Digital Wallet - fair wallet service for international citizens - page 16.

tabaderemb

newbie

Activity: 14

Merit: 0

Quote from: Vita_guttmann on December 21, 2019, 01:20:01 PM

Quote from: jacuar on December 20, 2019, 10:33:29 AM

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 Huh

They much less protected than banks and very often hackers avoid punishment.

lesnocholor

newbie

Activity: 28

Merit: 0

Now a lot of cryptocurrency exchanges use KYC procedures. Digital wallet also has a KYC procedures.

MinhToan689132

newbie

Activity: 4

Merit: 0

Hackers avoid the punishment because cryptocurrency is not regulated in many countries and also because cryptocurrency is anonimious.

monyetrndo

newbie

Activity: 28

Merit: 0

Another thing that attract hackers to cryptocurrency is that very often after hacking of exchanges hackers avoid the punishment.

Vita_guttmann

newbie

Activity: 14

Merit: 0

Quote from: jacuar on December 20, 2019, 10:33:29 AM

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.

riapergardconf

newbie

Activity: 14

Merit: 0

Quote from: pipoll9 on December 20, 2019, 11:14:20 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.

MinhToan689132

newbie

Activity: 4

Merit: 0

I think that soon only the regulated cryptocurrency exchanges and wallets will left because people would prefer to work with requlated wallets and exchanges.

Twinkledoe

full member

Activity: 1904

Merit: 138

★Bitvest.io★ Play Plinko or Invest!

Quote from: cyberhits on December 21, 2019, 09:52:55 AM

Quote from: Carpetguts on December 20, 2019, 11:50:15 AM

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.

I am wondering if the app has been hacked, is there an assurance from the project that the user can recover his assets or it depends on how much he had before the hacking incident occurred?

Quote from: pipoll9 on December 21, 2019, 08:34:11 AM

Quote from: jacuar on December 20, 2019, 12:54:30 PM

Digital wallet not only work in jurisdiction where cryptocurrency is regulated it is also has a licence of financial regulator of Japan for a work of the wallet.

The presence of licence guarantee that the wallet is safe for work and making transactions and it is fully regulated.

To what extent that their license is responsible of returning the assets if in case they have been hacked in the future?

cyberhits

newbie

Activity: 18

Merit: 0

Quote from: Carpetguts on December 20, 2019, 11:50:15 AM

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.

Vita_guttmann

newbie

Activity: 14

Merit: 0

Quote from: wallpim on December 20, 2019, 12:27:37 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.

pipoll9

newbie

Activity: 14

Merit: 0

Quote from: jacuar on December 20, 2019, 12:54:30 PM

Digital wallet not only work in jurisdiction where cryptocurrency is regulated it is also has a licence of financial regulator of Japan for a work of the wallet.

The presence of licence guarantee that the wallet is safe for work and making transactions and it is fully regulated.

jacuar

newbie

Activity: 5

Merit: 0

Quote from: leopanteley on December 19, 2019, 09:40:09 AM

Quote from: SirTOOZ on December 16, 2019, 01:40:17 PM

Quote from: thinmanade on December 15, 2019, 09:53:59 AM

I agree that it is more simple to develop in the region when cryptocurrency is regulated. Hope soon cryptocurrency will regulated in all the countries.

If cryptocurrency is regulated in the country there are a lot of rules and regulations and it is obligatory to follow all these rules.

If cryptocurrency market will be regulated in all the countries cryptocurrency will become more safe and will have a better reputation.

Digital wallet not only work in jurisdiction where cryptocurrency is regulated it is also has a licence of financial regulator of Japan for a work of the wallet.

wallpim

newbie

Activity: 42

Merit: 0

Quote from: javaman09 on December 19, 2019, 10:13:06 AM

Cryptocurrency has a bad reputation because there are a lot of scams and scammers do not have any punishment for their scams.

In many countries cryptocurrency is not regulated, that is why scammers avoid punishment, because cryptocurrency is not money.

Carpetguts

newbie

Activity: 28

Merit: 0

Working with regulated Digital wallet all users are sure that their money are kept in safe and that international transfers are safe too.

pipoll9

newbie

Activity: 14

Merit: 0

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.

jacuar

newbie

Activity: 5

Merit: 0

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.

pipoll9

newbie

Activity: 14

Merit: 0

Quote from: aswin.shajahan on December 19, 2019, 10:48:35 AM

Scammers use that fact that cryptocurrency is not regulated in many contries, make frauds, takes money and avoid the punishment.

That is why it is so important to work in jurisdiction when cryptocurrency is regulated and also have a licences for special kind of activities.

jacuar

newbie

Activity: 5

Merit: 0

Quote from: irkilpectfirs on December 19, 2019, 11:22:44 AM

It is very difficult to be better and to attract attention of the users. Promotion is necessary, but promotion costs a lot of money.

When the market is falling very often promotion is not effective because people do not trust cryptocurrency. They lose money on falling market.

confnemigua

newbie

Activity: 5

Merit: 0

Quote from: narfauvendesc on December 19, 2019, 12:01:27 PM

Now when cryptocurrency market falls crypto startups do not have enough money for development and growing of comminity. They reduce their costs.

Price of cryptocurrency started to raise. But now it is very difficult to say what does this growth mean - recovery of the market or just correction.

toolsmchs

newbie

Activity: 4

Merit: 0

Quote from: frboom on December 19, 2019, 12:31:42 PM

Many cryptocurrency startups are registrated in Estonia where cryptocurrency is regulated. Digital wallet is registered in Estonia too.

Cryptocurrency startups can legally work only in jurisdiction when cryptocurrency is regulated. That is why Estonia is so popular for registration of crypto projects.

Topic: Digital Wallet - fair wallet service for international citizens - page 16. (Read 3841 times)