OpalSolitude
Sat Jun 08 2024
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6 answers
1412
Why is crypto not the future?｜. The rapid rise of cryptocurrencies and DeFi enterprises means that billions of dollars in transactions are now taking place in a relatively unregulated sector, raising concerns about fraud, tax evasion, and cybersecurity, as well as broader financial stability.Volatility and lack of regulation
Why isn't cryptocurrency considered the future? Given the rapid surge of cryptocurrencies and DeFi enterprises, billions of dollars are now flowing through a relatively unregulated space. This trend raises concerns about fraud, tax evasion, and cybersecurity issues, not to mention broader financial stability concerns. Additionally, the volatility and lack of regulation surrounding cryptocurrencies make them seem unreliable as a long-term investment or as a replacement for traditional currencies. What are the key reasons that prevent cryptocurrencies from being seen as the future of finance?
