Can governments crack down on crypto?

[Legion]

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.

My view is that when something comes in an economic system it should enable its citizens feel like they are not outsiders or excluded. It deeply sophisticated to some but in real terms, one should not avoid it. Thus, to some extent, the government can put in place measures to control it and make the masses accept it in the process. If you are new into the world of crypto, then you must be wondering if an independent state protects the rights of people in making transactions. Lack of bias and stringency in rules will make many participants of the event come forward without much apprehension. If the government appears not only as the controller to regulate such paths, but as a kind of a shepherd for the society, it will be easier for the society to establish a new healthy culture in using such instruments like Bitcoin.

[Amug123]

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.

My view is that when something comes in an economic system it should enable its citizens feel like they are not outsiders or excluded. It deeply sophisticated to some but in real terms, one should not avoid it. Thus, to some extent, the government can put in place measures to control it and make the masses accept it in the process. If you are new into the world of crypto, then you must be wondering if an independent state protects the rights of people in making transactions. Lack of bias and stringency in rules will make many participants of the event come forward without much apprehension. If the government appears not only as the controller to regulate such paths, but as a kind of a shepherd for the society, it will be easier for the society to establish a new healthy culture in using such instruments like Bitcoin.

while it's true that risk is inevitable in any financial system, Regulations can help reduce some of the concerns associated with bitcoin, regulations can help protect consumers ensuring that they are not been deceived i think the best form of regulations is finding a balance between protecting consumers and allowing innovation and freedom.

[milewilda]

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.

Actually they can do it but we do know that the problem isnt on the governance itself but rather it is into its citizens and that what makes it really that hard to oeganized if people wont be that listening out with those cautions in regarding about risky investment. The only shit thing on what government do is on the time that they do make out some warnings that crypto is dangerous and really that makes something that not appealing to deal on with or simply they are making up some generalization and that what makes that government looks that they dont really like crypto after all. Although not all countries do share up with the save view and sentiment in regarding to this but actually there are already places on which its been allowed and making it as a legal tender.

[KryptoBull]

while it's true that risk is inevitable in any financial system, Regulations can help reduce some of the concerns associated with bitcoin, regulations can help protect consumers ensuring that they are not been deceived i think the best form of regulations is finding a balance between protecting consumers and allowing innovation and freedom.

That's the perfect scenario every government wants to achieve, but usually we won't be able to get there, we'll only get close to it after a lot of long-term trials and adjustments. 15 years is long enough for governments to refine their attitude and perspective towards crypto. Currently, many governments are starting to accept crypto, or at least don't hate it, but they will need more time to appropriately incorporate it into their economies to maximize the potential that crypto can bring.

El Salvador has successfully implemented a BTC strategy, but many large economies cannot simply copy it crudely and apply it to their own countries. The US is also being very cautious, while China is being overly cautious to the point of not yet daring to lift its crypto ban. One positive thing is that we are still very early participants in this market, the opportunity is still ours!

[tequilla_sunset]

while it's true that risk is inevitable in any financial system, Regulations can help reduce some of the concerns associated with bitcoin, regulations can help protect consumers ensuring that they are not been deceived i think the best form of regulations is finding a balance between protecting consumers and allowing innovation and freedom.

To adopt is to regulate.

We won't be seeing broader adoption without regulations.

[Hisbullah]

Actually they can do it but we do know that the problem isnt on the governance itself but rather it is into its citizens and that what makes it really that hard to oeganized if people wont be that listening out with those cautions in regarding about risky investment. The only shit thing on what government do is on the time that they do make out some warnings that crypto is dangerous and really that makes something that not appealing to deal on with or simply they are making up some generalization and that what makes that government looks that they dont really like crypto after all. Although not all countries do share up with the save view and sentiment in regarding to this but actually there are already places on which its been allowed and making it as a legal tender.

At the beginning of bitcoin's launch, many governments banned it and said that bitcoin was very dangerous because the risk was very high. However, over time bitcoin became more famous and more expensive. Each government has its own opinion and considerations, in fact, bitcoin is now starting to be accepted in many countries.
so we as crypto lovers are starting to feel comfortable and safe to invest.

[DavetJack]

Actually they can do it but we do know that the problem isnt on the governance itself but rather it is into its citizens and that what makes it really that hard to oeganized if people wont be that listening out with those cautions in regarding about risky investment. The only shit thing on what government do is on the time that they do make out some warnings that crypto is dangerous and really that makes something that not appealing to deal on with or simply they are making up some generalization and that what makes that government looks that they dont really like crypto after all. Although not all countries do share up with the save view and sentiment in regarding to this but actually there are already places on which its been allowed and making it as a legal tender.

At the beginning of bitcoin's launch, many governments banned it and said that bitcoin was very dangerous because the risk was very high. However, over time bitcoin became more famous and more expensive. Each government has its own opinion and considerations, in fact, bitcoin is now starting to be accepted in many countries.
so we as crypto lovers are starting to feel comfortable and safe to invest.

Yes, when Bitcoin started, the government in all countries prevented it from starting, because they knew that if it spread across the country, it might become a big consideration, so they never supported its launch. However, although it was exchanged online and it is now used by many people as a transaction and investment. So it has now been legalized in many countries and the government of all countries should consider this issue. I think if it gets more legalization, maybe more people will demand Bitcoin.

[KryptoBull]

At the beginning of bitcoin's launch, many governments banned it and said that bitcoin was very dangerous because the risk was very high. However, over time bitcoin became more famous and more expensive. Each government has its own opinion and considerations, in fact, bitcoin is now starting to be accepted in many countries.
so we as crypto lovers are starting to feel comfortable and safe to invest.

I think BTC has moved incredibly fast to get to where it is today, but this is just the beginning of its journey to becoming a worthy strategic reserve asset like gold. Governments can hardly agree on more crucial decisions like combating climate change, so they won't be able to jointly ban BTC either.

BTC has survived, and it will continue to survive for many more decades despite government reactions. We are witnessing the power of the US in the trade war, and that could be evident as soon as the US has an official law allowing BTC accumulation. I'm looking forward to the Chinese government's confusion when they announce they will allow crypto trading domestically

[dave_strider]

Yes, when Bitcoin started, the government in all countries prevented it from starting, because they knew that if it spread across the country, it might become a big consideration, so they never supported its launch. However, although it was exchanged online and it is now used by many people as a transaction and investment. So it has now been legalized in many countries and the government of all countries should consider this issue. I think if it gets more legalization, maybe more people will demand Bitcoin.

Countries just don't give a damn before it affects their structure / ways of things, then, they start taking notice.. For the better or worse.

[KryptoBull]

Countries just don't give a damn before it affects their structure / ways of things, then, they start taking notice.. For the better or worse.

The government will only officially consider crypto for acceptance or prohibition when they realize they can no longer ignore it and pretend it doesn't exist. People are talking about crypto, and the government knows it has impacted the economy, preventing them from staying silent any longer.

If the government accepts and supports crypto, investors will benefit. Conversely, if some governments ban crypto, people will have to secretly engage in P2P transactions to protect their assets instead of trusting fiat.

[doc]

Countries just don't give a damn before it affects their structure / ways of things, then, they start taking notice.. For the better or worse.

The government will only officially consider crypto for acceptance or prohibition when they realize they can no longer ignore it and pretend it doesn't exist. People are talking about crypto, and the government knows it has impacted the economy, preventing them from staying silent any longer.

If the government accepts and supports crypto, investors will benefit. Conversely, if some governments ban crypto, people will have to secretly engage in P2P transactions to protect their assets instead of trusting fiat.

If the government supports crypto, it will certainly have a good effect on the market, and currently many governments have started to allow crypto to be used as an investment by their citizens.
The government should accept crypto because crypto is getting more popular, especially butcoin and will be more popular in the future.

[Legion]

If the government supports crypto, it will certainly have a good effect on the market, and currently many governments have started to allow crypto to be used as an investment by their citizens.
The government should accept crypto because crypto is getting more popular, especially butcoin and will be more popular in the future.

The engagement of the public in the use of the digital assets is not a thing that only happens in some of the community areas. Well, today we are witnessing its further evolution and more and more people include it in the list of major financial factors. As this trend progresses and reaches more and more people the concept of governance and the involvement of government steps in this mix. It is a fact that a phase of post innovation will always come with a phase of adaptation and where the old order is being displaced by the new there are very strong frictions between the two that cannot be dismissive. As far as policies are concerned, they are not mere reactions but an indication that the world is changing and Digital assets are no more an idea in some corner.

[Basedjack]

Actually they can do it but we do know that the problem isnt on the governance itself but rather it is into its citizens and that what makes it really that hard to oeganized if people wont be that listening out with those cautions in regarding about risky investment. The only shit thing on what government do is on the time that they do make out some warnings that crypto is dangerous and really that makes something that not appealing to deal on with or simply they are making up some generalization and that what makes that government looks that they dont really like crypto after all. Although not all countries do share up with the save view and sentiment in regarding to this but actually there are already places on which its been allowed and making it as a legal tender.

At the beginning of bitcoin's launch, many governments banned it and said that bitcoin was very dangerous because the risk was very high. However, over time bitcoin became more famous and more expensive. Each government has its own opinion and considerations, in fact, bitcoin is now starting to be accepted in many countries.
so we as crypto lovers are starting to feel comfortable and safe to invest.

Yes, having Bitcoin in a country means poverty alleviation. The government of every country should consider these aspects. If you look at the world, those countries where Bitcoin is legal have developed. If the government legalizes Bitcoin in a country, they can invest and make profits, and use Bitcoin as a salary. The world has now become famous by using Bitcoin and has developed their countries. So the use of Bitcoin to move every country forward and free the poor is immense.

[omori]

If the government supports crypto, it will certainly have a good effect on the market, and currently many governments have started to allow crypto to be used as an investment by their citizens.
The government should accept crypto because crypto is getting more popular, especially butcoin and will be more popular in the future.

It's either that, or a "war on all crypto".

For now, it's too early to think of such a thing, and many are already going out of their ways to try to regulate crypto and gain from value from it - and I do hope all the rest of the big countries will follow such examples.

[yohananaomi]

Countries just don't give a damn before it affects their structure / ways of things, then, they start taking notice.. For the better or worse.

The government will only officially consider crypto for acceptance or prohibition when they realize they can no longer ignore it and pretend it doesn't exist. People are talking about crypto, and the government knows it has impacted the economy, preventing them from staying silent any longer.

If the government accepts and supports crypto, investors will benefit. Conversely, if some governments ban crypto, people will have to secretly engage in P2P transactions to protect their assets instead of trusting fiat.

If the government supports crypto, it will certainly have a good effect on the market, and currently many governments have started to allow crypto to be used as an investment by their citizens.
The government should accept crypto because crypto is getting more popular, especially butcoin and will be more popular in the future.

Everyone certainly hopes, as you say, but of course, a country has policies that are adjusted to the situation of its country and cannot be intervened for that right.
I agree that the more countries support crypto, the more it will develop and the benefits of crypto will be very helpful for those who do use crypto to find additional work from routine work that has been done so far.