News
7 Big Cryptocurrency Myths Busted
Illustration: Dado Ruvic (Reuters)
Cryptocurrency is based on new technology and many people don’t understand it. As a result, they may mistakenly believe that it is money used by criminals and scammers.
But it’s not true. Bitcoin is the most secure form of digital currency and was created to create a digital currency that is decentralized and free from the control of governments and central banks.
Furthermore, fraud, scams, Ponzi schemes, money laundering, bribery, illicit financing and corruption have been widespread in every society for centuries. Cash, which cannot be traced, remains the most popular method for illegal goods and services, not cryptocurrency.