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The fact that there is little evidence of any growth in using virtual money as a currency may be the reason why there are minimal attempts to regulate it. The reason for this could be simply that the marketplace is too small for cryptocurrencies to justify any regulatory effort. Additionally it is possible the regulators just do not understand the technology and its implications, anticipating any developments to act. In case of the fully-functioning cryptocurrency, it might even be dealt as being a commodity. Promoters of cryptocurrencies proclaim that sort of virtual money is not controlled by a key bank system and is not therefore susceptible to the vagaries of its inflation. Since there are always a minimal quantity of items, this moneyis importance is founded on market forces, permitting owners to industry over cryptocurrency exchanges.
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