Cryptocurrency Ban: Draft Law Proposes 10-Year ...

Cryptocurrency Ban: Draft Law Proposes 10-Year Jail for Dealing in Bitcoin, Other Cryptocurrencies

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Deja Vu

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What kind of bloody moronic decision that would be!

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Deal Cadet
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So should we sell our coins now at loss and exit the market permanently??

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Puchka wrote:

So should we sell our coins now at loss and exit the market permanently??

1] it isn’t a law yet.

2] we don’t have a particularly high record of law monitoring, enforcement or conviction.

3] in general, all such subjective barters of money with cryptosystem is based on perceptions. till perceptions are sympathetic, it would work.
these things definitely won’t ever be half as accepted as bullion or gemstones. and may even get replaced with some other new “fad”.

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Deal Cadet
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It’s difficult to say if we need to exit now as the law hasn’t come to force yet. But something like this is definitely expected by all the countries for the mere fact that these type of currencies are just aren’t their control.

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