What is blanket cryptocurrency trading?

Transferring cryptocurrencies from one account to another is as same as sharing files from one computer to the other so a regulatory ban might not take away people's ability to send cryptocurrencies to each other or holding with in there account in any form like in physical form in card or in digital from in there account. But it could complicate the process.

I do think that every gov should add some layer so that it can be done in such a way that transaction will not be available for public but all the details of the transition should be kept for minimum spam of day. After some day only amount will be in account not the transaction detail .

What’s the difference between public and private cryptocurrency?

Private cryptocurrency which is although built on public blockchains but conceal the transaction information to offer privacy to users. while Bitcoin offers anonymity Monaro offers privacy and a private token.

What the central government meant by private cryptocurrencies is still not clear around the world Bitcoin, Ethereum and other crypto tokens of this sort will not be banned because they are based on the public blockchain network. These digital coins come under public networks as they are providing a bit of anonymity to users.

Is a blanket ban possible?

Although a cryptocurrency in essence lacks any inherent value or liquidity or assets it might prove difficult to actually ban the tokens or as a currency which could be called an asset as currency or even a security or any form of there use.

How we send money in UPI form one account to another trading of cryptocurrencies from one wallet to another happens in the same process with some complicated algorithm behind them . So a regulatory ban is not the best way to people’s ability to transact cryptocurrencies or any other with one another. This another way to aware people in school , college and at gov. level so that people should know about these topic very clearly & chose better option to go further.

It is always possible for the government to create barriers , regulations or some restriction to transactions and entry of such digital coins or crypto as a assets. As thousand of investor and common people these who are aware of this technology's potential will loss a big amount and there hope to develop such brilliant technology. Gov should hire some crypto exports to know about all the details of these token for feature use or potential for every sectors . Add some bill around this.