if cryptocurrency withdraw accounts freeze by government

marks1976

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Quote from: Omnia Vanitas on February 20, 2018, 05:02:06 PM

They cannot freeze anything. Even if they try make "illegal" to change crypto in fiat money, there will be a lot of "unofficial" ways to solve the problem.
The web is too big to be controlled, and smart people will do what they want.
Only the average guy will be blocked.

LOL the governments have fully controlled the bank and that was an important part from the centralized exchange site to receive wire transaction and to send any amount to the user's account.
If you can't understand about what it is and then you should try to take a look for some banks are halting any account that related to the cryptocurrency transaction. it may give you a lot of lesson.

bakulgarem

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BIB Exchange

I think if it happens there is still another alternative way.

KryptoKai

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They wouldn't be able to do it unless the country has some type of authoritarian rule. Most exchanges that we use are not even in the country that we live in. Is binance in your homeland? It would be difficult for governments to police unless they have a huge cyber-crimes unit

novocaine

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I think is a really bad idea this to freeze crypto account by government decisions, we really would to fight if in a future an government will want to freeze accounts.

Actually almost all countriess in the world the government cant do freeze crypto accounts if you have your key, you ave your money, just keep it safe

Omnia Vanitas

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They cannot freeze anything. Even if they try make "illegal" to change crypto in fiat money, there will be a lot of "unofficial" ways to solve the problem.
The web is too big to be controlled, and smart people will do what they want.
Only the average guy will be blocked.

alex_kir

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Activity: 490

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Well, what to do, I think in that case, we will find another way to exchange their crypto-currencies for fiat money, yet no one banned normal exchange, is not it? I think that this is exactly the way we will act

Cryptomagnus

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Governments make big claim with the intent to scare population, but they don't have really any interest to block cryptocurrency.
They only want to control and to tax them. And I'm worried they will find a way :-(

Ai7xpressTV

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I think this is a thing that will not happen... Why should they do that and why should they get the permission to do that? I mean they dont have the right to do that so dont worry about these things! Cheesy

Brunus

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Rasputin Party Mansion

In theory you are right, governments can really stop cryptocurrencies, in the same way they can't stop crimes or illegal trades.
But if the use of cryptocurrencies become too dangerous, its use will be very limited just to illegal trades, and it will lose most of its value.

Quote from: Leocrypto da Vinci on February 15, 2018, 12:05:59 PM

There is no way for a government to freeze a crypto account, but - or course, - it can make illegal to exchange it in fiat money.
But even in this case you can make a lot of things with your cryptocurrency (you can go in another country, for example, or to exchange them personally)
We'll see.

Leocrypto da Vinci

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OMNITY Knowledge, connected

There is no way for a government to freeze a crypto account, but - or course, - it can make illegal to exchange it in fiat money.
But even in this case you can make a lot of things with your cryptocurrency (you can go in another country, for example, or to exchange them personally)
We'll see.

atomicgroup

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If Governments of any country, wants to freeze any Account at all, it shall be the Account into which they have the control . All I know is that Cryptocurrency is decentralized. Withdraw Accounts can never be freezed, so far the owner has the private key and its control to himself. However therefore, no any option worthwhile thinking about for now, not until a kind of regulation which of course remain much doubtful surmounted Cryptocurrency.

boss82_big

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So I also heard about such a situation from, for example, I just do not withdraw funds directly on the card and sell it ETH from hand to hand, that is he is me fiat and I send him ETH oh so we and stupid state

unusualfacts30

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Quote from: udayantha11 on February 09, 2018, 12:01:37 AM

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

me or no one else have heard of any such thing. Can you post a link of what you're reading so people can see for themselves. As far as I know it would be shooting yourself in the foot if government decided to ban exchanges that way. Either way, it's important to keep your alts spread out to make sure you're cover when those kind of things happen with or without government intervention.

not altcoin hitler

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Amazix

Quote from: udayantha11 on February 09, 2018, 12:01:37 AM

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

Maybe you have seen governments (Banks mostly) blocking the accounts of trading sites dealing with the fiat currency. Which is obvious because crypto is not a small play now it's a billion dollar marketcap industry now. So banks are afraid of this now as cryptos are started to take away the control from them gradually.

Mumbeeptind1963

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Sovryn - Brings DeFi to Bitcoin

Quote from: jorenpo on February 09, 2018, 11:07:00 AM

Quote from: udayantha11 on February 09, 2018, 12:01:37 AM

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

why the goverment freeze crypto accounts? goverment can closed exchange or banned ICO because of sec. but they can't freeze ones account though. well if your goverment do that then withdraw all earnings and say goodbye to cryptoworld.

For the meantime I guess the government hasn't any control in it, so they can't freeze crypto accounts. Maybe they could only have done this action if they were implemented a cryptocurrency as a legal matters in their government this time we can say that they have a control to the cryptocurrency.

Manc89

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Quote from: zenhu on February 09, 2018, 12:07:35 AM

Are you sure about that ? i never heard about it and never had that problem. Even if there prolem like that, you still can sell it to another person and ask that person to send the money to your bank account.

This is the first time also i heard about this problem. By the way, how can government do it? I am doubt.
I am so easy to handle this because my government not freeze. I sell my asset in local exchanger, and send local fiat to local bank.

trash321

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Let's hope that this can not happen, so probably all the same it is worth keeping your deposit decentralized, that is, keep on different wallets and different services. I think this will increase your chances.

cryptotitan

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Quote from: udayantha11 on February 09, 2018, 12:01:37 AM

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

Get someone from other countries or the best thing to do is to have someone who can have your bitcoins liquidated in other countries,best choice would be the people in venezuela where cryptocurrencies are legally accepted nationwide.There are some governments that are not strict with the cryptocurrencies you just need to search it,or you can get some vacation to these countries and there you can liquidate your money.

Cnut237

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Quote from: udayantha11 on February 09, 2018, 12:01:37 AM

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

I have seen some banks stopping people from buying crypto, but not withdrawing crypto to fiat.
If they are doing that and it is across a whole country, so there are no banks that let you withdraw, then it is certainly difficult - other ways to convert to fiat are risky. I think there are going to be some crypto projects soon that let you convert to fiat, so probably best to wait.

rowel21

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Don't spread a humor like this government has no power to do that except totally banned of crypto in our country you have your access for your wallet are you saying that the goverment will hacked all those wallet crypto is not just like a physical bank it can't freeze by the government it self

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