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Bettina
How do I ask questions about virtual currency in English?
2023-06-02 06:29
Answer list:：
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Song-Thrush
The issue with virtual currencies is that they are not regulated by any central authority and are susceptible to fluctuations in value based solely on supply and demand. They are also vulnerable to security breaches and hacking as they exist solely in digital form. Furthermore, their use in illicit activities such as money laundering and terrorism financing has raised concerns among governments and financial institutions. There is also the issue of the lack of transparency and accountability in the transactions involving virtual currencies, making it challenging to regulate and prevent fraudulent activities.
Release time 2023 06 02
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White
Release time 2023 06 02
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Rowena
Virtual currency refers to a digital asset that is designed to function as a medium of exchange and uses encryption techniques to secure transactions and to control the creation of new units. The problems associated with virtual currency include its lack of regulation, anonymity, and susceptibility to fraud and hacking. As it is not backed by any government or physical assets, virtual currency values are volatile and can be affected by market speculation and manipulation. Additionally, virtual currencies such as Bitcoin have been used for illicit activities such as money laundering and purchasing illegal goods and services on the dark web. These issues have raised concerns among governments and financial institutions, which have led to increased efforts to regulate virtual currencies and prevent their use for criminal activities.
Release time 2023 06 02