Can governments crack down on crypto?

[summonerrk]

In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.

[rizqillah]

In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.

Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it

[dekafee79]

In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.

Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it

The government in each country has its own policies and regulations, so you are lucky if the government in your country has allowed bitcoin because there are still many governments that prohibit it. Until its citizens invest secretly because they believe in crypto will provide benefits for investment.

[summonerrk]

In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.

Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it

Yes, unfortunately, cryptocurrencies are banned in many places, and are also subject to large strange taxes, and cryptos in such countries go through many legal procedures, fully showing their activities. This is humiliating because we are in cryptocurrencies for freedom, and not to show and report all this to someone.

[LUCKMCFLY]

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.

You are absolutely right about that. I don't know what people are like in China where everything is controlled. The truth is that I don't understand this because I don't have friends from China, but I imagine that there they must find a way to avoid government control. In my country, if the government prohibits something, people don't give it any importance, and it is something that they have a total irreverence for. I think that is fine because in this world things should be about taste and we should choose what we like without anyone telling us not to, much less governments.

[Blaze]

The government in each country has its own policies and regulations, so you are lucky if the government in your country has allowed bitcoin because there are still many governments that prohibit it. Until its citizens invest secretly because they believe in crypto will provide benefits for investment.

We should be grateful to countries that allowed us the freedom to engage in crypto as it allows us to explore this new paradigm actively. That is why it is possible to conclude that ‘long only’ desire of people to go on investing demonstrates confidence in the future of crypto.

This freedom can be utilised to understand the various risks involved and how we can increase the safety of our investment. Getting acquainted with the local laws we can act more or less reasonably and contribute to proving to everyone that cryptocurrencies can be useful for the economy and society.

[yohananaomi]

In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.

Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it

Yes, unfortunately, cryptocurrencies are banned in many places, and are also subject to large strange taxes, and cryptos in such countries go through many legal procedures, fully showing their activities. This is humiliating because we are in cryptocurrencies for freedom, and not to show and report all this to someone.

It will indeed be difficult to provide freedom, because every country always has rules that are attached and must not be violated, because they will face applicable laws. Of course, many people do not like things like this-because the principle of crypto-freedom itself is no longer visible, because there are these restrictions.
Indeed, there are still many countries that enforce this, and it is difficult to deny that there will be a guarantee that freedom can be realized, and it still takes more time.

[target]

Tax, regulations and freezing funds will be common when all policies are leading to this kind of rules. We are all seeing this in the future as it already happened in the past. All these can be considered a crackdown but it's just programmed to us as if it's due to regulation and necessary.

But if this is China or North Korea doing all these regulations, it's going to be represented by the media as crackdown.

[KryptoBull]

Tax, regulations and freezing funds will be common when all policies are leading to this kind of rules. We are all seeing this in the future as it already happened in the past. All these can be considered a crackdown but it's just programmed to us as if it's due to regulation and necessary.

But if this is China or North Korea doing all these regulations, it's going to be represented by the media as crackdown.

I have a slightly different take: if governments are researching and making efforts to regulate crypto, that's not suppression. In contrast, China outright banned crypto transactions, killing liquidity and stunting market growth within its borders.

I'm not surprised by China's actions. They have a history of similar tactics to eliminate political opponents or other nations. But I hope China fails in its attempt to suppress crypto. As crypto gains global acceptance, China will eventually have to come around. For instance, Russia has embraced BTC mining and crypto for imports and exports, so China won't be able to avoid crypto if it wants to continue trading with Russia.

[yohananaomi]

Tax, regulations and freezing funds will be common when all policies are leading to this kind of rules. We are all seeing this in the future as it already happened in the past. All these can be considered a crackdown but it's just programmed to us as if it's due to regulation and necessary.

But if this is China or North Korea doing all these regulations, it's going to be represented by the media as crackdown.

I have a slightly different take: if governments are researching and making efforts to regulate crypto, that's not suppression. In contrast, China outright banned crypto transactions, killing liquidity and stunting market growth within its borders.

I'm not surprised by China's actions. They have a history of similar tactics to eliminate political opponents or other nations. But I hope China fails in its attempt to suppress crypto. As crypto gains global acceptance, China will eventually have to come around. For instance, Russia has embraced BTC mining and crypto for imports and exports, so China won't be able to avoid crypto if it wants to continue trading with Russia.

I think the definition of a way of looking at things will be different if those who see and do things are not in line with what has been going on generally, so if they deviate from that, it is considered violence, but for those who implement it, they themselves feel that it is something that is normal and must be done.

You are right, a big country like them will certainly be able to determine the policies that are implemented and want everyone to follow what they choose, so it is only natural that the US superpower can also implement them.
I think no one will be able to suppress crypto because, no matter what, everyone must be able to accept the developments that have occurred, because methods will always change with the latest situation and inevitably have to follow.

[MUGNIA]

In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.

Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it

The government in each country has its own policies and regulations, so you are lucky if the government in your country has allowed bitcoin because there are still many governments that prohibit it. Until its citizens invest secretly because they believe in crypto will provide benefits for investment.

Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,

[MRY]

Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,

Some countries have a total ban on owning and operationalizing crypto including Algeria, Bolivia, Nepal among others hence we should be very careful when using such products in areas of complete ban. Under such conditions, it becomes possible to have restrictions with regard to buyer and seller access and, at the same time, free transactions. With these restrictions, crypto users have huge problems with accessing their funds, particularly if we want to transact safely without breaching relevant legislation.

[legend45]

In the country where I live, the government can't completely ban cryptocurrencies, but it's taking very clever steps to bring all crypto lovers out of the shadows. Tax breaks have been made, but you can only withdraw through state exchanges.

Every country has different regulations, in my country the government also takes tax from local Bursa and for me it is not a problem because the government does not prohibit us in investing in Crypto.
There is still a government that prohibits its citizens from investing in Crypto, this is very unfortunate because Crypto is the advancement of technology they should allow it

The government in each country has its own policies and regulations, so you are lucky if the government in your country has allowed bitcoin because there are still many governments that prohibit it. Until its citizens invest secretly because they believe in crypto will provide benefits for investment.

Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,

If there is such a ban, I think its citizens can still have bitcoin secretly and when they want to change to FIA T, it may not be in the form of cypto but USD. Every government has its own policies, but they should understand that no one can prohibit technological progress, and crypto is part of technological progress itself.

[MUGNIA]

Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,

If there is such a ban, I think its citizens can still have bitcoin secretly and when they want to change to FIA T, it may not be in the form of cypto but USD. Every government has its own policies, but they should understand that no one can prohibit technological progress, and crypto is part of technological progress itself.

USD can be said to be a digital asset that should not be banned, so it can be used as an alibi to have crypto.
It is also true that technological progress cannot be avoided, whether we like it or not, the government must accept this technological progress

[yohananaomi]

Is there a country that prohibits 100% of its citizens from having crypto / related to crypto issues , if there is a country? so that its citizens must secretly hide their bitcoins, one inconvenience for someone if they have to do so because there will certainly be limitations in all of this, in buyers and sellers later,

If there is such a ban, I think its citizens can still have bitcoin secretly and when they want to change to FIA T, it may not be in the form of cypto but USD. Every government has its own policies, but they should understand that no one can prohibit technological progress, and crypto is part of technological progress itself.

USD can be said to be a digital asset that should not be banned, so it can be used as an alibi to have crypto.
It is also true that technological progress cannot be avoided, whether we like it or not, the government must accept this technological progress

There are many ways to do things that are prohibited so that they seem permissible because the opportunity is there and available, so that at any time everyone is able to do it and can avoid the ban, not just changing to USD.
Agree and true, technological progress should not be prohibited but must be accommodated with regulations that are adjusted to the situation of each country, so that problems do not arise that are detrimental to all parties.