Topic: When the government forbids cryptocurrency - page 2. (Read 14615 times)
I think cryptocurrency will not be easily lost even though the government prohibits cryptocurrency, crypto is a technology and in the future it will be bigger.
If the government bans cryptocurrency then we can not do anything about it. I`m happy that in my country, cryptocurrency is not forbidden and many people are benefiting from cryptocurrency. Crypto currency helps a lot of people in my country, specially that we belong to the third world country.
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
Some governments forbid cryptocurrecy as they don't study and look its fundamental on how it give peoples accommodation in a way to earn appropriably. It actually develope promisingly with huge potential that been resemble by many. And I think it is about adoptation to conquer its development be recognize its viable fundamentals.
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
Some governments forbid cryptocurrecy as they don't study and look its fundamental on how it give peoples accommodation in a way to earn appropriably. It actually develope promisingly with huge potential that been resemble by many. And I think it is about adoptation to conquer its development be recognize its viable fundamentals.
It is so sad that the government of some countries are trying so hard to make cryptocurrency unusable in their country. Government generally like to have control over the affairs of the people they govern. Their action should be more the eason why more people should embrace the digital currency market. The government sees the cryptocurrency market as a force to reckon with. In the end, the people will have the final say.
absolutely right, in many countries many governments refuse because they are afraid of being used for crime It should be noted that the government is very reluctant to legalize cryptocurrency. This process is too slow and difficult. It realizes that it is unable to really control it. In these cases, under the pressure of citizens, it still does it, although it tries to limit their circulation.
It is forbidden to circulate cryptocurrency where governments have signs of authoritarianism and where the rights of citizens are ignored.
The concern of the government is when one day it will buble. because cryptocurrency itself also has a high enough risk in terms of investment aspects. different from stocks or gold. the supply of bitcoin cannot be added. and if the price increase continues to decline one day buble is something that will be fearedIt is forbidden to circulate cryptocurrency where governments have signs of authoritarianism and where the rights of citizens are ignored.
1. The source of money circulating in financial markets will be narrowed because people invest heavily in the crypto market.
2. The crypto market can make people become greedy and new people are often easy to lose money due to fomo effects => that country's money will be lost due to people's losses.
3. When the bitcoin bubble breaks again, a large portion of the population will be greatly affected and the government still cannot control this.
I think these are the three main reasons why governments do not want their country to be free to trade crypto.
It should be noted that the government is very reluctant to legalize cryptocurrency. This process is too slow and difficult. It realizes that it is unable to really control it. In these cases, under the pressure of citizens, it still does it, although it tries to limit their circulation.
It is forbidden to circulate cryptocurrency where governments have signs of authoritarianism and where the rights of citizens are ignored.
The concern of the government is when one day it will buble. because cryptocurrency itself also has a high enough risk in terms of investment aspects. different from stocks or gold. the supply of bitcoin cannot be added. and if the price increase continues to decline one day buble is something that will be feared It is forbidden to circulate cryptocurrency where governments have signs of authoritarianism and where the rights of citizens are ignored.
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
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.
maybe it's the hope of all investors who want all countries and governments to legalize crypto currency as the prevailing currency but until now the government in my country still prohibits transactions directly using crypto currencies to conduct transactions directly and that means that in my country the government has not directly legalize the crypto currency as the virtual money that applies
Well is bad when governments forbid crypto, and maybe some people will try to search a way to use it, but i wish that governments don't forbid crypto and only put regulations where is need.
Cryptocurrency is useful in so many ways that the government needs to ban it one by one. Its sad that they limit their people freedom on choosing their own investment and they blocked your opportunity to earn more. After bitcoin's launch to the world, im sure your country will change their mind and go back to using crypto again.
Of course the government prohibits the use of cryptocurrency in his country after going through research and studies on cryptocurrency, whether it has a beneficial or adverse effect.Besides that, cryptocurrency makes the citizens easier or difficult to use, because it requires technology that not all residents can use it.
Of course the internet network as the most vital means also needs to be known to be used maximally.
in some countries it still prohibits the use of all types of cryptocurrency, the government is very serious about banning cryptocurrency and in my opinion the government prohibits the use of cryptocurrency maybe because of the influence of some local institutions that feel disadvantaged by cryptocurrency.
of course they feel aggrieved because the existence of cryptocurrency is bringing down local currency users, because it is turning to crypto, there is no mutualism advantage, so the government do that?
then the use of fiat will certainly be much reduced. I think we all know about that
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
It can affect the cryptocurrency community if some governments will forbids cryptocurrency. The users will become afraid to use cryptocurrency if it is illegal in their country. They will face many consequences if these governments find outs that they are using cryptocurrencies. 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
If the government of your country forbids you from making use of Bitcoin or anything cryptocurrency, then you should respect the law and not try to do things that are not allowed there.
There are lots of places where the use of cryptocurrency is not allowed because their government believes that cryptocurrency will bring harm to the countries economy or such. It’s left for them to decide, whether they believe it’s bad or good, it’s up to them.
I also follow the government regulations in my country of origin, I have never used bitcoin or other crypto currencies here. because our country still prohibits it. I can only save the crypto currency that I have to exchange it for FIAT currency for me to use in this country. There are lots of places where the use of cryptocurrency is not allowed because their government believes that cryptocurrency will bring harm to the countries economy or such. It’s left for them to decide, whether they believe it’s bad or good, it’s up to them.
Cryptocurrency is useful in so many ways that the government needs to ban it one by one. Its sad that they limit their people freedom on choosing their own investment and they blocked your opportunity to earn more. After bitcoin's launch to the world, im sure your country will change their mind and go back to using crypto again.
Of course the government prohibits the use of cryptocurrency in his country after going through research and studies on cryptocurrency, whether it has a beneficial or adverse effect.Besides that, cryptocurrency makes the citizens easier or difficult to use, because it requires technology that not all residents can use it.
Of course the internet network as the most vital means also needs to be known to be used maximally.
because it is turning to crypto, there is no mutualism advantage, so the government do that?
Not all country banned bitcoin, there are only few of it, but even then there is still some country who are in the verge of either accepting or not, because to them it may affect their economic and industrial system but in the other side if they accept it will help boost their country to success.
Cryptocurrency is useful in so many ways that the government needs to ban it one by one. Its sad that they limit their people freedom on choosing their own investment and they blocked your opportunity to earn more. After bitcoin's launch to the world, im sure your country will change their mind and go back to using crypto again.
Of course the government prohibits the use of cryptocurrency in his country after going through research and studies on cryptocurrency, whether it has a beneficial or adverse effect.Besides that, cryptocurrency makes the citizens easier or difficult to use, because it requires technology that not all residents can use it.
Of course the internet network as the most vital means also needs to be known to be used maximally.
when the government prohibits crypto currencies we cannot do anything, the government has the authority with all forms of regulations, many countries will give severe sanctions to people who invest in crypto currencies, we can only hope that the government will legalize the crypto currency
if I think that if the government prohibits cryptocurrency it will be an obstacle to crypto development and will be an influence for crypto experiencing an increase in the price of every coin in it
of course that will happen, because the presence of the government will increase investor confidence, with government licensing, meaning there is a legal basis for regulating cryptocurrency. but I think it's only a matter of time, because the development of the times must be followed later, so that the wheels of the economy can spin 
if I think that if the government prohibits cryptocurrency it will be an obstacle to crypto development and will be an influence for crypto experiencing an increase in the price of every coin in it
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