When the government forbids cryptocurrency - page 4.

V-D-S

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Quote from: shoreno on February 13, 2019, 04:41:46 AM

Quote from: iMark on February 12, 2019, 06:48:02 AM

Quote from: pieppiep on February 12, 2019, 06:10:00 AM

Quote from: horrifiedx1 on February 12, 2019, 01:27:52 AM

Quote from: jabrix on February 11, 2019, 01:14:52 AM

Quote from: goaldigger on January 09, 2019, 07:01:04 AM

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.

right, the government must have made a calculation in advance, whether crypto will have a good or bad impact on the country, so the government has a basis for determining policies, if the government prohibits crypto in its country, of course there are many obstacles that must be faced, so that legalized

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?

you are wrong mate . the use of crypto does not result for fiat user to lessen because crypto user's must need a fiat before they can buy a crypto and crypto cant be also used anywhere . crypto is only useful online but fiats can be used on almost anything or everywhere . sky and space is only your limit . this why government should never ban crypto because crypto dont harm any business .

I think your reasons are not fully accurate.
Don't forget lots of people provide goods and services in exchange for crypto.
Of course these are a fraction, but govs still need to protect certain segments of the economy, or brace the economy for that segment's revolution/termination.
With mobile data, a matured user-base (like twitter's or facebook's), and with decent confirmation times, you can use them anywhere.
Governments shouldn't ban cryptos because they can't. It's like trying to ban online porn in a country.
Not legitimately enforceable except by banning the internet. Adapt the system, and grow. Don't just shelter.

yusupjatigumilar

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Activity: 644

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now I think the reason why the government is banning bitcoin is because they want to protect their people from things that might be financially detrimental why the government considers bitcoin dangerous because the government does not know the ins and outs of bitcoin itself so the government prohibits using crypto and bitcoin currencies

V-D-S

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Activity: 65

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Quote from: r32godzilla on June 20, 2018, 09:04:08 AM

If i'm not wrong,may be he is speaking about India.Its the Indian government which said that it would not ban cryptos but then the central bank RBI issued a circular to all the banks not to deal with companies linked with cryptos.Also they have an idea to launch their own digital currency named Lakshmi.

I think he didn't name the country on purpose. Shocked

Cashless sounds like something in a society pretty teeming with corruption, but they really need to focus on some other socio-economic issues in my (limited) view.

shoreno

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Quote from: iMark on February 12, 2019, 06:48:02 AM

Quote from: pieppiep on February 12, 2019, 06:10:00 AM

Quote from: horrifiedx1 on February 12, 2019, 01:27:52 AM

Quote from: jabrix on February 11, 2019, 01:14:52 AM

Quote from: goaldigger on January 09, 2019, 07:01:04 AM

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.

right, the government must have made a calculation in advance, whether crypto will have a good or bad impact on the country, so the government has a basis for determining policies, if the government prohibits crypto in its country, of course there are many obstacles that must be faced, so that legalized

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?

you are wrong mate . the use of crypto does not result for fiat user to lessen because crypto user's must need a fiat before they can buy a crypto and crypto cant be also used anywhere . crypto is only useful online but fiats can be used on almost anything or everywhere . sky and space is only your limit . this why government should never ban crypto because crypto dont harm any business .

Naida_BR

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Activity: 980

Merit: 62

Quote from: voztata on February 12, 2019, 01:52:10 PM

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.

It is like they forbid you of using the internet because the government will say that you are organizing something bad via it. It is unacceptable to obey such a rule. Cryptocurrency doesn't harm society with no way. It is not a weapon. It is something that can provide economic growth to countries all over the world. If anyone forbids it, it is illegal in my opinion.

nebuch

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Activity: 588

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Government forbids cryptocurrency once they detect the corrupt formulation and information if there are malicious system including serious crimes and alliance with terrorist. However, it looks like cryptocurrency is helpful which I also believe although in some cases there are circumstances to be face due to unstable market condition and decentralized concept.

mich

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We really dont know if the GOVs will forbid cryptocurrency.
There are so many GOVs that are ok with crypto that its not safe to assume that GOVs will eventually not be ok with them.
If my GOV was to forbid crypto, I would just use a vpn service to get around their orders.

voztata

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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.

pieppiep

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Quote from: horrifiedx1 on February 12, 2019, 01:27:52 AM

Quote from: jabrix on February 11, 2019, 01:14:52 AM

Quote from: goaldigger on January 09, 2019, 07:01:04 AM

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.

right, the government must have made a calculation in advance, whether crypto will have a good or bad impact on the country, so the government has a basis for determining policies, if the government prohibits crypto in its country, of course there are many obstacles that must be faced, so that legalized

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.

daarul50

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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

With your statement above, I'm sorry to hear that. There are two prejudices against your statement. First, the government in your country really prohibits crypto and thus indicates that they do not support this blockchain technology. Second, perhaps this prohibition is a strategy for them to be able to benefit from crypto investors at other times because it is not impossible for them to issue new regulations regarding the circulation and use of crypto that can make them benefit from a crypto transaction.

Ezenwanyi

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Government banning of Cryptocurrency related businesses is very bad to the adoption of Cryptocurrency generally.
But I am of the opinion government will not be able to totally ban Cryptocurrency in any country in as much as there is internet services in such a country.
I may be wrong though.

Bezobraznike

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Quote from: Dimas99 on January 10, 2019, 11:32:19 AM

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

We can change the country, we can choose to use private, anonymous coins. Not every country is opened for crypto-currencies. Some talks about banning, taxing, and they
are looking for a way to apply that.
My country, until now, doesn`t have opinion about crypto-currencies. There aren`t laws about it. I don`t know is it good or bad thing. I`m waiting to see what will they do in the future.
They will need to have some opinion and they will make some laws.

jabrix

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Quote from: goaldigger on January 09, 2019, 07:01:04 AM

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.

Rooster101

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Activity: 826

Merit: 256

Quote from: cahbagus555 on January 08, 2019, 04:48:01 AM

I dont see government will forbid cryptocurrency market. With this new market, government have a chance collecting more taxes from every crypto trades or from profits we made. I am believe soon or later, government will regulate this market

I alsobelieve that regulation will eventually imposed by majority of the governments in the future. There are only few governments that banned bitcoin and other cryptocurrencies in their respective countries but I believe they will eventuall open up to the new kind of currency that is getting more popular worldwide. Those countries that won't allow cryptocurrencies might stil studying the possible impact of new kind of currency in their national currency and their economy.

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

There is a limit to government enacting a law against crypto in your country, as the internet is an open platform for all,you might just be barred from investing as you wont be able to convert your fiat,As the awarness about cryptocurrency increase, so also we have an increase in the number of scammers and individual that use cryptocurrency platform for illegal deals,Reason why government are against the sector .

Visbay

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Activity: 1236

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Quote from: arifteguhr on January 08, 2019, 05:41:15 AM

Of course every country has their own reasons why they ban bitcoin. like still a lot of fraud or the reason for transaction security. I think today many countries are doing research on bitcoin

Right for sure many county who are not ready to adopt bitcoin they had their own reasons. If you look into the Google searches bitcoin is one of the best coin that people are searching to find it and know the best features that it has. So their are only few more who did not accept till now but several of them are bitcoin users.

iv4n

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Quote from: horrifiedx1 on January 09, 2019, 09:22:27 AM

Quote from: devinks on January 09, 2019, 08:16:03 AM

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

Some governments can try to ban crypto, but I doubt in their success. Crypto is already wide spread, some governments even tried to ban it by making it illegal, but actually it`s all what they can do, people will still use it. I don`t think that banning crypto in any country can affect the price of crypto, in the end news can be good or bad about adoption, all they can achieve is temporary slowing down the progress. Crypto will win in the end, somewhere will be easier and somewhere harder, in the end it will successfully overcame all obstacles.

tonyja2017

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Activity: 532

Merit: 10

In my country as well, they are making very unreasonable bans for Crypto investors. They are going to tax us and they do not protect us in the crypto market. That is a very absurd thing.
What else can I do now? Should I leave the market?

MidKnight

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Activity: 476

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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

That is very unfortunate but all of these bad things that happen in cryptocurrency and all these bans are just temporary. Just take a look AI techs, there are so many movies and documentaries that they will be the cause of our doomed but the world still see its potential because it's how the future is suppose to be and just like crypto, we need it.

natureltiqqy

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it does not specify in which country the member is living, the country in which the crypto coins are banned, but I guess it is highly likely that it is one of the Asian countries. unfortunately, the backward countries generally prefer to stay behind in every case instead of keeping up with innovations in a timely manner. sad situation.

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