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Topic: Difficulty in regularizing cryptocurrencies in current governments - page 2. (Read 172 times)

legendary
Activity: 2072
Merit: 4265
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This question and the answers to it come up with enviable popularity, and one might just wonder why governments are interested in regulation.

This is quite clear here. This is a loss of control. And this is a kind of undermining of political power. If cryptocurrency is accepted at the state level, this may result in a loss of control over the movement of cash flows. It is difficult for governments to track the income of cryptocurrency holders, which raises the question of taxation.

And yes, bitcoin is still not popular with many due to various scammers who are doing their best to deceive users. And there is also a lack of good computer literacy in the population in order to use and store their crypto assets correctly.
jr. member
Activity: 106
Merit: 1
The trend of hacker attacks on cryptos and why many governments don't accept cryptos?
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