypto currencies around the world because people nowadays are starting to learn cryptos and is giving them a lot of opportunities as they progress. People are earning and the government knew that and in most countries, cryptos are accepted and is taught in schools for the future generations. The best action the government can take is to regulate cryptos to lessen the illegal activities that most people do.