Bitcoin Forum

Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.

Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.

In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.

What are you trying to say? The government will be against cryptocurrency until it can control it. Or start a war against cryptocurrency at the legislative level.

I think the governments' concern about altcoins is regarding scams, frauds, and money laundering. These are the primary concerns. The point you had stated is only secondary to these. Banking systems and cryptocurrency systems may exist side by side with exlcusive functions and overlapping functions.

The government has the authority to regulate banking or crypto transactions, it could be that the government regulates transactions that are decentralized and until now there has been no government regulating all of them in cryptocurrency.

I think the OP makes a valid point. Whilst it is true that government attemps to regulate or ban crypto is partly due to a need to protect the public's exposure to scams, and to prevent money-laundering etc., it is also absolutely the case that the establishment sees crypto as a threat, which is why so many prominent figures spend so much time trying to discredit it. Crypto will become the standard, and they are all scared that they will lose their position of dominance and control.

The government may well regulate all processes related to currency.  And it will not allow the collapse of the economy through the unregulated channel of cryptocurrency.

Yes government has the ultimate authority to control whatever it wants. But in democracy, the government is elected by the people, and what the majority of the people wants, the government does the same. So ultimately, it is the authority of the people to control everything they want. So cryptocurrency is the choice of the people, and ultimately, the government accepts it.

Until now, the government still not accepting cryptocurrency and it's happening in many big countries. But soon, they will realize that cryptocurrency can give a solution for them and they will think about to integrate their system with the blockchain. The government will easy to regulated cryptocurrency because they have the power to do that, and people could only obey the rule if they don't want to be called a criminal. Perhaps, the government wants to launch their own coin but they still waiting for the right moments to release to the public so they will get more attention from them.

you are confusing a couple of things together. for starters the anonymity level that different altcoins offer are very different from each other so you can't talk about them in the same category. there are anon coins like monero that offer full anonymity while there are centralized coins like XRP, BNB,... that offer literary zero anonymity because you have no control and they are centralized.

as for prices, the 2018 bitcoin price fall was a correction of the $20k bubble not because of supply doing whatever....
meanwhile the altcoin dumps of 2018 has been the same pump and dump feature that they have been offering forever.

And well, I also think like that where the government always complains about all the frauds and everything that is beyond the possibility of committing crimes, insofar as what I see is really important in the development of crypto today where they try to anticipate all evil in crypto, don't worry about everything because crypto fans are very much and for me is a positive value for the future, the government just wants to get rid of crime in crypto.

Governments are unhappy with the presence of a large number of scams in crypto just because it is uncontrollable money, from which taxes are not received. In this sense, all crypto may be unacceptable to governments.
Banks under control. If the cryptocurrency is under control, then no one will object. I think that right now technical capabilities are being developed for control cryptocurrencies (even truly decentralized ones).

Monero, veil and any other privacy coin against the centralization that created by the government but the possibility for government to destroy the privacy protocol is almost zero but what they can do is about to create a very strict regulation to give limitation for exchange site by apply KYC and AML verification.

governments to allow crypto as a currency , first crypto should have rules and regulation so that govt can have control over it and simply govt will not allow crypto to be used all will be using for transactions its not about 100 or 1000 transactions  there millions and billions of transaction there are many thing to consider for govt to allow crypto as currency , simply saying govt is against crypto is wrong

I think you are hitting on a popular conspiracy theory as the reason why govenments may want to go against cryptocurrency. The fact remains that the government is aware of the good sides of crypto but there is still a lot that needs to be put in place to ensure that people don't lose their money easily due to volatility or worse still, cyber hacks. These are issues that need to be sorted for regulation to come in

I think government of any country cannot wants to loss their public. But moreover some countries centralize this currency legally. I hope in future maybe crypto currency unbaned .it's also imagen good sides of seeing by the government.

Governments are just trying to somehow control and tax the crypto economy as well as track the crypto transactions which is exhibited by recent crypto regulations from Indian government where they have asked for every crypto holder to also declare his crypto wallet so that every transaction can be tracked and transactions can be taxed as well.

yes, its all about control and tax to all crypto hodler,, but thats hard to do,
except the governments want to make cooperation with an exchange, because an exchange always have the data from all thehir users

It is already known that many politicians themselves use cryptocurrency for transactions. At the legislative level, they promote anti-currency laws under the pretext of combating crime, but in fact they see a solid jackpot passing by them, which they can not normally control.

government are banning the cryptocurrencies in some countries but we all know cryptocurrency is getting stronger now and governments dont like altcoins because of its volitility but i have the good altcoins that we may invest in and gives us good profits in the future the Dencoin tokens.

At the moment, the situation is already ambiguous as there are already countries that accept cryptocurrency as a means of paying for certain services. Of course, I understand that cryptocurrency carries with it a decentralization that is disadvantageous to many countries, but I think this problem will be solved.

well,i think u misunderstanding about what anonymous on cryptocurrencies mean.


i guess this cases already explained on another topic,its not money fight or crypto fight or some like that.
its a normal , when goverment see crypto at the "Beginning" as a threat.
but now, its not like that.


haha, its that u think ?
i thought its a correction.
also ETH the most total dump since a lot smart contract opened on 2018

Let's not only see it from a cryptocurrency enthusiast point of reasoning. The government might frown at altcoin just to protect there citizen From vices that can be invited by partaking in altcoins. But not all government are waging war against cryptocurrency some has already embraced it and understand the advantages it would bring

Right there's already countries who fully maximizing the use of crypto currency, if there's issues between Fiat system to this chain it will be resolved after those government bodies will open up their minds and also look at it's perspective as a useful mediums for faster and safer  transactions, there's a need much wider understanding regarding to whole functions of this system to work along with the current financial system.

Altcoins are much needed to use in coming days, In future marketplace people are accept the crypto to utilize and blockchain system is the main source to use the data handling and etc.

There are plenty of altcoins available in the market so in future every country may accept as their national currency.

The state will only use its blockchain. Otherwise it undermines its security.
And the national cryptocurrency has almost no advantages over traditional e-currency, except “transparency”

in my opinion the government does not yet understand how to regulate crypto and it might threaten banks from money laundering done by irresponsible parties. but blockchain technology began to be implemented.

you actually not making any point. We all know that nothing can be hidden and even some privacy coins like monero are not 100% anonymous. Cryptocurrency is a coup d'etat as you called it. Cryptocurrency is still in its infancy and still have a lot of development to encounter

to my knowledge or precisely in my country that the government prohibits the presence of cryptoqurrency but that is not entirely, I mean cryptoqurrency has a good side for government banking and on the one hand cryptoqurrency is only permitted as an investment tool and nothing more than that.

More precisely, I feel that way and Crypto itself plays a major role in technology development which is still a big thing that not everyone knows about digital currency trading, this can have a negative impact on one's rights. Actually, I don't really know, but if we are not greedy or violating the law, it's not a problem, it's just that we still need to consider the issue of Crypto growth in each country.

I think cryptocurrency is not a real threat to the existing banking system. Maybe someday can work together. Maybe it's just limiting the rules in each country, but to ban or stop the development of cryptocurrency, I think it's not easy. Bitcoin has proven to be an investment choice and has the potential for the future.

I think thats why many government still not allowing cryptocurrency use for payment in merchant. For some reason, government allowing bitcoin or cryptocurrency transaction because government could collect taxes from crypto market but i think in the future, government will allowing cryptocurrency use for payment in merchant

It won't never happened. A country will never use decentralized coin because they can't set the system. Most likely, if a country has an interest to change their currency in cryptocurrency they will create itself. Look at the Venezuela, they create their own cryptocurrency and never intend to use bitcoin as payment system and the other altcoin.

Government is gradually shifting it's attention from banning cryptocurrency, although most countries are still in the process of allowing the use of cryptocurrency in its region. Apart from the Indian government who have just taking another step in banning cryptocurrency but apparently this can't entirely happened as written in an article, that the ban will only increase the demands of privacy coins like monero

Yes it is true that the government prioritizes it, but in my opinion the government policy is wrong if you have to ban the existence of bitcoin, even though bitcoin is also one of the businesses. The government should not ban but make rules, with the government banning bitcoin means the government is unable to overcome this problem.

Many countries out there prefer to use bitcoin instead of having to forbid it, banning bitcoin does not actually reduce crime but increase the number of violations, like in China, many people prefer to leave their country and live with bitcoin where bitcoin is legalized.

@OP, I guess it would have been good if you tag your topic as "governments vs cryptocurrency," because you are talking about not just altcoins, but also bitcoin,
 which connote cryptocurrency in general.
If government see crypto as a for, instead of a friend to the economy, it is just a pretence, because so many of those in this same government, utilize it for their own advantage. So we should be careful of being cajoled by them.

The problem people see on bitcoin and altcoins that governments will not like is the fact that bankers are always on the politicans ear and the bankers will do whatever they can to make sure crypto currencies will not put them out of business. However what you are missing out is the fact that maybe crypto will get so big that politicians will not have to listen to bankers anymore and can profit from crypto more than they can profit from banks?

Maybe some big crypto business people will decide to pay millions of dollars to politicians to keep them in their pocket instead of bankers one day? Justin Sun just paid close to 5 million dollars to Warren Buffet for a lunch. Think of him spending that on 435 american congress person? Thats about 11 thousand dollars each on bribes, EACH. Thats why I think it is time to consider crypto having some influence on politics soon.

No it didn't really choked but it's a usual bear market that has to pass through.

That's how real investors that sees nice market for a new emerging industry. They were just getting their position properly and don't have to broadcast it to the public that they've been accumulating because it's the right time to do it. Until now, you can see on the news that many of them are doing it.

In many countries, the cryptocurrency is already accepted by the government and is normal. Unfortunately, this applies to a very small number of countries. Other countries and their government are not ready for such a step.

maybe now they are not ready, but I think they have now begun to prepare themselves. because of course those who have not managed blockchain and crypto technology already know the benefits of using this extraordinary technology. and I think all countries have now prepared it all.

more and more here the government in my country about altcoins and other crypto continues to support this kind of technology. so there is no problem comparing this and also in my opinion in 2019 there has been a significant development in the government for the altcoin itself.

Between the government and altcoin it does not have a point of accuracy or mutual support from one another because in addition to different systems the flow is not the same, so not all countries have agreed to the existence of cryptocurrency or altcoin, so crypto players must be able to stand alone to certain governments.

Well the government of course have its part in that stifle not only Altcoins and cryptocurrency in General the whole market,they have such a policy,to lead,and of course they want to regulate everything and just grebsti money,and more money,so they interfere with the projects normlano to develop their norms and law

I think these are all games of rich people. After all, who owns the banks? Rich people! But rich people do not want to pay taxes. And bitcoin is one of the financial instruments to achieve this. So, anyway, some of the rich people will support bitcoin and alternative coins.

Painful our current struggles is actually the aftermath of the game played the big guns in the game. Reason been that, an average crypto enthusiast is just a pawn in the chess game of the big players.

it will only be their affection for the rich. for me the most important thing is to trade and that's what I will do without taking care of the problems of the rich who give the rules or whatever.

The state is absolutely not profitable to legalize cryptocurrency. Since so many people will be very easy to launder dirty money.

In any case, governments will try, by introducing additional rules, to regulate the circulation of cryptocurrency on their territory more and more strictly. Even the government of cryptocurrency-friendly Japan now periodically does this and will continue to do so as certain difficulties arise during the practical use of cryptocurrency. This is inevitable and despite our protests, it will happen all the same.

They already control, do you really think that politicians are not involved in cryptocurrency? They have been there for a long time  ;)

This is never ending discussion when it comes to the point that how the government will be benefited out of cryptocurrencies. There are a few valid reasons why the government doesn't like cryptocurrencies.
Since there are no regulations set up and thus no governance on cryptocurrencies trading, it is very difficult for the government to keep track of investments from the country.
Every government wants some amount as per taxes applicable from the trading transactions which can increase overall revenue.
Due to not having regulations, the government can not set up the tax system on such transactions.
And the most important thing is due to not having any governance on the trading of cryptocurrencies, there are most chances of money laundering, which is not in favor of any of the governments.

Crypto left a lot of weak hands in 2018. Many people were deceived that crypto was going to die soon and so they all sold at a very cheap price and cashed out their monies. Today crypto is gradually reviving and those same people are now buying at higher prices. Never trust these governments

Whether it is bitcoin, altcoins or any other assets which isn't under the control of any government, then surely it is considered a threat and governments begin to react accordingly. To the same banks give support to the government in opposing the usage of bitcoin and altcoins as it takes the revenue of them.

Government knows the centralized altcoins and bitcoin as my knowledge.

First lets government of Russia implement the financial chain with the blockchain empowerment. First blockchain empowerment needs to launch in the countries then this question can be answerable due to lack of knowledge with local citizen and government officers side.

I always had troubles with understanding those relationships between government and cryptocurrencies.But i hope that privacy will be absolute, otherwise what's the use?

I get the logic you stated here, but I don't think the government really respect democracy when it is down to her country finance and tax. Especially in this part of the world, once the people are elected to their respective posts, they take the power from the people and often disregard democracy. I hope cryptocurrency can give back some power to the people.

The government has to allow altcoins to survive.

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Bitcoin could become anonymous one day if the dev team and the majority of miners decide to implement the technology.

India has banned crypto and this news affected crypto market badly. The FUD and fight by banks also don't let the crypto ecosystem develop but the true value always shows itself no matter how strong resistance governments build.

These are rumors we all know. And considering that BTC is the first crypto money created, some shortcomings may be possible.
Do not think that governments can make a quick decision. These are issues that will require years, and will not be readily accepted.

The government authorities are against crypto and thereby place restrictions because they are scared of the outcome when crypto is fully adopted. Another aspect is because they believe crypto increases crime rate and corruption, since some transactions will be done without anyone noticing them. Nevertheless, some of these government officials still take position in crypto, especially bitcoin when it dips. So let's not get it twisted, I'm not entirely against their views of crypto, they've been so many scams and insecurity in this space. We just hope for the best in future.

No. Bitcoin is not anonymous, it is true, but some other coins are anonymous.
In Monero, you cannot see where the coin goes. Even you cannot see a single address balance without keys.
For example, if you buy bitcoin and use it to buy Monero, then withdraw your Monero, then send again to other address, you will completely become untraceable.

based on your description above, of course this becomes the government's consideration of money loundry. especially if this is done by officials, so the corruption rate will increase. hopefully the best policy will soon be available

Many countries allow cryptocurrency trading and treat it as commodities. Even in some articles, it was mentioned that cryptocurrency is recognized as a digital asset and many online stores already accept cryptocurrency. The government cannot hinder the development of crypto because crypto is technology

Governments understand that they need to somehow deal with anonymity in the cryptocurrency sphere and they are constantly working on the latest technologies that can control cryptocurrency and fight with anonymity.

On the surface it seems to be that way, i wish there's isn't a day in which most of the good exchange would require all your information to trade alts. They could issue a massive ban on crypto, or being wrong for holding crypto. Its not secret that some institutional with big money are investing bitcoins already over traditional assets and bonds. I never see any direct benefit of governments vs alts, you might just need to buy those alts somewhere else 

Maybe the government will adopt Crypto by making stable coins in the future. That's what I'm thinking right now.
But for now, the government is still banning the use of crypto and secretly making a surprise by starting the adoption of blockchain technology in their administrative systems and always making updates every time.
I think the government always thinks about the price of crypto which changes every time because of that they still forbid it for transactions and do not prohibit its people from investing

Right, they are studying and having case study on how they shall implement rules and regulations so that crypto transactions won't be stopped. It's very alarming for the gov't if most of the people are now into crypto but that won't happen because there's still a huge number of people that are not oriented with crypto and not open with the technology.

Government always scared over cryptocurrencies because cryptocurrency controlling is too much tough for government authorities, it's decentralisations make difficult to ensure how it's running! government want to control cryptocurrency because they want taxes from economical activities, but cryptocurrency is decentralized and it's difficult to observation. 

The government is still concerned that crypto currencies will affect the currencies of future governments. For example, Facebook launched its stable coin but was opposed by alliance countries as an example

I think that they are opposed because they also want to release some of their cryptocurrency assets, and since Facebook did it before them - they are not happy

Any government wants to have control over cash flows. There are even attempts to create national cryptocurrencies (altcoins). But altcoin should be popular and in demand, only then it will have a good price. They're unsatisfied because money passes them by.

Things would be much harder for them to control if cryptocurrencies are traded peer-to-peer. The anonymity part wouldn't matter much if seizing or censorship of cryptocurrency remains difficult or impossible.

There are some countries that are already giving support to cryptocurrency. With time, some countries will start having their own currency in form of digital currency. The earlier they start, the better for them
Although, some of them are waiting first for more adoption before lunching in.

It is too late for government to hinder the development of cryptocurrency, now that we even have very big players that are beginning to come into the industry too to create more awareness through there won personal adoption of It.

The one that will make everything gets out of out of hand for government is this new ones that is about to be unveil, which  I think will be the coin to create the biggest and fastest awareness for users of cryptocurrency would be that of Libra coin. Facebook Libra coin will be the major threat to government as many people will get to know more of cryptocurrency as they adopt it too.

I think the government sees it as crypto market, not altcoins, they even give emphasis in bitcoin rather than altcoins since it's owning more than 50% of the money circulated in the space.

I think the government must be open-minded about cryptocurrency, they should not miss innovation where the world has turned into a digital era. I think the government must be able to accept bitcoin as a digital currency in the future.

I do not know why authorities or governments themselves are involving in cryptocurrency, and at the same time, they are ordering the general people to stay away from any activity of cryptocurrency. In a democratic world, the general people should have rights to freedom without hurting the entire society. I think, cryptocurrency is democratic, and it should be accessed by all.

I have strong doubts that current governments will ever accept crypto currencies, because even a LIBRA coin that is not a crypto currency has created a lot of mess in political sphere. So I can imagine what happens when Monero will get accepted for global payments.

I don't see government agencies banning bitcoin but instead, I think they will look for an opportunity where they are going to benefit from it. And also, there are countries like Philippines who actually support cryptocurrencies which is a good thing.

Make no mistake, so far according to the government's announcement why bitcoin is banned because of abuse, fraudulent acts and protecting citizens from fraud, that's what the government said. In my opinion it is too much if you think that all government has always been an opponent of cryptocurrency, in my country the blockchain and cryptocurrency are growing well.

Everything depends on each government in that country because there are countries that really ban crypto.
but even though like that not all altcoins depend on government decisions because not all projects are real.

Yeah most of the government think crypto as the currency that jeopardise fiat, but that is actually not the purpose of crypto, crypto was intended for people to have a better payment system, the government that think crypto as an enemy is a narrow minded, there are a lot of positive side of crypto that could make the country become better

The governments may see the cryptocurrencies from several negative sides. First is about the issues of using crypto for money laundry and ignore the tax. Crypto is also considered as a manner of terrorist utility. ANd crypto is also considered as a factor of the unstable financial system of a country. however, aside from the negative sides, actually cryptocurrencies have many advantages. And here, governments are better to consider these advantages. Such as increasing their social financial level, easy transaction, high technology, and others. In this case, should be certain understanding and regulation between government and token holder in the country. And now, in fact, some countries or governments legalize crypto.

In some countries, bitcoin or cryptocurrency is considered a digital asset. In Indonesia, cryptocurrency is recognized as a commodity and allowed a local exchanger. Indeed, many countries still prohibit crypto trading but I am sure in near future, government will allow crypto trading

In general, governments are against the idea of cryptocurrency although we have some few governments in support of crypto. The governments do not have full control over the transactions of cryptocurrency yet can influence the progress and patronage of cryptocurrency through the setting of laws which ban crypto usage. People heed to their governments hence crypto will flourish much better if it wins the governments interest in some years to come.

I think the governments are trying to control or regulate the cryptocurrency to get taxes from them in order to protect the investment from many investors from scam, fraud and money laundering which is good from side hopefully it will happen soon.

With tight regulation that would help to make the market grow.
Cryptocurrency is a risky investment because of its lack of regulation so when it will be solve, it would become less risky and although we might not see a big jump of value but its long term potential is better, so for me I would choose a slow but a steady rise of my investment compared to sudden pump but then dump afterwards.

DO you mean gov vs altcoins only or all cryptos?
So far, the governments give a different response to the cryptocurrency world. SOme agrree to receive the crypto world and they support this so much. But, some gov don
t legalize the crypto, it leads the crypto is sometimes forbidden n certain countries. Of course, they have several reasons why such as the stability of the financial systems in the country, not trust thoughts on crypto, believe that it is used for money laundering and other crimes. And more.

The government will always certain issues, rule, and regulation about cryptocurrencies. So far, we can see some types of governments in the world, they support or forbid the existence of crypto in their country. Of course, it depends on each rule and regulation that is allowed in each country. However, I think that the verses of Government and altcoin or crypto will always exist.

As in my country that this Cryptocurrency is gaining support from the government. So now the belief in this industry is increasing. This is great for the development of all altcoins. So trading in the year 2019 will re-increase. And this awakening is characterized by rising Bitcoin prices.

I think government are not against at crypto currency they are only afraid to the risk and consequences that it may brings to the crypto users that can cause an crime,fraud or scam. But I think the issue between government and all of crypto including altcoin and bitcoin will end when the time that legalization and centralization will came.

Goverment do everything to try to control Cryptocurrency (ALT COINS) privacy , security here.
They just wanna make sure cryptocurrency can fully safe to use, thats good for me. If goverment acccepting cryptocurrency it will good for cryto future.

Governments globally just try to manage and control flow of money into crypto, in order to get as much taxes from crypto as possible as well as prevent potential money laundering. Blockchain is human society's future, not only bitcoin. By now, privacy coins are the most favorite targets of governments and law makers, not bitcoin, in reality.

At present, I think the government does not think that cryptocurrency is a coup d’état against the international banking system. Today many altcoins are security tokens and cryptocurrency can be called a digital asset. Sooner or later, I think the government will make regulations regarding cryptocurrency because the government gets taxes from every transaction on the market

And so? Do you think the governments will start their crackdown on Bitcoin and altcoins in a really aggressive manner? I do think that Bitcoin and altcoins are reflecting the kind of disapproval people have on the banking system. I also think that the governments cannot flex too much muscle on this concern. If they do, they will just effectively push the people to totally turn their back on the banks and the governments.

They are not against crypto and its tech but the decentralized that can be used to hide by fraudsters and scammers is the system that they are against it. Remember about the privacy coin and the government was banning it in various countries. Decentralized is a big threat for government. but not altcoin.

altcoin and Bitcoin greatly influence government policy, the development of bitcoin / altcoin will be very beneficial for people in a country, as much as we know cryptocurrency greatly facilitates transactions, but countries in controlling crypto need legality in order to maintain economic balance due to crypto.

but unfortunately not all governments agree and allow altcoin and crypto to develop or be used in their countries. there are some governments that prohibit the use of crypto. some only allow traded assets and do not legalize crypto as an asset that can be used for financial transactions.

The government is too afraid because its banks print money in a controlled manner every year.  We can see that any country issuing excessive national currency will cause excessive inflation leading to the collapse of the economy.  Ethiopia, venezuela is an example of how they cannot control the national currency.  Because they want to release how much is their right.  For altcoin almost all are limited to a certain amount.  The state fears Bitcoin and altcoin for their own interests and banks have manipulated their national currencies to profit.  Annual banks also participate in money laundering a large amount of money.  With the blockchain network, all accounts are transparent and clear and that's what scares banks.

Blockchain is a product of the people.  It represents the will of freedom and equality.  Since bitcoin has been born so far, the number of Bitcoin users and values ​​has grown rapidly.  The state cannot resist the will of the people, they cannot resist the spreading of crypto and blockchain.  I see in countries that prohibit participation in IEO and ICO people still find ways to own crypto.  Curbing and removing crypto is impossible because it is a large network through the internet.

Cryptocurrency is a digital asset, which acceptable world wide with a specific prize given, hence many governments are in support of cryptocurrency, while few are not in support, Nevertheless, cryptocurrency is a future used and many company and industry are converting into crypto.

Oh! I think we should try to look first the basic. Let's try to be technical, government is for paper currency and people is to cryptocurrency. What possible instances can government affect the decentralized digital currency? I'm not pessimist for the legalising crypto to other countries. If we're just open, instead of thinking it as a threat to government why not use it as the help to their economy.

It seems that this is a successful revolution.  Assets dispersed and closely monitored.  Recently Deutsche Bank has just laid off 18,000 employees.  I think the dumping of banks is approaching.  Or a sign of a great recession.

the government, especially banks, will see cryptocurrency as a threat, and that should be the case, because a decentralized system is needed to defeat centralization.
it's just that the problem is the bank itself began to expand in crypto, and even the cryptocurrency itself began and wanted to cooperate with the bank.
but hopefully in the future government banks will remain but use a decentralized system and eliminate taxation on ownership of digital assets.

In that case of recession, the people is looking forward on that day to happen. Big opportunities awaited for those positive people behind cryptocurrency, so if that revolution dominates greater outcome will follow. Let's expect more progress to be heard all over our community of altcoins.

For now they act like this, they still believe its a threat and yet they are secretly investing. My friend are working with the banks and they are not allowed to own cryptocurrency but since they believe on altcoins they secretly invest on that. I do hope for this, they should adopt cryptocurrency and embrace the big change on our financial system, i hope they’ll stop from scamming people thru their fees.

Maybe because government regulations. Many governments still prohibit trade and use cryptocurrency in merchant and banks not allowed to invest in cryptocurrency because its not official investment instrument yet. The government should not need to fear on cryptocurrency because government can regulate it and government can collect taxes from every cryptocurrency transaction on the market.

So what exactly is your point now, because I don’t fully understand what you are insinuating. Is it that satoshi lied to us and we should all be scared of government and dump our cryptocurrency usage and investment? Make it clear please. As far as I know, bitcoin is still the most decentralized cryptocurrency, and the fact you have control over your personal transactions within it does not mean it is not going to be fully anonymous to external body out there.

Bitcoin is fully anonymous, and that was the major idea behind its establishment by satoshi, one thing you need to know is that satoshi might have something against the government which I am sure of, and that is why he created such system, and would never make any mistake to leave a loop hold because he is too smart to do so.

And the state is vseravno your anonymity. Say, Russia is preparing a tough regulation bill. According to the latest news of the RBC tele-channel, this law was postponed to autumn. However, it is easy to make them give up cryptocurrency. The Russian law said about 15 years of the deprivation of freedom. And who needs such a cryptocurrency.

The funny thing is that some governments around the world are just a group of old men and women who still do not understand the influence that Cryptocurrencies would have on the tight grip they have on their citizens' purse strings and I eagerly await the day that they would wake up and realised that while they have been blissfully ignorant, the world has moved so fast and they cannot really do anything about it.

Governments vs altcoins, government in bitcoin friendly countries are fully bitcoin eco and always gives positive feedback but government in non supported countries are opposite.

Not at all,some might just waiting up for bigger countries to adopt before others do follow the line.We do see that there are countries are positive,neutral and negative towards cryptocurrencies and no surprising that majority of them do really hate decentralization coz they know on what are the main things would be mainly affected.Sooner or later even they dont like this innovative tech will be integrated in future industries.

Altcoins were used as a means of duping and defrauding people in the name of ICO but thank God for another dimension of initiative in firm of IEO. I see the fraud aspect of some altcoin teams is the reason the government was somehow against it.

I think it is much better if we replace "vs" into "and". The unity of both worlds will somehow solve our problem. Government together with Altcoins will be a very powerful tool in enhancing the financial system in every country. Instead of building a wall between the two, why not we build bridges between Government and Cryptocurrency. It is worth a try.

It's true that the government is weary about crypto because they see it as a threat to FIAT and also a means for citizens to escape tax and have total control of their funds. The government also claim that crypto promotes crime, which is true to an extent, but that's not the primary reason why they are trying so hard to retard crypto from going mainstream.  At the end, I think they will give crypto a chance but with regulations, just my opinion.

big players are accumulating positions just like what you've said. So in able to get fruits on their actions, we need to get in too and sell on the "unsustainable parabolic move" or what they call "UPM" where the price of alts and btc goes up too fast too soon without enough pullback.

In fact, the government is very negative about cryptocurrencies, because they are afraid that if they approve of cryptocurrencies, then cybercrime will be more,but it seems to me that they will still approve,but will establish some control over the market and users.

I know cryptocurrency is not totally anonymous. Your post about the government and cryptocurrency sounds like a fud to me. Although the government has started showing too much interest in cryptocurrency,  but don't think it will be stoped

The government currently supports altcoins. They know that this industry can give you a huge advantage. So by getting support from the government will have a positive impact on Altcoin. We can take the example that it is now more free to do crypto promotion. So more and more people are attracted to crypto.

Something I have lately too, and I see quite the opposite.  Everywhere there are negative statements about cryptocurrency, both in the United States and in India, for example.  Do not sit in the government of educated people.

So far, there is a speculative game that would underestimate the cost of the Altcoins. Then, when a large batch of coins is purchased, the Altcoin market will turn its course towards support from all sides.

Not all states consider cryptocurrency a threat to their own economy. There are those who understand the advantages of cryptocurrency in the economy. And it is precisely these states that will receive greater profits from the use of the new direction.

Right now this industry is much healthier because more and more products are backed with real products. It would be hard to ignore such a massive trend and I believe we would reach the mass adoption but anonymous currencies will be forced to leave.

Most altcoins that are on the market are utility token and not substitutes for money. For example, ethereum, is not a substitute for currency cryptocurrency because ethereum is a business platform. There may be some cryptocurrency that is made as a currency but the transaction value is small. Bitcoin is not a substitute for money but has been recognized by many countries as a digital asset even though it can be used as a medium of exchange