Recently, many governments have been showing increasing animosity against Cryptos. While the US is preparing to launch a Blockchain surveillance plan, other countries such as Sweeden are showing signs of moving towards a crypto crackdown by criminalising mining.
Should we be worried about this?
Should we be worried about this?
The trend of using bitcoin in many transactions is getting higher day by day as compared to fiat. If we look into the financial perspective. It may have a great impact on the economy. Governments should formulate regulations on crypto markets rather than banning or crackdown. Also as about the crackdown on crypto, I think it would be practically impossible for the government. However, nothing can be exactly predicted.
To tell you the truth, i am not afraid of government crack down on cryto currency but what is fear is the news of this crackdown.
As soon as we hear the news from any reliable source that government in banning crypto or arresting people for using crypto, all of sudden we may start to see the crypto prices dump.
