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Author Topic: France declares war on the cryptocurrencies  (Read 850 times)
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January 16, 2018, 04:18:11 PM
 #21

dear all china and s.korea was a good example to follow when we here such news . bitcoin is unstoppable specially when governments step in .calm down ..

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January 16, 2018, 04:20:37 PM
 #22

The regulation of btc soon or later will occur but the most important thing here is not to panic as ministers can be changed but the digital currency not.
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January 16, 2018, 06:02:29 PM
 #23

hope the governments will realise the importance of bitcoin and other alt coins and support crypto currencies and not try to destroy.
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January 16, 2018, 06:19:07 PM
 #24

It's a war-declaration for using cyrpto-currencies for financing terrorism. Not for using cyrptos for trading or investing. And that is completly normal.
There were lots of news like this.

Haha, you really believe the excuses from the governments? they only want to get tax out of the sales, terrorists will always find a way to buy/sell things, they do not need a cryptocurrency for doing that.
another exuse from some governments is that they do not want investors to lose money, haha, like they care... they already made a lot of people making losses so all cheap excuses to win trust. If they would care about people they would ban the tobacco industry. Please do not believe what they say, think self. A big reason why crypto is so big is because people lost trust in governments and banks.
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January 16, 2018, 08:11:20 PM
 #25

I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.


I do not know if this is the reason of the recent decrease I the price, but it has been obvious for a long time that a war against bitcoin is coming, but the problem is they do not have a way to completely destroy it and I'm sure they understand that, they are just trying to avoid mass adoption.

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January 16, 2018, 08:18:37 PM
 #26

Nah, this type of news has very limited effect on global price. European nations are actually small markets.

Just over a month ago the French regulators (AMF and Bank of France's ACPR) issued their first joint official warning about Bitcoin, apparently prompted by thousands of calls daily to their help centres from the public asking them if it's safe or if the government would protect them. They even said that Bitcoin was wrongly referred to as a currency or cryptocurrency.

No prizes for guessing the effect that had on Bitcoin interest nationally! Hint: opposite of desired effect.

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January 16, 2018, 08:36:30 PM
 #27

I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.



Yes. I see today's exchange rate becomes all red, not even on the high price coin. It also influences the price of altcoins. The news that you submit is also very influential on the rating exchange, the same as when China banned transactions bitcoin ago.

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January 16, 2018, 08:46:02 PM
 #28

I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.


I have some experience with french people but they seems to be open minded as a culture and i am sure that this news is not as serious as some would like to be. I think that at some point they will rather help the cryptoworld  because it represents the future.

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January 16, 2018, 08:48:48 PM
 #29

This is fake, this hasn't been confirmed yet, this is just like a war of "fuds" because everybody is posting fake rumours in here and everybody is believing in them. Stop guys, this is fake and you are probably afraid of this.

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January 16, 2018, 08:56:29 PM
 #30

The news has effect on only French traders. The whales and global traders will not give a shit to this news.

But the old world wants to start a war against crypto money. The banks and politics have been giving speeches about this war since 2 months. 2018 will be the financial war year between crypto world and the real world.

The war is getting real at this time just like I predicted and the effect is just something I cannot phantom how damaging its going to be. From my point of view, I think its a form of coordinated attack because they have realised that one country making the statement of banning bitcoin, is not achieving the desired effect they had earlier envisaged so they decide to do it in unison.

Ascribing the entire market to the whales and global traders is really not right because if the war is fully blown, even the whales will have to go underground because they also come from a particular country. Also, if the whales remain unperturbed, they cannot force other participants and without those little unit holders spread across the world in the market, there is really no market at all.

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January 16, 2018, 09:28:00 PM
 #31

I do not think that decisions of single countries will have a huge impact on the crypto currency price, except China probably. The crypto market cap already reached $840 billion and I was expecting that a war will start when reaching $1 trillion. But this only confirms the success of the independent crypto currencies and I have no idea how they practically want to stop the use of it. Yes, they can regulate or prohibit the public exchanges, but they can not stop the use.
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January 16, 2018, 09:48:28 PM
 #32

that is still a dificult topic as more counties ban bitcoin, the more difficult it will be to attract new investors.

especially bitcoin.

evading reality and government is just like watching a movie, at some points it has to end.

just like "freedom" its a big illusion.


i still remember using background music for my youtube channel during the late 2000's.... and then everything got blocked or deleted for copyright infrigement.


it took years, but the governments won.


wishful thinking is kind of a bad thing, it may lead to great lossses.
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January 17, 2018, 12:42:46 PM
 #33

I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.



Will,for me thats only the finance minister decision of dodgeng tax and not a final decision of totally ban,maybe  i thinks his hystrical and not more knowledge about crypto currency  on that time of saying that digital coinsused to finance terrorism and other crimes,because if he already the truth about crypto its is useful for the good of the economy and not for distraction of the country.he is only a finance minister and we respect and in tittled to his opinion,but the final decision is in the prime minister of france and we hope that the decision is depend on cryptocurrency.


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January 17, 2018, 12:50:08 PM
 #34

I read on news that

"The French finance minister has called for tough new regulations on cryptocurrencies to stop them being used to dodge tax or finance terrorism and other crimes"
Source ( http://metro.co.uk/2018/01/15/france-declares-war-cryptocurrencies-bitcoin-ethereum-litecoin-ripple-tough-new-stance-lead-ban-7231339/?ito=cbshare)

Is this having any impact on the downtrend nature of the whole Crypto Currency market today?
Are some investors having second thought about crypto and selling them?

Would like to get some idea about this.


I think this is one of the factors affecting bitcoin's price. The tough regulation and banning of some countries in cryptocurrency will make a great impact to its popularity and dominance. Many investors will pull out their investment because they cannot escape now from taxes.

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January 17, 2018, 01:09:44 PM
 #35

I wonder why none of the bitcoin community is not suing officials for spreading false information? Let them prove that cryptocurrency is used to Finance terrorism. I have not heard a single fact that the attack was paid for by bitcoins. It's a lie. The fact that people do not pay taxes also occurs due to the lack of transparent rules and due to a total distrust of governments.
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January 17, 2018, 01:21:37 PM
 #36

What is wrong with all these nations? First it was China which was trying to ban the Bitcoin trade. Then it was India's turn. And then we heard news from Nepal and Bangladesh, where Bitcoin users were arrested and detained. And when we thought that we had enough, there was a major blow from one of the most significant markets (South Korea). And now France as well...
Small correction India didn't try to regulate Bitcoin or crypto, Indian Income tax department raided Bitcoin traders to check if there is any money laundering case, if one is honest there is no need to worry here.
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January 17, 2018, 02:00:20 PM
 #37

I do not think that decisions of single countries will have a huge impact on the crypto currency price, except China probably. The crypto market cap already reached $840 billion and I was expecting that a war will start when reaching $1 trillion. But this only confirms the success of the independent crypto currencies and I have no idea how they practically want to stop the use of it. Yes, they can regulate or prohibit the public exchanges, but they can not stop the use.
We all hope after the ban crypto trading in china, other countries are able to overcome the problems that could affect the market price so that in the future there is a country that has the largest market other than China and market price movements that can beat the value of digital currencies such as the current price that lowers the price . Hopefully in 2018 there is a structuring of cryptocurrency trading so that the value of market prices can increasingly raise the price.

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January 17, 2018, 02:04:46 PM
 #38

I am very much in favour of any regulation or hard stance on the financing of illegal activities, or at minimum those related to terrorism and illegal drugs. Obviously, I would rather make it difficult for people who are trying to kill me.

I am however afraid of governments using fear for political means.
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January 17, 2018, 02:07:49 PM
 #39

Yes, i just read some news that france declare war on cryptocurrencies. Because they say that they are using bitcoins in trading some illegal transactions. And also china banning bitcoin mining. Thats give big effect in all markets in crypto world.


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January 17, 2018, 02:11:06 PM
 #40

What is wrong with all these nations? First it was China which was trying to ban the Bitcoin trade. Then it was India's turn. And then we heard news from Nepal and Bangladesh, where Bitcoin users were arrested and detained. And when we thought that we had enough, there was a major blow from one of the most significant markets (South Korea). And now France as well...
Small correction India didn't try to regulate Bitcoin or crypto, Indian Income tax department raided Bitcoin traders to check if there is any money laundering case, if one is honest there is no need to worry here.

i wish france would rather do like India that only checked that there is something illegal is happening , unlike what others do that it really affects the price of bitcoin today , i dont think that the price drop is alarming , also hoping for some kick to pump price.

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