Topic: Do you fear the president of your country, one day, making Crypto illegal ? - page 2. (Read 4114 times)
November 21, 2020, 01:35:11 PM
Not too afraid because in the country where I live, crypto has been legalized, legalized for investment, not for a medium of exchange to replace the original currency. So for durability, it seems unlikely that the rules will change from legal to illegal. Many will disagree later
November 21, 2020, 12:36:31 PM
There will be big change if USA would make crypto illegal.
But in my country is already happen in few years ago, and there are no difference to now. So, i don't fear it.
But in my country is already happen in few years ago, and there are no difference to now. So, i don't fear it.
November 21, 2020, 12:28:51 PM
until now the president of my country has not made this policy. it's just that it prohibits direct transactions using crypto. but if trading crypto with state money is not a problem and it is not prohibited
November 21, 2020, 09:12:07 AM
I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?
I don't think about it at all. Because still crypto currencies are banned in our country. I think a developed country will never ban cryptocurrency. Developing or third world country may ban cryptocurrency. Because they do not have the technology to regulate it. And if a country bans cryptocurrency, it should not be a problem. Because the total system of cryptocurrency is anonymous.
November 20, 2020, 12:58:02 PM
I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?
I don't think about it at all. Because still crypto currencies are banned in our country. I think a developed country will never ban cryptocurrency. Developing or third world country may ban cryptocurrency. Because they do not have the technology to regulate it. And if a country bans cryptocurrency, it should not be a problem. Because the total system of cryptocurrency is anonymous. November 20, 2020, 09:25:41 AM
I am not worried so much. I don't think so that one time crypto will ban. Crypto-currency is expanding day by day. If any country ban crypto it will result the country lose their position from technology.
November 20, 2020, 08:21:57 AM
Here in the Philippines where our current president here do not have care for the poor, running the government with greedy and stupidity. I guess cryptocurrency will never be accepted here if he will continue to reign. But if he will be impeached or he will finish his term I hopefully wish that the next president of the Philippines is open enough to the changes that is happening around the world. Not only for crypto tho.
Are you kidding me mate? Local exchanges in the Philippines started I think that was way back 2014 and now it's nearly maybe second to the last term of the President without any problem from them regarding cryptocurrency restrictions or whatsoever. If you want it political just compare previous leaders if they can match the current one you are talking about.Anyways IMO I'll say No! I am not afraid if the next president will be making crypto illegal because we still have some ways to participate even having some restrictions as Bitcoin is decentralized. They can only shut local exchanges down but not those international ones most especially wallets that allows everyone to transfer funds. But for me it really does not happen because the government make money from those local exchanges since they regulated all of them.
November 20, 2020, 08:14:47 AM
Here in the Philippines where our current president here do not have care for the poor, running the government with greedy and stupidity. I guess cryptocurrency will never be accepted here if he will continue to reign. But if he will be impeached or he will finish his term I hopefully wish that the next president of the Philippines is open enough to the changes that is happening around the world. Not only for crypto tho.
What are you saying? if it's not accepted then you won't have your local exchange or cryptocurrency will be illegal in the Philippines. Do you believe that cryptocurrency is illegal in the Philippines or it's just allowed but it's not regulated, which one? November 20, 2020, 07:56:43 AM
Here in the Philippines where our current president here do not have care for the poor, running the government with greedy and stupidity. I guess cryptocurrency will never be accepted here if he will continue to reign. But if he will be impeached or he will finish his term I hopefully wish that the next president of the Philippines is open enough to the changes that is happening around the world. Not only for crypto tho.
November 20, 2020, 05:09:53 AM
It is indeed very difficult to prohibit the activities of trading cryptocurrencies, as cryptocurrencies are by nature created to be anti-centralized finance. I think it's more beneficial to find a way to legalize it soon than to ban it.
Legalizing cryptocurrency is good, but not all countries can agree with what you are saying, because the conditions and rules in each country are different so it will be a little difficult to implement new things that sometimes conflict with general rules that have been upheld. by residents of their respective countries.
November 19, 2020, 02:30:57 PM
for me personally I am not afraid that even I agree that in my country the president completely legalizes the cryptourrency industry. anything will happen especially when the government in my country is getting interested in crypto and many people are enthusiastic about supporting crypto. so there is a possibility that in my country one day it can legalize crypto.
Yes, if there is good support from the local government, it will be very easy to legalize crypto, because crypto is basically very good for everyone, even though there are many scammers who play in it, but apart from that, everyone is clear can use crypto very wisely. November 19, 2020, 01:58:08 PM
I believe that there is a very big difference between Bazden and Trump, and if we take into account that Trump is a businessman, and Biden is a politician, then the politician will do everything to somehow satisfy his citizens. I believe that he will not be a threat to the cryptocurrency market. Moreover, in the information history of Biden's election campaign, news about the cryptocurrency that he used to fight Trump very often appeared.
November 19, 2020, 01:39:30 PM
If any country want to be bad in front of investors then possible any country President can declare crypto illegal but in my opinion world just recognizing crypto as digital money.
Mostly few countries thinks that BTC is under control of any other country so they are against BTC not against crypto.
Now we can see countries creating their own crypto coin/token, they don't want to see BTC on top.
Mostly few countries thinks that BTC is under control of any other country so they are against BTC not against crypto.
Now we can see countries creating their own crypto coin/token, they don't want to see BTC on top.
November 19, 2020, 01:19:54 PM
Cryptocurrency is a decentralized transaction system so the government cannot control it if it wants to. However, the confidence of the general public in it and the government's decision on its promotion and dissemination will be taken into consideration. As a cryptocurrency user, it is a really scary thing if the president of our country declares it illegal and takes action against it. On the other hand, it is likely to reduce the value of cryptocurrency due to public reluctance to use it and discourage investment. So I always hope that the President in our country will not take such a decision and will take advice and steps to give the people the right knowledge to use it.
November 19, 2020, 01:15:50 PM
It is indeed very difficult to prohibit the activities of trading cryptocurrencies, as cryptocurrencies are by nature created to be anti-centralized finance. I think it's more beneficial to find a way to legalize it soon than to ban it.
Legalizing cryptocurrency is good, but not all countries can agree with what you are saying, because the conditions and rules in each country are different so it will be a little difficult to implement new things that sometimes conflict with general rules that have been upheld. by residents of their respective countries. November 19, 2020, 01:14:32 PM
In my opinion, everything is related to the policies of the stakeholders in a country. however, I believe blockchain technology will be utilized by governments around the world to power their own digital currencies as there are a number of tradeoffs associated with costs and oversight.
November 19, 2020, 01:05:33 PM
for me personally I am not afraid that even I agree that in my country the president completely legalizes the cryptourrency industry. anything will happen especially when the government in my country is getting interested in crypto and many people are enthusiastic about supporting crypto. so there is a possibility that in my country one day it can legalize crypto.
November 19, 2020, 12:51:11 PM
What if, for example - like after that twitter hack - the President wakes up (in a bad mood) and decides with an executive order to make all crypto illegal in the USA?
Of course this probably will never happen in today's world, as the there is big money is invested into crypto currencies; but do you ever think that it is even remotely possible...
Or the next elected president is so "old school" and decides that crypto needs to go?
I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?
In our time, anything can happen. Perhaps cryptocurrencies will be blocked, and possibly on the turnover they will be legalized. However, I don't think there is any need to fear that cryptocurrencies will be banned. To understand this, remember how you were a Jew before the advent of cryptocurrencies, and then you will understand that you do not need to be afraid of anything, just a lot does not depend on us. But if we return to cryptocurrencies, then I see that a lot of money is pouring into this asset and it is unlikely, in any case, cryptocurrencies will be blocked in the near future, on the contrary, there is a likelihood of the appearance of state cryptocurrencies.
November 19, 2020, 12:47:45 PM
This is actually already in some countries.Some countries has already declared bitcoin and other crypto currencies are illegal.As well As India said about the ban of bitcoin though it can be a rumor to create hype. But whatever the decision is cryptocurrency users will be with the crypto as here are scopes left to continue it.
November 19, 2020, 12:41:36 PM
I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?
All of us have that fear even if we don't admit, having the most powerful man in your country banning or making Cryptocurrency, is worst than a nightmare because you can not open trade, you need to hide your identity when trading, and there's a possibility that you will face criminal or civil liabilities, some countries are imposing not only sanctions but imprisonment as well, I hope it will never happen in our country, our country support is very supportive in Cryptocurrency.
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