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Topic: When the government forbids cryptocurrency - page 16. (Read 14615 times)

full member
Activity: 504
Merit: 101
With the ban from the government may have a negative impact on the life of someone who has long been in the world of cryptocurrency because they must immediately Find another job to earn an income at any time.
sr. member
Activity: 481
Merit: 251
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


I am constantly hearing about all the countries who allow are cryptocurrencies and less often I hear about countries who forbit it, so I think of most of the world government would allow crypto currencies.
member
Activity: 644
Merit: 10
COVIR.IO
In several country, cryptocurrency prohibited if used for payment in any merchant but allowing crypto trading. I am believe in near future government will regulate cryptocurrency because government must be want to collect tax from crypto trading. Transaction in crypto growing bigger every day and government must be see this opportunity
newbie
Activity: 26
Merit: 0
Maybe the only reason why they banned cryptos in your country is because of the scam report from May ICOs which is the government is just protecting the community.
hero member
Activity: 1092
Merit: 523
Drugs are always forbidden, but the cartel always find ways to keep it running my friend. If your government starts to forbid bitcoins, then you must think like a gangster... there are lots of ways to cash in/out. You just have to be creative.
Sound good, Government just human being, same like us. The government has a brain and we also have the same, do what you need do not depend on someone else. Cryptocurrency is not prohibited by all countries, you can still have reason to use, in contrast to drugs that almost all prohibit it, right.
This is why I hate the government for. The technology being a potential one and offering so many advantages is banned. This does not make any sense. Despite banning all the illegal and taking strict actions against corruption and other immoral activities, they have banned the crypto currency which can improve the economic efficiency of a country. But let’s hope for the time when everyone around the world will be able to use it to make their lives easy.
Those countries where the Bitcoin is not allowed for some reason will realize to recognize it in future days because we are noticing the success of countries which have recognized it and using it with great achievements and countries which are opposing it are observing it too. We will soon see them recognizing the Bitcoin and other cryptocurrencies in future which will benefit the countries and their people.
sr. member
Activity: 420
Merit: 252
unfourtunately some countries can lose many opportunities when they are issuing with a thing that they can`t control and don`t have a knowledge. I hope the government will see their mistake and act accordingly.
newbie
Activity: 140
Merit: 0
It'll bad on bitcoin if countries starts banning it but if a countryh bans crypto, it risks being left behind in the evolution of money
full member
Activity: 540
Merit: 100
BountyMarketCap
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



A lot of people in our country would be in trouble because some crypto users here have it as a primary source of income. A lot of people might lose their provider. However, I think that it is still too impossible for our country to control crypto where in fact, they are starting to adopt it.
newbie
Activity: 140
Merit: 0
The ban on electronic money has a big impact on the market of bitcoin or altcoin when there are restrictions that will stop the transaction like the Chinese trading platform to operate in the. neighboring country
sr. member
Activity: 742
Merit: 250
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

I am sorry for this. Maybe your country has positive opinion for cryptocurrency or they do not want the risks associated with cryptocurrency happening in their country such as fraudulent ICO projects or ponzi models scam the investors. My country also has some policies related to this, but they only banned the use of cryptocurrency as a means of payment, people can still use them to trade. Hopefully, your government will have a more positive view
sr. member
Activity: 560
Merit: 250
I feel the government will never be able to prohibit the circulation of bitcoin because I see bitcoin has very good potential and bitcoin also has a goal to create the only money that can not be controlled by the government.
newbie
Activity: 236
Merit: 0
whatever happens you should not give up and must keep the spirit, for now you should stop first in playing Cryptocurrency. wait for the right time to start again, there will definitely be a way.
hero member
Activity: 1414
Merit: 505
Backed.Finance
They can ban cryptocurrencies involvement with the real world but they cannot stop your use of it. There is no way they can control your use of it for transactions etc. It sucks they're doing this but there's also a limitation on how much they can do.

Why did they ban some cryptocurrencies?
We really don't know the reason why..

Cryptocurrency has a big role to our economy. Alots of people engage to this so that they can have money. I can't sometimes understand the principle of government.

There are many reasons why a government ban or prohibit cryptocurrency. Mostly they are afraid they cant control it, and may possibly  drive out money from their country. Also, it is used for fraud and with not enough regulation, many will lose their hard earn money. But still, cryptocurrency popularity and uses is unstoppable.
newbie
Activity: 140
Merit: 0
I think it does not matter if a country forbids crypto maybe it will only be temporary because anything can change instantly crypto is a technology so pemerinta will be very difficult to stop a technology.and in my country there is no prohibition on the ownership of crypto..
member
Activity: 812
Merit: 11
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


I am believe in the future most country in the world will allowing cryptocurrency trade. Crypto is the future and i am believe government realize that. Right now many country forbid cryptocurrency because government dont understand it and still finding a right model for cryptomarket
full member
Activity: 378
Merit: 100
ADAB ADAB ADAB ADAB
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 own opinion, the government will only forbid cryptocurrency if they are losing a huge amount of their funds due to the growth of bitcoins which people are preferring to invest on cryptocurrency more than placing their money on banks because bitcoins are not taxable.
sr. member
Activity: 331
Merit: 250
Personal Text: Blockchain with a Purpose
If our government forbids cryptocurrency we will not do anything about it. In my country our government not actually forbid crypto but they said that it is our risk to invest in crypto because of some scams have been happened. My country also consider what is the positive side of crypto so that they will not ban it.
full member
Activity: 434
Merit: 100
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


Governments and their bans is issue of entire web and globe itself. This resembles most intriguing issue in the nation and there is no genuine answer with respect to why government does such moves. Some says they are endeavoring to shield the crypto financial specialists from the extortion plots, some says it comes down to the monetary unevenness if crypto congests in the time, and rest of them says its all in regards to the criminal exercises that seeds out of the secrecy of the cryptographic money. There are numerous purposes for this, either every one of them genuine or some of them genuine yet its at long last in their grasp and thinking on the most proficient method to ensure the country.
sr. member
Activity: 481
Merit: 251
Governments and their bans is problem of whole internet and globe itself. This is like most hot topic in the country and there is no real answer as to why government does such moves. Some says they are trying to protect the crypto investors from the fraud schemes, some says it comes down to the economic imbalance if crypto overgrows in the time, and rest of them says its all about the criminal activities that seeds out of the anonymity of the crypto currency. You see, there are multiple reasons behind this, either all of them true or some of them true but its finally in their hands and thinking on how to protect the nation.

You're right that the reasons are different. But I same protection of the Nation is question first of all to the people. They must decide what politics must to do. Only after that they can do something.
newbie
Activity: 210
Merit: 0
Fortunately in my country the government has not banned e-money we can freely trade them without having to pay any income tax. And we are not forced by any request from the government.
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