Can governments crack down on crypto?

[Vx1]

The government has the power, in fact anything can be done for its people. Including in Cryptocurreny, Although not one hundred percent capable of it, the government can impose restrictions on the use, activities and access to crypto.
For example, there are several countries that block a crypto exchange in a country. And in our own country, every withdrawal of money from Crypto is taxed. And if caught doing illegal transactions, then it can be included in criminal law.

[rizqillah]

The government has the power, in fact anything can be done for its people. Including in Cryptocurreny, Although not one hundred percent capable of it, the government can impose restrictions on the use, activities and access to crypto.
For example, there are several countries that block a crypto exchange in a country. And in our own country, every withdrawal of money from Crypto is taxed. And if caught doing illegal transactions, then it can be included in criminal law.

I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.

The government should support crypto, because they can collect taxes from crypto transactions.

[KryptoBull]

I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.

The government should support crypto, because they can collect taxes from crypto transactions.

Trump just signed an executive order to establish a BTC and crypto reserve fund, which will have a positive impact on the crypto views of other governments globally. I think right now many governments are also planning to establish crypto funds so as not to miss this financial wave.

If BTC is very successful, they will be successful, if BTC is not successful, they will not lose too many assets and the world order will not change. If they reject crypto and then crypto is extremely successful, they will lose a lot, including opportunities and positions in the global economy.

[yohananaomi]

The government has the power, in fact anything can be done for its people. Including in Cryptocurreny, Although not one hundred percent capable of it, the government can impose restrictions on the use, activities and access to crypto.
For example, there are several countries that block a crypto exchange in a country. And in our own country, every withdrawal of money from Crypto is taxed. And if caught doing illegal transactions, then it can be included in criminal law.

I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.

The government should support crypto, because they can collect taxes from crypto transactions.

Indeed, that is the advantage of crypto. Even though there are prohibitions made with the aim of policies that are carried out for the purpose of protecting but ultimately limiting, they will still not be able to do it fully. There is always a way that can be violated, even with unfavorable risks.
Therefore, in reality, the government does not prohibit but can limit with the aim of always opening up opportunities to be able to be done, but there are things that must not be violated, with the reciprocity of being able to get tax from each transaction.

[KryptoBull]

Indeed, that is the advantage of crypto. Even though there are prohibitions made with the aim of policies that are carried out for the purpose of protecting but ultimately limiting, they will still not be able to do it fully. There is always a way that can be violated, even with unfavorable risks.
Therefore, in reality, the government does not prohibit but can limit with the aim of always opening up opportunities to be able to be done, but there are things that must not be violated, with the reciprocity of being able to get tax from each transaction.

Crypto has proven its advantages and resilience over the years, it came to this world and will stay until a new asset is capable of replacing it on the internet space. Governments have tried to ban or suppress it but they still failed in the fight against civilization.

High taxes could be the motivation for governments to seriously research how to accept crypto. In addition, political motivation is also noteworthy, every parliamentarian wants to receive votes and donations from the crypto community

[milewilda]

The government has the power, in fact anything can be done for its people. Including in Cryptocurreny, Although not one hundred percent capable of it, the government can impose restrictions on the use, activities and access to crypto.
For example, there are several countries that block a crypto exchange in a country. And in our own country, every withdrawal of money from Crypto is taxed. And if caught doing illegal transactions, then it can be included in criminal law.

I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.

The government should support crypto, because they can collect taxes from crypto transactions.

This is why they are trying out to squeeze out those exchangers because they are the ones that they can potentially be able to control out those people who are engaged into crypto but if we do speak about on overall then its not something that you can be able to take control because we do know that decentralization is the main reason on why people do really love crypto. Lets say that we are really that relying into exchangers now on which are centralized but it doesnt mean that government does have that control literally. This is why some government doesnt really like crypto because they do really know that they cant be able to hold up on everything on which is why there are still some that wanting to ban it or having that negative approach towards it.

[Gurujebs]

I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.

The government should support crypto, because they can collect taxes from crypto transactions.

As long as the internet still exist, the crypto will be able to be access any where in the world unless there is a general crack down of internet all over the world and I'm not sure if the world will be that cruel to close the internet because one government from one country believe that crypto is a threat to the existence of humanity, that wouldn't happen.

Crypto might be political like by some people but that's already an advantage for it not be van for life, this is not 2018 where we think crypto will be facing all sort of allegations and things that will stop their growth. It will always grow bigger.

[Cryptsafe]

I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.

The government should support crypto, because they can collect taxes from crypto transactions.

Trump just signed an executive order to establish a BTC and crypto reserve fund, which will have a positive impact on the crypto views of other governments globally. I think right now many governments are also planning to establish crypto funds so as not to miss this financial wave.

If BTC is very successful, they will be successful, if BTC is not successful, they will not lose too many assets and the world order will not change. If they reject crypto and then crypto is extremely successful, they will lose a lot, including opportunities and positions in the global economy.

The US has always been a nation that other nations look to so I would not be surprised to see and hear that nations have started to implement a Bitcoin strategic reserve after the US government publicly made such an announcement of their intentions to the world and as a matter of fact, many nations have been waiting for this to happen so they could be able to draw their own plans as well to meet up with the world standard.  I believe in less than no time, results would start coming forth from nations accepting Bitcoin and also using it as a measure of value in their country. Although it might look like the market is reacting to the US government's actions under Trump, I believe when 5 nations have come up to make official statements of their Bitcoin national reserve,  and are successfully running it, then the demand for Bitcoin will drastically increase causing a spike in bitcoin price.

[enwi]

I agree with you, with its power the government can do anything to ban its citizens or block crypto in their country, although we can still do it if the government does not allow it. because crypto cannot be restricted.

The government should support crypto, because they can collect taxes from crypto transactions.

Trump just signed an executive order to establish a BTC and crypto reserve fund, which will have a positive impact on the crypto views of other governments globally. I think right now many governments are also planning to establish crypto funds so as not to miss this financial wave.

If BTC is very successful, they will be successful, if BTC is not successful, they will not lose too many assets and the world order will not change. If they reject crypto and then crypto is extremely successful, they will lose a lot, including opportunities and positions in the global economy.

The US has always been a nation that other nations look to so I would not be surprised to see and hear that nations have started to implement a Bitcoin strategic reserve after the US government publicly made such an announcement of their intentions to the world and as a matter of fact, many nations have been waiting for this to happen so they could be able to draw their own plans as well to meet up with the world standard.  I believe in less than no time, results would start coming forth from nations accepting Bitcoin and also using it as a measure of value in their country. Although it might look like the market is reacting to the US government's actions under Trump, I believe when 5 nations have come up to make official statements of their Bitcoin national reserve,  and are successfully running it, then the demand for Bitcoin will drastically increase causing a spike in bitcoin price.

Yes, the advancement of the digital assets is gradually expressing itself in international economic relations. Most countries are beginning to address this change by designing the plans to adopt it and some of them even consider placing the bitcoin into the state reserves. Some of the action plans made by several big countries can impact on other countries that are seeking to adapt to new and existing trends. This is not a question of fashions, but it means an organism’s preparedness for the continual change in the system of finance. All these trends seem to indicate that while small progress is being made, this will remain a clear signal for the growth of demand of bitcoins and their fluctuations in prices only when more countries dare come up with provable methods.

[KryptoBull]

The US has always been a nation that other nations look to so I would not be surprised to see and hear that nations have started to implement a Bitcoin strategic reserve after the US government publicly made such an announcement of their intentions to the world and as a matter of fact, many nations have been waiting for this to happen so they could be able to draw their own plans as well to meet up with the world standard.  I believe in less than no time, results would start coming forth from nations accepting Bitcoin and also using it as a measure of value in their country. Although it might look like the market is reacting to the US government's actions under Trump, I believe when 5 nations have come up to make official statements of their Bitcoin national reserve,  and are successfully running it, then the demand for Bitcoin will drastically increase causing a spike in bitcoin price.

The US has the world's largest economy and surpasses other nations, a position that gives them global power and influence. For the future of crypto, acceptance and support from the US is extremely necessary, even though crypto can exist on the internet before being accepted by any government.

Currently, every macroeconomic financial fluctuation in the US has an impact on crypto, we see the correlation of fluctuations in the US stock market with BTC price. Thus, the current US government can completely influence crypto through its economic policies.

[yohananaomi]

Indeed, that is the advantage of crypto. Even though there are prohibitions made with the aim of policies that are carried out for the purpose of protecting but ultimately limiting, they will still not be able to do it fully. There is always a way that can be violated, even with unfavorable risks.
Therefore, in reality, the government does not prohibit but can limit with the aim of always opening up opportunities to be able to be done, but there are things that must not be violated, with the reciprocity of being able to get tax from each transaction.

Crypto has proven its advantages and resilience over the years, it came to this world and will stay until a new asset is capable of replacing it on the internet space. Governments have tried to ban or suppress it but they still failed in the fight against civilization.

High taxes could be the motivation for governments to seriously research how to accept crypto. In addition, political motivation is also noteworthy, every parliamentarian wants to receive votes and donations from the crypto community

It is true that crypto has proven everything with its advantages and resilience so far, so there is no doubt that its existence can continue to exist until now. Although there may be new assets that might replace them, it will be very difficult to do and crypto will always be able to provide the ability to survive. It is not easy for the government to try to ban it because there will always be opportunities to commit violations because crypto has its own path. Besides, the government should be able to accept it with the advantage of being able to take taxes on every transaction that occurs, not to prohibit it.

[Cryptsafe]

The US has always been a nation that other nations look to so I would not be surprised to see and hear that nations have started to implement a Bitcoin strategic reserve after the US government publicly made such an announcement of their intentions to the world and as a matter of fact, many nations have been waiting for this to happen so they could be able to draw their own plans as well to meet up with the world standard.  I believe in less than no time, results would start coming forth from nations accepting Bitcoin and also using it as a measure of value in their country. Although it might look like the market is reacting to the US government's actions under Trump, I believe when 5 nations have come up to make official statements of their Bitcoin national reserve,  and are successfully running it, then the demand for Bitcoin will drastically increase causing a spike in bitcoin price.

The US has the world's largest economy and surpasses other nations, a position that gives them global power and influence. For the future of crypto, acceptance and support from the US is extremely necessary, even though crypto can exist on the internet before being accepted by any government.

Currently, every macroeconomic financial fluctuation in the US has an impact on crypto, we see the correlation of fluctuations in the US stock market with BTC price. Thus, the current US government can completely influence crypto through its economic policies.

Truly the US is the world's largest economy and this makes it possible for them to kind of influence the crypto space because of their economic power but they alone I think are not the only one in this, there are other nations that I believe are also contending with them but the difference is that those nations have not made known their stand on bitcoin that is why it seems that not all nations are into bitcoin but believe me if other world powers just announce bitcoin today, forget about the US influence, bitcoin would pump because the demand for it would increase and it becoming a scarce resources would further make it more valuable than it was.

[KryptoBull]

It is true that crypto has proven everything with its advantages and resilience so far, so there is no doubt that its existence can continue to exist until now. Although there may be new assets that might replace them, it will be very difficult to do and crypto will always be able to provide the ability to survive. It is not easy for the government to try to ban it because there will always be opportunities to commit violations because crypto has its own path. Besides, the government should be able to accept it with the advantage of being able to take taxes on every transaction that occurs, not to prohibit it.

I've been waiting for the awakening of governments worldwide after BTC was accepted in the US following Trump's election, but it seems things aren't progressing as fast as I expected. Tariff wars and economic uncertainties overshadow positive news about BTC and crypto; people are fearful instead of FOMO!

I'm not sure if governments are secretly accumulating BTC, but for now they're keeping quiet as the BTC price stagnates while altcoin prices continuously drop. At least this boredom isn't making the crypto community so bored that they don't want to demand anything beneficial for market development.

[yohananaomi]

It is true that crypto has proven everything with its advantages and resilience so far, so there is no doubt that its existence can continue to exist until now. Although there may be new assets that might replace them, it will be very difficult to do and crypto will always be able to provide the ability to survive. It is not easy for the government to try to ban it because there will always be opportunities to commit violations because crypto has its own path. Besides, the government should be able to accept it with the advantage of being able to take taxes on every transaction that occurs, not to prohibit it.

I've been waiting for the awakening of governments worldwide after BTC was accepted in the US following Trump's election, but it seems things aren't progressing as fast as I expected. Tariff wars and economic uncertainties overshadow positive news about BTC and crypto; people are fearful instead of FOMO!

I'm not sure if governments are secretly accumulating BTC, but for now they're keeping quiet as the BTC price stagnates while altcoin prices continuously drop. At least this boredom isn't making the crypto community so bored that they don't want to demand anything beneficial for market development.

Many hoped that when the DT government started accepting some crypto as a reserve currency, it would certainly have an impact on other governments, but in the end there was no impact, and it went on as usual.
I think it is not easy to be able to do, as you said. The reality is that bitcoin continues to correct and altcoins have not changed to at least increase, and it does require more patience to be able to achieve what many want.

[Gurujebs]

Many hoped that when the DT government started accepting some crypto as a reserve currency, it would certainly have an impact on other governments, but in the end there was no impact, and it went on as usual.
I think it is not easy to be able to do, as you said. The reality is that bitcoin continues to correct and altcoins have not changed to at least increase, and it does require more patience to be able to achieve what many want.

Maybe it's too early to talk about the influence of governments on another government because of crypto. Tbe US that promised to make crypto reserve hasn't really done anything about the reserve, it's the Bitcoin they have seized some years back they plan to use as the reserve, so if they don't buy any Bitcoin yet, we can't really conclude on it yet.

We can't really trust the government judgements on crypto, they have the power to influence but if they really want to influence, it will be on their own interest, it will never be for the people, they will regulate it to fit their own ways and taxes are going to be compulsory, you can't even hide it.