Now it's an all out war : Government Vs cryptocurrencies

[fiulpro]

Hey

We all know how President Trump Tweeted about the Libra and Bitcoins , how they aren't Money and all .

https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin

Now there is a statement how they are proposing companies to stay away from the digital currencies .

https://www.reuters.com/article/us-usa-cryptocurrency-bill-idUSKCN1U90NL

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
https://gadgets.ndtv.com/internet/news/bitcoin-ban-india-cryptocurrency-law-10-year-jail-2049939

We have already seen how China banned Bitcoins so did many other countries...

I think it's an all out war right now 
Government Vs Bitcoins.

Except for the countries who support Bitcoins.

[1714775931]

1714775931

[1714775931]

1714775931

[1714775931]

1714775931

[pooya87]

Now there is a statement how they are proposing companies to stay away from the digital currencies .

wrong.
it is proposing to prevent them from creating their own cryptocurrency like what Facebook is trying to do and practically start printing money out of thin air.

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.

wrong and this is not new, it has been going on for a couple of years now and the recent bill had nothing to do with jailing people for using bitcoin, it was misinterpreted by the shitty news sites.

We have already seen how China banned Bitcoins so did many other countries...

wrong. China has never banned bitcoin!

[Kakmakr]

Stop spreading FUD, governments have shown new interest in regulating Crypto currencies properly after the G20 Summit that was held in Japan. See this : https://g20.org/pdf/documents/en/FINAL_G20_Osaka_Leaders_Declaration.pdf and also https://cointelegraph.com/news/g20-leaders-reaffirm-position-on-cryptocurrencies-in-statement

There is definitely not a war being fought against Crypto currencies, but rather an agreement to regulate it and also to make sure that there are standard practices implemented to handle this. 

[btc78]

Hey

We all know how President Trump Tweeted about the Libra and Bitcoins , how they aren't Money and all .

https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin

Now there is a statement how they are proposing companies to stay away from the digital currencies .

https://www.reuters.com/article/us-usa-cryptocurrency-bill-idUSKCN1U90NL

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
https://gadgets.ndtv.com/internet/news/bitcoin-ban-india-cryptocurrency-law-10-year-jail-2049939

We have already seen how China banned Bitcoins so did many other countries...

I think it's an all out war right now 
Government Vs Bitcoins.

Except for the countries who support Bitcoins.

Just like pooyah says China never banned Bitcoin instead it was the ICO who’s they banned so that’s wrong interpretation and please mate as what Kakmakr tells you,stop spreading Fud because you are just helping those agency’s and people that wanted cryptocurrency down for their own cause.and Trump’s twitter does not stand for the whole world instead it was only he’s personal opinion and not general

[Pursuer]

you are being too dramatic and have been reading too much "news" and since 90% of these news articles are pure bullshit you are caught up in their fantasy. the reality is that we are still in the phase where they are ignorant of bitcoin or are undecided about it. and most governments have already accepted bitcoin's existence and their incapability to prevent it from being used so they have regulated businesses that want to deal with it including exchanges and merchants.

[romero121]

Over the past two days the tweet from Trump has been under discussion on several dimensions. To me what he have made is just to make the people continue using the dollar as the Facebook is bringing the libra coin with all features similar to the dollar.

Very few governments around the world were completely against the usage of cryptocurrencies. This too is due to the increasing usage of cryptocurrencies that has caused the decline in the revenue of the banks functioning with the government's backing.

[jseverson]

This is why you read beyond the headlines.

But yeah, no such war is being waged. Some people seem to believe that governments have this personal vendetta against Bitcoin, but it's usually far from reality. Most governments around the world have shown willingness to compromise, and a lot of bans are even rooted in old laws (lots of countries have laws that state their local fiat as their only legal tender).

In an ideal world, we get to do whatever we want with little to no state interference, but the world is not ideal. That doesn't necessarily equate to being hostile either.

[arpon11]

Hey

We all know how President Trump Tweeted about the Libra and Bitcoins , how they aren't Money and all .

https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin

Now there is a statement how they are proposing companies to stay away from the digital currencies .

https://www.reuters.com/article/us-usa-cryptocurrency-bill-idUSKCN1U90NL

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
https://gadgets.ndtv.com/internet/news/bitcoin-ban-india-cryptocurrency-law-10-year-jail-2049939

We have already seen how China banned Bitcoins so did many other countries...

I think it's an all out war right now 
Government Vs Bitcoins.

Except for the countries who support Bitcoins.

This is expected since the beginning and don't expect governments to welcome any technology that is going to take control of money and finance from their hands and put it in the hands of the citizens. The USA President statement on bitcoin to his millions of follow is premeditated and the aim was to deal a heavy blow on the cryptocurrency market but the market doesn't respond too much and that is why I am happy and it is a pointer that many people have started to believe in Bitcoin than the government's directives. In India people are still investing in bitcoin, China still has the largest mining farms and I believe Bitcoin and cryptocurrency are here with us.

[Broly46]

It is a war within self control, I had no doubt everyone have their own anxieties, govt anxious with the usd and we are anxious with our bitcoin bags, but most of us are nearly immune to the anxieties, because most of the fud are repetitive and focusing the same behaviors, when the anxieties are over we will become stronger and tougher.

[Haunebu]

Just another FUDster losing it and making big claims. A war? Seriously op? Have you been living under a rock all this time? The truth is pretty clear to everyone which is majority of the governments fear BTC.

You cannot ban BTC and crypto in general. You can regulate it though. Proposals don't mean laws. Nothing surprising about these threads popping up since BTC is going down in value currently.

[Initscri]

It's not a war, but this is a step in the wrong direction for Trump & the Republican party in general. Not to be partisan here, but they aren't supposed to be ones going against a free market solution like Bitcoin. It's sad to see TBH.

Some of the more libertarian-leaning republicans need to step up and propose an opposition to this (at-least verbally)

[Wind_FURY]

OP, you should understand that the only way for state-level actors to "win" is to be in "the game". Preventing, criminalizing, banning Bitcoin will be self-isolation.

[stompix]

Now it's an all out war : Government Vs cryptocurrencies

Ok, time for me to get my tinfoil hat, my tinfoil armor, run in the basement and with my paranoia survival kit I will probably manage to live till this is over.

This is why you read beyond the headlines.

But yeah, no such war is being waged. Some people seem to believe that governments have this personal vendetta against Bitcoin, but it's usually far from reality.

Some bitcoiners need an enemy, need the government to be against them, need to be some sort of heros suffering from oppression and still, they will win, they will conquer the world , they will build another civilization ...although the only thing they are actually doing is buying some coins with fiat and hodling till they will get rich.

But we need drama, persecution, pitchforks!!!!

And the most important thing, who started this? Trump?
The man that can backtrack on his words in seconds, the man that has no clue if Europe is vest or east of the US? The man that can't go to FB because it would he would have no excuse to write down less than 20 words at a time?
The deal breaker who hasn't managed to sign a deal in 3 years?

[antisocial77]

they make money and rule the world for many years with current system.of course they dont want a threat like crypto.if they see a way to make profit with crypto, those tweets will change to bitcoin is the king

[joelsamuya]

Stop spreading FUD, governments have shown new interest in regulating Crypto currencies properly after the G20 Summit that was held in Japan. See this : https://g20.org/pdf/documents/en/FINAL_G20_Osaka_Leaders_Declaration.pdf and also https://cointelegraph.com/news/g20-leaders-reaffirm-position-on-cryptocurrencies-in-statement

There is definitely not a war being fought against Crypto currencies, but rather an agreement to regulate it and also to make sure that there are standard practices implemented to handle this. 

And I fully agree. This is all about regulations and we know that the government has all the power and means to effect any regulation that it wanted...though there is no finality yet on this discussion and the government is not on a hurry on this matter. Maybe we are just getting in advance that there is to be an all-out war coming from the government...but it will never happen. Had the US government been thinking that way, then it can have just declared the whole thing to be illegal but it is seeing things in reality that is why right now there is no such thing as the imagined onslaught from the government though of course we have to accept that people can have different opinions and mindset on this industry and Trump is no exception.

[Slow death]

Hey

We all know how President Trump Tweeted about the Libra and Bitcoins , how they aren't Money and all .

https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin

he gave his opinion, he did not ban anything. it's just only his opinion as a person, why are making drama because of it? according to the opinion of this guy Alex Krueger:

Trump Banning Bitcoin is Feasible But Highly Unlikely, Says Economist

it's improbable ban bitcoin

Now there is a statement how they are proposing companies to stay away from the digital currencies .

https://www.reuters.com/article/us-usa-cryptocurrency-bill-idUSKCN1U90NL

Where is the proof?

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
https://gadgets.ndtv.com/internet/news/bitcoin-ban-india-cryptocurrency-law-10-year-jail-2049939

india has its culture and religion and a politics very different from many countries, is an isolated case that should not be used as an example

[YuginKadoya]

Even if the Government do not say it they sure are interested enough with cryptocurrency, Because of the booming price and many adopters in it, I guess even though Trump had said something like that, Those companies and people that are engaging with Cryptocurrency will still continue, And the government will just prevent the unlawful creation of cryptocurrency Well I think that they can not undo what Bitcoin has established right now because they also take benefit from it.

[davis196]

This is thread number 100 discussing the damn Trump tweets about bitcoin.Can we just get over it and move on.Governments are usually anti-crypto and they are always spreading FUD.This has been a thing for years,why so many forum members act as if they are surprised by the position of Trump or any other politician.

[Erickan]

The government has reason to be concerned about crypto, currently crypto has not shown any practical application value except as a speculative method. The government has the right to worry that crypto will turn into a tool to carry out illegal activities. I think only when the government finds a way to control crypto, then will the government support and develop crypto.

[izanagi narukami]

My government is against with crypto but they never forbid their people to use it.
We still can use it with our own risk !

It's different when you're using "war" with drug, that's correct word, not in crypto trading !

[BrewMaster]

The government has reason to be concerned about crypto, currently crypto has not shown any practical application value except as a speculative method. The government has the right to worry that crypto will turn into a tool to carry out illegal activities. I think only when the government finds a way to control crypto, then will the government support and develop crypto.

i'll believe that the day the government started being worried about the banks and all the illegal activities that they are constantly doing! how many times do we have to see it in the news about their drug money, their money laundering and all the other illegal things they are doing before someone does something about it?

[unusualfacts30]

I think they're at war with corporations and really fighting for who will run the system in the coming future. As far as bitcoin, it's not new they have been against it every now and then but you would notice that fud starts dropping as soon as bitcoin price starts moving up. They are no where to be seen once value is stable.

[EdenHazard]

There are a lot of thing must be considered when we read an article on the media social about cryptocurrencies. My country has been accepting bitcoin to be use as investment place or trading place that previously they decided to ban all of form about cryptocurrencies but now it is not like that, they tried to regulate it and has been feeling the advantage how the advantages of receiving cryptocurrencies.

Although we still find a few countries that banned it but it won't take a long time to change their thinking to change their decision to accept cryptocurrencies. I'll be fine if cryptocurrencies are not used as payment system because there is a lot of function that can be use by most people to keep use cryptocurrencies in their lives. So, the government will not have a concern because everyone will use the means of payment with money fiat.

Cryptocurrencies can be use as an alternative if they find a hard thing when doing something, such as to send money between countries, investment place or even buy something outside his country. I think some of these methods will be difficult if only using money fiat and cryptocurrencies are the solution.

[Money_catcher]

Now there is a statement how they are proposing companies to stay away from the digital currencies .

wrong.
it is proposing to prevent them from creating their own cryptocurrency like what Facebook is trying to do and practically start printing money out of thin air.

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.

wrong and this is not new, it has been going on for a couple of years now and the recent bill had nothing to do with jailing people for using bitcoin, it was misinterpreted by the shitty news sites.

We have already seen how China banned Bitcoins so did many other countries...

wrong. China has never banned bitcoin!

Not bad, put everything in its place

[Nadziratel]

There is no war between Governments & Cryptocurrencies. Don't take serious Trump. I am sure he didn't invest Bitcoin yet, and he is trying to dump price for buying BTC.
I don't think he is serious people.

[Reatim]

Lol government will never be against cryptocurrency in reality,all they are doing is publicity because the truth is all of them wanna have some piece of cake from the money inside crypto and that’s the real intentions of each government.pretending to be against but inside are the eagerness to have some part from the billions of dollars here

[Bitcoinqubit]

Hey

We all know how President Trump Tweeted about the Libra and Bitcoins , how they aren't Money and all .

https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin

Now there is a statement how they are proposing companies to stay away from the digital currencies .

https://www.reuters.com/article/us-usa-cryptocurrency-bill-idUSKCN1U90NL

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
https://gadgets.ndtv.com/internet/news/bitcoin-ban-india-cryptocurrency-law-10-year-jail-2049939

We have already seen how China banned Bitcoins so did many other countries...

I think it's an all out war right now 
Government Vs Bitcoins.

Except for the countries who support Bitcoins.

its some kind of war and its only the beginning ...

[Artemis3]

Hey

We all know how President Trump Tweeted about the Libra and Bitcoins , how they aren't Money and all .

https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin

Now there is a statement how they are proposing companies to stay away from the digital currencies .

https://www.reuters.com/article/us-usa-cryptocurrency-bill-idUSKCN1U90NL

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
https://gadgets.ndtv.com/internet/news/bitcoin-ban-india-cryptocurrency-law-10-year-jail-2049939

We have already seen how China banned Bitcoins so did many other countries...

I think it's an all out war right now  
Government Vs Bitcoins.

Except for the countries who support Bitcoins.

See it this way: In the past, religion and state were one and the same. Proposing their separation would be akin to an act of heresy... And everyone in power would object to it, especially the monarchs who were blessed by said religion.

Think of it, what is the current religion of many? Money. Now we are proposing separating money from state, in a way, its a recreation of the past, and yes, they did oppose it...

Still the number of countries in opposition is surprisingly minimal after a whole decade. We should always take a look at wikipedia:

Legality of bitcoin by country or territory

Illegal in: Algeria, Egypt, Morocco; Bolivia, Colombia, Ecuador; Saudi Arabia, Iran; Bangladesh, Nepal, Pakistan; China, Taiwan; Cambodia, Indonesia.

Just 15 out of nearly 200 countries, 10 years after its inception. A system of payment made from the ground up, built to withstand governments and institutions, border-less, secure, intangible, yet verifiable unique. Its just math, essentially. Geek triumph?

Countries that ban it are fools, they are simply telling wealth to go elsewhere. Its like they are too rich or something, very ironic given most in the list are rather poor, but it does tell you one of the reasons they still are.

Because Libra is centralized, its easy to destroy. Bitcoin? You have no rich man, or company to go after, you can never catch its creator, and even if you did, you could never stop his/her creation, not even him/her can anymore. The genie is out of the bottle, there is no turning back, you can't undo history.

Embrace it and learn how to profit from it, or put your head inside a hole in the ground pretending it doesn't exist while the rest of your neighbors enjoy the benefits. Your call...

[muratsink]

more apesifik is the war between the government and the crypto world.  the government is worried that fiat and national currencies will lose their role.  and the reality of fiat currencies has a narrow and limited role.  fiat volatility is very low and cannot create profits.  I think, the crypto world will be the winner in the future.

[eaLiTy]

I think it's an all out war right now 
Government Vs Bitcoins.

Except for the countries who support Bitcoins.

We cannot win a war against the government as they have the power and capability and money to shut the entire market if they wanted to, so it is better to have a regulation with the help of government rather than fighting against the government, they could shut the entire mining industry if they wanted to and if that happens we all know what happens to the fate of bitcoin, if there is enough pressure from top countries any country that support bitcoin could change that, we have seen that with Liberty Reserve and other similar financial solutions.

[BitHodler]

Lol government will never be against cryptocurrency in reality,all they are doing is publicity because the truth is all of them wanna have some piece of cake from the money inside crypto and that’s the real intentions of each government.pretending to be against but inside are the eagerness to have some part from the billions of dollars here

They have every reason to fear crypto currencies, so it's not them chasing after publicity by speaking out negatively about everything related to crypto. Not sure where you got that from, but that's false.

If they did it for publicity sake, it would actually make crypto get more exposure than ever before. Governments are genuinely afraid of how much power they could lose would crypto gain mainstream adoption one day.

The central bank of Poland paid social media influencers to create content highlighting how they lost a lot of money through crypto and how risky it actually is, which just points out how afraid they are.

[loopes]

Lol government will never be against cryptocurrency in reality,all they are doing is publicity because the truth is all of them wanna have some piece of cake from the money inside crypto and that’s the real intentions of each government.pretending to be against but inside are the eagerness to have some part from the billions of dollars here

They have every reason to fear crypto currencies, so it's not them chasing after publicity by speaking out negatively about everything related to crypto. Not sure where you got that from, but that's false.

If they did it for publicity sake, it would actually make crypto get more exposure than ever before. Governments are genuinely afraid of how much power they could lose would crypto gain mainstream adoption one day.

The central bank of Poland paid social media influencers to create content highlighting how they lost a lot of money through crypto and how risky it actually is, which just points out how afraid they are.

Not every government in each country do the things that 'against' bitcoin like Poland's government does. In my country, the Government only warn to all people by giving them caution that investing in cryptocurrency is rsiky enough because of its bubble characterism.

[ramsdaj28]

Hey

We all know how President Trump Tweeted about the Libra and Bitcoins , how they aren't Money and all .

https://www.coindesk.com/us-president-donald-trump-says-hes-not-a-fan-of-bitcoin

Now there is a statement how they are proposing companies to stay away from the digital currencies .

https://www.reuters.com/article/us-usa-cryptocurrency-bill-idUSKCN1U90NL

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.
https://gadgets.ndtv.com/internet/news/bitcoin-ban-india-cryptocurrency-law-10-year-jail-2049939

We have already seen how China banned Bitcoins so did many other countries...

I think it's an all out war right now 
Government Vs Bitcoins.

Except for the countries who support Bitcoins.

I don't think it's an all out war between government and cryptocurrencies at all. There's a lot of things that will hinder the government from stopping the usage of cryptocurrencies.

1. Cryptocurrencies are electronic assets. They are intangible assets.
2. Cryptocurrencies are decentralized. The government will have a hard time tracing who are holding such cryptos.
3. Cryptocurrencies are already widely used. There are already companies that include cryptocurrencies in their businesses. Even famous people supports some cryptocurrencies.

Also, how would BANNING works in the world of cryptocurrencies? I think, that's harder that we thought it would be.

The only thing the government can do for now is to create bodies or regulatory that will regulate the use of cryptocurrencies. The biggest reason that I can see about these chaos of govenrments against the cryptos is TAXATION. Banks lost a lot of money (just my opinion) because more people prefer investing their money in cryptos than in banks. Who even wants to invest their money for a year, and just get an interest of 5%? LOL

[btc_angela]

The war has started many years ago in my opinion. How many banks do we have that has a hard line stance? So for me this is nothing new, the war has been enraging for many years now. It we took Trump's tweet as negativity then this is just another flame on the ongoing Gov't vs Crypto battle.

[iMark]

Trump seems to really want the dollar to be king. all those who are confronted with their country are always invited to war, they have many trade wars with many countries, and many parties also adhere to what the US government does. but crypto is different from others, crypto has been opposed since its launch, but crypto has survived and even always developing

[omone1]

I think the government has a beef with Facebook Libra coin and not bitcoin itself. Maybe they don't trust Libra coin enough to know how it will turn out in the future, because of Facebook repeated breach of privacy policies and now they want to take control over finance, it's going to be difficult to trust Libra team.

[Jating]

All should be be expecting this kind of hardline stance against crypto, after all they believed that it's going to have a big impact on them specially the banking and financial systems.

So I won't be worrying about it, crypto is decentralised and I doubt that it can be stopped by just a simply tweet or even if US lawmakers are trying to look at it by scrutinising every detail like Libra coin. Government is just protecting itself, but we all know that crypto is very positive.

[roosbit]

-snip-

I think it's an all out war right now  
Government Vs Bitcoins.

Except for the countries who support Bitcoins.

Sounds more like "Government Vs cryptocurrencies" and not bitcoin alone.

I think at this point all it takes to call off this attack is to have some type of regulation for cryptocurrencies, I know it's a decentralized ecosystem which has proven itself to work but you know there is that group of people standing on the sidelines(the law abiding type that goes by the book, possibly institutional investors) waiting to join in but these indirect threats won't allow them.

And the only way these people are playing it smart is by staying away, crypto doesn't work or need this....more people more valuable it gets.

And AFAIK since most countries are governed in the lines of democracy, that makes the government us the people so we can fine tune these regulations.

[Red-Apple]

what is going on at the moment is a war against different companies to prevent them from becoming banks without actually becoming banks. if you look at the Trump tweet that started all this you can see that he is pointing out the problem with Facebook and the fact that it is becoming a bank without abiding by banking regulations and they are printing money which is not allowed by law.
i wouldn't call this a "war against cryptocurrencies". it is a war against companies who are trying to abuse this hype and make millions.

[kaya11]

I think I could call it an all out war against Bitcoin if "all" forms of government in the whole world are against it including the countries that are for now it's allies. In my belief this has somewhat happened already, India making a bill to counter crypto, remember the Chinese government made statements and actions against it, the same thing will happen and it will backfire, leading to Bitcoin's another massive dump then comes with the Bull.

[MonsterV]

It's not an all out war. Using the word 'war' is too much. It's not something new that governments are not into cryptocurrency. It's somehow slowly becoming a threat to them, the more people recognizes it. But there's still a lot more countries who supports crypto. So it's not an all out war at all

But I don't think, why is the government doing all this? is there something wrong with cryptocurrency? The government only reasoned that the existence of crypto would increase the network of crime, there was no regulation, etc. But I see there is no difference with the fiat they make, there are still many crimes that exist and regulation issues I think are not necessary because cryptocurrency is an innovation of new technology. It sounds strange if they have to ban technology.

[pawanjain]

In India they are proposing a draft to ban all cryptocurrencies
Even dealing with them will land you in jail for 10 years and even holding unlawful.

wrong and this is not new, it has been going on for a couple of years now and the recent bill had nothing to do with jailing people for using bitcoin, it was misinterpreted by the shitty news sites.

The draft that was published somewhere on the internet was a new one. It has nothing to do with the ongoing hearing of crypto regulation.
There is no genuine source for the uploaded draft though and hence I think it's just a FUD since there is no official announcement as such.
The 10 year jail part is an old news though which was a part of the ongoing crypto regulation hearing.

[Yassin]

a lot of news against cryptocurrency, and that always happens when the price of Bitcoin starts to rise, and the government seems to oppose it, but I believe the government doesn't want to fight this, they also realize that cryptocurrency cannot be ignored, and inevitably they have to be involved, not just about cryptocurrency and the government, but how can the government be in line with the development of cryptocurrency..

[imstillthebest]

a lot of news against cryptocurrency, and that always happens when the price of Bitcoin starts to rise,

no price isnt the issue here . rise or fall there are always be negative news on cryptocurrencies   .

the government seems to oppose it, but I believe the government doesn't want to fight this, they also realize that cryptocurrency cannot be ignored,

if they didnt want to fight this and if they realize that cryptos are unstoppable then why do you think they are still making a noise or complains regarding on cryptocurrencies  ?

but how can the government be in line with the development of cryptocurrency..

there are in front of the line because they can ban or allow cryptos on thier own country  .

[clair508]

Yap.The war is on.This will be one of the most remembering battle of man kind.Battle between financial freedom coin ""The bitcoin" and the +tax government supported "Libra" coin.They did lot of things against crypto-currencies and they failed.Now they are sending the trojan horse.That is" Libra" Don't trust the trojan horse this one.Burn it before rise.Otherwise we will have the same fate that happen Troy city.

[TheCoinGrabber]

I agree with Trump about Libra, I think it's dangerous. He's completely wrong about Bitcoin though. Either he really don't know how it works or he's purposely dissing it as damage control. Never did he said he'd ban it though. He likely just want it more regulated.

[Anonylz]

Government in most part of the world has not fully warm up to the idea of having a cryptocurrency as an alternative method of transactions especially since they have no control of it the way they would have wanted it, and in regards to Trump's tweet, i don't see it surprising government has been looking for a way to put crypto down but it won't stop from growing.

[Artemis3]

I don't think it's an all out war between government and cryptocurrencies at all. There's a lot of things that will hinder the government from stopping the usage of cryptocurrencies.

1. Cryptocurrencies are electronic assets. They are intangible assets.
2. Cryptocurrencies are decentralized. The government will have a hard time tracing who are holding such cryptos.
3. Cryptocurrencies are already widely used. There are already companies that include cryptocurrencies in their businesses. Even famous people supports some cryptocurrencies.

Also, how would BANNING works in the world of cryptocurrencies? I think, that's harder that we thought it would be.

The only thing the government can do for now is to create bodies or regulatory that will regulate the use of cryptocurrencies. The biggest reason that I can see about these chaos of govenrments against the cryptos is TAXATION. Banks lost a lot of money (just my opinion) because more people prefer investing their money in cryptos than in banks. Who even wants to invest their money for a year, and just get an interest of 5%? LOL

These are valid attributes of Bitcoin, but there are some altcoins out there that don't fulfill all of them, and are easy to destroy. *Libra comes to mind first. So you can't use the world "cryptocurrencies" trying to be politically correct to the altcoins, when you know many of them lack the Bitcoin attributes.

Of course the thing with bitcoin is that people can handle their money without anyone else watching over you, so its arguably easy to evade tax. But perhaps the simplest solution to this is to avoid certain types of tax, like those that need a voluntary declaration, and stick to commercial transactions that are easily traceable such as buying and selling, etc.

Also it would be unfair to tax according to exchange rates, which can change dramatically in minutes. I guess it would be fairer to tax in some cryptos, such as bitcoin. (Ie. 1% of your bitcoin transaction, not "the fiat equivalent" at that point in time...) But indeed that still needs voluntary declaration of your bitcoin wallets, and that can't stop people from having hidden undeclared wallets...

Also technically speaking this is "money" that doesn't really enters or leaves the borders of the country the person resides in.
Well these areas have a lot to debate, and governments can study and find compromises that satisfy all parties, rather than outright ban it all, a war they have lost before even starting. Only 15 countries outright banned Bitcoin, after 10 years.

*How to destroy Libra: Arrest Zuckerberg, seize and shutdown all his companies, done.
Are you willing to risk investing in a coin that can disappear overnight? Nobody can destroy Bitcoin.

[pixie85]

I don't see a war. It's more of a defamation game where one side wants to show how stupid and weak the other side is. Governments and banks are discouraging people from investing in bitcoin by saying that it's weak and will not become a real currency and we bitcoiners are discouraging people from holding large amounts of fiat money because we see that it's weak.

[ljane]

Although the governments are doing their best to make sure that people have less interest in BTC but I don't think this will work out. What they have to know is that they can't control a decentralized system where BTC is the captain of it. They will always try but I don't think this will work.

[Decimation]

I know some might disagree here, but I think that all this news about cryptocurrency can't be bad. It's the exposure we need in order to become mainstream. It doesn't matter what the government wants if the people don't want it.

[Leyss]

So far, nothing serious has happened. Trump's saying in social networks is not so serious and dangerous for cryptocurrency. It is not an official document or position of the US government. In India, the attitude to cryptocurrency has not yet been determined, the situation there is not so hopeless. As for China, despite certain restrictions, Bitcoin and another cryptocurrency still goes there and is mined there.
Today, the most important thing is that the G-20 countries at the recent summit evaluated the cryptocurrency quite positively, the leadership of the European Union also favorably relates to it.

[Pyr3x]

This is not a war. Governments understand that they cannot win such a war. It's more like a provocation. Especially trump's tweets. But I doubt Trump would dare to do anything serious

[Jating]

We have been in this war for as long as I can think. But the thing is, it looks like the government has been intensifying its battle. But I'm surprised at all, the only thing they can do is just to regulated it. Of course out right banning is the worst, however, I don't think that government is stupid enough to miss the large tax they going to shoulder for crypto enthusiast. So they would rather let the people enjoy it, then put a regulatory framework.

[krb91]

I feel its the fear of the power cryptocurries and block chain technology wields that scares governments being the apex centralized system of any nation. Decentralization and its potential completely takes the power from all major establishments like banks, insurance companies and the likes, fully empowering the masses.

[saifulbdit91]

many countries government are already banned using cryptocurrency but most important think that no step will work to stop using crypto as its very easy to use ..

[Oyarebu]

Government cannot win this war against the cryptocurrency because cryptocurrency us a technology. When the INTERNET came out, they fought against it and later joined into the same wagon, likewise this war against the cryptocurrency. They Will join and support their coins because they can't kill it nor ban it.

[bitcoin-shark]

is a lost battle for the governments, bitcoin is big for this, it is not tied to a country or something physical, even if all the countries of the world except one will forbid it,it would be enough the servers of that country to make it circulate globally, so this is his strength...

[Lauren Smith]

*Yawn* Aren't you tired of this?
Bitcoin is not banned in China.
Bitcoin will not be banned in India.
Trump is a moron and so is anyone who listens to or supports his dumbass.
I think he just likes people to dislike him. The guy has been talking shit even 10 years ago. Look his history up. He is just a twat.

Only savages put none violent offenders into prison anyway. The whole idea of putting someone in a cage is fucked. Think about it.
If bitcoin ever gets banned then the law means nothing and freedom doesn't exist and you may as well just do as you wish.

[Maxon111]

One of the most incredible market rallies in history has finally forced governments around the world to regulate the cryptocurrency industry. Their approaches are very different: from mass bans in China to licensing exchanges in Japan and a very loyal regime in Switzerland. Some countries, such as the United States and Russia, have yet to formulate a holistic strategy.

[beatzcoin123]

China has lifted the ban it placed on crypto, I read from some article about this and I think this is big news for crypto currency. Its really an all out war but bitcoin will win this war.

[Nellayar]

*Yawn* Aren't you tired of this?
Bitcoin is not banned in China.
Bitcoin will not be banned in India.
Trump is a moron and so is anyone who listens to or supports his dumbass.
I think he just likes people to dislike him. The guy has been talking shit even 10 years ago. Look his history up. He is just a twat.

Only savages put none violent offenders into prison anyway. The whole idea of putting someone in a cage is fucked. Think about it.
If bitcoin ever gets banned then the law means nothing and freedom doesn't exist and you may as well just do as you wish.

Bitcoin is said to be the enemy of the government. I don't know why bitcoin is a threat with them. But I guess they are threatening in bitcoin because the people might change their preferences into digital payment method. However, there are still countries that accept bitcoin and government never threatened because they know how it will be good in the economy.

[BitcoinPanther]

This is some kind of a FUD. We are aware of what is happening to Bitcoin and other countries but it doesn't represent all of the countries. Why we are focusing on countries that are not yet familiar with all the benefits Bitcoin can give to them. I think we need to help strengthen every country that supports. In our own little way, let us create programs that will spread awareness and we can even help them to their needs so they can be a living proof that Bitcoin and Blockchain Technology can change their lives and their country.