Quote from: Su-asa on July 07, 2024, 05:38:20 PM

Quote from: VicManton on July 07, 2024, 03:00:40 PM

We have seen how and where the governments are heading with how they are treating cryptocurrency exchanges. If this industry could make a living for the youths and our leaders a clamping down on it for whatever reasons they may have and we can see that it where technology is heading, what do you think will become of it in the future, won't they ban it totally? And people who are moderators and crypto ambassadors, tech guys developers, how will they survive, can people coming behind still make crypto a career.

The truth is we don't know the future, we don't know if the government well totally ban crypto currency or not but I know that crypto currency is not owned by any government and crypto currency (Bitcoin ) is anonymous but it's transactions are transparent. Government can't ban it totally, just in Nigeria we know how hard government have been manipulating crypto currency users (Bitcoiners) but still we are doing Bitcoin, investing, trading and some people are using it to gamble. No body can tell what will happen in future but we know that government can only manipulate Bitcoiner but can't short down Bitcoin because it's uncontrollable, the price keeps fluctuating and this is what makes the government more scared about crypto currency.

They can't ban cryptocurrency they can only restrict it. It is difficult to comprehend the approach the government can take on cryptocurrency. However, a complete ban is unlikely but regulations on cryptocurrency can be expected. It has happened and gone cool, it and still happen again and that is why we need to watch out for it. The reasons for the regulations are more likely to be based on money laundering, tax evasion, financial stability and anything other than this is a personal reason which means a strategy for money embezzlement. However, if embezzlement is the plan, then they will tag it under any of those concerns mentioned.