Bitcoin Showdown With Governments Could See It Banned—But Markets Don’t Care The Bitcoin value rediscovered its shape the day past with a four% acquire at the day. Lately sees a continuation of that shape, as consumers controlled to damage $k resistance. Bitcoin could be banned before reaching full potential The online publication the Daily Hodl recently revealed that Ray Dalio, the founder of hedge fund firm Bridgewater Associates, said that he believes governments will outlaw Bitcoin (BTC) if its success is too great. Jun 25, · Chinese regulatory authorities had imposed a ban on initial coin offerings (ICO), a cryptocurrency-based fundraising process, and termed it illegal in .
Btc markets bannedCan a country actually ban Bitcoin? - Decrypt
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What Is a Crypto Airdrop? A cryptocurrency airdrop is a marketing stunt that involves sending free coins or tokens to wallet addresses to promote awareness of a new currency. Dalio clearly knows his stuff, and there is a precedence set already with gold.
From to , the US made it illegal for citizens to own over a certain amount of gold to prevent gold hoarding. It was done to push citizens increasingly toward paper dollars that were at the time losing purchasing power. Back then, the law was difficult to enforce, and only a few cases where gold buyers were prosecuted exist. Another reason that would make a war on Bitcoin far more challenging, is because it lacks a physical form. The lack of a physical form and cryptography makes it difficult to confiscate.
Also, time is running out on any chance of that happening at all, the more major companies like Square, Inc, MicroStrategy, and billionaire hedge fund managers put their capital behind it. According to news reports, the Bank of Thailand ruled bitcoin illegal on July 29, Bitcoin businesses have been able to conduct business and get licensing, but the ban technically is still there, if not in practice currently.
Back in February of , Vietnam banned the virtual currency bitcoin for use by credit institutions, citing its ease of use for criminal purposes and its high risk for investors. While not officially banned for personal use but discouraged.
This seems to be the most common thread in nation-states throughout the world. If not, at least you have a choice. Can these countries come around to a more progressive view of bitcoin? What country may join this list? Share above and comment below.
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