In a little time and with our eyes open, we've seen a complete transformation in the finance sector. This disruptive invention has even spread some of it's power to other sectors such as; the gaming sector, in the business world, online shopping, commerce, marketing, name it.
That being said, Blockchain technology is best described as an incipient high-tech often associated with cryptocurrency trading. In clear terms, Blockchain Technology is the new borderline that is changing the way power is distributed. This new invention has been integrated into many business models in an attempt to execute a peer-to-peer as well as wholesale transactions.
Regardless of the disruptive power behind the blockchain technology, the majority of governments and large establishments still has a negative view pertaining to this invention. In fact, some countries are placing huge restrictions on this invention, some of these countries include; China, Russia, Vietnam, Bolivia, Columbia, and Ecuador.
Considering the fact that Bitcoin is approximately 10 years old, some anonymous countries are still lacking in terms of technology and explicit systems that regulates, restricts or even ban the use of cryptocurrencies.
The decentralized and anonymous nature of Bitcoin has challenged many governments on how to allow legal use while preventing criminal transactions. Many countries are still analyzing ways to regulate the the cryptocurrency. Overall, Bitcoin remains in a legal gray area for much of the world. Source
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This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.