When the government forbids cryptocurrency

[arifteguhr]

Of course every country has their own reasons why they ban bitcoin. like still a lot of fraud or the reason for transaction security. I think today many countries are doing research on bitcoin

[CryptoMoar]

if crypto was banned in my country and at that time the crypto market situation was good. so I will choose to move to another country that allows investment and crypto trading. because I have made crypto my main job. but if the crypto market situation isn't good. then I will accept this ban and may try to open a culinary business. I am grateful that in my country crypto is not prohibited only crypto may not be used as a payment instrument.

[conected]

Of course every country has their own reasons why they ban bitcoin. like still a lot of fraud or the reason for transaction security. I think today many countries are doing research on bitcoin

- I feel that the main reason for banning bitcoin is often that countries can not control issues that bitcoin can cause, it creates too much trouble for the government and if this spreads, they will be very tired of it, so they ban bitcoin to limit people coming to bitcoin. But they also know that the effectiveness of this ban is only temporary when people can still work with bitcoin as long as we do not disclose any information or direct bitcoin exchanges, but at the very least, the government will have more time to do what you say, research and find ways to manage bitcoin in the near future

[KnightElite]

Of course every country has their own reasons why they ban bitcoin. like still a lot of fraud or the reason for transaction security. I think today many countries are doing research on bitcoin

- I feel that the main reason for banning bitcoin is often that countries can not control issues that bitcoin can cause, it creates too much trouble for the government and if this spreads, they will be very tired of it, so they ban bitcoin to limit people coming to bitcoin. But they also know that the effectiveness of this ban is only temporary when people can still work with bitcoin as long as we do not disclose any information or direct bitcoin exchanges, but at the very least, the government will have more time to do what you say, research and find ways to manage bitcoin in the near future

Like in my country, the bitcoin is now legalized in my county but there are still officials in our government who wants to ban cryptocurrencies because of its disadvantages. They say that it can threaten the financial institutions like banks.

[TitanGEL]

People will still use cryptocurrencies even their country banned it. Bitcoin has characteristics of anonymity and it is the reason why people can still use bitcoins. There are many countries who banned the bitcoin but still the users are continuing to patronize bitcoins.

[aeternus]

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

It is safe to say that most countries will never like something like bitcoin since they are afraid to lose their influence over the economy and the people, and I understand their position if I was as powerful as them I would not like the idea of something like bitcoin appearing but they have no other choice but to accept it or start a war against bitcoin and its users that they will lose.

[ausbit]

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

It’s not every government that supports cryptocurrency. It is already banned in so many countries, but I’m happy that’s not the same for my country.

Here the government is not against Bitcoin, a lot of people are still investing in Bitcoin. I don’t think there is anything you can do about this, unless you will find something like a VPN solution, something like that that can help you to continue to access crypto sites even after they apply such rules.

[Naida_BR]

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

It’s not every government that supports cryptocurrency. It is already banned in so many countries, but I’m happy that’s not the same for my country.

Here the government is not against Bitcoin, a lot of people are still investing in Bitcoin. I don’t think there is anything you can do about this, unless you will find something like a VPN solution, something like that that can help you to continue to access crypto sites even after they apply such rules.

Bitcoin and cryptocurrencies can be regulated, but not banned. It cannot be banned in a decentralized ecosystem. Even the solution you gave with the VPN tells that!
There are many ways to be involved in the crypto. The difficult part comes when the crypto and fiat world needs to be connected in order to do the transition.

[goaldigger]

Cryptocurrency is useful in so many ways that the government needs to ban it one by one. Its sad that they limit their people freedom on choosing their own investment and they blocked your opportunity to earn more. After bitcoin's launch to the world, im sure your country will change their mind and go back to using crypto again.

[natureltiqqy]

it does not specify in which country the member is living, the country in which the crypto coins are banned, but I guess it is highly likely that it is one of the Asian countries. unfortunately, the backward countries generally prefer to stay behind in every case instead of keeping up with innovations in a timely manner. sad situation.

[MidKnight]

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 is very unfortunate but all of these bad things that happen in cryptocurrency and all these bans are just temporary. Just take a look AI techs, there are so many movies and documentaries that they will be the cause of our doomed but the world still see its potential because it's how the future is suppose to be and just like crypto, we need it.

[tonyja2017]

In my country as well, they are making very unreasonable bans for Crypto investors. They are going to tax us and they do not protect us in the crypto market. That is a very absurd thing.
What else can I do now? Should I leave the market?

[iv4n]

if I think that if the government prohibits cryptocurrency it will be an obstacle to crypto development and will be an influence for crypto experiencing an increase in the price of every coin in it

of course that will happen, because the presence of the government will increase investor confidence, with government licensing, meaning there is a legal basis for regulating cryptocurrency. but I think it's only a matter of time, because the development of the times must be followed later, so that the wheels of the economy can spin

Some governments can try to ban crypto, but I doubt in their success. Crypto is already wide spread, some governments even tried to ban it by making it illegal, but actually it`s all what they can do, people will still use it. I don`t think that banning crypto in any country can affect the price of crypto, in the end news can be good or bad about adoption, all they can achieve is temporary slowing down the progress. Crypto will win in the end, somewhere will be easier and somewhere harder, in the end it will successfully overcame all obstacles.

[Visbay]

Of course every country has their own reasons why they ban bitcoin. like still a lot of fraud or the reason for transaction security. I think today many countries are doing research on bitcoin

Right for sure many county who are not ready to adopt bitcoin they had their own reasons. If you look into the Google searches bitcoin is one of the best coin that people are searching to find it and know the best features that it has. So their are only few more who did not accept till now but several of them are bitcoin users.

[Sarastiche]

There is a limit to  government enacting a law against crypto in your country, as the internet is an open platform for all,you might just be barred from investing as you wont be able to convert your fiat,As the awarness about cryptocurrency increase, so also we have an increase in the number of scammers and individual that use cryptocurrency platform for illegal deals,Reason why government are against the sector .

[Rooster101]

I dont see government will forbid cryptocurrency market. With this new market, government have a chance collecting more taxes from every crypto trades or from profits we made. I am believe soon or later, government will regulate this market

I alsobelieve that regulation will eventually imposed by majority of the governments in the future. There are only few governments that banned bitcoin and other cryptocurrencies in their respective countries but I believe they will eventuall open up to the new kind of currency that is getting more popular worldwide. Those countries that won't allow cryptocurrencies might stil studying the possible impact of new kind of currency in their national currency and their economy.

[jabrix]

Cryptocurrency is useful in so many ways that the government needs to ban it one by one. Its sad that they limit their people freedom on choosing their own investment and they blocked your opportunity to earn more. After bitcoin's launch to the world, im sure your country will change their mind and go back to using crypto again.

Of course the government prohibits the use of cryptocurrency in his country after going through research and studies on cryptocurrency, whether it has a beneficial or adverse effect.
Besides that, cryptocurrency makes the citizens easier or difficult to use, because it requires technology that not all residents can use it.
Of course the internet network as the most vital means also needs to be known to be used maximally.

[Bezobraznike]

when the government prohibits crypto currencies we cannot do anything, the government has the authority with all forms of regulations, many countries will give severe sanctions to people who invest in crypto currencies, we can only hope that the government will legalize the crypto currency

   We can change the country, we can choose to use private, anonymous coins. Not every country is opened for crypto-currencies. Some talks about banning, taxing, and they
are looking for a way to apply that.
   My country, until now, doesn`t have opinion about crypto-currencies. There aren`t laws about it. I don`t know is it good or bad thing. I`m waiting to see what will they do in the future.
They will need to have some opinion and they will make some laws.

[Ezenwanyi]

Government banning of Cryptocurrency related businesses is very bad to the adoption of Cryptocurrency generally.
But I am of the opinion government will not be able to totally ban Cryptocurrency in any country in as much as there is internet services in such a country.
I may be wrong though.

[daarul50]

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

With your statement above, I'm sorry to hear that. There are two prejudices against your statement. First, the government in your country really prohibits crypto and thus indicates that they do not support this blockchain technology. Second, perhaps this prohibition is a strategy for them to be able to benefit from crypto investors at other times because it is not impossible for them to issue new regulations regarding the circulation and use of crypto that can make them benefit from a crypto transaction.