Can Governments Ban Bitcoin? Do You Have to be Concerned?

Key Takeaways

  • Is a total Bitcoin ban possible at all? No, because as long as there is Internet access, users can download Bitcoin software and access its network;
  • This is a result of Bitcoin being decentralized, meaning that it is supported by a worldwide network of nodes and miners, and immutable, meaning transactions can’t get reversed;
  • There is a partial Bitcoin ban in some countries of the world: China, Iran, Turkey. It usually implies prohibition on banking or trading services.

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