Will the ban have a negative impact on the future of crypto? there are already several countries that prohibit the use of cryptocurrencies.
So far there are many countries where cryptocurrency has not been legalized for even one day. Yet has cryptocurrency stopped? We got the 2017, 2021 bullrun. Cryptocurrency is moving forward every day and will soon become an integral part of the world's financial system.
Topic: After China, Now it's Mexico's Turn to Ban Crypto - page 2. (Read 1048 times)
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I'm getting bored, why the hell same thing happens every time when market start growing. I'm expecting good days for cryptocurrency market are waiting. No matter what, crypto market moving forward and replace back dated decisions made by different government.
When you pay attention to these monstrosities, you can think about global manipulation or say, every time crypto grows there is no stopping, governments demand that it narrow down these powerful lights before it becomes the source of social madness and damages some economies but these can only be said to be temporary freezing processes, when the temperature of crypto increases, the rules of cooling will be broken. Mexico is also not the kingdom of crypto, their ban cannot blow up the crypto market
A ban by a country is natural and I agree with you even though mexico bans it doesn't really affect the price because there is no boom there. in contrast to China, where the majority of bitcoin miners are there and it threatens the crypto world.
As long as there are many countries that accept and support crypto then the future of crypto will not be threatened, I think only a few countries ban crypto compared to countries that accept crypto and it will have no impact on the future of crypto. All countries have their own policies for banning or accepting crypto. I feel lucky because my country is a country that can accept crypto so I feel more free and secure in following the crypto world, and I will use it well so that the results that can be obtained are also good.
Will the ban have a negative impact on the future of crypto? there are already several countries that prohibit the use of cryptocurrencies.
So far there are many countries where cryptocurrency has not been legalized for even one day. Yet has cryptocurrency stopped? We got the 2017, 2021 bullrun. Cryptocurrency is moving forward every day and will soon become an integral part of the world's financial system.Will the ban have a negative impact on the future of crypto? there are already several countries that prohibit the use of cryptocurrencies.
So far there are many countries where cryptocurrency has not been legalized for even one day. Yet has cryptocurrency stopped? We got the 2017, 2021 bullrun. Cryptocurrency is moving forward every day and will soon become an integral part of the world's financial system.Will the ban have a negative impact on the future of crypto? there are already several countries that prohibit the use of cryptocurrencies.
So far there are many countries where cryptocurrency has not been legalized for even one day. Yet has cryptocurrency stopped? We got the 2017, 2021 bullrun. Cryptocurrency is moving forward every day and will soon become an integral part of the world's financial system.
looks like the impact of what Mexico is doing is not big. maybe because there are not many companies and crypto market players from there. very different from what happened because of China.
the market is currently getting stronger. maybe the impact will last for quite a while because altcoins also strengthen with bitcoin. Unlike the previous situation, the altcoin market is growing quite well.
the market is currently getting stronger. maybe the impact will last for quite a while because altcoins also strengthen with bitcoin. Unlike the previous situation, the altcoin market is growing quite well.
It's good that in anyhow the impact just like what you have said is not that much compared to how China impacted the entire market, there' are fewer players which been affected by this news.
Also, with how those known alts that now showcasing their worth, investors are working with it and not just tied mostly with Bitcoin.
This kind of news brings interest to those newcomers who are seeking for good place to invest. Learning the process and understanding all the potentials will move them to ride with this market.
I think we no longer need to worry about what these.countries.are doing, especially what China is.doing because they have banned bitcoin circulation.in their country since yesterday, so we don't need to think about what they will do, because this is.a trade. global market, sometimes the price will go up and down, depending.on how the current market conditions.are
looks like the impact of what Mexico is doing is not big. maybe because there are not many companies and crypto market players from there. very different from what happened because of China.
the market is currently getting stronger. maybe the impact will last for quite a while because altcoins also strengthen with bitcoin. Unlike the previous situation, the altcoin market is growing quite well.
the market is currently getting stronger. maybe the impact will last for quite a while because altcoins also strengthen with bitcoin. Unlike the previous situation, the altcoin market is growing quite well.
After the Chinese government banned the use of cryptocurrencies a few weeks ago, the Mexican government is now banning the use of cryptocurrencies in the financial system.
https://www.coindesk.com/mexicos-treasury-secretary-confirms-cryptos-are-banned-from-financial-system
Will the ban have a negative impact on the future of crypto? there are already several countries that prohibit the use of cryptocurrencies.
Mexico is one of the countries with a large level of the cocaine trade, what happens in cryptocurrency is adopted there, of course, it will be tracked wherever the illicit funds are directed and of course, the Mexican government is also involved in that so don't be surprised if they are banned cryptocurrency. https://www.coindesk.com/mexicos-treasury-secretary-confirms-cryptos-are-banned-from-financial-system
Will the ban have a negative impact on the future of crypto? there are already several countries that prohibit the use of cryptocurrencies.
Did you understand what I just said?
Bitcoin don't need those countries.
Those countries need bitcoin.
I say:
BRING IT ON!
I agree with you, Bitcoin/ALts do not need these country, days will come this country beg to have cryptocurrency because time will come, their monetary system will become bankrupt, and they need to survive only crypto can do that for them.
While they are forbidden somewhere, we create quite comfortable conditions for crypto projects, and the technology is being adopted!
A bank card in bitcoins may appear in Ukraine during July
In July, the Ukrainian mobile bank monobank will issue bitcoin cards with which customers can buy and sell cryptocurrency. This was announced by the co-founder of the company Oleg Gorokhovsky.
The bank will also integrate with an unnamed cryptocurrency exchange. According to ForkLog sources, the WhiteBit exchange will act as a partner of monobank. According to Gorokhovsky, the development of the project has already been completed and is awaiting approval from the National Bank of Ukraine.
A bank card in bitcoins may appear in Ukraine during July
In July, the Ukrainian mobile bank monobank will issue bitcoin cards with which customers can buy and sell cryptocurrency. This was announced by the co-founder of the company Oleg Gorokhovsky.
The bank will also integrate with an unnamed cryptocurrency exchange. According to ForkLog sources, the WhiteBit exchange will act as a partner of monobank. According to Gorokhovsky, the development of the project has already been completed and is awaiting approval from the National Bank of Ukraine.
From what I can see on coinmarketcap, there isn't much change on crypto market, in fact there was an uptick. You cannot compare Mexico to China on any scale
It's still a bad news when we see a country gives a ban to cryptocurrencies. We don't want that to happen because what we really want to see is that more countries adopt cryptocurrencies.But it's true that the scale of China is bigger than Mexico. It is because there are a lot of related companies into cryptocurrencies being found there.
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But banks can't deal with any currency other than the Mexican peso. In El Salvador, things were different as they don't even have a national currency (the Salvadoran Colón exists only in history books) and the US Dollar was widely used by the population.
So does that mean that it is not a blanket ban rather the government will not allow the banking system to accept cryptocurrency? . If that is the case then it is more than welcome as you really do not a banking system for the cryptocurrency market, all you need is to give the users the freedom to send and receive money without restrictions and if they can take care of that, it is more than enough. But banks can't deal with any currency other than the Mexican peso. In El Salvador, things were different as they don't even have a national currency (the Salvadoran Colón exists only in history books) and the US Dollar was widely used by the population.
From what I can see on coinmarketcap, there isn't much change on crypto market, in fact there was an uptick. You cannot compare Mexico to China on any scale
there will be as long as countries that reject and accept crypto money both in the future and the past depending on us observing the market, look for and calculate good opportunities.
it doesn't matter that much..if you bans something that people actually want, they will still find a way to get what they want. porn,drug etc...the sentiment is good, in my county people who have crypto wallet or registered on crypto local exchange have an uptrend..in like 1,5 years there already 6m people have it..
China already bans bitcoin several times in the past years...they will ban it again sometimes in the future
China already bans bitcoin several times in the past years...they will ban it again sometimes in the future
China has indeed banned crypto very often, I have heard this news very often, but now Mexico is also banning crypto, I think there are fewer crypto users in Mexico than China, I believe the negative impact will be very small for the crypto world
Yes! Mexican financial institutions are not allowed to conduct and provide public operations with crypto assets, such as bitcoin, ether, XRP in order to maintain a healthy distance between them and the system financial system. According to the current rules, cryptocurrencies are prohibited from being used in the Mexican financial system, emphasizing that the ban is likely to remain unchanged for the foreseeable future. Maybe it will benefit Mexico right now, but it can cause the central bank to accidentally put dirty money in its vault, so it also faces a lot of criticism.
Countries like Mexico whose economy itself is not very wealthy should actually need cryptocurrency to help them more, but instead they banned the transaction of cryptocurrency instead of guiding the masses to use cryptocurrency correctly. Corruption in Mexico is very serious. Perhaps they are banning cryptocurrencies because they are afraid of people with bad intentions using cryptocurrencies to do some illegal things, but even if a country like Mexico prohibits transactions, they cannot restrain the masses below. The transactions will still exist and will not affect the cryptocurrencies. The impact on the market is extremely small. In fact, if Mexico can reasonably use Bitcoin and other cryptocurrencies, it may be able to alleviate the serious domestic inflation. However, these government officials are always full of unknown things that they cannot control. In addition to the psychological resistance, the trend of the blockchain era will eventually change the world. If it does not conform to the trend of the times, it will eventually be abandoned by this era.
I believe that, that move by the Mexican Government was a power play. In El Salvador, It was the Government that took that decision to make Bitcoin a legal tender and not just one Billionaire that owns a Bank. So I believe that the government is saying if anything like that is going to happen, that will be from them the Government not from an Individual. Eventually, if Mexico is still going to adopt Bitcoin, that will be from the Government itself.
The officials are just pissed, because the billionaire mentioned here (Ricardo Salinas Pliego) announced that his bank (Banco Azteca) will start accepting cryptocurrency, before they got permission to do so from the government. As far as I know, Bitcoin remains fully legal in Mexico. But banks can't deal with any currency other than the Mexican peso. In El Salvador, things were different as they don't even have a national currency (the Salvadoran Colón exists only in history books) and the US Dollar was widely used by the population.
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