The risks of the bitcoin trading warns by government's countries such as : many criminals used virtual currency as a tool for money laundering. Second, virtual currency is a digital form, so the risk of hacking, stealing, changing data is huge. Third, virtual currency values fluctuate continuously, so the investment risk is so high. Fourthly, virtual currency is an asset that has not yet been managed by a state management agency. When a dispute arises, the legal safety of participants is very difficult.
Hence, there are some of financial specialist in called for governments to regulate and tax bitcoin, labelling the cryptocurrency an object of speculation and a tool for money laundering.
Hence, there are some of financial specialist in called for governments to regulate and tax bitcoin, labelling the cryptocurrency an object of speculation and a tool for money laundering.
Thats because we have the banks that work on the basis of swift technology, a very very secured tech and centralised one while you know the rest about the blockchain. How many cases do we see when the swift trisection was hacked recently? May be next to zero. While for the blockchain there is always news about the different exchanger hacks and all the stuff and that money might be going into black market. So we are not sure whose wrong and whose right here.
Money laundering started in fiat, I dont understand why fiat is not banned. I feel that the governments are not able to control crypto currencies like fiat, hence some countries dont allow it.
This might be true or there could some different agenda in front of the government. May be they are not in the position to handle extra load!
