Published by: aplhsindia.in Wednesday, July 5, 2023 Wednesday, July 5, 2023

Cryptocurrency: it's the financial innovation of our time, capturing imaginations and investments worldwide. Yet, with great innovation comes the need for great regulation. In this blog post, we will explore the pressing topic of global standards to regulate cryptocurrency. We'll break it down in a way that even a primary school student can understand. Unraveling Cryptocurrency Cryptocurrency in a Nutshell Before we dive into the complexities of regulation, let's first understand what cryptocurrency is. Simply put, cryptocurrency is a digital form of money. Unlike the dollars and euros in your wallet, it exists purely in digital form. It's like the money you see in video games, but with real-world value. The Bitcoin Boom Bitcoin, often referred to as the pioneer of cryptocurrencies, gained immense popularity in recent years. Many people bought Bitcoin, hoping its value would increase. And it did! This led to a surge in interest in cryptocurrencies, sparking a frenzy of innovation and investment in...

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