Read the following information
Choose the option that you prefer. Why do you prefer your choice? Explain the reasons for your choice. Write about 150-200 words.
Your State Government is planning a blanket ban on Cryptocurrency. There have been reports of frauds. The government has sent out an opinion survey to see what residents would like to have built-in that area.
Option A: Is banning cryptocurrencies the solution?
Option B: Banning a currency would push it into the black market.
As per my choice, I will go with Option A. Due to the advancement of technology, many things have been changed. In the present world of technology, there are numerous ways to earn money, and people are attracted to easy money. Because of this, more fraud and illegal types of practices are reported every day.
Firstly, residents of the respective country should be aware of the policy and best methods of the company before they are investing or making any contract with them. Government must regulate norms, and every member of stocking groups should follow the rules and regulations.
According to the recent survey, citizens of the nations are selecting companies that are not registered under the special board of the business. For example, one of my friends invested in Crypto and the website got hacked. As a result, he was not financially strong, making him depressed.
By considering the above reasons, I believe my analysis, and I think it will be suitable for implementing some programs.
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