France declares war on the cryptocurrencies - page 7.

SirLancelot

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Leading Crypto Sports Betting & Casino Platform

Quote from: Hirameki on January 26, 2018, 04:44:54 AM

As I read the article, I think France has a point on regulating cryptocurrencies but I doubt that this would lead to a total ban because if they want their investors to stop buying cryptocurrencies, they should ban it in the first place and not just regulation.

Yes, it seems like they want to regulate, but whatever plan they are taking, I believe it will only be taking place in France and not worldwide, unless other governments will just decide to follow their lead. But regulate Bitcoin, I don’t really see that as a good idea.

By the way, the bank of France governor said that Bitcoin is not a cryptocurrency, neither is it a currency. I wonder what he meant by that.

johanesrobin

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I do not care about this policy, the impact will not be too big because I live in Asia. If Japan or China do the same thing as french then I know this is a nightmare for me.
I will not think about it, because it makes me dizzy and worried.

loyaeskiron

newbie

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Being a newbie, I don't think the war between one person against cryptocurrencies, maybe it is a person of interest or they want to advertise their name only.

bitsticker

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as long as france is not a big player on the market, such news shall not affect the market. unlike china, korea, usa

Hirameki

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As I read the article, I think France has a point on regulating cryptocurrencies but I doubt that this would lead to a total ban because if they want their investors to stop buying cryptocurrencies, they should ban it in the first place and not just regulation.

kirana08

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this is just a discourse.
it's the same thing that people want to stop the storm.
the national decisions of the francis only affect the francis.
to stop cripto there must be an international agreement.

Sled

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Bitcoin- in bullish time

What is the big deal if they will declare war on the cryptocurrencies because it doesn't matter if they declare war on cryptocurrencies because the only thing that matters here is the demand for bitcoin and it seems that the demand is still high and i don't think that cryptocurrencies will fall just because of the war that has been declared by the France.

sofi@

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I believe France is only against to the illegal issues concerning the use of bitcoin and other cryptos but if time comes that this issue will be resolve I think France as well as other country will start accepting bitcoin in their market. Many issues will really test the strength of crypto currencies but we must continue supporting it and understand that whatever happen bitcoin will remain a currency valued by most people

kevin go

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Last week French finance Minister Bruno Le Maire, calls for new regulations to prevent cryptocurrencies being used to dodge taxes and funding of illegal activities. These new regulations will impose restrictions on speculators and financial manipulators. After Korea France is the second country in this month which is trying to ban/ regulate bitcoin currency. But this ban has not done any large impact on world bitcoin community, its impact remain up to French bitcoin users.

Satry

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Quote from: uchiha_madara on January 23, 2018, 03:55:49 AM

french has said war on Cryptocurrency, I hope my country does not follow in the footsteps of French because I just engaged in the world of cryptocurrency Sad

Maybe someday it can affect to other country because they have an idea that Cryptocurrency can use such crimes, but hope so they would not be able to react such news because I have read that some countries whose permanently ban the cryptocurrency but hope so our country would not be able to react such news. Probably the French not want to expand such crimes so they think that it better to regulate laws to stop using Cryptocurrencies. Any country they can abuse especially who can sit on the top.

European Central Bank

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Quote from: Lampaster on January 24, 2018, 09:19:14 AM

In case if the decision on the fight against bitcoin the price can fall to zero.

this won't happen. look to places like china. they've done all they can to squash bitcoin. people have moved to telegram groups and are trading with each other. if it happens in other countries the same will occur too.

i don't buy the line of an illegal bitcoin being more desirable. that's dumb. it's not a drug and if it's illegal it's less useful, but it still has useful properties.

i expect what they'll do is reaffirm what's already in place - lots of kyc on exchanges and any service that's custodial. look to the new york bitlicence for the endgame for that attitude. it's onerous but doable.

Lupus Solitarius

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Well, not only France, but a lot of countries are studying measure to control bitcoin.
Actually, what a single country does it wont affect too much the price, because investors know that there is no way to stop bitcoin acting locally.
Instead, if a common decision will be taken on global scale,... well, this will be very bad for bitcoin and all cryptocurrencies.

But, knowing how difficult is usually for them to find a global agreement even for trivial things, I this we can sleep peacefully :-)

Lampaster

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Quote from: Chrystora123 on January 24, 2018, 09:15:33 AM

whether this is set up?
whatever the answer, if French who do Ban on Bitcoin it will not affect the decline in the price of Bitcoin, the decline in the price of Bitcoin is currently only saturated time, sooner or later certainly its price will go back up.

I think you are too optimistic. Now in Davos is the world financial forum. There will be a discussion about the cryptocurrency. We don't know what they agree. In case if the decision on the fight against bitcoin the price can fall to zero. We are waiting for news.

Chrystora123

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Omicron is another FUD

whether this is set up?
whatever the answer, if French who do Ban on Bitcoin it will not affect the decline in the price of Bitcoin, the decline in the price of Bitcoin is currently only saturated time, sooner or later certainly its price will go back up.

poor-yorik

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Quote from: kwabeedat on January 22, 2018, 02:02:14 AM

one thing I know is that there is always a threshold to everything. They'll keep on fighting and fighting crypto but they'll be fed up sometime and crypto will be back on its feet. Same was done some few years ago when BTC started. By the way it's good it's a regulation and not a ban(that's more threatening).

They are afraid to ban crypto explicitly so they decided to regulate it to death, tax it to the limit until no one is going to use it. But unless they unite at the world level and above, these regulations will most likely fail. Ultimately, all regulations at whatever level will fail, but it may take time until crypto breaks through and crushes them all.

ucingucingan

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Whether the news is true or only false news is done by unscrupulous people to be able to buy bitcoin, actually similar news already exists and often appears, it aims to lower the price of a commodity and they make large purchases of magnitude when the price weakens.

Skuylaruy

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Quote from: TyfrTR on January 16, 2018, 11:04:47 AM

It's a war-declaration for using cyrpto-currencies for financing terrorism. Not for using cyrptos for trading or investing. And that is completly normal.
There were lots of news like this.

Yes i agree it can be use for financing terorism and other illegal activities .people with different intentions can take
Advantage of the situation.i hope the government can find the way to solve it..!n

vv181

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Quote from: shulio on January 16, 2018, 08:05:06 AM

The news has effect on only French traders. The whales and global traders will not give a shit to this news.

The Bitcoin use in the French is still minority, it will not affect so much about the market price but it will affect the Bitcoin 'ecosystem'.

Quote from: shulio on January 16, 2018, 08:05:06 AM

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.

The central bank has known the threat, and they think out a way to getting it over. I believe nowadays goverment make a strict regulations for cryptocurrencies and even banning them.

Andrej Peiboski

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Apparently, it seems that the war has finally been declared: there are a lot of news about governments trying to forbid the use of cryptocurrency, visa doesn't accept bitcoin, India and other countries declared they will stop bank account suspected of crypto activity.

This sound alarming, but I suspect they are only trying to create panic just to make cheap cryptoshopping and huge profits.

Due to the no-border nature of bitcoin, there is no way in which a country alone could stop anything: only a global agreemen between governments (or the shut down of the internet...) .

So, all these bombastic declarations of the last days seem to me just "Much ado about nothing", as Shakespeare said.

FairWin.Tech

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France has joined the ranks of the enemies of progress.

Topic: France declares war on the cryptocurrencies - page 7. (Read 1137 times)