Bitcoin/crypto is regulated in the US.Does the US government want to impose even more regulations over the cryptocurrency industry?
Why Elon Musk suddenly started to care about the crypto industry?He dumped Bitcoin a few months ago,the Bitcoin community hates him.I think that nobody in the US government cares about Elon Musk's opinions.
The is article seems like hidden FUD,because it suggests that there's a possibility for the US authorities to ban Bitcoin and cryptocurrencies in general.Such possibility exists,but the chances are way lower,compared to the China crypto ban.
Topic: Advise on Bitcoin Ban/Regulation to the US government - page 2. (Read 255 times)
And that is exactly what China did, they did nothing to cryptocurrency but Ban.
Do you think this is what Elon wants to say? It's too late to say, no regulations now because the senate had spent countless hours already to come up with something so they could control the growth. I think the regulation is good, the regulatory board however has to be educated that they can understand where they can only regulate the transactions.
Us government is basically a free market based on capitalism which is completely different to china,
Don't think they are so different, since Den Xiaoping opened the economy to capitalism and today it is relatively liberalized. Nor can we speak of a strict free market in the USA with the amount of regulations there are. But I still prefer the US economic system to the Chinese one, that's for sure.
Considering this development, a whale in the crypto industry, ELON MUSK, has ditch out his advice to the United States,
Do nothing to cryptocurrency, either in form of regulation or ban, his judgment is base on the fact that the decentralized nature of cryptocurrency makes it impossible to be regulated.
https://cointelegraph.com/news/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk
Do nothing to cryptocurrency, either in form of regulation or ban, his judgment is base on the fact that the decentralized nature of cryptocurrency makes it impossible to be regulated.
https://cointelegraph.com/news/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk
The last thing he says is false. Nature is decentralized but of course it can be regulated and it has been done in most countries in the world. I think you are confusing regulating with controlling. Governments cannot control Bitcoin in the same way they can control a company that is based in their country, but regulate legislatively of course.
The US government is not going to pay any attention to Musk, they will continue to put regulations. I wish they would leave Bitcoin unregulated and let the actions of interacting individuals self-regulate the system, but no, in fact, the latest regulatory proposal seems like a bad joke.
https://sg.news.yahoo.com/elon-musk-urges-government-nothing-203008587.html
Aaaay! I actually agree with Elon Musk's opinion concerning Bitcoin for once. This is wishful thinking though, unfortunately. What are the chances that the government would just leave alone the asset class that's detrimental to their existence?
I am more certain that the US will become a competitor to China in this case. The US should take this moment to immediately adopt cryptocurrency or, most importantly, Bitcoin on a large scale. Because if the US follows what China is doing, it is clear that they have lost and are labeled as a country that only follows suit. Only one way to prove that the US is the most contributing country in growing the global economy is to decide to go against China in terms of the crypto industry.
I believe so too, the U.S. government will not trade that path China took and that single act is going to place the US on the top list of crypto-friendly countries in the future. The US may go in another direction by not having strong regulations but a flexible one that will allow an easy cryptocurrency adoption process and usage within its region. 
I am more certain that the US will become a competitor to China in this case. The US should make this moment to immediately adopt cryptocurrency or, most importantly, Bitcoin on a large scale. Because if the US actually follows what China is doing, it is clear that they have lost and are labeled as a country that only follows suit. Only one way to prove that the US is the most contributing country in growing the global economy is to decide to go against China in terms of the crypto industry.
Crypto regulations and the ban have taken over the news headline recently following china’s reinstatement of their earlier stance on cryptocurrency within the region.
On the 27th of September 2021, the Chinese government places a total ban on Bitcoin and other cryptocurrency in the country, a move I view as a political tool to pave way for their digital Yuan.
Considering this development, a whale in the crypto industry, ELON MUSK, has ditch out his advice to the United States,
Do nothing to cryptocurrency, either in form of regulation or ban, his judgment is base on the fact that the decentralized nature of cryptocurrency makes it impossible to be regulated.
https://cointelegraph.com/news/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk
Us government is basically a free market based on capitalism which is completely different to china, and that is why i think that the use of bitcoin and crypto is easier to control or rather monitor since they have ways to keeps an eye on people's income and transactions even if they are using bitcoin, so they are able to ban and they are able to somewhat prevent people from using it, but why not profit from them and make them pay taxes since it is a profitable market that has billions of dollars of income. On the 27th of September 2021, the Chinese government places a total ban on Bitcoin and other cryptocurrency in the country, a move I view as a political tool to pave way for their digital Yuan.
Considering this development, a whale in the crypto industry, ELON MUSK, has ditch out his advice to the United States,
Do nothing to cryptocurrency, either in form of regulation or ban, his judgment is base on the fact that the decentralized nature of cryptocurrency makes it impossible to be regulated.
https://cointelegraph.com/news/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk
US is completely different from china I doubt the US government would take the measures that china has taken, in the US there is democracy and the laws work (there are cases where justice fails for some citizens) but overall the US is completely different from the dictatorship chinese
Crypto regulations and the ban have taken over the news headline recently following china’s reinstatement of their earlier stance on cryptocurrency within the region.
On the 27th of September 2021, the Chinese government places a total ban on Bitcoin and other cryptocurrency in the country, a move I view as a political tool to pave way for their digital Yuan.
Considering this development, a whale in the crypto industry, ELON MUSK, has ditch out his advice to the United States,
Do nothing to cryptocurrency, either in form of regulation or ban, his judgment is base on the fact that the decentralized nature of cryptocurrency makes it impossible to be regulated.
https://cointelegraph.com/news/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk
On the 27th of September 2021, the Chinese government places a total ban on Bitcoin and other cryptocurrency in the country, a move I view as a political tool to pave way for their digital Yuan.
Considering this development, a whale in the crypto industry, ELON MUSK, has ditch out his advice to the United States,
Do nothing to cryptocurrency, either in form of regulation or ban, his judgment is base on the fact that the decentralized nature of cryptocurrency makes it impossible to be regulated.
https://cointelegraph.com/news/crypto-is-impossible-to-destroy-says-tesla-ceo-elon-musk
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