You are viewing a single comment's thread from:

RE: Can Crypto Still Be Banned? Is It Truly Unstoppable?

in LeoFinance3 years ago

I think that if they want to ban, they may succeed in the first stage. And in the second stage. And in the third stage. But it will be what is in between the 1st, 2nd and 3rd stages that will grant access to cryptos.
I still remember where a huge streaming platform was banned, at a level that visiting that page the FBI symbol compared. But now, with hundreds different dominion extensions available, also the most navigated streaming platforms are jumping from one domain to another in just a few hours.
Something similar happened in Venezuela a few years ago, where United States Dollar was difficult to purchase (banks wanted to keep USD for theirselves and not selling USD for Bolivars that was falling in value). Gold was easily seizable. So Local Bitcoin came in to rescue the situation. And here again the chart of volumes back in that days

Local Bitcoin Venezuela.jpg

So, I guess that when CBDCs will be launched
I talk thoroughly about CBDCs in this video

they will try to limit the access to Exchanges and to Wallets. And at that point, a drop in users and accessibility may be seen.

Anyway, this is more or less what I think about governments banning cryptos

image.png

Shall we, altogether, try to merge our ideas to create some innovation?