Can governments crack down on crypto?

[Kemarit]

Yes, governments can and have cracked down on cryptocurrency in various ways. While they may not be able to completely eliminate decentralized cryptocurrencies like Bitcoin, they can impose regulations, restrict access, and make it difficult for businesses and individuals to use crypto legally.

Yes, but we have seen countries that has total crackdown on Bitcoin still has a lot of investors or holders. So for me, regardless of what kind of crackdown the government will do, they can't simply stop Bitcoin from moving forward in their country.

Bitcoin investors are smart I believed, and because it's one of the best asset right now, there are still going to be individuals who are willing to take risk and that big leap on Bitcoin.

[KryptoBull]

Yes, but we have seen countries that has total crackdown on Bitcoin still has a lot of investors or holders. So for me, regardless of what kind of crackdown the government will do, they can't simply stop Bitcoin from moving forward in their country.

Bitcoin investors are smart I believed, and because it's one of the best asset right now, there are still going to be individuals who are willing to take risk and that big leap on Bitcoin.

Crypto investors who are intelligent and knowledgeable use P2P & OTC in their investment process. Even in countries that have not yet accepted crypto, P2P and OTC transactions are chosen to avoid unnecessary risks.

Gradually, we are seeing the acceptance of crypto becoming more widespread globally. Governments that do not accept crypto will soon be left behind or replaced by more modern governments. I don't think anyone is willing to go against crypto and give up their political career

[Blaze]

Yes, but we have seen countries that has total crackdown on Bitcoin still has a lot of investors or holders. So for me, regardless of what kind of crackdown the government will do, they can't simply stop Bitcoin from moving forward in their country.

Bitcoin investors are smart I believed, and because it's one of the best asset right now, there are still going to be individuals who are willing to take risk and that big leap on Bitcoin.

Bitcoin will never cease to amaze the world with one restriction or the other and while this might appear to be the beauty of this digital currency, there is no doubt that stringent regulation is not a new thing in the world of bitcoins and it just goes to demonstrate that this asset has a value that cannot be underestimated. As much as governments in various countries have tried to crack down on this virtual currency, experience has it that such a currency has stood its ground and even progresses. Those intelligent investors who are aware of this great potential in the long run will not be influenced by those policies as they are just but short-term. The paradox of it is that in such circumstances, they comprehend a better chance to reinstate and persevere. Thus, interest is not only cyclical in the sense of the popularity of trends but also based on the potential of Bitcoin as an independent digital currency.

[tequilla_sunset]

Crypto investors who are intelligent and knowledgeable use P2P & OTC in their investment process. Even in countries that have not yet accepted crypto, P2P and OTC transactions are chosen to avoid unnecessary risks.

Gradually, we are seeing the acceptance of crypto becoming more widespread globally. Governments that do not accept crypto will soon be left behind or replaced by more modern governments. I don't think anyone is willing to go against crypto and give up their political career

The pros will eventually outweigh the cons for such entities; here, I definitely agree.

We just need to see through the fud of some of them and the adoption will shine brighter than ever going forward.

[KryptoBull]

Bitcoin will never cease to amaze the world with one restriction or the other and while this might appear to be the beauty of this digital currency, there is no doubt that stringent regulation is not a new thing in the world of bitcoins and it just goes to demonstrate that this asset has a value that cannot be underestimated. As much as governments in various countries have tried to crack down on this virtual currency, experience has it that such a currency has stood its ground and even progresses. Those intelligent investors who are aware of this great potential in the long run will not be influenced by those policies as they are just but short-term. The paradox of it is that in such circumstances, they comprehend a better chance to reinstate and persevere. Thus, interest is not only cyclical in the sense of the popularity of trends but also based on the potential of Bitcoin as an independent digital currency.

Governments dislike crypto, but they also can't protect the value of fiat. When faced with excessive public spending needs, while also supporting the economy with quantitative easing plans, governments will agree to let fiat depreciate. As a result, BTC and many other top coins will increase in price relative to fiat. That's an inevitable consequence.

Crypto isn't becoming more expensive or stronger, it's simply that fiat is losing its purchasing power. This is a contradiction that governments can't resolve; they'll simply have to accept crypto at some point in the future, or that government will simply be replaced by the decision of young voters in future elections.

[Ujok]

In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.

[Dr.Bitcoin_Strange]

In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.

I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.

[Flydove]

if I'm the head of the Government of my country, the decision to either accept or reject crypto opportunities will be based on the attendant benefits or risks associated with it. If accepting it will open doors of new opportunities for economic growth, aid my country rise in digital finance and tech and attract investment then yes I will support the use of crypto. But on the contrary, if accepting crypto opportunities will promote illegal activities like money laundering, terrorism financing and tax evasion, then outrightly I will reject it. 

[DavetJack]

We know that Bitcoin is banned in almost every country. And there are many more countries where it is legalized. I can say that there should be rules in every country regarding this, which is also the case in many countries where Bitcoin transactions and investments are going on, and many people are using it for sales. But nowadays if we notice that Bitcoin has become popular in many countries due to its high value. And one of the biggest currencies in the crypto market is Bitcoin.

[dave_strider]

I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.

All such things are not fair.

They wouldn't look at it from such a direction, only from what they want to achieve.

[Hisbullah]

In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.

I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.

Actually, the government's fear of not legalizing bitcoin is because it is afraid that bitcoin will be misused, because the decentralization system is difficult to track. However, bitcoin is a technological advancement, the government should consider accepting it. Because no one can reject technological advancement, bitcoin will be more popular and widely used in the future.

[DavetJack]

In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.

I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.

Actually, the government's fear of not legalizing bitcoin is because it is afraid that bitcoin will be misused, because the decentralization system is difficult to track. However, bitcoin is a technological advancement, the government should consider accepting it. Because no one can reject technological advancement, bitcoin will be more popular and widely used in the future.

Yes, you are right, Rukti Sangh. Yes, the government may be afraid that if Bitcoin is legalized, it may be misused. Because it is very difficult for the government to control. But one thing is that the government should consider it because people are now very attracted to it and it is used for personal transactions and investments. And if it is legalized, it may get more popularity.

[omori]

In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.

I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.

Actually, the government's fear of not legalizing bitcoin is because it is afraid that bitcoin will be misused, because the decentralization system is difficult to track. However, bitcoin is a technological advancement, the government should consider accepting it. Because no one can reject technological advancement, bitcoin will be more popular and widely used in the future.

I agree with this take.

No control => no much interest for the bigger guys in question, because they want to have levers to influence anything they touch.

[yohananaomi]

In a country there must be certain regulations, in each country there are also bitcoins prohibited from entering and there are also those where buying and selling is allowed depending on the country. From an investment perspective, bitcoin is very good to be developed in a country because by allowing the use of bitcoins, the country also gets its benefits, nowadays bitcoin is very popular in the world with high prices and many people also use it as a transaction or investment.

I don't see any appealing reason why a country would not allow the legalization of Bitcoin, they are just keeping the citizens of the country in bondage because most of them would have become millionaire through Bitcoin investment if they were allowed to freely invest into Bitcoin. It's really not fair to ban Bitcoin in a country, at least people should be allowed to their own decision of investing or not investing. If they are trying to protect the interest of the people, then they should make known the risk of Bitcoin but should allow them to invest.

Actually, the government's fear of not legalizing bitcoin is because it is afraid that bitcoin will be misused, because the decentralization system is difficult to track. However, bitcoin is a technological advancement, the government should consider accepting it. Because no one can reject technological advancement, bitcoin will be more popular and widely used in the future.

Yes, you are right, Rukti Sangh. Yes, the government may be afraid that if Bitcoin is legalized, it may be misused. Because it is very difficult for the government to control. But one thing is that the government should consider it because people are now very attracted to it and it is used for personal transactions and investments. And if it is legalized, it may get more popularity.

There will always be risks that must be borne if you really want to legalize bitcoin, because the possibility that many people fear can be reduced by regulations that can provide government officials with regulations that can protect them and there are many things that can be done, even though it seems very difficult because of the nature of bitcoin itself.
By giving the freedom given to bitcoin, many will regulate themselves not to violate the rules that may be applied because there is freedom that is created.

[densus88]

There will always be risks that must be borne if you really want to legalize bitcoin, because the possibility that many people fear can be reduced by regulations that can provide government officials with regulations that can protect them and there are many things that can be done, even though it seems very difficult because of the nature of bitcoin itself.
By giving the freedom given to bitcoin, many will regulate themselves not to violate the rules that may be applied because there is freedom that is created.

in making the decision to legalize bitcoin, the government should have rules that regulate its citizens so that they do not make mistakes and misuse crypto for illegal activities.
because that is the government's job to make regulations for its citizens to obey.
although bitcoin and altcoin are difficult for the government to track, if there are already rules, it is likely that as good citizens they will not violate them.