Topic: Do you fear the president of your country, one day, making Crypto illegal ? - page 6. (Read 4123 times)
October 19, 2020, 11:32:55 PM
Yeas i fear if Crypto get banned by our precedent.but i believe that, if he takes decision something like that, then that due to welfare for our country.cause many developing countries like china, banned bitcoin & declare about using bitcoin is a offensive crime even will be punished by low if found.and that ban has no effect to their people, they still developing so fastly.but i like to use crypto for cope with advance technology
October 19, 2020, 03:09:54 PM
It is not possible to ban bitcoin in my country cause the prime minister of our country already declared bitcoin as illegal currency.but i don't care of bitcoin if it will be unban or not, cause i can enjoy & use bitcoin even it is illegal in our country.but every government should allow bitcoin for transactions, thus using bitcoin may helps to develop of our country
October 16, 2020, 03:03:05 PM
Well, if it happens that in my country they thoroughly "tighten the screws" and it becomes impossible to cash out or use cryptocurrency, then you will have to periodically make «shoptours» to those countries where there will be no problems with this.
October 16, 2020, 02:02:39 PM
annonucment about illegality or legality both would be different from one county to another.courtiers that are already annonuced Crypto as legal by theirs precedents, is difficult for them to re-announce crypto as illegal.but don't worry much about that cause govt. can't stop people using cryptocurrency.but i assume, thus cryptocurrency price might go below and as a crypto lover, i don't want that happened
October 16, 2020, 12:57:09 PM
I live in Turkey where the economy is suffering right now. At any moment, the state can impose a tax on cryptocurrencies. They may consider them illegal. There are even rumors that they are currently working on cryptocurrencies.
October 15, 2020, 06:23:32 PM
I can hardly imagine a scenario like this. Even if this happens, it can only have the opposite effect. Indeed, due to the increase in restrictions on cryptocurrency, the demand for it will also increase.
Such precedents have already been met. Bans always have very controversial consequences, including an increase in crime. Any government must understand this and act in the most productive way so as not to create imbalances.
the prohibition of using cryptocurrency in some countries may be due to the influence of unstable price movements and security when transactions are being made, because we all know that there are many cases of theft and loss of assets in cryptocurrency so that it will make a country think longer when it wants to provide legality to use of cryptocurrency. Such precedents have already been met. Bans always have very controversial consequences, including an increase in crime. Any government must understand this and act in the most productive way so as not to create imbalances.
October 15, 2020, 06:07:55 PM
I think every crypto enthusiast is scared of it,
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?
If that would be illegal, you can still find a way to trade crypto as it's anonymous, you can send it from country where it's legal and let them do the job for you, actually you can always find a way if you are a crypto enthusiast. Maybe I'm just lucky that crypto is legal in our country but I'm pretty sure some other countries where cypto is illegal are still enjoy crypto in ways they can avoid getting caught.
October 15, 2020, 05:57:33 PM
No Of course not, There are privacy coins I could use and no one can track them, then Every time I need cash I just deal with a face-to-face person or just travel to some other county and cash them with ATM or just use Localbitcoins for that!
What do you think this process is very easy? You will not support cryptocurrency in the future if you have to go to another country to buy a coin. Still, I don't want to face anyone to buy or sell cryptocurrency. If you make a face to face transaction, then what does digital currency mean?Whatever it is, you should fear this illegal news. You can't go against government rules.
October 15, 2020, 05:20:35 PM
Seeing the current world trend, the possibility of Crypto being banned is tiny. Still, if this scenario occurs in my country, I will first read the government's regulations, whether Crypto is prohibited from being used for daily transactions or is prohibited for investment assets and daily transactions. If the government forbids Crypto to be used as currency, I will carry out the order because, in my country, there are still not many shops that accept payments in cryptocurrency. Nevertheless, if Crypto is prohibited for investing as well, then I will create an exchange account with the VPN of another country, and when I want to make a withdrawal, I need to sell Crypto with another currency pair that I wish to then I sell that currency with my country's currency.
October 15, 2020, 04:49:58 PM
I can hardly imagine a scenario like this. Even if this happens, it can only have the opposite effect. Indeed, due to the increase in restrictions on cryptocurrency, the demand for it will also increase.
Such precedents have already been met. Bans always have very controversial consequences, including an increase in crime. Any government must understand this and act in the most productive way so as not to create imbalances.
Decisions cant really be imposed directly yet it will vary on what kind of government you do had into your country and if its a Monarchy or Dictatorial one then expect that everything would Such precedents have already been met. Bans always have very controversial consequences, including an increase in crime. Any government must understand this and act in the most productive way so as not to create imbalances.
be changed directly or be effective immediately unlike on Democratic type of country where it will still pass on lots of debates and argumentation before a new law or
prohibition will take place but decisions made by president will most like be followed.So lets hope it wont really that happen.
If this thing happen into our country, then i would be liar if i wont tell my inputs and feelings about it which i will surely be worried specially if crypto earnings would be tax or completely banned
because it will mainly affect your crypto activity and earnings on that case which we know that earning money nowadays is very crucial specially now
on a pandemic situation.
October 15, 2020, 04:44:05 PM
This is an interesting topic because, It is entirely feasible for a president to choose prohibiting cryptocurrency. however i dont believe it would be as simple as that since everything ought to go through legitimate cycle.
Also, Cryptocurrencies has not come at this point where legitimate adoption is also a big step in the innovation that most countries want. Individuals has settled on the correct decision to work or invest in crypto in light of the fact that they are truly making good benefits from it and had the option to support their essential needs.
Cryptocurrencies poses very big opportunities and countries will want to gain from it so i dont fear my president banning it.
Also, Cryptocurrencies has not come at this point where legitimate adoption is also a big step in the innovation that most countries want. Individuals has settled on the correct decision to work or invest in crypto in light of the fact that they are truly making good benefits from it and had the option to support their essential needs.
Cryptocurrencies poses very big opportunities and countries will want to gain from it so i dont fear my president banning it.
October 15, 2020, 03:58:01 PM
I think every crypto enthusiast is scared of it,
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?
If that would be illegal, you can still find a way to trade crypto as it's anonymous, you can send it from country where it's legal and let them do the job for you, actually you can always find a way if you are a crypto enthusiast. Maybe I'm just lucky that crypto is legal in our country but I'm pretty sure some other countries where cypto is illegal are still enjoy crypto in ways they can avoid getting caught.
October 15, 2020, 03:00:48 PM
I can hardly imagine a scenario like this. Even if this happens, it can only have the opposite effect. Indeed, due to the increase in restrictions on cryptocurrency, the demand for it will also increase.
Such precedents have already been met. Bans always have very controversial consequences, including an increase in crime. Any government must understand this and act in the most productive way so as not to create imbalances.
Such precedents have already been met. Bans always have very controversial consequences, including an increase in crime. Any government must understand this and act in the most productive way so as not to create imbalances.
October 15, 2020, 08:13:20 AM
No Of course not, There are privacy coins I could use and no one can track them, then Every time I need cash I just deal with a face-to-face person or just travel to some other county and cash them with ATM or just use Localbitcoins for that!
October 15, 2020, 07:55:03 AM
If that would be illegal, you can still find a way to trade crypto as it's anonymous, you can send it from country where it's legal and let them do the job for you, actually you can always find a way if you are a crypto enthusiast. Maybe I'm just lucky that crypto is legal in our country but I'm pretty sure some other countries where cypto is illegal are still enjoy crypto in ways they can avoid getting caught.
October 15, 2020, 06:56:49 AM
I think every crypto enthusiast is scared of it,
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?
If that would be illegal, you can still find a way to trade crypto as it's anonymous, you can send it from country where it's legal and let them do the job for you, actually you can always find a way if you are a crypto enthusiast. Maybe I'm just lucky that crypto is legal in our country but I'm pretty sure some other countries where cypto is illegal are still enjoy crypto in ways they can avoid getting caught.
October 15, 2020, 06:52:17 AM
I think every crypto enthusiast is scared of it,
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?
October 15, 2020, 04:00:23 AM
It's not like without access to crypto you gonna starve though. If the government that's democratic trying to impose ban against crypto and make it illegal at best it's just gonna be a law that's there for decoration more specifically if its imposed in a third world country. Different if you have government with authoritarian regime that try to rule even the smallest thing in individual.
October 15, 2020, 03:38:47 AM
Illegal at what point? Transactions as a means of payment or holding. We need to recognize that everyone can hold cryptocurrency and that no one can stop them from doing it. There are good arguments for banning crypto.
Some cryptocurrencies do not require KYC so everyone is free to hold. If the government does real bans how will they know who owns the cryptocurrency to handle the breach?
Some cryptocurrencies do not require KYC so everyone is free to hold. If the government does real bans how will they know who owns the cryptocurrency to handle the breach?
October 15, 2020, 03:15:13 AM
of course, I am worried about that, what is certain to happen is that the local exchange in my country will likely be closed...
currently crypto is one of my additional income, if the government imposes this it will interfere with my income. I still hope this never happened.
currently crypto is one of my additional income, if the government imposes this it will interfere with my income. I still hope this never happened.
This prohibition will be senseless. Cryptocurrency transactions (at least, many of them) are anonymous. Besides, I do not think that the government will be tracking any “average” person to understand if he deals with crypto or not. However, I suppose, crypto in my countries might get some restrictions.
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