Cryptocurrencies have come to stay. Many people around the world have adopted the use of cryptocurrencies, although conservative governments still resist their use. Hope is not lost for citizens of countries where governments imposed bans on the use of cryptocurrencies. One reason raised by governments to ban the use of cryptocurrencies is the fear of the upsurge of terrorist activities in their countries. However, these bans do no better in solving their fears. People from a country can cross borders and register their cryptocurrency accounts in neighbouring countries. The adoption of cryptocurrencies cannot be stopped by the imposition of bans. Rather, countries should leverage on the wealth creation capability of cryptocurrencies. Fighting the adoption of cryptocurrencies is like fighting the essence of democracy and human rights. Governments have the right to make their decisions but cannot stop the winds of global financial changes.
Sidetracking governments ban on cryptocurrency trading
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