In countries where crypto is "banned" (illegal for mainstream use), do you think people will still use it? In such an scenario, it's possible on-chain criminal activity (mainly money laundering, terrorist financing, etc) will rise. To prevent detection, it's likely both criminals and average people will use a privacy-oriented coin such as Monero or Zcash. Bitcoin will be the least used cryptocurrency due to its transparent design. But I could be wrong.
I think that bitcoin is used more than privacy-oriented coins in money laundering. Yes, bitcoin has best transparency system, but in this case, money launderers use mixing services.Quote
What do you think? Will people still use crypto in a country where it's prohibited to do so? Or will they be afraid? What if all of the world's countries turn against crypto (which is very unlikely atm)? Will market prices go all the way to $0?
Your input will be greatly appreciated. Thanks in advance.
Have you heard the country name Bangladesh? I am from there, and yes cryptocurrency is fully banned in our country. I am on this bitcointalk forum and many people from my local community are on this forum.Your input will be greatly appreciated. Thanks in advance.
Moreover, I saw in a survey that about 4 million people from my country are involved in cryptocurrency. Now understand by you self that how much people in my country are interested in using cryptocurrency. And I think once this space started it has no brake no one can control it so it will never goes to zero in the future.