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Author Topic: if cryptocurrency withdraw accounts freeze by government  (Read 409 times)
unusualfacts30
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February 15, 2018, 01:09:10 PM
 #41

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

me or no one else have heard of any such thing. Can you post a link of what you're reading so people can see for themselves. As far as I know it would be shooting yourself in the foot if government decided to ban exchanges that way. Either way, it's important to keep your alts spread out to make sure you're cover when those kind of things happen with or without government intervention.

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boss82_big
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February 15, 2018, 01:23:43 PM
 #42

So I also heard about such a situation from, for example, I just do not withdraw funds directly on the card and sell it ETH from hand to hand, that is he is me fiat and I send him ETH oh so we and stupid state
atomicgroup
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February 15, 2018, 01:29:30 PM
 #43

If Governments of any country, wants to freeze any Account at all, it shall be the Account into which they have the control . All I know is that Cryptocurrency is decentralized. Withdraw Accounts can never be freezed, so far the owner has the private key and its control to himself. However therefore, no any option worthwhile thinking about for now, not until a kind of regulation which of course remain much doubtful surmounted Cryptocurrency.
Leocrypto da Vinci
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February 15, 2018, 05:05:59 PM
 #44

There is no way for a government to freeze a crypto account, but - or course, - it can make illegal to exchange it in fiat money.
But even in this case you can make a lot of things with your cryptocurrency (you can go in another country, for example, or to exchange them personally)
We'll see.

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February 17, 2018, 02:41:57 PM
 #45

In theory you are right, governments can really stop cryptocurrencies, in the same way they can't stop crimes or illegal trades.
But if the use of cryptocurrencies become too dangerous, its use will be very limited just to illegal trades, and it will lose most of its value.


There is no way for a government to freeze a crypto account, but - or course, - it can make illegal to exchange it in fiat money.
But even in this case you can make a lot of things with your cryptocurrency (you can go in another country, for example, or to exchange them personally)
We'll see.

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Ai7xpressTV
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February 17, 2018, 03:04:19 PM
 #46

I think this is a thing that will not happen... Why should they do that and why should they get the permission to do that? I mean they dont have the right to do that so dont worry about these things! Cheesy
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February 17, 2018, 05:17:37 PM
 #47

Governments make big claim with the intent to scare population, but they don't have really any interest to block cryptocurrency.
They only want to control and to tax them. And I'm worried they will find a way :-(

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February 17, 2018, 05:21:32 PM
 #48

Well, what to do, I think in that case, we will find another way to exchange their crypto-currencies for fiat money, yet no one banned normal exchange, is not it? I think that this is exactly the way we will act
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February 20, 2018, 10:02:06 PM
 #49

They cannot freeze anything. Even if they try make "illegal" to change crypto in fiat money, there will be a lot of "unofficial" ways to solve the problem.
The web is too big to be controlled, and smart people will do what they want.
Only the average guy will be blocked.
novocaine
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February 20, 2018, 10:06:36 PM
 #50

I think is a really bad idea this to freeze crypto account by government decisions, we really would to fight if in a future an government will want to freeze accounts.

Actually almost all countriess in the world the government cant do freeze crypto accounts if you have your key, you ave your money, just keep it safe Smiley
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February 20, 2018, 11:01:54 PM
 #51

They wouldn't be able to do it unless the country has some type of authoritarian rule. Most exchanges that we use are not even in the country that we live in. Is binance in your homeland? It would be difficult for governments to police unless they have a huge cyber-crimes unit

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February 20, 2018, 11:30:43 PM
 #52

I think if it happens there is still another alternative way.

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marks1976
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February 20, 2018, 11:57:38 PM
 #53

They cannot freeze anything. Even if they try make "illegal" to change crypto in fiat money, there will be a lot of "unofficial" ways to solve the problem.
The web is too big to be controlled, and smart people will do what they want.
Only the average guy will be blocked.
LOL the governments have fully controlled the bank and that was an important part from the centralized exchange site to receive wire transaction and to send any amount to the user's account.
If you can't understand about what it is and then you should try to take a look for some banks are halting any account that related to the cryptocurrency transaction. it may give you a lot  of lesson.

 
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