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How will fast emerging platforms and regulatory hurdles impact cryptocurrency industry

Cryptocurrency market have gained wide-scale popularity in the past few years as large businesses and investors are intrigued by the new opportunities and benefits associated with these digital ‘currencies’. Cryptocurrencies, or cryptos, are designed to work as a medium of exchange and exist completely online. Backed by blockchain technology, cryptos operate without the requirement of a central authority and eliminate certain processing and transaction fees. As these digital assets are not backed by a bank or other traditional lending institutions, transactions made using cryptocurrency are highly encrypted, subsequently keeping an individual’s personal information private.

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