Quote from: Ekeleboy on Today at 11:44:41 PM

While the adoption of cryptocurrency for commercial transaction is great, the government trying to monitor these transaction isn't such a greats idea.
Besides, most crypto currencies are decentralized. It either the commercial operators are directly monitored or there's another plan in place , probably not know to us yet.
Either ways, it'll be made clear soon.

If their citizen are already using crypto, then, this move is just a way how to regulate and of course, possibly tax crypto transactions. Because if they will not regulate the use, how can the government get tax from crypto-related businesses? So in a way, it is also their advantage why they are doing this move. Though the government can't get the full picture of those crypto transactions, at least get something from these transactions. Better than nothing, right?