Why is cryptocurrency trading banned in many countries of the world including Bangladesh, India?
Virtual world- Can't be caught, can't be touched, yet it does exist! Cryptocurrency was discovered in harmony with that world. Someone named Satoshi Nakamoto (pseudonym) introduced the idea of cryptocurrency to introduce blockchain technology. Bitcoin is a kind of cryptocurrency.
No country has any control over Bitcoin. Most people are in the dark about bitcoin. There is no guarantee that the currency will not be a source of money for militant extremist.
Bitcoin is a volatile currency. There is no specific value. No one knows when this coin will collapse.To me crypto currency seems to be a breakthrough. The crypto currency is likely to occupy the currency space in the future. There are more powerful countries in the world than Bangladesh, they have not stopped bitcoin yet. But Bangladesh did. The excuse is money-laundering, while money is being regularly smuggled from this country. This is a false excuse. Nobody has control over paper money too.
But it should also be kept in mind. Without Dirham and Dinar, there will be no real currency in this world, because there is no real value for paper and electronic currency. Dollar that the Bangladesh Bank is holding today is nothing but paper. Then the billion dollar reserve is worthless. Although it is said that Bitcoin is not controlled. The paper has no control too.
| cryptocurrency trading banned |
No country has any control over Bitcoin. Most people are in the dark about bitcoin. There is no guarantee that the currency will not be a source of money for militant extremist.
Bitcoin is a volatile currency. There is no specific value. No one knows when this coin will collapse.To me crypto currency seems to be a breakthrough. The crypto currency is likely to occupy the currency space in the future. There are more powerful countries in the world than Bangladesh, they have not stopped bitcoin yet. But Bangladesh did. The excuse is money-laundering, while money is being regularly smuggled from this country. This is a false excuse. Nobody has control over paper money too.
But it should also be kept in mind. Without Dirham and Dinar, there will be no real currency in this world, because there is no real value for paper and electronic currency. Dollar that the Bangladesh Bank is holding today is nothing but paper. Then the billion dollar reserve is worthless. Although it is said that Bitcoin is not controlled. The paper has no control too.
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