Crypto markets can exist without government permission

[libert19]

...But we know that crypto is not intervened and can do trade, etc. not through the government...

Back when crypto was completely banned, Indians could trade via p2p means but it had it's fair share of problems, I was scammed once too. From that perspective, it's good that ban was lifted and now exchanges are free to operate, at least people can exchange their fiat assets safely despite having to pay taxes.

Actually, taking action against the rules is clearly inappropriate even though there are facilities that can be done even though they are against the rules. But again, the risks and fraud like you said can happen with transactions like you said, because they are not supported by clear rules.
Be happy if the rules have started to be opened and allowed, because that is the best way that is very appropriate to do it rather than going against the rules go hopefully, it will continue because, after all, crypto is worthy of being done by a country whose community is very large.

It seems that the government in some countries has started receiving Bitcoin and Crypto, so we don't need to carry out the stitching that prohibits it. But trying to take advantage of the opportunity if the government in our country has begun to receive bitcoin as an investment. This is a good thing. Bitcoin and Altcoin will get good news if it can be accepted in all countries both as an investment and payment method, but we must wait until the government immediately makes rules about crypto.

Ha, payment method? Never happening. Do you really expect governments to give up fiat which they have control over and start using crypto on which they have no control whatsoever? It'll be just fine if they allow their people to trade in crypto and don't impose heavy taxes.

[Etranger]

Do you really expect governments to give up fiat which they have control over and start using crypto on which they have no control whatsoever? It'll be just fine if they allow their people to trade in crypto and don't impose heavy taxes.

Governments will never reject such tool of control, as fiat money. Moreover, they will try their best to impose it and to make it even more restrictive. Because that is how they gain control and power over population. Crypto can be one of the payment tools but most likely not a fully legal one. And you always have to convert some part into fiat, because crypto is not adopted everywhere, so you have to address to traditional money.

[MrSpasybo]

Governments will never reject such tool of control, as fiat money. Moreover, they will try their best to impose it and to make it even more restrictive. Because that is how they gain control and power over population. Crypto can be one of the payment tools but most likely not a fully legal one. And you always have to convert some part into fiat, because crypto is not adopted everywhere, so you have to address to traditional money.

The best-case scenario is that governments will allow crypto to coexist with fiat as a means of payment, similar to in El Salvador. However, this also comes with many regulatory risks, so for now, I only hope that crypto will be recognized as a legitimate asset class for storage and trading.

As you said, governments will never abandon fiat, at least as far as I understand. Fiat is not only a means of payment under the government's control, but it is also an effective tool for governments to manage and intervene deeply in the economy when necessary, such as during a pandemic or rescuing companies that are too big to fail.

[Pastaral]

Cryptocurrency markets use decentralized technology, specifically blockchain, that keeps them free from central control or oversight. This is why crypto markets can operate without government permission.  Again in this case the system is operated without any central counterparty.  There are also many countries that have introduced laws and regulations to regulate trade.





However, many countries have imposed controls on these markets to ensure economic stability and security.  These rules and regulations include various restrictions for corporate transparency, customer protection, and fraud prevention.  The level of this regulation can vary in different countries, which affects the speed and use of cryptocurrencies.

[Manna]

Legal legislation changes over time, and therefore banning Bitcoin or allowing trading will not benefit investors unless there is a clear law explaining how to deal with cryptocurrencies, the exchanges that are allowed, the registration conditions, and the accompanying tax data. If there is no clear legal legislation in your country, it is better to buy Bitcoin not trading, but rather a long-term investment.

The only difference is that after the ban is lifted, there will be a greater possibility of the existence of exchanges, and therefore the commission fees are lower (in P2P it is high), in addition to the possibility of trading and other options.

excellent  The importance of your words is immense. You have arranged the words beautifully.  Bitcoin is still illegal in different countries and when this Bitcoin is legalized then people will be able to use it safely in these countries where Bitcoin is legal in those countries today there is no need to face any kind of trouble to transact.  The increase in Bitcoin transactions will likely lead to gains in many parts of the country and losses in large parts as many professional killers transact their money through Bitcoin.  In this they are very comfortable and have less ricks.

[koang]

Governments will never reject such tool of control, as fiat money. Moreover, they will try their best to impose it and to make it even more restrictive. Because that is how they gain control and power over population. Crypto can be one of the payment tools but most likely not a fully legal one. And you always have to convert some part into fiat, because crypto is not adopted everywhere, so you have to address to traditional money.

"The struggle for freedom is ultimately not resistance to autocrats or oligarchs but resistance to the despotism of public opinion."
Ludwig von Mises

Embracing Bitcoin's uniqueness will lead to innovation and maintaining individuality in a world that rewards conformity.
And Satoshi's goal from day one was mass adoption, a new system for the masses.
So don't be pessimistic, Bitcoin's uniqueness will soon touch politics and financial institutions.

[Jamal Aezaz]

It seems that the government in some countries has started receiving Bitcoin and Crypto, so we don't need to carry out the stitching that prohibits it. But trying to take advantage of the opportunity if the government in our country has begun to receive bitcoin as an investment. This is a good thing. Bitcoin and Altcoin will get good news if it can be accepted in all countries both as an investment and payment method, but we must wait until the government immediately makes rules about crypto.

The government of each country thinks differently due to which rules of every country are different from others so I think if Bitcoin and altcoins remain successful in future as they are now then a time is not far if every government will be ready to accept Bitcoin. Now due to illegal use of Bitcoin and its use in crimes does not allow all of the countries to accept Bitcoin therefore if good use enhances and bad use reduces then it is possible that Bitcoin will be legal for every individual throughout the world.

A person can only take advantage of the crypto investment if he works under the rules settled by the government because the government always thinks good about its citizens so one should take profit from Bitcoin and altcoins investment if the government permits its uses and the boundaries become eliminated.

[yohananaomi]

Legal legislation changes over time, and therefore banning Bitcoin or allowing trading will not benefit investors unless there is a clear law explaining how to deal with cryptocurrencies, the exchanges that are allowed, the registration conditions, and the accompanying tax data. If there is no clear legal legislation in your country, it is better to buy Bitcoin not trading, but rather a long-term investment.

The only difference is that after the ban is lifted, there will be a greater possibility of the existence of exchanges, and therefore the commission fees are lower (in P2P it is high), in addition to the possibility of trading and other options.

excellent  The importance of your words is immense. You have arranged the words beautifully.  Bitcoin is still illegal in different countries and when this Bitcoin is legalized then people will be able to use it safely in these countries where Bitcoin is legal in those countries today there is no need to face any kind of trouble to transact.  The increase in Bitcoin transactions will likely lead to gains in many parts of the country and losses in large parts as many professional killers transact their money through Bitcoin.  In this they are very comfortable and have less ricks.

There will always be pros and cons to every update that exists, and this is something natural. It is necessary to always adapt to the updates that occur, including bitcoin. You are right that there are still many countries that do not and have not fully accepted bitcoin, because maybe the regulations do not exist because the country should not be unable to protect its citizens from this bitcoin.
Agree, there are those who benefit from giving bitcoin, accepted and can contribute to state revenue, but not a few if there are no regulations, will be misused by a few people for money laundering from illegal transactions.

[koang]

There will always be pros and cons to every update that exists, and this is something natural. It is necessary to always adapt to the updates that occur, including bitcoin. You are right that there are still many countries that do not and have not fully accepted bitcoin, because maybe the regulations do not exist because the country should not be unable to protect its citizens from this bitcoin.
Agree, there are those who benefit from giving bitcoin, accepted and can contribute to state revenue, but not a few if there are no regulations, will be misused by a few people for money laundering from illegal transactions.

I get what you are saying but money laundering?  it is irrelevant, this is an old issue spread by crypto haters.
Bitcoin will get mass adoption when everyone else changes their mentality.
It's not will happen in the blink of an eye, but it will happen

Bitcoin is a great ideology and not impossible to get accomplished in real life but If we don't believe the slightest then yes, it will not happen but when the voice of the people gets stronger, the government has no choice but to accept it.
We must choose the right battles

[Etranger]

Governments will never reject such tool of control, as fiat money. Moreover, they will try their best to impose it and to make it even more restrictive. Because that is how they gain control and power over population. Crypto can be one of the payment tools but most likely not a fully legal one. And you always have to convert some part into fiat, because crypto is not adopted everywhere, so you have to address to traditional money.

The best-case scenario is that governments will allow crypto to coexist with fiat as a means of payment, similar to in El Salvador. However, this also comes with many regulatory risks, so for now, I only hope that crypto will be recognized as a legitimate asset class for storage and trading.

As you said, governments will never abandon fiat, at least as far as I understand. Fiat is not only a means of payment under the government's control, but it is also an effective tool for governments to manage and intervene deeply in the economy when necessary, such as during a pandemic or rescuing companies that are too big to fail.

Of course, fiat is provided by the government, it is its brainchild. And it is clear that governments will not refuse it, because the entire economy of the country is tied to it. Personally, I do not think that cryptocurrency should become a means of payment on par with fiat. Cryptocurrency develops and flourishes due to its niche nature, because it does not duplicate the properties of fiat, but solves those problematic points that fiat is not able to close.

[yohananaomi]

Governments will never reject such tool of control, as fiat money. Moreover, they will try their best to impose it and to make it even more restrictive. Because that is how they gain control and power over population. Crypto can be one of the payment tools but most likely not a fully legal one. And you always have to convert some part into fiat, because crypto is not adopted everywhere, so you have to address to traditional money.

The best-case scenario is that governments will allow crypto to coexist with fiat as a means of payment, similar to in El Salvador. However, this also comes with many regulatory risks, so for now, I only hope that crypto will be recognized as a legitimate asset class for storage and trading.

As you said, governments will never abandon fiat, at least as far as I understand. Fiat is not only a means of payment under the government's control, but it is also an effective tool for governments to manage and intervene deeply in the economy when necessary, such as during a pandemic or rescuing companies that are too big to fail.

Of course, fiat is provided by the government, it is its brainchild. And it is clear that governments will not refuse it, because the entire economy of the country is tied to it. Personally, I do not think that cryptocurrency should become a means of payment on par with fiat. Cryptocurrency develops and flourishes due to its niche nature, because it does not duplicate the properties of fiat, but solves those problematic points that fiat is not able to close.

It would be better, of course, for crypto to exist to be able to cover what fiat might not be able to do and vice versa, what fiat does. So it would be better to cover each other with each other's shortcomings that might not be able to be done.
I think what you said is right, that cryptocurrencies will never be the same as what fiat has done, Because fiat will be the main means of payment forever, although the development of crypto may be even wider.
Replacing the existence of fiat will certainly be difficult to do because fiat is the main currency in almost every sovereign country.

[Etranger]

It would be better, of course, for crypto to exist to be able to cover what fiat might not be able to do and vice versa, what fiat does. So it would be better to cover each other with each other's shortcomings that might not be able to be done.
I think what you said is right, that cryptocurrencies will never be the same as what fiat has done, Because fiat will be the main means of payment forever, although the development of crypto may be even wider.
Replacing the existence of fiat will certainly be difficult to do because fiat is the main currency in almost every sovereign country.

But in fact, this is practically the case. Cryptocurrency definitely closes the problematic issues of fiat. And vice versa is also fair, because no matter how much we are crazy about cryptocurrencies, it is not a universal means of payment, and in any case, there is always in the end a need to exchange it for fiat. And the nominal value of cryptocurrency is determined one way or another through fiat, it is tied to it. Without fiat, cryptocurrency does not exist yet. And I think this is good, because we have a choice, an alternative. And not one solution to all problems.

[pieppiep]

It would be better, of course, for crypto to exist to be able to cover what fiat might not be able to do and vice versa, what fiat does. So it would be better to cover each other with each other's shortcomings that might not be able to be done.
I think what you said is right, that cryptocurrencies will never be the same as what fiat has done, Because fiat will be the main means of payment forever, although the development of crypto may be even wider.
Replacing the existence of fiat will certainly be difficult to do because fiat is the main currency in almost every sovereign country.

But in fact, this is practically the case. Cryptocurrency definitely closes the problematic issues of fiat. And vice versa is also fair, because no matter how much we are crazy about cryptocurrencies, it is not a universal means of payment, and in any case, there is always in the end a need to exchange it for fiat. And the nominal value of cryptocurrency is determined one way or another through fiat, it is tied to it. Without fiat, cryptocurrency does not exist yet. And I think this is good, because we have a choice, an alternative. And not one solution to all problems.

Agreed, With the circulation of Cryptocurrency we can see the development of technology is getting faster so that sending money becomes easier with fairly cheap transaction costs. We can see the cost of Bitcoin which is currently less than $ 1. So with this Cryptocurrency it is very beneficial for many countries and its users when they want to make transactions between countries. While when using fiat everything is very complicated and not as easy as imagined, Even the transaction costs are also very high.

[dekafee79]

Agreed, With the circulation of Cryptocurrency we can see the development of technology is getting faster so that sending money becomes easier with fairly cheap transaction costs. We can see the cost of Bitcoin which is currently less than $ 1. So with this Cryptocurrency it is very beneficial for many countries and its users when they want to make transactions between countries. While when using fiat everything is very complicated and not as easy as imagined, Even the transaction costs are also very high.

Transactions with crypto will make it easier for us, but crypto is not yet as popular as FIAT, which should be the duty of crypto lovers to always share about crypto in society. just knowledge about crypto, but that doesn't mean we invite them to invest in crypto because the risks are also big. By making cheap transactions in crypto, it makes it easier for us.

[0t3p0t]

Agreed, With the circulation of Cryptocurrency we can see the development of technology is getting faster so that sending money becomes easier with fairly cheap transaction costs. We can see the cost of Bitcoin which is currently less than $ 1. So with this Cryptocurrency it is very beneficial for many countries and its users when they want to make transactions between countries. While when using fiat everything is very complicated and not as easy as imagined, Even the transaction costs are also very high.

Transactions with crypto will make it easier for us, but crypto is not yet as popular as FIAT, which should be the duty of crypto lovers to always share about crypto in society. just knowledge about crypto, but that doesn't mean we invite them to invest in crypto because the risks are also big. By making cheap transactions in crypto, it makes it easier for us.

Cryptocurrency for me is the best option for people who are looking for something to invest into that might possibly gave financial freedom which fiat is lacking. And you are correct people should atleast invest time to study the basics of crypto before jumping in so that things will go smoothly without having any issues.