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Is this why, most countries still hesitate on adopting Crypto

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I have also heard a lot about the deep web and another web that is dark and has taken this name the dark web. These are places where bad things can happen and they have markets for guns and other illegal activities. The news I watched were talking about using Bitcoin in them and other coins for privacy. I think these markets are damaging the name of Bitcoin and we can help Bitcoin by not ever visit the deep web and the dark websites that are illegal.

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While it is true that there are currencies that allow them to be used in a non-tender manner and the yellow news benefits from them, I think Bitcoin will soon enter all world markets.

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On 9/1/2020 at 7:57 PM, Swapzone said:

That's the point! Sice Bitcoin transactions are anonymous and irreversible, it is also used for illegal activities. That is a reason for many countries not accepting it.

well even USD is used for illegal things but we dont go around saying the USD should be banned, humans will use anything for good/bad, but that doesnt mean crypto is bad but rather the people are.

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Over time, attitudes toward governments improved.  Because if someone becomes a scam, no government can catch the thief.

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On 9/25/2020 at 4:17 PM, ajabe2 said:

There is not a way to control cryptos centrally.  The countries have their own banking system and they have full control of there central bank. Cryptocurrencies on the other hand are a peer to peer transaction without the middleman. But the attitude towards them changed for the better with time and in many countries you can use cryptos without any problem.

the upsides we see in crypto are considered downsides for governments because they will lose their credibility if we all started using just crypto and not banks, the money flowing outside of the banking system will be dangerous to governments.

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that is true , actually i believe that this reason comes above all the other reasons that people say because it gives the criminals more security  and we can't blame  the governments for considering crypto as illegal because they don't have control on it , even though we don't want them to have control on it because it will cause huge loses to us so this problem still hard to find a solution for it 

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I have read the same reports and it is known that crypto is used in dark web. It is also the reason some countries don't want crypto but I don't think they can do a lot about crypto as it will keep being used. Instead they should try and locate the websites.

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If on the deep web they pay a lot with cryptocurrencies and the most used is bitcoin, with it they pay on that website, maybe that's why cryptocurrencies are being used to buy illegal things, so maybe the countries still don't want to use the  cryptocurrencies.

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In my opinion, the main reason is not the problem of illegal or dark web, but the rules that regulate and determine the circulation of money around the world, namely the government. Everything depends on the government in a country, if the government is not regulated by other financial systems, of course cryptocurrency can be adopted throughout the world.

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On my personal opinion that all the countries will not adopt the crypto currency  ,the reason behind is that no one is controlling the crypto market and it's price also we have to pay taxes on the every transaction. And the government wants taxes on these policies. But in crypto we can easily made a transaction and the third party is not involved. That's why many countries is not adopted these cry markets. Thanks KS my friend warmly for this kind of information.

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Main reason is just the scammers and the scammers will break the market trust that is the main reason that most of the peoples will not trust this great market and they are not invest their money in it.

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That may be true, cryptocurrency cannot be adopted for various reasons, one of which is the news that crypto is a payment for illegal transactions. Transactions that cannot be traced make cryptocurrencies often used as illegal transactions, especially those using privacy coins and the deep web, the government cannot identify these types of transactions, therefore many prohibit them.

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Before  crypto adoption at deep web the dark web was active and dealing in banking transactions. Which cause many banks scandals. But no-one blames them  for crypto anonymity it's still can trackable in blockchain and FBI is tracking them. Crypto is just defame because  of dark web Connectivity.if this problem is resolve crypto become legal. 

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I think that this is not the reason but just an excuse they have. The real reason for governments not wanting to adopt Bitcoin is they don't want to lose control. Not in the slightest. This is something they long for. Power is corrupting and not allows politicians to think correctly.

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I really have no idea what the deep web is, I had not heard of that topic, but if it is illegal I do not think it is advisable to occupy it perhaps for security reasons well I think.

Edited by Michar1
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But friend, even if they don't adopt and even if the countries ban all cryptocurrencies these people will still be able to use them. Banning doesn't mean they will watch everything you are doing and confiscate your Monero once you try to send them somewhere. It is not possible unless they ban the internet too. So instead they should regulate and allow cryptocurrencies. This way they can tax trading with a reasonable tax and use this tax to hire security experts and find the criminal websites locations and the criminal themselves. There is no other way to do this, and banning does not stop the interest but may also increase it.

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Deep or dark web i do not consider it a reason for countries to delay in accepting crypto rather a cover up for the real reasons which i think it is the real reasons why government does not want to accept crypto.

These reasons are such as;

  • fear of losing financial control
  • fear of losing taxes
  • Fear of governments transactions to be shown in the public ledger.

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There are a lot of risks and threats to consider before the government starts adopting and implementing crypto currencies to their countries. It would be dangerous enough if they were to go and let the cryptocurrency flow.

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I am think it can be this with the many illegal online activity that are use some of them the cryptocurrency for the shady business and bypass of laws. Most are unworthy and deserve to be in jail but there are some markets that maybe sell some things that are not illegal in some countries and I am not judge or be support them but drugs are not everywhere illegal.

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There are  many reasons why many countries hesitates to accept cryptocurrencies in thier countries many government thinks that it's not legit and because of the scammers as this is not lime fiat so scammers are not traceable. And other is they thought that thier orignal currency mean fiat could collapse.

And his fluctuations every day can be the reason also.

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Basically there are three available surface web deep web and the dark web I think you have read it wrong article the main illegal work is done in the dark web . All the countries have abandoned the dark web and it is completely illegal. if you get access to dark web are you a member of the dark web then you will be caught by the police in any country and it is completely illegal. as all the deals are done through the cryptocurrency on the dark web so most of the countries hesitate to assess cryptocurrency in their country.

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Hello everyone I think this is is a organization which could stop that's why government will not approve it but I think if is going to last for ever government should adopt it is going to help many people around the world at large. Adopting it will boost that country economy 

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Lately there is a change and perhaps we will see countries to start accepting crypto more while some will remove bans. It is how it happens as there is acceptance from investors that are big funds in the markets and can move positions of governments into adopting new technologies. It wasn't rational for many countries to have banned Bitcoin so this will change.

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I think you have a point there and one of  the reason is because of the anonymous features that bitcoin offers in term of transaction during trading. Well deep web may also be among the major reason behind the adoption of these precious coin and lastly I think paper money is the most prefer currency world wide. @Jaafar Fahad Hassan

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31 minutes ago, The Game said:

I think you have a point there and one of  the reason is because of the anonymous features that bitcoin offers in term of transaction during trading. Well deep web may also be among the major reason behind the adoption of these precious coin and lastly I think paper money is the most prefer currency world wide. @Jaafar Fahad Hassan

@The Game paper money is the best and is the currency accepted more in the world now , cryptocurrency is yet to obtain that level, it a gradual process though

 Countries fails l to accept cryptocurrency with various reasons ,and I believe one of the main reason is because they can't have control over it and also because of the fraudulent activity involved in it

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Some slowdown was shown by the PMI for the services sector – from 55.0 to 52.9, and the composite PMI – from 54.1 to 53.0. However, despite this, all these indicators remain above the 50.0 mark, separating growth from a slowdown in activity.   Certain concerns are raised by the UK labour market. Statistics published in early June showed a spike in jobless claims – by 50.4K in May after 8.4K the previous month. This is the largest monthly increase since the first COVID lockdowns. Before the pandemic, the last such spike was during the 2009 recession. Moreover, the unemployment rate for the February-April 2024 period rose to 4.4%. Of course, historically, this is a low level, but it is the highest in three years.    The next Bank of England meeting will be held on Thursday, 20 June. Analysts generally forecast that the interest rate will remain unchanged at 5.25%. This forecast is supported by the slowdown in inflation decline rates. Additionally, there is a significant increase in UK wages (+6.0%), which could push prices up. This, in turn, reduces the likelihood of the British central bank transitioning to a softer monetary policy in the near future. The start of QE may be delayed until September or later.   The BoE's tight monetary policy creates prerequisites for future demand for the pound. Meanwhile, last week, GBP/USD was driven by overseas data. On US inflation data, it broke through the upper boundary of the 1.2700-1.2800 channel and rose to 1.2860, then, following the FOMC meeting results, it fell and broke through the lower boundary, dropping to 1.2656. The week ended at 1.2686.   The median forecast of analysts for the near term is somewhat similar to the forecast for the previous pair. In this case, 50% of specialists voted for dollar strengthening, 25% for a northern trajectory, and 25% remained neutral. As for technical analysis on D1, the picture is also mixed. Trend indicators are evenly split 50:50 between red and green. Among oscillators, 60% point south (a quarter signal oversold), 20% look north, and the remaining 20% remain neutral. In case of further pair decline, support levels and zones are 1.2575-1.2600, 1.2540, 1.2445-1.2465, 1.2405, 1.2300-1.2330. In case of pair growth, resistance will be encountered at 1.2760, 1.2800-1.2820, 1.2865-1.2900.   Besides the mentioned Bank of England meeting on 20 June, including its interest rate decision and subsequent press conference, it is necessary to note Wednesday, 19 June, when fresh consumer inflation (CPI) data for the UK will be released. Friday, 21 June, also promises to be interesting. 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However, it promised to present a plan for their gradual reduction at the next meeting in July. "We decided to subsequently reduce the volume of our purchases [within one to two years] to ensure more free formation of long-term interest rates in financial markets," the central bank statement said. At the same time, the regulator announced that it would gather market participants' opinions before making a specific decision.   The deposit rate for commercial banks was also left unchanged – officials unanimously voted to keep it in the range of 0.0%-0.1%, as expected. From this, experts once again concluded that the BoJ would not rush to tighten its quantitative easing (QT) monetary policy.   The French bank Societe Generale believes that given the pressure from the government due to the weak yen, the most likely scenario will be a reduction in bond purchases starting in August, with their purchases decreasing every three months and reaching zero by November 2025. Additionally, according to Societe Generale economists, the BoJ may raise the discount rate in September this year.   Of course, USD/JPY could not ignore such events of the past week as the US CPI figures and the Fed meeting: its fluctuation range exceeded 240 points (155.71 at the low, 158.25 at the high). However, the five-day result was not so impressive: starting at 156.75, it ended at 157.37.   Experts' forecasts for the near term look like this: not a single vote was given for the pair's southern movement and yen strengthening, while the remaining votes were evenly split: 50% pointed north, and 50% remained neutral. As for technical analysis, all trend indicators on D1 are coloured green. The nearest support level is in the 156.80-157.05 zone, followed by 156.00-156.10, 155.45, 154.50-154.70, 153.10-153.60, 151.85-152.15, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance lies in the 157.70 area, followed by 158.25-158.60, 160.00-160.20.   No significant economic statistics releases for Japan are scheduled for the upcoming week.   CRYPTOCURRENCIES: The Present and Future of Bitcoin Depend on the USA     In the absence of independent drivers, the crypto market has recently followed the dollar, which in turn follows the Fed, which follows the macro statistics from the USA. BTC/USD is like scales, with the main cryptocurrency on one side and the US dollar on the other. The dollar became heavier – bitcoin became lighter, and vice versa. On Friday, 7 June, strong statistics on the US labour market were released – the dollar became heavier, bitcoin lighter. On Wednesday, 12 June, it turned out that inflation in the USA was decreasing – the dollar weakened, bitcoin became heavier. And in the evening, the Fed calmed the markets regarding the interest rate – and the scales swung back. Just look at the BTC/USD and Dollar Index (DXY) charts – the inverse correlation leaves no doubt. In recent days, the flagship of the crypto market has lost about 7% in price. And the reason for this is the aforementioned monetary policy of the US Fed. Enthusiasm was not added by the fact that bitcoin-ETF inflows broke a 19-day streak. On 11 June alone, industry funds lost almost $65 million. The reasons are the same. They can be supplemented by the upcoming summer holiday season – a period of correction and lull in financial markets.   Traders note that recently, "digital gold" has been trading in a narrow range between $66,000 and $72,000. One of the popular market participants considers the lower mark an ideal entry point, while entry at the upper boundary of the range, in his words, carries high risk. MN Capital founder and analyst Michael van de Poppe does not rule out that pressure from sellers will persist in the near future. In such conditions, bitcoin may correct to $65,000 and even lower. However, van de Poppe does not expect a deep price drop. According to him, a large amount of liquidity is concentrated around the $60,000 area. This suggests that this level now acts as a strong support area, and positive dynamics can be supported by geopolitical instability.   According to surveys, more than 70% of the crypto community believe that BTC is on the verge of further growth. For instance, trader Captain Faibik is confident that bitcoin is preparing to break through the "expanding wedge" technical analysis pattern. According to him, breaking its upper boundary will open the path for the cryptocurrency to rise above $94,000. Trader Titan of Crypto, in turn, expects bitcoin to reach $100,000 this summer. The growth prospects of BTC are also indicated by the activity of large investors. According to industry representatives, whales are actively entering long positions on bitcoin. Cryptoquant CEO Ki Young Ju clarified that the $69,000 level has become particularly attractive for large investors.   New Binance CEO Richard Teng, who replaced Changpeng Zhao, believes that bitcoin will soon exceed $80,000. Teng associates the potential new high with the work of spot BTC-ETFs, which have strengthened trust in the asset. The Binance CEO also allows for the legalisation of cryptocurrency if Donald Trump is elected President of the United States. Declaring himself the "crypto president," Trump said in May that the USA should lead the global crypto industry.   However, at present, cryptocurrency regulation measures are in the stage of development and implementation, which restrains investments. According to experts, current investments should be considered test cases. It should also be noted that spot ETFs have attracted significant liquidity only in the USA – there is no similar interest in most countries.   According to billionaire Mark Cuban, the attitude towards cryptocurrencies will be a key difference between US presidential candidates Donald Trump and Joe Biden, although neither understands this issue. "Do you really think [Trump] understands anything about cryptography other than making money from selling NFTs?" Cuban asked. And he answered himself: "Neither of [the candidates] understands. But I've said many times that Biden will have to choose between [SEC Chair] Gary Gensler and crypto-voters, otherwise it could cost him the White House."  According to Bitfinex crypto exchange analysts, bitcoin's price could rise to $120,000-125,000 within a few months to half a year. Similar figures are named by BitGo crypto trust company CEO Mike Belshe. In his opinion, by the end of 2024, the first cryptocurrency will cost $125,000-135,000, and one of the catalysts will be the high level of US government debt. "Our macroeconomic climate continues to confirm the need for bitcoin. Undoubtedly, US government 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 reserve currency due to US foreign policy. The BitGo CEO believes that the country uses the dollar as a weapon and a means of manipulation. "Thus, the US debt crisis is one, foreign policy and sanction control is two. And BRICS offers alternative payment systems. [...] This is the story of why bitcoin exists," he concluded.   At the time of writing this review on the evening of Friday, 14 June, BTC/USD is trading at $65,800. The total crypto market capitalisation is $2.38 trillion ($2.54 trillion a week ago). Bitcoin's capitalisation has reached a solid $1.30 trillion, which, as experts warn, reduces the effect of future inflows. Pessimists say the asset is already "overheated," and to reach $125,000, its capitalisation must almost double. In their opinion, such a colossal influx during the overbought period is unlikely, so one should expect a correction and subsequent consolidation. The possibility of such an outcome is also hinted at by the Bitcoin Fear & Greed Index: over 7 days, it fell from 77 to 70 points and moved from the Extreme-Greed zone to the Greed zones. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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