Crypto currency acceptance

[rifman]

Many countries have not accepted crypto currency. What does this show?

 

[saoussen5765]

First of all banks are concurrent of cryptocurrency because outdated bank technology doesn't adopt cryptocurrency, regulation of crypto means banks will have all people cashout their funds and buying crypto from the state means closure of banks statements, this is how it does operate.

 

[fcbetting]

People don't choose it since it is not stabile. Today you wake up with 100$ and don't anything. Tommorrow you wake up and have 75$.

 

[Edulady]

People avoid cryptocurrency because of the risk associated with it either trading or holding. The pandemic really hit hard on people's pockets, so they would rather stick to less risky opportunities.

 

[Hate2Wait]

It shows they fear that cryptocurrency will affect their own currency so most countries have started to either ban crypto currency or they are taxing it heavily so to demotivate users

 

[Shavkat]

Many countries have not accepted crypto currency. What does this show?

It means that they are not ready for this idea yet.