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Topic: After China, India may ban Cryptocurrency Trading - Finasko.com Reports - page 2. (Read 1004 times)

legendary
Activity: 1148
Merit: 1048
We cannot stop these Governments to ban Bitcoin, well i suppose some of the officials are just lazy enough to study Bitcoin that's why their default decision would be based from a "Powerful and Successful" Country such as China. Probably, There will be a lot more countries with the same Government (with lazy Officials)  would default their decision to ban Bitcoin and CryptoCurrency.

You have to understand, no government in its right mind can allow bitcoin to exist as a part of its economy without regulation. it would literally ruin the economy. governments depend on the fact that they can control how much of the value it generated, makes it outside of the borders. we wouldnt want people to get paid, cross the border and go shop for everything. sales tax is a really big stream of revenue for a government. bitcoin, with its lack of borders, facilitates this process, which is called capital flight.

if you had a government, you would say fuck a bitcoin. trust me Wink
sr. member
Activity: 322
Merit: 252
We cannot stop these Governments to ban Bitcoin, well i suppose some of the officials are just lazy enough to study Bitcoin that's why their default decision would be based from a "Powerful and Successful" Country such as China. Probably, There will be a lot more countries with the same Government (with lazy Officials)  would default their decision to ban Bitcoin and CryptoCurrency.
legendary
Activity: 3080
Merit: 1500
If the current government bans bitcoin in India, that will be the end of the current government. Because the government has failed big time to address our basic needs and invests money in to building big statues and bullet trains. They have also failed miserably to provide job security to the youth of the country. A majority of the bitcoin users are young age people who are earning a decent income and a decent life using their earnings from bitcoin and related activities. That's a blessing to the government that they are not looking for a job. Otherwise it will worsen India's already over crowded job market. So I doubt that Modi government will take such step. But if they take any such steps, they are going to be dumped by the youth in the next election.

 
sr. member
Activity: 630
Merit: 272
This is only the beginning of the war of governments against bitcoin. I think that similar actions will occur on the part of all governments. I hope that in the world there are several countries which will create a bitcoin total freedom and they will become an offshore zone for bitcoin.
newbie
Activity: 9
Merit: 0
According to a news report, a Government panel has advised to close bitcoin and cryptocurrency exchange/dealers in India. How it can impact bitcoin ecosystem? After China and India, It can influence other countries to take similar action. Whats your opinion
It could actually make it stronger in my honest opinion,  if it gets banned,  it will be like books,  people will want it more because it's banned.
newbie
Activity: 19
Merit: 0
According to a news report, a Government panel has advised to close bitcoin and cryptocurrency exchange/dealers in India. How it can impact bitcoin ecosystem? After China and India, It can influence other countries to take similar action. Whats your opinion
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