Can governments crack down on crypto?

[KryptoBull]

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.

I don't think the government can interfere with the Eth or Ada blockchain as everything is managed in a decentralized manner and the network is maintained by hundreds or thousands of decentralized nodes globally. CEXs are only a part of the market, investors can completely choose to use DEXs and the government will not be able to touch their accounts.

I look forward to a detailed legal framework for crypto to avoid creating doubts and confusion among investors and projects. Clarity is needed for crypto companies to register, for teams to have guidelines to launch projects... I don't like MiCA because it lacks specificity, perhaps it is still in the process of being tested and adjusted to suit this new market.

[Hisbullah]

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.

Actually, the government wants to be able to regulate bitcoin but in reality bitcoin cannot be regulated. Bitcoin has been adopted by many people so the government is forced to accept bitcoin because they have to make regulations for their citizens.
And the government takes advantage of local exchanges by imposing taxes on bitcoin and altcoin transactions.

[yohananaomi]

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.

Actually, the government wants to be able to regulate bitcoin but in reality bitcoin cannot be regulated. Bitcoin has been adopted by many people so the government is forced to accept bitcoin because they have to make regulations for their citizens.
And the government takes advantage of local exchanges by imposing taxes on bitcoin and altcoin transactions.

The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.

[KryptoBull]

The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.

We know and the government has also realized that BTC is not controlled or managed by anyone, BTC is operated by thousands of decentralized nodes and all the government can do is accept and enact regulations to manage this new asset.

The government is approaching CEXs to be able to request them to provide transaction data of users or freeze their accounts when necessary to serve the criminal investigation process. Governments are also attacking mixers more aggressively with the goal of limiting money laundering activities. I don't like this but we also have to accept that fact so that BTC and crypto can continue to grow and move forward.

[Hisbullah]

The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.

You are right that no one can intervene in bitcoin, but when making an exchange on a local exchange, the government can work with the local exchange to find out the identity of the users. However, if we make a legal transaction, I don't think there is a problem. And I have also been making exchanges on local exchanges without any problems and it's safe.

[yohananaomi]

The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.

You are right that no one can intervene in bitcoin, but when making an exchange on a local exchange, the government can work with the local exchange to find out the identity of the users. However, if we make a legal transaction, I don't think there is a problem. And I have also been making exchanges on local exchanges without any problems and it's safe.

As long as we do the transaction correctly and there is no harm to certain parties or possible misuse, there is actually no problem making an exchange on a local exchange, Because even if our identity is known, we are still safe because we make transactions according to the rules that have been imposed, and we have followed all the rules correctly and legally.

[KryptoBull]

As long as we do the transaction correctly and there is no harm to certain parties or possible misuse, there is actually no problem making an exchange on a local exchange, Because even if our identity is known, we are still safe because we make transactions according to the rules that have been imposed, and we have followed all the rules correctly and legally.

The issue isn't as simple as that because governments have many reasons to freeze user transactions when they feel it's necessary. A classic example is the funding for truckers in Canada when they protested an unreasonable government decision. I don't think the government acted correctly in this case.

Governments are also just groups of people and they can make mistakes in many situations. Crypto can help users escape that control. Even the US president can't stop me from moving my ETH and BTC, that's the freedom we're aiming for

Of course, the law should still be respected but sometimes we also need to be prepared for situations that require absolute anonymity and absolute freedom.

[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.

Actually, the government wants to be able to regulate bitcoin but in reality bitcoin cannot be regulated. Bitcoin has been adopted by many people so the government is forced to accept bitcoin because they have to make regulations for their citizens.
And the government takes advantage of local exchanges by imposing taxes on bitcoin and altcoin transactions.

The advantage of bitcoin is that no one can intervene, but the government can regulate according to the situation of each thing that wants to be done. For example, because it cannot intervene, but there are regulations that require that when exchanging in fiat to must go through a local exchange, so that there is indirect intervention and can facilitate supervision that may be be able to help the government in getting a profit from each transaction that occurs.

Yes  Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.

Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.

[Hisbullah]

Yes  Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.

Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.

The government can only control and supervise transactions on local exchanges, so for me it is okay. As long as we do legal transactions, the government will not suspect us and some countries already allow their citizens to invest in crypto. The government only takes taxes from our transactions, so I think we are helping the country's income.

[Cryptsafe]

Yes  Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.

Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.

The government can only control and supervise transactions on local exchanges, so for me it is okay. As long as we do legal transactions, the government will not suspect us and some countries already allow their citizens to invest in crypto. The government only takes taxes from our transactions, so I think we are helping the country's income.

Of course the taxes and revenues collected from CEX as a result of Crypto transactions of their nationals are used for developmental purposes such as infrastructural development, provision of basic amenities, welfare of the citizens and lots more which is of huge benefit to the country. All these taxes are collected from local exchanges trading on any of the jurisdictions that charges for their business coexistence. So you are right saying that the taxes collected helps the government alot.

[dekafee79]

Yes  Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.

Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.

The government can only control and supervise transactions on local exchanges, so for me it is okay. As long as we do legal transactions, the government will not suspect us and some countries already allow their citizens to invest in crypto. The government only takes taxes from our transactions, so I think we are helping the country's income.

Of course the taxes and revenues collected from CEX as a result of Crypto transactions of their nationals are used for developmental purposes such as infrastructural development, provision of basic amenities, welfare of the citizens and lots more which is of huge benefit to the country. All these taxes are collected from local exchanges trading on any of the jurisdictions that charges for their business coexistence. So you are right saying that the taxes collected helps the government alot.

We should be grateful because the government has accepted and allowed its citizens to transact crypto on local exchanges, even though we are monitored and taxed. but we feel safe and taxes are used for development by the government. and this is a good thing that we can do by supporting the government to get taxes from our transactions.

[KryptoBull]

We should be grateful because the government has accepted and allowed its citizens to transact crypto on local exchanges, even though we are monitored and taxed. but we feel safe and taxes are used for development by the government. and this is a good thing that we can do by supporting the government to get taxes from our transactions.

The government is created by the people and they are paid with the people's tax money to serve the people. We don't need to be grateful to the government because they are just doing their job, even though they are a bit slow and have caused us to miss many opportunities to invest in BTC at a low price.

According to the law, when the legal framework is issued, investors will need to pay taxes on profits from crypto, in return, they will be protected in many cases of fraud in this market. This will encourage more active participation from investors and crypto will develop more strongly thanks to the new cash flow.

[Cryptsafe]

Yes  Bitcoin can not be regulated and that has be the bone of contention between the government and Crypto which has not gone down well with them and the only resolve the government could achieve is to regulate the CEX so that they could get details of Crypto holders including Bitcoin and also get their task and other benefits they want from CEX.

Making regulations for cex puts Crypto and Bitcoin transactions in the government radars to monitoring activities and also knowing who is involved in deals they term suspicious and incriminating. These are just the government concerns to wanting to control the Crypto community.

The government can only control and supervise transactions on local exchanges, so for me it is okay. As long as we do legal transactions, the government will not suspect us and some countries already allow their citizens to invest in crypto. The government only takes taxes from our transactions, so I think we are helping the country's income.

Of course the taxes and revenues collected from CEX as a result of Crypto transactions of their nationals are used for developmental purposes such as infrastructural development, provision of basic amenities, welfare of the citizens and lots more which is of huge benefit to the country. All these taxes are collected from local exchanges trading on any of the jurisdictions that charges for their business coexistence. So you are right saying that the taxes collected helps the government alot.

We should be grateful because the government has accepted and allowed its citizens to transact crypto on local exchanges, even though we are monitored and taxed. but we feel safe and taxes are used for development by the government. and this is a good thing that we can do by supporting the government to get taxes from our transactions.

It is nice that the government has accepted Crypto transactions and also allowing for establishment of Local exchanges as that would help them be able to trace and monitor transactions as it pleases them. Also, taxes would be collected from transactions and also other benefits as it is due them because it would help in the national development just like I have said in my previous post.
The  Crypto exchanges also do their own part by supporting the government through compliance and other regulatory observations they undergo just to meet up with the government request.

[rizqillah]

It is nice that the government has accepted Crypto transactions and also allowing for establishment of Local exchanges as that would help them be able to trace and monitor transactions as it pleases them. Also, taxes would be collected from transactions and also other benefits as it is due them because it would help in the national development just like I have said in my previous post.
The  Crypto exchanges also do their own part by supporting the government through compliance and other regulatory observations they undergo just to meet up with the government request.

Local exchanges are where we exchange crypto to FIAT and in local exchanges the government can control crypto transactions, so the possibility of crypto misuse in local exchanges is very small. However, the government cannot control crypto transactions in global exchanges, this is what sometimes makes the government have concerns about the misuse of crypto for illegal activities.

[alltalk]

Local exchanges are where we exchange crypto to FIAT and in local exchanges the government can control crypto transactions, so the possibility of crypto misuse in local exchanges is very small. However, the government cannot control crypto transactions in global exchanges, this is what sometimes makes the government have concerns about the misuse of crypto for illegal activities.

NO, government can't control the transaction in local exchanges. The government only applies the regulation that can bring advantage for them. Sure, the government can minimize the negative issues on local exchanges because the local exchanges must obey certain regulation.

For the global exchanges, the government has no way to intervene them. However, the government can restrict access to global exchanges.