If a country bans bitcoin, investors will move away
In Puerto Rico, there is no tax on crypto. You can hodl and then once you are a multimillionaire you can just go to puerto Rico and retire. If a country bans crypto or excessively taxes it, bitcoin holders can just move, depriving the country of tax revenue and business while the crypto friendly country receives business, capital, and potential tax revenue. This means there is a price to being crypto unfriendly. A country does so at its peril. Countries don't matter anymore. The people don't bow down to countries anymore. Countries bow down to the people now. Unless every single government in the world launches a coordinated attack on crypto, there is no stopping crypto.
What will happen if your country bans bitcoin after buying?
Suppose from today the government declares Bitcoins as illegal in your country then any kinds of exchange of Bitcoin become illegal. All trading platform and companies have to be shut down within given time by the government. But before taking any legal step towards banning bitcoin. The government will definitely consider the loss of investor and companies. To recover the loss, the government will provide some ultimatum to trading companies to return users investment and make an exit from the market.
Segwit2x is the REAL Banker takeover? Maybe that's why China and other countries banned Bitcoin and Ico.
https://np.reddit.com/btc/comments/743qb8/is_segwit2x_the_real_banker_takeove Segwit2x is the REAL Western Bankers takeover. Heres the break down So, to recap: DCG's Board of Directors and Advisors is almost entirely made up of Central Bankers including one currently sitting Member of the Federal Reserve Bank of New York and another who was Chief Economist at the World Bank. The CEO of the company spearheading the Segwit2x movement (Barry Silbert) is an ex investment banker at Houlihan Lokey. Also, Mastercard is an investor in the company DCG, which Barry Silbert is the CEO of. The company overseeing development on Segwit2x, Bitgo, has a product/service that seems to only have utility if transacting on chain and using 0-Conf is inefficient or unreliable. Segwit2x takes power over Bitcoin development from core, but then literally gives it to central bankers and Mastercard. If segwit2x goes through, BTC development will quite literally be controlled by central bankers and a currently serving member of the Federal Reserve Bank of New York.
[uncensored-r/Bitcoin] These countries banning bitcoin
The following post by goody718 is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7hy2y5 The original post's content was as follows:
Correct me if I'm wrong. But BitCoins being banned in some countries is crucial.
This has to happen for it to be adapted as the stable international currency for which it was intended. All that happens if a country bans Bitcoin is money doesn't come in to their country. All the while, it remains as the cheapest way to transfer money, something the country cannot stop.
Correct me if I'm wrong. But the use of BitCoins being banned in some countries is crucial to it's use as an international currency.
This has to happen for it to be adapted as the stable international currency for which it was partially intended. All that happens if a country bans Bitcoin is money doesn't come in to their country. All the while, it remains as the cheapest way to transfer money, something the country cannot stop.
As more information has arisen over the years, many countries have lifted the bans and even put regulations to oversee bitcoin use. Some countries, however, have stuck with the bans. Others have only recently introduced restrictions on the use of virtual currencies. Here is a complete list of countries that have banned crypto use as of 2020. Pakistan. In April 2018, the government of Pakistan ... Bitcoin has been banned in Ecuador since June 2014—making it one of the first countries in the world to issue a Bitcoin ban. However, unlike some of the other countries with Bitcoin bans, Ecuador’s decision wasn’t necessarily based out of desire to restrict its population per se. Rather, it was borne out of a misguided belief that the government could create its own digital currency and ... Banking Ban – Even though there’s a lot of Bitcoin mining happening in Canada, there is a Canadain banking ban on cryptocurrency. Colombia Illegal – In 2014, the Columbian government’s Superintendencia Financiera issued an implied ban and warned financial institutions that they may not “protect, invest, broker, or manage virtual money operations”. Countries Where Bitcoin is Banned. China. China is planning to ban Bitcoin January 8, 2017 by Bright Titan. China bans Bitcoin, leading to drop in value December 6, 2013 by PCR. China Bans Bitcoin December 6, 2013 by Payment Cards. China bans Bitcoin, lowering the ceiling of the currency’s potential December 5, 2013 by Extreme Tech. People's Bank of China Bans Bitcoin Over 'Drugs and Guns ... Currently, just a handful of countries place an outright blanket ban on Bitcoin—and prohibit interacting with, owning, or using the cryptocurrency in any shape or form. These countries include Algeria, Ecuador, Egypt, Nepal, and Pakistan. Several others, including Saudi Arabia and Taiwan, have also introduced a partial ban on the cryptocurrency, typically blocking financial institutions from ...
How Thailand and Other Countries are Regulating Bitcoin
https://nomadcapitalist.com/2018/08/19/most-crypto-friendly-countries/ Where are the world's best countries from cryptocurrency traders and investors? At Nom... Countries That Have Banned Cryptocurrency. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next ... Top 5 countries you can travel on Bitcoin Wanderers Travel Guide Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works ... Enjoyed the video? Support the Editors: Donation Link (https://goo.gl/CEQLue) "Top 10 Countries Friendly to Bitcoin (in no particular order)" is presented by... Russia taking drastic steps to Ban Bitcoin. In this episode we discuss the situation and talk about Bitcoin Price. WATCH LIVE DAILY: https://ivanontech.com...