Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: KryptoBull on March 14, 2024, 03:34:54 AM
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About 15 years ago, BTC was expected by Satoshi to become a currency, a crypto-currency, meaning that it could replace fiat in payments. Today, BTC itself and many other tokens are often seen as a store of value or financial instrument, their price appreciation brings profit to investors but that also means that fiat gradually depreciates against those tokens. Things get even more complicated when many people decide to store crypto like BTC, ETH and USDT instead of storing fiat because they believe that fiat is depreciating, while tokens will continue to appreciate.
This could really affect the role of fiat in the economy, undermining the economic control of governments through money printing. Depending on their perspective, different governments have different ways of behaving. The EU wants to regulate crypto so it has issued the MiCA law [1], while China wants to ban crypto [2]. The Nigerian government alone wants to have a whole drama related to crypto [3].
Recently, after blaming crypto for the devaluation of the naira currency, the Nigerian government banned all crypto exchanges in Nigeria [4]. In particular, the Nigerian government suspects that Binance is involved in a $26B illegal money flow that has negatively impacted the Nigerian economy. To address these suspicions, they have arrested two Binance executives and demanded information about Binance's users [5]. Binance has denied any wrongdoing and has called for the immediate release of its executives. The company is cooperating with the Nigerian authorities in their investigation [6].
This incident raises important questions about the regulation of crypto exchanges. Governments around the world are still grappling with how to best oversee these new and rapidly growing crypto companies. The Nigerian government's actions remind us of the potential for conflict between governments and crypto exchanges. I think Nigeria is just trying to suppress crypto with extreme and ill-advised behavior.
With its decentralized nature, crypto will continue to exist without the permission of governments. However, in order to develop and grow stronger, crypto also needs friendly access from governments around the world, otherwise things will become extremely complicated: when crypto trading and CEXs are banned, market liquidity will collapse, investors will not want to participate in the market, and the crypto market will lose potential investors and new money. DeFi and P2P can still exist, but the crypto market will not be able to develop as strongly as in countries that accept crypto.
Given the extreme actions and the state of the crypto market in countries like China and Nigeria, I am really worried that even though crypto cannot be destroyed, governments still have enough power to suppress and stifle its development in their countries. If this situation spreads to other countries and is imitated by other governments, things could be worse than we can imagine.
I hope that in the near future, major governments will soon accept crypto and issue a legal framework to manage and collect taxes on crypto income as a legitimate asset class. Extreme actions to attack the crypto market also need to be opposed and condemned by the crypto community.
I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
References:
[1] MiCA, EU’s Comprehensive New Crypto Regulation, Explained (https://www.coindesk.com/learn/mica-eus-comprehensive-new-crypto-regulation-explained/)
[2] China Never Completely Banned Crypto (https://www.coindesk.com/consensus-magazine/2024/02/05/china-never-completely-banned-crypto/)
[3] An overview of cryptocurrency regulations in Nigeria (https://cointelegraph.com/learn/crypto-regulations-in-nigeria)
[4] Nigeria targets cryptocurrency in bid to end naira freefall (https://sg.news.yahoo.com/nigeria-targets-cryptocurrency-bid-end-075831754.html)
[5] Binance Executives’ Detention Could Spark Diplomatic Crisis in Nigeria (https://beincrypto.com/binance-nigeria-hostages/)
[6] Binance says it trained investigators in Nigeria under government cooperation (https://cointelegraph.com/news/binance-trained-investigators-nigeria-under-government-cooperation)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5488810)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
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Whether we admit it or not, governments have the power to make the whole cryptocurrency market go to the south by banning the whole thing just like what we saw years ago in China and although there can still be some who are involved with crypto underground we know that the market is never the same as in previously in an open market. No government can stop or control cryptocurrency but the business surrounding them can be a lot restricted and its growth stifled if the government will exercise its state power to stop the industry from doing its normal business.
1. Can crypto continue to thrive without the support of governments?
Yes, there is still a big possibility that crypto can thrive in an environment where the government is so hostile against it but it would be impossible to flourish as the people would be so afraid to join the industry for fear of losing their money and even prosecution from authorities. The best example on this is, of course, China. I could not imagine the price of BTC right now if the China market was not killed by the government.
2. Do you think governments can suppress and restrain the crypto market with their power?
This all depends on the kind of government we are dealing with. Under an authoritarian regime, everything can be done with a stroke of a pen or even a pronouncement without the benefit of any law passed by its own legislature. There are many governments right now who are looking at cryptocurrency as their enemy as we know that crypto can be an empowering tool...something some governments may not have a liking with.
3. If you were the head of government, would you accept or reject the crypto opportunity for your country?
One day when I would be the President or Prime Minister of my country, I would totally support cryptocurrency and invite many legit exchanges from abroad to come and have business with my people. But everything has to be in order, legal and above the board. I would not tolerate any scam and scammers as well as hackers will be crucified in the public. I would also include Bitcoin as part of my country's reserve aside from gold, US Dollar and Euro. I am for regulations in a win-win fashion where both sides are benefitted and no one loses.
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- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
To the first question, Bitcoin right now is standing at it ATH of 73K$ and all this has happened with out support of any big powers. Bitcoin has made it from zero dollars to 73k in almost 14 years and it's very much obvious that it will continue to survive and excel without support of govt.
Secondly, there is only one decentralised crypto currency i.e. Bitcoin, rest are all centralised one. Governments can only control the centralised one.
Thirdly, as a head of state no one will accept Bitcoin. Bitcoin is created for it's own purpose and was never created to replace fiat. Both have there own importance and will continue to exists side by side.
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Actually bitcoin depend on their investor without support from government keep increasing the higher price, but get difficult for selling or buying bitcoin without support bank deposit for the beginner when using local exchange currency market. I think government can't crack down totally with bitcoin but they have power to stop or banned bitcoin transaction from closing exchange market access until not allowed to withdraw crypto assets to fiat using bank account.
Today bitcoin have give positive impact and take benefit each other between by adopting taxes transaction for cryptocurrency, government will not suspend using bitcoin for transaction any more behind how much taxes earn every month.
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If the government wanted to ban cryptocurrency, it would have done it a long time ago, when this field of activity was just in its infancy. Then it would be much easier and faster to do this. But now, when it has already fully formed and become a part of people’s lives, no one will be able to completely ban crypto. Also, even the Governments of many countries keep a large part of their money in cryptocurrency. And they will not saw the branch they are sitting on.
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If the government wanted to ban cryptocurrency, it would have done it a long time ago, when this field of activity was just in its infancy. Then it would be much easier and faster to do this. But now, when it has already fully formed and become a part of people’s lives, no one will be able to completely ban crypto. Also, even the Governments of many countries keep a large part of their money in cryptocurrency. And they will not saw the branch they are sitting on.
Yeah you are right! We've seen bans everywhere and there are ones who had lifted that ban and there are ones who do become that neutral when it comes to crypto.Why?
They cant do any shit with it, yes they could be able to impose those centralized companies or platforms but they are really just that only good until there but making that control
in overall then it would really be something that cant be possible and for sure the government had been still that keeping on trying out their best to control it out
but well this market cant be totally that be manipulated and this is why its not surprising that it do really get that such attention.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
Bitcoin can exist without governments, because it is not based on speculation, but on decentralization and in a real demand for a global currency, internet money, etc.
Other cryptocurrencies are not that resilient, so the rest of the crypto market certainly need government acceptance and depends on regulations.
(https://th.bing.com/th/id/R.3b8e7719976bac6583ab806f0ce4fc87?rik=0p4jFIL%2bP23%2bWw&pid=ImgRaw&r=0)
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Recently, after blaming crypto for the devaluation of the naira currency, the Nigerian government banned all crypto exchanges in Nigeria [4]. In particular, the Nigerian government suspects that Binance is involved in a $26B illegal money flow that has negatively impacted the Nigerian economy. To address these suspicions, they have arrested two Binance executives and demanded information about Binance's users [5]. Binance has denied any wrongdoing and has called for the immediate release of its executives. The company is cooperating with the Nigerian authorities in their investigation [6].
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
I am really shocked at the behavior of the Nigerian government: they understand the law but break the law by illegally detaining people before there is any official conclusion from the court. The accusation that crypto exchanges cause local currency devaluation is just a statement by a presidential advisor, not the result of an official and clearly convicted lawsuit. Nigeria is becoming a dangerous country for crypto projects @@
1. I believe that crypto will still develop but it will be difficult to be strong if the government bans crypto transactions or ownership.
2. Governments have the power to issue laws banning or severely punishing behaviors related to the crypto market. They also have to listen to the people, but when they need to protect their power, they will take extreme actions.
3. If I were to decide, I would allow crypto to exist as a commodity, which could be owned and traded legally, profits would be taxed to supplement the budget, and help develop the country ;D
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Can crypto continue to thrive without the support of governments?
As you already wrote, if governments would ban CEXs, mining and any interaction of banks with the crypto world, then trading would actually only be possible with cash. Cryptocurrencies would be forced to go underground, and the impact on their survival and price would be catastrophic.
Do you think governments can suppress and restrain the crypto market with their power?
Of course, everything I wrote above is actually the answer to this question - governments have elements of power in their hands with which they govern the world and cryptocurrencies are something that most of them tolerate (for now).
If you were the head of government, would you accept or reject the crypto opportunity for your country?
Countries where one person makes decisions are not a very good example of democracy - so I think that for such things there should always be an agreement of all the competent bodies of a country, and in democratic countries like Switzerland people are always asked about such things in a referendum.
I would never impose something on people without asking them if they wanted it, and even if they wanted it, I would make sure that they were protected from scams.
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If the government wanted to ban cryptocurrency, it would have done it a long time ago, when this field of activity was just in its infancy. Then it would be much easier and faster to do this. But now, when it has already fully formed and become a part of people’s lives, no one will be able to completely ban crypto. Also, even the Governments of many countries keep a large part of their money in cryptocurrency. And they will not saw the branch they are sitting on.
Exactly because cryptocurrency is now most acceptable field of earning accepted by numerous individuals and if government want to banned cryptocurrency then they would have done it long ago when not large number of people were involved in it.
I think if success rate of crypto remain the same for longer then crypto will not ban it but instead of stopping its use government will add its role and will give permission to use crypto throughout the world.
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But why? Thats my question about it and that's important. I think the "request" or fear that government could crack down on this might be a little way too much, it feels like we are going to end up with something that may not be all that reasonable for them to do. Anytime anyone feels like governments may ban it, my first reaction is always "why?" because I do not see the logic there. Don't get me wrong, I am not saying they won't, there has been a lot of illogical stuff coming out of governments all around the world, but I do not see the proper reason for doing something like this at this moment.
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- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
Satoshi's idea of why he created Bitcoin is to be decentralized so it doesn't have to be government-dependent or compatible with the terms of the government, and if the governments are capable of suppressing the Crypto market they should have done that years ago when Bitcoin the main Cryptocurrency is just starting, after several years it just proved that they can't.
And if I were the head of the government I would support its full implementation it's good for the many industries and new technology should be adopted for a nation to move forward.
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Actually, crypto is independent, most of them are created for decentralization.
But in fact, it still cannot be that decentralized. Because there are indeed several things or obstacles that require crypto to be related to various regulations in certain countries.
If it's just about the coin, it's very possible to be independent. However, if it is related to other implementations, it still cannot be separated from various specific government interventions.
such as related to various exchanges that must be under the auspices of certain institutions, regulations for project creation and development, and also other things. So far we have encountered lots of CEXs spread globally. And some of them are also CEXs which must be under local government regulations. This means that the government still has the power to do so.
but of course, it won't work 100% because there are still many other ways to avoid it. There is still a DEX and also a P2P system which is quite trustworthy. So, it depends on each of us who will be involved and where we will go.
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Satoshi's idea of why he created Bitcoin is to be decentralized so it doesn't have to be government-dependent or compatible with the terms of the government, and if the governments are capable of suppressing the Crypto market they should have done that years ago when Bitcoin the main Cryptocurrency is just starting, after several years it just proved that they can't.
And if I were the head of the government I would support its full implementation it's good for the many industries and new technology should be adopted for a nation to move forward.
It is true that Satoshi Nakamoto's main goal is as you mentioned, but in reality currently the government is starting to interfere in the world of cryptocurrency, even people who are able to provide world financial movements are also getting into cryptocurrency and trying to control Bitcoin price movements.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
1. Well, we've seen cryptocurrency thrive for more than a decade now. We've seen Bitcoin thriving for more than a decade now, and take note, governments around the world have little to no support for it. Some even banned it in their own country. Yes, we've seen 1 or 2 governments supporting it by declaring it as legal tender in their own country, but I believe that even without the help of the governments, cryptocurrency will thrive. On the other hand, though, it will be a big hit for the crypto, and to us investors if most if not all of the governments decide to ban it in their country.
2. We've seen governments banning cryptocurrency in their country, and although people can still access it, it's still hard for them to have access to it without anybody suppressing it. Do I see more governments doing the same? There's a chance, but for now, I don't see them doing it. Regulating it would be better for the country as a whole.
3. 100% accept. I mean we are involved in cryptocurrency, and I know that most of us benefitted from crypto so why reject it? Scams? Just teach the people how not to get scammed.
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- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
1. Yes. Bitcoin in early days and Monero are the prime example. Although i expect many cryptocurrency would be dead if all government stop all form of support towards cryptocurrency.
2. Yes, they could stop such activity on all legal centralized service.
3. Yes, but i would only explicitly accept major coin which has been around for long time.
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All I can say is that I also know that everyone knows that no one can control Bitcoin because of the decentralization features it has. So I am interested in a country or government that is open to blockchain technology, bitcoin, or cryptocurrency. Because they think about the welfare of their constituent citizens, who can be helped by bitcoin or cryptocurrency.
And one of those, for example, is what El Salvador did to make Bitcoin and other cryptocurrencies legal tender in their country.
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1. Can crypto continue to thrive without the support of governments?
2. Do you think governments can suppress and restrain the crypto market with their power?
3. If you were the head of government, would you accept or reject the crypto opportunity for your country?
1. Yes. Crypto can continue to thrive without the support of governments but much better if they will allow it's citizens to freely take part into this growing industry.
2. Yes, and we are left no choice on this. If they totally ban crypto in any country we will be having a hard time making deposits and withdrawal transactions locally. Access to certain sites and platforms is also a problem.
3. If I am the head of the government here in my country I will make crypto investments open so citizens will be able to jump-in in a more convenient way however there will always have regulations whether it's foreign and local exchanges so there is no monopoly and I hate deals under the table. Users can choose the best liquidity for their investments and grab every opportunity crypto has to offer.
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OP I am replying based on your topic and as we can see it is self explanatory. Of a truth government as an institution is so powerful that it can do and undo. I have no doubt about what you have said because crypto depends on individuals to execute it and those individuals belongs to the society being governed and those governments have stipulated rules and regulations governing them so in that case, the government can go to any extent to suppress crypto activities within their jurisdiction limiting crypto activities but they can never stop it.
Looking at the Nigeria government and binance saga, what I can be able to deduce from the tussle is that the Nigeria government is not happy for the fact that huge amount of money have been moving through Crypto without the government benefiting from the transactions with respect to taxation and other entitlement due the government. Hence their agitation and fight with binance. I believe crypto made its arrival timely and nobody would be able to wipe off the pace already created but rather they would gradually adopt and implement it into their system.
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OP I am replying based on your topic and as we can see it is self explanatory. Of a truth government as an institution is so powerful that it can do and undo. I have no doubt about what you have said because crypto depends on individuals to execute it and those individuals belongs to the society being governed and those governments have stipulated rules and regulations governing them so in that case, the government can go to any extent to suppress crypto activities within their jurisdiction limiting crypto activities but they can never stop it.
Looking at the Nigeria government and binance saga, what I can be able to deduce from the tussle is that the Nigeria government is not happy for the fact that huge amount of money have been moving through Crypto without the government benefiting from the transactions with respect to taxation and other entitlement due the government. Hence their agitation and fight with binance. I believe crypto made its arrival timely and nobody would be able to wipe off the pace already created but rather they would gradually adopt and implement it into their system.
I think there have always been people in the Nigerian government who keep up with the development of crypto, but their voices are not enough for the government to become more friendly to crypto and more responsible for the domestic economy. As a result, Nigerian government used the most extreme measures to make Nigeria a dangerous country for any crypto company in the future.
It is possible that the political careers of government leaders are more important than the development of the country, which is why they are taking such a tough stance. The naira had already depreciated badly before centralized exchanges had P2P in the country, which shows that it was the domestic economic recession that caused the naira to depreciate, not crypto or exchanges. Exchanges only want to do business and make a profit, they have no purpose in negatively impacting the value of the domestic currency against the USD.
I wish Binance will be able to sort out this trouble with the Nigerian government, other CEXs should also be cautious and stay away from this dangerous market for the time being. Crypto users in Nigeria will have to trade crypto more difficultly through P2P markets that are less liquid than CEXs.
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crypto can develop without the government, where we see that there has never been real support for crypto itself throughout the world, only some support it and others prohibit it, but we can see crypto from the beginning of circulation until now and has experienced ups and downs and still survives,
If I were the head of government, and I understood crypto, maybe I would accept crypto, but I couldn't possibly make decisions unilaterally, of course I had to communicate with sub-parts of my government, because as we know, not everyone knows and understands crypto. , even if they knew would they accept ,
So I return it all to the people whether they want to use this crypto or not
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About 15 years ago, BTC was expected by Satoshi to become a currency, a crypto-currency, meaning that it could replace fiat in payments. Today, BTC itself and many other tokens are often seen as a store of value or financial instrument, their price appreciation brings profit to investors but that also means that fiat gradually depreciates against those tokens. Things get even more complicated when many people decide to store crypto like BTC, ETH and USDT instead of storing fiat because they believe that fiat is depreciating, while tokens will continue to appreciate.
This could really affect the role of fiat in the economy, undermining the economic control of governments through money printing. Depending on their perspective, different governments have different ways of behaving. The EU wants to regulate crypto so it has issued the MiCA law [1], while China wants to ban crypto [2]. The Nigerian government alone wants to have a whole drama related to crypto [3].
Recently, after blaming crypto for the devaluation of the naira currency, the Nigerian government banned all crypto exchanges in Nigeria [4]. In particular, the Nigerian government suspects that Binance is involved in a $26B illegal money flow that has negatively impacted the Nigerian economy. To address these suspicions, they have arrested two Binance executives and demanded information about Binance's users [5]. Binance has denied any wrongdoing and has called for the immediate release of its executives. The company is cooperating with the Nigerian authorities in their investigation [6].
This incident raises important questions about the regulation of crypto exchanges. Governments around the world are still grappling with how to best oversee these new and rapidly growing crypto companies. The Nigerian government's actions remind us of the potential for conflict between governments and crypto exchanges. I think Nigeria is just trying to suppress crypto with extreme and ill-advised behavior.
With its decentralized nature, crypto will continue to exist without the permission of governments. However, in order to develop and grow stronger, crypto also needs friendly access from governments around the world, otherwise things will become extremely complicated: when crypto trading and CEXs are banned, market liquidity will collapse, investors will not want to participate in the market, and the crypto market will lose potential investors and new money. DeFi and P2P can still exist, but the crypto market will not be able to develop as strongly as in countries that accept crypto.
Given the extreme actions and the state of the crypto market in countries like China and Nigeria, I am really worried that even though crypto cannot be destroyed, governments still have enough power to suppress and stifle its development in their countries. If this situation spreads to other countries and is imitated by other governments, things could be worse than we can imagine.
I hope that in the near future, major governments will soon accept crypto and issue a legal framework to manage and collect taxes on crypto income as a legitimate asset class. Extreme actions to attack the crypto market also need to be opposed and condemned by the crypto community.
I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
References:
[1] MiCA, EU’s Comprehensive New Crypto Regulation, Explained (https://www.coindesk.com/learn/mica-eus-comprehensive-new-crypto-regulation-explained/)
[2] China Never Completely Banned Crypto (https://www.coindesk.com/consensus-magazine/2024/02/05/china-never-completely-banned-crypto/)
[3] An overview of cryptocurrency regulations in Nigeria (https://cointelegraph.com/learn/crypto-regulations-in-nigeria)
[4] Nigeria targets cryptocurrency in bid to end naira freefall (https://sg.news.yahoo.com/nigeria-targets-cryptocurrency-bid-end-075831754.html)
[5] Binance Executives’ Detention Could Spark Diplomatic Crisis in Nigeria (https://beincrypto.com/binance-nigeria-hostages/)
[6] Binance says it trained investigators in Nigeria under government cooperation (https://cointelegraph.com/news/binance-trained-investigators-nigeria-under-government-cooperation)
Note:
- My opinion was posted first in that topic, on Bitcointalk (https://bitcointalk.org/index.php?topic=5488810)
- I leave the source link to avoid plagiarism accusation.
- I excluded/ included minor things from an original thread if necessary.
However it's possible for government to crack down the use of crypto. In most countries have already banned crypto exchange and coin offers like china, it's very certain that government can limit the use of crypto currency. It's also no use that many government are still figuring out ways to deal with crypto. Some have set rules, and rules will continue to evolve us.
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However it's possible for government to crack down the use of crypto. In most countries have already banned crypto exchange and coin offers like china, it's very certain that government can limit the use of crypto currency. It's also no use that many government are still figuring out ways to deal with crypto. Some have set rules, and rules will continue to evolve us.
Actually there is no point in the government restricting crypto in their country, their citizens can still invest and trade even if the country's IP blocks crypto. In my opinion, the government should legalize crypto investment.
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crypto can develop without the government, where we see that there has never been real support for crypto itself throughout the world, only some support it and others prohibit it, but we can see crypto from the beginning of circulation until now and has experienced ups and downs and still survives,
If I were the head of government, and I understood crypto, maybe I would accept crypto, but I couldn't possibly make decisions unilaterally, of course I had to communicate with sub-parts of my government, because as we know, not everyone knows and understands crypto. , even if they knew would they accept ,
So I return it all to the people whether they want to use this crypto or not
Adopting crypto is a long-term strategy, potentially taking many years to ensure that the economy is ready for a new type of asset or payment method. I believe that at this point, politicians are also learning about crypto, US congressional candidates are also talking about crypto to gain voter support, crypto is one of the most hotly debated issues in many countries and we are starting to have separate legal frameworks for crypto like MiCA in the EU.
If you are a head of government, your perspective is extremely important, you should have an open mind about crypto, the legal framework will be discussed by other members. We have had enough test results to refer to: the success of El Salvador with BTC, the failure of Venezuela with CBDC, the success of BTC spot ETF in the US...
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However it's possible for government to crack down the use of crypto. In most countries have already banned crypto exchange and coin offers like china, it's very certain that government can limit the use of crypto currency. It's also no use that many government are still figuring out ways to deal with crypto. Some have set rules, and rules will continue to evolve us.
Actually there is no point in the government restricting crypto in their country, their citizens can still invest and trade even if the country's IP blocks crypto. In my opinion, the government should legalize crypto investment.
To our satisfaction, it will not be the case, there will still be government around the world that is going to be against crypto no matter what and they will not change their stance. But that is ok, 50/50 we will take that as a big win for us. And it's up to the people, we have heard stories of some countries that have a hard line stance, and yet their population is doing crypto activities, buying/selling and holding. So there's no way that they can stop it although there is risk for this individuals but they are all willing because they know what let's say having Bitcoin in a bull run can do to them.
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The government has power, I think that could be a reason to take action against crypto. But what should be done? Currently, more and more people and even government agencies understand crypto, so they will not take action against crypto but will instead support it.
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OP I am replying based on your topic and as we can see it is self explanatory. Of a truth government as an institution is so powerful that it can do and undo. I have no doubt about what you have said because crypto depends on individuals to execute it and those individuals belongs to the society being governed and those governments have stipulated rules and regulations governing them so in that case, the government can go to any extent to suppress crypto activities within their jurisdiction limiting crypto activities but they can never stop it.
Looking at the Nigeria government and binance saga, what I can be able to deduce from the tussle is that the Nigeria government is not happy for the fact that huge amount of money have been moving through Crypto without the government benefiting from the transactions with respect to taxation and other entitlement due the government. Hence their agitation and fight with binance. I believe crypto made its arrival timely and nobody would be able to wipe off the pace already created but rather they would gradually adopt and implement it into their system.
I think there have always been people in the Nigerian government who keep up with the development of crypto, but their voices are not enough for the government to become more friendly to crypto and more responsible for the domestic economy. As a result, Nigerian government used the most extreme measures to make Nigeria a dangerous country for any crypto company in the future.
It is possible that the political careers of government leaders are more important than the development of the country, which is why they are taking such a tough stance. The naira had already depreciated badly before centralized exchanges had P2P in the country, which shows that it was the domestic economic recession that caused the naira to depreciate, not crypto or exchanges. Exchanges only want to do business and make a profit, they have no purpose in negatively impacting the value of the domestic currency against the USD.
I wish Binance will be able to sort out this trouble with the Nigerian government, other CEXs should also be cautious and stay away from this dangerous market for the time being. Crypto users in Nigeria will have to trade crypto more difficultly through P2P markets that are less liquid than CEXs.
I have no doubt about your findings in the current crypto situations in Nigeria. All your statements are factual and I must say that crypto has no effect on the currency because too the naira began to devalue years back before crypto became popular here in Nigeria. The economy situation possibly is the major cause of the devaluation which non of the government officials are talking about because they know the truth but are just doing all these because they want the citizens to get distracted from knowing the truth but I am more curious about you as you sound like a Nigerian.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
1. Yes, it can, In several cases, it is really able to run it without supports of government.
2. To be honest, this is very unexpected, but in fact, this might happen. Indeed, it may not directly suppress the crypto market. but did several things and decisions that made the crypto market crash because of certain FUD that they created.
3. Luckily I live in a country that legalizes crypto as a commodity asset (even though it is still illegal as a means of payment or as currency), but from here, if I were the leader of that country, I would do it, of course with strict rules and making regulations based on an agreement within the government.
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Bitcoin has not needed the support of any country's government to get to the position it has so far. Moreover, most countries in the world, including their central banks, have opposed Bitcoin, yet Bitcoin has risen from zero to a maximum of $73,000 in its 14-year history. So for now I think Bitcoin can evolve at its own pace without government supportNo government support will be required. However, if a country's government, including its central bank, supports Bitcoin, then Bitcoin can perform better at its pace and play an important role as an emerging market. A country's government cannot single-handedly have a negative impact on the Bitcoin market, or even if it does, the impact is not long-lasting.
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I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.
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The government can Crack down on crypto exchanges but can't do anything to people that hold coins in a personal wallets. From the beginning, Satoshi has always warn everyone the use Bitcoin on platforms that you don't have their private keys, it shows you can't have access to the coin if the restrict you but if you have the private key, the government can't do anything.
Another thing is that with centralized exchanges, they do have a mandatory KYC to track down people, this can be a tool go the government to do what they like, this is why I said the government can only Crack down on exchange because they know they as a team but a person with his private key is anonymous and can't be identified even though the transaction is visible to the public
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I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.
It is true that Government would always want to discourage her citizens from transacting in Crypto but that does not make the Crypto market not grow. As a matter of fact the government wants to know their stand in taking tax from Crypto transactions that is why you see that they are hell bent on fighting third party exchange to get details of their citizens registered with them so they can be able to also get details of Crypto transactions and know how much they could charge.
All these talks of fighting terrorism and money laundering is a joke for all I think they are just making caricature of themselves.
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However it's possible for government to crack down the use of crypto. In most countries have already banned crypto exchange and coin offers like china, it's very certain that government can limit the use of crypto currency. It's also no use that many government are still figuring out ways to deal with crypto. Some have set rules, and rules will continue to evolve us.
Government has settled strick rules due to which there are certain countries where there there is no permission to use crypto but some people still use crypto without the permission of government. I think due to success of bitcoin many countries will accept bitcoin and some countries have already accepted bitcoin because limitation will not bring anything useful but bitcoin success can make the economy of a country better.
Every country has certain rules and regulations but these are changing with the passage of time according to the era so I think a day will arise when most of the country will using bitcoin as a legal currency.
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All I can say is that I also know that everyone knows that no one can control Bitcoin because of the decentralization features it has. So I am interested in a country or government that is open to blockchain technology, bitcoin, or cryptocurrency. Because they think about the welfare of their constituent citizens, who can be helped by bitcoin or cryptocurrency.
And one of those, for example, is what El Salvador did to make Bitcoin and other cryptocurrencies legal tender in their country.
I believe one of the reasons why the El Salvador president did accept bitcoin and other crypto currency as a legal tender is because he is a youth and very much open to innovation and technology. So far, all the president's that have objected to accepting bitcoin and crypto are old men along side with their executive council. They do not want their citizens to tap into crypto because they are afraid of losing ground.
From my observations, majority of the countries that really looked into crypto are bent in taxing crypto enthusiast per transaction they make so they could generate revenue for their nation. I am surprised that some so called advanced nations are still struggling to implement or adopt bitcoin just because it has no control by anybody.
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I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.
It is true that Government would always want to discourage her citizens from transacting in Crypto but that does not make the Crypto market not grow. As a matter of fact the government wants to know their stand in taking tax from Crypto transactions that is why you see that they are hell bent on fighting third party exchange to get details of their citizens registered with them so they can be able to also get details of Crypto transactions and know how much they could charge.
All these talks of fighting terrorism and money laundering is a joke for all I think they are just making caricature of themselves.
What you say is very true, governments always say something like that, however I know that governments say things like that so that they can control people, especially money laundering, but that is something that I don't see much impact on, I know that Governments can make or take these preventive measures trying to be the victims, but that is not the case, at least the government where I live is a government that really has things very given to fulfilling them for their own benefit, because each one of them has the things Without further ado, they don't care about the hype they have, everything for them is abundant, but for the people, if they are starving and have no benefits, that doesn't matter to them.
But since I cannot generalize, I know that there are people who live in developed countries, where the government is not like that, but is something else, that is the type of thing that we should see.
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All I can say is that I also know that everyone knows that no one can control Bitcoin because of the decentralization features it has. So I am interested in a country or government that is open to blockchain technology, bitcoin, or cryptocurrency. Because they think about the welfare of their constituent citizens, who can be helped by bitcoin or cryptocurrency.
And one of those, for example, is what El Salvador did to make Bitcoin and other cryptocurrencies legal tender in their country.
I believe one of the reasons why the El Salvador president did accept bitcoin and other crypto currency as a legal tender is because he is a youth and very much open to innovation and technology. So far, all the president's that have objected to accepting bitcoin and crypto are old men along side with their executive council. They do not want their citizens to tap into crypto because they are afraid of losing ground.
From my observations, majority of the countries that really looked into crypto are bent in taxing crypto enthusiast per transaction they make so they could generate revenue for their nation. I am surprised that some so called advanced nations are still struggling to implement or adopt bitcoin just because it has no control by anybody.
We dont know on whats on the mind of Bukele but its good that he had made out such decision on which we've seen that they do even that purchased coins even more on a dumping market
which does basically shows that they are really that positive towards it which its really that surprising for government would really be making out such decisions on which it did really basically shows that it is really that indeed possible on doing such stuff. In regarding about government crack down then pretty sure that they've been doing this long time
but still even up to now on which they had failed on cracking down Bitcoin or crypto as a whole.So they've decided to join up. ;D
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I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.
It is true that Government would always want to discourage her citizens from transacting in Crypto but that does not make the Crypto market not grow. As a matter of fact the government wants to know their stand in taking tax from Crypto transactions that is why you see that they are hell bent on fighting third party exchange to get details of their citizens registered with them so they can be able to also get details of Crypto transactions and know how much they could charge.
All these talks of fighting terrorism and money laundering is a joke for all I think they are just making caricature of themselves.
What you say is very true, governments always say something like that, however I know that governments say things like that so that they can control people, especially money laundering, but that is something that I don't see much impact on, I know that Governments can make or take these preventive measures trying to be the victims, but that is not the case, at least the government where I live is a government that really has things very given to fulfilling them for their own benefit, because each one of them has the things Without further ado, they don't care about the hype they have, everything for them is abundant, but for the people, if they are starving and have no benefits, that doesn't matter to them.
But since I cannot generalize, I know that there are people who live in developed countries, where the government is not like that, but is something else, that is the type of thing that we should see.
The government does not care about their people. All they care about is their pockets. They always wants more claiming it to be in the interest of their citizens which you and I know too well to be lies. At first they tell you sweet stories to convince you the you join the and then get lost in the middle of nowhere.
You know sometimes the government can be this funny but however, they are never tired of doing their biddings to get it all.
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I still wonder on the possibility for a decentralized network and currency to be controlled by governments, they may try to regulate the whole sectors which are not decentralized in cryptocurrencies but they may not do so with bitcoin because this is completely a decentralized digital network, of which they have on countless times try to attack and stop people from adopting bitcoin but everything went to futile efforts because bitcoin contain the solution to the peoples financial problems in cryptocurrency.
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- Can crypto continue to thrive without the support of governments?
Yea, we can. Bitcoin is a typical example at its early stage, some government banned the use of crypto but bitcoin was still able to succeed, because it cannot be controlled by anyone.
- Do you think governments can suppress and restrain the crypto market with their power?
Yea, they can do that on centralized exchanges and centralized coins, but not on bitcoin. This is because you cannot be tracked when you use bitcoin the way it was designed. From your private wallet to DEX, and vice versa.
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
LOL, I am a crypto fan. I am happy with the benefits from crypto on individuals, especially bitcoin. So I will legalize it for my citizens to also benefit from it. As long as it is regulated.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
The Nigerian government is looking to crack down, create a diversionary event, and blame crypto exchanges. I hope people won't be fooled by this.
Crypto needs to be legalized to thrive with legitimate capital. Otherwise, it will be difficult for crypto to develop, with privacy coins being the clearest example.
If really needed, governments can easily suppress crypto in their countries. China has done so and succeeded in banning crypto trading and mining.
I would adopt crypto like El Salvador to attract tourism and investment.
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I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.
It is true that Government would always want to discourage her citizens from transacting in Crypto but that does not make the Crypto market not grow. As a matter of fact the government wants to know their stand in taking tax from Crypto transactions that is why you see that they are hell bent on fighting third party exchange to get details of their citizens registered with them so they can be able to also get details of Crypto transactions and know how much they could charge.
All these talks of fighting terrorism and money laundering is a joke for all I think they are just making caricature of themselves.
What you say is very true, governments always say something like that, however I know that governments say things like that so that they can control people, especially money laundering, but that is something that I don't see much impact on, I know that Governments can make or take these preventive measures trying to be the victims, but that is not the case, at least the government where I live is a government that really has things very given to fulfilling them for their own benefit, because each one of them has the things Without further ado, they don't care about the hype they have, everything for them is abundant, but for the people, if they are starving and have no benefits, that doesn't matter to them.
But since I cannot generalize, I know that there are people who live in developed countries, where the government is not like that, but is something else, that is the type of thing that we should see.
The government does not care about their people. All they care about is their pockets. They always wants more claiming it to be in the interest of their citizens which you and I know too well to be lies. At first they tell you sweet stories to convince you the you join the and then get lost in the middle of nowhere.
You know sometimes the government can be this funny but however, they are never tired of doing their biddings to get it all.
You are absolutely right, now what I have doubts about is the governments of countries that are prosperous as is the case of Switzerland, Nordic countries that are countries that are doing very well economically, you think they always have very good growth options, So this means that they are not like that, but I think that this happens only in those countries , in the rest of the world things are different, for me this has a lot to do with the countries worldwide, because they are already sticking to a direction established policy where they want to have a lot of power to control, the EU, the USA exercise a lot of power, and among these things they manage and lead the world.
The most important things are money, as long as they manage the money everything will be easier to control.
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- Can crypto continue to thrive without the support of governments?
Yea, we can. Bitcoin is a typical example at its early stage, some government banned the use of crypto but bitcoin was still able to succeed, because it cannot be controlled by anyone.
- Do you think governments can suppress and restrain the crypto market with their power?
Yea, they can do that on centralized exchanges and centralized coins, but not on bitcoin. This is because you cannot be tracked when you use bitcoin the way it was designed. From your private wallet to DEX, and vice versa.
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
LOL, I am a crypto fan. I am happy with the benefits from crypto on individuals, especially bitcoin. So I will legalize it for my citizens to also benefit from it. As long as it is regulated.
1. Yeah the power of decentralization. Whether we like it or not crypto is crypto governments can only regulate exchanges but not crypto itself.
2. Yeah the reason why governments wanted to pursue the idea of CBDC for them to have a full control of our funds. They can do whatever they want like freeze and whatsoever.
3. I like this opinion of yours mate because I will do the same if I were the head of the state because I know cryptocurrency enthusiasts here in my country is rapidly increasing so to help them grab every opportunity crypto has offering legalizing it would be the best option.
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2. Do you think governments can suppress and restrain the crypto market with their power?
This all depends on the kind of government we are dealing with. Under an authoritarian regime, everything can be done with a stroke of a pen or even a pronouncement without the benefit of any law passed by its own legislature. There are many governments right now who are looking at cryptocurrency as their enemy as we know that crypto can be an empowering tool...something some governments may not have a liking with.
This is the most important thing and I am really sad some don't get it nor the danger it comes with!
When we talk about a government not being friendly and not liking crypto or trying to ban it we must look at two things
- what kind of government is that, it's an elected government that might be replaced in two months, it's a government that is normally under supervision from the one leading the country but it's not a true authority much being done by the parliament or prime minister, or it's a government that's made just out of puppets who echo a true dictatorship that runs the country!
- second and more important, what is the government ready to do to enforce the ban? If they care about stopping it just like they care about speeding tickets or food safety nothing will happen, but if they see it as a threat or a thing against religion it might end with people getting sentenced to the firing squadron, and that will be different, way different, and I'm sure after the first mass execution 99.99% will suddenly forget you can't stop Bitcoin and forget also everything about crypto for their own safety!
Also, the ridiculous take on the success without realizing what this bull run was caused by!
It was caused by the EFT, it was a government action on greenlighting crypto, is someone here truly thinking we would have seen 72k if the SEC would have refused again all applications or if the US would have (knock on wood) banned crypto just as China did?
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I still wonder on the possibility for a decentralized network and currency to be controlled by governments, they may try to regulate the whole sectors which are not decentralized in cryptocurrencies but they may not do so with bitcoin because this is completely a decentralized digital network, of which they have on countless times try to attack and stop people from adopting bitcoin but everything went to futile efforts because bitcoin contain the solution to the peoples financial problems in cryptocurrency.
You understand the word control too one-sidedly. It is enough to control card accounts and prohibit any payments for anything in cryptocurrency and that will be enough. You can also create various unbearable conditions and everything will wither away on its own.
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This is the most important thing and I am really sad some don't get it nor the danger it comes with!
When we talk about a government not being friendly and not liking crypto or trying to ban it we must look at two things
- what kind of government is that, it's an elected government that might be replaced in two months, it's a government that is normally under supervision from the one leading the country but it's not a true authority much being done by the parliament or prime minister, or it's a government that's made just out of puppets who echo a true dictatorship that runs the country!
- second and more important, what is the government ready to do to enforce the ban? If they care about stopping it just like they care about speeding tickets or food safety nothing will happen, but if they see it as a threat or a thing against religion it might end with people getting sentenced to the firing squadron, and that will be different, way different, and I'm sure after the first mass execution 99.99% will suddenly forget you can't stop Bitcoin and forget also everything about crypto for their own safety!
Also, the ridiculous take on the success without realizing what this bull run was caused by!
It was caused by the EFT, it was a government action on greenlighting crypto, is someone here truly thinking we would have seen 72k if the SEC would have refused again all applications or if the US would have (knock on wood) banned crypto just as China did?
Government is really big in many countries, not all governments are accountable to the people or elected based on democratic principles. I don't want to go deep into this, but governments can really make crypto suffer a lot of negative impact, for example, the Nigerian government has successfully turned that country into a dangerous place for crypto companies :(
I hope that governments will become friendly and treat crypto fairly in order to get taxes and people's support. Spot BTC ETFs are clear evidence of BTC acceptance in the US - the world's largest economy, and it is having a very positive impact on BTC price. We need more similar events like that for crypto to develop better, have a more important position in the economy.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
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]
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The votes are tied to 4 meaning that people here has half a belief and understanding , cracking down crypto had been a many years of an issue but up to now no clear stand for what will be true options of the government .
but this will damage all our ego if this is real to happen and also same as I am afraid for this to come because i have relied almost everything in me here in crypto .
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The votes are tied to 4 meaning that people here has half a belief and understanding , cracking down crypto had been a many years of an issue but up to now no clear stand for what will be true options of the government .
but this will damage all our ego if this is real to happen and also same as I am afraid for this to come because i have relied almost everything in me here in crypto .
I find this quite interesting: it shows that the crypto community is also really confused about this issue. So, things could be in the middle: people believe that crypto will continue to exist regardless of government action, and at the same time, crypto will develop better if it is recognized and supported by the government. El Salvador is the first successful experiment of crypto on a national scale. I hope that other governments can refer to and choose the most positive ways to deal with crypto in order to promote the economy and progress of the country. The government will not benefit from going against the wishes of the people and turning the country into a dangerous place for all crypto companies ::)
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Government is really big in many countries, not all governments are accountable to the people or elected based on democratic principles. I don't want to go deep into this, but governments can really make crypto suffer a lot of negative impact, for example, the Nigerian government has successfully turned that country into a dangerous place for crypto companies :(
I hope that governments will become friendly and treat crypto fairly in order to get taxes and people's support. Spot BTC ETFs are clear evidence of BTC acceptance in the US - the world's largest economy, and it is having a very positive impact on BTC price. We need more similar events like that for crypto to develop better, have a more important position in the economy.
One thing we need to understand as a crypto community is that cryptocurrency and governance cannot work together, especially in countries where many government are not accountable and matters are easily swept under a carpet. I state this because I believe most governments fear the independence and wealth opportunities cryptocurrency provides to the people. When people are financially free, they can be less subject to those above them, which makes most governments strictly against it. Thanks to El Salvador for recognizing the true potential of Bitcoin and other cryptocurrencies because they understand how important it could be for their economy in general.
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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.
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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.
I disagree with you, normally we all know gist crypto is not a centralized currency, but if the government of a country want to crack down crypto in their country they can do it, but it won't affect other countries... a very good example is the China.
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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.
I disagree with you, normally we all know gist crypto is not a centralized currency, but if the government of a country want to crack down crypto in their country they can do it, but it won't affect other countries... a very good example is the China.
China has created a chaotic environment by repeatedly banning Bitcoin and then recognizing Bitcoin. In this case, you can see China as a trick because they invest huge amount on Bitcoin with negative announcement and sell the investment market with positive announcement. China faced a similar situation in 2017 and the whole world has seen China's cunning many times. So for now I don't think it is reasonable to give an example about China.
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China has created a chaotic environment by repeatedly banning Bitcoin and then recognizing Bitcoin. In this case, you can see China as a trick because they invest huge amount on Bitcoin with negative announcement and sell the investment market with positive announcement. China faced a similar situation in 2017 and the whole world has seen China's cunning many times. So for now I don't think it is reasonable to give an example about China.
We currently do not know China's future plan for crypto, but it seems that they will soon accept crypto because Hong Kong is the testing ground for this plan. I think we can refer to the case in China as an example of the strong influence of the government on crypto. When China banned crypto trading, many exchanges had to leave China and liquidity was affected, causing China to no longer be the largest crypto market in the world, and the US has taken over this position.
In the past 7 years, although blockchain technology has been tested in China, the crypto market here has not developed strongly even though people can still store crypto and trade P2P. I do not expect this to be the fate of crypto in many countries in the future.
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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.
China might have a word with this!
Also, how do you think crypto adoption works in NK?
Your idea of unstoppable crypto will come to a screaming end once a punishment-by-death law is issued by some nutty dictatorship!
Do not confuse a piece of code distributed among 100 000 does with your life!
We currently do not know China's future plan for crypto, but it seems that they will soon accept crypto because Hong Kong is the testing ground for this plan.
It's pretty simple, they want crypto, but crypto that they issue and control.
So they have no problem with search engine was long as it's baidu not Google.
They have no problem with social apps as long as it's not facebook it's Weibo.
They hate a currency controlled by the US, but they love their own manipulated two rates yuan!
China is in full swing of enforcing capital controls as more and more wealth is draining from the country no way they will allow the perfect tool for that to have a foothold in the country.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
Obviously, crypto currency is decentralized eco system where government can ban it but cannot stop its development. As an example, if I present myself, because in my country, all kinds of use of crypto currency are currently banned and those who are associated with it are being prosecuted. The main thing I will say here is that even without the support of the government, crypto currency can flourish, but the people associated with it will not get such an environment to be fully successful.
- Do you think governments can suppress and restrain the crypto market with their power?
I have already said that government can ban it but cannot stop its development because crypto currency works in peer to peer de-centralized system and it is not bound to only one government that they can suppress or restrain the crypto market.
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
Obviously, if I will in that kind of position then I will accept that cryptocurrency Because only by accepting it can its misuse be monitored
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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.
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it's too risky if the government interferes in controlling Bitcoin, there will definitely be lots of problems that are always faced every day.
BTC cannot be controlled, it is decentralized and there is no way for a third party to control the network, you can only be a part of the community by either running a node or buying gears and confirming tx's as a miner. The government can only regulate cypto through centralized crypto services, but they cannot take charge of the network in itself.
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Bitcoin to be specific can't be cracked down, other cryptocurrencies may be dealt with by the government in this manner because of being centralized, anything government can get hold of them they can regulate it for their own benefits, but Bitcoin in cryptocurrency is a decentralized network and digital currency, which gives them no access to how they can do anything in taking control over the affairs of Bitcoin.
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China has created a chaotic environment by repeatedly banning Bitcoin and then recognizing Bitcoin. In this case, you can see China as a trick because they invest huge amount on Bitcoin with negative announcement and sell the investment market with positive announcement. China faced a similar situation in 2017 and the whole world has seen China's cunning many times. So for now I don't think it is reasonable to give an example about China.
We currently do not know China's future plan for crypto, but it seems that they will soon accept crypto because Hong Kong is the testing ground for this plan. I think we can refer to the case in China as an example of the strong influence of the government on crypto. When China banned crypto trading, many exchanges had to leave China and liquidity was affected, causing China to no longer be the largest crypto market in the world, and the US has taken over this position.
In the past 7 years, although blockchain technology has been tested in China, the crypto market here has not developed strongly even though people can still store crypto and trade P2P. I do not expect this to be the fate of crypto in many countries in the future.
I don’t think that everything is so simple in relation to China. Firstly, they can test for as long as they want, and secondly, after the end of the tests, it is not a fact that they can allow the use of cryptocurrency throughout the country.The problem is that we are considering this issue from the point of view of the average person, while the government of any country, not only China, considers any issues, including this one, from the point of view of national security.In fact, in resolving this issue, we see that the interests of transnational capitals, behind which there are certain clans and states, collide. So, not everything is so simple.
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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.
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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.
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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.
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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.
We agree that BTC can continue to exist strongly even if it is banned by the government, and the crypto investment community will still exist through VPNs and P2P in that country. However, a ban could cause market liquidity to plummet, investor sentiment to turn negative, and most will find ways to avoid participating in this market if the risk outweighs the benefits.
The final question is the reason why governments ban BTC and crypto: I don't really understand, maybe to protect fiat or they are not ready to accept a new asset class. Of course, they often use the excuse of "protecting investors" to ban crypto.
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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.
Actually the government can do anything if it tries to do so because everything is under the control of the government and as the people are saying that Bitcoin is decentralized and nobody can control it so it is true that it is not under the control of anyone but the government can stop the use of Bitcoin if it desires to do so.
If the government cracks down Bitcoin use then many citizens will face huge losses but I think due to its benefits the government will not do anything bad with Bitcoin and some of the countries where there is no use of Bitcoin are also accepting bitcoin because people are moving towards digital investment in which Bitcoin is the best option.
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- Not many countries didn't really support Bitcoin before? But in the end, they also retracted their statement on this matter. We cannot determine the future, and this is the truth on this matter. Bitcoin also shows that it is a decentralized asset that no one can really control at any time.
Although it has been predicted for a long time by someone I don't know, it's up to you to verify the person who predicted that these things would happen.
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Actually the government can do anything if it tries to do so because everything is under the control of the government and as the people are saying that Bitcoin is decentralized and nobody can control it so it is true that it is not under the control of anyone but the government can stop the use of Bitcoin if it desires to do so.
It's just that the government doesn't have full control to regulate everything, it's limited. But the government can do anything related to regulations that will affect the use of crypto, crypto prices in the market because it will be a quite different trend.
As in the recent incident of the German government selling their Bitcoin, thus suppressing the price of bitcoin to drop quite drastically.
There will be more fear going on so that the market goes down and a lot of wild FUDs is scattered about how the regulation and the massive sell-off will be.
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What kind of question is this? It has an obvious answer!
Governments in various parts of the world like Nigeria, China, Russia, Bangladesh have all been cracking down on crypto for years as in making it illegal, and punishing anyone who is using it.
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Actually the government can do anything if it tries to do so because everything is under the control of the government and as the people are saying that Bitcoin is decentralized and nobody can control it so it is true that it is not under the control of anyone but the government can stop the use of Bitcoin if it desires to do so.
It's just that the government doesn't have full control to regulate everything, it's limited. But the government can do anything related to regulations that will affect the use of crypto, crypto prices in the market because it will be a quite different trend.
As in the recent incident of the German government selling their Bitcoin, thus suppressing the price of bitcoin to drop quite drastically.
There will be more fear going on so that the market goes down and a lot of wild FUDs is scattered about how the regulation and the massive sell-off will be.
Unfortunately, cryptocurrency is currently being used for many crimes, one of which, as you mentioned, is that the freedom to use cryptocurrency can actually backfire on the government. When citizens are exposed to fraud, it will make people depressed and feel that the government is not providing solutions for their people so that they are not deceived again.
Only a few governments can provide regulations regarding the use of Cryptocurrency and they have stated at the beginning that the government is not responsible when fraud occurs using Cryptocurrency digital currency.
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Well, it is 100% possible for governments to crack down on crypto. They think it is all about aiding nd abetting crime but it is not true at all. Though criminals use crypto sometimes to launder funds, it has other good use cases like entertainment, web3 etc
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Well, it is 100% possible for governments to crack down on crypto. They think it is all about aiding nd abetting crime but it is not true at all. Though criminals use crypto sometimes to launder funds, it has other good use cases like entertainment, web3 etc
Are you saying criminals and scammers don't used paper money that the government printed. In fact, everyone use fiat because even before Bitcoin was born from the Genesis block, people don't have other currency to spend aside from fiat and scammers are still using it to date, even terrorism are fund through fiat, so let's cut the excuses of fraud and scan because it's everywhere.
Bitcoin is obvious because they can see it and because it's complex and new to.some people, they usually fall for scams but when a new person get use to crypto and understand everything about it, they hardly get scammed even using the fiat because crypto teaches both security and use of them.
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Actually the government can do anything if it tries to do so because everything is under the control of the government and as the people are saying that Bitcoin is decentralized and nobody can control it so it is true that it is not under the control of anyone but the government can stop the use of Bitcoin if it desires to do so.
It's just that the government doesn't have full control to regulate everything, it's limited. But the government can do anything related to regulations that will affect the use of crypto, crypto prices in the market because it will be a quite different trend.
As in the recent incident of the German government selling their Bitcoin, thus suppressing the price of bitcoin to drop quite drastically.
There will be more fear going on so that the market goes down and a lot of wild FUDs is scattered about how the regulation and the massive sell-off will be.
Unfortunately, cryptocurrency is currently being used for many crimes, one of which, as you mentioned, is that the freedom to use cryptocurrency can actually backfire on the government. When citizens are exposed to fraud, it will make people depressed and feel that the government is not providing solutions for their people so that they are not deceived again.
Only a few governments can provide regulations regarding the use of Cryptocurrency and they have stated at the beginning that the government is not responsible when fraud occurs using Cryptocurrency digital currency.
When governments fail to catch criminals, it is not unusual for chaos to ensue. That is not only the problem, they thought if legalize this crypto they'll think they'll have more shortfalls in getting revenue. Until governments find a solution to this, there is little chance of legitimacy. There is and will continue to be criminal activity almost everywhere in the world, and governments must also act according to the demands of the public.
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When governments fail to catch criminals, it is not unusual for chaos to ensue. That is not only the problem, they thought if legalize this crypto they'll think they'll have more shortfalls in getting revenue. Until governments find a solution to this, there is little chance of legitimacy. There is and will continue to be criminal activity almost everywhere in the world, and governments must also act according to the demands of the public.
Hmm, fiat is also used by criminals with a frequency and value that far exceeds crypto, but fiat is not banned because governments know that they don't need to burn down the whole forest just to kill one worm. The same is true for crypto: governments can get more benefits by accepting crypto instead of spending a lot of effort to ban it.
I believe that in the future, crypto acceptance will be a major global trend, especially after the strong price increase of BTC and many altcoins in this uptrend. Some governments may choose to stand outside this wave, that's their choice for their country!
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we don't know the future development of crypto, but now crypto continues to develop and we hope that in the future it will develop even more than before so that it will have a positive impact on investors... if the government suppresses crypto so that crypto experiences a decline in development then it is possible that crypto will sink, but the government We can trick it by inviting cooperation and asking the government to create a tax law for crypto, so that the government cannot close it down, even if so, crypto will still be alive and can develop in the future.
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If the government wanted to ban cryptocurrency, it would have done it a long time ago, when this field of activity was just in its infancy. Then it would be much easier and faster to do this. But now, when it has already fully formed and become a part of people’s lives, no one will be able to completely ban crypto. Also, even the Governments of many countries keep a large part of their money in cryptocurrency. And they will not saw the branch they are sitting on.
The government still has the power to crack down on crypto even as it has stayed for more than a decade of existence.
What I suspect can't be possible to do, is to ban crypto globally at once. But a country to ban crypto on its own is possible. We have seen how some countries like the USA and Nigeria government have taken action against crypto exchanges. Some other countries can do the same thing in the future, stopping their citizens from trading crypto.The government still has the power to crack down on crypto even as it has stayed for more than a decade of existence.
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The government still has the power to crack down on crypto even as it has stayed for more than a decade of existence.
What I suspect can't be possible to do, is to ban crypto globally at once. But a country to ban crypto on its own is possible. We have seen how some countries like the USA and Nigeria government have taken action against crypto exchanges. Some other countries can do the same thing in the future, stopping their citizens from trading crypto.The government still has the power to crack down on crypto even as it has stayed for more than a decade of existence.
They do have the ability to do that, but it is limited by the regulations in their country and also some of the projects they can reach, again this is related to regulations which can make crypto limited in that country, but that doesn't mean it really can't be accessed by anyone anymore. public.
Crypto, which in fact is decentralized, can essentially be accessed by everyone in the world freely, that's why one of the goals of creating Bitcoin is to give people the freedom to use this cryptocurrency globally without any restrictions from the government. However, as time goes by, it turns out the government doesn't allow this.
because they cannot limit it directly. In the end, brands make arrangements through regulations in their respective territories to impose forced restrictions with various regulations for their communities. And indeed this has been quite successful, yes of course this regulation will have pros and cons, there will be positives and negatives.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
Yes crypto can continue without the support of governments but the adoption rate would be higher in comparison to the factor of without. This means, if they support crypto the adoption would be higher as well. Because traditional people tend not to buy or invest in BTC or other alts but the involvement of the government has made them to consider them an option.
Thus crypto can thrive without the support. Yes, governments have enough power that they can easily crack down on crypto, If I were the head I would accept the crypto opportunity for my country because it would open new doorways and methods to make money for citizens.
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we don't know the future development of crypto, but now crypto continues to develop and we hope that in the future it will develop even more than before so that it will have a positive impact on investors... if the government suppresses crypto so that crypto experiences a decline in development then it is possible that crypto will sink, but the government We can trick it by inviting cooperation and asking the government to create a tax law for crypto, so that the government cannot close it down, even if so, crypto will still be alive and can develop in the future.
The development of Cryptocurrency as long as the earth is still developing, digital currencies like this will continue to develop, meaning there will be more and more people interested in Cryptocurrency and will definitely increase the price of Bitcoin and others. But we have to know that it is not easy to keep the earth's condition safe, because sometimes human nature's greed ends up creating several conflicts and triggering wars. When a nuclear war is waged on earth, technology will be destroyed and will certainly have a negative impact on cryptocurrency prices on exchanges.
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There are several persons out there who are getting interested in crypto every day. Even some critics are now beginning to disregard there first intention towards cryptocurrency and start adopting, my belief is that in the next few years, the price of Bitcoin will be so high due to the increase in demand and limited supply of the coin, and bitcoin would be more scarce than ever so now is the right time to build a good looking portfolio that will enable to be seen as an early investor in bitcoin. I know there are several others who might want to also make good use of the opportunities In cryptocurrency but, they are being denied the opportunity to make use of crypto based kn their governments restriction policy. However if restrictions were removed we'll be experiencing great bulls because the number of investors would definitely increase drastically
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Well, it is 100% possible for governments to crack down on crypto. They think it is all about aiding nd abetting crime but it is not true at all. Though criminals use crypto sometimes to launder funds, it has other good use cases like entertainment, web3 etc
Yes the government has the power to allow the use of crypto or not and you can see that in most of the countries where the government does not allow the use of crypto one cannot use it. Maybe some individuals use it for crimes but it is not true if we say that every individual makes negative use of crypto.
There are lots of good qualities of crypto which is accepted by most of the countries and are using crypto just for the aim of investment and trading but due to a few wrong uses of the crypto government of some countries does not allow its use. If we compare bad and good uses of crypto so we can see that it is used as a positive tool more often than negative ways.
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Yes crypto can continue without the support of governments but the adoption rate would be higher in comparison to the factor of without. This means, if they support crypto the adoption would be higher as well. Because traditional people tend not to buy or invest in BTC or other alts but the involvement of the government has made them to consider them an option.
Thus crypto can thrive without the support. Yes, governments have enough power that they can easily crack down on crypto, If I were the head I would accept the crypto opportunity for my country because it would open new doorways and methods to make money for citizens.
As people become more aware of the role of governments in the widespread adoption of crypto in the economy, things will progress faster and smoother, as is the case with the current crypto market in the US. This could lead to a collaborative and mainstream approach where people have the right to choose crypto-friendly politicians to establish regulations and a legal framework for crypto instead of harsh bans.
Some governments hate crypto and see it as a financial threat, but I believe they will soon realize that their excessive caution has caused them to miss out on many opportunities to rise in the global economy. China and Russia may be the first countries to regret their focus on CBDCs instead of BTC and crypto!
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From the onset of cryptocurrency, all we've seen is the growth of finance, and increase in demand crypto currency. And that is because it is positive for we all, so as a president it will certainly be given to the citizens as a new method to make money.
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There are several persons out there who are getting interested in crypto every day. Even some critics are now beginning to disregard there first intention towards cryptocurrency and start adopting, my belief is that in the next few years, the price of Bitcoin will be so high due to the increase in demand and limited supply of the coin, and bitcoin would be more scarce than ever so now is the right time to build a good looking portfolio that will enable to be seen as an early investor in bitcoin. I know there are several others who might want to also make good use of the opportunities In cryptocurrency but, they are being denied the opportunity to make use of crypto based kn their governments restriction policy. However if restrictions were removed we'll be experiencing great bulls because the number of investors would definitely increase drastically
Currently, more and more people are interested and curious about the movements and developments that occur in cryptocurrency. But you have to be careful because when the increase in cryptocurrency users ends up making them lose money in cryptocurrency, it will make a bad statement which can trigger a drop in prices in the market. Meanwhile, another positive characteristic is that when users increase, Bitcoin will become more widely known. The total supply of Bitcoin available will increasingly run out until one day the price of Bitcoin will soar higher than now when miners no longer get Bitcoin or it could be said that Bitcoin production has reached the maximum supply point.
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Currently, more and more people are interested and curious about the movements and developments that occur in cryptocurrency. But you have to be careful because when the increase in cryptocurrency users ends up making them lose money in cryptocurrency, it will make a bad statement which can trigger a drop in prices in the market. Meanwhile, another positive characteristic is that when users increase, Bitcoin will become more widely known. The total supply of Bitcoin available will increasingly run out until one day the price of Bitcoin will soar higher than now when miners no longer get Bitcoin or it could be said that Bitcoin production has reached the maximum supply point.
When Bitcoin finally reaching its peak, that is, miners no longer have the ability to mine new Bitcoins into the network, they will still benefit from the fees they get from transactions. Though we can fully predict if the fees would be reduced due to improvement in lighting network or other future p2p transaction alternative to be developed. There are always persons who kick against the network irrespective of the reputation it has attained, and those could be the careless type who might have made some mistakes and got their coins stolen or hacked, or even loss their coins due to investing in shitcoins, and they using make general criticism off a single project which they lost their funds dearly.
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- Every government has the ability to block Bitcoin and other cryptocurrencies from entering a country. But that doesn't mean Bitcoin and cryptocurrencies won't continue to be supported by business people who have their own holdings.
Then again, there are many countries that have been rumored to have done something different with Bitcoin before they really recognized that it would help their economy. And to the people in their pocket tomorrow in the Bitcoin and crypto space too.
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As people become more aware of the role of governments in the widespread adoption of crypto in the economy, things will progress faster and smoother, as is the case with the current crypto market in the US. This could lead to a collaborative and mainstream approach where people have the right to choose crypto-friendly politicians to establish regulations and a legal framework for crypto instead of harsh bans.
Some governments hate crypto and see it as a financial threat, but I believe they will soon realize that their excessive caution has caused them to miss out on many opportunities to rise in the global economy. China and Russia may be the first countries to regret their focus on CBDCs instead of BTC and crypto!
I completely agree with your perspective. The involvement of governments in cryptocurrency can be viewed from multiple angles. On one hand, some admire the current governmental involvement, while others do not. To assess whether this involvement is beneficial, we should remain neutral rather than taking sides. Personally, I believe that government involvement is positive, as it will streamline the adoption of cryptocurrencies in the long run. However, as you mentioned, having crypto-friendly politicians is crucial. While some might consider Trump to be such a politician, I have my doubts. Various posts on this forum suggest that he has not clearly articulated his plans for crypto adoption, lacking a definitive roadmap.
This raises doubts about his promises. Furthermore, the perception of cryptocurrencies as scams or unreal is unlikely to change universally. There will always be individuals who are skeptical and resistant to change. However, some will adapt, especially those who are open to dynamic adoption.
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- Every government has the ability to block Bitcoin and other cryptocurrencies from entering a country. But that doesn't mean Bitcoin and cryptocurrencies won't continue to be supported by business people who have their own holdings.
Then again, there are many countries that have been rumored to have done something different with Bitcoin before they really recognized that it would help their economy. And to the people in their pocket tomorrow in the Bitcoin and crypto space too.
I don't really understand what you meant or said specially in the last part of your comment, but one thing that is certain for sure is that, bitcoin, as well as the entire crypto currency ecosystem have come to stay, governments from different countries can only try to stop or ban their citizens from making us of bitcoin or crypto, but that does not and will not deter its existence, and the citizens who have their own ways can always have access to bitcoin and crypto in general even though such access can be sometimes limited due to government restrictions and bans, or may sometimes cost them extra money for VPN subscriptions and so on, but one that remains certain for sure is that, governments can't wipe bitcoin and crypto off the face of the earth, except may Satoshi is captures and he decides to hand over the bitcoin code to the government 😂.
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I don't really understand what you meant or said specially in the last part of your comment, but one thing that is certain for sure is that, bitcoin, as well as the entire crypto currency ecosystem have come to stay, governments from different countries can only try to stop or ban their citizens from making us of bitcoin or crypto, but that does not and will not deter its existence, and the citizens who have their own ways can always have access to bitcoin and crypto in general even though such access can be sometimes limited due to government restrictions and bans, or may sometimes cost them extra money for VPN subscriptions and so on, but one that remains certain for sure is that, governments can't wipe bitcoin and crypto off the face of the earth, except may Satoshi is captures and he decides to hand over the bitcoin code to the government 😂.
To be honest, the government are only being blinded by greed or have a one sided view of cryptocurrency else, crypto lies with great potentials of lifting the economy of a country. Let's take El Salvador as a case study, since the acceptance of crypto as a legal tender, the economy has been in a positive growth. This is a major fact to prove that cryptocurrency is not a threat but rather an innovative technology to help balance a country's financial system and also stands as an opportunity for investment. There are lots of citizen with the thought of adopting bitcoin or crypto in general but are held back by the government restrictions policy. I'm certain most citizens are willing to migrate because of the use of cryptocurrency.
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- Every government has the ability to block Bitcoin and other cryptocurrencies from entering a country. But that doesn't mean Bitcoin and cryptocurrencies won't continue to be supported by business people who have their own holdings.
Then again, there are many countries that have been rumored to have done something different with Bitcoin before they really recognized that it would help their economy. And to the people in their pocket tomorrow in the Bitcoin and crypto space too.
Although there may still be those who are able to make transactions or trade without permission from the government because bitcoin cannot be, intervened,, it does not mean that the government cannot impose sanctions on those who still do not comply with the rules made by the government Because in the end it could be the government that prohibits and blocks bitcoin with the capabilities it has and adequate facilities to be able to take action against it.
I think, we cannot fight the situation where technological progress must accommodate the existence of bitcoin itself, because no matter what, I agree that bitcoin will be able to contribute to government revenue.
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Can government crack down crypto? Yes they could but they could only touch up the services on which they could get a hold of but talking about technical aspect
about cracking down or stopping it like Bitcoin or with those other coins which is decentralized ? Then there's no way that they could be abel to do so.
If they have been that having the ability in the first place then they would really be that definitely have done this a long time ago but look at on where we are now?
Government/Institutions are really that joining in the game. lol
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Maybe we can insert here what happen to Bangladesh in the last couple of days, Bangladesh: Broadband Internet Restored After 5 Day Shut Down, Mobile Internet Yet To Be Reinstated. (https://ddnews.gov.in/en/bangladesh-broadband-internet-restored-after-5-day-shut-down-mobile-internet-yet-to-wait/)
So for 5 days, the government shutdown the country's internet and obviously everything crypto is going to be affected by it. So this is one example how a government can affect crypto. It's a bit scary to see that they can put a blanket on that country for 5 days and so we should be prepared as well if something happen to us or in the country that we live in. It's just a direct crypto crackdown, but if the government has the power to shutdown their internet, they crypto will definitely be affected negatively.
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Maybe we can insert here what happen to Bangladesh in the last couple of days, Bangladesh: Broadband Internet Restored After 5 Day Shut Down, Mobile Internet Yet To Be Reinstated. (https://ddnews.gov.in/en/bangladesh-broadband-internet-restored-after-5-day-shut-down-mobile-internet-yet-to-wait/)
So for 5 days, the government shutdown the country's internet and obviously everything crypto is going to be affected by it. So this is one example how a government can affect crypto. It's a bit scary to see that they can put a blanket on that country for 5 days and so we should be prepared as well if something happen to us or in the country that we live in. It's just a direct crypto crackdown, but if the government has the power to shutdown their internet, they crypto will definitely be affected negatively.
"The internet was shut down to curtail the violent protest across Bangladesh over the quota reform in government jobs in the last week".
I hope everything is still okay in Bangladesh. We also know that governments may shut down the internet in many situations to protect their states from what they perceive as threats. At least we know that Bangladesh hasn't shut down the internet to attack crypto because crypto will revive as soon as the internet is restored.
Besides, crypto hasn't become a big enough threat for the government to make extreme decisions like cutting off internet connectivity and sacrificing the many positive values that the internet brings, such as information update, calls, social networks.
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This seems to be true in my country. Earlier crypto was free. The more free it was, the more popular it was. But ever since the government has imposed rules and high taxes on crypto, people have started getting scared.
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This seems to be true in my country. Earlier crypto was free. The more free it was, the more popular it was. But ever since the government has imposed rules and high taxes on crypto, people have started getting scared.
Excessive taxes can discourage many investors from participating in the crypto market because they have more attractive options with lower taxes like stocks or real estate. I believe the government's acceptance, management, and taxation of crypto is very positive, but they also need to determine appropriate tax rates to promote the development of the crypto market on a national scale.
The ultimate goal of regulation is to promote development, not to stifle and destroy that market. I think when the number of crypto investors decreases, crypto taxes will also decrease, and the government will have to adjust taxes if they still want to participate in this crypto wave.
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There been many examples of crypto users and tokens been tracked by governments, the government/SEC even filed cases against those developers, I heard LBRY was one of them that folds.
Because crypto is now regulated, more of the privacy coins were being tried by the government which there were also mixers they brought down. They are capable of doing all these.
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Government can't stop Bitcoin and the funny part of Bitcoin is that, when ever government raise the issue of Bitcoin not to operate in the financial sector, it keeps increasing popularity towards the ecosystem. In the sense that institute come in to buy more of Bitcoin and other alt-coins. Therefore Bitcoin has created to stay as long the internet exists.
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There been many examples of crypto users and tokens been tracked by governments, the government/SEC even filed cases against those developers, I heard LBRY was one of them that folds.
Because crypto is now regulated, more of the privacy coins were being tried by the government which there were also mixers they brought down. They are capable of doing all these.
Governments have all the tools to attack and suppress crypto if they really want to, especially when they perceive crypto as a threat to fiat and the economy. LBRY is just one victim of the SEC, and we can also mention Ripple: although they won the lawsuit, XRP missed uptrend 2021 and is considered a failed token. Additionally, the Chinese government once made it impossible for crypto to develop in China, even though people could still hold crypto.
The fact has proven that crypto can be completely suppressed by governments. What we can hope for is that government members will gradually be rejuvenated and better understand the positive value that crypto can bring to the country and the economy in the future.
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Governments have all the tools to attack and suppress crypto if they really want to, especially when they perceive crypto as a threat to fiat and the economy. LBRY is just one victim of the SEC, and we can also mention Ripple: although they won the lawsuit, XRP missed uptrend 2021 and is considered a failed token.
XRP? Ha! Who even uses that nowadays? I don't think even banks are interested in it anymore now that Bitcoin and Ethereum ETFs are widely available.
Ripple Labs doesn't seem to think it's dead though, so someone should send them the memo (preferably before they pay Greenpeace again to talk smack about Bitcoin).
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No government authority can stop cryptocurrency, the way cryptocurrency is structured the government can't stop people from going into it, however government lack of support and fight against cryptocurrency can slow the growth of it, there are some countries that still don't support cryptocurrency but people are still investing in it in that same country.
There's a country if your bank makes any transactions with crypto it will be ban and you will be reported to higher authorities and you will be detain prosecuted for involving your self in cryptocurrency but the people of that country has looked for a way not to be dictated when making any transactions from there banks to crypto or from crypto to there banks.
The government can't crack down cryptocurrency, crypto depends on there investors to grow, if the people are willing to support and invest in crypto then it will keep growing, the government can only make it difficult for people investing in cryptocurrency by not permitting Banks to allow people invest using the local bank.
But I don't see the reason why some government are fighting cryptocurrency, why not support it and then make a policy that the investor's will follow, cryptocurrency has helped in growing the world economy and can also help counties grow there economy if supported.
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No government authority can stop cryptocurrency, the way cryptocurrency is structured the government can't stop people from going into it, however government lack of support and fight against cryptocurrency can slow the growth of it, there are some countries that still don't support cryptocurrency but people are still investing in it in that same country.
There's a country if your bank makes any transactions with crypto it will be ban and you will be reported to higher authorities and you will be detain prosecuted for involving your self in cryptocurrency but the people of that country has looked for a way not to be dictated when making any transactions from there banks to crypto or from crypto to there banks.
The government can't crack down cryptocurrency, crypto depends on there investors to grow, if the people are willing to support and invest in crypto then it will keep growing, the government can only make it difficult for people investing in cryptocurrency by not permitting Banks to allow people invest using the local bank.
But I don't see the reason why some government are fighting cryptocurrency, why not support it and then make a policy that the investor's will follow, cryptocurrency has helped in growing the world economy and can also help counties grow there economy if supported.
Because it cannot be controlled by higher authorities, that's the reason why ;) But I agree. The growth can only be made smaller, but the crypto as a whole cannot be cracked down, because of the sheer volume behind it nowadays.
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Government can't stop Bitcoin and the funny part of Bitcoin is that, when ever government raise the issue of Bitcoin not to operate in the financial sector, it keeps increasing popularity towards the ecosystem. In the sense that institute come in to buy more of Bitcoin and other alt-coins. Therefore Bitcoin has created to stay as long the internet exists.
I agree, Bitcoin is hard to control, but the government can protect itself so that Bitcoin can be accepted by the community well and not used for acts that violate existing rules, with protection through regulations that are made where every transaction to be converted into fiat must go through a local exchange so that protection can be done, and the government can also take advantage of the taxes that are paid.
The popularity of Bitcoin is not because of the prohibition or anything from the government. but because the community already knows the needs and benefits of Bitcoin
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This seems to be true in my country. Earlier crypto was free. The more free it was, the more popular it was. But ever since the government has imposed rules and high taxes on crypto, people have started getting scared.
The government are only looking forward to see the downfall of cryptocurrency as they sees it a threat to their economy, not know that crypro can actually increase the status of the economy. Due to the actions of some government, others citizens might deem it best if the government actually allowed the use of cryptocurrency but with taxes. There are lots of person out there who would love to make use of cryptocurrency but the government restrictions policy has been the only reason they can't access cryptocurrency. I know most times the taxes can be a bit threatening to too demanding but its best than absolute restriction for no reason. But I believe a time would come were the government would actually realize their actions weren't the best and allow the use of crypto swiftly.
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This seems to be true in my country. Earlier crypto was free. The more free it was, the more popular it was. But ever since the government has imposed rules and high taxes on crypto, people have started getting scared.
The government are only looking forward to see the downfall of cryptocurrency as they sees it a threat to their economy, not know that crypro can actually increase the status of the economy. Due to the actions of some government, others citizens might deem it best if the government actually allowed the use of cryptocurrency but with taxes. There are lots of person out there who would love to make use of cryptocurrency but the government restrictions policy has been the only reason they can't access cryptocurrency. I know most times the taxes can be a bit threatening to too demanding but its best than absolute restriction for no reason. But I believe a time would come were the government would actually realize their actions weren't the best and allow the use of crypto swiftly.
Not all governments want to see it as you said, because there are still those who can accept it with some restrictions where it may only be used for trading and investment but cannot be used as legal tender, so it must be changed to the local currency first if you want to use it, so that the government can collect taxes from every transaction that occurs and this will increase state revenue.
I think in time those who prohibit it will be able to accept crypto because its development has been very rapid, and it is inevitable that technological advances require it to be able to accept it. It is just a matter of time.
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Not all governments want to see it as you said, because there are still those who can accept it with some restrictions where it may only be used for trading and investment but cannot be used as legal tender, so it must be changed to the local currency first if you want to use it, so that the government can collect taxes from every transaction that occurs and this will increase state revenue.
I think in time those who prohibit it will be able to accept crypto because its development has been very rapid, and it is inevitable that technological advances require it to be able to accept it. It is just a matter of time.
Even if they can't accept it as a legal tender it's fine, but the restriction to make transactions with cryptocurrency is not worth it. The moment they remove cryptocurrency restriction, you'll be shocked how many transaction would be recorded in such country. Cryptocurrency is a growing project and I think the entire idea on decentralisation is relevant in the future to come. In where I'm from, the government are only restricting crypto exchanges is because they think it's the cause of inflation in the economy, but that is wrong. So the earlier they realise the opportunity in crypto the better for the economy. El Salvador is a great example.
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Even if they can't accept it as a legal tender it's fine, but the restriction to make transactions with cryptocurrency is not worth it.
Uhm... I don't see the core difference between these two statements. Do you mean just currency exchange transactions?
The moment they remove cryptocurrency restriction, you'll be shocked how many transaction would be recorded in such country.
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El Salvador is a great example.
Yes, you might see a spike in transactions at first. But let's look more at the current state of El Salvador[1][2] as an example.
According to the survey, 12% of the local population in El Salvador used Bitcoin at least once to pay for goods and services in 2023. This marks a significant decrease from 2022, when the same university reported that 24.4% of Salvadorans had engaged in transactions using Bitcoin.
To date, most Salvadorans ignore bitcoin. They worry about the cryptocurrency's volatility in a cash-based economy where many live hand-to-mouth.
Some 88% of Salvadorans did not use it in 2023, according to a survey by the University of Central America's public opinion institute. Just 1% of remittances were sent in bitcoin.
Nearly two dozen people Reuters spoke to said they did not care to understand the cryptocurrency, but they were increasingly concerned about the lack of jobs and rising costs of housing and food.
Those I highlighted were some of the reasons for the decline in bitcoin usage there. So we don't expect something good to always run smoothly, some government rejections are also not as bad as we think if we look at it from a wider perspective.
1. https://cryptopotato.com/el-salvadors-bitcoin-adoption-drops-significantly-survey-reveals-a-12-usage-rate-in-2023/
2. https://www.reuters.com/technology/short-cash-el-salvador-doubles-down-bitcoin-dream-2024-02-02
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Not all governments want to see it as you said, because there are still those who can accept it with some restrictions where it may only be used for trading and investment but cannot be used as legal tender, so it must be changed to the local currency first if you want to use it, so that the government can collect taxes from every transaction that occurs and this will increase state revenue.
I think in time those who prohibit it will be able to accept crypto because its development has been very rapid, and it is inevitable that technological advances require it to be able to accept it. It is just a matter of time.
Even if they can't accept it as a legal tender it's fine, but the restriction to make transactions with cryptocurrency is not worth it. The moment they remove cryptocurrency restriction, you'll be shocked how many transaction would be recorded in such country. Cryptocurrency is a growing project and I think the entire idea on decentralisation is relevant in the future to come. In where I'm from, the government are only restricting crypto exchanges is because they think it's the cause of inflation in the economy, but that is wrong. So the earlier they realise the opportunity in crypto the better for the economy. El Salvador is a great example.
Cryptocurrency is still widely available that impose restrictions on the use of Cryptocurrency, especially payments using Bitcoin. If we look at what happened in El Salvador, we have to see what their economic conditions are and what countries support their economy. Developing countries will not make rash decisions, everything needs to be discussed properly and we have to see what negative impacts will occur if digital currencies such as Cryptocurrency become legal in a developing country.
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Cryptocurrency is still widely available that impose restrictions on the use of Cryptocurrency, especially payments using Bitcoin. If we look at what happened in El Salvador, we have to see what their economic conditions are and what countries support their economy. Developing countries will not make rash decisions, everything needs to be discussed properly and we have to see what negative impacts will occur if digital currencies such as Cryptocurrency become legal in a developing country.
I agree with you, El Salvador is just a small country. They don't even have their own fiat, so the change wasn't too difficult. Everything was decided quickly by the president. Although they've been successful with rapid economic growth thanks to BTC, it doesn't mean other countries can do the same, especially large countries with strong fiat.
I support crypto but also hope that governments will be cautious enough to build a suitable legal framework for this new market. The consequences of hasty adoption like Chai and Terra in Korea could create negative impacts on the future of crypto, and I don't want that to happen in large economies in the future.
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I agree with you, El Salvador is just a small country. They don't even have their own fiat, so the change wasn't too difficult. Everything was decided quickly by the president. Although they've been successful with rapid economic growth thanks to BTC, it doesn't mean other countries can do the same, especially large countries with strong fiat.
Yes, as compare to bigger countries El Salvador is actually small and could easily decide to make Bitcoin a legal tender but for other countries it might not be that easy to make Bitcoin a legal tender.
When it comes to strong fiat and large countries then US is the one that fulfills that scenario and I'm pretty sure adaption of Bitcoin or making it a legal tender could be somewhat hard for an economy like US or any other top economy.
In fact such steps could be helpful for Bitcoin itself not for those economies. However, as a Bitcoin holder I always want top economies to accept it as a legal tender.
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I agree with you, El Salvador is just a small country. They don't even have their own fiat, so the change wasn't too difficult. Everything was decided quickly by the president. Although they've been successful with rapid economic growth thanks to BTC, it doesn't mean other countries can do the same, especially large countries with strong fiat.
Yes, as compare to bigger countries El Salvador is actually small and could easily decide to make Bitcoin a legal tender but for other countries it might not be that easy to make Bitcoin a legal tender.
When it comes to strong fiat and large countries then US is the one that fulfills that scenario and I'm pretty sure adaption of Bitcoin or making it a legal tender could be somewhat hard for an economy like US or any other top economy.
In fact such steps could be helpful for Bitcoin itself not for those economies. However, as a Bitcoin holder I always want top economies to accept it as a legal tender.
Bitcoin is one of the best investment in the world and the best crypto coin in the world, Bitcoin has helped to grow the world economy and has also helped in making some individuals millionaires, and Bitcoin is a peace of mind investment.
A lot of countries will not accept Bitcoin because they feel Bitcoin will destroy the economy, some countries has already made the use of cryptocurrency illegal and will be arrested and persecuted if Caught making transactions in cryptocurrency.
Some countries has accepted Bitcoin but has not made it a legal tender but it will happen soon.
If Bitcoin is made a legal tender in some big nations of the world Bitcoin will become more valuable and increase in price, that will be a big one for Bitcoin and it's investors.
I believe Bitcoin will soon become legal tender in countries and will increase in price, a lot of people believe Bitcoin will not grow more than it is now and that is why they are not investing in it but like those that had opportunity to invest in Bitcoin 10 years ago and refused are regretting now that is how people with this thought that Bitcoin won't grow more than this will regret.
Bitcoin has not reached half of it's growth so it will keep growing and Bitcoin will make history.
When nation's will see the way the world is going and the way Bitcoin is becoming recognized and used by many they won't have any choice but to start making it a legal tender.
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I agree with you, El Salvador is just a small country. They don't even have their own fiat, so the change wasn't too difficult. Everything was decided quickly by the president. Although they've been successful with rapid economic growth thanks to BTC, it doesn't mean other countries can do the same, especially large countries with strong fiat.
Yes, as compare to bigger countries El Salvador is actually small and could easily decide to make Bitcoin a legal tender but for other countries it might not be that easy to make Bitcoin a legal tender.
When it comes to strong fiat and large countries then US is the one that fulfills that scenario and I'm pretty sure adaption of Bitcoin or making it a legal tender could be somewhat hard for an economy like US or any other top economy.
In fact such steps could be helpful for Bitcoin itself not for those economies. However, as a Bitcoin holder I always want top economies to accept it as a legal tender.
I heard the news about BTC becoming a reserve of sorts (BTC as a Strategic Reserve), it's an idea worth considering, however, it would be hard for the reasons you described.
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Not all governments want to see it as you said, because there are still those who can accept it with some restrictions where it may only be used for trading and investment but cannot be used as legal tender, so it must be changed to the local currency first if you want to use it, so that the government can collect taxes from every transaction that occurs and this will increase state revenue.
I think in time those who prohibit it will be able to accept crypto because its development has been very rapid, and it is inevitable that technological advances require it to be able to accept it. It is just a matter of time.
Even if they can't accept it as a legal tender it's fine, but the restriction to make transactions with cryptocurrency is not worth it. The moment they remove cryptocurrency restriction, you'll be shocked how many transaction would be recorded in such country. Cryptocurrency is a growing project and I think the entire idea on decentralisation is relevant in the future to come. In where I'm from, the government are only restricting crypto exchanges is because they think it's the cause of inflation in the economy, but that is wrong. So the earlier they realise the opportunity in crypto the better for the economy. El Salvador is a great example.
Cryptocurrency is still widely available that impose restrictions on the use of Cryptocurrency, especially payments using Bitcoin. If we look at what happened in El Salvador, we have to see what their economic conditions are and what countries support their economy. Developing countries will not make rash decisions, everything needs to be discussed properly and we have to see what negative impacts will occur if digital currencies such as Cryptocurrency become legal in a developing country.
Maybe there are still many countries that provide the freedom to be able to transact and trade with bitcoin but prohibit it from being used as a legal tender the same as fiat currencies recognized by the state, Because regulations are needed to be able to guarantee that the movement does not affect anything that happens, because I agree that it should not be reckless to be able to accept bitcoin as a legal tender without disrupting their fiat circulation.
It is better not to prohibit, but only as a tool to be able to solve what fiat cannot do, such as sending between countries, which is easily done by bitcoin.
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Yes, as compare to bigger countries El Salvador is actually small and could easily decide to make Bitcoin a legal tender but for other countries it might not be that easy to make Bitcoin a legal tender.
When it comes to strong fiat and large countries then US is the one that fulfills that scenario and I'm pretty sure adaption of Bitcoin or making it a legal tender could be somewhat hard for an economy like US or any other top economy.
In fact such steps could be helpful for Bitcoin itself not for those economies. However, as a Bitcoin holder I always want top economies to accept it as a legal tender.
I'm a BTC fan but I'm not ready to use BTC in real life yet because I still only consider BTC as an investment asset, similar to stocks and real estate, rather than a daily transaction tool. Government officials in many countries probably share the same view, so although they support BTC, they cannot yet make BTC a widely accepted legal means of payment.
CBDC is their answer to combining fiat with crypto, but they also face many challenges with CBDC implementation as CBDC can negatively impact many components of the economy when people directly use the services of the central bank. It seems that the effort to develop CBDC should be devoted to building a BTC payment network using Lightning technology so that people can get familiar with and use BTC in microtransactions in the future.
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Not all governments want to see it as you said, because there are still those who can accept it with some restrictions where it may only be used for trading and investment but cannot be used as legal tender, so it must be changed to the local currency first if you want to use it, so that the government can collect taxes from every transaction that occurs and this will increase state revenue.
I think in time those who prohibit it will be able to accept crypto because its development has been very rapid, and it is inevitable that technological advances require it to be able to accept it. It is just a matter of time.
Even if they can't accept it as a legal tender it's fine, but the restriction to make transactions with cryptocurrency is not worth it. The moment they remove cryptocurrency restriction, you'll be shocked how many transaction would be recorded in such country. Cryptocurrency is a growing project and I think the entire idea on decentralisation is relevant in the future to come. In where I'm from, the government are only restricting crypto exchanges is because they think it's the cause of inflation in the economy, but that is wrong. So the earlier they realise the opportunity in crypto the better for the economy. El Salvador is a great example.
Cryptocurrency is still widely available that impose restrictions on the use of Cryptocurrency, especially payments using Bitcoin. If we look at what happened in El Salvador, we have to see what their economic conditions are and what countries support their economy. Developing countries will not make rash decisions, everything needs to be discussed properly and we have to see what negative impacts will occur if digital currencies such as Cryptocurrency become legal in a developing country.
Maybe there are still many countries that provide the freedom to be able to transact and trade with bitcoin but prohibit it from being used as a legal tender the same as fiat currencies recognized by the state, Because regulations are needed to be able to guarantee that the movement does not affect anything that happens, because I agree that it should not be reckless to be able to accept bitcoin as a legal tender without disrupting their fiat circulation.
It is better not to prohibit, but only as a tool to be able to solve what fiat cannot do, such as sending between countries, which is easily done by bitcoin.
Some countries are using Bitcoin as a means of payment why some countries has already made the use of Bitcoin an illegal act and will be arrested and prosecuted when Caught, some countries feels the use of cryptocurrency is bringing more cyber crime to the countries and is also bringing there economy down.
Some countries don't care about people using cryptocurrency and they don't care if some people accept it as a means of payment, the use of cryptocurrency has helped to grow the economy of many countries and has helped to make a lot of people rich, so I don't any good reason why some countries will fight against cryptocurrency, all they need to do is make rules and regulations that investors will follow to ensure full security and the growth of the nations economy.
Yeah Bitcoin has made it very easy for people in different countries to make transactions very freely without spending much, and this alone is a big win for cryptocurrency and has brought investment in some countries, however banks now has started up grading and making it easy for people to send money to other countries freely but still not the way Bitcoin made it easy and fast.
Cryptocurrency can't be crack down by government so is advised for every government to support it.
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Some countries are using Bitcoin as a means of payment why some countries has already made the use of Bitcoin an illegal act and will be arrested and prosecuted when Caught, some countries feels the use of cryptocurrency is bringing more cyber crime to the countries and is also bringing there economy down.
Some countries don't care about people using cryptocurrency and they don't care if some people accept it as a means of payment, the use of cryptocurrency has helped to grow the economy of many countries and has helped to make a lot of people rich, so I don't any good reason why some countries will fight against cryptocurrency, all they need to do is make rules and regulations that investors will follow to ensure full security and the growth of the nations economy.
Yeah Bitcoin has made it very easy for people in different countries to make transactions very freely without spending much, and this alone is a big win for cryptocurrency and has brought investment in some countries, however banks now has started up grading and making it easy for people to send money to other countries freely but still not the way Bitcoin made it easy and fast.
Cryptocurrency can't be crack down by government so is advised for every government to support it.
I totally agree with you, the use of bitcoin has helped several persons in making long distance business transactions with ease and also a good project for investment that will eventually give a profiting return. With the time and effort I have spent in cryptocurrency i must confess that it has been a wonderful experience. I don't know why the government still feel threatened by bitcoin or cryptocurrency when its a good investment opportunity for both beginners and advanced investors. If the governments were to allow the citizens make their choice, many will go for bitcoin and cryptocurrency because its actually it good innovative project.
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Some countries are using Bitcoin as a means of payment why some countries has already made the use of Bitcoin an illegal act and will be arrested and prosecuted when Caught, some countries feels the use of cryptocurrency is bringing more cyber crime to the countries and is also bringing there economy down.
Some countries don't care about people using cryptocurrency and they don't care if some people accept it as a means of payment, the use of cryptocurrency has helped to grow the economy of many countries and has helped to make a lot of people rich, so I don't any good reason why some countries will fight against cryptocurrency, all they need to do is make rules and regulations that investors will follow to ensure full security and the growth of the nations economy.
Yeah Bitcoin has made it very easy for people in different countries to make transactions very freely without spending much, and this alone is a big win for cryptocurrency and has brought investment in some countries, however banks now has started up grading and making it easy for people to send money to other countries freely but still not the way Bitcoin made it easy and fast.
Cryptocurrency can't be crack down by government so is advised for every government to support it.
I totally agree with you, the use of bitcoin has helped several persons in making long distance business transactions with ease and also a good project for investment that will eventually give a profiting return. With the time and effort I have spent in cryptocurrency i must confess that it has been a wonderful experience. I don't know why the government still feel threatened by bitcoin or cryptocurrency when its a good investment opportunity for both beginners and advanced investors. If the governments were to allow the citizens make their choice, many will go for bitcoin and cryptocurrency because its actually it good innovative project.
The fact that bitcoin is a long distance transaction enabling because bitcoin provides borderless financial service delivery, this give bitcoin a double advantage to business owners who decides to transact their business in bitcoin, because at the end that is what have attracted most of the institutional investor because when a business accept bitcoin, once they accumulate bitcoin for long is will become a great store of value for the campany.
But importantly if the business have a long term bitcoin goal as I using bitcoin to build the company reserves, it may be risky but then it is worth trying if you are a business owner, because from the list of the exiting installational bitcoin holder's recorded success.
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I totally agree with you, the use of bitcoin has helped several persons in making long distance business transactions with ease
traditional methods of sending and receiving money from country to country takes way too long and are too expensive compared to in cryptocurrency
not just for investment but crypto is also used in a lot of our daily transactions no one wants to bring cash anymore and digital is the way to go but you don’t want to be leaving your information just about anywhere which is why crypto is so important
I don't know why the government still feel threatened by bitcoin or cryptocurrency when its a good investment opportunity for both beginners and advanced investors. If the governments were to allow the citizens make their choice, many will go for bitcoin and cryptocurrency because its actually it good innovative project.
obviously because crypto do not rely on the government to operate which means crypto and everything associated to it is out of the government’s hands and they do not like that the amount of privacy and decentralization that crypto offers is something not preferable to the government
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The fact that bitcoin is a long distance transaction enabling because bitcoin provides borderless financial service delivery, this give bitcoin a double advantage to business owners who decides to transact their business in bitcoin, because at the end that is what have attracted most of the institutional investor because when a business accept bitcoin, once they accumulate bitcoin for long is will become a great store of value for the campany.
But importantly if the business have a long term bitcoin goal as I using bitcoin to build the company reserves, it may be risky but then it is worth trying if you are a business owner, because from the list of the exiting installational bitcoin holder's recorded success.
This is similar to Satoshi vision when creating BTC to facilitate faster and smoother payment processes. The decentralized network and 10-minute block time provide security and speed for important transactions, something traditional payment systems cannot achieve. Low transaction fees are also a major advantage, as they depend only on network conditions rather than being calculated as a percentage of the transferred amount.
I hope that in the future, large orders will be paid for with BTC to give businesses a greater advantage in the market. This can only be achieved when governments collectively accept BTC for payments, and clearly, this would threaten the value of fiat currency, so I think we need to wait many more years before businesses can freely use BTC.
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The fact that bitcoin is a long distance transaction enabling because bitcoin provides borderless financial service delivery, this give bitcoin a double advantage to business owners who decides to transact their business in bitcoin, because at the end that is what have attracted most of the institutional investor because when a business accept bitcoin, once they accumulate bitcoin for long is will become a great store of value for the campany.
But importantly if the business have a long term bitcoin goal as I using bitcoin to build the company reserves, it may be risky but then it is worth trying if you are a business owner, because from the list of the exiting installational bitcoin holder's recorded success.
This is similar to Satoshi vision when creating BTC to facilitate faster and smoother payment processes. The decentralized network and 10-minute block time provide security and speed for important transactions, something traditional payment systems cannot achieve. Low transaction fees are also a major advantage, as they depend only on network conditions rather than being calculated as a percentage of the transferred amount.
I hope that in the future, large orders will be paid for with BTC to give businesses a greater advantage in the market. This can only be achieved when governments collectively accept BTC for payments, and clearly, this would threaten the value of fiat currency, so I think we need to wait many more years before businesses can freely use BTC.
Bitcoin has risen the world economy and this alone is one big achievement that cryptocurrency has gotten since it's Creation, a lot of businesses are now growing more bigger through the help of cryptocurrency, before doing business with anyone who's business is far from your country was so difficult because after the business making payment was a big problem and this has affected businesses or companies, right now a lot of people are now doing transaction and doing business very easy, people now send money through cryptocurrency.
A friend of mine is working for someone who's far away in another country, his work is to reply his boss email's and also make a constructive writing for his boss, there work has been going softly his boss pay him through Bitcoin and is very easy and he receives it very fast.
Cryptocurrency has really helped business to work with people all over the world, it has brought out skill.
Some countries has already started using Bitcoin as a means of payment and it has been going well with them and it has also helped also to rise there economy.
Some countries has refused to accept Bitcoin infact some of those countries has already made Bitcoin illegal and if they see anyone using it that person will be arrested and persecuted, however I believe a time will come when those government will have no choice than to accept Bitcoin because Bitcoin will help your countries economy to grow.
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I totally agree with you, the use of bitcoin has helped several persons in making long distance business transactions with ease and also a good project for investment that will eventually give a profiting return. With the time and effort I have spent in cryptocurrency i must confess that it has been a wonderful experience. I don't know why the government still feel threatened by bitcoin or cryptocurrency when its a good investment opportunity for both beginners and advanced investors. If the governments were to allow the citizens make their choice, many will go for bitcoin and cryptocurrency because its actually it good innovative project.
Bitcoin is providing a good chance for many individuals to make their financial status better but I think Bitcoin is like a side job with which a person will do some other job and there is no way to make money through Bitcoin investment when you have no job and no other source through which you are earning.
If the government allows Bitcoin investment then everyone will move towards Bitcoin investment but no one will be ready to leave his job because Bitcoin fluctuations does not allow it's holders to earn on a daily or monthly basis like that of a permanent job but many will prefer to invest in Bitcoin for longer time and in same duration they will carry out their duties in their respective jobs.
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Government can only crack down those centralised projects and the exchanges and can't do anything to those decentralised crypto projects. And because they can't do anything to the decentralised crypto projects, they have channelled their attention to the centralised crypto exchanges and cracking them down anyone which refused to obey the regulations. And like this many exchanges have left my country.
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Government can only crack down those centralised projects and the exchanges and can't do anything to those decentralised crypto projects. And because they can't do anything to the decentralised crypto projects, they have channelled their attention to the centralised crypto exchanges and cracking them down anyone which refused to obey the regulations. And like this many exchanges have left my country.
Of course, what you said is realistic. It will not be easy to intervene as they wish, because it will not be possible for anyone.
It is very unfortunate that the intervention made many exchanges leave your country. Actually, it could be tricked by taking advantage of the fees that can be generated. Of course, it will contribute to the country and many crypto users are also helped by having many exchanges as options to use.
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BTC was expected by Satoshi to become a currency, a crypto-currency, meaning that it could replace fiat in payments
Satoshi didn't think that way, Bitcoin was made as "alternative" not replacement to fiat either payment or by the use of it
Government can only crack down those centralised projects and the exchanges and can't do anything to those decentralised crypto projects.
They can if they want, remember how they handle mixers regardless if its decentralized or anonymous. They only need is to make a law, or even international law that prohibits crypto in any jurisdiction then start taking down this platforms, of course one will still create another but authorities won't stop just like they always do.
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Government can only crack down those centralised projects and the exchanges and can't do anything to those decentralised crypto projects. And because they can't do anything to the decentralised crypto projects, they have channelled their attention to the centralised crypto exchanges and cracking them down anyone which refused to obey the regulations. And like this many exchanges have left my country.
Yeah you are right, crypto coins like Bitcoin that is highly decentralized can never be cracked down by any government, a lot of government have tried and failed and they had no option than to use it as a means of exchange in there countries, Bitcoin has made a lot of people rich and has also helped build the economy of some countries, Bitcoin will soon be accepted in other countries because it helps in making transactions easy and very fast with less fee, those countries that has already accepted the use of Bitcoin are gaining from it right now they made some rules and regulations that will also favour them.
All this centralized crypto coins are shitcoins and a lot of them are scam they are the ones giving Bitcoin a bad image which is very bad and I'm in support of government bring them down, those shitcoins are created by scammers, they will create a coin and they will be the highest coin holders and they will start advertising for people to buy there coin and hold and when people starts buying and hodling the coin start having value and increasing in price then the creations of that particular coin will sell of all there coins and then make a very huge profit and the value of that coin will fall and those that bought that particular coin lose there money.
For me government should focus on cracking down centralized coin and accept decentralized coin, because those coins has helped grow the economy of the world and I believe it will do more to the world economy, the only problem is shitcoins some countries has already made the use of cryptocurrency illegal in there countries because of the high rate of scammers that are building coins every day.
And should be stopped in other for Bitcoin to have a good name and reputation.
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They can if they want, remember how they handle mixers regardless if its decentralized or anonymous. They only need is to make a law, or even international law that prohibits crypto in any jurisdiction then start taking down this platforms, of course one will still create another but authorities won't stop just like they always do.
You are right and looking at the previous scenarios, most if they want to bring bitcoin down, they might first start from the bitcoin forum and level the forum with one accusation and stop the domain and enter other side of Bitcoin but can they crack down bitcoin itself and it decentralised electrum wallet and other wallets like bluewallet and others? And if they can do that then there is nothing anonymous or decentralised that out of government reach.
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They can if they want, remember how they handle mixers regardless if its decentralized or anonymous. They only need is to make a law, or even international law that prohibits crypto in any jurisdiction then start taking down this platforms, of course one will still create another but authorities won't stop just like they always do.
You are right and looking at the previous scenarios, most if they want to bring bitcoin down, they might first start from the bitcoin forum and level the forum with one accusation and stop the domain and enter other side of Bitcoin but can they crack down bitcoin itself and it decentralised electrum wallet and other wallets like bluewallet and others? And if they can do that then there is nothing anonymous or decentralised that out of government reach.
The government can impose laws on the cryptocurrency platform and not the blockchain, they cannot stop any transaction that is going on in the blockchain, they can only track it and know the owner if it is from a centralized exchange, while if it is a peer-to-peer transaction outside any centralized body, I don't think they can handle that.
Moreover, decentralized wallets like Electrum, Blue wallet and others cannot be limited in my opinion, and if they were able to be stopped, offline wallets can still help since they can only track transactions, not the wallet.
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The government can impose laws on the cryptocurrency platform and not the blockchain, they cannot stop any transaction that is going on in the blockchain, they can only track it and know the owner if it is from a centralized exchange, while if it is a peer-to-peer transaction outside any centralized body, I don't think they can handle that.
Moreover, decentralized wallets like Electrum, Blue wallet and others cannot be limited in my opinion, and if they were able to be stopped, offline wallets can still help since they can only track transactions, not the wallet.
That's true, that's why there are always gray area and TOR platforms such silk road was made before. What authorities will do is always take down the platforms to slow down the transactions getting made and stop the majority joining them. But that is a big what if, i cannot think that it can happen anytime 10-20 years by now as US and other countries are already invested aon these tech.
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The government can impose laws on the cryptocurrency platform and not the blockchain, they cannot stop any transaction that is going on in the blockchain, they can only track it and know the owner if it is from a centralized exchange, while if it is a peer-to-peer transaction outside any centralized body, I don't think they can handle that.
Moreover, decentralized wallets like Electrum, Blue wallet and others cannot be limited in my opinion, and if they were able to be stopped, offline wallets can still help since they can only track transactions, not the wallet.
Blockchain is a global technology and its operation is decentralized, meaning no single entity can destroy the entire blockchain. However, if governments truly wanted to, they could attack and accuse blockchain developers of certain crimes, such as creating tools that are abused by criminals. I'm not a lawyer, so I can't think of a more plausible reason, and it's not necessary to do so because we're seeing blockchain technology being developed by many countries, including China.
Mixers will be the next issue that governments will focus on if they really want to crack down on crypto money laundering. And I think that's all they can do. Currently, they want to accept and regulate crypto to collect taxes and gain more benefits from it, as El Salvador has done.
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If the government's of the world want to set back crypto they could.
How about USA and China cut a backdoor deal.
China gets to sell it's cheap ev cars to USA no tariff.
Both China and USA close all mines and all manufacturers of gear.
Both China and USA require all citizens to deposit all coins in coinbase and binance under penalty of 20 years in the can if you don't do it.
This would set back crypto bigly.
Would it end crypto no.
Would it damage it yes.
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The government can impose laws on the cryptocurrency platform and not the blockchain, they cannot stop any transaction that is going on in the blockchain, they can only track it and know the owner if it is from a centralized exchange, while if it is a peer-to-peer transaction outside any centralized body, I don't think they can handle that.
Moreover, decentralized wallets like Electrum, Blue wallet and others cannot be limited in my opinion, and if they were able to be stopped, offline wallets can still help since they can only track transactions, not the wallet.
Blockchain is a global technology and its operation is decentralized, meaning no single entity can destroy the entire blockchain. However, if governments truly wanted to, they could attack and accuse blockchain developers of certain crimes, such as creating tools that are abused by criminals. I'm not a lawyer, so I can't think of a more plausible reason, and it's not necessary to do so because we're seeing blockchain technology being developed by many countries, including China.
Mixers will be the next issue that governments will focus on if they really want to crack down on crypto money laundering. And I think that's all they can do. Currently, they want to accept and regulate crypto to collect taxes and gain more benefits from it, as El Salvador has done.
When talking about the reasons that the government can use to ensnare Crypto developers because the technology is misused, it seems not just crypto with its technology decentralized. Lots of technology that is misused for crime, but developers can make a defense, he does not create technology to commit crimes but what is tried is the perpetrators of the crime itself not the technology.
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The government can impose laws on the cryptocurrency platform and not the blockchain, they cannot stop any transaction that is going on in the blockchain, they can only track it and know the owner if it is from a centralized exchange, while if it is a peer-to-peer transaction outside any centralized body, I don't think they can handle that.
Moreover, decentralized wallets like Electrum, Blue wallet and others cannot be limited in my opinion, and if they were able to be stopped, offline wallets can still help since they can only track transactions, not the wallet.
Government have full power to track transaction around the exchange wallet but lack expose when transaction using wallet only, I think government easily to stop regulation some exchange market but they can't hold on the cryptocurrency investor when holding their assets in their own wallet only.
Indeed the powerful of government for controlling cryptocurrency but not easy how many time bitcoin banned by top countries but its make bitcoin can reach most higher price before banned announcing. I remember well when China banned bitcoin but few months later price increasing drastically before banned.
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The government can impose laws on the cryptocurrency platform and not the blockchain, they cannot stop any transaction that is going on in the blockchain, they can only track it and know the owner if it is from a centralized exchange, while if it is a peer-to-peer transaction outside any centralized body, I don't think they can handle that.
Moreover, decentralized wallets like Electrum, Blue wallet and others cannot be limited in my opinion, and if they were able to be stopped, offline wallets can still help since they can only track transactions, not the wallet.
Government have full power to track transaction around the exchange wallet but lack expose when transaction using wallet only, I think government easily to stop regulation some exchange market but they can't hold on the cryptocurrency investor when holding their assets in their own wallet only.
Indeed the powerful of government for controlling cryptocurrency but not easy how many time bitcoin banned by top countries but its make bitcoin can reach most higher price before banned announcing. I remember well when China banned bitcoin but few months later price increasing drastically before banned.
Indeed, the government could impose regulations that might be able to provide limited control that can only be done on local exchanges, not on international exchanges, and it would be difficult to intervene in this matter.
It seems that it will be difficult to control cryptocurrencies because of their nature, which is indeed difficult to intervene. A ban can be made, but it does not rule out the possibility that there will still be those who trade illegally.
Usually it is like that, every time a big country. Every ban, it will have an impact that cannot be stopped to be able to provide encouragement for bitcoin to increase, something that is common.
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When talking about the reasons that the government can use to ensnare Crypto developers because the technology is misused, it seems not just crypto with its technology decentralized. Lots of technology that is misused for crime, but developers can make a defense, he does not create technology to commit crimes but what is tried is the perpetrators of the crime itself not the technology.
I also think Devs could argue that way, but governments will still find a way to punish them. The troubles that Tornado Cash Dev faced might become a barrier that makes many blockchain Devs worried and hesitant to continue working in this market. Everyone is afraid of getting into legal trouble, afraid of being prosecuted, afraid of having to compensate, afraid of being imprisoned.
I believe we still can't have a global legal framework for the blockchain and crypto market soon. This industry seems to be beyond our understanding and processing capabilities, it even confuses lawmakers and lawyers. We will need more time to continue testing, learning, and discussing legal proposals to manage this market effectively as we have done with the stock market.
- Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court (https://www.coindesk.com/policy/2024/05/14/tornado-cash-developer-alexey-pertsev-found-guilty-of-money-laundering/)
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The government can impose laws on the cryptocurrency platform and not the blockchain, they cannot stop any transaction that is going on in the blockchain, they can only track it and know the owner if it is from a centralized exchange, while if it is a peer-to-peer transaction outside any centralized body, I don't think they can handle that.
Moreover, decentralized wallets like Electrum, Blue wallet and others cannot be limited in my opinion, and if they were able to be stopped, offline wallets can still help since they can only track transactions, not the wallet.
Government have full power to track transaction around the exchange wallet but lack expose when transaction using wallet only, I think government easily to stop regulation some exchange market but they can't hold on the cryptocurrency investor when holding their assets in their own wallet only.
Indeed the powerful of government for controlling cryptocurrency but not easy how many time bitcoin banned by top countries but its make bitcoin can reach most higher price before banned announcing. I remember well when China banned bitcoin but few months later price increasing drastically before banned.
Indeed, the government could impose regulations that might be able to provide limited control that can only be done on local exchanges, not on international exchanges, and it would be difficult to intervene in this matter.
It seems that it will be difficult to control cryptocurrencies because of their nature, which is indeed difficult to intervene. A ban can be made, but it does not rule out the possibility that there will still be those who trade illegally.
Usually it is like that, every time a big country. Every ban, it will have an impact that cannot be stopped to be able to provide encouragement for bitcoin to increase, something that is common.
Yeah a lot of countries have tried to stop cryptocurrency investment but is not working, some countries has even placed a ban on it and also made it illegal and any caught using crypto or involved in cryptocurrency investment or transaction will be arrested and prosecuted but that has not stopped people from using cryptocurrency or stopped them from investing in it or making transactions in cryptocurrency, the way cryptocurrency is structured no government can bring it down or stop it's citizens from using it, some of those countries that was once opposing the use of crypto coin has now accepted it and then put in rules and regulations that will guide those investors.
The reason why some countries don't want to accept cryptocurrency is because they feel cryptocurrency is bringing down there economy and also that cryptocurrency is is promoting cybercrime because if you make a money transaction to a coin address that you can't track down the person through the person's address and since one can't get the details of people that has a crypto account then it should not be used.
Those country that are still fighting cryptocurrency is wasting there time there's no way they can stop there citizens from using cryptocurrency is not possible except there will be a machine created to track down people using cryptocurrency but stop your citizens from using cryptocurrency is not necessary, cryptocurrency has made a lot of people very rich it is now a source of income to many people stop crypto is taking out people's source of income from them and making them suffer why not make a rule and regulation that will guide every investor that is what some countries has done and now those countries are now benefiting from it, a country like Nigeria has tried to make its citizens from using cryptocurrency but it couldn't work, the government even tried to track down people still involving in cryptocurrency investment and as they did that for some time when statistics came out in Africa the country since as the most interested in cryptocurrency it was still Nigeria, Nigeria was among top 5 countries.
However government policy can only reduce the growth of cryptocurrency cryptocurrency for some time but can't crack down crypto.
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When talking about the reasons that the government can use to ensnare Crypto developers because the technology is misused, it seems not just crypto with its technology decentralized. Lots of technology that is misused for crime, but developers can make a defense, he does not create technology to commit crimes but what is tried is the perpetrators of the crime itself not the technology.
I also think Devs could argue that way, but governments will still find a way to punish them. The troubles that Tornado Cash Dev faced might become a barrier that makes many blockchain Devs worried and hesitant to continue working in this market. Everyone is afraid of getting into legal trouble, afraid of being prosecuted, afraid of having to compensate, afraid of being imprisoned.
I believe we still can't have a global legal framework for the blockchain and crypto market soon. This industry seems to be beyond our understanding and processing capabilities, it even confuses lawmakers and lawyers. We will need more time to continue testing, learning, and discussing legal proposals to manage this market effectively as we have done with the stock market.
- Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court (https://www.coindesk.com/policy/2024/05/14/tornado-cash-developer-alexey-pertsev-found-guilty-of-money-laundering/)
In my opinion, because countries do not have proper regulations, many are hesitant to do it, but for countries that have implemented it well, there are no problems with the law. A good country is willing to accept technological updates that are inevitable to be used both globally and individually, Because technology continues to advance so that government officials must also adapt. Actually, the government benefits greatly from the tax revenue imposed on each transaction that occurs, but it does require transactions with local exchanges and not others, so that at the same time they can monitor if there is any misuse.
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In my opinion, because countries do not have proper regulations, many are hesitant to do it, but for countries that have implemented it well, there are no problems with the law. A good country is willing to accept technological updates that are inevitable to be used both globally and individually, Because technology continues to advance so that government officials must also adapt. Actually, the government benefits greatly from the tax revenue imposed on each transaction that occurs, but it does require transactions with local exchanges and not others, so that at the same time they can monitor if there is any misuse.
I see that currently many countries are starting to accept bitcoin as an investment for their citizens, this is very good. because the government should support technological progress, not reject it. The government should start making regulations so that citizens who invest in crypto feel safe and protected. The government can take taxes from crypto transactions and this is a good income for the country.
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In my opinion, because countries do not have proper regulations, many are hesitant to do it, but for countries that have implemented it well, there are no problems with the law. A good country is willing to accept technological updates that are inevitable to be used both globally and individually, Because technology continues to advance so that government officials must also adapt. Actually, the government benefits greatly from the tax revenue imposed on each transaction that occurs, but it does require transactions with local exchanges and not others, so that at the same time they can monitor if there is any misuse.
According to game theory, when a major country adopts BTC, other countries tend to follow suit because they fear BTC will become extremely valuable in the future and they're missing out. This is FOMO at the national level and it will spread globally in the short term; it's just a matter of time. I believe this will happen soon after Trump implements new policies for BTC and crypto in the US.
Crypto tax can provide new sources of capital for governments. Governments always need money to operate their administrative, military, and charitable apparatuses, so governments love this. Issues related to money laundering aren't too serious because fiat is still the preferred tool of criminals. I think the only reason governments hate crypto is because of fiat's weakness compared to crypto. But the irony is that it's the weak governments that are printing money and causing the value of fiat to decline. In simpler terms, governments are creating inflation and they're actively fighting inflation as if inflation suddenly appeared and persisted in the economy.
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In my opinion, because countries do not have proper regulations, many are hesitant to do it, but for countries that have implemented it well, there are no problems with the law. A good country is willing to accept technological updates that are inevitable to be used both globally and individually, Because technology continues to advance so that government officials must also adapt. Actually, the government benefits greatly from the tax revenue imposed on each transaction that occurs, but it does require transactions with local exchanges and not others, so that at the same time they can monitor if there is any misuse.
I see that currently many countries are starting to accept bitcoin as an investment for their citizens, this is very good. because the government should support technological progress, not reject it. The government should start making regulations so that citizens who invest in crypto feel safe and protected. The government can take taxes from crypto transactions and this is a good income for the country.
Yeah, making it all a bit more centralized for mass-adopted usage by people ;D This would have its pros and cons in the long run, both for the people involved and the market.
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Yeah, making it all a bit more centralized for mass-adopted usage by people ;D This would have its pros and cons in the long run, both for the people involved and the market.
When all governments unites and agrees to crack down all crypto users to which I think will realluly hapoen, they can keep an eye to every one through the transactions we do.
It wouldn't sound really bad especially if its for looking for the bad guys and prevent them from harming. Thats the pro but the cons are worse.
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Yeah, making it all a bit more centralized for mass-adopted usage by people ;D This would have its pros and cons in the long run, both for the people involved and the market.
When all governments unites and agrees to crack down all crypto users to which I think will realluly hapoen, they can keep an eye to every one through the transactions we do.
It wouldn't sound really bad especially if its for looking for the bad guys and prevent them from harming. Thats the pro but the cons are worse.
Yep, it's against the core principle of crypto, basically - decentralization ;D
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Yeah, making it all a bit more centralized for mass-adopted usage by people ;D This would have its pros and cons in the long run, both for the people involved and the market.
When all governments unites and agrees to crack down all crypto users to which I think will realluly hapoen, they can keep an eye to every one through the transactions we do.
It wouldn't sound really bad especially if its for looking for the bad guys and prevent them from harming. Thats the pro but the cons are worse.
Is it possible that the government can track crypto users? Isn't crypto semi-anonymous and has already guessed for sure. Finding criminals is a good thing, but in the crypto world those who become criminals hide their identities. So I think the government will also have a hard time finding the criminals.
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A country's government can only ban cryptocurrency for its country but they can never kill cryptocurrency. Crypto is decentralised, no one has control over Bitcoin in particular. And it is not possible for anyone to eliminate the existence of Bitcoin. If one wants to completely eliminate Bitcoin and cryptocurrency, there is a way to completely eliminate the Internet, which is never possible because the entire world is now Internet-based. And every sector is now dependent on the internet. So I never think that a government will ever crack down on cryptocurrency but cryptocurrency will be the only currency system of the future.
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Yeah, making it all a bit more centralized for mass-adopted usage by people ;D This would have its pros and cons in the long run, both for the people involved and the market.
When all governments unites and agrees to crack down all crypto users to which I think will realluly hapoen, they can keep an eye to every one through the transactions we do.
It wouldn't sound really bad especially if its for looking for the bad guys and prevent them from harming. Thats the pro but the cons are worse.
Is it possible that the government can track crypto users? Isn't crypto semi-anonymous and has already guessed for sure. Finding criminals is a good thing, but in the crypto world those who become criminals hide their identities. So I think the government will also have a hard time finding the criminals.
Specialized firms and government agencies use blockchain analysis tools to track transactions across it.
By following the flow of funds, they can sometimes link wallet addresses to real-world people, especially if users interact with regulated exchanges that require identity verification.
Otherwise, it's much harder for them to try something like that out, of course ;D
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A country's government can only ban cryptocurrency for its country but they can never kill cryptocurrency. Crypto is decentralised, no one has control over Bitcoin in particular. And it is not possible for anyone to eliminate the existence of Bitcoin. If one wants to completely eliminate Bitcoin and cryptocurrency, there is a way to completely eliminate the Internet, which is never possible because the entire world is now Internet-based. And every sector is now dependent on the internet. So I never think that a government will ever crack down on cryptocurrency but cryptocurrency will be the only currency system of the future.
Yes, if you want to eliminate bitcoin, you should eliminate the internet so that you can't make transactions with crypto. It is impossible for the government to do that, because the internet has become an important part of our lives so far.
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Yes, i believe that government can crack down on crypto. Because we also know that cryptocurrency is not allow in all country. Because when government cannot permits crypto in his country, then if we are continue to active in cryptocurrency it is very crimes in his countries law. But if we dont Care of laws in country. Then we will be considered to be criminal. Then government can punish us for his laws. So i told that it’s true and sure that when government wanted to crack down on crypto, i believe that government can do it.
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A country's government can only ban cryptocurrency for its country but they can never kill cryptocurrency. Crypto is decentralised, no one has control over Bitcoin in particular. And it is not possible for anyone to eliminate the existence of Bitcoin. If one wants to completely eliminate Bitcoin and cryptocurrency, there is a way to completely eliminate the Internet, which is never possible because the entire world is now Internet-based. And every sector is now dependent on the internet. So I never think that a government will ever crack down on cryptocurrency but cryptocurrency will be the only currency system of the future.
Yes, if you want to eliminate bitcoin, you should eliminate the internet so that you can't make transactions with crypto. It is impossible for the government to do that, because the internet has become an important part of our lives so far.
It is not easy to prohibit anywhere and anyone from using bitcoin, because the nature of bitcoin cannot be intervened by anyone, even though there is a ban, it can still be done in any way. The most important thing is that you are right as long as there is still the internet to connect to it. We also know that the internet is a need that cannot be separated from the development of current technology, so no one will be able to hold back and prohibit it.
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In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing
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Yes, i believe that government can crack down on crypto. Because we also know that cryptocurrency is not allow in all country. Because when government cannot permits crypto in his country, then if we are continue to active in cryptocurrency it is very crimes in his countries law. But if we dont Care of laws in country. Then we will be considered to be criminal. Then government can punish us for his laws. So i told that it’s true and sure that when government wanted to crack down on crypto, i believe that government can do it.
Not all the government can crack down crypto and you know why? That's because some countries are very descrete on how they treat their citizens, they understand the right to freedom in all aspect and as long as a person is not involved in a fraudulent activity, he has his choice to invest in anything he or she likes as long as they know the risk involved.
Some of these countries that has ban crypto, when you check their youths half of the population likes crypto and they want to do crypto but the censorship government policy wouldn't allow them but that's just for now, the future belongs to the youth and when there time comes, crypto will be free and fair for anyone interested.
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In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing
Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.
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In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing
Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.
Yes, the government takes a lot of tax on crypto, up to 40%, but usually 30%. It also benefits the government, which means economic growth of the country. Due to this, several developed countries use Bitcoin as a legal currency. However, Bitcoin has gained such popularity that it has become very popular even in countries where Bitcoin has not yet been legalized. My country is proof of this. Bitcoin is not legalized in my country yet. But here huge amount of people use Bitcoin. so I don't think any country's government can crackdown on Bitcoin if they want to. However, if there is a negativity towards Bitcoin by the country's government, it can have some effect on the price of Bitcoin.
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In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing
Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.
The government usually only provides clear regulations, so that there is legal certainty that can provide a sense of security for everyone who wants to do crypto transactions and there is no prohibition, so that they can do anything with crypto.
Moreover, the government can have control by requiring transactions by fiat using a local exchange, so that it can simultaneously collect taxes from every transaction that has occurred and the government benefits from targeted regulations.
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In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing
Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.
The government usually only provides clear regulations, so that there is legal certainty that can provide a sense of security for everyone who wants to do crypto transactions and there is no prohibition, so that they can do anything with crypto.
Moreover, the government can have control by requiring transactions by fiat using a local exchange, so that it can simultaneously collect taxes from every transaction that has occurred and the government benefits from targeted regulations.
I agree with your opinion, the government can take tax from transactions on local exchanges. This is very good for government revenue, of course the government must legalize crypto for investment and transactions on local exchanges.
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I agree with your opinion, the government can take tax from transactions on local exchanges. This is very good for government revenue, of course the government must legalize crypto for investment and transactions on local exchanges.
With the widespread acceptance of crypto on a global scale, governments have figured out how to maximize the potential of crypto: they enact legal frameworks to manage, tax, and even operate their own CEXs to generate revenue. Fighting against crypto or suppressing crypto does not benefit the government, but instead creates opposition from the people and threatens their own political future.
I hope that taxes and revenue from crypto will be used effectively to protect investors and promote the development of crypto rather than being squandered by corrupt politicians.
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In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing
Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.
The government usually only provides clear regulations, so that there is legal certainty that can provide a sense of security for everyone who wants to do crypto transactions and there is no prohibition, so that they can do anything with crypto.
Moreover, the government can have control by requiring transactions by fiat using a local exchange, so that it can simultaneously collect taxes from every transaction that has occurred and the government benefits from targeted regulations.
I agree with your opinion, the government can take tax from transactions on local exchanges. This is very good for government revenue, of course the government must legalize crypto for investment and transactions on local exchanges.
If the country needs income to cover the deficit that occurs, of course, a very rational policy must be carried out. As you said that by legalizing crypto and, at least, it can be accepted and traded easily and with proper regulations, the government will be able to use its tools to take taxes from every exchange and trade that occurs on the local exchange and this is a very mutually beneficial policy.
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I agree with your opinion, the government can take tax from transactions on local exchanges. This is very good for government revenue, of course the government must legalize crypto for investment and transactions on local exchanges.
With the widespread acceptance of crypto on a global scale, governments have figured out how to maximize the potential of crypto: they enact legal frameworks to manage, tax, and even operate their own CEXs to generate revenue. Fighting against crypto or suppressing crypto does not benefit the government, but instead creates opposition from the people and threatens their own political future.
I hope that taxes and revenue from crypto will be used effectively to protect investors and promote the development of crypto rather than being squandered by corrupt politicians.
This is the only way or method on which they could be able to get engaged with crypto because if they would really be trying out to oppose or simply they would really be banning it out
then they've seen that it would be pointless since it couldnt be stopped and this is why they have realized that if they cant stop it then join them and now they are really that trying to get involved and that would really be starting from those centralized platforms on which they could be able to get a hold of. We are seeing them obviously trying out to manipulate the market
on which its pretty evident on what they are currently doing now.
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Yes crypto can exist without government support due to its decentralized nature but then thriving in this world is a whole different ball game entirely. government restrictions is very much able to reduce liquidity, deter investment and hinder mainstream adoption ,While DeFi and P2P networks offer some level of flexilibity. the absence of a regulated and accessible framework can actually lead to the limitation in the growth of crypto. So,balanced regulations are crucial for sustainable development and the crypto community should advocate against overly restrictive measures.
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I agree with your opinion, the government can take tax from transactions on local exchanges. This is very good for government revenue, of course the government must legalize crypto for investment and transactions on local exchanges.
With the widespread acceptance of crypto on a global scale, governments have figured out how to maximize the potential of crypto: they enact legal frameworks to manage, tax, and even operate their own CEXs to generate revenue. Fighting against crypto or suppressing crypto does not benefit the government, but instead creates opposition from the people and threatens their own political future.
I hope that taxes and revenue from crypto will be used effectively to protect investors and promote the development of crypto rather than being squandered by corrupt politicians.
This is the only way or method on which they could be able to get engaged with crypto because if they would really be trying out to oppose or simply they would really be banning it out
then they've seen that it would be pointless since it couldnt be stopped and this is why they have realized that if they cant stop it then join them and now they are really that trying to get involved and that would really be starting from those centralized platforms on which they could be able to get a hold of. We are seeing them obviously trying out to manipulate the market
on which its pretty evident on what they are currently doing now.
Maybe what you said is true. There is no guarantee, to be able to ban and limit everyone from being able to invest, because of its nature it cannot be intervened in any way to be able to control it. Cypto can move on its own without any restrictions that may be done, because it is just a very futile job and will not be able to do that so they have to accept the reality of it and be willing to accept whatever has happened with the existence of crypto so far.
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Maybe what you said is true. There is no guarantee, to be able to ban and limit everyone from being able to invest, because of its nature it cannot be intervened in any way to be able to control it. Cypto can move on its own without any restrictions that may be done, because it is just a very futile job and will not be able to do that so they have to accept the reality of it and be willing to accept whatever has happened with the existence of crypto so far.
no one can limit crypto, that's true because since the beginning of bitcoin's launch, many governments of a country have prohibited their citizens from investing and mining bitcoin, but it turns out that bitcoin has survived and is getting more expensive. this is proof that crypto cannot be limited.
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no one can limit crypto, that's true because since the beginning of bitcoin's launch, many governments of a country have prohibited their citizens from investing and mining bitcoin, but it turns out that bitcoin has survived and is getting more expensive. this is proof that crypto cannot be limited.
I agree that crypto cannot be destroyed by governments because crypto operates on a blockchain, and a blockchain is decentralized and belongs to everyone. Attempts to attack BTC have been around for a long time but have been unsuccessful because no one has enough economic power to compromise BTC's security.
However, governments still have enough power to hinder the development of crypto, as exemplified by the governments of China and Nigeria. When investors fear legal implications associated with crypto, they will opt for safer assets, and the market's liquidity will be severely damaged.
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no one can limit crypto, that's true because since the beginning of bitcoin's launch, many governments of a country have prohibited their citizens from investing and mining bitcoin, but it turns out that bitcoin has survived and is getting more expensive. this is proof that crypto cannot be limited.
I agree that crypto cannot be destroyed by governments because crypto operates on a blockchain, and a blockchain is decentralized and belongs to everyone. Attempts to attack BTC have been around for a long time but have been unsuccessful because no one has enough economic power to compromise BTC's security.
However, governments still have enough power to hinder the development of crypto, as exemplified by the governments of China and Nigeria. When investors fear legal implications associated with crypto, they will opt for safer assets, and the market's liquidity will be severely damaged.
I totally agree.
The progress can be halved, but not stopped.
I think these countries see some risks and dangers in the crypto due to the fact they can't control it (and the funds flowing in it). They are literally scared by it.
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no one can limit crypto, that's true because since the beginning of bitcoin's launch, many governments of a country have prohibited their citizens from investing and mining bitcoin, but it turns out that bitcoin has survived and is getting more expensive. this is proof that crypto cannot be limited.
I agree that crypto cannot be destroyed by governments because crypto operates on a blockchain, and a blockchain is decentralized and belongs to everyone. Attempts to attack BTC have been around for a long time but have been unsuccessful because no one has enough economic power to compromise BTC's security.
However, governments still have enough power to hinder the development of crypto, as exemplified by the governments of China and Nigeria. When investors fear legal implications associated with crypto, they will opt for safer assets, and the market's liquidity will be severely damaged.
The government can only limit the development of crypto projects like in China and Nigeria, but they can't stop crypto from circulating in their country unless they shut down the internet. Crypto will continue to run and many people will invest in it. So we don't need to worry about that.
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no one can limit crypto, that's true because since the beginning of bitcoin's launch, many governments of a country have prohibited their citizens from investing and mining bitcoin, but it turns out that bitcoin has survived and is getting more expensive. this is proof that crypto cannot be limited.
I agree that crypto cannot be destroyed by governments because crypto operates on a blockchain, and a blockchain is decentralized and belongs to everyone. Attempts to attack BTC have been around for a long time but have been unsuccessful because no one has enough economic power to compromise BTC's security.
However, governments still have enough power to hinder the development of crypto, as exemplified by the governments of China and Nigeria. When investors fear legal implications associated with crypto, they will opt for safer assets, and the market's liquidity will be severely damaged.
The government can only limit the development of crypto projects like in China and Nigeria, but they can't stop crypto from circulating in their country unless they shut down the internet. Crypto will continue to run and many people will invest in it. So we don't need to worry about that.
Indeed, as crypto is decentralized in its nature, you can say that it is almost impossible to stop it altogether. Governments can try to ban projects in their countries but if internet is still available then people can use cryptos through international sources. Nevertheless, they also see that high levels of legislation can still have the effect of making the landscape of cryptocurrencies even smaller. For instance, while the Chinese can still buy digital assets, many prominent trading platforms have either relocated themselves or shut down all together, which means, instant access is no longer a thing.
Even if it is possible to use crypto, the legal status sometimes discourages the population to invest in it. As some of the users have pointed out, others may be concerned with the risks which arise from the legal framework or the possibility of access blocking as was the case in Nigeria. Therefore, even if we know that crypto will keep on running we must always watch out for new regulations and must always be willing to work under current conditions. But don’t lay back too much because business and technology environment is very competitive.
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no one can limit crypto, that's true because since the beginning of bitcoin's launch, many governments of a country have prohibited their citizens from investing and mining bitcoin, but it turns out that bitcoin has survived and is getting more expensive. this is proof that crypto cannot be limited.
I agree that crypto cannot be destroyed by governments because crypto operates on a blockchain, and a blockchain is decentralized and belongs to everyone. Attempts to attack BTC have been around for a long time but have been unsuccessful because no one has enough economic power to compromise BTC's security.
However, governments still have enough power to hinder the development of crypto, as exemplified by the governments of China and Nigeria. When investors fear legal implications associated with crypto, they will opt for safer assets, and the market's liquidity will be severely damaged.
The government can only limit the development of crypto projects like in China and Nigeria, but they can't stop crypto from circulating in their country unless they shut down the internet. Crypto will continue to run and many people will invest in it. So we don't need to worry about that.
I too think this way.
The progress can be halted, but it can't be stopped.
The question is when the big fellas are going to understand the possibilities at hand.
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The government can only limit the development of crypto projects like in China and Nigeria, but they can't stop crypto from circulating in their country unless they shut down the internet.
Even with such policies, the government has proven to be able to destroy cryptocurrency prices, right? Like China, where all decisions related to cryptocurrency are always seen as important decisions that are even used as references by many large investors... as well as other large countries such as the US, Russia or other large countries... when regulations regarding cryptocurrency are decided, cryptocurrency prices will spontaneously be affected.
This means that the government of a country can actually destroy cryptocurrency by spreading news and regulations... however, I suspect that there are still some people who still want to use Bitcoin as a money-making asset too... so the country does not want to ban it completely.
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crypto can stand alone without being supported by the government, the development of crypto until now is mostly entrepreneurs or business people who are fighting for crypto to be famous until now so its value is very high. The government may be able to suppress crypto but there is little harm if they suppress it in their country because crypto technology is sophisticated and most countries take advantage of the crypto market.
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I agree that crypto cannot be destroyed by governments because crypto operates on a blockchain, and a blockchain is decentralized and belongs to everyone. Attempts to attack BTC have been around for a long time but have been unsuccessful because no one has enough economic power to compromise BTC's security.
However, governments still have enough power to hinder the development of crypto, as exemplified by the governments of China and Nigeria. When investors fear legal implications associated with crypto, they will opt for safer assets, and the market's liquidity will be severely damaged.
I also think this is real hard for government to control cryptocurrency like Bitcoin because it is decentralized and it uses blockchain technology. Governments have tried to attack Bitcoin before but it is still safe and growing in price overtime. However governments still have power to slow down cryptocurrency growth.
Because they can make strict rules or even ban it means they can set a punishment for those who will use crypto. This can not be good for market and stop cryptocurrency from developing. Governments should find balance between controlling and allowing innovation so cryptocurrency can grow.
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crypto can stand alone without being supported by the government, the development of crypto until now is mostly entrepreneurs or business people who are fighting for crypto to be famous until now so its value is very high.
Let's be fair, the price of crypto would not have reached this high if not for Government's acceptance. A lot of mainstream users (including institutional investors) started buying when crypto was classified as an investment asset.
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There is no possibility of banning cryptocurrency or declaring it illegal. Because it is now spread all over the world. Many people in many countries are involved in it. Crypto currency is now a global currency. BTC currency is used for online shopping in many countries. But in some countries it is still not legalized. But even then many of those countries are secretly involved in crypto currency. But it is unlikely to be banned in countries where crypto currencies are already in use.
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There is no possibility of banning cryptocurrency or declaring it illegal. Because it is now spread all over the world. Many people in many countries are involved in it. Crypto currency is now a global currency. BTC currency is used for online shopping in many countries. But in some countries it is still not legalized. But even then many of those countries are secretly involved in crypto currency. But it is unlikely to be banned in countries where crypto currencies are already in use.
Agree, it will be difficult to ban the use of cryptocurrency, but for some countries, of course, there are still obstacles because the government clearly prohibits the use of anything in the form of crypto, although it is possible that if someone wants to play illegally, they will be able to do it, because the nature of crypto has no restrictions so that everyone can do it, but it is not recommended to violate these rules. Believe that one day everyone will have to accept it because the development of the times is heading in that direction, whoever does not follow will be left behind.
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There is no possibility of banning cryptocurrency or declaring it illegal. Because it is now spread all over the world. Many people in many countries are involved in it. Crypto currency is now a global currency. BTC currency is used for online shopping in many countries. But in some countries it is still not legalized. But even then many of those countries are secretly involved in crypto currency. But it is unlikely to be banned in countries where crypto currencies are already in use.
Agree, it will be difficult to ban the use of cryptocurrency, but for some countries, of course, there are still obstacles because the government clearly prohibits the use of anything in the form of crypto, although it is possible that if someone wants to play illegally, they will be able to do it, because the nature of crypto has no restrictions so that everyone can do it, but it is not recommended to violate these rules. Believe that one day everyone will have to accept it because the development of the times is heading in that direction, whoever does not follow will be left behind.
I also agree that one day everything will be crypto in real time, but does a country as big as China not think about it and will be left behind by other countries. This is a question that until now I have not received an answer to why China is still strongly against crypto entering its country. Although its citizens can of course still invest in crypto even though the government does not allow it.
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There is no possibility of banning cryptocurrency or declaring it illegal. Because it is now spread all over the world. Many people in many countries are involved in it. Crypto currency is now a global currency. BTC currency is used for online shopping in many countries. But in some countries it is still not legalized. But even then many of those countries are secretly involved in crypto currency. But it is unlikely to be banned in countries where crypto currencies are already in use.
Agree, it will be difficult to ban the use of cryptocurrency, but for some countries, of course, there are still obstacles because the government clearly prohibits the use of anything in the form of crypto, although it is possible that if someone wants to play illegally, they will be able to do it, because the nature of crypto has no restrictions so that everyone can do it, but it is not recommended to violate these rules. Believe that one day everyone will have to accept it because the development of the times is heading in that direction, whoever does not follow will be left behind.
I also agree that one day everything will be crypto in real time, but does a country as big as China not think about it and will be left behind by other countries. This is a question that until now I have not received an answer to why China is still strongly against crypto entering its country. Although its citizens can of course still invest in crypto even though the government does not allow it.
However, the gist is that China seems to be in a big dilemma on whether or not to go for cryptocurrencies. There may be pros of crypto use such as reduction in fees, increased transparency and security, the government may consider dan pres and cons of this technology including evasion of taxes, uncontrollable capital flow, and impacts on the stability of the country’s financial system. An official ban could be a way to keep its economy and financial markets regulated as it has been while citizens will look for ways to invest outside of the ban.
Only time will tell how these policies will develop, particularly if the use of digital assets becomes widespread on the international level. It is possible that other countries will undertake measures that would have an impact on China’s standing in the global marketplace.
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Agree, it will be difficult to ban the use of cryptocurrency, but for some countries, of course, there are still obstacles because the government clearly prohibits the use of anything in the form of crypto, although it is possible that if someone wants to play illegally, they will be able to do it, because the nature of crypto has no restrictions so that everyone can do it, but it is not recommended to violate these rules. Believe that one day everyone will have to accept it because the development of the times is heading in that direction, whoever does not follow will be left behind.
Although it may not be possible to completely ban crypto, governments still have enough tools and power to hinder its growth. Therefore, we should never want crypto to be classified as a dangerous asset to the economy. I don't think a market can have high liquidity or easy access to capital from users if the majority of people believe that investing in that market is illegal.
Currently, most countries do not have a legal framework for crypto. Some have officially accepted crypto as an asset, while a few countries continue to ban crypto due to fears about risks to the national economy. When a few major countries accept crypto, this will change, and all countries will have to update their policies for this new asset class if they don't want to be left behind and lose their market advantage.
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Unlike conventional currencies, no government, central bank or any such organization approves it. Their value is fixed based on people beliefs. As the price of a commodity is determined by the market. As investors are responsible for increasing or decreasing the price of bitcoin so no country government can control its price even if it wants to. In addition since there is no opportunity for any country government or any financial institution to claim information on such digital currency, the government of most countries in the world and the high court of that country declared the production and transaction of cryptocurrency to be legally prohibited. But people of that country are using and investing in crypto keeping privacy. So the government of a country can legally ban it but crypto users can control the price increase and decrease.
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There is no possibility of banning cryptocurrency or declaring it illegal. Because it is now spread all over the world. Many people in many countries are involved in it. Crypto currency is now a global currency. BTC currency is used for online shopping in many countries. But in some countries it is still not legalized. But even then many of those countries are secretly involved in crypto currency. But it is unlikely to be banned in countries where crypto currencies are already in use.
I strongly agree that banning cryptocurrency is no longer possible. It is now big part of digital economy used by millions worldwide. Cryptocurrency is hard to control because it us decentralized and transactions are anonymous. Banning it would be impractical and could harm economies.
Bitcoin is accepted for online shopping in many countries showing its growing popularity. Even in countries where it is not allowed people still use it secretly. And my country is one of them.
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I strongly agree that banning cryptocurrency is no longer possible. It is now big part of digital economy used by millions worldwide. Cryptocurrency is hard to control because it us decentralized and transactions are anonymous. Banning it would be impractical and could harm economies.
Bitcoin is accepted for online shopping in many countries showing its growing popularity. Even in countries where it is not allowed people still use it secretly. And my country is one of them.
Believe or not, government not have full power banned cryptocurrency but easily to make new regulation with exchange market as the place for investor and holder purchasing bitcoin. We can hold bitcoin and altcoin assets on wallet but seems impossible store cryptocurrency assets without helped from exchange market.
I think many exchange got cases after government take their business and have allow with government regulation, I think government can make cryptocurrency crack down but its not existing for long term because holder and investor have more full power to make price dump.
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I strongly agree that banning cryptocurrency is no longer possible. It is now big part of digital economy used by millions worldwide. Cryptocurrency is hard to control because it us decentralized and transactions are anonymous. Banning it would be impractical and could harm economies.
Bitcoin is accepted for online shopping in many countries showing its growing popularity. Even in countries where it is not allowed people still use it secretly. And my country is one of them.
I will also agree with you that banning cryptocurrency in any democratic country is definitely not possible. Because it has created a decentralized economic system that works peer to peer and that's why the government can't crack down crypto at will. Moreover, a cryptocurrency is not limited to only one country, it is connected to the places in the world where there is internet.
In this case, it can be said that in the countries where dictatorship is going on, people can be temporarily stopped from using cryptocurrency by shutting down the Internet, but in the future, they will have to open the Internet and for this reason, it is not possible to crackdown on cryptocurrency.
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Governments have the ability to influence and regulate the crypto market significantly, but completely suppressing it is challenging due to its decentralized nature. While they can impose regulations, bans, and restrictions, many users and developers may find ways to circumvent these measures. Additionally, the global nature of cryptocurrencies means that actions taken by one government may not fully control or restrain the market as a whole. Ultimately, while governments can impact the crypto market, completely suppressing it is unlikely. ;)
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I strongly agree that banning cryptocurrency is no longer possible. It is now big part of digital economy used by millions worldwide. Cryptocurrency is hard to control because it us decentralized and transactions are anonymous. Banning it would be impractical and could harm economies.
Bitcoin is accepted for online shopping in many countries showing its growing popularity. Even in countries where it is not allowed people still use it secretly. And my country is one of them.
I will also agree with you that banning cryptocurrency in any democratic country is definitely not possible. Because it has created a decentralized economic system that works peer to peer and that's why the government can't crack down crypto at will. Moreover, a cryptocurrency is not limited to only one country, it is connected to the places in the world where there is internet.
In this case, it can be said that in the countries where dictatorship is going on, people can be temporarily stopped from using cryptocurrency by shutting down the Internet, but in the future, they will have to open the Internet and for this reason, it is not possible to crackdown on cryptocurrency.
As you already know, cryptocurrencies are very hard or even impossible to regulate or even eliminate in democratic countries since they are decentralized and allow for transactions between people all over the world. The larger state cannot easily wage aggressive warfare on the cyptocurrencies without destabilizing the world economy and internet. In countries with authoritarian governments it is relatively easy to shut it down and deny access but again this is only a short term solution. In conclusion, as the internet is back cryptocurrencies will stay and will continue to grow.
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Governments have the ability to influence and regulate the crypto market significantly, but completely suppressing it is challenging due to its decentralized nature. While they can impose regulations, bans, and restrictions, many users and developers may find ways to circumvent these measures. Additionally, the global nature of cryptocurrencies means that actions taken by one government may not fully control or restrain the market as a whole. Ultimately, while governments can impact the crypto market, completely suppressing it is unlikely. ;)
I do agree.
It can delay inevitable, but it sure can't stop it.
Crypto will be accepted one day all over the globe.
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I strongly agree that banning cryptocurrency is no longer possible. It is now big part of digital economy used by millions worldwide. Cryptocurrency is hard to control because it us decentralized and transactions are anonymous. Banning it would be impractical and could harm economies.
Bitcoin is accepted for online shopping in many countries showing its growing popularity. Even in countries where it is not allowed people still use it secretly. And my country is one of them.
I will also agree with you that banning cryptocurrency in any democratic country is definitely not possible. Because it has created a decentralized economic system that works peer to peer and that's why the government can't crack down crypto at will. Moreover, a cryptocurrency is not limited to only one country, it is connected to the places in the world where there is internet.
In this case, it can be said that in the countries where dictatorship is going on, people can be temporarily stopped from using cryptocurrency by shutting down the Internet, but in the future, they will have to open the Internet and for this reason, it is not possible to crackdown on cryptocurrency.
As you already know, cryptocurrencies are very hard or even impossible to regulate or even eliminate in democratic countries since they are decentralized and allow for transactions between people all over the world. The larger state cannot easily wage aggressive warfare on the cyptocurrencies without destabilizing the world economy and internet. In countries with authoritarian governments it is relatively easy to shut it down and deny access but again this is only a short term solution. In conclusion, as the internet is back cryptocurrencies will stay and will continue to grow.
I think nothing can stop technology because crypto offers technological advances that can make it easier for users to gain financial freedom. Haven't we seen in the past that bitcoin was widely known in big countries and it turns out that bitcoin is still surviving and its price is getting more expensive. Isn't this proof that bitcoin and crypto will continue to exist and have a bright future.
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I think nothing can stop technology because crypto offers technological advances that can make it easier for users to gain financial freedom. Haven't we seen in the past that bitcoin was widely known in big countries and it turns out that bitcoin is still surviving and its price is getting more expensive. Isn't this proof that bitcoin and crypto will continue to exist and have a bright future.
The point should be that no one can survive without the technology. Because there are many cases in the world where the government is using digital technologies according to them. If you talk about North Korea or if you talk about China, you will see these things there.
There are many cases in North Korea where everyone can't use the internet. I don't know if this has happened in any country other than North Korea, but I won't discount these things because the only places where the internet can be turned off for a while are those who are involved with cryptocurrency. Big losses will be faced.
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crypto can stand alone without being supported by the government, the development of crypto until now is mostly entrepreneurs or business people who are fighting for crypto to be famous until now so its value is very high.
Let's be fair, the price of crypto would not have reached this high if not for Government's acceptance. A lot of mainstream users (including institutional investors) started buying when crypto was classified as an investment asset.
After Bitcoin got created, the government did not accept it then and even until Bitcoin started to gaining alot of value, the government didn't contribute to its growth and I still don't see any very big thing that the government are doing to promote BitcoinBitcoin, because they are still the ones that called Bitcoin a scam from the start and yet in some countries, Bitcoin is still ban and people who are using Bitcoin in those countries are doing it secretly not to be caught.
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crypto can stand alone without being supported by the government, the development of crypto until now is mostly entrepreneurs or business people who are fighting for crypto to be famous until now so its value is very high.
Let's be fair, the price of crypto would not have reached this high if not for Government's acceptance. A lot of mainstream users (including institutional investors) started buying when crypto was classified as an investment asset.
After Bitcoin got created, the government did not accept it then and even until Bitcoin started to gaining alot of value, the government didn't contribute to its growth and I still don't see any very big thing that the government are doing to promote BitcoinBitcoin, because they are still the ones that called Bitcoin a scam from the start and yet in some countries, Bitcoin is still ban and people who are using Bitcoin in those countries are doing it secretly not to be caught.
This is actually quite true, as for many years now the existence of Bitcoin, has had many governments regarding it as more of a menace than anything else. They view it as a force of nature and that is why many countries have not adopted it to the maximum potential. At the same time, Bitcoin development has been organic supported by its community and users with little or no interventional support from governments. By this we mean that up to now, there is lack of any active involvement or supporting of Bitcoin by governments in a broader sense.
Somewhere the use of Bitcoin is still restricted or prohibited completely and the individuals have to make their transactions in the surreptitious manner. As it is seen here the perception of government on Bitcoin greatly differs based on the regulation policies of its country. Oddly enough, despite being regarded as a scam by some government representatives, Bitcoin keeps on establishing itself as a digital asset which worth on the global level is acknowledged. With time the role of BTC in the growing digital economy may present challenges to government to continue to ignore the existence of bitcoins.
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crypto can stand alone without being supported by the government, the development of crypto until now is mostly entrepreneurs or business people who are fighting for crypto to be famous until now so its value is very high.
Let's be fair, the price of crypto would not have reached this high if not for Government's acceptance. A lot of mainstream users (including institutional investors) started buying when crypto was classified as an investment asset.
After Bitcoin got created, the government did not accept it then and even until Bitcoin started to gaining alot of value, the government didn't contribute to its growth and I still don't see any very big thing that the government are doing to promote BitcoinBitcoin, because they are still the ones that called Bitcoin a scam from the start and yet in some countries, Bitcoin is still ban and people who are using Bitcoin in those countries are doing it secretly not to be caught.
When the governments are unable to control Bitcoin despite their best efforts, they are instead trying to keep the common people away by holding false negative information about Bitcoin. Common people are harassed by various legal complications so that common people do not use crypto. But such attempts by governments are never sustainable. As proof of which we see the number of users of Bitcoin is increasing gradually. Even though Bitcoin is still banned in most of the countries, people are slowly ignoring the restrictions imposed by the government and using Bitcoin. Common people are now able to understand that the government will not be able to take control of Bitcoin which is not even possible.
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crypto can stand alone without being supported by the government, the development of crypto until now is mostly entrepreneurs or business people who are fighting for crypto to be famous until now so its value is very high.
Let's be fair, the price of crypto would not have reached this high if not for Government's acceptance. A lot of mainstream users (including institutional investors) started buying when crypto was classified as an investment asset.
After Bitcoin got created, the government did not accept it then and even until Bitcoin started to gaining alot of value, the government didn't contribute to its growth and I still don't see any very big thing that the government are doing to promote BitcoinBitcoin, because they are still the ones that called Bitcoin a scam from the start and yet in some countries, Bitcoin is still ban and people who are using Bitcoin in those countries are doing it secretly not to be caught.
When the governments are unable to control Bitcoin despite their best efforts, they are instead trying to keep the common people away by holding false negative information about Bitcoin. Common people are harassed by various legal complications so that common people do not use crypto. But such attempts by governments are never sustainable. As proof of which we see the number of users of Bitcoin is increasing gradually. Even though Bitcoin is still banned in most of the countries, people are slowly ignoring the restrictions imposed by the government and using Bitcoin. Common people are now able to understand that the government will not be able to take control of Bitcoin which is not even possible.
Yes, that's what's happening right now, bitcoin is getting more popular and is used by many people for investment, some also use it for payment methods even though it is prohibited by the state. because in my opinion no one can prohibit crypto, especially bitcoin, because bitcoin has become the most potential crypto asset to hold in the long term. .
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crypto can stand alone without being supported by the government, the development of crypto until now is mostly entrepreneurs or business people who are fighting for crypto to be famous until now so its value is very high.
Let's be fair, the price of crypto would not have reached this high if not for Government's acceptance. A lot of mainstream users (including institutional investors) started buying when crypto was classified as an investment asset.
After Bitcoin got created, the government did not accept it then and even until Bitcoin started to gaining alot of value, the government didn't contribute to its growth and I still don't see any very big thing that the government are doing to promote BitcoinBitcoin, because they are still the ones that called Bitcoin a scam from the start and yet in some countries, Bitcoin is still ban and people who are using Bitcoin in those countries are doing it secretly not to be caught.
Govs are all in for full control, otherwise, they may think of anything as bad or uncontrollable, really, that's the way they operate.
If it's not bound to a central authority, it's not that good in terms of control.
And that's what BTC is.
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There is no possibility of banning cryptocurrency or declaring it illegal. Because it is now spread all over the world. Many people in many countries are involved in it. Crypto currency is now a global currency. BTC currency is used for online shopping in many countries. But in some countries it is still not legalized. But even then many of those countries are secretly involved in crypto currency. But it is unlikely to be banned in countries where crypto currencies are already in use.
Agree, it will be difficult to ban the use of cryptocurrency, but for some countries, of course, there are still obstacles because the government clearly prohibits the use of anything in the form of crypto, although it is possible that if someone wants to play illegally, they will be able to do it, because the nature of crypto has no restrictions so that everyone can do it, but it is not recommended to violate these rules. Believe that one day everyone will have to accept it because the development of the times is heading in that direction, whoever does not follow will be left behind.
I also agree that one day everything will be crypto in real time, but does a country as big as China not think about it and will be left behind by other countries. This is a question that until now I have not received an answer to why China is still strongly against crypto entering its country. Although its citizens can of course still invest in crypto even though the government does not allow it.
Indeed, in the end, everyone will not be able to avoid the fact that there will be crypto in time, It is difficult to avoid the presence of crypto.
As a large country and not dependent on any country in its industry, it is certain that China will also try to make its own crypto, but will it be accepted by other countries? Of course, it is a follow-up problem that needs to be considered, but I am very sure that in time China will accept crypto again and cannot avoid that reality.
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There is no possibility of banning cryptocurrency or declaring it illegal. Because it is now spread all over the world. Many people in many countries are involved in it. Crypto currency is now a global currency. BTC currency is used for online shopping in many countries. But in some countries it is still not legalized. But even then many of those countries are secretly involved in crypto currency. But it is unlikely to be banned in countries where crypto currencies are already in use.
Agree, it will be difficult to ban the use of cryptocurrency, but for some countries, of course, there are still obstacles because the government clearly prohibits the use of anything in the form of crypto, although it is possible that if someone wants to play illegally, they will be able to do it, because the nature of crypto has no restrictions so that everyone can do it, but it is not recommended to violate these rules. Believe that one day everyone will have to accept it because the development of the times is heading in that direction, whoever does not follow will be left behind.
I also agree that one day everything will be crypto in real time, but does a country as big as China not think about it and will be left behind by other countries. This is a question that until now I have not received an answer to why China is still strongly against crypto entering its country. Although its citizens can of course still invest in crypto even though the government does not allow it.
Indeed, in the end, everyone will not be able to avoid the fact that there will be crypto in time, It is difficult to avoid the presence of crypto.
As a large country and not dependent on any country in its industry, it is certain that China will also try to make its own crypto, but will it be accepted by other countries? Of course, it is a follow-up problem that needs to be considered, but I am very sure that in time China will accept crypto again and cannot avoid that reality.
..But it will be on some sorts of government leash, in my opinion ;D
Otherwise, I don't think China would go to such an extent regarding crypto.
They want all under control when it comes to the country stuff, just like governments all around, really.
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Indeed, in the end, everyone will not be able to avoid the fact that there will be crypto in time, It is difficult to avoid the presence of crypto.
As a large country and not dependent on any country in its industry, it is certain that China will also try to make its own crypto, but will it be accepted by other countries? Of course, it is a follow-up problem that needs to be considered, but I am very sure that in time China will accept crypto again and cannot avoid that reality.
I'm not quite sure when China will return to crypto. Currently, they still view crypto as a dangerous object for the economy and investors, even though Hong Kong is widely adopting crypto in the financial market.
China is a prime example of a nationwide crypto crackdown, where people are restricted from information about the potential of new assets and are introduced to less promising CBDCs. But this is also a good thing because we are still early participants in the crypto market. When China accepts crypto, our opportunities for large profits will diminish.
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Indeed, in the end, everyone will not be able to avoid the fact that there will be crypto in time, It is difficult to avoid the presence of crypto.
As a large country and not dependent on any country in its industry, it is certain that China will also try to make its own crypto, but will it be accepted by other countries? Of course, it is a follow-up problem that needs to be considered, but I am very sure that in time China will accept crypto again and cannot avoid that reality.
I'm not quite sure when China will return to crypto. Currently, they still view crypto as a dangerous object for the economy and investors, even though Hong Kong is widely adopting crypto in the financial market.
China is a prime example of a nationwide crypto crackdown, where people are restricted from information about the potential of new assets and are introduced to less promising CBDCs. But this is also a good thing because we are still early participants in the crypto market. When China accepts crypto, our opportunities for large profits will diminish.
Yep, China is a strict guy when it comes to government affairs.
Maybe they will see the boons from crypto in the future and adapt to the situation, but only time will tell.
It's an interesting case, and as a whole, they are not like that only with Crypto.
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crypto can stand alone without being supported by the government, the development of crypto until now is mostly entrepreneurs or business people who are fighting for crypto to be famous until now so its value is very high.
Let's be fair, the price of crypto would not have reached this high if not for Government's acceptance. A lot of mainstream users (including institutional investors) started buying when crypto was classified as an investment asset.
After Bitcoin got created, the government did not accept it then and even until Bitcoin started to gaining alot of value, the government didn't contribute to its growth and I still don't see any very big thing that the government are doing to promote BitcoinBitcoin, because they are still the ones that called Bitcoin a scam from the start and yet in some countries, Bitcoin is still ban and people who are using Bitcoin in those countries are doing it secretly not to be caught.
Govs are all in for full control, otherwise, they may think of anything as bad or uncontrollable, really, that's the way they operate.
If it's not bound to a central authority, it's not that good in terms of control.
And that's what BTC is.
You’re right and this is the exact reason most government authorities frowns against Bitcoin, due to its decentralized nature, individuals are now in full control and custody of their funds and get to make decisions concerning their funds without the interference of any third party. And since the government are already used to making most financial decisions concerning their citizens via the central banks and the fact that they also get to benefit from those decisions in one way my or the other, Bitcoin denies them this right and by granting full custody to individuals. So they overlook its advantages and focus more on the potential disadvantages.
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You’re right and this is the exact reason most government authorities frowns against Bitcoin, due to its decentralized nature, individuals are now in full control and custody of their funds and get to make decisions concerning their funds without the interference of any third party. And since the government are already used to making most financial decisions concerning their citizens via the central banks and the fact that they also get to benefit from those decisions in one way my or the other, Bitcoin denies them this right and by granting full custody to individuals. So they overlook its advantages and focus more on the potential disadvantages.
BTC was created to bring financial freedom to everyone, meaning it undermines the direct power of governments. Governments don't like this, which is why they once had a very extreme attitude towards crypto.
Currently, crypto is no longer expected by many people to replace fiat. It is seen as an asset for investment like gold or stocks, so the views of governments have become more relaxed. Taxes from crypto are actually attractive and the first reason why governments want to regulate this market rather than ban it. I think we will soon have a clear legal framework for crypto in developed countries, and then in smaller countries on a global scale.
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BTC was created to bring financial freedom to everyone, meaning it undermines the direct power of governments. Governments don't like this, which is why they once had a very extreme attitude towards crypto.
Currently, crypto is no longer expected by many people to replace fiat. It is seen as an asset for investment like gold or stocks, so the views of governments have become more relaxed. Taxes from crypto are actually attractive and the first reason why governments want to regulate this market rather than ban it. I think we will soon have a clear legal framework for crypto in developed countries, and then in smaller countries on a global scale.
Yeah, inasmuch as a lot of government still frown on the idea of crypto gaining mass adoption within their jurisdiction and are pressing really hard to make sure they stop Bitcoin from gaining mass adoption, a few other countries are beginning to subscribe to the idea of Bitcoin. El Salvador for instance, Bitcoin has already gained adoption there and the country currently has a Bitcoin reserve too, they have understood the true importance of Bitcoin and has accepted it to liberate their economy. Although Donald Trump is also canvassing for Bitcoin as we speak but many are skeptical about his intentions towards Bitcoin as they believe it could be nothing more but a mere political strategy to capture the attention of the crypto community. But if his intentions are actually true, then many other countries and governments will follow in that step.
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Yeah, inasmuch as a lot of government still frown on the idea of crypto gaining mass adoption within their jurisdiction and are pressing really hard to make sure they stop Bitcoin from gaining mass adoption, a few other countries are beginning to subscribe to the idea of Bitcoin. El Salvador for instance, Bitcoin has already gained adoption there and the country currently has a Bitcoin reserve too, they have understood the true importance of Bitcoin and has accepted it to liberate their economy. Although Donald Trump is also canvassing for Bitcoin as we speak but many are skeptical about his intentions towards Bitcoin as they believe it could be nothing more but a mere political strategy to capture the attention of the crypto community. But if his intentions are actually true, then many other countries and governments will follow in that step.
At least we have a statement to believe in Trump's plan, and I support Trump in this election even though I can't vote. Trump's win will be a great opportunity for BTC and crypto to gain a mainstream position in the US economy, then the global economy.
If the US accepts crypto on a deep level such as BTC reserves for the national budget and has a clear legal framework, I believe other countries will not be left out of this wave. The US allies will immediately join, followed by most countries in the world. That will be the crypto era we have been waiting for, although this needs to be implemented in the long term, maybe the next 10 - 20 years.
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Yeah, inasmuch as a lot of government still frown on the idea of crypto gaining mass adoption within their jurisdiction and are pressing really hard to make sure they stop Bitcoin from gaining mass adoption, a few other countries are beginning to subscribe to the idea of Bitcoin. El Salvador for instance, Bitcoin has already gained adoption there and the country currently has a Bitcoin reserve too, they have understood the true importance of Bitcoin and has accepted it to liberate their economy. Although Donald Trump is also canvassing for Bitcoin as we speak but many are skeptical about his intentions towards Bitcoin as they believe it could be nothing more but a mere political strategy to capture the attention of the crypto community. But if his intentions are actually true, then many other countries and governments will follow in that step.
At least we have a statement to believe in Trump's plan, and I support Trump in this election even though I can't vote. Trump's win will be a great opportunity for BTC and crypto to gain a mainstream position in the US economy, then the global economy.
If the US accepts crypto on a deep level such as BTC reserves for the national budget and has a clear legal framework, I believe other countries will not be left out of this wave. The US allies will immediately join, followed by most countries in the world. That will be the crypto era we have been waiting for, although this needs to be implemented in the long term, maybe the next 10 - 20 years.
I don't see Trump as a crypto savior of sorts, he is just a politician after all. And a businessman - a combo that makes him a charismatic character, but people like that can change their plans and opinion of the crowd on a whim.
But I would be happy if what you said would be true, of course.
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Yeah, inasmuch as a lot of government still frown on the idea of crypto gaining mass adoption within their jurisdiction and are pressing really hard to make sure they stop Bitcoin from gaining mass adoption, a few other countries are beginning to subscribe to the idea of Bitcoin. El Salvador for instance, Bitcoin has already gained adoption there and the country currently has a Bitcoin reserve too, they have understood the true importance of Bitcoin and has accepted it to liberate their economy. Although Donald Trump is also canvassing for Bitcoin as we speak but many are skeptical about his intentions towards Bitcoin as they believe it could be nothing more but a mere political strategy to capture the attention of the crypto community. But if his intentions are actually true, then many other countries and governments will follow in that step.
At least we have a statement to believe in Trump's plan, and I support Trump in this election even though I can't vote. Trump's win will be a great opportunity for BTC and crypto to gain a mainstream position in the US economy, then the global economy.
If the US accepts crypto on a deep level such as BTC reserves for the national budget and has a clear legal framework, I believe other countries will not be left out of this wave. The US allies will immediately join, followed by most countries in the world. That will be the crypto era we have been waiting for, although this needs to be implemented in the long term, maybe the next 10 - 20 years.
I don't see Trump as a crypto savior of sorts, he is just a politician after all. And a businessman - a combo that makes him a charismatic character, but people like that can change their plans and opinion of the crowd on a whim.
But I would be happy if what you said would be true, of course.
Indeed, he is not a crypto savior but the reputation he has as a business executive and former president who is also a presidential candidate again. Of course, whatever he says will make a reliable contribution to crypto, especially if he himself fully supports the policy on crypto itself in the future.
Of course, everyone will wait for the latest policies that they might make if elected and, of course, all policies will have an impact on the development of crypto in general in the future, and we will wait for that policy.
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Indeed, he is not a crypto savior but the reputation he has as a business executive and former president who is also a presidential candidate again. Of course, whatever he says will make a reliable contribution to crypto, especially if he himself fully supports the policy on crypto itself in the future.
Of course, everyone will wait for the latest policies that they might make if elected and, of course, all policies will have an impact on the development of crypto in general in the future, and we will wait for that policy.
Trump has NFT, Trump used BTC to buy food to show his support for crypto. If Trump becomes the next president, I think he will fulfill his promises to maintain the support of voters.
This is the biggest opportunity for us to see a crypto boom in the US and then globally because other countries also dare not miss this financial wave. I am no longer concerned about China banning crypto or Nigeria taking extreme actions to suppress this market, we should be optimistic about the legal status of crypto in the economy.
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At least we have a statement to believe in Trump's plan, and I support Trump in this election even though I can't vote. Trump's win will be a great opportunity for BTC and crypto to gain a mainstream position in the US economy, then the global economy.
If the US accepts crypto on a deep level such as BTC reserves for the national budget and has a clear legal framework, I believe other countries will not be left out of this wave. The US allies will immediately join, followed by most countries in the world. That will be the crypto era we have been waiting for, although this needs to be implemented in the long term, maybe the next 10 - 20 years.
A statement to believe in Trump’s plans? Sorry I don’t understand what you mean. I’m not saying Trump’s decisions and statements are lies but cmon all we’ve got right is just his words and there’s every tendency for all he’s saying to be just mere election propaganda, trust me that I also would really wish that all he’s saying is true and so are his intentions towards ensuring the mass adoption and recognition of Bitcoin in the US, but I don’t wanna get my hopes up only to have it crashing down. Honestly, inasmuch as I want it to be true and want to believe him, I’m still kinda skeptical about the whole situation. But hey, the fact still remains threat my skepticism wouldn’t matter much or even make any difference, if he’s gonna do it when/if he’s president, he’ll still do it regardless so let’s just watch and see.
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At least we have a statement to believe in Trump's plan, and I support Trump in this election even though I can't vote. Trump's win will be a great opportunity for BTC and crypto to gain a mainstream position in the US economy, then the global economy.
If the US accepts crypto on a deep level such as BTC reserves for the national budget and has a clear legal framework, I believe other countries will not be left out of this wave. The US allies will immediately join, followed by most countries in the world. That will be the crypto era we have been waiting for, although this needs to be implemented in the long term, maybe the next 10 - 20 years.
A statement to believe in Trump’s plans? Sorry I don’t understand what you mean. I’m not saying Trump’s decisions and statements are lies but cmon all we’ve got right is just his words and there’s every tendency for all he’s saying to be just mere election propaganda, trust me that I also would really wish that all he’s saying is true and so are his intentions towards ensuring the mass adoption and recognition of Bitcoin in the US, but I don’t wanna get my hopes up only to have it crashing down. Honestly, inasmuch as I want it to be true and want to believe him, I’m still kinda skeptical about the whole situation. But hey, the fact still remains threat my skepticism wouldn’t matter much or even make any difference, if he’s gonna do it when/if he’s president, he’ll still do it regardless so let’s just watch and see.
We don't have to trust politicians, but sometimes famous people like trump can also affect the market if he says something. I don't 100% believe it but I also hope his words are true and can have a good effect on crypto. I also want to see other politicians support crypto so that the crypto market becomes more popular and this will increase the price of bitcoin.
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We don't have to trust politicians, but sometimes famous people like trump can also affect the market if he says something. I don't 100% believe it but I also hope his words are true and can have a good effect on crypto. I also want to see other politicians support crypto so that the crypto market becomes more popular and this will increase the price of bitcoin.
Donald Trump isn’t just a politician but also a powerful business tycoon with lots of influence, in the business market, and yeah, such a person can easily influence a tremendous change in the crypto market, and that’s why I’m strongly hoping that he actually does keep to his words because he’s really gonna make a huge turnaround for the crypto community. Even with the few announcements he’s made so far concerning Bitcoin is causing a pretty huge
Outcome in the market, so I’m imagining when he eventually becomes the president and eventually fulfill all his promises, the price of Bitcoin will suddenly skyrocket.
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Some things are not easily done by just a mere mouth, we have to work it out and put on every necessary effort in ensuring that it all becomes a success, governments should know this from the first instance that their power does not extend to regulating on cryptocurrency by any chance, then after knowing this, i think we should have a peace of mind that no regulation can bring it down.
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Some things are not easily done by just a mere mouth, we have to work it out and put on every necessary effort in ensuring that it all becomes a success, governments should know this from the first instance that their power does not extend to regulating on cryptocurrency by any chance, then after knowing this, i think we should have a peace of mind that no regulation can bring it down.
The government can only make regulations to regulate local exchanges. They have no authority to enter global exchanges, the last time I read local exchanges provide data to the government in a country, I don't think that's something that worries us as investors, because the risk is that we only get taxed as long as we don't do illegal transactions, I think it's safe.
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The government can only make regulations to regulate local exchanges. They have no authority to enter global exchanges, the last time I read local exchanges provide data to the government in a country, I don't think that's something that worries us as investors, because the risk is that we only get taxed as long as we don't do illegal transactions, I think it's safe.
If we want crypto to thrive, we must accept government involvement. CEXs will be the first target for government intervention to ensure efficient tax collection. However, this comes with significant risks as users may not want governments monitoring all their activities. There's also the threat of crypto being banned again if governments change their stance.
Personally, I'm not ready to use government-backed CEXs. I prefer CEXs operated by crypto companies like Binance. The market should be decentralized rather than having liquidity controlled by governments with poor economic management.
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Actually bitcoin depend on their investor without support from government keep increasing the higher price, but get difficult for selling or buying bitcoin without support bank deposit for the beginner when using local exchange currency market. I think government can't crack down totally with bitcoin but they have power to stop or banned bitcoin transaction from closing exchange market access until not allowed to withdraw crypto assets to fiat using bank account.
Today bitcoin have give positive impact and take benefit each other between by adopting taxes transaction for cryptocurrency, government will not suspend using bitcoin for transaction any more behind how much taxes earn every month.
I agree. Crypto without full support from governments around the world has reached this point where crypto dominates the online market. And even crypto with services that promise cheap and safe transactions. Making it even more popular today. As for if the government fully supports crypto as a currency This will probably be very good news for investors who have been involved in this investment for a long time.
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A country's government can temporarily influence the Bitcoin market if it wants to, but that influence does not last long. Like assuming China has a lot of influence but China has banned Bitcoin several times before but the impact of that ban caused a temporary impact on the market but that impact didn't last long. So the government of a country can't crack down on Bitcoin if it wants to, but it can temporarily create a negative reaction and there can be a kind of crack down in the market.
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A country's government can temporarily influence the Bitcoin market if it wants to, but that influence does not last long. Like assuming China has a lot of influence but China has banned Bitcoin several times before but the impact of that ban caused a temporary impact on the market but that impact didn't last long. So the government of a country can't crack down on Bitcoin if it wants to, but it can temporarily create a negative reaction and there can be a kind of crack down in the market.
I also don't think any government can completely eliminate crypto on a global scale. It's very difficult for all governments to agree on that, as crypto is generating revenue for many countries through taxes and promotion.
However, governments can suppress and make it difficult for crypto to develop in that country. China has suppressed crypto, and we haven't seen the development of crypto in that country, although blockchain is being researched and implemented by them. Chinese investors are not benefiting from this suppression, a legal framework accepting crypto is what we can expect in future!
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If you ask me Can governments crack down on crypto? Yes, governments are fully capable of cracking down on crypto that is really the answer for a single country so what I mean here a government can crack down on crypto in a country just like china that ban on bitcoin.
But in a whole earth I believe as long there is an internet no single government can take down the whole network
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A country's government can temporarily influence the Bitcoin market if it wants to, but that influence does not last long. Like assuming China has a lot of influence but China has banned Bitcoin several times before but the impact of that ban caused a temporary impact on the market but that impact didn't last long. So the government of a country can't crack down on Bitcoin if it wants to, but it can temporarily create a negative reaction and there can be a kind of crack down in the market.
I also don't think any government can completely eliminate crypto on a global scale. It's very difficult for all governments to agree on that, as crypto is generating revenue for many countries through taxes and promotion.
However, governments can suppress and make it difficult for crypto to develop in that country. China has suppressed crypto, and we haven't seen the development of crypto in that country, although blockchain is being researched and implemented by them. Chinese investors are not benefiting from this suppression, a legal framework accepting crypto is what we can expect in future!
Yes, the government can only ban and cannot eliminate crypto in its country, because even though China bans crypto, many of its citizens still invest and mine. Nothing can stop crypto unless the government turns off the internet connection in the country.
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A country's government can temporarily influence the Bitcoin market if it wants to, but that influence does not last long. Like assuming China has a lot of influence but China has banned Bitcoin several times before but the impact of that ban caused a temporary impact on the market but that impact didn't last long. So the government of a country can't crack down on Bitcoin if it wants to, but it can temporarily create a negative reaction and there can be a kind of crack down in the market.
I also don't think any government can completely eliminate crypto on a global scale. It's very difficult for all governments to agree on that, as crypto is generating revenue for many countries through taxes and promotion.
However, governments can suppress and make it difficult for crypto to develop in that country. China has suppressed crypto, and we haven't seen the development of crypto in that country, although blockchain is being researched and implemented by them. Chinese investors are not benefiting from this suppression, a legal framework accepting crypto is what we can expect in future!
Yes, the government can only ban and cannot eliminate crypto in its country, because even though China bans crypto, many of its citizens still invest and mine. Nothing can stop crypto unless the government turns off the internet connection in the country.
Exacty, Governments can make decisions and implement bans on cryptos but implementing a total ban is almost impossible due to the nature of cryptos. Like China, despite the government banning operations of the devices the citizens are carrying out crypto-related activities secretly or in one way or the other. This is due to the decentralized nature of transactions in the crypto market effective use of the Blockchain technology individual cannot be wholly controlled.
The only other possibility of stopping all crypto activities as we have seen in this paper, is to completely switch off the internet in the country – which is otherwise quite impossible in the long term, especially if it resets the whole economy and social lives. Moreover, experienced crypto users will always look for a way to remain connected to the blockchain network, operational via VPN and other technological connections. However, this phenomenon of innovative growth indicates that even if authorities attempt to regulate and ban crypto, this currency is going to remain present in different countries, including those countries with strict legislation.
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A country's government can temporarily influence the Bitcoin market if it wants to, but that influence does not last long. Like assuming China has a lot of influence but China has banned Bitcoin several times before but the impact of that ban caused a temporary impact on the market but that impact didn't last long. So the government of a country can't crack down on Bitcoin if it wants to, but it can temporarily create a negative reaction and there can be a kind of crack down in the market.
I also don't think any government can completely eliminate crypto on a global scale. It's very difficult for all governments to agree on that, as crypto is generating revenue for many countries through taxes and promotion.
However, governments can suppress and make it difficult for crypto to develop in that country. China has suppressed crypto, and we haven't seen the development of crypto in that country, although blockchain is being researched and implemented by them. Chinese investors are not benefiting from this suppression, a legal framework accepting crypto is what we can expect in future!
Yes, the government can only ban and cannot eliminate crypto in its country, because even though China bans crypto, many of its citizens still invest and mine. Nothing can stop crypto unless the government turns off the internet connection in the country.
I do agree. As it was said by you and many others, the progress can be slowed, but can't be stopped fully.
Completely banning it anywhere means turning off the Internet ;D
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Actually bitcoin depend on their investor without support from government keep increasing the higher price, but get difficult for selling or buying bitcoin without support bank deposit for the beginner when using local exchange currency market. I think government can't crack down totally with bitcoin but they have power to stop or banned bitcoin transaction from closing exchange market access until not allowed to withdraw crypto assets to fiat using bank account.
Today bitcoin have give positive impact and take benefit each other between by adopting taxes transaction for cryptocurrency, government will not suspend using bitcoin for transaction any more behind how much taxes earn every month.
I agree. Crypto without full support from governments around the world has reached this point where crypto dominates the online market. And even crypto with services that promise cheap and safe transactions. Making it even more popular today. As for if the government fully supports crypto as a currency This will probably be very good news for investors who have been involved in this investment for a long time.
The government clearly needs to be able to contribute to the ratification of crypto in the country, but cannot interfere in any way, and it can still run if the government does not ratify it. It is increasingly popular, but does not guarantee that many countries will always provide support, and there are still many who have not accepted crypto, and it takes more hard work from the community so that many countries know how important crypto is for their citizens. The existence of crypto provides a lot of help for the benefit of society in general, so there should be support from the local government.
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The government clearly needs to be able to contribute to the ratification of crypto in the country, but cannot interfere in any way, and it can still run if the government does not ratify it. It is increasingly popular, but does not guarantee that many countries will always provide support, and there are still many who have not accepted crypto, and it takes more hard work from the community so that many countries know how important crypto is for their citizens. The existence of crypto provides a lot of help for the benefit of society in general, so there should be support from the local government.
Currently, opposing crypto is no longer the goal of governments. I believe they've come to understand that crypto can offer more benefits than risks. Crypto deserves to exist and be regulated to generate tax revenue. I wouldn't be surprised if they've been studying crypto and accumulating thousands of BTC in their treasuries all along.
Government officials will be forced to listen to the opinions of crypto investors as they're becoming a significant part of the electorate. Younger generations will replace the older ones, and crypto will gradually penetrate the economy, although it may not fully replace fiat.
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The government clearly needs to be able to contribute to the ratification of crypto in the country, but cannot interfere in any way, and it can still run if the government does not ratify it. It is increasingly popular, but does not guarantee that many countries will always provide support, and there are still many who have not accepted crypto, and it takes more hard work from the community so that many countries know how important crypto is for their citizens. The existence of crypto provides a lot of help for the benefit of society in general, so there should be support from the local government.
Currently, opposing crypto is no longer the goal of governments. I believe they've come to understand that crypto can offer more benefits than risks. Crypto deserves to exist and be regulated to generate tax revenue. I wouldn't be surprised if they've been studying crypto and accumulating thousands of BTC in their treasuries all along.
Government officials will be forced to listen to the opinions of crypto investors as they're becoming a significant part of the electorate. Younger generations will replace the older ones, and crypto will gradually penetrate the economy, although it may not fully replace fiat.
The government should make rules that regulate crypto in their country and can collect taxes from crypto transactions, this is what I have seen lately, many governments have legalized crypto and have rules about crypto in their country. Because crypto is the technology of the future and as you said the older generation will be replaced by the younger generation who prefer crypto.
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The government clearly needs to be able to contribute to the ratification of crypto in the country, but cannot interfere in any way, and it can still run if the government does not ratify it. It is increasingly popular, but does not guarantee that many countries will always provide support, and there are still many who have not accepted crypto, and it takes more hard work from the community so that many countries know how important crypto is for their citizens. The existence of crypto provides a lot of help for the benefit of society in general, so there should be support from the local government.
Currently, opposing crypto is no longer the goal of governments. I believe they've come to understand that crypto can offer more benefits than risks. Crypto deserves to exist and be regulated to generate tax revenue. I wouldn't be surprised if they've been studying crypto and accumulating thousands of BTC in their treasuries all along.
Government officials will be forced to listen to the opinions of crypto investors as they're becoming a significant part of the electorate. Younger generations will replace the older ones, and crypto will gradually penetrate the economy, although it may not fully replace fiat.
The government should make rules that regulate crypto in their country and can collect taxes from crypto transactions, this is what I have seen lately, many governments have legalized crypto and have rules about crypto in their country. Because crypto is the technology of the future and as you said the older generation will be replaced by the younger generation who prefer crypto.
The government does need to have clear rules on what counts as cryptocurrencies in order for crypto transactions to be taxed or regulated. This is important in guarding consumers, discouraging illegality, and ensuring the highest level of tax receipt from ever-heightening transaction occurrences. With more and more people using cryptos, especially the younger generation, who consider it as part of the future of finance technology, many countries are legalize and regulating around it. This step not only provokes new economic possibilities but also let the growth of crypto technology be manageable with the right rules and regulations.
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The government does need to have clear rules on what counts as cryptocurrencies in order for crypto transactions to be taxed or regulated. This is important in guarding consumers, discouraging illegality, and ensuring the highest level of tax receipt from ever-heightening transaction occurrences. With more and more people using cryptos, especially the younger generation, who consider it as part of the future of finance technology, many countries are legalize and regulating around it. This step not only provokes new economic possibilities but also let the growth of crypto technology be manageable with the right rules and regulations.
I agree with you the government should have clear rules and allow crypto as an investment and make transactions on local exchanges the government can take taxes from the transaction. Isn't this a good income for the government if its citizens use crypto a lot, and the government can get a large amount of tax.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
Bitcoin can exist without governments, because it is not based on speculation, but on decentralization and in a real demand for a global currency, internet money, etc.
Other cryptocurrencies are not that resilient, so the rest of the crypto market certainly need government acceptance and depends on regulations.
(https://th.bing.com/th/id/R.3b8e7719976bac6583ab806f0ce4fc87?rik=0p4jFIL%2bP23%2bWw&pid=ImgRaw&r=0)
That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.
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That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.
Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.
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Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.
We're still in the crypto market because we all believe in a bright future for BTC. However, we can't ignore the impact of governments on crypto, and China's bans are clear evidence of what governments can do.
In more democratic countries, governments usually have to listen to the people if they don't want to be replaced. This is our hope for global crypto adoption. I believe that as soon as the US officially recognizes BTC, other governments will follow for fear of missing out on something truly great.
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Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.
We're still in the crypto market because we all believe in a bright future for BTC. However, we can't ignore the impact of governments on crypto, and China's bans are clear evidence of what governments can do.
In more democratic countries, governments usually have to listen to the people if they don't want to be replaced. This is our hope for global crypto adoption. I believe that as soon as the US officially recognizes BTC, other governments will follow for fear of missing out on something truly great.
Do you think that US will do something good for the adoption of BTC? I hope for it, but I do think they will use it just like other funds they've got for their own gain, being the biggest hub in the future and having bigger reserves of it. Only time will tell what will happen then.
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That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.
Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.
That is very hard to decide because only percentage of the total countries in the world are even ready to welcome bitcoin, most of them don’t really care about it and will never allow it to come and be a resistance to their local fiat currencies. The decentralized nature of bitcoin has made it very hard for most of the world countries to adopt it simply because they can’t control or manipulate. This is what the government wants and if they can’t get it, they will make it very difficult for the currency to thrive. I am not saying it can’t be accepted globally in the future, but with the indications now, there is no sign of such happening anytime soon.
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That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.
Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.
That is very hard to decide because only percentage of the total countries in the world are even ready to welcome bitcoin, most of them don’t really care about it and will never allow it to come and be a resistance to their local fiat currencies. The decentralized nature of bitcoin has made it very hard for most of the world countries to adopt it simply because they can’t control or manipulate. This is what the government wants and if they can’t get it, they will make it very difficult for the currency to thrive. I am not saying it can’t be accepted globally in the future, but with the indications now, there is no sign of such happening anytime soon.
Decentralization is the reason why the government at the beginning of Bitcoin's launch strongly opposed Bitcoin at that time, because the government could not regulate it, but Bitcoin is getting more popular and more expensive every day, this is what the government considered to regulate and allow Bitcoin as an investment because the government can collect taxes from every Bitcoin and altcoin transaction.
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Decentralization is the reason why the government at the beginning of Bitcoin's launch strongly opposed Bitcoin at that time, because the government could not regulate it, but Bitcoin is getting more popular and more expensive every day, this is what the government considered to regulate and allow Bitcoin as an investment because the government can collect taxes from every Bitcoin and altcoin transaction.
I think this is a good change from governments that we've been waiting for years. Now governments are starting to realize the value and power of BTC, when they can't destroy BTC, they'll find ways to profit from it.
When major countries in the world accept crypto, many allied and dependent countries won't be able to refuse crypto. Countries that can isolate themselves from the crypto wave won't be safe, they'll only be left behind and less attractive to the economy.
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That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.
Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.
That is very hard to decide because only percentage of the total countries in the world are even ready to welcome bitcoin, most of them don’t really care about it and will never allow it to come and be a resistance to their local fiat currencies. The decentralized nature of bitcoin has made it very hard for most of the world countries to adopt it simply because they can’t control or manipulate. This is what the government wants and if they can’t get it, they will make it very difficult for the currency to thrive. I am not saying it can’t be accepted globally in the future, but with the indications now, there is no sign of such happening anytime soon.
Decentralization is the reason why the government at the beginning of Bitcoin's launch strongly opposed Bitcoin at that time, because the government could not regulate it, but Bitcoin is getting more popular and more expensive every day, this is what the government considered to regulate and allow Bitcoin as an investment because the government can collect taxes from every Bitcoin and altcoin transaction.
as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.
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as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.
There are numerous ways for governments to tax crypto. Government-run CEXs are the simplest proposal but have drawbacks, such as not capturing taxes from users of other exchanges. Monopolizing CEXs isn't a sound policy if a government embraces crypto.
The US, without government-owned CEXs, successfully taxes crypto through annual income reporting. This sets a precedent for other nations. While governments can create their own CEXs, their primary goal would likely be transaction fees, not income taxes.
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as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.
There are numerous ways for governments to tax crypto. Government-run CEXs are the simplest proposal but have drawbacks, such as not capturing taxes from users of other exchanges. Monopolizing CEXs isn't a sound policy if a government embraces crypto.
The US, without government-owned CEXs, successfully taxes crypto through annual income reporting. This sets a precedent for other nations. While governments can create their own CEXs, their primary goal would likely be transaction fees, not income taxes.
Or govs would just go with CBDC and create the logistics and networks for it.
It's interesting how things will evolve with time and who will be the first to - really - put crypto on the scale that it would be monumental for the space as a whole.
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as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.
Yes, the government can collect taxes from local stock exchange transactions, this is very good for state revenue. But some people focus more on the global stock exchange and maybe the government has difficulty collecting taxes from it.
Maybe in the future there will be regulations about it, although I think the government will have difficulty entering the global stock exchange.
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Cryptocurrency cannot be banned by the government because the system of cryptocurrency is not centralized, everyone has the right to have cryptocurrency coins. If the government banned cryptocurrency, it would have been done since the first time Bitcoin was born and the proof is that now Bitcoin is not banned, in fact Bitcoin has become a digital asset that is fought over. It also depends if a country bans cryptocurrency, then the country will definitely block all access to the cryptocurrency business, maybe some countries are banned but until now I don't know which countries have banned cryptocurrency.
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Cryptocurrency cannot be banned by the government because the system of cryptocurrency is not centralized, everyone has the right to have cryptocurrency coins. If the government banned cryptocurrency, it would have been done since the first time Bitcoin was born and the proof is that now Bitcoin is not banned, in fact Bitcoin has become a digital asset that is fought over. It also depends if a country bans cryptocurrency, then the country will definitely block all access to the cryptocurrency business, maybe some countries are banned but until now I don't know which countries have banned cryptocurrency.
They don't want to ban it outright, just to control it with regulations and all kinds of shenanigans ;D
After all, there will be reserves of BTC created in the U.S. probably, so govs do understand the usability of crypto as something like a reserve, but it's still not a mass adoption of sorts. Not with BTC, at least.
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Cryptocurrency cannot be banned by the government because the system of cryptocurrency is not centralized, everyone has the right to have cryptocurrency coins. If the government banned cryptocurrency, it would have been done since the first time Bitcoin was born and the proof is that now Bitcoin is not banned, in fact Bitcoin has become a digital asset that is fought over. It also depends if a country bans cryptocurrency, then the country will definitely block all access to the cryptocurrency business, maybe some countries are banned but until now I don't know which countries have banned cryptocurrency.
They don't want to ban it outright, just to control it with regulations and all kinds of shenanigans ;D
After all, there will be reserves of BTC created in the U.S. probably, so govs do understand the usability of crypto as something like a reserve, but it's still not a mass adoption of sorts. Not with BTC, at least.
My thoughts are also there, this government wants to create Bitcoin reserves because Bitcoin is like something that can be profited from. Basic thinking like this, then of course the government also wants to profit from Bitcoin.
This is just my thinking that could be hallucinating but I myself am sure that the government wants to find the best from Bitcoin profits because Bitcoin is now said to be a digital asset. The government must not be left behind because Bitcoin can create tax profits for state revenue.
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Cryptocurrency cannot be banned by the government because the system of cryptocurrency is not centralized, everyone has the right to have cryptocurrency coins. If the government banned cryptocurrency, it would have been done since the first time Bitcoin was born and the proof is that now Bitcoin is not banned, in fact Bitcoin has become a digital asset that is fought over. It also depends if a country bans cryptocurrency, then the country will definitely block all access to the cryptocurrency business, maybe some countries are banned but until now I don't know which countries have banned cryptocurrency.
They don't want to ban it outright, just to control it with regulations and all kinds of shenanigans ;D
After all, there will be reserves of BTC created in the U.S. probably, so govs do understand the usability of crypto as something like a reserve, but it's still not a mass adoption of sorts. Not with BTC, at least.
It's because they are going to make a lot of money as well, like tax with crypto regulations. And government knows it, so instead of outright ban or something, they embrace it. We have even heard countries that have Bitcoin reserves already.
So hopefully the trend will change in the next 10 years, instead of Bitcoin being look upon as something that is bad or gonna hurt the government, they should look at it as something that can give them more leeway in terms of financial gains as hedge or government reserves.
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Cryptocurrency cannot be banned by the government because the system of cryptocurrency is not centralized, everyone has the right to have cryptocurrency coins. If the government banned cryptocurrency, it would have been done since the first time Bitcoin was born and the proof is that now Bitcoin is not banned, in fact Bitcoin has become a digital asset that is fought over. It also depends if a country bans cryptocurrency, then the country will definitely block all access to the cryptocurrency business, maybe some countries are banned but until now I don't know which countries have banned cryptocurrency.
They don't want to ban it outright, just to control it with regulations and all kinds of shenanigans ;D
After all, there will be reserves of BTC created in the U.S. probably, so govs do understand the usability of crypto as something like a reserve, but it's still not a mass adoption of sorts. Not with BTC, at least.
It's because they are going to make a lot of money as well, like tax with crypto regulations. And government knows it, so instead of outright ban or something, they embrace it.
Yes, in my country, Bitcoin was once banned from circulating so that the community in Indonesia was all afraid and preferred to remain silent and hide rather than voice or promote Bitcoin. But now our country Indonesia is clearly very different because it has accepted Bitcoin to be traded on a special cryptocurrency market, namely INDODAX. (https://indodax.com/market/BTCIDR)
We have even heard countries that have Bitcoin reserves already.
......
Really? Which countries do you know that have chosen Bitcoin as their reserve fund? I am very curious.
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They don't want to ban it outright, just to control it with regulations and all kinds of shenanigans ;D
for sure the government has studied the purpose of crypto and has seen how profitable it can be if used correctly but the thing with the government is they would need to give up full control over their citizens if they admit that crypto is indeed useful and beneficial
see how there are central banks that get involved with crypto that is their way to somehow profit from crypto without exactly giving up control
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for sure the government has studied the purpose of crypto and has seen how profitable it can be if used correctly but the thing with the government is they would need to give up full control over their citizens if they admit that crypto is indeed useful and beneficial
see how there are central banks that get involved with crypto that is their way to somehow profit from crypto without exactly giving up control
Crypto has matured to the point where progressive governments are beginning to recognize and accept them. These governments are adopting a more positive stance towards crypto, favoring regulation over outright bans and taxation over incarceration of investors.
Traditional banks, once staunchly opposed to crypto, are now seeking ways to participate and capitalize on the market. This shift is only possible with governmental approval, signaling a promising future for crypto in the coming years.
Governments with extremely hostile attitudes towards crypto have the right to remain outside this financial wave. We cannot force their participation, nor is it strictly necessary for the success of crypto.
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for sure the government has studied the purpose of crypto and has seen how profitable it can be if used correctly but the thing with the government is they would need to give up full control over their citizens if they admit that crypto is indeed useful and beneficial
see how there are central banks that get involved with crypto that is their way to somehow profit from crypto without exactly giving up control
Crypto has matured to the point where progressive governments are beginning to recognize and accept them. These governments are adopting a more positive stance towards crypto, favoring regulation over outright bans and taxation over incarceration of investors.
Traditional banks, once staunchly opposed to crypto, are now seeking ways to participate and capitalize on the market. This shift is only possible with governmental approval, signaling a promising future for crypto in the coming years.
Governments with extremely hostile attitudes towards crypto have the right to remain outside this financial wave. We cannot force their participation, nor is it strictly necessary for the success of crypto.
Govs that think crypto is not beneficial for them in the slightest may think about it in the same flow further, however, it will be too late for them to catch up to those who created reserves, invested in it, etc.
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as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.
Yes, the government can collect taxes from local stock exchange transactions, this is very good for state revenue. But some people focus more on the global stock exchange and maybe the government has difficulty collecting taxes from it.
Maybe in the future there will be regulations about it, although I think the government will have difficulty entering the global stock exchange.
If the goal is for the good and its use is clear, maybe the public will support the policy of not using the global exchange and focusing more on the local exchange so that the government can benefit from every transaction that occurs., so far, maybe many do not support it, because there is no transparency in the government that if there is a regulation to seek income from the local exchange, of course it is very difficult to get support. It is clear that it will not be possible for the government to regulate the global exchange to be intervened and that has exceeded their authority.
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as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.
Yes, the government can collect taxes from local stock exchange transactions, this is very good for state revenue. But some people focus more on the global stock exchange and maybe the government has difficulty collecting taxes from it.
Maybe in the future there will be regulations about it, although I think the government will have difficulty entering the global stock exchange.
If the goal is for the good and its use is clear, maybe the public will support the policy of not using the global exchange and focusing more on the local exchange so that the government can benefit from every transaction that occurs., so far, maybe many do not support it, because there is no transparency in the government that if there is a regulation to seek income from the local exchange, of course it is very difficult to get support. It is clear that it will not be possible for the government to regulate the global exchange to be intervened and that has exceeded their authority.
In the future, there will be CDBC, so there won't be the need for something local, sorta, for the governments, at least that's how I see it ;D Of course, there may be a digital yuan and other fiat-based currencies on a national level, however, the Central Bank's should become one of the biggest of them.
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Governments can definitly try to regulate crypto, but it's a tricky beast to tame.
They can try to control exchlange wallets, and businesses, but crypto's decentralized nature makes it hard to rein in.Governments want to regulate to protect consumrs, prevent money laundering, and maintain financial stability. That makes sense.
But crypto enthhusiasts worry regulation will stiffle innovation, limit financial freedom, and give governments too much power.
It's a delicate balance. Governmants will keep trying to regulate, but crypto will adapt.
The thing is, crypto's not going away. It's a global phenomenon, and people are invested - literally. Governments need to find a way to work with crypto, not against it. Maybe that means creating clear guidelines and regulations that encourage innovation while protecting users.b
But what happens next is anyone's guess. Will governments succeed in taming crypto, or will it continue to thrive in the shadows? One thing's for sure - the world is watching, and the future of finance hangs in the balance.
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Crypto will move on because of decentralized, the government cannot intervene in the presence of Crypto. As far as I know, the first crypto, Bitcoin, continued, continued and no one stopped, now the government has bitcoin for their assets so that they can become a backup fund. The presence of the government included in the ranks of Hodler Bitcoin is proof that the government will not be able to "crack down" crypto.
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Crypto will move on because of decentralized, the government cannot intervene in the presence of Crypto. As far as I know, the first crypto, Bitcoin, continued, continued and no one stopped, now the government has bitcoin for their assets so that they can become a backup fund. The presence of the government included in the ranks of Hodler Bitcoin is proof that the government will not be able to "crack down" crypto.
BTC might be a special case because it has a fully decentralized POW network globally and no government can influence it, and BTC is also widely accepted in many countries. However, some projects are still centralized, like Ripple, and we've seen what the SEC did to Ripple: the SEC caused Ripple to have a failed 2021 uptrend.
Some countries have a negative view of crypto and they are still imposing many bans to hinder the development of this market, such as China. I don't think that the crypto market in China can develop even though blockchain is still a technological highlight there.
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Crypto will move on because of decentralized, the government cannot intervene in the presence of Crypto. As far as I know, the first crypto, Bitcoin, continued, continued and no one stopped, now the government has bitcoin for their assets so that they can become a backup fund. The presence of the government included in the ranks of Hodler Bitcoin is proof that the government will not be able to "crack down" crypto.
BTC might be a special case because it has a fully decentralized POW network globally and no government can influence it, and BTC is also widely accepted in many countries. However, some projects are still centralized, like Ripple, and we've seen what the SEC did to Ripple: the SEC caused Ripple to have a failed 2021 uptrend.
BTC must be a special coin for a country with various rules, while Ripple is an altcoin that can be dumped by its founder on the market and I just found out that Ripple is actually a centralized coin, do you know where the information about Ripple is a centralized coin comes from?
Some countries have a negative view of crypto and they are still imposing many bans to hinder the development of this market, such as China. I don't think that the crypto market in China can develop even though blockchain is still a technological highlight there.
That means a country with a large market cap and a large population is also not convincing to open a free space for crypto, right?
Whereas what I know is that China has a very advanced economy and technology, if it supports crypto then it will definitely be very successful.
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In the future, there will be CDBC, so there won't be the need for something local, sorta, for the governments, at least that's how I see it ;D Of course, there may be a digital yuan and other fiat-based currencies on a national level, however, the Central Bank's should become one of the biggest of them.
Which CBDC are you talking about? Apart from the one already launched? There is CBDC and they are one of the most failed financial institutions in the traditional finance, they just wanted to create something with zero impact on financial system, even the government and the central bank know this but their were interested in wasting tax payers money.
CBDC is nothing different than the stable coins that we have in the crypto space and I can tell you that usdt, usdc are even more recognizable than those things call CBDC. The one in my country is failure, so it's definitely not something that will be coming again in the future unless the want to waste another money and print more doallrs.
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Bro, governments can defo crack down on crypto!
They got loads of ways to do it, really. They could litrrallyMake new laws to control exchanges and wallets,Freeze or seize your crypto if they think you're up to no good which is particularly wild,Block access to crypto sites.
Remember when China banned crypto? Or when the US SEC started goin' after ICOs? That was wild, bruv!
But, thing is, crypto's decentralized, so it's hard to control. Governments are still tryin' to figure it out.
Some countries are chill with crypto, like Japan and Singapore. But others, like India, wanna ban it altogether.
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Crypto will move on because of decentralized, the government cannot intervene in the presence of Crypto. As far as I know, the first crypto, Bitcoin, continued, continued and no one stopped, now the government has bitcoin for their assets so that they can become a backup fund. The presence of the government included in the ranks of Hodler Bitcoin is proof that the government will not be able to "crack down" crypto.
BTC might be a special case because it has a fully decentralized POW network globally and no government can influence it, and BTC is also widely accepted in many countries. However, some projects are still centralized, like Ripple, and we've seen what the SEC did to Ripple: the SEC caused Ripple to have a failed 2021 uptrend.
Some countries have a negative view of crypto and they are still imposing many bans to hinder the development of this market, such as China. I don't think that the crypto market in China can develop even though blockchain is still a technological highlight there.
Yes we have heard that ripple had problems with the SEC, but it seems to have passed. but some say it will continue.
China has its own policies that we do not understand why China has banned bitcoin until today? The Chinese government prohibits mining, so many Chinese citizens mine in other countries.
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This is forutnately only limited to price of bitcoin. They can ban exchanges, ban trading, ban even holding, but they can't ban itself from doing anything, you can still use it illegally and they do not have any control. Remember, this isn't some company, this isn't some product, this is decentralized bitcoin meaning NOBODY has the power to stop it, not even the biggest countries in the world could get together and stop this. Meaning, they can only ban it, and make the price go down. But they are not even remotely interested in that, they are doing ETF and even working on CBDC right now, so like I said, they are happy.
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This is forutnately only limited to price of bitcoin. They can ban exchanges, ban trading, ban even holding, but they can't ban itself from doing anything, you can still use it illegally and they do not have any control. Remember, this isn't some company, this isn't some product, this is decentralized bitcoin meaning NOBODY has the power to stop it, not even the biggest countries in the world could get together and stop this. Meaning, they can only ban it, and make the price go down. But they are not even remotely interested in that, they are doing ETF and even working on CBDC right now, so like I said, they are happy.
Though, I believe they still hate the financial freedom that Bitcoin gives, but as it stands, it's very clear to them that there is nothing that can be done. So rather than just continuing to embarrass themselves, they just go about seizing assets that are in Bitcoin from those who might have taken the wrong part, and selling them back to the Bitcoin market, maybe to cause FUD or something. But most especially, to make some free profits for the allege countries they represent.
But the most important thing is that Bitcoin is already here to stay. The earlier everybody accepts, the better for us as well.
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Though, I believe they still hate the financial freedom that Bitcoin gives, but as it stands, it's very clear to them that there is nothing that can be done. So rather than just continuing to embarrass themselves, they just go about seizing assets that are in Bitcoin from those who might have taken the wrong part, and selling them back to the Bitcoin market, maybe to cause FUD or something. But most especially, to make some free profits for the allege countries they represent.
But the most important thing is that Bitcoin is already here to stay. The earlier everybody accepts, the better for us as well.
I believe no government actively dislikes BTC anymore. They're likely regretting missing out on the massive profits and potential economic benefits of early crypto adoption. Governments are now proceeding cautiously to avoid being left behind, learning from the successes and failures of others while being hesitant to fully embrace the risks associated with crypto.
We're at a pivotal moment where we could witness global governments accepting BTC at various levels: as a legal asset, as part of their reserves, and as a means of payment.
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Crypto will move on because of decentralized, the government cannot intervene in the presence of Crypto. As far as I know, the first crypto, Bitcoin, continued, continued and no one stopped, now the government has bitcoin for their assets so that they can become a backup fund. The presence of the government included in the ranks of Hodler Bitcoin is proof that the government will not be able to "crack down" crypto.
BTC might be a special case because it has a fully decentralized POW network globally and no government can influence it, and BTC is also widely accepted in many countries. However, some projects are still centralized, like Ripple, and we've seen what the SEC did to Ripple: the SEC caused Ripple to have a failed 2021 uptrend.
Some countries have a negative view of crypto and they are still imposing many bans to hinder the development of this market, such as China. I don't think that the crypto market in China can develop even though blockchain is still a technological highlight there.
Something that is natural because bitcoin is indeed not able to be controlled, so there are doubts from several countries because they are afraid of being misused for money laundering or the like that are related to what is prohibited by the government.
But, actually the government can make regulations that can find out the movement of each bitcoin transaction where every exchange with fiat must use a local exchange, which is clear, the government will be able to detect and can take fees from the results of the exchange.
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Something that is natural because bitcoin is indeed not able to be controlled, so there are doubts from several countries because they are afraid of being misused for money laundering or the like that are related to what is prohibited by the government.
But, actually the government can make regulations that can find out the movement of each bitcoin transaction where every exchange with fiat must use a local exchange, which is clear, the government will be able to detect and can take fees from the results of the exchange.
from the creator of bitcoin, bitcoin is indeed designed so that no one can control it, that is the decentralization system. Because with that system, bitcoin owners have the freedom to manage their finances and easily make transactions without being controlled by other parties.
Maybe this is what makes the government afraid that bitcoin will be misused and it seems that there is no solution to overcome this problem, maybe your suggestion is right for exchange to fiat can use a local exchange and the government can detect it, but the government can only do it on a local exchange.
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from the creator of bitcoin, bitcoin is indeed designed so that no one can control it, that is the decentralization system. Because with that system, bitcoin owners have the freedom to manage their finances and easily make transactions without being controlled by other parties.
Maybe this is what makes the government afraid that bitcoin will be misused and it seems that there is no solution to overcome this problem, maybe your suggestion is right for exchange to fiat can use a local exchange and the government can detect it, but the government can only do it on a local exchange.
Governments once opposed crypto, but they've now realized they can't stop this global wave of technology and finance. They'll have to find a way for crypto to coexist with traditional finance while also being able to comprehensively regulate this market.
Accusations of crypto being abused by criminals are just a way for governments to delay enacting a legal framework for crypto. Many governments have created and managed their own CEXs, but I don't believe in their success. Investors always tend to escape the controlling hands of governments.
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Governments once opposed crypto, but they've now realized they can't stop this global wave of technology and finance. They'll have to find a way for crypto to coexist with traditional finance while also being able to comprehensively regulate this market.
Accusations of crypto being abused by criminals are just a way for governments to delay enacting a legal framework for crypto. Many governments have created and managed their own CEXs, but I don't believe in their success. Investors always tend to escape the controlling hands of governments.
The government will never stop the wave of technology and progress provided by crypto, I agree with you. And this technological progress will be increasingly adopted by large companies in their countries. so crypto will become more popular and more dominant day by day.
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I don't think there is a cognate response on this because we are talking about cryptocurrency in general and this may have to comprise of all the digital assets in crypto, but when we are about to make it more clear that bitcoin is what we are considering, then it is more obvious that they cant afford to do anything in bringing it down since its a decentralized digital currency in cryptocurrency.
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... but when we are about to make it more clear that bitcoin is what we are considering, then it is more obvious that they cant afford to do anything in bringing it down since its a decentralized digital currency in cryptocurrency.
Government can't take bitcoin or crypto down but they can widely influence and affect its price once it got either regulated or restricted in any country. If most countries decided to ban it, price will collapse but it doesn't mean it will end up there, people will still use it thus price recovery is plausible but it will never be the same especially if the big countries banned it.
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... but when we are about to make it more clear that bitcoin is what we are considering, then it is more obvious that they cant afford to do anything in bringing it down since its a decentralized digital currency in cryptocurrency.
Government can't take bitcoin or crypto down but they can widely influence and affect its price once it got either regulated or restricted in any country. If most countries decided to ban it, price will collapse but it doesn't mean it will end up there, people will still use it thus price recovery is plausible but it will never be the same especially if the big countries banned it.
bans from big countries will affect bitcoin and crypto prices, but the market will recover after some time because investor enthusiasm for crypto is still high. We also see china banning crypto, but it doesn't affect bitcoin prices because I'm sure not all big countries ban crypto, because every government must have its own considerations.
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... but when we are about to make it more clear that bitcoin is what we are considering, then it is more obvious that they cant afford to do anything in bringing it down since its a decentralized digital currency in cryptocurrency.
Government can't take bitcoin or crypto down but they can widely influence and affect its price once it got either regulated or restricted in any country. If most countries decided to ban it, price will collapse but it doesn't mean it will end up there, people will still use it thus price recovery is plausible but it will never be the same especially if the big countries banned it.
bans from big countries will affect bitcoin and crypto prices, but the market will recover after some time because investor enthusiasm for crypto is still high. We also see china banning crypto, but it doesn't affect bitcoin prices because I'm sure not all big countries ban crypto, because every government must have its own considerations.
China will not be doing it this time. And I think all countries that doesn't an crypto as of now will not ban BTC again. After learning crypto is already regulated in US and even in China thru Hong Kong, most countries might start at ying to buy BTC and one unexpected country we learn recently was Bhutan.
If there ever is a crack down is probably the BTC that is acquired in a suspicious manner such as hacked or companies that turned scammers.
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China will not be doing it this time. And I think all countries that doesn't an crypto as of now will not ban BTC again. After learning crypto is already regulated in US and even in China thru Hong Kong, most countries might start at ying to buy BTC and one unexpected country we learn recently was Bhutan.
If there ever is a crack down is probably the BTC that is acquired in a suspicious manner such as hacked or companies that turned scammers.
I also see it that way, many big countries have started accepting bitcoin and what we read from the news is that the government is taking tough action against those who do illegal activities, I think it's natural for the government to take legal action. China has probably done research and created a crypto project, because China is one of the countries with the largest economy, it seems impossible for China not to know the benefits of crypto currency for progress. because crypto technology is very much needed.
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This is forutnately only limited to price of bitcoin. They can ban exchanges, ban trading, ban even holding, but they can't ban itself from doing anything, you can still use it illegally and they do not have any control. Remember, this isn't some company, this isn't some product, this is decentralized bitcoin meaning NOBODY has the power to stop it, not even the biggest countries in the world could get together and stop this. Meaning, they can only ban it, and make the price go down. But they are not even remotely interested in that, they are doing ETF and even working on CBDC right now, so like I said, they are happy.
Bitcoin is a decentralized currency that is being used worldwide for different purposes. irrespective of the fact that bitcoin operates without a central authority, the government can crack down on crypto by either banning the usage of bitcoin in their country or appreciating the use of bitcoin in their country thereby encouraging their citizens to use bitcoin more,
Anything that is decentralized can not be controlled just like energy you can either create or destroy so in the case of Bitcoin it has been made and it can not be destroyed, and the government is control freaks they want everything to be under their control, and the initiation of centralization is what a lot of bitcoiners are frowning at even if they want to crack down on bitcoin it will take more than polices and arrest to bring bitcoin down, and since their countries that have accepted might attract more people to their own country. so what ever intention the government might have it will all be waste.
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China will not be doing it this time. And I think all countries that doesn't an crypto as of now will not ban BTC again. After learning crypto is already regulated in US and even in China thru Hong Kong, most countries might start at ying to buy BTC and one unexpected country we learn recently was Bhutan.
If there ever is a crack down is probably the BTC that is acquired in a suspicious manner such as hacked or companies that turned scammers.
I also see it that way, many big countries have started accepting bitcoin and what we read from the news is that the government is taking tough action against those who do illegal activities, I think it's natural for the government to take legal action. China has probably done research and created a crypto project, because China is one of the countries with the largest economy, it seems impossible for China not to know the benefits of crypto currency for progress. because crypto technology is very much needed.
In my opinion, The use of digital currency such as Bitcoin by many of the global giant nations is good for the future of digital financial technology. Internal and external actions taken by governments against unlawful conduct occurring in the crypto sphere are, in fact, beneficial to the crypto space and the users to prevent being within the range of financial crimes, therefore necessary to support. China has put a lot of effort into studying blockchain and digital assets, although its economy is one of the biggest in the world. However, the Chinese even are not sparing time and have commenced their central bank digital currency project, the Digital Yuan, which shows that China is serious in using the potential of the crypto to enhance its financial system that in turn helps in international transactions and provide stability to its economy. While implementing crypto technology in a specific sphere seems to be a powerful threat for many conventional businesses, the technology as a whole opens considerable opportunities for increasing transactions’ transparency and, thus, diminishing the costs necessary for operations in the digital world.
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I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.
Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?
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I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.
Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?
It's hard to find balance when government only wants control over the economy. But this is an ongoing process which they might not supress the innovation but only regulates. However this may just be possible if all government of countries conspire to regulate and exchanges work side by side.
Which also means exchanges must be government compliant and this is basically making crypto centralised.
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Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?
Yes, you are right about that, and it would be ideal, but basically things are not like that , crimes continue to occur whether with Crypto or not, in fact the Biggest Crimes always Occur when they are Done or Given for fiat money , that's all, for all this they are based on the things that Crypto money lends itself to crimes, it lends itself for whatever, the person will see what use they give them , well , governments paint things that way so that people are Manipulated and the truth or they mostly succeed.
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Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?
Just to add, they can't crack down something that they themselves didn't create at first place.
You took China as an example and yes, they banned crypto in their country but still, there are many miners there and there have been many Chinese investors out there that are still investing into cryptocurrency. Based on a quick google search, you will see that there are almost 38 million Chinese people that are engaged or holding cryptocurrencies. They can impose bans, but they can't prevent their people to use cryptocurrency.
There might be governments that are against cryptocurrencies, but their people will always, always find a way to have an access into it without giving their private information or at least without the government knowing it.
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Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?
Yes, you are right about that, and it would be ideal, but basically things are not like that , crimes continue to occur whether with Crypto or not, in fact the Biggest Crimes always Occur when they are Done or Given for fiat money , that's all, for all this they are based on the things that Crypto money lends itself to crimes, it lends itself for whatever, the person will see what use they give them , well , governments paint things that way so that people are Manipulated and the truth or they mostly succeed.
crime can happen anywhere, not only in crypto, it all depends on the intention of each. because we also see a lot of crime in other places.
I invest in crypto to make a profit by trading and holding.
And crypto is the advancement of decentralized system technology, this can be used by bad people to do illegal activities and money laundering.
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Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?
Yes, you are right about that, and it would be ideal, but basically things are not like that , crimes continue to occur whether with Crypto or not, in fact the Biggest Crimes always Occur when they are Done or Given for fiat money , that's all, for all this they are based on the things that Crypto money lends itself to crimes, it lends itself for whatever, the person will see what use they give them , well , governments paint things that way so that people are Manipulated and the truth or they mostly succeed.
crime can happen anywhere, not only in crypto, it all depends on the intention of each. because we also see a lot of crime in other places.
I invest in crypto to make a profit by trading and holding.
And crypto is the advancement of decentralized system technology, this can be used by bad people to do illegal activities and money laundering.
What we have to learn is that while there are so many advantages offered by the crypto technology, there is still crime and we have to look out for it. Some cryptocurrency is used in criminal activities like money laundering although the figure is insignificant compared to all the cryptocurrency transactions. So, we do not need to be blinded by enthusiastic rises into this world and provide the necessary security measures when investing in the crypto world.
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Something that is natural because bitcoin is indeed not able to be controlled, so there are doubts from several countries because they are afraid of being misused for money laundering or the like that are related to what is prohibited by the government.
But, actually the government can make regulations that can find out the movement of each bitcoin transaction where every exchange with fiat must use a local exchange, which is clear, the government will be able to detect and can take fees from the results of the exchange.
from the creator of bitcoin, bitcoin is indeed designed so that no one can control it, that is the decentralization system. Because with that system, bitcoin owners have the freedom to manage their finances and easily make transactions without being controlled by other parties.
Maybe this is what makes the government afraid that bitcoin will be misused and it seems that there is no solution to overcome this problem, maybe your suggestion is right for exchange to fiat can use a local exchange and the government can detect it, but the government can only do it on a local exchange.
It is natural that many governments are still afraid of bitcoin being misused because of their inability to control it. Then the solution that can be made is to make a rule that every exchange must always use a local exchange when it will make fiat, because there is no other solution that can be done other than the method above. Although it is certain that many have a way to avoid this, but at least there is a role to try to protect it from unwanted things happening.
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Friend, you explained that too much leverage could blow up off account, unfortunately you want to attempt 10x leverage. As a matter of facts, taking 10x leverage is highly risky and not a good idea for an average growing trader. My best take on leverage is 3x, and any leverage above this renge is like taking a massive loss venture.
it is unadvisable to take 10x leverage wether you are trading on future or margin trading options especially as a beginner. To try something new, it shouldn't be on the crypto market, may be you should take a demo trading experiments on commodity or even FX market. Jus my opinion and not a financial advise.
Well, at these heights I couldn't do things like this, leveraging myself to 10x is too much of a risk for me since I trade with little money, that would be suicide, I would have to do everything very well to be able to raise the account, but it is something that I don't see as feasible, personally I would say that in order to do things well I would continue doing them as I am, but leveraging myself to 10x would mean burning the account, so I don't see it necessary, I prefer to continue as I am, in terms of leverage to be able to do it I have to have a lot of confidence that the movement will undoubtedly go down.
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They can stop all the exchanges and all that means is that we can trade p2p and that's how the government moves. If they cannot stop a certain crypto like monero, they will target the exchanges and scare them that they'll be out of operations and their licenses will be voided if they won't delist projects that they don't like like the privacy coins. In my country, there are private groups that are wanting international and known exchanges to stop their operations here as they don't have license to operate, so there's a way for them to stop thriving crypto economy in certain places although globally, they will have hard time in stopping it wholly.
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This is a bit controversial - but yes, a concentrated attack by governments can definitely shut down crypto. Imagine crypto made illegal around the world with a 10 year prison time attached. Would you risk it? 99.9% of people won't and a 100% of businesses won't either. The remaining users will not be enough to keep the price up!
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It is natural that many governments are still afraid of bitcoin being misused because of their inability to control it. Then the solution that can be made is to make a rule that every exchange must always use a local exchange when it will make fiat, because there is no other solution that can be done other than the method above. Although it is certain that many have a way to avoid this, but at least there is a role to try to protect it from unwanted things happening.
Good advice if crypto investors should use local exchanges when exchanging to FIAT because the government can only control local exchanges to get information from their KYC. It seems that the government has started to implement this in collaboration with local exchanges. But for those who only use global exchanges in their transactions, it seems that the government has difficulty tracking them.
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They can stop all the exchanges and all that means is that we can trade p2p and that's how the government moves. If they cannot stop a certain crypto like monero, they will target the exchanges and scare them that they'll be out of operations and their licenses will be voided if they won't delist projects that they don't like like the privacy coins. In my country, there are private groups that are wanting international and known exchanges to stop their operations here as they don't have license to operate, so there's a way for them to stop thriving crypto economy in certain places although globally, they will have hard time in stopping it wholly.
In Nigeria, the government could accuse CEXs of causing the local currency to devalue, ban foreign CEXs from operating, arrest CEX CEOs, and demand user transaction data... Governments have a ton of power and tools to execute their plans if they're anti-crypto.
Things might only calm down if the government can directly profit from the crypto market, like through taxes and transaction fees. Perhaps they could even start their own CEXs to control the domestic crypto market.
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It is natural that many governments are still afraid of bitcoin being misused because of their inability to control it. Then the solution that can be made is to make a rule that every exchange must always use a local exchange when it will make fiat, because there is no other solution that can be done other than the method above. Although it is certain that many have a way to avoid this, but at least there is a role to try to protect it from unwanted things happening.
Good advice if crypto investors should use local exchanges when exchanging to FIAT because the government can only control local exchanges to get information from their KYC. It seems that the government has started to implement this in collaboration with local exchanges. But for those who only use global exchanges in their transactions, it seems that the government has difficulty tracking them.
Which I think users should just consider global exchanges rather than sending their KYC data to their government. There is still a chance that government can ban Crypto and then confiscate the coins owned by their people.
And it's going to easy to find these crypto users if they have data from local exchanges. But it might as well be the same result with international exchanges especially because most of them are complient to the government of the country they continue to operate.
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Something that is natural because bitcoin is indeed not able to be controlled, so there are doubts from several countries because they are afraid of being misused for money laundering or the like that are related to what is prohibited by the government.
But, actually the government can make regulations that can find out the movement of each bitcoin transaction where every exchange with fiat must use a local exchange, which is clear, the government will be able to detect and can take fees from the results of the exchange.
from the creator of bitcoin, bitcoin is indeed designed so that no one can control it, that is the decentralization system. Because with that system, bitcoin owners have the freedom to manage their finances and easily make transactions without being controlled by other parties.
Maybe this is what makes the government afraid that bitcoin will be misused and it seems that there is no solution to overcome this problem, maybe your suggestion is right for exchange to fiat can use a local exchange and the government can detect it, but the government can only do it on a local exchange.
It is natural that many governments are still afraid of bitcoin being misused because of their inability to control it. Then the solution that can be made is to make a rule that every exchange must always use a local exchange when it will make fiat, because there is no other solution that can be done other than the method above. Although it is certain that many have a way to avoid this, but at least there is a role to try to protect it from unwanted things happening.
Bitcoin is still banned in many countries. Bitcoin market has started to grow day by day and become very popular. I think almost all the people of the country have heard the name of Bitcoin but slowly over time they will also start using Bitcoin. Even though Bitcoin is banned, many The people of the country do transactions through Bitcoin secretly. If I talk about my country, Cryptocurrency is still banned in my country.
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Bitcoin is still banned in many countries. Bitcoin market has started to grow day by day and become very popular. I think almost all the people of the country have heard the name of Bitcoin but slowly over time they will also start using Bitcoin. Even though Bitcoin is banned, many The people of the country do transactions through Bitcoin secretly. If I talk about my country, Cryptocurrency is still banned in my country.
I am grateful that the government has allowed bitcoin as an investment in my country, although it is not yet allowed as a payment method, perhaps because the advantages and disadvantages are still being studied. but I have faith that the government will allow bitcoin as a payment method in the future, because over time bitcoin is increasingly popular and owned by many people.
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In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.
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In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.
Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it
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In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.
Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it
The government in each country has its own policies and regulations, so you are lucky if the government in your country has allowed bitcoin because there are still many governments that prohibit it. Until its citizens invest secretly because they believe in crypto will provide benefits for investment.
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In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.
Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it
Yes, unfortunately, cryptocurrencies are banned in many places, and are also subject to large strange taxes, and cryptos in such countries go through many legal procedures, fully showing their activities. This is humiliating because we are in cryptocurrencies for freedom, and not to show and report all this to someone.
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There might be governments that are against cryptocurrencies, but their people will always, always find a way to have an access into it without giving their private information or at least without the government knowing it.
You are absolutely right about that. I don't know what people are like in China where everything is controlled. The truth is that I don't understand this because I don't have friends from China, but I imagine that there they must find a way to avoid government control. In my country, if the government prohibits something, people don't give it any importance, and it is something that they have a total irreverence for. I think that is fine because in this world things should be about taste and we should choose what we like without anyone telling us not to, much less governments.
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The government in each country has its own policies and regulations, so you are lucky if the government in your country has allowed bitcoin because there are still many governments that prohibit it. Until its citizens invest secretly because they believe in crypto will provide benefits for investment.
We should be grateful to countries that allowed us the freedom to engage in crypto as it allows us to explore this new paradigm actively. That is why it is possible to conclude that ‘long only’ desire of people to go on investing demonstrates confidence in the future of crypto.
This freedom can be utilised to understand the various risks involved and how we can increase the safety of our investment. Getting acquainted with the local laws we can act more or less reasonably and contribute to proving to everyone that cryptocurrencies can be useful for the economy and society.
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In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.
Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it
Yes, unfortunately, cryptocurrencies are banned in many places, and are also subject to large strange taxes, and cryptos in such countries go through many legal procedures, fully showing their activities. This is humiliating because we are in cryptocurrencies for freedom, and not to show and report all this to someone.
It will indeed be difficult to provide freedom, because every country always has rules that are attached and must not be violated, because they will face applicable laws. Of course, many people do not like things like this-because the principle of crypto-freedom itself is no longer visible, because there are these restrictions.
Indeed, there are still many countries that enforce this, and it is difficult to deny that there will be a guarantee that freedom can be realized, and it still takes more time.
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Tax, regulations and freezing funds will be common when all policies are leading to this kind of rules. We are all seeing this in the future as it already happened in the past. All these can be considered a crackdown but it's just programmed to us as if it's due to regulation and necessary.
But if this is China or North Korea doing all these regulations, it's going to be represented by the media as crackdown.
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Tax, regulations and freezing funds will be common when all policies are leading to this kind of rules. We are all seeing this in the future as it already happened in the past. All these can be considered a crackdown but it's just programmed to us as if it's due to regulation and necessary.
But if this is China or North Korea doing all these regulations, it's going to be represented by the media as crackdown.
I have a slightly different take: if governments are researching and making efforts to regulate crypto, that's not suppression. In contrast, China outright banned crypto transactions, killing liquidity and stunting market growth within its borders.
I'm not surprised by China's actions. They have a history of similar tactics to eliminate political opponents or other nations. But I hope China fails in its attempt to suppress crypto. As crypto gains global acceptance, China will eventually have to come around. For instance, Russia has embraced BTC mining and crypto for imports and exports, so China won't be able to avoid crypto if it wants to continue trading with Russia.
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Tax, regulations and freezing funds will be common when all policies are leading to this kind of rules. We are all seeing this in the future as it already happened in the past. All these can be considered a crackdown but it's just programmed to us as if it's due to regulation and necessary.
But if this is China or North Korea doing all these regulations, it's going to be represented by the media as crackdown.
I have a slightly different take: if governments are researching and making efforts to regulate crypto, that's not suppression. In contrast, China outright banned crypto transactions, killing liquidity and stunting market growth within its borders.
I'm not surprised by China's actions. They have a history of similar tactics to eliminate political opponents or other nations. But I hope China fails in its attempt to suppress crypto. As crypto gains global acceptance, China will eventually have to come around. For instance, Russia has embraced BTC mining and crypto for imports and exports, so China won't be able to avoid crypto if it wants to continue trading with Russia.
I think the definition of a way of looking at things will be different if those who see and do things are not in line with what has been going on generally, so if they deviate from that, it is considered violence, but for those who implement it, they themselves feel that it is something that is normal and must be done.
You are right, a big country like them will certainly be able to determine the policies that are implemented and want everyone to follow what they choose, so it is only natural that the US superpower can also implement them.
I think no one will be able to suppress crypto because, no matter what, everyone must be able to accept the developments that have occurred, because methods will always change with the latest situation and inevitably have to follow.
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In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.
Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it
The government in each country has its own policies and regulations, so you are lucky if the government in your country has allowed bitcoin because there are still many governments that prohibit it. Until its citizens invest secretly because they believe in crypto will provide benefits for investment.
Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,
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Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,
Some countries have a total ban on owning and operationalizing crypto including Algeria, Bolivia, Nepal among others hence we should be very careful when using such products in areas of complete ban. Under such conditions, it becomes possible to have restrictions with regard to buyer and seller access and, at the same time, free transactions. With these restrictions, crypto users have huge problems with accessing their funds, particularly if we want to transact safely without breaching relevant legislation.
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In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.
Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it
The government in each country has its own policies and regulations, so you are lucky if the government in your country has allowed bitcoin because there are still many governments that prohibit it. Until its citizens invest secretly because they believe in crypto will provide benefits for investment.
Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,
If there is such a ban, I think its citizens can still have bitcoin secretly and when they want to change to FIA T, it may not be in the form of cypto but USD. Every government has its own policies, but they should understand that no one can prohibit technological progress, and crypto is part of technological progress itself.
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Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,
If there is such a ban, I think its citizens can still have bitcoin secretly and when they want to change to FIA T, it may not be in the form of cypto but USD. Every government has its own policies, but they should understand that no one can prohibit technological progress, and crypto is part of technological progress itself.
USD can be said to be a digital asset that should not be banned, so it can be used as an alibi to have crypto.
It is also true that technological progress cannot be avoided, whether we like it or not, the government must accept this technological progress
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Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,
If there is such a ban, I think its citizens can still have bitcoin secretly and when they want to change to FIA T, it may not be in the form of cypto but USD. Every government has its own policies, but they should understand that no one can prohibit technological progress, and crypto is part of technological progress itself.
USD can be said to be a digital asset that should not be banned, so it can be used as an alibi to have crypto.
It is also true that technological progress cannot be avoided, whether we like it or not, the government must accept this technological progress
There are many ways to do things that are prohibited so that they seem permissible because the opportunity is there and available, so that at any time everyone is able to do it and can avoid the ban, not just changing to USD.
Agree and true, technological progress should not be prohibited but must be accommodated with regulations that are adjusted to the situation of each country, so that problems do not arise that are detrimental to all parties.
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In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.
Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it
The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative. That is only prohibited. But I don't think any such move could hinder the use of crypto. But if the government approves it and makes arrangements like imposing trucks from here then they can benefit. This is a matter of timing though. But when some countries around us work with support for this crypto, I think that will be imitated in my country.
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The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative. That is only prohibited. But I don't think any such move could hinder the use of crypto. But if the government approves it and makes arrangements like imposing trucks from here then they can benefit. This is a matter of timing though. But when some countries around us work with support for this crypto, I think that will be imitated in my country.
which country are you in? mate. governments in other countries have started to accept crypto as an investment. even el savador and switzerland have allowed bitcoin as a means of payment.
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.
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The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative.~
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Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.
If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.
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The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative. That is only prohibited. But I don't think any such move could hinder the use of crypto. But if the government approves it and makes arrangements like imposing trucks from here then they can benefit. This is a matter of timing though. But when some countries around us work with support for this crypto, I think that will be imitated in my country.
which country are you in? mate. governments in other countries have started to accept crypto as an investment. even el savador and switzerland have allowed bitcoin as a means of payment.
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.
As much as not all governments have fully opened up, we are confident that with time the doors will be open for more to embrace the use of crypto. This places the technology with new and better solutions and in as regulations get put forward, more countries will consider it a business opportunity in the long run. Because fundamentally investment is a reflection of one’s own state. In average, the government does not allow making the transactions using Bitcoin not as the place of investment, the investment risk is taken on your own.
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If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.
In my country, forex trading is neither licensed nor clearly regulated because the government doesn't want citizens to access this new form of investment. The government prefers that money flows into bonds and the stock market to stimulate economic growth, rather than just trading to profit from currency appreciation.
The same is happening with crypto: the government isn't ready to regulate it but also has no intention of banning or suppressing it. The downside is that victims of crypto-related scams won't be protected, but traders can enjoy 100% of their profits without having to pay high taxes.
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If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.
In my country, forex trading is neither licensed nor clearly regulated because the government doesn't want citizens to access this new form of investment. The government prefers that money flows into bonds and the stock market to stimulate economic growth, rather than just trading to profit from currency appreciation.
The same is happening with crypto: the government isn't ready to regulate it but also has no intention of banning or suppressing it. The downside is that victims of crypto-related scams won't be protected, but traders can enjoy 100% of their profits without having to pay high taxes.
The government in each country has its own policy in granting permits to its citizens. You are right that the government prefers its citizens to invest in stocks and bonds rather than forex and crypto. because they may think that crypto is something that can be misused. but they forget that crypto is a technological advancement that they cannot refuse because of the many advantages that crypto offers.
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- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
Of course cryptocurrencies can grow without government support. We can see from the beginning of Bitcoin until now Bitcoin has reached an all-time high of $93,000. Many may say that this is because of Donald Trump's victory in the election, but in fact, it is Bitcoin's own power. But we saw before Donald Trump's election win bitcoin but on its own power at its own pace it hit an all time high of $73k there but without any government support then I can say bitcoin can grow without government support.
I think governments can't suppress bitcoin because bitcoin is not centralized bitcoin is fully decentralized governments can't destroy bitcoin even if they want to but yes governments can only suppress centralized tokens also they can't suppress bitcoin because Bitcoin is their control outside.
In fact when a person becomes the head of the government of a country he should not just sit with one site, he should think of the whole country, he should think of the people of the whole country and he should think of every sector. If I am the head of the government here, I will have a responsibility to run the country.From that responsibility, I will never think about a site. I must think about different sites for the sake of the people. I will think that since my country is an underdeveloped country most of the people in this country are not very educated if I legalize bitcoin from this country most of the people will want to invest without understanding so they will suffer a lot from the volatility of the bitcoin market so I will first introduce bitcoin to the people of my country Will educate about when I see they know about bitcoin can keep their investment safe but I will then consider legalizing bitcoin in this country.
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The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative. That is only prohibited. But I don't think any such move could hinder the use of crypto. But if the government approves it and makes arrangements like imposing trucks from here then they can benefit. This is a matter of timing though. But when some countries around us work with support for this crypto, I think that will be imitated in my country.
which country are you in? mate. governments in other countries have started to accept crypto as an investment. even el savador and switzerland have allowed bitcoin as a means of payment.
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.
As much as not all governments have fully opened up, we are confident that with time the doors will be open for more to embrace the use of crypto. This places the technology with new and better solutions and in as regulations get put forward, more countries will consider it a business opportunity in the long run. Because fundamentally investment is a reflection of one’s own state. In average, the government does not allow making the transactions using Bitcoin not as the place of investment, the investment risk is taken on your own.
I guess with current crypto market trend we clearly see news broadcasters relating it to the victory of Donald Trump in the Presidential election in the US.
Seeing he is a supporter of the Crypto industry, he had to mandate some promises in developing the Crypto sector in his country having comprehending the benefits attached.
It is clear that BTC is a DEFI and is surely to survive without any government support since it has no singular person of group of persons standing as a reason for it's living but rather it is ruled by everyone that owns it. But a support from the government will boost it's development.
The US President-elect Donald Trump having been able to understand the fact that cryptocurrency is not to be kicked against, rather been supported is a stepping stone for other government of the world to emulate.
And I believe with time, the government of different countries in the world that are kicking against crypto will come to the understanding of its worth in the economy of any government and will now start supporting it, maybe with time.
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I guess with current crypto market trend we clearly see news broadcasters relating it to the victory of Donald Trump in the Presidential election in the US.
Seeing he is a supporter of the Crypto industry, he had to mandate some promises in developing the Crypto sector in his country having comprehending the benefits attached.
It is clear that BTC is a DEFI and is surely to survive without any government support since it has no singular person of group of persons standing as a reason for it's living but rather it is ruled by everyone that owns it. But a support from the government will boost it's development.
The US President-elect Donald Trump having been able to understand the fact that cryptocurrency is not to be kicked against, rather been supported is a stepping stone for other government of the world to emulate.
And I believe with time, the government of different countries in the world that are kicking against crypto will come to the understanding of its worth in the economy of any government and will now start supporting it, maybe with time.
Donald Trump could really change the behavior of many governments around the world. He is pro-crypto and plans to adopt crypto widely in the US, which could cause other countries to FOMO that they can also run to accumulate BTC for their national budgets or else be left behind and BTC is extremely successful.
I hope that this will come true and we will see a huge wave globally in adopting and actively accumulating BTC. I cannot predict the impact: it could push BTC price to 1M USD or it will become a scam for many investors to FOMO and create a violent correction in 2026-2027.
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The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative.~
~
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.
If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.
Wow .... amazing, forex, which is clearly fiat trading, is not recognized and considered illegal, even though this is a product that has been around for a long time and is very much needed. What about the latest problem, namely crypto. I totally agree with you, it is certain that it will not be accepted either, because the method is almost the same. It will indeed be difficult to be able to make changes because this is a decision from the government.
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The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative.~
~
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.
If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.
Wow .... amazing, forex, which is clearly fiat trading, is not recognized and considered illegal, even though this is a product that has been around for a long time and is very much needed. What about the latest problem, namely crypto. I totally agree with you, it is certain that it will not be accepted either, because the method is almost the same. It will indeed be difficult to be able to make changes because this is a decision from the government.
Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto
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Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto
Trump's victory can be seen as the event that opens a new era for crypto in the US when big governments will actively support the development of crypto and make it impossible for many other governments to continue to sit idly by like in recent years. The FOMO on a global scale when governments actively accumulate BTC together will make BTC reach a higher price than many KOLs predicted. Currently BTC is around 100K USD, we are seeing something very big about to happen in this market, when governments start supporting crypto instead of suppressing and banning.
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Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto
Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.
Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.
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Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto
Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.
Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.
Each country has the authority over what will be done in their country and the rules that are made clearly have been well-thought-out with the aim of the country and society not being harmed later. You are right, China has banned crypto mining and any transactions in crypto and anyone who violates it will definitely be punished according to the rules made.
In my opinion, there will not be many countries that ban bitcoin because there are more benefits to the country and its people than the harm it causes.
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Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto
Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.
Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.
Each country has the authority over what will be done in their country and the rules that are made clearly have been well-thought-out with the aim of the country and society not being harmed later. You are right, China has banned crypto mining and any transactions in crypto and anyone who violates it will definitely be punished according to the rules made.
In my opinion, there will not be many countries that ban bitcoin because there are more benefits to the country and its people than the harm it causes.
China has its own policies and considerations why it prohibits bitcoin mining in its country. And that is something we always discuss in the forum. But I see that currently many countries allow this. Because after all bitcoin is a technological advancement that should be supported by the government. Trump's election as US president will have a good impact on bitcoin in the next 5 years if Trump keeps his campaign promises.
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China has its own policies and considerations why it prohibits bitcoin mining in its country. And that is something we always discuss in the forum. But I see that currently many countries allow this. Because after all bitcoin is a technological advancement that should be supported by the government. Trump's election as US president will have a good impact on bitcoin in the next 5 years if Trump keeps his campaign promises.
Trump puts his money on BTC whereas China would still choose a CBDC of sorts, no wonder - but I do believe it would be truly interesting to see what would come out of this in the future.
Trump said many things, and many things should be done in order to his promises turn into actions.
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Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto
Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.
Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.
Each country has the authority over what will be done in their country and the rules that are made clearly have been well-thought-out with the aim of the country and society not being harmed later. You are right, China has banned crypto mining and any transactions in crypto and anyone who violates it will definitely be punished according to the rules made.
In my opinion, there will not be many countries that ban bitcoin because there are more benefits to the country and its people than the harm it causes.
Big countries would do it simply because they wouldn't benefit from BTC that much (in their minds) and they would love to regulate it and all that is tied up to BTC.
Smaller ones see the potential in it so they allow things with BTC, also because they see BTC as the means for some problems of theirs to be resolved or helped with.
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Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto
Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.
Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.
I can imagine it, but it would never be the case in my opinion, at least simply because the US is pro-Bitcoin and many other smaller countries are pro-Bitcoin. So there would always be a place to be part of it, but if such a scenario occurs (which is highly unlikely), there would surely be workarounds in place.
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Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto
Trump's victory can be seen as the event that opens a new era for crypto in the US when big governments will actively support the development of crypto and make it impossible for many other governments to continue to sit idly by like in recent years. The FOMO on a global scale when governments actively accumulate BTC together will make BTC reach a higher price than many KOLs predicted. Currently BTC is around 100K USD, we are seeing something very big about to happen in this market, when governments start supporting crypto instead of suppressing and banning.
We can see it that way, albeit, Trump is first and foremost - a politician, not a crypto enthusiast (no matter how we may want to see him that way).
So whether there would be a FOMO on a national scale in other countries - nah, I don't think so.
But in the US itself? - maybe.
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We can see it that way, albeit, Trump is first and foremost - a politician, not a crypto enthusiast (no matter how we may want to see him that way).
So whether there would be a FOMO on a national scale in other countries - nah, I don't think so.
But in the US itself? - maybe.
Trump is a crypto-loving politician :)
Trump has many NFTs, Trump has used BTC for payment, and Trump has many big plans to ensure the development of crypto in the US market. I think Trump deserves our expectations, especially when Gensler will soon resign and bring peace to crypto.
In addition, when the US officially holds BTC, I don't think other countries will continue to stay silent and let the US accumulate all the BTC in the market. They will have to participate and that is a big driving force for BTC and crypto to grow.
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We can see it that way, albeit, Trump is first and foremost - a politician, not a crypto enthusiast (no matter how we may want to see him that way).
So whether there would be a FOMO on a national scale in other countries - nah, I don't think so.
But in the US itself? - maybe.
Trump is a crypto-loving politician :)
Trump has many NFTs, Trump has used BTC for payment, and Trump has many big plans to ensure the development of crypto in the US market. I think Trump deserves our expectations, especially when Gensler will soon resign and bring peace to crypto.
In addition, when the US officially holds BTC, I don't think other countries will continue to stay silent and let the US accumulate all the BTC in the market. They will have to participate and that is a big driving force for BTC and crypto to grow.
This is what it is crossing my mind, when the US is trying to collect BTC it is impossible for other countries to just stay quiet and see what the US is doing, I'm sure they will also do the same thing. The US is one of the largest countries in the world and what it does will affect other countries. That's a fact that happened so far.
Trump in Kamapanye is a lot of things to support Bitcoin and finally we with Gary will resign from SEC in January next year, this will make the crypto market more interesting starting next year.
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This is what it is crossing my mind, when the US is trying to collect BTC it is impossible for other countries to just stay quiet and see what the US is doing, I'm sure they will also do the same thing. The US is one of the largest countries in the world and what it does will affect other countries. That's a fact that happened so far.
Trump in Kamapanye is a lot of things to support Bitcoin and finally we with Gary will resign from SEC in January next year, this will make the crypto market more interesting starting next year.
The US is the world's largest economy, and the USD is the most widely used currency globally. Other countries wanting to do business with the US will need to proactively implement strategies to avoid being left behind and disadvantaged in the future. I imagine a scenario where the US uses BTC as a tool to increase its global financial position when 1 BTC equals 1M USD or 100M USD. Countries that previously banned BTC like China would have to race to buy BTC at any cost :)
I'm also looking forward to the event on January 20th but am a bit worried that it might be an event for crypto investors to take profits and the prices of many tokens will drop sharply. Things will be worse if we have to face some more negative news from other governments, for example, China might sell off the amount of BTC they currently hold, estimated to be around 190K BTC.
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This is what it is crossing my mind, when the US is trying to collect BTC it is impossible for other countries to just stay quiet and see what the US is doing, I'm sure they will also do the same thing. The US is one of the largest countries in the world and what it does will affect other countries. That's a fact that happened so far.
Trump in Kamapanye is a lot of things to support Bitcoin and finally we with Gary will resign from SEC in January next year, this will make the crypto market more interesting starting next year.
The US is the world's largest economy, and the USD is the most widely used currency globally. Other countries wanting to do business with the US will need to proactively implement strategies to avoid being left behind and disadvantaged in the future. I imagine a scenario where the US uses BTC as a tool to increase its global financial position when 1 BTC equals 1M USD or 100M USD. Countries that previously banned BTC like China would have to race to buy BTC at any cost :)
I'm also looking forward to the event on January 20th but am a bit worried that it might be an event for crypto investors to take profits and the prices of many tokens will drop sharply. Things will be worse if we have to face some more negative news from other governments, for example, China might sell off the amount of BTC they currently hold, estimated to be around 190K BTC.
Let's see in January next year after Trump's inauguration whether the price of bitcoin will soar or we will hear negative news about bitcoin that will make the price of bitcoin plummet. But I see many people who believe that the price of bitcoin will rise at the time of Trump's inauguration as US president.
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Let's see in January next year after Trump's inauguration whether the price of bitcoin will soar or we will hear negative news about bitcoin that will make the price of bitcoin plummet. But I see many people who believe that the price of bitcoin will rise at the time of Trump's inauguration as US president.
Trump is a crypto fan so people believe that Trump's inauguration will be the beginning of a new era for crypto in the US. However, anything can happen and whales can take profits on January 20 and we will have the famous sell the news event.
That being said, I rarely act on news, I will still wait for the price to slow down after BTC hits 100K USD. I will take profits in parts to protect profits and may continue to hold BTC to 150K, 200K and 250K.
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Let's see in January next year after Trump's inauguration whether the price of bitcoin will soar or we will hear negative news about bitcoin that will make the price of bitcoin plummet. But I see many people who believe that the price of bitcoin will rise at the time of Trump's inauguration as US president.
Trump is a crypto fan so people believe that Trump's inauguration will be the beginning of a new era for crypto in the US. However, anything can happen and whales can take profits on January 20 and we will have the famous sell the news event.
That being said, I rarely act on news, I will still wait for the price to slow down after BTC hits 100K USD. I will take profits in parts to protect profits and may continue to hold BTC to 150K, 200K and 250K.
It must be admitted that Trump's victory in the election was very noticeable and had an impact on the increase in bitcoin, which was almost close to $ 100K. I agree that Trump is indeed known to like and approve of the existence of bitcoin, and it is not impossible, as you said, made that whales will always continue to take profits that can be done.
But I think you have done the right thing with what you had anticipated to be able to keep from missing out, because right now bitcoin is starting to correct again, but there is always room to increase next year.
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It must be admitted that Trump's victory in the election was very noticeable and had an impact on the increase in bitcoin, which was almost close to $ 100K. I agree that Trump is indeed known to like and approve of the existence of bitcoin, and it is not impossible, as you said, made that whales will always continue to take profits that can be done.
But I think you have done the right thing with what you had anticipated to be able to keep from missing out, because right now bitcoin is starting to correct again, but there is always room to increase next year.
100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.
Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history :)
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t must be admitted that Trump's victory in the election was very noticeable and had an impact on the increase in bitcoin, which was almost close to $ 100K. I agree that Trump is indeed known to like and approve of the existence of bitcoin, and it is not impossible, as you said, made that whales will always continue to take profits that can be done.
But I think you have done the right thing with what you had anticipated to be able to keep from missing out, because right now bitcoin is starting to correct again, but there is always room to increase next year.
Yes, it seems that the crypto market, especially bitcoin, is very affected by Trump's victory in the US presidential election, making bitcoin reach ATH $ 99K, but bitcoin is currently experiencing a correction until the price of bitcoin drops to $ 93K.
We should wait because some people say we will see a bitcoin correction that will drop below $ 80K, actually I don't believe that prediction because according to my analysis if bitcoin experiences a correction it will still be above $ 80K.
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Let's see in January next year after Trump's inauguration whether the price of bitcoin will soar or we will hear negative news about bitcoin that will make the price of bitcoin plummet. But I see many people who believe that the price of bitcoin will rise at the time of Trump's inauguration as US president.
Trump is a crypto fan so people believe that Trump's inauguration will be the beginning of a new era for crypto in the US. However, anything can happen and whales can take profits on January 20 and we will have the famous sell the news event.
That being said, I rarely act on news, I will still wait for the price to slow down after BTC hits 100K USD. I will take profits in parts to protect profits and may continue to hold BTC to 150K, 200K and 250K.
It must be admitted that Trump's victory in the election was very noticeable and had an impact on the increase in bitcoin, which was almost close to $ 100K. I agree that Trump is indeed known to like and approve of the existence of bitcoin, and it is not impossible, as you said, made that whales will always continue to take profits that can be done.
But I think you have done the right thing with what you had anticipated to be able to keep from missing out, because right now bitcoin is starting to correct again, but there is always room to increase next year.
Political changes making the market situation move, offer an insight of how sycronised the world of crypto is with global events. Under such circumstances, the decisions made in anticipation, as well as those in line with the mature strategies are definitely steps that most should consider. That is why the price movement of which Bitcoin has undergone another correction can indeed be disenchanting, however, at the same time one must not forget that the crypto market is characterised by high volatility.
But we can still expect a new increase in the future. It will be also interesting next year to observe further development of this kind of market. So long as we remain on course with the targets that have been established concerning investments and be flexible in relation to change, the potential to achieve improved outcomes is always available. This is just one stage of a process where there is much to be learned at each of the stages.
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100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.
Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history :)
If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.
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100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.
Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history :)
If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.
It must be admitted that the opportunity to reach $100K can be achieved, but maybe not this year, or it could happen this year. It's all hard to guess because when it is close to $100K, but there, is a correction again and, of course, it could be a correction to prepare for a sharper increase.
Agree, if you do have the funds to glance at potential altcoins, which, until now, the price is quite good to be bought and held, when there will be a big increase in bitcoin, then potential altcoins will reach their latest ATH.
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100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.
Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history :)
If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.
It must be admitted that the opportunity to reach $100K can be achieved, but maybe not this year, or it could happen this year. It's all hard to guess because when it is close to $100K, but there, is a correction again and, of course, it could be a correction to prepare for a sharper increase.
Agree, if you do have the funds to glance at potential altcoins, which, until now, the price is quite good to be bought and held, when there will be a big increase in bitcoin, then potential altcoins will reach their latest ATH.
After the increase in the price of Bitcoin, I have not seen a bull run of altcoins so far. Hopefully, we will see a bull run of altcoins next year. I don't know how safe it will be if we invest again now. I am waiting for the price of Bitcoin to reach $100K. Let's see if we can see the price of Bitcoin surpass $100K by the end of this year or next year. If those who have invested in altcoins cannot hold on now, they will not be able to take profits when the bull run of altcoins starts.
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If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.
I've also seen this and am not too surprised. 100K USD is always a major psychological benchmark for investors and the state of the crypto market. I'm ready to hold BTC to a higher target without fearing any extreme government actions to deal with individuals using crypto as payment for labor.
I started DCA altcoins after BTC created a new ATH before the halving. Although I'm a bit disappointed that they haven't been able to generate big profits yet, I still believe in their potential. As long as governments don't attack crypto, altseason will come and last for many months, which will be an opportunity for me to take profits on both BTC and altcoins.
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If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.
I've also seen this and am not too surprised. 100K USD is always a major psychological benchmark for investors and the state of the crypto market. I'm ready to hold BTC to a higher target without fearing any extreme government actions to deal with individuals using crypto as payment for labor.
I started DCA altcoins after BTC created a new ATH before the halving. Although I'm a bit disappointed that they haven't been able to generate big profits yet, I still believe in their potential. As long as governments don't attack crypto, altseason will come and last for many months, which will be an opportunity for me to take profits on both BTC and altcoins.
It seems that the government will not attack crypto because Trump as the winner of the US presidential election supports bitcoin and will make the US the center of bitcoin. The US is a big country that is likely to become the center of other countries. So it is likely that in the future the governments of other countries that have not accepted crypto will reconsider accepting crypto. That is my prediction.
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It seems that the government will not attack crypto because Trump as the winner of the US presidential election supports bitcoin and will make the US the center of bitcoin. The US is a big country that is likely to become the center of other countries. So it is likely that in the future the governments of other countries that have not accepted crypto will reconsider accepting crypto. That is my prediction.
I have a similar prediction: if the US accepts crypto, other countries will have no clear reason to reject or ban crypto, unless they are authoritarian countries under US sanctions. Even in North Korea, the government-backed hacker teams love attacking and stealing crypto assets :)
We're seeing FOMO on a company scale, but after January 2025, it will be FOMO on a national and government scale. Trump will make America great again, and make crypto greater!
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100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.
Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history :)
If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.
It must be admitted that the opportunity to reach $100K can be achieved, but maybe not this year, or it could happen this year. It's all hard to guess because when it is close to $100K, but there, is a correction again and, of course, it could be a correction to prepare for a sharper increase.
Agree, if you do have the funds to glance at potential altcoins, which, until now, the price is quite good to be bought and held, when there will be a big increase in bitcoin, then potential altcoins will reach their latest ATH.
After the increase in the price of Bitcoin, I have not seen a bull run of altcoins so far. Hopefully, we will see a bull run of altcoins next year. I don't know how safe it will be if we invest again now. I am waiting for the price of Bitcoin to reach $100K. Let's see if we can see the price of Bitcoin surpass $100K by the end of this year or next year. If those who have invested in altcoins cannot hold on now, they will not be able to take profits when the bull run of altcoins starts.
When bitcoin increases quickly, it is not accompanied by the speed made by Altcoin, so that when Bitcoin is corrected is also eroded. For this reason, it is very difficult for Altcoin to be able to follow the movement of Bitcoin at this time, so that the increase is not the same as Bitcoin, and it takes more time to be able to approach it.
I think it's just a matter of time for Bitcoin to reach $ 100K because the last time is approaching and not happening and in the future it is very likely to be done.
For Altcoin, I think that the potential is very reasonable to stay held because they will also be the same as Bitcoin can reach ATH.
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When bitcoin increases quickly, it is not accompanied by the speed made by Altcoin, so that when Bitcoin is corrected is also eroded. For this reason, it is very difficult for Altcoin to be able to follow the movement of Bitcoin at this time, so that the increase is not the same as Bitcoin, and it takes more time to be able to approach it.
I think it's just a matter of time for Bitcoin to reach $ 100K because the last time is approaching and not happening and in the future it is very likely to be done.
For Altcoin, I think that the potential is very reasonable to stay held because they will also be the same as Bitcoin can reach ATH.
We are witnessing FOMO on a national scale, so nearly all barriers to crypto development have been removed. BTC is approaching $100K, many altcoins are reaching new ATHs like XRP, XLM, HBAR... everything is happening faster than I dared to expect.
Right now, governments are probably quite confused if they ever denied or opposed crypto. They will have to carefully change their views to avoid admitting their past mistakes and extremism. It's really interesting to watch as we're making more profits from crypto every day!
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100K USD was predicted to be where the price would experience quite crazy volatility, and BTC price not being able to reach 100K USD is part of that craziness. Many investors are taking profits, honestly I also wanted to take profits at around 95K-100K but in the end I want to sell my BTC at 100K USD as a beautiful memory.
Anyway, the uptrend is still ahead, altseason is waiting for us and crypto adoption at the national level will soon be activated. I look forward to a lot of positive news so that I can tell the crypto anti-fans that they have chosen the wrong side of history :)
If you are targeting bitcoin price at $100K you should wait because we have seen bitcoin only reach price $99,655 according to CMC records. and currently the price of bitcoin has dropped to $91,890. so forget about selling your bitcoin this week, because we will likely see a correction.
If you still have capital, be prepared to buy potential altcoins because the price of the top altcoins is still low if we compare its ATH achievement.
It must be admitted that the opportunity to reach $100K can be achieved, but maybe not this year, or it could happen this year. It's all hard to guess because when it is close to $100K, but there, is a correction again and, of course, it could be a correction to prepare for a sharper increase.
Agree, if you do have the funds to glance at potential altcoins, which, until now, the price is quite good to be bought and held, when there will be a big increase in bitcoin, then potential altcoins will reach their latest ATH.
Actually, we arent that too far with that number on which a single positive news will really be able to break that resistance of $100k and will be pushing through new higher highs. Its not something new that Bitcoin will really be able to break out those resistances on which we do thought that it will really be taking up some time. As for cracking down, if government do able to do so then they have done it already a long year ago but it seems that they had failed out on cracking it directly, this is why they do really put up their focus into those centralized platforms
on which imposing stricter laws or simply with those rules and regulations on which it do affects up crypto users.
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Actually, we arent that too far with that number on which a single positive news will really be able to break that resistance of $100k and will be pushing through new higher highs. Its not something new that Bitcoin will really be able to break out those resistances on which we do thought that it will really be taking up some time. As for cracking down, if government do able to do so then they have done it already a long year ago but it seems that they had failed out on cracking it directly, this is why they do really put up their focus into those centralized platforms
on which imposing stricter laws or simply with those rules and regulations on which it do affects up crypto users.
+
We can observe the response of governments today: they are no longer as extreme as in previous seasons. They no longer say that BTC is dangerous or a threat to the economy, and they no longer spread news about crypto scams... Governments are becoming more friendly. They are seriously studying crypto to protect investors instead of threatening to jail them :)
Things have changed, and BTC is always ready to rise to break 100K USD. When this happens, governments will be under pressure to issue a legal framework for managing crypto because they cannot prevent people from investing in such an attractive asset class.
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Actually, we arent that too far with that number on which a single positive news will really be able to break that resistance of $100k and will be pushing through new higher highs. Its not something new that Bitcoin will really be able to break out those resistances on which we do thought that it will really be taking up some time. As for cracking down, if government do able to do so then they have done it already a long year ago but it seems that they had failed out on cracking it directly, this is why they do really put up their focus into those centralized platforms
on which imposing stricter laws or simply with those rules and regulations on which it do affects up crypto users.
+
We can observe the response of governments today: they are no longer as extreme as in previous seasons. They no longer say that BTC is dangerous or a threat to the economy, and they no longer spread news about crypto scams... Governments are becoming more friendly. They are seriously studying crypto to protect investors instead of threatening to jail them :)
Things have changed, and BTC is always ready to rise to break 100K USD. When this happens, governments will be under pressure to issue a legal framework for managing crypto because they cannot prevent people from investing in such an attractive asset class.
It is difficult to stem the existence of Bitcoin because this is renewable technology and many are helped by the existence of Bitcoin, and it is very difficult to stem progress with this. If you do not want to accept the existence of Bitcoin, then your own loss will be a loss of the current progress. I think it is true that the government finally has to accept the reality and be willing to accept and regulate the existence of Bitcoin.
After almost achieving it, of course there will always be an opportunity to repeat, and it will be easy to do, but we don't know when it will happen to reach $ 100K, so be patient about it.
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It is difficult to stem the existence of Bitcoin because this is renewable technology and many are helped by the existence of Bitcoin, and it is very difficult to stem progress with this. If you do not want to accept the existence of Bitcoin, then your own loss will be a loss of the current progress. I think it is true that the government finally has to accept the reality and be willing to accept and regulate the existence of Bitcoin.
After almost achieving it, of course there will always be an opportunity to repeat, and it will be easy to do, but we don't know when it will happen to reach $ 100K, so be patient about it.
What makes BTC valuable is that it's independent of governments and is decentralized, meaning governments can choose not to engage with BTC but they can't stop BTC from continuing to exist and develop on a global scale. Governments should have realized this sooner to proactively deal with this financial wave.
Currently, we have BTC above 100K USD as expected, the media is talking about BTC and crypto, investors are seeking information about BTC and we are witnessing a fierce FOMO from F0s. Perhaps they regret underestimating BTC at lower prices and deserve to buy BTC at price above 100K USD.
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It is difficult to stem the existence of Bitcoin because this is renewable technology and many are helped by the existence of Bitcoin, and it is very difficult to stem progress with this. If you do not want to accept the existence of Bitcoin, then your own loss will be a loss of the current progress. I think it is true that the government finally has to accept the reality and be willing to accept and regulate the existence of Bitcoin.
After almost achieving it, of course there will always be an opportunity to repeat, and it will be easy to do, but we don't know when it will happen to reach $ 100K, so be patient about it.
What makes BTC valuable is that it's independent of governments and is decentralized, meaning governments can choose not to engage with BTC but they can't stop BTC from continuing to exist and develop on a global scale. Governments should have realized this sooner to proactively deal with this financial wave.
Currently, we have BTC above 100K USD as expected, the media is talking about BTC and crypto, investors are seeking information about BTC and we are witnessing a fierce FOMO from F0s. Perhaps they regret underestimating BTC at lower prices and deserve to buy BTC at price above 100K USD.
The nature of bitcoin that cannot be intervened greatly affects every movement of bitcoin without anyone's interference and that is the advantage that bitcoin has and is very much liked by many investors until now. Some governments agree and legalize it, but some do not because of the nature that is inherent in bitcoin, but with its development one. day they must also be able to accept this
It has increased and reached above $ 100K and is now down again and this is a common thing for bitcoin to do to be able to rise even higher.
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Actually, we arent that too far with that number on which a single positive news will really be able to break that resistance of $100k and will be pushing through new higher highs. Its not something new that Bitcoin will really be able to break out those resistances on which we do thought that it will really be taking up some time. As for cracking down, if government do able to do so then they have done it already a long year ago but it seems that they had failed out on cracking it directly, this is why they do really put up their focus into those centralized platforms
on which imposing stricter laws or simply with those rules and regulations on which it do affects up crypto users.
+
We can observe the response of governments today: they are no longer as extreme as in previous seasons. They no longer say that BTC is dangerous or a threat to the economy, and they no longer spread news about crypto scams... Governments are becoming more friendly. They are seriously studying crypto to protect investors instead of threatening to jail them :)
Things have changed, and BTC is always ready to rise to break 100K USD. When this happens, governments will be under pressure to issue a legal framework for managing crypto because they cannot prevent people from investing in such an attractive asset class.
It is difficult to stem the existence of Bitcoin because this is renewable technology and many are helped by the existence of Bitcoin, and it is very difficult to stem progress with this. If you do not want to accept the existence of Bitcoin, then your own loss will be a loss of the current progress. I think it is true that the government finally has to accept the reality and be willing to accept and regulate the existence of Bitcoin.
After almost achieving it, of course there will always be an opportunity to repeat, and it will be easy to do, but we don't know when it will happen to reach $ 100K, so be patient about it.
Trying out to make some comparison in between the past and now then there's really that difference on which we've seen on how it do able to make out such change on which we have seen that the government now isnt really that focusing on cracking it down butrather they do really tend to legalize or regulate any crypto related services or platforms on which this is the only way that they could get a hold of Bitcoin or with crypto. If they have plans on cracking it down then they wont really be stopping and they have long time been doing it but they have realized that it was pointless and thats why they are now gradually accepting it out.
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Actually, we arent that too far with that number on which a single positive news will really be able to break that resistance of $100k and will be pushing through new higher highs. Its not something new that Bitcoin will really be able to break out those resistances on which we do thought that it will really be taking up some time. As for cracking down, if government do able to do so then they have done it already a long year ago but it seems that they had failed out on cracking it directly, this is why they do really put up their focus into those centralized platforms
on which imposing stricter laws or simply with those rules and regulations on which it do affects up crypto users.
+
We can observe the response of governments today: they are no longer as extreme as in previous seasons. They no longer say that BTC is dangerous or a threat to the economy, and they no longer spread news about crypto scams... Governments are becoming more friendly. They are seriously studying crypto to protect investors instead of threatening to jail them :)
Things have changed, and BTC is always ready to rise to break 100K USD. When this happens, governments will be under pressure to issue a legal framework for managing crypto because they cannot prevent people from investing in such an attractive asset class.
It is difficult to stem the existence of Bitcoin because this is renewable technology and many are helped by the existence of Bitcoin, and it is very difficult to stem progress with this. If you do not want to accept the existence of Bitcoin, then your own loss will be a loss of the current progress. I think it is true that the government finally has to accept the reality and be willing to accept and regulate the existence of Bitcoin.
After almost achieving it, of course there will always be an opportunity to repeat, and it will be easy to do, but we don't know when it will happen to reach $ 100K, so be patient about it.
Trying out to make some comparison in between the past and now then there's really that difference on which we've seen on how it do able to make out such change on which we have seen that the government now isnt really that focusing on cracking it down butrather they do really tend to legalize or regulate any crypto related services or platforms on which this is the only way that they could get a hold of Bitcoin or with crypto. If they have plans on cracking it down then they wont really be stopping and they have long time been doing it but they have realized that it was pointless and thats why they are now gradually accepting it out.
Agree, at first almost many governments could not accept the existence of crypto because it was very foreign to them, and it could be detrimental to their economy. But with the development of knowledge and the difficulty of banning it, they are gradually willing to accept and admit, even though there are restrictions that can be made, which in the end these restrictions are not useful because the nature of crypto is indeed free, and the government must be willing to accept it to be legalized and can get income from the transaction sector that is carried out.
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Agree, at first almost many governments could not accept the existence of crypto because it was very foreign to them, and it could be detrimental to their economy. But with the development of knowledge and the difficulty of banning it, they are gradually willing to accept and admit, even though there are restrictions that can be made, which in the end these restrictions are not useful because the nature of crypto is indeed free, and the government must be willing to accept it to be legalized and can get income from the transaction sector that is carried out.
Crypto goes against the economic theories that politicians have learned their entire lives, so they often find it difficult to accept crypto. However, they also need to have an open mind to manage the country because the world is changing and developing every day. Crypto is a financial development that they need to understand in order to apply.
Currently, we no longer have to worry about government suppression. We are heading towards widespread acceptance. What we don't know yet is the extent and manner in which each country will act to take advantage of the value of crypto. Perhaps this process will take 4-5 years, and we have enough time to wait.
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Agree, at first almost many governments could not accept the existence of crypto because it was very foreign to them, and it could be detrimental to their economy. But with the development of knowledge and the difficulty of banning it, they are gradually willing to accept and admit, even though there are restrictions that can be made, which in the end these restrictions are not useful because the nature of crypto is indeed free, and the government must be willing to accept it to be legalized and can get income from the transaction sector that is carried out.
Crypto goes against the economic theories that politicians have learned their entire lives, so they often find it difficult to accept crypto. However, they also need to have an open mind to manage the country because the world is changing and developing every day. Crypto is a financial development that they need to understand in order to apply.
Currently, we no longer have to worry about government suppression. We are heading towards widespread acceptance. What we don't know yet is the extent and manner in which each country will act to take advantage of the value of crypto. Perhaps this process will take 4-5 years, and we have enough time to wait.
Crypto offers financial freedom, which is what governments fear because they cannot control it. But now we don't need to worry because governments in many countries have started to accept crypto. The concern of economists and governments is the progress that crypto uses, but I feel that no one can deny that progress.
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Agree, at first almost many governments could not accept the existence of crypto because it was very foreign to them, and it could be detrimental to their economy. But with the development of knowledge and the difficulty of banning it, they are gradually willing to accept and admit, even though there are restrictions that can be made, which in the end these restrictions are not useful because the nature of crypto is indeed free, and the government must be willing to accept it to be legalized and can get income from the transaction sector that is carried out.
Crypto goes against the economic theories that politicians have learned their entire lives, so they often find it difficult to accept crypto. However, they also need to have an open mind to manage the country because the world is changing and developing every day. Crypto is a financial development that they need to understand in order to apply.
Currently, we no longer have to worry about government suppression. We are heading towards widespread acceptance. What we don't know yet is the extent and manner in which each country will act to take advantage of the value of crypto. Perhaps this process will take 4-5 years, and we have enough time to wait.
Crypto offers financial freedom, which is what governments fear because they cannot control it. But now we don't need to worry because governments in many countries have started to accept crypto. The concern of economists and governments is the progress that crypto uses, but I feel that no one can deny that progress.
Actually, the government knew that before accepting crypto, but some countries apply many rules so that the government also benefits from the existence of crypto. For example, every transaction exchanged for fiat must use a local exchange, in addition to being able to control and be able to achieve from the profitable tax side and various ways of rules can be done to be able to accept crypto. Because the development of crypto cannot be avoided and must be accommodated properly.
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Crypto offers financial freedom, which is what governments fear because they cannot control it. But now we don't need to worry because governments in many countries have started to accept crypto. The concern of economists and governments is the progress that crypto uses, but I feel that no one can deny that progress.
We all want financial freedom, and governments don't want to prevent this. What governments fear is the idea of financial independence: when people use financial tools that are beyond the control of governments, such as BTC. This worries them because they don't understand and can't ban or shut down BTC.
Right now, the advantages of BTC are being mentioned, and major countries are also holding BTC, so we have a wave of BTC adoption at the government level. A new race is about to begin: which government will be more successful in applying BTC to escape from huge debt.
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Many governments all over the world are suspicious about crypto. They want to control the financial matter of their citizens. The EU have taken the right decision in this regard. The other countries should also follow the same instead of trying to ban the crypto.
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Possibly they have attempted on several occasion and couldn't made it, because bitcoin is not what they can achieve centralization with in cryptocurrency, also, they have to know that the people have their own right in making their own choices for what they want, crypto is now what they can only watch to either support or leave as it is, because people have to live by the use of having an alternative currency.
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Possibly they have attempted on several occasion and couldn't made it, because bitcoin is not what they can achieve centralization with in cryptocurrency, also, they have to know that the people have their own right in making their own choices for what they want, crypto is now what they can only watch to either support or leave as it is, because people have to live by the use of having an alternative currency.
I've read somewhere that the US government once tried to destroy the BTC network but failed. Computational limitations in terms of hardware and bandwidth make it impossible to destroy BTC, even with Google's most advanced quantum computer.
Governments are now starting to accept and coexist with BTC and crypto, and they are also looking for ways to leverage it for their countries. Crypto is a new asset class and it has the potential to reshape the world in the same way that oil and the internet have done in the past. I hope the US will continue to lead the world in this new economic wave. I don't love the US but I can't trust any other government either.
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I've read somewhere that the US government once tried to destroy the BTC network but failed. Computational limitations in terms of hardware and bandwidth make it impossible to destroy BTC, even with Google's most advanced quantum computer.
of course they failed no matter what they do they will not be able to destroy bitcoin's network maybe they just tried to discourage and spread propaganda against bitcoin back then but there is literally nothing they could do to ruin bitcoin back then and until now
Governments are now starting to accept and coexist with BTC and crypto, and they are also looking for ways to leverage it for their countries.
if they can't beat them, join them! that is basically what they are doing they realized how beneficial bitcoin is so instead of trying to push it out since they can't anyway why not just make use of it right?
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of course they failed no matter what they do they will not be able to destroy bitcoin's network maybe they just tried to discourage and spread propaganda against bitcoin back then but there is literally nothing they could do to ruin bitcoin back then and until now
if they can't beat them, join them! that is basically what they are doing they realized how beneficial bitcoin is so instead of trying to push it out since they can't anyway why not just make use of it right?
The BTC blockchain is many times more powerful than supercomputers, so attacking BTC is impossible. And just as you said, governments can't eliminate BTC, so they will join and find ways to profit from BTC.
Most governments around the world are facing debt problems. They've spent too much compared to tax revenue, they want to collect more taxes from crypto and they will do it! The good news is they will have to accept crypto, the bad news is that investors will have to pay quite high taxes to greedy governments :(
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If the government wanted to ban cryptocurrency, it would have done it a long time ago, when this field of activity was just in its infancy. Then it would be much easier and faster to do this. But now, when it has already fully formed and become a part of people’s lives, no one will be able to completely ban crypto. Also, even the Governments of many countries keep a large part of their money in cryptocurrency. And they will not saw the branch they are sitting on.
Yes, you have well spoken, if actually the government wanted to ban Bitcoin, they should have done that at the beginning of the inventions, that is, its early days, probably before it was five years old.
Obviously, Bitcoin has gone meanstream, many high profile individuals, organizations, companies, country etc, has entered the Bitcoin community with huge funds. I think we have gone past the level where governments should be thinking of crypto ban, it is landing in the moon very soon.
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If the government wanted to ban cryptocurrency, it would have done it a long time ago, when this field of activity was just in its infancy. Then it would be much easier and faster to do this. But now, when it has already fully formed and become a part of people’s lives, no one will be able to completely ban crypto. Also, even the Governments of many countries keep a large part of their money in cryptocurrency. And they will not saw the branch they are sitting on.
Yes, you have well spoken, if actually the government wanted to ban Bitcoin, they should have done that at the beginning of the inventions, that is, its early days, probably before it was five years old.
Obviously, Bitcoin has gone meanstream, many high profile individuals, organizations, companies, country etc, has entered the Bitcoin community with huge funds. I think we have gone past the level where governments should be thinking of crypto ban, it is landing in the moon very soon.
The government has banned bitcoin since the beginning of bitcoin's launch, but bitcoin has survived and is getting more expensive every day and more and more people are interested in bitcoin, which makes the price of bitcoin higher and more popular. So finally the government made a rule to accept bitcoin, especially since many developed countries have allowed their citizens to invest in bitcoin. Even US presidential candidate Donald Trump supported bitcoin in his campaign, which made the price of bitcoin exceed more than $100K
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
Yes.
Before the crypto community became popular and well known as a means of financial freedom, it has ever existed without the interference of the government, be it support or not. When the crypto community was still at it's very tender age, where it was mainly for fun without fund, it was gaining strength from every users of the industry. Now, it has gained full strength that people around the world, big investors and companies are now in the community. As at now, the dominance is more powerful, as the newly elected president has a full support on the community, while top countries like El Salvador, USA, Germany already have crypto currency legalized.
- Do you think governments can suppress and restrain the crypto market with their power?
Yes they can, but doesn't mean they can win. The P2P system of purchasing/exchanging crypto currency has made a gap that can't be bridged. This is a means that almost all crypto exchanges use and any crypto exchange that doesn't use this, it might find some difficulty in popularity and mass adoption. Where the power of the government will want to have a strong stand is in terms of the particular country's native currency. P2P will break the wings of that power, otherwise, internet banking is another powerful tool, that has come to stay and that is government friendly.
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
I will accept the adoption of cryptocurrency. It has been a thing that the rich wants to keep their riches while the less privileged are oppressed. With crypto currency, everyone has the right to accumulate riches as possible. The one thing is to regulate it and put taxes.
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Before the crypto community became popular and well known as a means of financial freedom, it has ever existed without the interference of the government, be it support or not. When the crypto community was still at it's very tender age, where it was mainly for fun without fund, it was gaining strength from every users of the industry. Now, it has gained full strength that people around the world, big investors and companies are now in the community. As at now, the dominance is more powerful, as the newly elected president has a full support on the community, while top countries like El Salvador, USA, Germany already have crypto currency legalized.
Yes they can, but doesn't mean they can win. The P2P system of purchasing/exchanging crypto currency has made a gap that can't be bridged. This is a means that almost all crypto exchanges use and any crypto exchange that doesn't use this, it might find some difficulty in popularity and mass adoption. Where the power of the government will want to have a strong stand is in terms of the particular country's native currency. P2P will break the wings of that power, otherwise, internet banking is another powerful tool, that has come to stay and that is government friendly.
I will accept the adoption of cryptocurrency. It has been a thing that the rich wants to keep their riches while the less privileged are oppressed. With crypto currency, everyone has the right to accumulate riches as possible. The one thing is to regulate it and put taxes.
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Thank you for your very detailed response, allowing everyone to refer to this interesting viewpoint, which is perhaps something we accept and take for granted.
Governments are large enough to suppress crypto, however, their efforts may not produce commensurate results while they may face criticism and condemnation from the people. A safer approach is to approach crypto cautiously, monitor the crypto policies of major countries and then learn and apply them flexibly.
We no longer hear about the extreme anti-crypto stance of governments, they are currently staying silent or studying the legal framework for crypto. Crypto taxes are something we don't want to pay, but we will be forced to accept them to get legal protection in the future.
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Thank you for your very detailed response, allowing everyone to refer to this interesting viewpoint, which is perhaps something we accept and take for granted.
Governments are large enough to suppress crypto, however, their efforts may not produce commensurate results while they may face criticism and condemnation from the people. A safer approach is to approach crypto cautiously, monitor the crypto policies of major countries and then learn and apply them flexibly.
We no longer hear about the extreme anti-crypto stance of governments, they are currently staying silent or studying the legal framework for crypto. Crypto taxes are something we don't want to pay, but we will be forced to accept them to get legal protection in the future.
We as citizens are required to pay taxes, although we are a little annoyed but it is part of the compensation from the government that legalized crypto. so we are safer and more comfortable to invest in crypto.
I also see governments in many countries have started to accept crypto and they are certainly discussing policies to support crypto and at least there is a legal framework to regulate crypto in their country so that it is not misused of course the government can only intervene in local exchanges.
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Thank you for your very detailed response, allowing everyone to refer to this interesting viewpoint, which is perhaps something we accept and take for granted.
Governments are large enough to suppress crypto, however, their efforts may not produce commensurate results while they may face criticism and condemnation from the people. A safer approach is to approach crypto cautiously, monitor the crypto policies of major countries and then learn and apply them flexibly.
We no longer hear about the extreme anti-crypto stance of governments, they are currently staying silent or studying the legal framework for crypto. Crypto taxes are something we don't want to pay, but we will be forced to accept them to get legal protection in the future.
We as citizens are required to pay taxes, although we are a little annoyed but it is part of the compensation from the government that legalized crypto. so we are safer and more comfortable to invest in crypto.
I also see governments in many countries have started to accept crypto and they are certainly discussing policies to support crypto and at least there is a legal framework to regulate crypto in their country so that it is not misused of course the government can only intervene in local exchanges.
Taxes are actually one of our duties as citizens no matter how we sometimes resent the amount we have to pay. But if it is going to lead to a situation where the government offers a definite legal status to crypto assets, it is becoming apparent to make the ecosystem much more secure and liberal. To use digital assets, some kind of regulations often help to reduce the possibility of these assets being misused while at the same time its citizens develop confident in dealing with this kind of industry. Even if it is local policy it may make some effect to give better surety on transaction and investments. It has been hoped that with government support, the growth of crypto can go hand in hand with liberalising policies rather than restrictive.
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We as citizens are required to pay taxes, although we are a little annoyed but it is part of the compensation from the government that legalized crypto. so we are safer and more comfortable to invest in crypto.
I also see governments in many countries have started to accept crypto and they are certainly discussing policies to support crypto and at least there is a legal framework to regulate crypto in their country so that it is not misused of course the government can only intervene in local exchanges.
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I agree, the government's imposition of taxes on crypto income signifies their acceptance of crypto's existence within the economy. Crypto investors will be better protected, and the market will be regulated and developed more sustainably. These are the advancements we anticipate in our legislators' financial thinking.
However, I do not deny the risk of excessive government intervention in this market to gain dominance and exploit it through government-controlled CEXs. I am not surprised by their greed, as they may even utilize insider information about trading activity on CEXs to proactively manipulate the domestic crypto market and reap enormous profits.
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Thank you for your very detailed response, allowing everyone to refer to this interesting viewpoint, which is perhaps something we accept and take for granted.
Governments are large enough to suppress crypto, however, their efforts may not produce commensurate results while they may face criticism and condemnation from the people. A safer approach is to approach crypto cautiously, monitor the crypto policies of major countries and then learn and apply them flexibly.
We no longer hear about the extreme anti-crypto stance of governments, they are currently staying silent or studying the legal framework for crypto. Crypto taxes are something we don't want to pay, but we will be forced to accept them to get legal protection in the future.
We as citizens are required to pay taxes, although we are a little annoyed but it is part of the compensation from the government that legalized crypto. so we are safer and more comfortable to invest in crypto.
I also see governments in many countries have started to accept crypto and they are certainly discussing policies to support crypto and at least there is a legal framework to regulate crypto in their country so that it is not misused of course the government can only intervene in local exchanges.
There is always misuse that can occur by legalizing crypto, but the government can regulate according to the interests of each country, because they can determine, Because without regulation, at any time, you can still at least control it even though it is limited. But it is true, as you said, that the government can profit from transactions that occur by collecting taxes per transaction and that will be able to provide economic income for the country.
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Possibly they have attempted on several occasion and couldn't made it, because bitcoin is not what they can achieve centralization with in cryptocurrency, also, they have to know that the people have their own right in making their own choices for what they want, crypto is now what they can only watch to either support or leave as it is, because people have to live by the use of having an alternative currency.
If government wants to crack down crypto, they can only succeed in banning and ceasing all the centralized altcoins because they can go after the founders of those coins and tokens but it's not possible to crack down Bitcoin. The only that can be is if they cease investors coin which I never possible.
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There is always misuse that can occur by legalizing crypto, but the government can regulate according to the interests of each country, because they can determine, Because without regulation, at any time, you can still at least control it even though it is limited. But it is true, as you said, that the government can profit from transactions that occur by collecting taxes per transaction and that will be able to provide economic income for the country.
Crypto adoption will bring many benefits to all involved parties:
- The country will have additional income from crypto taxes.
- The government will gain the support of crypto investors.
- Citizens will have access to a new asset class.
- Crypto investors will be protected from fraudsters.
- The country will become more famous and attract tourists and investment flows.
These points have been mentioned before, but many governments have intentionally ignored them. Now, the game theory is being activated as the US wants to have a BTC reserve, forcing governments to focus more seriously on this market.
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There is always misuse that can occur by legalizing crypto, but the government can regulate according to the interests of each country, because they can determine, Because without regulation, at any time, you can still at least control it even though it is limited. But it is true, as you said, that the government can profit from transactions that occur by collecting taxes per transaction and that will be able to provide economic income for the country.
Crypto adoption will bring many benefits to all involved parties:
- The country will have additional income from crypto taxes.
- The government will gain the support of crypto investors.
- Citizens will have access to a new asset class.
- Crypto investors will be protected from fraudsters.
- The country will become more famous and attract tourists and investment flows.
These points have been mentioned before, but many governments have intentionally ignored them. Now, the game theory is being activated as the US wants to have a BTC reserve, forcing governments to focus more seriously on this market.
Right now there is no regulations yet. Although they are not making BTC illegal, they are also not providing clear regulation to crypto.
There is even a new crypto law to be approved and I think they'd be signing It after Gensler will be out from SEC. The politics in crypto is still an on going battle right now, the Congress and senate will still have to debate on it and we're going to witness more crackdown if Trump will be out after his term.
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There is always misuse that can occur by legalizing crypto, but the government can regulate according to the interests of each country, because they can determine, Because without regulation, at any time, you can still at least control it even though it is limited. But it is true, as you said, that the government can profit from transactions that occur by collecting taxes per transaction and that will be able to provide economic income for the country.
Crypto adoption will bring many benefits to all involved parties:
- The country will have additional income from crypto taxes.
- The government will gain the support of crypto investors.
- Citizens will have access to a new asset class.
- Crypto investors will be protected from fraudsters.
- The country will become more famous and attract tourists and investment flows.
These points have been mentioned before, but many governments have intentionally ignored them. Now, the game theory is being activated as the US wants to have a BTC reserve, forcing governments to focus more seriously on this market.
Right now there is no regulations yet. Although they are not making BTC illegal, they are also not providing clear regulation to crypto.
There is even a new crypto law to be approved and I think they'd be signing It after Gensler will be out from SEC. The politics in crypto is still an on going battle right now, the Congress and senate will still have to debate on it and we're going to witness more crackdown if Trump will be out after his term.
No government has the power to crack down on crypto. They can only advise their country's citizens to stay away from crypto and make it illegal in their country but if the people of that country want to use crypto then they will have the ability to access crypto even though it is illegal because it is total freedom. they may be deprived of CEX services for some reason, but they can access DEX. so government can't crack down crypto in any way
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No government has the power to crack down on crypto. They can only advise their country's citizens to stay away from crypto and make it illegal in their country but if the people of that country want to use crypto then they will have the ability to access crypto even though it is illegal because it is total freedom. they may be deprived of CEX services for some reason, but they can access DEX. so government can't crack down crypto in any way
Bro just give here the bro example of our own region.
As people know that here in the Bangladesh crypto currency is illegal but even then more than 4 million people were connected with the cryptocurrency and if we just look at the p2p trade there is huge volume of transactions everyday. No one can able to stop them from use cryptocurrency.
There is only one thing happening here and that is that our country is deprived of earning a huge amount of foreign exchange and a huge amount of taxes.
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No government has the power to crack down on crypto. They can only advise their country's citizens to stay away from crypto and make it illegal in their country but if the people of that country want to use crypto then they will have the ability to access crypto even though it is illegal because it is total freedom. they may be deprived of CEX services for some reason, but they can access DEX. so government can't crack down crypto in any way
Bro just give here the bro example of our own region.
As people know that here in the Bangladesh crypto currency is illegal but even then more than 4 million people were connected with the cryptocurrency and if we just look at the p2p trade there is huge volume of transactions everyday. No one can able to stop them from use cryptocurrency.
There is only one thing happening here and that is that our country is deprived of earning a huge amount of foreign exchange and a huge amount of taxes.
I would agree that it would be in the interests of any government to recognise the demand for crypto and install a proper framework to define tax laws and what is an asset, commodity, capital and security. Legalise the exchanges and try and expand the crypto industry in their country and recognise it as an expanding financial sector globally, otherwise they will be left behind.
They can crack down on crypto but they will never be able to eradicate it 100% even though they might think they can.
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I would agree that it would be in the interests of any government to recognise the demand for crypto and install a proper framework to define tax laws and what is an asset, commodity, capital and security. Legalise the exchanges and try and expand the crypto industry in their country and recognise it as an expanding financial sector globally, otherwise they will be left behind.
They can crack down on crypto but they will never be able to eradicate it 100% even though they might think they can.
Despite that in our country the university's have the course of blockchain and also there are multiple team who won the gold in blockchain development competition. But the authorities of our region that they don't know about anything that in case of working with blockchain we need the access of crypto in sometimes.
And as well lots of people doing the crypto trading in WhatsApp to Telegram and also binance p2p. So I think in case of this our country is lacking behind the new technology like blockchain.
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Yes, they can impose as many restrictions as possible, which will reduce the utility of the crypto a lot, negatively impacting the prices, followed by a domino effect.
I want to talk about the fiat losing it's value which is not happening due to the existence of crypto, it is happening as a result of printing money from their country's central bank so if government want to stop the fiat from losing it's value any further then the first logical step to address the situation is by stopping the printing of money and let the circulation happen on it's own.
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No government has the power to crack down on crypto. They can only advise their country's citizens to stay away from crypto and make it illegal in their country but if the people of that country want to use crypto then they will have the ability to access crypto even though it is illegal because it is total freedom. they may be deprived of CEX services for some reason, but they can access DEX. so government can't crack down crypto in any way
Is there a freedom if something is illegal? Everything you do will be done hidden and you will have to be careful because if you are caught, you will definitely be going to jail. Imagine that you use a software wallet on your phone to send out some Bitcoin and then you forgot to uninstall it and somehow some law enforcement found it with you, that's going to be a big problem.
What I want the government to have is education about what is been done here, they need to know what's the purpose or crypto and how it's going to be useful to the people, such can make them reconsider banning crypto.
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No government has the power to crack down on crypto. They can only advise their country's citizens to stay away from crypto and make it illegal in their country but if the people of that country want to use crypto then they will have the ability to access crypto even though it is illegal because it is total freedom. they may be deprived of CEX services for some reason, but they can access DEX. so government can't crack down crypto in any way
Is there a freedom if something is illegal? Everything you do will be done hidden and you will have to be careful because if you are caught, you will definitely be going to jail. Imagine that you use a software wallet on your phone to send out some Bitcoin and then you forgot to uninstall it and somehow some law enforcement found it with you, that's going to be a big problem.
What I want the government to have is education about what is been done here, they need to know what's the purpose or crypto and how it's going to be useful to the people, such can make them reconsider banning crypto.
Currently in many countries, the government has allowed bitcoin as an investment and I think its citizens are starting to feel safe and comfortable. In the past, when bitcoin was first launched, it was considered illegal in many countries, but now the government has been able to accept it, so I think in the future there will be many other countries that will legalize bitcoin.
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Currently in many countries, the government has allowed bitcoin as an investment and I think its citizens are starting to feel safe and comfortable. In the past, when bitcoin was first launched, it was considered illegal in many countries, but now the government has been able to accept it, so I think in the future there will be many other countries that will legalize bitcoin.
New technologies are well known to take certain time before people embrace and fully accept them and the changes that people experience offer them the best lessons. In this vein, it is only fitting that leaders in industries, affected communities and governments work together to guarantee that regulations can function optimally without prejudicing the growth of the business. As a healthy ecosystem starts to develop, there is a better foundation on which we can do so with the threats and potential issues in mind, and of course, education being the key for all the parties involved. Taking incremental steps means building the needed trust and understanding of the complexities in addressing the constant emerging in the development of technology.
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Currently in many countries, the government has allowed bitcoin as an investment and I think its citizens are starting to feel safe and comfortable. In the past, when bitcoin was first launched, it was considered illegal in many countries, but now the government has been able to accept it, so I think in the future there will be many other countries that will legalize bitcoin.
Usually, BTC is considered an asset rather than a common investment for everyone. BTC and crypto are in a gray area: they are not banned but are also not officially regulated. Traders like this because they don't need to pay taxes on crypto income.
Currently, only El Salvador widely accepts BTC because they don't have their own fiat, they use USD so it's easy to accept BTC for the country with a specific and effective strategy. The same is quite difficult to apply in many other countries because BTC can have a negative impact on fiat. I can only hope that they will have an official legal framework to legalize the crypto market!
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Currently in many countries, the government has allowed bitcoin as an investment and I think its citizens are starting to feel safe and comfortable. In the past, when bitcoin was first launched, it was considered illegal in many countries, but now the government has been able to accept it, so I think in the future there will be many other countries that will legalize bitcoin.
Usually, BTC is considered an asset rather than a common investment for everyone. BTC and crypto are in a gray area: they are not banned but are also not officially regulated. Traders like this because they don't need to pay taxes on crypto income.
Currently, only El Salvador widely accepts BTC because they don't have their own fiat, they use USD so it's easy to accept BTC for the country with a specific and effective strategy. The same is quite difficult to apply in many other countries because BTC can have a negative impact on fiat. I can only hope that they will have an official legal framework to legalize the crypto market!
Just a difference in naming because they, have the same in my opinion about it. But indeed, the regulations on crypto, especially bitcoin, are very unclear because some prohibit, some don't, But still limit and some provide restrictions on their local rules.
Until now, there is no proper research on how many countries accept it widely and freely. Of course, as you said, it is elsavador, which we already know.
In fact, each country can regulate Bitcoin itself so that it does not impact fiat, which is actually very profitable with exchanges through local exchanges and can collect taxes and not interfere with fiat in general.
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Just a difference in naming because they, have the same in my opinion about it. But indeed, the regulations on crypto, especially bitcoin, are very unclear because some prohibit, some don't, But still limit and some provide restrictions on their local rules.
Until now, there is no proper research on how many countries accept it widely and freely. Of course, as you said, it is elsavador, which we already know.
In fact, each country can regulate Bitcoin itself so that it does not impact fiat, which is actually very profitable with exchanges through local exchanges and can collect taxes and not interfere with fiat in general.
The crypto community is truly very strong, and if any country accepts BTC as official payment like El Salvador, we will have clear news. Currently, we don't have a second country adopting the BTC policy. Argentina is said to have this possibility after they have a new president, Javier Milei, but we haven't had any official announcement yet.
Currently, we are seeing a change in governments' views on BTC in a positive direction. They have no reason to oppose crypto because it can harm their political careers, which has been proven in the US election. They are looking for ways to accept and manage crypto. I don't know the outcome yet, but this is positive enough to help the crypto market grow and enter an uptrend.
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Just a difference in naming because they, have the same in my opinion about it. But indeed, the regulations on crypto, especially bitcoin, are very unclear because some prohibit, some don't, But still limit and some provide restrictions on their local rules.
Until now, there is no proper research on how many countries accept it widely and freely. Of course, as you said, it is elsavador, which we already know.
In fact, each country can regulate Bitcoin itself so that it does not impact fiat, which is actually very profitable with exchanges through local exchanges and can collect taxes and not interfere with fiat in general.
The crypto community is truly very strong, and if any country accepts BTC as official payment like El Salvador, we will have clear news. Currently, we don't have a second country adopting the BTC policy. Argentina is said to have this possibility after they have a new president, Javier Milei, but we haven't had any official announcement yet.
Currently, we are seeing a change in governments' views on BTC in a positive direction. They have no reason to oppose crypto because it can harm their political careers, which has been proven in the US election. They are looking for ways to accept and manage crypto. I don't know the outcome yet, but this is positive enough to help the crypto market grow and enter an uptrend.
The surprising part is that US is embrasing Bitcoin while their IMF is prohibiting other countries to adopt Bitcoin like what they are saying to El Salvador. If there are other countries out there that is adopting BTC, they better be prepared to make a difference with how they approach it.
They could cicumvent the laws by allowing citizens to just invest in BTC thru their retirement program as well.
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Just a difference in naming because they, have the same in my opinion about it. But indeed, the regulations on crypto, especially bitcoin, are very unclear because some prohibit, some don't, But still limit and some provide restrictions on their local rules.
Until now, there is no proper research on how many countries accept it widely and freely. Of course, as you said, it is elsavador, which we already know.
In fact, each country can regulate Bitcoin itself so that it does not impact fiat, which is actually very profitable with exchanges through local exchanges and can collect taxes and not interfere with fiat in general.
The crypto community is truly very strong, and if any country accepts BTC as official payment like El Salvador, we will have clear news. Currently, we don't have a second country adopting the BTC policy. Argentina is said to have this possibility after they have a new president, Javier Milei, but we haven't had any official announcement yet.
Currently, we are seeing a change in governments' views on BTC in a positive direction. They have no reason to oppose crypto because it can harm their political careers, which has been proven in the US election. They are looking for ways to accept and manage crypto. I don't know the outcome yet, but this is positive enough to help the crypto market grow and enter an uptrend.
The surprising part is that US is embrasing Bitcoin while their IMF is prohibiting other countries to adopt Bitcoin like what they are saying to El Salvador. If there are other countries out there that is adopting BTC, they better be prepared to make a difference with how they approach it.
They could cicumvent the laws by allowing citizens to just invest in BTC thru their retirement program as well.
I think with the government that DT will eventually take over, it is certain that the US will embrace bitcoin because we already know that DT has been very supportive of bitcoin for a long time. Although, as you said, the IMF is against or banning other countries from adopting bitcoin, that will probably apply to countries that are still dependent on the IMF and not to big countries like the US and will not affect the policies that will be implemented.
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The surprising part is that US is embrasing Bitcoin while their IMF is prohibiting other countries to adopt Bitcoin like what they are saying to El Salvador. If there are other countries out there that is adopting BTC, they better be prepared to make a difference with how they approach it.
They could cicumvent the laws by allowing citizens to just invest in BTC thru their retirement program as well.
IMF only dislikes El Salvador's acceptance of BTC as legal tender because this could affect fiat and indirectly weaken the IMF's global power. The IMF once said that El Salvador would fail with its BTC strategy but the facts have proven otherwise, El Salvador has gained many benefits from BTC and solved many of their problems.
The US has only planned to accept BTC as a reserve asset, not as an official means of payment alongside the US dollar. Trump loves BTC but will still protect the value of the USD as US president. Americans can now invest in BTC through spot BTC ETFs, they probably only see BTC as an asset class to diversify their portfolios, not a currency for the future, and I think this is a reasonable view of BTC.
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Just a difference in naming because they, have the same in my opinion about it. But indeed, the regulations on crypto, especially bitcoin, are very unclear because some prohibit, some don't, But still limit and some provide restrictions on their local rules.
Until now, there is no proper research on how many countries accept it widely and freely. Of course, as you said, it is elsavador, which we already know.
In fact, each country can regulate Bitcoin itself so that it does not impact fiat, which is actually very profitable with exchanges through local exchanges and can collect taxes and not interfere with fiat in general.
The crypto community is truly very strong, and if any country accepts BTC as official payment like El Salvador, we will have clear news. Currently, we don't have a second country adopting the BTC policy. Argentina is said to have this possibility after they have a new president, Javier Milei, but we haven't had any official announcement yet.
Currently, we are seeing a change in governments' views on BTC in a positive direction. They have no reason to oppose crypto because it can harm their political careers, which has been proven in the US election. They are looking for ways to accept and manage crypto. I don't know the outcome yet, but this is positive enough to help the crypto market grow and enter an uptrend.
The surprising part is that US is embrasing Bitcoin while their IMF is prohibiting other countries to adopt Bitcoin like what they are saying to El Salvador. If there are other countries out there that is adopting BTC, they better be prepared to make a difference with how they approach it.
They could cicumvent the laws by allowing citizens to just invest in BTC thru their retirement program as well.
I think with the government that DT will eventually take over, it is certain that the US will embrace bitcoin because we already know that DT has been very supportive of bitcoin for a long time. Although, as you said, the IMF is against or banning other countries from adopting bitcoin, that will probably apply to countries that are still dependent on the IMF and not to big countries like the US and will not affect the policies that will be implemented.
I think with the election of donald trump as the president of the US, we can expect a lot about the future of bitcopin after trump's inauguration. because it is likely that trump will make policies that support bitcoin and crypto currency.
I don't care about the IMF because big countries like the US don't depend on the IMF so it is likely that bitcoin will still have a good future.
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I think with the election of donald trump as the president of the US, we can expect a lot about the future of bitcopin after trump's inauguration. because it is likely that trump will make policies that support bitcoin and crypto currency.
I don't care about the IMF because big countries like the US don't depend on the IMF so it is likely that bitcoin will still have a good future.
IMF can only threaten small nations dependent on IMF loans, but the IMF couldn't even threaten El Salvador when the country wanted to adopt BTC. Trump's actions in the coming year could create a big wave on the world and make a positive impact on the crypto market.
Currently, Russia is actively adopting crypto payments and mining BTC. I think China and many other countries will soon follow suit. We are entering a race to adopt crypto for the national economy. When no government wants to continue suppressing this market, crypto will develop strongly on its own!
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Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.
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Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.
yeah in the past the government has banned bitcoin and crypto but it turned out to fail because bitcoin is getting more [popular and supported by big investors. Because they are interested in the decentralization of the system. Moreover, currently the US president-elect supports crypto, and trump promises to make good policies for the development of crypto.
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Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.
yeah in the past the government has banned bitcoin and crypto but it turned out to fail because bitcoin is getting more [popular and supported by big investors. Because they are interested in the decentralization of the system. Moreover, currently the US president-elect supports crypto, and trump promises to make good policies for the development of crypto.
Sustainable technological innovation is sometimes about adjusting untimely to changes ever present in society. It is also the reason why, when seeing the emergence of the financial system for new solutions that include blockchain technology in Bitcoins in terms of openness and transparency, for example, one wants to find out more. The support received from many governmental parties proves the truth that big shifts are possible and always need cooperation and confidence. In this case, tentative steps to Coyote the mechanisms and the benefits afforded are part of the shared process so that this technology means something for the many and does not cause harm to them. When this synergy is achieved, there is higher chance of fostering a symbiotic relationship that leads to improved society benefits from such team up.
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Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.
Currently, governments are still searching for more effective ways to regulate crypto, and they are targeting mixers because mixers can make it more difficult to track dirty money. Politicians always justify this suppression with inaccurate accusations about crypto being abused for money laundering purposes.
Mixers still have their own ways to survive because they are just protocols and can easily operate on a global scale. I find it quite interesting to follow the technological and legal race between governments and mixers.
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Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.
Currently, governments are still searching for more effective ways to regulate crypto, and they are targeting mixers because mixers can make it more difficult to track dirty money. Politicians always justify this suppression with inaccurate accusations about crypto being abused for money laundering purposes.
Mixers still have their own ways to survive because they are just protocols and can easily operate on a global scale. I find it quite interesting to follow the technological and legal race between governments and mixers.
Honestly, the more advanced a technology is, the government will not be able to regulate it because mixer technology is difficult to track and this is what makes the government afraid that this technology can be misused for money laundering.
but that is the danger of a technology and not only in crypto we see misuse for money laundering, money laundering also occurs in FIAT
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Honestly, the more advanced a technology is, the government will not be able to regulate it because mixer technology is difficult to track and this is what makes the government afraid that this technology can be misused for money laundering.
but that is the danger of a technology and not only in crypto we see misuse for money laundering, money laundering also occurs in FIAT
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The government often bans what they cannot control, citing the protection of citizens as a reason, but in reality, they cannot ban fiat even though fiat is the preferred money laundering tool for criminals. The technology behind mixers is not overly complex; it's just not easily attacked or stopped, and it can make police investigations more difficult or even halt them permanently.
I think the government's war on crypto has turned into a race to accept crypto and regulate mixers. The world has changed in the last 15 years, perhaps it's time for crypto to be regulated like the internet.
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Actually government have power to make bitcoin or cryptocurrency get down, but few moment awhile behind bitcoin and altcoin price get easily recovery back to higher price. I can comparison when China banned bitcoin as transaction in their country and make bitcoin get significant decreasing, without waiting more longer time bitcoin success recovering back to higher price and reach most expensive price before banned by China.
Although government have power crack down cryptocurrency but they can't controlling bitcoin or altcoin price keep going down forever, have dominance by investor hold bitcoin and altcoin assets make difficult for government to crack down.
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Actually government have power to make bitcoin or cryptocurrency get down, but few moment awhile behind bitcoin and altcoin price get easily recovery back to higher price. I can comparison when China banned bitcoin as transaction in their country and make bitcoin get significant decreasing, without waiting more longer time bitcoin success recovering back to higher price and reach most expensive price before banned by China.
Although government have power crack down cryptocurrency but they can't controlling bitcoin or altcoin price keep going down forever, have dominance by investor hold bitcoin and altcoin assets make difficult for government to crack down.
That incident has proven that the power of bitcoin cannot be controlled by the government, because the crypto market will play its role. Investors still have great power to raise the price of bitcoin even though the government attacks with negative issues. And finally the government realized that technology cannot be rejected, the government began to accept bitcoin and allow its citizens to invest in bitcoin.
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Actually government have power to make bitcoin or cryptocurrency get down, but few moment awhile behind bitcoin and altcoin price get easily recovery back to higher price. I can comparison when China banned bitcoin as transaction in their country and make bitcoin get significant decreasing, without waiting more longer time bitcoin success recovering back to higher price and reach most expensive price before banned by China.
Although government have power crack down cryptocurrency but they can't controlling bitcoin or altcoin price keep going down forever, have dominance by investor hold bitcoin and altcoin assets make difficult for government to crack down.
That incident has proven that the power of bitcoin cannot be controlled by the government, because the crypto market will play its role. Investors still have great power to raise the price of bitcoin even though the government attacks with negative issues. And finally the government realized that technology cannot be rejected, the government began to accept bitcoin and allow its citizens to invest in bitcoin.
Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.
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Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.
Not only BTC, but many other altcoins also have a sufficient level of decentralization and mixers to escape the full control of governments. Privacy coins were created for this purpose but have not been able to develop strongly as they have been delisted from CEXs, fortunately, BTC has not developed in this direction.
With the strong development and widespread acceptance of crypto currently, we have been able to see the surrender of governments in their plans to suppress crypto. We are waiting for the plans and level of crypto adoption in each country to be able to envision the future of this market. BTC may need more time to reach the Gold marketcap, but the total crypto marketcap will soon catch up and surpass it.
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Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.
Not only BTC, but many other altcoins also have a sufficient level of decentralization and mixers to escape the full control of governments. Privacy coins were created for this purpose but have not been able to develop strongly as they have been delisted from CEXs, fortunately, BTC has not developed in this direction.
With the strong development and widespread acceptance of crypto currently, we have been able to see the surrender of governments in their plans to suppress crypto. We are waiting for the plans and level of crypto adoption in each country to be able to envision the future of this market. BTC may need more time to reach the Gold marketcap, but the total crypto marketcap will soon catch up and surpass it.
Majority of the alts are weak to government regulations and this makes them porous and fully controlled to suit the government policies and this has been the reasons why it seems like there is no more privacy in Crypto transactions due to the involvement of agencies as instructed by the government. However, Bitcoin remains unregulated and I do not think it would be regulated by the government anytime soonest.
A gradual global adoption is what it will take to surpress government actions against Bitcoin and crypto as a whole. If the whole countries in the world finally adopts Bitcoin and crypto as a whole, I believe the regulations would be minimal because it has become a popular thing and has been incorporated into government institutions of various nations so it would not be hard to detect anything if they want to.
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Majority of the alts are weak to government regulations and this makes them porous and fully controlled to suit the government policies and this has been the reasons why it seems like there is no more privacy in Crypto transactions due to the involvement of agencies as instructed by the government. However, Bitcoin remains unregulated and I do not think it would be regulated by the government anytime soonest.
A gradual global adoption is what it will take to surpress government actions against Bitcoin and crypto as a whole. If the whole countries in the world finally adopts Bitcoin and crypto as a whole, I believe the regulations would be minimal because it has become a popular thing and has been incorporated into government institutions of various nations so it would not be hard to detect anything if they want to.
I don't think the government can interfere with the Eth or Ada blockchain as everything is managed in a decentralized manner and the network is maintained by hundreds or thousands of decentralized nodes globally. CEXs are only a part of the market, investors can completely choose to use DEXs and the government will not be able to touch their accounts.
I look forward to a detailed legal framework for crypto to avoid creating doubts and confusion among investors and projects. Clarity is needed for crypto companies to register, for teams to have guidelines to launch projects... I don't like MiCA because it lacks specificity, perhaps it is still in the process of being tested and adjusted to suit this new market.
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Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.
Not only BTC, but many other altcoins also have a sufficient level of decentralization and mixers to escape the full control of governments. Privacy coins were created for this purpose but have not been able to develop strongly as they have been delisted from CEXs, fortunately, BTC has not developed in this direction.
With the strong development and widespread acceptance of crypto currently, we have been able to see the surrender of governments in their plans to suppress crypto. We are waiting for the plans and level of crypto adoption in each country to be able to envision the future of this market. BTC may need more time to reach the Gold marketcap, but the total crypto marketcap will soon catch up and surpass it.
Majority of the alts are weak to government regulations and this makes them porous and fully controlled to suit the government policies and this has been the reasons why it seems like there is no more privacy in Crypto transactions due to the involvement of agencies as instructed by the government. However, Bitcoin remains unregulated and I do not think it would be regulated by the government anytime soonest.
A gradual global adoption is what it will take to surpress government actions against Bitcoin and crypto as a whole. If the whole countries in the world finally adopts Bitcoin and crypto as a whole, I believe the regulations would be minimal because it has become a popular thing and has been incorporated into government institutions of various nations so it would not be hard to detect anything if they want to.
Actually, the government wants to be able to regulate bitcoin but in reality bitcoin cannot be regulated. Bitcoin has been adopted by many people so the government is forced to accept bitcoin because they have to make regulations for their citizens.
And the government takes advantage of local exchanges by imposing taxes on bitcoin and altcoin transactions.
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Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.
Not only BTC, but many other altcoins also have a sufficient level of decentralization and mixers to escape the full control of governments. Privacy coins were created for this purpose but have not been able to develop strongly as they have been delisted from CEXs, fortunately, BTC has not developed in this direction.
With the strong development and widespread acceptance of crypto currently, we have been able to see the surrender of governments in their plans to suppress crypto. We are waiting for the plans and level of crypto adoption in each country to be able to envision the future of this market. BTC may need more time to reach the Gold marketcap, but the total crypto marketcap will soon catch up and surpass it.
Majority of the alts are weak to government regulations and this makes them porous and fully controlled to suit the government policies and this has been the reasons why it seems like there is no more privacy in Crypto transactions due to the involvement of agencies as instructed by the government. However, Bitcoin remains unregulated and I do not think it would be regulated by the government anytime soonest.
A gradual global adoption is what it will take to surpress government actions against Bitcoin and crypto as a whole. If the whole countries in the world finally adopts Bitcoin and crypto as a whole, I believe the regulations would be minimal because it has become a popular thing and has been incorporated into government institutions of various nations so it would not be hard to detect anything if they want to.
Actually, the government wants to be able to regulate bitcoin but in reality bitcoin cannot be regulated. Bitcoin has been adopted by many people so the government is forced to accept bitcoin because they have to make regulations for their citizens.
And the government takes advantage of local exchanges by imposing taxes on bitcoin and altcoin transactions.
The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.
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The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.
We know and the government has also realized that BTC is not controlled or managed by anyone, BTC is operated by thousands of decentralized nodes and all the government can do is accept and enact regulations to manage this new asset.
The government is approaching CEXs to be able to request them to provide transaction data of users or freeze their accounts when necessary to serve the criminal investigation process. Governments are also attacking mixers more aggressively with the goal of limiting money laundering activities. I don't like this but we also have to accept that fact so that BTC and crypto can continue to grow and move forward.
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The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.
You are right that no one can intervene in bitcoin, but when making an exchange on a local exchange, the government can work with the local exchange to find out the identity of the users. However, if we make a legal transaction, I don't think there is a problem. And I have also been making exchanges on local exchanges without any problems and it's safe.
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The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.
You are right that no one can intervene in bitcoin, but when making an exchange on a local exchange, the government can work with the local exchange to find out the identity of the users. However, if we make a legal transaction, I don't think there is a problem. And I have also been making exchanges on local exchanges without any problems and it's safe.
As long as we do the transaction correctly and there is no harm to certain parties or possible misuse, there is actually no problem making an exchange on a local exchange, Because even if our identity is known, we are still safe because we make transactions according to the rules that have been imposed, and we have followed all the rules correctly and legally.
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As long as we do the transaction correctly and there is no harm to certain parties or possible misuse, there is actually no problem making an exchange on a local exchange, Because even if our identity is known, we are still safe because we make transactions according to the rules that have been imposed, and we have followed all the rules correctly and legally.
The issue isn't as simple as that because governments have many reasons to freeze user transactions when they feel it's necessary. A classic example is the funding for truckers in Canada when they protested an unreasonable government decision. I don't think the government acted correctly in this case.
Governments are also just groups of people and they can make mistakes in many situations. Crypto can help users escape that control. Even the US president can't stop me from moving my ETH and BTC, that's the freedom we're aiming for :)
Of course, the law should still be respected but sometimes we also need to be prepared for situations that require absolute anonymity and absolute freedom.
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Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.
Not only BTC, but many other altcoins also have a sufficient level of decentralization and mixers to escape the full control of governments. Privacy coins were created for this purpose but have not been able to develop strongly as they have been delisted from CEXs, fortunately, BTC has not developed in this direction.
With the strong development and widespread acceptance of crypto currently, we have been able to see the surrender of governments in their plans to suppress crypto. We are waiting for the plans and level of crypto adoption in each country to be able to envision the future of this market. BTC may need more time to reach the Gold marketcap, but the total crypto marketcap will soon catch up and surpass it.
Majority of the alts are weak to government regulations and this makes them porous and fully controlled to suit the government policies and this has been the reasons why it seems like there is no more privacy in Crypto transactions due to the involvement of agencies as instructed by the government. However, Bitcoin remains unregulated and I do not think it would be regulated by the government anytime soonest.
A gradual global adoption is what it will take to surpress government actions against Bitcoin and crypto as a whole. If the whole countries in the world finally adopts Bitcoin and crypto as a whole, I believe the regulations would be minimal because it has become a popular thing and has been incorporated into government institutions of various nations so it would not be hard to detect anything if they want to.
Actually, the government wants to be able to regulate bitcoin but in reality bitcoin cannot be regulated. Bitcoin has been adopted by many people so the government is forced to accept bitcoin because they have to make regulations for their citizens.
And the government takes advantage of local exchanges by imposing taxes on bitcoin and altcoin transactions.
The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.
Yes Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.
Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.
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Yes Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.
Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.
The government can only control and supervise transactions on local exchanges, so for me it is okay. As long as we do legal transactions, the government will not suspect us and some countries already allow their citizens to invest in crypto. The government only takes taxes from our transactions, so I think we are helping the country's income.
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Yes Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.
Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.
The government can only control and supervise transactions on local exchanges, so for me it is okay. As long as we do legal transactions, the government will not suspect us and some countries already allow their citizens to invest in crypto. The government only takes taxes from our transactions, so I think we are helping the country's income.
Of course the taxes and revenues collected from CEX as a result of Crypto transactions of their nationals are used for developmental purposes such as infrastructural development, provision of basic amenities, welfare of the citizens and lots more which is of huge benefit to the country. All these taxes are collected from local exchanges trading on any of the jurisdictions that charges for their business coexistence. So you are right saying that the taxes collected helps the government alot.
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Yes Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.
Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.
The government can only control and supervise transactions on local exchanges, so for me it is okay. As long as we do legal transactions, the government will not suspect us and some countries already allow their citizens to invest in crypto. The government only takes taxes from our transactions, so I think we are helping the country's income.
Of course the taxes and revenues collected from CEX as a result of Crypto transactions of their nationals are used for developmental purposes such as infrastructural development, provision of basic amenities, welfare of the citizens and lots more which is of huge benefit to the country. All these taxes are collected from local exchanges trading on any of the jurisdictions that charges for their business coexistence. So you are right saying that the taxes collected helps the government alot.
We should be grateful because the government has accepted and allowed its citizens to transact crypto on local exchanges, even though we are monitored and taxed. but we feel safe and taxes are used for development by the government. and this is a good thing that we can do by supporting the government to get taxes from our transactions.
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We should be grateful because the government has accepted and allowed its citizens to transact crypto on local exchanges, even though we are monitored and taxed. but we feel safe and taxes are used for development by the government. and this is a good thing that we can do by supporting the government to get taxes from our transactions.
The government is created by the people and they are paid with the people's tax money to serve the people. We don't need to be grateful to the government because they are just doing their job, even though they are a bit slow and have caused us to miss many opportunities to invest in BTC at a low price.
According to the law, when the legal framework is issued, investors will need to pay taxes on profits from crypto, in return, they will be protected in many cases of fraud in this market. This will encourage more active participation from investors and crypto will develop more strongly thanks to the new cash flow.
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Yes Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.
Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.
The government can only control and supervise transactions on local exchanges, so for me it is okay. As long as we do legal transactions, the government will not suspect us and some countries already allow their citizens to invest in crypto. The government only takes taxes from our transactions, so I think we are helping the country's income.
Of course the taxes and revenues collected from CEX as a result of Crypto transactions of their nationals are used for developmental purposes such as infrastructural development, provision of basic amenities, welfare of the citizens and lots more which is of huge benefit to the country. All these taxes are collected from local exchanges trading on any of the jurisdictions that charges for their business coexistence. So you are right saying that the taxes collected helps the government alot.
We should be grateful because the government has accepted and allowed its citizens to transact crypto on local exchanges, even though we are monitored and taxed. but we feel safe and taxes are used for development by the government. and this is a good thing that we can do by supporting the government to get taxes from our transactions.
It is nice that the government has accepted Crypto transactions and also allowing for establishment of Local exchanges as that would help them be able to trace and monitor transactions as it pleases them. Also, taxes would be collected from transactions and also other benefits as it is due them because it would help in the national development just like I have said in my previous post.
The Crypto exchanges also do their own part by supporting the government through compliance and other regulatory observations they undergo just to meet up with the government request.
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It is nice that the government has accepted Crypto transactions and also allowing for establishment of Local exchanges as that would help them be able to trace and monitor transactions as it pleases them. Also, taxes would be collected from transactions and also other benefits as it is due them because it would help in the national development just like I have said in my previous post.
The Crypto exchanges also do their own part by supporting the government through compliance and other regulatory observations they undergo just to meet up with the government request.
Local exchanges are where we exchange crypto to FIAT and in local exchanges the government can control crypto transactions, so the possibility of crypto misuse in local exchanges is very small. However, the government cannot control crypto transactions in global exchanges, this is what sometimes makes the government have concerns about the misuse of crypto for illegal activities.
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Local exchanges are where we exchange crypto to FIAT and in local exchanges the government can control crypto transactions, so the possibility of crypto misuse in local exchanges is very small. However, the government cannot control crypto transactions in global exchanges, this is what sometimes makes the government have concerns about the misuse of crypto for illegal activities.
NO, government can't control the transaction in local exchanges. The government only applies the regulation that can bring advantage for them. Sure, the government can minimize the negative issues on local exchanges because the local exchanges must obey certain regulation.
For the global exchanges, the government has no way to intervene them. However, the government can restrict access to global exchanges.
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NO, government can't control the transaction in local exchanges. The government only applies the regulation that can bring advantage for them. Sure, the government can minimize the negative issues on local exchanges because the local exchanges must obey certain regulation.
For the global exchanges, the government has no way to intervene them. However, the government can restrict access to global exchanges.
If a government launches and manages the CEX itself, it will have full control over the transactions on it, and this is a common trend in many countries that have just accepted crypto. For CEXs that do not belong to the government, they still have to comply with regulations on providing user information when requested by the court.
Restricting people's access to global CEXs is not really common, as people can still use VPNs to invest if they really need to. A wiser action would be for the government to license that CEX and then collect taxes from their profits.
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It is nice that the government has accepted Crypto transactions and also allowing for establishment of Local exchanges as that would help them be able to trace and monitor transactions as it pleases them. Also, taxes would be collected from transactions and also other benefits as it is due them because it would help in the national development just like I have said in my previous post.
The Crypto exchanges also do their own part by supporting the government through compliance and other regulatory observations they undergo just to meet up with the government request.
Local exchanges are where we exchange crypto to FIAT and in local exchanges the government can control crypto transactions, so the possibility of crypto misuse in local exchanges is very small. However, the government cannot control crypto transactions in global exchanges, this is what sometimes makes the government have concerns about the misuse of crypto for illegal activities.
I believe before one purchase Crypto on exchange, they must have funded their own account with their local exchange or bank account so they could be able to transfer or make payment for their Crypto deal and mind you the both local and global exchanges are both regulated then why should the government be afraid of misuse of Crypto transactions when they already have control over the local exchange from which money was converted into payment for Crypto because from that moment, such account would be under observations for possible illegal activities.
Already the global exchange also have sophisticated means of detecting illegal or suspicious transactions that would dent their image and in so doing, they report such to the government where such account holder is from for necessary actions to be taken. I believe the government radars are quite alert at all levels watching and monitoring transactions with the help of both the local and international exchange so nothing escapes the wrath of the law when it is necessary.
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NO, government can't control the transaction in local exchanges. The government only applies the regulation that can bring advantage for them. Sure, the government can minimize the negative issues on local exchanges because the local exchanges must obey certain regulation.
For the global exchanges, the government has no way to intervene them. However, the government can restrict access to global exchanges.
If a government launches and manages the CEX itself, it will have full control over the transactions on it, and this is a common trend in many countries that have just accepted crypto. For CEXs that do not belong to the government, they still have to comply with regulations on providing user information when requested by the court.
Restricting people's access to global CEXs is not really common, as people can still use VPNs to invest if they really need to. A wiser action would be for the government to license that CEX and then collect taxes from their profits.
The government should allow CEX by taking taxes from its transactions. because bitcoin has been banned in the past, but the end result is that bitcoin is getting more popular and more people are interested in it. p, the government must realize that fighting against technological progress cannot be done because many of its citizens love investments that can get high profits in crypto.
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The government should allow CEX by taking taxes from its transactions. because bitcoin has been banned in the past, but the end result is that bitcoin is getting more popular and more people are interested in it. p, the government must realize that fighting against technological progress cannot be done because many of its citizens love investments that can get high profits in crypto.
After the US elections, politicians realized that opposing crypto doesn't benefit them, and that hostile attitude only makes them lose votes to crypto-supporting politicians. Now, governments are looking to adopt crypto, but I'm worried that they'll try to appease crypto investors while still protecting the position of fiat in the economy.
The operations of crypto companies, including CEXs, could potentially help governments solve many problems related to tax revenue, labor, energy, and real estate. If governments can overcome their fear of fiat devaluation, they will be more proactive in accepting crypto!
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Yes, they can in some aspect. They can control all centralized exchanges and crypto borrower platforms. But the will be still a way how to go around the system and find a way to exchange the money, send money without any government consequences ...as it is now with paying tax.
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Yes, they can in some aspect. They can control all centralized exchanges and crypto borrower platforms. But the will be still a way how to go around the system and find a way to exchange the money, send money without any government consequences ...as it is now with paying tax.
They can act up on some things and force centralized entities to do something accordingly, but they are not able to get a hold of them completely.
So there is a limit to their power, of course.
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The government should allow CEX by taking taxes from its transactions. because bitcoin has been banned in the past, but the end result is that bitcoin is getting more popular and more people are interested in it. p, the government must realize that fighting against technological progress cannot be done because many of its citizens love investments that can get high profits in crypto.
The taxes collected from the CEX are enough for the government to allow them to do their work as they benefit from it. The world is fast advancing and currently, it is a digital era coupled with strong and sophisticated technology that can not be fully resisted by anybody because we are in the digital age and by so doing, there are lots of benefits attached to it and as a matter of fact, we are currently seeing the benefits of bitcoin and crypto to the world at large as it has turned a major investment and a store of value for many nations and individuals globally. Cracking down on crypto would be a bit difficult as there are lots of benefits attached to its adoption and existence.
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Yes, they can in some aspect. They can control all centralized exchanges and crypto borrower platforms. But the will be still a way how to go around the system and find a way to exchange the money, send money without any government consequences ...as it is now with paying tax.
As it seems, more than 70% of population of users rely on centralized exchanges, study has shown that a Binance user has atleast two more accounts on other centralized exchanges. If the government decide to do operations "control" every centralized exchanges, it's going to be a disaster especially if threaten ban from places they make huge revenue.
I know some people will say that's not possible right now or it can't happen now but it doesn't mean they can't pull such on us. This is why building decentralization should be forever development, not just centralized things.
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NO, government can't control the transaction in local exchanges. The government only applies the regulation that can bring advantage for them. Sure, the government can minimize the negative issues on local exchanges because the local exchanges must obey certain regulation.
For the global exchanges, the government has no way to intervene them. However, the government can restrict access to global exchanges.
If a government launches and manages the CEX itself, it will have full control over the transactions on it, and this is a common trend in many countries that have just accepted crypto. For CEXs that do not belong to the government, they still have to comply with regulations on providing user information when requested by the court.
Restricting people's access to global CEXs is not really common, as people can still use VPNs to invest if they really need to. A wiser action would be for the government to license that CEX and then collect taxes from their profits.
The government should allow CEX by taking taxes from its transactions. because bitcoin has been banned in the past, but the end result is that bitcoin is getting more popular and more people are interested in it. p, the government must realize that fighting against technological progress cannot be done because many of its citizens love investments that can get high profits in crypto.
It seems you are right that technological progress is inevitable and everyone must be able to adjust to this progress. So is the progress with crypto, where many countries have been able to accept it and not a few have no accepted it, but it is adjusted to the situation of their own country. But it is indeed very unfortunate if you cannot accept crypto as an investment because many are helped by it and of course it is useful for its people.
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As it seems, more than 70% of population of users rely on centralized exchanges, study has shown that a Binance user has atleast two more accounts on other centralized exchanges. If the government decide to do operations "control" every centralized exchanges, it's going to be a disaster especially if threaten ban from places they make huge revenue.
I know some people will say that's not possible right now or it can't happen now but it doesn't mean they can't pull such on us. This is why building decentralization should be forever development, not just centralized things.
When governments understand the role and value of crypto, they have no reason to ban CEXs, unless they want to develop their own CEXs to collect both taxes and transaction fees like they are currently operating some stock exchanges. From an economic profit perspective, large CEXs will attract more users and generate more tax revenue for governments. I never believe in the efficiency of state-owned companies, they often report losses despite monopolizing many sectors in the economy :)
DEXs have existed in the market steadily, it will be the future of crypto but cannot replace CEXs. We have discussed this in many other topics, in short, CEXs are where ordinary investors can also easily participate in the crypto market without having to understand how to use blockchain.
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As it seems, more than 70% of population of users rely on centralized exchanges, study has shown that a Binance user has atleast two more accounts on other centralized exchanges. If the government decide to do operations "control" every centralized exchanges, it's going to be a disaster especially if threaten ban from places they make huge revenue.
I know some people will say that's not possible right now or it can't happen now but it doesn't mean they can't pull such on us. This is why building decentralization should be forever development, not just centralized things.
When governments understand the role and value of crypto, they have no reason to ban CEXs, unless they want to develop their own CEXs to collect both taxes and transaction fees like they are currently operating some stock exchanges. From an economic profit perspective, large CEXs will attract more users and generate more tax revenue for governments. I never believe in the efficiency of state-owned companies, they often report losses despite monopolizing many sectors in the economy :)
DEXs have existed in the market steadily, it will be the future of crypto but cannot replace CEXs. We have discussed this in many other topics, in short, CEXs are where ordinary investors can also easily participate in the crypto market without having to understand how to use blockchain.
It's like talking about Bitcoin and centralized (in nature) coins - there is no need to cross one or the other from the equation, they exist together and won't be able to do that yet, and they don't need to, really. Both have their cases.
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Local exchanges are where we exchange crypto to FIAT and in local exchanges the government can control crypto transactions, so the possibility of crypto misuse in local exchanges is very small. However, the government cannot control crypto transactions in global exchanges, this is what sometimes makes the government have concerns about the misuse of crypto for illegal activities.
NO, government can't control the transaction in local exchanges. The government only applies the regulation that can bring advantage for them. Sure, the government can minimize the negative issues on local exchanges because the local exchanges must obey certain regulation.
For the global exchanges, the government has no way to intervene them. However, the government can restrict access to global exchanges.
Actually, the purpose of the government making regulations that require transactions on local exchanges is not to intervene, and I agree with that, but the government can monitor if there are those who are considered to have violated the rules. They can provide protection, so, as you also said that it can minimize negative problems that occur on local exchanges. True, if it is on a global exchange it will be difficult to do anything because the government does not have authorization.
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It's like talking about Bitcoin and centralized (in nature) coins - there is no need to cross one or the other from the equation, they exist together and won't be able to do that yet, and they don't need to, really. Both have their cases.
I think most tokens operate on a public blockchain and have a fairly good degree of decentralization, the consensus protocol usually ensures that the data recorded on the blockchain is independent and cannot be manipulated. I don't like fiat or centralized tokens because they don't belong in this crypto market.
Governments would prefer a centralized asset like CBDC, that's why they once introduced CBDC to eliminate crypto but they failed. No one wants to use or trust government CBDCs. We can only trust BTC and top altcoins because they are managed by the community rather than a few government members.
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It's like talking about Bitcoin and centralized (in nature) coins - there is no need to cross one or the other from the equation, they exist together and won't be able to do that yet, and they don't need to, really. Both have their cases.
I think most tokens operate on a public blockchain and have a fairly good degree of decentralization, the consensus protocol usually ensures that the data recorded on the blockchain is independent and cannot be manipulated. I don't like fiat or centralized tokens because they don't belong in this crypto market.
Governments would prefer a centralized asset like CBDC, that's why they once introduced CBDC to eliminate crypto but they failed. No one wants to use or trust government CBDCs. We can only trust BTC and top altcoins because they are managed by the community rather than a few government members.
Say it to digital yuan, you can't be wrong when there are restrictions for everything else going at full speed ;D But I agree.
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I believe they can, they just have to put some restrictions in place and all the channels we currently have are gone. Only thing is, I don't think they have the motivation to do this, at least not yet.
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Say it to digital yuan, you can't be wrong when there are restrictions for everything else going at full speed ;D But I agree.
China is continuing to test their e-CNY but the global community seems to have lost interest. CBDC appears to have been killed off on a global scale as the US has stopped mentioning it. CBDC requires incredibly complex new management mechanisms that are simply impossible at present, it simply cannot exist while guaranteeing the interests of commercial banks.
CBDC is seen as a failed attempt by governments to suppress and replace crypto. Now governments are looking to accept and adopt crypto, which is a huge win for crypto and all of us.
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I believe they can, they just have to put some restrictions in place and all the channels we currently have are gone. Only thing is, I don't think they have the motivation to do this, at least not yet.
They would - but some of them are tied up to crypto already.
If they would see a threat in it for themselves, they would gladly harshen their regulations so that ordinary people would have problems with some things, especially on CEXes.
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They would - but some of them are tied up to crypto already.
If they would see a threat in it for themselves, they would gladly harshen their regulations so that ordinary people would have problems with some things, especially on CEXes.
Some governments have seen the potential and value of the crypto market for the economy and the national budget, so they have shifted from suppression to acceptance and taxation. Usually, when this happens, governments no longer have the need to suppress crypto, they understand that crypto does not threaten the status of fiat.
Self-regulating a CEX under government control is just a way for the government to collect transaction fees and easily have enough data on investor profits to tax more easily. KYC is also a way for them to control the risks of money laundering that can be carried out by criminals.
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They would - but some of them are tied up to crypto already.
If they would see a threat in it for themselves, they would gladly harshen their regulations so that ordinary people would have problems with some things, especially on CEXes.
Some governments have seen the potential and value of the crypto market for the economy and the national budget, so they have shifted from suppression to acceptance and taxation. Usually, when this happens, governments no longer have the need to suppress crypto, they understand that crypto does not threaten the status of fiat.
Self-regulating a CEX under government control is just a way for the government to collect transaction fees and easily have enough data on investor profits to tax more easily. KYC is also a way for them to control the risks of money laundering that can be carried out by criminals.
With the developments that have occurred and technology is also developing, most governments have begun to open themselves up to being able to accept crypto where there are more benefits that can be obtained than losses that will occur.
Because so far, crypto will not interfere with fiat activities because they have very different needs in society and can actually synergize with each other.
You are right that there are benefits that the government can take by freeing up transactions on local exchanges so that they can reap taxes that can be received from every transaction that occurs on the exchange.
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With the developments that have occurred and technology is also developing, most governments have begun to open themselves up to being able to accept crypto where there are more benefits that can be obtained than losses that will occur.
Because so far, crypto will not interfere with fiat activities because they have very different needs in society and can actually synergize with each other.
You are right that there are benefits that the government can take by freeing up transactions on local exchanges so that they can reap taxes that can be received from every transaction that occurs on the exchange.
It seems that crypto and FIAT can coexist because both perform their respective functions, and it seems that many governments in each country have begun to understand this.
I also agree with you that investing in crypto brings more profit than loss, because I have also made a lot of profit from crypto. As long as we focus and are patient, we will get the results.
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They would - but some of them are tied up to crypto already.
If they would see a threat in it for themselves, they would gladly harshen their regulations so that ordinary people would have problems with some things, especially on CEXes.
Some governments have seen the potential and value of the crypto market for the economy and the national budget, so they have shifted from suppression to acceptance and taxation. Usually, when this happens, governments no longer have the need to suppress crypto, they understand that crypto does not threaten the status of fiat.
Self-regulating a CEX under government control is just a way for the government to collect transaction fees and easily have enough data on investor profits to tax more easily. KYC is also a way for them to control the risks of money laundering that can be carried out by criminals.
As I said - they just have their hands on it already.
And if needed - they would go in more ways to make people's time on centralized platforms worse. As well as to demand more from ordinary users.
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With the developments that have occurred and technology is also developing, most governments have begun to open themselves up to being able to accept crypto where there are more benefits that can be obtained than losses that will occur.
Because so far, crypto will not interfere with fiat activities because they have very different needs in society and can actually synergize with each other.
You are right that there are benefits that the government can take by freeing up transactions on local exchanges so that they can reap taxes that can be received from every transaction that occurs on the exchange.
Now we rarely mention crypto-currency but often just say crypto, meaning tokens are new assets, not a means of payment competing with fiat in the economy. This also makes governments more reassured about the role of fiat and their power.
CEXs are an attractive option for governments in terms of both management and revenue, but I don't like CEXs under the management of governments. I'm afraid that it will just be a tool for governments to manipulate the domestic crypto market. I will still choose global CEXs even if it takes more effort to declare taxes in the future.
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I would like to know your views on the acts of repression of the crypto market:
Can crypto continue to thrive without the support of governments?
Do you think governments can suppress and restrain the crypto market with their power?
If you were the head of government, would you accept or reject the crypto opportunity for your country?
- It is very possible, especially if the cryptocurrency is included in a Centralized Exchange, for example Binance, which I once read information that a user from Russia had his account frozen due to the war with Ukraine
- SEC is an example of a government that suppresses and restrains with its power against the cryptocurrency community
- It would be a difficult choice for me if I were the head of government because on the one hand I have to see between the opportunities and threats of cryptocurrency itself to the wider community, almost all of whom are still unfamiliar with cryptocurrency
That is my answer to the Op who created this topic, I think the reply to this topic is purely from my experience in the cryptocurrency space so far.
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- It is very possible, especially if the cryptocurrency is included in a Centralized Exchange, for example Binance, which I once read information that a user from Russia had his account frozen due to the war with Ukraine
- SEC is an example of a government that suppresses and restrains with its power against the cryptocurrency community
- It would be a difficult choice for me if I were the head of government because on the one hand I have to see between the opportunities and threats of cryptocurrency itself to the wider community, almost all of whom are still unfamiliar with cryptocurrency
That is my answer to the Op who created this topic, I think the reply to this topic is purely from my experience in the cryptocurrency space so far.
Many Russians have been restricted from using Binance, and many other CEXs have even frozen Russian accounts after the war broke out in 2022. I don't like this very much, crypto is decentralized and investors should not be punished by the government's mistakes.
The SEC created a chaotic period in crypto history, fortunately they were stopped by the victory of President Trump. You can refer to his crypto strategy: the effective way to protect people from the risks of bad actors in the crypto market is not to ban crypto, but to educate crypto so that people understand its potential correctly.
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Now we rarely mention crypto-currency but often just say crypto, meaning tokens are new assets, not a means of payment competing with fiat in the economy. This also makes governments more reassured about the role of fiat and their power.
CEXs are an attractive option for governments in terms of both management and revenue, but I don't like CEXs under the management of governments. I'm afraid that it will just be a tool for governments to manipulate the domestic crypto market. I will still choose global CEXs even if it takes more effort to declare taxes in the future.
I wouldn't say CEXes are under their wing, more like they are obliged to comply if needed.
In other cases, they may do things their own way, and pay some of the fees back to the house (government).
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It seems that crypto and FIAT can coexist because both perform their respective functions, and it seems that many governments in each country have begun to understand this.
I also agree with you that investing in crypto brings more profit than loss, because I have also made a lot of profit from crypto. As long as we focus and are patient, we will get the results.
I agree, they should both be made to cover each other's shortcomings, so that they can synergize for the progress of the government that can accept crypto to be side by side with fiat.
So far, crypto has indeed provided useful results for those who invest in it, because investing in crypto is very profitable for investors and also profitable for the government because it can collect taxes on every transaction that occurs on the local exchange.
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It seems that crypto and FIAT can coexist because both perform their respective functions, and it seems that many governments in each country have begun to understand this.
I also agree with you that investing in crypto brings more profit than loss, because I have also made a lot of profit from crypto. As long as we focus and are patient, we will get the results.
I agree, they should both be made to cover each other's shortcomings, so that they can synergize for the progress of the government that can accept crypto to be side by side with fiat.
So far, crypto has indeed provided useful results for those who invest in it, because investing in crypto is very profitable for investors and also profitable for the government because it can collect taxes on every transaction that occurs on the local exchange.
Yep Crypto is very beneficial for its investors and also provides income for the government, because the government can take taxes from crypto transactions on the local exchange. Both Crypto and Fiat both play an important role for us, because in the future Crypto will be very popular and the technology is needed
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It seems that crypto and FIAT can coexist because both perform their respective functions, and it seems that many governments in each country have begun to understand this.
I also agree with you that investing in crypto brings more profit than loss, because I have also made a lot of profit from crypto. As long as we focus and are patient, we will get the results.
I agree, they should both be made to cover each other's shortcomings, so that they can synergize for the progress of the government that can accept crypto to be side by side with fiat.
So far, crypto has indeed provided useful results for those who invest in it, because investing in crypto is very profitable for investors and also profitable for the government because it can collect taxes on every transaction that occurs on the local exchange.
Yep. They are yin and yang from their appropriate worlds.
Noone would be able to make one go extinct over the other overall.
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Yep Crypto is very beneficial for its investors and also provides income for the government, because the government can take taxes from crypto transactions on the local exchange. Both Crypto and Fiat both play an important role for us, because in the future Crypto will be very popular and the technology is needed
For now, we are still focusing on crypto and crypto taxes. The value of blockchain for education, supply chain, healthcare, etc. has not been fully explored yet. It's a new era that we will soon enter, helping to maximize the power of the internet, I believe so.
Blockchain needs crypto and the current acceptance of crypto is necessary for us to be able to apply blockchain in the future for businesses and governments. For now, I'm also just focusing on making profits from crypto instead of learning how to use the power of blockchain.
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- It is very possible, especially if the cryptocurrency is included in a Centralized Exchange, for example Binance, which I once read information that a user from Russia had his account frozen due to the war with Ukraine
- SEC is an example of a government that suppresses and restrains with its power against the cryptocurrency community
- It would be a difficult choice for me if I were the head of government because on the one hand I have to see between the opportunities and threats of cryptocurrency itself to the wider community, almost all of whom are still unfamiliar with cryptocurrency
That is my answer to the Op who created this topic, I think the reply to this topic is purely from my experience in the cryptocurrency space so far.
Many Russians have been restricted from using Binance, and many other CEXs have even frozen Russian accounts after the war broke out in 2022. I don't like this very much, crypto is decentralized and investors should not be punished by the government's mistakes.
Well, I think the same as you, that is when this cryptocurrency is decentralized but when it enters the market (CEX) all assets from a certain country are frozen. This is the same as if cryptocurrency is the same as centralized. This is beyond the basic concept of cryptocurrency.
The SEC created a chaotic period in crypto history, fortunately they were stopped by the victory of President Trump. You can refer to his crypto strategy: the effective way to protect people from the risks of bad actors in the crypto market is not to ban crypto, but to educate crypto so that people understand its potential correctly.
At that time it seemed like Bearish was deliberately created to Dump the market so that it would continue to fall and everyone would sell their cryptocurrency. The proof is now when Donald Trump started to rise to become President everything went smoothly, the market started to rise and Bitcoin has reached a new all time high.
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Well, I think the same as you, that is when this cryptocurrency is decentralized but when it enters the market (CEX) all assets from a certain country are frozen. This is the same as if cryptocurrency is the same as centralized. This is beyond the basic concept of cryptocurrency.
At that time it seemed like Bearish was deliberately created to Dump the market so that it would continue to fall and everyone would sell their cryptocurrency. The proof is now when Donald Trump started to rise to become President everything went smoothly, the market started to rise and Bitcoin has reached a new all time high.
I know we need to fight wars and punish warmongering governments, but weaponizing the USD is unreasonable. The same goes for services in the crypto market, it only harms the people, while the Russian government still makes money from selling oil to China.
I believe that every fluctuation in this market is driven by whales. Whales have a lot of data to assess and predict, then make plans to manipulate this market. Currently, they choose memecoins and keep altcoins at low prices, perhaps they haven't accumulated enough altcoins yet, so they want to dump the price to buy more.
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The SEC created a chaotic period in crypto history, fortunately they were stopped by the victory of President Trump. You can refer to his crypto strategy: the effective way to protect people from the risks of bad actors in the crypto market is not to ban crypto, but to educate crypto so that people understand its potential correctly.
At that time it seemed like Bearish was deliberately created to Dump the market so that it would continue to fall and everyone would sell their cryptocurrency. The proof is now when Donald Trump started to rise to become President everything went smoothly, the market started to rise and Bitcoin has reached a new all time high.
Trump even made his own meme to spice things up.
I am interested in what would be the target for that action in the perspective - to FOMO people up?
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Yep Crypto is very beneficial for its investors and also provides income for the government, because the government can take taxes from crypto transactions on the local exchange. Both Crypto and Fiat both play an important role for us, because in the future Crypto will be very popular and the technology is needed
Cyber holders know that what is done is a real and correct action because it will be able to contribute to those who hold it.
Actually,, between crypto and fiat are two different things but for the same interest, because they are for transactions.
Agree, both play an important role in their respective fields because, if it can be used as a synergy, many will benefit, especially, of course, the government, which can take taxes from every transaction on the local exchange.
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Well, I think the same as you, that is when this cryptocurrency is decentralized but when it enters the market (CEX) all assets from a certain country are frozen. This is the same as if cryptocurrency is the same as centralized. This is beyond the basic concept of cryptocurrency.
At that time it seemed like Bearish was deliberately created to Dump the market so that it would continue to fall and everyone would sell their cryptocurrency. The proof is now when Donald Trump started to rise to become President everything went smoothly, the market started to rise and Bitcoin has reached a new all time high.
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I believe that every fluctuation in this market is driven by whales. Whales have a lot of data to assess and predict, then make plans to manipulate this market. Currently, they choose memecoins and keep altcoins at low prices, perhaps they haven't accumulated enough altcoins yet, so they want to dump the price to buy more.
- Whales play with Meme coins
- Whales raise Meme coins
- Altcoins Dump
- Whales collect altcoins
- Whales throw away and Dump Meme coins
- Whales raise altcoins prices
Is the trick step you mentioned like this?
The SEC created a chaotic period in crypto history, fortunately they were stopped by the victory of President Trump. You can refer to his crypto strategy: the effective way to protect people from the risks of bad actors in the crypto market is not to ban crypto, but to educate crypto so that people understand its potential correctly.
At that time it seemed like Bearish was deliberately created to Dump the market so that it would continue to fall and everyone would sell their cryptocurrency. The proof is now when Donald Trump started to rise to become President everything went smoothly, the market started to rise and Bitcoin has reached a new all time high.
Trump even made his own meme to spice things up.
I am interested in what would be the target for that action in the perspective - to FOMO people up?
I suggest not to play in Meme coins, if you force to play, invest and trade with Meme coins, don't do it for too long.
Remember, Meme coins have no function, they only rely on hype and Fomo, so it could be that at any time this Meme coin Dumps and becomes a trash coin. Be careful!
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Yep Crypto is very beneficial for its investors and also provides income for the government, because the government can take taxes from crypto transactions on the local exchange. Both Crypto and Fiat both play an important role for us, because in the future Crypto will be very popular and the technology is needed
Cyber holders know that what is done is a real and correct action because it will be able to contribute to those who hold it.
Actually,, between crypto and fiat are two different things but for the same interest, because they are for transactions.
Agree, both play an important role in their respective fields because, if it can be used as a synergy, many will benefit, especially, of course, the government, which can take taxes from every transaction on the local exchange.
Fiat and crypto usually are seen by some people only in the prospect of profit.
Nothing wrong with that, but many forget what some coins stand for and what they uphold.
Crypto is the new way of things and an alternative for many, that is what is beautiful.
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- Whales play with Meme coins
- Whales raise Meme coins
- Altcoins Dump
- Whales collect altcoins
- Whales throw away and Dump Meme coins
- Whales raise altcoins prices
Is the trick step you mentioned like this?
I don't know exactly what the whales are planning, maybe they are doing so, or this season has created new history when top altcoins are not pumped because the market has memecoins playing an important role. This seems pretty crazy, because we come to crypto not just to have fun with memecoins, investor confidence needs to be maintained by the potential of blockchain and crypto.
The success of TRUMP and MELANIA is confusing investors. I don't understand Trump's purpose in impacting the crypto market this way. The most powerful man in the world is having a huge impact on crypto volatility in the short term, we need to wait for his crypto-related decrees.
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- Whales play with Meme coins
- Whales raise Meme coins
- Altcoins Dump
- Whales collect altcoins
- Whales throw away and Dump Meme coins
- Whales raise altcoins prices
Is the trick step you mentioned like this?
I don't know exactly what the whales are planning, maybe they are doing so, or this season has created new history when top altcoins are not pumped because the market has memecoins playing an important role. This seems pretty crazy, because we come to crypto not just to have fun with memecoins, investor confidence needs to be maintained by the potential of blockchain and crypto.
The success of TRUMP and MELANIA is confusing investors. I don't understand Trump's purpose in impacting the crypto market this way. The most powerful man in the world is having a huge impact on crypto volatility in the short term, we need to wait for his crypto-related decrees.
Wouldn't say the memes became trendier than alts, it's just the way the events unfold it may be seen that way.
Remember the fact that Trump's family holds the most of in their pockets - it's ETH, not TRUMP.
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The SEC created a chaotic period in crypto history, fortunately they were stopped by the victory of President Trump. You can refer to his crypto strategy: the effective way to protect people from the risks of bad actors in the crypto market is not to ban crypto, but to educate crypto so that people understand its potential correctly.
At that time it seemed like Bearish was deliberately created to Dump the market so that it would continue to fall and everyone would sell their cryptocurrency. The proof is now when Donald Trump started to rise to become President everything went smoothly, the market started to rise and Bitcoin has reached a new all time high.
There is always a possibility that it is intentional, so that there is a high surge at the specified time and, as you say, when DT has become became a president, the price the increase again.
Actually, at this time, it has entered the bullish season in my opinion, and if there is a correction certainly only for a moment and will return, again to increase, maybe it will be created renewable ATH which until now in how many values will be achieved, we will wait patiently on time.
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seeing the current conditions where the US government seems to have to think harder to think about the balance between cryptocurrency freedom and supervision of it... we know that the government's influence is very large on the existence of cryptocurrency, its influence is on the stage of more massive adoption... if only the government saw this as a long-term opportunity to bring up innovative ideas, cryptocurrency should have a positive impact on all groups... tightening regulations and limiting crypto's space for movement is not the right choice to bring up creative ideas from the cryptocurrency industry...
I hope Trump can really make a better contribution to regulation and the balance between freedom and supervision of cryptocurrency in the future... launching a personal memecoin and in the name of his wife is not enough to bring innovation in the future.
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- Whales play with Meme coins
- Whales raise Meme coins
- Altcoins Dump
- Whales collect altcoins
- Whales throw away and Dump Meme coins
- Whales raise altcoins prices
Is the trick step you mentioned like this?
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The success of TRUMP and MELANIA is confusing investors. I don't understand Trump's purpose in impacting the crypto market this way. The most powerful man in the world is having a huge impact on crypto volatility in the short term, we need to wait for his crypto-related decrees.
It seems like Donald Trump's real goal is to play the cryptocurrency market so that he can manipulate the market. I just assume the results in 2025 will be like this:
- Donald Trump hypes Bitcoin to continue to reach all time highs
- Donald Trump hypes the $TRUMP meme coin to continue to reach all time highs
- Donald Trump hypes other Altcoins to continue to reach all time highs until the Bull Run that should happen
Do you agree with this statement from me?
The SEC created a chaotic period in crypto history, fortunately they were stopped by the victory of President Trump. You can refer to his crypto strategy: the effective way to protect people from the risks of bad actors in the crypto market is not to ban crypto, but to educate crypto so that people understand its potential correctly.
At that time it seemed like Bearish was deliberately created to Dump the market so that it would continue to fall and everyone would sell their cryptocurrency. The proof is now when Donald Trump started to rise to become President everything went smoothly, the market started to rise and Bitcoin has reached a new all time high.
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Actually, at this time, it has entered the bullish season in my opinion, and if there is a correction certainly only for a moment and will return, again to increase, maybe it will be created renewable ATH which until now in how many values will be achieved, we will wait patiently on time.
If it is true that now is the Bullish season then I only target if Bitcoin reaches 130,000 dollars, Ethereum reaches 9,000 dollars and Doge reaches a price of 1 dollar. That's my only target.
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seeing the current conditions where the US government seems to have to think harder to think about the balance between cryptocurrency freedom and supervision of it... we know that the government's influence is very large on the existence of cryptocurrency, its influence is on the stage of more massive adoption... if only the government saw this as a long-term opportunity to bring up innovative ideas, cryptocurrency should have a positive impact on all groups... tightening regulations and limiting crypto's space for movement is not the right choice to bring up creative ideas from the cryptocurrency industry...
I hope Trump can really make a better contribution to regulation and the balance between freedom and supervision of cryptocurrency in the future... launching a personal memecoin and in the name of his wife is not enough to bring innovation in the future.
The community was truly surprised by memecoins from the Trump family. However, from a statistical perspective, it has made the market more vibrant, attracting more new investors as they are intrigued by TRUMP, similar to how they adored DOGE in 2021.
Trump has many plans for crypto in the US, and I believe he will fulfill his promises through executive orders and official laws. We will soon see the US announce that it is holding its entire current BTC supply and consider the possibility of accumulating more BTC for the strategic reserve fund.
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The community was truly surprised by memecoins from the Trump family. However, from a statistical perspective, it has made the market more vibrant, attracting more new investors as they are intrigued by TRUMP, similar to how they adored DOGE in 2021.
Trump has many plans for crypto in the US, and I believe he will fulfill his promises through executive orders and official laws. We will soon see the US announce that it is holding its entire current BTC supply and consider the possibility of accumulating more BTC for the strategic reserve fund.
Trump is a wild card of sorts.
He may do what he said, or the complete opposite of that.
But I do hope he will deliver on most of his promises.
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seeing the current conditions where the US government seems to have to think harder to think about the balance between cryptocurrency freedom and supervision of it... we know that the government's influence is very large on the existence of cryptocurrency, its influence is on the stage of more massive adoption... if only the government saw this as a long-term opportunity to bring up innovative ideas, cryptocurrency should have a positive impact on all groups... tightening regulations and limiting crypto's space for movement is not the right choice to bring up creative ideas from the cryptocurrency industry...
I hope Trump can really make a better contribution to regulation and the balance between freedom and supervision of cryptocurrency in the future... launching a personal memecoin and in the name of his wife is not enough to bring innovation in the future.
The community was truly surprised by memecoins from the Trump family. However, from a statistical perspective, it has made the market more vibrant, attracting more new investors as they are intrigued by TRUMP, similar to how they adored DOGE in 2021.
Trump has many plans for crypto in the US, and I believe he will fulfill his promises through executive orders and official laws. We will soon see the US announce that it is holding its entire current BTC supply and consider the possibility of accumulating more BTC for the strategic reserve fund.
Let's just wait and see what Trump will do after becoming US president, because the inauguration was held on January 20th. All investors have also been waiting for a long time whether Trump will fulfill his promises after being inaugurated.
Trump and Melania coins have indeed shown a very extraordinary surge.
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Let's just wait and see what Trump will do after becoming US president, because the inauguration was held on January 20th. All investors have also been waiting for a long time whether Trump will fulfill his promises after being inaugurated.
Trump and Melania coins have indeed shown a very extraordinary surge.
I think the president already fulfilled one of his promises for Bitcoin, which is an unconditional pardon to Ross Ulbricht, who is known as a bitcoin folk hero and operated the darknet market website Silk Road.
That's the first step he took after the inauguration. I'm sure there's more incoming promises that he is going to fulfill in the future that could lead to more coming projects related to crypto.
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Let's just wait and see what Trump will do after becoming US president, because the inauguration was held on January 20th. All investors have also been waiting for a long time whether Trump will fulfill his promises after being inaugurated.
Trump and Melania coins have indeed shown a very extraordinary surge.
Today, we received official news about Trump's executive orders: BTC and crypto have become reserve asset of the US, SAB 121 has been lifted, and the legal framework for crypto is being thoroughly studied. These are all positive developments in line with what Trump promised during his campaign, and I look forward to their positive impact on the market.
Many investors are still not satisfied with these victories, as they seem to have expected more. The crypto market needs time to fully grasp these new changes before continuing to grow—after all, Trump has only been president for 3 days, not 3 years :)
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Let's just wait and see what Trump will do after becoming US president, because the inauguration was held on January 20th. All investors have also been waiting for a long time whether Trump will fulfill his promises after being inaugurated.
Trump and Melania coins have indeed shown a very extraordinary surge.
Today, we received official news about Trump's executive orders: BTC and crypto have become reserve asset of the US, SAB 121 has been lifted, and the legal framework for crypto is being thoroughly studied. These are all positive developments in line with what Trump promised during his campaign, and I look forward to their positive impact on the market.
Many investors are still not satisfied with these victories, as they seem to have expected more. The crypto market needs time to fully grasp these new changes before continuing to grow—after all, Trump has only been president for 3 days, not 3 years :)
We as crypto investors should be patient and wait for what trump will do after making bitcoin a reserve fund. Trump has just taken office, I agree with you this will take time so we should be patient and wait for what policies trump will do for bitcoin and crypto.
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We as crypto investors should be patient and wait for what trump will do after making bitcoin a reserve fund. Trump has just taken office, I agree with you this will take time so we should be patient and wait for what policies trump will do for bitcoin and crypto.
You don't have to blame people for not been patient. He promised Bitcoin reserve and that's what everyone expected only to launch meme coin later by holding morr than 80% of the supply. It's understandable why everyone want to see the plans he has for crypto and not the random thing everyone is doing in the crypto space, even Blackrock didn't do meme coin but real coins.
The way it looks now, everyone is expecting huge thing from him. They want to see Bitcoin becomes the best asset and want to see the growth in their investment but who knows the funny thing Trump will try next time, he has done NFTs, he has done meme coins, may a blockchain will be next.
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You don't have to blame people for not been patient. He promised Bitcoin reserve and that's what everyone expected only to launch meme coin later by holding morr than 80% of the supply. It's understandable why everyone want to see the plans he has for crypto and not the random thing everyone is doing in the crypto space, even Blackrock didn't do meme coin but real coins.
The way it looks now, everyone is expecting huge thing from him. They want to see Bitcoin becomes the best asset and want to see the growth in their investment but who knows the funny thing Trump will try next time, he has done NFTs, he has done meme coins, may a blockchain will be next.
Trump fulfilled his promise to establish a strategic crypto reserve fund for the US government, but greedy investors are still unsatisfied. Perhaps they want to see the US government immediately buy more BTC to push its price higher and bring them massive profits.
Trump has just become the US president, and he and his cabinet need time to implement strategies for crypto. We also have all of 2025 to participate in the uptrend, so let's be patient and hold onto crypto tightly!
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You don't have to blame people for not been patient. He promised Bitcoin reserve and that's what everyone expected only to launch meme coin later by holding morr than 80% of the supply. It's understandable why everyone want to see the plans he has for crypto and not the random thing everyone is doing in the crypto space, even Blackrock didn't do meme coin but real coins.
The way it looks now, everyone is expecting huge thing from him. They want to see Bitcoin becomes the best asset and want to see the growth in their investment but who knows the funny thing Trump will try next time, he has done NFTs, he has done meme coins, may a blockchain will be next.
Trump fulfilled his promise to establish a strategic crypto reserve fund for the US government, but greedy investors are still unsatisfied. Perhaps they want to see the US government immediately buy more BTC to push its price higher and bring them massive profits.
Trump has just become the US president, and he and his cabinet need time to implement strategies for crypto. We also have all of 2025 to participate in the uptrend, so let's be patient and hold onto crypto tightly!
It is indeed difficult to satisfy everyone. Of course, let us give DT the opportunity to set up a very good strategy so that, in the end, bitcoin will still be its main choice.
It is not easy to satisfy everyone in a very short time because everything must also be considered and analyzed properly, so give DT the opportunity to complete everything for the good of crypto itself.
I think you are right, it is necessary to implement DT's strategy and his cabinet and the most important thing is that at times like this we must continue to hold on so that what we dream of can be fulfilled.
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It is indeed difficult to satisfy everyone. Of course, let us give DT the opportunity to set up a very good strategy so that, in the end, bitcoin will still be its main choice.
It is not easy to satisfy everyone in a very short time because everything must also be considered and analyzed properly, so give DT the opportunity to complete everything for the good of crypto itself.
I think you are right, it is necessary to implement DT's strategy and his cabinet and the most important thing is that at times like this we must continue to hold on so that what we dream of can be fulfilled.
As I said, we still have plenty of time, and so does Trump. He even needs more time to push legislators to discuss and soon pass a legal framework for crypto, clarify issues of transparency, and provide specific guidelines for projects. All of this aims to make the US the crypto hub!
I believe in the positive impacts of Trump's presidency, so I'm holding onto my crypto very tightly. However, I think I'll only hold until the end of this year before taking full profits and temporarily leaving the market.
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If the government wanted to ban cryptocurrency, it would have done it a long time ago, when this field of activity was just in its infancy. Then it would be much easier and faster to do this. But now, when it has already fully formed and become a part of people’s lives, no one will be able to completely ban crypto. Also, even the Governments of many countries keep a large part of their money in cryptocurrency. And they will not saw the branch they are sitting on.
Cryptocurrency is of immense importance to keep pace with the current world. Because cryptocurrency is deeply intertwined with people's daily work. Although fiat currencies are legal in developed countries, fiat currencies are still illegal in various countries of the world. In some countries, the government is against it and almost all are in favor of domestic cryptocurrencies. So in my opinion, it is not possible to stop the third current. Cryptocurrency will continue to follow its own course. Even a prime minister like Donald Trump supports Bitcoin and has his own coin in the market.
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You don't have to blame people for not been patient. He promised Bitcoin reserve and that's what everyone expected only to launch meme coin later by holding morr than 80% of the supply. It's understandable why everyone want to see the plans he has for crypto and not the random thing everyone is doing in the crypto space, even Blackrock didn't do meme coin but real coins.
The way it looks now, everyone is expecting huge thing from him. They want to see Bitcoin becomes the best asset and want to see the growth in their investment but who knows the funny thing Trump will try next time, he has done NFTs, he has done meme coins, may a blockchain will be next.
Trump fulfilled his promise to establish a strategic crypto reserve fund for the US government, but greedy investors are still unsatisfied. Perhaps they want to see the US government immediately buy more BTC to push its price higher and bring them massive profits.
Trump has just become the US president, and he and his cabinet need time to implement strategies for crypto. We also have all of 2025 to participate in the uptrend, so let's be patient and hold onto crypto tightly!
More action is needed to see through the promises made.
Many are skeptical and that's normal - the results of this whole situation would speak louder than words themselves.
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More action is needed to see through the promises made.
Many are skeptical and that's normal - the results of this whole situation would speak louder than words themselves.
As I have stated, Trump has fulfilled his campaign promises. Trump only mentioned crypto, not BTC. He talked about a strategic crypto reserve fund but did not promise that the US government would buy more BTC. We are expecting too much compared to what Trump has promised and delivered.
Trump has an entire cabinet that favors crypto, and we will soon see positive regulatory changes for the crypto market. When that happens, investors will have enough positive news about the regulatory framework, specific regulations from the SEC, and altcoins Spot ETFs to trigger FOMO this season.
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Cryptocurrency cannot be cracked down, but the government can act against some of its entities as we may have with exchanges and their likes, because they are being regulated by the government authorities and they can implement any policy on them, while this is not possible with the bitcoin network because its a decentralized one and cannot be regulated, attacks on crypto may continues, but they cannot stop and end it.
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Cryptocurrency cannot be cracked down, but the government can act against some of its entities as we may have with exchanges and their likes, because they are being regulated by the government authorities and they can implement any policy on them, while this is not possible with the bitcoin network because its a decentralized one and cannot be regulated, attacks on crypto may continues, but they cannot stop and end it.
If the government can crack down on crypto, maybe this has been done for a long time. They can only limit or prohibit the rules, but they cannot stop crypto. Even now many governments are starting to be open to receiving Crypto as an investment of its citizens.
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Cryptocurrency cannot be cracked down, but the government can act against some of its entities as we may have with exchanges and their likes, because they are being regulated by the government authorities and they can implement any policy on them, while this is not possible with the bitcoin network because its a decentralized one and cannot be regulated, attacks on crypto may continues, but they cannot stop and end it.
If the government can crack down on crypto, maybe this has been done for a long time. They can only limit or prohibit the rules, but they cannot stop crypto. Even now many governments are starting to be open to receiving Crypto as an investment of its citizens.
While regulation can in fact influence the trend of an asset, in the case of crypto regulation is very present although the ability to fully control crypto has become almost impossible. Due to this, blockchain technology which is the main working place of crypto ensures its functioning even in view of different restrictions in some countries. Indeed, progressively, all over the world, governments are opening up their eyes and are in the process of looking for a way of incorporating this innovation in their financial structures. This proves that its existence is no longer just all the rage but part of unprecedented change. Thus, as long as people will show interest and trust public, crypto will remain a part of worldwide economy both as an investment instrument and as a means of payment in the future.
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The government can do many things if it wants, especially in a market where it can bring Bitcoin to a bull market, but it can also bring Bitcoin to a bear market with some negative announcements. However, if the government wishes, it can crack down on someone's Bitcoin and subject them to punitive measures by confiscating all Bitcoins. For example, Donald Trump has brought about a significant change to Bitcoin and has pardoned and released the very amicable Ross Ulbricht.
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Cryptocurrency cannot be cracked down, but the government can act against some of its entities as we may have with exchanges and their likes, because they are being regulated by the government authorities and they can implement any policy on them, while this is not possible with the bitcoin network because its a decentralized one and cannot be regulated, attacks on crypto may continues, but they cannot stop and end it.
If the government can crack down on crypto, maybe this has been done for a long time. They can only limit or prohibit the rules, but they cannot stop crypto. Even now many governments are starting to be open to receiving Crypto as an investment of its citizens.
The action may be by not recognizing and prohibiting its use in the country, but it cannot prohibit crypto from continuing to exist in mass use. But there are also those who prohibit it with only some provisions, for example, not recognizing it as a legal means of payment but it can be traded and if you want to use it, it must be changed to local fiat, but there are still those who prohibit it completely, so it depends on the country.
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The government can do many things if it wants, especially in a market where it can bring Bitcoin to a bull market, but it can also bring Bitcoin to a bear market with some negative announcements. However, if the government wishes, it can crack down on someone's Bitcoin and subject them to punitive measures by confiscating all Bitcoins. For example, Donald Trump has brought about a significant change to Bitcoin and has pardoned and released the very amicable Ross Ulbricht.
Trump's actions have confirmed the enormous power of the government: eliminating the unfair SAB 121, establishing a strategic crypto reserve fund, and issuing memecoins. Each of these actions has a major impact on the psychology and behavior of investors in the market, and fortunately, they are all positive impacts.
Some governments are still banning crypto, such as the Chinese government. This is hindering the development of the crypto market here, even though blockchain is being researched for practical applications.
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Actually bitcoin depend on their investor without support from government keep increasing the higher price, but get difficult for selling or buying bitcoin without support bank deposit for the beginner when using local exchange currency market. I think government can't crack down totally with bitcoin but they have power to stop or banned bitcoin transaction from closing exchange market access until not allowed to withdraw crypto assets to fiat using bank account.
Today bitcoin have give positive impact and take benefit each other between by adopting taxes transaction for cryptocurrency, government will not suspend using bitcoin for transaction any more behind how much taxes earn every month.
I doubt if government can completely crack down on crypto, because bitcoin/altcoins is decentralized, though government can block faits deposit with banks, but there are other options to buy bitcoin like through p2p or cash in person.
In my opinion, P2P is one of the biggest obstacle from the governments attempts to crack down on crypto in many countries. I think P2P posed the biggest challenge to government in it various attempts to shut down Bitcoin transactions
Dex exchanges has also help to ease the efforts on crypto trading where there are restrictions by government on certain regions through bank deposits.
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We as crypto investors should be patient and wait for what trump will do after making bitcoin a reserve fund. Trump has just taken office, I agree with you this will take time so we should be patient and wait for what policies trump will do for bitcoin and crypto.
The problem many people are having with him is not because he hasn't do what is expected of the public, it's because of what he did in the end. Eveeyone was sleeping when he launched his family launched a meme coin and it's has been one of the unsuccessful meme coins in the history of coin launched, who wouldn't be bother if he is serious about the future of crypto.
What I can say is that politicians will always want to be politicians, he has made that promised which everyone is expecting, if he doesn't do it one way or the other another politician will do it later in the future. So buy what you think you can buy now and hold for future sake.
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The government can do many things if it wants, especially in a market where it can bring Bitcoin to a bull market, but it can also bring Bitcoin to a bear market with some negative announcements. However, if the government wishes, it can crack down on someone's Bitcoin and subject them to punitive measures by confiscating all Bitcoins. For example, Donald Trump has brought about a significant change to Bitcoin and has pardoned and released the very amicable Ross Ulbricht.
Trump's actions have confirmed the enormous power of the government: eliminating the unfair SAB 121, establishing a strategic crypto reserve fund, and issuing memecoins. Each of these actions has a major impact on the psychology and behavior of investors in the market, and fortunately, they are all positive impacts.
Some governments are still banning crypto, such as the Chinese government. This is hindering the development of the crypto market here, even though blockchain is being researched for practical applications.
DT has always been very positive about accepting bitcoin, so it is no wonder that he will do many things so that bitcoin can be used for anything with all the policies he implements. This clearly provides a positive side and the market also responds well. Hopefully it will continue to increase by achieving, good value.
But indeed, not all governments will be willing to accept bitcoin as a legal tender in their country and there may be restrictions and that is only natural.
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Trump's actions have confirmed the enormous power of the government: eliminating the unfair SAB 121, establishing a strategic crypto reserve fund, and issuing memecoins. Each of these actions has a major impact on the psychology and behavior of investors in the market, and fortunately, they are all positive impacts.
Some governments are still banning crypto, such as the Chinese government. This is hindering the development of the crypto market here, even though blockchain is being researched for practical applications.
China did ban cryptocurrency, but the country is still very great and strong until now.. even I feel that China's decision not to accept cryptocurrency and the country's finances remain stable is one of the most critical decisions... it can be said that China seems to have something bigger than crypto, but if one day Xi Jinping makes a sudden breakthrough, by accepting cryptocurrency as legal money in China... the cryptocurrency community will skyrocket...
Cryptocurrency without China can still gain bullish momentum, if China also adopts cryptocurrency, it could be something even crazier in the future.
Governments do have a lot of control, even if they don't affect cryptocurrency, they do affect new adopters and investors... as long as big investors still adhere to government regulations, that's where the keys to the big things are still in the hands of big governments.
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Actually bitcoin depend on their investor without support from government keep increasing the higher price, but get difficult for selling or buying bitcoin without support bank deposit for the beginner when using local exchange currency market. I think government can't crack down totally with bitcoin but they have power to stop or banned bitcoin transaction from closing exchange market access until not allowed to withdraw crypto assets to fiat using bank account.
Today bitcoin have give positive impact and take benefit each other between by adopting taxes transaction for cryptocurrency, government will not suspend using bitcoin for transaction any more behind how much taxes earn every month.
I doubt if government can completely crack down on crypto, because bitcoin/altcoins is decentralized, though government can block faits deposit with banks, but there are other options to buy bitcoin like through p2p or cash in person.
In my opinion, P2P is one of the biggest obstacle from the governments attempts to crack down on crypto in many countries. I think P2P posed the biggest challenge to government in it various attempts to shut down Bitcoin transactions
Dex exchanges has also help to ease the efforts on crypto trading where there are restrictions by government on certain regions through bank deposits.
They can rule out but they cant be able to completely be able to block all possible ways or methods on which they can be able to make use and there's no way that they can totally block it out. If it was that possible then they had done it a long time ago on which we know that government do really hate up that decentralization on which on things that they cant be able to control and thats why its normal that they will really be that having that negativity or they wont really be liking it. The thing here is that not all government does sees out the negative and they will really adopting it instead since they do know or realize on what are the possible benefits that they can get.
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China did ban cryptocurrency, but the country is still very great and strong until now.. even I feel that China's decision not to accept cryptocurrency and the country's finances remain stable is one of the most critical decisions... it can be said that China seems to have something bigger than crypto, but if one day Xi Jinping makes a sudden breakthrough, by accepting cryptocurrency as legal money in China... the cryptocurrency community will skyrocket...
Cryptocurrency without China can still gain bullish momentum, if China also adopts cryptocurrency, it could be something even crazier in the future.
Governments do have a lot of control, even if they don't affect cryptocurrency, they do affect new adopters and investors... as long as big investors still adhere to government regulations, that's where the keys to the big things are still in the hands of big governments.
The Chinese government is an exception as they haven't changed their stance on crypto despite BTC's success over the past few years. On the contrary, they are very active in researching and wanting to apply blockchain technology in the economy. Their government can do the craziest things because they hold all the power, and the people can only comply or choose to remain silent to protect themselves and their families.
Now everything is focused on the trade war, China's retaliation is making the economy more tense, and as a result, the crypto market is suffering because it's the only market operating 24/7. This could be a black swan event originating from the US government.
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China did ban cryptocurrency, but the country is still very great and strong until now.. even I feel that China's decision not to accept cryptocurrency and the country's finances remain stable is one of the most critical decisions... it can be said that China seems to have something bigger than crypto, but if one day Xi Jinping makes a sudden breakthrough, by accepting cryptocurrency as legal money in China... the cryptocurrency community will skyrocket...
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I, as a westerner, and not having direct contact with any Chinese person to explain it to me, find it very curious that China banned cryptos a long time ago, but when I mined altcoins there was always a big hashrate from China, there was always some Chinese pool, and I always saw comments from Chinese people about the low cost of energy etc.
Not to mention the ease of getting gpus or asics
And I always believed that the punishment could be big
I still don't understand how the ban on China and the Chinese involved in crypto really works.
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China did ban cryptocurrency, but the country is still very great and strong until now.. even I feel that China's decision not to accept cryptocurrency and the country's finances remain stable is one of the most critical decisions... it can be said that China seems to have something bigger than crypto, but if one day Xi Jinping makes a sudden breakthrough, by accepting cryptocurrency as legal money in China... the cryptocurrency community will skyrocket...
Cryptocurrency without China can still gain bullish momentum, if China also adopts cryptocurrency, it could be something even crazier in the future.
Governments do have a lot of control, even if they don't affect cryptocurrency, they do affect new adopters and investors... as long as big investors still adhere to government regulations, that's where the keys to the big things are still in the hands of big governments.
The Chinese government is an exception as they haven't changed their stance on crypto despite BTC's success over the past few years. On the contrary, they are very active in researching and wanting to apply blockchain technology in the economy. Their government can do the craziest things because they hold all the power, and the people can only comply or choose to remain silent to protect themselves and their families.
Now everything is focused on the trade war, China's retaliation is making the economy more tense, and as a result, the crypto market is suffering because it's the only market operating 24/7. This could be a black swan event originating from the US government.
We still see the Chinese government remains consistent in its stance on crypto, they do not legalize crypto in their country. but let it be..
The governments of other major countries have accepted crypto and it is likely that bitcoin will survive even though it is not supported by the Chinese government. because Donald Trump will still be in office for the next 5 years, we will see a bright future for crypto in the next five years.
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Actually government not have enough power for cracking down cryptocurrency but their decision could make bitcoin and altcoin goin down for awhile, did you remember yesterday when economic war between US and China make bitcoin get down drastically after raising up to $100k and easily drop more than 10% due AS government announce additional taxes for China's import product.
Generally government never crack down cryptocurrency but they have bad decision bring impact for cryptocurrency going down but happening for awhile only before crypto recovery back to higher price.
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Actually government not have enough power for cracking down cryptocurrency but their decision could make bitcoin and altcoin goin down for awhile, did you remember yesterday when economic war between US and China make bitcoin get down drastically after raising up to $100k and easily drop more than 10% due AS government announce additional taxes for China's import product.
Generally government never crack down cryptocurrency but they have bad decision bring impact for cryptocurrency going down but happening for awhile only before crypto recovery back to higher price.
I also want to mention this to point out the potential impact of government policies on the crypto market. Crypto is part of the financial market, so it will also be affected by the trade war.
Just one announcement from Trump was enough to blow away a few % of the crypto marketcap because only the crypto market operates 24/7, investors' fear is converted into orders to sell crypto assets when they cannot sell stocks on weekends. I hope Trump is also aware of this and everything is within his calculations, meaning we will have positive results for the growth of the economy and the crypto market.
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Actually bitcoin depend on their investor without support from government keep increasing the higher price, but get difficult for selling or buying bitcoin without support bank deposit for the beginner when using local exchange currency market. I think government can't crack down totally with bitcoin but they have power to stop or banned bitcoin transaction from closing exchange market access until not allowed to withdraw crypto assets to fiat using bank account.
Today bitcoin have give positive impact and take benefit each other between by adopting taxes transaction for cryptocurrency, government will not suspend using bitcoin for transaction any more behind how much taxes earn every month.
I doubt if government can completely crack down on crypto, because bitcoin/altcoins is decentralized, though government can block faits deposit with banks, but there are other options to buy bitcoin like through p2p or cash in person.
In my opinion, P2P is one of the biggest obstacle from the governments attempts to crack down on crypto in many countries. I think P2P posed the biggest challenge to government in it various attempts to shut down Bitcoin transactions
Dex exchanges has also help to ease the efforts on crypto trading where there are restrictions by government on certain regions through bank deposits.
You are making a good point here and that has been my stand that the government can not completely crackdown on crypto, they can attack the exchange and other institutions that support crypto transactions but they can never stop p2p transaction, and as a matter of fact, p2p is amongst one of the primary reasons why bitcoin and crypto would last forever and there is nothing anybody can do to stop it as bitcoin is decentralized with no authority to stop or control it. They can only put policies to third parties to regulate their activities as it relates to their members and their crypto activities but that is just a secondary affairs compared to the p2p market.
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China did ban cryptocurrency, but the country is still very great and strong until now.. even I feel that China's decision not to accept cryptocurrency and the country's finances remain stable is one of the most critical decisions... it can be said that China seems to have something bigger than crypto, but if one day Xi Jinping makes a sudden breakthrough, by accepting cryptocurrency as legal money in China... the cryptocurrency community will skyrocket...
Cryptocurrency without China can still gain bullish momentum, if China also adopts cryptocurrency, it could be something even crazier in the future.
Governments do have a lot of control, even if they don't affect cryptocurrency, they do affect new adopters and investors... as long as big investors still adhere to government regulations, that's where the keys to the big things are still in the hands of big governments.
The Chinese government is an exception as they haven't changed their stance on crypto despite BTC's success over the past few years. On the contrary, they are very active in researching and wanting to apply blockchain technology in the economy. Their government can do the craziest things because they hold all the power, and the people can only comply or choose to remain silent to protect themselves and their families.
Now everything is focused on the trade war, China's retaliation is making the economy more tense, and as a result, the crypto market is suffering because it's the only market operating 24/7. This could be a black swan event originating from the US government.
We still see the Chinese government remains consistent in its stance on crypto, they do not legalize crypto in their country. but let it be..
The governments of other major countries have accepted crypto and it is likely that bitcoin will survive even though it is not supported by the Chinese government. because Donald Trump will still be in office for the next 5 years, we will see a bright future for crypto in the next five years.
China prohibits it because there is always a political charge to it, and it is the authority of the government and no one can prohibit their rights. But as you said, there is no need to worry because DT strongly supports bitcoin, so that of course, it will have a good impact on bitcoin itself and crypto in general., But just believe that it is difficult to reject bitcoin because this is the latest technological development and in time it is certain that more governments in the world will want to accept it.
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China did ban cryptocurrency, but the country is still very great and strong until now.. even I feel that China's decision not to accept cryptocurrency and the country's finances remain stable is one of the most critical decisions... it can be said that China seems to have something bigger than crypto, but if one day Xi Jinping makes a sudden breakthrough, by accepting cryptocurrency as legal money in China... the cryptocurrency community will skyrocket...
Cryptocurrency without China can still gain bullish momentum, if China also adopts cryptocurrency, it could be something even crazier in the future.
Governments do have a lot of control, even if they don't affect cryptocurrency, they do affect new adopters and investors... as long as big investors still adhere to government regulations, that's where the keys to the big things are still in the hands of big governments.
The Chinese government is an exception as they haven't changed their stance on crypto despite BTC's success over the past few years. On the contrary, they are very active in researching and wanting to apply blockchain technology in the economy. Their government can do the craziest things because they hold all the power, and the people can only comply or choose to remain silent to protect themselves and their families.
Now everything is focused on the trade war, China's retaliation is making the economy more tense, and as a result, the crypto market is suffering because it's the only market operating 24/7. This could be a black swan event originating from the US government.
We still see the Chinese government remains consistent in its stance on crypto, they do not legalize crypto in their country. but let it be..
The governments of other major countries have accepted crypto and it is likely that bitcoin will survive even though it is not supported by the Chinese government. because Donald Trump will still be in office for the next 5 years, we will see a bright future for crypto in the next five years.
The crypto market has indeed expanded greatly and despite the fact that some countries are slow to adopt it into the mainstream that has not been a hindrance to the development and its uses cases across the globe. Today, many important countries have adopted crypto, it means that, blockchain technology and digital assets have a long future ahead. It is evident that Bitcoin as an investment has great potential, and by considering the current position of this currency in regards to challenges; it has not slouched to the ground, more institutions and individuals are embracing it. New policies in different countries also threatened to have a similar effect, therefore it will be also revealing to see how the industry will turn out in few years.
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China did ban cryptocurrency, but the country is still very great and strong until now.. even I feel that China's decision not to accept cryptocurrency and the country's finances remain stable is one of the most critical decisions... it can be said that China seems to have something bigger than crypto, but if one day Xi Jinping makes a sudden breakthrough, by accepting cryptocurrency as legal money in China... the cryptocurrency community will skyrocket...
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I, as a westerner, and not having direct contact with any Chinese person to explain it to me, find it very curious that China banned cryptos a long time ago, but when I mined altcoins there was always a big hashrate from China, there was always some Chinese pool, and I always saw comments from Chinese people about the low cost of energy etc.
Not to mention the ease of getting gpus or asics
And I always believed that the punishment could be big
I still don't understand how the ban on China and the Chinese involved in crypto really works.
China will just get the CBDCs rolling.
And that would be it - use the said currency or perish on regulations. Nobody would want such problems.
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China will just get the CBDCs rolling.
And that would be it - use the said currency or perish on regulations. Nobody would want such problems.
CBDC is being tested in China but hasn't yielded the significant value people expected: the test scale is very small and doesn't offer superior convenience compared to cash in bank accounts. Even decentralization isn't guaranteed or proven, there are many things we lack sufficient information to understand the status of this test.
CBDC comes with management troubles because it doesn't allow many commercial banks to participate in the monetary flow. Implementing CBDC could cause a series of commercial banks to collapse and plunge the economy into crisis. Perhaps that's why the Chinese government hasn’t dared to implement it despite having absolute power in that country.
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China will just get the CBDCs rolling.
And that would be it - use the said currency or perish on regulations. Nobody would want such problems.
CBDC is being tested in China but hasn't yielded the significant value people expected: the test scale is very small and doesn't offer superior convenience compared to cash in bank accounts. Even decentralization isn't guaranteed or proven, there are many things we lack sufficient information to understand the status of this test.
CBDC comes with management troubles because it doesn't allow many commercial banks to participate in the monetary flow. Implementing CBDC could cause a series of commercial banks to collapse and plunge the economy into crisis. Perhaps that's why the Chinese government hasn’t dared to implement it despite having absolute power in that country.
CBDC test in china has not produced anything positive so I have not heard any good news about it. the government is trying to create a rival project for crypto, but a centralized system will not become as big as a decentralized bitcoin. because investors prefer to invest in a coin that is not controlled by the government, this is in my opinion
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CBDC test in china has not produced anything positive so I have not heard any good news about it. the government is trying to create a rival project for crypto, but a centralized system will not become as big as a decentralized bitcoin. because investors prefer to invest in a coin that is not controlled by the government, this is in my opinion
CBDC experiments have failed in many countries, it has been removed from the US financial strategy for years to come but is still being considered and implemented in some countries like China and Russia. I think CBDC is a tool to increase government control, it suits authoritarian regimes :)
CBDC was once one of the ways for governments to compete and then eliminate crypto, but it probably cannot meet their expectations. People have understood more about technology and finance, they have no reason to endure such imposition and surveillance.
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China will just get the CBDCs rolling.
And that would be it - use the said currency or perish on regulations. Nobody would want such problems.
CBDC is being tested in China but hasn't yielded the significant value people expected: the test scale is very small and doesn't offer superior convenience compared to cash in bank accounts. Even decentralization isn't guaranteed or proven, there are many things we lack sufficient information to understand the status of this test.
CBDC comes with management troubles because it doesn't allow many commercial banks to participate in the monetary flow. Implementing CBDC could cause a series of commercial banks to collapse and plunge the economy into crisis. Perhaps that's why the Chinese government hasn’t dared to implement it despite having absolute power in that country.
CBDC test in china has not produced anything positive so I have not heard any good news about it. the government is trying to create a rival project for crypto, but a centralized system will not become as big as a decentralized bitcoin. because investors prefer to invest in a coin that is not controlled by the government, this is in my opinion
The main problem is that many do not want to be control by any institution for every transaction made and this will certainly be an obstacle if there is an effort that will indeed be made to be controlled and certainly will not make many interested in a method like that.
I think what you say is true that the trial test has not yet been produced which can lead to positives and there will definitely be rejection.
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The main problem is that many do not want to be control by any institution for every transaction made and this will certainly be an obstacle if there is an effort that will indeed be made to be controlled and certainly will not make many interested in a method like that.
I think what you say is true that the trial test has not yet been produced which can lead to positives and there will definitely be rejection.
Yep. It will be a path of trial and error.
And rejection too.. much of it ;)
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Yep. It will be a path of trial and error.
And rejection too.. much of it ;)
As of now, we haven't seen a successful implementation of CBDC, even though China's CBDC trials were announced as highly successful, they still haven't been able to roll it out nationwide. I think there's something they're not disclosing, and I don't trust the announcements from China.
CBDC seems like a failed proposal for governments to kill crypto. Currently, many governments are looking to adopt and leverage crypto for their countries, the wind has changed direction and we can be optimistic about the future of this market :)
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Yep. It will be a path of trial and error.
And rejection too.. much of it ;)
As of now, we haven't seen a successful implementation of CBDC, even though China's CBDC trials were announced as highly successful, they still haven't been able to roll it out nationwide. I think there's something they're not disclosing, and I don't trust the announcements from China.
CBDC seems like a failed proposal for governments to kill crypto. Currently, many governments are looking to adopt and leverage crypto for their countries, the wind has changed direction and we can be optimistic about the future of this market :)
They have always been closed to things like this and only provide one-sided information and that cannot be proven. Therefore, many still do not believe what they say, so it is not surprising, they do not want to launch it nationally. Of course, this action can prove that they are only making one-sided success.
It is natural that you and maybe me and many others do not believe the announcement from China.
Let's just wait for the developments in the future because everyone will also be waiting for that.
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CBDC test in china has not produced anything positive so I have not heard any good news about it. the government is trying to create a rival project for crypto, but a centralized system will not become as big as a decentralized bitcoin. because investors prefer to invest in a coin that is not controlled by the government, this is in my opinion
I don't think they would even need it to be better than X.
They just need alternatives to have much more control going for themselves, that's it.
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They have always been closed to things like this and only provide one-sided information and that cannot be proven. Therefore, many still do not believe what they say, so it is not surprising, they do not want to launch it nationally. Of course, this action can prove that they are only making one-sided success.
It is natural that you and maybe me and many others do not believe the announcement from China.
Let's just wait for the developments in the future because everyone will also be waiting for that.
Yep. The legendary coexistence of the biggest digital CDBC yet (probably) and the country with the biggest reserves of BTC, which the US would be probably (as well yet, because it's all in the wind still).
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They have always been closed to things like this and only provide one-sided information and that cannot be proven. Therefore, many still do not believe what they say, so it is not surprising, they do not want to launch it nationally. Of course, this action can prove that they are only making one-sided success.
It is natural that you and maybe me and many others do not believe the announcement from China.
Let's just wait for the developments in the future because everyone will also be waiting for that.
The US has an accepting and supportive stance towards crypto, while China maintains its bans. We often see this opposition when talking about the US and China, and it seems normal, but I believe crypto is unstoppable and China is simply planning to adopt crypto in the most efficient way, similar to how they developed DeepSeek.
We will be able to evaluate the impact of governments on crypto: see how the US can promote crypto and how China can suppress it. Some extreme actions from other countries like Brazil or Nigeria cannot have such a big impact!
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...but I believe crypto is unstoppable and China is simply planning to adopt crypto in the most efficient way, similar to how they developed DeepSeek.
That's not how China government works. They always ban things that was available worldwide then they will make something for their own only, remember every most famous website have similar available for their people too. That's why there is CBDC in China with their digital yuan with the counter part of cryptocurrencies available international. And it will not improve from there so...
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They have always been closed to things like this and only provide one-sided information and that cannot be proven. Therefore, many still do not believe what they say, so it is not surprising, they do not want to launch it nationally. Of course, this action can prove that they are only making one-sided success.
It is natural that you and maybe me and many others do not believe the announcement from China.
Let's just wait for the developments in the future because everyone will also be waiting for that.
The US has an accepting and supportive stance towards crypto, while China maintains its bans. We often see this opposition when talking about the US and China, and it seems normal, but I believe crypto is unstoppable and China is simply planning to adopt crypto in the most efficient way, similar to how they developed DeepSeek.
We will be able to evaluate the impact of governments on crypto: see how the US can promote crypto and how China can suppress it. Some extreme actions from other countries like Brazil or Nigeria cannot have such a big impact!
China always has different stance on crypto this is why the people in the mainland is not allowed to trade crypto. They US government have been cracking down for awhile already, we can see it through the SEC since Gensler's time. But its going to be the same in the future when Trump is not around anymore.
Nigeria I thin is also big, the adoption in Nigeria will also be an adoption to the entire Africa. This country is the center of Africa.
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That's not how China government works. They always ban things that was available worldwide then they will make something for their own only, remember every most famous website have similar available for their people too. That's why there is CBDC in China with their digital yuan with the counter part of cryptocurrencies available international. And it will not improve from there so...
I don't think China's CBDC can compare to the crypto of the rest of the world. China might create similar tools/websites for their people to use under strict censorship but they won't be able to create a Chinese BTC!
I think China will accept crypto in the future because they are currently allowing Hong Kong to actively test crypto. China is also researching the application of blockchain, and they won't be able to harness the power of blockchain without touching crypto :)
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That's not how China government works. They always ban things that was available worldwide then they will make something for their own only, remember every most famous website have similar available for their people too. That's why there is CBDC in China with their digital yuan with the counter part of cryptocurrencies available international. And it will not improve from there so...
I don't think China's CBDC can compare to the crypto of the rest of the world. China might create similar tools/websites for their people to use under strict censorship but they won't be able to create a Chinese BTC!
I think China will accept crypto in the future because they are currently allowing Hong Kong to actively test crypto. China is also researching the application of blockchain, and they won't be able to harness the power of blockchain without touching crypto :)
The Chinese government always has a way of saying no to a generally acceptable innovation and at the same time also developing that same innovation or something similar to it for their use. This is a way of saying you do not agree with a technology but you still find it very useful and impactful and still develop a prototype of it so you could also use it for the same purpose it was invented. The Chinese government is not new to this attitude as they always want to exploit every means for themselves.
I have no doubt China will accept Bitcoin shortly as they are exploiting every means to see how the technology would be of benefit to them through research and lots more. So if they are researching blockchain, then it is clear that they would come up with the terms of crypto acceptance after the result findings.
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That's not how China government works. They always ban things that was available worldwide then they will make something for their own only, remember every most famous website have similar available for their people too. That's why there is CBDC in China with their digital yuan with the counter part of cryptocurrencies available international. And it will not improve from there so...
I don't think China's CBDC can compare to the crypto of the rest of the world. China might create similar tools/websites for their people to use under strict censorship but they won't be able to create a Chinese BTC!
I think China will accept crypto in the future because they are currently allowing Hong Kong to actively test crypto. China is also researching the application of blockchain, and they won't be able to harness the power of blockchain without touching crypto :)
The Chinese government always has a way of saying no to a generally acceptable innovation and at the same time also developing that same innovation or something similar to it for their use. This is a way of saying you do not agree with a technology but you still find it very useful and impactful and still develop a prototype of it so you could also use it for the same purpose it was invented. The Chinese government is not new to this attitude as they always want to exploit every means for themselves.
I have no doubt China will accept Bitcoin shortly as they are exploiting every means to see how the technology would be of benefit to them through research and lots more. So if they are researching blockchain, then it is clear that they would come up with the terms of crypto acceptance after the result findings.
It is also important to remember that there are many ways in which a country can react to technological advancement, and despite appearances, some actions can have goals that are still greater than the contradiction of what is being done. When an innovation has such a potential it has inevitably leads to the further step research and development, especially it becomes inevitable for the countries which want to keep some things in their hands. Given that, it is not surprising that various parties try to delve into things that are developing, especially if they have implications on a number of sectors. As a result, the decisions that may be made can be different depending on the results of the research. I considered it fascinating how a country tries to guarantee a beneficial application of already existing technology, while at the same time, maintaining control of such application including its access and utility.
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I don't think China's CBDC can compare to the crypto of the rest of the world. China might create similar tools/websites for their people to use under strict censorship but they won't be able to create a Chinese BTC!
I think China will accept crypto in the future because they are currently allowing Hong Kong to actively test crypto. China is also researching the application of blockchain, and they won't be able to harness the power of blockchain without touching crypto :)
Of course it's incomparable. China won't make something that it cannot control which is most crypto was made of accepting it again is against on their nature. As for the technology, they are interested already in the blockchain and been making blockchain tech for their country's use since way back 2019 when their president do so, because how it useful when it comes to transparency for the work of their people to their government.
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The Chinese government always has a way of saying no to a generally acceptable innovation and at the same time also developing that same innovation or something similar to it for their use. This is a way of saying you do not agree with a technology but you still find it very useful and impactful and still develop a prototype of it so you could also use it for the same purpose it was invented. The Chinese government is not new to this attitude as they always want to exploit every means for themselves.
I have no doubt China will accept Bitcoin shortly as they are exploiting every means to see how the technology would be of benefit to them through research and lots more. So if they are researching blockchain, then it is clear that they would come up with the terms of crypto acceptance after the result findings.
I see the anxiety and fear of the Chinese government in their decisions. They are afraid that their absolute power over fiat will be threatened by the success of crypto, they feel uneasy when they cannot make crypto obediently listen :)
I will wait for China's reactions after the US accepts crypto for its strategic reserve fund, and may even accumulate more BTC for the nation. I want to know if China will continue to stand aside or will rush to follow so as not to be left behind in the crypto wave.
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This crypto currency is still illegal in our Bangladesh. We hope that one day crypto currency will be legal in our Bangladesh too. Because we know that the current government of our Bangladesh, Dr. Yunus, since he was in America and Russia, he may have been associated with this crypto currency. We are working with those that are illegal in the country so far, we hope that we will work with legality very soon.
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This crypto currency is still illegal in our Bangladesh. We hope that one day crypto currency will be legal in our Bangladesh too. Because we know that the current government of our Bangladesh, Dr. Yunus, since he was in America and Russia, he may have been associated with this crypto currency. We are working with those that are illegal in the country so far, we hope that we will work with legality very soon.
Better not to make yourself expect too much because it will be that everything depending into the government whether they will be allowing or still prohibiting Bitcoin or crypto and we do know that not all are really that allowing or simply most of them would really be that not wanting to get involved with cryptocurrencies on which we do know that everything could really be that pertaining about having no taxes and this is something that they dont really like it. Somehow if you are really that eager on involving with cryptocurrency then you can still do it without being caught or being traced. So it will be that up to you but make it sure that you wont get caught.
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This crypto currency is still illegal in our Bangladesh. We hope that one day crypto currency will be legal in our Bangladesh too. Because we know that the current government of our Bangladesh, Dr. Yunus, since he was in America and Russia, he may have been associated with this crypto currency. We are working with those that are illegal in the country so far, we hope that we will work with legality very soon.
Perhaps your government is still cautiously evaluating crypto before changing its stance on this novel financial instrument. It is terrifying that engaging in crypto activities could land someone in jail in 2025. I hope the crypto community in Bangladesh remains safe until crypto is accepted as a legitimate market.
The anxiety about the consequences of trading crypto will undoubtedly decrease liquidity and hinder the growth of the crypto market. That is precisely what governments aim to achieve when banning crypto; they always prohibit before they can regulate :)
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This crypto currency is still illegal in our Bangladesh. We hope that one day crypto currency will be legal in our Bangladesh too. Because we know that the current government of our Bangladesh, Dr. Yunus, since he was in America and Russia, he may have been associated with this crypto currency. We are working with those that are illegal in the country so far, we hope that we will work with legality very soon.
Perhaps your government is still cautiously evaluating crypto before changing its stance on this novel financial instrument. It is terrifying that engaging in crypto activities could land someone in jail in 2025. I hope the crypto community in Bangladesh remains safe until crypto is accepted as a legitimate market.
The anxiety about the consequences of trading crypto will undoubtedly decrease liquidity and hinder the growth of the crypto market. That is precisely what governments aim to achieve when banning crypto; they always prohibit before they can regulate :)
The government that has not been able to accept crypto, do they not see that the government of developed countries has started to legalize and accept crypto. Although there are some countries that have not allowed it, if it goes to prison it seems ridiculous. We invest with the money we earn and are considered to be breaking the law.
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This crypto currency is still illegal in our Bangladesh. We hope that one day crypto currency will be legal in our Bangladesh too. Because we know that the current government of our Bangladesh, Dr. Yunus, since he was in America and Russia, he may have been associated with this crypto currency. We are working with those that are illegal in the country so far, we hope that we will work with legality very soon.
Perhaps your government is still cautiously evaluating crypto before changing its stance on this novel financial instrument. It is terrifying that engaging in crypto activities could land someone in jail in 2025. I hope the crypto community in Bangladesh remains safe until crypto is accepted as a legitimate market.
The anxiety about the consequences of trading crypto will undoubtedly decrease liquidity and hinder the growth of the crypto market. That is precisely what governments aim to achieve when banning crypto; they always prohibit before they can regulate :)
The government that has not been able to accept crypto, do they not see that the government of developed countries has started to legalize and accept crypto. Although there are some countries that have not allowed it, if it goes to prison it seems ridiculous. We invest with the money we earn and are considered to be breaking the law.
It is certain that the government has not been able to accept crypto until now, because This is something that needs to be considered carefully so that they will not make the wrong decision and not harm all parties. This is just a matter of time, because everything is certain that, in the end, whether they like it or not, they have to be able to accept crypto because its development is very advanced, and it is inevitable to accept it.
As long as it does not violate the rules, of course there will be no sanctions other than deliberately violating the rules, even though it is for the reason of your own capital. Always obeying the rules is better.
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The government that has not been able to accept crypto, do they not see that the government of developed countries has started to legalize and accept crypto. Although there are some countries that have not allowed it, if it goes to prison it seems ridiculous. We invest with the money we earn and are considered to be breaking the law.
I call those extreme actions by the government when they face their fears. Perhaps they don't see the positive impacts that BTC has brought to El Salvador, they don't see the big companies accumulating BTC for the future, they are afraid of what they don't understand and are not ready to approach.
The government has a lot of power: they can label crypto as something dangerous to the economy, crypto is a tool for criminals, crypto is a financial weapon against the government's leadership... Then, they will impose very heavy penalties to warn people. That is exactly what these backward governments are doing to suppress crypto @@
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The government that has not been able to accept crypto, do they not see that the government of developed countries has started to legalize and accept crypto. Although there are some countries that have not allowed it, if it goes to prison it seems ridiculous. We invest with the money we earn and are considered to be breaking the law.
The law is sometimes tricky.
That's why it should be regulated at least to some degree, not just be in the "banned" state.
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Perhaps your government is still cautiously evaluating crypto before changing its stance on this novel financial instrument. It is terrifying that engaging in crypto activities could land someone in jail in 2025. I hope the crypto community in Bangladesh remains safe until crypto is accepted as a legitimate market.
The anxiety about the consequences of trading crypto will undoubtedly decrease liquidity and hinder the growth of the crypto market. That is precisely what governments aim to achieve when banning crypto; they always prohibit before they can regulate :)
Some may be disturbed by the government's calculations and if they knew how much tax profit the exchange would get if it had a trading license and was actively operating from the government there, the government would be amazed to see the numbers. This industrial sector has the most potential, especially if it has a large number of users.
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This crypto currency is still illegal in our Bangladesh. We hope that one day crypto currency will be legal in our Bangladesh too. Because we know that the current government of our Bangladesh, Dr. Yunus, since he was in America and Russia, he may have been associated with this crypto currency. We are working with those that are illegal in the country so far, we hope that we will work with legality very soon.
Better not to make yourself expect too much because it will be that everything depending into the government whether they will be allowing or still prohibiting Bitcoin or crypto and we do know that not all are really that allowing or simply most of them would really be that not wanting to get involved with cryptocurrencies on which we do know that everything could really be that pertaining about having no taxes and this is something that they dont really like it. Somehow if you are really that eager on involving with cryptocurrency then you can still do it without being caught or being traced. So it will be that up to you but make it sure that you wont get caught.
Yes, I agree that this crypto currency is illegal in some countries besides Bangladesh. But we see that most of the big businessmen in our country or other countries are associated with this crypto currency. And they are dealing with this crypto. If we practice these things and look at them a little, we will see that we will get legality at least one day. And we will be safe. If we tell everyone now with our warning, there will be a risk. We have to try to remain anonymous and associated with crypto currency.
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Yes, I agree that this crypto currency is illegal in some countries besides Bangladesh. But we see that most of the big businessmen in our country or other countries are associated with this crypto currency. And they are dealing with this crypto. If we practice these things and look at them a little, we will see that we will get legality at least one day. And we will be safe. If we tell everyone now with our warning, there will be a risk. We have to try to remain anonymous and associated with crypto currency.
With the development of crypto and the widespread acceptance of BTC globally, Bangladesh cannot stay out forever. They will have to accept crypto in some way under pressure from the people. If the government doesn't choose crypto, the people may choose a new government, similar to what happened in the US in the last election.
I hope that the crypto community in Bangladesh will continue to be safe until things improve and investing in crypto becomes a necessary part of the market rather than being considered illegal activities!
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Yes, I agree that this crypto currency is illegal in some countries besides Bangladesh. But we see that most of the big businessmen in our country or other countries are associated with this crypto currency. And they are dealing with this crypto. If we practice these things and look at them a little, we will see that we will get legality at least one day. And we will be safe. If we tell everyone now with our warning, there will be a risk. We have to try to remain anonymous and associated with crypto currency.
With the development of crypto and the widespread acceptance of BTC globally, Bangladesh cannot stay out forever. They will have to accept crypto in some way under pressure from the people. If the government doesn't choose crypto, the people may choose a new government, similar to what happened in the US in the last election.
I hope that the crypto community in Bangladesh will continue to be safe until things improve and investing in crypto becomes a necessary part of the market rather than being considered illegal activities!
The country doesn't have much resources to work on its own just like Sri Lanka. These are developing countries that will not have a good economy that will not make their people invest on something like BTC which I think their government would rather make BTC illegal because of the concern that people will be a victim of scam.
The government could be right with their decision especially because BTC is a speculative asset where price is very volatile.
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Crypto currency has been legal in different countries of the world. And it’s now absolutely impossible to destroy. Because this currency is now bought by Bitcoin to give full security to money in different countries of the world. Some governments also keep money in Bitcoin. And in some countries Bitcoin is illegal, but most people in the country use Bitcoin. I don’t think it will be easy to control who it is now. And those who know about Bitcoin will never regard it as illegal because many unwanted can be made through Bitcoin. And Bitcoin can be quickly gained by becoming self-sufficient. I have the possibility of being fucked through bitcoin, there are many couples. So, by understanding you have to decide if you have to decide or you will be in danger. There’s also such damage as here. So I don’t think any country’s government can completely shut down Bitcoin.
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The government that has not been able to accept crypto, do they not see that the government of developed countries has started to legalize and accept crypto. Although there are some countries that have not allowed it, if it goes to prison it seems ridiculous. We invest with the money we earn and are considered to be breaking the law.
They don't want to not because they want it like we do, it's because it's going to open their secrets and everything they do behind doors, the things they do behind doors and the money they steal from public. The privacy they have been hiding in will be exposed because the money they are stealing will be known to people and they wouldn't be able to steal again.
Any government that doesn't have crocroach in their cupboard wouldn't run away from crypto, it's something they need and something the people need but their nature of looting wouldn't give them peace of mind to do it, their secret will be exposed to the public.
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Perhaps your government is still cautiously evaluating crypto before changing its stance on this novel financial instrument. It is terrifying that engaging in crypto activities could land someone in jail in 2025. I hope the crypto community in Bangladesh remains safe until crypto is accepted as a legitimate market.
The anxiety about the consequences of trading crypto will undoubtedly decrease liquidity and hinder the growth of the crypto market. That is precisely what governments aim to achieve when banning crypto; they always prohibit before they can regulate :)
Some may be disturbed by the government's calculations and if they knew how much tax profit the exchange would get if it had a trading license and was actively operating from the government there, the government would be amazed to see the numbers. This industrial sector has the most potential, especially if it has a large number of users.
Actually, that is a solution carried out by the government to be able to get income, and it is only natural if it is seen that there is an advantage from the exchange in taking fees, but we also know that the exchange also has to pay taxes in the end, so there is no excessive concern from the government about this in my opinion.
There is always the best solution from the government to be able to involve the exchange in matters like this.
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Crypto currency has been legal in different countries of the world. And it’s now absolutely impossible to destroy. Because this currency is now bought by Bitcoin to give full security to money in different countries of the world. Some governments also keep money in Bitcoin. And in some countries Bitcoin is illegal, but most people in the country use Bitcoin. I don’t think it will be easy to control who it is now. And those who know about Bitcoin will never regard it as illegal because many unwanted can be made through Bitcoin. And Bitcoin can be quickly gained by becoming self-sufficient. I have the possibility of being fucked through bitcoin, there are many couples. So, by understanding you have to decide if you have to decide or you will be in danger. There’s also such damage as here. So I don’t think any country’s government can completely shut down Bitcoin.
We, who are involved in this crypto currency, do not think we will be able to leave this crypto currency world. Even though this crypto currency is illegal in our countries, we are still involved here. Maybe even if it is never legalized, we will never be able to leave crypto. And now it is impossible to stop this Bitcoin, because almost all the prominent businessmen of the country are involved in this Bitcoin currency. They also do transactions and invest in this Bitcoin currency. So I would say that if they had tried in 2017-2018, they could have stopped it, but now it is absolutely impossible. So now we want to get legalization as soon as possible and work with legality.
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The country doesn't have much resources to work on its own just like Sri Lanka. These are developing countries that will not have a good economy that will not make their people invest on something like BTC which I think their government would rather make BTC illegal because of the concern that people will be a victim of scam.
The government could be right with their decision especially because BTC is a speculative asset where price is very volatile.
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I agree with your point of view, this is the point of view of many governments when they decide to ban crypto rather than face the difficulties in the management process. However, this also shows the limitations in their capacity and vision: El Salvador is also a small country and does not even have its own fiat, it has been very successful in implementing the BTC strategy!
BTC has existed for 15 years, we have a lot of information to access through the internet, the government can also start to seriously learn about crypto to have the most appropriate policies. Bans cannot isolate people from crypto, while governments lose tax revenue. Bangladesh should study and issue a legal framework for crypto to take advantage of the benefits from this financial wave.
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The country doesn't have much resources to work on its own just like Sri Lanka. These are developing countries that will not have a good economy that will not make their people invest on something like BTC which I think their government would rather make BTC illegal because of the concern that people will be a victim of scam.
The government could be right with their decision especially because BTC is a speculative asset where price is very volatile.
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I agree with your point of view, this is the point of view of many governments when they decide to ban crypto rather than face the difficulties in the management process. However, this also shows the limitations in their capacity and vision: El Salvador is also a small country and does not even have its own fiat, it has been very successful in implementing the BTC strategy!
BTC has existed for 15 years, we have a lot of information to access through the internet, the government can also start to seriously learn about crypto to have the most appropriate policies. Bans cannot isolate people from crypto, while governments lose tax revenue. Bangladesh should study and issue a legal framework for crypto to take advantage of the benefits from this financial wave.
Actually, the ban that is carried out will not solve their problems, because anyone can do it with the ban, so that the main problem cannot be solved properly.
Whereas we also know that this is the era of renewable technology and no one is able to provide restrictions to be able to ban them effectively.
Agree, every ban will not be able to isolate and in fact, the opportunities that can be obtained from tax revenue are very good and there are benefits that can be done.
But I believe that in time they will understand that and start to accept and legalize it.
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Actually, the ban that is carried out will not solve their problems, because anyone can do it with the ban, so that the main problem cannot be solved properly.
Whereas we also know that this is the era of renewable technology and no one is able to provide restrictions to be able to ban them effectively.
Agree, every ban will not be able to isolate and in fact, the opportunities that can be obtained from tax revenue are very good and there are benefits that can be done.
But I believe that in time they will understand that and start to accept and legalize it.
China has banned BTC mining, but BTC mining is still prevalent in China, accounting for a significant portion of the global hashrate distribution map. The Chinese government may prevent themselves from accessing BTC, but their people can still access this market through many tools in this market.
The ban should be replaced by a clear legal framework so that investors can feel secure and the government can also collect taxes or accumulate more BTC as many large organizations are doing. I think this will be the main trend in the market in the next few years: government budgets will become the biggest whales in the market.
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Actually, the ban that is carried out will not solve their problems, because anyone can do it with the ban, so that the main problem cannot be solved properly.
Whereas we also know that this is the era of renewable technology and no one is able to provide restrictions to be able to ban them effectively.
Agree, every ban will not be able to isolate and in fact, the opportunities that can be obtained from tax revenue are very good and there are benefits that can be done.
But I believe that in time they will understand that and start to accept and legalize it.
China has banned BTC mining, but BTC mining is still prevalent in China, accounting for a significant portion of the global hashrate distribution map. The Chinese government may prevent themselves from accessing BTC, but their people can still access this market through many tools in this market.
The ban should be replaced by a clear legal framework so that investors can feel secure and the government can also collect taxes or accumulate more BTC as many large organizations are doing. I think this will be the main trend in the market in the next few years: government budgets will become the biggest whales in the market.
I think with the latest technology, like today, it is very difficult to ban even though there is a ban imposed by the government, Because access to it can still be done a lot, and it is difficult to close it. It will apply throughout the world, including China.
The ban should be fixed by still providing opportunities, but transactions are made on local exchanges, so that there is control and receiving tax revenues from it.
Hopefully the trend you said will happen, and we will wait for it and I have the same belief as you.
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I think with the latest technology, like today, it is very difficult to ban even though there is a ban imposed by the government, Because access to it can still be done a lot, and it is difficult to close it. It will apply throughout the world, including China.
The ban should be fixed by still providing opportunities, but transactions are made on local exchanges, so that there is control and receiving tax revenues from it.
Hopefully the trend you said will happen, and we will wait for it and I have the same belief as you.
We have seen many success stories from countries around the world that have embraced crypto, and backward governments can certainly learn from them. The problem lies solely in their vision and perspective. If government leaders are too old to understand blockchain technology and the value of crypto, they should hand over decision-making power to younger people who understand technology and finance.
We are still in the early stages of the crypto era, much like how we were cautious with the internet. We need community action to promote faster and wider acceptance of crypto. We have paid too much for traditional money transfer and payment services!
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I think with the latest technology, like today, it is very difficult to ban even though there is a ban imposed by the government, Because access to it can still be done a lot, and it is difficult to close it. It will apply throughout the world, including China.
The ban should be fixed by still providing opportunities, but transactions are made on local exchanges, so that there is control and receiving tax revenues from it.
Hopefully the trend you said will happen, and we will wait for it and I have the same belief as you.
We have seen many success stories from countries around the world that have embraced crypto, and backward governments can certainly learn from them. The problem lies solely in their vision and perspective. If government leaders are too old to understand blockchain technology and the value of crypto, they should hand over decision-making power to younger people who understand technology and finance.
We are still in the early stages of the crypto era, much like how we were cautious with the internet. We need community action to promote faster and wider acceptance of crypto. We have paid too much for traditional money transfer and payment services!
Indeed, all countries that have accepted crypto have been greatly helped so far, because crypto has opened up a lot of possibilities by giving people the opportunity to earn extra income from doing anything with crypto.
Of course, we also cannot forbid that there are still countries that are not willing to accept it well and, of course, there is something that not everyone can understand why they don't want to accept it.
It could be like you said that they are too old to be able to accept and understand the latest technology, so they really need to regenerate so that they can understand.
Of course, crypto will always develop well, and it is certain that its development is very fast and always up to date.
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I think with the latest technology, like today, it is very difficult to ban even though there is a ban imposed by the government, Because access to it can still be done a lot, and it is difficult to close it. It will apply throughout the world, including China.
The ban should be fixed by still providing opportunities, but transactions are made on local exchanges, so that there is control and receiving tax revenues from it.
Hopefully the trend you said will happen, and we will wait for it and I have the same belief as you.
We have seen many success stories from countries around the world that have embraced crypto, and backward governments can certainly learn from them. The problem lies solely in their vision and perspective. If government leaders are too old to understand blockchain technology and the value of crypto, they should hand over decision-making power to younger people who understand technology and finance.
We are still in the early stages of the crypto era, much like how we were cautious with the internet. We need community action to promote faster and wider acceptance of crypto. We have paid too much for traditional money transfer and payment services!
Whether we do like it or not on which we do know that adoption and recognition is inevitably been moving on which simply means or shows that we are really that heading upwards. It is really just that there are some certain factors on which it hinders out in overall adoption and recognition but still even if its slowed but we are really that still moving forward. For the talks about cracking on crypto then they cant be able to do it technically not unless for those fully centralized projects but for those projects like bitcoin then there's no way that they can crack it out. The might be able to hinder out via centralization or regulation but they are really just that good only on that way and no on other aspects.
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Indeed, all countries that have accepted crypto have been greatly helped so far, because crypto has opened up a lot of possibilities by giving people the opportunity to earn extra income from doing anything with crypto.
Of course, we also cannot forbid that there are still countries that are not willing to accept it well and, of course, there is something that not everyone can understand why they don't want to accept it.
It could be like you said that they are too old to be able to accept and understand the latest technology, so they really need to regenerate so that they can understand.
Of course, crypto will always develop well, and it is certain that its development is very fast and always up to date.
Many people still don't want to learn about or believe in new financial tools like crypto. For example, the Iranian government is following Nigeria and accusing crypto, not the economic crisis and inflation, of causing their local currency to depreciate severely. I don't know exactly what motivated them to act like this, maybe they are being cautious or simply afraid of new things that they cannot fully understand at the moment.
Anyway, neither Iran nor Nigeria can ban crypto, they can only ban themselves from accessing and owning crypto. At least these events confirm that we are still early investors in this market, and the opportunity is still there for us!
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Indeed, all countries that have accepted crypto have been greatly helped so far, because crypto has opened up a lot of possibilities by giving people the opportunity to earn extra income from doing anything with crypto.
Of course, we also cannot forbid that there are still countries that are not willing to accept it well and, of course, there is something that not everyone can understand why they don't want to accept it.
It could be like you said that they are too old to be able to accept and understand the latest technology, so they really need to regenerate so that they can understand.
Of course, crypto will always develop well, and it is certain that its development is very fast and always up to date.
Many people still don't want to learn about or believe in new financial tools like crypto. For example, the Iranian government is following Nigeria and accusing crypto, not the economic crisis and inflation, of causing their local currency to depreciate severely. I don't know exactly what motivated them to act like this, maybe they are being cautious or simply afraid of new things that they cannot fully understand at the moment.
Anyway, neither Iran nor Nigeria can ban crypto, they can only ban themselves from accessing and owning crypto. At least these events confirm that we are still early investors in this market, and the opportunity is still there for us!
I think what you said about countries that have not been able to accept it because of a lack of understanding seems unlikely, and it is certain that there will be citizens who have understood how important crypto is to unstoppable progress. This is just a policy that they have not been able to implement properly and, in any case, banning crypto is a very difficult thing to do because there is always a loophole to be able to use with the progress that exists in crypto itself.
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Governments do have their own power but it is limited to cryptocurrency, that is why you discover that they only perform little to ensure the regulation needed on the entities they have control over in crypto, that is why they are not also taking it with ease when it comes to the affairs of paying tax under crypto regulations, after knowing that they can't help in any situation on this than to allow the people fight for their right.
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Governments do have their own power but it is limited to cryptocurrency, that is why you discover that they only perform little to ensure the regulation needed on the entities they have control over in crypto, that is why they are not also taking it with ease when it comes to the affairs of paying tax under crypto regulations, after knowing that they can't help in any situation on this than to allow the people fight for their right.
We cannot deny the power and authority of governments in their ability to influence the development of crypto in their countries. Governments have finances, courts, armies, and media, they can do anything they want in the short term, including suppressing crypto. Nigeria and Iran are doing this very well, while China has not yet lifted the crypto ban.
However, in the long term, I believe that people will gradually gain more understanding and will use their voting rights to elect the government that best suits their wishes. If they love crypto, they will have a government that supports crypto!
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Governments can mess with exchanges, force KYC, and limit fiat access, but they can't kill crypto itself HELL NO! Decentralized networks like BTC dont care about borders or censorship. The harder they push, the more clever workarounds pop up.
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Governments can mess with exchanges, force KYC, and limit fiat access, but they can't kill crypto itself HELL NO! Decentralized networks like BTC dont care about borders or censorship. The harder they push, the more clever workarounds pop up.
That's exactly what we're seeing, crypto is now within the purview of governments. Currently, KYC compliance has become very normal and all users are willing to do it, I don't think it's still a topic for debate. If you don't want to do KYC, DEXs are a better choice for investors.
Regarding fiat transaction restrictions: investors can avoid mentioning crypto in the transfer content when trading P2P, that's how they protect themselves from strict government bans. As long as the internet is working, they will always have access to crypto :)
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Governments can mess with exchanges, force KYC, and limit fiat access, but they can't kill crypto itself HELL NO! Decentralized networks like BTC dont care about borders or censorship. The harder they push, the more clever workarounds pop up.
This is indeed true on which they will really be that be able to mess up with exchangers and other businesses out there on which involved with crypto but they would really be just that only good on that point but talking about on literal aspect about stopping it technically then that would really be that impossible except into those centralized coins then this could happen. If ever they would be having that tight regulations on like having that imposed taxes on traders then we can always choose up on using up decentralized exchangers if we do speak about p2p trades but in speaking about on conversion into fiat then it would really be that hard but well we do know that this cant be just possible on having that regulation like that.
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Governments can mess with exchanges, force KYC, and limit fiat access, but they can't kill crypto itself HELL NO! Decentralized networks like BTC dont care about borders or censorship. The harder they push, the more clever workarounds pop up.
If the government wants to, it can forcefully shut down all the crypto coins that are operated from its country because the people of its country have to listen to it and obey the law, but the government does not have the power to crack down on coins that are fully decentralized. Like Bitcoin no one has the power to crack it down only by investing a lot of money its price can be brought down a lot but it cannot be killed. To the extent that Bitcoin has become popular worldwide, no government has the power to kill Bitcoin. That is why people's confidence in danger is increasing day by day
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The government has the power, in fact anything can be done for its people. Including in Cryptocurreny, Although not one hundred percent capable of it, the government can impose restrictions on the use, activities and access to crypto.
For example, there are several countries that block a crypto exchange in a country. And in our own country, every withdrawal of money from Crypto is taxed. And if caught doing illegal transactions, then it can be included in criminal law.
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The government has the power, in fact anything can be done for its people. Including in Cryptocurreny, Although not one hundred percent capable of it, the government can impose restrictions on the use, activities and access to crypto.
For example, there are several countries that block a crypto exchange in a country. And in our own country, every withdrawal of money from Crypto is taxed. And if caught doing illegal transactions, then it can be included in criminal law.
I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.
The government should support crypto, because they can collect taxes from crypto transactions.
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I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.
The government should support crypto, because they can collect taxes from crypto transactions.
Trump just signed an executive order to establish a BTC and crypto reserve fund, which will have a positive impact on the crypto views of other governments globally. I think right now many governments are also planning to establish crypto funds so as not to miss this financial wave.
If BTC is very successful, they will be successful, if BTC is not successful, they will not lose too many assets and the world order will not change. If they reject crypto and then crypto is extremely successful, they will lose a lot, including opportunities and positions in the global economy.
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The government has the power, in fact anything can be done for its people. Including in Cryptocurreny, Although not one hundred percent capable of it, the government can impose restrictions on the use, activities and access to crypto.
For example, there are several countries that block a crypto exchange in a country. And in our own country, every withdrawal of money from Crypto is taxed. And if caught doing illegal transactions, then it can be included in criminal law.
I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.
The government should support crypto, because they can collect taxes from crypto transactions.
Indeed, that is the advantage of crypto. Even though there are prohibitions made with the aim of policies that are carried out for the purpose of protecting but ultimately limiting, they will still not be able to do it fully. There is always a way that can be violated, even with unfavorable risks.
Therefore, in reality, the government does not prohibit but can limit with the aim of always opening up opportunities to be able to be done, but there are things that must not be violated, with the reciprocity of being able to get tax from each transaction.
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Indeed, that is the advantage of crypto. Even though there are prohibitions made with the aim of policies that are carried out for the purpose of protecting but ultimately limiting, they will still not be able to do it fully. There is always a way that can be violated, even with unfavorable risks.
Therefore, in reality, the government does not prohibit but can limit with the aim of always opening up opportunities to be able to be done, but there are things that must not be violated, with the reciprocity of being able to get tax from each transaction.
Crypto has proven its advantages and resilience over the years, it came to this world and will stay until a new asset is capable of replacing it on the internet space. Governments have tried to ban or suppress it but they still failed in the fight against civilization.
High taxes could be the motivation for governments to seriously research how to accept crypto. In addition, political motivation is also noteworthy, every parliamentarian wants to receive votes and donations from the crypto community :)
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The government has the power, in fact anything can be done for its people. Including in Cryptocurreny, Although not one hundred percent capable of it, the government can impose restrictions on the use, activities and access to crypto.
For example, there are several countries that block a crypto exchange in a country. And in our own country, every withdrawal of money from Crypto is taxed. And if caught doing illegal transactions, then it can be included in criminal law.
I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.
The government should support crypto, because they can collect taxes from crypto transactions.
This is why they are trying out to squeeze out those exchangers because they are the ones that they can potentially be able to control out those people who are engaged into crypto but if we do speak about on overall then its not something that you can be able to take control because we do know that decentralization is the main reason on why people do really love crypto. Lets say that we are really that relying into exchangers now on which are centralized but it doesnt mean that government does have that control literally. This is why some government doesnt really like crypto because they do really know that they cant be able to hold up on everything on which is why there are still some that wanting to ban it or having that negative approach towards it.
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I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.
The government should support crypto, because they can collect taxes from crypto transactions.
As long as the internet still exist, the crypto will be able to be access any where in the world unless there is a general crack down of internet all over the world and I'm not sure if the world will be that cruel to close the internet because one government from one country believe that crypto is a threat to the existence of humanity, that wouldn't happen.
Crypto might be political like by some people but that's already an advantage for it not be van for life, this is not 2018 where we think crypto will be facing all sort of allegations and things that will stop their growth. It will always grow bigger.
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I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.
The government should support crypto, because they can collect taxes from crypto transactions.
Trump just signed an executive order to establish a BTC and crypto reserve fund, which will have a positive impact on the crypto views of other governments globally. I think right now many governments are also planning to establish crypto funds so as not to miss this financial wave.
If BTC is very successful, they will be successful, if BTC is not successful, they will not lose too many assets and the world order will not change. If they reject crypto and then crypto is extremely successful, they will lose a lot, including opportunities and positions in the global economy.
The US has always been a nation that other nations look to so I would not be surprised to see and hear that nations have started to implement a Bitcoin strategic reserve after the US government publicly made such an announcement of their intentions to the world and as a matter of fact, many nations have been waiting for this to happen so they could be able to draw their own plans as well to meet up with the world standard. I believe in less than no time, results would start coming forth from nations accepting Bitcoin and also using it as a measure of value in their country. Although it might look like the market is reacting to the US government's actions under Trump, I believe when 5 nations have come up to make official statements of their Bitcoin national reserve, and are successfully running it, then the demand for Bitcoin will drastically increase causing a spike in bitcoin price.
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I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.
The government should support crypto, because they can collect taxes from crypto transactions.
Trump just signed an executive order to establish a BTC and crypto reserve fund, which will have a positive impact on the crypto views of other governments globally. I think right now many governments are also planning to establish crypto funds so as not to miss this financial wave.
If BTC is very successful, they will be successful, if BTC is not successful, they will not lose too many assets and the world order will not change. If they reject crypto and then crypto is extremely successful, they will lose a lot, including opportunities and positions in the global economy.
The US has always been a nation that other nations look to so I would not be surprised to see and hear that nations have started to implement a Bitcoin strategic reserve after the US government publicly made such an announcement of their intentions to the world and as a matter of fact, many nations have been waiting for this to happen so they could be able to draw their own plans as well to meet up with the world standard. I believe in less than no time, results would start coming forth from nations accepting Bitcoin and also using it as a measure of value in their country. Although it might look like the market is reacting to the US government's actions under Trump, I believe when 5 nations have come up to make official statements of their Bitcoin national reserve, and are successfully running it, then the demand for Bitcoin will drastically increase causing a spike in bitcoin price.
Yes, the advancement of the digital assets is gradually expressing itself in international economic relations. Most countries are beginning to address this change by designing the plans to adopt it and some of them even consider placing the bitcoin into the state reserves. Some of the action plans made by several big countries can impact on other countries that are seeking to adapt to new and existing trends. This is not a question of fashions, but it means an organism’s preparedness for the continual change in the system of finance. All these trends seem to indicate that while small progress is being made, this will remain a clear signal for the growth of demand of bitcoins and their fluctuations in prices only when more countries dare come up with provable methods.
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The US has always been a nation that other nations look to so I would not be surprised to see and hear that nations have started to implement a Bitcoin strategic reserve after the US government publicly made such an announcement of their intentions to the world and as a matter of fact, many nations have been waiting for this to happen so they could be able to draw their own plans as well to meet up with the world standard. I believe in less than no time, results would start coming forth from nations accepting Bitcoin and also using it as a measure of value in their country. Although it might look like the market is reacting to the US government's actions under Trump, I believe when 5 nations have come up to make official statements of their Bitcoin national reserve, and are successfully running it, then the demand for Bitcoin will drastically increase causing a spike in bitcoin price.
The US has the world's largest economy and surpasses other nations, a position that gives them global power and influence. For the future of crypto, acceptance and support from the US is extremely necessary, even though crypto can exist on the internet before being accepted by any government.
Currently, every macroeconomic financial fluctuation in the US has an impact on crypto, we see the correlation of fluctuations in the US stock market with BTC price. Thus, the current US government can completely influence crypto through its economic policies.
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Indeed, that is the advantage of crypto. Even though there are prohibitions made with the aim of policies that are carried out for the purpose of protecting but ultimately limiting, they will still not be able to do it fully. There is always a way that can be violated, even with unfavorable risks.
Therefore, in reality, the government does not prohibit but can limit with the aim of always opening up opportunities to be able to be done, but there are things that must not be violated, with the reciprocity of being able to get tax from each transaction.
Crypto has proven its advantages and resilience over the years, it came to this world and will stay until a new asset is capable of replacing it on the internet space. Governments have tried to ban or suppress it but they still failed in the fight against civilization.
High taxes could be the motivation for governments to seriously research how to accept crypto. In addition, political motivation is also noteworthy, every parliamentarian wants to receive votes and donations from the crypto community :)
It is true that crypto has proven everything with its advantages and resilience so far, so there is no doubt that its existence can continue to exist until now. Although there may be new assets that might replace them, it will be very difficult to do and crypto will always be able to provide the ability to survive. It is not easy for the government to try to ban it because there will always be opportunities to commit violations because crypto has its own path. Besides, the government should be able to accept it with the advantage of being able to take taxes on every transaction that occurs, not to prohibit it.
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The US has always been a nation that other nations look to so I would not be surprised to see and hear that nations have started to implement a Bitcoin strategic reserve after the US government publicly made such an announcement of their intentions to the world and as a matter of fact, many nations have been waiting for this to happen so they could be able to draw their own plans as well to meet up with the world standard. I believe in less than no time, results would start coming forth from nations accepting Bitcoin and also using it as a measure of value in their country. Although it might look like the market is reacting to the US government's actions under Trump, I believe when 5 nations have come up to make official statements of their Bitcoin national reserve, and are successfully running it, then the demand for Bitcoin will drastically increase causing a spike in bitcoin price.
The US has the world's largest economy and surpasses other nations, a position that gives them global power and influence. For the future of crypto, acceptance and support from the US is extremely necessary, even though crypto can exist on the internet before being accepted by any government.
Currently, every macroeconomic financial fluctuation in the US has an impact on crypto, we see the correlation of fluctuations in the US stock market with BTC price. Thus, the current US government can completely influence crypto through its economic policies.
Truly the US is the world's largest economy and this makes it possible for them to kind of influence the crypto space because of their economic power but they alone I think are not the only one in this, there are other nations that I believe are also contending with them but the difference is that those nations have not made known their stand on bitcoin that is why it seems that not all nations are into bitcoin but believe me if other world powers just announce bitcoin today, forget about the US influence, bitcoin would pump because the demand for it would increase and it becoming a scarce resources would further make it more valuable than it was.
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It is true that crypto has proven everything with its advantages and resilience so far, so there is no doubt that its existence can continue to exist until now. Although there may be new assets that might replace them, it will be very difficult to do and crypto will always be able to provide the ability to survive. It is not easy for the government to try to ban it because there will always be opportunities to commit violations because crypto has its own path. Besides, the government should be able to accept it with the advantage of being able to take taxes on every transaction that occurs, not to prohibit it.
I've been waiting for the awakening of governments worldwide after BTC was accepted in the US following Trump's election, but it seems things aren't progressing as fast as I expected. Tariff wars and economic uncertainties overshadow positive news about BTC and crypto; people are fearful instead of FOMO!
I'm not sure if governments are secretly accumulating BTC, but for now they're keeping quiet as the BTC price stagnates while altcoin prices continuously drop. At least this boredom isn't making the crypto community so bored that they don't want to demand anything beneficial for market development.
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It is true that crypto has proven everything with its advantages and resilience so far, so there is no doubt that its existence can continue to exist until now. Although there may be new assets that might replace them, it will be very difficult to do and crypto will always be able to provide the ability to survive. It is not easy for the government to try to ban it because there will always be opportunities to commit violations because crypto has its own path. Besides, the government should be able to accept it with the advantage of being able to take taxes on every transaction that occurs, not to prohibit it.
I've been waiting for the awakening of governments worldwide after BTC was accepted in the US following Trump's election, but it seems things aren't progressing as fast as I expected. Tariff wars and economic uncertainties overshadow positive news about BTC and crypto; people are fearful instead of FOMO!
I'm not sure if governments are secretly accumulating BTC, but for now they're keeping quiet as the BTC price stagnates while altcoin prices continuously drop. At least this boredom isn't making the crypto community so bored that they don't want to demand anything beneficial for market development.
Many hoped that when the DT government started accepting some crypto as a reserve currency, it would certainly have an impact on other governments, but in the end there was no impact, and it went on as usual.
I think it is not easy to be able to do, as you said. The reality is that bitcoin continues to correct and altcoins have not changed to at least increase, and it does require more patience to be able to achieve what many want.
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Many hoped that when the DT government started accepting some crypto as a reserve currency, it would certainly have an impact on other governments, but in the end there was no impact, and it went on as usual.
I think it is not easy to be able to do, as you said. The reality is that bitcoin continues to correct and altcoins have not changed to at least increase, and it does require more patience to be able to achieve what many want.
Maybe it's too early to talk about the influence of governments on another government because of crypto. Tbe US that promised to make crypto reserve hasn't really done anything about the reserve, it's the Bitcoin they have seized some years back they plan to use as the reserve, so if they don't buy any Bitcoin yet, we can't really conclude on it yet.
We can't really trust the government judgements on crypto, they have the power to influence but if they really want to influence, it will be on their own interest, it will never be for the people, they will regulate it to fit their own ways and taxes are going to be compulsory, you can't even hide it.
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I would like to know your views on the acts of repression of the crypto market:
- Can crypto continue to thrive without the support of governments?
- Do you think governments can suppress and restrain the crypto market with their power?
- If you were the head of government, would you accept or reject the crypto opportunity for your country?
Bitcoin can exist without governments, because it is not based on speculation, but on decentralization and in a real demand for a global currency, internet money, etc.
Other cryptocurrencies are not that resilient, so the rest of the crypto market certainly need government acceptance and depends on regulations.
(https://th.bing.com/th/id/R.3b8e7719976bac6583ab806f0ce4fc87?rik=0p4jFIL%2bP23%2bWw&pid=ImgRaw&r=0)
The government already knows its weaknesses in controlling Bitcoin and how people relate to it, and instead of facing and accepting the obvious truth, some go wire to declare all manner of negative laws and pronouncements against Bitcoin and its adopters.
Instead of trying to create a policy and regulations that can help the government have some level of control on bitcoin services like centralized services such as exchanges, casinos and other payment gateways to generate revenue.
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The government already knows its weaknesses in controlling Bitcoin and how people relate to it, and instead of facing and accepting the obvious truth, some go wire to declare all manner of negative laws and pronouncements against Bitcoin and its adopters.
Instead of trying to create a policy and regulations that can help the government have some level of control on bitcoin services like centralized services such as exchanges, casinos and other payment gateways to generate revenue.
That's just FUDers, they will always be there.
And it's better to have them rather than real actions taken about BTC and crypto in general.
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Maybe it's too early to talk about the influence of governments on another government because of crypto. Tbe US that promised to make crypto reserve hasn't really done anything about the reserve, it's the Bitcoin they have seized some years back they plan to use as the reserve, so if they don't buy any Bitcoin yet, we can't really conclude on it yet.
We can't really trust the government judgements on crypto, they have the power to influence but if they really want to influence, it will be on their own interest, it will never be for the people, they will regulate it to fit their own ways and taxes are going to be compulsory, you can't even hide it.
Currently, we see many governments starting to accept crypto, like Pakistan, and even conservative governments like Vietnam are looking to regulate crypto for taxation. This isn't a rapid change in a few months; I believe they've been studying this issue for years, but the US's acceptance of crypto has made it impossible for them to remain silent or ignore crypto any longer.
The US is the world's largest economy, and their decisions have global impacts, like the FED's interest rate adjustments. The same will be true for crypto: if the US embraces crypto more actively, such as directly accumulating more BTC and altcoins, game theory will force other governments to join this financial revolution.
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The government already knows its weaknesses in controlling Bitcoin and how people relate to it, and instead of facing and accepting the obvious truth, some go wire to declare all manner of negative laws and pronouncements against Bitcoin and its adopters.
Instead of trying to create a policy and regulations that can help the government have some level of control on bitcoin services like centralized services such as exchanges, casinos and other payment gateways to generate revenue.
That's just FUDers, they will always be there.
And it's better to have them rather than real actions taken about BTC and crypto in general.
Actually this would really be that only the way on which government would really be able to have a good grasps with crypto space on which we do know that they cant really just that possible to literally be able to ban nor really that eradicated Bitcoin or crypto as a whole and thats why there's nothing they can do but to only impose some strict rules and laws into those businesses on which that being that attached or really that being connected with crypto transactions and this is where we do see up that they are really that strict when it comes to implementing rules because they cant just literally be able to crack down crypto. Instead on trying out to ban then they would really be rather be just that needing up to take up such step on utilizing for having more revenues.
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The government already knows its weaknesses in controlling Bitcoin and how people relate to it, and instead of facing and accepting the obvious truth, some go wire to declare all manner of negative laws and pronouncements against Bitcoin and its adopters.
Instead of trying to create a policy and regulations that can help the government have some level of control on bitcoin services like centralized services such as exchanges, casinos and other payment gateways to generate revenue.
That's just FUDers, they will always be there.
And it's better to have them rather than real actions taken about BTC and crypto in general.
Actually this would really be that only the way on which government would really be able to have a good grasps with crypto space on which we do know that they cant really just that possible to literally be able to ban nor really that eradicated Bitcoin or crypto as a whole and thats why there's nothing they can do but to only impose some strict rules and laws into those businesses on which that being that attached or really that being connected with crypto transactions and this is where we do see up that they are really that strict when it comes to implementing rules because they cant just literally be able to crack down crypto. Instead on trying out to ban then they would really be rather be just that needing up to take up such step on utilizing for having more revenues.
Bitcoin and other cryptos are hard to limit and as we see now the government finally accepts and allows its citizens to invest in bitcoin and altcoins. Although bitcoin has not been legalized as a payment method, but by being allowed as an investment tool I think we have seen good developments from crypto. because in the future it will likely be accepted as a payment method soon.
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Bitcoin and other cryptos are hard to limit and as we see now the government finally accepts and allows its citizens to invest in bitcoin and altcoins. Although bitcoin has not been legalized as a payment method, but by being allowed as an investment tool I think we have seen good developments from crypto. because in the future it will likely be accepted as a payment method soon.
Yes, present days different countries begin to allocate certain space for digital assets, which in general shows the shift in their perception of this technology. While in the past few questioned the possibility of the ecosystem long-term sustainability there are many who are willing to take it as an investment tool. This could be the start of a revolution, as these companies keep gaining people’s confidence, making their use in regular transactions the next big thing. It is quite clear that more and more enterprises and organisations begin to accommodate this idea and if the rate of such development will remain the same, it will be possible to state that the digital assets may become one of the key options for the payment system throughout the world.
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Bitcoin and other cryptos are hard to limit and as we see now the government finally accepts and allows its citizens to invest in bitcoin and altcoins. Although bitcoin has not been legalized as a payment method, but by being allowed as an investment tool I think we have seen good developments from crypto. because in the future it will likely be accepted as a payment method soon.
We are just at the beginning of the crypto era. Government acceptance is in its early stages, and I believe it will take a few seasons for crypto to gain global popularity.
Currently, some governments have voiced acceptance of this new asset, some oppose it, and most remain silent to observe and await the results of trials in various other countries. I'm thinking about the moment they collectively confirm the positive value of crypto; that will be the starting point of an accumulation and growth wave.
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We are just at the beginning of the crypto era. Government acceptance is in its early stages, and I believe it will take a few seasons for crypto to gain global popularity.
Currently, some governments have voiced acceptance of this new asset, some oppose it, and most remain silent to observe and await the results of trials in various other countries. I'm thinking about the moment they collectively confirm the positive value of crypto; that will be the starting point of an accumulation and growth wave.
I do think there will be a pro-crypto camp and the CBDC camp. And they will coexist and rival each other sometimes 8)
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I do think there will be a pro-crypto camp and the CBDC camp. And they will coexist and rival each other sometimes 8)
CBDCs are being tested in the EU and China, and I believe I know their outcome. CBDCs can't compete with stablecoins, as they have many weaknesses in their governance model that governments can't seem to solve.
I've always seen CBDCs as just a tool for governments to increase their control. They wanted to use CBDCs to satisfy people with a new type of currency, but they were wrong. Many CBDC plans have been scrapped around the world, and those governments are actively embracing crypto instead of trying to fight and destroy it.
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I do think there will be a pro-crypto camp and the CBDC camp. And they will coexist and rival each other sometimes 8)
CBDCs are being tested in the EU and China, and I believe I know their outcome. CBDCs can't compete with stablecoins, as they have many weaknesses in their governance model that governments can't seem to solve.
I've always seen CBDCs as just a tool for governments to increase their control. They wanted to use CBDCs to satisfy people with a new type of currency, but they were wrong. Many CBDC plans have been scrapped around the world, and those governments are actively embracing crypto instead of trying to fight and destroy it.
In some cases they will be successful, but in most - it would be done purely in spite of BTC and to not to follow what is the best option out there, unfortunately.
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In some cases they will be successful, but in most - it would be done purely in spite of BTC and to not to follow what is the best option out there, unfortunately.
Russia and China have always been countries with extreme political actions related to peace and the economy, so I'm not surprised by their decisions in the face of this crypto wave. Russia has changed its attitude under pressure from a series of Western sanctions, while China is gradually moving towards crypto through Hongkong.
Anyway, no one can destroy BTC or stop others from using BTC, they can only prevent themselves from accessing BTC. I'll wait for their failure and watch them rush to accept crypto in the future to keep up with this new era :)
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Yes, governments can and have cracked down on cryptocurrency in various ways. While they may not be able to completely eliminate decentralized cryptocurrencies like Bitcoin, they can impose regulations, restrict access, and make it difficult for businesses and individuals to use crypto legally.
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- In my understanding, bitcoin and cryptocurrency really exist only through investors. In short, these investors are the heart of this industry, because without investors, bitcoin and even the other top altcoins in this field of crypto space would not last long.
Although, we also know that the majority of cryptocurrencies are run independently, but of course the power and authority still lies with the government because anytime they ban any cryptocurrency if they want it.
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Yes, governments can and have cracked down on cryptocurrency in various ways. While they may not be able to completely eliminate decentralized cryptocurrencies like Bitcoin, they can impose regulations, restrict access, and make it difficult for businesses and individuals to use crypto legally.
Absolutely, it's a fact we have to acknowledge, even with our love for crypto. Some governments hold extreme views, wanting to protect fiat at all costs, and spread propaganda that crypto is just enemy-made software to attack their economy.
Others see crypto as merely a speculative market, lacking the economic value of stocks. They don't grasp the security, independence, and transactional speed that crypto offers. They should be replaced by members with more economic savvy :)
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The government already knows its weaknesses in controlling Bitcoin and how people relate to it, and instead of facing and accepting the obvious truth, some go wire to declare all manner of negative laws and pronouncements against Bitcoin and its adopters.
Instead of trying to create a policy and regulations that can help the government have some level of control on bitcoin services like centralized services such as exchanges, casinos and other payment gateways to generate revenue.
That's just FUDers, they will always be there.
And it's better to have them rather than real actions taken about BTC and crypto in general.
Actually this would really be that only the way on which government would really be able to have a good grasps with crypto space on which we do know that they cant really just that possible to literally be able to ban nor really that eradicated Bitcoin or crypto as a whole and thats why there's nothing they can do but to only impose some strict rules and laws into those businesses on which that being that attached or really that being connected with crypto transactions and this is where we do see up that they are really that strict when it comes to implementing rules because they cant just literally be able to crack down crypto. Instead on trying out to ban then they would really be rather be just that needing up to take up such step on utilizing for having more revenues.
Bitcoin and other cryptos are hard to limit and as we see now the government finally accepts and allows its citizens to invest in bitcoin and altcoins. Although bitcoin has not been legalized as a payment method, but by being allowed as an investment tool I think we have seen good developments from crypto. because in the future it will likely be accepted as a payment method soon.
There are still restrictions that occur, but if he understands that these restrictions are not very effective, they can be done because of the nature of crypto, which can do anything without rules made by the government.
Agree, many have acknowledged that bitcoin can be used as an investment even though it is still limited and cannot be used as a legal means of payment and must be changed into a predetermined fiat, but this is progress that must be accepted, and it is very possible that it will be improved one day, and it will take more time.
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Yes, governments can and have cracked down on cryptocurrency in various ways. While they may not be able to completely eliminate decentralized cryptocurrencies like Bitcoin, they can impose regulations, restrict access, and make it difficult for businesses and individuals to use crypto legally.
Yes, but we have seen countries that has total crackdown on Bitcoin still has a lot of investors or holders. So for me, regardless of what kind of crackdown the government will do, they can't simply stop Bitcoin from moving forward in their country.
Bitcoin investors are smart I believed, and because it's one of the best asset right now, there are still going to be individuals who are willing to take risk and that big leap on Bitcoin.
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Yes, but we have seen countries that has total crackdown on Bitcoin still has a lot of investors or holders. So for me, regardless of what kind of crackdown the government will do, they can't simply stop Bitcoin from moving forward in their country.
Bitcoin investors are smart I believed, and because it's one of the best asset right now, there are still going to be individuals who are willing to take risk and that big leap on Bitcoin.
Crypto investors who are intelligent and knowledgeable use P2P & OTC in their investment process. Even in countries that have not yet accepted crypto, P2P and OTC transactions are chosen to avoid unnecessary risks.
Gradually, we are seeing the acceptance of crypto becoming more widespread globally. Governments that do not accept crypto will soon be left behind or replaced by more modern governments. I don't think anyone is willing to go against crypto and give up their political career :)
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Yes, but we have seen countries that has total crackdown on Bitcoin still has a lot of investors or holders. So for me, regardless of what kind of crackdown the government will do, they can't simply stop Bitcoin from moving forward in their country.
Bitcoin investors are smart I believed, and because it's one of the best asset right now, there are still going to be individuals who are willing to take risk and that big leap on Bitcoin.
Bitcoin will never cease to amaze the world with one restriction or the other and while this might appear to be the beauty of this digital currency, there is no doubt that stringent regulation is not a new thing in the world of bitcoins and it just goes to demonstrate that this asset has a value that cannot be underestimated. As much as governments in various countries have tried to crack down on this virtual currency, experience has it that such a currency has stood its ground and even progresses. Those intelligent investors who are aware of this great potential in the long run will not be influenced by those policies as they are just but short-term. The paradox of it is that in such circumstances, they comprehend a better chance to reinstate and persevere. Thus, interest is not only cyclical in the sense of the popularity of trends but also based on the potential of Bitcoin as an independent digital currency.
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Crypto investors who are intelligent and knowledgeable use P2P & OTC in their investment process. Even in countries that have not yet accepted crypto, P2P and OTC transactions are chosen to avoid unnecessary risks.
Gradually, we are seeing the acceptance of crypto becoming more widespread globally. Governments that do not accept crypto will soon be left behind or replaced by more modern governments. I don't think anyone is willing to go against crypto and give up their political career :)
The pros will eventually outweigh the cons for such entities; here, I definitely agree.
We just need to see through the fud of some of them and the adoption will shine brighter than ever going forward.
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Bitcoin will never cease to amaze the world with one restriction or the other and while this might appear to be the beauty of this digital currency, there is no doubt that stringent regulation is not a new thing in the world of bitcoins and it just goes to demonstrate that this asset has a value that cannot be underestimated. As much as governments in various countries have tried to crack down on this virtual currency, experience has it that such a currency has stood its ground and even progresses. Those intelligent investors who are aware of this great potential in the long run will not be influenced by those policies as they are just but short-term. The paradox of it is that in such circumstances, they comprehend a better chance to reinstate and persevere. Thus, interest is not only cyclical in the sense of the popularity of trends but also based on the potential of Bitcoin as an independent digital currency.
Governments dislike crypto, but they also can't protect the value of fiat. When faced with excessive public spending needs, while also supporting the economy with quantitative easing plans, governments will agree to let fiat depreciate. As a result, BTC and many other top coins will increase in price relative to fiat. That's an inevitable consequence.
Crypto isn't becoming more expensive or stronger, it's simply that fiat is losing its purchasing power. This is a contradiction that governments can't resolve; they'll simply have to accept crypto at some point in the future, or that government will simply be replaced by the decision of young voters in future elections.
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In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.
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In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.
I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.
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if I'm the head of the Government of my country, the decision to either accept or reject crypto opportunities will be based on the attendant benefits or risks associated with it. If accepting it will open doors of new opportunities for economic growth, aid my country rise in digital finance and tech and attract investment then yes I will support the use of crypto. But on the contrary, if accepting crypto opportunities will promote illegal activities like money laundering, terrorism financing and tax evasion, then outrightly I will reject it.
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We know that Bitcoin is banned in almost every country. And there are many more countries where it is legalized. I can say that there should be rules in every country regarding this, which is also the case in many countries where Bitcoin transactions and investments are going on, and many people are using it for sales. But nowadays if we notice that Bitcoin has become popular in many countries due to its high value. And one of the biggest currencies in the crypto market is Bitcoin.
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I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.
All such things are not fair.
They wouldn't look at it from such a direction, only from what they want to achieve.
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In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.
I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.
Actually, the government's fear of not legalizing bitcoin is because it is afraid that bitcoin will be misused, because the decentralization system is difficult to track. However, bitcoin is a technological advancement, the government should consider accepting it. Because no one can reject technological advancement, bitcoin will be more popular and widely used in the future.
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In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.
I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.
Actually, the government's fear of not legalizing bitcoin is because it is afraid that bitcoin will be misused, because the decentralization system is difficult to track. However, bitcoin is a technological advancement, the government should consider accepting it. Because no one can reject technological advancement, bitcoin will be more popular and widely used in the future.
Yes, you are right, Rukti Sangh. Yes, the government may be afraid that if Bitcoin is legalized, it may be misused. Because it is very difficult for the government to control. But one thing is that the government should consider it because people are now very attracted to it and it is used for personal transactions and investments. And if it is legalized, it may get more popularity.
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In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.
I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.
Actually, the government's fear of not legalizing bitcoin is because it is afraid that bitcoin will be misused, because the decentralization system is difficult to track. However, bitcoin is a technological advancement, the government should consider accepting it. Because no one can reject technological advancement, bitcoin will be more popular and widely used in the future.
I agree with this take.
No control => no much interest for the bigger guys in question, because they want to have levers to influence anything they touch.
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In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.
I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.
Actually, the government's fear of not legalizing bitcoin is because it is afraid that bitcoin will be misused, because the decentralization system is difficult to track. However, bitcoin is a technological advancement, the government should consider accepting it. Because no one can reject technological advancement, bitcoin will be more popular and widely used in the future.
Yes, you are right, Rukti Sangh. Yes, the government may be afraid that if Bitcoin is legalized, it may be misused. Because it is very difficult for the government to control. But one thing is that the government should consider it because people are now very attracted to it and it is used for personal transactions and investments. And if it is legalized, it may get more popularity.
There will always be risks that must be borne if you really want to legalize bitcoin, because the possibility that many people fear can be reduced by regulations that can provide government officials with regulations that can protect them and there are many things that can be done, even though it seems very difficult because of the nature of bitcoin itself.
By giving the freedom given to bitcoin, many will regulate themselves not to violate the rules that may be applied because there is freedom that is created.
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There will always be risks that must be borne if you really want to legalize bitcoin, because the possibility that many people fear can be reduced by regulations that can provide government officials with regulations that can protect them and there are many things that can be done, even though it seems very difficult because of the nature of bitcoin itself.
By giving the freedom given to bitcoin, many will regulate themselves not to violate the rules that may be applied because there is freedom that is created.
in making the decision to legalize bitcoin, the government should have rules that regulate its citizens so that they do not make mistakes and misuse crypto for illegal activities.
because that is the government's job to make regulations for its citizens to obey.
although bitcoin and altcoin are difficult for the government to track, if there are already rules, it is likely that as good citizens they will not violate them.
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There will always be risks that must be borne if you really want to legalize bitcoin, because the possibility that many people fear can be reduced by regulations that can provide government officials with regulations that can protect them and there are many things that can be done, even though it seems very difficult because of the nature of bitcoin itself.
By giving the freedom given to bitcoin, many will regulate themselves not to violate the rules that may be applied because there is freedom that is created.
in making the decision to legalize bitcoin, the government should have rules that regulate its citizens so that they do not make mistakes and misuse crypto for illegal activities.
because that is the government's job to make regulations for its citizens to obey.
although bitcoin and altcoin are difficult for the government to track, if there are already rules, it is likely that as good citizens they will not violate them.
My view is that when something comes in an economic system it should enable its citizens feel like they are not outsiders or excluded. It deeply sophisticated to some but in real terms, one should not avoid it. Thus, to some extent, the government can put in place measures to control it and make the masses accept it in the process. If you are new into the world of crypto, then you must be wondering if an independent state protects the rights of people in making transactions. Lack of bias and stringency in rules will make many participants of the event come forward without much apprehension. If the government appears not only as the controller to regulate such paths, but as a kind of a shepherd for the society, it will be easier for the society to establish a new healthy culture in using such instruments like Bitcoin.
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There will always be risks that must be borne if you really want to legalize bitcoin, because the possibility that many people fear can be reduced by regulations that can provide government officials with regulations that can protect them and there are many things that can be done, even though it seems very difficult because of the nature of bitcoin itself.
By giving the freedom given to bitcoin, many will regulate themselves not to violate the rules that may be applied because there is freedom that is created.
in making the decision to legalize bitcoin, the government should have rules that regulate its citizens so that they do not make mistakes and misuse crypto for illegal activities.
because that is the government's job to make regulations for its citizens to obey.
although bitcoin and altcoin are difficult for the government to track, if there are already rules, it is likely that as good citizens they will not violate them.
My view is that when something comes in an economic system it should enable its citizens feel like they are not outsiders or excluded. It deeply sophisticated to some but in real terms, one should not avoid it. Thus, to some extent, the government can put in place measures to control it and make the masses accept it in the process. If you are new into the world of crypto, then you must be wondering if an independent state protects the rights of people in making transactions. Lack of bias and stringency in rules will make many participants of the event come forward without much apprehension. If the government appears not only as the controller to regulate such paths, but as a kind of a shepherd for the society, it will be easier for the society to establish a new healthy culture in using such instruments like Bitcoin.
while it's true that risk is inevitable in any financial system, Regulations can help reduce some of the concerns associated with bitcoin, regulations can help protect consumers ensuring that they are not been deceived i think the best form of regulations is finding a balance between protecting consumers and allowing innovation and freedom.
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There will always be risks that must be borne if you really want to legalize bitcoin, because the possibility that many people fear can be reduced by regulations that can provide government officials with regulations that can protect them and there are many things that can be done, even though it seems very difficult because of the nature of bitcoin itself.
By giving the freedom given to bitcoin, many will regulate themselves not to violate the rules that may be applied because there is freedom that is created.
in making the decision to legalize bitcoin, the government should have rules that regulate its citizens so that they do not make mistakes and misuse crypto for illegal activities.
because that is the government's job to make regulations for its citizens to obey.
although bitcoin and altcoin are difficult for the government to track, if there are already rules, it is likely that as good citizens they will not violate them.
Actually they can do it but we do know that the problem isnt on the governance itself but rather it is into its citizens and that what makes it really that hard to oeganized if people wont be that listening out with those cautions in regarding about risky investment. The only shit thing on what government do is on the time that they do make out some warnings that crypto is dangerous and really that makes something that not appealing to deal on with or simply they are making up some generalization and that what makes that government looks that they dont really like crypto after all. Although not all countries do share up with the save view and sentiment in regarding to this but actually there are already places on which its been allowed and making it as a legal tender.
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while it's true that risk is inevitable in any financial system, Regulations can help reduce some of the concerns associated with bitcoin, regulations can help protect consumers ensuring that they are not been deceived i think the best form of regulations is finding a balance between protecting consumers and allowing innovation and freedom.
That's the perfect scenario every government wants to achieve, but usually we won't be able to get there, we'll only get close to it after a lot of long-term trials and adjustments. 15 years is long enough for governments to refine their attitude and perspective towards crypto. Currently, many governments are starting to accept crypto, or at least don't hate it, but they will need more time to appropriately incorporate it into their economies to maximize the potential that crypto can bring.
El Salvador has successfully implemented a BTC strategy, but many large economies cannot simply copy it crudely and apply it to their own countries. The US is also being very cautious, while China is being overly cautious to the point of not yet daring to lift its crypto ban. One positive thing is that we are still very early participants in this market, the opportunity is still ours!
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while it's true that risk is inevitable in any financial system, Regulations can help reduce some of the concerns associated with bitcoin, regulations can help protect consumers ensuring that they are not been deceived i think the best form of regulations is finding a balance between protecting consumers and allowing innovation and freedom.
To adopt is to regulate.
We won't be seeing broader adoption without regulations.
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Actually they can do it but we do know that the problem isnt on the governance itself but rather it is into its citizens and that what makes it really that hard to oeganized if people wont be that listening out with those cautions in regarding about risky investment. The only shit thing on what government do is on the time that they do make out some warnings that crypto is dangerous and really that makes something that not appealing to deal on with or simply they are making up some generalization and that what makes that government looks that they dont really like crypto after all. Although not all countries do share up with the save view and sentiment in regarding to this but actually there are already places on which its been allowed and making it as a legal tender.
At the beginning of bitcoin's launch, many governments banned it and said that bitcoin was very dangerous because the risk was very high. However, over time bitcoin became more famous and more expensive. Each government has its own opinion and considerations, in fact, bitcoin is now starting to be accepted in many countries.
so we as crypto lovers are starting to feel comfortable and safe to invest.
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Actually they can do it but we do know that the problem isnt on the governance itself but rather it is into its citizens and that what makes it really that hard to oeganized if people wont be that listening out with those cautions in regarding about risky investment. The only shit thing on what government do is on the time that they do make out some warnings that crypto is dangerous and really that makes something that not appealing to deal on with or simply they are making up some generalization and that what makes that government looks that they dont really like crypto after all. Although not all countries do share up with the save view and sentiment in regarding to this but actually there are already places on which its been allowed and making it as a legal tender.
At the beginning of bitcoin's launch, many governments banned it and said that bitcoin was very dangerous because the risk was very high. However, over time bitcoin became more famous and more expensive. Each government has its own opinion and considerations, in fact, bitcoin is now starting to be accepted in many countries.
so we as crypto lovers are starting to feel comfortable and safe to invest.
Yes, when Bitcoin started, the government in all countries prevented it from starting, because they knew that if it spread across the country, it might become a big consideration, so they never supported its launch. However, although it was exchanged online and it is now used by many people as a transaction and investment. So it has now been legalized in many countries and the government of all countries should consider this issue. I think if it gets more legalization, maybe more people will demand Bitcoin.
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At the beginning of bitcoin's launch, many governments banned it and said that bitcoin was very dangerous because the risk was very high. However, over time bitcoin became more famous and more expensive. Each government has its own opinion and considerations, in fact, bitcoin is now starting to be accepted in many countries.
so we as crypto lovers are starting to feel comfortable and safe to invest.
I think BTC has moved incredibly fast to get to where it is today, but this is just the beginning of its journey to becoming a worthy strategic reserve asset like gold. Governments can hardly agree on more crucial decisions like combating climate change, so they won't be able to jointly ban BTC either.
BTC has survived, and it will continue to survive for many more decades despite government reactions. We are witnessing the power of the US in the trade war, and that could be evident as soon as the US has an official law allowing BTC accumulation. I'm looking forward to the Chinese government's confusion when they announce they will allow crypto trading domestically :)
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Yes, when Bitcoin started, the government in all countries prevented it from starting, because they knew that if it spread across the country, it might become a big consideration, so they never supported its launch. However, although it was exchanged online and it is now used by many people as a transaction and investment. So it has now been legalized in many countries and the government of all countries should consider this issue. I think if it gets more legalization, maybe more people will demand Bitcoin.
Countries just don't give a damn before it affects their structure / ways of things, then, they start taking notice.. For the better or worse.
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Countries just don't give a damn before it affects their structure / ways of things, then, they start taking notice.. For the better or worse.
The government will only officially consider crypto for acceptance or prohibition when they realize they can no longer ignore it and pretend it doesn't exist. People are talking about crypto, and the government knows it has impacted the economy, preventing them from staying silent any longer.
If the government accepts and supports crypto, investors will benefit. Conversely, if some governments ban crypto, people will have to secretly engage in P2P transactions to protect their assets instead of trusting fiat.
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Countries just don't give a damn before it affects their structure / ways of things, then, they start taking notice.. For the better or worse.
The government will only officially consider crypto for acceptance or prohibition when they realize they can no longer ignore it and pretend it doesn't exist. People are talking about crypto, and the government knows it has impacted the economy, preventing them from staying silent any longer.
If the government accepts and supports crypto, investors will benefit. Conversely, if some governments ban crypto, people will have to secretly engage in P2P transactions to protect their assets instead of trusting fiat.
If the government supports crypto, it will certainly have a good effect on the market, and currently many governments have started to allow crypto to be used as an investment by their citizens.
The government should accept crypto because crypto is getting more popular, especially butcoin and will be more popular in the future.
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If the government supports crypto, it will certainly have a good effect on the market, and currently many governments have started to allow crypto to be used as an investment by their citizens.
The government should accept crypto because crypto is getting more popular, especially butcoin and will be more popular in the future.
The engagement of the public in the use of the digital assets is not a thing that only happens in some of the community areas. Well, today we are witnessing its further evolution and more and more people include it in the list of major financial factors. As this trend progresses and reaches more and more people the concept of governance and the involvement of government steps in this mix. It is a fact that a phase of post innovation will always come with a phase of adaptation and where the old order is being displaced by the new there are very strong frictions between the two that cannot be dismissive. As far as policies are concerned, they are not mere reactions but an indication that the world is changing and Digital assets are no more an idea in some corner.
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Actually they can do it but we do know that the problem isnt on the governance itself but rather it is into its citizens and that what makes it really that hard to oeganized if people wont be that listening out with those cautions in regarding about risky investment. The only shit thing on what government do is on the time that they do make out some warnings that crypto is dangerous and really that makes something that not appealing to deal on with or simply they are making up some generalization and that what makes that government looks that they dont really like crypto after all. Although not all countries do share up with the save view and sentiment in regarding to this but actually there are already places on which its been allowed and making it as a legal tender.
At the beginning of bitcoin's launch, many governments banned it and said that bitcoin was very dangerous because the risk was very high. However, over time bitcoin became more famous and more expensive. Each government has its own opinion and considerations, in fact, bitcoin is now starting to be accepted in many countries.
so we as crypto lovers are starting to feel comfortable and safe to invest.
Yes, having Bitcoin in a country means poverty alleviation. The government of every country should consider these aspects. If you look at the world, those countries where Bitcoin is legal have developed. If the government legalizes Bitcoin in a country, they can invest and make profits, and use Bitcoin as a salary. The world has now become famous by using Bitcoin and has developed their countries. So the use of Bitcoin to move every country forward and free the poor is immense.
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If the government supports crypto, it will certainly have a good effect on the market, and currently many governments have started to allow crypto to be used as an investment by their citizens.
The government should accept crypto because crypto is getting more popular, especially butcoin and will be more popular in the future.
It's either that, or a "war on all crypto".
For now, it's too early to think of such a thing, and many are already going out of their ways to try to regulate crypto and gain from value from it - and I do hope all the rest of the big countries will follow such examples.
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Countries just don't give a damn before it affects their structure / ways of things, then, they start taking notice.. For the better or worse.
The government will only officially consider crypto for acceptance or prohibition when they realize they can no longer ignore it and pretend it doesn't exist. People are talking about crypto, and the government knows it has impacted the economy, preventing them from staying silent any longer.
If the government accepts and supports crypto, investors will benefit. Conversely, if some governments ban crypto, people will have to secretly engage in P2P transactions to protect their assets instead of trusting fiat.
If the government supports crypto, it will certainly have a good effect on the market, and currently many governments have started to allow crypto to be used as an investment by their citizens.
The government should accept crypto because crypto is getting more popular, especially butcoin and will be more popular in the future.
Everyone certainly hopes, as you say, but of course, a country has policies that are adjusted to the situation of its country and cannot be intervened for that right.
I agree that the more countries support crypto, the more it will develop and the benefits of crypto will be very helpful for those who do use crypto to find additional work from routine work that has been done so far.
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Everyone certainly hopes, as you say, but of course, a country has policies that are adjusted to the situation of its country and cannot be intervened for that right.
I agree that the more countries support crypto, the more it will develop and the benefits of crypto will be very helpful for those who do use crypto to find additional work from routine work that has been done so far.
Water, eventually, breaks and pushes rocks no matter how big they are ;) That is what can be said about the situation we are in.
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Everyone certainly hopes, as you say, but of course, a country has policies that are adjusted to the situation of its country and cannot be intervened for that right.
I agree that the more countries support crypto, the more it will develop and the benefits of crypto will be very helpful for those who do use crypto to find additional work from routine work that has been done so far.
We are going to see parabolic growth in the global adoption wave of crypto, and this could benefit everyone through the unique utilities that only blockchain and crypto can bring.
However, from what I've gathered, many traders don't like this. They don't want to have to pay taxes on their profits; they are used to protecting themselves from market risks and see crypto as a gray area market. They don't want governments to interfere too much or tax their income :)
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Everyone certainly hopes, as you say, but of course, a country has policies that are adjusted to the situation of its country and cannot be intervened for that right.
I agree that the more countries support crypto, the more it will develop and the benefits of crypto will be very helpful for those who do use crypto to find additional work from routine work that has been done so far.
We are going to see parabolic growth in the global adoption wave of crypto, and this could benefit everyone through the unique utilities that only blockchain and crypto can bring.
However, from what I've gathered, many traders don't like this. They don't want to have to pay taxes on their profits; they are used to protecting themselves from market risks and see crypto as a gray area market. They don't want governments to interfere too much or tax their income :)
most people are not sincere in paying taxes, it is natural because tax revenues are also sometimes corrupted by individuals.
However, as good citizens, we should follow government regulations to pay taxes, because the government allows us to invest in crypto is something good for us crypto lovers.
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most people are not sincere in paying taxes, it is natural because tax revenues are also sometimes corrupted by individuals.
However, as good citizens, we should follow government regulations to pay taxes, because the government allows us to invest in crypto is something good for us crypto lovers.
From a macro perspective, if the government embraces crypto, it's an opportunity for crypto to reach more investors, tap into more abundant capital, and the crypto market will grow stronger, benefiting everyone. However, many investors don't need government backing, they also don't hold tokens in long term and just want to make profits to survive, they don't want to share taxes with the government.
Especially, many governments only accept crypto to collect taxes without any concern for the rights of new projects or wanting to protect investors from scams in this market, which also makes many investors dissatisfied and look for ways to evade taxes!
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most people are not sincere in paying taxes, it is natural because tax revenues are also sometimes corrupted by individuals.
However, as good citizens, we should follow government regulations to pay taxes, because the government allows us to invest in crypto is something good for us crypto lovers.
I want to ask, do you guys pay taxes for investing on cryptocurrency in your country? Because is actually strange to me because I don't no how it should be paid and how the government would no if someone is paying an accurate tax since they cannot track the person. However we don't pay taxes on cryptocurrency and besides our government has not made it a way we should be paying for cryptocurrency investment but who knows if in the future they would start requesting for cryptocurrency tax.
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most people are not sincere in paying taxes, it is natural because tax revenues are also sometimes corrupted by individuals.
However, as good citizens, we should follow government regulations to pay taxes, because the government allows us to invest in crypto is something good for us crypto lovers.
I want to ask, do you guys pay taxes for investing on cryptocurrency in your country? Because is actually strange to me because I don't no how it should be paid and how the government would no if someone is paying an accurate tax since they cannot track the person. However we don't pay taxes on cryptocurrency and besides our government has not made it a way we should be paying for cryptocurrency investment but who knows if in the future they would start requesting for cryptocurrency tax.
In my opinion, when we make transactions on a local exchange, we are taxed and the government takes taxes from it. But I don't know if that applies in other countries. Because the government of each country has its own policy in taking taxes, and some crypto investors also object to the fees charged when making transactions on local exchanges.
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In my opinion, when we make transactions on a local exchange, we are taxed and the government takes taxes from it. But I don't know if that applies in other countries. Because the government of each country has its own policy in taking taxes, and some crypto investors also object to the fees charged when making transactions on local exchanges.
It is normal to experience disagreement regarding taxes particularly where the transaction occurs in an emerging industry like the crypto assets. This feeling is not surprising if you have the impression that the local exchange is a burden to you, especially if the fees eats up most of the profits. On the other hand, governments do have a stake in the flow of funds and prevention of domination of the local market. This means that while each country was implementing the change all can have different rules that are adopted depending with how each country view these digital assets. It does make some investors think about the cost of trading on a foreign exchange which may be lower while of course there new liabilities that are associated with this. Therefore, it is quite logical that you can still wonder about the clarity of the rules in the other staking points, as these are not yet standardised.
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It is normal to experience disagreement regarding taxes particularly where the transaction occurs in an emerging industry like the crypto assets. This feeling is not surprising if you have the impression that the local exchange is a burden to you, especially if the fees eats up most of the profits. On the other hand, governments do have a stake in the flow of funds and prevention of domination of the local market. This means that while each country was implementing the change all can have different rules that are adopted depending with how each country view these digital assets. It does make some investors think about the cost of trading on a foreign exchange which may be lower while of course there new liabilities that are associated with this. Therefore, it is quite logical that you can still wonder about the clarity of the rules in the other staking points, as these are not yet standardised.
Some countries already have their own CEXs, and they collect taxes from crypto similarly to how they do from stocks. The people there don't object because they only focus on profits instead of the nature of the market. This is different from in the US, where the crypto community doesn't want to be under the command of the SEC, especially since the Howey test can't help determine if crypto is a security.
Usually, taxes from stocks are quite low, and this makes the people happy. Only a few countries tax crypto very highly with the indirect aim of suppressing the development of this market, they collect taxes from crypto but don't use that capital to develop or protect this market.
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In my opinion, when we make transactions on a local exchange, we are taxed and the government takes taxes from it. But I don't know if that applies in other countries. Because the government of each country has its own policy in taking taxes, and some crypto investors also object to the fees charged when making transactions on local exchanges.
That's right and every withdrawal to a conventional bank will also be taxed, that's how the government taxes crypto players from local exchanges. I think every country also does the same way of taxing people who do crypto activities, but there are indeed some who make transactions on global exchanges so they are free from the tax.
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That's right and every withdrawal to a conventional bank will also be taxed, that's how the government taxes crypto players from local exchanges. I think every country also does the same way of taxing people who do crypto activities, but there are indeed some who make transactions on global exchanges so they are free from the tax.
There are some tier 1 exhanges some government tax and one of them is Kucoin, there is an added value tax Vat of 7% that is tax from trading and from withdrawal but the government doesn't charge them an additional tax. The government are very unfair with crypto players because they don't even consider most of the losses that happened all the time.
When I see how some people are been tax with 30% income on their crypto holding, I feel they are only trying to discourage people from buying and selling crypto because I don't know why government will take $300 from $1k you made and be left with $700. That's not fair in my book.
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In my opinion, when we make transactions on a local exchange, we are taxed and the government takes taxes from it. But I don't know if that applies in other countries. Because the government of each country has its own policy in taking taxes, and some crypto investors also object to the fees charged when making transactions on local exchanges.
That's right and every withdrawal to a conventional bank will also be taxed, that's how the government taxes crypto players from local exchanges. I think every country also does the same way of taxing people who do crypto activities, but there are indeed some who make transactions on global exchanges so they are free from the tax.
Actually, it doesn't matter if the government imposes taxes on our transactions or eithdraws on local exchanges, as long as it's not too high. because sometimes our profits are not big, sometimes a trader also experiences losses.
We as investors also sometimes feel burdened if the taxes imposed are too high, but the government allowing crypto is a good thing for crypto lovers so we must be grateful.
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In my opinion, when we make transactions on a local exchange, we are taxed and the government takes taxes from it. But I don't know if that applies in other countries. Because the government of each country has its own policy in taking taxes, and some crypto investors also object to the fees charged when making transactions on local exchanges.
That's right and every withdrawal to a conventional bank will also be taxed, that's how the government taxes crypto players from local exchanges. I think every country also does the same way of taxing people who do crypto activities, but there are indeed some who make transactions on global exchanges so they are free from the tax.
Actually, it doesn't matter if the government imposes taxes on our transactions or eithdraws on local exchanges, as long as it's not too high. because sometimes our profits are not big, sometimes a trader also experiences losses.
We as investors also sometimes feel burdened if the taxes imposed are too high, but the government allowing crypto is a good thing for crypto lovers so we must be grateful.
The government never demands tax when someone is financially disadvantaged. In every country, a taxpayer amount is specified for every citizen. When someone exceeds that taxpayer amount, the government takes tax on that money. Similarly, this happens in the case of crypto. When you make a good profit, you have to pay taxes to the government on that profit. And paying this tax is the responsibility of every citizen because when the people of the country pay taxes correctly, only then will a country develop. And all the advantages of that country will be enjoyed by the citizen.
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In my opinion, when we make transactions on a local exchange, we are taxed and the government takes taxes from it. But I don't know if that applies in other countries. Because the government of each country has its own policy in taking taxes, and some crypto investors also object to the fees charged when making transactions on local exchanges.
That's right and every withdrawal to a conventional bank will also be taxed, that's how the government taxes crypto players from local exchanges. I think every country also does the same way of taxing people who do crypto activities, but there are indeed some who make transactions on global exchanges so they are free from the tax.
Actually, it doesn't matter if the government imposes taxes on our transactions or eithdraws on local exchanges, as long as it's not too high. because sometimes our profits are not big, sometimes a trader also experiences losses.
We as investors also sometimes feel burdened if the taxes imposed are too high, but the government allowing crypto is a good thing for crypto lovers so we must be grateful.
I concur with this statement but just to suggest that so long as taxes are not outrageous, people are okay with them since the state needs to be paid what it is getting as part of the business activity. However, there is one more which should be mentioned, namely if the system of taxation is efficient and reasonable in regard to the existing conditions in the field. Traders are not just with the primary motive of earning profit and they lose at times and that too no less. The government should also understand that every other person may not become a millionaire or make record high returns in this market. If taxes are levied strictly without any consideration to the above mentioned fluctuations, then what is likely to happen is that complaints will surface from investors and what may accompany this is a lack of interest in the legal business transactions. I rather conceive a system which would be fair, specific reasonable and with some understanding that this is a financial activity where people are involved.
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Actually, it doesn't matter if the government imposes taxes on our transactions or eithdraws on local exchanges, as long as it's not too high. because sometimes our profits are not big, sometimes a trader also experiences losses.
We as investors also sometimes feel burdened if the taxes imposed are too high, but the government allowing crypto is a good thing for crypto lovers so we must be grateful.
Yes, I am the same, if the tax is too high, I will also object. But what can I do if it has become a rule, whether we like it or not, we will definitely follow it. But fortunately, I think in our country the tax collection is not too high, and everyone here has complied with the rule.
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The government never demands tax when someone is financially disadvantaged. In every country, a taxpayer amount is specified for every citizen. When someone exceeds that taxpayer amount, the government takes tax on that money. Similarly, this happens in the case of crypto. When you make a good profit, you have to pay taxes to the government on that profit. And paying this tax is the responsibility of every citizen because when the people of the country pay taxes correctly, only then will a country develop. And all the advantages of that country will be enjoyed by the citizen.
if every citizen pays taxes properly then the state income will be large and can be used for the good of the country, for example for development etc.
Taxes are imposed on those who are able, as far as I know. so the government has a minimum income limit for citizens who are required to pay taxes. The government certainly has rules that have been properly studied.
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The government never demands tax when someone is financially disadvantaged. In every country, a taxpayer amount is specified for every citizen. When someone exceeds that taxpayer amount, the government takes tax on that money. Similarly, this happens in the case of crypto. When you make a good profit, you have to pay taxes to the government on that profit. And paying this tax is the responsibility of every citizen because when the people of the country pay taxes correctly, only then will a country develop. And all the advantages of that country will be enjoyed by the citizen.
if every citizen pays taxes properly then the state income will be large and can be used for the good of the country, for example for development etc.
Taxes are imposed on those who are able, as far as I know. so the government has a minimum income limit for citizens who are required to pay taxes. The government certainly has rules that have been properly studied.
Of course, if all the citizens fulfil their obligations to pay taxes, the revenues to the states will undeniably rise and promote further opportunity for the developments that are fairer. But there are moments when they develop some dissatisfaction when paying taxes, and after analysing the situation, there are no distinct improvements in daily life. While there are regulations on which standard of taxpayers is governed, I consider it crucial that the funds called for by the tax system should transparent in terms of usage. This for the reason people have to be informed how their tax money is spent particularly on big infrastructure projects so that that it continues to feel that their obligations benefit directly the state and the society.
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Actually, it doesn't matter if the government imposes taxes on our transactions or eithdraws on local exchanges, as long as it's not too high. because sometimes our profits are not big, sometimes a trader also experiences losses.
We as investors also sometimes feel burdened if the taxes imposed are too high, but the government allowing crypto is a good thing for crypto lovers so we must be grateful.
Yes, I am the same, if the tax is too high, I will also object. But what can I do if it has become a rule, whether we like it or not, we will definitely follow it. But fortunately, I think in our country the tax collection is not too high, and everyone here has complied with the rule.
The rule should also be able to adopt the wishes of those who do it, because in the end, everyone will benefit, and it should not be one-sided because there could be violations and that could happen. I agree that the advantage is that the tax is not too high and, in the end, everyone can accept and follow the existing rules, because it is also not good to violate the rules that have been made.
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The rule should also be able to adopt the wishes of those who do it, because in the end, everyone will benefit, and it should not be one-sided because there could be violations and that could happen. I agree that the advantage is that the tax is not too high and, in the end, everyone can accept and follow the existing rules, because it is also not good to violate the rules that have been made.
I think what gave the government this courage of high tax is because they say how profitable it has been for many. Imagine somebody that has been holding Bitcoin since 2010 and are still holding it to now, that's a crazy profit one will be having and paying such will not move them if they are serious about paying the tax in the first place.
With time, if profits that are been made in crypto aren't that big like they used to be when the tax are implemented, they will have to force it down for people to play along otherwise people will be discourage from investment in crypto.
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I think what gave the government this courage of high tax is because they say how profitable it has been for many. Imagine somebody that has been holding Bitcoin since 2010 and are still holding it to now, that's a crazy profit one will be having and paying such will not move them if they are serious about paying the tax in the first place.
With time, if profits that are been made in crypto aren't that big like they used to be when the tax are implemented, they will have to force it down for people to play along otherwise people will be discourage from investment in crypto.
The greed of governments knows no bounds, because they also face the problem of budget overruns and are looking for new sources of revenue to continue operating. They accept crypto with the hope of more taxes from investors and the hope that the economy will have more impetus to grow. Usually, politicians who do not participate in this market as investors do not understand the suffering and hardship of investors to make profits from crypto.
If they look at the BTC price chart, as you say, they will think it's easy to hold BTC for a few years and then profit thousands of percent. They believe that investors will happily share a lot of money with the government. I think that is a misconception of those outside the market when assessing risks. Governments should also consult the opinions of those who have lost money to better understand this market, thereby making the right decisions about taxes. Ideally, crypto taxes should be as low as stock taxes.
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I think what gave the government this courage of high tax is because they say how profitable it has been for many. Imagine somebody that has been holding Bitcoin since 2010 and are still holding it to now, that's a crazy profit one will be having and paying such will not move them if they are serious about paying the tax in the first place.
With time, if profits that are been made in crypto aren't that big like they used to be when the tax are implemented, they will have to force it down for people to play along otherwise people will be discourage from investment in crypto.
The greed of governments knows no bounds, because they also face the problem of budget overruns and are looking for new sources of revenue to continue operating. They accept crypto with the hope of more taxes from investors and the hope that the economy will have more impetus to grow. Usually, politicians who do not participate in this market as investors do not understand the suffering and hardship of investors to make profits from crypto.
If they look at the BTC price chart, as you say, they will think it's easy to hold BTC for a few years and then profit thousands of percent. They believe that investors will happily share a lot of money with the government. I think that is a misconception of those outside the market when assessing risks. Governments should also consult the opinions of those who have lost money to better understand this market, thereby making the right decisions about taxes. Ideally, crypto taxes should be as low as stock taxes.
If the government is already, as you said, experiencing budget overruns, it is certain that it will look for sources of revenue to cover all of that so that the government can run well.
So accepting crypto because of a situation like that is certainly not good for the government because it will be dependent even though it is legitimate to apply taxes to be able to be done for all those who do crypto activities.
But it must also be remembered that crypto transactions can be carried out without involving the government, and it is not impossible that crypto users will do it if there is pressure and high costs and this is a dilemma for an authoritarian government.
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If the government is already, as you said, experiencing budget overruns, it is certain that it will look for sources of revenue to cover all of that so that the government can run well.
So accepting crypto because of a situation like that is certainly not good for the government because it will be dependent even though it is legitimate to apply taxes to be able to be done for all those who do crypto activities.
But it must also be remembered that crypto transactions can be carried out without involving the government, and it is not impossible that crypto users will do it if there is pressure and high costs and this is a dilemma for an authoritarian government.
Well you are right to say something like this can easily occur and remain under the radar of governments, and this just goes to show that a aggressive approach will in fact have the opposite effect. Citizens always look for a way out when they are cajoled, pressured, bullied interest them, scared into participating, or have their interests threatened. A government only seeks to put its citizens in a fix and then claim that they are helping them when the best thing it can do to assist its citizens is to create trust and that is if it is able to do that. In this case taxes should be applied based on the degree of benefit in the general public domain. If it remains like that, then it will be continued to be used behind the close doors and the government will end up with nothing. I believe there is a time when the governments do not view the innovation as the problem, but instead they see it as the solution or at least as part of the solution.
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The rule should also be able to adopt the wishes of those who do it, because in the end, everyone will benefit, and it should not be one-sided because there could be violations and that could happen. I agree that the advantage is that the tax is not too high and, in the end, everyone can accept and follow the existing rules, because it is also not good to violate the rules that have been made.
That's what we want, everyone is happy and everyone benefits. both from the community or cryptocurrency users in particular and also the government, but what often happens is that we are the ones who are harmed. Sometimes the government acts as they please, without thinking about how hard it is for us to collect profits in this cryptocurrency trading.
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That's what we want, everyone is happy and everyone benefits. both from the community or cryptocurrency users in particular and also the government, but what often happens is that we are the ones who are harmed. Sometimes the government acts as they please, without thinking about how hard it is for us to collect profits in this cryptocurrency trading.
The government loves taxes, and they don't joke with the opportunity that comes from taxes and that's why I strongly believe no government that makes money from their citizens will want to ban crypto, even if they are in doubt about it, they will do anything to let it stays and be getting revenue while they decide what to do next.
However, I think I think that we need revenue strategies in general. I pay tax but the percentage government are collecting is too much, some people pay as high as 30% after holding on your investment,that's too huge to be going to the government.
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The rule should also be able to adopt the wishes of those who do it, because in the end, everyone will benefit, and it should not be one-sided because there could be violations and that could happen. I agree that the advantage is that the tax is not too high and, in the end, everyone can accept and follow the existing rules, because it is also not good to violate the rules that have been made.
That's what we want, everyone is happy and everyone benefits. both from the community or cryptocurrency users in particular and also the government, but what often happens is that we are the ones who are harmed. Sometimes the government acts as they please, without thinking about how hard it is for us to collect profits in this cryptocurrency trading.
Most people hold this notion that crypto is a quick way of making money, in the fashion that many of you are doing, it is business. The two rules seem to say when a person tries to be genuine, he is penalised for not being productive in a world that is unwilling to accept his sincerity. But I think there is still a free will involved in this process. To survive or persevere depends on one’s level of intelligence. Signal from the context, follow changes and do not be afraid to change direction. For a long time, one can keep patience and keep focusing on work so the chance of being one of the few people who can live in this hostile environment is not out of the question.