Re: Will governments prohibit developers from creating a new coin?
As crypto/Blockchain tech becomes more popular, mainstream banks and governments will be forced to take action against this emerging industry to stop its growth worldwide. They don't want to people to use crypto on top of Fiat, so we'll be seeing new tactics from said entities in order to destroy crypto for good. One of those tactics could be either banning people from trading crypto at a centralized exchange or simply prosecuting developers of a cryptocurrency project. I believe the latter option is much easier and effective for governments to put an end to crypto for good. Before devs will be able to launch a new cryptocurrency, they're going to need governments' approval. Otherwise, they could face serious consequences in the long run.
Thoughts?
Thoughts?
Maybe it will works in the part of the government if they regulate cryptocurrency and implement some rules and regulation to follow by the cryptonian's but still limited because digital currency is decentralized and government has no full control or authority over crypto. Also it depends if the country is not crypto friendly but if the country is open for cryptocurrency, government will not prohibit the developers from creating new coin nor banning people from using, trading and investing in crypto.