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Author Topic: When the government forbids cryptocurrency  (Read 971 times)
Marlyn1
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July 22, 2018, 02:23:46 PM
 #221

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

I hope that this will not happen to our country. Manya people are relying in bitcoin and this bow part of there supplementary income. I am one of these people who take a good benefits in bitcoin. What will happen to our family who is also relying to us if government forbids bitcoin. I hope the government will study this before acting such action.
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Neraj Evad
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July 22, 2018, 02:24:17 PM
 #222

Some of the governments are  forbidding the use of cryptocurrency in their country so that they could not be blame ,if there are irregularities that happen in cryptocurrency activities, so they are forbidding the use of cryptocurrency in their country.
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July 24, 2018, 07:21:35 AM
 #223

That would be the stupiest thing goverment can do. Consider two options from the goverments stand point. One is banning cryptocurrency, closing down websites that sells any crypto, finding users who buy bitcoin, punishing them somehow, react bitcoin buyers/sellers like they are criminals and spending good amount of money and resources on police work to find the local users that buy OTC. Now the second option is letting people use bitcoin and all other crypto currencies, taxing them and making money off them. Just let them be and collect the tax cash they give you. Which one do you think goverments like more?

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Menawi12
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July 24, 2018, 08:32:00 AM
 #224

Some government forbids cryptocurrency transaction because government afraid its illegal transaction. I am believe that government dont understand about cryptocurrency, Government should regulate cryptocurrency because we are living on digital era and cryptocurrency is important thing in internet.

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July 24, 2018, 09:13:51 AM
 #225

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

I literally don't know what I am going to do if my particular country government would forbid with bitcoin usage and earnings,  but as far as I know right now my country is not against cryptocurrencies.


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Danisababy
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August 16, 2018, 12:46:36 PM
 #226

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.

We dont really know the real reasons why bitcoin and cryptocurrency are being banned by a country's government. Lucky for those people whose government are accepting bitcoin and those who are considering on accepting bitcoon and the cryptocurrency. Maybe the government of the OP has doubts about the cryptocurrency and maybe they are still studying what benefits they can get if they accept the cryptocurrency to flourish in their country. But hopefully, they will realize the goodness the cryptocurrency can bring.
Rrotess
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September 18, 2018, 08:19:29 AM
 #227

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.

Cissnei
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September 18, 2018, 09:43:39 AM
 #228

In countries that forbid cryptocurrency the economy has remained quiet and stands at a certain position. Because the government refuses to accept the new thing, it can restore the economy. The application of electronic technology achievements will be a stepping stone for a nation.
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