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Will more countries ban crypto currency transactions?
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[QUOTE="Deleted member 28873, post: 82890"] This are the major reason why cryptocurrency is banned:#Bitcoin and other Crypto-Currencies are considered outlaws in some of the countries as the Government and the financial institutions are not able to control or regulate it. So, it scares them. # Crypto-Currency Market attracts Criminals and people interested in tax evasion and money laundering. It had become a latest trend in Dark Web Market ,Silk Road when they were online. But if a person wants to cheat then they will find different means as tax evasion has always been a problem with or without Crypto-Currency. # Easy mode of transfer in Cyber- terrorism, most famous case was of WannaCry and Petya viruses in which $300 were payed in Bitcoin to decrypt files. #Big risks are there in Investing as huge investments are involved. #Crypto-Currency market stands as a threat to our traditional banking institutions which is a fact being recognised by most of the governments. As there is no single authority regulating the value of Crypto-Currency unlike our ages old system of Banks. Crypto-Currency works on the system of decentralisation. It is a big change for Banks as in some places ATMs are also there for exchange of their regular currency to Bitcoins. So transactions are being performed outside our regular structure of banking and can be done by anybody who earlier did not have an access to bank. [/QUOTE]
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Will more countries ban crypto currency transactions?
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