Latest cryptocurrency

4 Issues Facing Cryptocurrency Today

5 disadvantages of cryptocurrency

Right now, most cryptocurrencies remain unregulated as financial assets under the U.S. Securities and Exchange Commission (SEC) , and because of this, “their prices are frequently manipulated, market participants are too often defrauded or simply exploited, assets are stolen outright, and taxes owed are often not …

Why are cryptocurrencies contentious? Critics of digital currencies point to their volatility and say their use could undermine authorities’ control of global financial and monetary systems, increase systemic risk, fuel white-collar crime and hurt investors.

The risk is entirely on the investors, with no formal protection in place if they take the wrong gamble . There has been a significant rise in crypto scams, with many wallets held on the blockchain being fed into scam companies, and the wallets emptied and stolen.