Crypto markets can exist without government permission

[dekafee79]

If we are indeed considering a decentralized network then there should be nothing to interfere them with the role of government in making regulation for them, but some of these crypto networks are also not decentralized, this is one of the means that the government use in getting then under their watchlist and apprehend them under their regulatory control, this is total out of the context of us having privacy or the required financial freedom because the governments are going to frustrate the crypto entities not decentralized with regulations.

Actually the world of crypto is a freedom, why do we think about government support for crypto. Even without their support and regulation, Bitcoin still survives today. The government should require crypto transactions, where they can take our taxes and transactions

[Etranger]

Actually the world of crypto is a freedom, why do we think about government support for crypto. Even without their support and regulation, Bitcoin still survives today. The government should require crypto transactions, where they can take our taxes and transactions

It is freedom indeed, however, this freedom is full only within the frames of crypto world itself. At the stage of withdrawing cryptocurrency, exchanging it for fiat money and converting it into material, tangible assets, it is impossible to avoid the issue of regulation and the government’s position towards the cryptosphere.

[0t3p0t]

Actually the world of crypto is a freedom, why do we think about government support for crypto. Even without their support and regulation, Bitcoin still survives today. The government should require crypto transactions, where they can take our taxes and transactions

It is freedom indeed, however, this freedom is full only within the frames of crypto world itself. At the stage of withdrawing cryptocurrency, exchanging it for fiat money and converting it into material, tangible assets, it is impossible to avoid the issue of regulation and the government’s position towards the cryptosphere.

Exactly. If the government in a specific country will implement a full banning on crypto it means inaccessible because they may block all possible access to it. If that scenario will happen we need to move to other countries just to take our profit and convert it to fiat. It would be better if they coexist alongside each other I mean fiat and crypto plus neutral or fair regulation of the government is enough for us enthusiasts to take part in this industry conveniently.

[Mr. Magkaisa]

If we are indeed considering a decentralized network then there should be nothing to interfere them with the role of government in making regulation for them, but some of these crypto networks are also not decentralized, this is one of the means that the government use in getting then under their watchlist and apprehend them under their regulatory control, this is total out of the context of us having privacy or the required financial freedom because the governments are going to frustrate the crypto entities not decentralized with regulations.

Actually the world of crypto is a freedom, why do we think about government support for crypto. Even without their support and regulation, Bitcoin still survives today. The government should require crypto transactions, where they can take our taxes and transactions

         -   The other government is already doing what you are saying, mate, in my opinion, while the other local exchangers that are regulated under the government are the users who are already getting taxes, to my knowledge.

Then there are other exchangers that can also operate here in our country that have not come under the regulation of our government but have existed for several years, although at the moment there is a bit of an issue because our SEC agency here is looking into it.

[jeraldskie11]

If we are indeed considering a decentralized network then there should be nothing to interfere them with the role of government in making regulation for them, but some of these crypto networks are also not decentralized, this is one of the means that the government use in getting then under their watchlist and apprehend them under their regulatory control, this is total out of the context of us having privacy or the required financial freedom because the governments are going to frustrate the crypto entities not decentralized with regulations.

Actually the world of crypto is a freedom, why do we think about government support for crypto. Even without their support and regulation, Bitcoin still survives today. The government should require crypto transactions, where they can take our taxes and transactions

Yes, to be with world of crypto is a freedom from being controlled by the government. However, this freedom is not totally free because you must be responsible on it. If you don't know how to take care of this freedom you get from crypto, it will only put you at risks. The government doesn't like crypto because they can't track our actions in life especially our wealth, so we get privacy in crypto. However, even we get this kind of freedom we should still respect the government in other matter or else they will go against you.

[Etranger]

Exactly. If the government in a specific country will implement a full banning on crypto it means inaccessible because they may block all possible access to it. If that scenario will happen we need to move to other countries just to take our profit and convert it to fiat. It would be better if they coexist alongside each other I mean fiat and crypto plus neutral or fair regulation of the government is enough for us enthusiasts to take part in this industry conveniently.

What many governments don't understand is that crypto is actually a great benefit to the tax system if it is implemented smoothly and gradually. This is much more beneficial for everyone than banning it or subjecting it to total control, which only leads to an increase in the scale of the shadow economy.

[Rubel007]

If we are indeed considering a decentralized network then there should be nothing to interfere them with the role of government in making regulation for them, but some of these crypto networks are also not decentralized, this is one of the means that the government use in getting then under their watchlist and apprehend them under their regulatory control, this is total out of the context of us having privacy or the required financial freedom because the governments are going to frustrate the crypto entities not decentralized with regulations.

Actually the world of crypto is a freedom, why do we think about government support for crypto. Even without their support and regulation, Bitcoin still survives today. The government should require crypto transactions, where they can take our taxes and transactions

Yes, to be with world of crypto is a freedom from being controlled by the government. However, this freedom is not totally free because you must be responsible on it. If you don't know how to take care of this freedom you get from crypto, it will only put you at risks. The government doesn't like crypto because they can't track our actions in life especially our wealth, so we get privacy in crypto. However, even we get this kind of freedom we should still respect the government in other matter or else they will go against you.

Such freedom would never have been possible if the government had controlled crypto. The bottom line is that governments are not able to track crypto users. Due to which they try to limit it by various restrictions. But while governments may not openly embrace crypto, their positive attitude towards crypto is easy to understand. I often hear crypto being used by government officials in different countries, which makes me think that people at every level want to use crypto. No bank or financial institution in the world can offer the freedom that crypto gives to the user.

[taufik123]

What many governments don't understand is that crypto is actually a great benefit to the tax system if it is implemented smoothly and gradually. This is much more beneficial for everyone than banning it or subjecting it to total control, which only leads to an increase in the scale of the shadow economy.

Countries that have completely banned crypto have only 2 reasons, first because they keep their fiat and only want to create their own digital currency and the second reason is because they cannot keep up with the development of digital technology, so the country is too skeptical of the rapid development of digital technology and considers crypto a disaster because everything will look transparent.

They will have no control and the previously neatly stored cheating will be exposed because everything is transparent.
Though those who accept crypto will have the opportunity to get bigger taxes and could be additional income for the country.

[Mr. Allcrypto]

The government can only suppress it, but they can't stop crypto, because crypto currency is not centralized to only one government.
But in a country the government can set some strict rules to stop crypto market...

[Gyrgen]

Exactly. If the government in a specific country will implement a full banning on crypto it means inaccessible because they may block all possible access to it. If that scenario will happen we need to move to other countries just to take our profit and convert it to fiat. It would be better if they coexist alongside each other I mean fiat and crypto plus neutral or fair regulation of the government is enough for us enthusiasts to take part in this industry conveniently.

What many governments don't understand is that crypto is actually a great benefit to the tax system if it is implemented smoothly and gradually. This is much more beneficial for everyone than banning it or subjecting it to total control, which only leads to an increase in the scale of the shadow economy.

You know better than to let this misunderstanding persist for as long as possible. Because otherwise, freedom in the full sense of the word will end. You won’t be able to hide anything, everything is stored in the blockchain, And in fact, there is, by and large, no benefit for the economy, but there is no benefit there is a lot to control.

[Etranger]

You know better than to let this misunderstanding persist for as long as possible. Because otherwise, freedom in the full sense of the word will end. You won’t be able to hide anything, everything is stored in the blockchain, And in fact, there is, by and large, no benefit for the economy, but there is no benefit there is a lot to control.

I am not sure I understood your words correctly. Are you convinced that blockchain is the end to freedom? If so, that I would rather disagree. Yes, every piece of information stored there, but it also provides anonymity and various choices of actions. No government controlled system provides such opportunities.

[dekafee79]

You know better than to let this misunderstanding persist for as long as possible. Because otherwise, freedom in the full sense of the word will end. You won’t be able to hide anything, everything is stored in the blockchain, And in fact, there is, by and large, no benefit for the economy, but there is no benefit there is a lot to control.

I am not sure I understood your words correctly. Are you convinced that blockchain is the end to freedom? If so, that I would rather disagree. Yes, every piece of information stored there, but it also provides anonymity and various choices of actions. No government controlled system provides such opportunities.

I agree because blockchain technology offers freedom and anonymity. But remember, all our transactions are recorded there. Actually, blockchain is not completely anonymous, unless we use private coins in transactions. Legality or not, crypto will still work.

[EluguHcman]

Cryptocurrency is a decentralized digital currency and has been doing fairly well in its independent market without the regulations of the government.
Bitcoin did not come in existence with the order permissions from the government because earlier on, Bitcoin was designed to be operated just in this decentralized operative system without the a provision for centralized controlling bodies.

About my intenses feelings of Bitcoin to be adopted and permitted for alternative means of payments, of course that was primarily what this digital coins was made for before considering the alternative potentials of being an investment. So definitely it would be a great development for me and others who as re already into crytop currencies as much as it could grant quick transactions and also how to keep my funds untracked as our governments would always do with the fiats.

[Gladitorcomeback]

I agree because blockchain technology offers freedom and anonymity. But remember, all our transactions are recorded there. Actually, blockchain is not completely anonymous, unless we use private coins in transactions. Legality or not, crypto will still work.

Transactions being recorded doesn't mean it isn't anonymous. Someone looking at your wallet and the transactions you have made wouldn't know that the wallet is related to you because you don't do KYC with your wallet as long as you are using a non-custodial wallet where you hold your seed phrases and private keys.

The public ledger only allows one to check your transactions or available balance, your wallet can only be linked with you if you have completed KYC verification at a certain platform and then either made a deposit or a withdrawal with that wallet in your KYCed account which makes the wallet connected to your identity through that platform if there is an investigation to find out this information. If you don't do that and stay away from centralized and KYC-based platforms, no one would know that the wallet is yours.

[bayu7adi]

Until now there has been no sign regarding the use of cryptocurrency as legal payment in my country, until now the use of cryptocurrency is still limited to digital assets, and nothing more. In the future, perhaps if cryptocurrency is truly legalized as a means of payment, I am more confident that several altcoins with blockchain networks could be a more convenient payment solution for transactions.

Like LTC nowadays, I often use it to buy several online services. Apart from being easy, the fees offered are also small, so that we can all move money easily and at a relatively small cost without any regional restrictions.