When the government forbids cryptocurrency

[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.

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[pieppiep]

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.

right, the government must have made a calculation in advance, whether crypto will have a good or bad impact on the country, so the government has a basis for determining policies, if the government prohibits crypto in its country, of course there are many obstacles that must be faced, so that legalized

in some countries it still prohibits the use of all types of cryptocurrency, the government is very serious about banning cryptocurrency and in my opinion the government prohibits the use of cryptocurrency maybe because of the influence of some local institutions that feel disadvantaged by cryptocurrency.

[voztata]

If the government of your country forbids you from making use of Bitcoin or anything cryptocurrency, then you should respect the law and not try to do things that are not allowed there.

There are lots of places where the use of cryptocurrency is not allowed because their government believes that cryptocurrency will bring harm to the countries economy or such. It’s left for them to decide, whether they believe it’s bad or good, it’s up to them.

[mich]

We really dont know if the GOVs will forbid cryptocurrency.
There are so many GOVs that are ok with crypto that its not safe to assume that GOVs will eventually not be ok with them.
If my GOV was to forbid crypto, I would just use a vpn service to get around their orders.

[nebuch]

Government  forbids cryptocurrency once they detect the corrupt formulation and information if there are malicious system including serious crimes and alliance with terrorist. However, it looks like cryptocurrency is helpful which I also believe although in some cases there are circumstances to be face due to unstable market condition and decentralized concept.

[Naida_BR]

If the government of your country forbids you from making use of Bitcoin or anything cryptocurrency, then you should respect the law and not try to do things that are not allowed there.

There are lots of places where the use of cryptocurrency is not allowed because their government believes that cryptocurrency will bring harm to the countries economy or such. It’s left for them to decide, whether they believe it’s bad or good, it’s up to them.

It is like they forbid you of using the internet because the government will say that you are organizing something bad via it. It is unacceptable to obey such a rule. Cryptocurrency doesn't harm society with no way. It is not a weapon. It is something that can provide economic growth to countries all over the world. If anyone forbids it, it is illegal in my opinion.

[shoreno]

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.

right, the government must have made a calculation in advance, whether crypto will have a good or bad impact on the country, so the government has a basis for determining policies, if the government prohibits crypto in its country, of course there are many obstacles that must be faced, so that legalized

in some countries it still prohibits the use of all types of cryptocurrency, the government is very serious about banning cryptocurrency and in my opinion the government prohibits the use of cryptocurrency maybe because of the influence of some local institutions that feel disadvantaged by cryptocurrency.

of course they feel aggrieved because the existence of cryptocurrency is bringing down local currency users,
because it is turning to crypto, there is no mutualism advantage, so the government do that?

you are wrong mate  . the use of crypto does not result for fiat user to lessen because crypto user's must need a fiat before they can buy a crypto and crypto cant be also used anywhere . crypto is only useful online  but fiats can be used on almost anything or everywhere . sky and space is only your limit .  this why government should never ban crypto because crypto dont harm any business .

[V-D-S]

If i'm not wrong,may be he is speaking about India.Its the Indian government which said that it would not ban cryptos but then the central bank RBI issued a circular to all the banks not to deal with companies linked with cryptos.Also they have an idea to launch their own digital currency named Lakshmi.

I think he didn't name the country on purpose. 
Cashless sounds like something in a society pretty teeming with corruption, but they really need to focus on some other socio-economic issues in my (limited) view.

[yusupjatigumilar]

now I think the reason why the government is banning bitcoin is because they want to protect their people from things that might be financially detrimental why the government considers bitcoin dangerous because the government does not know the ins and outs of bitcoin itself so the government prohibits using crypto and bitcoin currencies

[V-D-S]

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.

right, the government must have made a calculation in advance, whether crypto will have a good or bad impact on the country, so the government has a basis for determining policies, if the government prohibits crypto in its country, of course there are many obstacles that must be faced, so that legalized

in some countries it still prohibits the use of all types of cryptocurrency, the government is very serious about banning cryptocurrency and in my opinion the government prohibits the use of cryptocurrency maybe because of the influence of some local institutions that feel disadvantaged by cryptocurrency.

of course they feel aggrieved because the existence of cryptocurrency is bringing down local currency users,
because it is turning to crypto, there is no mutualism advantage, so the government do that?

you are wrong mate  . the use of crypto does not result for fiat user to lessen because crypto user's must need a fiat before they can buy a crypto and crypto cant be also used anywhere . crypto is only useful online  but fiats can be used on almost anything or everywhere . sky and space is only your limit .  this why government should never ban crypto because crypto dont harm any business .

I think your reasons are not fully accurate.
Don't forget lots of people provide goods and services in exchange for crypto.
Of course these are a fraction, but govs still need to protect certain segments of the economy, or brace the economy for that segment's revolution/termination.
With mobile data, a matured user-base (like twitter's or facebook's), and with decent confirmation times, you can use them anywhere.
Governments shouldn't ban cryptos because they can't. It's like trying to ban online porn in a country.
Not legitimately enforceable except by banning the internet. Adapt the system, and grow. Don't just shelter.

[kamilah147]

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.

maybe for now many countries have not recognized the crypto currency in their country for several reasons and of course the negative influence if the government prohibits investors from doing anything with the crypto currency but I am sure that in the future crypto currency will become a currency recognized by the whole world

[Triwiyono]

sad also if the government in the country doesn't want to support crypto, even though there are already examples from several countries that are willing to accept crypto, and that is very helpful. maybe you can share your opinion for your government about the benefits of crypto for now and in the future. so, your government thinks again not to ban crypto.

[Best Dreams]

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.

right, the government must have made a calculation in advance, whether crypto will have a good or bad impact on the country, so the government has a basis for determining policies, if the government prohibits crypto in its country, of course there are many obstacles that must be faced, so that legalized

in some countries it still prohibits the use of all types of cryptocurrency, the government is very serious about banning cryptocurrency and in my opinion the government prohibits the use of cryptocurrency maybe because of the influence of some local institutions that feel disadvantaged by cryptocurrency.

They are one of those who are having no economical development if they have they must know how important crypto currency is and how beneficial it is to make our economy stable, thankfully in my country there is no such issue because my country government is well aware of all benefits and all establishments that cryptocurrencies can bring in my country.

[Tylev]

Governments of various countries prohibit their citizens from using cryptocurrency only where there is no full-fledged democracy in society and where, in this connection, there are signs of a totalitarian regime of government. In this case, the rights of citizens who cannot or do not want to protect their own interests are ignored. Approximately this situation is now in Russia. The government practically does what it wants, while protesting against the government’s anti-people regime of the unit. Therefore, they are now preparing such a law on cryptocurrency regulation, which will actually prohibit its use by ordinary citizens.

[viralmetaphore]

Goverments can say whatever they like. It's their JOB, to lie infront of eyes on the people and handle 'em like puppets. But they never ever ban the true essence from where Bitcoin & cryptocurrencies came. The whole paradigm the spirit that was put in the deep creation and development of BTC.



Enjoy life

[Ozero]

It should be noted that the government is very reluctant to legalize cryptocurrency. This process is too slow and difficult. It realizes that it is unable to really control it. In these cases, under the pressure of citizens, it still does it, although it tries to limit their circulation.
It is forbidden to circulate cryptocurrency where governments have signs of authoritarianism and where the rights of citizens are ignored.

[abeecrypto]

It is so sad that the government of some countries are trying so hard to  make cryptocurrency unusable in their country. Government generally like to have control over the affairs of the people they govern. Their action should be more the eason why more people should embrace the digital currency market. The government sees the cryptocurrency market as a force to reckon with. In the end, the people will have the final say.

[Cherylstar86]

Indeed, sometimes this government does not side with the people sometimes what they prohibit for the people but that is what they use to enrich themselves, and we are forbidden to invest in the cryptocurenncy world but they invest a considerable amount there and take considerable profits  also

  Some governments forbid cryptocurrecy as they don't study and look its fundamental on how it give peoples accommodation in a way to earn appropriably. It actually develope promisingly with huge potential that been resemble by many. And I think it is about adoptation to conquer its development be recognize its viable fundamentals.

[geegaw]

Indeed, sometimes this government does not side with the people sometimes what they prohibit for the people but that is what they use to enrich themselves, and we are forbidden to invest in the cryptocurenncy world but they invest a considerable amount there and take considerable profits  also

  Some governments forbid cryptocurrecy as they don't study and look its fundamental on how it give peoples accommodation in a way to earn appropriably. It actually develope promisingly with huge potential that been resemble by many. And I think it is about adoptation to conquer its development be recognize its viable fundamentals.

it's true that if the government sees a positive value it will benefit and the community will receive the impact such as the benefits of tourism and so on

I believe that many governments still see positive when using crypto but the problem is that they do not want to apply when their management for crypto is too poor, especially the crypto system is too suitable for high-tech criminals, if their management is not tight enough, losses will never be a small number. So many governments are strictly banning crypto, the characters they are aiming for are not longtime users here, they are targeting new users, they want to limit the appearance of new users in this area, which will help limit many risks

[Adriano2010]

I think the governments should not forbid crypto because they can get extra money if they put a tax on profit for a year, so if someone buy a coin with 10$ and hold and sell it for 100$ the they had a profit of 90$ and maybe they will put 5% for profit or 10% and pay 4,5$ or 9$, but if but with 10$ and the price drop and sell for 5$ there should not be a tax on because is a loss.