Bitcoin ban news: Cryptocurrencies ‘virtually impossible’ to crackdown on – expert | City & Business | Finance

He told decentralised currency is, by nature, near impervious to attempted crackdowns.

Attempts will only serve to bolster trust in the decentralised method, in the end, he said.

Dr Barbon said: “Cryptocurrencies’ primary purpose is to avoid government censorship, and their decentralised nature makes it virtually impossible for ‘crackdowns’ to be effective.

“The longer-term impact of government attempts to control cryptocurrencies might be positive, as they showcase the censorship-resistance of blockchain technology.”