Cryptocurrencies and their future retaliation.

Cryptocurrencies have become the boom of the XXI century because every day more and more people in the world operate with them, one of the main advantages that cryptocurrencies offer is that they are decentralized, this allows their value to be given by the same market, that is to say the law of supply and demand, also transparent operations can be made in just minutes making users can mobilize their tokens without any inconvenience.

Currently there are interests of many governments and institutions that want to harm cryptocurrencies, this is because having the characteristic of being decentralized they can not exercise any control over them directly, it is for them that some countries could begin to take some kind of action against cryptocurrencies. Jesse Powell the CEO of Kraken, one of the leading cryptocurrency exchanges stated the following:

"I think there could be some crackdown," he stated in an interview with CNBC.

Kraken is considering the possibility of going public through a direct listing in 2022, however Jesse Powell CEO of this company thinks that the regulatory uncertainty surrounding cryptocurrencies will not go away soon, as a recent anti-money laundering law pushed by the US government would require all citizens who save their cryptocurrencies in a private digital wallet to undergo identity checks if they make transactions exceeding $3,000 or more.

This proposal of the U.S. government is due to the fact that cryptocurrencies such as BitCoin are constantly associated with illicit activities, due to the fact that the people who carry out the operations do not go through an identification process that allows them to verify who sends the resources, because it can only be verified where they are destined to. This situation could seriously damage cryptocurrencies and destroy their original use, which is none other than to make financial services accessible to everyone.

These attacks that cryptocurrencies are facing is due to the eagerness of power countries such as the United States that only seek to have control over them, currently there are other countries that have even banned the use of cryptocurrencies as is the case of Turkey, who like the U.S. claim or justify this decision in the risks that users are being subjected in operations.