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

[J1mb0]

I think the government in our country will not ban cryptocurrencies. Even anti-crypto countries like China do not prohibit people from owning cryptocurrencies, they just prohibit the use of cryptocurrency as a currency.
I think that cryptocurrency will be the new financial trend in the world and no other country can fight it.

[xZork]

I am not worried about this issue, ever since I entered this market, the government has listed crypto as illegal. But there are still a lot of people who use and trade it, so I believe there won't be any problems for me.

We've seen countries like China, India placing bans on crypto in the past, so it won't be astonishing if the president of my country places a ban, making crypto illegal. However, this doesn't stop crypto, it can only cause panic selling and price crash if the country is  powerful, example USA. But this doesn't stop people from owning crypto entirely. It's proven beyond doubt that no nation can stop crypto no matter the bans or strict rules they enact.

That's right, no one or any country can stop the development of the cryptocurrency market. In the future perhaps cryptocurrencies will share the financial markets with fiat money.
Currently many countries have started to enter the cryptocurrency market by issuing their coins.

[santouao]

No, I don't feel afraid for our president which regards to this. And I don't think the president in our country can do that. Because first if he studies it and sees that cryptocurrency has a big impact on his countrymen he will probably not make it illegal in our country.

[nrvasquez]

There must be a certain impact because the president's role and influence is quite large. but we also have to see from the other side that the philosophy of crypto is decentralization, so crypto will still run

[elisabetheva]

There must be a certain impact because the president's role and influence is quite large. but we also have to see from the other side that the philosophy of crypto is decentralization, so crypto will still run

In technological advancement, of course, as the head of government, it will take into account the impact of progress that cannot be stopped, let alone crypto can run alone without the role of the government. maybe there needs to be a regulation that can have a good impact on the state in the crypto field, without sacrificing the interests of the state of course.

[Festac]

Technology owns the future, it will be a complete shame for any country to turn their back on crypto and blockchain technology that may brings big benefit for its people when other countries are in support of crypto and blockchain, any country that do such isn't living in this era

[Ratash]

No i do not think they will make it illegal in my country because even if it is decentralized there is no much things to do with crypto because its not an official payment method and you need fiat to withdraw your bitcoin and buy things with it so we are safe for now.

[Dariusburst]

There have been countless bans on crypto in different countries in the past and in the end they lifted the bans, crypto bans isn't going to happen again, people like taking risks nowadays and they don't want any law or government to tell them where to put their money

[aarif123]

I don't think so because crypto industry is very big but whenever any news will come like this one then whole crypto market will go down and at that time there will be high chance to go bitcoin very low but in my opinion it's not possible to ban cryptocurrency

[Farma]

So far, where I live, cryptocurrency is not really a problem, as long as it doesn't interfere with the performance of the legitimate currency. however, such anxieties still resided within me. for now, it can change the flow of my business. however, I still believe that one day, the country where I live can support cryptocurrency 100%.

[joseyphil82]

Crypto isn't a problem in my country, when the government don't have idea about crypto they called crypto scam and tell people not to invest but later even the government start talking positive about crypto, even if a president of a country ban crypto it won't stop people from investing and adopting, it's never going to work

[Stanlo]

Crypto have leaved the stage of getting ban, it's more mainstream now, if any president of any country put a ban on crypto today they are surely going to remaining in the past, such country won't ever grow, now that PayPal company supports crypto payment such bans should not happen

[MWesterweele]

I don't think it will happen in the future, I think the opposite will happen, If there a president who going to make Crypto illegal then it's the president who is culprit or ancient   Because the current economy is based on industrial world 4.0 where many robots or internet working, so I think the right internet money today is Cryptocurrency.

For now i didn't hear any news update regarding cryptocurrency issues here in our country. So far bitcoin or crypto here wasn't illegal nor legal but the mere fact that we can freely accessed and worked with crypto is much better to think of. As of now i have been read some news but not really came from the president but came from one of the persons who was in a government position that they were open for this said issue.

[kpierce77]

I don't think it will happen in the future, I think the opposite will happen, If there a president who going to make Crypto illegal then it's the president who is culprit or ancient   Because the current economy is based on industrial world 4.0 where many robots or internet working, so I think the right internet money today is Cryptocurrency.

Ofcourse the president has a lot of considerations for making crypto illegal, I also believe the same is true for making crypto legal. it takes a fair amount of legal basis to make crypto legal, but as time goes by and perhaps other means of payment and technology have started to use crypto massively, crypto will automatically gain a legal basis

[mezzaluna]

So far, where I live, cryptocurrency is not really a problem, as long as it doesn't interfere with the performance of the legitimate currency. however, such anxieties still resided within me. for now, it can change the flow of my business. however, I still believe that one day, the country where I live can support cryptocurrency 100%.

That means wherever you are living, you have a good environment but you should keep in mind that some government officials might still target Cryptocurrencies one day with malicious intentions. It would also be good to live in a country where both people and the government is knowledgeable that Cryptocurrencies are helpful once learnt properly. Some Presidents might not have heard about Cryptocurrencies since they are sticking to their old style of currencies which is good but they need to be open minded to opportunities.

[wildflower18]

It's a bit scary, but I don't think it will happen, because now almost all countries are interested in assistance in developing the currency of the crypt, as some state companies have already started producing their own tokens.

This is also to our country that cryptocurrency is freely open to use to all people. So I'm not afraid of making crypto illegal because our government will always thinks his people and its benefits that can get using crypto. So I'm not thinking of making it illegal rather to make crypto becomes more popular in our country.

[proTECH77]

Joe Biden cannot do such a thing to the citizens of US that voted massively fo  him November 3 which make he to defeat his incumbent Donald Trump for the US presidential election that just concluded.   Even though he want to make crypto ilegal in the country, it can't be this year 2020 which remain few weeks to enter 2021 . Many crypto and altcoin investors are afraid that the new US president can just change his mind negatively to do what will make the user not to have access to crypto in the country by making it ilegal in the country because the unsupported the users gave to him during the election. 

[dotcoin.info]

I am not afraid of such things. My interaction with cryptocurrency is not tracked in any way by my government. I do not think that they will be so stupid as to prohibit cryptocurrency, this will only increase interest and demand for it.
Besides, how can they prove that certain crypto assets belong to me or to someone else? People will not voluntarily show them their private keys.

[SaShiRaJaVu]

This is a question and uncertainty everyone will be going through when you invest in cryptocurrencies but the only positive aspect is that bitcoin is not just used as a currency but a store of value by big investment firms and we are a multi billion dollar market and no government can ban everything just like that considering the money invest in it. I truly believe that even if some third world country comes up with a ban we can one day reverse that through legal battle.

[kindbtc]

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 am quite sure it is time for the opposite to happen, your concern is already outdated my friend because in many countries the governments or the central banks announced that cryptos are illegal a few years back but now they are coming up with crypto rules and making them legal and encouraging the use of digital methods including crypto.