Quote from: olubams on October 15, 2018, 06:39:10 PM

Quote from: sell100 on October 15, 2018, 11:46:31 AM

Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator

The outgoing chairman of Hong Kongâs securities regulator has â unlike China â ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kongâs Securities and Futures Commission (SFC) is drawing plans inâ¦

Read more:
https://www.trackcoinmarket.com/en/crypto-news/33567/total-ban-crypto-exchanges-unnecessary-hong-kong-regulator

This is exactly what has been said by everybody in the crypto community for those who are not oblivious of the reality we have to face. Any country that goes the way of total ban as a means of is only showing forth the extent of their ignorance rather than the show of strength that they believe they are doing because in the near future they would realise that other countries that they have made their model have been developing behind the scene leaving them to grapple with manual way of doing things.

Many countries are only seeing the disadvantages that cryptocurrencies will cause them but it is also true that cryptocurrencies can bring a lot of benefits and like at the individual level the countries that adopt cryptocurrencies the fastest are going to be the ones that obtain the most benefits, this is why Japan has adopted cryptocurrencies so fast, they understand that in the future that is going to help their economy.

I really think that Japan has adopted cryptocurrencies in part because of its huge national debt problems and they are seeing cryptocurrencies as a way to increase their economic activity and the taxes they can collect so they can finally eliminate part of that huge debt they have been holding for decades.