So guyz,
I don't have a master in crypto But I have some doubts.
I have seen many people saying that countries banning crypto are just smashing hammer on their own foot.
But my Qes is why a Govt should not try control money in that country?
----My thought is most countries don't really know how to control the transcation or keeping track of cryptomarket, so for time being they want to control it by banning it till they develope a plan.
----I didn't hear any county saying that they don't support bloackchain, Many of them are working on blockchain.
----If a country can not track the money of their people than how can they take responsibility of its people safety?
----If someone pays money for illegal activity from banks, that can be tracked, but tracking crypto is impossible for them right now.
----That was just one of the scenerio
So What are your thoughts?
PS- I am not saying crypto should be banned, I just want to know where Govt. are going wrong?
My suggestion is try to study and learn more about blockchain technology.
Because the risk is that if you don t manage the basics of blockchain in general you can be victim of FUD AND FOMO and false news around the net.
Cryptocurrencies can be manipulated but cannot be controlled at 100%
And this depends a lot by the knowledge that crypto believers have of the enviroinment in which we are, because in this way crypto believers can fight against manipulation and be aware of what is really happening .
At the moment governaments are buying crypto , pumping cryptos and trying to put efforts to make them more " "legal" and taxable.
Butit is a sort of leverage, because on the other side there are enteprises that come together to make the pulse with them.
All is going fine, just stay calm and skip fud.
Be ok.
Cheers