Can governments crack down on crypto?

[Celph]

I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.

Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?

[target]

I think that governments will always try to Find a way to reduce people's interest in acquiring bitcoin and crypto because they know that it is a way to keep them under control, governments will only Accept crypto and bitcoin when it is regulated and that because they somehow want to get some money , also everything that is the KYC and the data in the exchanges is something that they will use to ascertain that they want to have crypto in order to later apply a very Strong tax policy for those who use crypto , all this may be the Intentions of the Scammers, but being anonymous is much better, things can always be good if we have everything under control, it is better to interact with crypto and avoiding the way in which we share our data anywhere, Of course that's my Recommendation.

Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?

It's hard to find balance when government only wants control over the economy. But this is an ongoing process which they might not supress the innovation but only regulates. However this may just be possible if all government of countries conspire to regulate and exchanges work side by side.

Which also means exchanges must be government compliant and this is basically making crypto centralised.

[LUCKMCFLY]

Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?

Yes, you are right about that, and it would be ideal, but basically things are not like that , crimes continue to occur whether with Crypto or not, in fact the Biggest Crimes always Occur when they are Done or Given for fiat money , that's all, for all this they are based on the things that Crypto money lends itself to crimes, it lends itself for whatever, the person will see what use they give them , well , governments paint things that way so that people are Manipulated and the truth or they mostly succeed.

[LogitechMouse]

---

Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?

Just to add, they can't crack down something that they themselves didn't create at first place.

You took China as an example and yes, they banned crypto in their country but still, there are many miners there and there have been many Chinese investors out there that are still investing into cryptocurrency. Based on a quick google search, you will see that there are almost 38 million Chinese people that are engaged or holding cryptocurrencies. They can impose bans, but they can't prevent their people to use cryptocurrency.

There might be governments that are against cryptocurrencies, but their people will always, always find a way to have an access into it without giving their private information or at least without the government knowing it.

[legend45]

Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?

Yes, you are right about that, and it would be ideal, but basically things are not like that , crimes continue to occur whether with Crypto or not, in fact the Biggest Crimes always Occur when they are Done or Given for fiat money , that's all, for all this they are based on the things that Crypto money lends itself to crimes, it lends itself for whatever, the person will see what use they give them , well , governments paint things that way so that people are Manipulated and the truth or they mostly succeed.

crime can happen anywhere, not only in crypto, it all depends on the intention of each. because we also see a lot of crime in other places.
I invest in crypto to make a profit by trading and holding.
And crypto is the advancement of decentralized system technology, this can be used by bad people to do illegal activities and money laundering.

[pieppiep]

Governments can try to crack down, but crypto's decentralized nature makes it super hard to shut down completely basically.
Take China, for instance, They've banned crypto trading and mining, but they're still investing heavily in their Digital Yuan project currently. It shows even restrictive governments actually see the value in blockchain technology, literally..
Governments can regulate exchanges, implement AML policies and the rest of them and also monitor transactions. But peer-to-peer transactions,that would be difficult to tackle basically.
It's a difficult game, but responsible regulation can help prevent financial crimes and boost transparency. The question is, will governments find the ideal balance between regulation and innovation?

Yes, you are right about that, and it would be ideal, but basically things are not like that , crimes continue to occur whether with Crypto or not, in fact the Biggest Crimes always Occur when they are Done or Given for fiat money , that's all, for all this they are based on the things that Crypto money lends itself to crimes, it lends itself for whatever, the person will see what use they give them , well , governments paint things that way so that people are Manipulated and the truth or they mostly succeed.

crime can happen anywhere, not only in crypto, it all depends on the intention of each. because we also see a lot of crime in other places.
I invest in crypto to make a profit by trading and holding.
And crypto is the advancement of decentralized system technology, this can be used by bad people to do illegal activities and money laundering.

What we have to learn is that while there are so many advantages offered by the crypto technology, there is still crime and we have to look out for it. Some cryptocurrency is used in criminal activities like money laundering although the figure is insignificant compared to all the cryptocurrency transactions. So, we do not need to be blinded by enthusiastic rises into this world and provide the necessary security measures when investing in the crypto world.

[yohananaomi]

Something that is natural because bitcoin is indeed not able to be controlled, so there are doubts from several countries because they are afraid of being misused for money laundering or the like that are related to what is prohibited by the government.
But, actually the government can make regulations that can find out the movement of each bitcoin transaction where every exchange with fiat must use a local exchange, which is clear, the government will be able to detect and can take fees from the results of the exchange.

from the creator of bitcoin, bitcoin is indeed designed so that no one can control it, that is the decentralization system. Because with that system, bitcoin owners have the freedom to manage their finances and easily make transactions without being controlled by other parties.
Maybe this is what makes the government afraid that bitcoin will be misused and it seems that there is no solution to overcome this problem, maybe your suggestion is right for exchange to fiat can use a local exchange and the government can detect it, but the government can only do it on a local exchange.

It is natural that many governments are still afraid of bitcoin being misused because of their inability to control it. Then the solution that can be made is to make a rule that every exchange must always use a local exchange when it will make fiat, because there is no other solution that can be done other than the method above. Although it is certain that many have a way to avoid this, but at least there is a role to try to protect it from unwanted things happening.

[LUCKMCFLY]

Friend, you explained that too much leverage could blow up off account, unfortunately you want to attempt 10x leverage. As a matter of facts, taking 10x leverage is highly risky and not a good idea for an average growing trader. My best take on leverage is 3x, and any leverage above this renge is like taking a massive loss venture.
it is unadvisable to take 10x leverage wether you are trading on future or margin trading options especially as a beginner. To try something new, it shouldn't be on the crypto market, may be you should take a demo trading experiments on commodity or even FX market. Jus my opinion and not a financial advise.

Well, at these heights I couldn't do things like this, leveraging myself to 10x is too much of a risk for me since I trade with little money, that would be suicide, I would have to do everything very well to be able to raise the account, but it is something that I don't see as feasible, personally I would say that in order to do things well I would continue doing them as I am, but leveraging myself to 10x would mean burning the account, so I don't see it necessary, I prefer to continue as I am, in terms of leverage to be able to do it I have to have a lot of confidence that the movement will undoubtedly go down.

[bhadz]

They can stop all the exchanges and all that means is that we can trade p2p and that's how the government moves. If they cannot stop a certain crypto like monero, they will target the exchanges and scare them that they'll be out of operations and their licenses will be voided if they won't delist projects that they don't like like the privacy coins. In my country, there are private groups that are wanting international and known exchanges to stop their operations here as they don't have license to operate, so there's a way for them to stop thriving crypto economy in certain places although globally, they will have hard time in stopping it wholly.

[Crypto Research]

This is a bit controversial - but yes, a concentrated attack by governments can definitely shut down crypto. Imagine crypto made illegal around the world with a 10 year prison time attached. Would you risk it? 99.9% of people won't and a 100% of businesses won't either. The remaining users will not be enough to keep the price up!

[satpol_PP]

It is natural that many governments are still afraid of bitcoin being misused because of their inability to control it. Then the solution that can be made is to make a rule that every exchange must always use a local exchange when it will make fiat, because there is no other solution that can be done other than the method above. Although it is certain that many have a way to avoid this, but at least there is a role to try to protect it from unwanted things happening.

Good advice if crypto investors should use local exchanges when exchanging to FIAT because the government can only control local exchanges to get information from their KYC. It seems that the government has started to implement this in collaboration with local exchanges. But for those who only use global exchanges in their transactions, it seems that the government has difficulty tracking them.

[KryptoBull]

They can stop all the exchanges and all that means is that we can trade p2p and that's how the government moves. If they cannot stop a certain crypto like monero, they will target the exchanges and scare them that they'll be out of operations and their licenses will be voided if they won't delist projects that they don't like like the privacy coins. In my country, there are private groups that are wanting international and known exchanges to stop their operations here as they don't have license to operate, so there's a way for them to stop thriving crypto economy in certain places although globally, they will have hard time in stopping it wholly.

In Nigeria, the government could accuse CEXs of causing the local currency to devalue, ban foreign CEXs from operating, arrest CEX CEOs, and demand user transaction data... Governments have a ton of power and tools to execute their plans if they're anti-crypto.

Things might only calm down if the government can directly profit from the crypto market, like through taxes and transaction fees. Perhaps they could even start their own CEXs to control the domestic crypto market.

[target]

It is natural that many governments are still afraid of bitcoin being misused because of their inability to control it. Then the solution that can be made is to make a rule that every exchange must always use a local exchange when it will make fiat, because there is no other solution that can be done other than the method above. Although it is certain that many have a way to avoid this, but at least there is a role to try to protect it from unwanted things happening.

Good advice if crypto investors should use local exchanges when exchanging to FIAT because the government can only control local exchanges to get information from their KYC. It seems that the government has started to implement this in collaboration with local exchanges. But for those who only use global exchanges in their transactions, it seems that the government has difficulty tracking them.

Which I think users should just consider global exchanges rather than sending their KYC data to their government. There is still a chance that government can ban Crypto and then confiscate the coins owned by their people.

And it's going to easy to find these crypto users if they have data from local exchanges. But it might as well be the same result with international exchanges especially because most of them are complient to the government of the country they continue to operate.

[smartaction]

Something that is natural because bitcoin is indeed not able to be controlled, so there are doubts from several countries because they are afraid of being misused for money laundering or the like that are related to what is prohibited by the government.
But, actually the government can make regulations that can find out the movement of each bitcoin transaction where every exchange with fiat must use a local exchange, which is clear, the government will be able to detect and can take fees from the results of the exchange.

from the creator of bitcoin, bitcoin is indeed designed so that no one can control it, that is the decentralization system. Because with that system, bitcoin owners have the freedom to manage their finances and easily make transactions without being controlled by other parties.
Maybe this is what makes the government afraid that bitcoin will be misused and it seems that there is no solution to overcome this problem, maybe your suggestion is right for exchange to fiat can use a local exchange and the government can detect it, but the government can only do it on a local exchange.

It is natural that many governments are still afraid of bitcoin being misused because of their inability to control it. Then the solution that can be made is to make a rule that every exchange must always use a local exchange when it will make fiat, because there is no other solution that can be done other than the method above. Although it is certain that many have a way to avoid this, but at least there is a role to try to protect it from unwanted things happening.

Bitcoin is still banned in many countries. Bitcoin market has started to grow day by day and become very popular. I think almost all the people of the country have heard the name of Bitcoin but slowly over time they will also start using Bitcoin. Even though Bitcoin is banned, many  The people of the country do transactions through Bitcoin secretly. If I talk about my country, Cryptocurrency is still banned in my country.

[legend45]

Bitcoin is still banned in many countries. Bitcoin market has started to grow day by day and become very popular. I think almost all the people of the country have heard the name of Bitcoin but slowly over time they will also start using Bitcoin. Even though Bitcoin is banned, many  The people of the country do transactions through Bitcoin secretly. If I talk about my country, Cryptocurrency is still banned in my country.

I am grateful that the government has allowed bitcoin as an investment in my country, although it is not yet allowed as a payment method, perhaps because the advantages and disadvantages are still being studied. but I have faith that the government will allow bitcoin as a payment method in the future, because over time bitcoin is increasingly popular and owned by many people.