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Topic: France declares war on the cryptocurrencies - page 11. (Read 1107 times)

legendary
Activity: 2044
Merit: 1008
What is wrong with all these nations? First it was China which was trying to ban the Bitcoin trade. Then it was India's turn. And then we heard news from Nepal and Bangladesh, where Bitcoin users were arrested and detained. And when we thought that we had enough, there was a major blow from one of the most significant markets (South Korea). And now France as well...
full member
Activity: 406
Merit: 100
Market Integration Platform
Can't you read this? This is about crime and and they are right on regulating crypto to fight cyber crimes. There is nothing for traders etc.
newbie
Activity: 182
Merit: 0
The news has effect on only French traders. The whales and global traders will not give a shit to this news.

But the old world wants to start a war against crypto money. The banks and politics have been giving speeches about this war since 2 months. 2018 will be the financial war year between crypto world and the real world.

Since bitcoin and cryptocurrency has been introduced mainly to the public last 2017, it may have posed a threat for the authorities and now they must make some actions in order to regain control and dominance over this growing 'currency'. Just these past few days, many news came out regarding the different country's regulations that have been made.

They are mostly intentions rather than real actions, but the news make big impact on regular people, because they can't distinguish between a legislative act and a proposal to make some changes in the law. Hearing something from a top political or financial figure the media makes it look like it is already done while it is only words yet.
Agree with you
member
Activity: 80
Merit: 11
EndChain - Complete Logistical Solution
I'm sure even though the rule has been made, many French people still transact using BTC today, and that means the French state will be against its own population..
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
The news has effect on only French traders. The whales and global traders will not give a shit to this news.

But the old world wants to start a war against crypto money. The banks and politics have been giving speeches about this war since 2 months. 2018 will be the financial war year between crypto world and the real world.

Since bitcoin and cryptocurrency has been introduced mainly to the public last 2017, it may have posed a threat for the authorities and now they must make some actions in order to regain control and dominance over this growing 'currency'. Just these past few days, many news came out regarding the different country's regulations that have been made.

They are mostly intentions rather than real actions, but the news make big impact on regular people, because they can't distinguish between a legislative act and a proposal to make some changes in the law. Hearing something from a top political or financial figure the media makes it look like it is already done while it is only words yet.
full member
Activity: 336
Merit: 106
The news has effect on only French traders. The whales and global traders will not give a shit to this news.

But the old world wants to start a war against crypto money. The banks and politics have been giving speeches about this war since 2 months. 2018 will be the financial war year between crypto world and the real world.

Since bitcoin and cryptocurrency has been introduced mainly to the public last 2017, it may have posed a threat for the authorities and now they must make some actions in order to regain control and dominance over this growing 'currency'. Just these past few days, many news came out regarding the different country's regulations that have been made.
hero member
Activity: 1638
Merit: 756
Bobby Fischer was right
January 16, 2018, 09:36:02 AM
#9
... to stop them being used to dodge tax or finance terrorism and other crimes"
Yes, right, I'm sure it's all they aiming for.
There is absolutely no way this "war" could be declared because of house of cards like economy.
No chance its all about people getting undependable of banks and their fishy loans, nope thats just crazy  Roll Eyes
Stop those electronic crime bosses and their slave miners! Free all the graphic cards of the nerds suppression...
Viva la revolution... MY ASS
sr. member
Activity: 2590
Merit: 322
SOL.BIOKRIPT.COM
January 16, 2018, 09:34:51 AM
#8
This might be the cause of dropping its value , i also read about the banning of bitcoin ni korea particular in south korea if im not mistaken , the only thing that bothers me is that why they are banning this such thing wherein i cant see any illegal here that can make their economy to fluctuate  .
Well this is not the first time news happenings as regards to banning of bitcoin by some countries like south korea and china has affected the price, negative news of this magnitudes has always resulted into the dumping of the coin by panicked hodlers invariably  resulting into sharp drop in the price, nevertheless those countries has few hodlers compared to the overall populace of the hodlers.
sr. member
Activity: 840
Merit: 252
January 16, 2018, 09:27:35 AM
#7
There is a possibilities that this news will affect the current status of the bitcoin and the other alternative coins out there, if the france country declare a war on the cryptocurrencies for sure in just a matter of time the issue will be okay and trading will go on.
sr. member
Activity: 1078
Merit: 262
January 16, 2018, 09:24:47 AM
#6
This might be the cause of dropping its value , i also read about the banning of bitcoin ni korea particular in south korea if im not mistaken , the only thing that bothers me is that why they are banning this such thing wherein i cant see any illegal here that can make their economy to fluctuate  .
member
Activity: 254
Merit: 18
January 16, 2018, 09:17:34 AM
#5
I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.



At the end of the day this had to happen. Now it is the turn of the community to participate into the debate and use it to make cryptos safer and legal and therefore more valuable. It is our turn to speak, not of those who don´t know bout it.
sr. member
Activity: 423
Merit: 251
January 16, 2018, 09:16:46 AM
#4
this could be the cause of today's trading chart blues almost all the coins down all the price, but I am sure all this is only temporary, after no more news like this again then all will be back mending again
newbie
Activity: 18
Merit: 0
January 16, 2018, 09:06:16 AM
#3
I believe that in some or other form all the countries want to regulate crypto currencies, it definitely will have huge impact on cryptocurrencies prices in short term, but i believe strong crypto currencies will sustain and raise.
legendary
Activity: 1540
Merit: 1016
January 16, 2018, 09:05:06 AM
#2
The news has effect on only French traders. The whales and global traders will not give a shit to this news.

But the old world wants to start a war against crypto money. The banks and politics have been giving speeches about this war since 2 months. 2018 will be the financial war year between crypto world and the real world.
newbie
Activity: 34
Merit: 0
January 16, 2018, 08:54:13 AM
#1
I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.

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