What Happens If Some Countries Ban Cryptocurrency?

In the past week we heard the news about South Korea to ban crypto currency but only a day after that its been denied by the authorities. but some of you may ask what happens if a country ban crypto currency. well it did happen a few months ago when China banned the local exchanges to trade cryptocurrencies. the price of Bitcoin fall to 2900$ from around 5000$ but only 2 days after started to grow fast why?

It’s so simple, The cryptocurrencies are decentralized. Its not just a big word Its a proved fact. No one can stop them and no one can control them. when China banned crypto trading the Chinese people rushed to Korean exchanges to trade over there caused the Bitcoin price in Korea to rise 30% above other places in the world and that’s why coinmarketcab excluded Korean exchanges from its price measurement recently.

From the other hand decentralized exchanges are growing fast and also sites like local Bitcoins which is a peer to peer Bitcoin trading. We also have apps that can send/ receive Bitcoin via SMS without internet connection!

Even if governments filter sites and exchanges one can easily pass through the filters using proxy and vpn. there are also projects like Substratum and Tron trying to bring new age of decentralized internet to life. So if governments are smart like Japanese to let the people enjoy financial freedom they can benefit from that too if not they just create black market in their countries and the local price goes up! The cryptocurrencies are spreading fast around the world and no one can stop this process its a one way street!