Can governments crack down on crypto?

[Gurujebs]

The government seems to have control over the existence of cryptocurrency in the world. Until now, there are still many people who believe that permits and decisions from the government always have an impact on the existence of cryptocurrency... but believe me that cryptocurrency is unstoppable.. even the government should not make the existence of cryptocurrency worse or weaken, because Bitcoin and others is decentralized and accepted by many people.[/list]

Government allow crypto to exist because they feel people have freedom of choice to investment but the existence of fraud, money laundering and ponzi schemes is the reason why government is trying to regulate tye crypto space sometimes but ofcourse, the government isn't reasonable when it comes to regulation, it doesn't favour people but just them alone.

The crypto industry is too big for the government to Crack down because billions of dollars are in there that belong to people, we also have many venture capitals and also institutional investors who have money here and will fight th government if they cross the line.

[KryptoBull]

Government allow crypto to exist because they feel people have freedom of choice to investment but the existence of fraud, money laundering and ponzi schemes is the reason why government is trying to regulate tye crypto space sometimes but ofcourse, the government isn't reasonable when it comes to regulation, it doesn't favour people but just them alone.

The crypto industry is too big for the government to Crack down because billions of dollars are in there that belong to people, we also have many venture capitals and also institutional investors who have money here and will fight th government if they cross the line.

Currently, if the US government wants to ban crypto, it means they are going against the world's largest investment funds, BTC mining companies and tens of millions of voters. No one wants to risk their political career to fight against a new industry that can bring revenue to the country and jobs to the people. A clear legal framework for crypto is what we are waiting for, which will help crypto be better managed, while supporting the police against criminals in the market.

On the other hand, authoritarian governments may not care about the people's wishes or the development opportunities for the country, they only want to protect their own power and interests. The fear of the new financial instrument, crypto, has led them to take extreme actions such as banning crypto or attacking exchanges. I think they are only making things worse over time because people will choose crypto over government.

[lepbagong]

The government can do many things if it wants but the government can't harm bitcoin or crypto currency if it wants.  Because millions of people in a country invest in virtual currency.  Therefore, if some actions of the government cause financial loss to those investors, then the government will have to take responsibility for that loss.  That's why the government doesn't crack down on Bitcoin at all despite doing a lot of things.

That's right, the government has full power in everything, but it can't do with Bitcoin, it's too risky if the government interferes in controlling Bitcoin, there will definitely be lots of problems that are always faced every day.

However, in a country, the government has full authority to do whatever it wants to do, but usually the government will accommodate if there is something that the community really needs.
But with bitcoin it can also be done, but usually you will also see the impact of the ban because bitcoin can be done without anyone's interference. So you will always look at the pros and cons of implementing enforcement against Bitcoin.
Because several large countries can also implement bans, but in broad practice whether this can work well is, of course, difficult to prove.