Post
Topic
Board Bitcoin Discussion
Re: Bitcoin can be banned or stopped by governments
by
Abiky
on 13/01/2023, 13:35:55 UTC
If governments could ban Bitcoin, they would have done it by now.

They can still ban it completely through centralized exchanges. By cutting off people's access to BTC with Fiat, it will be much harder for the cryptocurrency to be used at a large scale worldwide. The only solution would be to acquire BTC in person or through a decentralized exchange. But if Bitcoin is declared illegal for mainstream use, then people will think twice before using other methods to buy it with Fiat. They could easily face fines, jail time, or execution (depending on the country).

At least we know that not all countries of the world will turn themselves against Bitcoin. Some will support it, while others will reject it. As long as there's some level of support for BTC, we can be sure it won't go away anytime soon. Who knows what the future holds for the cryptocurrency? Just my thoughts Grin