Gregory R Smith

What It’s in Everybody’s Interests to Regulate Cryptocurrencies

Cryptocurrencies are the newest fad of today’s society, cryptocurrencies are usually the best way to transmit money wirelessly, without physical requirements and the such. Regulation of Cryptocurrencies is an essential part of what any government should do in order to prevent the proliferation of destructive amounts of cryptocurrencies, cryptocurrencies are usually quite easy to use and abuse by a lot of people out there and therefore it is wise that governments keep tabs on such things. Here we’ve written a quick article detailing why it is in everybody’s interests to regulate cryptocurrencies. If you wish to invest and get a hold of a good number of cryptocurrencies, it’s wise to learn how to buy on bitrex for investing and buying cryptocurrencies.

Cryptocurrencies are used in drug transactions often

Cryptocurrencies have been used in drug transactions like from sites like the Silk Road which allows for the free proliferation of drug usage and abuse that has plagued American society and societies across the world, in order to arrest such proliferation, you should probably lobby your local government officials to begin to regulate cryptocurrencies to arrest such huge amounts of drugs from entering the market and disrupting how the normal function of American society works and filling prisons with inmates from across the country.

Cryptocurrencies have a large amount of destructive potential

Cryptocurrencies have been used by governments to send money to terrorist organizations overseas, to finance drug gangs, cartels and a large number of different things that don’t do any good for American society nor any society at large, regulation of such mess can seriously improve the chances of your country to survive the possible negative effects of cryptocurrencies at large, effective regulation has been proven over and over again to help immensely in this regard.