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I'm not aware of any threats by developed countries to ban citizens from interacting with cryptocurrency networks. It seems like the trend is quite the opposite
by everfree 5y ago
I'm not aware of any threats by developed countries to ban citizens from interacting with cryptocurrency networks. It seems like the trend is quite the opposite, actually: Most countries are clarifying and tightening up their regulations to ensure legal cut-outs for exchanges and other crypto related money service businesses.
If anything, countries might want to ban mining due to its environmental impacts, but as you illustrated, there are plenty of countries for mining operations to move over to, resulting in a game of cat-and-mouse that at its very most impactful might help catalyze the move from Proof of Work cryptos to Proof of Stake cryptos. I just don't see any future where all crypto is largely banned.
Where is this threat of legal action I'm not seeing?