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Why central bank of Armenia was urged to regulate cryptocurrency
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[QUOTE="Lens1000, post: 252200, member: 37726"] The need for cryptocurrency to be regulated is actually caused by lot of crimes that people are perpetrating using the cryptocurrency as a medium. This is why most of the government would not like to adopt the digital currency in their country because they did not want a currency that could not be controlled and would serve as an haven for crime. This is a major reason why most of the cyber criminals would receive ransoms in cryptocurrencies and will commit a lot of atrocities using the cryptocurrency for funding. They knew that transaction done with cryptocurrency cannot be traced. This is a major problem that most of the countries are facing and that is why most of the countries would love to regulate cryptocurrency before it's been adopted. The regulatory scrutiny would ensure that it is controlled and it is not perpetrated by the cybercriminals. The cybercriminals will always use cryptocurrency to carry out different kinds of activities that are not illegal, because it is believed that the decentralization of cryptocurrency has given them the room to do so . Regulating cryptocurrency would create more inclusiveness and eventually eliminate illegal activities around cryptocurrency for the protection of the crypto community. [/QUOTE]
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Why central bank of Armenia was urged to regulate cryptocurrency
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