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[CrazySher]

After El Salvador, now the Financial Minister of Netherlands "Wopke Hoekstra" now become a fan of crypto and says that we should adopt and regulate btc rather than banning it.

 

[Potuse]

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 platform

It is also important for you to you know that the regulatory framework that is embarked upon by most of the country does not centralised the cryptocurrency system. It is a decentralized market that could not be centralised irrespective of any regulatory adoption. It is very difficult for the blockchain technology to involve third-party interference.

 

[AudraMiller]

After El Salvador, now the Financial Minister of Netherlands "Wopke Hoekstra" now become a fan of crypto and says that we should adopt and regulate btc rather than banning it.

The regulation and acceptance of bitcoin at this point is a must by most of the countries across the entire world and the reason that i am saying this is because there is a lot of people that are using it and if the government can't keep track of it then they are technically losing out. I think that if they focus their resources to govern it rather than overcome it it is much better.

 

[Wisdom01]

It is also important for you to you know that the regulatory framework that is embarked upon by most of the country does not centralised the cryptocurrency system. It is a decentralized market that could not be centralised irrespective of any regulatory adoption. It is very difficult for the blockchain technology to involve third-party interference.

it could be difficult for the Blockchain technology to involve the third party interference , but the exchange platform could send users tracking information to the government ,so either way the government is still regulating things ,that's the reason you see that government want exchange platform to gain license

 

[BullyMaguire]

I agree.. they should take advantage of benefits of crypto currency rather than banning.. they won't be able to stop it completely anyway since it wasn't just in their country. There's still gonna be lots of options to access crypto currency just like what nigerians did before . It should be used not banned for the good of all.

 

[Potuse]

it could be difficult for the Blockchain technology to involve the third party interference , but the exchange platform could send users tracking information to the government ,so either way the government is still regulating things ,that's the reason you see that government want exchange platform to gain license

You are getting it all wrong. The essence of the government interference is to avoid the illicit activities that is being perpetrated by crypto orders. If you are sending a cryptocurrency that is enormously high, then it will trigger an alarm that would allow the government to see to such transaction. Cryptocurrency was launched on blockchain technology that does not involve third-party interference.