Encrypted digital currencies are an alternative to paper currencies but they face some problems that affect them. And most importantly
Accounting: Unlike the United States of America, the coded currency in European countries is considered private money that is not subject to any deduction or tax as long as it is outside the commercial sphere. Some places like the US and China have not been well accepted and some restrictions have been imposed on resident companies on blind currencies.
Laws: We have seen how the rumor of bitcoin in China and some other countries has caused market turmoil, and how governments make it difficult to work in this area if they decide to codify it. In New York State, the administration has issued a BitLicense System license where anyone who wants to form a company must apply for the license, which is estimated at $ 100,000, after fulfilling certain other conditions. This law was issued in 2015 and so far only 3 licenses have been issued, which illustrates the alienation of the digital currency from such places.
Protection: Although the most powerful technology in terms of protection, this has not prevented the largest exchange in the US, Coinbase, to be hacked twice in November and December 2016. Another problem is the authorities' inability to track conversions, identify counterfeits, Money.
We are confident that the future is my digital privilege
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