Post
Topic
Board Altcoin Discussion
Re: Do you fear the president of your country, one day, making Crypto illegal ?
by
Finestream
on 21/11/2020, 13:12:07 UTC
I don't mean only America, what about in your country; do think that a future ban on crypto currencies is ever possible in your country?
I don't think about it at all. Because still crypto currencies are banned in our country. I think a developed country will never ban cryptocurrency. Developing or third world country may ban cryptocurrency. Because they do not have the technology to regulate it. And if a country bans cryptocurrency, it should not be a problem. Because the total system of cryptocurrency is anonymous.
I don't think it's a technological problem. This is more about people's readiness to use the crypto function itself. when everything migrates to crypto but society cannot keep up with changes it will be difficult for the country to manage optimally.
If the government will regulate, the flow will continue, just like what we are experiencing in the crypto space, slowly adoption is happening until people were able to learn and adopt with the new decentralized system, that's the same thing would happen, as long as the government are regulating crypto, people will not hesitate on using it.