The prohibition of cryptocurrencies can have negative economic consequences

in #bitcoin7 years ago

Canadian block business and technology apologist Don Tapscott is convinced that South Korea can destroy its economy if it decides to completely ban the cryptocurrency industry.

Source: Pixabay

The prohibition of cryptocurrencies and ICO is a practice used by dictators and non-democratic countries. That policy will lead to economic collapse.

The radical measures for new technologies, caused by fear, are not new, however, according to Tapscott, they always led to a slowdown in the growth of the national industry.

Earlier it was reported that the South Korean Justice Minister, Pak San-Guy's statement on the bill to ban the exchange of cryptocurrencies was called a mockery of the opposition by the citizens of the country. It is worth noting that 200,000 Koreans signed a petition.

Sort:  

Hello brother, your post is excellent, ask me why I have a time to spend on my blog, Regards.

Hello friend, your post is very good I hope to have you soon by my blog I have some new posts that may be of your liking. Greetings.

buen post bro, una pregunta como te consigo en facebook.

congratulations for your post friend!

Of course they do not suit them, it is the fear that all people have economic fluidity, it is a liberation not to be dependent and that is where they tremble and each time they will fight more to disappear the cryptomoneda, to continue to be centralized and to be the only ones authoritarian!

This post has received gratitude of 2.47 % from @appreciator thanks to: @joseluismejia.

You are a good support to cryptocurrency news in steemit!

Hola mi estimado amigo José Luis. En verdad las criptomonedas son armas de doble filo desde la perspectiva política, que hay países dictatoriales que las prohíben y esto tiene repercusión negativa para el sistema global.
Sin embargo yo creo que esos efectos negativas son pasajeros, son de causa psicólogica, y en el largo plazo se impone el filo de la libertad.
Un fuerte abrazo desde Chile!!!

Good job Jose. Nice job! Greetings.