It is one of the major hurdles when it comes to a cryptocurrency acceptance and adoption globally however I think that many governments are actually starting to shift their line of thinking in order to order regulate the currency as opposed to banning cryptocurrency in its entirety.
I think this is one of the thing that the government is trying to do and if they can't get it they bring a ban. But if it will help minimize fraud no issues with it
You are completely right because many countries have are actually opted to go the route of the band in order to try and minimise the amount of cryptocurrency that is being used within the country as opposed to rather focusing those resources on regulating it.
Hacked funds could be easily moved out of the exchange platform ,if proper security measures and verification is not taken ,the exchange platform should reconsider their decision
Those are my thoughts as well. This could also put the exchanges in trouble. I couldn't understand what could have made such verdict possible.
Perhaps the dutch exchange decided to forgo the verification process in order to try and promote the anonymous and decentralized nature of cryptocurrency.
They are actually trying to protect the annonymity of the user , but the problem is that it's still a very big disadvantage than advantage too
They are putting their economy in danger because many people will capitalize on the annoymous nature to carry out fraudulent activities
This is a major risk that they are taking however if people are able to use cryptocurrency responsibly in this country then it will also show that there is little danger in the cryptocurrency world being decentralized. It could be the opportune testing time.
The issue is that people will always want to use illegal means to make money online whether Decentralized or centralized. The main work should be on changing people's mindset
This is a good point as people are always trying to make as much money as possible with as little work as possible.
Yeah and in other to achieve this , they have to engage in some illegal things that will affect the normal process of life / the system
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