Quote from: Indai24 on February 19, 2019, 03:20:25 AM

Quote from: ayesha703 on August 21, 2018, 06:43:48 PM

Cryptocurrency is the most popular terms nowadays. People like cryptocurrency so much. Many people are involving in the crypto world. Everyone wants to earn money from cryptocurrency. While people are liking cryptocurrency, Government does not like it at all. In some countries, the government banned the cryptocurrency. What is the reason behind this banned?

Because it is decentralized, Governments are afraid that its people will use cryptocurrency in illegal activities such as buying drugs. This might also be used in money laundering, tax evasion and so much more. That's why there are countries that ban cryptos, but, there are also countries that widely accept cryptocurrency.

Why the advanced countries accept Crypto trading if they are afraid? Crypto causes social unrest. Speculative craze causes fomo and people seek loan, sell property to buy these coin and ultimately goes under massive debt. Plus mining causes ill environment, produce heat and large electricity bill. These are some drawback of crypto asset