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I am not sure whether this is going to work out, and I am really not wishing that it works out because I am not going to like the idea of the government regulating cryptocurrency especially bitcoin. But in a situation, whereby this happens to be a success for them to carry it out, then we would all be left with no other option than to accept the regulation or we just have to forget about our assets, which I don’t think a lot of us would like to do.
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Yes, people would just find ways to use their crypto outside the system that the government controls, for example P2P. Might be a bit more inconvenient than what we are used to using certain wallets but it affords a better degree of freedom.
To just "forget" assets is ridiculous although it might be necessary if for some reason it have made it impossible to transfer the crypto.
