I often hear many countries make rules about crypto from crypto regulation, prohibition, taxation, to crypto advertising. The United States (US) often shows negative sentiments on cryptocurrencies, even this US government policy often crashes crypto prices. As a crypto lover I often ask myself, Why can government regulations make crypto prices fluctuate?. Here are some of the arguments I put together:
1. Governments can regulate crypto prices through buying and selling in global markets.
2. The government can apply high fees to convert to local money, or apply high tax rates so that it will reduce public enthusiasm for crypto.
3. The government prohibits crypto ownership and trading so that there is no crypto circulation in its territory.
There is also another opinion that government regulations have no impact on cryptocurrency prices, nor will government regulations make crypto lovers leave them. Of course, government regulations that do not benefit crypto lovers will make crypto trade move to other countries.
1. Governments can regulate crypto prices through buying and selling in global markets.
2. The government can apply high fees to convert to local money, or apply high tax rates so that it will reduce public enthusiasm for crypto.
3. The government prohibits crypto ownership and trading so that there is no crypto circulation in its territory.
There is also another opinion that government regulations have no impact on cryptocurrency prices, nor will government regulations make crypto lovers leave them. Of course, government regulations that do not benefit crypto lovers will make crypto trade move to other countries.