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Topic: crypto banned? (Read 847 times)

member
Activity: 742
Merit: 21
Be the reason someone smiles today
September 16, 2019, 01:03:55 AM
#67
You need to understand that Bitcoin cannot be simply banned as long as Internet will exist. Your government blocks you from changing  your crypto to fiat in your country? No problem, do this when you go on holiday in other countries.

Another alternative would be to buy goods directly via Bitcoin as a lot of merchants already accept Btc as a payment option.
hero member
Activity: 966
Merit: 535
September 15, 2019, 06:50:21 PM
#66
Crypto is banned in many countries, such as India. And this trend is growing. But at the same time, many countries accept crypto, so the scales are balanced

No it's not.


I don't think that the crypto can that easily get a ban. All your stated methods like exchange, cards are all third party. And when you are dealing with the third party they always ask you for KYC for their security reason and take a high fee. But do you ever think that if two people willing to a deal directly using the crypto then there is no other to stop. 

Exactly and since everyone has a phone and since making a payment with crypto takes very little data everyone can use it. The fees are much easier to deal with and there are no obligations from the bank or useless forums to fill in.
sr. member
Activity: 1162
Merit: 260
September 12, 2019, 04:39:38 AM
#65
I don't think that the crypto can that easily get a ban. All your stated methods like exchange, cards are all third party. And when you are dealing with the third party they always ask you for KYC for their security reason and take a high fee. But do you ever think that if two people willing to a deal directly using the crypto then there is no other to stop. 
member
Activity: 434
Merit: 10
September 06, 2019, 10:18:55 PM
#64
I am glad to realize that despite all the prohibitions cryptocurrency not only continues to exist, but also to develop very well. It would be strange if the entrenched global financial system would embrace an independent digital currency with open arms. But I believe in bitcoin and its further development. He wins all the state bans.
This shows the power and capabilities of Blockchain. The government cannot stop Blockchain and cryptocurrency development. In the light of this, the governments will be left with no option than to embrace this revolutionary technology and integrate it into other renowned payment systems.
sr. member
Activity: 812
Merit: 253
●Social Crypto Trading●
September 06, 2019, 07:49:23 PM
#63
It will be very difficult to ban something people are so passionate about. Especially when it involved their money and livelihood. No good can come of it but plenty bad can. Logically thinking people will never vote in such a law and this will never be passed. The day something like this passes means freedom no longer exists in that country and you should leave asap.
member
Activity: 1204
Merit: 38
September 06, 2019, 09:06:41 AM
#62
I think that despite all the attempts of the state to ban the cryptocurrency, it will still flourish. It is no longer possible to simply ban this phenomenon or pretend that it does not exist. Bitcoin is able to completely transform the financial world, or rather it has already done so. And the government has only to accept it and stop obstructing.
Government can't stop bitcoin but they can stop the companies from accepting cryptos which can hinder the growth of bitcoin adoption.

But not all governments opposing cryptos which is good thing.
newbie
Activity: 44
Merit: 0
September 06, 2019, 04:49:47 AM
#61
Crypto is banned in many countries, such as India. And this trend is growing. But at the same time, many countries accept crypto, so the scales are balanced
full member
Activity: 952
Merit: 104
September 05, 2019, 05:40:43 PM
#60
Banning has been happening for years and the fact that Bitcoin is continuously developing only proves that banning it couldn't stop it. In fact, people are even wiser. They know how to deal and to get involved in cryptocurrency despite all the bannings and restrictions. Lucky are those countries who are accepting and adopting cryptocurrency because it will be a big help in their economic growth.


Perfect mate people knows how bitcoin useful and the most important thing bitcoin is helping for every country adopt and accept bitcoin not only country economic growth but also for the people of their communities to give them opportunity to get better using bitcoin.
full member
Activity: 644
Merit: 100
September 05, 2019, 04:58:28 PM
#59
Cryptocurrency is banned but cryptocurrencies cannot be killed. Only a few countries have expressly banned the use of crypto. Of course, banning is because it is anticipated in case of undesirable things.

It is, of course, we also cannot ignore it because this crypto is global. Everyone can develop it and there are no restrictions on the industry. Crypto has a very unique system, so people are interested in earning a living in this industry.

This prohibition may not happen in my country because the government also encourages people to develop the crypto industry.
member
Activity: 434
Merit: 10
September 05, 2019, 04:51:56 PM
#58
I think that despite all the attempts of the state to ban the cryptocurrency, it will still flourish. It is no longer possible to simply ban this phenomenon or pretend that it does not exist. Bitcoin is able to completely transform the financial world, or rather it has already done so. And the government has only to accept it and stop obstructing.
full member
Activity: 2128
Merit: 180
September 05, 2019, 04:45:24 PM
#57
I am glad to realize that despite all the prohibitions cryptocurrency not only continues to exist, but also to develop very well. It would be strange if the entrenched global financial system would embrace an independent digital currency with open arms. But I believe in bitcoin and its further development. He wins all the state bans.
That is because blockchain technology is really good and government can’t stop this anymore. We have now an assurance for a good future but expect always the volatility. Crypto banned wont last longer, and as far as I know people can still use cryptocurrency despite of the regulations of their government, its good if we continue to grow.
member
Activity: 308
Merit: 12
September 05, 2019, 04:35:23 PM
#56
I am glad to realize that despite all the prohibitions cryptocurrency not only continues to exist, but also to develop very well. It would be strange if the entrenched global financial system would embrace an independent digital currency with open arms. But I believe in bitcoin and its further development. He wins all the state bans.
hero member
Activity: 1162
Merit: 500
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September 05, 2019, 05:47:34 AM
#55
The IRS can eat a dick. Not afraid of them sorry. You not touching my crypto or getting a single cent's worth. Corrupt government pieces of shit.
In many countries, crypto is already banned and will be banned soon, but many countries still support cryptocurrencies and traders

Stop talking shit.

It is no secret that many governments see a threat in cryptocurrency. They think that here gathered some scammers who do not want to pay taxes. But despite this, the cryptocurrency is still gaining popularity. In time, they would have to accept it.
Basically, the government only needs cryptocurrency that meets the criteria they want, which is to meet the requirements as a banking company so that the country can feel the benefits of using cryptocurrency itself

If it will fill their pockets they will allow it.

Crypto Is Banned In india, but on the other hand court hearing is going on

If the matter is still in the court, it means it is not completely ban.
I have also heard that crypto is ban in china too, but Chinese people are actively using the crypto currencies. A complete ban means that no one is able to use bitcoins and if anyone is found using it, they would have to face legal issues. I do not think this is happening in India at the moment.

People on this forum don't know the law thats why. YOu can't ban crypto. I will make a crypto transaction in from of the authorities and they must come arrest me.
full member
Activity: 1274
Merit: 104
HEX: Longer pays better
September 04, 2019, 09:17:20 AM
#54
It is no secret that many governments see a threat in cryptocurrency. They think that here gathered some scammers who do not want to pay taxes. But despite this, the cryptocurrency is still gaining popularity. In time, they would have to accept it.
Basically, the government only needs cryptocurrency that meets the criteria they want, which is to meet the requirements as a banking company so that the country can feel the benefits of using cryptocurrency itself
hero member
Activity: 2828
Merit: 611
September 03, 2019, 09:54:29 AM
#53
Perhaps, the governments don't want to ban cryptocurrency, but they want people to be careful to invest in the cryptocurrency because the price of all cryptocurrency is not stable and fluctuate. The government wants to warn people about the risk of the cryptocurrency so they can use cryptocurrency with their responsibility. But I think that the government still learning more about cryptocurrency and if they found that the cryptocurrency can help their people, they will allow people to use it and even the government will launch their own crypto coin. Let's wait for their announcement related to the cryptocurrency, and I hope in the end, the government will support the existence of the cryptocurrency among the people.
The real reason why government is actually against cryptocurrency is not because they so much love their citizens and wants to protect them, but believe they want to protect the fiat they have been using as powerful tools against their citizens for a long time now which they have seen bitcoin as a threat too, and they know they cannot stop it or destroy it, so they want to do everything possible to discourage it and that is why they are not giving in to that aspect of regulation.

If government really cares about its citizens as you said, they ought to have regulated the cryptocurrency for them for a very long time now which would really protect their money and investment in cryptocurrency but they would not so that power of fiat can still remain with them.
legendary
Activity: 3136
Merit: 1172
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September 02, 2019, 04:59:11 AM
#52
Crypto Is Banned In india, but on the other hand court hearing is going on

If the matter is still in the court, it means it is not completely ban.
I have also heard that crypto is ban in china too, but Chinese people are actively using the crypto currencies. A complete ban means that no one is able to use bitcoins and if anyone is found using it, they would have to face legal issues. I do not think this is happening in India at the moment.
newbie
Activity: 67
Merit: 0
September 02, 2019, 04:04:26 AM
#51
In many countries, crypto is already banned and will be banned soon, but many countries still support cryptocurrencies and traders
jr. member
Activity: 108
Merit: 1
September 02, 2019, 02:28:25 AM
#50
It is very interesting to watch China. Here, the government is trying to control crypto by creating its own national cryptocurrency. I am sure that their crypto will work only in centralized organizations. At the same time, in order to suppress competitors, China banned ICOs, and mining is also at risk of the ban.
hero member
Activity: 2912
Merit: 556
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September 01, 2019, 10:56:33 PM
#49
Crypto Is Banned In india, but on the other hand court hearing is going on
Crypto isn't officially banned, but it is restricted to be used as a currency. Another thing it is completely on the users own risk, recently a draft was prepared stating that cryptocurrency needs to be banned and the people using the same needs to be sentenced to ten years prison. For this the hearing is going on for months, I believe this will get postponed and postponed for months.

Perhaps, the governments don't want to ban cryptocurrency, but they want people to be careful to invest in the cryptocurrency because the price of all cryptocurrency is not stable and fluctuate. The government wants to warn people about the risk of the cryptocurrency so they can use cryptocurrency with their responsibility. But I think that the government still learning more about cryptocurrency and if they found that the cryptocurrency can help their people, they will allow people to use it and even the government will launch their own crypto coin. Let's wait for their announcement related to the cryptocurrency, and I hope in the end, the government will support the existence of the cryptocurrency among the people.
newbie
Activity: 39
Merit: 0
August 30, 2019, 10:43:56 AM
#48
No point in banning crypto if using it requires someone else's permission. 

 https://cointelegraph.com/news/chainalysis-jesse-spiro-on-crypto-wallet-blocking-and-its-potential-impact
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