Crypto markets can exist without government permission

[enwi]

I think every country will eventually accept bitcoin and tax crypto transactions on their local exchanges.
The government will have rules for bitcoin investors. And now the government in every country has started to accept and allow bitcoin, although some have not accepted bitcoin as a payment method.

This is evidence that with the development of digital asset adoptions such as Bitcoin, people globally are adopting a more opened financial system. It also promotes new thinking and creates chance for us to adopt technologies into our lives. Legislations to be provided by governments of various countries will be a gateway for these assets to be accepted by everybody while safeguarding the users from these risks. While some countries do not fully support it, future progress will be smooth due to the ongoing small strides. If further aid is provided we can turn this into an opportunity to have a more transparent and effective global financial system.

[MrSpasybo]

This is evidence that with the development of digital asset adoptions such as Bitcoin, people globally are adopting a more opened financial system. It also promotes new thinking and creates chance for us to adopt technologies into our lives. Legislations to be provided by governments of various countries will be a gateway for these assets to be accepted by everybody while safeguarding the users from these risks. While some countries do not fully support it, future progress will be smooth due to the ongoing small strides. If further aid is provided we can turn this into an opportunity to have a more transparent and effective global financial system.

The only major country that still bans crypto is China, but I believe they will soon re-accept crypto under pressure from the domestic investment community and the changing crypto policies of the US. China will not be content to be left behind in this financial wave, their extreme efforts in recent years have not created value, while crypto experiments in Hongkong are being welcomed and strongly supported by the people.

Ultimately, crypto can continue to exist without caring about the views of governments, while governments need to act quickly to avoid missing the opportunity to confirm their position in the crypto trend. We have actually come a long way in the development journey of this market, to the point where crypto is large enough to be bigger than governments.

[dekafee79]

This is evidence that with the development of digital asset adoptions such as Bitcoin, people globally are adopting a more opened financial system. It also promotes new thinking and creates chance for us to adopt technologies into our lives. Legislations to be provided by governments of various countries will be a gateway for these assets to be accepted by everybody while safeguarding the users from these risks. While some countries do not fully support it, future progress will be smooth due to the ongoing small strides. If further aid is provided we can turn this into an opportunity to have a more transparent and effective global financial system.

The only major country that still bans crypto is China, but I believe they will soon re-accept crypto under pressure from the domestic investment community and the changing crypto policies of the US. China will not be content to be left behind in this financial wave, their extreme efforts in recent years have not created value, while crypto experiments in Hongkong are being welcomed and strongly supported by the people.

Ultimately, crypto can continue to exist without caring about the views of governments, while governments need to act quickly to avoid missing the opportunity to confirm their position in the crypto trend. We have actually come a long way in the development journey of this market, to the point where crypto is large enough to be bigger than governments.

I believe after trump is inaugurated and supports bitcoin and crypto technology, China will likely consider it. And the Chinese government will accept and legalize bitcoin there.
This is just my analysis and prediction, because after all, Trump's influence will be great on the development of crypto next year.

[pieppiep]

This is evidence that with the development of digital asset adoptions such as Bitcoin, people globally are adopting a more opened financial system. It also promotes new thinking and creates chance for us to adopt technologies into our lives. Legislations to be provided by governments of various countries will be a gateway for these assets to be accepted by everybody while safeguarding the users from these risks. While some countries do not fully support it, future progress will be smooth due to the ongoing small strides. If further aid is provided we can turn this into an opportunity to have a more transparent and effective global financial system.

The only major country that still bans crypto is China, but I believe they will soon re-accept crypto under pressure from the domestic investment community and the changing crypto policies of the US. China will not be content to be left behind in this financial wave, their extreme efforts in recent years have not created value, while crypto experiments in Hongkong are being welcomed and strongly supported by the people.

Ultimately, crypto can continue to exist without caring about the views of governments, while governments need to act quickly to avoid missing the opportunity to confirm their position in the crypto trend. We have actually come a long way in the development journey of this market, to the point where crypto is large enough to be bigger than governments.

I believe after trump is inaugurated and supports bitcoin and crypto technology, China will likely consider it. And the Chinese government will accept and legalize bitcoin there.
This is just my analysis and prediction, because after all, Trump's influence will be great on the development of crypto next year.

This is always fascinating, especially if one gets to see certain large scale policy shifts potential, especially those involving heavyweights such as The Donald, Trump. Even though it is unpredictable whether the prices of crypto will rise, we may reason that measures that propel the adoption of cripto may motivate other nations to take similar actions. Bitcoin has become legal in many countries of the world and its legalisation in China can be a breakthrough, and can help establish the position of crypto technology stronger worldwide. Of course, these are still vague developments, but the chances must be pinned on the policies that have a positive effect on innovations in technologies and the ‘new’ digital economy. I believe the best way to maintain engagement with the development of this technology is to keep promoting and spreading awareness of its usage through education and debate even as I wait for the realisation of the idea.

[DrBeer]

I am sympathetic to the idea of an alternative, independent deflationary financial model. That's all fine, except for the nuances. The nuance is that our world is a fiat controlled centralized world. And that, unfortunately, moves us away from a reality where cryptocurrencies will become full participants in the fiat market.
As a simple example: tell me - can you now pay with cryptocurrency, for example, at least 75% of all necessary payments in your life? Utilities, school, gas up your car, buy basic foodstuffs?
The key problem is that most suppliers of goods and services CANNOT supply them for cryptocurrency.

[MrSpasybo]

I believe after trump is inaugurated and supports bitcoin and crypto technology, China will likely consider it. And the Chinese government will accept and legalize bitcoin there.
This is just my analysis and prediction, because after all, Trump's influence will be great on the development of crypto next year.

Yeah, this is the expectation of many investors because if we receive a huge inflows of capital from Chinese investors, the crypto market will develop faster and stronger. We have seen the positivity from Korean investors, and Chinese investors are equally wealthy and risk-tolerant, their participation will create an extremely vibrant crypto space like the ICO wave in 2017.

Legal maturity is a necessary thing that crypto needs to achieve to continue developing because it has grown large enough to be managed in a formal and serious manner. I am waiting for Trump actions: accepting BTC for the federal reserve budget, while enacting a clear legal framework to end the wild west era in crypto history ^^