1. PixelPlaygroundHome
  2. Metaverse Insights

Why Bitcoin Cannot be Refused (Why Bitcoin Should Not be Banned)

• Metaverse Insights • 119 views

Why can\’t Bitcoin be refused? Why can\’t Bitcoin be refused? In the past two yea

Why Bitcoin Cannot be Refused (Why Bitcoin Should Not be Banned)

Why can’t Bitcoin be refused? Why can’t Bitcoin be refused?

In the past two years, more and more projects and investors have been trying to use Bitcoin as a means of payment. With the continuous development of the cryptocurrency market, increasing regulatory uncertainty, and mainstream financial institutions entering the market, investors have become interested in digital assets. However, due to the slow pace of market development, many investors have chosen to give up this asset class. This has forced many investors to sell their cryptocurrencies in exchange for higher returns. These problems are issues that Bitcoin cannot refuse because it has the characteristic of high volatility. When you encounter an unstable market, it is easy to be affected by price drops. But if this happens, you won’t have the opportunity to buy any of the assets in this market worth over a trillion dollars. Therefore, if you want to buy some Bitcoin, don’t hesitate.

However, for those who want to hold and believe in it, this decision is undoubtedly a positive outcome. As mentioned earlier, Bitcoin can become a way for people to make daily transactions. Although Bitcoin has been around for a while, it is not the only thing that can achieve this goal – it is not even ready for mass adoption. The price trend of Bitcoin also indicates that the potential supply of Bitcoin is still high. Despite this, in the long run, it will continue to maintain its upward trend and grow to new heights. (Bitcoinist)

Why Bitcoin Should Not be Banned

Editor’s Note: This article is from Blockchain Speak (ID: hellobtc), author: Yi Ke Yang Shu, reprinted with permission from Odaily Star Daily.

10 years after the birth of Bitcoin, US regulatory agencies did not crack down on the cryptocurrency market as severely as before. But as more and more governments and financial institutions begin to pay attention to the future development of digital assets, and central banks around the world begin to ban these “new things,” how will people view this series of issues? Why should the cryptocurrency industry not be banned?

1. There are no laws and regulations banning the cryptocurrency industry.

2. Why does the SEC insist on an ICO ban? Because it believes it is necessary to conduct KYC/AML; 3. Will exchanges comply with securities laws’ anti-money laundering regulations?

4. Is the exchange obligated to provide services or guarantee the security of transactions? 5. If any illegal activities are discovered, they should be reported to the court in a timely manner. 6. If any violations occur, they should be reported to the public security agency. 7. The exchange itself is a protected network platform. 8. What does it mean if the exchange is banned? 9. It doesn’t matter how much virtual currency a user purchases. 11. Which virtual currencies do investors hold? 12. According to the regulations of the Supervision of Bank Sponsorship, individuals cannot buy or sell their own tokens or use other methods to exchange their funds. At the same time, for exchanges, it is necessary to understand relevant information. For example: 1. The exchange has failed to prove that they have registered and have the corresponding accounts. The system can track the identities of all participants and prevent fraud. In addition, the exchange may be required to assist in checking users’ account balances and other situations.

10. Is there a risk of violating existing rules?

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/24542/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/17/2023 10:16
Next 08/17/2023 10:39

Recommended articles