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Bitcoin’s association with illicit activities like drug trafficking and hacks is often brought up by critics, but detecting such activities in Bitcoin is much easier compared to physical cash because of its transparent and pseudo-anonymous nature.
Money laundering and using of crcypto in illegal trades, have been two major pain points for many countries. Government servants often mention such terms while addressing the media when the regulation of cryptos come into the picture. But it is actually much easier to track such payments in a blockchain environment, thanks to the "distributed ledger technology"! I just hope that Ciphertrace and Elliptic will be able to bring some kind of vigilance around it so that we can win back the trust from the government and convince them to regulate and adopt cryptos in the main ecosystem!
Majority of the Asian countries are still skeptical about cryptos! Unless they are assured that cryptos are much easier to track than conventional money, they will continue to maintain such negative stance about cryptos! Just think about the endless possibilities of cryptocurrencies if these are adopted and circulated within the mainstream economy!
