Topic: France declares war on the cryptocurrencies - page 5. (Read 1137 times)
For them bitcoin is a bubble, it can generate big losses to the citizens and for that reason they want to restrict it, but they do not realize that doing that although if the speculation decreases at the same time, losses are generated for some investors ... They must find more effective ways to improve the system.
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Still some countries within the SEPA zone are not willing to agree with France and Germany about these over-the-top regulations: let's see how the G20 summit goes, but UK, Ireland, Cyprus, Malta all share a different vision. There won't be a consensus we can be sure about that. Too much money involved. Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
I believe what the France government is trying to do is find a way of preventing those who use cryptocurrencies as a way to dodge paying their taxes, and also to find a way of stopping those that uses Bitcoin as a way to carry out some criminal activities. So, I don’t believe they are trying to ban Bitcoin, cause they never mentioned anything like banning.
This will make bitcoin much less attractive than before.
I can even picture the following: French residents allowed to buy/sell only from exchange platforms owning a license in France. This is exactly what happened to sports betting companies back in 2010.
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.
"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.
From the first place to be honest is quite frighting because , yes it can affect our market and the investors will have a doubt right know , and lastly india , and china ban the bitcoin now the france. So it's quite shocking though and still having search regarding this thread I will post and reply to this.
Oh my gosh! I just hope bad news will end there. We need to have more good news than bad news so there will be chances that bitcoin price will recover within this month. All I can see in the market is the red marks, and the bad news about bitcoin. When can we see the green marks and the good news in cryptos? I miss seeing that color and reading good news about it just like the good news in Japan. I'm still hoping for it to recover within this month. I know that this is just a test for those believers in cryptos.
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.
"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.
From the first place to be honest is quite frighting because , yes it can affect our market and the investors will have a doubt right know , and lastly india , and china ban the bitcoin now the france. So it's quite shocking though and still having search regarding this thread I will post and reply to this.
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
These both reasons are valid and the thing is that crypto currencies are given people complete freedom over their wealth. They are free to use their money the way they want to use. Bitcoin is not only providing them with the most amazing investment but also profits too. Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
People are crazy the way blockchain technologies work and giving people a true sense of liberty. I don’t think so governments can destroy crypto.
Let's compare if South korean and Japanese decide to ban bitcoin just like Chinese, I think bitcoin will be back into $ 500 again !
So yeah , France ban doesn't affect too much but if France join the army, I'm sure bitcoin value will drastically increase !
So yeah , France ban doesn't affect too much but if France join the army, I'm sure bitcoin value will drastically increase !
Lets hope that it will happen. I fully support the ban of bitcoin if it goes below $500 the better at least this way we can have more and I think the governments are not going to find the community hurtful to countries economy. $8K is already good but $500 is awesome, I bet banks can easily collect more than 16M BTC by then.
Let's compare if South korean and Japanese decide to ban bitcoin just like Chinese, I think bitcoin will be back into $ 500 again !
So yeah , France ban doesn't affect too much but if France join the army, I'm sure bitcoin value will drastically increase !
So yeah , France ban doesn't affect too much but if France join the army, I'm sure bitcoin value will drastically increase !
Yes, it has an impact. They want to tax everyone, and they want accountability on transactions, to make sure that it will not be part of illegal activities or crimes, but that's not how bitcoin was created. It will be a trend since tax is very important to all governments.
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Still some countries within the SEPA zone are not willing to agree with France and Germany about these over-the-top regulations: let's see how the G20 summit goes, but UK, Ireland, Cyprus, Malta all share a different vision. There won't be a consensus we can be sure about that. Too much money involved. Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
I believe what the France government is trying to do is find a way of preventing those who use cryptocurrencies as a way to dodge paying their taxes, and also to find a way of stopping those that uses Bitcoin as a way to carry out some criminal activities. So, I don’t believe they are trying to ban Bitcoin, cause they never mentioned anything like banning.
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
You are right, and these are not the only items on your list, why some countries react that way. But we must deal with our business and believe in the future of the crypto currency, because there are countries that on the contrary support and introduce new technologies related to crypto-currencies.
Like Japan. Regulations are good but banning and considering it illegal will only make the market go wilder. Destroying its market is never going to work because it if will, it would have been destroyed back when BTC wasn't yet known. No central institution can declare its value to be zero there its not going to work even if they all ban it.
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Still some countries within the SEPA zone are not willing to agree with France and Germany about these over-the-top regulations: let's see how the G20 summit goes, but UK, Ireland, Cyprus, Malta all share a different vision. There won't be a consensus we can be sure about that. Too much money involved. Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
You are right, and these are not the only items on your list, why some countries react that way. But we must deal with our business and believe in the future of the crypto currency, because there are countries that on the contrary support and introduce new technologies related to crypto-currencies.
Well, it seems that not only France, but any government, institution, media, corporation, declared war on the cryptocurrencies.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
Two explanations:
1) they are scared and try to destroy cryptomarket
2) the want to profit, so they manipulate the market to make price fall to buy cheap.
We'll see.
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. Well, it seems that banks and governments start to realize how dangerous bitcoin is for their power.
As someone stated, bitcoin will do for banks what e-mail did for post offices: it make them useless.
So, we can expect a strong reaction at every level, as we can already see.
But at the end, they can't stop bitcoin, they can only slow down its development.
As someone stated, bitcoin will do for banks what e-mail did for post offices: it make them useless.
So, we can expect a strong reaction at every level, as we can already see.
But at the end, they can't stop bitcoin, they can only slow down its development.
I agree, the power is reacting
https://www.financemagnates.com/cryptocurrency/news/indian-banks-suspending-accounts-multiple-bitcoin-exchanges/
https://www.financemagnates.com/cryptocurrency/news/clock-ticking-cryptos-china-central-bank-spells-latest-crackdown/
but I'm not so sure bitcoin will win.
If the news is true, it will be very dangerous. Because other countries would also follow mngikuti french if indeed cryptocurrency considered dangerous.
There were lot of bombastic declarations in the last weeks, but the true is that they are scared to lose the control and start to react histerically.
There is nothing they can really do to stop bitcoin progress.
Much more, the surprise is how well it resists under a so violent attack.
Think about a company demonized in this way by media and institutions....
There is nothing they can really do to stop bitcoin progress.
Much more, the surprise is how well it resists under a so violent attack.
Think about a company demonized in this way by media and institutions....
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.
This is one of the statement that caught my attention"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.
"A director at Germany’s central bank said any attempt to regulate cryptocurrencies such as Bitcoin must be on a global scale as national or regional rules would be hard to enforce on a virtual, borderless community."
The real enemies of cryptocurrencies are the one managing the banks. They wanted to destroy the crypto world for it affects their businesses and they are losing too much investors. This statement, in my opinion, shows how desperate they are to say that it should be globally regulated. Well, good luck to them.
Now that bitcoin start to achieve popularity and public acceptance, banks and governments start to realize its revolutionary potential.
So, we can expect all kind of measures against bitcoin, but at the end there is nothing they really can do.
So, we can expect all kind of measures against bitcoin, but at the end there is nothing they really can do.
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.
"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.
France has beedn critical on their defense against terrorism since they have been attacked by terrorist in the past years. Though with that strict approach on cryptocurrency in their country, atleast they are not banning it. So for me, it has no effect on the downside of cryptocurrency afterall. Maybe new investors would think twice before they invest, but those who already in cryptocurrency will not panic sell their coins.
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