Quote from: AmoreJaz on November 25, 2019, 08:45:44 AM

Quote from: samcrypto on November 25, 2019, 05:23:43 AM

Quote from: BlackboardTrade524 on November 24, 2019, 09:07:59 PM

Crypto Currencies is facing local law policies many where: Local law can be a barrier for many countries to accelerate the blockchain industry. I read the sentiment of many people where the bitcoin or concurrency is not legally authorized but they are very much excited to use this technology. I think, a global revelation only can bring those countries to be inspired.

They think cryptocurrency is a big threat to banks and other financial sector and that's why some government are still not making any regulation about this one aside from banning it. You are lucky if you are in a place where crypto is legal, and in my place you can use it with a regulation especially if you are going to do a legal business but ordinary people can own bitcoin or any other cryptos legally which is more good for all of us. They have to understand this technology, we still need the support of many countries.

or better yet, the government is not making any regulation because they don't know the nature of crypto or bitcoin. they don't fully understand the structure and concept of it. so how can they regulate for something they are still ignorant of?
they need to seriously get involved or deal with crypto or blockchain to fully understand its ecosystem. otherwise, they will regulate the use of crypto for the sake of regulating it but not understanding its technology. with such action, they might implement rules that are not appropriate or redundant.

Maybe this is the reason in some countries. But as for the country where I reside, crypto has actually become the topic in the news and social media talks before but the government remains neutral up until today. This discussion has been brought their attention up to the president and they don't give any attention as they want to focus on other important things.
The government chose not to involve in crypto due to a lot of major issues in the country that are much important to finish than to discuss it.