Crypto markets can exist without government permission

[nakmantu99]

You are right, government support will affect crypto. because with the support of the government, especially a big country like the US, the price of bitcoin reaches its ATH. Trump has made a good decision during the campaign to support bitcoin and will make the US a [bitcoin center so that the price of bitcoin skyrocketed when the vote count for Trump won the US presidential election.

We have seen it now, Trump promised to support bitcoin and make the US a bitcoin center and even fired SEC officials for doing many things that hinder the development of crypto. With that campaign promise when Trump won the presidential election, the price of bitcoin soared and touched ATH, so I also agree that government support will affect the price of crypto because investing needs to be comfortable for its citizens.

[MrSpasybo]

We have seen it now, Trump promised to support bitcoin and make the US a bitcoin center and even fired SEC officials for doing many things that hinder the development of crypto. With that campaign promise when Trump won the presidential election, the price of bitcoin soared and touched ATH, so I also agree that government support will affect the price of crypto because investing needs to be comfortable for its citizens.

Yes, that's what we've confirmed: crypto can still exist without government approval, but it's difficult to thrive. Government support is something the crypto community hopes for and welcomes, or in a normal case, as long as it's not suppressed, crypto will develop based on its real value.

We've witnessed the positive impact that BTC has brought to El Salvador, and I'm also waiting for a similar miracle for the US under Trump ^^

[densus88]

We have seen it now, Trump promised to support bitcoin and make the US a bitcoin center and even fired SEC officials for doing many things that hinder the development of crypto. With that campaign promise when Trump won the presidential election, the price of bitcoin soared and touched ATH, so I also agree that government support will affect the price of crypto because investing needs to be comfortable for its citizens.

Yes, that's what we've confirmed: crypto can still exist without government approval, but it's difficult to thrive. Government support is something the crypto community hopes for and welcomes, or in a normal case, as long as it's not suppressed, crypto will develop based on its real value.

We've witnessed the positive impact that BTC has brought to El Salvador, and I'm also waiting for a similar miracle for the US under Trump ^^

We all know that when bitcoin was first launched, governments in almost all countries banned bitcoin from circulating in their countries, but in reality bitcoin is getting more expensive and more people own it. The popularity of bitcoin increased until finally the government accepted bitcoin as an investment for its citizens.
That's what makes us think that maybe bitcoin and crypto will still exist without government support, but it will be difficult to develop.
And recently we saw when Trump said he would support bitcoin during the US presidential campaign, making the price of bitcoin touch ATH when Trump was announced as the winner of the US presidential election.

[enwi]

You are right, government support will affect crypto. because with the support of the government, especially a big country like the US, the price of bitcoin reaches its ATH. Trump has made a good decision during the campaign to support bitcoin and will make the US a [bitcoin center so that the price of bitcoin skyrocketed when the vote count for Trump won the US presidential election.

We have seen it now, Trump promised to support bitcoin and make the US a bitcoin center and even fired SEC officials for doing many things that hinder the development of crypto. With that campaign promise when Trump won the presidential election, the price of bitcoin soared and touched ATH, so I also agree that government support will affect the price of crypto because investing needs to be comfortable for its citizens.

The influence of the US government towards cryptocurrencies is positive and that support meant a lot to influence the feeling of people in investing . Such policies would open the doors to tremendous development of such technologies as digital currencies. If such regulations are clearer, then this will not only attract interest from investors but also increase the place of the crypto market at the international level. From this it is clear that government investment and participation, if channelled correctly, can generate a stable and healthy environment for every link in the chain.

[yohananaomi]

It is a natural thing for the government to do to avoid something that might be misuse of bitcoin for illegal transactions and the government cannot track because of the special nature of bitcoin which has that facility.
But a good government can make regulations so that it can be tracked with rules where every use of bitcoin must be exchanged for the applicable fiat and on the local exchange, that's all that can be done.
But I agree with you that if it is indeed used illegally, both bitcoin and fiat can be done the same.
Many countries have made it easy to be used as an investment and trade, but legal use must be exchanged first into fiat.

I believe it is quite logical that governments seek to combat Bitcoin abuse with special rules since the currency is nearly impossible to track. I would like to second that, good regulation actually offers security and freedom of use like making fiat conversions at local exchanges for supervision. As we will see they can both be manipulated and thus require strict supervision, nevertheless the difference does exist. It also became easier to use Bitcoin for investment and trading if the countries meet the existing legal requirements.

It is natural that governments must provide protection for the state and citizens to avoid possible abuse, because the nature of bitcoin cannot be intervened by anything caused by bitcoin.
It is more effective with clear regulations, where the easiest and most feasible thing is that every transaction exchanged for fiat must go through a local exchange recognized by the government, so that there is supervision of transactions that can be seen and intervention can be carried out if necessary.

I agree with you, the easiest thing that the government can do to monitor crypto is to work with local exchanges to find out crypto to FIAT exchange transactions. So the identity of each user can be known by the government. This will make it uncomfortable for those who use crypto as illegal activities. But for me personally because I only do legal transactions, I am comfortable with this rule.

Regulations must indeed be made by the government with the aim of the good of its people and the government itself, although there may be many who deviate from the regulations that are already available and that is legitimate because it can be done.
But as a good society, there are times when we must support regulations that are made for the purpose of goodness.
The most effective way is to require exchange for fiat on local exchanges so that it can be known for the purpose of goodness.

[lombok]

The influence of the US government towards cryptocurrencies is positive and that support meant a lot to influence the feeling of people in investing . Such policies would open the doors to tremendous development of such technologies as digital currencies. If such regulations are clearer, then this will not only attract interest from investors but also increase the place of the crypto market at the international level. From this it is clear that government investment and participation, if channelled correctly, can generate a stable and healthy environment for every link in the chain.

The state participation in the cryptocurrency world has a potential to bring a new level of trust for many participants. When regulations are clear we can understand it’s a new chance for increasing financial inclusion and environmentally friendly innovation. Those favorable policies will help create a good environment for investors to have confidence, as well as enhance the level of crypto market internationally. If cooperation with the government is in practice as it is here today, the value of bitcoin can return to the level of $97,600 and set a new record again.

Regulations must indeed be made by the government with the aim of the good of its people and the government itself, although there may be many who deviate from the regulations that are already available and that is legitimate because it can be done.
But as a good society, there are times when we must support regulations that are made for the purpose of goodness.
The most effective way is to require exchange for fiat on local exchanges so that it can be known for the purpose of goodness.

Policies that exist for similar purposes can significantly become one of the four pillars for building a safer and more credible economic climate. It is important to support local exchanges to play focal roles in all the digital financial transactions to enhance on transparency and enhance community participation in digital financial sector. The regulations that are let out have to have the government working together with the community so that people can enjoy the benefits which go along with economic growth together with the protection of every individual involved.

[MrSpasybo]

Regulations must indeed be made by the government with the aim of the good of its people and the government itself, although there may be many who deviate from the regulations that are already available and that is legitimate because it can be done.
But as a good society, there are times when we must support regulations that are made for the purpose of goodness.

The most effective way is to require exchange for fiat on local exchanges so that it can be known for the purpose of goodness.

The government is elected by the people, but sometimes the government's actions go against the interests of the people, such as deficit spending or having overly extreme and outdated views that cause difficulties for the overall economy. The issue of a legal framework for crypto is also such a problem: crypto can actually benefit users, but it threatens the power of the government and the government wants to regulate crypto in the same way they regulate fiat.

I think we will soon no longer have to worry about the negative impacts from the government, as governments will also soon FOMO and start accumulating BTC for their national reserves. Currently, I think we can focus on how we can use our experience to profit when crypto becomes more popular worldwide.

[dekafee79]

Regulations must indeed be made by the government with the aim of the good of its people and the government itself, although there may be many who deviate from the regulations that are already available and that is legitimate because it can be done.
But as a good society, there are times when we must support regulations that are made for the purpose of goodness.
The most effective way is to require exchange for fiat on local exchanges so that it can be known for the purpose of goodness.

The government makes regulations to protect its citizens in investing in crypto and also the regulations are useful for the government itself because it can collect taxes from crypto transactions. and the exchange of crypto to FIAT in the local exchange should be mandatory so that crypto is not misused for illegal activities.

[Gurujebs]

The government makes regulations to protect its citizens in investing in crypto and also the regulations are useful for the government itself because it can collect taxes from crypto transactions. and the exchange of crypto to FIAT in the local exchange should be mandatory so that crypto is not misused for illegal activities.

The government also makes regulations so they can see the bad people in the crypto space. This is why they have mandated anyone interested in crypto to pass their KYC as done by the banks to be able to identify each customers so that once you violate the rules and regulations set aside, they can identify you without going much stress but that's not what crypto stand for.

The way institutional investors want crypto to go mainstream, it is highly possible but there is no way it will be possible without accepting the terms and conditions of the government and that is the only way to crypto to reach every corner of the world.

[MrSpasybo]

The government also makes regulations so they can see the bad people in the crypto space. This is why they have mandated anyone interested in crypto to pass their KYC as done by the banks to be able to identify each customers so that once you violate the rules and regulations set aside, they can identify you without going much stress but that's not what crypto stand for.

The way institutional investors want crypto to go mainstream, it is highly possible but there is no way it will be possible without accepting the terms and conditions of the government and that is the only way to crypto to reach every corner of the world.

Well, this reminds me of many mistakes I made in the past. I used to believe that blockchain and crypto would change the world and I needed to keep my information private because blockchain aims for decentralization and anonymity. That's why I didn't do KYC on any CEXs in 2017 and 2018. As a result, I missed the opportunity to sell many tokens at a good price, and when I realized the problem, my account had decreased by 90% due to the crypto winter and I couldn't do anything to save it.

Governments will always find ways to regulate markets, including the crypto market. They have enough ways to prevent or limit negative issues that may arise in this market and we have to get used to them. In the end, if the government has accepted crypto and we decide to seek profits from crypto, we also have to play by the government rules.

[nakmantu99]

The government also makes regulations so they can see the bad people in the crypto space. This is why they have mandated anyone interested in crypto to pass their KYC as done by the banks to be able to identify each customers so that once you violate the rules and regulations set aside, they can identify you without going much stress but that's not what crypto stand for.

The way institutional investors want crypto to go mainstream, it is highly possible but there is no way it will be possible without accepting the terms and conditions of the government and that is the only way to crypto to reach every corner of the world.

I agree with the government making regulations so that the misuse of crypto can be reduced because we know that if there is no KYC on the local exchange, the government will find it difficult to track suspicious transactions. and currently the government has collaborated with local exchanges, and the government should require crypto investors to transact on local exchanges in converting their crypto assets to FIAT.
but we know that someone can do many ways to circumvent existing regulations, but at least the government's steps to make regulations can reduce it.

[yohananaomi]

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The government makes regulations to protect its citizens in investing in crypto and also the regulations are useful for the government itself because it can collect taxes from crypto transactions. and the exchange of crypto to FIAT in the local exchange should be mandatory so that crypto is not misused for illegal activities.

It is natural that the government will provide protection for its citizens and, of course, for the interests of the country itself, with regulations made so that there is a sense of security for all parties, although it may not be able to satisfy everyone. The government is obliged to make these regulations.
I think there are many options that can be made by the government, but it seems that the thing and easy to do is to empower local exchanges, so that every transaction in fiat is required to be transacted on local exchanges. The benefits obtained are from the tax sector and at least a little can control illegal transactions.

[Blaze]

I agree with the government making regulations so that the misuse of crypto can be reduced because we know that if there is no KYC on the local exchange, the government will find it difficult to track suspicious transactions. and currently the government has collaborated with local exchanges, and the government should require crypto investors to transact on local exchanges in converting their crypto assets to FIAT.
but we know that someone can do many ways to circumvent existing regulations, but at least the government's steps to make regulations can reduce it.

This measure by the government for controlling the cryptocurrencies’ transactions is a move that give more directions and even more shield to all the stakeholders. With such regulations and the conversion of assets to fiat on the local exchanges, transparency enhances, and chances of unfair usage, can be reduced. While there are points left for contingents to navigate, they still make this regulation a solid foundation for building the tried and trusted environment of crypto assets. In helping to effect this step we can persist with applying the legislation currently in force while also advocating for enhancement of that framework in the coming future.

It is natural that the government will provide protection for its citizens and, of course, for the interests of the country itself, with regulations made so that there is a sense of security for all parties, although it may not be able to satisfy everyone. The government is obliged to make these regulations.
I think there are many options that can be made by the government, but it seems that the thing and easy to do is to empower local exchanges, so that every transaction in fiat is required to be transacted on local exchanges. The benefits obtained are from the tax sector and at least a little can control illegal transactions.

Measures taken by the government for now depict a good effort of safeguarding the community in the crypto environment all without compromising the stability of the economy. Through central authorization of local exchanges as one of the tool, transaction supervision becomes more institutionalised and a tax base which can be useful for national development can be achieved. Such policies offer fairness in the treatment of citizens and the handling of the digital assets so that all stakeholders can enjoy tangible benefits in a fast growing community.

[MrSpasybo]

I agree with the government making regulations so that the misuse of crypto can be reduced because we know that if there is no KYC on the local exchange, the government will find it difficult to track suspicious transactions. and currently the government has collaborated with local exchanges, and the government should require crypto investors to transact on local exchanges in converting their crypto assets to FIAT.
but we know that someone can do many ways to circumvent existing regulations, but at least the government's steps to make regulations can reduce it.

We want to see crypto grow, so we have to accept sacrificing a part of decentralization and anonymity to cooperate with governments and CEXs. The period of criticizing governments and threatening fiat has ended, now crypto needs to be regulated to become stronger.

Today, we are not saying that the government should stay out of the market, we are asking the government to have a suitable legal framework for the development of crypto, at the same time we want the government to self-control its greed and collect appropriate taxes. Imposing excessively high crypto taxes is also a way to limit the development of this market!

[yohananaomi]

It is natural that the government will provide protection for its citizens and, of course, for the interests of the country itself, with regulations made so that there is a sense of security for all parties, although it may not be able to satisfy everyone. The government is obliged to make these regulations.
I think there are many options that can be made by the government, but it seems that the thing and easy to do is to empower local exchanges, so that every transaction in fiat is required to be transacted on local exchanges. The benefits obtained are from the tax sector and at lIt is reasonable for the current government to do this because it is indeed in an effort to maintain good stability and stabilize the economy without sacrificing the existence of crypto itself. agreeing, with the central authority can provide flexibility for local exchanges to be able to play an active role, so that from there, stability can occur and, of course, to be able to benefit from the taxes imposed without reducing the applicable regulations so that citizens can still be guaranteedeast a little can control illegal transactions.

Measures taken by the government for now depict a good effort of safeguarding the community in the crypto environment all without compromising the stability of the economy. Through central authorization of local exchanges as one of the tool, transaction supervision becomes more institutionalised and a tax base which can be useful for national development can be achieved. Such policies offer fairness in the treatment of citizens and the handling of the digital assets so that all stakeholders can enjoy tangible benefits in a fast growing community.

It is reasonable for the current government to do this because it is indeed in an effort to maintain good stability and stabilize the economy without sacrificing the existence of crypto itself. agreeing, with the central authority can provide flexibility for local exchanges to be able to play an active role, so that from there, stability can occur and, of course, to be able to benefit from the taxes imposed without reducing the applicable regulations so that citizens can still be guaranteed