Topic: What happen if US ban cryptocurrencies? - page 5. (Read 3795 times)

Using cryptocurrency does not need to be said to other people because in cryptocurrency it is not required to tell everyone that we use cryptocurrency, but just carry out the tasks and jobs that we have mastered well and get as much profit as possible, that's all in my opinion.

That's the point and I concur with you. As there are so many banks involved already and the lobby for crypto is growing even in Congress, it is hardly imaginable that the US could ever consider an outright ban. Though there are still other instruments they could use to slow down the adoption of cryptocurrencies.

Do you see any reasons for the US to ban crypto? Personally I don’t think that it is possible. More and more US banks begin offering crypto services. For example, Goldman Sachs, Morgan Stanley etc. And one of the most authoritative bank, Bank of America, has even formed a cryptocurrency research team in an attempt to profit on the growing interest in the digital asset market and has approved Bitcoin Futures Trading recently.

Exactly. A single country won't have any impact over the crypto/Blockchain industry's growth in the mainstream world. Governments need to unanimously agree on banning crypto worldwide. But we all know this is impossible, since countries don't have things in common. It would've been much easier to ban crypto within its early days. But now that it's too late to do something against it as it's grown too big to fail. Governments will be forced to join the game or be left behind in the dust. The introduction of a CBDC tells us that governments are already giving up to crypto/Blockchain tech.

I don't think the US will ever ban crypto, since they'll lose an opportunity to collect massive taxes. What the American government will do is regulate the industry even further, in order to prevent as much criminal activity as possible. Privacy coins like Monero and Grin are mostly likely to be banned in the future, because they're "untaxable". Only cryptocurrencies with transparent blockchain ledgers (like Bitcoin, Ethereum, and some other altcoins) will survive in the long run. Time will tell us how governments will react to crypto/Blockchain tech as it continues to make strides in the mainstream world. Let's hope crypto becomes accepted by most countries worldwide, in order to ensure its prosperous growth for years on end. Just my thoughts

maybe they will not banned cryptocurrency , but they could issue policy that bring negative impact to market. simple example , discussion about stable bring down cryptocurrency price in few days ago. US actually have biggest power for crypto market not China, in this country there are alot giant company that have bitcoin in their sheet. Just imagine if SEC ask them to report and take an action to limited assets in cryptocurrency. We are not talking about ban yeet, but the effect will be biggest ever.

Even if they ban it, I am sure that there will be craftsmen who can get around it and will still trade, sell, buy bitcoin at their own risk, because the cryptocurrency has long ceased to be some kind of inaccessible kind, almost everyone has heard about it at least once, and many do not say that they use cryptocurrency.

the crypto market will definitely be disrupted if we properly ban crypto.  but maybe other countries will take advantage of this moment to be able to raise crypto, because what we know is that the crypto market is very potential.  besides the US, many big countries are trying to apply crypto in their country.  so maybe the crypto disruption won't last long

I don't think that US will ban cryptocurrencies but let say if that would happen one day then for sure the crypto market will definitely crash and I think the stock market will go up because crypto investors will hop in the stock market in my opinion.

I don't think that it really can happen, I know that we have already seen such a situation in China, but it is completely another thing, because of different political structures. The Chinese government wants to control all aspects of people lifes, but crypto is unregulated so they can’t let it develop. Authorities can't accept such a strong economic rival, so they restrict everything that is connected with crypto. But if it happened in the US, the market would definitely suffer a lot. And I even don’t know if we would be able to return to previous levels then.

You wrong US is the most danger country with cryptocurrency after China, the US government always try to make bad reputation from bitcoin and they won't have competitor for USDT, they will try how to make many people afraid to invest and use cryptocurrency as payment or investment.

I think the impact will be much greater than what China did some time ago.
we can look in the mirror when China banned Bitcoin from circulating and mining that was banned in China decreased quite drastically and now when talking about the USA to ban Bitcoin I think the impact will be much bigger because basically the big companies that hold crypto are under the auspices or is within the scope of the USA. and it could be that when this is prohibited it will have a tremendous impact on trading companies, including the world economy may also be threatened because basically there are several countries that are big countries of course that store money in Bitcoin. and when this is prohibited it will certainly be a very extraordinary turmoil

yes, it will only hurt the US if they really ban crypto, starting from taxes earned through people who have crypto income there and there will be protests from many parties involved in crypto.

It seems like the US will not ban crypto because we know that many big influential figures and have millions of followers are involved in the crypto world, if the US bans crypto it will only create a big conflict and will only harm the US.

the biggest crypto market is in the US, and I don't think they're going to do any regulations that will harm themselves. not by giving wisdom to crypto they will benefit. with so many people who have crypto then if crypto develops then the people will also prosper, even though there is no legalization yet. I think they will protect the welfare of their people

True, the US also does not want to damage its own reputation by making such strict rules against cryptocurrencies because in fact they also want a lot of business and profits through some tangible aspects.

Hopefully the US will not banned cryptocurrency, because if it happens the impact will be very large. Because we know that there are many large
investors from the US and there are also most Bitcoin ATMs in the US.  This means that the crypto trading volume in the US is very high, because
there are so many US residents who invest in crypto. It will make the market fall very deep if the US decides to ban crypto, but I believe
the US government will not ban crypto. Although the US government cannot control crypto, but the US government knows crypto has a positive
impact on the US economy.

more importantly, the US will not be able to control the market of crypto. different from the USD whose circulation and market are controlled by the world bank. while crypto, all will return to the market. they are the ones who determine how crypto assets are going to be right then and there.
but I believe the US is not that bad at making regulations. I'm sure there will be something positive to take and use from crypto and blockchain.

US is the most country want against cryptocurrency because they afraid with cryptocurrency become competitor for USD, how ever almost country still use USD right now and cryptocurrency present to be efficient currency payment. Using cryptocurrency around the world can make transaction more easy and faster than USD, how ever when cryptocurrency become legal currency not any bigger fee fund take by costumer when making transaction.

USA will not ban crypto-currency. But They can only do this if they gets a large number of major economic losses in cryptocurrency. And  if once the US bans cryptocurrencies, it will have a big impact on the crypto market

The USA will not do that. although sometimes their policies are considered bad for the crypto market. they will not ban crypto completely. but if that happens, then how severe the impact?. I imagine it will be very bad. maybe twice as bad as the china ban. because the crypto trading volume in the country is one of the largest. so it would be very impactful if it suddenly disappeared. there will be very severe crashes. maybe the crypto market will collapse and it will take a very long time to recover.