Cryptocurrencies are finding extensive use in the contemporary time in the absence of regulations which are not possible for this digital currency. The government of any country would be interested to stop use of cryptocurrency because users’ transactions are not feasible to be tracked. Bitcoin is popular and generating massive revenues for its users mostly in illegal and underworld transactions.
Why can’t cryptocurrency possibly be regulated
The regulation of this currency has least possibility because
• it is worldwide and not country-specific to which the country’s government has control;
• the transactions are purely digital without intervention of centralized banks of the country;
• cryptocurrency has no physical existence, but its units are transacted; and
• the transactions are opaque and can’t be accessed by anyone except by users with private key code. Click here to know more about #zcash cloud mining.
Why can’t cryptocurrency possibly be regulated
The regulation of this currency has least possibility because
• it is worldwide and not country-specific to which the country’s government has control;
• the transactions are purely digital without intervention of centralized banks of the country;
• cryptocurrency has no physical existence, but its units are transacted; and
• the transactions are opaque and can’t be accessed by anyone except by users with private key code. Click here to know more about #zcash cloud mining.
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