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One of the many functions of cryptocurrency is money transfer as it certainly it can be easy to transfer funds in the form of a coin or even a token compared to the physical or fiat cash. As to legality, I think this is country-specific just look around your own country and its official stand on cryptocurrency. In many countries where cryptocurrency is recognized or legalized, there is no problem and there are possibly many business entities where you can convert your crypto into the local cash.
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Just like many members of this forum, I would rather believe it when it is already announced by the government officially. As of now, this is just speculation though a positive one. We all know that the Chinese government decided to ban ICO all because it can be something they can not control and they are afraid the platform can be used for illegal purposes. In case the government has a change of mind and would later on allow ICO under a very strict regulatory framework then I myself will welcome the development but as of now I would just not pin any hope on it.
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I would zero in to the ads made by these phishing sites. these are the kind of ads that Google should be banning and not those legitimate ones doing business using the cryptocurrency platform. Putting a blanket decision affecting everybody is not doing justice for many who are honest in the pursuit of their enterprises. Google and Twitter should come up with a good guidelines defining what can be allowed and not allowed.
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I am not surprised of this man's negative stance against cryptocurrency because he is part and parcel of the disrupted once cryptocurrency can gain real adoption by the masses. To many in his circle cryptocurrency is representing a new territory they may find hard to explore much more to control. In their mindset, they could never risk the exiting financial system to be revolutionize with something they are in the first place not a part of. Bankers should have no business with cryptocurrency because they can never be in one bed with it.
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I am surprised that the project which sounds like a copycat or a fake version of Bitcoin has managed to gathered huge $75 Million in revenues. Maybe it is partly because of the endorsement coming from Steven that made people trust the project. I am hoping they will continue the project for the sake of the trusting token buyers or if not then refund must be in order. Token buyers should be wary of any project that seems to be a big joke because in mostly likelihood it can really be.
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As stated in the post, it happened last year it is happening now and next year there is also a possibility of the same trend happening. This means that this is the best time to enter Bitcoin as soon based on what happened last year the same Bitcoin will soon be rising. I hope that we can break this annual cycle as the whole thing is getting boring.
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This is an interesting project that I believe has a good and profitable future. I am curious if the project is planning to have bounty promotions using the social media...I would want to be a part of that just in case. In the sea of so many ICO projects right now, I am just selective on what I am promoting and endorsing.
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