In what ways has the government influenced crypto?

[Lämmchen]

In what ways has the government (any government) influenced crypto? In either a positive or negative way? Do you think the government is eager to get their hands on some of this because it's a means of power?

 

[Riberet19]

The government can influence the cryptographic industry in many ways, the most known and influential may be regulations, in each country it may be different, but it is known that this greatly influences the future of the industry, others may be taxes on cryptocurrencies, high and suffocating taxes can reduce the desire of investors to invest in cryptocurrencies, including taxes on miners, another way to influence is the total banning of a country to the cryptographic industry.

 

[Mostee501]

Licensing and Registration: Governments may require cryptocurrency exchanges and businesses to obtain licenses or register with regulatory authorities. This helps ensure compliance with regulations, enhances transparency, and reduces illicit activities.

 

[Grant]

I'm not sure if the government has, if anything I feel most governments aren't too fond of crypto and are actively trying to block the use of it, or outright banning it in some locations.

I think at some point, they will accept crypto, but for now it's too much of a risk, and I think they see that too.

 

[Riberet19]

I'm not sure if the government has, if anything I feel most governments aren't too fond of crypto and are actively trying to block the use of it, or outright banning it in some locations.

I think at some point, they will accept crypto, but for now it's too much of a risk, and I think they see that too.

Look at what happened yesterday with the issue of Binance and the demand by the SEC, the SEC is a state agency, and it acts accordingly and under the interests of this, you just have to realize that many of the SEC leaders are sympathizers and friends of the democrats, So the government has a lot of influence over the markets and also the crypto market, through fear, regulations and more.

 

[Heatman]

In what ways has the government (any government) influenced crypto? In either a positive or negative way? Do you think the government is eager to get their hands on some of this because it's a means of power?

The only way the government of my country have influenced cryptocurrency is banning any cryptocurrency transactions through the bank. If they trace any transaction linked to cryptocurrency in your bank account, they will freeze your account.

 

[Nomad]

One favorable law or regulation and the crypto market will boom, one unfavorable law or regulation will push the entire market to the bottom. Government can influence the crypto market hugely.

 

[Heatman]

Everything that the government of my country have been doing so far in respect to cryptocurrency is to try as much as they can to suppress it in such a way that it is going to be possible for them to take control but it have not been working that way for them and it have negatively impacted on cryptocurrency.

 

[Skysaint]

The government did influence cryptocurrency here by issuing a ban on the transaction in cryptocurrency. This means that it's impossible to fund your wallet directly from your bank account.

 

[Heatman]

The government did influence cryptocurrency here by issuing a ban on the transaction in cryptocurrency. This means that it's impossible to fund your wallet directly from your bank account.

Over here in my country, Binance have been our saviour for making the provision of Peer to Peer feature that allows those who are using the exchange platform to buy and sell cryptocurrency without paying any fees or have their bank account to be frozen.

 

[Henrywrites]

Over here in my country, Binance have been our saviour for making the provision of Peer to Peer feature that allows those who are using the exchange platform to buy and sell cryptocurrency without paying any fees or have their bank account to be frozen.

I still can't comprehend why the government decided to ban crypto currencies transactions via bank. It is crazy and whenever there are talks about unbanning it, I develop some fears. It is better via the P2P now.

 

[Heatman]

I still can't comprehend why the government decided to ban crypto currencies transactions via bank. It is crazy and whenever there are talks about unbanning it, I develop some fears. It is better via the P2P now.

There was a time when they set a trap for people to use their bank account to buy our cryptocurrency on Binance without announcing publicly they are supporting cryptocurrency. No one ever listened to them because they were just looking for bank accounts to freeze for being linked to cryptocurrency.

 

[Good-Person]

There was a time when they set a trap for people to use their bank account to buy our cryptocurrency on Binance without announcing publicly they are supporting cryptocurrency. No one ever listened to them because they were just looking for bank accounts to freeze for being linked to cryptocurrency.

Well, I do not think that it is a great idea to use banks for cryptocurrency transactions, especially when cryptocurrencies are banned in your country. There are many other ways to utilise cryptocurrencies in many ways and there are many ways of transferring cryptocurrencies without using banks. Are there any third-party exchanges in your country?