After the economic crisis of 2008, it was felt there was a need of decentralized economy all over the world. Because of it cryptocurrency like Bitcoin was evolved where people can send their funds without the need of centralized authority. At present scenario, there are many people around the globe using the cryptocurrency. But the central banks around the globe hates the cryptocurrency as it is untraceable and most of the nation bans it.
Cryptocurrency is an another way for the people to store their in order wealth to escape from taxes. In simple words, it is an swiss bank in your pocket. Since, many people use it for illegal purpose to hide the money. Most of nation has ban the virtual currency like BTC.
In my personal opinion, The cryptocurrency must be used all over the world through proper regulation with inclusion of taxation from the government.
