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.

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[1715385770]

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[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 !