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

[KimmyF]

Here in the Philippines where our current president here do not have care for the poor, running the government with greedy and stupidity. I guess cryptocurrency will never be accepted here if he will continue to reign. But if he will be impeached or he will finish his term I hopefully wish that the next president of the Philippines is open enough to the changes that is happening around the world. Not only for crypto tho.

So many countries have already banned cryptocurrency then accepted. Cryptocurrency features are very interesting even though some countries can't notice its value. People won't follow government policies which support privacy. Every government wants an illegal cryptocurrency but we don't care about it because banned countries' users are more than other countries.

[MWesterweele]

Here in the Philippines where our current president here do not have care for the poor, running the government with greedy and stupidity. I guess cryptocurrency will never be accepted here if he will continue to reign. But if he will be impeached or he will finish his term I hopefully wish that the next president of the Philippines is open enough to the changes that is happening around the world. Not only for crypto tho.

So many countries have already banned cryptocurrency then accepted. Cryptocurrency features are very interesting even though some countries can't notice its value. People won't follow government policies which support privacy. Every government wants an illegal cryptocurrency but we don't care about it because banned countries' users are more than other countries.

It would take more some time that the world may see the big impact of bitcoin in the world of economic growth. Here in our country still bo indication of prohibitions or even allowing cryptocurrency. I just read some news that some of the government member of our country were open minded about bitcoin or crypto but in president alone not yet. Though it fears me if ever they prohibited crypto because it really affects me as a traders and user of cryptocurrency.

[Salauddin1994]

If governments around the world make crypto illegal it will have a negative impact on both crypto and traders but there is nothing to be afraid of the government cannot control crypto and cannot ban it there is a long way to go. The reason for the fear of the President in the Philippines is that most of the people there are poor and do not have much idea about their crypto so if the use of crypto is illegal the President is afraid but it does not apply to all countries. Many countries in the world have supported and crypto is very helpful in improving the economy of the country.

[Shasha80]

To be honest, there is always a fear that the president in my country will ban cryptocurrency, but even if it does happen I don't
really have a problem with it. Because there are still many ways to cashout my crytpto into fiat, I hope that doesn't happen.
I think the president in my country is unlikely to get banned on cryptocurrency, because I know the president in my country is
always open to new technology.

[yurez]

An adequate state and president will never make cryptocurrency illegal.  I think, on the contrary, the modern state will find advantages for itself in the use of cryptocurrency by people, because you can collect taxes on the profits of cryptocurrency and replenish the country's budget.

[atamism]

Nope, I see nothing wrong and cryptocurrency here in our country is not that popular for me. Only few know about cryptocurrency. Or they know about crypto but they are just scared about whats in the system? I think wayback 2017 or 2018, bitcoin featured in the new but they say it was scam, they said bitcoin is just like pyramiding and that was wrong. That’s is why people afraid doing crypto.

[Ziskinberg]

An adequate state and president will never make cryptocurrency illegal.

Not totally accurate IMO, China is a progressive country and yet they does not support crypto as bitcoin exchanges are illegal in their country.
They have their own stance too, but that does not mean the country does not have a good president.

  I think, on the contrary, the modern state will find advantages for itself in the use of cryptocurrency by people, because you can collect taxes on the profits of cryptocurrency and replenish the country's budget.

I do believe that restrictions and the like is not forever, a country's stance headed by the president could also change in the future, some with changes for positive to negative and even vice versa, nothing is permanent in short.

[Greatchu]

Right now I'm sure that every countries in the world are fully aware of what crypto did in the pandemic period this year, it's the reason why adoption rate is climbing up so fast today, crypto have proved to be stronger than other assets in the world today, blockchain is needed in most countries today to get rid of hardship and poverty, I don't see how a president will do such stupid thing

[1l1l11ll1l]

Right now I'm sure that every countries in the world are fully aware of what crypto did in the pandemic period this year, it's the reason why adoption rate is climbing up so fast today, crypto have proved to be stronger than other assets in the world today, blockchain is needed in most countries today to get rid of hardship and poverty, I don't see how a president will do such stupid thing

Maybe not stupid, but it's like a negative view that has been almost a long time ago. Most people still doubt crypto because they see many scam projects that tarnish the credibility of crypto. and with this pandemic, crypto has little to prove that crypto is capable of being one of the most useful and credible technologies.

[mamesso]

A president wouldn't do a stupid thing like the OP said, it was like committing an own goal. Just look at how many people are using cryptocurrency in a country, they would be very disappointed by a president's ridiculous decision. Automatically the president will lose his supporters at the next election. So far, We've never heard cryptocurrency has made a country lose. So, The President can only prohibit transactions using cryptocurrency in a country, but cannot prohibit people from storing cryptocurrency in their wallets.

[Winscosinally]

A president of a country that do such have no idea what blockchain can do for his or her country, if countries like China and Russia have a place in heart for blockchain development why would other countries say no to crypto and blockchain? Thanks to crypto many african countries are getting better, some countries lacks good economy and crypto is playing a huge part saving many who are ready to learn.

[clickerz]

Nope, I see nothing wrong and cryptocurrency here in our country is not that popular for me. Only few know about cryptocurrency. Or they know about crypto but they are just scared about whats in the system? I think wayback 2017 or 2018, bitcoin featured in the new but they say it was scam, they said bitcoin is just like pyramiding and that was wrong. That’s is why people afraid doing crypto.

Same, a president only implements the law, and it's the legislative that makes the law that cam ka e crypto illegal. I think it's not good for any country, it's counterproductive to make crypto illegal, but instead, find a way to harness it in favor of their country. They can regulate maybe, for purpose of protecting its citizen from fraud and accountability.