What are the potential consequences of banning digital currency according to the chairman?

3 answers

• May 07, 2022 · 3 years ago
  Banning digital currency could have significant economic consequences. It could lead to a decrease in investment and innovation in the digital currency industry, as well as hinder the growth of related businesses. Additionally, it may create a black market for digital currency, making it difficult for authorities to regulate and monitor transactions. Overall, the chairman believes that banning digital currency could stifle economic growth and technological advancements.
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• May 07, 2022 · 3 years ago
  The chairman warns that banning digital currency could result in a loss of financial privacy for individuals. Without digital currency, people may be forced to rely solely on traditional banking systems, which are subject to government surveillance and control. This could infringe on individuals' rights to financial autonomy and privacy.
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• May 07, 2022 · 3 years ago
  According to industry experts, banning digital currency could lead to a surge in illegal activities. Cryptocurrencies provide a certain level of anonymity, and without them, criminals may resort to alternative methods for conducting illicit transactions. This could pose a challenge for law enforcement agencies and potentially increase the risk of financial crimes.
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