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Topic: Will the governments ban all privacy cryptocurrencies ? (Read 2497 times)

full member
Activity: 672
Merit: 100
Government agencies can ban cryptocurrencies at any time, and today cryptocurrencies in any cases are not popular. Therefore, I think that there are opportunities to use them while they are not prohibited.
copper member
Activity: 798
Merit: 3
Government can ban the cryptocurrency but the transactions will happen internally as the cryptocurrency transactions are decentralized and anonymous. It works on most sophisticated technology that is Blockchain where the transactions are verified by the several blocks and no single person will interfere it. But, still the Govt. is considering about the ban not effective this.
member
Activity: 602
Merit: 12
crime , terrorist , and many evil activity are something that governments want to control.
for me its good although you need to exposed your identity here in cryptocurrency
member
Activity: 532
Merit: 11
♦♦♦♦♦
when goverments wanna fight again crime on crypto it will kill cryptocurrencies privacy it self
sad but true , there is no privacy on cryptocurrency in future if this keep happening
full member
Activity: 826
Merit: 103
To be honest i don’t trust the governments and you never know what they’re about to do. As we all already know, some governments already tried to ban crypto or at least they were pressuring the investors to make them stay away from cryptocurrency. But in the end, the world is changing and evolving so eventually every government will have to accept the crypto market.

They need to be able to tax the flow of income and money to be able to pay for police, army, hospitals and so on. Therefor they will never accept a full freerange for cryptocurrencies, unless it's their own fully controlled cryptocurrency.
full member
Activity: 826
Merit: 103
Since 2016 I've been hearing about ban on privacy coins which till date it doesn't happen,same as some are spreading news that bitcoin will die but keeps getting better, I think it's never going to happen and we will keep getting more better privacy coins

Yeah sure, but if you want to purchase big ticket items like a house, a car or a tv, you need to get it registered in your own name for ownership rights. Then how private is it?
member
Activity: 756
Merit: 14
Since 2016 I've been hearing about ban on privacy coins which till date it doesn't happen,same as some are spreading news that bitcoin will die but keeps getting better, I think it's never going to happen and we will keep getting more better privacy coins
full member
Activity: 826
Merit: 103
The fact that governments try to suppress privacy coins is precisely what gives them a use case - they are untrackable, making efforts to ban them futile. However, not having government approval could affect their value for investors.

Untrackable and untrackable. If you decide to buy something with crypto and have it delivered to your door and maybe you even have to sign off on some deliverynote. Then it can be traced/linked to you with your name at your houseaddress.
full member
Activity: 664
Merit: 100
📱 CARTESI 📱 INFRASTRUCTURE FOR SCA
I'm considering to buy and hold some privacy coins for long term. I read some articles and they said governments are taking harsh stances on privacy coins. Do you think they will ban all privacy cryptocurrencies by prohibiting exchanges to list those coins?
The government may issue strict bans on Cryptocurrency, but they cannot influence it. This is a decentralized market with an anonymous background, so there are no investors controlled by governments. Therefore, the ban on Crypto does not affect, and you do not need to worry because you can still implement your long-term investment plans.
sr. member
Activity: 516
Merit: 250
I'm considering to buy and hold some privacy coins for long term. I read some articles and they said governments are taking harsh stances on privacy coins. Do you think they will ban all privacy cryptocurrencies by prohibiting exchanges to list those coins?
it's depend on which country are you and the government on your country, it's different on every country. in my country here, government is not ban the cryptocurrency here, i think they are even  don't know what is cryptocurrency so it's still fine here in my country. cryptocurrency is not banned here.
sr. member
Activity: 2352
Merit: 245
I'm considering to buy and hold some privacy coins for long term. I read some articles and they said governments are taking harsh stances on privacy coins. Do you think they will ban all privacy cryptocurrencies by prohibiting exchanges to list those coins?
Not going to happen because the main aim of cryptocurrencies are decentralization ,two anonimity and freedom with your transactions.Doesnt make sense why would these countries will ban privacy coin and why others altcoins wont? if they want cryptocurrencies to collapse why not do it in just one global ban? if they ban privacy coins morelikely they will ban all the cryptocurrencies.
I read an article that Japanese government pressure coincheck into delisting Privacy Coins Monero, Dash, and Zcash. I'm afraid that many other exchanges will follow suit when government tighten the regulations. For other cyptocurrencies, you can know who send, so you can blacklist those suspicious accounts in the database, but for privacy coins it's impossible. For that reason, it's likely ban will happen.
I think that such a danger exists. Certain states may well prohibit the circulation of coins with a high degree of anonymity and Japan is an example of such an attitude towards anonymous cryptocurrencies. It is alarming precisely because. that Japan as a whole has a very friendly cryptocurrency policy. Therefore, it is possible that many other states will follow the example of Japan. However, I think the community will come up with an optimal way out of this situation for using anonymous cryptocurrencies. It may be decentralized exchanges that will be located in offshore zones.
sr. member
Activity: 1039
Merit: 256
I think the government will not ban crypto, if it prohibits it will have a negative impact. As a crypto enthusiast, we will continue to strive so that the government can accept and provide crypto opportunities to continue to develop well.
We are talking about private cryptocurrencies and not for all. Sometimes it is ridiculous to listen such statements, the market turnover is too small to arouse suspicion among governments.
full member
Activity: 602
Merit: 100
VANM - VIRAL ADVERTISING NETWORK MINING
I think the government will not ban crypto, if it prohibits it will have a negative impact. As a crypto enthusiast, we will continue to strive so that the government can accept and provide crypto opportunities to continue to develop well.
hero member
Activity: 991
Merit: 500
I think for now there is no ban on Cryptocurrency. The government advises young people to learn about Cryptocurrency so that they can give them additional jobs that produce. And I think with government support it will improve the quality of Cryptocurrency.

This might be working only in few countries it's really good to know that government is supporting to learn about cryptocurrency yes this might impact on the value for sure as the self interest is trending across the globe.

I hope the days are not so long to see all this, I am sure crypto will rock again and popularity will increase again.
sr. member
Activity: 826
Merit: 250
I think for now there is no ban on Cryptocurrency. The government advises young people to learn about Cryptocurrency so that they can give them additional jobs that produce. And I think with government support it will improve the quality of Cryptocurrency.
member
Activity: 574
Merit: 11
I'm considering to buy and hold some privacy coins for long term. I read some articles and they said governments are taking harsh stances on privacy coins. Do you think they will ban all privacy cryptocurrencies by prohibiting exchanges to list those coins?
i think cryptocurrency, including privacy coin, will be difficult to ban in all countries, with only a few baning cryptocurrency. so you can buy privacy coin without worrying about it because cryptocurrency will always survive from anything as long as the developer is always making updates.
sr. member
Activity: 574
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
What do you mean by privacy cryptocurrencies? If you mean by simply crypto then they can do that. There were certain countries like for example India banned bitcoin. If they ban the use of bitcoin on their country, it is prohibited and it means that using other crypto is included.

Banning of cryptocurrency depends on the government. If they wanted to ban it, they will. But there would be legal process to do that. If there could be any opposition that will opposite the idea of banning it,  could help preventing banning of crypto in your country.
jr. member
Activity: 154
Merit: 4
Maybe they'll try. It'll be as efficient as when they tried with alcohol and recently with drugs.
TWW
full member
Activity: 1456
Merit: 109
They will try to ban it but I think that they can't do it unless they can turn off the internet. What will happen if the internet dies??? I don't known. Wink
I think the government can't do that. bans might be given, but appeal to everyone to be more careful and not abuse the use of crypto. everyone knows the risk of crypto trading but everyone still does the cryptocurrency trading consciously. the government should not need to care about that. on the contrary, we look forward to the support of the government.
jr. member
Activity: 286
Merit: 1
Government cant ban the privacy of cryptocurrency because almost worldwide as its popularity will still remain as its market is growing.And some companies are using cryptocurrencies as payment method to workers and dealing with some negotiations so i think it cant be banned.
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