[kingzlatan]

Will crypto be banned from states anytime soon so they can create they own digital coin?

[Dismas]

They don't want to ban it, they want to regulate and tax it. Exchanges will be forced into reporting income.

It's a fool's errand, but if you trade/hold crypto on any centralized exchanges expect them to report to IRS/HMRC.

[Plague]

We are all doomed, The government is ruining literally everything

[stanvd]

We are all doomed, The government is ruining literally everything

It’s unlikely they'll outright ban crypto, but more regulation and taxes are definitely coming. Governments want control and oversight, especially over centralized exchanges. Just make sure you're prepared for reporting and compliance if you're holding or trading.

[holita]

They can't prohibited the crypto. It's the good of that

[smokeyjoe232]

Crypto will never be banned. Simple, stop reading fking fake news! Genie has been let out the box and its here to stay, also many Crypto (educate yourself) have massive utility for many business sectors, so Crypto = Decentralised services, they go hand in hand and one cannot live without the other.

[Dismas]

Adding to what's already been said... If you're looking to avoid government oversight, simply avoid any taxable events.

If you leave it on a hardware wallet and you aren't exchanging it for fiat or other assets, it is very difficult to tax.

[popeflizzy101]

Andrew Tate says it all, we're just ignorant.

[nktheplug]

I want to get into crypto, any advice what to invest in?