A reason why many would like to keep Bitcoin over fiat is that because the government has no control. But, it was to see that they are taking steps to get through it and possibly will control cryptocurrency someday. And if this going to happen, we don't know what will happen next but I think that these crypto investors and users will still invest in them. I don't think that they will stop this stuff but rather continue it under their control coz what they want is these users and holders will pay tax.
That tweet by Jonas Schnelli made me really think in that respect. Sounds a bit as if government agencies are already building up pressure.
Jonas Schnelli
@_jonasschnelli_
You may ask, why step down now? What happened?
Sometimes, interests shift and you can’t do much about it.
On top, I feel that the legal risks for Bitcoin developers are increasing year by year (which can be stressful).
New contributors should join anonymously (it’s tricky).
And this is the latest proposal form the EU
https://eur-lex.europa.eu/resource.html?uri=cellar:0a4db7d6-eace-11eb-93a8-01aa75ed71a1.0001.02/DOC_1&format=PDFThe proposal contains a provision preventing traders in goods or services from accepting cash
payments of over EUR 10 000 for a single purchase, while allowing Member States to
maintain in force lower ceilings for large cash transactions. This ceiling does not apply to
private operations between individuals. The Commission must assess the benefits and impacts
of further lowering of this threshold within three years of application of the proposed
EN 11 EN
Regulation. The provision and custody of anonymous crypto-asset wallets are prohibited.
Companies that are not listed are prohibited from issuing bearer shares and are required to
register those shares. The issuance of bearer share warrants is only allowed in intermediated
form.
I'm a bit wondering why the community and developers are not taking notice of these current developments, or at least it makes the impression.