Hey bitcoinflood, Just to let you know that its not only China and the US that are flexing their muscles. I currently live in Tonga but do my crypto business through Australia and Hong Kong, so my experiences can not be a direct comparison (but I think that in the current climate it is interesting to have an understanding of how things are developing in different parts of the world as ultimately I think there will be a more homogenised standpoint from different national authorities). Recently I, and everyone else who uses the on-ramp exchange that I use in Australia, received a communication instructing us NOT to put any message in the transaction record box that related to, bitcoin / cryptocurrency / or even the name of the exchange (it is a reputable exchange that has only provided an excellent service). The reason that they sent out this instruction was that they had been made aware that some banks had been putting a stop on any transactions that had such information contained in the message box. About a week or so prior to this the POLI service (a direct fiat transfer service operated by the Australian Postal Service, that many of the Australian exchanges use), stoped its service to these exchanges. With regards to JP morgans stance, I except your rational regarding people gaining access through their credit cards to invest in very speculative assets is not a good thing as, in my opinion, you should never get yourself into debt to invest, but does this also mean that from now on JP Morgan will stop people going into a casino maxing out their cards on chips and then blowing them all on the black jack table?? I don't think so. With regards to China banning all crypto currency advertising on its social media, I think that this is a direct comparison of what mark Zuckerberg is doing with Face Book, and hopefully if will reduce the amount of scam ice etc. I actually think that China is hard on crypto at the moment as they are simply working out how to handle it, I truly believe that it is highly unlikely that a nation that is so set of eccomonic imperialism is going to let an opportunity such as Blockchain tech slip through their fingers, but in any case the sooner all this FUD and friction is reduced the better. Anyway thanks for the post Cheers J
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Greatly value your input here and insights thank you! You bring up a number of good points such as that in gambling and also it is very interesting to hear the going ons over in Australia as well. Cryptocurrency is worldwide and everyone's input into it means a great deal.
Exactly!!!, but do you think thst the governments can stop bitcoin?
They could just the way things are anymore a majority of people don't stand up to their governments and bad actions anymore its a real shame. They are to occupied by other things.