Post
Topic
Board Altcoin Discussion
Re: Will the governments ban all privacy cryptocurrencies ?
by
suzanne5223
on 07/04/2019, 18:16:27 UTC
Here on my country, the opposite is implemented, they do not ban cryptocurrency thus, even way more extending its capabilities through blockchain adoption of mobile applications and local market payment structures. Well, we are just selling vegetables through cryptocurrency.
Would you mind letting me know that which nation do you live, please.
As I said, what governments want is not ban on privacy coins, what they want is be ale to trace transaction histories as well as total value of transactions from privacy coins.
Their ultimate goals might be taxes can be collected from those privacy coins' exchange over time.
Although the thoughts and understanding of every governments about crypto currency are not the same but  I believe you're missing something when said what the government want is not ban on privacy coins which we both know that some governments place ban on Bitcoin because of it decentralized in nature while the supported XRP and EOS cause they are not privacy coins.