Show Posts
This is a serious discussion. I mean, after I've seen how bitcoin (and other cryptos as well) got dumped badly after an irrelevant law that makes ICOs illegal. I can only imagine now what would happen If more countries do the same thing and It could get worst by make itself bitcoin illegal. Whether we like to admit it or not, most of people would sell everything they have once its made illegal, some may continue to fight the central banking but the sad reality is that as soon as people start making profits, they will dump it and move on.
Government has nothing to do with bitcoin because they aren't the one who holds it. And there are no reasons for the government to stop the bitcoin because as we can see the feedback about the bitcoin was very good and it says that it is very advantagable and it helps a lot of person in terms of financial problems.
There is an issue related to that. It is clear that the government can not control Bitcoin flow. However, they oblige merchants (e.g. cryptocurrency exchanges) to comply with AML and KYC procedures, making it difficult to exchange Bitcoins to "real" currency.
