Post
Topic
Board Economics
Re: Bans on crypto now looks like a joke
by
Cookdata
on 19/04/2023, 22:17:30 UTC
Which country between these two would you rather see welcoming crypto and fully embracing Bitcoin? China? The United States?

I read an article that says that upon the ban of Cryptocurrencies in China over 30 million Chinese are using Crypto in the country.

At this point in Bitcoin and crypto life, Ban is no more an issue it seems, what do you think about this? It's like saying a country ban VPNs where as you can bypass any country's FireWall.

Banning crypto is no more effective on crypto itself, it's now more like a pure joke, I would still like to see the U.S embrace crypto more than China, just my own answer to my question, what about you?

Comparing a Bitcoin ban and a VPN ban is not appropriate as they are fundamentally different. To clarify, when a country bans VPNs, you can still use them on your phone, but doing so would be considered illegal. If caught, you may face fines or even legal charges. However, it is possible to keep your VPN usage hidden since you are the only one using it.

On the other hand, if your country prohibits the use of Bitcoin, you can still hold onto it, but you will not have the freedom to use it as you wish. For example, converting it to your local currency may be difficult. This restriction means that you would have limited options for using your Bitcoin.