Government's actions against crypto - page 9.

user210822

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Quote from: Inspiron14 on May 31, 2023, 02:37:30 AM

China, Russia and Thailand are countries that are very friendly to crypto currency users,

Man, that is quite a bold statement. In Mother Russia they use to say: "don't you dare to ask what country may do for you, better think how much you owe to your country's supreme leader!" Grin

Quote

if the US bans currency crypto money maybe it will become a weapon that can destroy themselves

Watching a few TV Business Channels broadcasting from the US only I see bitcoin ratings alongside US Dollar and main Top Exchange markers. Which shows relation towards crypto from business society in US only. Don't trust my words - see for yourself!

Inspiron14

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Quote from: Sidra101 on May 03, 2023, 12:37:03 AM

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.

yes, it's a shame that the US really doesn't like cryptocurrencies even though many large countries are currently competing to adopt cryptocurrencies,
China, Russia and Thailand are countries that are very friendly to crypto currency users,
of course if the US bans currency crypto money maybe it will become a weapon that can destroy themselves,
we'll see in the future whether they change their minds?

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Quote from: Sidra101 on May 03, 2023, 12:37:03 AM

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.

In other countries, such as Japan and Switzerland, cryptocurrency adoption has been received more openly. They have issued clear regulations to facilitate the growth and development of the cryptocurrency market in their countries and there are also countries that prohibit or restrict cryptocurrencies, such as China which has banned exchange activities and Initial Coin Offerings (ICOs).

However, when viewed as a whole, government actions against cryptocurrencies are still very diverse. The sustainability and future of cryptocurrencies is greatly influenced by how governments and markets can strike the right balance between necessary regulation and supporting market innovation and growth.

SaveOurSea

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Quote from: danskgraes on May 31, 2023, 01:03:09 AM

Quote from: Abiky on May 30, 2023, 12:20:17 PM

As it's said in the real world, "if you can't beat them, join them". Governments already noticed their efforts to take down crypto/Blockchain tech are futile. So they'd have no other choice but to join the revolution. The most likely case would be giving the "green light" for anyone to use crypto as long as taxes are paid in return. Everybody wins this way.

I think even oppressive governments like China and Russia will change their mind and adopt decentralized cryptocurrencies for their own benefit. China already took a step forward by choosing Hong Kong as the next epicenter of crypto/Blockchain tech. It's seeking the investment of prominent crypto companies and startups within the region. Maybe Russia will do something similar in the long run? Whatever happens, you can rest assured crypto won't be going anywhere soon. It's here to stay forever. Who knows if it lives alongside digital Fiat currencies (CBDCs) for generations? Just my opinion

I agree. Crypto is not going anywhere. In fact, it's gaining more traction and legitimacy each day. Governments, regardless of their initial stance, will eventually realize the potential economic and technological advantages of embracing cryptocurrencies. It's an exciting time to be a part of this revolution, and I'm optimistic about the future of crypto alongside digital fiat currencies."

in 2017 China banned Bitcoin and Bitcoin could reach $26k, and in 2023 China legalized Bitcoin and crypto currency of course this will be very strong bullish,
because the marketcap of a big country like China will enter the crypto market, yes this indicates that the government has supports Bitcoin and cryptocurrencies,
but some countries still haven't legalized it, it just takes time for that to happen.

disconnectme

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I have a feeling the reason why there is a sudden hostility against Crypto is because of the large decline of US based crypto companies, FTX in particular, US wants to be number in every space and want to be the one dictating the terms and conditions but it is not so, Binance is the Ultimate in this space and I have a feeling they don't like it, Tether also is being victimized while USDC was given a free ride, just looked at what happens to BUSD for no reason while USDC was not affected in any form, both being a US based company but what is the sin of BUSD, it was branded as Binance Stable coin when people talk about Government, it is the people behind this organs of government that are bad

danskgraes

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Quote from: Abiky on May 30, 2023, 12:20:17 PM

As it's said in the real world, "if you can't beat them, join them". Governments already noticed their efforts to take down crypto/Blockchain tech are futile. So they'd have no other choice but to join the revolution. The most likely case would be giving the "green light" for anyone to use crypto as long as taxes are paid in return. Everybody wins this way.

I think even oppressive governments like China and Russia will change their mind and adopt decentralized cryptocurrencies for their own benefit. China already took a step forward by choosing Hong Kong as the next epicenter of crypto/Blockchain tech. It's seeking the investment of prominent crypto companies and startups within the region. Maybe Russia will do something similar in the long run? Whatever happens, you can rest assured crypto won't be going anywhere soon. It's here to stay forever. Who knows if it lives alongside digital Fiat currencies (CBDCs) for generations? Just my opinion

I agree. Crypto is not going anywhere. In fact, it's gaining more traction and legitimacy each day. Governments, regardless of their initial stance, will eventually realize the potential economic and technological advantages of embracing cryptocurrencies. It's an exciting time to be a part of this revolution, and I'm optimistic about the future of crypto alongside digital fiat currencies."

nur rochid

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Quote from: Ngemmeng on May 29, 2023, 08:13:33 PM

Quote from: podluznyj on May 29, 2023, 12:35:25 PM

Quote from: Sidra101 on May 03, 2023, 12:37:03 AM

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.

Yes, today in America there are not very good conditions for cryptocurrencies, they have constant courts and proceedings there and this does not play into the hands of the crypto industry, I think that all this will end up not the best side for the crypto industry, that is, the government will definitely push the crypto industry, but what will these guys do not know how to sit on a chair

for the long term it may not have an effect because crypto can recover but for the short term it may be very influential because America is the owner of the strongest currency at the moment, namely USD. this kind of conflict is common, there must be a time when this conflict will subside and crypto starts to recover and grow again.

broadly speaking, there is indeed an influence, although not significant for the future development of cryptocurrency. Economic issues that occur in the world will have an impact on the development of cryptocurrency, even if it is only temporary or has a small impact, as is the case in the US. however, we as investors have no influence on activities in crypto, if the price goes down then that is an opportunity, because indeed crypto is a means of making money at this time, even though basically it is also a currency

Amejoaquim

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I think thats normal action because most people investing in crypto just wanna to invest in shitcoins then they hope to catch the wave at the top and use other peoples money as liquidity.
No one expects MEME coins to be useful longterm, they are created exactly like a casino, people pool the money in and the lucky ones share the winnings.

Abiky

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Quote from: uneng on May 28, 2023, 07:09:17 PM

Actually there is nothing US government or any other government from other countries can do against cryptocurrencies, because they work in a decentralized format out of governments' control. Authorities can impose how many bans they want on crypto, and their citizens will still use and invest on it, like we have been seeing in China, Egypt, Bolivia and other countries where crypto is illegal.

To deal with crypto is already part of the daily and private routine of many people around the world. It can't be stopped anymore and governments aren't fool: they know about that! So why to start a conflict for something that is out of their control and that can't be solved as they desire? Of course they will go through the diplomatic route.

As it's said in the real world, "if you can't beat them, join them". Governments already noticed their efforts to take down crypto/Blockchain tech are futile. So they'd have no other choice but to join the revolution. The most likely case would be giving the "green light" for anyone to use crypto as long as taxes are paid in return. Everybody wins this way.

I think even oppressive governments like China and Russia will change their mind and adopt decentralized cryptocurrencies for their own benefit. China already took a step forward by choosing Hong Kong as the next epicenter of crypto/Blockchain tech. It's seeking the investment of prominent crypto companies and startups within the region. Maybe Russia will do something similar in the long run? Whatever happens, you can rest assured crypto won't be going anywhere soon. It's here to stay forever. Who knows if it lives alongside digital Fiat currencies (CBDCs) for generations? Just my opinion

Ngemmeng

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Quote from: podluznyj on May 29, 2023, 12:35:25 PM

Quote from: Sidra101 on May 03, 2023, 12:37:03 AM

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.

Yes, today in America there are not very good conditions for cryptocurrencies, they have constant courts and proceedings there and this does not play into the hands of the crypto industry, I think that all this will end up not the best side for the crypto industry, that is, the government will definitely push the crypto industry, but what will these guys do not know how to sit on a chair

for the long term it may not have an effect because crypto can recover but for the short term it may be very influential because America is the owner of the strongest currency at the moment, namely USD. this kind of conflict is common, there must be a time when this conflict will subside and crypto starts to recover and grow again.

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Quote from: bluedeep on May 27, 2023, 11:48:02 PM

crypto is still banned in almost several countries. There are some countries that ban it for several days

Such processes are ongoing since crypto was born and still govt. trying to have the controll over it. Besides Crypto is legal in so many countries till now but i agree most of influencer countries implicitly banned crypto.

Quote from: bluedeep on May 27, 2023, 11:48:02 PM

But I think after a few years crypto will be declared legal in all countries. It seems that crypto will go to a better state.

of it will be. Crypto may banned but people from almost all country using crypto and keep involving with it nowadays. So is hard to stop crypto by banning rather it will archive next level success as you said

podluznyj

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Quote from: Sidra101 on May 03, 2023, 12:37:03 AM

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.

Yes, today in America there are not very good conditions for cryptocurrencies, they have constant courts and proceedings there and this does not play into the hands of the crypto industry, I think that all this will end up not the best side for the crypto industry, that is, the government will definitely push the crypto industry, but what will these guys do not know how to sit on a chair

RussianEnglishTranslation

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Quote from: Sidra101 on May 03, 2023, 12:37:03 AM

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.

Regulations are coming and soon DeFi will require KYC. Only a couple blockchains have Digital ID infrastructure ready right now to comply and billions of dollars will rush into these cryptos: Internet Computer, Polygon, Q Blockchain.

uneng

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Actually there is nothing US government or any other government from other countries can do against cryptocurrencies, because they work in a decentralized format out of governments' control. Authorities can impose how many bans they want on crypto, and their citizens will still use and invest on it, like we have been seeing in China, Egypt, Bolivia and other countries where crypto is illegal.

To deal with crypto is already part of the daily and private routine of many people around the world. It can't be stopped anymore and governments aren't fool: they know about that! So why to start a conflict for something that is out of their control and that can't be solved as they desire? Of course they will go through the diplomatic route.

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The relationship between the US government and the cryptocurrency market is complex and evolving. Regulatory measures and policy decisions can have significant impacts on the industry. It is important for individuals and businesses to stay informed about any potential conflicts or changes in regulations and adapt accordingly. The outcome of this ongoing interaction will undoubtedly shape the future of cryptocurrency, and it's crucial to monitor developments and make informed decisions based on the evolving landscape.

bluedeep

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Quote from: JahriMeayer on May 27, 2023, 01:01:14 PM

This wouldn’t be so what you are thinking. If Government takes action against crypto, then their economic status will also be affected. Government always wanted to control crypto but banning crypto wouldn’t let them fulfill their dream of controlling. Rather they could ask centralized Currencies to cooperate with them by following their regulations. Shutting down company or shifting somewhere else, is over thinking but if company can make profit through shifting themself, then they'll definitely do

crypto is still banned in almost several countries. There are some countries that ban it for several days and declare it legal for several days. But I think after a few years crypto will be declared legal in all countries. But now crypto is in the state. It seems that crypto will go to a better state. People of almost all countries are getting many opportunities through crypto.

JahriMeayer

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This wouldn’t be so what you are thinking. If Government takes action against crypto, then their economic status will also be affected. Government always wanted to control crypto but banning crypto wouldn’t let them fulfill their dream of controlling. Rather they could ask centralized Currencies to cooperate with them by following their regulations. Shutting down company or shifting somewhere else, is over thinking but if company can make profit through shifting themself, then they'll definitely do

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Quote from: judeafante on May 23, 2023, 07:06:52 PM

Quote from: Sidra101 on May 03, 2023, 12:37:03 AM

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 new this has been going on since Bitcoin came into existence but we are still winning, there's a lot of struggle but the community keeps holding on and many of those who are adopting Cryptocurrency are big people and this is what makes adoption easy, and this what makes the government action limited, especially to democratic countries, after ten years only the ultra communist and totalitarian countries are not yet adopting Cryptocurrency, but they will soon be.

Kinda doubt that. Totalitarian countries might just consider creating their own digital coin to avoid having to deal with decentralization. To be fair, democratic countries had been taxing cryptos for a while now and that could be the least thing they could do to at least regulate crypto especially Bitcoin.

Bans still happen to some countries for various reasons and at the same time, they thought that paper money is the only solution to avoid money laundering, lol.

Quote from: MFahad on May 24, 2023, 02:20:14 AM

It is true that If us banned crypto currency then it will put affect on mamy centralized exchange and some tokens project and it will cause a market to crash. This crash will not for long term because They have no power upon dex exchange and token project. China banned crypto and we seen short term crash of Market but now crypto market is looking more stronger then before which shows that no one can stop devolping of crypto.

we should be positive and don't be panic from these news as they can only legalize in their own country and if we talk about whole crypto, then crypto will remain the same and will process im Decentralized way.

This kinda reminds me of those days when panic selling were like surging. Seeing the market crash just like that back in 2018-2019, just makes me think that even if crypto gets banned worldwide, people will still look for ways to still get into crypto.

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Quote from: Andrija Branislav on May 24, 2023, 12:18:12 PM

Correct. the cryptocurrency market faces increasing challenges from time to time and if I look at the developments from the news media that Bank of America predicts limited profits and the US Treasury is exploring potential payment delays. With fading confidence, limited catalysts, and comparisons to previous years' performance, the future of cryptocurrencies hangs in the balance, leaving investors and enthusiasts eagerly awaiting the next turn of events.

The digital currency landscape is entering an important phase. Will it be a temporary setback or turning point in the trajectory of the digital financial system? Only time will tell what the answers lie in this captivating field of innovation and uncertainty.

The US will do everything in its power to protect the USD's status as the reserve currency of the world. It's said that some countries' decision to move away from the USD has led the US government to take hostile action against the crypto industry. That, and also the fact that the FTX collapse made many politicians furious. Don't be surprised if other governments do the same to reduce crypto's dominance over the mainstream economy. After all, they don't want something decentralized to empower people to be their own bank.

This will be an ever-lasting battle between governments, banks, and crypto alike. We need to preserve decentralization and censorship-resistance at all costs. Only then, crypto will be able to survive a lifetime. Who knows if it ultimately beats Fiat for good? Just my thoughts Grin

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Correct. the cryptocurrency market faces increasing challenges from time to time and if I look at the developments from the news media that Bank of America predicts limited profits and the US Treasury is exploring potential payment delays. With fading confidence, limited catalysts, and comparisons to previous years' performance, the future of cryptocurrencies hangs in the balance, leaving investors and enthusiasts eagerly awaiting the next turn of events.

The digital currency landscape is entering an important phase. Will it be a temporary setback or turning point in the trajectory of the digital financial system? Only time will tell what the answers lie in this captivating field of innovation and uncertainty.

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