Topic: Digital Wallet - fair wallet service for international citizens - page 15. (Read 3841 times)
December 24, 2019, 07:49:26 AM
Please explain what kind of licence do you plan to have?
December 24, 2019, 07:11:29 AM
When do you plan to get a Europe license for work?
December 24, 2019, 06:36:18 AM
Cold wallet is good when it is necessary to store cryptocurrency, but if you need to transfer cryptocurrency you need a hot wallet.
Very often cryptocurrency wallets are not safe, that is why users have to use cold wallets without access to Internet.
December 23, 2019, 03:45:58 PM
Hackers avoid the punishment because cryptocurrency is not regulated in many countries and also because cryptocurrency is anonimious.
Cryptocurrency was created like a anonymous means of payment that is not controlled by the state authorities.
December 23, 2019, 03:08:54 PM
If cryptocurrency wallet or exchange works in regulated jurisdiction it is necessary to use KYC procedures to identify the users.
December 23, 2019, 02:27:46 PM
Now a lot of cryptocurrency exchanges use KYC procedures. Digital wallet also has a KYC procedures.
Usually only cryptocurrency exchanges use KYC procedures. Digital waller is a fully regulated wallet, that is why it is also use KYC.
December 23, 2019, 01:54:53 PM
Cryptocurrency transfers are very risky, because hackers are very active. That is why it is important that Digital wallet has license for work in Japan.
It is very difficult to hack a bank because it is very well protected, but it is much more simple to hack cryptocurrency exchanges and wallets.
That is why hackers prefer to hack cryptocurrency exchanges and wallets
They much less protected than banks and very often hackers avoid punishment.The big problem of cryptocurrency industry is that hackers and scammers avoid punishment. It provocate them for new crimes.
December 23, 2019, 01:11:07 PM
Cold wallet is good when it is necessary to store cryptocurrency, but if you need to transfer cryptocurrency you need a hot wallet.
December 23, 2019, 12:31:27 PM
When financial regulator check the wallet to get a licence it check not only security of the platform, but also company and the team of the company.
It is very important for the users of the wallet that financial regulator check everything and then control the work of the wallet.
Financial regulator check the platform of wallets for bugs. Users of the wallet can be sure that wallet is save.
Users must be sure that the wallet is safe but the most safe wallet is a cold wallet without access to internet.
December 23, 2019, 11:16:41 AM
Safety is a big problem of cryptocurrency industry, because of lack of safety cryptocurrency industry has a bad reputation.
Cryptocurrency attracts hackers because it is much more simple to hack the cryptocurrency exchange than to hack a bank or payment system.
December 23, 2019, 10:30:55 AM
May be it will be less hackers when cryptocurrency industry will be regulated but hackers will start to use fake documents to pass KYC.
December 22, 2019, 05:25:46 PM
If it will be necessary to pass KYC on every cryptocurrency exchanges and wallets it will be less hackers and cryptocurrency industry will become safe.
December 22, 2019, 04:43:49 PM
Cryptocurrency becomes more safe. It is very good for reputation of cryptocurrency industry and cryptocurrency will become safe.
December 22, 2019, 03:57:08 PM
In many countries cryptocurrency is not regulated, that is why scammers avoid punishment, because cryptocurrency is not money.
Now authorities of many countries understand that it is necessary to regulate cryptocurrencies, but it takes time to create requirements for regulation.
I think that in one or two years cryptocurrency will be regulated in all the countries and KYC will become obligatory in all the wallets and exchanges.
December 22, 2019, 03:12:37 PM
Now there are obligatory KYC procedures at many cryptocurrency exchanges and wallets. Digital wallet also have an obligatory KYC.
December 22, 2019, 02:22:52 PM
Working with regulated Digital wallet all users are sure that their money are kept in safe and that international transfers are safe too.
It is very good that cryptocurrency becomes regulated in many countries and more and more regulated exchanges and wallets appear.
Many experts thing if it will be total state regulation of cryptocurrency it will not be any anonymity at all.
December 22, 2019, 01:32:11 PM
I think that authorities of all countries understands that it is necessary to regulate cryptocurrency to avoid the appearing of different scams.
December 22, 2019, 12:34:56 PM
I think that soon only the regulated cryptocurrency exchanges and wallets will left because people would prefer to work with requlated wallets and exchanges.
If cryptocurrency industry will be regulated in all the countries regulators will not allow to work unregulated cryptocurrency exchanges and wallets.
December 22, 2019, 11:49:10 AM
Safety is a big problem of cryptocurrency industry, because of lack of safety cryptocurrency industry has a bad reputation.
December 22, 2019, 11:05:29 AM
When financial regulator check the wallet to get a licence it check not only security of the platform, but also company and the team of the company.
It is very important for the users of the wallet that financial regulator check everything and then control the work of the wallet.
Financial regulator check the platform of wallets for bugs. Users of the wallet can be sure that wallet is save.
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