Can governments crack down on crypto?

[Rubel007]

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 of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative. That is only prohibited. But I don't think any such move could hinder the use of crypto. But if the government approves it and makes arrangements like imposing trucks from here then they can benefit. This is a matter of timing though. But when some countries around us work with support for this crypto, I think that will be imitated in my country.

[dekafee79]

The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative. That is only prohibited. But I don't think any such move could hinder the use of crypto. But if the government approves it and makes arrangements like imposing trucks from here then they can benefit. This is a matter of timing though. But when some countries around us work with support for this crypto, I think that will be imitated in my country.

which country are you in? mate. governments in other countries have started to accept crypto as an investment. even el savador and switzerland have allowed bitcoin as a means of payment.
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.

[Zed0X]

The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative.~

~
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.

If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.

[lombok]

The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative. That is only prohibited. But I don't think any such move could hinder the use of crypto. But if the government approves it and makes arrangements like imposing trucks from here then they can benefit. This is a matter of timing though. But when some countries around us work with support for this crypto, I think that will be imitated in my country.

which country are you in? mate. governments in other countries have started to accept crypto as an investment. even el savador and switzerland have allowed bitcoin as a means of payment.
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.

As much as not all governments have fully opened up, we are confident that with time the doors will be open for more to embrace the use of crypto. This places the technology with new and better solutions and in as regulations get put forward, more countries will consider it a business opportunity in the long run. Because fundamentally investment is a reflection of one’s own state. In average, the government does not allow making the transactions using Bitcoin not as the place of investment, the investment risk is taken on your own.

[KryptoBull]

If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.

In my country, forex trading is neither licensed nor clearly regulated because the government doesn't want citizens to access this new form of investment. The government prefers that money flows into bonds and the stock market to stimulate economic growth, rather than just trading to profit from currency appreciation.

The same is happening with crypto: the government isn't ready to regulate it but also has no intention of banning or suppressing it. The downside is that victims of crypto-related scams won't be protected, but traders can enjoy 100% of their profits without having to pay high taxes.

[rizqillah]

If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.

In my country, forex trading is neither licensed nor clearly regulated because the government doesn't want citizens to access this new form of investment. The government prefers that money flows into bonds and the stock market to stimulate economic growth, rather than just trading to profit from currency appreciation.

The same is happening with crypto: the government isn't ready to regulate it but also has no intention of banning or suppressing it. The downside is that victims of crypto-related scams won't be protected, but traders can enjoy 100% of their profits without having to pay high taxes.

The government in each country has its own policy in granting permits to its citizens. You are right that the government prefers its citizens to invest in stocks and bonds rather than forex and crypto. because they may think that crypto is something that can be misused. but they forget that crypto is a technological advancement that they cannot refuse because of the many advantages that crypto offers.

[Primo1760]

• 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?

Of course cryptocurrencies can grow without government support. We can see from the beginning of Bitcoin until now Bitcoin has reached an all-time high of $93,000. Many may say that this is because of Donald Trump's victory in the election, but in fact, it is Bitcoin's own power. But we saw before Donald Trump's election win bitcoin but on its own power at its own pace it hit an all time high of $73k there but without any government support then I can say bitcoin can grow without government support.

I think governments can't suppress bitcoin because bitcoin is not centralized bitcoin is fully decentralized governments can't destroy bitcoin even if they want to but yes governments can only suppress centralized tokens also they can't suppress bitcoin because Bitcoin is their control outside.

In fact when a person becomes the head of the government of a country he should not just sit with one site, he should think of the whole country, he should think of the people of the whole country and he should think of every sector. If I am the head of the government here, I will have a responsibility to run the country.From that responsibility, I will never think about a site. I must think about different sites for the sake of the people. I will think that since my country is an underdeveloped country most of the people in this country are not very educated if I legalize bitcoin from this country most of the people will want to invest without understanding so they will suffer a lot from the volatility of the bitcoin market so I will first introduce bitcoin to the people of my country Will educate about when I see they know about bitcoin can keep their investment safe but I will then consider legalizing bitcoin in this country.

[Gposas]

The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative. That is only prohibited. But I don't think any such move could hinder the use of crypto. But if the government approves it and makes arrangements like imposing trucks from here then they can benefit. This is a matter of timing though. But when some countries around us work with support for this crypto, I think that will be imitated in my country.

which country are you in? mate. governments in other countries have started to accept crypto as an investment. even el savador and switzerland have allowed bitcoin as a means of payment.
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.

As much as not all governments have fully opened up, we are confident that with time the doors will be open for more to embrace the use of crypto. This places the technology with new and better solutions and in as regulations get put forward, more countries will consider it a business opportunity in the long run. Because fundamentally investment is a reflection of one’s own state. In average, the government does not allow making the transactions using Bitcoin not as the place of investment, the investment risk is taken on your own.

I guess with current crypto market trend we clearly see news broadcasters relating it to the victory of Donald Trump in the Presidential election in the US.
Seeing he is a supporter of the Crypto industry, he had to mandate some promises in developing the Crypto sector in his country having comprehending the benefits attached.

It is clear that BTC is a DEFI and is surely to survive without any government support since it has no singular person of group of persons standing as a reason for it's living but rather it is ruled by everyone that owns it. But a support from the government will boost it's development.

The US President-elect Donald Trump having been able to understand the fact that cryptocurrency is not to be kicked against, rather been supported is a stepping stone for other government of the world to emulate.
And I believe with time, the government of different countries in the world that are kicking against crypto will come to the understanding of its worth in the economy of any government and will now start supporting it, maybe with time.

[KryptoBull]

I guess with current crypto market trend we clearly see news broadcasters relating it to the victory of Donald Trump in the Presidential election in the US.
Seeing he is a supporter of the Crypto industry, he had to mandate some promises in developing the Crypto sector in his country having comprehending the benefits attached.

It is clear that BTC is a DEFI and is surely to survive without any government support since it has no singular person of group of persons standing as a reason for it's living but rather it is ruled by everyone that owns it. But a support from the government will boost it's development.

The US President-elect Donald Trump having been able to understand the fact that cryptocurrency is not to be kicked against, rather been supported is a stepping stone for other government of the world to emulate.
And I believe with time, the government of different countries in the world that are kicking against crypto will come to the understanding of its worth in the economy of any government and will now start supporting it, maybe with time.

Donald Trump could really change the behavior of many governments around the world. He is pro-crypto and plans to adopt crypto widely in the US, which could cause other countries to FOMO that they can also run to accumulate BTC for their national budgets or else be left behind and BTC is extremely successful.

I hope that this will come true and we will see a huge wave globally in adopting and actively accumulating BTC. I cannot predict the impact: it could push BTC price to 1M USD or it will become a scam for many investors to FOMO and create a violent correction in 2026-2027.

[yohananaomi]

The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative.~

~
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.

If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.

Wow .... amazing, forex, which is clearly fiat trading, is not recognized and considered illegal, even though this is a product that has been around for a long time and is very much needed. What about the latest problem, namely crypto. I totally agree with you, it is certain that it will not be accepted either, because the method is almost the same. It will indeed be difficult to be able to make changes because this is a decision from the government.

[JISAN]

The government of my country has given it to the general public as illegal but the government has also realized that the number of people involved in it is constantly increasing. Moreover, as far as I know, not only crypto but also Forex trading is opposed in the country but there is no direct or indirect initiative.~

~
Maybe the government in your country still has concerns that crypto will be misused, but they should understand that crypto is a technological advancement that we should accept.

If forex trading, which is older than crypto, is also declared as illegal then it's not just an issue of being misused. It's simple as since fiat trades aren't allowed, then it would only be fair to ban crypto too because it's also considered as a currency.

Wow .... amazing, forex, which is clearly fiat trading, is not recognized and considered illegal, even though this is a product that has been around for a long time and is very much needed. What about the latest problem, namely crypto. I totally agree with you, it is certain that it will not be accepted either, because the method is almost the same. It will indeed be difficult to be able to make changes because this is a decision from the government.

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

[KryptoBull]

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

Trump's victory can be seen as the event that opens a new era for crypto in the US when big governments will actively support the development of crypto and make it impossible for many other governments to continue to sit idly by like in recent years. The FOMO on a global scale when governments actively accumulate BTC together will make BTC reach a higher price than many KOLs predicted. Currently BTC is around 100K USD, we are seeing something very big about to happen in this market, when governments start supporting crypto instead of suppressing and banning.

[Gurujebs]

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.

Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.

[yohananaomi]

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.

Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.

Each country has the authority over what will be done in their country and the rules that are made clearly have been well-thought-out with the aim of the country and society not being harmed later. You are right, China has banned crypto mining and any transactions in crypto and anyone who violates it will definitely be punished according to the rules made.
In my opinion, there will not be many countries that ban bitcoin because there are more benefits to the country and its people than the harm it causes.

[densus88]

Forex is legal in must of the country and crypto also legal in many countries. this topic about government can crack down crypto. i can tell government has the power to volatile crypto but they can't crack down. when every countries government declare crypto is totally illegal and thy will take action on them who use crypto. then it effect crypto because it is definitely a bad news. we seen us election here Donald trump was play a big role on crypto

Everyone has different opinions on the market but one thing I know is that if something becomes a threat worldwide, it will be deemed as illegal and government in every country can do as they dim fit. Today, owing Bitcoin in China is illegal and mining Bitcoin has been ban for a while, so if you are caught doing it, you will be prosecuted.

Now imagine if every countries are doing this to crack down Bitcoin, it's going to be a big problems for Bitcoin but there is nothing as bad for Bitcoin for all the countries to see it as illegal or ban it. The good side of Bitcoin is more than the bad side.

Each country has the authority over what will be done in their country and the rules that are made clearly have been well-thought-out with the aim of the country and society not being harmed later. You are right, China has banned crypto mining and any transactions in crypto and anyone who violates it will definitely be punished according to the rules made.
In my opinion, there will not be many countries that ban bitcoin because there are more benefits to the country and its people than the harm it causes.

China has its own policies and considerations why it prohibits bitcoin mining in its country. And that is something we always discuss in the forum. But I see that currently many countries allow this. Because after all bitcoin is a technological advancement that should be supported by the government. Trump's election as US president will have a good impact on bitcoin in the next 5 years if Trump keeps his campaign promises.