Post
Topic
Board Altcoin Discussion
Re: Government's actions against crypto
by
oktana
on 07/11/2023, 23:31:52 UTC
The US government and the cryptocurrency market are having a lot of ups and downs, and it seems like they're headed towards a very important conflict. This conflict will determine the fate of many people and companies involved in cryptocurrency. They might have to shut down or move to a different country.

We are almost having similar situation in Africa, where leaders in government position have put restrictions on cryptocurrency and some of  it's activities in some countries, however that's it's just temporarily, because the good news of bitcoin is coming like a moving train to the nooks and crannies of the entire continent.
But for the US government, I believe the issues will be resolved, because the US the government understands the importance of cryptocurrency in the market and how reliable it is.

IMO, I believe that some countries have already adopted Bitcoin because they see it as a window of innovation (technologically and economically) while other countries will someday accept and embrace Bitcoin (It may take a long while though), some countries may still want to oppose it because it will reduce people's dependence on traditional financial systems. I mean... take a look at how Bitcoin provides a system that bypasses the regulations of the traditional banking system. Some countries have seen that if they made Bitcoin legal and it gets adopted, it would likely weaken the influence and control that politicians put on the economy, which will then limit their ability to manipulate financial systems for their political needs.