Post
Topic
Board Bitcoin Discussion
Re: Lawyer in my country said: CAN NOT BAN BITCOIN
by
Kemarit
on 24/01/2018, 16:06:53 UTC
It can not be banned, because it does not fall under the four conditions that can be enforced by the provisions of the Constitution 2013 and the Investment Law 2014. The law only prohibits the risk, not the opportunity, even though it is extremely risky.
It's great!!!

Bitcoin is not a technology but a product of Blockchain technology.



Well I must agree that it doesn't fall on Investment Law of 2014. However, governments around the world are desperately trying to fight bitcoin through heavy regulations that it somewhat make this law useless. Take for example, South Korea, I'm sure that you heard that they are contemplating a full ban, however, because of the clamor from the public, they decided to just put heavy regulations around it. This regulations is so strict that not even the Investment Law could not protect bitcoin. Here's the link so that you will understand it: (https://news.bitcoin.com/korean-crypto-exchanges-share-data-with-banks-new-account-system/).

They might not ban it, but for me it will defeat the very purpose of bitcoin and crypto, (tax purpose, pseudo-anonymity and no third party in between). Tell your lawyer in your country and see what's his take on this.