What do you mean by procedures and third parties? Generally in a cryptocurrency transaction there is only the seller and buyer and the transaction is made directly between them and recorded on the blockchain accordingly.
You are right about your opinion concerning crypto currency exchange business, its a good and lucrative if you know your way around it, and the market can never be regulate because of its volatility , and that's why it always flunctuate.
This is the case for many of these websites and personally I have used some of these websites and seeing that the minimum amount required is constantly increased to ensure that you never actually reach the value and as a result you continuously remain active on the site however you will never be able to take out that money.
Well the cryptocurrency market is not really regulated that much but that not with standing does not mean that most of the transactions that are done there are definitely illegal or just that most government of the world are hungry with it because they cannot control it so they will come up with all those insecurities about it that it is being used for illegal transactions just to pull it down.
I think that bulk of the transactions that actually happen in cryptocurrency are of a legal nature, and that the facts are just being exaggerated in order to create panic and perhaps get people against cryptocurrency or to regulate it, so that it works to the benefits of the governments.
I think that people are very interested in the anonymous nature of cryptocurrency because it provides them with a way that they can transact without having to share any of their personal information which is a very major concern especially in the digital era where identity theft is quite concerning.
Yes I know that. Before the coming of cryptocurrency, the black market already existed. What I know about black market is the buying and selling of gold but they have different prices.
The black market is pretty much a way that people can sell without having to worry about legal implications and that is why it is illegal because a lot of the goods that are sold on these websites are not actually allowed in various regions.
Well it's a good thing that the government of your country do not care about cryptocurrency that means you can be allowed to be used by the few people that are still used in making use of it like in my country Nigeria whereby the government have banned its use it in the banking sector.
This is just what is going on with the cryptocurrency industry and I believe they're the government have been hiding that industry because they know that a lot of people are deaf into it and this seems like a way of taking out money from the economy into a platform that the government doesn't understand that much.
Have never thought of this before in my life where crypto currency will be sold in black market price... If not for your enlightenment regarding this issue i might not believe their could be black market price for crypto....
I think that cryptocurrency has become especially prominent on the black market because of the fact that there is so much of these coins that cannot be traced, and people can then not have to worry about being held accountable for their actions.
Crypto currency has dominated the market that is why some big companies are now accepting crypto currency as payment gateway on there website. I prefer to pay for any service using crypto currency because it has lesser fee
I think that the governments are also using this news to their advantage with crypto and they are trying to steer people away from it. If you look at all of the research that has been done the surrounding cryptocurrency you will actually see that Fiat currency has been more dangerous when it comes to illegal activities.