Bitcoin Forum

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

I think it's also another attempt to find common ground between government and industry, such as pro-crypto laws in certain states and regulatory guidelines from the SEC and While it's true that there are risks associated with crypto, it's worth noting that the industry has taken steps to steps to address this risk, such as implementing KYC and AML protocols.

I don't think we should worry about that situation, but it's important to remember that investing always carries some level of risk. While government actions may impact the market, it is also possible that the market will recover and continue to grow over time. It may be a good idea to consider diversifying your investments and staying up to date on any developments in the industry.

Well, let them shut down, let them crash, and from the ashes crypto market will stand up and become stronger. There are a lot of pointless and unnecessary products, and only the strongest will survive. But I think you might be overestimating US power a bit. We'll see.

It's been happening for the last couple of years with SEC suing a lot of crypto companies. Conflict arise mainly from regulatory uncertainties which is brought by unclear policies. Companies are confused and it seems Coinbase got tired of this so they sued the US SEC. I don't know if that will go far but I like what they did. I think it will be significant in creating future crypto-related rules and regulations.

You forgot about another one choice which mostly company involved with cryptocurrency will do when this matter happen, they will choose to not involved with cryptocurrency anymore. Why should a company choose to shut down when they had built it for many years? move to a different country isn't simple as you saying.

Government's only take action against of privacy oriented crypto, so for ETH, BNB, USDT which is centralized coin, they can cooperate with government and choose to follow the government's regulation.

This is because they cannot fully control the crypto market and also there are some people who want crypto to disappear because their businesses are getting affected especially the banks. since the emergence of the crypto industry, their business has gone downhill and some of them as you can see from the news today are falling and they are not just small banks but one of the top in the country. Therefore, the remaining ones are keeping their hostility until they no longer have this problem but they won't gonna succeed because their days are now finally over.

It is pretty obvious why the governments and authorities of the world are so negative against cryptocurrencies as a whole in most cases. Cryptocurrencies were invented to give people a payment method, that has no middlemen or banks involved in a normal payment and that can not be controlled or seized by any government. Obviously the the authorities does not want something like that they want control over their people. That is why they are trying to hinder the growth of cryptos as much as possible.
So far though i think that the more the governments have tried to hold crypto back the more crypto as a whole has grown. So i am not worried about sanctions and stuff like that.

You're talking about them against those countries that are also having war like Russia and China?

If so, it's true that it's gonna determine a lot of people's lives and fate but then, with crypto. I don't think that there's should be any relation to it but because somehow world events have seen to be giving a factor and movement to the crypto market.

Then, that's the indirect hit that it's going to have by then based on the US' government actions.

the government just wants to find loopholes to be able to take big profits from cryptocurrency companies so that the government will make regulations that want to harm crypto companies. but I'm sure the management of crypto companies already have a solution for every government action against them and they already know this risk. and incidents like this have often occurred in several large countries such as China. so there's nothing to worry about because everything will be fine.

The government has always been against crypto activities simply because its decentralization can't pursue the regulations that they want towards it. The government are fully aware of how profitable cryptocurrency is and looking for loopholes to attack it has always been their strategy to make money out of crypto companies. Taxation has also been their main goal to regulate over cryptocurrency users. These things have always been the things that users have to bear with because we can't always expect support from the government.

I have been looking at this closely with great interest. And frankly i am surprised that heat on this didn't happen sooner. There are people in crypto world saying that law makers doesn't understand crypto and that's why they hate it. But i see it as an opposite, anyone with a brain sees that it's a direct threat against government money and they have to move to move towards more auditable system. I am not saying it's a threat because it would replace fiat money, it's a threat because when wealth isn't in control of countries, it can't be seized and they are afraid that it would become a way to launder huge sums of money.

Luckily there are options that could suit governments as well but for some reason they haven't been expoited yet. And there are more then one voice in regulators so we don't yet know what road they will ultimately take.

Ban of fiat/crypto pairs in west would be disasterous however.

There are still many countries that are friendly with crypto. As far as i know if USA is far better compared with china or rusia in term of giving crypto some spaces to be developed. As long as you can agree with their regulations and it's fine for you to build your crypto company in their territory.
That's the main point. The only problem if US regulartors are still trying to build the regulation bodies to be implemented for crypto soon.

and do remember, when china banned crypto, the market continue to survive. so far, we have seen that any country, big or small economy will not be the reason for crypto to disappear. there will be more countries that are crypto friendly and willing to stake in this market. and besides, it may only take regulation not total ban of crypto market.so for me, regulation may also have positive side when it comes to adoption as people will trust more on this market. some are avoiding this market because of so many scammers on the loose.

The USA is just strict but you've said is a fact that the latter countries are stricter than the USA. Still, there are the people that have been doing things on their own hiding in their government related to crypto.

And with those that I've been reading, they're going to tax it a lot. India is like 28% or more than that. To think of those percentages, it will literally make you think if you want to take those profits while them are just waiting for it for every individual who's gonna take profits.

Hence, the power of cryptocurrencies enables that it is decentralized and cannot be stopped due to regulatory pressures from a country, even if that country is the United States, and the markets began to interact positively with any news related to tightening regulatory restrictions, although they had reacted negatively to such news in the past.

But not all cryptocurrencies are unaffected by the US decisions:

• Stablecoins: USDTeller and BUSD are both directly affected by the regulation.
• Ripple: One lawsuit caused a significant change in the price of the coin.

We conclude that decentralized cryptocurrencies are the only ones that are not negatively affected by regulations.

The relationship between the US government and the cryptocurrency market has been a complex and evolving one, with both parties often taking conflicting stances on the issue. In recent years, the US government has taken a number of steps to regulate the cryptocurrency market, including the introduction of the Anti-Money Laundering Act of 2020.

I agree with this, no government can shut down bitcoin because if they could do it they would have done it already, this means that they can only go against centralized services, and while the disappearance of some of those services can have a great effect on the market, especially if they were the leaders of their particular industries, at the end those services will simply be replaced by other centralized services or in the best case scenario they could be replaced by a decentralized option, making this market stronger and more difficult to deal with.

When US regulators get into trouble with crypto, they resort to various lawsuits for regulation. A lot of cases have been seen in the last few years. Due to this case, some good projects are facing various negative effects. I think the main problem here is that people don't like to keep their money in banks anymore. And when money is being withdrawal from the bank, the bank collapses in uncertainty, which they see as a major threat of their country. They are trying to regulate crypto by filing various lawsuits which will never succeed.

Yes, and they are driving away not just exchanges like Coinbase and others, but maybe good lead developers too and the technology itself. They also said that they are going to imposed 30% of bitcoin mining, and I think that is huge already for miners.

So don't be surprised if exchanges are going to move away from US, just like in the thread that I open here, Robert Kennedy Jr on the subjecdt of bitcoin, mining etc.. (https://bitcointalk.org/index.php?topic=5451178.0)

Yes, although each different venue has a different perspective and approach to crypto, and this can create a fragmented regulatory landscape. I personally see The success of the crypto industry will depend on finding the right balance between innovation and regulation, I mean the government is not undermining the potential benefits of crypto through overly strict policies to bring about positive change and continuing to push for more inclusive regulation and framework going forward.

Everyone keeps saying that USA government is "attacking" crypto, but aside from a few words by few people, there is no legit action towards crypto as a whole. Sure they are checking into binance.us, but that is a company and you need to remember that a company is not representative of crypto as a while, they did that with USDT which was Tether company, and they did that with XRP as well which is Ripple as a company.

So, if governments start to look into crypto companies a lot more carefully, be happy about it and not sad because that is how it should be. Too many people are acting as if  that is a good or bad thing but the reality is that it should not be a big deal, it is as well as you hope for and should not be considered as a deal breaker, nothing bad will come out of hits.

Some of the rules that have been made regarding cryptocurrencies are to minimize the occurrence of digital crimes. Some governments do not strictly prohibit their people from taking places in cryptocurrencies. They only make a few regulations so that fraud and fraud do not occur in every cryptocurrency transaction. That's what I thought.

The US government has been acting aggresively against crypto ever since the FTX collapse took the world by storm. It's not protecting "investors' interests" but rather scaring away exchanges and companies alike. Don't be surprised if other countries start doing the same, especially when they don't want to lose dominance/control over the mainstream economy. On one hand, they're taxing crypto for their own benefit. And on the other hand, they're having a "hostile" attitude against it.

What governments are doing is protecting their own interests. One thing for sure is that CBDCs are right around the corner, so either crypto becomes outlawed by every major country in the world or all the other way around. Who knows if the worst is yet to come? Just my opinion :)

The way I see it, this conflict that you are talking about which has already been happening for years will slowly get better as time passes and mass adoption happens. This industry is already in a state where it would be difficult if not impossible for the other side to entirely suppress it. One way or another, both sides will inevitably have to find ways to coexist since none of the two can really get rid of the other at this point. We all just have to be patient for now and do our part as crypto enthusiasts in our own little ways to use, hold, circulate and spread awareness about this industry so that little by little mass adoption would hasten and may lead to a future that has better conditions for this industry and for us crypto enthusiasts.

If we reflect on the recent regulation climate in the US, it does not look good. Nevertheless, it does not indicate that governments are trying to push away cryptocurrency innovation, they just trying to be more strict about it.

On another hand, other country arises advocated as a crypto hub, such as Dubai and Hongkong. Bybit does move its headquarters into Dubai, and other crypto exchanges taking a look to try establish a presence over there. Hongkong recent announcement also gives companies regulation clarity. One thing for sure, established companies will surely try to adapt to US regulations since the market is massive, yet, they will also try to look for other opportunities overseas to serve their global customer.

The relationship between the US government and the cryptocurrency market has been a contentious one, with both sides grappling to find common ground. It is important for both parties to engage in constructive dialogue and collaboration to ensure a positive outcome for all stakeholders involved. Ultimately, the success of the cryptocurrency industry will depend on the ability of regulators.

To be honest, I dislike the drama surrounding the US stance on crypto. If they are against it, they could simply ban it without all the fuss. However, it seems they are determined to regulate it in order to ensure that taxes are paid. If they truly intended to ban it, they would have plenty of reasons to do so.

In this case has been to hard predictions ride for the cryptocurrency market, especially with issue of US government's involvement. For me, it feels like this conflict could really make or break the future of many businesses and individuals in the crypto space.

For US government to find a balance between regulating the market and allowing innovation to thrive. It's a tricky situation, you know?

So, if the regulations become too strict or unfavorable, it's possible that these companies might have to either shut down or relocate to another country with more favorable policies. But again, I hope that this issue can be resolved.

Yeah that is called regulation, governments could have regulations regarding crypto and crypto companies and that would be lovely, but there are some nations with that and yet there were people who still stole money from others. Like in my nation there was a guy who opened an exchange and in the end they stole everyone's money and ran away with nearly a billion dollars. That means that we still can have regulations and people stealing. Think about it this way, in the fiat world, could you steal peoples money? Are you allowed? You are not allowed to steal right? And yet there are thieves right? People who still, even though it is illegal.

This means that regulations may change some stuff, but it is not going to make it a lot better, it is just going to make it a bit harder to steal, but there will still be people who do steal anyway.

I've got to that point where I don't care so much about governments' attitude towards cryptocurrency because most of them expectedly will want to protect their local currencies against cryptos. China scared me in 2017 with that same attitude. It was my first time witnessing so much bad press against cryptos and it actually did scare me. So many crypto businesses including Binance moved out of China that year because of that. Bitcoin took a beating for that but rose to do an ATH that shook everyone that year. If the US likes, let it become anti-cryptos I don't see it destroying the industry. Of course, it will cause it to dip but certainly it can't cause its end.

Cryptocurrency has been a topic of interest for governments around the world, and the US government is no exception. The government has taken a range of approaches to regulating cryptocurrency, from creating laws and regulations to implementing enforcement actions against companies and individuals engaging in illegal activities.

On the other hand, many in the cryptocurrency community argue that excessive regulation could stifle innovation and harm the industry. There are also concerns that stricter regulation in the US could push companies and investors to relocate to more cryptocurrency-friendly countries.

So far it has least involved people who have been using crypto in the legal lines and not for criminal stuff. It is best if it stays this way and other countries also follow suit. We dont want so many crypot users all of a sudden coming to a stalemate and then being unable to use their hard earned money. As we progress in civilization crypto is a game changer and a currency that needs more adoption and acceptance.

Therefore governments will try to allow it with restrictions and gradually change them as per their taxation systems. But we can be hopeful that this will be for the good and not bad, because governments are diplomatic.

Well, we should just wait for the decision after the US government's decision to see how the crypto market will react. And if the crypto market is affected by the decision that the US government will take, it will not last long because, after all, the crypto market will surely rise again and even increase very high. The crypto market does not depend on the US government but can indeed be affected by decisions or policies issued by the governments of many countries. And let's hope it doesn't impact the crypto market too much.

I think it's only natural that many are worried about these possibilities,
hopefully the development of crypto will not be hampered and will continue well,
we'll see what the future will be like.

The US has not been crypto friendly with crypto projects, and the SEC has always used consumer and customer protection as a shield to milk these crypto projects with fines, and because these projects and teams come from the US, they have no choice but to adhere and dance to their music, even Coinbase plans to leave the US very soon if the SEC continues to push them to the wall.

I think US is over reacting to crypto sanctions but crypto doesn't start in the US and doesn't end in the US, they should move to countries like Dubai and other crypto friendly countries that allow them do their things to better the financial lives of people, it is possible that they may even pay lower taxes other countries than what they give to US.

The conflict is NOT between government and crypto. The conflict is and always has been between a few government leaders (people) and crypto users (other people).

Both groups of people are looking for ways to make money. Crypto people are using freedom to use crypto to make money. Government leaders are using government writings to make money by stealing it from crypto users, and to make money through all kinds of regulations in everything.

In the US, the one place to go where government doesn't have any control is the Private Member Association (PMA). Google it. Then...

Make a cryptocurrency that is entirely outside of government control because it is completely private... just like private drinking clubs, and smoking clubs, and nudist camps, and any other organization that is done privately.

Peruse the whole thread, "Getting Rid of the One, Major, Cryptocurrency Problem Remaining" - https://bitcointalk.org/index.php?topic=5450555.0.

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This has been an outstanding problem that I feel has affected Bitcoin price growth since last year. But some cryptocurrency related companies that are strong enough are withstanding it while some are going down due to their weakness, but I hope this end soon so that it will not affect Bitcoin price growth during halving.

Government not handling crypto and crypto is one of the best powerful cyrrency if government try to go Against crypto i think no problems to pumping and bull market as well always.

Decentralization and a lack of government control are seen as threats to some authorities, who may fear losing control over their citizens or losing the ability to monitor transactions in finance. Efforts to stifle the growth of cryptocurrencies may not necessarily be successful in the long run. As cryptocurrencies continue to gain popularity and wider adoption, it is possible that governments and regulators will need to find ways to work with these technologies instead of trying to stop them.

There are countries whose governments are friendly with bitcoin and crypto, conversely there are countries that always take actions to limit the development of crypto, the rest can be countries with neutral governments. I don't think the US wants to stop the development of crypto and fight it, in a way they want to win crypto as an economic dominance they are at the top. They want to create dependency at least that's my point.

Can you explain in more detail about the problem you are talking about? since I played crypto in 2017 until now I often hear news like this, government vs crypto is an old problem in crypto. but what has happened so far is that cryptocurrencies continue to grow, bitcoin and altcoin prices continue to increase and more and more new projects appear.

It seems the US wants to impose harsher regulations against this market and for what I have heard even a 30% tax on your gains on this market, a tax that is ridiculous high, if such a law passes you can be sure that many businesses related to this market will leave the US probably to never return, now such a thing does not affect me but at the same time the US has many allied countries, and if the US take this posture then it is likely many other countries will begin to do the same thing during the next years, possibly affecting a great deal of the participants of this market.

Abuse of power and giving some false views about the market is what I have seen over the years not only the US government but also many other countries. Agreeing on the legal corridor to use cypto is still not clear, but looking at the way that governments judge and impose this market is really unfair, they just want to control everything and put restrictions on it. takes place without talking about the positives that this market brings, sometimes I even see it as a ploy for personal gain. But maybe the way I see this future of crypto-market harmony is going to be commonplace as we increasingly see the possibility of a real problem-solving from the field, and the truth is not. Whether trying to cover it up or distort it, it also creates an opportunity for other crypto companies and other countries to become major hubs of the crypto market.

Do you have a link for this? As far as I remember, they only tax the miners, not all the investors. If they do, it is no different from the policy that the Indian government is imposing on the crypto market. A policy that will cause many people to evade taxes, leaving the US market searching for other potential markets. But I don't think they are against crypto, they are simply making money from us, they have let us free for a long time, and now they see its potential.

Nothing new here it's always been the way the government tries to find a way to control Cryptocurrency based companies, but ends up doing cooperation because they cannot stop a technology that has been adopted by the majority of countries now, they cannot stop it for a decade, they cannot stop it now.
A country's administration changes but Cryptocurrency is definitely here to stay they can ban it now but there will be a new administration that willingly accepts Cryptocurrency and adapt it to their system, it's only a matter of time but maybe not in one country but soon adoption will come to that country.

Will the US take steps like China? banning crypto in their country, but you need to know that with the US doing that crypto will fall, isn't crypto not holding on to a country or whatever it is as long as investors still believe in crypto then as long as crypto is still developing and keep growing.

America will continue to monitor the exchanges operating in their territory. If they find something odd, one of them is manipulating the trading volume, and/or manipulating the number of coins in circulation. Then they will delegate it to the SEC as the authority on crypto companies.

A few days ago, I came across an article stating that Coinbase was considering moving its headquarters to another country because of the unclear regulatory direction on cryptocurrency in the current location. However, it seems that the CEO has had a change of heart as of yesterday. This news is likely a relief to cryptocurrency traders in the country, as the CEO has access to information that he finds welcoming and reassuring for both the cryptocurrency industry and his business in the USA.

Source?

We are all awre that there are governments who are against usage of cryptocurrency, and this is evident for years. Fortunately, there are countries which support this technology as an alternative mode of payment making the situation neutral in general; there are those who supports and those which prohibits. Nowadays, I don't think this issue is as hot as before, most of the countries are now netural with cryptocurrency issues on their end so I doubt with totally shutting this industry. Their take on its usage is regulation of transaction which is being worked by them thru third party applications and not by merely forcing it out. The market value of powerful fiat are receding at this point and as a counterpart, the prices of crypto increases. Right now, more people are engaging in this industry, and that is something to be okay with, atleast for now.

I believe that this is only temporary, this shake in the cryptocurrency market and regulation will just on the early days, we all know cryptocurrency is still it's on the early days which for me, I agree with it. We can relate this to the early days of gold before.
Just think that we are now living now in high technology, and in our day-by-day lives we are always using technology, so think about Bitcoin and other cryptocurrencies.

The US government's relationship with the cryptocurrency market has been complicated, since numerous governmental measures and remarks have had an impact on the sector. The government's initiatives are meant to improve investor protection and stop fraudulent practices, despite the fact that there have been some instances of dispute and controversy. While some businesses might have trouble adhering to rules, it's also crucial to remember that the government is open to working with the business community to create solutions that are advantageous to both parties. The success of cryptocurrencies in the US will ultimately depend on regulators and industry participants working together to strike a balance between innovation and regulation.

This is not the first time when some government declares war on the crypto industry. We immediately think of China with their ICO ban or Bitcoin ban. Then everything goes back to normal. I am sure that this next attack of American government on crypto exchanges and crypto industry was organized for a reason. As always, FUD rules the market and many in a panic make rash actions and take hasty conclusions, and some make their own personal profit and profit from it.

The fact that the US government may introduce new regulations to monitor and control activities related to cryptocurrencies could cause concern and insecurity for market participants crypto. And crypto-related companies and investors could face hefty bans or fines if they fail to comply with new government regulations.
And we all know that the US is not the only country that has problems surrounding cryptocurrencies, in general, things are really unclear and only instantaneous, the cryptocurrency market today is growing very strongly, and I think in the future there will be harmony with the government with this market.

I just noticed that in the U.S. they are too proud of themselves. Because they want to control the cryptocurrency or Bitcoin since then, and this can't happen and they can't do it either.

       Just like the coinbase that they questioned, now because the coinbase is in the territory of the U.S. so this company has decided to move to a country that accepts the cryptocurrency unlike the U.S. which suppresses the cryptocurrencies in their country.

After China, it was the US government has been hard on crypto, and implementing strict rules will push the crypto business to transfer to another country. I'm not going to say that they must be friendly to crypto but at least they are fair enough in regards to implementing rules so everyone could also have a fair experience.

When a government sees crypto has no use for them, they will throw it and ban them. I won't say it was a threat to their finances but because users and holders never pay their taxes, their solution is to stop people from using this and urge them to set back and stay on fiat money.

Currently fiat money is not solution for invest so many people allocate their money to Gold and crypto. due to money is centralize under the US government and all over in the world thinking for using each transaction money by their country and especialny its make FED confused with all situation that has been change in the world. Many people will be leaving USD and be independent on their coutry and not depend with US goverment anymore. Hopefully it will make people realize competitive of sector finance it will hard and should collaboration with cryptocurrency in the future

Such a conflict situation is noticed not only in the states, but also in other countries. Because the industry is not fully controlled, and this, as you know, is not beneficial for certain circles. In my opinion, this should not be controlled, because then the idea itself will die

Things like this will continue to happen on cryptocurrency every year because there hasn't been a proper regulation to regulate all of this, so it will remain a debate, and when the U.S. government says it will have a negative impact in the coming months, remember that whales will always wait at a lower price, and there will be speculation again for investors when the rules of one country emerge, and maybe later there will be more conflicts.

The issue of state control over the cryptocurrency is only a matter of time. The more bullish trends, as in 2017 and as in 2020, the more government agencies will get into crypto regulation. This point should be understood and not particularly hoped that the state will not notice a large profit of a particular person.

Cryptocurrencies are volatile so ups and downs are pretty normal here. Governments have ups and downs too but I wonder if what conflict would that be, you're talking about. In case the US government bans crypto, cryptos will definitely be affected and their value can go down again but good cryptos will never die.

Only people residing in the US countries are mainly the ones that will be affected with this. Moving in another country where cryptos are still legal, sounds like a plan. In fact lots of people in China are said to do the same move because cryptos in China are also banned. I'm lucky that my country never bans crypto. I wish they will stay like this forever because I am already used to crypto.

I think more precisely the bank collapsed because of their own mistakes in financial management, there was no connection between the Crypto Currency, it was also because of the printing of the currency that was so large in recent years, and if you count the level of yoy inflation of more than 6% while the deposit interest rate Under 5% per year, of course for an investor will take into account that this is a loss, even though the amount of their money increases, but the value of their money has decreased significantly, some banking investors are aware of this situation that can eat them slowly.
And yes, their alternative is Crypto as their escape assets to get more profit.

There's a long road ahead before crypto/Blockchain tech becomes mature enough for mainstream use. Regulations are a way to help bring confidence into crypto assets from investors and traders alike. They're inevitable, especially when governments want a "piece of the pie". I know some countries have turned hostile against crypto/Blockchain tech due to the benefits it provides to everyday people. But not all of them are doing this.

The most recent country to attack crypto is the United States. Actions from the SEC (a US government agency) will make crypto exchanges migrate to other countries with a softer approach towards crypto/Blockchain tech. That doesn't mean the industry will die, though. What it means is that the US will be left behind in the dust, while other countries "eat its cake". As you've said before, we're still in the early days of crypto adoption. Just keep buying and holding prominent cryptocurrencies to obtain great results in the future. ;)

Mass adoption won't happen until regulators take over the entire industry and all supposedly decentralized protocols cooperate with regulators and governments. Until the entire industry is centralized, governments will not rest and will raid the industry, whether it's a service or cryptocurrency. A lot of decentralized and anonymous services have disappeared from the industry lately, some close down and then reopen, but with changed rules. KYC is becoming more and more embedded in the lives of crypto users.

Why not? You should say it is a threat to their financial institutions and to their finances as well since cryptocurrencies, Bitcoin mainly, are decentralized and can't be fully regulated or they simply can't have a control over transactions or financial activities or their citizens if they are using Bitcoin or cryptocurrencies.

Countries that puts an outright ban on cryptocurrency are clearly insecure of its usage and spread and finds it a direct threat, and countries that try to regulate its activity or restrict their citizens' usage and involvement with it are basically trying to hide that they find it threatening.

I think regulators are already doing their work as much as they possibly could, and in most major nations there are regulations regarding exchanges and trading. Which means that you are capable of trading, maybe the usage needs some more regulations, because going to a restaurant and paying with crypto is still not fully regulated in some cases, in most nations at least and that could definitely be worked on and can be considered a bit better.

But that doesn't mean that we should be doing something so synical and assume that it is not adopted. Think about it this way, 5+ years ago it was less than a million people, today it is tens of millions of people who owned bitcoin at least once, that difference is mass adoption, and if exponentially grew, that would make it hundreds of millions of people in 10 years as well. That's good mass adoption trajectory so far.

That would make crypto no different than the traditional banking system powered by Fiat. It's unfortunate the industry is leading towards full centralization, but there's nothing we can do about it if we want governments to "legitimize" crypto/Blockchain tech. If we embrace full decentralization, then all of the world's governments will make it "illegal" for anyone to use crypto.

We have to accept the fact that regulations are inevitable, no matter how much hardcore crypto enthusiasts like me hate them. Some countries will regulate crypto more than others, but at least we get to use decentralized cryptocurrencies without restrictions (sort of). Who knows what the future holds for this nascent industry? Just my thoughts ;D

Yep we can't do anything about it if the government decide what they want to do on crypto. There are pro crypto government El Salvador who boast about the crypto adoption in their country but yeah there are country that don't want to follow that path and the residing residents can't do anything if their government somehow ban bitcoin or limit it to the extent that it is not recommendable to use crypto anymore. I believe that we can expect more regulation about cryptocurrency when it is bull market since people are cashing out and cashing in a lot of money.

If that is true then I would say the US government is doing injustice to the cryptocurrency market. If the conflict is over cryptocurrency then it will be really bad news for that country and I think cryptocurrency will go up and down.I don't know if all countries should be concerned about this situation, but I think it could affect other countries as well.  Although government actions can affect the market, they may increase some level of investment risk.The government of the country can do many things, they will do what they think is best.  But governments should scrutinize cryptocurrencies better.  Because all countries are now using cryptocurrency.

There is no limit to perfection, and there is no limit to the regulation of cryptocurrencies. I wouldn't be surprised if in the future regulation of cryptocurrencies will come to the point where every crypto address will have to have KYC of its sender and recipient attached to it. To many people this may seem like nonsense and that it all goes against the very idea of cryptocurrencies, but the regulators have their own opinion on this. Once again, they will cover themselves in the name of anti-money laundering and anti-corruption, and most will dutifully submit to it. Regulation is still quite young and not all cases are elaborated enough, so this is the very beginning of what awaits us in the crypto industry.

I don't believe this is really an issue is just interests that do not align, what we need is a government that is truly bold enough to support crypto and make the right regulations to support the growth of the industry, the old economy is scared the new economy is here to dethrone it. Another problem here is that infighting within the industry is making things mad, the West especially those US company are working against the interest of the Eastern companies like Binance and Tether because they are both leading the exchange and the Stable coin market

Governments are central authorities. Cryptocurrencies are decentralized systems. These two concepts have to conflict with each other forever. So I'm not surprised by the expectation you've created. Also, I think we can hear news like this all over the world, not just in the US, because the problem is fundamentally a conflict of concepts. Of course, they can find common ground under reasonable conditions, but I think they will always be at opposite poles with each other.

As stated, this is the common news that we can come across the world. At some point we can expect both the markets to have coexistence. Maybe such an action can take years and years as people aren't completely moved to the technology depending life.

Both will be opposite to each other in terms of existence and the operation. On the top both were to give the same service. When one if found better over the other the conflict becomes serious as the government holds control over the financial system.

the government of course does whatever they think is the best thing, even though it is not certain that what is done will be accepted by many users, especially regarding crypto where it is clear that most users will obviously be harmed by the actions that have been and will be carried out by the government. the government must also be able to receive more benefits from any rules that will be carried out to ensure that the state will not become a loss in the future.
but actions that are considered good by the government will not necessarily be acceptable, so it is true that there will be conflicts that can make them close themselves off from leaving the country which makes it difficult and that is real and happens, so that is a consequence of the rules made.

The US is standing on "both waters". On one hand, it wants to regulate crypto for taxation purposes. And on the other hand, it wants to ban it with the excuse that crypto is being used to "evade sanctions". Some other countries are in the same boat as the US (although the US has taken a more aggressive approach after the collapse of FTX). With CBDCs on the brink of launch, we should expect more regulatory pressure against the crypto industry. There's nothing we can do about this if we want to "keep governments happy". Otherwise, crypto would become illegal for mainstream use anywhere in the world.

As I've stated before, all that matters is decentralization and censorship-resistance. As long as that is preserved, no government should be able to "stop the revolution". Crypto has gone a long way since day one (especially Bitcoin), so I'm confident it'll do fine in the midst of government oppression. Who knows if it "beats" Fiat sometime in the future? Just my opinion :)

The conflict between the US government and the crypto currency market is a complex issue that can have a far reaching consequences. If the government imposes a strict regulations or bans crypto currencies altogether, it will cause a drop in the value of crypto currencies and lead to many companies and individuals having to shut down or move to other countries. If the government adopts a more favorable stance towards crypto currencies, it could lead to increased adoption, investment and innovation in the crypto currency market.

This actually isn't the first time this kind of conflict is coming up. Government in some country have been having conflict with crypto and have even outrightly place a partial of full ban on it in their country, but despite all of that, crypto is still and will continue to thrive.

I think you are overthinking. The government really does not have much control over crypto but they rather use the power on the people to coax them into not using crypto or put crypto in a negative light. However you can continue to use crypto as you wish. Just that the conversion of Fiat and crypto and spending of crypto might become difficult. Still what I have seen governments are diplomatic and they rarely do something that makes the common people go completely against, rather they will try to get taxes from the people.

Exactly. Governments can't shut down crypto due to the way it's designed. But they can pressure people to stop using them for good. The person ultimately decides if he/she wants to use crypto or not. In countries where it's illegal to use crypto, one must be aware of the consequences of doing so. By following the necessary safety measures, you could help avoid getting flagged by the government. What really matters is that crypto stays decentralized and censorship-resistant forever. As long as the community keeps it that way, we should have nothing to worry about.

Ultimately, crypto will end up being regulated all across the world. That's because governments wouldn't want to miss the huge taxation benefits this nascent industry provides. Who knows if this will take crypto all the way to "Mars"? Just my thoughts ;D

since long ago state government and crypto they are both very difficult people to get along with. they are always in conflict because they have their own financial system. traditional banks with full support from the government, while crypto relies on people power as financial freedom that cannot be carried out by banks. I think even now they haven't had a solution to go hand in hand. instead the banks are taking blockchain and maybe they should get rid of crypto.

I'm sure government and crypto are always at odds, that's very natural. because crypto offers us financial freedom while making it very difficult for the government of a country to regulate the entry and exit of finances according to what they regulate. but I heard that some countries have legalized crypto at length, some have actually banned it. I think this is a kind of thing that the government still can't accept.

That is basically shutting down bitcoin if you think about it. I am not saying that it will not be possible to use it, but if all governments all around the world banned using or owning or trading all together then we are going to end up with something terrible and the price of bitcoin will drop down to incredible lows.

However, I do not think that it will happen, I believe that we are going to see the price stay the way it is right now and the movement will not change much. I think most nations look at it decently and we are not at a bad place at this moment .I understand that some people think that it is going to change much but I do not agree to that at all, it is really going to be a different situation to begin with and governments will be more and more open to it.

The US government needs to reconsider its approach to the cryptocurrency market. Cryptocurrency is a promising and innovative technology that can benefit the economy and society, but it also requires some regulation and oversight to prevent fraud and abuse.

Crypto is the future of money and innovation and the govt. should support the people involved in crypto because we deserve respect and support, not threats and sanctions.

Well, this rivalry will continue for decades to come since central authorities wouldn't give up their throne and will keep fighting against cryptocurrencies so that they can stay on top of them, and people keep using their services for financial activities and they keep monitoring their activities to know how and where the money is being spent.

If they could, they would probably ban cryptocurrencies and halt their usage forever but since they know it's not possible, they will keep trying to regulate it and make it run the way they want it to otherwise they will impose closure of services, etc.

I agree with this. The government under no circumstances will be able to kill crypto in this case even if they use their power to block things like that it won't really have much effect. They are aware of that, so they are looking for other conditions in a way that weakens them, even though they cannot stem it as a whole, but they can still weaken it in several ways, such as mobilizing several media outlets for bad news about crypto and so on.
This will not really affect those of us who already believe in crypto and are in it, but it will be a different story when it is given to ordinary people who of course will have a bad mindset from the start.

I don't understand why this is happening,  crypto and banks have different products and different functions. fiat currency is a product of banks and bitcoin and altcoins are products of crypto. fiat money and crypto currency have different functions, fiat money is used for payment and crypto currency is used for investment.

You've said it yourself. This will be an ever-lasting battle between between crypto and mainstream governments. There's nothing we can do about it other than to keep fighting for privacy and freedom. Despite the volatility, crypto is better than Fiat because of its decentralized and censorship-resistant design. That's the main reason why governments hate it. On one hand, they want to tax crypto-related transactions. But on the other hand, they want to ban it.

The US has taken an aggressive stance against crypto mainly because of the FTX collapse and concerns about using the tech to avoid sanctions. That, and also the fact that the country doesn't want crypto to overtake the US Dollar in the future. Expect other countries to do the same to protect their dominance/control over people and the economy.

Governments won't be able to shut down crypto, but they will be able to reduce its dominance by targeting centralized exchanges and service providers. This will "cripple" crypto's ability to replace Fiat in the future. I'm fine with that as long as crypto works as intended. Just my opinion :)

It is no wonder that the US Government and the cryptocurrency market often have a significant impact on prices because the United States is the only mecca in running the biggest economic activities as well as inflows of investor funds. And when the US government does not give permission more freely regarding the rules and laws of cryptocurrency then during that time the stability of the crypto market will experience an impact. Thus the formation of the SEC tries to represent the voices and ideas of the government to provide a way even though in the end the SEC's position is unfavorable. Not a few exchanges have been sued many times and I think the SEC's intentions are being unfriendly.

There will always be this kind of threat from government on cryptocurrency especially the altcoins because they are centralized which that alone subject them to regulations under government, there's also much ongoing scam related activities associated with these cryptocurrencies except for bitcoin, why they can not be a threat to the bitcoin network in cryptocurrency is because bitcoin is already decentralized from day, they can't regulate anything about bitcoin unlike other cryptocurrencies.

indeed many governments are against crypto in their countries, but there are still very many governments that even support crypto in their own countries, after all, I don't think the government can completely ban crypto in their countries

First of all, the reason for such a decision by the United States may be that the country is not able to properly regulate cryptocurrencies. Since cryptocurrencies are out of their control and people are using cryptocurrencies a lot, their countries may be missing out on huge amounts of tax. And I saw a report that revealed that a large number of people are converting their money into Bitcoin. And it is also said that many people have bought bitcoins with their black money, maybe the US government is going to take such a decision considering these things.

The process of further regulation of cryptocurrencies by states is inevitable, but it will be very complex and lengthy, since the states have not yet finally decided how to treat it.
The situation with cryptocurrency in China is very difficult, since the ban was only from the People's Bank of China. The government and legislators of China, as far as I know, have not issued any bans on cryptocurrencies. Therefore, there the cryptocurrency can still walk relatively freely.
Regulation has both positive and negative effects on cryptocurrencies. It all depends on how reasonable it will be.

Cryptocurrency industries market has come to stay in difference countries, which government can't stop crypto but rather look for to implement transaction fees charge's to crypto users through local bank transaction, and that was one of the one major reason government is against crypto, by taken necessary action not to buy or sell directly from government approved local bank, but rather peer to peer p2p transaction has make it more easier for crypto trader, Let know that government can't stop crypto as long the internet exist.

And it will still remain like that in the few next decades, we don't know what will happen down the road, there might be a chance, but I don't really think that there will be a point in the future that the government will support 100% the cryptocurrencies especially the bitcoin where they have no direct control because it is a decentralized crypto. Thus, conflict will remain and we don't have to worry about it because bitcoin is quite untouchable.

This is not new this has been going on since Bitcoin came into existence but we are still winning, there's a lot of struggle but the community keeps holding on and many of those who are adopting Cryptocurrency are big people and this is what makes adoption easy, and this what makes the government action limited, especially to democratic countries, after ten years only the ultra communist and totalitarian countries are not yet adopting Cryptocurrency, but they will soon be.

Cryptocurrency users are increasing from various countries even though country regulations still prohibit the use of crypto, the important point is that any regulation cannot prohibit the right of people to choose to use kirpto and they will not be able to detect crypto users in that country, there are always ways to transact in crypto trading and even withdrawals with p2p, so the crypto community is getting bigger even though the government has not allowed the use of kirpto for any purpose.

You seem to be thinking too much about this issue. The relationship between traditional financial systems, governments, and cryptocurrencies is indeed complex and adversarial. The power of cryptocurrencies gives citizens transparency and financial freedom, while banks and government-backed financial systems want to control people their way. So the problem has persisted until now, and no suitable solution has been given. Everyone wants to be the winner, and it is very difficult to eliminate the opponent, so it is better to put this problem aside and focus on something else.

it is this important point that keeps cryptocurrencies growing from time to time, even though the government has not allowed it. but unfortunately the government recommends KYC for local exchangers, and of course there is a tax that must be adhered to for state income. but even though experiencing the global economic crisis this did not seem to have a major impact on the development of cryptocurrency, instead more people took advantage of the price decline to invest

The government are really pushing hard to regulate the crypto industry which for me is a good thing and I believe the moment crypto industry is properly regulated, more people will join the crypto industry and it will become a win win situation, with the way crypto is setup, Governments are not comfortable with it, Governments wants proper monitoring of cryptos holders, to know their KYC and what they Hold and what they spend their money on, that's they can prevent, money lundering and other negative things people do with money.

I feel like world governments were going to be lot more kind to crypto businesses. Global economic crisis hit governments hard so pro-crypto-regulation people are sort of silenced. Instead we started to see anti-crypto politicians more. Blaming everything on Bitcoin and crypto is a lie that everyone knows. Making governments or even law people believe crypto is actually nice thing will take long time sadly. I think American government handles it okay tho.

It is true that If us banned crypto currency then it will put affect on mamy centralized exchange and some tokens project and it will cause a market to crash. This crash will not for long term because They have no power upon dex exchange and token project. China banned crypto and we seen short term crash of Market but now crypto market is looking more stronger then before which shows that no one can stop devolping of crypto.

we should be positive and don't be panic from these news as they can only legalize in their own country and if we talk about whole crypto, then crypto will remain the same and will process im Decentralized way.

Correct. the cryptocurrency market faces increasing challenges from time to time and if I look at the developments from the news media that Bank of America predicts limited profits and the US Treasury is exploring potential payment delays. With fading confidence, limited catalysts, and comparisons to previous years' performance, the future of cryptocurrencies hangs in the balance, leaving investors and enthusiasts eagerly awaiting the next turn of events.

The digital currency landscape is entering an important phase. Will it be a temporary setback or turning point in the trajectory of the digital financial system? Only time will tell what the answers lie in this captivating field of innovation and uncertainty.

The US will do everything in its power to protect the USD's status as the reserve currency of the world. It's said that some countries' decision to move away from the USD has led the US government to take hostile action against the crypto industry. That, and also the fact that the FTX collapse made many politicians furious. Don't be surprised if other governments do the same to reduce crypto's dominance over the mainstream economy. After all, they don't want something decentralized to empower people to be their own bank.

This will be an ever-lasting battle between governments, banks, and crypto alike. We need to preserve decentralization and censorship-resistance at all costs. Only then, crypto will be able to survive a lifetime. Who knows if it ultimately beats Fiat for good? Just my thoughts ;D

Kinda doubt that. Totalitarian countries might just consider creating their own digital coin to avoid having to deal with decentralization. To be fair, democratic countries had been taxing cryptos for a while now and that could be the least thing they could do to at least regulate crypto especially Bitcoin.

Bans still happen to some countries for various reasons and at the same time, they thought that paper money is the only solution to avoid money laundering, lol.

This kinda reminds me of those days when panic selling were like surging. Seeing the market crash just like that back in 2018-2019, just makes me think that even if crypto gets banned worldwide, people will still look for ways to still get into crypto.

This wouldn’t be so what you are thinking. If Government takes  action against crypto, then their economic status will also be affected. Government always wanted to control crypto but banning crypto wouldn’t let them fulfill their dream of controlling. Rather they could ask centralized Currencies to cooperate with them by following their regulations. Shutting down company or shifting somewhere else, is over thinking but if company can make profit through shifting themself, then they'll definitely do

crypto is still banned in almost several countries. There are some countries that ban it for several days and declare it legal for several days. But I think after a few years crypto will be declared legal in all countries. But now crypto is in the state.  It seems that crypto will go to a better state. People of almost all countries are getting many opportunities through crypto.

The relationship between the US government and the cryptocurrency market is complex and evolving. Regulatory measures and policy decisions can have significant impacts on the industry. It is important for individuals and businesses to stay informed about any potential conflicts or changes in regulations and adapt accordingly. The outcome of this ongoing interaction will undoubtedly shape the future of cryptocurrency, and it's crucial to monitor developments and make informed decisions based on the evolving landscape.

Actually there is nothing US government or any other government from other countries can do against cryptocurrencies, because they work in a decentralized format out of governments' control. Authorities can impose how many bans they want on crypto, and their citizens will still use and invest on it, like we have been seeing in China, Egypt, Bolivia and other countries where crypto is illegal.

To deal with crypto is already part of the daily and private routine of many people around the world. It can't be stopped anymore and governments aren't fool: they know about that! So why to start a conflict for something that is out of their control and that can't be solved as they desire? Of course they will go through the diplomatic route.

Regulations are coming and soon DeFi will require KYC. Only a couple blockchains have Digital ID infrastructure ready right now to comply and billions of dollars will rush into these cryptos: Internet Computer, Polygon, Q Blockchain.

Yes, today in America there are not very good conditions for cryptocurrencies, they have constant courts and proceedings there and this does not play into the hands of the crypto industry, I think that all this will end up not the best side for the crypto industry, that is, the government will definitely push the crypto industry, but what will these guys do not know how to sit on a chair

Such processes are ongoing since crypto was born and still govt. trying to have the controll over it. Besides Crypto is legal in so many countries till now but i agree most of influencer countries implicitly banned crypto.

of it will be. Crypto may banned but people from almost all country using crypto and keep involving with it nowadays. So is hard to stop crypto by banning rather it will archive next level success as you said

for the long term it may not have an effect because crypto can recover but for the short term it may be very influential because America is the owner of the strongest currency at the moment, namely USD. this kind of conflict is common, there must be a time when this conflict will subside and crypto starts to recover and grow again.

As it's said in the real world, "if you can't beat them, join them". Governments already noticed their efforts to take down crypto/Blockchain tech are futile. So they'd have no other choice but to join the revolution. The most likely case would be giving the "green light" for anyone to use crypto as long as taxes are paid in return. Everybody wins this way.

I think even oppressive governments like China and Russia will change their mind and adopt decentralized cryptocurrencies for their own benefit. China already took a step forward by choosing Hong Kong as the next epicenter of crypto/Blockchain tech. It's seeking the investment of prominent crypto companies and startups within the region. Maybe Russia will do something similar in the long run? Whatever happens, you can rest assured crypto won't be going anywhere soon. It's here to stay forever. Who knows if it lives alongside digital Fiat currencies (CBDCs) for generations? Just my opinion :)

I think thats normal action because most people investing in crypto just wanna to invest in shitcoins then they hope to catch the wave at the top and use other peoples money as liquidity.
No one expects MEME coins to be useful longterm, they are created exactly like a casino, people pool the money in and the lucky ones share the winnings.

broadly speaking, there is indeed an influence, although not significant for the future development of cryptocurrency. Economic issues that occur in the world will have an impact on the development of cryptocurrency, even if it is only temporary or has a small impact, as is the case in the US. however, we as investors have no influence on activities in crypto, if the price goes down then that is an opportunity, because indeed crypto is a means of making money at this time, even though basically it is also a currency

I agree. Crypto is not going anywhere. In fact, it's gaining more traction and legitimacy each day. Governments, regardless of their initial stance, will eventually realize the potential economic and technological advantages of embracing cryptocurrencies. It's an exciting time to be a part of this revolution, and I'm optimistic about the future of crypto alongside digital fiat currencies."

I have a feeling the reason why there is a sudden hostility against Crypto is because of the large decline of US based crypto companies, FTX in particular,  US wants to be number in every space and want to be the one dictating the terms and conditions but it is not so, Binance is the Ultimate in this space and I have a feeling they don't like it, Tether also is being victimized while USDC was given a free ride, just looked at what happens to BUSD for no reason while USDC was not affected in any form, both being a US based company but what is the sin of BUSD, it was branded as Binance Stable coin when people talk about Government, it is the people behind this organs of government that are bad

in 2017 China banned Bitcoin and Bitcoin could reach $26k, and in 2023 China legalized Bitcoin and crypto currency of course this will be very strong bullish,
because the marketcap of a big country like China will enter the crypto market, yes this indicates that the government has supports Bitcoin and cryptocurrencies,
but some countries still haven't legalized it, it just takes time for that to happen.

In other countries, such as Japan and Switzerland, cryptocurrency adoption has been received more openly. They have issued clear regulations to facilitate the growth and development of the cryptocurrency market in their countries and there are also countries that prohibit or restrict cryptocurrencies, such as China which has banned exchange activities and Initial Coin Offerings (ICOs).

However, when viewed as a whole, government actions against cryptocurrencies are still very diverse. The sustainability and future of cryptocurrencies is greatly influenced by how governments and markets can strike the right balance between necessary regulation and supporting market innovation and growth.

yes, it's a shame that the US really doesn't like cryptocurrencies even though many large countries are currently competing to adopt cryptocurrencies,
China, Russia and Thailand are countries that are very friendly to crypto currency users,
of course if the US bans currency crypto money maybe it will become a weapon that can destroy themselves,
we'll see in the future whether they change their minds?

Man, that is quite a bold statement. In Mother Russia they use to say: "don't you dare to ask what country may do for you, better think how much you owe to your country's supreme leader!" ;D
Watching a few TV Business Channels broadcasting from the US only I see bitcoin ratings alongside US Dollar and main Top Exchange markers. Which shows relation towards crypto from business society in US only. Don't trust my words - see for yourself!

In my opinion, it doesn't matter if the project from the US moves to another country that is open to cryptocurrencies,
because in the US crypto has really become very tight and even XRP has to face the SEC to operate again,
yes, if it has to be like that then China can become a place for projects in the US if they want to move,
because China has legalized Bitcoin and cryptocurrency starting June 1st 2023.

https://cointelegraph.com/news/binance-to-delist-privacy-tokens-in-france-italy-spain-and-poland

Most government of nations are having conflicts with cryptocurrency companies because cryptocurrency is offering the flexibility that they fear would reduce their power and operations towards the citizens of their country. The fact that fiat would be unfashionable is scary to government and they're trying as much as possible to clamp down on cryptocurrency calling cryptocurrency scam. In all their allegations and effort, cryptocurrency is still Striving and would keep striving.

I'm personally not surprised when I hear of government having conflicts with cryptocurrency related companies. The issue is that the government needs to start thinking differently. They should devise means of taking advantage of the cryptocurrency industry and getting taxes or something beneficial from cryptocurrency companies instead of conflicts.

It's like a competition. The countries who adopt crypto/Blockchain tech first  will be the ones ahead of the others. Crypto/Blockchain tech has become too big to fail and can't be avoided by mainstream governments. Even China considered turning Hong Kong into the next crypto hub. I think Russia will change its mind soon, especially when its economy is crippling because of the sanctions. We might live in a future where every country will accept crypto/Blockchain tech with open arms as long as taxes are paid in return. At least, that's the dream every crypto enthusiast has.

The industry must work together with mainstream governments to ensure a sustainable growth for both parties. With how things have been progressing lately (despite the US taking an aggressive approach towards crypto/Blockchain tech), I'm confident crypto will live alongside Fiat currencies for generations. Just my thoughts ;D

Yes, all those big super nations will adjust on how they will work with crypto, with the emerging growth of people who are now willing to take the risk and step into investing with this channel, I see that even those big nations will have no choice but to try not to suppress but find ways to make sure that they will have a good advantages and make a good use of this market.

They need to adjust and let the technology continue to develop. We will continue to see crypto working alongside with fiat currencies just like what you said.

Each country will have a different approach to cryptocurrencies, and some have been more open to them than others. Although the US really does not like and is trying to oppose cryptocurrencies, over time many countries will realize the great potential that cryptocurrencies bring and try to join this game. The US will only outperform other economies. So let's see how they will view this issue as the cryptocurrency boom expands.

The US wants to protect the USD, so it's in its best interests to treat crypto with an "iron fist". I wouldn't be surprised if other countries do the same, albeit for a short period of time. Once they realize crypto can't be stopped, they will have no choice but to fully embrace it with open arms. This is only the beginning of a long journey for the crypto/Blockchain industry.

It's a good thing most cryptocurrencies are decentralized, or mainstream governments would've destroyed them already. I have a feeling every country in the world will adopt crypto as long as taxes are paid in return. We can't predict the future, so let's hope for the best. Just my opinion :)

I agree that the US government and the cryptocurrency market are facing a lot of challenges and uncertainties. I think the government should adopt a more balanced and supportive approach towards cryptocurrency, rather than trying to stifle it or regulate it too harshly.

It's really old talking because my country has also this problem for not legal crypto currency. We are crypto user but everything is hide in our life even no others ways to use crypto. I only enjoy profits from crypto and sell local people. Not control plan in crypto that's why government won't support.

The US is indeed very strict for cryptocurrencies, even there before the election, many people there require election candidates to support Bitcoin,
but that is a difficult thing because indeed the approval of cryptocurrencies there must be with the SEC as well,
especially since the SEC currently still hates crypto currency, I remember how the representatives of Ethereum were asked by members of the SEC and they were absolutely nuts.

Any government wants to regulate the financial market. This is expected since state control has long been introduced into the field of ordinary electronic money and transactions. If the crypto market were used only for good purposes, then any country would like to have control over it or partial influence. Now it is not a problem to track any transaction in the crypt, this is what scares no less than state control. And of course, not everyone wants to pay taxes based on their earnings. But we forget that we use the resources of the country, and therefore we must pay. Even electricity is banal. Therefore, one must come to terms with state control in the world of crypt. It is bad that this contradicts the original idea of ​ ​ the crypto of the world, which was created by Satoshi Nakamoto.

The crypto industry highlighted a number of US government policies that were considered too restrictive for them. Is there a possibility to move crypto out of the US?

Cause crypto means less money in their greedy pockets. They would not have any issue with crypto if they already controlled and regulated it. Governments rule on credit -> Banks give credit -> Banks against crypto.

If the OP meant XRP, I think that's one good example. But I'm not defending the government and I think the government also has the right in terms of oversight to protect the rights of consumers, especially citizens in particular and other users in general. Only. My hope here is the importance of good coordination between Investors, Traders, Financial Institutions, Regulatory Bodies and the government to make this crypto space an invited guest as well and it needs to not become a crossroads for other financial institutions so that people can choose. Which one is the easiest to use and the safest. Yesterday's incident is an example as you posted, Government is taking policy again towards crypto space.

They might not shut down, they will likely move to a crypto friendly countries, seriously SEC is hurting the investors with their actions and inactions, Many people lose their money because of the news, my investment decreased a lot because of the news, I think they should either leave crypto alone or develop rules and regulations, these crypto companies are willing to abide 

its been since day one the governance always fight against crypto and they never won. they only will always scared people and holding new comers to come in to crypto world. but every cycle they will lose again. watch and screen shoot this. another thing i understand now is " this is why satoshi nakamoto hiding. look at BNB dump when binance and CZ sued by SEC.

You're correct that governments around the world are increasingly interested in regulating the crypto industry. While the specific approaches may vary from country to country, many governments are recognizing the need for regulatory frameworks to address concerns related to financial security, consumer protection, money laundering, tax evasion, and other illicit activities.

Exactly. That's the plan. Regulate and control crypto to limit its ability to cripple Fiat currencies in the future. This way, both governments and central banks win. Crypto will stay decentralized, but it will never be able to replace Fiat. The majority doesn't care as they're only into crypto because of the money. Not because they believe in it.

At least, we know crypto can't be stopped no matter what. This is only the beginning, so hold on tight as this is going to be a wild ride. Who knows if getting in early would make you filthy rich in the future? Just my thoughts ;D

I know it was not the government that hates crypto but those greedy and corrupt people that are in the position as they can no longer get any benefits from crypto holders. But yes, no matter what they do, it can never stop crypto nor it will discourage people not to invest in crypto as indeed they need freedom.

I think the government should give up on hunting crypto instead, help it grow, and support the wants of the people. Maybe this would be the best way to help their countrymen to live comfortably and increase financial stability.

This is a very tense situation for the crypto industry and its supporters. I hope the US government will be reasonable and fair in regulating this new technology, and not stifle innovation and freedom.

The government will not try to make people's lives more comfortable and financially educated or independent. The government exists at the expense of the citizens and tries to regulate them. Cryptocurrencies give people freedom and, in a sense, financial independence, which is contrary to the principles of the government. Especially since CBDC technology will be introduced in the near future. Probably the pressure on cryptocurrencies will only increase.

indeed there will always be a dilemma when the government intervenes too much in the crypto industry if previously it has provided freedom. although maybe this could be for the government's goal of getting something it wants but has not yet fulfilled, by wanting to regulate all these technological developments, it is certain that excessive intervention will result in resistance which can also be detrimental.

Because of the US government's war on crypto, many companies will be forced to leave the United States, many of which are heading to the Emirates.

In my opinion this is much better for Crypto. We want to get rid of the control of the dollar and the control of the US government.

I think they don't want to intervene in the growth of the crypto industry but for them is to control it so they can generate income from every holder and investor. But they fail to do it (maybe for now) but their battle continues until they'll get what they wanted to happen. Gonna expect the worse? that seems impossible of they are desperate enough to use their power in order for the community to agree with it.

In fact, they are implementing strict rules and regulations in some countries and we already see some people suffering KYC mandatory.

Yeah, I agree with the way they are trying to make money out of this market. They are not willing to let their citizens simply earn without paying any responsibility. I mean taxes. They don't want to allow that to happen. They will do everything in their power to make sure that they will get the share from those who are earning from this form of investment.

Governments always find ways. If they fail once, they will not stop till they get what they want.

Not all governments do things like that, big countries like China and Russia now know that the benefits of Bitcoin for government are enormous,
even these two countries have legalized crypto currency, it's just that the US still can't legalize it, maybe because of the SEC,
I don't know for sure Bitcoin will be the future money of the world.

The fight between government and cryptocurrency may not end just as you've said because there are alot of crypto projects disgusting to the eye taking away people's investment which is very discouraging, this alone is what government can use as a strong point against cryptocurrency to always keep to tackling it, but I don't see these ending soon as long as there will always be newly introduced cryptocurrencies then the government will always keep to attack the digital technology since it is not their own CBDC.

true, the government was only concerned with the people who were in power at that time, with policies that were sometimes not in accordance with the state of society so that it was too burdensome for the people,
here crypto can help people improve financially but who knows how long?
because I'm afraid that crypto will lead to a monopoly on whales, small crypto owners will only be spectators like fiat

It’s a bit like the Gold Reserve Act of 1934, the US banned all citizens from owning gold. We’re not at a crypto banning stage at the moment but the US is starting to become hostile. They can’t stop bitcoin though & I think that’s why they didn’t come for it, they only came for securities. To try & ban bitcoin would make them look weak because they can’t do it. Bitcoin & many other coins will continue to flourish despite the US authorities best efforts to stifle innovation.

I think the Governments being involved in cryptocurrencies and trying to make some changes was still a form of intervention. We crypto users never demands them to control it but we are already happy and contented on what currently crypto is offering to us. You are also wrong, when you say that; they join here only to get a cut or to earn a profit from the crypto users. They did exchanged it with a service. They can give us some kind of a protection from those cyber criminals.

If the Governments forced us, well what can we do? Nothing, but it's better to follow them than to make them more angry and decide to ban crypto. I guess that is more worse?

They should've "banned" crypto within the early days. At least, when BTC had a smaller community behind it. Now it's too late to do anything about it. Either governments embrace crypto or be left behind in the dust. You can bet there will be strong opposition against banning all citizens from owning cryptocurrencies. That's because there's a lot of money invested in this industry.

Some politicians are even in the game, so it's safe to say crypto will be here to stay no matter what. That is if the community is able to protect decentralization and censorship-resistance. The moment BTC becomes centralized, will be the beginning of the end for the crypto/Blockchain industry. Who knows what will happen in the future? Just my opinion :)

Oh well this is just another one of those big FUD days you know? Good time to short and buy low when you are doing DCA with BTC or ETH.

Let them be. Maybe we’re still in a big storm but it will come to pass. If the US are so strict regarding crypto, then Asia is wide open and the US SEC has nothing to do about it nor having the jurisdiction to stop these companies from operating elsewhere. 

Or maybe the US SEC boys out there are just doing it on purpose to manipulate the market and buy when the everything calms down. Hmmmm……

So where can I find news that contains China and Russia legalizing bitcoin?
Bitcoin to be the world's future currency? i think it's impossible. The 3 big countries you mentioned namely America, Russia and China will never let this happen. America wants the USD to remain the strongest currency but Russia, China and 3 other countries that are members of the BRICH want to create a counter currency for the USD.

I consider US as crypto house. Leaving from US meant leaving from billions dollars of money. that's bad for US. Even thought there are pros and cons about the allegations from SEC but to be honest if most of companies in crypto were unregistered companies.

that's the truth

This is not a new news, we have been noticing this news for a long time.  Such news about Bitcoin will continue.  Every country has been criticizing Bitcoin for a long time.  I think the US government wants to fully control the crypto market, but unfortunately the government can never fully control the crypto market.  Cryptocurrencies are illegal in the country where I live too but that doesn't matter, also many people are using it and I am using myself.  Apart from this, it is valid in different countries.  Not only the US government, but many other countries are also speaking out against Bitcoin. However, I think the US government's relationship with the cryptocurrency market has become complicated and they are more concerned about cryptocurrency since many government actions and comments have affected the sector.

The crusade against crypto is really happening by regulators, and that is spreading a lot of fear, doubt and uncertainty among investors. But as you said, it's just another opportunity to buy cheap BTC and I still hope prices crash more yet before they start rising again in crypto market.

Who knows if it's the last opportunity we have before the big bullish run which may start next. When there are several attempts to crash prices and spread negativity about cryptocurrencies in short time-frames, I smell something good is about to happen, because where some see a crisis, speculators see profit opportunities... It has been like this since the beginning in this industry.

It may be nothing more than just drama to keep away as much people from crypto as possible. I bet the US and other countries are secretly buying, while they criticize the industry in public. We should not be fooled by governments' propaganda against crypto by doing our own research about it. This is the future of money, even though things seem bleak right now. By buying crypto, you're essentially buying a piece of freedom.

In the worst case scenario when most (if not all) of the world's governments ban crypto, we could use other methods to gain access to it. That's thanks to the decentralized nature of crypto/Blockchain tech. Projects that are centralized will ultimately die, as they will be unable to resist government oppression. Who knows where the future will lead us? Just my thoughts ;D

We are not sure yet but can't neglect such speculation knowing that manipulators will find their way to take advantage of the situation as when FUDs and Uncertainly spread it drives the market trend to decline and then buy more Bitcoin. And I believe in such possibilities because that is what we experience in the past market correction before the bull season comes and it is possible to happen again. And this market drama seems getting wild and more of these things to hear for sure once the bull season is coming.

More precisely, it is an agency within the government that fights cryptocurrencies. As has been the case with the SEC in recent weeks. I have read several articles saying that the SEC has won against Binance so Binance should get out of America. It dealt a huge blow to us. I hope Binance can recover so that the market can return to normal.

Cryptocurrency is a big threat to some government budgets, they out rule the regulations and functions of Cryptocurrency for reasons best known to them. How would a government imposed strict rules on Cryptocurrency simply because it's citizens are acquainted with the entire crypto space and they're making cool money from it. The US government, and other countries prohibits Cryptocurrency, the whole idea is just terrible, for those working from the comfort of their home just been online, Wil starts finding difficulties in their perspective areas

There's always those manipulators on which it would really be that impossible that there would be no one would really be taking up some advantage via making these kind of actions which it would really be resulting into some market some significant effect basing up on what they do plan. We know that government does really love to involved on things and they do really love on being that one step ahead as always. Its never been that so shocking with this kind of situation because we dont know on what are those intentions behind of those decisions had been made. Going against? not that shocking because we know that crypto
do make out that anonymous transactions and something that cant really be taxed and this is why they do really hate it up.Although there are some places on the world on having those recognitions
about this.

Cryptocurrency has been a Big trait to government, for them to have control over it, but crypto trading and investment is designed beyond anyone to control it, accept the News impact that makes it the move up or down, in the sense of the volatile of the market, in other words government can not stop cryptocurrency, as long the internet exist and Bitcoin and other alt-coins has been created to solve problem in the financial sectors. Rather government has nothing but to implement tasks giving to cryptocurrency users.

The entire market conditions seem to be influenced by external factors which beyond our control. While we can blame the situation to the US government and their recent actions. In light of the current situation, it's good to keep in mind that in past lots of action taken but, the crypto market has consistently demonstrated its resilience. In the event if the US economy takes a dumps, then crypto market won't react we desire. That's why it's important to exercise caution and put in money that you can't afford to lose. Here, I'm trying to say is be ready for anything.

Government's action might affects the mindsets of each individual who invest to this assets, we can't remove that, and it's a
very important reminder, knowing how the situation can turn to and knowing the amount of allocated investment, the money that you are willing to let go in case that it won't take the way we project it. The more pressure you have the bigger fear you will feel when you see that the market is not moving according to your plan.

Make sure that you analyze and assess before you put your investment, it will save you a lot as you consider how it going
to proceed and you are willing to hold and wait till it generate for possible benefits.

there is still no sign of bullish movement as the market is still heating up. I also still monitor and occasionally take advantage of any price fluctuations on the fly. traded futures to make quick profits as the selling pressure was strong when the news about Binance vs SEC first broke. Fear and doubt among investors have really become a terror because regulators have been giving strict rules lately

true, it could be that the government is on a power-hungry mission to be able to take over crypto but it seems difficult, people will not be stupid for such an idea that looks wise but only to satisfy their own pockets. many years many people have understood the crypto world to get money from crypto airdrops and other things, the government is still thinking hard to be able to control it will only waste their money

China also tired that before but anything happened? After that, cryptocurrency continuously hit so many ath. So there's nothing to worry at all. If  that happened, then there are many ways to continue using crypto. It won't possible for government to stop using cryptocurrency  permanently even making  ban/doing restrictions on it. Cryptocurrency plays significant role for world economy and it is really need to take fair step to make it easier

Governments just want to instill fear with their propaganda and misinformation against crypto. After all, they don't want people to experience true financial freedom. Turns out, the tables have turned as people are beginning to lose trust in the current banking system powered by Fiat. You can see how BTC and other cryptocurrencies continue to rise even when some countries banned them (like China and Russia). What China did was force miners to move away to another crypto-friendly country. Not destroy BTC altogether.

The Chinese government already recognized the impact crypto/Blockchain tech is having worldwide, leaving it with no other choice but to embrace the revolution through Hong Kong. Even Russia is considering opening its doors to crypto. It's likely most governments will accept crypto as an alternative to Fiat by imposing taxes on each transaction. Who knows if crypto ends up replacing Fiat in the distant future? Just my thoughts ;D

It was then created a fud and the value recover back and reached a new high, in terms of government actions we really can't deny that they are trying to control this market, but like what you said there's nothing that the government can do, in completely stop crypto it already reached wider connection to both investors and traders.

We will see those effects when the government will try to move aggressively, but for the real supporters and believers, it will be a go signal
to continue supporting and holding their positions about what they know will benefit them.

You are absolutely right that governments often use various propaganda to create fear and panic among the people.Governments never want people to be independent and own capital.Many people are investing mostly in cryptocurrencies instead of keeping money in banks,and these things are not liked by the governments and the banking sector at all.Governments believe that people's money should be in the custody of the government.

But it is also true that the cryptocurrency market or bitcoin is not under the control of any government and they can never control the cryptocurrency market so easily.So I think the cryptocurrency market and Bitcoin will grow further in the coming years and many countries will also support the cryptocurrency market.

The funny thing is that crypto will lead to government's actually increasing their control of our monetary systems. I know crypto boasts wanting to do the opposite of this but it is helping the governments to usher in a new age of shittiness.

Very old talking because there are many country who doesn’t accepted crypto legal even same like in my country banned crypto currency. I have been face many problem, when i sold crypto and taken my country assets. There are no any option to buy online shopping by using crypto currency.

Not only in shopping, but by using cryptocurrency we can solve many difficult things very easily. However, many countries around the world, heads of state have been opposing the use of crypto currency for a long time. I saw it through social media a few days ago. A state minister of our country has discussed the issue of cryptocurrency legalization. It is not yet known how much this discussion has been acceptable to the government of our country. As a cryptocurrency user I can say that. People's lives have become much easier with the use of cryptocurrency

Governments will allow people to buy/sell crypto but only for taxation purposes. There will be too many restrictions in place to prevent crypto from achieving its full potential. On one hand, governments are supporting crypto for taxation purposes, and on the other hand, they're trying to minimize its influence with their propaganda and misinformation. Even some governments have gone as far as making crypto illegal.

Crypto is decentralized, so government actions against it wouldn't matter. They can't stop the revolution no matter how hard they try. A full blanket ban will only affect crypto market prices and its exposure to mainstream investors. But blockchain networks will keep running along as usual. With how far crypto has gone (14 years), it's safe to say it'll last for generations. Just my opinion :)

Yes, China government has banned crypto trading and mining for many reasons. actually until now cypto is still developing and advancing, so don't worry too much, the most negative impact is the price in the declining market which is called the bear season. But it's also good if the government participates in supervising and helping to reduce fraud and protect real investors with legal protection so that no party is harmed, maybe that's my hope

Truth be told for crypto to go full adoption, it must be properly regulated by the government, this will help the ecosystem to be safe and secure, If there is no regulation, people will suffer the consequences and government have rights to protect their citizens, but what i don't like is the approach they are using in fight the industries, a responsible government that cares for their citizens will dialogue and find a lasting solution and provide a clear guideline crypto should follow, I believe we will get to that point some day.   

Without their support, people remain doubtful and have less adoption. Indeed, we need regulations and rule to follow as this will minimize scam and fraud but some people don't understand it instead, they're thinking that the Government is an enemy and against crypto existence. There is a good reason why they implementing this but we can't also ignore the possibility that some government officials will take advantage of the situation and impose huge taxes which is also a reason why some investors do want their participation.

Regulation of cryptocurrency allows to attract money in the economy of the country from cryptocurrency startups. Regulation protects the rights of investors and allows to develop cryptocurrency startups that are really necessary and useful for people.

Government action against cryptocurrencies varies from country to country. Some governments have adopted cryptocurrency and blockchain technology. They recognized the potential for this innovation and economic growth. Implemented regulations to build a transparent market to prevent money laundering to ensure consumer rights. And other governments have taken a more cautious and even hostile approach. Various restrictions and outright bans have been imposed on cryptocurrencies.

The sec and the us government do not have control of the whole world, in their part of the world they try to stem the expansion of crypto and to keep financial control to traditional banks but it is a losing fight and they know it

I think America is playing dirty against crypto. For example, China just banned crypto for a while, then created regulatory laws and first allowed it to be used in Hong Kong. And the US started an obscure interpretation about securities or not, which is almost 100 years old. Garry Gansler's face alone is not credible and I'm sure he made money from market manipulation.

I wonder what the government thinks about privacy coins and if they have any plans to do actions against them.

It's a huge game of chicken.  No way does the united States want to lag behind in the tech sector.  The crypto sector is only growing and if you aremt on board you will be left behind.  Especially with the tense geopolitical pressure in the world today, any edge is a good one.  No clue why any country would fade crypto at this point.

As you know, in this country, where Bali is located, cryptocurrencies have been legally established in the regulations here, but as a commodity asset, may be traded and made as an investment in the crypto market with the respective risks borne by the perpetrators. But indeed, crypto is not allowed to be used as a means of payment. Because the legal means of payment here is only Rupiah. And this has been going on for a very long time, not only in Bali but in all places in Indonesia. So the governor only obeys the regulations set by the central government. And so far it has developed very well, because what's more, there are various payment methods that are indeed applied here, so it's not just traditional payments with banknotes.

But still nothing beats out on what El Salvador did on which if we do speak about full acceptance then they are the ones who had made out the first decision on making Bitcoin as a legal tender.The rest might do able

to make out some adoption or recognition which is great but it would be more even great if they would really be doing on what El Salvador did but we know that there might be those places which are positive
about Bitcoins or cryptos existence but most of them would really be totally opposite of it on which ban and prohibition most of the time which it isnt surprising that they would really be having such approach.
Its not something new and we've seen tons of actions and movement been made about trying out to oppose its existence which its not shocking thing.

Good thing that recognition cant really be stopped despite of these bans and prohibitions but still this market do still shows up that progress that we are liking to see.

El Salvador is indeed a real example of Bitcoin adoption being carried out in a country. Their government has been studying how Bitcoin will be adopted and integrated into their economy. It's really been done. Other adoptions of course continue to develop over time, other countries are still conducting discussions and research whether it is needed or not.
Bans on the use of Bitcoin have become commonplace. Regulation only applies to the commodity sector and not entirely as a payment. Pros and cons regarding regulations still exist today. Mass adoption is still difficult to do. But see how the development of Bitcoin is getting faster. There are many new users or investors starting to enter.

They can all only stifle crypto, not kill it. In the end they will all have to bend the knee or get left behind by other, more forward thinking, innovative nations. The US has done its best to keep the ball pushed under water but in the end, just like with that scenario we all know what happens. Crypto is going to play a huge part in the future of finance whether governments like it or not.

Exactly. Crypto is like the Internet which can't be avoided. Either governments embrace crypto, or be left behind in the dust. You can see how China is reconsidering opening its arms to crypto/Blockchain tech through Hong Kong after a full blanket ban. Russia might change its stance next as it finds its economy crippled by Western sanctions.

If this keeps going on, we may find a world where crypto is legal in every country/region you could imagine. The US may be harsh against crypto, but I'm confident it will change its stance in the future due to pressure from investors, crypto exchanges, and companies alike. With how many years has passed since Bitcoin's inception, I think it's safe to say that decentralization has already won. Who knows if someday governments abandon Fiat currencies in favor of crypto? Just my thoughts ;D

We've seen China did make out that ban decision towards crypto and its true that now that they have been making that consideration because if they would really be deciding on isolating themselves on

whats new or innovations which had been created then they would really be finding themselves get left on the dust which is something that wont really be that appealing at all. If you do really mind off
on not to be get left behind then of course even if you do prefer out that kind on having no decentralization which would really be that totally opposing thing about governance but it would really be leaving you no choice but to deal up with something like this.Its never been something new that they would really be going against on something that cant be traced nor cant really be controlled.

This is why we do really see different inputs and recognitions towards it existence and we know that most of them would really be trying out to get rid of it as much as they could
but we can really be able to see that there were governments or places who do really take out such consideration on accepting it at least which does prove out
that government could really still have those reconsiderations.

I'll go with the possibilities that Russia will start reconsidering crypto, with how the western sanctions' affecting them they can resort to crypto, we never know if they already doing it, it might be possible that N.Korea, China and Russia are already doing it in exchange of what they needed and to stay being un-noticed they can use crypto as a channel for any transactions.

With such possibilities, the pressure from the US might change the direction of how they are seeing crypto, and like what you mentioned with the numbers of investors and traders, the chance is high to have a successful run.

It has previously been rumoured that a number of wallets on CoinBase are owned by government organizations. I think they are not lagging behind in the technological aspect, but on the contrary, they are keeping pace with the times. They just want to squeeze as big a piece out of this sweet pie as possible.

Not only us govt. but some others govt. are also against crypto industry as they don’t habe fully control of it. But thats not new matter of concern, such things are on the way since years and still nothing is happened. But sec SEC some companies for some policy violence reason which could be really matter of concern but i hope no such big issue will come which will aganist cryptocurrency.

Your interpretation of China’s stance on cryptocurrency is interesting, albeit overblown to some degree. China's "ban" is more about maintaining order than it is about rejecting new ideas. Like a library, when silence is preferred above quiet. In fact, although in a centralized manner, China is at the forefront of the investigation of digital currencies. DCEP is their own take on the concept and could be the first digital fiat currency ever created. It's not so much that they're against crypto as it is that they want to bend it to their will. While it's true that certain nations' governments are more receptive to crypto than others, every nation has its own special considerations to take into account. Some people prefer the salad, while others head straight for the desserts at the buffet. We must wait and see how the international crypto scene develops

As long the internet exist, government can't shut down cryptocurrency industries, but rather implement tasks and that is what everyone have to expect from government, because here in Africa cryptocurrency market has empower many people in one way the other to earn as a leaving, which government jobs can not do. Therefore the early you concentrate on your crypto business the better for you, even government staff, same of the are big investors in the ecosystem.

Goverments want to control their sitizens. One of the reason for it is a lot of criminals around the cryptocurrency. It is necessary increase the safety of cryptocurrency. Also people want that people will pay taxes from their crypto incomes.

There is a lot more crime going on in the world with scammers through cash dollars. If you think that guns or drugs are only bought with cryptocurrencies, you are wrong. The government wants to profit, just like you and me, through cryptocurrencies. When that moment comes, there will be nothing to do in this market, at least not as much of a roller coaster.

Actually the government can close access to it tightly, but they are also aware that the development of crypto currency and blockchain technology has future potential, more precisely they also don't want to be left behind if other countries adopt crypto, but with caution and fanaticism it is quite difficult, as well as knowledge openness about this industry they are still in the review stage, which makes it a little difficult for them to regulate crypto in their country.
We only need to wait for this moment, however, today's power holders are those who are old and find it difficult to adapt to the very fast progress of today's times, especially in the financial sector, of course, this must be studied as seriously as possible.

The government can't shutdown the cryptocurency market but lets not undermine the power of the government because the government of every country is very powerful that if they wanted to make the lifes of cryptocurency investors miserable they can do that by passing laws that'll make cryptocurency investments not to look attractive to investors.
The government's are basically attacking cryptocurrency projects because they see them as a threat to their power and the government's don't want to lose power. Cryptocurency is decentralized but the government has no power to control a decentralized currency. Cryptocurency is giving power to the CEO of project like Cz because he's the CEO of Binance exchange.
He used his power to crash the price of FTX with negative tweets targeting the operations of the exchange. The government can also make the presence of a cryptocurrency project in their country relocation which could take the job of those working in the exchange away. Government are very powerful and if they decide to increase their attack on cryptocurency, it would have very negative effects on the market.

If you think that Russia and China are there to take care of their citizens you're way too much mistaken. They really do take care about preserving the Government and most of the time misplace it for the Country. World and people has nothing to do with their activity in the field.

Very much true!

There's no such news whatsoever! And by the way your mistape of BRICS is way too close to what Freud was warning about! Just joking! ;D

Indeed we have to do much more research. And keep an eye on the Government!

The only thing left is to find a habitable planet with such government. And that takes REALLY big time!

All such regulations were put to use starting about 6000 years back. We still didn't learn the lesson. Economy can and should regulate itself! All other theories are man-created. Money idea was created by man - not the government or some great economist of the past. Money is trust! Trust can not be regulated. Either it exist or not. In blockchain we trusted over 1 trillion over the time being. Not a single penny was delivered by government of any country, except the speculative deals thrown to the market by DEA and FBI recently... Try to dispute that!

;D
So far amount of criminals in Government overweight the one among their Citizens in several decrees. And that is affirmed by International Criminal Court for some of them...

If only we don't shake the firm land out of their feet and turn our trust in blockchain against their backup - police, special agencies and countless others! That is why when I started my journey in crypto world my first idea of it was to apply its uniqueness and fungibility to be used in courts! Just try to imagine what could be done worldwide if laws couldn't be approved without will of people! And that could be done thanks to blockchain... No dirty "Digital Votes", no other ballots manipulation could be forfeited in real blockchain. That what scares Government all over their guts! They are afraid to become lost loosers not able to be heard by anyone in a world of crypto-freedom!

If the US sees sanctioned countries using crypto as a means to evade restrictions, it might resort to make crypto illegal for good. Or it will tighten regulations until investors find crypto/Blockchain tech unappealing. I guess that's why the SEC (US regulatory agency) has been attacking crypto exchanges lately. If "all hell breaks loose", then US citizens will be forced to move to countries that are embracing crypto/Blockchain tech with open arms.

You can see how countries like China and Russia are changing their minds about crypto (especially China). A worldwide ban is very unlikely to happen anytime soon, so lets sit back and enjoy crypto while it lasts. Just my thoughts ;D

Do you think the US doesn't know that Iran, for example, uses cryptocurrency for international payments? Moreover, the US should ban dollars if it finds out that dollars are used to sell and buy weapons and drugs. Of course, there is little logic in this. Even if the US declares cryptocurrencies illegal, it will have little impact on cryptocurrencies globally. Remember how China banned it, but then for some reason allowed it again. All of this is simply manipulation.

Trying to have that power but there's always force and silent minorities that will continue to push for the use of this system, I like your sentiment regarding to how US will treat the system, or if they see someone use USD for transacting illegally are they gonna ban USD? logic will dictate that even there's something behind the system there are people that will discreetly use it and continue to deal using the system.

We are aware how government in different places wanted that control over crypto, but so far they are unable to gain that power to rule everything around this industry.

The US won't ban the USD just because some countries are using it for malicious purposes. What it will do is sanction those countries to prevent them from using the USD at all. The same thing could happen with crypto. Governments will introduce some restrictions to limit crypto's dominance in the mainstream world. They won't ban it outright because that would mean losing taxes in the long run. Except for some countries whose form of government is socialist/communist. China for once decided to ban crypto, but it changed its mind after realizing its true benefits. Russia is likely to do the same as its economy shrinks because of US sanctions.

No matter what governments decide to do with crypto in the long run, the trend will survive thanks to the way it was designed. With decentralization and censorship-resistance at the helm, crypto becomes truly unstoppable. Who knows if it lasts alongside Fiat currencies for generations? Just my opinion :)

About the crypto making the conflict in different countries is not good though, Although the same situation is in our country that government not want to make the cryptocurrency to be fully possible in the country but some people are trying their best and fighting for the cryptocurrency to be available in it.

my opinions the government actions against cryptocurrencies are complex and multifaceted. The debate often centers around finding a balance between fostering innovation, protecting consumers, ensuring financial stability, and respecting individual freedoms. It's important for governments to carefully consider the potential impacts of their actions on both the cryptocurrency industry and the broader economy.

They need to balance things in order to judge things the right way, but knowing or witnessing what are the things that they are aiming for this industry, they want to make sure that they have that control which breaking the essence of this technology we don't know how deep the government will try to seek for every resource that they can use in order to penetrate and make that intent to take place.

Only time can tell if how things will be in the future, as of now, we still seeing more people being added or getting interested in playing inside the market, which is good even there's a big risk to take.

Generally, Governments want to take action against Cryptocurrency due to potential threats to financial crime, tax evasion, money laundering, lack of regulatory oversight and control over their own financial systems and economies.

Broadly speaking, the government wants to control everything, if crypto is decentralized and cannot be fully controlled by the system, the government will create its own system to regulate crypto space so that they are not ignored and continue to benefit from cryptocurrency. The government has now started to impose a tax on every local exchange, and those who do not comply with the regulations, will be blocked and their access rights revoked. Raises pros and cons, so those who are usually anonymous, have to submit KYC when they want to register for a local Exchange. Regulations on crypto are getting tighter and tighter.

Some country illegal cryptocurrency.This country government didn't legality cryptocurrency.Some people cryptocurrency used for crime.Than some country restrictions cryptocurrency.Some bad people bad work used cryptocurrency.so government action this user people.Thisbis not effect crypto currency market I hope.

These so-called regulations are designed to help protect governments' and big investors' interests. They will drive crypto towards centralization, greatly defeating its original purpose. If we want Wall Street to "pump" market prices all the way to the moon, this would be the way to go. Without regulations, crypto would be operating "under the radar". This means little-to-no mainstream exposure, resulting in lower market prices.

What matters is that crypto stays decentralized so it could stand the test of time. With decentralization + censorship-resistance, governments will have a hard time taking full control of crypto/Blockchain tech. They can regulate centralized exchanges, but they will never be able to enforce regulations at the protocol level. Who knows if governments will give up on their quest of taking down crypto for good? Just my opinion :)

You're not seeing it the way the US sees it. You're trying to be logical, they don't care about that. They're are very hypocritical. It's how these countries are. You think the US and other state government have an issue with crypto? No they do not. They have a problem with the fact that they can't control it.
If cryptocurrency was something the government own or at least control directly, it would have been legal tender today.

Trust me, if the US know and have prove that Iran uses cryptocurrency for international payments and they've not done anything about it, that's because there's is nothing they can do. But it's only a matter of time.
If countries begin using crypto to evade sanctions then the crypto community should get ready for more heat from the US government.

That's certainly true, mate. It's all about control. The fact that most cryptocurrencies are decentralized, makes most governments furious. On one hand, they want to attract investors into the "revolution", while on the other hand, they want to stop people from using it. The US has been acting aggresively against crypto/Blockchain tech lately, especially after the collapse of FTX. Not to mention, both Russia and Iran have been using crypto to circumvent sanctions.

The industry is just starting to blossom, so we should give it some time to mature. The more investors put money into crypto, the faster governments will legalize it. Considering that the vast majority of the world's countries are in favor of crypto, it's likely the industry will be heavily-regulated in the future. I'm fine with that, as long as crypto remains decentralized and censorship-resistant. Who knows if crypto lives alongside Fiat currencies for generations? Just my thoughts ;D

The need for regulation of crypto currencies has become a hub of medium in order to do in all the kinds of black money to be submitted in the form of money laundering. These kinds of activities lead to terrorism funding, but they are outside the ambit of the government, so the government wouldn't be able to know how much the value of crypto currencies is. It has only value because of speculation and not any kind of underlying asset; that is, when it's created an investment bubble, the greater the investment bubble, the higher the risk. So in order to safeguard the entire market, we need some kind of regulation. Nowadays, governments are starting to discuss it, even in the latest G20 submit.

I think that the US government and most governments are not comfortable with cryptocurrency decentralization, and they will fight them with different unfavorable regulations to frustrate them. Government is about centralization, so having a central control that can monitor the activities and movements of financial transactions is probably their aim, but decentralized crytocurrency does not guarantee this access.

I frankly don't know when this will end, because it's the same thing in my country, where the CBN (central bank of Nigeria) has banned banks from facilitating crytocurrency transactions. This has significantly affected the adoption of crypto in the country, because many people mistakes the CBN ban to mean that crytocurrency is illegal in the country. I believe that no matter how governments try and fight crypto companies, they are here to stay because the awareness of crypto is still growing stronger, and nobody can stop decentralization.

The USA is not the whole world though it is the most influential country economically. What will happen if they ban crypto or regulate crypto? Some projects will relocate their base of operation and some will change their business model so that they can work under the regulation. No project doesn't want to abandon the vision and money they invested in it. China banned bitcoin mining a few years ago. So did bitcoin mining stop? They just relocated and the same thing will happen if the government takes any harsher measures towards crypto.

One day, all of those restrictions and strictness will come to an end. How? When this market is entirely huge already and they cannot ignore to be strict with money flowing into their country. You see big exchanges fleeing on their market for being ass to them because of the policies that they can widen and loosen the strictness of it. We don't mind them, they'll eventually get back and be happy again to show the world that they are a crypto friendly country that despite the bans and being strict that they are implementing, they cannot just ignore the growth of the crypto market.

I don't think if the conflict the US government have on crypto currency will results to shutdown or even moving to another country. Who is moving? And where to? Several contries has had similar issue of crypto currency being bullied but I think they are still hedge on p2p trading. crypto currency is too famous and secured to shut down. Dey can only shutdown there CEX but not the DEx

We are almost having similar situation in Africa, where leaders in government position have put restrictions on cryptocurrency and some of  it's activities in some countries, however that's it's just temporarily, because the good news of bitcoin is coming like a moving train to the nooks and crannies of the entire continent.
But for the US government, I believe the issues will be resolved, because the US the government understands the importance of cryptocurrency in the market and how reliable it is.

Couldn't agree more with you mate. If they can't beat it, they will join it. We're already seen how China changed its mind about crypto once it became a mainstream success. The country is now trying to attract investors by turning Hong Kong into a "crypto paradise". They've used to outright reject Bitcoin mining (and everything related to crypto) some time ago. This tells us other countries will eventually embrace the revolution with open arms. Maybe Russia is next?

Whatever happens in the future, you can be certain crypto will become a part of our daily life. If the revolution were centralized, governments would've stopped it already. Kudos to Satoshi for making the best decentralized and censorship-resistant cryptocurrency in the world (Bitcoin). Who knows if Fiat currencies will be the ones that will cease to exist in the long run? :)

This issues isn't peculiar with the US alone, even in Africa, some countries have brought up issues against crypto currency which is mostly based on regulatory grounds. These countries wants to be fully involved in regulations of crypto currencies because some of them are scared it could be used for laundry and similar crimes, this has further led to some crypto company relocating to other countries where the policies are mild on them

Not only in the USA but also in other countries around the world, various governments are looking for ways to stem and block cryptocurrencies with increasingly stringent KYCs on exchanges, strict laws for AML, an alternative and valid payment system like cryptocurrencies is scary, they have fear that banks will lose absolute dominance on the markets

My nation would be the perfect example of such country that wouldn't want Bitcoin to be legally used and I think the reason for this in my country is a bit different as I feel because of greed and so many other factors that amount to selfish reason is actually the cause for this rejection although the mass public has made sure that Bitcoin is certainly used to the level that its awareness cut across to everyone despite the refusal by the government.

  In my opinion, this has been happening for several years. In fact, there are other governments that want to fully control cryptocurrencies, which is impossible to happen in reality. It is possible for cryptocurrencies that are under the centralized-based concept, but purely decentralized cryptocurrencies cannot happen.

  That's why the scenario that other governments are doing will never go away; they won't stop until they get what they want to control it, and they also can't stop the innovation that is happening in the crypto space. These are facts known here.

We should just figure out what makes us happy, Every season, you endure the same insults, we just have are on the verge of ruin our destiny. Not everyone is well-versed in cryptocurrency; more initql individuals tend to trade cautiously, while others are open to the fact that USA is a developed country, and they are tampering with the hopes of young traders and investors who are eager to explore new opportunities. Some governments are concerned about the bullish rise of bitcoin because of cryptocurrencies surpassing fiat currency, which is stands to be a hugh threat to the government. 

IMO, I believe that some countries have already adopted Bitcoin because they see it as a window of innovation (technologically and economically) while other countries will someday accept and embrace Bitcoin (It may take a long while though), some countries may still want to oppose it because it will reduce people's dependence on traditional financial systems. I mean... take a look at how Bitcoin provides a system that bypasses the regulations of the traditional banking system. Some countries have seen that if they made Bitcoin legal and it gets adopted, it would likely weaken the influence and control that politicians put on the economy, which will then limit their ability to manipulate financial systems for their political needs.

We know that not all corners of the world would really be accepting or recognizing Bitcoin of its existence. Yes, there might be seeing some positive of it but majority of them would really be going or emphasizing on that negative side on which its not really that shocking anymore.Government doesnt really like on something which cant really be controlled on which means that they would really be that opposing on Bitcoins existence on which they've been had already been trying it for a while now. It turns out that they cant really be that totally be able to crack it down or simply shuts down and this what makes into those whom do support Bitcoin did build up
more trust and recognition into its existence yet having something which government couldnt be able to trace and able to control on, then this is something that what most people preferred.

Although, people would really be that still sticking into those traditional things but somewhat they do really get involved at the same time. There's nothing they can do if a certain
individual would really be hiding up their assets on crypto form and this is why they do really that focus on trying out to centralized on everything.
Ex. Exchanger and similar stuffs. This is where they do only have that kind of at least a good hold for us crypto supporters in entire market.

I agree with you the government will never be able to control crypto if there is a problem between them it will usually be the government will have to find an alternative the crypto market is very unlikely to be decentralized centralized. The crypto market will thrive without any government intervention. Crypto won't be able to control itself by damaging everything the government has, crypto will run at its own pace.

because of crypto’s ability to maintain their users’ anonymity it has been possible to do transactions without it leading to the person who has made the transaction this feature allows users some privacy which in turn lessens the possibility of that person being robbed or falling victim to any malicious intent

even if it might seem convenient this very reason has its own cons as well

since people can do transactions without identity, it has become a way for criminals to make transactions without them being traced to wherever they are the government is scared of these type of things and wants to prevent it from happening as much as possible

however cryptocurrency is slowly becoming into a normal occurrence in our lives in which government are gonna have to join and participate

Doesn't matter if they keep emphasizing the negative side, most of these country's citizens already understand what crypto is and its intricacies. In fact, all we want is for them to legalize it, and when they do, you'll figure that a lot of people already use Crypto and they are just waiting for a public announcement saying that it is now considered legal. Though I understand that some countries may fear how fake altcoins could ruin their people's finances, maybe they should try to educate the people on crypto if they really want to make it legal and safe.

I believe after the success of altcoins in countries that had adopted it would prompt other countries who had either ban or imposed some sort of regulations to have a  rethink about their action and soften their initial restrictions, for instance the success and thriving of crypto in USA would possibly encourage other top nations to start adopting crypto though regulations would still be imposed notwithstanding many cryptocurrency investors and enthusiast would be encouraged and motivated to invest in it, I think the best alternative rather than an outright ban by many countries, meanwhile a of jobs would also be created thus provide plenty opportunities for the unemployed.

Of course. They're not that stupid. By introducing these restrictions, they hope to limit crypto's ability to take over the mainstream economy. Otherwise, Fiat currencies will lose power. What governments will only be able to successfully achieve is regulate centralized crypto exchanges and service providers. Blockchain protocols themselves will be impervious to regulations due to the way they're designed (decentralization). The more people use decentralized alternatives, the more difficult it will be for governments to get ahold of everything.

Let's all hope crypto stays that way for it to beat banks. You can see these entities are afraid of the revolution. Their intentions to launch CBDCs with mainstream governments tells us this. People won't abandon Fiat that easily (especially when most salaries are paid in Fiat and merchants accept it everywhere), but crypto will make such an impact that will leave its enemies furious. Who knows if crypto lives alongside CBDCs for generations? ;D

Some of the governments just wanted to save their people from scammers and Ponzi Schemes because when people are still learning about crypto and others in their country are still ignorant about it, the scammers mix real information with their schemes and encourage their victims to invest in their project like the old cloud mining we once had in the internet and it was the most trending at that time when there were no ICOs and other. right now, people need to have proper knowledge about crypto so that their government will have no problem opening the opportunity to invest for them.

It is understood that governments like to save their people from scams. But with their actions, even the legit ones are also affected and that's how they take the issue.
And people can't do a lot with this because they might go against the government and it's always their final say that will be followed by the law. Just get the positive take on it that they're also driving down the scams and tracking the scammers to serve the sentence that they deserve. At least that's a good consolation for one to take.

Yeah some countries arround the world want to block cryptocurrency in thier respective countries and we don't know why they do that as we all know that cryptocurrency is one of the best investing platform, maybe those countries don't want their people engage in crypto cause they think that once it will happen then thier people will go for investment rather than working from then with a minimum wages. Just an opinion we really not know what's the main reason.

Governments want to protect investors, but at the same time, they want to limit crypto's dominance over the mainstream economy. A powerful crypto industry would destroy the banking sector in the long run. That would mean less power/control for both central banks and governments, while people obtain true financial freedom and sovereignity. As long as governments exist, don't expect crypto regulations to ease off or disappear anytime soon. I'm fine with that as long as I'm able to use crypto in a decentralized manner.

Without decentralization, crypto will eventually die. Bitcoin is by far the most decentralized and censorship-resistant cryptocurrency in the world. It's the one coin that governments pay most attention to. If it stays that way, no one will be able to stop it. Hopefully, crypto will be able to survive alongside Fiat currencies for generations. ;)

Well maybe the top coins will be affected, but I'm pretty sure I don't have to worry about the TFS token. Especially with their APY I will be able to save up the necessary amount to insure myself by this time

I think government actually do all this sometimes for selfish reason, I say this because most government feel they can't control and regulate this coins they tend to put a ban to it and lead their citizens to the use of their controllable fiat currency.  Cryptocurrency especially some  coins that have gained reputable like Bitcoin will be hard to stop even by the government themselves because when it comes to painting with scam view, people still tend to use it because if the consistency and reliability of it over the recent years and this view of Bitcoin covers every other cryptocurrency out there.

You are absolutely correct Mr DaNNy001 on this, I think reasons for government having this negative behavior towards Bitcoin is because of their selfish reasons. You know due to the authenticity of Bitcoin  and the ability to track wallet address in the blockchain explorer i think, it tend to poss treat to the government as most of them engage in fraudulent activities. Don't get me wrong, I know what I am saying, in the year 2018 we were told a snake crawled into jamb office and allegedly swallowed 36million naira (https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.vanguardngr.com/2018/02/snake-allegedly-swallows-n36-million-jamb-office-vault-nigerians-react/amp/&ved=2ahUKEwi_7tXpqLqCAxWkWUEAHbYwBdUQFnoECBIQAQ&usg=AOvVaw3x9jA-tFMTkuXjvxjLb4Rw), just imaging the rubbish. What do they take us for, a fool? I believe this is a clear evidence enough to prove that I am not saying bullshit, I am fucking tired of the system and how they have denied us the ability to freely make Bitcoin official in the country.

In most of the countries cryptocurrency is not accepted yet but those countries which show no restrictions towards cryptocurrency will not show any restrictions in my opinion because they realized that how worthy it is. No one can deny the importance of cryptocurrency and the financial system of most of the individuals become good with the help of crypto investment.

Actually some country also banned crypto because they know the fact that people move towards money making ways so they will move away from other jobs which is important for country's prosperity. There is a hope that eventually every country will accept bitcoin investment as there is job limitation in each country and providing job to every person is not feasible.

Ah! I think you are talking about the story of the great serpent that actually swallow money, it's now become a famous folktale among citizens of the nation but I think the view to which am pointing at when I made reference to the government being stingy is that the fact that with cryptocurrency the challenge of third party involvement is cancelled out and people will no longer rely on the CBN for their income regulation of which posses a treat to the system because the government cut all sort of taxes and manover the rate of citizen income.

My country has no statement yet if they will legalize cryptocurrency formally in my country or will they ban it, as of now my country citizen is currently using cryptocurrency without any restrictions from the government. I like it that way given that having it legally recognized by my country means we crypto users can suffer high taxes and regulations for the sake of legality. It is also absolutely not good if cryptocurrency is banned because there will be so many restrictions and you could be charged if you caught using cryptocurrency.  I think it is better this way where it is not recognized. We won't know what might be the judgement in the future if the government want to fully capitalize cryptocurrency by collecting tax and regulation.

Yes I am, and I think that is the dumbest story I had heard so far in my life coming from the government official, its so childish and stupid thinking anyone would buy that story, I don't know what they take we the citizens for. Any way let bygone be bygones, even if crypto was accepted in a country by the government, they could still choose to pay their workers using their fiat currency, and from there their taxes can still be extracted. Besides, not every one is into crypto so its not like the use of their fiat currency will depreciate to zero, they can still make some constitution that all government worker should be paid with fiat, then what happens there after is non of their business. I just hope they'll remove the restriction and see how their economy will improve.

The government can only create laws to halt people especially traders and investors from investing in the crypto market but that would never stop the flow. We still have the option to go for what we want and how we want it. The government might be pushing for penalty for people that would break a particular law that is restricting people from making any form of investment with severe sanctions but that would never stop us. Cryptocurrency is an investment of choice and it is mostly decentralized without the permission of any government officials to determine when we are buying or selling cryptocurrency.

It was developed outside the government radar and it grows up to now, maybe yes, government can implement rules and regulation but the continuation will continue to depends from how people will support the project, I also agree that due to the decentralization this venue of investment will continue and will grow for more.

Whatever the government will try to avoid the investors and supproters will always find ways to continue.

For sure, no matter how hard they try Bitcoin accumulation and its usage will keep on increasing day by day until dey have nothing to fight with. That is, Bitcoin will became too powerful for dem to even restrict their citizens from adopting it. Because I believe that a time will come were if your economy does not accept Bitcoin you'll bee seen as a less developed and ignorant nation. Currently bitcoin and other cryptocurrencies are on restriction in my country but that does not stop me from accumulating bitcoin or increasing my crypto portfolio, they can restrict us but they can not stop us.

It is very clear that a country is struggling to face the development of decentralized blockchain technology, they are trying to avoid using blockchain technology with a centralized closed system by stopping all online businesses that use decentralized technology. However, fighting it will be in vain for the country, because the development of bitcoin is too strong, there are many ways to get it and the country cannot stop it.

Continuing to collect bitcoins in a portfolio is a smart choice because bitcoin will grow bigger in the future and I think gradually the country will adopt bitcoin technology too in the future. Due to the increase in its use, it is increasing day by day.

accumulation of bitcoin is a good option because one day government will surely permit its investment and transactions. As quick bitcoin is becoming acceptable so it seems that in near future every country will remove restrictions which they have settled to not use bitcoin. Decentralized technology is the main characteristics of bitcoin so may be this is the reason that bitcoin is not accepted by government of a country but its not a harmful feature but there is a benefit but if one understands this fact.

Bitcoin is going more stronger so if one country see the success of other countries then there will be a possibility that every country will soon accept bitcoin. If you are still buying more and more bitcoin so it is possible that in future you will be able to take benefit from it as Bull run occurs after every four years. Restrictions will not persists always so everyone should accumulate, once bitcoin attain maximum value then there will be contrition for those who did not accumulate on time.

Yes I agree with you, El Salvador being the first country to accept Bitcoin as a legal tender, its success and growth will influence the decision of other countries to join in this Wonderful network, we just need to give dem some time and before you'll know it boom, they've removed the restrictions. The decision of accumulating more bitcoin to my portfolio will never decrease but rather I'll grow to a more aggressive accumulation as time progresses. My advise to holders is, let's keep the good work going and before you'll know, our government would have no other choice than to accept.

I understand that you are excited about El Salvador accepting Bitcoin as money. This is a big deal for people who use cryptocurrency and it is showing that other countries will soon accept it as legal tender.
It may take sometime for other governments to make this decision because they want to see how it goes in El Salvador first. But if it works out well more countries may start using Bitcoin too.

It is grea decision t that you want to buy more Bitcoin for yourself. Just stay updated on what is happening in the cryptocurrency world and make your choices based on your own research and according to your risk tolerance.
We don't know how governments will react to popularity of cryptocurrencies. But it is good to see that more people are accepting them. I am also holding a little amount of Bitcoin and I hope soon it will go to moon.

You'd only need permission from the government to buy/sell crypto through a centralized exchange. But rules don't apply to decentralized exchanges and/or services. After all, governments can't enforce regulations on them. If they find themselves "deadlocked", they will make crypto "illegal" for mainstream use. Some people will secretly use crypto to enjoy true financial freedom. But the rest will be afraid of getting into something that's outlawed by the government. That's the way it works.

All that matters is that crypto stays decentralized so that it could stand the test of time. With decentralization, governments will be unable to stop the revolution. Hopefully, crypto will live alongside CBDCs for generations. Just my opinion :)

It's true that issues of government being anti crypto is not peculiar to USA, in fact I feel that most countries feel  threatened by the growing adoption of bitcoin and other cryptocurrencies, to the extent that they will bring unfriendly regulations and some will even slam total ban to frustrate the adoption. I guess that they are afraid of the growing popularity of bitcoin, that has no central authority unlike fiat that is the identity of their countries. The decentralized cryptocurrencies have come to change the narrative of financial transactions and there's nothing any country can do about it.

We crypto users in Nigeria, are facing our own issues here, where our central bank, have prohibited banks to facilitate crypto transactions. Thanks to p2p and exchanges, we're able to do our crypto transactions, although I here that my government is working on regulating crypto transactions, we're still waiting to see it goes.

It's a pity that countries that suppose to harness the potential of Blockchain technology to solve many societal problems are unfortunately opposed to adoption of Bitcoin many of these countries are opposed to Blockchain which is the core feature of Bitcoin because they cannot control it or may affect their monetary policies due to it decentralization, yet wouldn't look to the other useful features of it, I am aware of solutions to chain supply, voting etc can be solve using Blockchain, however despite all those restrictions, ban clamping down yet Bitcoin has come to stay because there are various methods of evading any government restrictions of it for it users.

Governments do more research on crypto usage and especially in countries where crypto is listed as illegal. But people of almost all countries are now indulging in crypto with secrecy which is completely impossible to hack. As far as I know in some countries using crypto is considered a very serious crime and has complicated laws in this regard. The governments of those countries are thinking that crypto is the exchange of one country's currency to another which is secret and unknown to the government.

You shouldnt really be shocked about because anything which is really that been centralization then it would really be always mean that you are really  that going against with the current government system.
They have been able to do such thing in the past in speaking about bad or false information for them the people to believe. Yes, it could really be that effective but doesnt mean that majority of people
in the community would really be that easily to get hooked on what are the things that they've been planning. This is why as an individual then it would really be that completely into your choice
on what are the things that you would really be needing to do considering that crypto would really giving out that kind of chances and opportunities for you to deal up with it.
If it turns out that it is really that prohibited or not allowed but honestly there's no way that they could really be able to stop someone to engage with it.

It's no secret that crypto is being used by some governments to avoid sanctions. I believe that's the main reason why the US government is aggressive against crypto/Blockchain tech. There's no other explanation for this (aside from putting crypto under control). What matters is that crypto stays decentralized so it could render governments' efforts useless. They will control centralized exchanges, but they will never control crypto itself.

DEXs, non-custodial mixers, and other decentralized services will make it difficult (if not impossible) for governments to enforce regulations. The revolution simply can't be stopped. Some governments already recognized this, as they've embraced the revolution with open arms. "If you can't beat it, join it". Hopefully, crypto will be able to last for generations. :D

  Other governments have been doing that for a long time with other cryptocurrencies. Specifically in the US, like the SEC, they can only shut down altcoins; even the other exchanges that are under CEX, like Coinbase, seem to have moved to another country to put their main office and are no longer in the US.

  The US government really won't stop until they control cryptographic assets. Because the US government feels that they are invincible. But the truth is, I wish they could control all the cryptos, but why can't they do it?

Governments are always selfish, they only agree to what will earn them extra money or what they can control with their power. Bitcoin and cryptocurrencies can never be controlled by governments in any way because of blockchain transparency, and we know that government are always after ways to loot extra funds through unknown ways and blockchain will make it public, that’s why they don’t like Bitcoin and crypto.

The funny part about this whole matter is that even the government officials are also holding quantities of cryptocurrencies in there wallet. We should not be deceived by what we hear and what people tend to talk about the cryptocurrency.
We can keep investing in Bitcoin and other altcoins but we should not be deceived by the government trying to make us to keep all our funds  in fiat so that the economy is not going to loses it weighs and value. We need to make decisions that would aid us to be a good and profitable investors.

Good point, everything that you should take needs to be back up by knowledge that you gain along the way, not because a government fully embrace the system means that you can trust your investment and will support it all the way, in terms of investment it is always you who needs to adopt and understand all the potentials, both risk and the advantages that you can get involve with, everything needs to be balance and needs to be decided according to how you position yourself and how you anticipate the possibility of making money

The government's standpoint in terms of any financial related investment may give you a hint but not an assurance that it will work according to how it was presented, always do your research and make a proper assessment before deciding.

I don't think that they're doing research on it and that's why they just impose one rule about crypto and that's about being illegal on them.

It is no longer unknown to most countries. They know the existence of crypto but they choose not to indulge on it thus, they declare it as an illegal currency because it is decentralized and they know that they don't have full control on it. And also, they think that it's only being used for illegal transactions so they decide in general that it's all illegal.

The evolving relationship between the US government and the cryptocurrency market is indeed a dynamic and critical situation. The ongoing fluctuations suggest a significant conflict with potential repercussions for individuals and businesses in the crypto space. This uncertainty raises concerns about the possible necessity for companies to either cease operations or consider relocating to more crypto-friendly jurisdictions. It's crucial for everyone involved to stay informed, engage in constructive discussions, and closely monitor regulatory developments to make informed decisions amid this complex landscape. Remember to prioritize compliance and stay vigilant to navigate the challenges that may arise. The crypto community is resilient, and together, we can adapt to these changes and contribute to the positive evolution of the industry.

Well, decentralization is a big threat to the government. And since bitcoin is decentralized and some other cryptos as well, then they make sure to impose on the people to stay hands-off on cryptos as whatever transactions will be hardly monitored and controlled by them. And the easiest way to prevent the people from hodling cryptos is to ban crypto for good and create sanction to those who are caught using it.

But people these days are wiser. If they can't access their cryptos publicly, then they'll do it privately and secretly. After all, the government won't be able to accuse them without clear evidences against them.

That's certainly true, mate. It's crypto's decentralized design which makes many governments furious. Even those that are embracing it (like the US and UK), have placed some restrictions/limitations to prevent Fiat currencies from losing ground. Would you imagine if people started ditching Fiat in favor of crypto? It will minimize governments' and banks' control over the economy.

What governments want is to tax crypto for their benefit, but not to take over the existing monetary system empowered by banks. I've heard that even governments with a "full blanket ban" like China and Russia are using crypto secretly. They don't want people using it, except for them. It's all hypocrisy. Expect crypto to remain in a contentious position against mainstream governments for as long as it lives. As long as crypto stays decentralized, nothing else matters. Just my opinion ;)

I think this is normal, because the world's financial conditions are also not good, and also the Israeli and Palestinian conflict is heating up.
and there has emerged crypto as a commodity that can no longer be ignored, I mean in the past there was only the stock market, but now many people know about crypto.
therefore the government is trying to regulate the regulations.

The battle is endless and I know that cryptocurrency will win the battle. The government cannot take battle direct to bitcoin so they are attacking the users of bitcoin. And this will bad for them because the more they fight them the more they increase in numbers. Now they have entered into Binance and successfully remove the CEO Cz in the cryptocurrency giant and we don't know their next move again.

So let everyone and Companies should stay clear from corruption and money laundering because these are the things the government is using to attack the cryptocurrency ecosystem.

some say the government wants to intervene in crypto, yes like that, those who initially thought crypto was just a joke, now want to set the rules, it's no surprise that in some countries with high taxes like the US this has become an important thing because in the future the economic sector may also be affected by it. crypto market.

this is not a new thing at all.  Politician have always kicked against anything they feel they aren't in control of and around other countries of the world, there has been regular statement that has been geared towards putting cryptocurrency into extinction. I personally don't feel that cryptocurrency will go into extinction regardless of the pressure coming from the angle of these politicians.

That's a notion which I think can't be corrected because people are found of using their coins as the way deem fit and you know the diversification is also a firm attributes of the human nature. Human being are of many and different characters and illegal activity is also an inbuilt for some persons. And their is also a clause which covers everything in this world both having good and also bad features so using crypto for fraudulent activity is not something we can see stopping any time soon and that shouldn't be used as any excuse as the fiat is also used for money laundering and so many other evil things.

I'm also surprised to see the government. However, that is what they are actually looking for, apart from spreading the issue of consumer protection and the various ways they are trying to get this crypto into regulatory terms. why not sit down and discuss this properly without having to always look for the weak points in this crypto world.

The Crypto market is a tend no one can stop, even the government will have no option than to support it or see it citizens trading the cryptocurrency market secretly which will make then to lose big on the money they would have acquired if they make it legal and tax people for it.

 This is just like the beginning of the great era of cryptocurrency and we should not be blind because we are going to make so much profits from this market. It only going to take a limited time for people that do not support cryptocurrency to start supporting it now so that they will not miss out on the trend.

I agree, better to find ways to legalize and make something good from it, than trying to dissolve or trying to stop it which will lead their citizens to find their own ways, with legal ways they may earn and it can help the economy with taxes that they can collect, and with legality they can also help those people who will be victimize by scammers, if there's government rules regarding to crypto it will also force those business to have their legal documents and papers which can help people to find or support those business that have tie with the government, though not all but there are people who will embrace that kind of setup.

in my view but this is just my opinion not to offend anything
I think the government doesn't like cryptocurrencies because crypto cannot be controlled 100% by the US government and cryptocurrencies are decentralized and more flexible to take wherever they go and only 21 million exist in the world in contrast to fiat which is unlimited and printed continuously and crypto without intermediaries 3rd and that is the reason why the government will not support crypto as a medium of exchange in the future. Maybe correct me if I'm wrong

Everything is being done in order not to destroy the cryptocurrency, but to adapt it to one’s own needs in order to get the maximum benefit, the United States has been trying to do this for a long time. Cryptocurrencies pose challenges in terms of regulation, security, and their impact on traditional financial systems. Everything that happens is quite expected.

That's true, but everyone wants it to be simple and of course we have experienced how the process of creating a bank account according to procedures is very complicated. Setting up Bitcoin can be done easily, and is much simpler than trying to open a bank account and more companies are expected to introduce this form of trading in the future.

Why only talk about usa when others countries are also forbidden cryptocurrency as they don't have fully access to control it but meanwhile usa, country like china mining bitcoin and others altcoins and base on those issue, they are fighting technologically, although they aren’t against cryptocurrency. So it clean that, governments want crypto, they just pretending to have controll or taxation over cryptocurrency transaction. That's it. So i hope soon all countries will declared crypto as legal. Don't worry and collect best altcoin for bull run

I don't think if the US government will have to shut any company down due to participating in crypto currency transaction. Highest thing they can do is to fin them heavily for that. But if US government are bent on criticizing crypto, with this attitude it will reduce the amount of business transaction on daily basis. Crypto currency has been a fastest means of transaction. I don't even know why a developed country like US will be so hard on crypto currency, where as they should be at the top when talking about technological advancement.

The government will always look for ways to weaken crypto, just look at the cases that occur in every country regarding crypto, some make things difficult for investors, some even ban crypto. The government did this all because it didn't like the presence of crypto. . When it comes to consumer protection, in my opinion this is not protecting but wanting to supervise because cryptocurrency cannot be monitored by the government and banks so it can be tracked.

US regulation ends up affecting the rest of the world. That is why KYC and AML is so prevalent. That is why most countries refuse to trade with North Korea and Cuba. Now they are using the conflict in Palestine to try and force stricter measures on cryptocurrency transactions, using the excuse that restrictions on privacy are necessary to prevent Hamas financing.

How much we may belittle the government and praise the anonymous and decentralized governance in crypto, what we must realize is if government specially the US really cracks down on every form of crypto, the adoption of crypto would reverse to the extent of de-existence. There would be some crypto being traded between a small shady group of people but the normal people, traders and investors would not use it. So, we should appreciate the governments around the world that are letting this technology for economic freedom flourish which outright going to bring them larger challenges.