Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Cryptocurrency Forums
Reasons Governments Hate Cryptocurrencies
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Jasmine, post: 245837, member: 49159"] Do you know why crypto market has crashed? There are two reasons: one, high inflation rate, two, Macro Fear. It all started with President Joe Biden’s “Executive Order on Ensuring Responsible Development of Digital Assets,” in March, Russia’s invasion in Ukraine, the current rise in the interest rate, and fall in the stock market. Governments around the world have always have been hard on cryptocurrencies. Do you know why? Anonymity Crypto transactions are recorded on the bockchain but the transaction does now show the sender and receiver. When someone sends Bitcoin, he can do it anonymously. Government cannot track who sent funds to whom. Therefore, government believes that crypto will be used for illegal transaction and money laundering. Decentralization For governments, decentralization is also the major danger associate with cryptocurrencies. Decentralization will stop government’s financial monopoly. It also poses a great market risk, that’s why the value of crypto currencies fluctuates too much. For instance, in November last year, Bitcoin was $69,000, currently, it is $28,000. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Cryptocurrency Forums
Reasons Governments Hate Cryptocurrencies
Top