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Author Topic: Do you fear the president of your country, one day, making Crypto illegal ?  (Read 3864 times)
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November 18, 2020, 07:44:38 PM
 #261



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I am quite sure it is time for the opposite to happen, your concern is already outdated my friend because in many countries the governments or the central banks announced that cryptos are illegal a few years back but now they are coming up with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.

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November 19, 2020, 12:45:36 PM
 #262

At first cryptocurrency was first seen as illegal, but now has been accepted as legit. It is possible for any president to tag it illegal due to a reason known to him,but this will be possible  in his jurisdiction because cryptocurrency is not centralize.There is nothing impossible.
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November 19, 2020, 01:27:45 PM
 #263

They are too dumb to realize the potential and they could do that on the future. But they would never find my stack of coins and don't even know how much I hold until I move into a crypto friendly country and live off my interest on investment. That's my dream but I'm still positive about it and believe it's something that's achievable. Government can only make it hard to redeem or trade crypto but they won't be able to seize crypto individual holds.
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November 19, 2020, 01:29:39 PM
 #264

If this were the case then all crypto users would surely protest because many investors are investing in the crypto world and they certainly do not want to lose their assets, with the development of the crypto world today it would be impossible for a president in a country to ban the use of crypto let alone in a european country like the US, in fact today the crypto world is increasingly developed to be more popular among the public.

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November 19, 2020, 01:47:33 PM
 #265

everything can happen if the president does all that as he pleases to make his own decisions it can happen and the rights of many people will be useless because the presidential decision becomes final for all his people, so many presidents make unilateral decisions and burdens their people to make decisions. the economy actually worsens, of course, this is a problem for some people who have assets in the cryptocurrency if all of that is prohibited.

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November 19, 2020, 01:51:50 PM
 #266

Not really, government could not force or mandate everyone not to get into cryptocurrency especially bitcoin. Always there are people will going to continue using cryptocurrency even if it will be illegal in their place this because there are many ways not to get caught and one of it is to use privacy browsing or the use of VPN to hide the location of your while accessing the crypto site or exchange. However, it will not going to happen in fact central banks now are creating their own crypto.
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November 19, 2020, 02:32:31 PM
 #267

Which country is so blind to ban cryptocurrency right now when the whole world know that crypto can erase poverty in every country? It's not going to happen anymore, right now crypto have passed that level as it's more embraced right now than two years ago

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November 19, 2020, 02:34:08 PM
 #268

I think it takes a logical and sensible reason to make cyrpto illegal. Praise God, in my country it doesn't happen like that, and I think so far there has been no problem with the crypto world, instead the finance minister is very supportive of the development of crypto in my country. And I hope of course this incident will continue into the future

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November 19, 2020, 02:53:08 PM
 #269

We are afraid to work with crypto project. Because, our country do not give  chance to work in bitcoin. We need a free environment to work in bitcoin. But,our government don’t give thus chance. That's the reason, we are working Secret  in crypto projects.

Bitcoin is not illegal, no one regulates Bitcoin, because Bitcoin is decentralized,
but for a project there must be regulation, if the project is clarified and secured, then there is no problem with the project,
the state has laws to protect investor funds, isn't that good?

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November 19, 2020, 02:54:52 PM
 #270

For me, I am not too worried because even though cryptocurrency has not been fully legalized in my country, currently the president of my country has responded positively to cryptocurrency several times and has begun to accept the existence of cryptourrency. Besides that in my country there is also a large Exchange and has received official permission. , so I don't think there is any need to worry too much about that.

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November 19, 2020, 03:31:23 PM
 #271

~
Erase poverty? How? I can't think of things or even reason that crypto will help eliminate poverty.
I believe this was discussed already back in 2017 and yet a lot of countries still experience poverty.

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November 19, 2020, 03:50:56 PM
 #272

It would be a bad news for us if the president suddenly talk about cryptos and make illegal in our country. We can not make money with cryptocurrency if this happens maybe we use other e-wallet platform like paypal.
but you forgot that paypal now has a crypto . everything that has a crypto on them including paypal can be included in the ban  . this is tragic for us that only depend on crypto for a living and there can be no more alternatives that will be better than crypto when it comes to making money online . others are just suck , i know because ive tried lots of them on the past before i ended up on here in crypto . we are lucky for now if we have a kind president that handles our country but time can come that president will be replace by another  . im afraid for that to happen

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November 19, 2020, 04:02:07 PM
 #273

Actually, I do not have any fear because cryptocurrencies are now legal in the country wherein a certain president cannot just implement it because cryptocurrencies are now have important function in our economy where there are now businesses that are using blockchain in their current system. It is so sad that there are still a lot of countries that banned the cryptocurrencies, I hope that someday they will change their perspective and for sure it will be the start of mass adoption in the countries that are not yet legalizing the cryptocurrencies.

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November 19, 2020, 04:12:26 PM
 #274



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?

No doubt that the President of each country can do what He wanted to do, because every words He says is a LAW, however, I am pretty much
comfortable and trusted my President so much that He wouldn't make any such things about in Bitcoin or cryptocurrency, as long as He see that
the majority of His fellow countrymen are getting profit unto it and giving as well to increase the economy too for sure He will not making crypto to become illegal here.

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November 19, 2020, 04:25:07 PM
 #275

It is indeed very difficult to prohibit the activities of trading cryptocurrencies, as cryptocurrencies are by nature created to be anti-centralized finance. I think it's more beneficial to find a way to legalize it soon than to ban it.
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November 19, 2020, 04:41:36 PM
 #276


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?

All of us have that fear even if we don't admit, having the most powerful man in your country banning or making Cryptocurrency, is worst than a nightmare because you can not open trade, you need to hide your identity when trading, and there's a possibility that you will face criminal or civil liabilities, some countries are imposing not only sanctions but imprisonment as well, I hope it will never happen in our country, our country support is very supportive in Cryptocurrency.
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November 19, 2020, 04:47:45 PM
 #277

This is  actually already in some countries.Some countries  has already declared bitcoin and other crypto currencies are  illegal.As well As India said about the ban of bitcoin though it can be a rumor to create hype. But whatever the decision is cryptocurrency users will be with the crypto as here are scopes left to continue it.

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November 19, 2020, 04:51:11 PM
 #278



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?

In our time, anything can happen. Perhaps cryptocurrencies will be blocked, and possibly on the turnover they will be legalized. However, I don't think there is any need to fear that cryptocurrencies will be banned. To understand this, remember how you were a Jew before the advent of cryptocurrencies, and then you will understand that you do not need to be afraid of anything, just a lot does not depend on us. But if we return to cryptocurrencies, then I see that a lot of money is pouring into this asset and it is unlikely, in any case, cryptocurrencies will be blocked in the near future, on the contrary, there is a likelihood of the appearance of state cryptocurrencies.
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November 19, 2020, 05:05:33 PM
 #279

for me personally I am not afraid that even I agree that in my country the president completely legalizes the cryptourrency industry. anything will happen especially when the government in my country is getting interested in crypto and many people are enthusiastic about supporting crypto. so there is a possibility that in my country one day it can legalize crypto.

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November 19, 2020, 05:14:32 PM
 #280

In my opinion, everything is related to the policies of the stakeholders in a country. however, I believe blockchain technology will be utilized by governments around the world to power their own digital currencies as there are a number of tradeoffs associated with costs and oversight.

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