Lens1000
VIP Contributor
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.
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.