Government's actions against crypto - page 12.

jaberwock

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Quote from: Sidra101 on May 02, 2023, 11:37:03 PM

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.

Cryptocurrencies are volatile so ups and downs are pretty normal here. Governments have ups and downs too but I wonder if what conflict would that be, you're talking about. In case the US government bans crypto, cryptos will definitely be affected and their value can go down again but good cryptos will never die.

Only people residing in the US countries are mainly the ones that will be affected with this. Moving in another country where cryptos are still legal, sounds like a plan. In fact lots of people in China are said to do the same move because cryptos in China are also banned. I'm lucky that my country never bans crypto. I wish they will stay like this forever because I am already used to crypto.

timoshani

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Quote from: fvb on May 08, 2023, 12:43:07 PM

Such a conflict situation is noticed not only in the states, but also in other countries. Because the industry is not fully controlled, and this, as you know, is not beneficial for certain circles. In my opinion, this should not be controlled, because then the idea itself will die

The issue of state control over the cryptocurrency is only a matter of time. The more bullish trends, as in 2017 and as in 2020, the more government agencies will get into crypto regulation. This point should be understood and not particularly hoped that the state will not notice a large profit of a particular person.

ije07

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Things like this will continue to happen on cryptocurrency every year because there hasn't been a proper regulation to regulate all of this, so it will remain a debate, and when the U.S. government says it will have a negative impact in the coming months, remember that whales will always wait at a lower price, and there will be speculation again for investors when the rules of one country emerge, and maybe later there will be more conflicts.

fvb

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Such a conflict situation is noticed not only in the states, but also in other countries. Because the industry is not fully controlled, and this, as you know, is not beneficial for certain circles. In my opinion, this should not be controlled, because then the idea itself will die

riskarcher

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Quote from: Ziskinberg on May 08, 2023, 07:44:02 AM

Quote from: bettercrypto on May 08, 2023, 01:45:52 AM

I just noticed that in the U.S. they are too proud of themselves. Because they want to control the cryptocurrency or Bitcoin since then, and this can't happen and they can't do it either.

Just like the coinbase that they questioned, now because the coinbase is in the territory of the U.S. so this company has decided to move to a country that accepts the cryptocurrency unlike the U.S. which suppresses the cryptocurrencies in their country.

After China, it was the US government has been hard on crypto, and implementing strict rules will push the crypto business to transfer to another country. I'm not going to say that they must be friendly to crypto but at least they are fair enough in regards to implementing rules so everyone could also have a fair experience.

When a government sees crypto has no use for them, they will throw it and ban them. I won't say it was a threat to their finances but because users and holders never pay their taxes, their solution is to stop people from using this and urge them to set back and stay on fiat money.

Currently fiat money is not solution for invest so many people allocate their money to Gold and crypto. due to money is centralize under the US government and all over in the world thinking for using each transaction money by their country and especialny its make FED confused with all situation that has been change in the world. Many people will be leaving USD and be independent on their coutry and not depend with US goverment anymore. Hopefully it will make people realize competitive of sector finance it will hard and should collaboration with cryptocurrency in the future

Ziskinberg

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Quote from: bettercrypto on May 08, 2023, 01:45:52 AM

I just noticed that in the U.S. they are too proud of themselves. Because they want to control the cryptocurrency or Bitcoin since then, and this can't happen and they can't do it either.

Just like the coinbase that they questioned, now because the coinbase is in the territory of the U.S. so this company has decided to move to a country that accepts the cryptocurrency unlike the U.S. which suppresses the cryptocurrencies in their country.

After China, it was the US government has been hard on crypto, and implementing strict rules will push the crypto business to transfer to another country. I'm not going to say that they must be friendly to crypto but at least they are fair enough in regards to implementing rules so everyone could also have a fair experience.

When a government sees crypto has no use for them, they will throw it and ban them. I won't say it was a threat to their finances but because users and holders never pay their taxes, their solution is to stop people from using this and urge them to set back and stay on fiat money.

bettercrypto

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I just noticed that in the U.S. they are too proud of themselves. Because they want to control the cryptocurrency or Bitcoin since then, and this can't happen and they can't do it either.

Just like the coinbase that they questioned, now because the coinbase is in the territory of the U.S. so this company has decided to move to a country that accepts the cryptocurrency unlike the U.S. which suppresses the cryptocurrencies in their country.

bussybuddy

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The fact that the US government may introduce new regulations to monitor and control activities related to cryptocurrencies could cause concern and insecurity for market participants crypto. And crypto-related companies and investors could face hefty bans or fines if they fail to comply with new government regulations.
And we all know that the US is not the only country that has problems surrounding cryptocurrencies, in general, things are really unclear and only instantaneous, the cryptocurrency market today is growing very strongly, and I think in the future there will be harmony with the government with this market.

Xal0lex

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Quote from: Sidra101 on May 02, 2023, 11:37:03 PM

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.

This is not the first time when some government declares war on the crypto industry. We immediately think of China with their ICO ban or Bitcoin ban. Then everything goes back to normal. I am sure that this next attack of American government on crypto exchanges and crypto industry was organized for a reason. As always, FUD rules the market and many in a panic make rash actions and take hasty conclusions, and some make their own personal profit and profit from it.

Luffygroove

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The US government's relationship with the cryptocurrency market has been complicated, since numerous governmental measures and remarks have had an impact on the sector. The government's initiatives are meant to improve investor protection and stop fraudulent practices, despite the fact that there have been some instances of dispute and controversy. While some businesses might have trouble adhering to rules, it's also crucial to remember that the government is open to working with the business community to create solutions that are advantageous to both parties. The success of cryptocurrencies in the US will ultimately depend on regulators and industry participants working together to strike a balance between innovation and regulation.

GreatArkansas

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Quote from: Sidra101 on May 02, 2023, 11:37:03 PM

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.

I believe that this is only temporary, this shake in the cryptocurrency market and regulation will just on the early days, we all know cryptocurrency is still it's on the early days which for me, I agree with it. We can relate this to the early days of gold before.
Just think that we are now living now in high technology, and in our day-by-day lives we are always using technology, so think about Bitcoin and other cryptocurrencies.

Yatsan

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Quote from: Sidra101 on May 02, 2023, 11:37:03 PM

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.

Source?

We are all awre that there are governments who are against usage of cryptocurrency, and this is evident for years. Fortunately, there are countries which support this technology as an alternative mode of payment making the situation neutral in general; there are those who supports and those which prohibits. Nowadays, I don't think this issue is as hot as before, most of the countries are now netural with cryptocurrency issues on their end so I doubt with totally shutting this industry. Their take on its usage is regulation of transaction which is being worked by them thru third party applications and not by merely forcing it out. The market value of powerful fiat are receding at this point and as a counterpart, the prices of crypto increases. Right now, more people are engaging in this industry, and that is something to be okay with, atleast for now.

ololajulo

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A few days ago, I came across an article stating that Coinbase was considering moving its headquarters to another country because of the unclear regulatory direction on cryptocurrency in the current location. However, it seems that the CEO has had a change of heart as of yesterday. This news is likely a relief to cryptocurrency traders in the country, as the CEO has access to information that he finds welcoming and reassuring for both the cryptocurrency industry and his business in the USA.

Anonymous100

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Quote from: Sidra101 on May 02, 2023, 11:37:03 PM

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.

America will continue to monitor the exchanges operating in their territory. If they find something odd, one of them is manipulating the trading volume, and/or manipulating the number of coins in circulation. Then they will delegate it to the SEC as the authority on crypto companies.

Mr.sprin

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Will the US take steps like China? banning crypto in their country, but you need to know that with the US doing that crypto will fall, isn't crypto not holding on to a country or whatever it is as long as investors still believe in crypto then as long as crypto is still developing and keep growing.

coin-investor

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Quote from: Sidra101 on May 02, 2023, 11:37:03 PM

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.

Nothing new here it's always been the way the government tries to find a way to control Cryptocurrency based companies, but ends up doing cooperation because they cannot stop a technology that has been adopted by the majority of countries now, they cannot stop it for a decade, they cannot stop it now.
A country's administration changes but Cryptocurrency is definitely here to stay they can ban it now but there will be a new administration that willingly accepts Cryptocurrency and adapt it to their system, it's only a matter of time but maybe not in one country but soon adoption will come to that country.

fuguebtc

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Quote from: Silberman on May 07, 2023, 01:14:37 AM

Quote from: Rasa nanas on May 06, 2023, 07:18:22 PM

Can you explain in more detail about the problem you are talking about? since I played crypto in 2017 until now I often hear news like this, government vs crypto is an old problem in crypto. but what has happened so far is that cryptocurrencies continue to grow, bitcoin and altcoin prices continue to increase and more and more new projects appear.

It seems the US wants to impose harsher regulations against this market and for what I have heard even a 30% tax on your gains on this market, a tax that is ridiculous high, if such a law passes you can be sure that many businesses related to this market will leave the US probably to never return, now such a thing does not affect me but at the same time the US has many allied countries, and if the US take this posture then it is likely many other countries will begin to do the same thing during the next years, possibly affecting a great deal of the participants of this market.

Do you have a link for this? As far as I remember, they only tax the miners, not all the investors. If they do, it is no different from the policy that the Indian government is imposing on the crypto market. A policy that will cause many people to evade taxes, leaving the US market searching for other potential markets. But I don't think they are against crypto, they are simply making money from us, they have let us free for a long time, and now they see its potential.

FrozenBit

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Abuse of power and giving some false views about the market is what I have seen over the years not only the US government but also many other countries. Agreeing on the legal corridor to use cypto is still not clear, but looking at the way that governments judge and impose this market is really unfair, they just want to control everything and put restrictions on it. takes place without talking about the positives that this market brings, sometimes I even see it as a ploy for personal gain. But maybe the way I see this future of crypto-market harmony is going to be commonplace as we increasingly see the possibility of a real problem-solving from the field, and the truth is not. Whether trying to cover it up or distort it, it also creates an opportunity for other crypto companies and other countries to become major hubs of the crypto market.

Silberman

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Quote from: Rasa nanas on May 06, 2023, 07:18:22 PM

Can you explain in more detail about the problem you are talking about? since I played crypto in 2017 until now I often hear news like this, government vs crypto is an old problem in crypto. but what has happened so far is that cryptocurrencies continue to grow, bitcoin and altcoin prices continue to increase and more and more new projects appear.

It seems the US wants to impose harsher regulations against this market and for what I have heard even a 30% tax on your gains on this market, a tax that is ridiculous high, if such a law passes you can be sure that many businesses related to this market will leave the US probably to never return, now such a thing does not affect me but at the same time the US has many allied countries, and if the US take this posture then it is likely many other countries will begin to do the same thing during the next years, possibly affecting a great deal of the participants of this market.

Rasa nanas

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Can you explain in more detail about the problem you are talking about? since I played crypto in 2017 until now I often hear news like this, government vs crypto is an old problem in crypto. but what has happened so far is that cryptocurrencies continue to grow, bitcoin and altcoin prices continue to increase and more and more new projects appear.

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