US Congressman Speaks About Bitcoin and Cryptocurrencies: Can It Be Banned In The US?

bitcoin Speaking specifically, it is not possible to completely ban these systems, since cryptocurrencies do not have any centralized system.

Because although countries like China have banned Bitcoin mining and buying and selling BTC in the past, when we look at it today, it is seen that China is one of the countries where the most Bitcoin mining is done in the world.

Although cryptocurrencies, which cannot be completely tracked and banned, cannot be completely prevented, a country’s war on Bitcoin will of course reduce its usage rate and negatively affect its value.

Can It Be Banned In The USA?

US Democrat Representative Brad Sherman, known for his negative rhetoric about cryptocurrencies, talked about whether there will be a possible crypto money ban in the USA.

Sherman, who wanted cryptocurrencies to be banned because they finance terrorism and pave the way for tax evasion, said that it is not possible to ban cryptocurrencies in the USA at this stage.

Sherman explained it this way: “When your cryptocurrencies were still immature, they were considered very minor and went unaddressed. But in the current situation, there is a lot of money and lobbying behind it. For this reason, it is unlikely that cryptocurrencies will be banned in the US in the near future.” said.

The USA, which intervened in many decentralized exchanges with the Tornado Cash incident in the past days, ensured that most wallets were frozen for money laundering.

With this step, “Can cryptocurrencies be banned in the USA?” Although there are questions such as: At this stage, as Congressman Sherman said, it does not seem very likely that cryptocurrencies will be banned in the USA.