The authorities of most countries in the world negatively regard the frenzied growth of the popularity of new electronic money. All because they are very difficult to control. As for the demand and prospects for crypto currency, fierce disputes are being fought, but so far no real benefit to the world has brought this instrument. There are several reasons for this, writes Forbes. First, the market of bitcoin payments has become a haven for hackers and scammers. This year investors have invested more than $ 3 billion in crypto-currencies. But most ICO-placements are organized by scammers and people far from business. In 90% of cases, their goal is to raise money by subscription and hide. At the same time, the new technology is vulnerable to cybercriminals. According to statistics, hackers steal about 10% of funds raised through ICO. They create fake sites, steal crypto-currencies from purses and even minecraft bitcoins on other people's computers. Secondly, the high demand for bitcoin is provided mainly by the shadow market. With the help of crypto currency, drug addicts pay with dealers, killers receive a fee for the execution of orders, and black transplantologists buy human organs. All anonymously, the extreme you will not find. "Bits" are also popular with arms dealers, kidnappers and terrorists.

Crypto-currency wallets found members of the terrorist group IG banned in Russia. Thirdly, the extraction of crypto-currency takes huge energy resources. New money is mined using video cards or ASIC-processors. According to the Power Compare portal, the increase in electricity costs for mining exceeds the energy consumption of 159 countries, including Ireland and most of Africa. The production of crypto currency is about 31 terawatt-hours per year, or about 0.13% of the world's total energy production. Fourth, crypto currency is ideal for money laundering, tax evasion and withdrawal of capital. In many countries, there are restrictions on cross-border transfers of funds, but now they are easily circumvented by means of bitcoins. Services for cashing money using bitcoins for a commission appeared in Russia. They allow you to avoid VAT and other taxes. The development of crypto-economy can lead to the fact that from the control of fiscal bodies will leave whole industries, for example, IT. Fifth, bitcoins are investments with extreme risk. The market for crypto currency due to the created hype and frenzied growth of quotations comes a lot of random people who can lose all their savings on speculations by bitcoins. In addition, this asset is very volatile (causeless jumps in the rate of 10-20% per day - a common thing), and exchanges often operate unstably. Sixthly, bitcoin is many times overrated. Analysts of JP Morgan have estimated that the main crypto-currencies since their appearance in 2009.

it was introduced about $ 10 billion, which is far from the current capitalization of $ 400 billion.

At the same time, about 50% of the market is controlled by a small group of people related to each other. What will happen if they decide to withdraw from this asset?.

Extraction and trade of bitcoins lead to the diversion of resources from more promising projects, for example from biotechnology. Anonymity, uncontrollability, active use on the black market makes us think about the most conservative attitude of the state to the crypto currency. Russia should not legalize the "cue ball". It is much better to focus on the very technology of decentralization with the help of a blockbuster. It is in it that lies the innovation that deserves attention. Blocking can become the basis for creating a new economy, promote efficiency gains, reduce corruption and administrative pressure on businesses, and create new jobs.