1
Cryptocurrency discussions / Re: Can governments crack down on crypto?
« Last post by Tribalchief on Today at 02:27:02 AM »Government is really big in many countries, not all governments are accountable to the people or elected based on democratic principles. I don't want to go deep into this, but governments can really make crypto suffer a lot of negative impact, for example, the Nigerian government has successfully turned that country into a dangerous place for crypto companies
I hope that governments will become friendly and treat crypto fairly in order to get taxes and people's support. Spot BTC ETFs are clear evidence of BTC acceptance in the US - the world's largest economy, and it is having a very positive impact on BTC price. We need more similar events like that for crypto to develop better, have a more important position in the economy.
One thing we need to understand as a crypto community is that cryptocurrency and governance cannot work together, especially in countries where many government are not accountable and matters are easily swept under a carpet. I state this because I believe most governments fear the independence and wealth opportunities cryptocurrency provides to the people. When people are financially free, they can be less subject to those above them, which makes most governments strictly against it. Thanks to El Salvador for recognizing the true potential of Bitcoin and other cryptocurrencies because they understand how important it could be for their economy in general.