Can governments crack down on crypto?

[yohananaomi]

Just a difference in naming because they, have the same in my opinion about it. But indeed, the regulations on crypto, especially bitcoin, are very unclear because some prohibit, some don't, But still limit and some provide restrictions on their local rules.
Until now, there is no proper research on how many countries accept it widely and freely. Of course, as you said, it is elsavador, which we already know.
In fact, each country can regulate Bitcoin itself so that it does not impact fiat, which is actually very profitable with exchanges through local exchanges and can collect taxes and not interfere with fiat in general.

The crypto community is truly very strong, and if any country accepts BTC as official payment like El Salvador, we will have clear news. Currently, we don't have a second country adopting the BTC policy. Argentina is said to have this possibility after they have a new president, Javier Milei, but we haven't had any official announcement yet.

Currently, we are seeing a change in governments' views on BTC in a positive direction. They have no reason to oppose crypto because it can harm their political careers, which has been proven in the US election. They are looking for ways to accept and manage crypto. I don't know the outcome yet, but this is positive enough to help the crypto market grow and enter an uptrend.

The surprising part is that US is embrasing Bitcoin while their IMF is prohibiting other countries to adopt Bitcoin like what they are saying to El Salvador. If there are other countries out there that is adopting BTC, they better be prepared to make a difference with how they approach it.

They could cicumvent the laws by allowing citizens to just invest in BTC thru their retirement program as well.

I think with the government that DT will eventually take over, it is certain that the US will embrace bitcoin because we already know that DT has been very supportive of bitcoin for a long time. Although, as you said, the IMF is against or banning other countries from adopting bitcoin, that will probably apply to countries that are still dependent on the IMF and not to big countries like the US and will not affect the policies that will be implemented.

[KryptoBull]

The surprising part is that US is embrasing Bitcoin while their IMF is prohibiting other countries to adopt Bitcoin like what they are saying to El Salvador. If there are other countries out there that is adopting BTC, they better be prepared to make a difference with how they approach it.

They could cicumvent the laws by allowing citizens to just invest in BTC thru their retirement program as well.

IMF only dislikes El Salvador's acceptance of BTC as legal tender because this could affect fiat and indirectly weaken the IMF's global power. The IMF once said that El Salvador would fail with its BTC strategy but the facts have proven otherwise, El Salvador has gained many benefits from BTC and solved many of their problems.

The US has only planned to accept BTC as a reserve asset, not as an official means of payment alongside the US dollar. Trump loves BTC but will still protect the value of the USD as US president. Americans can now invest in BTC through spot BTC ETFs, they probably only see BTC as an asset class to diversify their portfolios, not a currency for the future, and I think this is a reasonable view of BTC.

[nakmantu99]

Just a difference in naming because they, have the same in my opinion about it. But indeed, the regulations on crypto, especially bitcoin, are very unclear because some prohibit, some don't, But still limit and some provide restrictions on their local rules.
Until now, there is no proper research on how many countries accept it widely and freely. Of course, as you said, it is elsavador, which we already know.
In fact, each country can regulate Bitcoin itself so that it does not impact fiat, which is actually very profitable with exchanges through local exchanges and can collect taxes and not interfere with fiat in general.

The crypto community is truly very strong, and if any country accepts BTC as official payment like El Salvador, we will have clear news. Currently, we don't have a second country adopting the BTC policy. Argentina is said to have this possibility after they have a new president, Javier Milei, but we haven't had any official announcement yet.

Currently, we are seeing a change in governments' views on BTC in a positive direction. They have no reason to oppose crypto because it can harm their political careers, which has been proven in the US election. They are looking for ways to accept and manage crypto. I don't know the outcome yet, but this is positive enough to help the crypto market grow and enter an uptrend.

The surprising part is that US is embrasing Bitcoin while their IMF is prohibiting other countries to adopt Bitcoin like what they are saying to El Salvador. If there are other countries out there that is adopting BTC, they better be prepared to make a difference with how they approach it.

They could cicumvent the laws by allowing citizens to just invest in BTC thru their retirement program as well.

I think with the government that DT will eventually take over, it is certain that the US will embrace bitcoin because we already know that DT has been very supportive of bitcoin for a long time. Although, as you said, the IMF is against or banning other countries from adopting bitcoin, that will probably apply to countries that are still dependent on the IMF and not to big countries like the US and will not affect the policies that will be implemented.

I think with the election of donald trump as the president of the US, we can expect a lot about the future of bitcopin after trump's inauguration. because it is likely that trump will make policies that support bitcoin and crypto currency.
I don't care about the IMF because big countries like the US don't depend on the IMF so it is likely that bitcoin will still have a good future.

[KryptoBull]

I think with the election of donald trump as the president of the US, we can expect a lot about the future of bitcopin after trump's inauguration. because it is likely that trump will make policies that support bitcoin and crypto currency.
I don't care about the IMF because big countries like the US don't depend on the IMF so it is likely that bitcoin will still have a good future.

IMF can only threaten small nations dependent on IMF loans, but the IMF couldn't even threaten El Salvador when the country wanted to adopt BTC. Trump's actions in the coming year could create a big wave on the world and make a positive impact on the crypto market.

Currently, Russia is actively adopting crypto payments and mining BTC. I think China and many other countries will soon follow suit. We are entering a race to adopt crypto for the national economy. When no government wants to continue suppressing this market, crypto will develop strongly on its own!

[milewilda]

Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.

[Hisbullah]

Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.

yeah in the past the government has banned bitcoin and crypto but it turned out to fail because bitcoin is getting more [popular and supported by big investors. Because they are interested in the decentralization of the system. Moreover, currently the US president-elect supports crypto, and trump promises to make good policies for the development of crypto.

[enwi]

Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.

yeah in the past the government has banned bitcoin and crypto but it turned out to fail because bitcoin is getting more [popular and supported by big investors. Because they are interested in the decentralization of the system. Moreover, currently the US president-elect supports crypto, and trump promises to make good policies for the development of crypto.

Sustainable technological innovation is sometimes about adjusting untimely to changes ever present in society. It is also the reason why, when seeing the emergence of the financial system for new solutions that include blockchain technology in Bitcoins in terms of openness and transparency, for example, one wants to find out more. The support received from many governmental parties proves the truth that big shifts are possible and always need cooperation and confidence. In this case, tentative steps to Coyote the mechanisms and the benefits afforded are part of the shared process so that this technology means something for the many and does not cause harm to them. When this synergy is achieved, there is higher chance of fostering a symbiotic relationship that leads to improved society benefits from such team up.

[KryptoBull]

Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.

Currently, governments are still searching for more effective ways to regulate crypto, and they are targeting mixers because mixers can make it more difficult to track dirty money. Politicians always justify this suppression with inaccurate accusations about crypto being abused for money laundering purposes.

Mixers still have their own ways to survive because they are just protocols and can easily operate on a global scale. I find it quite interesting to follow the technological and legal race between governments and mixers.

[dekafee79]

Pretty sure that they've been doing this in the past but turned out that they had failed down and thats why now they are trying out to control via on handling out those centralized platforms and this is where they do handle out on this crypto space but if we do speak about literal control on technical aspects then they cant be able to crack it down specially into those projects which are anonymnous and not into those centralized ones. Cracking down crypto? they've been doing this stuff but seems they do failed out.

Currently, governments are still searching for more effective ways to regulate crypto, and they are targeting mixers because mixers can make it more difficult to track dirty money. Politicians always justify this suppression with inaccurate accusations about crypto being abused for money laundering purposes.

Mixers still have their own ways to survive because they are just protocols and can easily operate on a global scale. I find it quite interesting to follow the technological and legal race between governments and mixers.

Honestly, the more advanced a technology is, the government will not be able to regulate it because mixer technology is difficult to track and this is what makes the government afraid that this technology can be misused for money laundering.
but that is the danger of a technology and not only in crypto we see misuse for money laundering, money laundering also occurs in FIAT

[KryptoBull]

Honestly, the more advanced a technology is, the government will not be able to regulate it because mixer technology is difficult to track and this is what makes the government afraid that this technology can be misused for money laundering.
but that is the danger of a technology and not only in crypto we see misuse for money laundering, money laundering also occurs in FIAT

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The government often bans what they cannot control, citing the protection of citizens as a reason, but in reality, they cannot ban fiat even though fiat is the preferred money laundering tool for criminals. The technology behind mixers is not overly complex; it's just not easily attacked or stopped, and it can make police investigations more difficult or even halt them permanently.

I think the government's war on crypto has turned into a race to accept crypto and regulate mixers. The world has changed in the last 15 years, perhaps it's time for crypto to be regulated like the internet.

[armanda90]

Actually government have power to make bitcoin or cryptocurrency get down, but few moment awhile behind bitcoin and altcoin price get easily recovery back to higher price. I can comparison when China banned bitcoin as transaction in their country and make bitcoin get significant decreasing, without waiting more longer time bitcoin success recovering back to higher price and reach most expensive price before banned by China.

Although government have power crack down cryptocurrency but they can't controlling bitcoin or altcoin price keep going down forever, have dominance by investor hold bitcoin and altcoin assets make difficult for government to crack down.

[nakmantu99]

Actually government have power to make bitcoin or cryptocurrency get down, but few moment awhile behind bitcoin and altcoin price get easily recovery back to higher price. I can comparison when China banned bitcoin as transaction in their country and make bitcoin get significant decreasing, without waiting more longer time bitcoin success recovering back to higher price and reach most expensive price before banned by China.

Although government have power crack down cryptocurrency but they can't controlling bitcoin or altcoin price keep going down forever, have dominance by investor hold bitcoin and altcoin assets make difficult for government to crack down.

That incident has proven that the power of bitcoin cannot be controlled by the government, because the crypto market will play its role. Investors still have great power to raise the price of bitcoin even though the government attacks with negative issues. And finally the government realized that technology cannot be rejected, the government began to accept bitcoin and allow its citizens to invest in bitcoin.

[Cryptsafe]

Actually government have power to make bitcoin or cryptocurrency get down, but few moment awhile behind bitcoin and altcoin price get easily recovery back to higher price. I can comparison when China banned bitcoin as transaction in their country and make bitcoin get significant decreasing, without waiting more longer time bitcoin success recovering back to higher price and reach most expensive price before banned by China.

Although government have power crack down cryptocurrency but they can't controlling bitcoin or altcoin price keep going down forever, have dominance by investor hold bitcoin and altcoin assets make difficult for government to crack down.

That incident has proven that the power of bitcoin cannot be controlled by the government, because the crypto market will play its role. Investors still have great power to raise the price of bitcoin even though the government attacks with negative issues. And finally the government realized that technology cannot be rejected, the government began to accept bitcoin and allow its citizens to invest in bitcoin.

Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and  knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.

[KryptoBull]

Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and  knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.

Not only BTC, but many other altcoins also have a sufficient level of decentralization and mixers to escape the full control of governments. Privacy coins were created for this purpose but have not been able to develop strongly as they have been delisted from CEXs, fortunately, BTC has not developed in this direction.

With the strong development and widespread acceptance of crypto currently, we have been able to see the surrender of governments in their plans to suppress crypto. We are waiting for the plans and level of crypto adoption in each country to be able to envision the future of this market. BTC may need more time to reach the Gold marketcap, but the total crypto marketcap will soon catch up and surpass it.

[Cryptsafe]

Bitcoin can never be regulated by the government neither can they put a ban on it. Do not forget that Bitcoin can be owned anonymously by any individual and by this, it means that Bitcoin can be on existence without the government as long as the internet is still very much active and running. All the government wants is to control the system and making sure they take note of every one transaction that takes place on the chain and  knowing who they are that is just their quest and they were able to do that through the CEX but I believe that they can not do more than that.

Not only BTC, but many other altcoins also have a sufficient level of decentralization and mixers to escape the full control of governments. Privacy coins were created for this purpose but have not been able to develop strongly as they have been delisted from CEXs, fortunately, BTC has not developed in this direction.

With the strong development and widespread acceptance of crypto currently, we have been able to see the surrender of governments in their plans to suppress crypto. We are waiting for the plans and level of crypto adoption in each country to be able to envision the future of this market. BTC may need more time to reach the Gold marketcap, but the total crypto marketcap will soon catch up and surpass it.

Majority of the alts are weak to government regulations and this makes them porous and fully controlled to suit the government policies and this has been the reasons why it seems like there is no more privacy in Crypto transactions due to the involvement of agencies as instructed by the government. However, Bitcoin remains unregulated and I do not think it would be regulated by the government anytime soonest.

A gradual global adoption is what it will take to surpress government actions against Bitcoin and crypto as a whole. If the whole countries in the world finally adopts Bitcoin and crypto as a whole, I believe the regulations would be minimal because it has become a popular  thing and has been incorporated into government institutions of various nations so it would not be hard to detect anything if they want to.