Topic: governments vs altcoins - page 7. (Read 844 times)
The government has the authority to regulate banking or crypto transactions, it could be that the government regulates transactions that are decentralized and until now there has been no government regulating all of them in cryptocurrency.
Government has full control on everything, if government wants. Monero is much privacy and secure transaction from Bitcoin, for crypto others altcoins needs support.
I think the governments' concern about altcoins is regarding scams, frauds, and money laundering. These are the primary concerns. The point you had stated is only secondary to these. Banking systems and cryptocurrency systems may exist side by side with exlcusive functions and overlapping functions.
What are you trying to say? The government will be against cryptocurrency until it can control it. Or start a war against cryptocurrency at the legislative level.
Altcoins, even Bitcoin is not fully anonymous. It’s semi-anonymous. And this is why if you control the gates and control the amounts of fiat currency swapped for cryptocurrencies you can track, from that point forward, the route the flow of value takes.
Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.
In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.
Make no mistake. Governments see cryptocurrencies as a coup d’état against the international banking system. And if you own or trade cryptocurrencies, you are viewed from the establishment’s point of view as taking something that is not yours to take — autonomous control of your wealth.
In 2018 cryptocurrency demand was choked. As Bitcoin supply overwhelmed demand, the price of Bitcoin and other cryptos fell while the big players were quietly accumulating a position.
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