Why Governments Are So Anxious About Cryptocurrencies



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Why Governments of Many Countries Are So Anxious About Cryptocurrencies?

While cryptocurrencies, such as Bitcoin, are gaining popularity among the general public, governments around the world are becoming increasingly concerned.

Conventional currencies that belong to a specific countries are usually regulated by their governments to dictate, track, and monitor them.

Value is assigned to a specific currency, and people of that country are required to follow all regulations simply because government has the power to regulate it.

If organizations other than the government issue their own Cryptocurrency currency, it cannot be treated as a government-issued currency.

With all of that in mind, it is no surprise that the government officials are worried.

Consider each aspect of cryptocurrency that strikes concern into the hearts of governments in virtually every country.
Category
Cryptocurrencies
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