 Show Posts
|
|
Pages: [1]
|
|
#PROOF OF PARTICIPATION
Forum Username: Krishna901
Forum Profile Link:https://bitcointalk.org/index.php?action=profile;u=3379125
Telegram Username: @dollargoon
Participated Campaigns: Twitter, Blogger,Instagram
Erc20 address: 0x4391f7Fc00Cc42a0708716BcD6Fdc778E88C768a
|
|
|
|
|
The truth about why Crypto is not legalized is because of its distruptive potentials. Crypto has ability to change the global monetary system for better. Am not saying all cryptocurrencies are good , there are some unrealistic ones that are just developed to scam investors. In addition, crypto has tendency to overtake the traditional financial system due to its unending benefits. Based on these features, it will be hard for government to legalize it . It is not strange anymore that Fiat money is full of manipulation , no stable supply and lots of flaws in fiat money .
|
|
|
|
|
I think it will be very difficult for the government to be successful in banning cryptocurrencies. Cryptocurrencies itself has unstoppable nature. The decentralized nature of cryptocurrency underlying technology will make this extremely difficult. There are some countries of the world which their government has placed ban in exchanging cryptocurrencies for fiat. One among is Nigeria where Banks that exchange crypto for fiat for their clients will face the law. Despite these measures taken to prevent crypto , users still find their way to trade it mostly through P2P which is unstoppable and recently a survey conducted by Binance revealed Nigerians transact the highest volume of Cryptocurrencies in their platform. There are lots of project that are legit but anonymous team .A sincere developer can create a coin without revealing their identity and of course achieve success . A good example is Satoshi Nakamato ,the founder of Bitcoin whose identity still remain anonymous. Cryptocurrency has come to stay and no government will be able to stop it .
|
|
|
|
|
