What are the current challenges faced by the cryptocurrency industry, and how are they affecting the growth and adoption of Bitcoin?
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1) Scams : A lot of people are doing scams related to bitcoin and crypto which has reduced the trust of people in crypto. Some people are still scared to use crypto because of fear of these scams.
And this challenge made a huge effect on the cryptocurrency market. Like governments are being tough or strict with the cryptocurrency market. Because of this a lot of criminal activities use cryptocurrency.
This is really tough for the cryptocurrency market because a lot of platforms are being affected especially centralized exchanges and some decentralized platforms.