Hello everyone hope you are doing very well today.
Crypto Currency is going viral that everyone in the world can talk about it, if not deeply the could say something about it on the surface.
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Crypto Currency is the best currency one should used for transactions, but some legislators do not want to legalize it. They make it look like a crime, if any citizen of their country uses it.
Here are some reasons they do that:
No Uniform Laws for Regulation
For every country to succeed in their economic development, that country must regulate the prices of goods and also give laws that would govern their currency. In some countries, crypto Currency has no law of regulation so as such it lacks legality, and it is also consider as a crime, if anyone used it. The government of any country has the final say, concerning it economic.
Lack of Control and Illicit Ties
Since crypto Currency is not legal in these countries, it cannot be be controlled by the government, as such if it is used in these countries, it is used illegally.
It's Risk
Investing with crypto Currency is highly risky and speculative, but if anyone wants to invest using this currency, he or she must do well to seek advice from a consultant,so as not to do mistakes, seeing that everyone is unique and different.
Volatility
Crypto Currency can disappear,or evaporate. The rising and falling of crypto Currency has made so many countries not really depend on it, not to talk of legalizing it.
The Problem of Validation
Some of these countries thinks that, crypto Currency is not accurate enough to legalize it. They cannot trust the buyers of this currency, they think that, nobody can be accurate in the pricing of these currency.