Crypto markets can exist without government permission

[Jaephoenix]

No it is not possible. The government would ALWAYS strive to control crypto. It is much too powerful a financial instrument to be left floating around for criminals and rogue governments to utilize for their malicious purposes. The US Government through the SEC has made doubly sure about it. Even China and India are getting in on the act of crypto control

[Altcoin1998$]

As Bitcoin is a fully decentralized currency, no matter how many government and central bank restrictions are imposed for now, there will be no negative impact on Bitcoin. Because the control system of Bitcoin is not solely with the government and central bank. However, when any government and central bank bans on Bitcoin may temporarily affect the Bitcoin market, Bitcoin investors are not at all worried about government bans. Recently, the Indian government and parliament have imposed a ban on all types of central exchanges, which has not had any impact on the Bitcoin market.

[Alcor]

As Bitcoin is a fully decentralized currency, no matter how many government and central bank restrictions are imposed for now, there will be no negative impact on Bitcoin. Because the control system of Bitcoin is not solely with the government and central bank. However, when any government and central bank bans on Bitcoin may temporarily affect the Bitcoin market, Bitcoin investors are not at all worried about government bans. Recently, the Indian government and parliament have imposed a ban on all types of central exchanges, which has not had any impact on the Bitcoin market.

Not everything is as good as we want it to be. States and their governments, with their common decisions, may well put cryptocurrency on the brink of survival and force it to go illegal, which will collapse the price of cryptocurrency to almost zero. If there is a corresponding decision, say, from the G20 countries, states will close exchanges and exchangers, this will end very badly for cryptocurrency. It’s just that states have not yet finally decided on the future of cryptocurrency and we hope that they will only loyally regulate it and not ban it.

[Condorlaib]

As Bitcoin is a fully decentralized currency, no matter how many government and central bank restrictions are imposed for now, there will be no negative impact on Bitcoin. Because the control system of Bitcoin is not solely with the government and central bank. However, when any government and central bank bans on Bitcoin may temporarily affect the Bitcoin market, Bitcoin investors are not at all worried about government bans. Recently, the Indian government and parliament have imposed a ban on all types of central exchanges, which has not had any impact on the Bitcoin market.

Not everything is as good as we want it to be. States and their governments, with their common decisions, may well put cryptocurrency on the brink of survival and force it to go illegal, which will collapse the price of cryptocurrency to almost zero. If there is a corresponding decision, say, from the G20 countries, states will close exchanges and exchangers, this will end very badly for cryptocurrency. It’s just that states have not yet finally decided on the future of cryptocurrency and we hope that they will only loyally regulate it and not ban it.

There is always a black market for any product, even if it is illegal. And if the product is in demand, the government can only prohibit legal use. In any case, transfers of funds and their storage are the prerogative of cryptocurrencies. Of course, cashing out for ordinary people will be problematic.

[therozaq]

In my country the use of cryptocurrencies is legal. You can pay with cryptocurrency at merchants that accept it, and there are even dedicated physical stores (and many ATMs) where you can buy and sell cryptocurrency. There is no problem in using them as long as the tax agency is aware that you have them, although that is something that almost no one does. As time goes on, countries will see greater adoption of cryptocurrencies, but in some of those countries the restrictions will likely be greater for users.

Nice to hear in your country legalized crypto as payment method, buddy.
In my country the government don't care about crypto. The government didn't against or ban crypto but also didn't legalize it...But no matter with this.
It's better to us..We can do transactions, trading and investment here.
at several countries, crypto has been banned by the government.
It's annoying, yeah really annoying.

[Ris88]

There is always a black market for any product, even if it is illegal. And if the product is in demand, the government can only prohibit legal use. In any case, transfers of funds and their storage are the prerogative of cryptocurrencies. Of course, cashing out for ordinary people will be problematic.

The prohibition of the black market is much sought after by several groups, although there is also a lot of resistance from some government parties, as long as there are no suspicious cases, it seems that the government will allow it to operate in the country, because cases of loss or fraud in some black markets have never happened, it is legal if being allowed to operate in a large country is of no use and the government prohibits it if the user continues to transact there or save their money there, at least the government can take this into account for the community by providing an illegal market that the community can use, in order to prevent things that are not desired, that is if several governments in any country are willing to legalize the Crypto Currency market...

[Gurujebs]

Recently, Nigerian government lifted the ban on banks involved in crypto-enabled services. Of course, this is beneficial for the crypto market in this country, but even before this authorization, the crypto market in Nigeria was already very developed through P2P.

“The ban by CBN on Nigerian banks from aiding crypto transactions made P2P merchants dominant in the first place. The ban was supposed to stamp out Bitcoin and crypto use in Nigeria. Instead, the crypto community turned to peer-to-peer trades or sending payments directly to each other.”
Source: Nigerian crypto exchanges and P2P merchants brace for battle post ban lift.

This once again shows the independence of transactions on blockchain from the management or permission of countries. China has banned crypto, but people can still buy, sell and store crypto assets without too much difficulty. It is this intense existence that has forced governments to be more serious when considering and accepting the existence and operation of crypto. Taxes, job opportunities, foreign investment are the things that every government wants to develop the country.

Nigeria has been crypto friendly, CBN and it's monetary policy never interfere with crypto  mnot until protests that later turned self interest where hoodlums spoilt and burn a lot of government property and because of the losses both human and properties, the government took a decision to prevent banks from aiding bitcoin and crypto transactions(not completely ban) but even with that, I don't see anything they stop because crypto adoption has grown stronger ever than before, no changes.

The only thing reason I think the government allow banks to make transactions of bitcoin now is because they are not seeing remitance since they stopped  making dollars to tbe people and they want to tap from the money and investment that are going into the foreign investment, this is why I think the allow banks to process transactions but the banks are not allow to personally but or trade cryptos.

I believe that the wave of crypto adoption will soon spread globally, not only in El Salvador or Argentina, many other countries will soon have a clear legal framework to manage and collect taxes from this market. Large institutions have participated such as BlackRock, Vanguard, Fidelity, now it is the turn of governments.

Does your country have a plan to accept crypto? Are you willing to use crypto as a legal payment method alongside fiat currency?

Even Argentina new president is doing what will only benefit his second tenure, he doesn't care that much for the county to become crypto hub. Politicians are very corny, liars and do what benefits them. But if he legalized it, then I might begin it trust him to some levels but it's to early to trust this guys, don't trust the government with cryptos.

[masudginanjar]

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There is a stepping stone to being able to accept cryptocurrency because this cryptocurrency has something very complex and in fact I think this is a good first step.
If we can get past this rock surge, then we can be successful in the future. This means that if cryptocurrency is accepted by the government, this will definitely benefit us as a crypto community.
But unfortunately, in my place, cryptocurrency regulations are not recommended to own or buy because the government also doesn't want to be responsible for losing our assets that we have in cryptocurrency.

[sampoerna]

Actually, it is true that crypto exchanges can exist without government. and this can also run very well without government, it can be tax free too. but unfortunately, there are times when the government really makes strict rules regarding exchanges so that exchanges in that country have to follow the rules that are made. and if not, then no one can operate in that country. not even able to cash out on the exchange. unless it is online only and can be P2P and very safe.

[MrSpasybo]

There is a stepping stone to being able to accept cryptocurrency because this cryptocurrency has something very complex and in fact I think this is a good first step.
If we can get past this rock surge, then we can be successful in the future. This means that if cryptocurrency is accepted by the government, this will definitely benefit us as a crypto community.
But unfortunately, in my place, cryptocurrency regulations are not recommended to own or buy because the government also doesn't want to be responsible for losing our assets that we have in cryptocurrency.

Crypto is decentralized and governments can only restrict it, not ban it. The trading network only needs the Internet and VPN to operate, and the government cannot check every person and jail thousands of people. The best way the government can do is to research and promulgate a legal framework for crypto soon, then the government will be able to collect taxes from crypto and protect people from scammers in this market.

[Gurujebs]

Actually, it is true that crypto exchanges can exist without government. and this can also run very well without government, it can be tax free too. but unfortunately, there are times when the government really makes strict rules regarding exchanges so that exchanges in that country have to follow the rules that are made. and if not, then no one can operate in that country. not even able to cash out on the exchange. unless it is online only and can be P2P and very safe.

The government can not let you have a free market and then see you rake in profits and allow you go without a tax, you will definitely pay tax to them, they see tax as their birth right. However I think the existence of government in crypto will bring some sanity to the crypto even though I know how cunny they with the at they attack the existence of crypto.

I don't think we can deny the fact that government has play a role in this bitcoin, we have some bad guys here that hide under the umbrella of bitcoin and other cryptocurrency but because the government is looking at crypto, it's preventing them from coming here which is a win win for crypto and the government because crypto is doing his thing and the government can't control it.

[IrynaInna]

Cryptocurrencies are still not legal in many countries. Cryptocurrency is even officially illegal in my country where I live. Still I think a lot of people in our country are using crypto currency and are involved with it. Although there are some government regulations and laws related to cryptocurrencies. Still, many are using crypto-currencies in defiance of the law. Since we are a developing country, there is a possibility that cryptocurrency will become legal in the future.

[MrSpasybo]

The government can not let you have a free market and then see you rake in profits and allow you go without a tax, you will definitely pay tax to them, they see tax as their birth right. However I think the existence of government in crypto will bring some sanity to the crypto even though I know how cunny they with the at they attack the existence of crypto.

I don't think we can deny the fact that government has play a role in this bitcoin, we have some bad guys here that hide under the umbrella of bitcoin and other cryptocurrency but because the government is looking at crypto, it's preventing them from coming here which is a win win for crypto and the government because crypto is doing his thing and the government can't control it.

I believe that, if desired, the government has many ways to limit people's access to crypto: blocking websites, investigating - fining - imprisoning people who intentionally interact with crypto. However, to do so, the government will need to spend huge efforts and promulgate a legal framework to manage this market.

And no matter how hard they try, the crypto market continues to exist in their country through VPN, OTC or other clever ways. At the same time, the government will lose a huge tax source from the extremely fast growing crypto market.
The best way is that they will find a way to manage and collect taxes. They will not lose votes and help the economy develop better.

Cryptocurrencies are still not legal in many countries. Cryptocurrency is even officially illegal in my country where I live. Still I think a lot of people in our country are using crypto currency and are involved with it. Although there are some government regulations and laws related to cryptocurrencies. Still, many are using crypto-currencies in defiance of the law. Since we are a developing country, there is a possibility that cryptocurrency will become legal in the future.

I agree! I believe that after the wave of BTC adoption by large WallStreet investment funds, governments will also participate as El Salvador or Argentina. We may soon see national CEXs, clear regulations and income tax rates for crypto.

[Dr.Bitcoin_Strange]

Yes, the cryptocurrency system will continue to make waves around the world. The system doesn't need the authority of the government to function, but it can be pressured by the government to reduce adoption. While the CBN of Nigeria banned cryptocurrency transactions in all banks, the government was not against citizens investing in Bitcoin. If they were really against it, then it wouldn't have been possible for citizens to freely invest in it.

In my country, there is no ban on cryptocurrency, adoption is free, and there are different exchanges that allow P2P here where citizens can easily deposit Fiat on the exchange and acquire some Bitcoin or other cryptocurrency with the money before withdrawing to their exchange.

[vegasus]

it should be possible. Currently there are also many DEXs that we usually use which certainly do not need legal permission from the government. and this makes it easier for all of us who want to use the exchange without KYC with ID, or having to pay tax for every transaction. However, if it is a CEX and it is in a certain country, then there is no choice but to comply with the regulations in that country. or the government will force the exchange to deactivate or not legalize its operations and this will definitely have a bad impact on reputation. Even though we don't expect control from the government, sometimes regulations are very restrictive and increasingly controlling.