Are We seeing more security in Bitcoin ?

[Victor001]

According to data released by chainalysis , the rate at which Bitcoin is being used for illegal activities reduce up to 53% in the year 2020.

As at 2019 , there were a total of 20 billion illegal activities carried through Bitcoin . This statistics reduce by 53% in 2020.

Do you think that more security measures are putting towards improving security of Bitcoin and cryptocurrency in general ?
Will this convince the government about Bitcoin ?

Bitcoin populace is rising abruptly and people are working tirelessly to break the bound to leak enough capital to themselves, boosting it's security is always in place

 

[Nurudeen]

I dont think adding more security to Bitcoin can actually convince the government from accepting the crypto currency exchange Business. What the government wants right now is to earn some revenue from the sector which crypto currency exchange Business is making it hard for them to get

 

[Billy]

According to data released by chainalysis , the rate at which Bitcoin is being used for illegal activities reduce up to 53% in the year 2020.

As at 2019 , there were a total of 20 billion illegal activities carried through Bitcoin . This statistics reduce by 53% in 2020.

Do you think that more security measures are putting towards improving security of Bitcoin and cryptocurrency in general ?
Will this convince the government about Bitcoin ?

Security and anonymity have been a main concern of BTC. With this move, am excited it will increase its adoption.
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According to data released by chainalysis , the rate at which Bitcoin is being used for illegal activities reduce up to 53% in the year 2020.

As at 2019 , there were a total of 20 billion illegal activities carried through Bitcoin . This statistics reduce by 53% in 2020.

Do you think that more security measures are putting towards improving security of Bitcoin and cryptocurrency in general ?
Will this convince the government about Bitcoin ?

Security and anonymity have been a main concern of BTC. With this move, am excited it will increase its adoption.

 

[Josemendez]

Despite the Internet fraudulent activities on biticon I think there are security put in place to protect Investors from been scammed of their money, but I think more should be done.

Currently , there are ways to track Bitcoin transaction .this has made it possible for stole Bitcoin to be track and frozen if store in a cex exchange site. The anonymous nature of bitcoin has reduced.

 

[Dowenship]

I think as long as there's problem, there will always be a solution... Probably the chain industry look at ways how to solve this security measure with advance security and measures.

 

[Kingsley]

Yes there are more moves to secure crypto currencies from cyber attacks which can have an adverse effect on the investors and even potential investors, Thus making difficult for fraudsters.

 

[Erik4150]

Yes I have made observations and I can say that there is more security for crypto traders using bitcoin. The importance of security cannot be overemphasized.

 

[Eodine]

There was a time whenever bitcoin was mentioned, illegal activities come to mind but now it is a good thing that it's management is trying to curb that, let's hope this will help convince world leaders and government.

 

[Alexandoy]

I think the illegal activities are being watched by the central bank which may lead to a ban. In our country we have the anti-money laundering group that probably is also watching the crypto market because it can be used for laundering criminal money. If the government cannot regulate the crypto market then a ban would be the probable solution.

 

[Kelly5]

This security lapses in the use of the cryptocurrencies are from the owners of these assets and not from the cryptocurrencies themselves. If you're careless in keeping your Bitcoin, it opens it up to theives

 

[Richard92]

Bitcoins this day is having more securities and I think it is safe for investment. However these days cryptocurrency in general I've been falling in the market because of the band of use of cryptocurrency in China.

 

[Dowenship]

According to data released by chainalysis , the rate at which Bitcoin is being used for illegal activities reduce up to 53% in the year 2020.

As at 2019 , there were a total of 20 billion illegal activities carried through Bitcoin . This statistics reduce by 53% in 2020.

Do you think that more security measures are putting towards improving security of Bitcoin and cryptocurrency in general ?
Will this convince the government about Bitcoin ?

I'm very sure this Percentage would have reduced drastically, because easier this year some laws have been passed across to ever exchange to give out the aint of money or asset coming in per day.

 

[Josemendez]

I'm very sure this Percentage would have reduced drastically, because easier this year some laws have been passed across to ever exchange to give out the aint of money or asset coming in per day.

I don't think the law was effective because there has never been any news showing these details from the several exchanges that we have. I think the thing is more on regulators acting on exchanges .

 

[Lens]

The security measures of bitcoin isn't something to write home about. It's being used for illegal activities. Mostly, the corrupt politicians have found a new tool they would use to embezzle public funds without trace

 

[eLdavis]

Various security measures are actually being set up to prevent using bitcoin for illegal activities. Such as the introduction and strictly use of KYC. It was also because of illegal activities that made most countries ban crypto as one of their reasons

 

[Dowenship]

I don't think the law was effective because there has never been any news showing these details from the several exchanges that we have. I think the thing is more on regulators acting on exchanges .

Yeah, you are right because earlier last month, binance and done other exchanges that failed to follow the law instructed to shut down it operation if they are not complying with their way.

 

[Heatman]

Bitcoins this day is having more securities and I think it is safe for investment. However these days cryptocurrency in general I've been falling in the market because of the band of use of cryptocurrency in China.

Seriously, the continued ban of cryptocurrencies in some countries is a very big challenge to the acceptance of the coins worldwide. These bans have serious negative effects in the prices of cryptocurrencies.

 

[Snazzy001]

Not today bitcoin has been providing enough security and the security believe me are very strong and are almost impossible to break in easily

 

[Josemendez]

Seriously, the continued ban of cryptocurrencies in some countries is a very big challenge to the acceptance of the coins worldwide. These bans have serious negative effects in the prices of cryptocurrencies.

The numbers of countries that banned cryptocurrency is negligible compared to those that have accepted it ,so the impact won't really be that much on the Crypto market

 

[Justin]

I think bitcoin is already the most secured crypto currency. IT is secured currency that's why the transaction is comparatively slower than other crypto currencies.