Crypto markets can exist without government permission

[Vx1]

        -   It may be possible for the crypto market to exist without the permission of the government, so the only cons that I see are that if the government notices that,
for sure it will be taken down immediately. And when that happens, it's not good. But not all feudal countries do that.

Because there are only a few countries that have banned cryptocurrency or Bitcoin, if there are others that have banned it, they have also withdrawn it because they may have seen from a different angle that Bitcoin or blockchain technology that it brings can help the country and those people.

It is true that the crypto market can be done without government permission, but it will be called an illegal market. As a good cryptocurrency trader, we must avoid trading in this market, even though maybe there we will get bigger profits. 
Because actually it is dangerous, if suddenly the market is closed by the government while our assets are in that market.  Of course we will lose and we can't complain anywhere.

[MrSpasybo]

It is true that the crypto market can be done without government permission, but it will be called an illegal market. As a good cryptocurrency trader, we must avoid trading in this market, even though maybe there we will get bigger profits. 
Because actually it is dangerous, if suddenly the market is closed by the government while our assets are in that market.  Of course we will lose and we can't complain anywhere.

Currently, in many countries, crypto is still an unregulated asset, meaning that investors have the right to trade and own crypto, without having to pay taxes on crypto profits but also not being protected in case of being scammed in the crypto market. This is quite common and many experienced investors prefer it so they can enjoy the full profits from their work.

In the worst case, if the government officially bans crypto and stipulates that any act of crypto trading is considered illegal, then everything will be very bad. Crypto will only exist in the dark, people will have more difficulty trading crypto and liquidity will definitely decrease. This is also happening in a few countries but I don't think we should be satisfied with it. Crypto should be allowed to exist legally in the economy as a formal market, similar to goods!

[doc]

It is true that the crypto market can be done without government permission, but it will be called an illegal market. As a good cryptocurrency trader, we must avoid trading in this market, even though maybe there we will get bigger profits. 
Because actually it is dangerous, if suddenly the market is closed by the government while our assets are in that market.  Of course we will lose and we can't complain anywhere.

Currently, in many countries, crypto is still an unregulated asset, meaning that investors have the right to trade and own crypto, without having to pay taxes on crypto profits but also not being protected in case of being scammed in the crypto market. This is quite common and many experienced investors prefer it so they can enjoy the full profits from their work.

In the worst case, if the government officially bans crypto and stipulates that any act of crypto trading is considered illegal, then everything will be very bad. Crypto will only exist in the dark, people will have more difficulty trading crypto and liquidity will definitely decrease. This is also happening in a few countries but I don't think we should be satisfied with it. Crypto should be allowed to exist legally in the economy as a formal market, similar to goods!

If the government prohibits its citizens from investing and trading in crypto, of course this will have a bad effect on crypto. It is possible that crypto prices will plummet because this is part of negative news.  Until now, some still let their citizens invest in crypto even though they don't legalize it.

[Jamal Aezaz]

If the government prohibits its citizens from investing and trading in crypto, of course this will have a bad effect on crypto. It is possible that crypto prices will plummet because this is part of negative news.  Until now, some still let their citizens invest in crypto even though they don't legalize it.

In those countries where there is no permission of using crypto will have no effects on the value of crypto but those who are already using crypto for investment will be worried if the countries banned the use of crypto and the value will gradually deteriorate. I don't think that those countries will ever ban the use of crypto who knows the value of crypto so there will be an increase in its value as more people are going to accept it and it will be good news.

Time will be needed but crypto will become acceptable all over the world because a successful platform cannot be denied by everyone for a longer time so remember that there will be an increasing value for crypto as we see the time passing.

[MrSpasybo]

In those countries where there is no permission of using crypto will have no effects on the value of crypto but those who are already using crypto for investment will be worried if the countries banned the use of crypto and the value will gradually deteriorate. I don't think that those countries will ever ban the use of crypto who knows the value of crypto so there will be an increase in its value as more people are going to accept it and it will be good news.

Time will be needed but crypto will become acceptable all over the world because a successful platform cannot be denied by everyone for a longer time so remember that there will be an increasing value for crypto as we see the time passing.

The success of El Salvador after adopting BTC, or the legal development of crypto in the US after BTC & ETH Spot ETF being approved is having positive impacts on the status and future of crypto on global scale. The number of countries banning crypto is very few, some countries have accepted crypto as an asset and the majority of countries are still silent and waiting for more data to be able to make the most appropriate decision for crypto policy.

I believe that we are in a positive phase for the development of crypto. Optimism and patience should be directed, not worry or fear. China used to be a threat to crypto but China has also banned crypto, currently China no longer has any tools to negatively impact crypto anymore, even I am waiting for the approval of crypto from the Chinese government ^^

[albon]

Cryptocurrencies are not legal in many countries, but crypto markets or exchanges still exist and are being exploited at will without government permission. But it is true that not everything is running smoothly or the individual is independent. So following the premise of confidential transactions they are using crypto currency. Moreover choosing P2P has its risks and one should be careful. But maybe in the future crypto will be accepted in all countries so now you have to keep the exchange confidential.

[Captain Corporate]

This hatred for government (no matter how right you might feel) is unrealistic because you aren't really changing anything. I mean you can vote the people you do not like out and elect new people if you can, but of course only if you are big enough in numbers, aside from that you just have to accept. I am not quite happy with my government neither, and yet I accept it and live my life accordingly. Constantly blaming and complaining and whining doesn't get you anywhere, like it or hate it, you have to move on with your life and do something with it. Otherwise, what is even the point of it?

[dekafee79]

This hatred for government (no matter how right you might feel) is unrealistic because you aren't really changing anything. I mean you can vote the people you do not like out and elect new people if you can, but of course only if you are big enough in numbers, aside from that you just have to accept. I am not quite happy with my government neither, and yet I accept it and live my life accordingly. Constantly blaming and complaining and whining doesn't get you anywhere, like it or hate it, you have to move on with your life and do something with it. Otherwise, what is even the point of it?

Maybe there are many policies and regulations from the government that disappoint us, but we have to accept them. because that's the rule, whether we like it or not, we have to follow the government's rules. Maybe there are those who allow crypto, there are also those who block crypto.

[EluguHcman]

Unfortunately after the government banned CBN from facilitating on crypto currency transactions they still returned back and placed the ban again.

Graciously this banking interrelated with cryptocurrencies transactions has no transforms potentials to add values to crypto currencies and even the crypto adoptors doesn't give a damn of the banks not fascinating on cryptocurrencies because there had been P2P means of transactions.

Even though they places crypto currencies and illegal there will always be means to gain prospects in the crypto industries in as much the government does not provide networking interfaces for Crypto accessibilities.

[Rubel007]

        -   It may be possible for the crypto market to exist without the permission of the government, so the only cons that I see are that if the government notices that,
for sure it will be taken down immediately. And when that happens, it's not good. But not all feudal countries do that.

Because there are only a few countries that have banned cryptocurrency or Bitcoin, if there are others that have banned it, they have also withdrawn it because they may have seen from a different angle that Bitcoin or blockchain technology that it brings can help the country and those people.

It is true that the crypto market can be done without government permission, but it will be called an illegal market. As a good cryptocurrency trader, we must avoid trading in this market, even though maybe there we will get bigger profits. 
Because actually it is dangerous, if suddenly the market is closed by the government while our assets are in that market.  Of course we will lose and we can't complain anywhere.

Cryptocurrencies are still not legal in many countries that means i can say not approved by the government. But cryptocurrency is being used in those countries without any problem. Users are using crypto even though governments don't give permission there and the number of these users is increasing gradually. I don't think governments can stop it. But if the governments are behind it then some people can surf there but the government will never find the all users. Moreover some governments are trying how this crypto can be profitable for their country. Since it cannot be stopped, some governments are looking for ways to profit from it by legalizing it.

[SmartGold01]

Unfortunately after the government banned CBN from facilitating on crypto currency transactions they still returned back and placed the ban again.

Graciously this banking interrelated with cryptocurrencies transactions has no transforms potentials to add values to crypto currencies and even the crypto adoptors doesn't give a damn of the banks not fascinating on cryptocurrencies because there had been P2P means of transactions.

Even though they places crypto currencies and illegal there will always be means to gain prospects in the crypto industries in as much the government does not provide networking interfaces for Crypto accessibilities.

To my greatest knowledge government banning people from trading crypto currency was the major raise to p2p transaction and increased the way nigerians trades on cryptocurrency, as of early 2019 they were so scare to use direct bank deposit but the p2p trade made it looks so unique and off from the trace of government.

[Baofeng]

This hatred for government (no matter how right you might feel) is unrealistic because you aren't really changing anything. I mean you can vote the people you do not like out and elect new people if you can, but of course only if you are big enough in numbers, aside from that you just have to accept. I am not quite happy with my government neither, and yet I accept it and live my life accordingly. Constantly blaming and complaining and whining doesn't get you anywhere, like it or hate it, you have to move on with your life and do something with it. Otherwise, what is even the point of it?

Maybe there are many policies and regulations from the government that disappoint us, but we have to accept them. because that's the rule, whether we like it or not, we have to follow the government's rules. Maybe there are those who allow crypto, there are also those who block crypto.

Yeah, I think it's already 2024 and for sure in the last 7 years, or at least when I joined crypto world in 2017, there's not much of a regulation. But as soon as Bitcoin or crypto becoming well known, there are a lot of regulatory bodies and financial watchdogs that keep an eye on it and so they implemented a lot of regulations.

So today, we have to accept that fact, we can no longer be as a (pseudo) anonymous as we wanted to be, because there is KYC for AML and every one could have been tracked by our government.

[Gurujebs]

To my greatest knowledge government banning people from trading crypto currency was the major raise to p2p transaction and increased the way nigerians trades on cryptocurrency, as of early 2019 they were so scare to use direct bank deposit but the p2p trade made it looks so unique and off from the trace of government.

P2P gave people a quick way to fund their crypto wallet and that is what many people still practise now, they don't make use of withdrawals directly with banks as it may even take days for some to reflects in their accounts. The likes of lightening banks like Zelle and Cash app even made it smooth to transact p2p in many western countries but there is high rate of scammers that exist there as well. One need to be careful and follow p2p guidelines to avoid falling into p2p scams.

[Vx1]

~

Cryptocurrencies are still not legal in many countries that means i can say not approved by the government. But cryptocurrency is being used in those countries without any problem. Users are using crypto even though governments don't give permission there and the number of these users is increasing gradually. I don't think governments can stop it. But if the governments are behind it then some people can surf there but the government will never find the all users. Moreover some governments are trying how this crypto can be profitable for their country. Since it cannot be stopped, some governments are looking for ways to profit from it by legalizing it.

The ease of making money in Cryptocurreny will make people who enter Cryptocurreny continue to increase, and the Government will not be able to control it.  Even if they forbid it, there will always be a way to get in. 
It would be better for this government to legalize cryptocurrencies, even if they apply income tax later, it doesn't matter, because it will make people more confident and calm about being here.

[SmartGold01]

To my greatest knowledge government banning people from trading crypto currency was the major raise to p2p transaction and increased the way nigerians trades on cryptocurrency, as of early 2019 they were so scare to use direct bank deposit but the p2p trade made it looks so unique and off from the trace of government.

P2P gave people a quick way to fund their crypto wallet and that is what many people still practise now, they don't make use of withdrawals directly with banks as it may even take days for some to reflects in their accounts. The likes of lightening banks like Zelle and Cash app even made it smooth to transact p2p in many western countries but there is high rate of scammers that exist there as well. One need to be careful and follow p2p guidelines to avoid falling into p2p scams.

I have never used this service to trade cryptocurrency and sell to my local account directly, and again p2p services made it so hard for government to track every transaction that is associated with cryptocurrencies does this means that taxation is no longer possible? Since they can't understand how the transactions are being carried between exchanges to banks because i understand that they can only tax when it coming from exchange to bank directly.