2 upvotes, 1 direct replies (showing 1)
Of course they can limit trading. See South Korea
They can also limit mining. Mining hardware is specific. They can simply put limits on the import and sale.
The article didn't say eradicate. It said "limit" and that's exactly what would happen
Comment by [deleted] at 24/11/2024 at 22:36 UTC
2 upvotes, 1 direct replies
They can't stop a transaction. At all, not even once. And previous bans alwyas just make people want it more. Banning mining doesn't stop or even slow a block. Not even a smidge. China has banned it many times. All it can do is dent the hashrate for a few months then it comes back even stronger and more decentralized than before. It's easy for miners to relocate. So all these attempts have ever done is signal to the general public that your country is insecure about their currency.