Crypto Bans - the flipping effects

duhh

The effects of the Chinese cryptocurrency move should be a very big lesson to everyone watching, it basically encompasses a lot concerning the effects of authoritarian rules, the outcomes are often least expected, and unless you are watching, you won't realise it. I figured more than 29k famous domains are blocked in mainland China, this includes Google, YouTube and pretty much all the domains you can think of. The reasons are all being politically driven, the Chinese government is then in position of the most out of place rule, with all this madness therein, it's easy to assert their authoritative body would push the adoption of a digital yuan, but I don't expect that to work out as planned!

^{Crypto clampdowns mount in Asia as authorities ponder bans}

This holds some amount of truth, including the popularity effects that follow the bans imposed by authoritarian regimes. This is no different from crypto and the fintech around it, in the long run, it's difficult to not believe this wouldn't be the most explosive innovation. A couple of days ago, there was a buzz about the Chinese government building a metaverse but claiming it has nothing to do with crypto, isn't it crazy? I mean the first effect of building these copycat systems is increasing curiosity.

When people become more and more curious, this will have an effect on research, the numbers on added information quests will be on the rise, and guess what you'd see first on your course of research? Crypto

If we look at it, China being one of many authoritative nations ain't able to totally stop the utility of these networks, it says they are the number one Nation with authoritarian regimes with the second largest economy, but if China can't stop it, but in retrospect, pump the interest level, who do you think can? Or better question; what effects do you expect when a couple more take this wrong decision?

We can at least expected a couple more Nations to join in this move, I mean it's already happening;

duhh

^{The Pakistan Telecommunication Authority has been requested to ban more than 1,600 crypto websites by the Federal Investigation Agency (FIA). The action followed a complete crypto ban recommendation by the central bank, the State Bank of Pakistan (SBP). Meanwhile, the country’s science minister said that the government intends to “regularize” crypto in the country.}

Regulate - Ban, what's the actual difference?

Though English would disagree with my assertion that both mean the exact same thing, but when you're dealing with the government, in an attempt to understand the system more and more, we'd realise two are very much the same.

^{In addition, “Qureshi revealed that a list of individuals involved in the trade of cryptocurrency is being prepared,” the publication conveyed. He added that “These people will be arrested” when cryptocurrency is banned in Pakistan.
Furthermore, Qureshi said that action will be taken against individuals who promote cryptocurrencies in Pakistan. “These people are on the agency’s radar and soon an action will be taken against them,” the director was quoted as saying.}

Arrest a trader just because he chose to trade crypto? Why aren't Forex traders arrested? Why are the stock market investors not arrested? Or are we just turning blind eyes to the fact that stocks, shares and all that have quite the similarity with Crypto? Just better with its simplified design.

The fact that these crypto companies all have currencies that act as shares, with much more utility built around it, isn't something the world will be looking to sleep on. I mean look how many people know how the stock market works, or how the foreign exchange works, that's a number many are not interested in. Turning eyes to how the Crypto network grows, we'd realise it's a totally amazing new experience.
The governance system is much different, the opportunities are numerous, the utility is ever expanding, this gives these networks the ability to adjust and grow beyond limitations, there's basically no stop point with Crypto and Blockchain Technology. The more bans we can get rolling in, the sooner we should expect this shit hitting the masses.

Ultimately, crypto education is what needs to be pushed across and we'd be positioned for a whole new phase of the economy and governance system…