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UAE: High Risk or Low Risk in Investing in Cryptocurrency

October 30, 2017 Joshua Amponsem 0

The future of cryptocurrencies have been an interesting discussion in a recent couple of years as technological advancement keeps growing and investments keep rising in Bitcoins – which currently holds 40 percent of the cryptocurrency market. However, there is a high risk in any luxurious business and the risk in trading with cryptocurrencies is beginning to unfold. This year, Bitcoin rose to a $5,000 at some point while gradually running down to $3,000. In UAE, cryptocurrency investors are under threat as the central bank is underway to impede the use of cryptocurrencies as it is noticed as an easy way to engage in money laundering, fraud, and funding terrorist activities. Read more