Governments are suspicious about cryptocurrency because there is no central bank who backs him or control him. Although it is no doubt that future money is something lije bitcoin or cryptocurrency. There is a need of some regulators who regulate the transactions of bitcoin or control given to governments upto some limits.
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I can understand the perspective and I thank you for getting engaged in this post. What are your main reasons behind your belief that WG should have some form of control over the currency, even if just in regulatory fashion? Please let me know, I'm always interested in seeing another's perspective, perhaps I will learn something new or see things from a different light. I embrace constructive criticism :D
Thanks for your reply firstly, I love cryptocurrency and blockchain technology. It's a future of the 21st century. I don't criticise the cryptocurrency but my observations regarding bitcoin and cryptocurrency.
I seem that governments are of serious cocern about bitcoin privacy policy because it is not under the government rules and term and law.Recently China government give some indication of crackdown against bitcoin miners and deals.
It looks that government are not against the cryptocurrency but it's privacy and security which don't allows the government to check and balance the cryptocurrency accounts.