Is crypto ban possible

For many years now, there has been a lot of talk about cryptocurrencies. The government has not taken action at all until recently and even now, it seems that the cryptocurrency might be able to live in some countries of this world.

A lot of countries have already banned cryptocurrencies and the First country that has officially banned cryptocurrencies is China. So there is no doubt in my mind that with time many countries might follow the China in banning Cryptocurrencies .

It’s either the worst nightmare of cryptocurrency users or the best joke ever: The United States sees it has a chance to ban Bitcoin and other cryptocurrencies in the near future.

Read between the lines and you will see that Washington is worried about US citizens using Bitcoin and other cryptocurrencies to evade taxes and launder money.

Cryptocurrency has become a new way of conducting both legal and illegal business transactions. This makes it a threat to the conventional monetary system, but also to those in power.

In early December, the Commodities Futures Trading Commission (CFTC) requested comments on a possible federal ban of cryptocurrency derivatives trading. One of the first comments came from New York-based lawyer Brian F. Keane, who is an advisor for anti-taxation organization Fair Tax, which campaigns for eliminating all federal taxes in the United States.

Is crypto ban be possible - can europe and America ban crypto?

In the year 2018, bitcoin came to the world. In the whole world, it is used by many people and many countries.

It’s used in the U.S, Japan, South Korea and in many other countries.

Many of the countries are trying to stop its use. But it is not possible to stop it because its use is very easy and everyone is using it very easily.

The united states of America is not at all supporting cryptocurrency because they are not able to control it. They are also not able to collect taxes from this crypto. It’s giving a lot of freedom for its users and for crypto users.

They have banned crypto in many states in the united states like New York state, California, Texas and many other states. But rules are not effective there are still many investors who are investing in crypto currency in this area because rules are very easy.

The fact is from the point of various countries of the world that the crypto bans are very much possible especially due to the fact that the government officials have no idea about what is actually happening on the blockchain and how it is actually helping in streamlining the payments and other transactions. Many of them consider digital currency as some sort of scam and so they are trying their best to ban it from their respective countries.

The European Union is currently trying to impose regulations on the digital currency and therefore, there is a big chance that it may eventually ban crypto. It may either ban it or may regulate it. The United States is also not far behind to follow the suit because most of their officials do not want any interference from outside sources.

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