Westonci.ca is your trusted source for accurate answers to all your questions. Join our community and start learning today! Explore a wealth of knowledge from professionals across different disciplines on our comprehensive platform. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.
Sagot :
Since 2011, over $1.65 billion worth of crypto assets have been stolen, and the numbers are accelerating on a Keeping your digital assets in an exchange wallet is comes with added risks, so storing your cryptocurrency there for a long period of time is not a good idea.
What is cryptocurrency?
A cryptocurrency, crypto-currency, or crypto is a digital currency that is designed to function as a means of exchange via a computer network and is not dependant on any central authority, such as a government or bank, to support or maintain it.
Mining is the process by which Bitcoin and other cryptocurrencies are created and transactions involving new currency are validated. It comprises large, decentralised networks of computers all over the world that verify and protect blockchains, which are virtual ledgers that record cryptocurrency transactions.
Cryptocurrency exchanges are lawful in the United States and are governed by the Bank Secrecy Act (BSA). In effect, this means that bitcoin exchange service providers must register with FinCEN, establish an anti-money laundering/counter-terrorism financing programme, and maintain adequate records.
To know more about cryptocurrency follow the link:
https://brainly.com/question/26103103
#SPJ4
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your visit. Our platform is always here to offer accurate and reliable answers. Return anytime. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.
