Crypto markets can exist without government permission

[Report]

My country used to strictly prohibit the circulation of cryptocurrency so that many people gave statements to us as criminals or scammers because cryptocurrency is identical to fraud.
Until now, I still keep quiet and do not give any information to friends in the real world about cryptocurrency because I am so afraid of being labeled as a fraud in the digital world. Even though cryptocurrency is now allowed to be traded, I still keep quiet to be more private and hide from everyone.

[erus]

~snip~
Does your country have a plan to accept crypto? Are you willing to use crypto as a legal payment method alongside fiat currency?

My country is still open to crypto and everything that is caused by crypto, such as profits and losses, is borne by the person who joins crypto, but trade taxes must still go to the government because it is from the government that taxes are ultimately distributed to the community.
The characteristic in our country is that it is very DWYOR to those who join crypto. I can also attend this altcoinstalks because I am sure that the local government does not prohibit the circulation of crypto but all the effects of this crypto are borne by me myself. While I myself do like crypto as a digital asset whose price can be very expensive or change to cheap at any time.

~snip~
There may still be some countries that prohibit crypto, but it is likely that in the future the government in that country will allow it, it's just a matter of time.

But it's not just a matter of time because I pay attention to crypto regulations in the country. Time can also be taken into account because no human person is able to stop time. Crypto in a country that is prohibited now must have many factors, maybe among them is the incompleteness of the government if something that happens to its users ended later the government itself is blamed. Like a word like this Crypto is Boomerang in a country that prohibits crypto.

[malah]

~snip~
Does your country have a plan to accept crypto? Are you willing to use crypto as a legal payment method alongside fiat currency?

My country is still open to crypto and everything that is caused by crypto, such as profits and losses, is borne by the person who joins crypto, but trade taxes must still go to the government because it is from the government that taxes are ultimately distributed to the community.
The characteristic in our country is that it is very DWYOR to those who join crypto. I can also attend this altcoinstalks because I am sure that the local government does not prohibit the circulation of crypto but all the effects of this crypto are borne by me myself. While I myself do like crypto as a digital asset whose price can be very expensive or change to cheap at any time.

~snip~
There may still be some countries that prohibit crypto, but it is likely that in the future the government in that country will allow it, it's just a matter of time.

But it's not just a matter of time because I pay attention to crypto regulations in the country. Time can also be taken into account because no human person is able to stop time. Crypto in a country that is prohibited now must have many factors, maybe among them is the incompleteness of the government if something that happens to its users ended later the government itself is blamed. Like a word like this Crypto is Boomerang in a country that prohibits crypto.

Indeed, regulatory measures applied to decentralized coins in different countries can be considered as one of the parameters affecting the implementation and growth of this industry. If a country decides to ban crypto, then the government might not wish to deal with emerging issues that tend to occur like security, fraud or market fluctuations. They may be afraid that in case of some substantial issue happens, the public will turn to the government to seek justice. Therefore, Wei crypto can be best described as a boomerang that might come back to ‘bite’ if not well ‘handled’. Besides, it is also important to notice that with the time and constant development of cryptocurrencies, the problem of regulations in many countries stays one of the largest challenges for this industry.

[royalRitta]

But it's not just a matter of time because I pay attention to crypto regulations in the country. Time can also be taken into account because no human person is able to stop time. Crypto in a country that is prohibited now must have many factors, maybe among them is the incompleteness of the government if something that happens to its users ended later the government itself is blamed. Like a word like this Crypto is Boomerang in a country that prohibits crypto.

Yeah, much of the time is needed for different govs see different pros of the crypto, mostly because they want to regulate something that is decentralized at its core.
But I do hope for every country to rethink its stance on it if it's negative.

[erus]

But it's not just a matter of time because I pay attention to crypto regulations in the country. Time can also be taken into account because no human person is able to stop time. Crypto in a country that is prohibited now must have many factors, maybe among them is the incompleteness of the government if something that happens to its users ended later the government itself is blamed. Like a word like this Crypto is Boomerang in a country that prohibits crypto.

~snip~
But I do hope for every country to rethink its stance on it if it's negative.

In that country there must be many rules that apply, just like in crypto too. If crypto is adopted in a country then there will definitely be many rules imposed by the country on the presence of crypto. Moreover, as far as I know, crypto is very vulnerable to hacking and the country also does not want to lose when one day the country's assets in the form of crypto are hacked by irresponsible people and finally the country's assets are minus or disappear.

[Cantsay]

Yeah, much of the time is needed for different govs see different pros of the crypto, mostly because they want to regulate something that is decentralized at its core.
But I do hope for every country to rethink its stance on it if it's negative.

The only time I see the government not seeing it as a threat is when someone with deep knowledge of crypto and also a crypto ethuthiast gets into power that’s when he can start making decisions that will favour crypto.

But for now all we have are those who have chose to believe that crypto will cause harm to those in power if allowed to stand and they have taken it deep into their hearts that they don’t even bother to see recent developments.

[Asiska02]

My country used to strictly prohibit the circulation of cryptocurrency so that many people gave statements to us as criminals or scammers because cryptocurrency is identical to fraud.
Until now, I still keep quiet and do not give any information to friends in the real world about cryptocurrency because I am so afraid of being labeled as a fraud in the digital world. Even though cryptocurrency is now allowed to be traded, I still keep quiet to be more private and hide from everyone.

This shows that they still lack the crypto knowledge in your environment. It’s happening everywhere that there is no sufficient knowledge of cryptocurrency. That is what they think everybody who is into crypto will label that person as a scammer, or maybe someone who has been scammed through the crypto space will also see crypto as a scam, and people will find it very hard to know about bitcoin in places where they think cryptocurrency is a scam because even the few people who know about it and have the knowledge will be afraid of telling them about it just the way you are doing now.

You don’t want to tell anyone because of the fear of your government and also the kind of eye that society will be watching you with. I can tell you are so lucky to be aware of the crypto world, and coming from such environments where they can’t differentiate crypto and scam is really hard. 

[dekafee79]

Yeah, much of the time is needed for different govs see different pros of the crypto, mostly because they want to regulate something that is decentralized at its core.
But I do hope for every country to rethink its stance on it if it's negative.

The only time I see the government not seeing it as a threat is when someone with deep knowledge of crypto and also a crypto ethuthiast gets into power that’s when he can start making decisions that will favour crypto.

But for now all we have are those who have chose to believe that crypto will cause harm to those in power if allowed to stand and they have taken it deep into their hearts that they don’t even bother to see recent developments.

I think there are actually many government officials who have bought and stored their wealth in crypto, although this is not exposed by the media. And the government should not ban crypto, but only make rules so that it is not misused, for example sharing information with local exchanges.

[Cantsay]

I think there are actually many government officials who have bought and stored their wealth in crypto, although this is not exposed by the media.

Even if bitcoin or crypto becomes accepted by the government those in power still won’t disclose their holding in crypto, so it’s not really because it’s not accepted or anything that makes them buy and keep in secret it’s sometimes because they don’t want people to know incase anything happens to them and their properties are confiscated they can still have something to fall back to. It’s mostly used as a back up plan.

[nakmantu99]

I think there are actually many government officials who have bought and stored their wealth in crypto, although this is not exposed by the media.

Even if bitcoin or crypto becomes accepted by the government those in power still won’t disclose their holding in crypto, so it’s not really because it’s not accepted or anything that makes them buy and keep in secret it’s sometimes because they don’t want people to know incase anything happens to them and their properties are confiscated they can still have something to fall back to. It’s mostly used as a back up plan.

I also agree with your opinion, it is possible that government officials also invest in bitcoin and altcoin but they keep it secret. Whether it is clean money or not. But the suspicion towards that direction is there and makes sense.

[pieppiep]

I think there are actually many government officials who have bought and stored their wealth in crypto, although this is not exposed by the media.

Even if bitcoin or crypto becomes accepted by the government those in power still won’t disclose their holding in crypto, so it’s not really because it’s not accepted or anything that makes them buy and keep in secret it’s sometimes because they don’t want people to know incase anything happens to them and their properties are confiscated they can still have something to fall back to. It’s mostly used as a back up plan.

I also agree with your opinion, it is possible that government officials also invest in bitcoin and altcoin but they keep it secret. Whether it is clean money or not. But the suspicion towards that direction is there and makes sense.

Although the government officials may have some degree of share or involvement in Bitcoin or altcoins, not all the officials will do it, or act illicite. I think that majority of officials do not cheat and disclose the financial statements of their organizations, and if is obligatory will report about crypto assets. Besides, one cannot say that all officials who bought cryptocurrency use dirty money. Allegations of this nature are risky in that they discuss reputations most especially when baseless information is placed on the public domain.

[luckyledger]

I think there are actually many government officials who have bought and stored their wealth in crypto, although this is not exposed by the media.

Even if bitcoin or crypto becomes accepted by the government those in power still won’t disclose their holding in crypto, so it’s not really because it’s not accepted or anything that makes them buy and keep in secret it’s sometimes because they don’t want people to know incase anything happens to them and their properties are confiscated they can still have something to fall back to. It’s mostly used as a back up plan.

I also agree with your opinion, it is possible that government officials also invest in bitcoin and altcoin but they keep it secret. Whether it is clean money or not. But the suspicion towards that direction is there and makes sense.

Some do it openly, and some - probably do not, it's up to each person in high places to be a law-abiding member of his gov and be fair about it

[milewilda]

I think there are actually many government officials who have bought and stored their wealth in crypto, although this is not exposed by the media.

Even if bitcoin or crypto becomes accepted by the government those in power still won’t disclose their holding in crypto, so it’s not really because it’s not accepted or anything that makes them buy and keep in secret it’s sometimes because they don’t want people to know incase anything happens to them and their properties are confiscated they can still have something to fall back to. It’s mostly used as a back up plan.

I also agree with your opinion, it is possible that government officials also invest in bitcoin and altcoin but they keep it secret. Whether it is clean money or not. But the suspicion towards that direction is there and makes sense.

If we do speak about those hidden plans or secrets then we do know that government is really that good at that. They would really be that pretending that they are against with Bitcoin or crypto
but just like been said that we dont even know on what they are involving into or plans in the shadows. They would really be wanting on dealing up with things and doesnt really
like on getting behind. Yes, this crypto market space could exist out without centralization but we do know that we would be able to touch up centralized platforms on which these
companies are heavily regulated.

[doc]

If we do speak about those hidden plans or secrets then we do know that government is really that good at that. They would really be that pretending that they are against with Bitcoin or crypto
but just like been said that we dont even know on what they are involving into or plans in the shadows. They would really be wanting on dealing up with things and doesnt really
like on getting behind. Yes, this crypto market space could exist out without centralization but we do know that we would be able to touch up centralized platforms on which these
companies are heavily regulated.

I also think that many countries were against bitcoin when it was first launched, but they actually studied it and finally accepted it. We don't know if there are any hidden projects by the government in our country, for example, they will launch a crypto currency to participate in the crypto market. This is also a good thing.

[pieppiep]

If we do speak about those hidden plans or secrets then we do know that government is really that good at that. They would really be that pretending that they are against with Bitcoin or crypto
but just like been said that we dont even know on what they are involving into or plans in the shadows. They would really be wanting on dealing up with things and doesnt really
like on getting behind. Yes, this crypto market space could exist out without centralization but we do know that we would be able to touch up centralized platforms on which these
companies are heavily regulated.

I also think that many countries were against bitcoin when it was first launched, but they actually studied it and finally accepted it. We don't know if there are any hidden projects by the government in our country, for example, they will launch a crypto currency to participate in the crypto market. This is also a good thing.

Indeed, As technology based on the blockchain unfolds, more countries are starting to shift their perspective on cryptocurrency. for a while, governments around the world dismissed the idea out of hand, but after further research into the potential advantages and disadvantages to both their countries and the global community, have shifted towards contemplating the implementation of the innovation. Some countries are either considering or are actively creating their own central bank digital currencies in orderto regulate the digital economy and engage in the world of crypto more systematically. They enable them to adapt to the emerging market conditions in the global economy besides offsetting risk that accompany uncontrolled use of digital currency. It could be a form of planning for the future in a bid to create economic stability as well as to discourage further development of financial instruments.