Wow proven !!! Bitcoin Can Be Destroyed By Government Rules
A number of professors from Harvard University say, bitcoin digital currencies can be destroyed by government rules. This is also due to the anonymous nature of bitcoin transactions.
Professor Kenneth S Rogoff considers, the risk of financial anonymity will create an environment where regulation will destroy bitcoin.
"Small but anonymous transactions with virtual currency will be attractive, but on a large scale anonymous payments will make it very difficult to collect taxes and win criminal activity," Rogoff said as quoted by Cointelegraph on Tuesday
"(The government) can let digital currencies be peaceful, and not accept them as a means of payment, I think that's the right thing to do, but my guess is sooner or later the government will manage not to exist," Miron said.
The potential for government regulation is very real, in line with some countries that have restricted access to the exchange of bitcoins and other digital currencies.
Previously, China banned the issuance of new coins or initial coin offerings (ICO). China has also tightened access to bitcoin exchange.