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?
Make no mistake governments are regulating cryptocurrencies because they want to keep their own interests they are not doing this to protect the population or to prevent crime, they get a lot of benefits by printing their own currency and they do not want to give up those benefits, that is why we do not like the regulation since it is done to hinder bitcoin and the population that could benefit from its usage.