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The fact that there’s little evidence of any growth in using virtual money as a currency may be the reason there are minimal efforts to control it. The reason for this could be just that the marketplace is too little for cryptocurrencies to warrant any regulatory effort. It is also possible the regulators just do not understand the technology and its implications, expecting any developments to act. Here is the coolest thing about cryptocurrencies; they don’t physically exist everywhere, not even on a hard drive. When you take a look at a particular address for a wallet containing a cryptocurrency, there’s no digital information held in it, like in the same way that a bank could hold dollars in a bank account. It is only a representation of worth, but there is absolutely no actual tangible kind of that worth. Cryptocurrency wallets may not be confiscated or frozen or audited by the banks and the law. They do not have spending limits and withdrawal limitations imposed on them. No one but the person who owns the crypto wallet can decide how their wealth will be managed.