Cryptocurrencies: Explain About Regulation and Scams Cryptocurrency can be defined as digital or virtual currency that typically appears as “coins” or tokens. A vast majority of the cryptocurrency in the present day is used in digital form, despite it making its way through credit cards and other mediums. For more, you can check out the recent cryptocurrency list in the trending mediums.
Reasons why cryptocurrency should be regulated Avoid market manipulation and safeguard Investors:
It’s not uncommon for cryptocurrency markets to be manipulated and prices to fluctuate widely. Consider Bitcoin, the oldest and most well-known cryptocurrency in the world, which reached record highs at the start of 2021 before falling sharply and losing a significant portion of its value. Therefore, it is essential to implement rules to protect investors, considering the lack of official information about cryptocurrency list and digital assets and the technological complexity linked with them.
Recognizing the threats posed by technology: Technology is developing at a staggering pace. This can be a major issue considering that modifications can make the cryptocurrency outdated. The fast-growing pace of technology has demanded the need