Government's actions against crypto

[cryptodude]

Government action against cryptocurrencies varies from country to country. Some governments have adopted cryptocurrency and blockchain technology. They recognized the potential for this innovation and economic growth. Implemented regulations to build a transparent market to prevent money laundering to ensure consumer rights. And other governments have taken a more cautious and even hostile approach. Various restrictions and outright bans have been imposed on cryptocurrencies.

[nicolas222]

The sec and the us government do not have control of the whole world, in their part of the world they try to stem the expansion of crypto and to keep financial control to traditional banks but it is a losing fight and they know it

[fzkto]

The sec and the us government do not have control of the whole world, in their part of the world they try to stem the expansion of crypto and to keep financial control to traditional banks but it is a losing fight and they know it

I think America is playing dirty against crypto. For example, China just banned crypto for a while, then created regulatory laws and first allowed it to be used in Hong Kong. And the US started an obscure interpretation about securities or not, which is almost 100 years old. Garry Gansler's face alone is not credible and I'm sure he made money from market manipulation.

[SelfCustody]

I wonder what the government thinks about privacy coins and if they have any plans to do actions against them.

[wheelz1200]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

It's a huge game of chicken.  No way does the united States want to lag behind in the tech sector.  The crypto sector is only growing and if you aremt on board you will be left behind.  Especially with the tense geopolitical pressure in the world today, any edge is a good one.  No clue why any country would fade crypto at this point.

[lalabotax]

Regulation of cryptocurrency allows to attract money in the economy of the country from cryptocurrency startups. Regulation protects the rights of investors and allows to develop cryptocurrency startups that are really necessary and useful for people.

As you know, in this country, where Bali is located, cryptocurrencies have been legally established in the regulations here, but as a commodity asset, may be traded and made as an investment in the crypto market with the respective risks borne by the perpetrators. But indeed, crypto is not allowed to be used as a means of payment. Because the legal means of payment here is only Rupiah. And this has been going on for a very long time, not only in Bali but in all places in Indonesia. So the governor only obeys the regulations set by the central government. And so far it has developed very well, because what's more, there are various payment methods that are indeed applied here, so it's not just traditional payments with banknotes.

[Lanatsa]

Regulation of cryptocurrency allows to attract money in the economy of the country from cryptocurrency startups. Regulation protects the rights of investors and allows to develop cryptocurrency startups that are really necessary and useful for people.

As you know, in this country, where Bali is located, cryptocurrencies have been legally established in the regulations here, but as a commodity asset, may be traded and made as an investment in the crypto market with the respective risks borne by the perpetrators. But indeed, crypto is not allowed to be used as a means of payment. Because the legal means of payment here is only Rupiah. And this has been going on for a very long time, not only in Bali but in all places in Indonesia. So the governor only obeys the regulations set by the central government. And so far it has developed very well, because what's more, there are various payment methods that are indeed applied here, so it's not just traditional payments with banknotes.

But still nothing beats out on what El Salvador did on which if we do speak about full acceptance then they are the ones who had made out the first decision on making Bitcoin as a legal tender.The rest might do able

to make out some adoption or recognition which is great but it would be more even great if they would really be doing on what El Salvador did but we know that there might be those places which are positive
about Bitcoins or cryptos existence but most of them would really be totally opposite of it on which ban and prohibition most of the time which it isnt surprising that they would really be having such approach.
Its not something new and we've seen tons of actions and movement been made about trying out to oppose its existence which its not shocking thing.

Good thing that recognition cant really be stopped despite of these bans and prohibitions but still this market do still shows up that progress that we are liking to see.

[AakZaki]

But still nothing beats out on what El Salvador did on which if we do speak about full acceptance then they are the ones who had made out the first decision on making Bitcoin as a legal tender.The rest might do able

to make out some adoption or recognition which is great but it would be more even great if they would really be doing on what El Salvador did but we know that there might be those places which are positive
about Bitcoins or cryptos existence but most of them would really be totally opposite of it on which ban and prohibition most of the time which it isnt surprising that they would really be having such approach.
Its not something new and we've seen tons of actions and movement been made about trying out to oppose its existence which its not shocking thing.

Good thing that recognition cant really be stopped despite of these bans and prohibitions but still this market do still shows up that progress that we are liking to see.

El Salvador is indeed a real example of Bitcoin adoption being carried out in a country. Their government has been studying how Bitcoin will be adopted and integrated into their economy. It's really been done. Other adoptions of course continue to develop over time, other countries are still conducting discussions and research whether it is needed or not.
Bans on the use of Bitcoin have become commonplace. Regulation only applies to the commodity sector and not entirely as a payment. Pros and cons regarding regulations still exist today. Mass adoption is still difficult to do. But see how the development of Bitcoin is getting faster. There are many new users or investors starting to enter.

[DeathAngel]

They can all only stifle crypto, not kill it. In the end they will all have to bend the knee or get left behind by other, more forward thinking, innovative nations. The US has done its best to keep the ball pushed under water but in the end, just like with that scenario we all know what happens. Crypto is going to play a huge part in the future of finance whether governments like it or not.

[Abiky]

They can all only stifle crypto, not kill it. In the end they will all have to bend the knee or get left behind by other, more forward thinking, innovative nations. The US has done its best to keep the ball pushed under water but in the end, just like with that scenario we all know what happens. Crypto is going to play a huge part in the future of finance whether governments like it or not.

Exactly. Crypto is like the Internet which can't be avoided. Either governments embrace crypto, or be left behind in the dust. You can see how China is reconsidering opening its arms to crypto/Blockchain tech through Hong Kong after a full blanket ban. Russia might change its stance next as it finds its economy crippled by Western sanctions.

If this keeps going on, we may find a world where crypto is legal in every country/region you could imagine. The US may be harsh against crypto, but I'm confident it will change its stance in the future due to pressure from investors, crypto exchanges, and companies alike. With how many years has passed since Bitcoin's inception, I think it's safe to say that decentralization has already won. Who knows if someday governments abandon Fiat currencies in favor of crypto? Just my thoughts

[Oilacris]

They can all only stifle crypto, not kill it. In the end they will all have to bend the knee or get left behind by other, more forward thinking, innovative nations. The US has done its best to keep the ball pushed under water but in the end, just like with that scenario we all know what happens. Crypto is going to play a huge part in the future of finance whether governments like it or not.

Exactly. Crypto is like the Internet which can't be avoided. Either governments embrace crypto, or be left behind in the dust. You can see how China is reconsidering opening its arms to crypto/Blockchain tech through Hong Kong after a full blanket ban. Russia might change its stance next as it finds its economy crippled by Western sanctions.

If this keeps going on, we may find a world where crypto is legal in every country/region you could imagine. The US may be harsh against crypto, but I'm confident it will change its stance in the future due to pressure from investors, crypto exchanges, and companies alike. With how many years has passed since Bitcoin's inception, I think it's safe to say that decentralization has already won. Who knows if someday governments abandon Fiat currencies in favor of crypto? Just my thoughts

We've seen China did make out that ban decision towards crypto and its true that now that they have been making that consideration because if they would really be deciding on isolating themselves on

whats new or innovations which had been created then they would really be finding themselves get left on the dust which is something that wont really be that appealing at all. If you do really mind off
on not to be get left behind then of course even if you do prefer out that kind on having no decentralization which would really be that totally opposing thing about governance but it would really be leaving you no choice but to deal up with something like this.Its never been something new that they would really be going against on something that cant be traced nor cant really be controlled.

This is why we do really see different inputs and recognitions towards it existence and we know that most of them would really be trying out to get rid of it as much as they could
but we can really be able to see that there were governments or places who do really take out such consideration on accepting it at least which does prove out
that government could really still have those reconsiderations.

[Fredomago]

They can all only stifle crypto, not kill it. In the end they will all have to bend the knee or get left behind by other, more forward thinking, innovative nations. The US has done its best to keep the ball pushed under water but in the end, just like with that scenario we all know what happens. Crypto is going to play a huge part in the future of finance whether governments like it or not.

Exactly. Crypto is like the Internet which can't be avoided. Either governments embrace crypto, or be left behind in the dust. You can see how China is reconsidering opening its arms to crypto/Blockchain tech through Hong Kong after a full blanket ban. Russia might change its stance next as it finds its economy crippled by Western sanctions.

If this keeps going on, we may find a world where crypto is legal in every country/region you could imagine. The US may be harsh against crypto, but I'm confident it will change its stance in the future due to pressure from investors, crypto exchanges, and companies alike. With how many years has passed since Bitcoin's inception, I think it's safe to say that decentralization has already won. Who knows if someday governments abandon Fiat currencies in favor of crypto? Just my thoughts

I'll go with the possibilities that Russia will start reconsidering crypto, with how the western sanctions' affecting them they can resort to crypto, we never know if they already doing it, it might be possible that N.Korea, China and Russia are already doing it in exchange of what they needed and to stay being un-noticed they can use crypto as a channel for any transactions.

With such possibilities, the pressure from the US might change the direction of how they are seeing crypto, and like what you mentioned with the numbers of investors and traders, the chance is high to have a successful run.

[timoshani]

The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

It's a huge game of chicken.  No way does the united States want to lag behind in the tech sector.  The crypto sector is only growing and if you aremt on board you will be left behind.  Especially with the tense geopolitical pressure in the world today, any edge is a good one.  No clue why any country would fade crypto at this point.

It has previously been rumoured that a number of wallets on CoinBase are owned by government organizations. I think they are not lagging behind in the technological aspect, but on the contrary, they are keeping pace with the times. They just want to squeeze as big a piece out of this sweet pie as possible.

[Nazmul012]

Not only us govt. but some others govt. are also against crypto industry as they don’t habe fully control of it. But thats not new matter of concern, such things are on the way since years and still nothing is happened. But sec SEC some companies for some policy violence reason which could be really matter of concern but i hope no such big issue will come which will aganist cryptocurrency.

[Blitzboy]

They can all only stifle crypto, not kill it. In the end they will all have to bend the knee or get left behind by other, more forward thinking, innovative nations. The US has done its best to keep the ball pushed under water but in the end, just like with that scenario we all know what happens. Crypto is going to play a huge part in the future of finance whether governments like it or not.

Exactly. Crypto is like the Internet which can't be avoided. Either governments embrace crypto, or be left behind in the dust. You can see how China is reconsidering opening its arms to crypto/Blockchain tech through Hong Kong after a full blanket ban. Russia might change its stance next as it finds its economy crippled by Western sanctions.

If this keeps going on, we may find a world where crypto is legal in every country/region you could imagine. The US may be harsh against crypto, but I'm confident it will change its stance in the future due to pressure from investors, crypto exchanges, and companies alike. With how many years has passed since Bitcoin's inception, I think it's safe to say that decentralization has already won. Who knows if someday governments abandon Fiat currencies in favor of crypto? Just my thoughts

We've seen China did make out that ban decision towards crypto and its true that now that they have been making that consideration because if they would really be deciding on isolating themselves on

whats new or innovations which had been created then they would really be finding themselves get left on the dust which is something that wont really be that appealing at all. If you do really mind off
on not to be get left behind then of course even if you do prefer out that kind on having no decentralization which would really be that totally opposing thing about governance but it would really be leaving you no choice but to deal up with something like this.Its never been something new that they would really be going against on something that cant be traced nor cant really be controlled.

This is why we do really see different inputs and recognitions towards it existence and we know that most of them would really be trying out to get rid of it as much as they could
but we can really be able to see that there were governments or places who do really take out such consideration on accepting it at least which does prove out
that government could really still have those reconsiderations.

Your interpretation of China’s stance on cryptocurrency is interesting, albeit overblown to some degree. China's "ban" is more about maintaining order than it is about rejecting new ideas. Like a library, when silence is preferred above quiet. In fact, although in a centralized manner, China is at the forefront of the investigation of digital currencies. DCEP is their own take on the concept and could be the first digital fiat currency ever created. It's not so much that they're against crypto as it is that they want to bend it to their will. While it's true that certain nations' governments are more receptive to crypto than others, every nation has its own special considerations to take into account. Some people prefer the salad, while others head straight for the desserts at the buffet. We must wait and see how the international crypto scene develops

[RiverBoy]

As long the internet exist, government can't shut down cryptocurrency industries, but rather implement tasks and that is what everyone have to expect from government, because here in Africa cryptocurrency market has empower many people in one way the other to earn as a leaving, which government jobs can not do. Therefore the early you concentrate on your crypto business the better for you, even government staff, same of the are big investors in the ecosystem.

[Cryptozaika]

Goverments want to control their sitizens. One of the reason for it is a lot of criminals around the cryptocurrency. It is necessary increase the safety of cryptocurrency. Also people want that people will pay taxes from their crypto incomes.

[fzkto]

Goverments want to control their sitizens. One of the reason for it is a lot of criminals around the cryptocurrency. It is necessary increase the safety of cryptocurrency. Also people want that people will pay taxes from their crypto incomes.

There is a lot more crime going on in the world with scammers through cash dollars. If you think that guns or drugs are only bought with cryptocurrencies, you are wrong. The government wants to profit, just like you and me, through cryptocurrencies. When that moment comes, there will be nothing to do in this market, at least not as much of a roller coaster.

[khiholangkang]

As long the internet exist, government can't shut down cryptocurrency industries, but rather implement tasks and that is what everyone have to expect from government, because here in Africa cryptocurrency market has empower many people in one way the other to earn as a leaving, which government jobs can not do. Therefore the early you concentrate on your crypto business the better for you, even government staff, same of the are big investors in the ecosystem.

Actually the government can close access to it tightly, but they are also aware that the development of crypto currency and blockchain technology has future potential, more precisely they also don't want to be left behind if other countries adopt crypto, but with caution and fanaticism it is quite difficult, as well as knowledge openness about this industry they are still in the review stage, which makes it a little difficult for them to regulate crypto in their country.
We only need to wait for this moment, however, today's power holders are those who are old and find it difficult to adapt to the very fast progress of today's times, especially in the financial sector, of course, this must be studied as seriously as possible.

[QueenVera]

As long the internet exist, government can't shut down cryptocurrency industries, but rather implement tasks and that is what everyone have to expect from government, because here in Africa cryptocurrency market has empower many people in one way the other to earn as a leaving, which government jobs can not do. Therefore the early you concentrate on your crypto business the better for you, even government staff, same of the are big investors in the ecosystem.

The government can't shutdown the cryptocurency market but lets not undermine the power of the government because the government of every country is very powerful that if they wanted to make the lifes of cryptocurency investors miserable they can do that by passing laws that'll make cryptocurency investments not to look attractive to investors.
The government's are basically attacking cryptocurrency projects because they see them as a threat to their power and the government's don't want to lose power. Cryptocurency is decentralized but the government has no power to control a decentralized currency. Cryptocurency is giving power to the CEO of project like Cz because he's the CEO of Binance exchange.
He used his power to crash the price of FTX with negative tweets targeting the operations of the exchange. The government can also make the presence of a cryptocurrency project in their country relocation which could take the job of those working in the exchange away. Government are very powerful and if they decide to increase their attack on cryptocurency, it would have very negative effects on the market.