Government Regulations Of Cryptocurrencies

In the last days we got news about governments putting down exchanges or ICOs, trying regulate them or completely to ban. Mostly news arrive from Asia like China and yesterday South Korea. But there also are more governments trying to regulate the markets. And much more will follow in the next days, months and years. In some cases, or in many, there are good reasons to regulate new things. One very important is to protect people of scams. Governments which are open for new technologies are interested in how to use this new currency in the future and to profit out of it. Other are scared of losing control over the entire capital system of their country and instead of working with the progress of new technologies they try to criminalize or ban.

In fact there is more behind the governments. There are Banks, Lobbies, Industries and people with "high value" which are working behind the scenes. In the same time some of them hardly try to ignore what is going on and if this is not working then try to fight it bash it down. When they are used to control things easily it can be frightening to see how people make there own decisions and they then become afraid of not knowing where it is going and how to regulate it all. They are not only used to work thinks out the easy way, also they want to cash on every step you make. The imagination that this will end and they will lose all control is frightening and makes some of them going to blow up.

As i talked about ignorance the situation will be handled this way as long as possible. In the same time there will be progress in the crypto world of decentralizing. More and more people will lose their trust in the fiat currencies and will search a way to get out of destabilization of their financial situation by investing in new technologies like Cryptos, ICOs and to protect them selfs by doing this decentralized and secured ways.

The Internet was just the beginning. It is a way to socialize and network together. We use it daily to communicate and to share informations, to work together in the same team without any borders. And thats the problem that governments do not like. Every regulation only can work if there are borders. It is not easy to regulate things from outside. And thats the second problem for governments. They get out of work if no one needs it. If things become decentralized more and more the governments are losing on powers of control. People are pulling their money out of the banks because they are just losing on value. Some banks even cash on you to hold money.

This all is just the beginning and most people do not have a clue what is going on. But in the next months and years there will be more and more technologies challenging the governments. But also there will be countries working for the people and trying to profit from new kind of thinking. They will try to progress and develop new and modern concepts of what a government is. They one day will step up in a better position and will leave other governments look like from stoned age.

Things need progress and they will progress. It is a decision on how to look on them. It is the best way never to stop learning and be open minded for new things. Life is challenging us every day and never becomes easy or boring.

Thank you for reading where every you are!