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?
if governments are threatened by crypto developments, they can just ban everyone from using crypto. This action can be done by issuing regulations in the country. I think crypto has a positive impact on society, financial needs can be met in various forms that exist in cryptocurrencies. For me the government does not need to interfere with this digital currency, maybe in the future crypto/blockchain technology can have a more positive impact not only for its users but also for the international economy.Thoughts?