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Executive order could make cryptocurrency the government-controlled digital currency
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[QUOTE="Mika, post: 238028, member: 29399"] I think we need to understand what regulation actually means. The Government has rules for business, the government clearly mentions what can be done and how it can be done. what cannot be done, etc. Businesses are expected to follow these rules and pay taxes. When the government receives tax, it is liable to provide protection to the business. This is called regulation. If the government regulates cryptocurrency, it will make rules about what can be done and what can not be done, the government will also collect taxes and protect the business. When the government is regulating the business, there will be fewer scams. Do you remember when squid game token scammed millions of dollars due to rug pull? Would that have happened if crypto market was regulated? A lot of scams are going on and I think there should be some mechanism to stop this. Does the government control the business communities? Can the US government shut down Tesla any time it wants? How can you think the government will start controlling crypto once it regulates it. Since crypto is created through the mining process and anyone with the hardware and software can mine crypto, there is no way the government can control crypto. [/QUOTE]
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Executive order could make cryptocurrency the government-controlled digital currency
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