Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#1

Post by kkcorps » Thu, Sep 02, 2021, 6:55 PM UTC

No post body was provided.

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#2

Post by garbagecoder » Thu, Sep 02, 2021, 7:05 PM UTC

US, strongly doubt we will ban it unless there is some major event. However, expect we will strongly regulate it and soon.

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#3

Post by ourcat » Thu, Sep 02, 2021, 7:36 PM UTC

I think countries are more likely to eventually all have their own 'native' coin.

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#4

Post by kkcorps » Thu, Sep 02, 2021, 7:36 PM UTC

garbagecoder wrote: post #2

US, strongly doubt we will ban it unless there is some major event. However, expect we will strongly regulate it and soon.

Yes, if they had to ban it they would have done it by now. I guess only heavy taxation on gains can be expected. Do people in US have to pay taxes on Crypto gains currently?

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#5

Post by kkcorps » Thu, Sep 02, 2021, 7:37 PM UTC

ourcat wrote: post #3

I think countries are more likely to eventually all have their own 'native' coin.

So once they have their native coins, will they ban popular crypto currencies?

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#6

Post by 248ff » Thu, Sep 02, 2021, 7:54 PM UTC

No, they'll just continue to tax and (increasingly) regulate the exchange of crypto-currencies.

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#7

Post by kkcorps » Thu, Sep 02, 2021, 8:01 PM UTC

248ff wrote: post #6

No, they'll just continue to tax and (increasingly) regulate the exchange of crypto-currencies.

Are you talking about US?

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#8

Post by 248ff » Thu, Sep 02, 2021, 8:53 PM UTC

kkcorps wrote: post #7

248ff wrote: post #6

No, they'll just continue to tax and (increasingly) regulate the exchange of crypto-currencies.

Are you talking about US?

Norway.

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#9

Post by ashwagary » Thu, Sep 02, 2021, 11:40 PM UTC

kkcorps wrote: post #5

ourcat wrote: post #3

I think countries are more likely to eventually all have their own 'native' coin.

So once they have their native coins, will they ban popular crypto currencies?

They may try but they will fail because CBDC's are inferior money when compared to undebasebable and private non state controlled alternatives.

Re: Ask HN: Will the country you live in ban cryptocurrencies in near-future?

#10

Post by kkcorps » Fri, Sep 03, 2021, 10:23 AM UTC

ashwagary wrote: post #9

kkcorps wrote: post #5

Earlier quoted context omitted.

So once they have their native coins, will they ban popular crypto currencies?

They may try but they will fail because CBDC's are inferior money when compared to undebasebable and private non state controlled alternatives.

Will people use something that is banned though?