When the government forbids cryptocurrency - page 6.

KorakPawon

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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'm sorry to hear that, but most countries are doing similar things. They are afraid of getting nothing when cryptocurrency works well for people. Especially corrupt government, they are greedy and always looking for a big number for their own wallet. So, it is obvious why they change their decision toward cryptocurrency.

YOSHIE

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Not all countries do the same thing against the prohibition of cryptocurrency, when viewed from the current developments in the media or forums, there are countries where crypto is actually used as a guideline for the government cryptocurrency is a government and a country that develops and is useful for the people in all things.

jcarlo

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Quote from: xuan87 on December 21, 2018, 06:30:40 PM

Not all governments like crypto currency, crypto currency decentralization and anonymity is a big challenge for the government who wants a full supervision to all of it's citizen,so it's not a strange things to see the government really tighten the security and regulations about crypto,it's sad to see this thing, crypto could help a lot of people economically

I am agree, many country and cental banks prohibit and ban bitcoin in used for payment. But i am believe decentralized system can not make government ban cryptocurrency because people can make trade with others instantly. Its peer to peer transaction and i think government can not handle this

xuan87

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Activity: 1666

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Not all governments like crypto currency, crypto currency decentralization and anonymity is a big challenge for the government who wants a full supervision to all of it's citizen,so it's not a strange things to see the government really tighten the security and regulations about crypto,it's sad to see this thing, crypto could help a lot of people economically

ngano ba

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Activity: 280

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The government does really do not like bitcoin and cryptocurrency at all but if the cryptocurrency and bitcoin are accepted and adopted as part of the economy of a certain government , they to regulate the cryptocurrency activities , like transactions , currency transfer, payments and other cryptocurrency related transactions that the government should have to regulate for the welfare of every citizens in the country all over the world.

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

In most countries globally government have bias view about cryptocurrency, giving several reason for not accepting it, I feel government should be allowed to regulate the space in order to increase crypto acceptance and ultimately it's value.

pedangrusak

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Activity: 462

Merit: 11

behind the government that actually wants to keep taking advantage of its people, it can be dirty politicians or central banks that don't want their banking business to be destroyed by crypto. crypto offers freedom of investment and is logically profitable and this keeps them from reducing crypto. no matter how strong the government forbids there will be a way for the public to access and invest in crypto

Janation

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Activity: 1722

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Quote from: SnapDown22 on December 14, 2018, 10:56:15 AM

Quote from: gantez on June 20, 2018, 05:27:31 AM

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.

I'm disappointed when modern times are not used bitcoin or crypto I reject like this I support bitcoin in the world and all of the world

If we will be talking about the future, there are a lot of other cryptocurrencies that we should support.

In the future, it is sure that there will be a lot of good cryptocurrencies will be created. These cryptocurrencies functions will be more focused on the way the path of cryptocurrencies go in the future. But when the governments continues to ban it, I don't think we should be thinking that there would be even a cryptos in the future. It might just be a history being told by an investor.

Escf4

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GIGZI - INDEPENDENT WEALTH MANAGEMENT

When the government forbids the crypto currency in running in the state, this is because the bitcoin or cryptos are not yet regulated by the government , the state wants to supervise and look into the activities happenning in the market and around the places where cryptos have to be used or transacted by people.

hahay

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Leading Crypto Sports Betting & Casino Platform

Quote from: chipzeru on December 21, 2018, 02:50:46 AM

In my opinion, the government that against crypto sees it as a threat to the other type of commodities. With the hype that crypto got last year, the government afraid that a lot of people will start investing in crypto and stop investing in any other commodities like stock, property, land and etc that lead to decreased their value, resulting sluggish economy as the money circulation is not at the place that can be monitored by government or world bank. cmiiw.

No, the government only considers bitcoin to be a type of investment that is highly risky because the crypto market movement is out of control and can be surprising with the fall of the market in just one night or just a few hours. So it seems that the government is only afraid that its citizens who invest in bitcoin will lose without proper legal action. So with that concern the government banned crypto and that is what I know about the government in my country, but so far the use of crypto and crypto transactions is still going well without any continuous prohibition from the government.

Mr.grin

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Quote from: sulendra12 on December 14, 2018, 11:07:59 AM

Quote from: basty03 on December 14, 2018, 10:39:47 AM

We can blame the government why they banned bitcoin to some country because they know how risky is crypto or bitcoin. So I think government wants to protect the people from frauders .

But, you can't blame the government tho. They want to protect their citizen with everything they can do such as banning cryptocoin, also it could prevent the inflation because Cryptocurrencies could change the economy on certain countries.

you're right, sometimes the government has their own reasons why they banned bitcoin, or cryptocurrency. however, this certainly will create a lot of unemployment, because I think there have been many people involved in this

chipzeru

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In my opinion, the government that against crypto sees it as a threat to the other type of commodities. With the hype that crypto got last year, the government afraid that a lot of people will start investing in crypto and stop investing in any other commodities like stock, property, land and etc that lead to decreased their value, resulting sluggish economy as the money circulation is not at the place that can be monitored by government or world bank. cmiiw.

aeternus

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Activity: 686

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Quote from: harapan on December 14, 2018, 01:47:48 PM

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

Where do you come from? what are the reasons for this? It's a pity, even though indirectly crypto can help provide income for you and also crypto fans in your country, I hope that this policy will not be applied in my country, and hopefully your government will soon realize that what they are doing is wrong.

It does not matter where he is from it is likely that similar policies will be implemented in many other countries as governments realize the real threat of cryptocurrencies, which is that people will begin to prefer these new currencies over theirs to keep their savings which means that they will lose control of the wealth of the people and that is something they do not want.

harapan

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Activity: 1736

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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

Where do you come from? what are the reasons for this? It's a pity, even though indirectly crypto can help provide income for you and also crypto fans in your country, I hope that this policy will not be applied in my country, and hopefully your government will soon realize that what they are doing is wrong.

sulendra12

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Quote from: basty03 on December 14, 2018, 10:39:47 AM

We can blame the government why they banned bitcoin to some country because they know how risky is crypto or bitcoin. So I think government wants to protect the people from frauders .

But, you can't blame the government tho. They want to protect their citizen with everything they can do such as banning cryptocoin, also it could prevent the inflation because Cryptocurrencies could change the economy on certain countries.

otong

sr. member

Activity: 798

Merit: 251

Quote from: trickshot22 on June 20, 2018, 09:12:47 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

Just leave the country, why would you even want to live somewhere where the people are so irrational? Or I guess you can always use a vpn to hide your internet traffic.

it is not very entry into bitcoin and the crypto world is the biggest thing for the world why it is not developed or used in other countries and advice is that we should encourage crypto and bitcoin throughout the world

SnapDown22

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Quote from: gantez on June 20, 2018, 05:27:31 AM

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.

I'm disappointed when modern times are not used bitcoin or crypto I reject like this I support bitcoin in the world and all of the world

basty03

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Activity: 304

Merit: 10

0x1b2d294ab6ca449e34F946B86540cd342cF49100

We can blame the government why they banned bitcoin to some country because they know how risky is crypto or bitcoin. So I think government wants to protect the people from frauders .

mattukarsamb

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Activity: 20

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Quote from: JohnBitCo on December 12, 2018, 11:08:43 AM

Quote from: ATMD on November 30, 2018, 09:07:02 PM

Yeah, people should be allowed to buy and sell crypto freely, it is a matter of personal freedom.

Personal freedom does not mean that one should violate the government rules and regulations. If the government has forbidden digital currencies in your country then we should abide the rules. However we can convince the governments by raising our voice and telling the authorities the benefit of crypto currency.

I think that government knows better what should be done and what not. The reason behind banning crypto is mainly due to the low developed status and the financial threat crypto can possibly pose to the already struggling economy.

Burogh

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COVIR.IO

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

Its happen in many country. Government wont lose control on money supply and they afraid people will prefer choosing cryptocurrency for transaction rather than fiat money. Most government reason ban bitcoin because afraid used for illegal activity but i think thats not a real reason because fiat money most used for illegal activity

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