Quote from: online73 on Today at 08:00:42 AM

Hello everybody. I think that governments cannot control cryptocurrency in any way - they make timid attempts, understands that they cannot do anything about it, and begins to introduce fiscal measures in the form of a ban. Which, in turn, is also not easy - you cannot prohibit what you cannot influence.

There are a couple of ways in which government intervention can influence the price of cryptocurrencies. First, governments can regulate the price of assets, such as fiat currencies, through buying and selling actions in international markets. Second, they can tamp down excessive enthusiasm for an asset class by saddling it with regulations that increase the cost of doing business. An example of this approach is bitcoin regulation being considered across various states in the United States.
Most states require surety bonds or an equivalent amount in fiat currency for cryptocurrency exchanges within their jurisdictions. Finally, governments can also make the asset scarce by imposing controls on it. An example of this is the case of gold, which has import restrictions in several countries.