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?
I think they have the freedom to know about the cryptomarket but not to the point that they will control it. It would be better if they would stay away from it and let cryptomarket do their thing unless this cryptomarket harms the citizen of the country... that would be impossible but if it harms then it will be the right thing to government to make their move and control the cryptomarket.