France declares war on the cryptocurrencies - page 8.

Crypto Vitriol

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Quote from: Brunus on January 23, 2018, 04:50:25 AM

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.

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.

Brunus

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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.

uchiha_madara

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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

justspare

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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).

Uhm… I’m really getting confused and afraid in a way. Why are they fighting against cryptocurrencies? Every year, I hear story of a new government kicking against Bitcoin , now it’s France, and China is also trying to stop all Bitcoin miners and mining activities in their country. I hope this doesn’t turn out pretty bad.

kwabeedat

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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).

armansolis593

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Quote from: marlonBitCoin on January 16, 2018, 07:54:13 AM

-snip-
Is this having any impact on the downtrend nature of the whole Crypto Currency market today?

We all know that bitcoin is being used for bad deeds long ago, silkroad was one of the few site that deal with terrorist and drug addict and gun smugglers. I dont think that it made an impact since it only regulates and not totally ban the crypto currency.

Quote from: marlonBitCoin on January 16, 2018, 07:54:13 AM

Are some investors having second thought about crypto and selling them?

If they are really scared of the news they will have second thought about crypto and might sell their coins, but they will also think that they might miss the chance of getting profit in the future if they would sell their coins today.

frowsiter

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I'm not sure if they have declared the war against the whole crypto community but whatever I understand is they just want to be safe in their own country. It's obvious that they want to regulate the country in proper manner and don't want to get disturbed with any outsider intruder (Here : Crypto).

However, I don't think that this news and the current downfall has got any relation really. The news is just into he air and they have not done anything practically yet. So must not get panicked about it either. In the long run such news will keep coming and however crypto is not going to stop at all. It's better that we focus on how to improve Crypto so that in the future we don't see any trouble from many countries which could be worrying thing later on.

newwest

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Quote from: Captain_Planet on January 21, 2018, 06:01:35 PM

Slowly and slowly whole world is becoming against crypto land, I am still hopeful governments will make room for the crypto world.

Overall scenario if we consider things are not moving right for the cypto lovers. More and more countries are now getting stricter either by imposing strict laws or directly by imposing the ban on cypto currencies in the country. Will need to wait and see how does other countries react to this decision and will this impact in their decision regarding framing the laws in their country.

junoreactor

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Quote from: fat buddah on January 21, 2018, 11:45:55 PM

Those are fake news, it has been already clarified and they are exactly the same as what happened on Korea, and China, they didn't do anything, but a lot of people started to say that everything was over.. and it was just a huge fud.

Quote from: stevano on January 16, 2018, 08:16:46 AM

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

No fake news, this is real. They will be pushing in April during the summit in Buenos Aires. Real question is: what do you want to do exactly? Because for sure no one is talking about a ban, but simply more regulations and more control.

Enjorlas

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French government always as stupid when it comes to technology, they did the same with the Internet...

fat buddah

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Those are fake news, it has been already clarified and they are exactly the same as what happened on Korea, and China, they didn't do anything, but a lot of people started to say that everything was over.. and it was just a huge fud.

Quote from: stevano on January 16, 2018, 08:16:46 AM

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

whirlcoin

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Quote from: marlonBitCoin on January 16, 2018, 07:54:13 AM

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.

I think they are just regulating the cryotocurrency usage on their country so it is best for the future of their country because regulation can stop the usage of cryotocurrency from the Illegal people and criminals.And these kind of strategy will be implemented by all the governments sooner or later.So it have benefit for the government too so they are not against cryotocurrency they just want some benefit from the cryotocurrency users.

junoreactor

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Not surprising, but my opinion is that all these governments are afraid because bitcoin is more anonymous, one would say "so-called anonymous" because we know it is not really anonymous, but still they want to control and make sure to know all users are doing their thing with their real name. So all exchange platforms would need to share the details of their customers. It is impossible to do, but this what governments want now.
And as for France, they use the anti-terrorism excuse to find a way to tax all benefits made with Bitcoin and other digital money. France has reached a point where they desperately need the money to finance their massive public expenses. Their debt is huge and I am not sure chasing Bitcoin holders will help

Captain_Planet

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Slowly and slowly whole world is becoming against crypto land, I am still hopeful governments will make room for the crypto world.

Cloverfield

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I must say, these are interesting and exciting times. More and more countries talking about regulations, scaring of the majority of new investors to pinch in into the space. It looks to me they're intentionally holding people back to jump into the revolution, which in my opinion is inevitable. Banks want to prevent this movement of new money, because it will eventually affect the banks. At first it wasn't that big of a deal, but the market has grown exponentially last months/years and now it is getting scary for them. Where there is money there are regulations. So it is of no surprise that governments want to regulate it at some point. Taxes are directly/indirectly being evaded and they probably think they are missing out. So they want to get an insight of everybody's portfolio sooner or later. If this will actually happen, who knows. In my looks of it, it is unstoppable and the blockchain technology will prevale. Who will be the winners, losers, when or how no one can really tell. But stopping cryptocurrencies as a whole will only be possible if you disconnect the internet.... Roll Eyes

sister1001

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Quote from: darewaller on January 18, 2018, 05:11:10 AM

Quote from: Tonygold1967 on January 17, 2018, 09:42:56 AM

that news just advertises the beautiful tax-evasion possibilities cryptos provide, good for market

Uhm… it’s good, but I’ve always been afraid of things like this happening. I have always felt like the government would declare war on cryptocurrencies if they realized that there is no way for them to charge tax on the users of cryptocurrencies, unless they will be charging tax for those that withdraws.

I don´t consider it a true war on cryptos, is more like a war on tax evasion, which anyway does not really affect the rich dudes that can pay for a full fledged legal net for protection.

darewaller

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Quote from: Tonygold1967 on January 17, 2018, 09:42:56 AM

that news just advertises the beautiful tax-evasion possibilities cryptos provide, good for market

Uhm… it’s good, but I’ve always been afraid of things like this happening. I have always felt like the government would declare war on cryptocurrencies if they realized that there is no way for them to charge tax on the users of cryptocurrencies, unless they will be charging tax for those that withdraws.

Betwrong

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I stand with Ukraine.

Quote from: AmazingDynamo on January 18, 2018, 04:07:06 AM

Quote from: Assface16678 on January 18, 2018, 03:39:57 AM

I think this would not affect the international community as it is only on france with approximately 2% to 8% of the current circulation. High profiled investors won't give a damn on this and will invests more because of deflation. Feels sorry for the french traders and investors for having this event on their country but don't lose hope as government will just add regulations on it and everything will be fair and alright.

i think it will affect a lot on todays market , when france declares war on cryptocurrency the market of every coin turns into red , im not european but i am hoping that someday they accept bitcoin as part of their economy and sees the good thing in this form of currencies .

No war was declared by France. Read the thread. It's journalists and their obsession with catchy titles. In fact, the French finance minister, Bruno Le Maire, called for new regulations on crypto currencies to stop them being used for tax avoiding, finance terrorism and other crimes. That's it. In the future French people will be using Bitcoin as they were using it before and no one is going to forbid them to do so.

AmazingDynamo

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Quote from: Assface16678 on January 18, 2018, 03:39:57 AM

I think this would not affect the international community as it is only on france with approximately 2% to 8% of the current circulation. High profiled investors won't give a damn on this and will invests more because of deflation. Feels sorry for the french traders and investors for having this event on their country but don't lose hope as government will just add regulations on it and everything will be fair and alright.

i think it will affect a lot on todays market , when france declares war on cryptocurrency the market of every coin turns into red , im not european but i am hoping that someday they accept bitcoin as part of their economy and sees the good thing in this form of currencies .

Assface16678

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I think this would not affect the international community as it is only on france with approximately 2% to 8% of the current circulation. High profiled investors won't give a damn on this and will invests more because of deflation. Feels sorry for the french traders and investors for having this event on their country but don't lose hope as government will just add regulations on it and everything will be fair and alright.

Topic: France declares war on the cryptocurrencies - page 8. (Read 1119 times)