First of all, cryptocurrencies =/= blockchain, or blockchain =/= Bitcoin. There are countries where blockchain is much appreciated even if Bitcoin is not. Even a good number of banks are appreciating the blockchain technology, even using them, but they are not in favor of the likes of Bitcoin and other cryptocurrencies. In my local setting, a few banks are already playing with blockchain but a mere mention of Bitcoin or cryptocurrency when opening an account could be enough for your application to get rejected.

My country is favor to the blochchain technology but not favor to the ICOs and STOs. There are now many news and issues about scammers and it is the reason why my country doesn't regulate ICOs and STOs.

Right. And I truly believe there should be no local laws at different paths. It must be world-wide regulation guys

This is also happening in my country. This is the primary reason why the impression developed among ordinary citizens and perhaps even among those who are in the authorities is that cryptocurrency or Bitcoin is some kind of a scheme not much unlike Ponzi; because it is being rampantly used by these illegal schemes. The laws therefore, since they are primarily reflective of these people's very rudimentary, even distorted, understanding of cryptocurrency, are in danger of being against cryptocurrency.

Local laws should be based on the real account or definition of cryptocurrency. Lobbyists should also encourage lawmakers to conduct thorough hearings in which crypto experts are invited to give them detailed briefing about what crypto truly is as well as their true potentials. I remember watching a Youtube video in which crypto enthusiast Andreas Antonopoulos was invited by a Canadian legislative committee to shed light on Bitcoin. This is how it should be done in local countries before crafting crypto-related laws.

Firstly keep in mind, that ICOs/IEOs/IPOs are just a part of crypto-currency, and I respect the recent laws that have been implemented in a lot of countries (even US with their issues with securities) and I think regulating and controlling the crowdfunding scene makes the free money grab, that ICOs used to be a couple years ago, not possible anymore.

Correct - local laws are quite restrictive, especially when it comes to the mainstream adoption of bitcoin, because most governments don't want their citizens to control and have a currency that is almost untraceable and pretty safe to use for illegal stuff.

They think cryptocurrency is a big threat to banks and other financial sector and that's why some government are still not making any regulation about this one aside from banning it. You are lucky if you are in a place where crypto is legal, and in my place you can use it with a regulation especially if you are going to do a legal business but ordinary people can own bitcoin or any other cryptos legally which is more good for all of us. They have to understand this technology, we still need the support of many countries.

Local low policies here are not yet affected to bitcoin or it has no bitcoin related law in my country now , if law will be issued in this coutry I think that is the time that government will start to regulize it too. It is too bad for us ,the anonymity in every transactions will be made as well as there will be more taxes will be put on.

Because they see that bitcoin can be like that because of the blockchain. Therefore they adopted the blockchain and then closed the bitcoin space so that bitcoin interest was low and turned to the coins they made.
I am not at all surprised by such government rules, because basically they want to use the blockchain as a more complex centralization.

Volatility is what prevents the adoption of this technology in markets and places more than daily regulations.
These regulations always play an important role in regulating central transactions and platforms, so it may be difficult to buy these currencies but will not make them impossible.


Inflation and centralization are what give paper money weaknesses, but volatility makes them stronger than Bitcoin.