Will governments prohibit developers from creating a new coin?

[Jackl87]

As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide. They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good. One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run.

Thoughts?

I don't think that there is any way to stop devs from creating new crypto projects even if countries would try really hard to do that. I mean let's say a country would really ban crypto projects totally and would also forbid to develop crypto projects then developers in this country could still create a blockchain project and once it's finished launch it from another country via VPN or something. That is just the same that is already happening with some Websites that can't be accessed from certain country, just use a VPN and simulate that you are from another country and you can access the website. It could only be a problem if the devs get caught during the programming of the project.

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[7788bitcoin]

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I don't think that there is any way to stop devs from creating new crypto projects even if countries would try really hard to do that. I mean let's say a country would really ban crypto projects totally and would also forbid to develop crypto projects then developers in this country could still create a blockchain project and once it's finished launch it from another country via VPN or something.

I think you are aware that none of the projects accepts funds from US citizens, hope you are aware of the reason because the government does not allow to invest in these projects and have you gone through any legit projects that are still accepting seed funds from them, they will not if they want to continue with the project because they will get into trouble.

You can use VPN and other proxies to overcome restrictions to access a website, but when it comes to investment it is different, you could invest if the project is not asking for KYC and if it is a public sale but you cannot invest as a US citizen during private sale.

[cdog]

You can use VPN and other proxies to overcome restrictions to access a website, but when it comes to investment it is different, you could invest if the project is not asking for KYC and if it is a public sale but you cannot invest as a US citizen during private sale.

When requiring KYC verification, there is no way for participants to join from countries registered in the prohibition on private sale, except using data verification services for relatives from different countries or funding other people accounts that have been approved in the whitelist with an agreement on the profit sharing system but the risk is high if he steals tokens from private sale.

[Baihaki Khaizan]

we see a lot in various media, many countries prohibit the use of crypto currency in their country, for various reasons, such as money laundering, waste of electrical energy and others.  Even though there are negative assumptions from several countries, I think it is very difficult to kill the hegemony of cryptocurrencies, because there are advantages to cryptocurrencies which at this time are also increasing demand.  maybe even if there is a country that really wants to kill him, that is by cutting off the internet and electricity networks, and all humans return to ancient times.

[jostorres]

As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide. They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good. One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run.

It is possible for government to support/ignore a new cryptocurreny but only after they legalize the use of cryptos. I mean if government hate about having lots of cryptos and when they are advising their citizens about not risking with new things then there will be a healthy environment for investors. This will become possible for governments to analyze the projects to conclude about the project's worthiness before declaring about its approval level to their citizens.

[cabron]

We shall see because often times lobbyist will do sneaky things to insert something in the proposed bill to be approved overnight. If they are going to do this while many senators had already express their opinion about the supression of the innovation in this new industry, the support from big tech will come protesting.

Many of the has oppossed to the infrastructure.bill because its "unworkable" so they say that it will probably ruin this industry that already provide jobs for the people.

Blockchain is opensource by the way, nothing should stop developers from developing tokens. But listing to the market will probably be harder for its going to be regulated soon.

[shinratensei_]

focusing on exchanges or any hub connecting buyers and sellers is more efficient to control the flow of the market.

that's it. The government will never able to handle the decentralized technology such as EVM. People were running it on their nodes and that means if the token issuance will never able to be controlled by the authority.
That being said that if that will be a useless idea for the regulators to handle it. Exchange site was more than enough for them to monitor the situation rather than call a strange regulation for the token issuance

[avarnet]

The government has the right to prohibit technological developments from creating the latest Cryptocurrencies, but what about the government officials who are in it,,,,???
I mean, I mean a lot of officials who invest in crypto, so it's the opposite of officials who want to stop and who join in it, I think it's rather difficult for the government to stop the development of new crypto except in crypto there is no government in it

[coin-investor]

That will be their last resort and developers is going to protest this action and they will fight it in court because we have the freedom to express and creating a Cryptocurrency is a way to express ourselves or a company because Cryptocurrency can be a reward form, they are already regulating launching crowdfunding using Cryptocurrency, they don't have to go to that extent.

[TheUltraElite]

As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide.

They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good.

No, I do not agree with these statements. Thats seems like more of a totalitarian government where freedom of speech is crushed by the government, something that is not normal for a democracy to move in and something that is feared by many people and therefore the thought.

Government want innovation and they want its citizens to create new things for them to boast of. Going backwards in civilization is not what they wish to do.

One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run.

The exchanges that run have some government support and trade licenses, otherwise they would not exist in the first place. Understand for a fact that the ones that got raided and taken down have been into money laundering. If a certain development is occurring and there is no criminal activity linked to it, then the governments dont see any such forcible steps as necessary. Talking from where I am from which is a democracy, dont know about other countries though.

Such steps are not going to happen, even in far future.

[ARTURVH]

First of all, from the Block chain nodes of smart contracts all over the world. Each  government  has no ability to completely prohibit the issuance of new cryptocurrencies.
The purpose of the government is to strengthen supervision and increase tax revenue. Banning development is the most stupid act, and no government will  banning cryptocurrency developer totally.

[BigBos]

I also thought the same thing. however, I don't think it's an effective option for the government to ban this technology. however, it would be great if they just made regulations on this, as is the case in some countries. it would probably be great for a business tool, or an investment, but swapping it with Fiat would probably be better and support both parties. it's just that we don't know what the government is thinking. I think regulation banning cryptocurrencies is not a good choice because it will pressure this technology to fall.

[isaac_clarke22]

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They can ban people from trading in exchanges through regulation of each ISP existing out there, but people can still use VPNs to bypass that. Not sure about the latter, but people can still just code without the use of the internet and again if it would be prohibited to be listed in an exchange due to bans of their ISP, VPN would still be there in the end.

[Karartma1]

Open source code can't be stopped.
Open source code that runs on a global decentralized peer-to-peer network can't be stopped.
What are all the worries?
Bitcoin's out there since many years now and prove that a global decentralized network can survive even the worst attacks.
Of course, the network needs to reach mass adoption to survive.
For a new coin today that's the hardest part, to reach a great number of users wanting to power and preserve the network.
But the code's there for everyone to make use of it.

[feelideb]

Regulations may stiffle creativity and developers may be at the receiving end of goverment regulation hicupp or beureucracy! But the ability to create coin based on new ideas will still be there! There may be more requirement for a developer to be allowed to carry on such endervour. I believe cryptocurrency is good alternative to fiat and a better tool for processes and economic endavours!

[Reid]

Absolutely not No one can stop the development of new coins I think they will continue to evolve and grow and basically we will keep getting new coins including shit coins and money will keep changing hands so my advice is simple keep doing what you are doing and maybe take advantage of one or two fresh diamonds in the market and take care while it shines

Not true. They can stop it.
Try Binance as an example. No headquarters and some traders that had a problem with them do not know how to sue them without an address to fill up.
If you are a developer and creating a new coin for a new project you will need that because it will also add a trust rating that may become the reason to magnet purchasers. What if your government forbids it? It's not easy to move forward if your own country is against you.

[zasad@]

As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide. They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good. One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run.

Thoughts?

Governments have long understood this, so they are starting to implement CBDC.
Further, they will be able to easily analyze from what sources citizens receive their income and conduct a very tough policy.
In China, as early as next year, citizens will see all the negativity from the introduction of this total control over the population.
First, everyone will be promised huge bonuses, and then, when everyone gets used to it, another phase begins.

[iTradeChips]

I think that even if the governments will forbit developers from operating in their countries, the question is, was it implemented in the 11 year history of crypto? And if so, was it successful? Developers keeps on making coins and companies and projects keeps on supporting these ICOs and creating new coins and tokens for their money making efforts. Seems like any regulation that is being passed to them by governments have failed to destroy crypto and will continue to fail.

[Ararbermas]

I think it's impossible to stop those developers to create a new coin in the market, because they're totally anonymous. Indeed if its possible to stop those devs perhaps it already happened even before when bitcoin emerged and they discovered what are the disadvantages of it, but unfortunately they can't do such things and that's because most of the creators are untraceable as well and the type of technology we have here in space is different .. And probably for them its a waste of time . Lol because people always makes another way especially if they can make good income. 

[tyz]

I don't understand why people are always afraid that governments should ban anything regarding crypto. That just doesn't work. Why would the government want to ban the creation of new software, because coins and smart contracts are nothing else. Moreover, you can simply deploy the code anonymously. So how do they want to punish or prosecute that? Besides, something like this is nowhere up for discussion. Not even in China. That has recently been banned mining, but not the possession of cryptocurrencies.