The fate of countries that ban cryptocurrencies

[trauchot]

Unfortunately, many countries still do not want to cooperate with cryptocurrencies and therefore they block all possible actions with cryptocurrencies on their territory, but this is of course a matter of time when most countries will understand that cryptocurrencies are the future and therefore we should not get very upset, because the time will come and everything will be on its places.

[mohdelayo]

The truth is many of these countries that at a point in time place ban on cryptocurrencies due to one or more reasons eventually come to overturn their decisions, we have seen that happen in top countries such as China, Russia and India but they all overturn their ban. Cryptocurrency has a very bright future, any enthusiasts can tell that.

[bigcash2011]

Obviously if they ban blockchain tech and crypto they are themselve opting to stay back so be confident that sooner or later these countries will also allow and encourage the tech to prosper and bring ease for people at large.

[Freemind]

I sincerely believe that the fate of those countries that ban cryptocurrencies are nothing more than dark interests to have absolute control over the population. You can call me a conspirator if you want, but a country that does not allow its citizens to have a better life is a country that only seeks "slaves." Governments must know that the path of humanity cannot be to ban everything that does not interest a few powerful.

[Bit]

I personally don't want to think about it because as long as I can utilize and get earning from crypto, it is enough. But sometimes, it will also give influence the crypto market prices. Especially those big countries such as the USA, China, Russian, Japanese, or others. The bad issues related to crypto from those countries can lead to a drop in prices. While good news can trigger a big increase in a short time.

[Stuart]

For now, the use and functionality of the blockchain technology is not yet cleared and understood by the government sectors of every countries. Though, when it becomes accepted in every country, the banks will have issues with this, cause of the benefits that will not be getting to them. It will be fun when it is generally accepted and the price fluctuation will be reduced a lot.

[TOP_ETH]

I don't know what the future benefits are, towards financial freedom, let's unite our determination to be accepted by everyone, of course with an introduction, so in my opinion, maybe people think differently

[viki]

I am sure that the countries that will prohibit cryptocurrency will significantly lag behind in development, since cryptocurrency is our future, new technologies and developments.

[Alcor]

Obviously if they ban blockchain tech and crypto they are themselve opting to stay back so be confident that sooner or later these countries will also allow and encourage the tech to prosper and bring ease for people at large.

Nobody will prohibit blockchain technology. I do not yet know of a single country where the government has a negative attitude towards blockchain technology, and even more so prohibit it.
Here we are talking only about the prohibition of cryptocurrency, moreover, a decentralized cryptocurrency. While states and their governments have not yet fully decided how to relate to cryptocurrency, you should not expect anything significant from them. They can legalize cryptocurrency, but they will not actively support it. Those states that now prohibit its circulation must change their mind over time if the bulk of states legalize it.

[emmybd]

All governments want to control financial situations of their countries. They just want to ban cryptocurrencies, as they can't control it and properly tax it. Despite that they are planning to issue their own crypto, so that they can properly regulate it and tax it.

[Sammy9ce]

Government always want to monitor financial situations of the country. The ban is because of the fear in them, they know they'll lose access to people's account statuses do they ban cryptocurrrncies to keep track. Is just too sad they don't know what they're missing. The earlier they realize the better.

[Pheonyx]

I don't worry much about countries which do not accept cryptocurrency because there have been instances where countries ban cryptocurrency and reinstate it later when the governments of those countries get to understand the concept and significance of the Blockchain technology and cryptocurrency to the country.

I don't believe that the reason of reinstating crypto after banning is the caused of realization how important crypto is.  I'm pretty sure that it is just about causing the coin dump and they will fill their bags.  After doing it they announced about reinstating.

[Fenix]

I am sure that the countries that will prohibit cryptocurrency will significantly lag behind in development, since cryptocurrency is our future, new technologies and developments.

So far, we are unlikely to find research on this topic. We cannot say with certainty whether these states will lag behind those who have adopted and legalized cryptocurrencies. However, we can already say that countries in which cryptocurrencies are prohibited are, as a rule, countries with a majoritarian form of government, where human rights are not respected and where governments do not want to provide their citizens with the necessary freedoms and the right to freely communicate with the outside world. As a rule, such countries are already lagging behind others in economic development.

[Freemind]

Most governments that say they are going to ban cryptocurrencies tend to do so out of ignorance and fear of the unknown, it has always been this way, not only with cryptocurrencies. Some time later, when they really realize what cryptocurrencies are, after several studies and meetings with experts and advisers, governments realize that they can take part of the pie by collecting taxes, and that's when they love cryptocurrencies.

[jhm]

Countries don't "need" cryptocurrency, and this statement may hurt a lot of feelings. Countries that actually "need" it, are countries with poor banking systems such as Venezuela. If those countries don't improve their banking systems, then it becomes inevitable that external methods for transacting become increasingly popular