![]() For example, where cryptocurrency can be used to circumvent capital controls, or where dissidents can be funded despite being cut off from their local banking network,” he told. “Yes, we are likely to see further attempts by countries to ban cryptocurrencies, particularly where cryptocurrencies are perceived to threaten state control. Particularly when it comes to more authoritarian governments. Banning the internetįor Nick Du Cros, the Head of Compliance and Regulatory Affairs at major European digital asset investment firm CoinShares, it’s likely only a matter of time before we see Bitcoin (BTC) and crypto bans in other nations. And in parallel, governments will come to appreciate that a regulated crypto market will be a net positive to the nations they govern. Indeed, numerous analysts suspect that once the crypto market matures and new regulations are introduced, the threat of actual bans will increasingly diminish. There’s no doubt that most governments and regulators tend to view cryptoassets more as a negative than a positive, yet are a significant number of them actually going to take the China route and ban crypto altogether? While commenters speaking with agree that many nations may introduce quite stringent regulation sooner or later, most will stop comfortably short of outright prohibitions. ![]() While the likes of the United States and the EU are lining up legislation, other nations such as China and Turkey are implementing various bans for the crypto industry, raising the question of whether others may follow suit. "Our hope is that other countries realize the benefits that these crypto networks can provide."Ī regulatory reckoning is coming for crypto."Truly banning them would mean banning the internet as well.". ![]() "We are likely to see further attempts by countries to ban cryptocurrencies.". ![]()
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