Do you fear the president of your country, one day, making Crypto illegal ?

[albon]

Certainly, I will feel fear about this presidential decision, which will make Crypto illegal, because my investment in cryptocurrencies will be prohibited, so all my money and profits will be lost in the air, For me, it will be difficult and more like a nightmare. I think it is difficult to make this decision because it is in the president’s interests to stand with the interests of his people. Crypto is the technology of the future and has its advantages that help people. If it is illegal, this is nonsense.

[carriebee]

I dont think we will yet have this as a problem. It's almost impossible to ban a decentralized asset being cryptocurrency. It's not ponzi scheme, its not scam, it's not illegal. There there is no room to be afraid when you are legally doing a legal thing

The fact is crypto is ban in other country although it is decentralize asset there's another country prohibit people from using it. Some people do still not know what crypto is all about that's why they are afraid to use bitcoin. We're glad our government is not prohibited from using crypto we have the freedom to use it daily.

[RealMalatesta]

I think people who are worried that their politicians won't but their president might are living in dictatorship. Usually in a proper nation with democracy president wouldn't be able to do anything by himself, he would require a lot of power from all around the party and other parties to be able to actually make something like that work.

In civilized nations what should happen is the fact that presidents could whatever they want but take years before they can get what they want, but if a president just says crypto should be banned and the people work hard towards making bitcoin illegal and find ways and make laws and so forth to keep the president happy, that is not a president, that is a de facto king and he only makes elections to show that he is still the king and that's it.

[piebeyb]

I also hope that the president in my country will further understand technology, so that making crypto in my country can be fully legal, well even though I don't feel that at the moment there is a ban from my country, because crypto here is called an asset for investment so we don't completely banned but must obey every regulation, only speculation may be in the next year is the right time for crypto to be illegal in all countries

[BitcoinHunt3r]

I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?

Maybe if there are no punishment yet, or maybe my government still not really strict about using crypto, i believe a lot of people will still use it. Maybe for exchange if there are no more legal site that can be open in my country, people still can do it p2p.

[Blue_oxen]

I also hope that the president in my country will further understand technology, so that making crypto in my country can be fully legal, well even though I don't feel that at the moment there is a ban from my country, because crypto here is called an asset for investment so we don't completely banned but must obey every regulation, only speculation may be in the next year is the right time for crypto to be illegal in all countries

I don't think many countries will ban the existence of cryptocurrencies. The reason is that it isn't too harm to people. However, because of its decentralized characteristics, crypto world is a great place for criminals to transfer money worldwide but nobody can control. Therefore, it's the reason why a lot of nations don't make crypto fully legal yet. The governments don't like things that they can't control!

[Bitcoin Miners]

What if, for example - like after that twitter hack - the President wakes up (in a bad mood) and decides with an executive order to make all crypto illegal in the USA?

Of course this probably will never happen in today's world, as the there is big money is invested into crypto currencies; but do you ever think that it is even remotely possible...

Or the next elected president is so "old school" and decides that crypto needs to go?


I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?

I think it is very normal to issue a ban in individual countries, like China or some other countries. But their citizen still have many ways to trade and own crypto that they want , and when a whole host of countries in the world accept crypto, those countries can't be outside

[Gunday_07]

I believe that governments have no power over Bitcoin and crypto, it's impossible to kill or ban crypto because most projects in crypto space are all decentralized, the only projects that governments can have power over are some centralized projects

[semobo]

What if, for example - like after that twitter hack - the President wakes up (in a bad mood) and decides with an executive order to make all crypto illegal in the USA?

Of course this probably will never happen in today's world, as the there is big money is invested into crypto currencies; but do you ever think that it is even remotely possible...

Or the next elected president is so "old school" and decides that crypto needs to go?


I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?

Its okay if they ban because I can still use it all over the world there is no border for cryptos, you can buy from other country if it is illegal in your country and also it is possible to buy things anonymously in the internet world.So old school people need to go to school again if they want to become a leader.

[Natalim]

This should be the biggest heartache for investors like me, declaring bitcoin illegal in our country would probably kill my job and my investment opportunity.
However, it's nice if we will prepare ourselves with this kind of possibility as the government can do any law if they think crypto is not beneficial for majority of people, well, I just hope this kind of situation will not come in the future, instead, I'm hoping crypto will grow even more.

[Henrytrust]

I'm actually indifferent about my government decision or regulation concerning cryptocurrency. As it stands now the government has not legalized cryptocurrency and its not a legal tender in my country. Even if the government choose to make it illegal, it won't add or subtract anything from the people trading or holding it. We only need to be more careful in our dealings at most.

[iTradeChips]

It is not really the president of the country that you should be worried when it comes to the power to block bitcoin. But rather the financial establishment of each country, the central banks, the big banking groups, all of them can influence officers and then ban crypto if they want to. The president maybe knowledgeable to cryptocurrency but he also need to consult with the financial big shots of his country to see the pros and cons of Bitcoin and cryptocurrency in general. That is my opinion.

[ethereumhunter]

I believe that governments have no power over Bitcoin and crypto, it's impossible to kill or ban crypto because most projects in crypto space are all decentralized, the only projects that governments can have power over are some centralized projects

Even if the government doesn't have power over bitcoin and crypto, they can ban crypto easily, and they will give the command to every ISP, every bank, and every store not to accept crypto. If they break the rule, they will get punishment by the government. But we can hope that what we worry will not happen in the future, and our president will accept the crypto and let the people still use crypto without worry.

[target]

By now any president probably heard of BTC and how its has become unstoppable even before 2017. And that if digital money works on the internet then its probably the hardest to stop even if the authorities ban it.

But threatening to ban BTC still works for prices to drop which will allow new investors to come in. There have been lots of news that kept going on over and over about banning and price always dips everytime too.

[VanityWallets2015]

Many countries are vocally discouraging their citizens to engage with cryptocurrencies even before the reign of Bitcoin.
I think that the only time people would really stop taking part with crypto world is if the government declared such action as crime, punishable by law.
Nonetheless, people would still do crypto and will always find a way to continue doing what they are passionate about.

[Romeotom]

Of course crypto will be used legally in my country and that time will be within our reach very soon and another important reason is that online currency will be used in commerce where the use of crypto will be unavoidable. The government of my country had published this information a long time ago and now it is just waiting for its implementatio.

[cassavachips]

I don't think it will just happen, of course there will be many big considerations there. Every country must have an economic point in cryptocurrency right now even though it's just ordinary people. This is nothing to worry about because it is likely that the state will react to detrimental and scam projects.

[Ozero]

Maybe in the US such a decision is possible, but not in my country. In my country, the circulation of cryptocurrency will be regulated by the relevant laws. While several options for their regulation and conditions of circulation are in the legislative body.
The President of my country cannot independently make decisions on issues that are regulated by law and cannot change or overturn them. However, legislators can do this. I have certain concerns about this.

[serjent05]

I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?

At the current status, my country is crypto-friendly, so the way I see it, there is a slim chance that my country will one day make crypto illegal.   This does not mean that there is no possibility that my country will ban crypto but it seems that there is a little chance for now.

[adzino]

What if, for example - like after that twitter hack - the President wakes up (in a bad mood) and decides with an executive order to make all crypto illegal in the USA?

Of course this probably will never happen in today's world, as the there is big money is invested into crypto currencies; but do you ever think that it is even remotely possible...

Or the next elected president is so "old school" and decides that crypto needs to go?


I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?

I doubt any President would wake up next day and say "Ban bitcoin" unless the country is under a dictatorship. It is not that easy to pass a law.
The government can't ban cryptocurrencies because it is decentralized but they can ban the usage. It is not something impossible though. There are few countries (mostly corrupted countries) that have completely banned the usage of bitcoin. Using it will get you thrown into the jail.