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Author Topic: When the government forbids cryptocurrency  (Read 2152 times)
t3ChNo
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July 10, 2018, 01:26:28 AM
 #201

Are from vietnam? Anyway, every country has their own regulations for cryptocurrency. In my country there is no restrictions to trade it although people only may to buy goods by national currency, even usd is prohibited for it. I still can convert my bitcoin into fiat easily, there is no problem with it.

Same in my country. I can convert my BTC & ETH to fiat easily. More countries & companies are interested with the blockchain technology and not the coins.

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July 12, 2018, 08:15:54 AM
 #202

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad

Would have been much better if you mentioned the country you’re talking about. Anyway, no matter the actions they decide to take today, I don’t thunk that will prevent you from making use of the bitcointalk forum. And I believe that no matter what your government do today,  there will still be a way for you to invest in bitcoin and make money out of it, you just have to ask those that does it and learn from them.
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July 12, 2018, 08:56:02 AM
 #203

Some of the administration prohibits cryptocurrencies and that is a fact since a portion of the legislature in some nation are tolerating bitcoin and remembered it as a legitimate cash however a portion of the legislature additionally in some piece of the world restricted digital money since they would prefer not to hazard to the digital money.
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July 12, 2018, 03:35:22 PM
 #204

actually the government wants to take part in the existence of this cryptocurrency, but as we know cryptocurrency can not be fully regulated by the government because of its decentralized nature so that the use of cryptocurrency can not be completely controlled by the government and fear can be misused for negative activities such as committing crimes that can easily hide identity.
but if most governments can look at the positive side of cryptocurrency, it can certainly be beneficial because with the existence of cryptocurrency in each country can help increase the value of the existing currency exchange

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July 12, 2018, 03:41:32 PM
 #205

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad


most likely the government of your country is afraid if later your country's currency is not much used again by the community,Or maybe your country's government is planning to make its own crypto currency, so for that they prohibit other currencies of crypto and bitcoin in your country,

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July 13, 2018, 07:44:05 AM
 #206

They can ban cryptocurrencies involvement with the real world but they cannot stop your use of it. There is no way they can control your use of it for transactions etc. It sucks they're doing this but there's also a limitation on how much they can do.

Why did they ban some cryptocurrencies?
We really don't know the reason why..

Cryptocurrency has a big role to our economy. Alots of people engage to this so that they can have money. I can't sometimes understand the principle of government.
Yeah brother we all know crypto currency has a big role in development of economy of a country but these politicians are prioritizing their own benefits over that of country. They don’t want their country to get established and become a member of list of countries that would be strong in future as they will have good participation in crypto market. Because future is all about crypto.
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July 13, 2018, 12:55:11 PM
 #207

Because bitcoin is decentralized government is afraid of what it brings to their citizen. I am glad that my country don't think this way. There are proposed exchanges and ico being approved to operate in my county. I hope this will continue to grow until it gradually accepted by all people.
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July 14, 2018, 09:47:06 AM
 #208

They can ban cryptocurrencies involvement with the real world but they cannot stop your use of it. There is no way they can control your use of it for transactions etc. It sucks they're doing this but there's also a limitation on how much they can do.

Why did they ban some cryptocurrencies?
We really don't know the reason why..

Cryptocurrency has a big role to our economy. Alots of people engage to this so that they can have money. I can't sometimes understand the principle of government.

There are many reasons why a government ban or prohibit cryptocurrency. Mostly they are afraid they cant control it, and may possibly  drive out money from their country. Also, it is used for fraud and with not enough regulation, many will lose their hard earn money. But still, cryptocurrency popularity and uses is unstoppable.
In addition, they have other motives like acting like a parent to the masses who do not understand everything and the government just forbids them to use something that is not good like parents do to their children. Besides, the growing scale of crime and money transaction that is done via Bitcoin for such crimes can also be controlled by banning Bitcoin is what the government thinks.

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July 14, 2018, 10:53:03 AM
 #209

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad

Of course the government does that in several countries, but still it doesn’t stop you from making use of Bitcoin or any other cryptocurrency. There are lots of ways you can by pass their restrictions and buy and sell Bitcoin without having any problem with the government.

You can buy direct from the black market and also sell to them when it’s time to sell. Some people usually does that, and don’t go to exchanger for the buying and selling.

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July 14, 2018, 11:12:15 AM
 #210

there are currently some countries that prohibit crypto currency entry in the country, should the government also have to see from the positive side that crypto can help to improve the finances of its users so they have a better life, and I think the government can not control the crypto currency, although they restrict the internet network but there is always a way to access it

calya
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July 14, 2018, 01:18:56 PM
 #211

there are currently some countries that prohibit crypto currency entry in the country, should the government also have to see from the positive side that crypto can help to improve the finances of its users so they have a better life, and I think the government can not control the crypto currency, although they restrict the internet network but there is always a way to access it
i think goverment never think about positive impact of bitcoin or cryptocurrency.they just think about control and regulate this world.so they get taxes from it.

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July 14, 2018, 02:02:38 PM
 #212

Forbidding cryptocurrency is like stopping the advancement of technology. And if your country is prohibiting the trade or use of crypto then you will be left out in the technology race. That's what i call an overprotective government.




I think There's no way they can control your usage for transactions etc. It sucks them doing this but there are also limitations on how much they can do.
Indeed, they can prohibit the involvement of cryptocurrency with the real world but they can not stop its use.
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July 14, 2018, 02:18:55 PM
 #213

Forbidding cryptocurrency is like stopping the advancement of technology. And if your country is prohibiting the trade or use of crypto then you will be left out in the technology race. That's what i call an overprotective government.




I think There's no way they can control your usage for transactions etc. It sucks them doing this but there are also limitations on how much they can do.
Indeed, they can prohibit the involvement of cryptocurrency with the real world but they can not stop its use.
When the government banned electronic money, they probably wanted to protect their control more than it was because of Bitcoin's features. People will have to continue using the bank and the risk can happen at any time with their money. At the same time, personal information is also more easily presented in front of their eyes.

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July 22, 2018, 08:19:05 AM
 #214

If they will insist of banning cryptocurrency in that country then you as a bitcoin enthusiast must do something like opposing this action by means of social media with the groups of investors who also be affected by it.. Revolution is one way to push crypto to the world that’s the first option that this is build..

This oppression is also a human right violations or freedom to choose what is right for people been compromised.. But if this won’t change a thing then use Virtual Private Network(VPN) to hide from authority and the last option and must be think carefully is leaving that country behind..


We have the right to fight for our future. Bitcoin is one the reasons why we are enthusiast on social media right now. A lot will definitely benefits for this, not only bitcoin. And i can't really understand the reason why the government will have to forbid the abilities of cryptocurrencies to help the humankind. And I'm sure that some of the officials knows and somehow support crypto.

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July 22, 2018, 08:51:37 AM
 #215

When the government forbids cryptocurrency then it will be the end of crypto in the country, but there will be many people who will be affected. Though you can not really end cryptocurrency, there will always be some crypto user who will do it illegally.

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July 22, 2018, 09:39:27 AM
 #216

Well that is the worst thing that will happen in the entire life of bitcoin users, or cryptocurrencies users. When government forbids or banned bitcoin, then our life will be doomed. We won't have extra income in bitcoin, investors cannot invest anymore in bitcoin, and we will just be hoping in job salary and in our parents, if students. I hope government will not ban bitcoin because if they did, I think I would die crying.

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July 22, 2018, 12:03:04 PM
 #217

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad


So sad to hear that.  Banning the usage of cryptocurrency is the worst part of involving in here. If ever all the governments will permanently banned it well that was the end for all of us (cryptocurrency users). We can't gain any money now or the source of our income will end. Also, say bye to easy transactions. No more investors will invest in cryto such as bitcoin. And I am sure a lot of people would cry and broken hearted in that news.

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July 22, 2018, 12:15:14 PM
 #218

When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad


We all know that most government are threatened by Bitcoin's existence.  But the banned of Bitcoin is that  worst thing to happened. If crypto community is active in your country you can make an appeal to revert its ban.
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July 22, 2018, 01:55:26 PM
 #219

Luckily in my country, cryptocurrency and ICOs are not prohibited. Of course, the state is trying to introduce bills regulating crypto relations and its turnover. Let's just say, it is still looking after this market.
Whatever the cryptocurrency will be disappeared, when all governments prohibit it, even if there remains at least one country that legalizes it, it will become simply the world center of the cryptocurrency. No normal government wants to lose a gold mine and will better obligate cryptocurrency assets with taxes than lose it.

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July 22, 2018, 02:22:26 PM
 #220

If they will insist of banning cryptocurrency in that country then you as a bitcoin enthusiast must do something like opposing this action by means of social media with the groups of investors who also be affected by it.. Revolution is one way to push crypto to the world that’s the first option that this is build..
Yeah, I think when India banned the bank crypto-fiat transaction activities, people who love crypto never slept on the issue, they took it up and now they've south for court appeal. I think that is a good option, they can't kill this new technology just like that.

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