Crypto markets can exist without government permission

[royalRitta]

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.

Yeah, there is a whole concept about CDBC being developed all around and how central banks would be able to use them to pursue their own goals, but for now, it's all only a thin air or a bunch of thoughts piled up on one another. Only time will tell who and how crypto will be integrated the best way out there.

[enoch_from_off]

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.

For now, El Salvador is the main country everybody focuses on in terms of accepting BTC - others are not so eager to do so, and even then, if it (El Salvador) will resolve its debt via BTC, it will be a glorious example of how BTC may be used in other things, not only for investment but for issues like that too.

[MrSpasybo]

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.

I believe governments have a token they're aiming to implement but find difficult to manage: CBDC. This was once their proposed solution to replace fiat currency and counter crypto, but most CBDCs haven't been truly successful due to public opposition and limitations in international trade.

Governments are gradually shifting their views and policies on crypto, but it's still insufficient to drive the market growth. I think the US will be the nation to officially trigger a global crypto wave when it formally accepts BTC as a national reserve and plans to become the world crypto-hub.

[enoch_from_off]

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.

I believe governments have a token they're aiming to implement but find difficult to manage: CBDC. This was once their proposed solution to replace fiat currency and counter crypto, but most CBDCs haven't been truly successful due to public opposition and limitations in international trade.

Governments are gradually shifting their views and policies on crypto, but it's still insufficient to drive the market growth. I think the US will be the nation to officially trigger a global crypto wave when it formally accepts BTC as a national reserve and plans to become the world crypto-hub.

I too heard about CBDC recently, there are pros and cons, mainly that it's the central banks' dog on a leash, basically, and can be used accordingly just like any other reserve in need, but, only time will tell how exactly it will be implemented and released into the world.

[bitcoin-shark]

Regardless of the specific case, cryptocurrencies and bitcoin in particular were created for this specific purpose, to exist and be immune to the control of governments/states, to be able to create an alternative market, a choice without intermediaries and therefore without banks

[MRY]

Regardless of the specific case, cryptocurrencies and bitcoin in particular were created for this specific purpose, to exist and be immune to the control of governments/states, to be able to create an alternative market, a choice without intermediaries and therefore without banks

Yes, that’s right. Bitcoin and other cryptocurrencies were developed with the purpose to introduce healthier financial freedom and decentralization of the economy. This is embedded in the fact that with use of crypto a individual is able to solve his problems directly, without resorting to third parties such as banks or financial institutions. This gives individuals a chance to have total control over their property at the same time being immune to government or state the intervention. Nonetheless, with time we have seen some other factors as limitations like regulation and slow rate of uptake but the essence of decentralization is appealing to many people who would love their operations to be free .

[MrSpasybo]

Yes, that’s right. Bitcoin and other cryptocurrencies were developed with the purpose to introduce healthier financial freedom and decentralization of the economy. This is embedded in the fact that with use of crypto a individual is able to solve his problems directly, without resorting to third parties such as banks or financial institutions. This gives individuals a chance to have total control over their property at the same time being immune to government or state the intervention. Nonetheless, with time we have seen some other factors as limitations like regulation and slow rate of uptake but the essence of decentralization is appealing to many people who would love their operations to be free .

It's true that BTC and crypto were created to be accessible to everyone without the need for intermediaries, but reality shows that the crypto market cannot thrive without government acceptance or support. Governments cannot interfere with the blockchain, but they have numerous ways to suppress crypto if they deem it a threat to fiat and the domestic economy.

Blocking CEX websites, banning CEX operations, requiring CEXs to provide customer transaction data, prohibiting crypto trading and mining, and continuously disseminating negative propaganda about crypto with accusations related to money laundering and crime... If these actions are carried out extensively, it could deter people from investing in crypto and hinder the development of the crypto market in that country.

[Etranger]

It's true that BTC and crypto were created to be accessible to everyone without the need for intermediaries, but reality shows that the crypto market cannot thrive without government acceptance or support. Governments cannot interfere with the blockchain, but they have numerous ways to suppress crypto if they deem it a threat to fiat and the domestic economy.

Blocking CEX websites, banning CEX operations, requiring CEXs to provide customer transaction data, prohibiting crypto trading and mining, and continuously disseminating negative propaganda about crypto with accusations related to money laundering and crime... If these actions are carried out extensively, it could deter people from investing in crypto and hinder the development of the crypto market in that country.

All this makes sense in relation to countries that have a significant amount of resources to implement such obstacles in working with cryptocurrencies. But not every country can afford this kind of fight. Therefore, the statement that cryptocurrencies cannot thrive without state approval and regulation is too general. There are many countries where cryptocurrency regulation is far from being the first place in the list, it is not a priority. Therefore, the cryptosphere exists quite autonomously.

[SmartGold01]

All this makes sense in relation to countries that have a significant amount of resources to implement such obstacles in working with cryptocurrencies. But not every country can afford this kind of fight. Therefore, the statement that cryptocurrencies cannot thrive without state approval and regulation is too general. There are many countries where cryptocurrency regulation is far from being the first place in the list, it is not a priority. Therefore, the cryptosphere exists quite autonomously.

As far as I know the industry has been sailing swiftly without the approval of any authority, this way bitcoin is also not depending on any particular country for the price double or fall below expected price, therefore market keeps growing and increasing gradually. Even though it's used as legal tender or not people are even using it the more to perform some secret transactions, and come to think of this, we cryptocurrency or bitcoin is made as legal tender then I must say there would be much monitoring and government might also implement everyone to get their address or wallet register to enable them have control over how funds are being moved within the space. Don't be surprised that many people wouldn't want bitcoin to serve as legal tender because it's that easy for them to perform cool and anonymous transaction without anyone's knowledge, therefore, legalization may not make bitcoin price soar as we may think.

[enoch_from_off]

It's true that BTC and crypto were created to be accessible to everyone without the need for intermediaries, but reality shows that the crypto market cannot thrive without government acceptance or support. Governments cannot interfere with the blockchain, but they have numerous ways to suppress crypto if they deem it a threat to fiat and the domestic economy.

Blocking CEX websites, banning CEX operations, requiring CEXs to provide customer transaction data, prohibiting crypto trading and mining, and continuously disseminating negative propaganda about crypto with accusations related to money laundering and crime... If these actions are carried out extensively, it could deter people from investing in crypto and hinder the development of the crypto market in that country.

All this makes sense in relation to countries that have a significant amount of resources to implement such obstacles in working with cryptocurrencies. But not every country can afford this kind of fight. Therefore, the statement that cryptocurrencies cannot thrive without state approval and regulation is too general. There are many countries where cryptocurrency regulation is far from being the first place in the list, it is not a priority. Therefore, the cryptosphere exists quite autonomously.

Yeah, it's a gap that smaller countries may use to get a leap in that field, whereas bigger countries wouldn't be able to do so due to regulations  / wanting to control the crypto space.
I do hope to see more countries like El Salvador in that regard. And even better.

[doc]

As far as I know the industry has been sailing swiftly without the approval of any authority, this way bitcoin is also not depending on any particular country for the price double or fall below expected price, therefore market keeps growing and increasing gradually. Even though it's used as legal tender or not people are even using it the more to perform some secret transactions, and come to think of this, we cryptocurrency or bitcoin is made as legal tender then I must say there would be much monitoring and government might also implement everyone to get their address or wallet register to enable them have control over how funds are being moved within the space. Don't be surprised that many people wouldn't want bitcoin to serve as legal tender because it's that easy for them to perform cool and anonymous transaction without anyone's knowledge, therefore, legalization may not make bitcoin price soar as we may think.

Bitcoin can be used as a good payment tool and we can do it anytime and anywhere as long as there is an internet connection. This is financial freedom. And I never thought bitcoin would become a legal tender, because it seems like it will never happen. Bitcoin is a decentralized system and no one can control it.
Bitcoin will likely become more popular and more widely used in the future.

[Celph]

I dont really think so actually.Since government has the upper hand in regulating what is to be and what not to be.Considering china and sonw other countries aho do not allow the engagement of crypto activities i  theur countries.For some it could even be considered a crine or something wlse of that nature,i think.
They can regulate, tax, and enforce laws to combat illicit activities. China's ban, the US SEC's oversight, and EU's AML directives show how governments shape the landscape.
It's a delicate balance between decentralization and regulation. Crypto markets can exist without explicit permission, but governments influence the environment through laws, regulations, and enforcement.

[yohananaomi]

As far as I know the industry has been sailing swiftly without the approval of any authority, this way bitcoin is also not depending on any particular country for the price double or fall below expected price, therefore market keeps growing and increasing gradually. Even though it's used as legal tender or not people are even using it the more to perform some secret transactions, and come to think of this, we cryptocurrency or bitcoin is made as legal tender then I must say there would be much monitoring and government might also implement everyone to get their address or wallet register to enable them have control over how funds are being moved within the space. Don't be surprised that many people wouldn't want bitcoin to serve as legal tender because it's that easy for them to perform cool and anonymous transaction without anyone's knowledge, therefore, legalization may not make bitcoin price soar as we may think.

Bitcoin can be used as a good payment tool and we can do it anytime and anywhere as long as there is an internet connection. This is financial freedom. And I never thought bitcoin would become a legal tender, because it seems like it will never happen. Bitcoin is a decentralized system and no one can control it.
Bitcoin will likely become more popular and more widely used in the future.

The popularity of bitcoin is indeed unquestionable and many already know it and, of course, this is something very good, so that more and more countries will want to accept bitcoin in its entirety, not half-heartedly, because recognizing but not being accepted as a legal means of transaction will certainly be a problem because it must be changed to fiat first.
Because of the system, bitcoin will indeed not be able to be controlled and, of course, this is very profitable, but there are still many countries that have problems with this, so there are restrictions on accepting bitcoin.

[36B]

As far as I know the industry has been sailing swiftly without the approval of any authority, this way bitcoin is also not depending on any particular country for the price double or fall below expected price, therefore market keeps growing and increasing gradually. Even though it's used as legal tender or not people are even using it the more to perform some secret transactions, and come to think of this, we cryptocurrency or bitcoin is made as legal tender then I must say there would be much monitoring and government might also implement everyone to get their address or wallet register to enable them have control over how funds are being moved within the space. Don't be surprised that many people wouldn't want bitcoin to serve as legal tender because it's that easy for them to perform cool and anonymous transaction without anyone's knowledge, therefore, legalization may not make bitcoin price soar as we may think.

Bitcoin can be used as a good payment tool and we can do it anytime and anywhere as long as there is an internet connection. This is financial freedom. And I never thought bitcoin would become a legal tender, because it seems like it will never happen. Bitcoin is a decentralized system and no one can control it.
Bitcoin will likely become more popular and more widely used in the future.

The popularity of bitcoin is indeed unquestionable and many already know it and, of course, this is something very good, so that more and more countries will want to accept bitcoin in its entirety, not half-heartedly, because recognizing but not being accepted as a legal means of transaction will certainly be a problem because it must be changed to fiat first.
Because of the system, bitcoin will indeed not be able to be controlled and, of course, this is very profitable, but there are still many countries that have problems with this, so there are restrictions on accepting bitcoin.

In this regard the main factor lies in the fact that more efforts should be made to explain the reasons behind acceptance of Bitcoin as a legal tender, so, there is a lack of an open discussion with governments of various states. With a clearer and more positive understanding of what blockchain technology is and what Bitcoin can offer, as a currency and a platform, governments will be more comfortable structuring regulations to support further innovation, while not at the cost of economic stability. Furthermore, it needs to be illustrated that Bitcoin could help to make greater financial services available for those who have limited opportunities to obtain them with the assistance of conventional methods.

As for now assembled in what at first might seem as a cumbersome, cliquish ecosystem such as it as user we can also do our part and keep supporting elements that make Bitcoin as a medium of exchange easier to integrate into the framework of our everyday life. The improvement in the environment, including the digital wallets and the payment systems, will lead to increased use of the technologies. With the evolution of the systems that underlie this digital currency,there shall be a continued progressive of more nations considering to accord Bitcoin legal recognition without necessarily having to convert it into fiat currencies.

[MrSpasybo]

In this regard the main factor lies in the fact that more efforts should be made to explain the reasons behind acceptance of Bitcoin as a legal tender, so, there is a lack of an open discussion with governments of various states. With a clearer and more positive understanding of what blockchain technology is and what Bitcoin can offer, as a currency and a platform, governments will be more comfortable structuring regulations to support further innovation, while not at the cost of economic stability. Furthermore, it needs to be illustrated that Bitcoin could help to make greater financial services available for those who have limited opportunities to obtain them with the assistance of conventional methods.

As for now assembled in what at first might seem as a cumbersome, cliquish ecosystem such as it as user we can also do our part and keep supporting elements that make Bitcoin as a medium of exchange easier to integrate into the framework of our everyday life. The improvement in the environment, including the digital wallets and the payment systems, will lead to increased use of the technologies. With the evolution of the systems that underlie this digital currency,there shall be a continued progressive of more nations considering to accord Bitcoin legal recognition without necessarily having to convert it into fiat currencies.

I believe governments have conducted sufficient research on BTC to understand its value and potential. After all, their economic experts must be constantly monitoring the crypto market. The only reason they might prohibit crypto is that they aren't prepared for the acceptance of a new asset class that solely exists online. They fear a minor oversight could lead to catastrophic consequences for the national economy.

Another issue is that crypto can be used as a fiat alternative, which is difficult for governments to accept as fiat is the simplest financial tool for them to manage the economy. If this tool is taken away, governments will struggle to intervene as they don't control public blockchains to print or burn money.