Yes, in some jurisdictions like China bitcoin can be banned, but in the U.S. and other freer countries we are likely going to see an emphasis on compliance and restrictions on how companies can behave in relation to bitcoin. While bitcoin can never be completely banned in practice, we will likely see more oversight of exchanges and financial institutions to make sure investors are paying taxes, money is not laundered, and that investors get adequate protection.
As long as regulation is done intelligently, it will be beneficial for the industry.
As long as regulation is done intelligently, it will be beneficial for the industry.
China may have "banned" Bitcoin, but people can still access it through other means. What the Chinese government has done is restrict exchanges and people from conducting business with Bitcoin. But they cannot stop the network itself due to its decentralized nature. I guess other countries will take advantage of Bitcoin's rise for taxation purposes. Anything that would benefit mainstream governments will get their approval. While some governments say Bitcoin is used for money laundering and tax evasion (in order to justify their means), others say all of the contrary.
I don't think every single country will ban Bitcoin because it's impossible to reach a common agreement between them. Regulations are a must to legitimize the crypto/Blockchain industry. But too much regulations will stifle its growth. Everything will depend on the collaboration of individuals and governments alike. As long as everything's done correctly, Bitcoin will continue to grow like there's no tomorrow. Just my opinion
