Due to the unique characteristics and inherent nature of cryptocurrency, there has been a widespread recognition of its distinct qualities. Cryptocurrency is a digital or virtual form of currency that utilizes cryptography for secure financial transactions, control the creation of additional units, and verify the transfer of assets. It operates on a decentralized network, known as a blockchain, which ensures transparency and immutability of transactions. Cryptocurrency has gained popularity due to its potential for financial inclusivity, borderless transactions, and reduced transaction costs. Additionally, its decentralized nature provides individuals with greater control over their funds and protects against potential government interference or monetary policy changes.
HomeDIGITAL ASSETS REGULATORYbis_asset_updateAdvocating for the Regulation of Virtual Currency: Insights from Ahmed Naseer