Until this date, the use, function, and exchange of Bitcoin and other digital currencies have been limited and circulated around small communities – a group of individuals or large companies – who have traveled to the world of digital currencies. Because the small community, the ability to spend or exchange with various products is also limited and many of these currency owners hope to be widely accepted in the future. Even though this is possible, it will take time and a lot of discussion due to concern for great safety and security. In addition, the government and several large institutions are threatened with the possibility of using such a system.
Not many people are widely accepted digital currency. If you have never heard it or not one of those who have spent a lot of time understanding, mining and getting the currency, you will not feel safe to trade or get the currency in return on the items you want or have. It has not been widely accepted and fear of the loss that can be obtained in the future is very good due to the fact that there is no government body in it. People need to feel safe using it but this usually requires interference and approval from the government and the financial markets of the financial market.
The need for the body that controls
Transfers to digital currencies will allow people to trade online without spending actual money and paper that tends to be stolen. However, it is not a hidden facts that some digital currencies have been stolen too. The government wants to control it because there are a large amount of income from exchange and trade. Other sectors are not open to the actual value of digital currencies it may be difficult to liquidate their assets and utilize digital currency exchange.