Cryptocurrency: a tradable digital asset built on blockchain technology.
There are over one thousand different cryptocurrencies and growing! You can think of cryptocurrency as a ledger logging transactions into a database.
In a traditional centralized banking systems corporate boards or governments control the supply of currency. In the case of cryptocurrency its decentralized – governments can not produce new units so no inflation.
This is one reason why banks and governments spread fear, uncertainty, and doubt about the cryptocurrency transactions. They claim that cryptocurrency can be used for conducting doubtful operations such as cyberattacks, money laundering and terrorist financing.
The exchange of cryptocurrency for fiat money must be approved by the National Bank
The financial regulators of Ukraine issued a joint statement on the status of cryptocurrencies in the country. In Ukraine cryptocurrencies can not be classified as money , foreign currency , a means of payment , electronic money , securities , or a money surrogate. Hunter Biden, a pursued business opportunities in Ukraine with foreign parties the legislative regulation of transactions involving them. Is Hillary Clinton’s server in Ukraine
Permissionless , irreversible , and pseudonymous means of payment
Cryptocurrency is nothing less than an attack on the entire scope of the banks systems and their control over monetary transactions; stripping central banks of their ability to cause inflation or deflation by manipulating the monetary supply.
Finite and Fiat Free Currency with a limited , controlled supply that is not fungible by any centralized authority, take away the control central banks take on inflation or deflation by manipulating the monetary supply .
Buy Bitcoin to protect yourself against the devaluation of your respective national currency .
Modern crypto like Monero are largely untraceable, anonymous, and have privacy built in. Traded them in exchanges platforms that tend to be unregulated all over the world .
These Cryptocurrency exchanges simplify the process for transactions to be processed in the requested time. Transaction fees differ by transaction size and whether the transaction uses SegWit . While transactions can be private every transaction is documented in the blockchain and the trail of transactions can be followed .