Post
Topic
Board Bitcoin Discussion
Re: Governments planning a Crypto Crackdown?
by
kryptqnick
on 26/11/2021, 12:29:21 UTC
Recently, many governments have been showing increasing animosity against Cryptos. While the US is preparing to launch a Blockchain surveillance plan, other countries such as Sweeden are showing signs of moving towards a crypto crackdown by criminalising mining.

Should we be worried about this?
Two countries is not enough to talk about governments planning a crackdown. My country's government, for instance, is actually planning to adopt cryptos over the years and create a favorable regulatory framework for crypto businesses and owners because they see it all as a way of helping out our economy. Then there's El Salvador that embraced Bitcoin like nobody else. India, China and Nigeria show worrisome things, but none is 100% against cryptos yet, and they also don't constitute the majority of the world. I think that overall the situation is okay and cryptos aren't likely to be banned in the majority of the world. Regulations can be strict at some places or restrict certain activities, but it's not the end of the world.