Post
Topic
Board Altcoin Discussion
Re: What are the reasons behind banning cryptos?
by
diminizio
on 01/05/2022, 14:55:46 UTC
Some countries have already banned cryptos. But i am not sure behind the reasons. Could you please share your thoughts on the reasons of banning cryptos?
Almost all of them think the same, the reasons given by the state for banning them sometimes don't make sense, such as the fear of the existence of cryptocurrencies that might destroy the existence of traditional money. But this is not entirely true, some countries also impose taxes on cryptocurrencies because they are considered legal as commodity futures assets. That means cryptocurrencies are still allowed in most countries that consider them to be investments, some of which do not think they are good for transactions.