Topic: When the government forbids cryptocurrency (Read 14615 times)
in my opinion crypto countries will have a major impact on the country's economy. and in my country I have prohibited direct transactions using bitcoin can still make transactions via the bank. and maybe the country is afraid of small bank banks losing their investors
WHEN GOVERNMENT FORBIT CRYPTOCURRENCY? GOVERNMENT HAVE LIMITATION ON FORBITING CRYPTOCURRENCY, BECAUSE THEY CANNOT STOP CRYPTO INVESTORS, AND I KNOW THAT IN FUTURE THEY GOVERNMENT WILL NEED IT
Indeed, sometimes the government does not always side with the community, sometimes the government only thinks of itself and wants to take advantage of itself, so the government prohibits people from joining bitcoin, so they can invest but there are those who compete with them, but many people are smart and they do not care about the prohibition because it has nothing to do with strong law
if we see from the massive treatment that has taken place, they tend to be more formal towards the ICO ban, this is done for financial protection because it cannot be guaranteed by the government. But they did not forbid trafficking in crypto exchanges, especially because they did not have strong evidence of violations of the law, I am not sure they could afford to intend to run it themselves because the budget was not valid enough for that.
Indeed, sometimes the government does not always side with the community, sometimes the government only thinks of itself and wants to take advantage of itself, so the government prohibits people from joining bitcoin, so they can invest but there are those who compete with them, but many people are smart and they do not care about the prohibition because it has nothing to do with strong law
if we see from the massive treatment that has taken place, they tend to be more formal towards the ICO ban, this is done for financial protection because it cannot be guaranteed by the government. But they did not forbid trafficking in crypto exchanges, especially because they did not have strong evidence of violations of the law, I am not sure they could afford to intend to run it themselves because the budget was not valid enough for that. 
Indeed, sometimes the government does not always side with the community, sometimes the government only thinks of itself and wants to take advantage of itself, so the government prohibits people from joining bitcoin, so they can invest but there are those who compete with them, but many people are smart and they do not care about the prohibition because it has nothing to do with strong law
in some countries, the issue of cryptocurrency prohibition is generally unreasonably raised. Someone talks about state security, But these statements are biased. In India, they want to introduce criminal liability for the use of cryptocurrencies, the same situation in Russia. Although Russia has one limitation, under which users of cryptocurrency can own a cryptocurrency, but only purchased abroad.
When the government forbids cryptocurrency
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
You did not mention the country where you are at, but there's big news right now about India jailing anyone in their country holding transacting and trading cryptocurrency will be jail for ten years, and there's no bail, for this offense, wonder how did they come up with this kind of capital punishment, what moves them to create one.
Here tho, they banned cryptocurrency because its illegal and they think this type of currency could be used for illegal crimes and money laundry. But, in next month after ban they decided to make it more lenient. They don't allow cryptocurrency to buy something but they do allow you to trade as long as it's from official exchanges.
When the government forbids the use of cryptocurrencies people will indirectly or directly find a way to engage in it , trust me , government can either regulate and at the same time keep data of what they are doing , if they think about banning it they should remember that it's not that heard to actually use cryptocurrencies.
Let's take an example of India ,
Porn is banned there but still people watch it , at the same time torrent was banned years before , come on we still find sites.
There will always be some loop holes in this and people are intellectual enough to engage in them and apply that for their profit .
Let's take an example of India ,
Porn is banned there but still people watch it , at the same time torrent was banned years before , come on we still find sites.
There will always be some loop holes in this and people are intellectual enough to engage in them and apply that for their profit .
When the government forbids cryptocurrency
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad
You did not mention the name of your country, but in India right now there is news that you could be facing up to ten years in prison just holding, trading and mining cryptocurrency, this is a very abusive law but they cannot stop adoption of cryptocurrency, and they will find themselves one of the few countries that are left in adopting Cryptocurrency.
You did not say what country you are talking about but such country is suppose to look at the positive side to cryptocurrency and the fact that so many countries have started being positive on it.
That’s right, bitcoin has a lot of benefits and it already helped a lot of people as well. I think their government is not well informed what bitcoin or cryptocurrency really is and its uses, I think it’s time for someone to from their country to try to educate them correctly. Quite a lot of countries are starting to adopt cryptocurrency and if your country will still forbid it then you might be left behind.
In my country, it is permissible to use cryptocurrency but cannot be authorized because according to them investing in cryptocurrency is very risky which can harm those who use it.
and as long as I can still use or join cryptocurrency, I will use it well to get income that I think is good and can help improve my finances and economy.
What you mean by as long as? You can use it forever as well because it is decentralized and no one is going to stop you from using it unless you want to stop it or there are no miners to confirm your transactions.and as long as I can still use or join cryptocurrency, I will use it well to get income that I think is good and can help improve my finances and economy.
I don't think that will be possible again as many countries like Canada, peru ,Venezuela government havr adopted bitcoin for oil and gas and some for tax payment. Very soon government of other countries will join
In my country, it is permissible to use cryptocurrency but cannot be authorized because according to them investing in cryptocurrency is very risky which can harm those who use it.
and as long as I can still use or join cryptocurrency, I will use it well to get income that I think is good and can help improve my finances and economy.
What you mean by as long as? You can use it forever as well because it is decentralized and no one is going to stop you from using it unless you want to stop it or there are no miners to confirm your transactions. and as long as I can still use or join cryptocurrency, I will use it well to get income that I think is good and can help improve my finances and economy.
In my country, it is permissible to use cryptocurrency but cannot be authorized because according to them investing in cryptocurrency is very risky which can harm those who use it.
and as long as I can still use or join cryptocurrency, I will use it well to get income that I think is good and can help improve my finances and economy.
and as long as I can still use or join cryptocurrency, I will use it well to get income that I think is good and can help improve my finances and economy.
This will happen only if the cryptocurrency will really threaten those in power, but even in this case, the prohibition of cryptocurrency entails many internal problems.
for those in power, of course, they do not want to be disturbed, so that with all their might they refuse to legalize cryptocurrency, because it will damage the existing economic order. but I don't think this will last long
Governments always fear of the technology that they might get over ruled by the technology. The governments that has got the perfect learning about cryptocurrency and the technology behind has adopted it. Particularly I always think of Estonia which is one among the country that has got almost everything integrated to blockchain technology. Maybe this couldn't get effective results now, but it'll get with a bigger level of technology advancement without flaws and helps in having transparency in each and every activity. This makes people have trust on the government.
This will happen only if the cryptocurrency will really threaten those in power, but even in this case, the prohibition of cryptocurrency entails many internal problems.
When government will overpower cryptocurrency, I don't think they can control people who wanted to earn money for living. Trading crypto will still exist in many ways, and as decentralized type of currency; the freedom of using will still be possible even though there's a possible restriction. There are many ways to do it in the internet, so maybe the rules might be applicable locally but I guess having transactions via virtual network still can be applicable. The worst here, the price of every crypto coins will dumped from higher value towards lowest price, and I believed it will erradicate more financial struggles to virtual currency users.
Indeed, sometimes this government does not side with the people sometimes what they prohibit for the people but that is what they use to enrich themselves, and we are forbidden to invest in the cryptocurenncy world but they invest a considerable amount there and take considerable profits also
Yes, the gov people prohibit cryptocurrencies but hold them. On the other hand, even with these prohibitions, it is possible to deal with crypto. Some crypto fans even leave their countries to trade in crypto-friendly places.
Jump to: