Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: target on March 17, 2024, 07:33:27 AM
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
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I do not think. Even the countries that have adopted Bitcoin as a legal tender have not done so. The best you will get is for the central bank to agree to place a reserve of Bitcoin alongside the dollar and gold, and for you to be able to create a bank account with Bitcoin, deposit and withdraw from banks, as banks are the lifeblood of modern economies.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Some government see crypto as a ponzi scheme and mostly used by criminals. So if they look crypto that way, there's no reason for them to make crypto exchanges. However, there are Countries who see crypto that can give impact to their economy that's why I'm looking forward to see this. Yes, government today are approving ETF but it's not new to us because it already happened before, it can also be used to manipulate the market. So I don't think ETF approval can be the caused.
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There would be a lot of private companies that are aiming at their specific residence country to build something like an exchange. It is highly plausible that there are to be setup inn someway. On the government side, I don't know if it would be advisable. Wouldn't that mean that all of the residents of that country have a special role or some benefit to having that? Because in order to setup that, it would be using the peoples money.
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I think the governments will never think about having their own official crypto exchanges even in future. The reason for that is the uncontrolled volatility of the crypto-currencies and the presence of rug-pulls of the market.
If you remember the Terra Luna coin then you can get an idea that how hard it would be for a government to convince the users if they were affected by Terra Luna on a government owned exchange.
It would be hard for the government to subsidize the victims because that's not a small amount and that's one of the reasons why governments may never think about having their own exchanges.
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Surely every country that legalizes Crypto or Bitcoin will have its own exchange to control Bitcoin users and that will be a big advantage for the government.
Tax payments for each local Exchange will be a significant new source of revenue.
But for a country that bans crypto completely there will be no local exchanges or regulations governing crypto, it will be banned anywhere.
But I am lucky to still be in a country that regulates the use of crypto as a commodity asset,
although it is not allowed to be used as legal tender, but the regulation is enough.
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Currently, I have not found any crypto exchanges owned by the government of any country yet. Or maybe if there is, we can share information here. However, it does not rule out the possibility that one day, brands will create their own crypto exchange (CEX) with their own regulations.
For now, we may meet only many licensed crypto exchanges by the government, as in my country. The exchanges that will be operated, must be regulated and have license from the government.
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Do you think each country in the future will have its exchange they own?
Possible, but i don't think they can manage of having it. I mean it's better to handle it with those private sectors/company than them, well, at least in my area knowing how irresponsible authorities on jobs and more like on corruption.
Plus, even though can manage it fully, why they should do that. When they can just charge the exchanges on the tax percentage they need by passing s law, or ask the exchanges of the users who registered there for some reasons, and etc.
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It is very possible, because we all know that government decisions always have more special sovereignty and can beat the business of private companies. In my country the exchange market is still controlled by private companies who compete fairly, but all exchanges are directly supervised by the government. So the identity data of all citizens related to cryptocurrencies is always monitored by the government.
In the future, it is very possible that the government will intervene more deeply in the buying and selling of cryptocurrency by its citizens.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Government can do anything of course because it is their rule and its country but the problem here is that will their people trust them enough to use exchanging their crypto?
and the reason why many of us are denying the use of banks because of government interruption so if those exchange will be manage by government so what is the difference between bank and exchange?
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Do you think each country in the future will have its exchange they own?
I don't think this can be happening anytime and it is because the government is the referee or arbiter in the industry so it would not be good if it would be one of the players that it is regulating. This is the reason why this is not happening right now and I think that even if there is one people would be hesitant to use a government-sponsored crypto exchange all because the data can easily be acquired by the government and you are just exposing to greater risks. And we know that governments are not good in business so if there is one it would just collapse and die in no time at all. I would even say that this idea can be preposterous (sorry for the word) and will never be adopted even by North Korea.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
To my knowledge there is currently no such exchange that is run by any country's government. But I think in the future countries that have accepted cryptocurrency as legal and legal tender may open their own cryptocurrency if their government wants to. By doing this, people will trust the government more and also the government will find an easy way to monitor tax collection. However, they have to have a good competitive fight with the big exchangers in terms of providing services. Currently in my country cryptocurrency is illegal I wish our government one day own the crypto exchange.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Maybe we will see something like that when governments implement CBDC with smartcontracts.
Cbdc will open some possibilities for governments , and citizens will have even less privacy rights.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Indonesia did something similar in 2023 when they launched a state-backed cryptocurrency exchange. You can read full details about the story here: https://www.thebanker.com/State-backed-cryptocurrency-exchange-launched-in-Indonesia-1692088277
I don't know if people, at least most of them, would use state-backed cryptocurrency exchanges for their cryptocurrency trading activities because of the regulations and everything they will impose on users, and their motive behind something like this would barely be to protest investors from frauds and scams but they would want to monitor and control their activities.
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Indonesia did something similar in 2023 when they launched a state-backed cryptocurrency exchange. You can read full details about the story here: https://www.thebanker.com/State-backed-cryptocurrency-exchange-launched-in-Indonesia-1692088277
I don't know if people, at least most of them, would use state-backed cryptocurrency exchanges for their cryptocurrency trading activities because of the regulations and everything they will impose on users, and their motive behind something like this would barely be to protest investors from frauds and scams but they would want to monitor and control their activities.
Yes, the Indonesian government has implemented such a crypto exchange since 2023. I do not live in Indonesia, I do not understand exactly how the State-backed cryptocurrency exchange is operating and serving crypto users. I hope the transaction costs and taxes will not be too high.
I think this will be one of many trends in the future, when governments want to manage crypto, collect taxes from crypto, and charge transaction fees from crypto. The government has power, they also want to have more revenue for the budget, operating an exchange like a state-owned enterprise is completely feasible and worth experimenting.
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Indonesia did something similar in 2023 when they launched a state-backed cryptocurrency exchange. You can read full details about the story here: https://www.thebanker.com/State-backed-cryptocurrency-exchange-launched-in-Indonesia-1692088277
I don't know if people, at least most of them, would use state-backed cryptocurrency exchanges for their cryptocurrency trading activities because of the regulations and everything they will impose on users, and their motive behind something like this would barely be to protest investors from frauds and scams but they would want to monitor and control their activities.
Yes, the Indonesian government has implemented such a crypto exchange since 2023. I do not live in Indonesia, I do not understand exactly how the State-backed cryptocurrency exchange is operating and serving crypto users. I hope the transaction costs and taxes will not be too high.
I think this will be one of many trends in the future, when governments want to manage crypto, collect taxes from crypto, and charge transaction fees from crypto. The government has power, they also want to have more revenue for the budget, operating an exchange like a state-owned enterprise is completely feasible and worth experimenting.
sure its worth experimenting. this is the way to see thru all the people who are trying to bypass the government by not using the fiat money but use coins. the government will finally have their naughty list thru their state backed exchange. these crypto holders are probably also the ones going to revolt when the government ask for more tax lol.
El Salvador indeed had not tried to have their own exchange. this is the country that is to be expected to have but not. their volcano bonds i think will be the one that will be turned into an exchange.
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I expect that this is very possible in the future. Yes, since the government views Bitcoin and its decentralization with suspicion, it will be very happy if it is able to legalize it through central exchanges.
In addition, of course, to the resources that the state will obtain from establishing such national central exchanges, where cryptocurrencies are monitored and taxes are collected from investors and exchanges, in addition to other activities that drive the local economy.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Well, we don't know what can happen in the future. Although I cannot deny that, there are still countries that believe that Bitcoin is a Ponzi scheme, even though it is actually only used in Ponzi schemes. The ponzi scheme is different from the ponzi scheme that only becomes tools, and we know that.
Maybe other countries can do it, but I can't say that all countries will do what you think. Because no one knows what will happen in the future.
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If crypto currency is directly approved in a country and if the government of that country makes a specific plan with crypto currency then this is possible. But users will always try to use popular exchanges. If a country brings a separate crypto exchange to the market, maybe a few people will use that exchange but the rest of the people will use the exchanges that are popular. If an exchange is only used by people of a certain country, then the volume of tokens of that exchange will not be very high. Because all other exchanges are used globally and if a country brings an exchange market only for their country, it is only natural that the trading volume will be less.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
No, it's not possible...
The government's role is as an economic regulator or regulator who sets the direction for balancing the economy through issuing regulations that regulate policies in the economic sector, not as a "Player".
If an exchange is owned by the government, then the government has violated the concept of government itself and this is not possible.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Yes its possible for government to own and control a crypto exchange. Like Venezuelan government Petro exchange even the china government also. The control of crypto by the government can influence the prices or to control the supply of coins.
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Yes, the Indonesian government has implemented such a crypto exchange since 2023. I do not live in Indonesia, I do not understand exactly how the State-backed cryptocurrency exchange is operating and serving crypto users. I hope the transaction costs and taxes will not be too high.
I think the news is a bit misleading. As far as I'm aware, the state-backed trading system monitors registered exchange transactions and makes sure that they don't breach regulatory rules. It is a centralized hub that allows the government to easily monitor exchange data and capital health, not serving any retail traders like Binance, etc. Most Indonesian traders that I know of still use their favorite exchanges as usual, there's not even a campaign or socialization about this to end users. That's not surprising since the target is not them to begin with. CMIIW.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Hmm, it is a good question, what I think is they already have exchanges in their possession, maybe the government does not own them but the US government does control these exchanges, like how the SEC has fined Binance, Kraken, and some other exchanges just because their policy didn't match with the policy of the country where they are functioning. So, governments imposed huge fines on them and asked them to change their rules, so IMO if a entity is powerful enough to make changes in someone's project then that entity is close enough to owning that project.
So, yeah a time will come when whole exchanges will be owned by the government, but it would be almost equal to using a bank but for using digital tokens (tokenization of RWAs maybe). We can't enjoy the features of anonymity, decentralization, and scope as well.. But I doubt besides traditional investors and trades, anyone else will use these government-based exchanges.
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^ its true. institutions like Blackrock appointed Coinbase as the Bitcoin custodian so there's got to be something that linked to these two which is SEC and SEC is the government.
government is like the biggest mafia in a country and if they really want to take down someone or get something like a company, they will start with the owner or the CEO and if not then the family of the owner. just filing crazy lawsuits just to get them. its mostly the reason why people wants anonymity.
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I think the news is a bit misleading. As far as I'm aware, the state-backed trading system monitors registered exchange transactions and makes sure that they don't breach regulatory rules. It is a centralized hub that allows the government to easily monitor exchange data and capital health, not serving any retail traders like Binance, etc. Most Indonesian traders that I know of still use their favorite exchanges as usual, there's not even a campaign or socialization about this to end users. That's not surprising since the target is not them to begin with. CMIIW.
Well, finally someone has given a statement that is quite correct, at least as you have said, the government has regulations that are given to several exchange places that run in their country and I think also several governments in other countries have policies that are almost the same as this.
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Do you think each country in the future will have its exchange they own?
Everything is possible in the future. I believe that in the future each government will have their exchange and make all the citizens to register compulsorily and complete KYC. By this time will be the apex of censoring and control by the government. We are looking upto bitcoin decentralization to save us by this time because privacy coins might be defeated by then.
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I don't think, not good ideas each country has own local currency exchange market owned by government because most of them has difficult regulation exactly with some countries still against with bitcoin and altcoin. I think government just controlling with regulation only about the local currency exchange and its not matter although bitcoin not becoming legal currency transaction, in my country have several local exchange currencies but keep controlling by the personal owner not government, just allowing with government regulation and need their following before listing some new coins on the local exchange market currency.
If there are coins not get allowing from government regulation can't listing with our local exchange, its have running more than two years ago.
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I don't think, not good ideas each country has own local currency exchange market owned by government because most of them has difficult regulation exactly with some countries still against with bitcoin and altcoin. I think government just controlling with regulation only about the local currency exchange and its not matter although bitcoin not becoming legal currency transaction, in my country have several local exchange currencies but keep controlling by the personal owner not government, just allowing with government regulation and need their following before listing some new coins on the local exchange market currency.
If there are coins not get allowing from government regulation can't listing with our local exchange, its have running more than two years ago.
They wont really be easily making out such step. Come to think that El Salvador didnt create one considering that it had made out Bitcoin as a legal tender but doesnt mean that they would really be going into such far extent into this regard. We do know or indeed that still lots of government do really sees up Bitcoin or crypto to be a bad thing. Even though we do already have that ETF
approvals or integration but doesnt mean that its already that fine. We've seen exchange bans recently and this is something that would really be continuing to happen no matter what and
this is something that we cant really be able to stop once they would really be making out decisions.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Some government see crypto as a ponzi scheme and mostly used by criminals. So if they look crypto that way, there's no reason for them to make crypto exchanges. However, there are Countries who see crypto that can give impact to their economy that's why I'm looking forward to see this. Yes, government today are approving ETF but it's not new to us because it already happened before, it can also be used to manipulate the market. So I don't think ETF approval can be the caused.
You know, sometimes that's the sad thing if they treat Bitcoin as bad or like a Ponzi scheme, but they don't think that fiat can also be used in Ponzi schemes to scam.
But there are other countries that support the CBDC where they don't like cryptocurrency or Bitcoin but want to create their own coin that they will list on exchanges that are regulated by the government. This is where you can see the discrimination, but their target is to get the communities into crypto or bitcoin.
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You know, sometimes that's the sad thing if they treat Bitcoin as bad or like a Ponzi scheme, but they don't think that fiat can also be used in Ponzi schemes to scam.
But there are other countries that support the CBDC where they don't like cryptocurrency or Bitcoin but want to create their own coin that they will list on exchanges that are regulated by the government. This is where you can see the discrimination, but their target is to get the communities into crypto or bitcoin.
The Ponzi scheme was once a hype in its time and with Bitcoin it has become an alternative payment method for the Poinzzi system. I think to this day there are still many who use Bitcoin as other crimes because that is what finally created the rules for using Bitcoin so that no one loses because of Bitcoin.
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I think it should not really be regards to government, but banks instead. I feel like if banks start doing it, which is quite possible, that will change things. Imagine opening up your bank app and buying bitcoin and storing there, it would be insane. By the way, I am not even saying that they should buy it beforehand or anything, they can work EXACTLY like exchanges, so you need to put up the bitcoin first to be credited. Considering they are really strong on security, because they have billions and billions, that means we are talking about not having that much trouble with the security issue neither.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Every country may have exchanges, but won't be for a crypto only. Commonly, the exchanges for stocks.
Regarding ETF, it won't be adopted in every country because each country has their own regulation. In my country, it seems quite hard to have a special crypto exchange owned by the government. There should be many people who dislike the decision.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Bitcoin is legal in most countries around the world, with El Salvador accepting Bitcoin as legal tender. But they also haven't created their own exchange so I prefer not to create their own exchange, because already there are exchanges all over the world. So it is better to give more importance to bitcoin hold because you can be successful if you deposit money in the bank as well as someone who deposits bitcoins. We will have enough space to exchange as much but the exchange will be required if the bitcoins are accumulated. So I think it is important to give more importance to Bitcoin Hold.
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I think it should not really be regards to government, but banks instead. I feel like if banks start doing it, which is quite possible, that will change things. Imagine opening up your bank app and buying bitcoin and storing there, it would be insane. By the way, I am not even saying that they should buy it beforehand or anything, they can work EXACTLY like exchanges, so you need to put up the bitcoin first to be credited. Considering they are really strong on security, because they have billions and billions, that means we are talking about not having that much trouble with the security issue neither.
While the idea of government or bank operated exchanges could streamline certain regulatory processes and potentially offer more robust security, the essence of crypto’s appeal to many decentralization and user autonomy might be at odds with such centralization. Additionally, the technical and regulatory agility required to navigate the crypto space is quite demanding, which might not be the forte of traditional banks or government entities. It would be crucial to find a balance that safeguards users’ interests and the system’s integrity without stifling the innovative spirit that has propelled the growth of cryptocurrencies.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Bitcoin is legal in most countries around the world, with El Salvador accepting Bitcoin as legal tender. But they also haven't created their own exchange so I prefer not to create their own exchange, because already there are exchanges all over the world. So it is better to give more importance to bitcoin hold because you can be successful if you deposit money in the bank as well as someone who deposits bitcoins. We will have enough space to exchange as much but the exchange will be required if the bitcoins are accumulated. So I think it is important to give more importance to Bitcoin Hold.
Even in my own country which is a developing country, governments also do not have their own exchanges or those they manage.
Exchange is always created and managed by other parties outside the government.
The government will only collect taxes from the exchange so that whether it has an exchange or not, the government still benefits.
Bitcoin storage is also not recommended on third-party exchanges, because it will be risky because it does not hold your own keys, not your keys not your coins.
Holding Bitcoin is only recommended on private swallows with good security, such as hardware wallets, or mobile swallows that are free to use.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
Bitcoin is legal in most countries around the world, with El Salvador accepting Bitcoin as legal tender. But they also haven't created their own exchange so I prefer not to create their own exchange, because already there are exchanges all over the world. So it is better to give more importance to bitcoin hold because you can be successful if you deposit money in the bank as well as someone who deposits bitcoins. We will have enough space to exchange as much but the exchange will be required if the bitcoins are accumulated. So I think it is important to give more importance to Bitcoin Hold.
To create your own exchange you need a large amount of capital and complicated permits which are not as easy as imagined, the need for trustworthy relationships is also a major factor in building your own exchange. Maybe every month you also have to pay quite a large tax, therefore not all countries Those who have money immediately build their own exchange because it has to be considered carefully.
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So it is better to give more importance to bitcoin hold because you can be successful if you deposit money in the bank as well as someone who deposits bitcoins. We will have enough space to exchange as much but the exchange will be required if the bitcoins are accumulated. So I think it is important to give more importance to Bitcoin Hold.
Are you suggesting that the government or banks should offer custody services and that the public should use them? Or are you suggesting that people should keep holding their Bitcoin? If it is the former, I don't think many will like that idea. That would not be so different from storing your coins on exchanges, which means you don't have any control over it. Not to mention the interest is probably not worth the risk at all.
Even in my own country which is a developing country, governments also do not have their own exchanges or those they manage.
Exchange is always created and managed by other parties outside the government.
I think they can definitely launch a government-owned exchange (I don't think any law prohibits them from doing so since Bitcoin is not a key resource, CMIIW), but the risk and push-back are probably not worth the cost hence why they resort to collecting taxes directly from exchanges.
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If there is a crypto marketplace owned by the government, the government will not let the public know they own the marketplace. We probably are using them already.
Know this, they are watching what you are doing, listening you
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
The banks already exists, and they are working with the government because they are regulated and given instructions and order from the CBN. The CBN is operated by the government, so no need for the government to open and exchange, when a bank is there to serve that purpose. Bitcoin will be accepted to buy and sell in banks with fiat currency. You can keep your bitcoin in their custody and when you need it, they pay you in fiat. If you want to also buy, you buy with fiat.
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So far not any country has their owned exchange market, I think difficult because many countries still not become legal currency transaction and seems impossible exchange owned by government. El Savador have adopted bitcoin as legal currency transaction but they don't have ideas to make own exchange for cryptocurrency, seems most dependent when exchange owned outside from government.
In my country Indonesia the government just taking taxes from an exchange market, they don't have owned exchange because bitcoin and altcoin become legal for payment transaction but legal for commodity or trading assets.
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The banks already exists, and they are working with the government because they are regulated and given instructions and order from the CBN. The CBN is operated by the government, so no need for the government to open and exchange, when a bank is there to serve that purpose. Bitcoin will be accepted to buy and sell in banks with fiat currency. You can keep your bitcoin in their custody and when you need it, they pay you in fiat. If you want to also buy, you buy with fiat.
The government is always like that, they give strict prohibitions to the public not to make transactions using Bitcoin, but in the end the government also understands Bitcoin and many of them have assets in Bitcoin. Money resulting from corruption can be saved in Bitcoin because your assets can be saved. saved and only they know the secret key.
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Do you think each country in the future will have its exchange they own?
The government regulatory bodies are already looking into crypto and giving a green light to the ETF. In order for them to regulate thoroughly an exchanged owned by the government will make their job easier. is it possible?
I think that other crypto enthusiasts like us are already expecting that when the day comes, it will be really possible for the government to do that since they cannot stop people from entering the crypto space. But even if the opportunity comes for them to do that, it will not click, in my opinion.
Of course, we crypto enthusiasts will not enjoy the exchange made by the government because we know our privacy there, and we will probably be taxed for sure in the end.
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Do you think each country in the future will have its exchange they own?
It's very possible... even now in my country the government still intervenes in cryptocurrency tax management through the exchanges they supervise. Here there are only exchanges that have permission from the local government, and every few periods, the exchange will deposit tax money deducted from the transactions of each user of the exchange.
The government is always watching us, and this does not rule out the possibility of an exchange platform being acquired if the government wants to control the people in my country in an even more annoying way.
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The government is always watching us, and this does not rule out the possibility of an exchange platform being acquired if the government wants to control the people in my country in an even more annoying way.
The government do not need to acquire an exchange to have control. If the exchange is given license in the country, the government in that country will have control to a great extent on the exchange. What the government will want most is effective ways to tax people and not a way to take over an exchange. I think private and partnership exchanges will be better and I have not seen any exchange that the government took over before.
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The government is always watching us, and this does not rule out the possibility of an exchange platform being acquired if the government wants to control the people in my country in an even more annoying way.
The government do not need to acquire an exchange to have control. If the exchange is given license in the country, the government in that country will have control to a great extent on the exchange. What the government will want most is effective ways to tax people and not a way to take over an exchange. I think private and partnership exchanges will be better and I have not seen any exchange that the government took over before.
we have however seen exchange that the government tried to investigating after the allege hacking. i they can investigate an exchange as they can easily take over as well if they wanted to.
there are exchanges that government supports which i think in India is the WazirX which is quite popular for them. the local exchanges are often going to be supported by the government. US government openly did that when they send Silkroad coins to coinbase.
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The government is always watching us, and this does not rule out the possibility of an exchange platform being acquired if the government wants to control the people in my country in an even more annoying way.
The government do not need to acquire an exchange to have control. If the exchange is given license in the country, the government in that country will have control to a great extent on the exchange. What the government will want most is effective ways to tax people and not a way to take over an exchange. I think private and partnership exchanges will be better and I have not seen any exchange that the government took over before.
we have however seen exchange that the government tried to investigating after the allege hacking. i they can investigate an exchange as they can easily take over as well if they wanted to.
there are exchanges that government supports which i think in India is the WazirX which is quite popular for them. the local exchanges are often going to be supported by the government. US government openly did that when they send Silkroad coins to coinbase.
Yes, that's right, but the amount of money contained in this alleged hack is very large, if the government wants to take over all the assets resulting from the hack then that's impossible because I'm sure the market also wants to get that money, it's possible there will be a division between the government and the market for mutual benefit.