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

[flyeers309]

I was afraid because the jobs in crypto such as bounty, trading, and investing were very good prospects. at that time I always thought that this work must be there forever. but then when the market goes down, the bounty is also quiet, capital for trading and investment is also limited, when there are new rules from the government to ban it, maybe I can accept it. in addition to being in a state like this, the government does have the authority to provide regulations and we must comply with applicable law. I think it would be wise if we obey the rules.

Every country must have their own reasons why they ban cryptocurrency, but as you said, many people will lose or have difficulty getting money because we realize that nowadays there are so many millennials who make trading etc as their main job.

[krisnajsadrak]

I'm not too worried because even though cryptocurrency has not been legalized in my country, the president in my country has responded positively to cryptocurrency several times.  In my country there is also a big Exchange and it has got a permit so I don't think it's necessary to worry too much and I'm happy with this.

so do i
and yes, people no need to worry, because legalize bitcoin is not easy for any country,
but i hope someday bitcoin or other cryptocurrency will be legal in my country

[leatutz]

I'm not too worried because even though cryptocurrency has not been legalized in my country, the president in my country has responded positively to cryptocurrency several times.  In my country there is also a big Exchange and it has got a permit so I don't think it's necessary to worry too much and I'm happy with this.

I think the government doesn't want to lose money value. Somehow the government will find out a process to see all transactions. In another site cryptocurrency was made for privacy, maybe the government will control bank transactions. Decision is pending in my country, the government doesn't announce anything directly.

[Rengga Jati]

Actually, in my country, policymakers are not only the president but also the government through certain institutions. Indeed, the president also has the right to legalize it and be involved in it. However, this is a democracy where input will continue to exist.
Currently, my country is legalizing crypto as a digital asset, not a means of payment yet. And I'm not sure if they will change that, especially since it's already in law. And if they will change it, there will be resistance and opposition from many parties, not only individuals but also related organizations and companies.

[arbifahrozy]

I kind forget about the regulation but thing that i know is crypto is banned as payment method. Its illegal here so we can do transacation with bitcoin or anything similiar. So i dont really scare about it because it already happened.

[Samayuki]

Most less successful countries are busy finding ways out of debt and poverty right now and crypto seem to be the best option around, why would any president plan to ban this when it's changing the life of many? I'm one of those whom life got changed because of crypto and I'm glad to be a crypto investor, only a fool leader will be so blind enough to block his fellow country men to go fully technology in this era

[Renampun]

of course, I am worried about that, what is certain to happen is that the local exchange in my country will likely be closed...
currently crypto is one of my additional income, if the government imposes this it will interfere with my income. I still hope this never happened.

[Darkelf11]

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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?

There is always possibilities that it will happen to any country, with no exception. For our country's situation, I see no signs that our President Rodrigo Duterte has any negative thoughts about cryptocurrencies, his government is quiet on this matter. But we can notice that the government has some good interest on bitcoin, one sign is conducting studies about cryptocurrencies like bitcoin. If I were to ask, I think Duterte will be fine on handling this matter, he will support it.

[atjiat]

I live in Ukraine and my new government encourages all innovation. The President of the country was a guest of honor at the congress of representatives of the IT industry, and besides, the government has already expressed its positive attitude towards cryptocurrency and recognized cryptocurrency as an asset that can be bought, changed and sold. In addition, certain online stores today already offer the sale of digital equipment for Bitcoin.

[MWesterweele]

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.

Any possibilities may possible but i'm afraid if ever that our government may declare cryptocurrency as ban in our country. Here in our country luckily that our government leaders doesn't declare it as illegal nor declare it ban that's why for now it still better to trade and invest. So far our government has some sign of being approved in crypto hope that they are open handed to welcome cryptocurrency here in our country.

[Ayiranorea]

In my country we've got restrictions,and people continue using it. We can state more country men facing the same, governments were against the use of cryptocurrencies, but people create ways to use it. One who has got used to it on trading, gambling, as investment, or for transaction needs will never think of leaving bitcoin at any point. So, I'm not worried about the future statements of my president or the law enforcement committee.

[isaac_clarke22]

~

In my country? So far nah. There isn't that much crypto related news so far so that's a bit enough to calm my mind for now, even if there was a news about some platform like Forsage being exposed as a ponzi scheme as warned by SEC before.
Although the probable effect of it would be mostly just a lesser potential investors.

[bitcon]

of course, I am worried about that, what is certain to happen is that the local exchange in my country will likely be closed...
currently crypto is one of my additional income, if the government imposes this it will interfere with my income. I still hope this never happened.

This prohibition will be senseless. Cryptocurrency transactions (at least, many of them) are anonymous. Besides, I do not think that the government will be tracking any “average” person to understand if he deals with crypto or not. However, I suppose, crypto in my countries might get some restrictions.

[ampu]

Illegal at what point? Transactions as a means of payment or holding. We need to recognize that everyone can hold cryptocurrency and that no one can stop them from doing it. There are good arguments for banning crypto.
Some cryptocurrencies do not require KYC so everyone is free to hold. If the government does real bans how will they know who owns the cryptocurrency to handle the breach?

[poodle63]

It's not like without access to crypto you gonna starve though. If the government that's democratic trying to impose ban against crypto and make it illegal at best it's just gonna be a law that's there for decoration more specifically if its imposed in a third world country. Different if you have government with authoritarian regime that try to rule even the smallest thing in individual.

[Gotumoot]

I think every crypto enthusiast is scared of it,
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?

[Botnake]

I think every crypto enthusiast is scared of it,
Who wouldn't be scared when their investment and source of extra income would be illegal on their country?

If that would be illegal, you can still find a way to trade crypto as it's anonymous, you can send it from country where it's legal and let them do the job for you, actually you can always find a way if you are a crypto enthusiast. Maybe I'm just lucky that crypto is legal in our country but I'm pretty sure some other countries where cypto is illegal are still enjoy crypto in ways they can avoid getting caught.

[Altryist]

If that would be illegal, you can still find a way to trade crypto as it's anonymous, you can send it from country where it's legal and let them do the job for you, actually you can always find a way if you are a crypto enthusiast. Maybe I'm just lucky that crypto is legal in our country but I'm pretty sure some other countries where cypto is illegal are still enjoy crypto in ways they can avoid getting caught.

Most likely it is. It is very difficult to completely ban the use of cryptocurrency, there is always a way to use cryptocurrency. I think now is the time when the governments of the countries understand that the cryptocurrency cannot be stopped. It's like a snowball that has gained acceleration and now it will only grow and gain momentum. I do not think that they will now prohibit the use of cryptocurrency. Most likely, the regulatory issues will be tightened.

[Zazzu]

No Of course not, There are privacy coins I could use and no one can track them, then Every time I need cash I just deal with a face-to-face person or just travel to some other county and cash them with ATM or just use Localbitcoins for that!

[desticy]

I can hardly imagine a scenario like this. Even if this happens, it can only have the opposite effect. Indeed, due to the increase in restrictions on cryptocurrency, the demand for it will also increase.
Such precedents have already been met. Bans always have very controversial consequences, including an increase in crime. Any government must understand this and act in the most productive way so as not to create imbalances.