The Panamanian legislature passed cryptocurrency regulation bill

[Lens1000]

The cryptocurrency world gets interesting every day by day by the teeming acceptance of cryptocurrency in most of the countries of the world. We have seen so many countries regulating cryptocurrency instead of instead of banning it and then using it to benefit the economy of their country.

Just as we have countries accepting cryptocurrency we also have countries that are banning it with the reason that the cryptocurrency is used as source of funds to perpetrate illegal activities. Cryptocurrency was able to used to fund all illicit activities because of its decentralized features and because it can't be controlled. The government of some countries do not talk about the ban option as the way out but instead the cryptocurrency was used for economic benefits. Regulations Is the reason for accepting cryptocurrencies all around the world.

The legislature in Panama have also passed the bill to regulate cryptocurrency. The bill was unanimously passed in the house of assembly of the country thereby legalizing the use of cryptocurrency in the country. The crypto operators and the usere of cryptocurrency in the country can now carry out crypto related activities with no fear. This is one of the development that is really going on in the crypto world as we speak.

 

[Flow-er]

The world of cryptocurrency is gaining popularity every day and there are so many countries that are willing to delve into the it but all sort of regulations and these regulations are actually there to to control the irregularities that we see around cryptocurrencies and not actually there to take total control of the crypto market because this is what people are talking about around cryptocurrency regulations. they believed that the government would take total control and it will forfeit the decentralization feature of this space particular, it will make it very difficult for the crypto traders to do a self-educuted transaction as it were. It is true that the government regulations cryptocurrency it will have limited safe transactions because the government will influence it and the price of cryptocurrency you may also be influenced by the government policies this is what raises concern and it will reduce the amount of people that I will be using cryptocurrency. This is what we should take note of because when the government has a total control of the cryptocurrency it becomes a centralised system and that is not what we want in the cryptocurrency space. Deregulation could make it a government control cryptocurrency.