Cryprocurrency survival vs governments - An omnious scenario

[shinzai]

Hi!
Let's say there comes a scenario in the future where all/most governments in the world come to agree on criminalizing the use of cryptocurrency for the sake of the survival of fiat currencies (with the inherent inflationary problems from endless money printing etc).

Governments over the world thus shut down all interfaces between crypto & fiat, ie exchanges. They also put pressure on banks to refuse fiat transfers from exchanges still in operation & companies that accept cryptocurrencies as payment.

How would crytocurrencies survive that?

[odolvlobo]

Their survival does not depend on fiat.

Consider the euro. Does its survival depend on the dollar? If governments around the world banned the exchange of dollars for euros, would the euro fail or would the dollar fail? Or would neither fail?

Currently, exchanges between fiat and crypto are important for establishing value because markets using crypto are small. Eventually, as adoption grows, fiat will no longer be relevant.

[MP4]

for batter regulation there is government to improve better regulation, but fees are gonna be bigger, and taxes are on the way
For example, Coindesk has no words to make step against USA IRS first steps to us