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Why some governments are against cryptocurrency.
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[QUOTE="btaliat, post: 79016, member: 26390"] There are many reasons why various government ban the usage of cryptocurrencies. Although the goal of cryptocurrencies is to break the dominance of government in dictating and monopolising how fiat currency would be managed. Government fail to acknowledge the essence of cryptocurrencies because of its secrecy in transactions. You can not trace any transaction on cryptocurrencies. And all, government won't benefit from the activites on cryptocurrencies. The users cannot be taxed since they are not even known. Besides, cryptocurrencies is prone to online hacking and scamming. Majority of the people who are illiterate can easily be scammed. [/QUOTE]
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Why some governments are against cryptocurrency.
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