If can not dominate cryptocurrencies ban it, this is the most popular mentality when you see other countries deal with it. It is too dangerous to allow something they can not govern and control, most of the countries worry that most of their citizens hide their assets in cryptocurrencies and use it as a channel to move wealth and assets from one country to another. If the government does not have the visibility for the trade and flow of the transaction, it can not tax.
Cryptocurrencies such as bitcoin remain a very popular trading among the world market, whether you officially ban it or not. More and more people are moving into setting up crypto mining operations. This is one reason for some high performance graphical performance cards, you will never be able to see them trade at a fair price, because it has high demand for those who pay for premium.
The internet as the open platform continues with a lot of innovation, including cryptocurrencies and block chain security. How to use it for good, since most of the country’s governments adopt the very conservative mentality, it continues intent to govern it like their own country’s currency note. But when it trades worldwide, and with all the figures for being universal cryptocurrencies that secure and can trade and transfer in a complete digital manner, most of the country will adopt if they can not dominate it mentality. We recently saw China standing on the matter, and India is following with the same standing. When cryptocurrencies are under the respective country’s governance, will it be the same as what it is like today? most likely will not be.
E-SPIN Group in the enterprise ICT solution supply, consultancy, project management, training and maintenance for corporation and government agencies did business across the region and via the channel. Feel free to contact E-SPIN for your project requirement and inquiry.
