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Why is Bitcoin Valuable?
Summary Bitcoin’s value stems from a variety of different attributes. At the end of the day, the value of cryptocurrencies and fiat currencies comes from “trust”. As long as society believes in the fiat currency system, money will always have value. The same is true for Bitcoin: as long as users trust it, it has…
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Cryptocurrency Basics
Cryptocurrency Basics What is cryptocurrency? Cryptocurrency (abbreviated “crypto”) is a digital currency that individual users can use as a medium to transfer economic value in a digital environment. You might be wondering how this system differs from PayPal or the digital banking app on your phone. On the surface, they seem to be used in…
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Frequently Asked Questions about Cryptocurrencies
Are cryptocurrencies legal? Few countries explicitly prohibit buying, selling or saving cryptocurrencies. Bitcoin and other virtual currencies are completely legal in the vast majority of countries around the world. Before participating in investment or consumption, you must confirm whether your jurisdiction allows the use of cryptocurrencies. Please note that different countries have different regulations for…
