Cryptocurrencies are not scalable and. The BIS also said in its annual report that effective regulation of digital coins needed to be global, targeting both regulated financial institutions as well as companies offering crypto-related services number of transactions per second.
Poland Like many other countries in Europe, Poland has not regulated cryptos outside EU requirements. Financial crime There is also concern that crypto firms can, and are, being used as conduits for facilitating financial crime. Non-bank investors, family offices and hedge funds have reportedly been the most active institutional investors in cryptocurrencies Graph 6. Trust: Trust is a particular challenge with regards to the increasingly widespread use of cryptos, especially as cryptos are seen to be eroding or replacing existing monetary norms such as fiat currency.
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