Can Any Government Ban Bitcoin?
Bitcoin has been on the financial market side for less than a decade, but gradually gaining importance as an alternative property category. Can not intervene in the government of a major country - is there a ban on bitcoin?
Flashback - Holding is an offensive in gold bullion
Those who think that any government (in addition to being led by the dictators of TinPot) needs a history lesson to take extreme measures to prevent the bitcoin. There was a time when gold in the United States was a sore crime, which could have been punished with 10 years imprisonment. In 1933, US President Franklin D. Roosevelt issued an ordinance in which all Americans had to surrender their gold assets to the Federal Reserve Bank. President Ford condemned the ownership of gold for more than four decades before recognizing the ownership of gold. This step became easier than the fact that the United States had previously abandoned the gold term and therefore it was not necessary to keep a large amount of gold to recover the amount of currency.
Great Chinese firewall
Another claim for the Bitcoin ban is the argument that, at the time of the global e-economy, different governments have a lack of authority and power to take action against a decentralized currency like bitcoin. However, just see how China also felt that this is not a case. Foreigners Famous by Government Law and Chinese Internet Service Providers By blocking websites, the Chinese government has attempted to limit the Chinese in a fenced garden rather than see the vast global network. The traffic monitoring equipment is used by the government to strengthen political opposition. Take a step to ban the bitcoin will not be too big for the Chinese government India and demonization
If you think bold tickets are printed by the government and have been certified by the Central Bank, then the last thing to ban will be to think again! The government of India issued an order in November 2016 which declared that the high coins would be lawfully closed immediately. Indian nationals had to prepare queues in the banks to deposit notes of the old currency. Making a decision on the exchange of securities was not easy, which was not easy
With the turn of the great curves of the ATM. This monetization has been used as a tool to prevent tax evasion and solve many governmental problems. Almost a year later it became apparent that representation did not meet the government's objectives and only the demand for Vitkin increased.
Implementation Issues
If a government decides to make commercial or illegal bets, the question will be raised about how they will implement such a ban. It is impossible for the government to seize your bitnic unless you decide to hand over your private keys. However, the majority of citizens and organizations want to remain in the law. Thus, the demand for bitcoin will be reduced if the government has decided to ban it. All trade in this country will also be closed and will be difficult and risky to buy / sell bitcoas. It will break the bitcoin in this country and the government's goals can be achieved.
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