When the government forbids cryptocurrency - page 19.

hajimasan

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Quote from: asdnguyenthanhtin on June 20, 2018, 04:54:42 AM

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 actual the same thing happening in mine country also , where I found that government was not clear at that time in the past , But now here in mine country also the government have banned the transaction through the banking sector which are using exchange direct account .
But still here options are available for us to make P2P transaction where we can make deals in every payment option .
May be they can ban bitcoin or another cryptourrency but here I am sure that they will not ban it completely , may be they will make rules like that will give lots of force over the work that we will do in the cryptocurrency market , but still we will be able to do trading like things and that types of the rules will force us to quote from this field .
Hope happen something better , otherwise I will need to wonder here and there to get a job .

Kim Domingo

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Quote from: asdnguyenthanhtin on June 20, 2018, 04:54:42 AM

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

Maybe that thing will come into reality once the government sees that there is a big negative impact on the society for using Bitcoin and other types of existing cryptocurrency into the human behavior and thinking of the people beyond using crypto. But as for now that small and few issues are just sprouting in the society, it is still easy to be controlled by the government but once this small issues turns out into a larger problem, this will be the time that the government will take an initiation to forbid cryptocurrency usage just to stop the negative effects brought by cryptocurrency usage.

Direwolve735

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Governments of countries resort to banning cryptocurrency when they are not in a position to control them. Bitcoin and other virtual currencies are especially worrisome to the authorities, because such payments are extremely difficult to track - transactions are negotiated between buyers and sellers who may not even know each other's names. The anonymity of the bitcoin system makes it a convenient tool for money laundering and the financing of criminal activities. To avoid this, it is easier for the authorities to forbid crypto-currencies.

Ewox

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Well they do have a say especially the government to forbid or ban Bitcoin and other ceyptocurrencies but they cant ban you from using it. You just have to be mindful and find another way to make a transaction when you withdraw from an exchange to converting it to your own countries currency.

spongegar

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I think there's no other way to it but to actually move out of that country or sell your shares. But then again, you will have to consider when crypto currency becomes the only only currency in the world your country will have to allow ot again. But it would take some time to be so. My advise is, figure out how you will still have crypto currency transactions.

jaocoincrypto18

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Quote from: cindygirl on June 20, 2018, 06:04:59 AM

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.

It is not that easy that they shall insist to join Bitcoin investment even if their country will declare ban on Bitcoin investment. During the ban there is no local exchanges that will exist so how will they convert their Bitcoin to fiat? and also internet provider will be urge to block all crypto currencies site and exchanges so how can they do transactions? and most of all if they will be caught then of course they will go to jail. Except if they will leave their country then their Bitcoin affiliation will going to continue.

el kaka22

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Quote from: Nick Abimanyu on June 22, 2018, 06:45:07 PM

With this inconsistent decision, I assume that they have a plan to make their own crypto coins, which will surely be firmly supported by their peers (government). Unfortunately, you did not mention your country name.

Probably, and would want to make sure they instill it on the citizens. How wonder how a country that is solely about its own interest develop when all the government cares about is how to just keep stashing and looting in every possible means and would likely not want to even give the citizens any possible power even though they still get to benefit from it.

Would have been better if OP stated such a country, but I do not see how this should affect anybody who is smart enough. A single country should not limit anyone from being a part of the decentralized space, and the worst I will rather do is migrate out of the shit hole.

coinplus

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Quote from: asdnguyenthanhtin on June 20, 2018, 04:54:42 AM

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

What a pity for a country that is solely trying to go against evolution rather than embracing it and this is simply the reason why some countries eventually out of their own greed or fear of change, end up lagging behind at the end. It would have been interesting if you had mention the country you are referring to, but in this case, I guess this is going to be a huge one on the citizens.

Regarding the control of internet however, I really do not see how this is going to come to play unless they want to totally scrap or limit it totally which to me sounds more like an autocratic government kind of thing.

Nahl

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many countries have reason to forbid the use of cryptocurrencies because they want to protect their people from scam ICO or similar of it but in my opinion besides this thing they should be considering other factors that cryptocurrencies can provide opportunities to get money which mean this is will slightly solved unemployment on the particular countries but very unfortunate the countries seems does not considering this factor and they only look cryptocurrencies from bad side

f12345

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Its the whole point of decentralized system. It is not under control of any govt or entity therefore cannot be banned. However, they can ban bank accounts you use to buy crypto on exchnages but OTC is still fair game.

Jedzkie050617

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Quote from: Ranly123 on June 26, 2018, 09:08:20 AM

Quote from: asdnguyenthanhtin on June 20, 2018, 04:54:42 AM

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

Maybe your government is trying to monopolize the flow of money in your country. It would be hard to guess whether they are making their own crypto or not but one thing I am sure of, they don't want their citizens to profit from an unregulated way.

Exactly they are trying to centralized everything and that's include currency and they want to have one currency present in your country. It very hard if they banned blockchain market wherein we have our different currency. Hopefully everything will be fine soon.

t2yax

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I think, government wants to forbid bitcoin due to its economic effect. We see how investors invest to cryptocurrency. We shall not be commited to any government law, we need to seek to not to make the government control crpyptocurrency. There will be pros and cons, government can make a law for which they can make corruption over cryptocurrency.

d0flaming0

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they have their own specific reason why they forbid using crypto, while maybe i don't know if they have their own reason whether personal or not, or is it true that they are taking advantage and that is what we don't really know actually. sooner or later they will impose their official announcement or rules to what will it be, depends on what they have decided too.

rainezerr401

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Quote from: asdnguyenthanhtin on June 20, 2018, 04:54:42 AM

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

Cryptocurrency will be only banned if it will be affecting different companies in a negative way but aside from that bitcoins will not be banned as long as investors are following the regulations of their own country.

andieoke

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The government forbids Cryptocurrency, certainly has a reason for it. If the government does not give strong rules, or does not impose criminal sanctions on people in Cryptocurrency, then you can continue playing here. but if there are strong rules, and criminal sanctions, it seems like you have to stop them from being arrested and put in jail.

turagsoy123456

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Quote from: asdnguyenthanhtin on June 20, 2018, 04:54:42 AM

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 think when the government forbids cryptocurrency it can affect the growth of cryptocurrency especially the price value. But this information is very isolated because a lot of country's are allowed to accept cryptocurrencies as legal tender in their country's.

ivrynx

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From what I see, it is because governments today are already controlled by giant corporations in one way or another, in which they also get from the pool of thwie central banks, since they are paying large amount of taxes, they want tontake part of it, that's why we see politicians being endorsed by businessmen, theu aee the rwal ones that are pulling the strings, and since they cannot get control of bitciin they just forbid it, they are afraid their business will go down, since it is not a matter of political will, its just business and governments are also businesses.

syaripudin

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I think the government only thinks about taxation that can not be done on bitcoin so they do a ban on bitcoin. actually if it can be put aside to focus on the economic growth of the community I think bitcoin will be able to overcome the economic problems in a country.

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Quote from: asdnguyenthanhtin on June 20, 2018, 04:54:42 AM

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

Bitcoin is good, the problem we have is that scammers are starting to adopt the use of Bitcoin and other cryptocurrencies in carrying out their bad activities.

So that’s the reason why some countries are not allowing it. Despite that, there are still countries where it is allowed to be used, just like where I’m living. Though noy much people recognizes Bitcoin in my country, but it is still allowed.

vivavivu

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Quote from: asdnguyenthanhtin on June 20, 2018, 04:54:42 AM

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

When they want.. This is no reason!

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