When the government forbids cryptocurrency

[hahay]

In my opinion, the government that against crypto sees it as a threat to the other type of commodities. With the hype that crypto got last year, the government afraid that a lot of people will start investing in crypto and stop investing in any other commodities like stock, property, land and etc that lead to decreased their value, resulting sluggish economy as the money circulation is not at the place that can be monitored by government or world bank. cmiiw.

No, the government only considers bitcoin to be a type of investment that is highly risky because the crypto market movement is out of control and can be surprising with the fall of the market in just one night or just a few hours. So it seems that the government is only afraid that its citizens who invest in bitcoin will lose without proper legal action. So with that concern the government banned crypto and that is what I know about the government in my country, but so far the use of crypto and crypto transactions is still going well without any continuous prohibition from the government.

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[Escf4]

When the government forbids the crypto currency in running in the state, this is because  the bitcoin or cryptos are not yet regulated by the government , the state wants to supervise and look into the activities happenning in the market and around the places where cryptos have to be used or transacted by people.

[Janation]

You did not say what country you are talking about but such country is suppose to look at the positive side to cryptocurrency and the fact that so many countries have started being positive on it.

I'm disappointed when modern times are not used bitcoin or crypto I reject like this I support bitcoin in the world and all of the world

If we will be talking about the future, there are a lot of other cryptocurrencies that we should support.

In the future, it is sure that there will be a lot of good cryptocurrencies will be created. These cryptocurrencies functions will be more focused on the way the path of cryptocurrencies go in the future. But when the governments continues to ban it, I don't think we should be thinking that there would be even a cryptos in the future. It might just be a history being told by an investor.

[pedangrusak]

behind the government that actually wants to keep taking advantage of its people, it can be dirty politicians or central banks that don't want their banking business to be destroyed by crypto. crypto offers freedom of investment and is logically profitable and this keeps them from reducing crypto. no matter how strong the government forbids there will be a way for the public to access and invest in crypto

[Sarastiche]

In most countries globally government have bias view about cryptocurrency, giving several reason for not accepting it, I feel government should be allowed to regulate the space in order to increase crypto acceptance and ultimately it's value.

[ngano ba]

The government does really do not like bitcoin and cryptocurrency at all but if the cryptocurrency and bitcoin are accepted and adopted as part of the economy of a certain government , they to regulate the cryptocurrency activities , like transactions , currency transfer, payments and other cryptocurrency related transactions that the government should have to regulate for the welfare of every citizens in the country all over the world.

[xuan87]

Not all governments like crypto currency, crypto currency decentralization and anonymity is a big challenge for the government who wants a full supervision to all of it's citizen,so it's not a strange things to see the government really tighten the security and regulations about crypto,it's sad to see this thing, crypto could help a lot of people economically

[jcarlo]

Not all governments like crypto currency, crypto currency decentralization and anonymity is a big challenge for the government who wants a full supervision to all of it's citizen,so it's not a strange things to see the government really tighten the security and regulations about crypto,it's sad to see this thing, crypto could help a lot of people economically

I am agree, many country and cental banks prohibit and ban bitcoin in used for payment. But i am believe decentralized system can not make government ban cryptocurrency because people can make trade with others instantly. Its peer to peer transaction and i think government can not handle this

[YOSHIE]

Not all countries do the same thing against the prohibition of cryptocurrency, when viewed from the current developments in the media or forums, there are countries where crypto is actually used as a guideline for the government cryptocurrency is a government and a country that develops and is useful for the people in all things.

[KorakPawon]

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'm sorry to hear that, but most countries are doing similar things. They are afraid of getting nothing when cryptocurrency works well for people. Especially corrupt government, they are greedy and always looking for a big number for their own wallet. So, it is obvious why they change their decision toward cryptocurrency. 

[mirawantirinjana]

keep calm, some countries still legalize bitcoin not all countries forbid it, and bitcoin can still be used as a cross-country financial transaction for the purchase of goods in countries that have accepted bitcoin as a legitimate payment instrument.

[fianaindriati]

keep calm, some countries still legalize bitcoin not all countries forbid it, and bitcoin can still be used as a cross-country financial transaction for the purchase of goods in countries that have accepted bitcoin as a legitimate payment instrument.

I think, even though there are countries that have banned bitcoin but bitcoin continues to circulate well. because not only one country accepts bitcoin. therefore we must now live it and survive for the continuity of bitcoin.

[Apple Mac]

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

That was a sad thing for every Bitcoin hunters in that country. Luckily our country doesn't banned Bitcoin ( for now)  but here Bitcoin is being used by scammers to fool people with the capabilities of Bitcoin, the people was being captured by their tongues and making them invest for some fake reasons, which is alarming here that leads for the government to investigate the incident, and warning people for possible encountering this kind of thieves.

[awik p]

keep calm, some countries still legalize bitcoin not all countries forbid it, and bitcoin can still be used as a cross-country financial transaction for the purchase of goods in countries that have accepted bitcoin as a legitimate payment instrument.

I think, even though there are countries that have banned bitcoin but bitcoin continues to circulate well. because not only one country accepts bitcoin. therefore we must now live it and survive for the continuity of bitcoin.

we know that many developed countries have legalized bitcoin, and the countries that forbid it certainly have trade relations, so I'm sure they will certainly think of using it later, because then they can facilitate their economic development if one day bitcoin is commonly used. although at present many countries are not ready

[LieTOme]

one of the factors that lost the crypto currency was a ban from the government with the ban that investors could not do anything to access

[logicgate]

keep calm, some countries still legalize bitcoin not all countries forbid it, and bitcoin can still be used as a cross-country financial transaction for the purchase of goods in countries that have accepted bitcoin as a legitimate payment instrument.

I think, even though there are countries that have banned bitcoin but bitcoin continues to circulate well. because not only one country accepts bitcoin. therefore we must now live it and survive for the continuity of bitcoin.

This process will never end because bitcoin will live forever and it is an evergreen currency. If a few countries are not supporting it so it does not mean it will end. New people are being part and more  countries are adopting so those are the reason for long time survival of bitcoin in our life. Now almost 90 percent of counties are accepting bitcoin.

[Argoo]

We can blame the government why they banned bitcoin to some country because they know how risky is crypto or bitcoin. So I think government wants to protect the people from frauders .

Even in this forum there are conflicting views on the actions of governments to prohibit or restrict the circulation of cryptocurrency within a particular state. And each is right in its own way. This explains the slowness of the implementation of cryptocurrency in our lives. Governments also do not know how to act correctly in relation to cryptocurrency and therefore take various decisions. However, one thing is to prohibit the circulation of cryptocurrency, and another thing is to convince or force people to abandon its use. So far, for example, attempts by the Chinese government, as practice shows, have led to the opposite result. There, even more people became involved in cryptocurrency.

[wahyu wida]

We can blame the government why they banned bitcoin to some country because they know how risky is crypto or bitcoin. So I think government wants to protect the people from frauders .

Even in this forum there are conflicting views on the actions of governments to prohibit or restrict the circulation of cryptocurrency within a particular state. And each is right in its own way. This explains the slowness of the implementation of cryptocurrency in our lives. Governments also do not know how to act correctly in relation to cryptocurrency and therefore take various decisions. However, one thing is to prohibit the circulation of cryptocurrency, and another thing is to convince or force people to abandon its use. So far, for example, attempts by the Chinese government, as practice shows, have led to the opposite result. There, even more people became involved in cryptocurrency.

I think the faster the better the results later. with the readiness of a country to use crypto, then many people will succeed, because with more and more people using it, they will double their investment

[Hallmader]

Do not worry, mate. The government may restrict Bitcoin in your country but there remains a couple possibilities. One, that there will always be an opening for you to continually get involved in crypto one way or another. That happens in other countries, in the Middle East and China even. There is Bitcoin or crypto restriction but people are still on it. Two, that even if your country restricts Bitcoin, sooner it will lift it. The world is open to crypto. The economic leaders, the advanced countries, the majority of them are already wide open to crypto. Your country will definitely adjust soon.

[ifinta]

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

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