cryptocurrency is indeed prohibited from being used as a transaction tool because that would disrupt the development of the Fiat and the economy. however, cryptocurrency is not banned, because the government is also investing in crypto. however, it is suitable to say that the government is also inspired by crypto, even large companies like China and Facebook. it's just that the emphasis written on the local police law lies in the use of crypto as a substitute for fiat in real life.
When bitcoin become legal transaction have have pay tax for government I think give positive economic for some country have allowed using bitcoin and not controversial or against with bitcoin anymore, many people will trusted with bitcoin and keep bitcoin become most profitable investment assets for the future if keep invest and not law can stop bitcoin become most interested investment assets. 
Topic: Crypto Currencies VS local law policies - page 2. (Read 757 times)
in my country, many people excited about bitcoin, not all people know about it, and its hard to find people that know about bitcoin, but there are many people use it and try hard to earn in any ways. there are some store already accept payment using bitcoin, although government deny to buy or sell use bitcoin, and its can be one of the other people that really want to use crypto as payment, but back to the obstacle aka government. hoping, we can use freely like using fiat money.
the differences in the crypto and country systems are what keep it from being rejected. but different from the technology. which blockchain can be used on a government system. so many countries are eager for technology, but not so interested in the currency. yes, because the blockchain cryptocurrency was mostly created in decentralization. and that is against the government.
cryptocurrency is indeed prohibited from being used as a transaction tool because that would disrupt the development of the Fiat and the economy. however, cryptocurrency is not banned, because the government is also investing in crypto. however, it is suitable to say that the government is also inspired by crypto, even large companies like China and Facebook. it's just that the emphasis written on the local police law lies in the use of crypto as a substitute for fiat in real life.
yes most countries definitely support and want to implement blockchain technology in their countries. because blockchain technology is very revolutionary, effective and efficient. but most countries in the world support blockchain but prohibit crypto. I think this is a natural thing because all countries already have a national currency they reject crypo because they are afraid that if they legalize crypto, the sovereignty of their national currency could be threatened. but I am optimistic that when the blockchain technology has been adopted and is growing rapidly and is aware of the features of crypto, they will also accept crypto.
As this is a digital world. Government also should change. In my country cryptocurrency are restricted. Using bitcoin is illegal here. As bitcoin is used in some countries cryptocurrency should be accepted as mode of payment, Bookings, Bank transactions all over the world.
YES! the government can change to legalize cryptocurrency. I'm very proud because in my country cryptocurrency is legal and as a payment it's used in many sectors such bank,airways,online shop,travel and i can used to pay for electricity bill. Crypto regulated countries got a lot of advantages. 
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology.
All countries really enjoy blockchain technology, just see that every day news channels keep talking about how many countries like blockchain technology, a great example:
china hainan free trade zone pledges 140m in new blockchain support
But china doesn't like bitcoin
I think, a global revelation only can bring those countries to be inspired.
what do you mean by "revelation"?
If we are to think is there a barrier between cryptocurrencies and the government or local policies? Well, for me, not really. If both of the parties will understand each other, then we could say the barrier could be broken. There isn't really something for them to fight for, because if government will see the light from cryptocurrencies despite of its sole characteristic of being independent to third parties, then they could regulate the cryptocurrencies. More of, to control local exchange and to generate taxes from it that will be beneficial mainly for their people.
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
Governments will bring in regulations. They are accepting of blockchain but are wary of crypto. 
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
Definitely that governments would regulate cryptocurrency if it is being adopted in their country. Almost everything is under the regulation of the government. Taxes, laws, and policies are everywhere that we must obey in a country we are living in. The more the government sees the growth of cryptocurrency population locally, they'll look over it and will eventually try to control and limit people using it. Regardless if they see it as a threat or not, if they know something inappropriate can happen there like illegal transactions, they'll make an action to prevent it. 
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
They think cryptocurrency is a big threat to banks and other financial sector and that's why some government are still not making any regulation about this one aside from banning it. You are lucky if you are in a place where crypto is legal, and in my place you can use it with a regulation especially if you are going to do a legal business but ordinary people can own bitcoin or any other cryptos legally which is more good for all of us. They have to understand this technology, we still need the support of many countries. Of course, states and their governments are not enthusiastic about cryptocurrencies, this is an extra problem for them, however I hope that cryptocurrency will continue to coexist peacefully with national currencies.
Definitely, the local law will be one of the main barriers for this cryptocurrency flourishment around the whole world, It's expected that every country has a self monetary policy which is not favorable to the blockchain system, Every local money is controlled by each central bank but cryptocurrency and blockchain system is not like that, So this is the fundamental difference between local law and cryptocurrency, I also think that Local currency-related policy would hamper the position of cryptocurrency in the local market.
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
It is already expected that the government wouldn't straightaway legalize cryptocurrency considering the fact that it is decentralized and no form of government organization can have a power over it. There are plenty of countries already who disapproved crypto because of being too anonymous and also the cases where it was used in the black market or illegal transaction. Let us that sooner or later, a law would passed fairly so that cryptocurrency can be regulated all over the world for everyone's benefit and convenience. 
As this is a digital world. Government also should change. In my country cryptocurrency are restricted. Using bitcoin is illegal here. As bitcoin is used in some countries cryptocurrency should be accepted as mode of payment, Bookings, Bank transactions all over the world.
Meanwhile in my country, Bitcoin is not supported nor banned bu rather the central bank just released a warning to those people who would like to venture in the cryptoworld. It is said that there are risk and you should be responsible enough to face it since we know that the price is unstable and those who aren’t familiar or expecting a great return in a short period of time with no prior knowledge would surely lose their precious money in the process and then blame Bitcoin and say unpleasant things about it. 
As this is a digital world. Government also should change. In my country cryptocurrency are restricted. Using bitcoin is illegal here. As bitcoin is used in some countries cryptocurrency should be accepted as mode of payment, Bookings, Bank transactions all over the world.
I believe crypto is the next form of money. With the course of evolution, money loses its material shell and takes on a digital form. People used to pay with furs. Then - with precious stones, gold, silver. Then fiat appeared, and now we have cryptocurrency. We can't prevent evolution and governments as well.
The current situation can not change the upcoming future. we see a potential thing about cryptocurrency and even local law policies will not break that and it can be changed when the time comes. so we should not be worried so much because we know how crypto actually work to help us.
There is a wide misconception between crypto and blockchain, just because bitcoin cryptocurrency was made on the blockckhain technology does not mean that it defines it, a lot of countries and governments have acknowledged the fact that the blockcchain technology is a key to the future and have already started implementing it and using it for many services, and the only reason why they would ban crypto, is because they are unable to control it and they feel threatened by it taking over the local currency.
In such a case that the main goal for them is to collect taxes from people and people utilizing cryptocurrencies don't need to worry about taxes. And in that case, government will have their source of tax enough for their government to run. So basically government need their people, and people need their government as well. The main thing that should be solved in this problem is to find the point where both parties intersect and have a good connection that both parties will not lose a deal so utilizing crypto with tax would be an idea.
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
Local law is local law. If a country wants to ban it's citizens from using cryptocurrency, then it has every right to. There isn't enough lobbying in the world that could possibly change that. I think that fiat currency took a long while to fully implement into the infrastructure of most countries way back then, and so the same could be said of Blockchain technology and cryptocurrencies. The only way that I can see a strict country changing it's stance on crypto use and adoption is if the united Nations made some sort of decree that Blockchain and crypto is mandatory for switching over from fiat. Then those countries may sing a different tune.Lol maybe in the shithole you live in. The rest of us live in countries where the governments aren't complete idiots. So you saying th government has every right to tell you what to do and has the right to do so? Are you completely insane? Noone has the right to take your freedom. Oh and btw slavery was also once the law so stick your "law is law" bs up your ass because the nazi officers of ww 2 were also only doing ehat the "law was" You need to think a little.
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
Very strong global awareness that will focus more on the real use of cryptocurrency is really needed for countries that are against cryptocurrency to be inspired, and it would have been better if the awareness is coming from the top countries that they are looking up to for standard and better way of government, but unfortunately, not even many of those countries too are having that much faith in cryptocurrency because of its volatility and secondly because of the ways and manners at which some of these dark web agents are using it.
So before we can really see them accept cryptocurrency, they will first of all see the possibility of controlling and curtailing those activities which I think china is already doing, but will really take a very slow process.
The things that will be connected with crypto will start from the coins according to their provisions first. what is done by China is to prevent speculation circulating outside the essence, which is wildly linking various crypto with government policies towards the blockchain.
Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.
Very strong global awareness that will focus more on the real use of cryptocurrency is really needed for countries that are against cryptocurrency to be inspired, and it would have been better if the awareness is coming from the top countries that they are looking up to for standard and better way of government, but unfortunately, not even many of those countries too are having that much faith in cryptocurrency because of its volatility and secondly because of the ways and manners at which some of these dark web agents are using it.
So before we can really see them accept cryptocurrency, they will first of all see the possibility of controlling and curtailing those activities which I think china is already doing, but will really take a very slow process.
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