Should cryptocurrency be legalised?

Question

Since cryptocurrencies are an outstanding financial system free from government intervention, no matter how much amount you wish to trade in, I am from the UK and I wonder if crypto currency should be legalised in other countries or not.

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Moris Johnsons 3 months 1 Answer 41 views 0

Answer ( 1 )

  1. This very question is being debated by several countries right now. However, the major consensus among many is that cryptocurrency trading is a widely unregulated market, therefore, for the time being, everyone should proceed with caution.
    Meanwhile, several institutions are shying away from having anything to do with virtual currency. As you might be aware that Facebook has shunned any adverts pertaining to crypto currency on its platform.
    The Bank Of America along with JP Morgan and Citigroup has banned the use of their credit cards for Virtual Coin purchase.

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