Governments are extremely scared of cryptocurrencies because there is absolutely NO controlling it. It is a force of nature at this point. I thin that this is a theme that we will see more and more of, but it ultimately will not affect much.
India as of late has been passing a few strict anti-money-laundering laws. In my opinion, they should recognize and embrace crypto, not shun it. For example, the approach that Japan is taking.
My concern is the amount of cryptocurrencies that are coming up. Anyone can make currencies? If any one can make dollars there would be no economy left to spend it on.
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Yes, anyone can make digital currency that has a little knowledge just like anyone can cut a piece of paper and put some pictures on it. The value comes from the consensus of people.
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