It is pointless to prohibit bitcoin

Threats of world governments to ban cryptocurrency have led to the fact that the number of users of digital currency has only increased. Even harsh measures against citizens by the authorities were not enough.

It is pointless to prohibit bitcoin

Recent cryptocurrency bans by the South Korean government have shown the world the failure of the authorities to control bitcoin in their own foreign exchange market. In countries where democracy flourishes, the leadership of the countries only negatively tuned the people to the current government, providing support for the opposition, which immediately took advantage of the situation. As for South Korea, that is, the premise that the minister who tried to ban cryptocurrency will be removed from his post.

In North Korea, the cue ball is officially banned, but statistics say otherwise. The highly developed technologies of the DPRK allow users to mine cryptocurrency and participate in the market by trading digital coins. The government is in no hurry to tighten control over its own citizens, since the banking structure of the country receives dividends on the back of Bitcoin.

In Brazil, Indonesia, Nepal and Vietnam, the cryptocurrency ban resulted in massive protests that were picked up by radical parties trying to seize power in the country. The heads of state hastened to loosen their grip, as no one wants to lose their seats due to bitcoin.

The question remains Israel, which is interested in developing its own banking infrastructure and owns capital around the world. The transition to digital currency entails a reduction in the income of capitalists, however, the instability in the country and the constant threat from the Arab world, restrains the authorities from pressure on their own people.

The methods of dealing with cryptocurrency are still primitive - turning off the Internet, seizing the equipment of exchanges and profit taxes are not yet effective, because it is easy to circumvent bans. But Bitcoin users are confident that many governments are developing plans to tame the digital currency, so you should always be on the lookout.