"Regardless, just because South Korea, China, the US and other countries can crush Bitcoin by issuing new regulations and influencing cryptocurrency prices, it doesnt mean they can kill it". The above quote is from the research information I got when I was trying to find out why world government is fighting crypto. Please read the full text here:
https://www.ccn.com/fighting-bitcoin-cryptocurrency-trading-threat-government-policies/ and make your own contributions. It will help cool the nerves from the crypto dip we are experiencing recently. Happy reading. Thanks
Nice article in my own humble opinion government can only regulate the use of cryptocurrencies but they cant kill it,because other countries has already seen the good things which cryptocurrency offers,most of the countries that banned cryptocurrency activities like ICOs,trading are the ones who are in the power which clearly why they dont want cryptocurrency,decentralization will make people's freedom to transact anonimously which would have some negative impact,the government will find it hard if someone has done illegal activities like smuggling plus these transactions are not being taxed,which is the main reason why they are making their move to stop the cryptocurrencies adoption.
I agree. It was a good read. However, I think that the so called world government would not go so far as kill cryptocurrency. Every country, especially those who have embraced it, knows that even if it has its own risks, it also has a lot of positive and advantageous things going for it that really outweighs the risks it carries. I think that instead of killing it off, more government would try to look for ways to make it work and adjust, so that they can exploit the market and earn good money from it.