Topic: Bitcoin is not to banned or rejected - page 2. (Read 1193 times)
In general, bitcoin is good because we know that many people have increased economically because of bitcoin, but on the other hand there are people who abuse bitcoin for illegal activities such as fraud etc. So as long as we can carry bitcoin on the road of goodness, then I'm sure whether or not there are certain rules for bitcoin, bitcoin will still continue to grow because it is supported by great enthusiasm in it.
There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.
For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.
Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.
I question my self that do we can be free or stay away from fraud?
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.
For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.
Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.
I question my self that do we can be free or stay away from fraud?
Yeah, I would agree with that. The lack of control in this sphere make it vulnerable. There is urgent need for regulations.
Of course there are some things about BTC that can be improved but let's don't forget that this Cryptocurrency world has a lot of advantages, like..all the transactions are anonymous.Now that can be used in a good way or in a wrong way depends on the person's intentions.The thing is..if you want to work in this BTC world then you have to take some risks.
Investors will always have in their minds the realization that 20k per bitcoin was and can be quite achievable. As in the 17th year, for a free-time they ran and they will run again, because they already understand. And this is a very solid ground for the new pampas.
In general, wagging a certain corridor, it would be good to argue with it.
In general, wagging a certain corridor, it would be good to argue with it.
No one can stop bitcoin as there is no central authority since the currency is decentralized. This means the government has no particular organization to ban. Its a peer to peer network. So, if the government has to destroy bitcoin, they will have to stop every person from using it. Think of it like the torrent network. Has the government still been able to stop the usage of torrent for illegal usage and piracy? Nope.
If you look at what happened to fiat with all its regulations but in fact still abused, it all depends on the user and regulation also the law enforcement, and these two are the main factors but actually there are more factors interfering here but the list will be long. After all, this kind of topic have been discussed in this forum many times, if you are still not satisfied with the answers in this thread you can read other threads with similar topics.
To my knowledge people have talked much about bitcoin bane and it's rejected from the world but still they are not successful and it won't be true even we will not see that time when bitcoin will reject from the world and it is not controllable so people can use it every where in the world with out any further force and people use it for their good usage now.
Some government of different countries are rejecting bitcoin, we dont know the real reasons why they are doing this but it is a bad thing becaise they did not accept the next future currency of our world. Still bitcoin is on the top although some coutries are against to bitcoin.
I am sure that soon btc will prove everyone that it is the best coin and it is our future. it will be impossible to ban it or reject. There is no sense in denying that this coin can offer us many pros
All these points seem to be an allegations against bitccoin aside that before bitcoin people were still using national currencies in commiting crimes and as far as something is good it definitely has people toshow some bad aspect of it and to us we know bitcoin can not be rejected or banned and even some countries which turn it banned them will soon appreciate it essence in life.
Bitcoin is ahead of its time. Countries that have banned its they are simply afraid of its, because they don't know what it is and what its strengths and weaknesses are. They decided: we will wait, let others accept it, and then we will see. But for now, in order to avoid unpleasant incidents, it's necessary to prohibit it.
The way I see is there is no solid valuation for Crypto currency and no legislation by a gov. Once one of these will be done fundamentally other will follow up and can be openly used later on.
All these points seem to be an allegations against bitccoin aside that before bitcoin people were still using national currencies in commiting crimes and as far as something is good it definitely has people toshow some bad aspect of it and to us we know bitcoin can not be rejected or banned and even some countries which turn it banned them will soon appreciate it essence in life.
Let us desist from ascribing all forms of negatively to cryptocurrency. If a government chooses to prohibit it, it is often out of hatred for decentralization. There are a lot more scams associated with the fiat currencies that are well regulated. Some very good countries are already promoting cryptocurrency.
There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.
For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.
Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.
I question my self that do we can be free or stay away from fraud?
From the first launching of Bitcoin is a digital asset that has no physical form and the crime of using Bitcoin has long happened because of its anonymity, but that only a few people do it, but it continues to be exaggerated with the aim of dropping Bitcoin. But you don't worry! as long as the ICO project is still crowded by investors and Bitcoin is still valuable, that means Bitcoin and crypto are useful in everyday life. 1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.
For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.
Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.
I question my self that do we can be free or stay away from fraud?
Bitcoin is decentralized currency so it can not be rejected by any third party and it is free form political interference so it can be said that it no one can bane bitcoin it is free and it will free from third parties, bitcoin is good to buy now at low prices and keep it for trade in future now many businesses in the crypto are using crypto as money for buying and selling and this will make a new world which will rely on bitcoin and crypto but still it takes time to implement every where for use.
Bitcoin will be banned if all country will agree on one decision.
But if there will be one alone who will stand in favor of BTC then it is not possible.
There are so many country seeing that Bitcoin is one of the answer of against poverty.
BITCOIN will never be banned. it will be regulated though.
But if there will be one alone who will stand in favor of BTC then it is not possible.
There are so many country seeing that Bitcoin is one of the answer of against poverty.
BITCOIN will never be banned. it will be regulated though.
My government can do anything include banning crypto for their good.
We as civilian can't do nothing against their decision because in other side, government want to protect their people from harm because as we know that crypto trading consider as risky investment.
As long as I'm aware the risk, I still can trade but with my own risk !
We as civilian can't do nothing against their decision because in other side, government want to protect their people from harm because as we know that crypto trading consider as risky investment.
As long as I'm aware the risk, I still can trade but with my own risk !
For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems.
Anything in this world involves risks. Even just crossing the road, there is risks accustomed with. If our forefathers looked at and dealt with these negatives negatively, we would not have seen progress now. Even in any financial institution, these negative reasons are present, but why did they manage to go mainstream? It's because they looked at its benefits rather than its downsides, which is obviously weightier than the latter. Yeah, I also believe that to clear all the doubts about crypto, it must be regulated by the government, so as to avoid abuse also. Through that, it will reach its full potential. That is probably the only thing that's left undone for it to be widely adopted.
It seems countries that reject Bitcoin are not more than countries support it, it's only a matter of time until they make a decision to follow other countries because inevitably they have to be part of the change if they don't want to be left behind by other countries.
Bitcoin is known worldwide for it is uses blockchain technology. Maybe some countries banned bitcoin but try to look at those countries who adopted bitcoin, their economy has stabilized.
Freeing from fraud? It will never happened. Let me remind you that the population of the whole world is 6.5 Billion people and each of them has different characteristics. Fraud will never get away especially to the third world country. Getting in jailed is an easy part compared to looking for money to buy food. So, with the poverty people resort to doing fraud. You can even sense that here in the forum especially in marketplace that there are many fraud users out there. And we can't do anything about it because it is already there and it will be so hard to remove the fraud in that section.
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