Quote from: UDONNA on Today at 06:40:37 PM

Quote from: RealMalatesta on November 21, 2021, 09:56:50 PM

Quote from: UDONNA on November 21, 2021, 07:02:50 PM

No matter how unpleasant it is for all crypto-investors, control and management of all financial flows is one of the main functions of each state. The volume of cryptocurrency transactions is increasing every year, which forces governments to monitor them more closely. I still hope this is done for both fraud protection and tax control purposes)
" C'est la vie) "

That could be true and yes if the governments banned it then the price would fall and everything would be a lot harder. However the good thing about bitcoin (and all crypto) is the fact that we could literally do whatever we want without worrying about what the government says or thinks.

It means the traders and investors would end up losing a lot of money but that doesn't mean that we should be forced to stop neither. I mean even if every single nations bans it, we could still use it and they would have no way to stop it. Sure the price would plummet incredibly, probably be few hundred dollars at most if they all decide to ban it together, but we know it will not be banned by everyone.

Currently, we can do whatever we want with cryptocurrencies until the very moment when we want to transfer our crypto capital to fiat. Then we immediately fall under the strict control of the state machine.

And thats the only chance on where government do really able to get in touched with crypto market is on to regulate those platforms because people would tend up to end with converting to fiat which its just
really a very common end of the line.

So as we do go further on upcoming years to come then expect for something like this to happen because this would be the only way that they could get taxes or regulate people
who are involved on it.

Which we do see on today that exchangers are slowly becoming centralized and asking for some KYC into its users.