Cryptocurrencies illegal?

[geoffreycelen]

Bitcoin or I can say cryptocurrencies are going to be more popular day by day. But the next thing is some countries ban cryptocurrency, recently Zimbabwe also bans it.

 

[MrWilliamChui]

I feel like they are trying to get rid of it to stop all of the shady deals that people are doing with cryptos since they are basically untraceable.

Would we say that the same "shady deals" happen using fiat as well? Is cryptocurrency the only means of such happenings?

 

[camosoul]

It's already functionally banned everywhere that is imposing capital gains on it.

There can be no further development in such an environment, and the current feature set isn't good for anything but Tulips. That's the whole reason DASH was created... But as soon as it was, along came the IRS to make sure development was moot... The objective being to cause stagnation and a bad public opinion. Add in a bunch of misinformation and propaganda... IX is useless, as would any other money that required you to maintain such inane and pointless records.

It's not an accident that cryptocurrency was singled out for this this very particular abuse. They're looking for a very particular result. And they got it.

The ol [ann] thread sh!tcoin scams of days past have been reborn as ICOs; because running scams is all that's left to do since legitimate development has been wiped out.

 

[Winner]

Would we say that the same "shady deals" happen using fiat as well? Is cryptocurrency the only means of such happenings?

Blockchain technology was created with an idea of fixing and saving all the transactions' story, so the question is what do they want? I recon, world elite is just afraid of losing its power