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World Countries and Crypto Prohibitions

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The bank wants to offer a market that has been made safe and regulated, instead of choosing a piecemeal ban to protect consumers. However, the Singapore Monetary Authority has also noted institutional interest in trading digital assets, including BTC and Ethereum (ETH) among others.

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You cam access crypto since the ip is not ban on most of the exchange, you can trade with about 90 percent of the exchange we have

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Same here in the Philippines, We are freely to used bitcoin as payment for our bills, buying stuff and foods. You can convert bitcoin to fiat money here in the Philippines and withdraw in banks. It's legal and many people use Bitcoin here and my friends introduce Bitcoin.

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In my country there are still cryptos who want to accept and some who don't. but I've heard that our president said that bitcoin must be learned by the milineers now.

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On 10/23/2019 at 1:14 AM, Mohs3n71 said:

because they cant trace crypto-currencies, they can't receive tax on crypto and they are worry about mining pools that actually can increase the electricity usage so much

It is the main reason also in my opinion. no nation can trace the transections of blockchain. so they can't know the owner of the address and can't implement tax


Bengali?

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We are all hoping that this cryptocurremcy will be freely used in our society like fiat money, some people here are using cryptocurrency but not all knows the cryptocurrency and this is not approved by our government.

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Our land is definitely basic for you to crypto I really am certainly not experiencing just about any matter with all our crypto values and even though undertaking our employment on-line inside the crypto entire world.

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A country that doesn't understand the benefits of cryptocurrencies probably because they've only used crude oil and gold all their live is more prone to a blanket ban on crypto.


Why are you looking for another faucet in signatures like mine, cryptotalk is the best earnings site. 😉

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to access, yes. There is also an official exchnager that provides crypto exchanges to local currencies, but the government has not stated that crypto assets are official and recognized assets by the state and banks. but so far it has been comfortable to use and there has never been a problem with government restrictions.

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in my country the government has no idea what bitcoin is and they are too busy handling other issues that the crypto community goes by without paying taxes.

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Most countries that allow crypto and some of it forbid by reason of money laundering and funding against terrorism, but in my country may use Crypto and there is no prohibition even though crypto in my country has not been legalized.

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On 10/21/2019 at 7:17 PM, cryptokram said:

Nothing to worry about cryptocurrency and Bitcoin. Here in Philippines we can use Bitcoin and other cryptocurrency to paybills and shopping receipt.  Also we have a legal wallet to hold them and send to other person with out a single fee. we can also convert BITCOIN to FIAT and withdraw them through banks and remittance centers. 

It's really comfortable reading where cryptocurrency has become a part of a country. I can imagine the Philippines being a fast-developing country with a good economy because of it. 

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In our country the existence of Crypto Currency is not restricted because I think governments still doesn't care about this existence because only few people I think have an access in Crypto Currency.

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in my country it is not yet decided to accept bitcoin currency but has of now many people in many countries are trading on many platforms and earning good money. But for now everything is going smoothly in future no predictions think positive and go on.

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in my country crypto working fine but officially not legalized maybe in future crypto currencies legalize in worldwide lest see.

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9 hours ago, Naga said:

in my country the government has no idea what bitcoin is and they are too busy handling other issues that the crypto community goes by without paying taxes.

Same as with me. Still take notice that this was happening in every country and suddenly they discovered that a few people were making their living from crypto and started hunting them and taxing everything. I guess this will happen to us as well.

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7 hours ago, adamuidi89 said:

Crypto isn't legalized but we have a lot people that are into Cryptocurrency but we all stay anonymous because financial institutions are against it.

Yes they are against it they might be giving advice since they didn't take any action to ban it

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On 10/21/2019 at 4:31 PM, cryptotalker said:

One of the leading countries in the world in terms of crypto assets and Blockchain is Malta. there people can continue their activities in a comfortable way. (Binance is therefore in Malta)

How are the approaches to crypto in the world and in your country? Is it possible to access crypto assets in your country?

No still not. A year ago in my country restriction was being applied on direct bitcoin trading. Also some of exchanges stop their operations in our country. In future it could be adopted but now there is not

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23 hours ago, BTC Future said:

Same as with me. Still take notice that this was happening in every country and suddenly they discovered that a few people were making their living from crypto and started hunting them and taxing everything. I guess this will happen to us as well.

i dont think i will ever pay the government any taxes on my bitcoin profits neither will i ever disclose my source of income to a bank, they need to allow bitcoin to be used in stores first if they want my tax money.

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8 minutes ago, Naga said:

i dont think i will ever pay the government any taxes on my bitcoin profits neither will i ever disclose my source of income to a bank, they need to allow bitcoin to be used in stores first if they want my tax money.

I don't mean I'm paying taxes out of my bitcoin profits. I mean there are taxes in general I have to pay. Also bills. Perhaps you didn't understand me. I think only a few countries have to declare cryptocurrency profits and trades to pay taxes.

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23 hours ago, gootnice said:

In my country currently can access Crypto, but that is invalid because there are still many pros and cons, the government still has not agreed to Crypto being here, for now I can only exchange my Crypto through the market to then exchange it for dollars.

thats how bitcoin started in most countries but with time it will get better and you will have many whatsapp groups and telegram groups for traders in your country. and if the government got involved then they will tax you so i hope they dont get  involved.

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Now  a days maximum countries are allowing btc and many countries are adopting btc for their banking section. in future it will be allowed for many other countries I think.

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In our country we are allowed to use crypto for some transactions, we are also allowed to do buy and sell, also trading is legal too. Our government allows the use of crypto but they don't recognize bitcoin as a real currency. We are free to use our crypto as long as the activity is legal.

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Malta is a very good platform. But people do not understand that's why they do not use it. I hope we will be benefited by using it.

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I didn't think about it because I didn't face any financial problems in my country. Perhaps this is because I have little money in circulation.

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    • CryptoNews of the Week     – The Republican candidate for the upcoming US elections, Donald Trump, has declared his intention to become the "cryptocurrency president." Speaking in San Francisco, he presented himself as a defender of digital assets and criticized Democrats' attempts to regulate the industry. According to Reuters, Trump raised $12 million for his campaign at an event for venture capitalists from Silicon Valley, organized by Chamath Palihapitiya and David Sacks at Sacks' mansion in the Pacific Heights area. Media reports indicate that executives from the crypto exchange Coinbase, the founders of the Gemini trading platform, Cameron and Tyler Winklevoss, and other industry representatives were present at the event. Intercom CEO Eoghan McCabe shared on X about his participation: "I spoke with six people there. None identified as Republicans. All had voted for or donated to Democrats in the past. Now they support this guy [Trump] for his policies on war, immigration, cryptocurrency, and more. These elections are a referendum on these issues."   – The attitude towards cryptocurrencies will be a key difference between the candidates for the US presidency, Donald Trump and Joe Biden, though neither understands the topic. Billionaire Mark Cuban stated this: "Do you really think [Trump] understands anything about cryptography beyond making money from selling NFTs? Neither candidate understands. But I've often said that Biden will have to choose between [SEC Chairman] Gary Gensler and crypto voters, or it could cost him the White House."  Discussing the upcoming elections on X, ASI crypto-lawyer Preston Byrne noted that Trump's crypto policy is "actually very substantial and well thought out, while Biden's approach is insane and punitive."   – The "Intelligence Authorization Act for Fiscal Year 2025" was submitted to the US Senate on 3 June 2024. On 5 June, Senator Mark Warner's strategic amendment to this bill was published on the social network X, granting the US president new broad powers. This allows the president to "prohibit any transactions between any person under US jurisdiction and foreign intermediaries in digital asset transactions."  Financial lawyer Scott Johnsson criticized the law due to its wide scope. He sees it as an attempt to control digital assets under the guise of fighting terrorism, as the amendments added by Warner are borrowed from the Anti-Terrorism Financing Act.   – Late in the evening (CET) on 12 June, the FOMC (Federal Open Market Committee) of the US Federal Reserve will decide on the dollar interest rate. Historically, such decisions have always significantly impacted bitcoin's price. In this regard, ChatGPT-4o AI was tasked with forecasting BTC's price based on technical analysis and financial analysts' assumptions.  According to the AI, bitcoin will trade in the $68,000-73,000 range. However, a rate cut or hints of an upcoming reduction could push BTC beyond this range. In this unlikely economic scenario, ChatGPT-4o predicts the leading cryptocurrency will trade between $73,000 and $75,000 or higher.   – Over the past few days, the crypto market leader has lost nearly 10% in value. Many experts believe this is due to investors' concerns that US inflation will remain high for a long time. Under such conditions, a quick easing of the Federal Reserve's monetary policy is unlikely. Enthusiasm was also dampened by the fact that spot bitcoin ETFs broke a 19-day streak of investment inflows. On 11 June alone, industry funds lost nearly $65 million. MN Capital founder and analyst Michaël van de Poppe noted that investors are acting more cautiously ahead of the FOMC meeting on 12 June. He does not rule out that seller pressure will persist in the near term. Under such conditions, bitcoin could correct to $65,000. However, van de Poppe does not expect a deep price drop, as significant liquidity is concentrated around the $60,000 mark, indicating strong support, and positive dynamics could be supported by geopolitical instability.   – Traders note that "digital gold" has recently been trading within a narrow range of $66,000 to $72,000. One popular market participant considers the lower boundary an ideal entry point, while entry at the upper boundary carries high risk.  Despite recommended caution, over 70% of the crypto community participants in several surveys believe BTC is on the verge of continued growth. For example, a trader nicknamed Captain Faibik is confident that bitcoin is preparing to break out of the "expanding wedge" technical analysis pattern. Breaking above its upper boundary, in his opinion, will open the way for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer.  Community participants also point to the activity of large investors as a sign of BTC's growth potential. Whales, according to crypto industry representatives, are actively taking long positions in bitcoin. Cryptoquant CEO Ki Young Ju noted that the $69,000 level has become particularly attractive for large investors.   – By the end of 2024, the first cryptocurrency will be worth between $125,000 and $135,000, according to BitGo CEO Mike Belshe. He believes that one of the catalysts for bitcoin's growth will be the high level of US national debt. "Our macroeconomic climate continues to confirm the necessity of bitcoin. Without a doubt, the US national debt is out of control. […] This situation supports the idea that bitcoin is the gold of the new generation," Belshe said.  He also noted that the US dollar is losing its position as the world's reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a tool for manipulation. "Thus, the US national debt crisis is one thing, foreign policy and sanctions control is another. And BRICS is providing alternative payment systems. […] This is the story of why bitcoin exists," he concluded.   – The new Binance CEO Richard Teng, who succeeded Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the launch of spot BTC-ETFs traded on stock exchanges. This has strengthened trust in the asset, and retail traders and institutions no longer perceive it as risky. The Binance CEO also suggests that cryptocurrency legalization is possible if Donald Trump is elected president of the United States. Declaring himself a "crypto president," Trump stated in May that the US should lead the global crypto industry.   – The self-proclaimed first resident of Bitcoin City, American Corbin Keegan, left El Salvador without seeing his dream city begin to take shape. In November 2021, El Salvador's President Nayib Bukele announced plans to establish a crypto settlement. Upon hearing this news, Keegan left Chicago and headed to the South American country to become Bitcoin City's first resident. However, his patience eventually ran out, and he returned home.  The project's implementation was likely frozen due to a lack of funding. Bukele wanted to raise the necessary funds through the sale of "Volcano Bonds." These securities were planned for release in Q1 this year, but for various reasons, they did not see the light of day. Notice: These materials should not be deemed a recommendation for investment or guidance for working on financial markets: they are for informative purposes only. Trading on financial markets is risky and can lead to a loss of money deposited.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/
    • Cardano Node 9.0 будет запущен в июне и подготовит платформу к форку Chang   Cardano Node 9.0 будет запущен в июне. Это обновление подготовит платформу блокчейна к долгожданному форку Chang. Основатель Cardano Чарльз Хоскинсон сообщил об этом событии на X. Хоскинсон отметил, что хардфорк может произойти после того, как 70% операторов стейкингового пула (SPO) установят новый узел. Это приведет Cardano в эпоху Вольтера, ознаменовав состояние полной децентрализации — огромную веху для сети и всей индустрии блокчейнов. Хоскинсон назвал это самым значимым событием в истории Cardano.   Хоскинсон описал путь развития за последнее десятилетие, заявив, что создание Cardano было похоже на строительство нации. Он выразил гордость за сообщество и оптимизм на будущее. Хоскинсон считает, что Cardano дает надежду отрасли и всему миру, и призвал всех оказать значительное влияние в следующем десятилетии. Три дня назад основатель прокомментировал несоответствие между восприятием СМИ и реальным прогрессом Cardano. Он раскритиковал криптовалютные СМИ за непризнание достижений Cardano.
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