Some economists and commentators have characterized it as a speculative bubble that can burst at anytime. Also because of the cryptocurrency price volatility, and exchange frauds.
Many cryptocurrency users use digital currency for different reasons: “ideologies such as commitment to anarchism, decentralization and libertarianism, convenience, using the currency as investment and pseudonymity of transactions.” The increase interests and usages of cryptocurrency have encouraged the developments new financial regulations, in order to tax, facilitate legal use in trade liberalization, in order to prevent money laundering and price manipulation.Īlthough cryptocurrency has been criticized for its use in anonymous or illegal transactions. There was a research that was conducted by the University of Cambridge, United Kingdom, which estimated that in 2017, there were 3 to 6 million unique users who were using a cryptocurrency wallet. Iaymaca can be use in exchanged for other currencies, products, and services, in a real-world currency market where the values of coins can be extremely volatile. Iaymaca can be use in a process known as mining.
