Topic: GOVERNMENTS CAN CONTROL CRYPTOCURRENCY - page 3. (Read 327 times)
Cryptocurrency was meant to be decentralized, give access to unlimited money possession, unable depositing and withdrawal without third party interference, but the rate at which KYC is require everywhere means government have started controlling cryptocurrency already.
Many of the crypto currency is decentralised one. Bitcoin is the decentralised digital currency,so it can't be controlled by any one.So I don't think bitcoin is control by the government. Some of government start to regulate the bitcoin, but this make people to pay tax.
They can't control cryptocurrency.They can stop using this but not 100% they can banned exchanger or many others think.But Yes they can dump or pump crypto currency.
They can control some of our lives and crypto is connected to them indirectly. I can't buy airplanes and boats without paying taxes.
I still need to convert my crypto to fiat in order to buy something. Those are some of the limitations for now.
I still need to convert my crypto to fiat in order to buy something. Those are some of the limitations for now.
Yes of course and we cannot live in uncontrolled world, it would lead to chaos.
They can control some of our lives and crypto is connected to them indirectly. I can't buy airplanes and boats without paying taxes.
I still need to convert my crypto to fiat in order to buy something. Those are some of the limitations for now.
I still need to convert my crypto to fiat in order to buy something. Those are some of the limitations for now.
of course the Government can control the CRYPTOCURRENCY as the Government also played an important role since it was set up by government financial and although bitcoin is not from the Government but the Government also has the right to set up CRYPTOCURRENCY It is also because the Government set the value of the money.
They don't want to control bitcoin or any other cryptocurrency, they want to control investors, exchanges and ICOs, if they can do it, to some extent they can control this market as well.
There have been a lot of arguments concerning this topic. Again, there have been a lot of pronouncements from governments officials pertaining cryptocurrency control and people actually reacted to them.
Even though some governments may want people to think they control and regulate cryptocurrencies, that is far from the case, as cryptocurrency cannot be regulated or controlled by default. Companies providing solutions related to this new form of money, on the other hand, are subject to existing guidelines which apply to other financial service providers as well. The flow of money in the cryptocurrency world is not controlled by any central authority, nor will it ever be.
What is your own thoughts about this?
I don't think anyone can control the dispersed cryptocurrency, which is impossible. Cryptocurrencies are dispersed and anonymous, and the government cannot control the cryptocurrency itself. They can only control the exchange. Even though some governments may want people to think they control and regulate cryptocurrencies, that is far from the case, as cryptocurrency cannot be regulated or controlled by default. Companies providing solutions related to this new form of money, on the other hand, are subject to existing guidelines which apply to other financial service providers as well. The flow of money in the cryptocurrency world is not controlled by any central authority, nor will it ever be.
What is your own thoughts about this?
There have been a lot of arguments concerning this topic. Again, there have been a lot of pronouncements from governments officials pertaining cryptocurrency control and people actually reacted to them.
Even though some governments may want people to think they control and regulate cryptocurrencies, that is far from the case, as cryptocurrency cannot be regulated or controlled by default. Companies providing solutions related to this new form of money, on the other hand, are subject to existing guidelines which apply to other financial service providers as well. The flow of money in the cryptocurrency world is not controlled by any central authority, nor will it ever be.
What is your own thoughts about this?
External Control, Yes. Mainly to Control, No. Bitcoin is powered by blockchain system which cannot be control by any organization, institution and even the government, In short it has no governance. The pricing will depend on the demand and supply. What government can do is to put limits, laws, rules and regulations on its territory and people they handled or being ruled. Even though some governments may want people to think they control and regulate cryptocurrencies, that is far from the case, as cryptocurrency cannot be regulated or controlled by default. Companies providing solutions related to this new form of money, on the other hand, are subject to existing guidelines which apply to other financial service providers as well. The flow of money in the cryptocurrency world is not controlled by any central authority, nor will it ever be.
What is your own thoughts about this?
they don't need to control crypocurrency, they just need to control exchanges to make us no anonymous
not, we have:https://localbitcoins.com/
http://syscoin.org/
The fact is that no one can control bitcoin or stop it from functioning or being in existence, but the problem is governments can control how we will use our bitcoins and alts. They can ban exchanges, banks from accepting crypto, ICOs and even certain websites.
they don't need to control crypocurrency, they just need to control exchanges to make us no anonymous
There have been a lot of arguments concerning this topic. Again, there have been a lot of pronouncements from governments officials pertaining cryptocurrency control and people actually reacted to them.
Even though some governments may want people to think they control and regulate cryptocurrencies, that is far from the case, as cryptocurrency cannot be regulated or controlled by default. Companies providing solutions related to this new form of money, on the other hand, are subject to existing guidelines which apply to other financial service providers as well. The flow of money in the cryptocurrency world is not controlled by any central authority, nor will it ever be.
What is your own thoughts about this?
Even though some governments may want people to think they control and regulate cryptocurrencies, that is far from the case, as cryptocurrency cannot be regulated or controlled by default. Companies providing solutions related to this new form of money, on the other hand, are subject to existing guidelines which apply to other financial service providers as well. The flow of money in the cryptocurrency world is not controlled by any central authority, nor will it ever be.
What is your own thoughts about this?
It's true that government or any other regulatory body can't control bitcoin, but they can certainly regulate the circulation and reach of Cryptocurrency in their own jurisdiction. That's exactly what governments are trying to do. They are imposing tax on their citizen's Cryptocurrency income and allowing it to mix with their strictly centralized economy by providing a framework. Trust me, regulation and taxation will actually help to increase the adoption rate of Cryptocurrency.
The can control everything before you send to a blockchain (And immediately after you leave it).
Also, they can create some cryptocurrencies by investing small % of their money so ... they are far from being irrelevant
Also, they can create some cryptocurrencies by investing small % of their money so ... they are far from being irrelevant
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GOVERNMENTS CAN CONTROL CRYPTOCURRENCY
It imposible to control Bitcoin. 
As above how we transact our crypto to FIAT or use FIAT to get crypto can be controlled to a degree.
We can still trade with each other and bypass banks ( PEER-TO-PEER as satoshi intended ) to convert to and from Crypto and FIAT.
Banks hate our crypto, they are not making money from our use of it and it means we are not using their services as much.
We can still trade with each other and bypass banks ( PEER-TO-PEER as satoshi intended ) to convert to and from Crypto and FIAT.
Banks hate our crypto, they are not making money from our use of it and it means we are not using their services as much.
I think it's possible because all the goverment can afford all those around them and bitcoin can also be done by people in bitcoin and invented it.
Whatever the private sector comes up with, the government is always trying to control it.Some people try to ban cryptocurrency because they can not control it..They consider it a threat but more nachinat to show interest in her.Some members of the government themselves are not keeping their capital in bitcoins. The question arises. Where did they get them. I don't think they sit on bitcoin taps or and collect signatures in companies or have a home farm for cryptocurrency mining. The salary in bitcoins in our country, too, do not pay. It's not hard to guess how they got them.All attempts to introduce the cryptocurrency into the legal field led to nothing.In any case, they will try not to miss the bonuses from taxation on cryptocurrency transactions.
No one can control a decentralized crypto. Flow of fiat can be monitored. New form of money isn't subjected to existing guidelines...then it wouldn't be new 
....The government has control over fiat...crypto to fiat (no freedom)...illusion...cryptoeconomics (freedom)
....The government has control over fiat...crypto to fiat (no freedom)...illusion...cryptoeconomics (freedom) 
No, they can't, but they can control exchanges, credit card companies and money which is exchanged from crypto.
No one can control crypto itself.
No one can control crypto itself.
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