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Prospects for the development of the cryptocurrency market

Cryptocurrencies are very difficult to completely ban, but politicians are in no hurry to recognize them as money. At best, they are recognized as securities, for the convenience of taxation.

More recently, the release of a state-owned cryptocurrency would have seemed like a joke. But when, following Venezuela, China announced the upcoming transition to cryptocurrency and the EU began to think about it, the situation became somewhat clearer. The powerful of this world want to use all the useful properties of blockchain assets, eliminating all inconvenient ones. To do this, a hybrid of cryptocurrency and fiat is being created. Such money cannot be forged and their turnover can be easily controlled, but we are not talking about decentralization and anonymity.

Let's see what happens. In the meantime, miners earn on block generation, traders on volatility, and the rest of the owners of digital coins are waiting for the next price jump. We are still at the very beginning of the path, studying in practice what a cryptocurrency is and how to use it. But blockchain technologies are being implemented everywhere in different spheres of life, and this means that a complete transition to virtual money is only a matter of time.
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