crypto exchange owned by government possible?

[Captain Corporate]

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.

[debra]

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.

[Power420]

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.

[luckyledger]

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.

[taufik123]

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.

[TopT3ns]

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.

[joniboini]

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.

[jesuschrist!]

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

[Sim_card]

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.

[bounceback]

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.

[TopT3ns]

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.

[bettercrypto]

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.

[bayu7adi]

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.

[Charles-Tim]

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.

[electronicash]

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.