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Cryptocurrencies have enjoyed an unparalleled level of popularity in recent times. While once considered to represent a niche market, tokens such as Bitcoin and Ethereum are entering into mainstream use thanks in no small part to the rise in e-commerce.
While this is great news for investors as well as the average consumer, this meteoric rise has some concern. Governments, in particular, have expressed their desire to reign in the crypto marketplace. Does such a move make any sense? If so, what benefits might it provide? Are there any potential drawbacks associated with tighter regulatory controls? These are all extremely relevant questions and if we wish to know what the future may have in store, each should be examined in more detail.
The Current State of Play of the Crypto Marketplace
One of the most appealing aspects of crypto trading is associated with its inherently anonymous nature. Unlike fiat transactions and investments, personal details are never kept within any type of digital ledger. This provides an additional level of security while helping to ensure that sensitive data does not fall into the wrong hands.
While anonymity has always been a tenet of the cryptocurrency ecosystem, its sheer size has also been steadily increasing over the past few years. This partially arises from the fact that tokens such as Bitcoin and Ethereum represent convenient payment solutions for online services; the virtual casino community is a perfect example of how “hybrid” (fiat and crypto platforms) are becoming commonplace.
These are some of the main trends attributed to the cryptocurrency sector. So, what aspects have some governing bodies concerned? It is just as prudent to take a look at the other side of this virtual coin.
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