Is Crypto Genuine?

[PRIBO247]

I really wonder if cryptocurrency is genuine, many government against it and any thing that is not supported by government is an offense. So what should we say about crypto?

Not all government is against it. Those against crypto are the ones who don't like change or anything that is not under their control. Crypto is very real.

[Cutter Cute]

the government opposes cryptocurrency because nobody regulates the movements of coin prices such as bitcoin, they have prices that are always rapidly changing, therefore some countries still ban but they are very happy with the existing blockchain technology to record all data transaction

[adterna]

Cryptocurrency is a digital currency that is in cyberspace, its existence is of course there, but it is not physical like fiat money, Of course there are many goverments reject it, if cryptocurrency is used in a country, they should have many regulatory rules that must be regulated

[comer]

It's 100% genuine!
I have outline few things that I can say it's real.
1. the first crypto currency BITCOIN exist for already 1 decade ( 10 years ) - how could an financial ecosystem exist for 10years if it's not real?
2. Media attention - you could see news globally about cryptocurrency.
3. Government attention - some countries in europe is crypto friendly and even give permission to crypto company to operate at their country.

[halvin]

I really wonder if cryptocurrency is genuine, many government against it and any thing that is not supported by government is an offense. So what should we say about crypto?

Original cryptocurrency is real, but only in digital form, it is often called digital assets, which now many stock investors turn to crypto.

There are several reasons why crypto is still widely rejected for legalization in some countries with various risks and considerations.

1. Money laundering
   The government considers bitcoin potentially used for crime
   money laundering, money laundering is an attempt to disguise or
   hiding the origin of money, assets resulting from criminal acts.

2. Terrorist funding
   Terrorist funding is one of the causes of bitcoin being rejected in some
   Countries by using bitcoin to fund terrorist actions.

3. Anonymous
   Its nature tends to be anonymous without a name, an identity with an anonymous nature will
   vulnerable to fraud, if someone commits fraud with
   the bitcoin method will certainly be difficult to reveal who owns and accepts bitcoin
   
4. Hackers
   This cyber crime cannot be separated from various payment systems
   online including bitcoin, lately the crime of Hacker is rampant against
   Cryptocurrency exchanger.

As I said above, cryptocurrency is a digital asset of someone's wealth stored in the ledger record with blockchain technology.

[gurunanakji777]

No doubt crypto is very genuine. But this year some countries ban cyrpto in their country but one good thing is that some countries are not banning it but they are trying to regulate it that is also a good news for crypto currencies. I personally feel gradually many countries will allow to trade crypto currency like as fiat but it can take some years. 

[Bhussainn2]

crypto is genuine. Actually government wants to control it. But unable to control it . So in many countries it is banned.

[WWoF]

Crypto is 100 percentage genuine. No doubt about that. They will start to realise about that in the future. Only now they are thinking about that and they are planning to regulate that easily. Because of that they are trying to say some words agains cryptocurrency. They have to accept that in the future. People love cryptocurrencies and cryptocurrencies have amazing benefits.