Shaf
Verified member
Cryptocurrency has grown over the past few years, hard and fast. The market cap of Bitcoin and other digital currencies has gone over a trillion dollars. This is enough to make any government concerned about it.
In response, various countries have taken different measures to regulate it's use.
From China, to India and the United Arab Emirates, Nigeria and El Salvador, there have been a vast array of response.
One key features that is worrisome to them is decentarlizarion. Transactions can be easily carried out trams border without being traceable. How do you even collect tax on something you have no control over?
This and many more issues are pressing and it's a possibility that there may be an international crackdown on cryptocurrency in the future.
Bitcoin and digital currencies have their use, and advantages as well as disadvantages. People are worried that a legal clampdown could be the end of their freedom in financial investment and transactions.
What do you think will happen when/if there is an international clampdown on cryptocurrency?
In response, various countries have taken different measures to regulate it's use.
From China, to India and the United Arab Emirates, Nigeria and El Salvador, there have been a vast array of response.
One key features that is worrisome to them is decentarlizarion. Transactions can be easily carried out trams border without being traceable. How do you even collect tax on something you have no control over?
This and many more issues are pressing and it's a possibility that there may be an international crackdown on cryptocurrency in the future.
Bitcoin and digital currencies have their use, and advantages as well as disadvantages. People are worried that a legal clampdown could be the end of their freedom in financial investment and transactions.
What do you think will happen when/if there is an international clampdown on cryptocurrency?
