Post
Topic
Board Altcoin Discussion
Re: Your Country and Cryptos
by
poochoorookooy
on 14/03/2018, 08:12:06 UTC
I'm curious, how big are cryptos in your country? Are they still collectively referred to as bitcoin, or do news reports and local media actually dive into their merit and the difference between coins, projects, companies etc. I'm from Canada and most of the current news is wavering between reports of malware installing mining agents and the Canadian Security Exchange cracking down on ICO sales.
The government of my country, they don't like cryptocurrencies, they said that cryptocurrencies are high risk of losing money and bubbles assets. Although they don't ban usage of cryptocurrencies to be traded on local exchanger, however cryptocurrencies are considered as something dangerous as instrument of investment in my country, but the community of cryptocurrencies grows up day by day.

In my case, it's not like the government doesn't like, it's just that the government is being cautious in promoting the cryptocurrency market because the central bank has been very doubtful of the market because of how volatile and unpredictable it is, plus the news that many people have been scammed or victimized by shady characters involved in this market, so I can't blame them for being cautious. But, I could also say that a lot of people are really supporting the cryptocurrency market and are always looking forward of the good changes it can bring.