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?
Yes, it is true, but if we look at the early emergence of crypto/blockchain also experiencing the same thing from the rules issued by the government, but over time this can be passed very well by Crypto/Blockchain, indeed this reason can provide problems for survival crypto world, but I think this will pass by itself.
Actually, what the current government should think is to balance crypto with fiat currency, to walk together in each other's lives, so that no one feels disadvantaged or kills each other, isn't the development of the times, everyone or the government must really prepare.
Then what are the options offered by the government from the ban?