The Cryptocurrency revolution has not only raised a red flag for banks and the global financial system, the invasion of virtual currencies has been threatening tax collection and anti-money laundering initiatives. Criminals, tax evaders, and terrorists are effusively capitalizing on the anonymous feature and can turn their black money into white money.
Analysts and global regulators have stressed on taking strong initiatives to avert the criminal activities by regulating cryptocurrencies and banning their anonymous feature.
Some analysts believe cryptocurrencies are pump and dump schemes and don’t have any underlying value to support the price ...
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