Crypto Money Facts,Why are governments afraid of crypto money?

One of the most popular agenda of recent years is crypto money. Although these new currencies, which have entered my life about 8-9 years ago, have been developed quietly for a while, they have attracted a great deal of attention from the heads of state to giant investment companies for a few years.

The money is not connected to a central authority or a court. The production of these funds, like their assets, is entirely user-based. The first thing we need to know is that each crypto currency has a specific production limit. When it comes to Bitcoini as an example, when it comes to the first market, there are 21 million bitcoins available. So it has limited production. For this reason, the demand for this money increases with each passing day because it becomes increasingly difficult to find and smaller pieces are divided.

The reason why the crypto currencies are perceived as threats by the states is that they can be used very easily for illegal activities such as money laundering and tax evasion. They can not be followed by a central authority because these funds are held virtually, and since these books are part of a millions of users' computers in a divided way. This is something that closes the front of the governments. Again for similar reasons, banks and non-governmental organizations continue to exert pressure on governments in this regard.