Quote from: sheenshane on January 19, 2021, 11:01:53 PM

Quote from: OpenCryptoSystem on January 19, 2021, 07:37:16 PM

Ok what if one day SEC will ban all bitcoin ?

They can ban exchamgers like binance to deal with btc
They can ban all the mining activity.
The kyc they force on people are all ready bad

Its dictorship faschist nazi control now !!

I think China was already doing this but nothing happens, you can't completely stop people from using Bitcoin, they can hide and becomes anonymous and protect their privacy. SEC has nothing to do with it, even IF they will ban Bitcoin but there is still an alternative way to hold and own Bitcoin.

SEC in the US and SEC Chairman Jay Clayton explained how they regulate Bitcoin.

Quote

"We determined that bitcoin was not a security, it was much more payment mechanism and store of value"
“We did not regulate bitcoin as a security,”

SEC Chairman Jay Clayton Explains US Crypto Regulation, Calls Bitcoin a Store of Value.

Privacy is ours to keep. It is your sole responsibility if you wanted someone snooping into your butt. Or you can look at other coins that provide privacy and anonymity. Everything is at your hands only you can decide for it. Bitcoin is more of a store of value than a payment mechanism, soon enough price will stabilize and so as regulations.