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Author Topic: How can we convince those countries that see crypto as illegal?  (Read 256 times)
TIDOVEE (OP)
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September 19, 2020, 04:21:26 AM
 #1

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?.
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September 19, 2020, 06:25:21 AM
 #2

You're courageous.

I think we can't do anything unless they aware and understand about crypto itself. Introduce or teach people about crypto is not wrong, but if they know you were hold, deal, or make any transaction about crypto in illegal countries... you'll in trouble and the worst part get jailed.

Volatility, high risk, decentralization, often used for crime, and pseudo anonymous (Bitcoin characteristic) make government can't accept as legal tender and have full control of the currency. It's why they ban it to prevent from any issues.

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September 19, 2020, 06:39:37 AM
 #3

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?.
None of these countries are bigger enough to influence other countries to do the same on the other side cryptos are regulated in UK and USA like nations which will make other nations to make cryptos okay to be accepted into their Nations.

We need the people who can understand the technology in the leadership to enable legalization until that it will be a neutral or against conditions.
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September 19, 2020, 07:20:36 AM
 #4

Basically it's only depends on the governments of those countries where cryptocurrencies are still illegal. It looks they're confused to take positive decision on this matter or maybe they're afraid to think that cryptocurrencies can be harmful for the economy unfortunately nobody can convince them it's all depends on the governments of these countries they must try to understand the advantages of cryptocurrencies.
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September 19, 2020, 07:37:16 AM
 #5

It depends on the government's perspective about cryptocurrency since it can be use illegally such as for money laundering and also to avoid tax, also the price of the cryptocurrency are volatile and many people see that this cryptocurrency is a complex one rather than a physical money many people first must need to understand the cryptocurrency before they can use it.

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September 19, 2020, 09:12:37 AM
 #6

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?.

We cannot do much but the community or country where Cryptocurrency is legal can make a big example on how Cryptocurrency is well accepted and running, if countries that are banning Cryptocurrency will see that countries that adopt Cryptocurrency are more progressive, they will relax the ban and the strict regulation.

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September 19, 2020, 09:30:02 AM
 #7

In my opinion, the best way to convince other countries about cryptocurrency is to put cryptocurrency on a positive light. I believe the reason why these countries make cry illegal is because of their intention to protect their citizens. When cryptocurrency is seen as a new world order, they will have no choice than join the movement.
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September 19, 2020, 09:53:59 AM
 #8

You can't do anything to make them accept crypto in their countries but you can hope the crypto trend will be massive and major countries will have started to consider crypto as a legal payment or to be included into the legal jurisdiction.

This will make those countries will be following the major countries as they must also need to follow the development of technology.
It's very interesting to see how that will be happening in the future for sure.

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September 19, 2020, 09:54:20 AM
 #9

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?.
Fighting governments are difficult, they have all the tools, maybe the best weapon is social media and elect officials that support crypto in your country. So I don't think that we can do as much though, look at India, crypto enthusiast fought very hard and brought the case to their Supreme Court and won. However, there are talks in their parliament already that they are going to ban crypto or at least RBI (Central Bank) wanted to overturn it. So it will be a uphill battle.
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September 19, 2020, 10:01:31 AM
 #10

None.

Convincing these countries that sees crypto as illegal is like fighting against the government. At first, they are the ones who will choose if they will accept it or not. There is nothing we can do about it. Hoping?? Maybe but don't expect too much because some governments are banning it for the sake of their countrymen and to prevent them from getting scammed.

I'm thinking that there will be a time where these countries or at least some of them will change their decisions and will accept it. Maybe this will come when Bitcoin is at a higher price already.

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September 19, 2020, 10:07:12 AM
 #11

In my opinion, the best way to convince other countries about cryptocurrency is to put cryptocurrency on a positive light. I believe the reason why these countries make cry illegal is because of their intention to protect their citizens. When cryptocurrency is seen as a new world order, they will have no choice than join the movement.
It is true, but we must be able to show this positive view in real terms to every country in the world, because if we just say it by mouth or through words it is clear they will not believe this, because for those who do not understand crypto in a real The general public will always see it with a negative perspective, so what is needed here is to show positive actions for them so that they can believe in crypto indirectly.
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September 19, 2020, 12:18:29 PM
 #12

Right now we can't do a thing yet but to those government who are not against to cryptocurrencies, then they are playing a big role here in order to show to those countries
that are banning the crypto that they are making a big mistake in their decision. And this will only happen if the countries who fully accept crypto can show that they are progressing that good because of crypto.

Or a certain country can who fully accept crypto can convince the other country to open their countries to cryptocurrencies but as an individual, we can't do that much to change their minds.

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September 19, 2020, 12:25:31 PM
 #13

We need to let it happen by itself because we can not force those countries to accept bitcoin.
We don't know what they will want from bitcoin because they don't give more information about approving bitcoin.
I think they will see that bitcoin will be legal in many countries once they see bitcoin's benefit to their countries.
If you can use bitcoin in your country, you don't need to worry about legal or legal because your government lets you and your people use bitcoin.
I think your government is still learning about bitcoin, or they have another big problem that needs to handle because we are in the pandemic.

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September 19, 2020, 12:32:28 PM
 #14

There is nothing we could do to convince them if they already close their mind about learning it.
The only way to prove to them is by letting them see and understand that it isn't illegal it depends on how the owners use it just like any other currencies that we have,
Every currencies could be used for illegal activities not just crypto so for me they are all equal when they would say that it is illegal currency.



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September 19, 2020, 01:11:04 PM
 #15

You had already said if the crimes towards crypto will decrease in such a country, they will not probably take action on it such as banning.

There's nothing we can do, just wait and hope that they will open their mind that crypto and blockchain technology is very useful when it comes financial system. Yes, that's it, because the government cited often that it's being a threat to traditional monetary systems, they always think like this but the fact, crypto or especially Bitcoin are really no harm.

Just ignore them, we're still thankful that the vast of majority of all most countries are crypto friendly.

BTW, this topic will probably appropriate in Economic board.

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September 19, 2020, 01:32:10 PM
 #16

It is difficult to convince and change a country's opinion on cryptocurrencies. Governments do not like a currency that they cannot control, even for countries that are open to cryptocurrencies, it is also difficult for cryptocurrencies to participate in the financial system.


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September 19, 2020, 01:35:24 PM
 #17

~
Mine is just warning about investing in ponzi schemes. I guess they were aware already of its existence long time ago, but they don't mind to do it at anytime. It's just that some government knows that they can't regulate it fully because coins like Bitcoin is decentralized. Well sort of if you aren't using online wallets.

For illegal countries, I don't think that we can't stop them from banning it. Each country have their own reasons from banning it. There could be due to many money launderers or fear of terrorism.

We just gotta accept that some can't accept cryptos.
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September 19, 2020, 01:40:37 PM
 #18

Is their any thing we can do to make them accept it?.

In our own little way, perhaps we have. I understand that others are saying we can do nothing. They are pessimistic. But don't belittle yourself too much. Don't think you are helpless in the face of your country's negative perception of Bitcoin.

You just continue to shed light on other people regarding Bitcoin. You continue to report scams using the name Bitcoin. You continue to try to explain objectively the characteristics of Bitcoin and how it could possibly make life better for your fellowmen. It is not illegal to appreciate Bitcoin in a country where it is illegal.

After all, Bitcoin is not a crime.
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September 19, 2020, 01:47:15 PM
 #19

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?.
Small individuals like us will have no say in this world, but billion-dollar businesses can. as long as many large enterprises in countries propose to trade crypto through government, they guarantee to pay higher taxes then I think more governments will legalize it soon.
It is important that the demand for crypto business in your country is large, if there is potential then you should create a community to discuss crypto. that is the fastest way to convince.


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September 19, 2020, 01:52:40 PM
 #20

Ideally, i do not think it is necessary to persuade or convince anyone or nation reasons why crypto currency and blockchain is important and legal.

Instead, let the developments, adoption and utilization of the said blockchain and crypto currency continues, when nations around take and use it for ease reasons, other nations would definitely follow suit.

Finally, you cannot let other news sources be a factor in you investing and taking full advantage of the market.

Always dyor
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