- Jul 27, 2015
- 5,458
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With normal banks it does. In my country it even exist something called " Deposit insurance and investor protection ". Only setback is that anything above that amount you can forget about, but personal I rather take that in a heartbeat then with Crypto currencys, nothing.There are no consumer protections whatsoever.
With normal banks it does. In my country it even exist something called " Deposit insurance and investor protection ". Only setback is that anything above that amount you can forget about, but personal I rather take that in a heartbeat then with Crypto currencys, nothing.
How the deposit insurance works
The deposit insurance provides compensation up to SEK 950,000 per person per institution. Feel confident even in times of financial instability.www.riksgalden.se
tax evasion? really? they ( the gov ) always take our tax with the money from our work, from things we buy and etc etcThat ain't nothing. All you have to do is mis-key a wallet address and you will lose whatever you sent. There is no way to reverse crypto transactions. There are no consumer protections whatsoever. But hey, this is supposed to be the revolution that takes over the world. Even the crypto experts say cryptos are great for:
- tax evasion
- money laundering
- nation-state circumvention of economic sanctions
- criminal activity
- financial warfare
tax evasion? really? they ( the gov ) always take our tax with the money from our work, from things we buy and etc etc
with dollar, euro and all " real money " there alot more criminal activity than with crypto...
Trust No One: The Hunt for the Crypto King charts the rise and fall of Cotten’s cryptocurrency exchange, QuadrigaCX, which collapsed – along with $190 million of customer holdings – following its founder's unexplained death in 2018.