Cryptocurrency is not Regulated, it is not controlled by any financial authority or any central bank. No rule or law protecting it which is another downside.

One of the major disadvantages of cryptocurrency is that it is not regulated in all countries. Some countries have banned it because of its high volatility. If all countries regulate the crypto market and create their own CBDC then I think the future of crypto is very bright and all countries can generate good income from it.

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