Cryptocurrencies should be regulated and/or banned - for and against

This debate would take place at 8:45 PKT approximately and would be for and against crytocurrencies.

A study guide which I have from a Previous MUN on the topic, you can find it here:


Bitcoin Is Protecting Human Rights Around the World - YouTube why cryptocurrency saves millions of peoples lives.

against: its a giant tax dodge
for: anything can theoretically take its place, people could trade anything at all and choose to exchange them at arbitrary values to create a currency so they are somewhat unavoidable - following this logic though, the government could just make laws which tax you on your bitcoin but then they would lose all value, thus proving the ‘against’ position - because if people wanted to just trade on regulated currencies as per usual, they already could do that