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Topic: When the government forbids cryptocurrency - page 7. (Read 14615 times)

full member
Activity: 560
Merit: 101
December 13, 2018, 08:31:15 AM
Some Governments are prohibiting or against crypto currencies because of the proliferation of scammers. Also i guess banks are powerful and doing everything to block the rise of cryptocurrencies.
full member
Activity: 532
Merit: 100
December 13, 2018, 08:20:12 AM
We need new government and have new hope for make bitcoin or altcoin legal transaction, we have pass with old government and never want to allow bitcoin as transaction payment, we need change our government and hope could make bitcoin is legal.
legendary
Activity: 2716
Merit: 1017
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December 13, 2018, 08:18:46 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

The government will forbids cryptocurrency if its use is not considered good. If misused people will certainly complain to the government asking for help or something. Sure to prevent such things continue to happen the government will prohibit its use in that country.
sr. member
Activity: 1162
Merit: 251
December 13, 2018, 07:57:09 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.

Yeah supoose to however not all the government in a countrt have an open minded perspective in the innovations of our world. They are unsure and in doubt to try something new. When the governments forbid the cryptocurrency I think that will be the time whereas we can say that bitcoin and other coins totally die for a reason that no one will support it now because it was forbid.
Yeah they don't see the positive influence that will be generated when they officially legalize it, look at United States government that has open minded so that they accept technological developments such as crypto, it gives a good influence on their country's economy you know
full member
Activity: 405
Merit: 105
December 13, 2018, 06:59:03 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.

Yeah supoose to however not all the government in a countrt have an open minded perspective in the innovations of our world. They are unsure and in doubt to try something new. When the governments forbid the cryptocurrency I think that will be the time whereas we can say that bitcoin and other coins totally die for a reason that no one will support it now because it was forbid.
copper member
Activity: 336
Merit: 1
December 13, 2018, 02:48:23 AM
Government's forbidding of cryptocurrency will ?ake for redundant business strategies which will stunt the progress rather the socioeconomic development of otherwise of such a country.
member
Activity: 378
Merit: 10
December 13, 2018, 01:29:12 AM
When the government forbids cryptocurrency, for me it will result into slow movement of innovation and technology to one country because there are so many good project development created in cryptocurrency.
hero member
Activity: 1470
Merit: 555
dont be greedy
December 13, 2018, 01:16:38 AM
therefore, the government must also want to make a drama on cryptocurrency
everyone starts to be interested in cryptocurrency because it is very profitable and not regulated, so it is easy to escape from problems that are experienced
the government does not want to miss the opportunity to earn money, because everyone in the world definitely wants wealth, so they have a very strong portion to control the cryptocurrency market
sr. member
Activity: 686
Merit: 250
December 12, 2018, 10:22:04 PM
The government prohibits cryptocurrency when there is no understanding on its part why this asset is needed at the moment.
No they forbid cryptocurrencies because they understand very well what it is at stake, bitcoin is the first challenger that has appeared in hundreds of years to the monopoly that governments have when it comes to printing currency, maybe you do not know this but casinos had troubles with governments because their chips were considered a form of money, if governments had problems with something that small you can be sure they hate something like bitcoin.
sr. member
Activity: 2030
Merit: 356
December 12, 2018, 11:08:43 AM
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.
newbie
Activity: 81
Merit: 0
December 12, 2018, 10:09:50 AM
when the government forbids crypto currencies what we can do, the government forbids of course there are strong reasons of course the reason they say about everything that results is negative, maybe someday the government will also see the positive side of what is produced from crypto currencies
The government prohibits cryptocurrency for very reasonable reasons, namely anonymity so that it is vulnerable to being used by criminals and is very fluctuating so that users experience heavy losses. But the government forgets one thing that cryptocurrency is digital currency technology, which in the future must be used so that it cannot be rejected. So it is better to find rules that can reduce the negative impact on users, from which to ban the obvious will not solve the problem.
newbie
Activity: 72
Merit: 0
December 03, 2018, 01:35:44 AM
My government has no task to prohibit cryptocurrency. The state is trying in every way to take control of the cryptocurrency and take the tax.
It's good to know, there are countries who prohibits ICo and crypto way too hard. The thing is how  capable the country to manage a decentralized system. It's ok to put restricctions but not to the point of banning it.
Many governments who do not know about the nature of cryptocurrencies try to control them and some have banned it but they do not know that it is unable to control and no matter how much they will ban it the people of their country can easily use these currencies as they are decentralized.
newbie
Activity: 81
Merit: 0
December 02, 2018, 11:12:33 PM
When the government forbids the crypto currency in the country,  then the holders of coins in that country are not comfortable to use bitcoin especially to establishment and other industries because aside from investments of bitcoin this currency is used for payments and any transactions that involve currency.
In my country, cryptocurrency is prohibited from being used as a payment instrument but is not prohibited as an investment. So still being able to use cryptocurrency is just not convenient, and is not free to use bitcoin. Because of these conditions, the number of bitcoin users in my country has decreased. Frankly I am jealous of bitcoin users living in developed countries, because they can innovate with bitcoin and become successful.
sr. member
Activity: 951
Merit: 250
December 02, 2018, 04:30:48 PM
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.

Yeah! they cannot control the cryptocurrencies to sorround in the world because it is very useful. In every transaction it would be useful. The government cannot banned because it is functionaly well. In bitcoin it is positive and their are advantages that brings everywhere to go.
sr. member
Activity: 938
Merit: 250
December 02, 2018, 01:38:54 PM
indeed it would be very sad if the government banned all matters relating to cryptocurrency. will be a very big question for investors and crypto hunters, "why did the government do that?" maybe the government is not wise in comparing the positive and negative cryptocurrency. whereas with cryptocurrency someone can find income to meet their needs. and so much work can be done in cryptocurrency. just keep being patient, maybe someday, they will surely realize because they have banned cryptocurrency.
full member
Activity: 1890
Merit: 101
December 02, 2018, 12:36:54 PM
The government forbids cryptocurrencies since many ICO scam reports have hurt many people, and fake investments are taking advantage Blockchain technology and cryptocurrencies to fool investors. if the government wants to think openly and continue to study Blockchain technology, I am very confident that cryptocurrencies will be the solution to economic difficulties...
member
Activity: 805
Merit: 26
December 02, 2018, 09:38:43 AM
Government forbids cryptocurrency already. These governments banned cryptocurrency for an illegal use of people in terms of scamming their citizens or etc. They forbid cryptocurrency to exist to their sovereignty because they know that it is harmful for everyone. Well, they are wrong with that because soon, cryptocurrency will arrive and change the economy.
full member
Activity: 364
Merit: 100
December 02, 2018, 08:57:16 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


We're always talking about the problem of the government and cryptocurrency where some countries doesn't recognize it and some some are banned crypyos. I think the only problem is that they can't manipulate or control crypto and they only look on one side and they don't intend to see the positive side that can benefit a lot of people.
full member
Activity: 658
Merit: 106
December 02, 2018, 08:23:00 AM
The government has been, and will continue to ban, bitcoin. As long as bitcoin exists and develops, the government always has moves to limit them

I am believe in near future government will regulate cryptocurrency as currency. If government recognize crypto as currency, it will increasing industry in tourism. More tourist will come and spend their crypto and government will earn more taxes

Everyone expects this to happen but some governments don't think about Bitcoin because everyone has a different idea from the situation of Bitcoin.
i am doubt goverment will recognize cryptocurrency as currency.its could be contradictory with their regulation.maybe as commodity like gold and oil enough for bitcoin price in near future.
full member
Activity: 686
Merit: 100
December 02, 2018, 08:15:57 AM
The government has been, and will continue to ban, bitcoin. As long as bitcoin exists and develops, the government always has moves to limit them

I am believe in near future government will regulate cryptocurrency as currency. If government recognize crypto as currency, it will increasing industry in tourism. More tourist will come and spend their crypto and government will earn more taxes

Everyone expects this to happen but some governments don't think about Bitcoin because everyone has a different idea from the situation of Bitcoin.
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