Governments of many countries are practically declaring war on cryptocurrencies.
Why is that?
Why is that?
They are afraid of competition from the crypt, because they know they can lose.
In my opinion, government declaring war on cryptocurrency because they afraid can not track illegal transaction. Many government think cryptocurrency always used for criminal activity but acctually its not true. Cryptocurrency is just a tool and its depending on user if used for criminal action.
Beside that reason, government afraid on cryptocurrency because they can not control the supply and maybe because they dont understand the concept of cryptocurrency
Yes , that is one of the reason . Illegal transaction is mostly in crypto and uses to buy anything and transaction all over the world . I heard some news about the illegal activity using cryptocurrency and i think every goventment warn about this . Yes some government didn`t know about cryptocurrency and uses of this but we dont know someday crypto are accepted in all over the world. Everything can happen just wait and see.