The future of crypto

[nurilham]

as long as it doesn't harm the country, I don't think there will be an instant ban on everyone

You can be right. If the government doesn't think it will harm society, it is unlikely to ban crypto instantly. In most cases, crypto will be banned because of a big reason, for example: money laundering or scamming people's money. If there are no bad issues, the government can allow it as long as it doesn't break the laws or regulations in the country.

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[Kasabus]

as long as it doesn't harm the country, I don't think there will be an instant ban on everyone

You can be right. If the government doesn't think it will harm society, it is unlikely to ban crypto instantly. In most cases, crypto will be banned because of a big reason, for example: money laundering or scamming people's money. If there are no bad issues, the government can allow it as long as it doesn't break the laws or regulations in the country.

That is why even cryptocurrency isn't legal in many countries it was not banned and their people are free to use it no matter what they want. China who has been the enemy of crypto will think this thing will create some troubles for their economy. It was their presumption, maybe they have some basis, we don't know but that's their thinking, we can force them. But I don't have worries about their actions, many countries have been in support of crypto, therefore, I could think this will be enough to boost the adoption somewhat it happens in the coming years.

[Sihab76]

The popularity of Bitcoin is increasing day by day among the people but the governments of some countries are questioning the legitimacy of Bitcoin in Parliament.Some countries have already banned bitcoin mining altogether. However, my idea is that the popularity of Bitcoin cannot be suppressed.

[aquafinewater]

Crypto have a bright future no one can't refuse this truth because now crypto used for many transection so this is clear crypto have a bright future you can also chk some previous crypto history crypto always successful and in future beocome more successful

[TheListener]

Nowdays crypto becomes most important in overall world many country used crypto for payment so these thing increase crypto value some country prohibit crypto but I hope crypto are using in overall world soon because crypto have a bright future 

[Kelvinid]

Nowdays crypto becomes most important in overall world many country used crypto for payment so these thing increase crypto value some country prohibit crypto but I hope crypto are using in overall world soon because crypto have a bright future 

Maybe you are seeing this 100 years from now but to know where we are today, we are still far from it. We are not yet in full market adoption, the majority are still don't know about crypto and its important role in the market.  It could be sad but that is the reality. Of course, we have to understand the situation, adoptions will take a while. If we could gain more support coming from the big companies and much possible from the Government, there is no doubt seeing a brighter future for crypto.

[Marvell1]

Cryptocurrency is now moving at its own pace. No one has the power to stop the movement of cryptocurrency. Cryptocurrency will be banned in one place and its door will be opened in another place. So crypto lovers have nothing to worry about.

Obviously, one China can't stop the development of crypto. Their ban will have some impact on the development of bitcoin but it is temporary. Bitcoin will still grow without China.

I hope china will change their decision.

When Bitcoin is accepted and widely used, Surely they will have to change the decision if they don't want to be backward compared to the rest of the world.

[Baimovic]

CBDC is indeed being developed, even China was the first to release CBDC, maybe other countries will follow later, CBDC and Crypto especially Bitcoin are clearly two very different things as we know that CBDC is digital money issued by local banks with a full centralized system while Bitcoin is fully decentralized, of course with the CBDC it will not affect the Crypto world. It's possible that Bitcoin could get into their bank system.

[mbakruroh]

China is always two steps ahead of all other countries in terms of future tech and I think the reason why they ban crypto miners is because of their CBDC but what will happen if other countries later follow the same steps? Will this put crypto in trouble?

China just shuts down problematic Bitcoin mining. The main problem is that it consumes more electricity for mining companies. And China is also part of the largest Bitcoin mining country. One of the Bitcoin mining places is located in the Sichuan area. Perhaps the company located in the Sichuan area is already using hydroelectric power to maintain state-owned electricity pressure. They can also use solar electricity. I think many solutions have come up to make Bitcoin mining possible. Bitcoin miners in china will keep going, and it can't be stopped. It's just that the government needs to control the income from Bitcoin. at least china bitcoin mining companies have to pay tax.