Hello Guys. These days bitcoin has reached a new high like never before and for sure many governments are are taking notice on it.
I'm from algeria and in the new 2018 county finance rule they labeled cryptocurrency transactions as illegal and that happen also in morocco and other countries i believe . the reasonby was that crypto could be a way of moneylaundring for criminals .therefore my question is ,if most of the countries made dealing with cryptocurrencies illegal, would that mean the end of it ?
No , it will not be the end , Think about it throughout that what is possiblities with the Cryptocurrency , any country can make rules to use or not to use the cryptocurrency like things but they can't stop the Network of the bitcoin or another coins , so people will be able to use the cryptocurrency even after the ban .
And also here another thing is to think that why the countries government will ban the bitcoin while they can make big earnings by the tax of the use of cryptocurrency by the public , Japan , America are exampl e of it .
So by taking into consideration these two factors there is chances to ban the cryptocurrency use may be 1% or less , but whatever happen in the future leave it now , and enjoy the earnings and convert your bitcoin in small small amounts into fiat.