The governments of different countries are yet to reach a common stand over Crypto currency as some are talking of regulation while others are opposing it and have imposed ban in their respective countries.
Having seen this a question comes to mind always that what is the future of digital coins?
Although the head of the World Bank said cryptos “are basically Ponzi schemes,” but I believe crypto currency will never cease to exist as people across the world have gladly accepted it. But it may undergo strict regulations very soon.
My personal view is it is a good sign. Unregulated anything does not bring anything good for long.
Recently, the SEC and Commodities Futures Trading Commission announced it will start regulating cryptos. I welcome it.
But I wonder when see some governments in Asia are cracking down on crypto, announcing they will even block crypto-related websites. I think it is madness. They need to study the market and formulate policy in that light.