Bitcoin is Good or Bad

17, May 2017

Speaking for 2017, we’re still far from Bitcoin, or any other cryptocurrency initiative, being officially recognized by a state government as a preferred mode of currency. Mere months ago, Bitcoin saw a 35% fluctuation in price range after a proposed exchange-trade fund by the Winklevoss Bitcoin Trust was denied by the U.S. Securities and Exchange Commission due to concerns that the currency could be used for illegal purposes such as black market trading. However, hope is anything but out, and 2017 will be a year to watch out for as far as alternative currencies are concerned.

In various cases cryptocurrencies are used to Terrorism, Human trafficking and Drug mafia. Cryptocurrencies are not tracable and there are no source of generating.

Government of countries should have to formulate saperate enforcement law to protect abbusive or misuse of that currencies.