Quote from: Lucius on Today at 10:37:44 AM

However, as always for ordinary people, this does not have to be a problem because the BTC transaction does not require the approval of the government or any politician, and those smart will always find a way to continue trading with BTC and stay under the radar.

The rules in the gulf countries are very strict and they have severe punishments if you are caught so people won't take risks although smart people find some ways to bypass these restrictions.The fines are also huge that if someone is trading in it they will impose certain amount that can be huge for the accused.

Quote from: Ucy on Today at 04:32:27 PM

This bullish for Bitcoin as it's a decentralized, censorship resistant and independent system, hence won't be affected.
Now concerning the humans who could possibly be affected by this... punishments for using Bitcoin for payments or investments may only be possible if Bitcoin is bad, if they use it for something immoral/illegal, if they pay with bitcoins that are somewhat dependent on the system they control or if they buy/sell things that rely on the system. This is just an idea for those who wish to safely navigate a lawless system that tries to prevent them from using things that are good and permitted for responsible people to use.

See the concept is that being decentralised bitcoin don't need approval of any third party but still the usage for it will push forward the demand and if all countries start taking such actions against it people won't be able to use it although there could be ways to overrule this but still risks are associated with it so we need more adoption for it but bitcoin is the leading way to having custody of your funds which is what governments fear losing control..

They will always push forward the excuse like used for illicit activities like Kuwait government has of money laundering keeping in mind the transactions can be traced if used without mixing service but what about fiat? It's simple to do crime with it as digital money can be blocked but not fiat but it's their money and legal tender so it doesn't matter a lot to them.