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Warren Buffett: Why You Should NEVER Invest In Bitcoin (UNBELIEVABLE)As of Nov. 3, , there have been no indications that the U.S. government wants to ban Bitcoin. However, other countries have executed bans. Some countries have placed limitations on the way Bitcoin can be used, with banks banning its customers from making cryptocurrency transactions. Bitcoin is a decentralized currency not subject to government regulations. However, governments have the power to ban its usage if they have valid reasons to.