I agree with you on this.
At the same time, I think the technology itself that's behind cryptos seems to be lucrative to central banks, with much talk about central bank digital currencies. Those would not be completely decentralised, though.
They have every right to be scared of crypto currency, since they have no control of it, they are not aware of the activities going on in the crypto space, it's more like the masses holding a form of power they have no access to.
We cat say the government is scared of crypto currency, one can only be scared of what one doesn't know, the government knows what crypto is and what it aims to achieve.
Because they know what crypto is, is exactly why they are so scared of it. There is Notting as worse as knowing what something can do, yet you have no power to stop it at all.
That's the misconception, they think that they know how to stop something that's unstoppable and the funny part is they copy the strategy of other countries that have failed before
LoL that's right, they can never even stop it in the first place. They can only place restrictions on it to some certain level but it cannot be stopped. Even with the restrictions people are still making investments in crypto currency.
And even the restriction is not working out so well with them because there would always be several other ways to access cryptocurrency which the government cannot stop.
That's just it, most trading platforms has already created the P2P system people are still going about buying and selling their crypto currency with ease. There even persons you can sell your crypto to offline with ease.
Exactly! So we can sell and buy crypto currency in an untraceable way by the governments and even use foreign accounts like Skrill which cannot be traced to Nigerian banks.
Yea I have a Skrill account but I have not been able to add my light bill yet, so I just left it. Are you making use of Skrill? For now though I am using roqqu for my crypto currency transactions.
Yes, I have a Skrill account but I mostly do not use it for my crypto currency transactions because the charge is high but I do make use of binance and roqqu for my transactions.