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Cryptocurrency discussions / Re: Crypto markets can exist without government permission
« on: May 15, 2024, 11:58:11 PM »In my perspective that governments are implicitly allowing Bitcoin, even if they don't allow it directly. When investment is allowed in a country then Bitcoin will also be considered as a payment method in that country but it may take a little longer time. Some countries have already legalized crypto and the number will gradually increase. After the emergence of Bitcoin most of the governments of the world did not support Bitcoin but that did not decrease people's interest in Bitcoin.The statement to every country that implicitly allows bitcoin only occurs in countries that do from the beginning provide regulations that seem to allow, but not completely.
But looking at some developing countries or developed countries that banned bitcoin from the beginning, there is certainly no loophole anymore.
My country Indonesia makes bitcoin as a commodity asset, and it is a regulation that allows bitcoin as a trading asset but cannot be a means of payment.
But gradually regulation can also pay off depending on every regulation made and some research on the advantages of using crypto.