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Regulation of all Cryptocurrency
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[QUOTE="Jasmine, post: 233222, member: 49159"] Crypto currencies are decentralized digital money. If the coin is not decentralized, it cannot be called a crypto currency. That will be against the spirit of the creation of cryptocurrency. Crypto currencies are mined in order to create them. If the crypto currency cannot be publicly mined, or if the people cannot mine and create a new coin, it cannot be a crypto currency. Stable coins are categorized as crypto coin, but these are not actually crypto currency because they are created by creating a fiat reserve on banks or with other assets. Cryptcurrency is blckchain based digital asset which means, the record of the coin, including the address called wallet and the transactions are stored in the blockchain. Blockchain is a public ledger. The only exception to this is privacy coins, privacy coins are the coins that do not allow public viewing of the read address and the transaction, however, just like other normal crypto currency privacy coins are also created through mining and the record is maintained in the blockchain, which cannot be viewed by other people. Since crypto currency is controlled by the community, how can you regular the coin that you do not own or create? [/QUOTE]
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