Can governments crack down on crypto?

[LUCKMCFLY]

I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.

[Gurujebs]

The government can Crack down on crypto exchanges but can't do anything to people that hold coins in a personal wallets. From the beginning, Satoshi has always warn everyone the use Bitcoin on platforms that you don't have their private keys, it shows you can't have access to the coin if the restrict you but if you have the private key, the government can't do anything.

Another thing is that with centralized exchanges, they do have a mandatory KYC to track down people, this can be a tool go the government to do what they like, this is why I said the government can only Crack down on exchange because they know they as a team but a person with his private key is anonymous and can't be identified even though the transaction is visible to the public

[Cryptsafe]

I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.

It is true that Government would always want to discourage her citizens from transacting in Crypto but that does not make the Crypto market not grow. As a matter of fact  the government wants to know their stand in taking tax from Crypto transactions that is why you see that they are hell bent on fighting third party exchange to get details of their citizens registered with them so they can be able to also get details of Crypto transactions and know how much they could charge.

All these talks of fighting terrorism and money laundering is a joke for all I think they are just making caricature of themselves.

[Jamal Aezaz]

However it's possible for government to crack down the use of crypto. In most countries have already banned crypto exchange and coin offers like china, it's very certain that government can limit the use of crypto currency. It's also no use that many government are still figuring out ways to deal with crypto. Some have set rules, and rules will continue to evolve us.

Government has settled strick rules due to which there are certain countries where there there is no permission to use crypto but some people still use crypto without the permission of government. I think due to success of bitcoin many countries will accept bitcoin and some countries have already accepted bitcoin because limitation will not bring anything useful but bitcoin success can make the economy of a country better.

Every country has certain rules and regulations but these are changing with the passage of time according to the era so I think a day will arise when most of the country will using bitcoin as a legal currency.

[Cryptsafe]

All I can say is that I also know that everyone knows that no one can control Bitcoin because of the decentralization features it has. So I am interested in a country or government that is open to blockchain technology, bitcoin, or cryptocurrency. Because they think about the welfare of their constituent citizens, who can be helped by bitcoin or cryptocurrency.

And one of those, for example, is what El Salvador did to make Bitcoin and other cryptocurrencies legal tender in their country.

I believe one of the reasons why the El Salvador president did accept bitcoin and other crypto currency as a legal tender is because he is a youth and very much open to innovation and technology. So far, all the president's that have objected to accepting bitcoin and crypto are old men along side with their executive council. They do not want their citizens to tap into crypto because they are afraid of losing ground.

From my observations, majority of the countries that really looked into crypto are bent in taxing crypto enthusiast per transaction they make so they could generate revenue for their nation. I am surprised that some so called advanced nations are still struggling to implement or adopt bitcoin just because it has no control by anybody.

[LUCKMCFLY]

I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.

It is true that Government would always want to discourage her citizens from transacting in Crypto but that does not make the Crypto market not grow. As a matter of fact  the government wants to know their stand in taking tax from Crypto transactions that is why you see that they are hell bent on fighting third party exchange to get details of their citizens registered with them so they can be able to also get details of Crypto transactions and know how much they could charge.

All these talks of fighting terrorism and money laundering is a joke for all I think they are just making caricature of themselves.

What you say is very true, governments always say something like that, however I know that governments say things like that so that they can control people, especially money laundering, but that is something that I don't see much impact on, I know that Governments can make or take these preventive measures trying to be the victims, but that is not the case, at least the government where I live is a government that really has things very given to fulfilling them for their own benefit, because each one of them has the things Without further ado, they don't care about the hype they have, everything for them is abundant, but for the people, if they are starving and have no benefits, that doesn't matter to them.

But since I cannot generalize, I know that there are people who live in developed countries, where the government is not like that, but is something else, that is the type of thing that we should see.

[milewilda]

All I can say is that I also know that everyone knows that no one can control Bitcoin because of the decentralization features it has. So I am interested in a country or government that is open to blockchain technology, bitcoin, or cryptocurrency. Because they think about the welfare of their constituent citizens, who can be helped by bitcoin or cryptocurrency.

And one of those, for example, is what El Salvador did to make Bitcoin and other cryptocurrencies legal tender in their country.

I believe one of the reasons why the El Salvador president did accept bitcoin and other crypto currency as a legal tender is because he is a youth and very much open to innovation and technology. So far, all the president's that have objected to accepting bitcoin and crypto are old men along side with their executive council. They do not want their citizens to tap into crypto because they are afraid of losing ground.

From my observations, majority of the countries that really looked into crypto are bent in taxing crypto enthusiast per transaction they make so they could generate revenue for their nation. I am surprised that some so called advanced nations are still struggling to implement or adopt bitcoin just because it has no control by anybody.

We dont know on whats on the mind of Bukele but its good that he had made out such decision on which we've seen that they do even that purchased coins even more on a dumping market
which does basically shows that they are really that positive towards it which its really that surprising for government would really be making out such decisions on which it did really basically shows that it is really that indeed possible on doing such stuff. In regarding about government crack down then pretty sure that they've been doing this long time
but still even up to now on which they had failed on cracking down Bitcoin or crypto as a whole.So they've decided to join up. 

[Cryptsafe]

I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.

It is true that Government would always want to discourage her citizens from transacting in Crypto but that does not make the Crypto market not grow. As a matter of fact  the government wants to know their stand in taking tax from Crypto transactions that is why you see that they are hell bent on fighting third party exchange to get details of their citizens registered with them so they can be able to also get details of Crypto transactions and know how much they could charge.

All these talks of fighting terrorism and money laundering is a joke for all I think they are just making caricature of themselves.

What you say is very true, governments always say something like that, however I know that governments say things like that so that they can control people, especially money laundering, but that is something that I don't see much impact on, I know that Governments can make or take these preventive measures trying to be the victims, but that is not the case, at least the government where I live is a government that really has things very given to fulfilling them for their own benefit, because each one of them has the things Without further ado, they don't care about the hype they have, everything for them is abundant, but for the people, if they are starving and have no benefits, that doesn't matter to them.

But since I cannot generalize, I know that there are people who live in developed countries, where the government is not like that, but is something else, that is the type of thing that we should see.

The government does not care about their people. All they care about is their pockets. They always wants more claiming it to be in the interest of their citizens which you and I know too well to be lies. At first they tell you sweet stories to convince you the you join the and then get lost in the middle of nowhere.
You know sometimes the government can be this funny but however, they are never tired of doing their biddings to get it all.

[Aanuoluwatofunmi]

I still wonder on the possibility for a decentralized network and currency to be controlled by governments, they may try to regulate the whole sectors which are not decentralized in cryptocurrencies but they may not do so with bitcoin because this is completely a decentralized digital network, of which they have on countless times try to attack and stop people from adopting bitcoin but everything went to futile efforts because bitcoin contain the solution to the peoples financial problems in cryptocurrency.

[Sim_card]

• Can crypto continue to thrive without the support of governments?

Yea, we can. Bitcoin is a typical example at its early stage, some government banned the use of crypto but bitcoin was still able to succeed, because it cannot be controlled by anyone.

• Do you think governments can suppress and restrain the crypto market with their power?

Yea, they can do that on centralized exchanges and centralized coins, but not on bitcoin. This is because you cannot be tracked when you use bitcoin the way it was designed. From your private wallet to DEX, and vice versa.

• If you were the head of government, would you accept or reject the crypto opportunity for your country?

LOL, I am a crypto fan. I am happy with the benefits from crypto on individuals, especially bitcoin. So I will legalize it for my citizens to also benefit from it. As long as it is regulated.

[Trongduy]

I would like to know your views on the acts of repression of the crypto market:

• Can crypto continue to thrive without the support of governments?
• Do you think governments can suppress and restrain the crypto market with their power?
• If you were the head of government, would you accept or reject the crypto opportunity for your country?

The Nigerian government is looking to crack down, create a diversionary event, and blame crypto exchanges. I hope people won't be fooled by this.

Crypto needs to be legalized to thrive with legitimate capital. Otherwise, it will be difficult for crypto to develop, with privacy coins being the clearest example.

If really needed, governments can easily suppress crypto in their countries. China has done so and succeeded in banning crypto trading and mining.

I would adopt crypto like El Salvador to attract tourism and investment.

[LUCKMCFLY]

I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.

It is true that Government would always want to discourage her citizens from transacting in Crypto but that does not make the Crypto market not grow. As a matter of fact  the government wants to know their stand in taking tax from Crypto transactions that is why you see that they are hell bent on fighting third party exchange to get details of their citizens registered with them so they can be able to also get details of Crypto transactions and know how much they could charge.

All these talks of fighting terrorism and money laundering is a joke for all I think they are just making caricature of themselves.

What you say is very true, governments always say something like that, however I know that governments say things like that so that they can control people, especially money laundering, but that is something that I don't see much impact on, I know that Governments can make or take these preventive measures trying to be the victims, but that is not the case, at least the government where I live is a government that really has things very given to fulfilling them for their own benefit, because each one of them has the things Without further ado, they don't care about the hype they have, everything for them is abundant, but for the people, if they are starving and have no benefits, that doesn't matter to them.

But since I cannot generalize, I know that there are people who live in developed countries, where the government is not like that, but is something else, that is the type of thing that we should see.

The government does not care about their people. All they care about is their pockets. They always wants more claiming it to be in the interest of their citizens which you and I know too well to be lies. At first they tell you sweet stories to convince you the you join the and then get lost in the middle of nowhere.
You know sometimes the government can be this funny but however, they are never tired of doing their biddings to get it all.

You are absolutely right, now what I have doubts about is the governments of countries that are prosperous as is the case of Switzerland, Nordic countries that are countries that are doing very well economically, you think they always have very good growth options, So this means that they are not like that, but I think that this happens only in those countries , in the rest of the world things are different, for me this has a lot to do with the countries worldwide, because they are already sticking to a direction established policy where they want to have a lot of power to control, the EU, the USA exercise a lot of power, and among these things they manage and lead the world.

The most important things are money, as long as they manage the money everything will be easier to control.

[0t3p0t]

• Can crypto continue to thrive without the support of governments?

Yea, we can. Bitcoin is a typical example at its early stage, some government banned the use of crypto but bitcoin was still able to succeed, because it cannot be controlled by anyone.

• Do you think governments can suppress and restrain the crypto market with their power?

Yea, they can do that on centralized exchanges and centralized coins, but not on bitcoin. This is because you cannot be tracked when you use bitcoin the way it was designed. From your private wallet to DEX, and vice versa.

• If you were the head of government, would you accept or reject the crypto opportunity for your country?

LOL, I am a crypto fan. I am happy with the benefits from crypto on individuals, especially bitcoin. So I will legalize it for my citizens to also benefit from it. As long as it is regulated.

1. Yeah the power of decentralization. Whether we like it or not crypto is crypto governments can only regulate exchanges but not crypto itself.
2. Yeah the reason why governments wanted to pursue the idea of CBDC for them to have a full control of our funds. They can do whatever they want like freeze and whatsoever.
3. I like this opinion of yours mate because I will do the same if I were the head of the state because I know cryptocurrency enthusiasts here in my country is rapidly increasing so to help them grab every opportunity crypto has offering legalizing it would be the best option.

[Stompix]

2. Do you think governments can suppress and restrain the crypto market with their power?
This all depends on the kind of government we are dealing with. Under an authoritarian regime, everything can be done with a stroke of a pen or even a pronouncement without the benefit of any law passed by its own legislature. There are many governments right now who are looking at cryptocurrency as their enemy as we know that crypto can be an empowering tool...something some governments may not have a liking with.

This is the most important thing and I am really sad some don't get it nor the danger it comes with!

When we talk about a government not being friendly and not liking crypto or trying to ban it we must look at two things
- what kind of government is that, it's an elected government that might be replaced in two months, it's a government that is normally under supervision from the one leading the country but it's not a true authority much being done by the parliament or prime minister, or it's a government that's made just out of puppets who echo a true dictatorship that runs the country!
- second and more important, what is the government ready to do to enforce the ban? If they care about stopping it just like they care about speeding tickets or food safety nothing will happen, but if they see it as a threat or a thing against religion it might end with people getting sentenced to the firing squadron, and that will be different, way different, and I'm sure after the first mass execution 99.99% will suddenly forget you can't stop Bitcoin and forget also everything about crypto for their own safety!

Also, the ridiculous take on the success without realizing what this bull run was caused by!
It was caused by the EFT, it was a government action on greenlighting crypto, is someone here truly thinking we would have seen 72k if the SEC would have refused again all applications or if the US would have (knock on wood) banned crypto just as China did?

[Gyrgen]

I still wonder on the possibility for a decentralized network and currency to be controlled by governments, they may try to regulate the whole sectors which are not decentralized in cryptocurrencies but they may not do so with bitcoin because this is completely a decentralized digital network, of which they have on countless times try to attack and stop people from adopting bitcoin but everything went to futile efforts because bitcoin contain the solution to the peoples financial problems in cryptocurrency.

You understand the word control too one-sidedly. It is enough to control card accounts and prohibit any payments for anything in cryptocurrency and that will be enough. You can also create various unbearable conditions and everything will wither away on its own.