Why China and SK are doing everything right

[kryptorian]

Here I refer to "banning" Bitcoin in these countries. It's my assumption only so please don't throw stones at me. I come to think that they aren't so much against Bitcoin itself, and they don't mean anything evil towards it. All they do basically comes down to preventing their population from being too much obsessed with Bitcoin because these nations are known as quite venturous. The authorities simply don't want to deal with the crowds of angry people after they lose their savings at Bitcoin exchanges, which look more like Bitcoin casinos nowadays.

Japan is definitely different in this regard. They have a culture that celebrates moderation and composure. That may be one of the reasons why Bitcoin has got so much public as well as government recognition there.

[Anti-Cen]

The Americans and the puppy dogs from the west like locking everyone else out and Asia is now
doing just the same back to them.

EVO seems to have the blessing of the Chinese government and I like what I have seen about this
coin network so it will become their equivalent to Ripple which I also like and would recommend it
to anyone new to alt-coins because you can contact someone on the end of an email if something
goes wrong   

[ayesha201009]

you cannot ban a decentralized system. these ban are related to exchanges and money laundering activities (I guess), so in most part they want hit this type of economies related to bitcoin.

[kryptorian]

The Americans and the puppy dogs from the west like locking everyone else out and Asia is now
doing just the same back to them.  

Care to elaborate? I don't think I understand what you mean here. Anyway, wouldn't you consider Japan as an American puppy dog too? Though them seem to be very friendly towards Bitcoin. Shouldn't they ban or otherwise restrict its use like China and Korea did?

[Pursuer]

when they issue warnings about not going crazy with investing in cryptocurrencies, that is perfectly normal. I think almost all the countries in the world has already issued a warning like that. and that is quite necessary and it doesn't mean they are against bitcoin when they warn people!

when they regulate exchanges and close those that fail to do it or have been laundering money, this should not be confused with banning bitcoin. and closing exchanges in some cases is perfectly natural.
even banning ICOs is perfectly understandable since they are not legal way of raising money and there is no product, no company,... to deserve this money raised.

but when they ban bitcoin (which happens to be in 3 or 4 countries and China and Korea and Russia are not one of them despite what the news keeps saying) things are very different. it is not normal and it has nothing to do with that warning I talked about. it is the panic that the corrupted governments have regarding their loss of control to fuck up the economy and fill their own pockets.

[kryptorian]

when they issue warnings about not going crazy with investing in cryptocurrencies, that is perfectly normal. I think almost all the countries in the world has already issued a warning like that. and that is quite necessary and it doesn't mean they are against bitcoin when they warn people!

when they regulate exchanges and close those that fail to do it or have been laundering money, this should not be confused with banning bitcoin. and closing exchanges in some cases is perfectly natural.
even banning ICOs is perfectly understandable since they are not legal way of raising money and there is no product, no company,... to deserve this money raised.

but when they ban bitcoin (which happens to be in 3 or 4 countries and China and Korea and Russia are not one of them despite what the news keeps saying) things are very different. it is not normal and it has nothing to do with that warning I talked about. it is the panic that the corrupted governments have regarding their loss of control to fuck up the economy and fill their own pockets.

Do you mean Venezuela here? Which are these 3-4 countries you speak of? Their governments must be downright incompetent, and Bitcoin may be the last straw to break the proverbial camel's back there. People in these countries don't want to have anything to do with them, so they abandon national currencies in favor of crypto and major fiat currencies such as the US dollar like it happened in Zimbabwe a few years ago.

[bjjobg55206]

you cannot ban a decentralized system. these ban are related to exchanges and money laundering activities (I guess), so in most part they want hit this type of economies related to bitcoin.

Because China is a foreign exchange control country, bitcoin anonymous online transactions can perfectly bypass the central bank's foreign exchange defense line, making foreign exchange control a negligent policy and providing great convenience for money laundering transactions in areas under strong domestic control. The big threat to China's central bank's foreign exchange policy and regulatory policies.

[buinchain]

I think all countries have different reasons for encrypting currencies, but the ultimate reason is that they can not control bitcoin. They think bitcoin regulation is very difficult and it is full of illegal transactions that harm people's interests (which they think).

[Pursuer]

when they issue warnings about not going crazy with investing in cryptocurrencies, that is perfectly normal. I think almost all the countries in the world has already issued a warning like that. and that is quite necessary and it doesn't mean they are against bitcoin when they warn people!

when they regulate exchanges and close those that fail to do it or have been laundering money, this should not be confused with banning bitcoin. and closing exchanges in some cases is perfectly natural.
even banning ICOs is perfectly understandable since they are not legal way of raising money and there is no product, no company,... to deserve this money raised.

but when they ban bitcoin (which happens to be in 3 or 4 countries and China and Korea and Russia are not one of them despite what the news keeps saying) things are very different. it is not normal and it has nothing to do with that warning I talked about. it is the panic that the corrupted governments have regarding their loss of control to fuck up the economy and fill their own pockets.

Do you mean Venezuela here? Which are these 3-4 countries you speak of? Their governments must be downright incompetent, and Bitcoin may be the last straw to break the proverbial camel's back there. People in these countries don't want to have anything to do with them, so they abandon national currencies in favor of crypto and major fiat currencies such as the US dollar like it happened in Zimbabwe a few years ago.

you can see the full list here: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
I had Bangladesh, Bolivia, and Zimbabwe in mind. and despite bitcoin not being illegal in India, there are lots of money issues there and they are tightening their grip around bitcoin but people are investing more and more in it as they make it tighter!!!