rose9696
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https://streamies.io/
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May 31, 2019, 03:54:25 AM |
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Governments always fear of the technology that they might get over ruled by the technology. The governments that has got the perfect learning about cryptocurrency and the technology behind has adopted it. Particularly I always think of Estonia which is one among the country that has got almost everything integrated to blockchain technology. Maybe this couldn't get effective results now, but it'll get with a bigger level of technology advancement without flaws and helps in having transparency in each and every activity. This makes people have trust on the government.
But it does bring a lot of risks to Estonia. You know, a decentralized market will often bring about rapid prosperity but can also make us poor in a short period of time. I am not talking about legal issues. I am just afraid that, too many people know the crypto market and participate in it, leaving the current job. then people again use their money to invest in crypto and when lost, the country of Estonia will go into crisis easily. The government needs to print more money and make new terms. that is the worst case that Estonia may encounter in the future and it is very bad. |
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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June 09, 2019, 10:05:54 AM |
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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
You did not mention the name of your country, but in India right now there is news that you could be facing up to ten years in prison just holding, trading and mining cryptocurrency, this is a very abusive law but they cannot stop adoption of cryptocurrency, and they will find themselves one of the few countries that are left in adopting Cryptocurrency. This is just a proposal in.India, it's not yet in.power and it might not be at all. But I agree thia is very harsh and U don't know what is the background for such decision. Still ban and repression can't solve anything, this is the worst option and it will not solve the problem of cryptocurrencies misuse and illegal activities that are present. Ban of Bitcoin and other cryptocurrencies could only be punishment for honest users and that is not fair. |
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Aptekary
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June 26, 2019, 07:58:05 PM |
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If you do not pay attention now to the abuse of power against users of cryptocurrency, then many states have expressed concerns that the cryptocurrency allows some individuals to launder money that is criminally. Of course, this should not affect the legalization of cryptocurrencies, but on the contrary should increase control over the processes in the cryptocurrency market.
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Nhebu
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June 27, 2019, 02:07:06 AM |
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Basically, the reason why some countries banned bitcoin to protect their economy from illegal transactions by using Bitcoin. When China, banned bitcoin, Charlie Hayter, founder and CEO of the cryptocurrency data analysis firm CryptoCompare said that there is a risk that it could be used to fund crime or illicit terrorist activity — another reason is that it can be a route to circumvent capital controls. The possible effect is of course, less bitcoin users.
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idham29
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June 27, 2019, 02:44:56 AM |
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in my opinion crypto countries will have a major impact on the country's economy. and in my country I have prohibited direct transactions using bitcoin can still make transactions via the bank. and maybe the country is afraid of small bank banks losing their investors
If a country prohibits the use of crypto currencies, it is the same as banning the coming of future financial technology in that country, because digital currencies will certainly be present to be used in domestic and international payment transactions because the development of internet technology has united the inhabitants of the earth. There are more than 100 countries that have received crypto for use in their country and will continue to grow because something that facilitates transactions will certainly be easy to develop, especially starting from a country with a modern technology. |
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trickyriky
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June 27, 2019, 08:22:11 PM |
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Basically, the reason why some countries banned bitcoin to protect their economy from illegal transactions by using Bitcoin. When China, banned bitcoin, Charlie Hayter, founder and CEO of the cryptocurrency data analysis firm CryptoCompare said that there is a risk that it could be used to fund crime or illicit terrorist activity — another reason is that it can be a route to circumvent capital controls. The possible effect is of course, less bitcoin users.
The usage of cryptocurrencies, especially Bitcoin, the most powerful crypto, may affect negatively national currencies, and they will be devalued. Thus, some governments do everything to prohibit any activities connected with crypto. |
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Dread Pirate Roberts
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June 27, 2019, 08:28:37 PM |
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my opinion is their avoiding some service or third parties that using bitcoin as their adventage to make service like money laundry
or as third parties that can handle people money . so far all i know in many country banned crypto mostly is for the service that are they using for make a payment or transaction. but this still controvertial .
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bitcoindusts
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June 27, 2019, 08:41:57 PM |
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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..
That will be nice but to fight with the government is not a good idea. Not everyone who oppose the government by means of rallying do not always win. The government can also impose a rule in social medias to prohibit any anti-government posts, so that is really sad. Let us just hope leaders in that country will come to realize the benefits they and their people could have with cryptocurrencies and start changing their minds about the law they’ve passed. |
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Vishnu.Reang
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June 28, 2019, 03:33:03 AM |
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I guess your country is Bangladesh or India. In these circumstances the crypto exchange markets will go away into the dark internet. You can to use VPN, TOR or other anonymizers to make a transactions. To be honest, it is difficult to ban the crypto currencies from the technical side. The government of your country don't know how to control this market, and they did a mistake, I think.
VPN / TOR can be used for crypto-to-crypto transactions. But what he'll do in case he want to convert some of his coins to fiat currency? Almost all the major exchanges such as Bitstamp and Kraken have made KYC mandatory now and there is no guarantee that they will not share the user data with the governments. One option is to go for peer to peer transactions using platforms such as Localbitcoins. But even LBC is not 100% safe and the authorities can track your bank transactions. |
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mamahdedeh
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Merit: 100
www.cd3d.app
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June 28, 2019, 04:18:15 AM |
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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..
That will be nice but to fight with the government is not a good idea. Not everyone who oppose the government by means of rallying do not always win. The government can also impose a rule in social medias to prohibit any anti-government posts, so that is really sad. Let us just hope leaders in that country will come to realize the benefits they and their people could have with cryptocurrencies and start changing their minds about the law they’ve passed. unfortunately many free VPN users, and this actually creates new problems for them. many hackers will enter our personal space and will drain all the assets we have. as good citizens, of course we must follow the rules, in order to get clear legal protection |
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