Can governments crack down on crypto?

[luckyledger]

In my opinion, because countries do not have proper regulations, many are hesitant to do it, but for countries that have implemented it well, there are no problems with the law. A good country is willing to accept technological updates that are inevitable to be used both globally and individually, Because technology continues to advance so that government officials must also adapt. Actually, the government benefits greatly from the tax revenue imposed on each transaction that occurs, but it does require transactions with local exchanges and not others, so that at the same time they can monitor if there is any misuse.

I see that currently many countries are starting to accept bitcoin as an investment for their citizens, this is very good. because the government should support technological progress, not reject it. The government should start making regulations so that citizens who invest in crypto feel safe and protected. The government can take taxes from crypto transactions and this is a good income for the country.

Yeah, making it all a bit more centralized for mass-adopted usage by people This would have its pros and cons in the long run, both for the people involved and the market.

[target]

Yeah, making it all a bit more centralized for mass-adopted usage by people This would have its pros and cons in the long run, both for the people involved and the market.

When all governments unites and agrees to crack down all crypto users to which I think will realluly hapoen, they can keep an eye to every one through the transactions we do.

It wouldn't sound really bad especially if its for looking for the bad guys and prevent them from harming. Thats the pro but the cons are worse.

[luckyledger]

Yeah, making it all a bit more centralized for mass-adopted usage by people This would have its pros and cons in the long run, both for the people involved and the market.

When all governments unites and agrees to crack down all crypto users to which I think will realluly hapoen, they can keep an eye to every one through the transactions we do.

It wouldn't sound really bad especially if its for looking for the bad guys and prevent them from harming. Thats the pro but the cons are worse.

Yep, it's against the core principle of crypto, basically - decentralization

[rizqillah]

Yeah, making it all a bit more centralized for mass-adopted usage by people This would have its pros and cons in the long run, both for the people involved and the market.

When all governments unites and agrees to crack down all crypto users to which I think will realluly hapoen, they can keep an eye to every one through the transactions we do.

It wouldn't sound really bad especially if its for looking for the bad guys and prevent them from harming. Thats the pro but the cons are worse.

Is it possible that the government can track crypto users? Isn't crypto semi-anonymous and has already guessed for sure. Finding criminals is a good thing, but in the crypto world those who become criminals hide their identities. So I think the government will also have a hard time finding the criminals.

[JISAN]

A country's government can only ban cryptocurrency for its country but they can never kill cryptocurrency. Crypto is decentralised, no one has control over Bitcoin in particular. And it is not possible for anyone to eliminate the existence of Bitcoin. If one wants to completely eliminate Bitcoin and cryptocurrency, there is a way to completely eliminate the Internet, which is never possible because the entire world is now Internet-based. And every sector is now dependent on the internet. So I never think that a government will ever crack down on cryptocurrency but cryptocurrency will be the only currency system of the future.

[luckyledger]

Yeah, making it all a bit more centralized for mass-adopted usage by people This would have its pros and cons in the long run, both for the people involved and the market.

When all governments unites and agrees to crack down all crypto users to which I think will realluly hapoen, they can keep an eye to every one through the transactions we do.

It wouldn't sound really bad especially if its for looking for the bad guys and prevent them from harming. Thats the pro but the cons are worse.

Is it possible that the government can track crypto users? Isn't crypto semi-anonymous and has already guessed for sure. Finding criminals is a good thing, but in the crypto world those who become criminals hide their identities. So I think the government will also have a hard time finding the criminals.

Specialized firms and government agencies use blockchain analysis tools to track transactions across it.

By following the flow of funds, they can sometimes link wallet addresses to real-world people, especially if users interact with regulated exchanges that require identity verification.

Otherwise, it's much harder for them to try something like that out, of course

[rizqillah]

A country's government can only ban cryptocurrency for its country but they can never kill cryptocurrency. Crypto is decentralised, no one has control over Bitcoin in particular. And it is not possible for anyone to eliminate the existence of Bitcoin. If one wants to completely eliminate Bitcoin and cryptocurrency, there is a way to completely eliminate the Internet, which is never possible because the entire world is now Internet-based. And every sector is now dependent on the internet. So I never think that a government will ever crack down on cryptocurrency but cryptocurrency will be the only currency system of the future.

Yes, if you want to eliminate bitcoin, you should eliminate the internet so that you can't make transactions with crypto. It is impossible for the government to do that, because the internet has become an important part of our lives so far.

[Azharul]

Yes, i believe that government can crack down on crypto. Because we also know that cryptocurrency is not allow in all country. Because when government cannot permits crypto in his country, then if we are continue to active in cryptocurrency it is very crimes in his countries law. But if we dont Care of laws in country. Then we will be considered to be criminal. Then government can punish us for his laws. So i told that it’s true and sure that when government wanted to crack down on crypto, i believe that government can do it.

[yohananaomi]

A country's government can only ban cryptocurrency for its country but they can never kill cryptocurrency. Crypto is decentralised, no one has control over Bitcoin in particular. And it is not possible for anyone to eliminate the existence of Bitcoin. If one wants to completely eliminate Bitcoin and cryptocurrency, there is a way to completely eliminate the Internet, which is never possible because the entire world is now Internet-based. And every sector is now dependent on the internet. So I never think that a government will ever crack down on cryptocurrency but cryptocurrency will be the only currency system of the future.

Yes, if you want to eliminate bitcoin, you should eliminate the internet so that you can't make transactions with crypto. It is impossible for the government to do that, because the internet has become an important part of our lives so far.

It is not easy to prohibit anywhere and anyone from using bitcoin, because the nature of bitcoin cannot be intervened by anyone, even though there is a ban, it can still be done in any way. The most important thing is that you are right as long as there is still the internet to connect to it. We also know that the internet is a need that cannot be separated from the development of current technology, so no one will be able to hold back and prohibit it.

[Parzival204]

In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing

[Gurujebs]

Yes, i believe that government can crack down on crypto. Because we also know that cryptocurrency is not allow in all country. Because when government cannot permits crypto in his country, then if we are continue to active in cryptocurrency it is very crimes in his countries law. But if we dont Care of laws in country. Then we will be considered to be criminal. Then government can punish us for his laws. So i told that it’s true and sure that when government wanted to crack down on crypto, i believe that government can do it.

Not all the government can crack down crypto and you know why? That's because some countries are very descrete on how they treat their citizens, they understand the right to freedom in all aspect and as long as a person is not involved in a fraudulent activity, he has his choice to invest in anything he or she likes as long as they know the risk involved.

Some of these countries that has ban crypto, when you check their youths half of the population likes crypto and they want to do crypto but the censorship government policy wouldn't allow them but that's just for now, the future belongs to the youth and when there time comes, crypto will be free and fair for anyone interested.

[dekafee79]

In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing

Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.

[JISAN]

In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing

Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.

Yes, the government takes a lot of tax on crypto, up to 40%, but usually 30%.  It also benefits the government, which means economic growth of the country. Due to this, several developed countries use Bitcoin as a legal currency. However, Bitcoin has gained such popularity that it has become very popular even in countries where Bitcoin has not yet been legalized. My country is proof of this. Bitcoin is not legalized in my country yet.  But here huge amount of people use Bitcoin. so I don't think any country's government can crackdown on Bitcoin if they want to.  However, if there is a negativity towards Bitcoin by the country's government, it can have some effect on the price of Bitcoin.

[yohananaomi]

In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing

Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.

The government usually only provides clear regulations, so that there is legal certainty that can provide a sense of security for everyone who wants to do crypto transactions and there is no prohibition, so that they can do anything with crypto.
Moreover, the government can have control by requiring transactions by fiat using a local exchange, so that it can simultaneously collect taxes from every transaction that has occurred and the government benefits from targeted regulations.

[legend45]

In my opinion, with the popularity of crypto now, perhaps even without government assistance, it can still develop, but with little chance. Even though some countries have legalized it, to develop more rapidly, assistance in the form of support from the government is also needed. In some countries, the government may not be able to legalize it, right? But if There is already a government in a developed country because it is involved in the world of crypto, maybe it will be a consideration for other countries to make it legal, right? famous platform and makes people interested in investing

Actually without government assistance, crypto will still exist, but with permission from the government, crypto investors will feel safe and this makes its citizens not afraid to invest in crypto. The government will benefit from crypto transactions, they can collect taxes from investors. Isn't this good for the government.

The government usually only provides clear regulations, so that there is legal certainty that can provide a sense of security for everyone who wants to do crypto transactions and there is no prohibition, so that they can do anything with crypto.
Moreover, the government can have control by requiring transactions by fiat using a local exchange, so that it can simultaneously collect taxes from every transaction that has occurred and the government benefits from targeted regulations.

I agree with your opinion, the government can take tax from transactions on local exchanges. This is very good for government revenue, of course the government must legalize crypto for investment and transactions on local exchanges.