Post
Topic
Board Bitcoin Discussion
Re: Now it's an all out war : Government Vs cryptocurrencies
by
arpon11
on 15/07/2019, 07:25:16 UTC
Hey

We all know how President Trump Tweeted about the Libra and Bitcoins , how they aren't Money and all .

https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin

Now there is a statement how they are proposing companies to stay away from the digital currencies .

https://www.reuters.com/article/us-usa-cryptocurrency-bill-idUSKCN1U90NL

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
https://gadgets.ndtv.com/internet/news/bitcoin-ban-india-cryptocurrency-law-10-year-jail-2049939

We have already seen how China banned Bitcoins so did many other countries...

I think it's an all out war right now 
Government Vs Bitcoins.

Except for the countries who support Bitcoins.
This is expected since the beginning and don't expect governments to welcome any technology that is going to take control of money and finance from their hands and put it in the hands of the citizens. The USA President statement on bitcoin to his millions of follow is premeditated and the aim was to deal a heavy blow on the cryptocurrency market but the market doesn't respond too much and that is why I am happy and it is a pointer that many people have started to believe in Bitcoin than the government's directives. In India people are still investing in bitcoin, China still has the largest mining farms and I believe Bitcoin and cryptocurrency are here with us.