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Author Topic: How can we convince those countries that see crypto as illegal?  (Read 256 times)
ecnalubma
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September 19, 2020, 06:41:45 PM
 #41

Is their any thing we can do to make them accept it?
No, unless you are powerful or have power to influence your government to legalise cryptocurrency.

I couldn’t imagine how people use crypto in that countries specially if they are punishable with hard consequences. Best advice is just don’t get caught, maybe your country is not yet ready for this technological changes maybe one day they will be enlightened.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Baimovic
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September 19, 2020, 06:50:21 PM
 #42

This will happen when people really believe and can convince the government in their country that crypto is a profitable investment tool. what makes crypto difficult to accept by the government is because it is risky and they think that crypto can be misused like drug transactions, terrorism, and other illegal transactions.

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September 19, 2020, 07:26:18 PM
 #43

Cryptocurrency is far moving into many countries, even though some countries are just yet neutral about it, not seeing at as being legal or illegal. One of them is my country, ...

Your country is doing it right. For new technologies best is for governments to totally not trying to regulate it. Regulations are usually made under influence of those that will lose business. Like first regulators of automobile industry listened people that worked or were invested in railroads.  Right now regulators listen credit card companies and banks.  Countries should let it develop freely and start to regulate after 5-10 years.
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September 19, 2020, 07:45:24 PM
 #44

Cryptocurrency is far moving into many countries, even though some countries are just yet neutral about it, not seeing at as being legal or illegal. One of them is my country, wether it will be turned against by the government or embraced is in the hands of the users, as much as there is no bad new of fraud,scams....we are still on the safe side.some countries are still very much against it Algeria,Bolivia,Ecuador,Bangladesh,Nepal,Macedonia they disapproved it as illegal. Is their any thing we can do to make them accept it?.
Well, you can actually continue to use it, there is no way they can stop you to use it because it is anon and you do not have to get caught, obviously it makes things a lot harder to buy them because you can't have a company that is legally working there that turns fiat into crypto (or vice versa) but you can still earn them by working and get them, and you can use paypal to get it into cash as well by selling to someone (or vice versa again).

So long story short, countries have to see that if they make it legal and taxed them they could make a ton of money, if they realize this believe me they will make it legal because there is one thing governments love more than anything and that is taxes, with taxes they can get more money and with more money they get more power.
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September 19, 2020, 08:01:49 PM
 #45

Cryptocurrency is far moving into many countries, even though some countries are just yet neutral about it, not seeing at as being legal or illegal. One of them is my country, wether it will be turned against by the government or embraced is in the hands of the users, as much as there is no bad new of fraud,scams....we are still on the safe side.some countries are still very much against it Algeria,Bolivia,Ecuador,Bangladesh,Nepal,Macedonia they disapproved it as illegal. Is their any thing we can do to make them accept it?.
I know that you are living in one of those countries but there is nothing to do, I say this because those countries obviously do not understand what this is about, bitcoin is a new technology and when it comes to technology the ones that win the most out of it are the ones that adopt it early, is it really any wonder that the US and China are some of the countries at the top of that list? Not really, they want this market to benefit them and that is why they have accepted it but the politicians in those countries that decided to make it illegal simply lack vision and sooner or later they will change their tune but by that time it will be too late.
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