Quote from: matchi2011 on April 21, 2019, 09:20:24 AM

Quote from: pragna on April 21, 2019, 04:54:56 AM

Quote from: Theentre on March 11, 2019, 05:41:30 PM

Decentralization. Everyone is talking about it. Can cryptocurrency lead to the disappearance of banks. Or will banks be able to adjust and remain in power?

This is fully depends on how every government taking it generally in near future. As it is decentralized to government can not track its transaction as normal banking system can easily track. So government must think seriously about this, on the other hand how government will work if they not get any taxs from cryptocurrecny holder or trader. so lets see what is happening in future.

That's the fact and reason behind why government is still doubtful to embrace this new chain of system, they can easily track every transactions if its needed to review everywhere inside their jurisdictions when the banks are fully registered and comply with government rules, unlike decentralized where everything can be done between two wallets and process without a trace, banking system still have a good favor from the government.

In addition to that transactions can be anonymous as we have mixers in crypto that will make it harder for people to trace the real origin of transaction.
If they regulate crypto it's still not easy as regulating bank because the fact that we are using a decentralized system, people will use the essence of crypto.

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