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Topic: Unban Bitcoin in pakistan - page 3. (Read 397 times)

sr. member
Activity: 1274
Merit: 293
May 06, 2021, 03:14:05 AM
#5
I hope that this sources that you are talking about OP are some valide sources because I want to be sure that it will not become just a baseless rumor. I don't know how it affects the market but maybe it will increase the activity in it since there will be more people using cryptocurrency or it won't have any effect because even if there was a ban, the people are still finding ways to use it.
member
Activity: 68
Merit: 10
May 06, 2021, 03:13:51 AM
#4
Hard to say, the obvious answer would be any unban would benefit Bitcoin, but I'm not convinced. Previously, when Bitcoin has been banned by countries it had no real effect on Bitcoin being used in those countries. That's because its usually banned in countries which like to control their citizens, and therefore people rebel against the decision either, as they see Bitcoin as a way of freedom, at least financially.
Agreed!
When bitcoin was banned there was no negative effect on it. How we can expect a positive effect of unban. However young generation will get the benefit of this act from the government.
member
Activity: 68
Merit: 10
May 06, 2021, 03:11:21 AM
#3

It will likely have short term effects, but nothing long term.
Perhaps!
staff
Activity: 3304
Merit: 4115
May 06, 2021, 02:55:24 AM
#2
Hard to say, the obvious answer would be any unban would benefit Bitcoin, but I'm not convinced. Previously, when Bitcoin has been banned by countries it had no real effect on Bitcoin being used in those countries. That's because its usually banned in countries which like to control their citizens, and therefore people rebel against the decision either, as they see Bitcoin as a way of freedom, at least financially.

It will likely have short term effects, but nothing long term.
member
Activity: 68
Merit: 10
May 06, 2021, 02:50:36 AM
#1
Bitcoin and other cryptocurrencies were banned in Pakistan, Now according to some sources, the Pakistani government is going to unban crypto including BTC.
What's your analysis? How BTC market will affect by this? is this charming news for crypto lovers from Pakistan?
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