Can governments crack down on crypto?

[dekafee79]

The government clearly needs to be able to contribute to the ratification of crypto in the country, but cannot interfere in any way, and it can still run if the government does not ratify it. It is increasingly popular, but does not guarantee that many countries will always provide support, and there are still many who have not accepted crypto, and it takes more hard work from the community so that many countries know how important crypto is for their citizens. The existence of crypto provides a lot of help for the benefit of society in general, so there should be support from the local government.

Currently, opposing crypto is no longer the goal of governments. I believe they've come to understand that crypto can offer more benefits than risks. Crypto deserves to exist and be regulated to generate tax revenue. I wouldn't be surprised if they've been studying crypto and accumulating thousands of BTC in their treasuries all along.

Government officials will be forced to listen to the opinions of crypto investors as they're becoming a significant part of the electorate. Younger generations will replace the older ones, and crypto will gradually penetrate the economy, although it may not fully replace fiat.

The government should make rules that regulate crypto in their country and can collect taxes from crypto transactions, this is what I have seen lately, many governments have legalized crypto and have rules about crypto in their country. Because crypto is the technology of the future and as you said the older generation will be replaced by the younger generation who prefer crypto.

[MRY]

The government clearly needs to be able to contribute to the ratification of crypto in the country, but cannot interfere in any way, and it can still run if the government does not ratify it. It is increasingly popular, but does not guarantee that many countries will always provide support, and there are still many who have not accepted crypto, and it takes more hard work from the community so that many countries know how important crypto is for their citizens. The existence of crypto provides a lot of help for the benefit of society in general, so there should be support from the local government.

Currently, opposing crypto is no longer the goal of governments. I believe they've come to understand that crypto can offer more benefits than risks. Crypto deserves to exist and be regulated to generate tax revenue. I wouldn't be surprised if they've been studying crypto and accumulating thousands of BTC in their treasuries all along.

Government officials will be forced to listen to the opinions of crypto investors as they're becoming a significant part of the electorate. Younger generations will replace the older ones, and crypto will gradually penetrate the economy, although it may not fully replace fiat.

The government should make rules that regulate crypto in their country and can collect taxes from crypto transactions, this is what I have seen lately, many governments have legalized crypto and have rules about crypto in their country. Because crypto is the technology of the future and as you said the older generation will be replaced by the younger generation who prefer crypto.

The government does need to have clear rules on what counts as cryptocurrencies in order for crypto transactions to be taxed or regulated. This is important in guarding consumers, discouraging illegality, and ensuring the highest level of tax receipt from ever-heightening transaction occurrences. With more and more people using cryptos, especially the younger generation, who consider it as part of the future of finance technology, many countries are legalize and regulating around it. This step not only provokes new economic possibilities but also let the growth of crypto technology be manageable with the right rules and regulations.

[rizqillah]

The government does need to have clear rules on what counts as cryptocurrencies in order for crypto transactions to be taxed or regulated. This is important in guarding consumers, discouraging illegality, and ensuring the highest level of tax receipt from ever-heightening transaction occurrences. With more and more people using cryptos, especially the younger generation, who consider it as part of the future of finance technology, many countries are legalize and regulating around it. This step not only provokes new economic possibilities but also let the growth of crypto technology be manageable with the right rules and regulations.

I agree with you the government should have clear rules and allow crypto as an investment and make transactions on local exchanges the government can take taxes from the transaction. Isn't this a good income for the government if its citizens use crypto a lot, and the government can get a large amount of tax.

[Parzival204]

I would like to know your views on the acts of repression of the crypto market:

• Can crypto continue to thrive without the support of governments?
• Do you think governments can suppress and restrain the crypto market with their power?
• If you were the head of government, would you accept or reject the crypto opportunity for your country?

Bitcoin can exist without governments, because it is not based on speculation, but on decentralization and in a real demand for a global currency, internet money, etc.

Other cryptocurrencies are not that resilient, so the rest of the crypto market certainly need government acceptance and depends on regulations.

That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.

[satpol_PP]

That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.

Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.

[KryptoBull]

Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.

We're still in the crypto market because we all believe in a bright future for BTC. However, we can't ignore the impact of governments on crypto, and China's bans are clear evidence of what governments can do.

In more democratic countries, governments usually have to listen to the people if they don't want to be replaced. This is our hope for global crypto adoption. I believe that as soon as the US officially recognizes BTC, other governments will follow for fear of missing out on something truly great.

[enoch_from_off]

Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.

We're still in the crypto market because we all believe in a bright future for BTC. However, we can't ignore the impact of governments on crypto, and China's bans are clear evidence of what governments can do.

In more democratic countries, governments usually have to listen to the people if they don't want to be replaced. This is our hope for global crypto adoption. I believe that as soon as the US officially recognizes BTC, other governments will follow for fear of missing out on something truly great.

Do you think that US will do something good for the adoption of BTC? I hope for it, but I do think they will use it just like other funds they've got for their own gain, being the biggest hub in the future and having bigger reserves of it. Only time will tell what will happen then.

[Asiska02]

That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.

Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.

That is very hard to decide because only percentage of the total countries in the world are even ready to welcome bitcoin, most of them don’t really care about it and will never allow it to come and be a resistance to their local fiat currencies. The decentralized nature of bitcoin has made it very hard for most of the world countries to adopt it simply because they can’t control or manipulate. This is what the government wants and if they can’t get it, they will make it very difficult for the currency to thrive. I am not saying it can’t be accepted globally in the future, but with the indications now, there is no sign of such happening anytime soon.

[satpol_PP]

That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.

Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.

That is very hard to decide because only percentage of the total countries in the world are even ready to welcome bitcoin, most of them don’t really care about it and will never allow it to come and be a resistance to their local fiat currencies. The decentralized nature of bitcoin has made it very hard for most of the world countries to adopt it simply because they can’t control or manipulate. This is what the government wants and if they can’t get it, they will make it very difficult for the currency to thrive. I am not saying it can’t be accepted globally in the future, but with the indications now, there is no sign of such happening anytime soon.

Decentralization is the reason why the government at the beginning of Bitcoin's launch strongly opposed Bitcoin at that time, because the government could not regulate it, but Bitcoin is getting more popular and more expensive every day, this is what the government considered to regulate and allow Bitcoin as an investment because the government can collect taxes from every Bitcoin and altcoin transaction.

[KryptoBull]

Decentralization is the reason why the government at the beginning of Bitcoin's launch strongly opposed Bitcoin at that time, because the government could not regulate it, but Bitcoin is getting more popular and more expensive every day, this is what the government considered to regulate and allow Bitcoin as an investment because the government can collect taxes from every Bitcoin and altcoin transaction.

I think this is a good change from governments that we've been waiting for years. Now governments are starting to realize the value and power of BTC, when they can't destroy BTC, they'll find ways to profit from it.

When major countries in the world accept crypto, many allied and dependent countries won't be able to refuse crypto. Countries that can isolate themselves from the crypto wave won't be safe, they'll only be left behind and less attractive to the economy.

[yohananaomi]

That's right, BTC has taken heart among the public so that even without government intervention, this coin will be difficult to stop. Because people have seen evidence of people who have successfully invested in it. This is different from other altcoins, where sometimes you have to have permission from the government to do so. makes it popular and makes investors not hesitate to invest in it.

Bitcoin has proven its existence for 10 years, where at the beginning of bitcoin's launch many governments in almost all countries opposed it but bitcoin still exists and currently many governments have begun to allow bitcoin as an investment and there are even countries that allow bitcoin as a payment method. So even though bitcoin was previously opposed, in the end bitcoin can be accepted.

That is very hard to decide because only percentage of the total countries in the world are even ready to welcome bitcoin, most of them don’t really care about it and will never allow it to come and be a resistance to their local fiat currencies. The decentralized nature of bitcoin has made it very hard for most of the world countries to adopt it simply because they can’t control or manipulate. This is what the government wants and if they can’t get it, they will make it very difficult for the currency to thrive. I am not saying it can’t be accepted globally in the future, but with the indications now, there is no sign of such happening anytime soon.

Decentralization is the reason why the government at the beginning of Bitcoin's launch strongly opposed Bitcoin at that time, because the government could not regulate it, but Bitcoin is getting more popular and more expensive every day, this is what the government considered to regulate and allow Bitcoin as an investment because the government can collect taxes from every Bitcoin and altcoin transaction.

as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.

[KryptoBull]

as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.

There are numerous ways for governments to tax crypto. Government-run CEXs are the simplest proposal but have drawbacks, such as not capturing taxes from users of other exchanges. Monopolizing CEXs isn't a sound policy if a government embraces crypto.

The US, without government-owned CEXs, successfully taxes crypto through annual income reporting. This sets a precedent for other nations. While governments can create their own CEXs, their primary goal would likely be transaction fees, not income taxes.

[royalRitta]

as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.

There are numerous ways for governments to tax crypto. Government-run CEXs are the simplest proposal but have drawbacks, such as not capturing taxes from users of other exchanges. Monopolizing CEXs isn't a sound policy if a government embraces crypto.

The US, without government-owned CEXs, successfully taxes crypto through annual income reporting. This sets a precedent for other nations. While governments can create their own CEXs, their primary goal would likely be transaction fees, not income taxes.

Or govs would just go with CBDC and create the logistics and networks for it.
It's interesting how things will evolve with time and who will be the first to - really - put crypto on the scale that it would be monumental for the space as a whole.

[rizqillah]

as a very wise government should consider the benefits that will be received with the existence of bitcoin compared to the opposite., No matter how many people already understand and use bitcoin, and of course, a solution must be found so that it can be accepted and finally be useful for the community and the government itself., Control can be done with every exchange transaction must go through a local exchange that has permission from the government so that at least it can receive tax results for every transaction that occurs.

Yes, the government can collect taxes from local stock exchange transactions, this is very good for state revenue. But some people focus more on the global stock exchange and maybe the government has difficulty collecting taxes from it.
Maybe in the future there will be regulations about it, although I think the government will have difficulty entering the global stock exchange.

[kai]

Cryptocurrency cannot be banned by the government because the system of cryptocurrency is not centralized, everyone has the right to have cryptocurrency coins. If the government banned cryptocurrency, it would have been done since the first time Bitcoin was born and the proof is that now Bitcoin is not banned, in fact Bitcoin has become a digital asset that is fought over. It also depends if a country bans cryptocurrency, then the country will definitely block all access to the cryptocurrency business, maybe some countries are banned but until now I don't know which countries have banned cryptocurrency.