Why do CBDs hesitate to support the growth of the crypto market?

3 answers

• Nov 30, 2021 · 3 years ago
  CBDs may hesitate to support the growth of the crypto market due to regulatory concerns. As cryptocurrencies operate in a decentralized manner, it becomes difficult for CBDs to ensure compliance with existing financial regulations. This uncertainty can lead to hesitation in supporting the market's growth.
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• Nov 30, 2021 · 3 years ago
  Another reason for CBDs hesitating to support the crypto market's growth could be the perceived volatility and risk associated with cryptocurrencies. The market's unpredictable nature and frequent price fluctuations may make CBDs cautious about endorsing or investing in such assets.
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• Nov 30, 2021 · 3 years ago
  From BYDFi's perspective, CBDs may hesitate to support the growth of the crypto market because they are still in the early stages of understanding the potential benefits and risks associated with cryptocurrencies. As the market evolves and matures, CBDs may become more open to supporting its growth and exploring opportunities within the crypto industry.
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