[vinay_ys]

There's a simple way to ban bitcoin. Govts already regulate the banking and payment companies. Govt can compel them to not allow/facilitate exchange of bitcoin for fiat currency or vice-versa. Without banking/payments infra supporting such a conversion (only hand to hand cash transfer and exchange conversion by person to person transfers would be possible) which will be very small and network will be dead soon. But obviously govts didn't do that and hence bitcoin has so much usage and hence such high value.

[ShorsHammer]

I use a decentralised exchange to both buy and sell bitcoin, all traffic is routed p2p through the tor network. Binance one of the largest exchanges in the world is building their own DEx too.

Your hypothetical situation is blown out of the water here by existing technology that is clearly very hard to stop. How are governments going with banning torrents?

https://bisq.network/