Post
Topic
Board Bitcoin Discussion
Re: Can we all please accept..
by
bug.lady
on 01/02/2018, 14:09:07 UTC
Most of the governments? Excuse me but so far we see only a few countries (maybe 3-4 or 5) thinking not to ban cryptocurrencies but to regulate.
China has stopped ICO and not Bitcoin: yes and I think it's good, honestly, most ICOs are crappy. So in the end, it helps cryptocurrencies to not get the cryptos tarnished by a bad reputation

it doesn't have to be full on banning bitcoin. standing against bitcoin can simply be a set of very hard regulation rules, huge taxes, lots of registration and document submissions,... practically making it harder and harder to get involved with cryptocurrencies and mostly the businesses will take the hit. but they simply relocate to a crypto friendly country as it has happened before.

Facebook made a similar move recently: to ban ICO ads, because as LeGaulois sais they are crap (mostly at least). And people argued that it whatsoever doesn't define the general stance of Facebook towards cryptocurrency which is favorable.

I would argue the same holds for countries (FB is as large as many a country, to be exact). You would expect reasonable countries to ban or at least heavily regulate ICO crap to protect their citizens, while they may maintain a favorable general stance towards crypto.