pipoll9
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December 21, 2019, 01:34:11 PM |
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Digital wallet not only work in jurisdiction where cryptocurrency is regulated it is also has a licence of financial regulator of Japan for a work of the wallet.
The presence of licence guarantee that the wallet is safe for work and making transactions and it is fully regulated.
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Vita_guttmann
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December 21, 2019, 02:11:07 PM |
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In many countries cryptocurrency is not regulated, that is why scammers avoid punishment, because cryptocurrency is not money.
Now authorities of many countries understand that it is necessary to regulate cryptocurrencies, but it takes time to create requirements for regulation.
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cyberhits
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December 21, 2019, 02:52:55 PM |
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Working with regulated Digital wallet all users are sure that their money are kept in safe and that international transfers are safe too.
It is very good that cryptocurrency becomes regulated in many countries and more and more regulated exchanges and wallets appear.
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Twinkledoe
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★Bitvest.io★ Play Plinko or Invest!
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December 21, 2019, 03:00:39 PM |
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Working with regulated Digital wallet all users are sure that their money are kept in safe and that international transfers are safe too.
It is very good that cryptocurrency becomes regulated in many countries and more and more regulated exchanges and wallets appear. I am wondering if the app has been hacked, is there an assurance from the project that the user can recover his assets or it depends on how much he had before the hacking incident occurred? Digital wallet not only work in jurisdiction where cryptocurrency is regulated it is also has a licence of financial regulator of Japan for a work of the wallet.
The presence of licence guarantee that the wallet is safe for work and making transactions and it is fully regulated. To what extent that their license is responsible of returning the assets if in case they have been hacked in the future?
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MinhToan689132
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December 21, 2019, 03:48:24 PM |
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I think that soon only the regulated cryptocurrency exchanges and wallets will left because people would prefer to work with requlated wallets and exchanges.
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riapergardconf
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December 21, 2019, 04:38:48 PM |
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When financial regulator check the wallet to get a licence it check not only security of the platform, but also company and the team of the company.
It is very important for the users of the wallet that financial regulator check everything and then control the work of the wallet.
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Vita_guttmann
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December 21, 2019, 06:20:01 PM |
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Cryptocurrency transfers are very risky, because hackers are very active. That is why it is important that Digital wallet has license for work in Japan.
It is very difficult to hack a bank because it is very well protected, but it is much more simple to hack cryptocurrency exchanges and wallets.
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monyetrndo
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December 21, 2019, 07:06:21 PM |
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Another thing that attract hackers to cryptocurrency is that very often after hacking of exchanges hackers avoid the punishment.
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MinhToan689132
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December 21, 2019, 07:47:57 PM |
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Hackers avoid the punishment because cryptocurrency is not regulated in many countries and also because cryptocurrency is anonimious.
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lesnocholor
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December 21, 2019, 08:30:58 PM |
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Now a lot of cryptocurrency exchanges use KYC procedures. Digital wallet also has a KYC procedures.
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tabaderemb
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December 22, 2019, 03:24:18 PM |
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Cryptocurrency transfers are very risky, because hackers are very active. That is why it is important that Digital wallet has license for work in Japan.
It is very difficult to hack a bank because it is very well protected, but it is much more simple to hack cryptocurrency exchanges and wallets. That is why hackers prefer to hack cryptocurrency exchanges and wallets ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) They much less protected than banks and very often hackers avoid punishment.
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Vita_guttmann
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December 22, 2019, 04:05:29 PM |
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When financial regulator check the wallet to get a licence it check not only security of the platform, but also company and the team of the company.
It is very important for the users of the wallet that financial regulator check everything and then control the work of the wallet. Financial regulator check the platform of wallets for bugs. Users of the wallet can be sure that wallet is save.
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monyetrndo
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December 22, 2019, 04:49:10 PM |
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Safety is a big problem of cryptocurrency industry, because of lack of safety cryptocurrency industry has a bad reputation.
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pipoll9
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December 22, 2019, 05:34:56 PM |
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I think that soon only the regulated cryptocurrency exchanges and wallets will left because people would prefer to work with requlated wallets and exchanges.
If cryptocurrency industry will be regulated in all the countries regulators will not allow to work unregulated cryptocurrency exchanges and wallets.
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Carpetguts
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December 22, 2019, 06:32:11 PM |
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I think that authorities of all countries understands that it is necessary to regulate cryptocurrency to avoid the appearing of different scams.
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riapergardconf
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December 22, 2019, 07:22:52 PM |
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Working with regulated Digital wallet all users are sure that their money are kept in safe and that international transfers are safe too.
It is very good that cryptocurrency becomes regulated in many countries and more and more regulated exchanges and wallets appear. Many experts thing if it will be total state regulation of cryptocurrency it will not be any anonymity at all.
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tabaderemb
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December 22, 2019, 08:12:37 PM |
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Now there are obligatory KYC procedures at many cryptocurrency exchanges and wallets. Digital wallet also have an obligatory KYC.
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hardlinkwordle
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December 22, 2019, 08:57:08 PM |
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In many countries cryptocurrency is not regulated, that is why scammers avoid punishment, because cryptocurrency is not money.
Now authorities of many countries understand that it is necessary to regulate cryptocurrencies, but it takes time to create requirements for regulation. I think that in one or two years cryptocurrency will be regulated in all the countries and KYC will become obligatory in all the wallets and exchanges.
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wallpim
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December 22, 2019, 09:43:49 PM |
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Cryptocurrency becomes more safe. It is very good for reputation of cryptocurrency industry and cryptocurrency will become safe.
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cyberhits
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December 22, 2019, 10:25:46 PM |
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If it will be necessary to pass KYC on every cryptocurrency exchanges and wallets it will be less hackers and cryptocurrency industry will become safe.
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