Swiss Bank Vs Cryptocurrency(Bitcoin)

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Swiss Bank is often considered as the best place to store the huge amount of wealth. Many rich people around the globe stores their wealth at Swiss bank escaping the tax from their native government. The main reason behind people storing money in the swiss bank is it is more secure and the native government can not track their money. Swiss Bank don't reveal their account holder's name and address. The privacy of the customer is key in the Swiss Bank. That's why people choose to store the money in Swiss Bank.

 

 

To store the money in Swiss Bank, an individual must have huge amount of money. But at present context you don't have to worry. Convert your wealth to cryptocurrency like Bitcoin, Ethereum where no one can track your wealth. In order words, Bitcoin, Ethereum are the personal Swiss Bank in your pocket. The government can not track the money. It's very difficult to track the crypto until and unless it's address is known. So , many people are often shifting their wealth to crypto like BTC,ETH. 

However, it's a very bad news for central government, central bank. If the wealth of the citizen is untraceable, the tax to be received by the government will be missed. Government wont get the enough tax to run the nation. That's why, taxation in crypto currency is must for better economy all over the world.

 

Regulation and Society adoption

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