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[SCAMEXPOSER]

The reason the central banks of different countries has sited to ban Crypto Currencies is their in ability to trace the source of Crypto currencies and it is too volatile. In my opinion every asset and Currency can be volatile if the buying pressure is high so it is normal.
On the part of regulations, it is Fundamental that all cryptocurrencies are saved in wallets or exchange platforms, most of the platforms obtain licenses andhave physical offices. This is enough for central banks to get all the needed data and come up with global framework to regulate it but not to control the prices since they are decentralized

Share your opinion.

 

[sh199]

Many country's central banks are now pressurized by the crypto companies to give all user's data and information to them or and minimized crypto users' behavior by adding new regulations. These all steps are taking to take control of crypto using. Govt. always trying to know the source of transition.

 

[Wisdom01]

Am not sure if those exchange platform would give or show them users private crypto wallet just like that ,and they can't control the price its impossible

 

[SCAMEXPOSER]

They may not give any users information rather the government through central bank should license them and have Interval briefing with them to ensure safety of funds and take statistics of transaction.

 

[achawaskey]

I think they have there reasons for doing that, but whatever there reasons are it is not enough to ban crypto. Central banks should sit and formulate policies that regulate cryptos and also make some revenue for there respective countries.

 

[SCAMEXPOSER]

Some users don't store their crypto in online wallet but hardware wallet , its more difficult to trace those users , such plan might not be fully effective

Well that's a good observation though we can't conclude now that it will be impossible to track them because this is technology where almost everything is possible or can be achieved.

 

[Niftyicon]

There would always be a way to regulate these exchanges and if need be, make transactions trackable from such platforms. Even if it doesn't stop all the frauds going on, it will definitely drastically reduce them.

 

[a_jerobon]

I also hope that the central banks will agree to regulate these ctyptocurrencies. It will make the transactions tracable and that will help reduce many fraudulent and criminal acts carried out using these cryptocurrencies.

 

[silentwatch]

Is only a matter of time before all the central bank will issue their own crypto money. Like in my country, the central bank has make some preparation to make they own crypto (digital money)... Just wait when it will release..

 

[Manish200]

It's going to be a tough ask for the central banks to do such a task as non of the banks in the world are prepared or equipped to regulate crypto right now. Hopefully there will be more ways available in the future.

 

[Mariappa45]

Since cryptocurrency isn't created to act that way, it can't be possible for it to be regulated, it's anonymous creators are keeping it cool and never want such to happen.

 

[Wisdom01]

It's going to be a tough ask for the central banks to do such a task as non of the banks in the world are prepared or equipped to regulate crypto right now. Hopefully there will be more ways available in the future.

Even some of the banks dosent like cryptocurrency ,they feel it's going to take away their existence in years to come ,so it's definitely going to be a tough one

 

[SCAMEXPOSER]

Even some of the banks dosent like cryptocurrency ,they feel it's going to take away their existence in years to come ,so it's definitely going to be a tough one

Banks shouldn't be after crictisizing cryptocurrencies because it has come to stay so the best is how to integrate it and make digital banking more advanced.

 

[Wisdom01]

Banks shouldn't be after crictisizing cryptocurrencies because it has come to stay so the best is how to integrate it and make digital banking more advanced.

Not thinking many banks would like to follow the innovation ,they probably like the amount of revenue they are generating , integrating cryptocurrency is their fear factor as they don't Know how things would turn out

 

[SCAMEXPOSER]

Not thinking many banks would like to follow the innovation ,they probably like the amount of revenue they are generating , integrating cryptocurrency is their fear factor as they don't Know how things would turn out

Most banks in the United States of America and few other countries where cryptocurrencies are legalized, the banks are not doing bad at all in cryptocurrency integration.

 

[Wisdom01]

Most banks in the United States of America and few other countries where cryptocurrencies are legalized, the banks are not doing bad at all in cryptocurrency integration.

I think the banks adopting it are in tier 1 countries that's why it's growing and nothing bad is happening ,if most Africa countries start adopting it no one would like to keep it's asset in the bank , many people are afraid of the government and it's policies , that's why they prefer to keep their investment in exchange platforms

 

[SCAMEXPOSER]

I think the banks adopting it are in tier 1 countries that's why it's growing and nothing bad is happening ,if most Africa countries start adopting it no one would like to keep it's asset in the bank , many people are afraid of the government and it's policies , that's why they prefer to keep their investment in exchange platforms

It is very possible that give Nigerians should lift the ban on cryptocurrency more banks will key into cryptocurrency as fast as possible and this will motivate other African countries.

 

[Wisdom01]

It is very possible that give Nigerians should lift the ban on cryptocurrency more banks will key into cryptocurrency as fast as possible and this will motivate other African countries.

Yeah I hope it does , because for now many Africa government dosent looks interested in cryptocurrency ,they are actually interested in the bank revenues and others

 

[SCAMEXPOSER]

Yeah I hope it does , because for now many Africa government dosent looks interested in cryptocurrency ,they are actually interested in the bank revenues and others

Probably they are following the trend of China that is constantly isueing warning and banning cryptocurrencies at every given instance.

 

[Wisdom01]

Probably they are following the trend of China that is constantly isueing warning and banning cryptocurrencies at every given instance.

Yeah the China ban really gave them that encouragement to carry out the ban on cryptocurrency , but they don't know that it will have an adverse effect at the end , because their economy can't be compared with China own