Lens1000
VIP Contributor
So many countries are very skeptical of legalizing cryptocurrency due to the concerns about its potential impact on their traditional financial system because it could have a great impact on their monetary policies. That is why they are always skeptical and hesitant to legalize it . The regulatory uncertainity that is involved in cryptocurrency makes is a lot more difficult and we should also understand that cryptocurrency landscape lack clear guidelines and that is why it becomes a significant factor. There are so many countries not willing to legalize cryptocurrency because it is known to be used for illicit activities because its transaction is difficult to trace.