Can someone ban bitcoin?

Posted By ChangeHero KobeJim on 22-06-2021 5:25 PM

Description

Last month, news came in that China banned Bitcoin again, and panic shifted the market into fear. But can governments ban Bitcoin for real? In this article, the ChangeHero team explains why fears of Bitcoin ban are blown out of the water.

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.

Read the full article here: https://changehero.io/blog/can-governments-ban-bitcoin/

Tags: cryptocurrency, bitcoin

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