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What are the risks of cryptocurrency?

  • Thread starter Thread starter Ernestnari
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Ernestnari

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Cryptocurrency risks include the potential for them to be used for illegal activities, fraudulent activities, or for activities that are not authorized by the user. Cryptocurrency can also be used tospendingsaving potential unreported expenses, which could result in financial loss. Additionally, cryptocurrency could be used tospenders lives or wounded feelings.
 
One of the major accusations from the government regarding cryptocurrency is its potential use for illegal activities and money laundering. However, long before cryptos were introduced things like these were already happening.
 
Ernestnari said:
Cryptocurrency risks include the potential for them to be used for illegal activities, fraudulent activities, or for activities that are not authorized by the user. Cryptocurrency can also be used tospendingsaving potential unreported expenses, which could result in financial loss. Additionally, cryptocurrency could be used tospenders lives or wounded feelings.
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I think the government have not fully accepted the usage. The risk it that it may no longer exist.
 
The biggest risk is we can not assume the future of crypto and in India these are taxed at 30% which is too much
 
Salt said:
The biggest risk is we can not assume the future of crypto and in India these are taxed at 30% which is too much
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Another risk is that you may invest your money in a cryptocurrency that is scam
 
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