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Author Topic: Do you fear the president of your country, one day, making Crypto illegal ?  (Read 3771 times)
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August 27, 2020, 11:23:09 AM
 #161

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?
Well, cryptocurrencies were created so that people, bypassing prohibitions, could interact with each other wherever they were. In addition ,the "snow avalanche" that absorbs and involves more and more people in crypto has already gained its momentum.

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August 29, 2020, 05:36:22 PM
 #162


Do you think any of the big banks feel threaten by crypto ?

Or even Visa or Mastercard; as they have powerful lobbyist working for them (they fought Walmart and won).
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August 29, 2020, 06:18:01 PM
 #163

You can, of course, prohibit anything, including cryptocurrency, but it is unlikely that anyone will be able to eradicate it from use. And it is unlikely that someone will prohibit, most likely, some kind of regulation will be introduced.

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September 04, 2020, 05:58:42 PM
 #164

My president doesn't want crypto cos he feels threatened by it and with crypto they won't have control over everything, but I believe with time he will come to embrace it as this lockdown has opened more people to the advantages of cryptocurrency

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September 26, 2020, 06:42:13 PM
 #165

in my country it doesn't even legalize crypto, but people use it and the government is aware. In my country, the government is starting to embrace the cryptocurrency market little by little. I know it will take some time, but I don't see the president making crypto illegal.

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September 26, 2020, 09:17:28 PM
 #166

No, it is possible but I am not worried. We can still a lot of ways on how we can access bitcoin related sites, though we cannot use bitcoin, which is also good since it only means that we should only hold it until they government will finally realize that the use of bitcoin should not be considered illegal.

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September 26, 2020, 09:29:39 PM
 #167

in my country it doesn't even legalize crypto, but people use it and the government is aware. In my country, the government is starting to embrace the cryptocurrency market little by little. I know it will take some time, but I don't see the president making crypto illegal.
Same in our country. Crypto is getting popularity and users are increasing as well. The government is aware of this situation but didnt ban crypto or set it as illegal. Though they warned the people to be careful when investing in crypto (particularly in btc) due to its volatility and because it is unregulated which means no one can held accountable. For now the president has less interest to crypto due current condition of our country and the economy.
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October 09, 2020, 07:08:35 PM
 #168

For now it is safe, but for the next day I do not know maybe over time crypto can be legalized. What is certain is that in my country the Asian part does not prohibit cryptoqurrency at all, it's just allowed as an investment tool and nothing more. and of course the risks are borne by each.

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October 09, 2020, 07:27:59 PM
 #169



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?
Why would one have such fear when tou know that crypto does not work like that?
Crypto is decentralized, borderless and banless tech which cannot be controlled by any government because it is like an open financial system with no third party control. I even know many countries where crypto is officially banned at the moment but people are still buying, selling and holding crypto everyday so it literally does not matter.

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October 09, 2020, 07:38:19 PM
 #170

It is possible that a president could ban crypto in a country, however the chances are very slim. Leaders don’t easily reject innovation specially if its useful and with potential. In crypto matters, most leaders are trying to understand and study it they don’t easily imposed ban once they knew the benefit of using the technology.

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October 09, 2020, 10:14:37 PM
 #171

I can't entertain any fear if the president of my country makes crypto illegal or ban it, there are other ways we can exploit in order to use crypto without engaging authorities except the internet is completely shut down.
Decentralized and anonymous features of cryptos even make it easier to anonymously use it without any government interference thus any action by the authorities in order to traced or tracked it will be difficult.
The central Bank in my country made a pronouncement that cryptos are illegal two years ago while advising citizens to stay out of it however this statement does not deter people from using cryptos.

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October 10, 2020, 07:16:28 AM
 #172

Well, if that is happening now, i think i just using cryptocurrency without they find out about it.
Crypto is decentralized mate, no centralized party so we can use it individually without anyone knows.
Unless we are connected to centralized exchange or local exchange, they will not find out our coin addresses.

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October 10, 2020, 02:21:20 PM
 #173

In my opinion it is interesting, even if when state leaders make Crypto currency it is good news for all Crypto users, even it is very helpful for the country's economic growth and development of Crypto currencies, this is precisely what many people are waiting for, there is a country leader making Crypto currency, surely the leaders of other countries will follow in this footsteps and it is likely that the growth of Cryptocurrency will be better in the future ....

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October 11, 2020, 07:24:36 PM
 #174



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?
This question is very 2016-17ish because at that time there was huge influx of newbies in the crypto market including me because the future was not very clear related to crypto market but now i think it is quite clear that no govt can ban crypto, they can only superfacially announce it but they cannot implement it.

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October 11, 2020, 07:37:01 PM
 #175

Presidents have the right to make decree but some can still be protested, not even in a country like america will you just make such type of decree without considering some members of the cabinet's idea. USA is more enlightened than that, even many of the government officials are bitcoin users and it has good advantage to the government herself, talk about the tax, support for unemployed  e.t.c
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October 11, 2020, 07:41:04 PM
 #176

In my country, cryptocurrency is already illegal. Only the authorities in my country are so stupid that they can't come up with a law on digital assets. The country is already in complete stagnation in all areas, so they refuse the most promising direction. This stupidity is surprising...

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October 11, 2020, 07:56:06 PM
 #177

i dont fear about forbidding. i know they will not forbid it. but what i fear is they can add huge taxes when we want to withdraw our money to bank accounts. i am sure they will do that as soon as they realize the potential of crypto market.

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October 11, 2020, 09:08:13 PM
 #178

There are chances of regulation on cryptocurrency by country leaders and I also see the chance of total ban reduce daily by the regulation from first world countries. Most regulations by country is to make investors pay tax and to prevent scam. Most government wont openly give the support to cryptcurrency as coin subjected to speculations, well understandable. The volatility is scary and not everyone can cope with the risk, so it is safer for government to be indifferent.

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October 12, 2020, 01:07:46 AM
 #179

The government is constantly trying to intimidate that they will pass laws and control the cryptocurrency.  But so far no serious decisions have been made.  And yes I am worried about it because it will affect first of all small traders for example.

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October 12, 2020, 05:00:01 AM
 #180



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?
I just hope that will never happen in the US, because I believe thats where it all started, and alot of whales are there, when they start dumping that might cus a massive crash on bitcoin price, these time it might even reach $1k,so I pray that never happens  Cheesy.

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?
Yes, it's possible it might get banned over here someday, cus about 2months ago the government over here passed a bill on bitcoin transactions, one of it is that any transaction to any bank account that is crypto related should be freezed by the bank, their excuse is that so many people have been scammed, because they keep investing in crypto hyips  Huh, it's not my fault they don't recognize ponzi schemes when they see one, they just keep investing in crypto doubler and always end up losing their money.

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