Russia, India & China prepare to BAN bitcoin?

[Pfizer]

So this is one more fud coming to degrade bitcoin but nothing can harm it. India have still not confirmed about bitcoin status , they just informed that Bitcoin or any crypto currency cannot be used as deposit and withdraw but its technology can be used. So bitcoin can be traded but you cannot use it in your business so it is legal to use bitcoin as investment purpose in India.

They can come all together, doesn't matter. China didn't hesitate to ban bitcoin excahnges, yet bitcoin showed a great performansce against all of those fake regulations prepared by governments.

[1714999017]

1714999017

[Darmanin]

very hard to ban bitcoin, but yes the boss boss on their own currency, so that could be the alternative

[HabBear]

are you late to read the news ? I think China has been doing it a few months ago. nothing happens excessively, just look at the current bitcoin without china, india and russia. bitcoin instead goes up without hesitation.

I think you need to read the news again. China has not banned bitcoin. China has banned bitcoin exchanges from operating in their country. There was no ban on mining, no ban on buying bitcoin (because you can buy from any exchange in the world), no ban on holding bitcoin, and no ban on transacting bitcoin with others!

Bitcoin should be banned!

Why?

[SONG GEET]

However, it's also true that the Kremlin has recently devised regulations that apply to cryptocurrency users. Namely, the government is planning to make all miners to register with the officials and pay taxes, while the ICO practices will be made to conform to practically the same standards as do IPOs.

Yeah all of this big countries want their share in crypto as they all know crypto will disrupt whole financial system. They want to make profit along with crypto development and want to force taxation on bitcoin related activity by one way or another.

So rather than banning bitcoin they will just regulated whole crypto market.

[makolz26]

However, it's also true that the Kremlin has recently devised regulations that apply to cryptocurrency users. Namely, the government is planning to make all miners to register with the officials and pay taxes, while the ICO practices will be made to conform to practically the same standards as do IPOs.

Yeah all of this big countries want their share in crypto as they all know crypto will disrupt whole financial system. They want to make profit along with crypto development and want to force taxation on bitcoin related activity by one way or another.

So rather than banning bitcoin they will just regulated whole crypto market.

Because they have found out the cryptocurrency advantage especially bitcoin, also, they knew that crypto market is on the rise so they have open their mind to study and research about it, so rather than banning it they regulate bitcoin in their respective countries and let people go rise too just like other countries.