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Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired. 

They saw the potential of Blockchain technology.  At the end of 2017 they witnessed the peak of Bitcoin and they wanted to create their own crypto.  The advantage of Blockchain technology is clearly seen in the strict management, which does not allow payment of 2 times for the same amount.  So for auditors it is an advantage to avoid command space in their financial systems.  Their government has absolute control.  
Bitcoin can be created by mining operations, but national crypto will be created by that country and licensed by that national currency similar to tether, usdc ... They cannot put Bitcoin into the system.  their official monetary system because in this race they have come later and they will not give up on their front.

First of all, cryptocurrencies =/= blockchain, or blockchain =/= Bitcoin. There are countries where blockchain is much appreciated even if Bitcoin is not. Even a good number of banks are appreciating the blockchain technology, even using them, but they are not in favor of the likes of Bitcoin and other cryptocurrencies. In my local setting, a few banks are already playing with blockchain but a mere mention of Bitcoin or cryptocurrency when opening an account could be enough for your application to get rejected.

We need a lot more of these barriers to be broken, and something like a revolution before this adoption is able to happen, otherwise, countries like China and America will never end up adopting these technologies and it's going to be a huge waste of time.

There are a lot of companies that are already taking advantage of this technology, although there hasn't been enough policies and laws that have been established, so these businesses are getting very hard to run (look at the binance example).

My country is favor to the blochchain technology but not favor to the ICOs and STOs. There are now many news and issues about scammers and it is the reason why my country doesn't regulate ICOs and STOs.

There will always be governments who'll be afraid of something they don't fully understand. And we probably have some ways to go before a middle ground can be achieved completely. I think majority of the people still thinks crypto is something that's just used for illegal transactions, black market and scams. This will change in time with more information and proper understanding.

Right. And I truly believe there should be no local laws at different paths. It must be world-wide regulation guys

But the development of technology is undeniable so that sooner or later they will adopt technology that is indeed useful. Blockchain is a new technology that has many pros and cons but some developed countries have adopted blockchain technology in their financial systems. this proves not all countries think skeptically about blockchain I guess

This is also happening in my country. This is the primary reason why the impression developed among ordinary citizens and perhaps even among those who are in the authorities is that cryptocurrency or Bitcoin is some kind of a scheme not much unlike Ponzi; because it is being rampantly used by these illegal schemes. The laws therefore, since they are primarily reflective of these people's very rudimentary, even distorted, understanding of cryptocurrency, are in danger of being against cryptocurrency.

Local laws should be based on the real account or definition of cryptocurrency. Lobbyists should also encourage lawmakers to conduct thorough hearings in which crypto experts are invited to give them detailed briefing about what crypto truly is as well as their true potentials. I remember watching a Youtube video in which crypto enthusiast Andreas Antonopoulos was invited by a Canadian legislative committee to shed light on Bitcoin. This is how it should be done in local countries before crafting crypto-related laws.

Yep - that's actually pretty true with a large amount of these countries, not a lot of countries support crowdfunding in the crypto-space, and there are definitely going to be a lot of issues with those sort of businesses.

The real issue is though, does your control support decentralization? Almost every country in the world supports blockchain technology, but a lot of them don't like the decentralized aspects of it (for example BTC), I want countries to allow us to have more freedom with our money.

Firstly keep in mind, that ICOs/IEOs/IPOs are just a part of crypto-currency, and I respect the recent laws that have been implemented in a lot of countries (even US with their issues with securities) and I think regulating and controlling the crowdfunding scene makes the free money grab, that ICOs used to be a couple years ago, not possible anymore.

Correct - local laws are quite restrictive, especially when it comes to the mainstream adoption of bitcoin, because most governments don't want their citizens to control and have a currency that is almost untraceable and pretty safe to use for illegal stuff.

for now of course the government in my country does not prohibit crypto and blockchain technology even now bitcoin dominates in my country, honestly I think they are inaugurating a technology that is very popular today because they want to advance their country with blockchain technology to make it easier for the public to transact with each other in a fully decentralized system.

They think cryptocurrency is a big threat to banks and other financial sector and that's why some government are still not making any regulation about this one aside from banning it. You are lucky if you are in a place where crypto is legal, and in my place you can use it with a regulation especially if you are going to do a legal business but ordinary people can own bitcoin or any other cryptos legally which is more good for all of us. They have to understand this technology, we still need the support of many countries.

or better yet, the government is not making any regulation because they don't know the nature of crypto or bitcoin. they don't fully understand the structure and concept of it. so how can they regulate for something they are still ignorant of?
they need to seriously get involved or deal with crypto or blockchain to fully understand its ecosystem. otherwise, they will regulate the use of crypto for the sake of regulating it but not understanding its technology. with such action, they might implement rules that are not appropriate or redundant.

Local low policies here are not yet affected to bitcoin or it has no bitcoin related law in my country now , if law will be issued in this coutry I think that is the time that government will start to regulize it too. It is too bad for us ,the anonymity in every transactions will be made as well as there will be more taxes will be put on.

Maybe this is the reason in some countries. But as for the country where I reside, crypto has actually become the topic in the news and social media talks before but the government remains neutral up until today. This discussion has been brought their attention up to the president and they don't give any attention as they want to focus on other important things.
The government chose not to involve in crypto due to a lot of major issues in the country that are much important to finish than to discuss it.

Because they see that bitcoin can be like that because of the blockchain. Therefore they adopted the blockchain and then closed the bitcoin space so that bitcoin interest was low and turned to the coins they made.
I am not at all surprised by such government rules, because basically they want to use the blockchain as a more complex centralization.

Local law is local law. If a country wants to ban it's citizens from using cryptocurrency, then it has every right to. There isn't enough lobbying in the world that could possibly change that. I think that fiat currency took a long while to fully implement into the infrastructure of most countries way back then, and so the same could be said of Blockchain technology and cryptocurrencies. The only way that I can see a strict country changing it's stance on crypto use and adoption is if the united Nations made some sort of decree that Blockchain and crypto is mandatory for switching over from fiat. Then those countries may sing a different tune.

Volatility is what prevents the adoption of this technology in markets and places more than daily regulations.
These regulations always play an important role in regulating central transactions and platforms, so it may be difficult to buy these currencies but will not make them impossible.


Inflation and centralization are what give paper money weaknesses, but volatility makes them stronger than Bitcoin.

Very recently we saw Chinese president statement in which he emphasised use of blockchain and China is in way showing any softness towards cryptocurrency adoption.

There is a wide misconception between crypto and blockchain, just because bitcoin cryptocurrency was made on the blockckhain technology does not mean that it defines it, a lot of countries and governments have acknowledged the fact that the blockcchain technology is a key to the future and have already started implementing it and using it for many services, and the only reason why they would ban crypto, is because they are unable to control it and they feel threatened by it taking over the local currency.

I think you should clearly distinguish the two concepts of blockchain technology and cryptocurrency. In my country, the government encourages the development of new technologies, and blockchain technology is no exception. But cryptocurrencies are a different matter altogether, it's banned from use for payment even though you may own them, and there is no clear regulation on cryptocurrencies.

Blockchain should be use and applied in government to make their work transparent and their services efficient. If they don't want to accept crypto then be it but they must acknowledge the good effect blockchain can bring. Thankfully, our country is cool with crypto and we're free to use it.

Many country wants blockchain industry and many country doesn't want it to be their technology but when it terms to the local law if it would be focus on blockchain technology and bitcoin then it would be a problem because there are some country that accepts bitcoin but do not want blockchain technology and the other side was they want blockchain and they don't want bitcoin. If this would be implemented then there would be some restrictions about using blockchain and bitcoin. Because there is some country who are legalizing bitcoin and not legalizing blockchain.

blockchain technology is no problem with that in every country even studying it, usually blockchain products such as bitcoin and other cryptocurrency are against the law which is usually in conflict with the legal currency in the country, so comply with applicable laws also to find safe, but if many mass adoptions of many crypto currency users increase every time, laws and regulations could be changed because the government in that country was built by the community so it goes back to the community to start adopting it

Indeed, but the thing is government has an eye on cryptocurrency now, i know that someday they will knew that it has a big impact in the economy, it can help the economy too ,in that case they will pass a law regarding to this one and it will be apply in other countries too. It could a part of good news and a bad news to us.

I believe crypto is the next form of money. With the course of evolution, money loses its material shell and takes on a digital form. People used to pay with furs. Then - with precious stones, gold, silver. Then fiat appeared, and now we have cryptocurrency. We can't prevent evolution and governments as well.

whats many where  ? do you mean to say anywhere  right .  afaik alot of countries now are crypto friendly and that means they dont have a law about restricting crypto  . like for example here on my country i can cash in or cash out  buy goods using crypto and many more  . i dont hear any law that our government did about cryptos   .  on other country i also heard that people are migrating just to be able to use cryptos  . thats a good idea if crypto is not supported by thier law but i still feel bad on others that dont have the ability to travel abroad  .

Yes, government or local law is highly dominated in the cryptocurrency marketplace. And definitely i also think this is a main barrier to legalize cryptocurrency in every single country. In many countries crypto is illegal by rules of government and according to central bank policies. Bitcoin is illegal in my country but here this is very popular marketplace but community can't grow because of illegalization. But i'm looking forward for the upcoming years when btc will be legal.                   

It is true. Blockchain technology can be generally accepted and has been adopted by many institutions. Blockchain is a form of technological development that proves the progress of civilization. Conventional systems that were previously less effective can be optimized by upgrading from blockchain. While cryptocurreny is only one of the "applications" on the blockchain, there are many more that can be generated from the blockchain. Cryptocurrency especially bitcoin is full of controversy, so that in certain countries its use is restricted. That is the right of each government to maintain economic sovereignty.

Very strong global awareness that will focus more on the real use of cryptocurrency is really needed for countries that are  against cryptocurrency to be inspired,  and it would have been better if the awareness is coming from the top countries that they are looking up to for standard and better way of government, but unfortunately, not even many of those countries too are having that much faith in cryptocurrency because of its volatility and secondly because of the ways and manners at which some of these dark web agents are using it.

So before we can really see them accept cryptocurrency, they will first of all see the possibility of controlling and curtailing those activities which I think china is already doing, but will really take a very slow process.

increasingly thick legal policies do not deter anything to the blockchain industry. this technology is not funded using crypto and does not violate the rules, we need to separate the concentration of the system first.

The things that will be connected with crypto will start from the coins according to their provisions first. what is done by China is to prevent speculation circulating outside the essence, which is wildly linking various crypto with government policies towards the blockchain.

Lol maybe in the shithole you live in. The rest of us live in countries where the governments aren't complete idiots. So you saying th government has every right to tell you what to do and has the right to do so? Are you completely insane? Noone has the right to take your freedom. Oh and btw slavery was also once the law so stick your "law is law" bs up your ass because the nazi officers of ww 2 were also only doing ehat the "law was" You need to think a little.

In such a case that the main goal for them is to collect taxes from people and people utilizing cryptocurrencies don't need to worry about taxes. And in that case, government will have their source of tax enough for their government to run. So basically government need their people, and people need their government as well. The main thing that should be solved in this problem is to find the point where both parties intersect and have a good connection that both parties will not lose a deal so utilizing crypto with tax would be an idea.

The current situation can not change the upcoming future. we see a potential thing about cryptocurrency and even local law policies will not break that and it can be changed when the time comes. so we should not be worried so much because we know how crypto actually work to help us.

As this is a digital world. Government also should change. In my country cryptocurrency are restricted. Using bitcoin is illegal here. As bitcoin is used in some countries cryptocurrency should be accepted as mode of payment, Bookings, Bank transactions all over the world.

Meanwhile in my country, Bitcoin is not supported nor banned bu rather the central bank just released a warning to those people who would like to venture in the cryptoworld. It is said that there are risk and you should be responsible enough to face it since we know that the price is unstable and those who aren’t familiar or expecting a great return in a short period of time with no prior knowledge would surely lose their precious money in the process and then blame Bitcoin and say unpleasant things about it.

It is already expected that the government wouldn't straightaway legalize cryptocurrency considering the fact that it is decentralized and no form of government organization can have a power over it. There are plenty of countries already who disapproved crypto because of being too anonymous and also the cases where it was used in the black market or illegal transaction. Let us that sooner or later, a law would passed fairly so that cryptocurrency can be regulated all over the world for everyone's benefit and convenience.

Definitely, the local law will be one of the main barriers for this cryptocurrency flourishment around the whole world, It's expected that every country has a self monetary policy which is not favorable to the blockchain system, Every local money is controlled by each central bank but cryptocurrency and blockchain system is not like that, So this is the fundamental difference between local law and cryptocurrency, I also think that Local currency-related policy would hamper the position of cryptocurrency in the local market.

Now leading world states do not see a decentralized cryptocurrency as a threat to the existence and stability of the global financial system. This has been noted by them more than once. Therefore, they take virtually no measures to limit or ban it. For the time being, China is doing this for reasons of developing its own economy and up to a dozen third world states, where the authoritarian form of government prevails and where the rights of citizens are not respected.
Of course, states and their governments are not enthusiastic about cryptocurrencies, this is an extra problem for them, however I hope that cryptocurrency will continue to coexist peacefully with national currencies.

Definitely that governments would regulate cryptocurrency if it is being adopted in their country. Almost everything is under the regulation of the government. Taxes, laws, and policies are everywhere that we must obey in a country we are living in. The more the government sees the growth of cryptocurrency population locally, they'll look over it and will eventually try to control and limit people using it. Regardless if they see it as a threat or not, if they know something inappropriate can happen there like illegal transactions, they'll make an action to prevent it.

Governments will bring in regulations. They are accepting of blockchain but are wary of crypto.

If we are to think is there a barrier between cryptocurrencies and the government or local policies? Well, for me, not really. If both of the parties will understand each other, then we could say the barrier could be broken. There isn't really something for them to fight for, because if government will see the light from cryptocurrencies despite of its sole characteristic of being independent to third parties, then they could regulate the cryptocurrencies. More of, to control local exchange and to generate taxes from it that will be beneficial mainly for their people.

All countries really enjoy blockchain technology, just see that every day news channels keep talking about how many countries like blockchain technology, a great example:

china hainan free trade zone pledges 140m in new blockchain support (https://cointelegraph.com/news/chinas-hainan-free-trade-zone-pledges-140m-in-new-blockchain-support)

But china doesn't like bitcoin


what do you mean by "revelation"?

YES! the government can change to legalize cryptocurrency. I'm very proud because in my country cryptocurrency is legal and as a payment it's used in  many sectors such bank,airways,online shop,travel and i can used to pay for electricity bill. Crypto regulated countries got a lot of advantages.

yes most countries definitely support and want to implement blockchain technology in their countries. because blockchain technology is very revolutionary, effective and efficient. but most countries in the world support blockchain but prohibit crypto. I think this is a natural thing because all countries already have a national currency they reject crypo because they are afraid that if they legalize crypto, the sovereignty of their national currency could be threatened. but I am optimistic that when the blockchain technology has been adopted and is growing rapidly and is aware of the features of crypto, they will also accept crypto.

cryptocurrency is indeed prohibited from being used as a transaction tool because that would disrupt the development of the Fiat and the economy. however, cryptocurrency is not banned, because the government is also investing in crypto. however, it is suitable to say that the government is also inspired by crypto, even large companies like China and Facebook. it's just that the emphasis written on the local police law lies in the use of crypto as a substitute for fiat in real life.

the differences in the crypto and country systems are what keep it from being rejected. but different from the technology. which blockchain can be used on a government system. so many countries are eager for technology, but not so interested in the currency. yes, because the blockchain cryptocurrency was mostly created in decentralization. and that is against the government.

in my country, many people excited about bitcoin, not all people know about it, and its hard to find people that know about bitcoin, but there are many people use it and try hard to earn in any ways. there are some store already accept payment using bitcoin, although government deny to buy or sell use bitcoin, and its can be one of the other people that really want to use crypto as payment, but back to the obstacle aka government. hoping, we can use freely like using fiat money.

When bitcoin become legal transaction have have pay tax for government I think give positive economic for some country have allowed using bitcoin and not controversial or against with bitcoin anymore, many people will trusted with bitcoin and keep bitcoin become most profitable investment assets for the future if keep invest and not law can stop bitcoin become most interested investment assets.

Or they can also stay anonymous and not providing such informations for their governments.
Therefore no trackings would be found.

Nevertheless if they have such issues and can only live of Cryptocurrencies, they should take another solution such as moving to another country / city where the law accepts it.

But for now yeah there are such law policies that ruins the necessary experience and activeness so that crypto becomes even more adopted.

The governments are not against blockchain technology, many countries have already started their research on blockchain and how they can implement it in the system. But they cant use bitcoin as it is not centralized.

In a majority of countries there are a lot of problems with crypto and laws.
This is one of the main problem of mass adoption

If a government has chosen to stop its citizens from the use of cryptocurrency, then there is nothing you can do about it. But in such countries there are still people that are making use of cryptocurrency underground, they still have a source that they can follow to buy and sell cryptocurrencies without being caught by the government (if eventually they are caught, they get to serve punishment for it).

Some of the government that has stopped their citizens from using cryptocurrencies have plans to create a cryptocurrency of their own. Just like China did, and then announced that they are releasing their own cryptocurrency. But I read a news article that they are now allowing people to mine Cryptocurrency (I don't know if that includes using it as well lol), and I also saw a post about that in this forum.

The volatility of bitcoin as well as its decentralization makes it hard for some countries to accept and use it. They can't put regulations on it and can't track the transactions done using this currency, whether it's illegal or not. Also, the economy and fiat of a country can be overpowered by bitcoin that also adds up to doubts and worries of some countries to it. Luckily, here in my country, there are no such rules and regulations about using bitcoin and cryptos. The government stays neutral about this topic. We can freely use bitcoin and transact with it without any worries of violating any government rules.

It's difficult for local law enforcement to control bitcoin and crypto but they do it by making it difficult to exchange the bitcoin to fiat and fiat to bitcoin, making it difficult to provide crypto related services. So, the crypto needs the local laws in their favor to flourish. We should be able to convince our legislator that crypto is here for greater good.

There are two different things cryptocurrency and Blockchain. Governments are not against blockchain technology but cryptocurrency. There is a thread created today (see the link below), which is telling that India may ban cryptocurrency while you don't find such news about blockchain technology.
This is absolutely not good for India Bitcoin community! (https://bitcointalk.org/index.php?topic=5207639.0)

sometimes local law in a country does not even provide a good opportunity for crypto, there are regulations that actually limit crypto. This should be eliminated, because right now I think that legal policy in a country should be able to support crypto, so that it can develop better for growth

I will not reveal anything new to you if I say that payments in cryptocurrency in any country are possible only with the permission of the government. Thus, no matter how cool the blockchain technology is, the state remains the main link in its development as a means of payment. As we can now see, cryptocurrency is recognized mainly in countries with developed economies. 

Legal policies can change according to the circumstances that occur, they are not likely to maintain policies that are outdated to deal with modern technologies such as Blockchain.
Just as China has begun to make policies about digital currencies and crypto, meaning they have dared to take the balance more advanced than other countries.

I rather consider cryptocurrency and bitcoin's volatility is what makes it stronger than fiats or currencies that are regulated. Imagine if you have a fiat and its value or market price changes drastically every time. The entire country would not have a unified market price of the goods and services they offer, or else they need to have a unifying software that entangles all of the transactions to a proper SRP of products and services.

Eventually, all crypto will be regulated, and it looks like that's where most countries are headed.

If the regulation will come, it is fine. It is also for the better for all crypto users like us. It may look like we're headed there, but it will take a lot of time before it happens. The government has a long way to go to achieve regulating cryptocurrencies. They need to have more consideration and knowledge to do it.

This procedure will continue with the cryptographic community as a whole, until the state understands and reads the “white paper” about bitcoins. It should be understood that both parties, both crypto and the state, should be on an equal footing and not serve anything in the conflict.

No matter how laws are getting strict about crypto, there will surely some cryptocurrencies that will be flexible enough to adjust to follow the jurisdiction of a country. If we want something to happen, there is always a way to do it, one thing to consider is the utilitarian purpose which is intended to deliver the common good for the people and for me, cryptocurrencies have really no intention of making people avoid the law, but could really make the people systematic to follow the law.

You have mixed Blockchain and BTC. Actually BTC run by blockchain technology and blockchain is not barrier here. Many countries using blockchain technology where btc not legal. So you have to understood those separation and how you will bring revelation when any central government did not accept any currency?

thanks.

Yep, we need more pioneer countries to try to regulate crypto to inspire more countries following the same path. I think most countries need assurance on how to prevent crypto being used as money laundering or funding for terrorism. I'm not updated on this but how is the regulation in Japan look like?

I hope so. At least in my country trading crypto is not illegal.

"Local law can be a barrier for many countries to accelerate the blockchain industry." You're right with it, at my country we're barely implementing Blockchain industry but even when it ins't completed there are laws that can be barriers in a near future. So "houston we have problems".

parásito pelicula (https://www.repelis.run/latino/pelicula-completa/2019/parasito-1/)

I think the government does have the authority to refuse or accept bitcoin. and I think the majority of governments reject bitcoin because they don't understand bitcoin well and consider bitcoin as a threat to national currencies. and we as ordinary citizens cannot contradict that rule. but I am grateful even though in my country I have not been allowed to use bitcoin as a means of payment but have been allowed to use bitcoin for investment and trade. hopefully in the future my country is aware of the great potential of bitcoin so that in the future they will legalize bitcoin for payment.

We couldn't really do anything about the law, it imposes threat to the government but what we could do is something revolutionary, if we keep on using cryptocurrency and let them see that the cryptocurrency is unstoppable, we could make them adjust to it. Laws could fit the society, if laws could not stop bitcoin and we aren't really breaking the rules, then why not adjust for them to fit the laws for the betterment of the society? Plus, if we always keep the reputation of bitcoin and cryptocurrency clean, they will not have anything to use against us. Remember the quote "if you cannot beat them, join them". Soon, we'll see pro-bitcoin governments arising with a whole new set of jurisdiction to make our country and economy develop.