Recently, news about cryptocurrency, in particular about Bitcoin, has flooded the Internet space and media. The rapid growth in popularity and, accordingly, the rate of this cryptocurrency, especially since 2017, has made a stir around it.
How the world views Bitcoin
But the attitude towards Bitcoin is very ambiguous, and in many countries this cryptocurrency does not have a certain status.
This digital currency is classified in different ways: virtual currency, "monetary surrogate", intangible value, virtual goods, and the like. Our country belongs to such states.
What is Bitcoin?
Bitcoin is a cryptocurrency (digital currency) that has no centralized management and no issuer.
If we talk about the peculiarities of Bitcoin in our country, it should be noted that this cryptocurrency remains outside the legal field of the current domestic legislation.
It is because of the complexity of the qualification of this object from the point of view of the legal approach that this is the reason for the uncertainty of the status of this cryptocurrency. But despite this, the number of Bitcoin users is growing every year.
What is the profit and what are the risks of using bitcoin in USA
Therefore, it is worth considering directly the benefits and risks of using Bitcoin in our country.
Benefits of using Bitcoin:
Of course, Bitcoin has disadvantages, and the main disadvantages of using them are as follows:
The bottom line
So, Bitcoin has its disadvantages and advantages, but the biggest of them is precisely the legal uncertainty of this object. Therefore, the first step of the state to meet this technology is precisely the provision of a certain status for this cryptocurrency, as well as the creation of legal boundaries for users of this digital product.
And this, in turn, will lead to the disappearance of negative precedents with it, reduce the risks associated with its use, which will generally have a positive effect on the development of cryptocurrency in the legal and investment climate of our country, which will lead to expanding the boundaries for business activities.
The Topic of Article: How the world views Bitcoin.