Post
Topic
Board Economics
Re: When the government forbids cryptocurrency
by
Burogh
on 14/12/2018, 00:50:49 UTC
When the government forbids cryptocurrency

In my country, the government is gradually apply internet and cryptocurrency control decrees. Previously, they banned direct Bitcoin transactions. Currently, they are banning crypto-related bank transfers. And of course, ICOS is also gradually banned .
Initially, they said they would not ban crypto and bitcoin. But now their actions show that they do not want crypto to exist.
Is their purpose not to secure crypto investors? They are trying to make it their own
They see huge profits being lost for themselves
And when the internet management program took place in my country, maybe I could not come up here to share my views like this. So sad


Its happen in many country. Government wont lose control on money supply and they afraid people will prefer choosing cryptocurrency for transaction rather than fiat money. Most government reason ban bitcoin because afraid used for illegal activity but i think thats not a real reason because fiat money most used for illegal activity