Since the drop of the first token in 2009, there has been a
battle for control going on within the digital world. This war is
generally financially based, as countries try to secure greater
control and grip on decentralized exchanges and cryptocurrency.
Here is a brief look into a few different perspectives from
countries that have tried to close the door on cryptocurrencies. A
Brief Look Into The Hate We’ll take a fundamental look at crypto’s
history for those who are less familiar on details that can impact
geographical and geopolitical perspectives. For those who are less
familiar around cryptocurrency and it’s history we will take a
quick dive in: the first crypto coin to bless us was Bitcoin in
2009. Starting as an idea on paper, it grew into a $50K+ top dog
coin and blockchain that is finding it’s way into New York’s stock
market via ETFs. With its 9,000,000% rise in the last decade, it’s
safe to say Bitcoin is the founder and start of where this war
begins.         Related Reading | Bitcoin Back
to $64K?, Why This Time The Bulls Have The Winning Edge As time
progressed and Bitcoin grew, more coins started to arise and make a
mark in the world of digital currency. In 2013, China attempted to
ban the coin, and label it an insufficient and illegal
currency.  At a high level, what makes these coins a hot
commodity to control is the ability to use these coins across the
web to buy and purchase many things both online and off. On top of
that, it has formed into the new “gold rush,” as young and old
investors took a liking to the profit and growth of these coins –
especially Bitcoin. Bitcoin has long positioned itself as the top
dog and face of crypto.: BTC on The first to enact
an official ban was Bolivia’s central bank, as they banned all
forms of currency that were not regulated by the government,
including Bitcoin and other cryptocurrency across the world in
June 2014. Many other countries have since created loopholes and
laws to regulate and/or ban these coins. Egypt has not yet made the
ban official, but according to Sharia law all crypto currency is
prohibited, according to the Islamic legislation. Many
countries fear that these coins could become more damaging then
helping for their economy, and the “war” around crypto has led to
some countries enacting laws accordingly.   Related
Reading | Value Of Ethereum Held By Miners Reaches Five-Year Record
Level The Latest “War”: China’s Ban This year, China made headlines
again by indefinitely banning all cryptocurrency and crypto-mining.
The Chinese government proceeded to have banks and exchanges shut
down crypto-related activity. This really is no surprise after
their attempts stemming back to 2013; meanwhile, their approach (or
one similar) has also been adopt from countries like Turkey,
Algeria, Bangladesh, Egypt, and Bolivia. Additionally, the UK
dropped the hammer on Binance for not meeting money laundering
requirements. It is especially difficult for countries, states, and
cities across the globe to regulate and monitor the activity on the
blockchain, and how we use this new form of currency – emphasized
by it’s mystique and ability to stay below the radar when it comes
to making transactions. What countries will do battle in this new
era of financial war?

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