Bitcoin Forum

The USA government talking about Bitcoin like they have rights for this?

Why the USA acting like some world police?
Can the rest of the world Can't decide whats good for them and whats not?


USA fincen antymoney laundering Laws and etc.
So how come that USA have power so much over Other juristications?


Is this Reason is only they have big army and of you dont comply with them they Will just use Military power!

Like what Gives them to decide over so many Peoples lives and countries?

USA sec and fincen Can they just shut up about Bitcoin?

They killed liberty reserve it was greatest things I used and love it.
Now they talking about Bitcoin dont they have better things to do?

So Let's say they want more Control over BTC...
They cant touch the BTC its just computer based Virtual thing right?
They Can only be involved in fiat Exchangers...

Well, it would be nice if you have a reference for USA acting like they have the power over bitcoin, in the end, they are the country with more power, so, they can take decisions an claim that someone or some country is using the cryptos to make money laudering.

A good example of this is when the FBI confiscates the Bitcoins from silkroad, those founds was dirty money but the FBI confiscate them. Not sure if this was fair for other countries.

Maybe the OP is talking about this one? Acting Comptroller of the Currency Brian Brooks Educates U.S. Senate on Crypto (https://cryptoglobe.com/latest/2020/11/acting-comptroller-of-the-currency-brian-brooks-educates-u-s-senate-on-crypto/)?

In any case though, I haven't seen any statement for any US government regarding control of bitcoin.

Perhaps this is just an exaggeration on the OP's part, or he just mis-interpret, what US or any other financial watchdogs around the world is doing is putting regulatory in place, but it doesn't mean that they can stop bitcoin from going mainstream.

I mean, the USA is literally the world police..

Though they could attempt to have smear campaigns and such to destroy BTC's public image, they really can't, or at least, it's going to be really really difficult for them. Let's not kid ourselves though, they can deploy mass FUD campaigns to drop BTC's price temporarily, but definitely not kill the network.

Saying that US has power government is an utter BS, I do not think that just because they want to be educate themselves about bitcoin does not mean that they plan something tyrranical. And what is the connection of bitcoin to the foreign policy of US government. They protect their interests which is natural for any government, they want to understand things so they do not have to be caught off guard when things go awry.

The United States is a country with one of the highest Bitcoin usage going by a number of metrics and whatever action the government takes would have an effect on the general Bitcoin space. This of course doesn't give them control, China with majority of the hashrate than the rest of the world also has some stake. Bitcoin is however decentralized and if these nations would attempt to control the network, users could switch to more friendly locations.

The more people use centralized services to buy/sell and also store bitcoin the more it falls within the reach of the government.

Actually it is due to the existence of the Bretton Wood System.
Since USD acts like an reserve currency,
deep states, been existential had USD weaponize to service its purpose.

No offense but took me some critical thinking will allow you to see thru the illusion surrounds you.
Fundamentally it is about systemic control.
I am sure you will understand once you do some research and not relies on fake media and distorted institutions.

I understand that the USA intends to regulate the use that users give to cryptocurrencies to prevent them from carrying out illegal activities.
One of the FBI's concerns is that criminals are diverting large sums of money through cryptocurrencies.

https://news.bitcoin.com/us-government-moves-to-regulate-cryptocurrencies-after-attorney-general-publishes-enforcement-framework/ (https://news.bitcoin.com/us-government-moves-to-regulate-cryptocurrencies-after-attorney-general-publishes-enforcement-framework/)

FBI should concerns itself as for USD used being the most widely used money laundering tool that exists decades before BTC, which are order of magnitude more severe than all cryptocurrencies combined.  In practical terms, FBI is more interested getting free BTC thru the process called civil asset forfeiture.

USA is afraid of bitcoin is due to its monetary policies.  fiat currencies backed by physical assets such as non-paper gold have very little to fear.  Unfortunately, USD is backed by man with guns (U.S. Department of Defense). If you stop using it, they will get rid of you (Gaddafi, Mule Hussein, and dozen others)

Regulation has its limits.  It made cash in person trade popular as no one trusts centralized exchanges - this in terms increases the fees you may charge for those need moving into and out of BTC.  Thus, more regulation, more profit.  It is an win-win situation for everyone.

The reason FinCEN wants to amend BSA to mandates collection of any international financial transaction for $250 from $3000 is because things looks desperate for the USD.   A lot of transaction and international exchange forum (my favorite) no longer need conversion to and from USD, and this is even true for non crypto related commerce.  Because USD is becoming less used, FinCEN now wants to collect all information on it, so $250 made sense.

If you can convert like me without going thru USD, you can get alot done in OTC space.  The problem seems to only hurt those who holds USD.  Also, from what I am experiencing physical gold is getting scarce, and taking physical delivery right now is a huge problem.

I just said before few days regarding US new government I thought they will favour BTC but I didn't expected such news, this is not the way a super power country is suppose to keep a block hole.

BTCs primary motive is freedom for every transaction but I don't understand how come a super power country is ignoring such freedom in a diplomatic way. This is insane let the people have freedom atleast for their own money.

US is more of the world bully than police since the police's job is to bring order to the world but what US has been doing for the past couple of decades is to bring more chaos to the world.
with that said OP seems to have been reading a lot of FUD and have fallen for the exaggeration. it is already too late to do anything against bitcoin since it has gotten adopted by most of the world and it would be near impossible to try and reverse their approach to this.

More likely the OP has been reading a lot of negative news lately. The USA is not hardly putting a dent on cryptocurrency as a whole, maybe just a select few who uses it to extract money from US citizens. Anyhow it's been more than 10 years already, it's too late for them to stop crypto or bitcoin. If they decided to, some other countries are just going to pick up the ashes so it will continue with or without the US.

No where it is stated that USA have majority control over bitcoin. USA has the majority of the financial services accepting bitcoin and usage is high in comparison to the rest of the world. Just on this things were correlated, but the reality is different.

When it comes to USA, people are much adopted to technology and the same easily drives them towards cryptocurrency and bitcoin usage. We can agree on China having control over bitcoin network, because it holds the majority of miners who are the backup for the success of the network

Maybe because the USA has the most numbers of bitcoin user, based on the statistics that I have read before the lastest one, the USA has the biggest number of cryptocurrency of all countries so basically if there would be any move or decision of government related to bitcoin will surely affect the crypto community but I don't think that they will use military power if ever there would be someone who would not comply with them, that is against the human rights of a person.

They can only talk about it, nothing more nothing else. Let them blabber their mouth all they want, nothing would change the fact that no power can govern over Bitcoin, even if the US self-proclaims that they rule over Bitcoin. Additionally, I don't think there's a connection with how they use their military power with Bitcoin though? Are they banning Bitcoin and arresting whoever uses them or something? Hardly doubt that. US can have all the rights on laws and authorities or whatever they implement over their country, but Bitcoin would never be inside of that. Exchanges? Well, the most they could do with that would either be FUD, or regulating possible transactions of "possibly" dirty funds of Bitcoin (came from hacks, scams, etc.). Which is why exchanges ask for KYC in the first place, and which is why most people don't look favcrably at exchanges.

The USA is actually an empire,even though they are trying to deny that.What else do you expect from the US government?US citizens have to pay taxes to the IRS,even if they live outside the US.No country in the world has such tax laws.
The US government doesn't have power "over Bitcoin",but the government has power over the users and businesses,who are trading and mining Bitcoin under the jurisdiction of the United States of America.
Without the support coming from the US people and businesses,the Bitcoin price could easily drop below 5K USD.
Like or hate it,the US government can influence the Bitcoin price.

I think the US government has no intention to control bitcoin and it is not possible to control bitcoin because it was a decentralized network. thats why it cannot be controlled by any governments, But they have the power to block Bitcoin trading on any exchange that was operating in the US territory if they want to.
But I believe they won't do that because the U.S government only wants to protect their " Interest including the American crypto users and investors". that's why the U.S SEC wants to have tougher regulations on all Crypto platforms that were operated and doing business in their territory to protect its "Interest including its Citizens" and I think they have the right to do that as a sovereign nation. 

I agree. PayPal yesterday allowed American citizens to buy bitcoins.
https://news.bitcoin.com/paypal-opens-crypto-services-to-millions-of-eligible-account-holders-in-the-us/

It all looks like a carrot and stick policy. On the one hand, everything seems to be allowed, but on the other hand, all customers who own bitcoins in the payment system cease to be anonymous. Regulation everywhere and in everything is the true face of America

The view should be overviewed.Because it's not totally correct.In some manners, the US is acted as a Spectators role.Even they try to be a single polar world and lead the world. But cryptocurrency is different one, they can't control the flow of bitcoin and all.Because as everyone know bitcoin is based on the decentralized platform. So they can't do the spectators role on crypto currency.

I wouldn't generalize the whole US goverment because there are different people with different opinions but there are powerful groups and lobby that want to control everything including bitcoin. They have a right to do this because they think that even if $1 is involved they can interfere. That's why many crypto-exchanges don't allow US citizens to use their services or platfroms.
Since $ is widely used in commerce and as a reserved currency that's why they have real power over many other jurisdictions or...they may impose different sanctions on those who disobey.
World financial system simply can not operate without US that's why many have to listen to SEC and FinCEN say about bitcoin and other cryptocurrencies otherwise they won't be able to operate or be very limited. Look at Iran for example.

The USA has no control over Bitcoin...

The Bitcoin protocol are distributed all over the world and the Protocol cannot be altered without the majority consent from the full nodes.  :D   Yes, a lot of the developers are working in the USA or originate from the USA, but their hands are tied, because it's not a centralized database.. where 1 company or government can do what they want.

The USA can influence policy makers in other countries, with the laws and regulations that they implement in the USA, because a lot of these countries have poor leadership and are looking at large western countries for guidance to mold their own policies.

We saw this with the banning of Crypto currency advertisements on large Social media platforms, when the ICO's got out of hand. A lot of other countries implemented similar actions, when the large corporations in the USA started doing this.  ::) ::) ::)

Voters should vote better leaders/politicians that can think for themselves.  ;)

USA has no power to control bitcoin but it has a power to open the full potential of bitcoin by adopting it. If USA managed to adopt the bitcoin then other countries will surely adopt it too because they will think that bitcoin will make their country improve. Any country would really improve in many aspects if they managed to adopt bitcoin. But if USA managed to ban the usage of Bitcoin then it will be a big change for all of us because there are some whales that came from USA.

there may be a sense of anxiety in the public if the US bans bitcoin trading, but now technology has advanced even though there are restrictions there could be loopholes that can be done because nothing crypto can stop transactions. even though there is a ban, of course an alternative will be found so that we can do it.

but the class of a large country will certainly not take irrational actions that are contrary to most of its people, it will certainly accommodate these needs because the state also needs for economic progress in the future.

They have the rights to do what they want to their country. If you do not like their laws, you can choose various ways to avoid being controlled by the government. Laws and regulations are needed to make a country in a right order. Moreover, they are not try to control bitcoin from other territories. You can change your IP or simply move out of United states

Tax is obligatory. Citizens need to contribute so that they can build more facilities, infrastructure and public building for better life

I think the US government is worried about the increasing price of bitcoin, the US government knows that many criminals are doing money laundering and drug buying and selling using bitcoin.  At this time, identity recognition has not been fully implemented in the crypto world, therefore the US government wants to interfere in overcoming this problem about bitcoin.

The USA like any other powerful country will use their power to try to get their way, this is nothing new and if some other country had that kind of power they will use it in the same way or even be more aggressive with it.

The USA can get away with it for many reasons but one of the most important is that the world uses the dollar as a reserve currency, this means that the US has power over all of those countries and they can hit them with it if they want so many countries have to consider whether it is worth or not to comply and move on or to not comply and suffer the consequences, this is why many countries are looking for a way out of this system since they want to reduce the influence of the US.

Because the USA have such power to do so, and there is international agreements in the field of law and treaties on defense, security, politics, and law enforcement cooperation.
That's why they can act as the world police by forcing the law under international aggrements, but they cannot be arbitrary towards a citizen of another country though.



They can't control bitcoin, not in any way as decentralized system make sure it won't happen, but they can regulate bitcoin through policies, the same as today.

I am not a supporter of US administration or any other government but I feel they are doing this to avoid dirty money and money laundering which could be a possible threat to any region as nowadays some notorious criminals and gangs are demanding ransom in Bitcoin due to its anonymousity and  that's what is making government to think about regulating the crypto domain which is not possible task.

You are right, why America is so terrible. it is as if America claims to be God's country. yes indeed we count America with all its military strength, to be victorious in the second world war, and plus as a country that regulates policies for any country. America always interfered, including bitcoin. Logically, why should there be any American involvement in managing bitcoin, enough for those like us who live outside America and trade without exception.
I hope bitcoin will become a worldwide co-ownership. bring the welfare of mankind. :)

Regardless of all that, we admit America had a big role in the development of bitcoin, I appreciate that.

Of course America as the big country in the world wants to control Bitcoin, but it never works. Because Bitcoin is decentralized which
cannot be controlled by anyone, even though America has military power, does not guarantee that you can control Bitcoin. Therefore
some American politicians who hate Bitcoin are only able to spread FUD. But since there are many Bitcoin holders in America and also
with a large number of ATMs in America, making every policy made by the American government against Bitcoin at least has an effect
on the Bitcoin market in the world.

Many governments are very wary of the idea of ​​legalizing bitcoin. 

Why is this happening?  Governments know that national currencies are bad money.  This money is not backed by anything.  The issue of national currencies is not limited.  The national currency is inherently an inflationary currency.  Bitcoin is another matter.  Bitcoin is a deflationary currency (1 BTC = 21,000,000 coins).  Governments fear Bitcoin will destroy the global financial system.  Issuing money is real power over the world. 

Governments are afraid of competition, so they seek to control both cryptocurrencies (Bitcoin, Ethereum, etc.) and the money of IT corporations (Libra, TON).

And Bitcoin is use in different places not only in their country even how strict and regulate Bitcoin transaction in their country it will not be the same to others. Since other countries see it also as good alternative to Fiat for online transaction .

if they really want to get rid of it they need to forcely ban it all over the world , which is impossible to happen because it is accepted in other countries and they don't have any control to other countries laws and regulations.

well IMO, the government see's Bitcoin for these past years as a threat to the balance of the society where in most of that time money/finances has a great control, so the government finds it way to deal with it in order to maintain the balance.
Well I think that the government concerns is that the impact that will cause by the btc in the society and not for the individual persons.
The government controls, monitors and keeping the country in peace why don't you just look to the bigger part and not focus on the small one. imagine if a country does not have a government? Will you enjoy your life as the same?
IMO, Overall the government of a certain country can't have the majority control of Bitcoin, so rest assured for now.

I think USA has so many nuclear power they can literally end the whole world and turn it into dust killing all civilians. Any country with so much power will definitely have ego lol. It's a good thing that USA is a democracy so common people there have a say to what the government should do. And if they can destroy the whole world, obviously Bitcoin will also go away. Bitcoin exist as long as the Earth exist!

The US actually have the powers to do an undo when it come to the world but virtually, i don't see them with such powers when Bitcoin is directly involve. They made some attempts several years ago bu couldn't stop the spread of Bitcoin, more reasons they can't control Bitcoin is that Bitcoin is decentralized in nature and not like the regular fiats which is subject to USdollars. US can cause FUD which will pose a major challenge to Bitcoin but can't destroy Bitcoin in-totality.

Statistics shows the US to be the most powerful country in the world in terms of Military power and dominant economic. Besides, in the aspect of cryptocurrency users and Bitcoin ATM location the US has the highest users and BTC atm which i believe automatically make them the world police but I don't think they will sure Bitcoin cause if they have such a plan they won't have given Kraken the ease of crypto to fiat (vice versa) license. Mind you, Trump has once tried to stop Bitcoin and the Chinese either but they all failed.
With that been said, with the increase in institutions investment in Bitcoin we may somehow see some price manipulation from their side in the future though so the crypto community needs to spend less and accumulate more to avoid this from happening.

The US government tries to control and/or kill anything they can't control. They killed NORFED (National Organization for the Repeal of the Federal Reserve) and its Liberty Dollar that was trying to return a solid gold and silver backed currency to the people of the US instead of the US Dollar which is literally just a paper note backed by empty promises. And indeed, OP hit the nail on the head mentioning the US's large military. I am from the US and I sadly recognize that we are viewed as the bully of the world that tries to stick our nose into everybody else's business.

I strongly feel that the globalists are going to try to switch from individual government Fiat money to a one world digital currency, and since they can't seemingly control Bitcoin enough to use it for that purpose I think they will eventually do everything they can to kill Bitcoin by regulations, taxes, and legal crackdowns. But for now Bitcoin is helping their cause by spreading the knowledge and widespread acceptance of a digital currency.

That's was an issue last year US government worried about crypto currencies where they think it can be use to fund terrorist and other activist that can lead into a rebel, there at still at risk for it as they don't want it to stabilize some coin and yet some of them stock it already.

Source : https://news.bitcoin.com/us-government-worried-crypto-can-shift-power-to-private-sector/

Who in the government is talking about Bitcoin? Is there an article you just read or are you speculating.

No Government can control Bitcoin. Every government can try to control a citizen's access to Bitcoin, but it would be very tough. And every government can try to control how they collect taxes off of bitcoin sales, a bit easier to do.

A government trying to collect taxes is reasonable...the government needs to run on some form of incoming money. Controlling poeple's access to bitcoin is most possible by restricting national banks from accepting transactions from bitcoin or allowing transaction to bitcoin. This is all easy to avoid though since the internet provides access to many banks that don't operate within the jurisdiction of a single government.

What new squawking have you heard from the States government about this?

No, they aren't because the USA had been affected by the bitcoin or its citizen had been involving bitcoin and experience losses this is what the government is mandated to do to protect the community. But, they can't impose on something like it does not under thier jurisdiction but they had the power too over international court so this is why the US government can interefere. There is nothing wrong about it if their only objectives is to serve juatice for the bitcoiners that had been losing in their investment from scammers.

yeah No country that has control over Bitcoin even China that has been said to be the Highest Bitcoin miner yet they can't control this Decentralized currency.

The voters already choose right?and it is Biden over trump  ;D

and Not the politician that only think for themselves but the one that think for everyone and for future and betterment of all.

The United States cannot exercise any power over Bitcoin is not under anyone's control and no country's government can operate as it pleases. The privacy provided by Bitcoin makes a common currency for hackers and thieves to steal. As a downside to a good black market also makes Bitcoin's ability to finalize transactions much easier, if not impossible, by withdrawing fraudulent transactions. Before the U.S. backtracks at this crucial juncture i urge regulators to work together, to act quickly and to ban these dangerous currencies from harming hardworking Americans.

If the American government uses its power to control Bitcoin, this is very unlikely. No matter how great the military power America has,
it is impossible to stop Bitcoin transactions around the world. Because the American government cannot prohibit other countries from
using Bitcoin.

Since they are holding the world power, every country normally looks up to them for help in times of need, they tend to abuse that power and act like bully on everything,they have absolutely no power over bitcoin, because it is a decentralized currency and doesn't depend on country for the network to keep working, the only reason why it feels like their government has power over bitcoin, would be because most bitcoin users are actually based in the US, so placing a ban on the use of Bitcoin in the US will definitely affect the growth of bitcoin.

Literally yes because they are in such a position to command or atleast influence the decisions taken on the leaders from countries from any corners of this world, it's simply because every country's growth is somewhat connected with the USA. But there is no possibility to take complete control over Bitcoin in anyways.

Forget what happen several years later with United State government because many bad impact for many investor from bitcoin and altcoin because United State government is terrible for bitcoin, now waiting what Joe Bidden effect for bitcoin after win election united state last few weeks. He will discuss with his minister of economy what will do with bitcoin accept as legal payment currency or not. We just waiting and hope for Bidden will give different from the other president of United State always become bad reputation for bitcoin like Donald Trump and waiting what new decision from Bidden to help bitcoin become legal payment currency in the world. Right now we need to promote bitcoin around the world and give how positive side of bitcoin if adopt as legal payment currency.

Bitcoin is a decentralized currency, that is not control by the government of USA which no one can decide how it will pump or dump in the country. The government can do other things to improve their fiat money for their citizens to grow their businesses in the country. Joe Biden who won US election promised all bitcoin users that he will create a good environment for them to carry out their business in the country.
Biden cannot do anything negative to bitcoin users in the land because many bitcoin users voted massively for the candidate of Democratic party that make him to pulled 306 to defeat his incumbent Trump who pulled 239, that make the electoral declare Biden winner for the US presidential election.

Isn't it true that America is the world policeman? but that does not mean that rights and freedoms can be fully controlled by them. In terms of security, America has rights in the world peace sector. But what is the slightest suspicion that chaos always overlaps because of American interference. even if for bitcoin, they will insist on controlling its value. what America wants is complete control of any movement around the world. and they act as judges.
as a result bitcoin also entered their territory, and its abuse was taken over. limit each exchange and control the wallet of anyone who owns bitcoin. There seems to be no freedom.

It's obvious that a one world currency is what comes next, the dollar at some point is going to fall, that is inevitable, especially because the US government is treating it as if it is their right to print as many dollars as they want and the world is simply going to take the dollar at face value, so when an economic crisis hit us because the dollar is going through a period of hyperinflation people are going to get desperate and they're going to be willing to accept any solution that is proposed to end the chaos and that is when a one world currency is going to be proposed.

And I have no doubts that the proposal is going to be accepted and even celebrated by the people, however while I have no doubts that governments at that point will try all kind of measures against bitcoin at the same time a lot of people will realize that giving more power to those that created the problem in the first place is not the answer and we will begin to see an unprecedented support for bitcoin.

they can talk whatever they want. BTC is a threat to all government they would face BTC whether they like it or not. they'd have to regulate the market if its possible. its going to be a battle and just like China did, there may also bank accounts that will be frozen. preying over other country though is just not acceptable. the people are good but their government is like owning other countries.

When America talks about bitcoin and crypto, I have two assumptions:
1. America doesn't want bitcoin assets to beat the fiat or dollar market, they define bitcoin and crypto as a threat. 
2. The American government wants to regulate the movement of the crypto market.  Its goal is to save crypto users from hackers, scams and other criminal transactions.  USA finally chose to make crypto regulations.and we never know the ending.

As we've always known; USA is actually the most powerful country. So many other countries look up to it. Also, are you really sure USA government is trying to overpower Bitcoin? If I'm not mistaken, I once saw a post in this forum where US residents(from this forum) were talking about the Bitcoin ATMs they have there.