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Do you think that cryptocurrency will ever be able to replace all the world’s currencies? And if it ever happens, what can be the result of this. Do you think that the development of events is possible?
Did you know that not all countries recognize or accept cryptocurrency circulation, such as China, Nepal, Morocco, Algeria and several countries allow crypto transactions but with high taxes, such as India, Indonesia, Egypt, etc. This is one of the reasons why cryptocurrency cannot replace all curreRead more
Did you know that not all countries recognize or accept cryptocurrency circulation, such as China, Nepal, Morocco, Algeria and several countries allow crypto transactions but with high taxes, such as India, Indonesia, Egypt, etc. This is one of the reasons why cryptocurrency cannot replace all currencies in the world, but personally or individually, even though they live in a country that prohibits crypto such as Nepal, China can still carry out crypto transactions to buy or sell goods or services. Next they will convert via P2P trading.
See lessThe major reason why cryptocurrency cannot displace the fiat currencies of the world is because cryptocurrency is highly volatile. Imagine, your country's fiat currency moving up and down in a matter of minutes. That would spell economic doom for the entire global economy. Cryptocurrency is okay inRead more
The major reason why cryptocurrency cannot displace the fiat currencies of the world is because cryptocurrency is highly volatile. Imagine, your country’s fiat currency moving up and down in a matter of minutes. That would spell economic doom for the entire global economy.
Cryptocurrency is okay in it’s position as a store of value but it’s lack of regulation and corresponding volatility makes it not be able to replace fiat currencies of nations.
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