anyone who could see the advantage cryptocurrency carries would love to place interest in it , cryptocurrency have so much importance in it , that's why lot of companies are considering it and looking for mahy ways they could benefit from the system in every possible ways
His view point is the better option in my own opinion. It would be like taking a step back from the competitive space we have now in the crypto world if the proposed plan goes through.
even if the government tries to stop cryptocurrency by placing ban on cryptocurrency exchange not to operate in the country ,the crypto currency lovers would still find other options like for instance making use of p2p service ,vpn and others to actually remove the limitations and othersThe usage of cryptocurrency is now so common that now it is not possible to stop cryptocurrencies, despite the fact that many countries have placed a strict ban over these coins. The government might have had banned cryptocurrencies officially, but we may never know what the government might be doing secretly. However, many politicians have still openly supported cryptocurrencies and this could be beneficial for investors.
even if the government tries to stop cryptocurrency by placing ban on cryptocurrency exchange not to operate in the country ,the crypto currency lovers would still find other options like for instance making use of p2p service ,vpn and others to actually remove the limitations and others
yes the Nigeria government banned cryptocurrency , but people actually find other better alternatives to look forward to , the banks and others refused to run cryptocurrency transaction ,but people have to find another means to be able to carry out transactionThere are so many ways to liquidate your cryptocurrency assets and the government will never know when and how cryptocurrency holders liquidated their assets. Banning exchanges and putting restrictions on bitcoin would never stop Bitcoin traders. This is what happened in countries like Nigeria. The Nigerian government banned cryptocurrencies, but this never stopped traders in there!
Regulation to me is actually much better ,the government should introduce some sort of regulation ,atleast to be able to control the rate at which illegal activities are proceeded in cryptocurrency , different countries needs to come together for the development of cryptocurrencyThe only thing that makes the government to choose the ban option is the decentralization feature of the cryptocurrency space . This is because the government believed that they cannot control it and the criminals could hide under the umbrella of the cryptocurrency exchanges to perpetrate illicit activities, which the government would not like.
Instead of banning cryptocurrency, the regulatory option is available so as to curb the illicit activities that could emanate from cryptocurrency. The prime minister of the Netherlands has made the right choice.
The primary assignment of the government is to ensure that the level of criminality is reduced and because cryptocurrency could be a save haven for criminal activities , the government should regulate it. This will be able to curb criminal activities in the cryptocurrencies sector.Regulation to me is actually much better ,the government should introduce some sort of regulation ,atleast to be able to control the rate at which illegal activities are proceeded in cryptocurrency , different countries needs to come together for the development of cryptocurrency
even if the government tries to stop cryptocurrency by placing ban on cryptocurrency exchange not to operate in the country ,the crypto currency lovers would still find other options like for instance making use of p2p service ,vpn and others to actually remove the limitations and others
i am waiting to see how the government would be able to regulate it well , because what cryptocurrency really need for now is the existence of tight regulation , there have been cases of people getting scammed and unable to recover their funds off trading on scam exchange platformThe primary assignment of the government is to ensure that the level of criminality is reduced and because cryptocurrency could be a save haven for criminal activities , the government should regulate it. This will be able to curb criminal activities in the cryptocurrencies sector.
i am waiting to see how the government would be able to regulate it well , because what cryptocurrency really need for now is the existence of tight regulation , there have been cases of people getting scammed and unable to recover their funds off trading on scam exchange platform
although I have always known how some government usually create bigger policies and yet most of the time the government dont normally follow the policies they created , so it could be that they place ban and policies but didn't implement the ban to make it effectiveI was reading an article about why government could simply do nothing about it. The fact is that many different governments in the world have tried to impose big penalties and punishment for people who hold cryptocurrencies after the ban was placed on these digital coins. However, such kind of governmental strategies are simply not having any positive effect. Cryptocurrencies could prove to be good for the economy it they get regulated.
So many countries have been regulating the cryptocurrency. They have gone into collaboration with the cryptocurrency exchange platforms to actualise the regulatory framework .i am waiting to see how the government would be able to regulate it well , because what cryptocurrency really need for now is the existence of tight regulation , there have been cases of people getting scammed and unable to recover their funds off trading on scam exchange platform
yeah they have gone into collaboration with those exchange platform ,I think that's the only way they could enforce regulation on cryptocurrency , because with the decentralized nature of cryptocurrency they won't be able to work out things if they dont regulate cryptocurrency through exchange platformSo many countries have been regulating the cryptocurrency. They have gone into collaboration with the cryptocurrency exchange platforms to actualise the regulatory framework .
We have quite a huge number of countries that have being regulating the cryptocurrency right now and it really worked well.
We help each other to make money online. Get a beer and register with us, learn how we make a full-time job working from home like a boss.
Earnings Disclaimer: All the posts published herein are merely based on individual views, and they do not expressly or by implications represent those of BeerMoneyForum.com or its owner. It is hereby made clear that BeerMoneyForum.com does not endorse, support, adopt or vouch any views, programs and/or business opportunities posted herein. BeerMoneyForum.com also does not give and/or offer any investment advice to any members and/or it's readers. All members and readers are advised to independently consult their own consultants, lawyers and/or families before making any investment and/or business decisions. This forum is merely a place for general discussions. It is hereby agreed by all members and/or readers that BeerMoneyForum.com is in no way responsible and/or liable for any damages and/or losses suffered by anyone of you.