Ask HN: Will the country you live in ban cryptocurrencies in near-future?

Posted by kkcorps on Thursday September 02, 2021 @02:55PM
from the ask-hn dept.

( 10 comments | 4 points | on HN )

Re:Ask HN: Will the country you live in ban cryptocurrencies... by garbagecoder on Thursday September 02, 2021 @03:05PM (#28395998)

US, strongly doubt we will ban it unless there is some major event. However, expect we will strongly regulate it and soon.

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by kkcorps on Thursday September 02, 2021 @03:36PM (#28396383)

Yes, if they had to ban it they would have done it by now. I guess only heavy taxation on gains can be expected. Do people in US have to pay taxes on Crypto gains currently?

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by 248ff on Thursday September 02, 2021 @03:54PM (#28396575)

No, they'll just continue to tax and (increasingly) regulate the exchange of crypto-currencies.

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by kkcorps on Thursday September 02, 2021 @04:01PM (#28396660)

Are you talking about US?

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by 248ff on Thursday September 02, 2021 @04:53PM (#28397221)

Norway.

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by ourcat on Thursday September 02, 2021 @03:36PM (#28396377)

I think countries are more likely to eventually all have their own 'native' coin.

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by kkcorps on Thursday September 02, 2021 @03:37PM (#28396395)

So once they have their native coins, will they ban popular crypto currencies?

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by ashwagary on Thursday September 02, 2021 @07:40PM (#28398741)

They may try but they will fail because CBDC's are inferior money when compared to undebasebable and private non state controlled alternatives.

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by kkcorps on Friday September 03, 2021 @06:23AM (#28402405)

Will people use something that is banned though?

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Re:Ask HN: Will the country you live in ban cryptocurrencies... by ashwagary on Friday September 03, 2021 @05:51PM (#28409826)

Yes. Stopping the state from debasing your nestegg/savings using a banned money is a risk people will consider worth taking.

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