Quote from: becak mesin on November 01, 2018, 12:47:04 AM

There are various reasons and risks from Cryptocurrency including:
1. As in the form of digital assets, it is easily misused for financial system crimes such as money laundering.
2. The absence of a clear system, makes cryptocurrency vulnerable to malfunctions that ultimately harm users.
3. Crypto assets have the potential for financial crime (fraud), security violations and operating failures.

1 and 3. Both points look similar to me! Do you think fiat was never used for money laundering or financial crime?? Cryptos came into picture just 10 years back, what was there prior to that?? Think through!!

2. The system of cryptos are very clear, only the system of governments and regulators towards cryptos are not clear! That is major bottleneck towards the mass adoption of crypto. That's a valid point so check your local law before you jump in to the crypto scene!

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For this reason Cryptocurrency cannot be legally accepted and even banned in some countries. All definitely have strong and wise reasons such for the safety and comfort of the user in the country. Therefore, I think it is time for stakeholders in various countries, especially in countries whereas crypto-capitalexchanges trading ecosystems is high, must think about creating and compiling clear regulations related to cryptocurrency to prevent future potential problems. Because we know Cryptocurrency has become an unavoidable necessity and Crypto is not for us to avoid but must be seen as a potential for benefit and global progress.

Check my above reply! Some progressive countries like Japan and Germany have accepted cryptos to be adopted within the mainstream economy! However, there are some backward thinking countries like India and Bangladesh have banned it from being a legal tender! However, that doesn't stop us from adopting crypto because we have a huge p2p market available for trading cryptos! But the way crypto has progressed in just 10 years, it shows that blockchain and cryptos are the future drivers for the economy! Either you become an early adopter or stay with the tide!

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Besides of the regulation of Cryptocurrency itself, the main problem is to prevent and avoid irresponsible individuals who have the potential to do other bitcoin or crypto washing, or theft of Cryptocurrency.

I question my self that do we can be free or stay away from fraud?

This is a very serious concern! The way fiat used to be a toll for financial crimes worldwide, now cryptos are being used! Good and bad always go hand in hand and we can't really eliminate the one for another! The best way to avoid such bad things can be achievable through proper education! There is no other way we can avoid such things and it is also not possible to completely eradicate bad things from an eco system!