Topic: What happen if US ban cryptocurrencies? - page 3. (Read 3885 times)
Sighs, though the US are the foundation for the success of cryptocurrency in the world as of now, if it was a ban, it will greatly impact the general crypto world at large; Nevertheless, theere is always a way out, Indian just approve cryptocurrency in their country, this can serve as a buffer to the effect if it was so. And many other more.
The US banning cryptocurrency outrightly is technically not possible because no one actually needs the consent of any government to own or use cryptocurrencies, what is a possibility however, is the increased regulation of the cryptocurrency market and how consumers are exposed to the industry. For this i believe a democratoic government like the US will have to pass the law through congress and other official channels which will have people on both sides wanting different things. At the end i dont see any seriously crippling regullations from the US government since a lot of big US companies are also already adopting cryptocurrencies
I'm not sure if the US prohibits cryptocurrencies in their country, because there is so many influential people have involved with a crypto, but if it is done then it can certainly has an impact on the countrythe 's economy, and of a course it will also impact the growth of the crypto market, because most investors are big come from the USA.
The United States is very unlikely to put a blanket ban on cryptocurrency. But that is not because "influential" people are involved in cryptocurrency, but because it is legally not possible to ban such an asset in the US. And also, it is practically impossible to ban the possession of an encrypted asset, that exist only in the digital form. Even if a ban is imposed, there is no way to make sure that the coins are not in the possession of any of the US citizens. Cryptocurrency consist of a few lines of code. It is impossible to establish a linkage with an individual, unless there is conversion to fiat currency somewhere. And even in this case, it is difficult to establish the link.
I'm not sure if the US prohibits cryptocurrencies in their country, because there is so many influential people have involved with a crypto, but if it is done then it can certainly has an impact on the countrythe 's economy, and of a course it will also impact the growth of the crypto market, because most investors are big come from the USA.
Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.
All possibilities can happen in the crypto world, nothing is impossible here, but so far I have not seen any special ban from the USA, for the development of the cryptocurrency world or its prohibition.
But if this happens, the impact that cryptocurrency will experience is quite large, considering that is where the largest currency exchange process in the world, both digital money and paper money, and many conditions that occur there affect the crypto world today.
We don't want to see that happening, so let us not think it will happen. However, it's okay to prepare for the worst scenario but this should not end crypto as it's decentralized and people are using it. When China ban bitcoin, it affected the market in just a short period of time, but the market has recovered and has taken already to where we are now.
I don't think the cryptocurrency will band in the USA but the USA would like to keep the cryptocurrency market tied to a strict rule.
That's not a guarantee, anything can happen in ti's market but I think if their government choose to let go of Cryptocurrency, it will definitely affect the whole crypto market just like the way China mining ban did some months ago.
Though even if they choose to ban crypto, they wouldn't do that instantly, they will allow their users to be given time in other to withdraw their token and also, Coinbase exchange will also like to be ended except they choose to live the US.
Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.
We can't further say that there's no possibility to happen but let's consider it as potential one to exist since USA was in power right now. They can do all things according to plans, but if ever that banning could cause sudden collapse maybe taking another diversion can be our best options.
Price global crashes would ultimately out every digital asset to suffering, so much better to get your money back rather than risking everything with any assurance.
But I am sure Us never ban crypto but if Us banned crypto so is this a bad news for a crypto then we see a bad impact on crypto may b market going to down because every country have own importance in crytpo so if any country banned crytpo it's bad impact on market
The bad impact will also last temporarily as long as other countries still accept cryptocurrencies very well, unless all countries in the world do not accept cryptocurrencies at all.
To be honest, the United States' position toward encryption has a significant impact on Bitcoin's future. It might even be claimed that it dictates Bitcoin's future. Although there is considerable displeasure with Bitcoin in the United States, many capital consortia employ cryptocurrencies or cryptocurrency, and the United States will not outlaw it. I believe the United States is one of the most important supporters.
is very unlikely but not impossible, the USA is not the center of the world, that would continue to run the same, would be sorry for the enthusiasts, users, investors of this country but it would not influence the rest of the world at all
The American economy has an impact on all world economies. If America bans crypto, then US follower other countries will also ban crypto. This will have a negative impact on cryptocurrency. Since USA and China are always on two poles and China has banned crypto, I believe USA will not ban crypto.
To answer your question in one word, I think the US can never ban Crypto. Looking at this carefully you will know that majority of the top billionaires in the US are also into this Crypto. And I don't know if you have heard that it's the big hugs that controls the US economy. They will never allow such thing to happen, knowing that it is going to affect their investments too. Should it happens, that means will are talking about a whole market that close to $1 trillion dollars. And any government will think twice before they will ever make such a decision that could have a negative effects on the economy.
But I am sure Us never ban crypto but if Us banned crypto so is this a bad news for a crypto then we see a bad impact on crypto may b market going to down because every country have own importance in crytpo so if any country banned crytpo it's bad impact on market
If the US bans cryptocurrencies, it is certain that a sharp drop will happen to the market because investors from the US have a loyal and professional attitude in investing with crypto. With the current situation of policies from both government and businesses, a Crypto ban event will not be possible as many US companies are holding crypto and Coinbase is the first crypto company to have a successful IPO.
It will give chance whaler to buy more crypto in cheap rate. These all news just for making fears in market and big sellers want to buy at dip.
In general I’ve found that when everyone is saying crypto is dead, that’s when you should be buying and when everyone is say to the moon that’s when you should be taking some profits.
In general I’ve found that when everyone is saying crypto is dead, that’s when you should be buying and when everyone is say to the moon that’s when you should be taking some profits.
I do also think if US ban cryptocurrency, it will give a huge impact to the market which could make market crash, but I don't think US will ban crypto, because they are one of the futuristic country. In case if they ban then it is obvious that price will fall in short term like recently China bans. But crypto is giving freedom to the every person in the country. El Salvador is the best example.
The impact of the ban will only last for a while in the market, because over time everyone in the US and China will also look for loopholes to get into cryptocurrency again because investors and traders who are already very experienced in cryptocurrencies will not want to forget the crypto space that is growing has given them a lot of advantages, so the market can recover when all investors re-enter the crypto space.
I do also think if US ban cryptocurrency, it will give a huge impact to the market which could make market crash, but I don't think US will ban crypto, because they are one of the futuristic country. In case if they ban then it is obvious that price will fall in short term like recently China bans. But crypto is giving freedom to the every person in the country. El Salvador is the best example.
The US can't outright ban bitcoin or cryptocurrency; it can only make changes to existing laws. They will not travel to a dead end because the United States has the most bitcoin ATMs. The CEO of Coinbase has stated that the change in crypto tax legislation is irrelevant. Lol, Coincidentally or not, bitcoin has regained strength since I read this news.
Can’t think about what will happened but the impact must be so bigger then imagination. That's because world's top billionaires are from america and most of them are directly or indirectly somehow connected with crypto. If they are enforcing to convert their money with fiat and dump the market, then we might be see another 2018 again. But that won’t happen cause anyone can use crypto even it get banned. Still here so many user using crypto-currencies when crypto already banned in their country.
Do you guys think one day USA may ban cryptocurrencies? If yes what would happen? I think it's not totally impossible and that would be a global crash on prices.
Just today I listened to a lecture on macroeconomics and the lecturer said that the USA can't ban crypto as it is the future of their state debt. Euro-dollar system is in decline, China makes Bitcoin reserve currency. It is difficult to understand if you are not good at economics, moreover, I haven’t completely understood it yet, but the thing is that the USA is unlikely to ban crypro, so calm down.
There is also no call by any serious politician in the U.S. and the Western world in general for a Bitcoin ban. Even the central banks do not do that. What they almost all call for, however, is regulation of Bitcoin and cryptocurrencies. That will happen sooner or later in most countries around the world. But there won't be a ban, at least not in the free part of the world. It may already happen in China or other dictatorships, even if it is difficult to implement. But even in China, only commercial mining was recently banned, private ownership of Bitcoin is still allowed.
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