There is what the public thinks about the use and exchanges of bitcoin and other cryptos, then there is what the government and financial institutions of a country thinks about the use and exchange of these same crypto. The best guess is, the thinking of the masses won’t be in line with that of the government and financial institution(It has never been in line).
The major aim of the government of every country is to protect it’s citizens(in some cases the opposite is quite the result though). And when issues like bitcoin and other cryptos come up, they make inquiries from top financial institutions. And we all know how these institutions feel about the general acceptance of crypto-currencies.
The government of most countries are now seeing bitcoin and other crypto as a “Giant Ponzi Scheme” which they now fear will make most of their citizens loose money sooner or later. With this mind, most government are now set to review or set up rules to govern the use and exchange of bitcoin in their country.
So to some extent, it might be good for countries to set up precautionary measures for the use and exchange of bitcoin and other cryptos. But will it be wise if those new regulations or set up rules totally ban the use of cryptos? ….. well we leave that question to our readers.
More countries might join in either reviewing or setting up laws for the use and exchange of bitcoin and other crypto soon. Stay up to date with our reverse BTC and other crypto updates by following us on Twitter and Instagram @Mntrendsblog. Also like our Facebook Page “Mntrends Blog” for latest updates.