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.

How does Bitcoin work?

Can Governments Ban Bitcoin?

How Can the Government Restrict Bitcoin?

China

India

Iran

Turkey

Opinions from Twitter

What is Bitcoin Ban Achieving?

Conclusion

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