Topic: When the government forbids cryptocurrency - page 9. (Read 14615 times)
over time and the increasing number of crypto communities in each country will encourage countries that do not approve of crypto to think again, I think with the insistence of people who want crypto to become legal will make the government change existing regulations.
when the government forbids a very dangerous situation. The government uses all its power. commence criminal proceedings. and many people's assets can be confiscated. This is a very dangerous situation. market collapses.
And how exactly are going the governments to confiscate your coins if you have taken the right measures to store your coins in a paper wallet or a hardware wallet? They cannot do anything that is why they are trying regulation instead because they know the moment they ban cryptocurrencies they will get nothing out of this huge market and they are desperate to get money out of people.
The government prohibits cryptocurrency when there is no understanding on its part why this asset is needed at the moment.
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. 
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 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 that would happen, I think that can be a scary and difficult situation for the market. I say that because governments tend to follow suit to each other's movements, therefore, if one government would do it, another may soon follow, and in the end, a majority of them may do so. And if that implementation is for the negativity of cryptocurrency, then the market together with its assets would take a big hit since cryptocurrency lives by the support of the community. Obviously if that community will shrink even more in size due to the bans that will be imposed on cryptocurrency-related activities, then it would really be difficult for the market to survive.
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.
I believe that this is all temporary, because no technology is in place. abandoning any technology is lagging behind the rest of the world
If they choose to forbid it then surely a big chunk of the cryptocurrency users nowadays would be gone. There are countries wherein their government doesn't have any regulations yet when it comes to cryptocurrency so when it the times comes that they will choose to male it illegal then many people would just choose to leave cryptocurrency.
However, some countries are slowly accepting it so it seems less likely to happen. If that would happen in my country though then like I said, I would just leave cryptocurrency than being at risk of getting caught and be penalized.
I believe that this is all temporary, because no technology is in place. abandoning any technology is lagging behind the rest of the world
Obviously, this behavior is only temporary. The government has banned the cryptocurrency in consideration of the lack of knowledge of the cryptocurrency, but the cryptocurrency will soon be opened in the future. This is the development trend of human beings.
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
No government is benefitting from cryptocurrency, so there shouldn’t be any need to fight over it, so there actions is not likely to be as a result of being greedy. 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 might be that they are seeing it as something dangerous, so they believe the action to take is to ban it from their country… but whatever, I’m no worried about it cause my government never talks about Bitcoin and I’m sure they wouldn’t do anything to stop it.
Bitcoin is good, just that some fools are trying to misuse it. I have seen a lot of people suggest regulation as a key to solve crimes with the use of Bitcoin, sounds funny to me cause that wouldn’t solve anything.
when the government forbids a very dangerous situation. The government uses all its power. commence criminal proceedings. and many people's assets can be confiscated. This is a very dangerous situation. market collapses.
I consider that such measures temporary and they are aimed at safety of means of citizens. later, when this industry will be able to provide quality solutions, I hope the bans will stop
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 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
Hard for government to forbid cryptocurrency. Crypto transaction reach million dollar every day and its much better for government to take benefits from cryptocurrency market. Cryptocurrency is the future of payment and government can not stop it, i think
I think not all countries ban cryptocurrency and control every bitcoin transaction, and I think the government will have difficulty controlling cryptocurrency.
the government does not prohibit bitcoin as a digital asset but the government just wants to avoid the negative effects of bitcoin, for example corruption and other crimes.
Well, this depends in that certain government since there are a lot of mixtures of point of views of these government officials to the crypto currencies the reason why some of them banned Bitcoin and other crypto currencies in their countries while others accepted, embraced and regulated Bitcoin in their country as a mode of payment. Every government of countries has their own oponion and decisions about these.
Cryptocurrency have been threatened at one point or another by nearly every country on the planet. Rarely does a government venture beyond rhetoric. Those resorting to crackdown are often met with greater public appetite for decentralized virtual money,making all that initial fuss an exercises in futility. Bitcoin cannot be stopped
I really think that at some point they are going to need to make real their threats, we know that it is not going to work but if you were part of the powerful elite, what would you do? Do you really think that they are going to let everything they have worked so hard to achieve to be undone just because satoshi had an incredible idea and created a marvellous cryptocurrency? They are going to do everything in their power to avoid this and it is completely understandable to me.However even if they do that, bitcoin was designed in such a way that it does not matter what they do unless they shutdown the entire internet there is always going to be someone trading bitcoin for other crypto, products and services as well.
WhatsApp is helping some people get around Bitcoin/cryptocurrency bans and strong warnings from the government in some African countries as of recently, even allowing some to make it into a business. Of course, a government may be able to ban WhatsApp. Check out this article:
https://news.bitcoin.com/bitcoin-trading-flourishes-on-whatsapp-following-african-exchange-closures/
Hope you find that interesting,
The Cyberius team.
https://news.bitcoin.com/bitcoin-trading-flourishes-on-whatsapp-following-african-exchange-closures/
Hope you find that interesting,
The Cyberius team.
Cryptocurrency have been threatened at one point or another by nearly every country on the planet. Rarely does a government venture beyond rhetoric. Those resorting to crackdown are often met with greater public appetite for decentralized virtual money,making all that initial fuss an exercises in futility. Bitcoin cannot be stopped
I am agree with you. Bitcoin can stopped by government or any institution because its decentralized. If government block it, people will find a way to access it. With decentralized system, bitcoin can not touch by any regulation.
Cryptocurrency have been threatened at one point or another by nearly every country on the planet. Rarely does a government venture beyond rhetoric. Those resorting to crackdown are often met with greater public appetite for decentralized virtual money,making all that initial fuss an exercises in futility. Bitcoin cannot be stopped
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 is entirely possible that what you are describing will eventually happen in most countries around the world, what we need to do is to create a plan about what we are going to do if that happens in the country in which we live, for what I can see in my country there is not a desire to ban cryptocurrencies, but there is a desire to regulate them as much as they can, as you may guess this is something that I do not really agree with but what kind of measures I'm going to take will depend on my particular circumstances at the moment.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
While I do not have a lot of bitcoins right now I really hope that this is going to change in the next months and years and if that happens and then my country begins to try to create a lots of regulations then it's likely that I will just move out.
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