Any chance for USA to ban bitcoin? - page 8.

Kakmakr

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The USA has already gone beyond that point. They acknowledged Bitcoin as a commodity and people are paying their taxes based on that. As long as people are paying their taxes on Bitcoin, they will not mess with it. The SEC has also come around to being more Bitcoin friendly lately, so I would not be amazed if we might see a approval of some Bitcoin ETF's soon.

The latest angle for applications seems to be focussed on using only local exchanges for price determination, so external factors are less of a concern to them. I hope the Winklevoss twins will re-apply for a Bitcoin ETF, because they deserve it the most. Grin

ColdZerk

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More and more money is flowing into the cryptocurrency, more and more people are learning about it. It is unprofitable for the SEC to prohibit the cryptocurrency, they just want to regulate it and control money laundering.

Smpdytz

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I dont think soo. a socialist country like china only trying to ban btc.other countries not going to ban btc only put some restrictions aganist new ico.I dont think USA ban btc maybe put some restrictions aganist ico

thesmallgod

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Quote from: ayurvedicurea on February 07, 2018, 10:14:38 PM

Every country are starting to ban. What if USA ban? how will it go?

if they ban bitcoin ut will be another disaster for crypto because many investors are also from USA but i dont think they will do that because they like the technology but they are currenlty working on regulating it

Eros1on

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After the hearing, the United States recognized the existence of bitcoin, recognized its value, and only increased its oversight of the virtual currency.

Chosenpai

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Yeah, As others have indicated. The US will not be banning Crypto or Bitcoin. On the other hand, they are making laws to regulate the use of it.

dewi91

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so far USA is a country that very supports the development of crypto technology, impossible if USA will ban bitcoin and I think there is no reason for USA to ban bitcoin. USA is a big and strong country, they would not be worried if bitcoins could affect their economic situation.

ABCbits

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I'm sure the chance is pretty low since USA (or part of USA) already have laws about bitcoin usage/trading/investment such as BitLicense in New York and KYC/AML which used almost anywhere. Even some bitcoin developer and merchants that accept Bitcoin is located in USA.
But minor altcoin and ICO could be banned in USA since most of them don't have real usage or turned out to be scam.

boboking

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USA is land of the free as they say, I do not think that they will. If just in case this happens unlike China citizen of United states can rally in Washington to pressure the government to change their decision. I think they are most likely to regulate crypto exchanges before considering to ban it.

Jimmy palumbo

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The U.S. does not ban bitcoin, the U.S. supports bitcoin, but the U.S. does not support the ICO, which they believe needs further oversight.
This is quite the opposite of what the world's second largest country does. Roll Eyes

yonghaseo

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Most of the investors of bitcoin came from USA which they could even make the most of their time to be more productive, since it's another option for them to earn money. Another thing is it's baseless opinion, so low possibility to happen that it will banned. Their government even convert social manipulators to work to them and provide legal job. Historically USA is a land of opportunities.

sotoshihero

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Quote from: Zepp74 on February 07, 2018, 10:37:58 PM

I don’t think so. SEC just met with the senate and they didn’t talk about banning it. They want to
Regulate it, look into the money laundering schemes and cybersecurity of it.

Yes, they are into regulating the cryptocurrency especially bitcoin as more are into scamming in the guise of fake ICO's. Also some are used in illegal trading. Even other countries are into regulating bitcoin and I think this is for the protection of users,especially us the public.

Maxson

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Governments probably cannot shut it down through "technical" means by hacking the system, thus crashing the value or preventing it from working.

alyssa85

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The only countries that are banning bitcoin and other cryptocurrencies are those that have capital controls - like China, which is experiencing capital flight.

The USA does not have capital controls, and has nothing to fear from bitcoin, and quite a lot to gain from it (new asset, new technology).

MMS2017

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Country like USA are the strong country may ban bitcoin in the future but i will not lose hope that the country will affect the bitcoin fully it is very good for us to make some of the arrangements for this currency and we should also buy some of the altcoin because if the USA try to ban one currency then may the price fall with this so we should make plan B for it.
USA can't control this currency fully but it may try to do some of the obstacles in the way of bitcoin But i don't want leave bitcoin for now and for the future.

pooya87

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with all these Futures markets in US in CME and NASDAQ and all the rest of the things that have been coming like the ETFs, US is not going to ban bitcoin.
other countries have not banned bitcoin either. all you have heard in the past week or so was 90% FUD to make you panic and sell your coins so that the whales can have more bitcoin in their pockets.

tree1100hn

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The SEC in the United States recently held a hearing with no ban. This is good news. Therefore, the BTC is now considered safe. This is a positive sign. At present, the legal currency holding the BTC loss is only temporary, and I believe the future will be even more insane. Please continue to hold! Daoshi will not let you down.

jseverson

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Quote from: MkGregor on February 07, 2018, 10:39:58 PM

You probably have not heard the hearing.
It was neither positive, nor negative, they decided that they have to accept it's existence and need to look into it for proper regulations

I don't know, man, I'd say it's somewhat positive unless you're a scammer:

https://qz.com/1200204/bitcoin-regulation-cftc-and-sec-weigh-in-on-crypto-oversight-at-us-senate-hearing/

Quote

The crypto industry believes the hearing went well. Both Giancarlo and Clayton talked up the potential of “distributed ledger technology,” although Giancarlo noted that there would be no blockchain without bitcoin. The technology has “enormous potential,” Giancarlo said.

If they're operating under that narrative, I wouldn't fear the regulations they're going to put out. I would certainly rule out an outright ban in the near future, barring drastic, unforeseeable circumstances.

Juggy777

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Quote from: ayurvedicurea on February 07, 2018, 10:14:38 PM

Every country are starting to ban. What if USA ban? how will it go?

Baseless speculation USA shall never ban bitcoins, look at bitcoins rise post trump coming to power. USA has even allowed bitcoins futures. If the sec wanted long time ago it could have been banned it, but they're not keen to do so, they know the power of bitcoins and I don't think they'll ever ban it. Instead worrying of ban, start buying it before it's to late.

ellabanana

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Well, it's most likely that it will not happen to USA, they are liberated and their government is probably more open- minded to changes. If we can notice, they will always be the one to adapt first, then eventually, the other countries will also follow. However, if it will actually happen, a big part of cryptocurrency will also crash, without the country like USA supporting Cryptocurrency, other countries will also fear joining this community also. We have that mentality, that if others is doing well, we also want to be doing well to. If they fall, we try to get away from that path.

Topic: Any chance for USA to ban bitcoin? - page 8. (Read 593 times)