Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: pragna on December 01, 2018, 08:01:25 AM
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
I think not all governments will do this, because I seen some governments support Bitcoin and they can make crypto work really good for their country.
That ia a decision from every country, and I tjink as long we can use crypto in right way, I'm sure if that can give us good impact, not always about bad thing.
And one thing, the governments isn't kill crypto, but they banned crypto in their country, I think you know what the different between it.
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It is possible that governments will not deny the prospects of cryptocurrency, but nevertheless, I do not think that they will actively help them!
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I tink there is no point in killing cryptocurencies because, cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
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No, this statement is not true. Governments can not kill cryptocurrency even after wanting. Because cryptocurrency is a digital currency. And the coming era is the digital age. In which cryptocurrency will play a special role. Cryptocurrency is connecting people with the digital age.
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Why they will kill a good source of money(taxes) ? cryptocurrency have a great community support , probably cryptocurrencies will become more centralized and the goverment will aceept and adopt it .
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The government still needs time to adopt cryptocurrency. They prefer stable coins that do not have high prices. Because they are regulated at a price of 1: 1 usd.
I am sure that someday there will be a government that accepts crypto as a legitimate payment transaction
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It is difficult to say if governments would like to do this, they would have long time ago banned cryptocurrency around the world, but they are postponing their decision and it is unclear when they will make their move.
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I don't think governments have the reason why they have to kill Cryptocurrencies unless they don't really understand the benefit of this technology. It is nearly 2019 right now and digital technology is at its peak. You will be left behind if you don't embrace the digital currency which has many benefits and uses especially nowadays that almost all transaction was done online
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governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
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For me not all the government against cryptocurrency cause some government support cryptocurrency and i don't think if the government will kill cryptocurrency or maybe some of the government will do.
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some government support cryptocurrency and i don't think if the government will kill cryptocurrency or maybe some of the government will do.
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Soon crypto will be used by the government as a payment system that is recognized by all countries, they cannot reject this technology, if the brand rejects it I think they should be ashamed of using blockchain technology, blockchain and crypto is a container and cannot be separated for any reason , everything is decentralized
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I think the governments already realize that they are no need to kill cryptocurrencies. We know some governments very friendly with cryptocurrency and help to develop it. Moreover, there is a government that tries to solve its economic and financial problems with crypto. It shows us the governments try to understand the existence of crypto.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
Practically all states highly appreciated the advantages of the blockchain technology, as long as I don’t know a single state. who would not accept this technology.
As for cryptocurrency, 111 states have already accepted it, and only about a dozen prohibit its circulation on its territory or significantly limit its circulation. Therefore, the crypto-currency continues to spread confidently around the planet.
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banks and govt both threat to crypto but if they think calmly they understand blockchain solves lots of issues in technology sector and make more profit for both ::)
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It is possible that governments will not deny the prospects of cryptocurrency, but nevertheless, I do not think that they will actively help them!
Yes brother you right. If a government wishes to develop bitcoin, it would be easily possible to spread over the world.
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I don't know about this. Crypto is needed at this time. Almost a few countries prohibit crypto. At least, they only forbid, not eliminate crypto.
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The governments won't kill cryptocurrencies. They just prohibit the existence of cryptocurrencies in their countries. Some of them already accept cryptocurrencies after they revise the ban. I am sure there will be more countries that will accept crypto in the future.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
Governments do not close the door to blockchain technology. I do not know of any state that would have a negative attitude to the blockchain technology and would not intend to use this technology in its activities.
Regarding cryptocurrency, the situation is much more complicated here, since, in general, decentralized cryptocurrency is unprofitable for governments. Under pressure from people, governments can accept the cryptocurrency for circulation within the country, but they will not actively support it.
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There may be some governments who are worried about the risk of cryptocurrency, which makes them not too hasty in accepting and developing cryptocurrency in their countries. But technological advances are increasingly sophisticated and people's needs for practicality are increasing. Of course, the government must find a solution and cryptocurrency is the best choice for the future.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
The war against cryptocurrencies is going to continue until Government has full control on them.
It is important keep control on money movement to avoid any crimes like money laundering of unofficial activities financing.
Best
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No I do not believed on this the governments can kill cryptocurrencies because most of the countries will not be affected about the blockchain programs otherwise they will not focus the regulation about in the bitcoin or altcoins.
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government is fighting to protect their citizen against fraud and scams. Further, they need to control block chain to get money from it through implementing taxes. Investment is.made of money and they want to take part of it.
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It seems like that, but I don't think it will work. Because crypto grows outside the government's path. What the government might be able to do is hinder the development of crypto. Even then if the government is able.
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It seems that the government is very worried about the presence of crypto. All ways are done to inhibit crypto growth in his country. I don't think it will work.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
That will depends on the threat that crypto will bring to them, i am quite sure if more wider audience and vendors adopt it the government will have no choice but to be more lenient to it as well.
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Even in spite of the fact that many states are now accepting cryptocurrency, we should expect that in the future they will tighten the rules for circulation of cryptocurrency on their territory. However, the state will no longer unite to destroy the cryptocurrency. It has too much support from the community and governments will not risk doing this anymore. And many governments already understand that it is almost impossible to do this.
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IMHO, cryptocurrency is unstoppable. The improvement always continues and it is spreading out to more places around the world. The governments will be hard to kill crypto. We are as the crypto users, don't be worry about this.
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i think the process will continue because they can not control it. government is all about control. power control, resources control , financial control. what they can't control, they will fight it. cryptocurrency will remain an enemy to the government.
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Killing cryptocurrencies?
Well, I think it is very difficult to be done. Because, crypto has involved many people around the world, not only one or two countries. If the government doesn't legalize the crypto in their country, they still have a chance to involve in some certain ways.
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The government has nothing to do with crypto, in my opinion. So the government will not be able to do much. Maybe it can only inhibit the rate of crypto circulation in the community. And I don't think it will work. Crypto is a decentralized digital currency.
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I am just curious about the ways of governments to kill them. As far as I know, many governments already accept cryptocurrencies. So, what are the reasons to kill them in this case? I don't see a big reason to see crypto killed by the governments.
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We shouldn't worry, the governments just warn us about the bad sides of crypto. They look like to not kill crypto with their actions. I think we are too afraid about this, whereas there is no indication that the governments want to stop the existence of crypto.
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Probably, when the country really restricts the use or the activity of the crypto world. However, it may be difficult to be done because people are very complicated. It may need high technology to ban and restrict every citizen not to join in crypto. Then, it will kill crypto, but only in that country. Not overall.
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In my opinion, I think there are some government who will try to block the cryptocurrency in their respective countries, but of course there will be some who will embrace it. The government can decide whatever they want for their countries. But maybe, since the cryptocurrency is already widespread in many countries, the government who will try to restrict cryptocurrency may adapt it in the future.Maybe they are still doing their own research if the cryptocurrency will bring good things to them.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
From a normal point of view if something is a threat to you you will start to destroy it isn't it? Same goes for crypto and government as long as the crypto space will not threaten the government in any way living in harmony together should not be a problem.
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Based on the facts i believe that we have a tendency to are being manipulated by corporations like JPMorgan et al. World Health Organization were voice communication cryptos are a scam or a ponzi theme and later launched commerce desks or their own coins. you'll be able to see this manipulation in South American country that illegal crypto and taken mining instrumentation to later launch their own coin.
They want to urge on the train before it gains speed and do what they'll to slow it down.
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In my opinion, I think the government will not try to kill the cryptocurrency as long as it cannot damage the currency or economy of the country. There are some government who may try to ban it in their country, but many are also accepting it.
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This possibility can occur, because the existence of crypto digital currencies is quite threatening the stability of fiat currencies. However, all of that cannot be successful, because the cryptocurrency digital currency is decentralized. Its existence is supported by modern technology.
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there's no valid reason for government to kill cryptocurrencies and very difficult to stop the circulation because it's a digital currency,besides this crypto currency is s product of latest technology of the government will not embrace the existence of crypto they are behind of this technology.for myself opinions there's nothing to worry government can' not stop the crypto currency but as of now many government started to embrace crypto currency.
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Yes i think, because we all know that there is no Taxes here, so if all people uses cryptocurrency, there is a chance that there will be no fund for the government, and that is the reason why there is a chance that government may forbid the cryptocurrencies.
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No government can kill cryptocurrency as decentralized system, no government has control over it. Only governments can impose any restriction of use for the people of that country but they cann't destroy blockchain,
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if in my opinion. no one can stop the world of cryptocurrency bro. but in my country in Indonesia when I see the debate from the two candidates. greatly appreciate the development of the digital world. because it can be a job
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Developed countries especially the USA and European countries will not accept the hegemony of cryptocurrencies or let's say bitcoin. USD and Euro are precious currencies and tools for their world control.
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Government have no authority such as a set back to cryptocurrency,it can only have a hold on investors in terms of taxes,I believe they will derive a means of taxing investors heavily just the way exchanges are been tax.You can read more of exchange taxes on the this link.And this should tell you that soon they will turn to investors not exchanges only. https://www.cpajournal.com/2019/01/24/the-taxation-of-cryptocurrency/
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I doubt if governments will be serious to kill cryptocurrencies. I think they just realize that cryptocurrencies have the opportunity to give big advantages to the governments around the world. So, I guess they won't kill cryptocurrencies.
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I think it will last and continue to survive, the command will not kill crypto, but it is possible the government will be able to apply taxes on crypto ownership.
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Some governments may be willing to do it. But it is difficult to kill cryptocurrencies actually. Cryptocurrencies involve all people around the world. They cannot stop crypto because crypto is very complicated and widely held by many people. This is also promising.
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What will regulation do ... nothing good. Goverments rarely does something good for ordinary citizens. There will be a tightening of rules, exclusion of poor investors (as in usa - accredited investors who have a certain income). I personally oppose regulation.
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I think that there will be a transition period... we are probably already in it... but general adoption will be natural and no one can turn away from it.
Probably, some countries will have their own government cryptocurrencies, or, who knows, maybe we'll be finnaly having a global currency generally accepted... curious to see, but only time will tell
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Most likely, we need to expect some periodic tightening of the rules of cryptocurrency circulation in society. However, this will depend on the specific state, and more precisely on the level of development of democracy in society. We see that in states where totalitarian regimes exist and human rights are violated, there is no free circulation of cryptocurrency or its circulation is too limited.
Given that the level of democracy in the whole world is growing, it is unlikely that governments will already be able to prohibit the use of cryptocurrency by citizens, but it is quite possible to tighten it up.
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~snip~ Cryptocurrencies involve all people around the world. They cannot stop crypto because crypto is very complicated and widely held by many people.
It is true. Crypto users are all people around the world. There will no regulation from governments to stop them. Since crypto has been spread out around the world. I don't see a chance that all governments in the world will agree to ban cryptocurrency.
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I think crypto will live always, and it does not depend on government
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I think actually the government should really need cryptocurrency and blokchcain technology for technological progress.
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Every Government in the world wants to kill Cryptocurrencies even the Government that accepted, they just accepted it because they confessed that you simply can't kill it so they took another approach which is ( If you can't end something then it is better to control it) and that is what is happening most countries that accepted Cryptocurrencies are adding rules that let them monitor the whole thing they keep push regulation and we all know that regulation is against the main idea of Cryptocurrency.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
It makes no sense for the government to kill the cryptocurrency. Cryptocurrency is a massive phenomenon, a much more advantageous solution would be to take control of the cryptocurrency, impose additional taxes and restrictions. Another mechanism for managing people in the hands of the government. All attempts to destroy the cryptocurrency will only lead to its even greater distribution.
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I believe that the government will also not kill cryptocurrency, because I myself am also convinced that the government will also support the existence of krypto, because for the government it can also help many people to benefit.
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No, I don't think that governments kill cryptocurrencies. We are in the digital era. Cryptocurrency and blockchain technology is related with digital world. We all know that some countries banned it but not all.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
No i don't think the government around the world can kill cryptocurrencies because as you said that cryptocurrencies is decentralize, if they really want kill bitcoin and other cryptocurrencies they must ban the internet and i am sure they will not do it. So cryptocurrencies and technology of blockchain will be alive and grow up day by day.
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Cryptocurrency is a decentralized digital currency. I don't think the government can regulate or turn off the circulation of crypto digital money in its country.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
Yes I see, in several country the government try to kill cryptocurrencies, but I think crypto is the future currency. No one can refuse them
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Actually they don't have any idea about btc that's why they are doing this .Hope they will get in soon.
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Governments control fiat currencies. They use central banks to issue or destroy money out of thin air, using what is known as monetary policy to exert economic influence.The governments will not kill cryptocurrencies,but they will always try to control them.
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they cannot kill cryptocurrency because it is decentralized which no person can stop it. They can regulate but not kill it.
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Naturally. We should not worry about it. The cryptocurrency cannot be killed by anyone. Even when the government has a great power, it cannot do anything with crypto: it is simply technically impossible.
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Naturally. We should not worry about it. The cryptocurrency cannot be killed by anyone. Even when the government has a great power, it cannot do anything with crypto: it is simply technically impossible.
Yes, you are right. Crypto cannot be destroyed by the governments since the community is spreading out around the world. I am no doubt with cryptocurrencies as long as it is supported by its community. While if the community already don't care, it will be easily to destroy.
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It it will become a barrier to the government to keep the country's growth they might do, but I just hope they will adopt the cryptocurrency which is the innovative way of improving the living of humanity.
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It should be expected that the government will continue to try to control the cryptocurrency and therefore will use various methods to limit its use, as always, explaining this by caring for its citizens. In different states it will happen in different ways: in some it will be stronger, in others it will not be so noticeable. While it is difficult to predict how this will end. We hope that cryptocurrency will vseravno grow and develop.
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It it will become a barrier to the government to keep the country's growth they might do, but I just hope they will adopt the cryptocurrency which is the innovative way of improving the living of humanity.
the government will agree with cryptocurrency, I'm sure of that, and the cryptocurrency will be adopted massively.
but it takes a long time, because a lot of things need to be fixed from the cryptocurrency so that it can be used massively.
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Cryptocurrency is a decentralized digital currency. I don't think the government can regulate or turn off the circulation of crypto digital money in its country.
We should not forget that monetary policy in any state is an exclusive function of the state itself. Therefore, if someone intrudes into the territory of a state with foreign money, the state has the right to either legalize them or prohibit their circulation. Regardless of what someone considers them not to be regulated.
It should also be noted that without legalization and regulation of cryptocurrency by states, cryptocurrency will not be able to further develop and will be applied at the level of transactions between citizens.
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Generally, cryptocurrency's purpose is against government's will. Banks are owned by governments to help moderating the economies. Reversely, banks finance gonerments. Whereas, cryptocurrencies tend to eleminate banks' roles. If goverments want to kill crypto, they definitely can. But why do they have to do so providing that crypto's impact on banks is very minor at the moment. That's not to mention, governments can leverage crypto as a way of laundering money or just simply earn profit.
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Cryptocurrency is owned by people around the world and not all governments agree to ban it. There are many countries that already legalize cryptocurrencies until now. So, some governments support cryptocurrencies already, I don't think they will plan to kill it. However, cryptocurrencies have proven to the world that they have good advantages.
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I think cryptocurrency is not that easy to kill by the government, and I think that the government will get better and embrace the cryptocurrency in the future.
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I don’t think that governments will continue to fight cryptocurrencies, because they will increasingly understand that cryptocurrencies will enter our lives, and the blockchain will be used in everyday life
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I think that this trend will continue, but these are the governments that have something to hide from the people, I think they will try to ban cryptocurrency, but they will fail
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I think that is very impossible, because we know crypto currency is very public and anyone can run it or invest in it,
And hopefully there is no rejection from the government for this crypto currency ..
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What is cryptocurrency? This program. How can governments completely ban programs? No Therefore, governments can prohibit cryptocurrency only in words. There will always be a dex. There will always be supporters of freedom.
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The government has fiat that can be used to make payments, cryptocurrency is more transparent and safer, with crypto buyers and traders need not worry about fraud. Not many countries accept crypto payments, because they are still worried about the ever changing crypto exchange rates.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
Maybe at several countries the governments has kill the cryptocurrency, But I still believe crypto will have good future
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if countries will continue to ban cryptocurrency then it's a yes! Some countries are not crypto lover, they usually not allowed any crypto related activities. Such action will somehow hurt the system and will eventually decrease the acceptance of crypto currency globally. But I have a faith in crypto currency even if it's fall it will always find a way to rise again.
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Cryptocurrency has not been dependent on the government. Why are you worried. I think cryptocurrency will not be able to shut down by anyone. Because this business has become a demand for technological progress.
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What governments kill crypto? No way!! I think governments just try to make people be afraid. I don't see that they can break or destroy crypto space. There are many parts that support crypto, including the governments as well.
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it is true that some governments accept and reject cryptocurrency, but I strongly believe that crypto will not be easily killed by the government.
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Some governments reject cryptocurrency while some accept it indirectly. Those governments that rejects it can only do so but they can't kill it simply because a lot of their citizens have embraced it and it has become a part of them. Many of those countries where cryptocurrency is rejected, their citizens are still involved in it so the government can't kill cryptocurrency.
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Governments definitely gonna kill decentralized currencies, but they will create own stable coins I guess, which will use blockchain, but will be controllable.
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I hope they do not have such intentions. If they want they can destroy the market although they cannot kill Bitcoin. I think that liberal thought will prevent such action.
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I think some government just want cryptocurrencies to be centralized. That's why some people think that government will stop cryprocurrencies. Someday many of the government throughout the country will embraced crypto.
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it's hard to happen, i think some nation limit them, but i think in the future crypto will be accpeted popular in the world,
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in my opinion the government in my country actually supports blockchain technology not to take over or kill crypto. I think the government in my country will really use this technology and authorize crypto.
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Governments are generally very reluctant to legalize cryptocurrency. It is more imposed on them by society. Therefore, governments will accept cryptocurrency, but they themselves will not actively support it. In the future, we should expect periodic tightening of the conditions for cryptocurrency in the states.
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I don't think there is a government reason to kill cryptocurrency, on the contrary the government must support the existence of this cryptocurrency, because this shows that the country is moving forward to be able to use IT and get jobs in the crypto world and be able to keep up with the tjimes in the future. the population of the country is not Gaptek (do not know technology).
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I am sure that sooner or later the government will approve cryptocurrency and will implement a decentralized system.
because with a decentralized system, it will cut a lot of administrative costs.
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No there has no option to kill cryptocurrency. Becouse it is fully decentralised. So i think that any government can't kill cryptocurrency.
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No the governments will not kill cryptocurrencies ,probably will be some regulation for tax payment and not to be used for bad purposes.
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No the governments will not kill cryptocurrencies ,probably will be some regulation for tax payment and not to be used for bad purposes.
So, then why are some currencies banned in some countries?
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Cryptocurrencies were called decentralized due to the fact that is isn't being regulated by any country, so no they don't can't kill something that they have no control over with.
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Many governments have tried but failed, they can't succeed unless the people into crypto allow them to which is not possible, bitcoin is also decentralized which makes it difficult, they have no control over it. There has been negative news about Cryptocurrency but it still stood strong enough to withstand all the news
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
Actually it's not the Govs but the banks, in particular the Central Banks.
The CBs are the lords of the currencies, they don't like competition.
The only cryptos they like are the cryptos they create.
Govs are not against cryptos. They want to regulate them, as these become more and more important.
As long as crypto trading can be a source of tax income, they won't oppose them :)
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Many countries governments are not like cryptocurrency because their banking system obviously hate bitcoin among their trading phenomenon. So these countries governments are fully responsible to killing the cryptocurrency.
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The government will never be able to destroy the cryptocurrency. Cryptocurrency - software code. Moreover, there will always be decentralized exchanges. This must be taken into account.
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probably cryptocurrencies will become more centralized
But if Cryptocurrencies become more centralized, that will kill the idea of it, Cryptocurrencies are decentralize and will stay decentralize other wise thier will be no diffrents between it and the real money.
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In the short term, you will of cause see some resistance to crypto use but the long term future is beautiful as I see government bowing to public pressure and accepting that blockchain has come to stay
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
Only those who will not benefited from cryptocurrency will probably oppose it. Im thinking they are against it cause they wanted the tax to be implemented on their business and increase the shares given to government. But some crypto firms will not be swayed by this. I know politicians will used this chance to extort money from them. Thats why there are still many provisions beig draft and made.
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probably cryptocurrencies will become more centralized
But if Cryptocurrencies become more centralized, that will kill the idea of it, Cryptocurrencies are decentralize and will stay decentralize other wise thier will be no diffrents between it and the real money.
I don't think decentralisation as being the main point of cryptocurrencies.
You can have centralisation and still benefits of using cryptos.
Even with centralisation cryptos can be superior to fiat.
They are the benefits offered by blockchain:
- avoiding intermediary (banks),
- cheap,
- fast,
- transparency,
- privacy (which is not anonymity)
- limited amount of currency
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A couple of days ago we have heard of nothing less than China's monetary authorities developing their own Stablecoin.
Today we hear that the Gov of a tiny state is going to issue its own national cryptocurrency.
The particularity in this case is that this cryptocurrency will not be backed by the national currency (like in the case of, for example, China).
This cryptocurrency will be itself the national currency.
Marshall Islands Creating New Cryptocurrency In Push To De-Dollarize
The Republic of the Marshall Islands has been using the US dollar since 1979. But in a new Bloomberg report and a statement from a senior Marshall Islands official, that could all change as the country with a population of 75,000 could soon issue a sovereign currency in digital form – using blockchain technology.
https://www.zerohedge.com/crypto/marshall-islands-creating-new-cryptocurrency-push-de-dollarize
It will be a stablecoin, which will be subject to a yearly monetary expansion of 4%
"The statement, published earlier this month, said the SOV has built-in compliance features and will expand 4% each year"
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I would honestly say that they’re not capable of “killing” cryptocurrencies, but to regulate instead. The government and banks don’t have the control of the blockchain. Even if they locate the center of everything, it’s impossible right now to be killed because it’s widely spreading to various hot and cold wallets, exchanges, etc.
There are some countries that did ban citizens from using Bitcoin and other cryptocurrencies, but it cannot be “killed” for good.
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My thoughts exactly. Even if a jurisdiction bans cryptos that drives them underground but doesn't kill them, and that lack of oversight is bad for everyone.
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everything can change. The government also has a way to take the positive things that are obtained when people use blockchain technology. We just need to wait when everyone needs blockchain technology. Have you ever thought about technological progress? yes we are now at the stage where technology will be needed.
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I would honestly say that they’re not capable of “killing” cryptocurrencies, but to regulate instead. The government and banks don’t have the control of the blockchain. Even if they locate the center of everything, it’s impossible right now to be killed because it’s widely spreading to various hot and cold wallets, exchanges, etc.
I like your point of view. It is interesting to me. +1
Yes, governments won't kill cryptocurrencies even if they always try to kill it. Crypto holders/users are spreading out around the world and they can use many ways to keep the existence of crypto. Moreover, it is in the digital world, so it will be more difficult to control it.
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if for me the government won't kill crypto, because I believe crypto can also help the lives of people around the world, so I think crypto is also a good way to increase many benefits in the future, so I'm sure the government won't destroy crypto
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I think its the opposite. The government is just scared because they don't know how to have control over the current crypto market. They would try to adapt the technology and create their own digital currency in the near future i think.
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Chinese Ministry of Industry and Information Technology: ‘Promote 5G, Encourage Participation In Blockchain’
September 4th, the Ministry of Industry and Information Technology issued the “Guideline on the Development of Industrial Big Data (Draft for Comment)” to publicly acquire opinions from the public. The submissions explicitly mention the promotion of 5G, NB-IoT, to promote the deployment of IPv6, and encourage enterprises, research institutions and other entities to actively participate in key technologies such as blockchain and secure multi-party computing, reducing the risk of industrial big data circulation.
At the Chinese Academy of Sciences and the Chinese Academy of Engineering conference, President Xi Jinping pointed out: “A new generation of information technology represented by artificial intelligence, quantum information, mobile communications, Internet of Things, and blockchain accelerates breakthrough applications. The world is entering an information-led economic development period,” adding that it shows that the country’s policy makers should embody the important role of blockchain technology in China’s science and technology development.
Hyper Speed Network (HSN) is dedicated to the use of blockchain technology to build a network security and trust mechanism for terminal uplinks applying 5G architecture. It can support the multi-source information interconnection and exchange of big data uplinks in the digital age.
NineChain Technology, a subsidiary of HSN, located in Shenzhen, China, also actively responded to the policy opinions of the Ministry of Industry and Information Technology. In addition to providing 5G+blockchain technical support for HSN, it provides solutions in areas such as data security and financial risk control.
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So far, there is no reason to believe that governments can try to destroy cryptocurrency even on their territory. In general, the leading world states do not suppress threats to global financial stability from the side of cryptocurrency. However, you should not calm down, since the interests of states and cryptocurrency holders will always be different and certain conflicts between them will be inevitable in the future.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
Governments don't fight against cryptos, they just want them to be regulated.
The real question is if the monetary authorities, i.e. the Central Banks, will allow a real competition to their currencies, to the "money" that they create and manage.
Hier the answer is no
G7 Panics, Says "Global Stablecoins" Pose Threat To Financial Stability (https://www.zerohedge.com/crypto/g7-panics-says-global-stablecoins-pose-threat-financial-stability)
"...the introduction of “global stablecoins” could pose a host of challenges to the regulatory community, not least because they have the potential to become systemically important, including through the substitution of domestic currencies."
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Many governments now allow cryptocurrency, because they realize that technological development cannot be restricted. and that cryptocurrency will be a future payment.
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If bitcoin or another cryptocurrency become widely adopted, the entire banking system could become irrelevant.Governments do not like this and they are looking for an option for the created situation.
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Cryptocurrency is a modern technology for more sophisticated payments. If there is a government that closes the door to this technology they surely worry that this system will defeat their Fiat money payment system. But even if there are governments that do that, they will not be able to kill Cryptocurrency, because this is modern technology that uses the internet. As long as there is still the Internet, Cryptocurrency will continue to grow and no one can stop it.
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The United States, of course, has the opportunity to kill cryptocurrencies, USA can influence the growth or fall to cryptocurrencies, and it is already impossible to completely kill cryptocurrencies, it is too late to do anything, because cryptocurrencies and cryptocurrency technologies are already used in many fields around the world.
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The government has full power and access to regulations in a country, but they do not have the right to kill Cryptocurrency and will not be able to do it. Cryptocurrency is broad and applies to the whole world, maybe they can limit the use of Cryptocurrency in their country, but they won't be able to kill it.
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To OP : The right question according to the OP is "to what extent will the government kill cryptocurrency?"
Because in my opinion the government will never be able to kill cryptocurrency at any time.
Except, the government can only suspend or prohibit the use of cryptocurrency. IMO
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Some unfriendly countries like my country's government kills cryptocurrency but altcoins and bitcoins favourite countries governments should have taken care of developing bitcoin and altcoins.
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Of course you can, if the government has made a regulation prohibiting Cryptocurrency and imposing severe sanctions on the perpetrators of Cryptocurrency, then over time Cryptocurrency will die in that country. Although there will still be people who try to survive in various ways so they can still enter into Cryptocurrency.
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Not at all. Some bitcoin friendly countries, Japan, Canada, North America, Ireland, Finland, Italy, Germany, France, USA, UK, Indonesia, and Estonia government's always trying to improving bitcoin at their best efforts. But some bitcoin illegal countries governments tries to bann bitcoin.
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with technological advances I think the government will support cryptocurrency later, with many considerations and criteria given might be acceptable in one government
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I don't think cryptocurrencies can be killed by the governments,
In fact some of the countries just like they said are supporting the cryptocurrency as the new and advanced used payment system.
and they can't also do that internationally maybe in some countries that don't want to support crypto can do.
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The government may actually try to kill cryptocurrency from existing but in my own make of things they will not succeede in trying to stop cryptocurrency because killing cryptocurrency is not the best solution, instead they should look for away to boost the cryptocurrency use in the world and also regulate crypto.
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It’s not profitable for many countries to ban or kill cryptocurrencies, because the use of cryptocurrencies and cryptocurrency technologies brings huge amounts of money to many countries, it’s only the United States that suffers unclearly and hopefully the United States wilol change its mind someday.
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The government of a country can not kill cryptocurrency but can retard its usage. Crypto currencies are still used in some countries that have banned it. It is just not a legitimate payment method but people still use it at their own risk. Proactive governments are looking into blockchain technology and cryptocurrencies. Some countries have started earning income on it by making cryptocurrency holders pay tax which will be used to develop the country. Cryptocurrency will be used by all nations of the world. It is just a matter of time.
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They will not reject blockchain forever. One day, they will need a blockchain. Technology is advancing year after year. Any large country will definitely need a blockchain. Blockchain is transparent, and it's very good for a country's information system.
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A time will come when the government will be looking for cryptocurrency expert who they can consult on how to implement in some part the region, in some part of the country the government has started to think outside the box the next way out of economic situation. For me government cannot kill cryptocurrency.
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The government uses blockchain technology for a number of things and if crypto is used for payments in several stores, the government always refuses because the fiat money they spend will have competitors, it is only a matter of time and waiting for the government to make their own stable coins to be used as payments and certainly the government will change the rules they have made
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Some governments have not come to the crypto currency fever yet. But blockchain wants to adopt technology. Killing cryptocurrency is not in the hands of any government. One day all governments will have to adopt cryptocurrency.
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Rather than blocking the technology, governments could simply introduce new legislation that prohibits individuals from trading or owning cryptocurrency,but I don't think that will happen.
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While cryptocurrency is not in danger. Most states have a positive attitude towards it, only about ten states so far to one degree or another restrict or prohibit its circulation on its territory. Of course, this does not mean at all that over time the situation cannot change for the worse. Let's hope that cryptocurrency is slowly integrating into the global financial system. Time is on the side of cryptocurrency. The more time passes, the more people are interested in it and begin to use it and the more difficult it will be to stop it.
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Some governments are starting to embrace blockchain and cryptocurrencies and others are literally closing the doors to this technology. Do you think governments will continue to fight back against cryptocurrencies and decentralization?
About a dozen states prohibit or restrict the circulation of cryptocurrencies at home. However, I do not know a state that would prohibit the use of blockchain technology. Blockchain technology does not pose any threat to states or their governments. It is very revolutionary in terms of using the single Internet information network in the world and provides many profitable opportunities for each state.