How Investors Can Keep Crypto Assets Safe
Cryptocurrencies have also been used to finance covert arms for the Ukrainian resistance. In June 2018, South Korean exchange Coinrail was hacked, losing over $37M worth of cryptos. The hack worsened an already ongoing cryptocurrency selloff by an additional $42 billion. In Russia, though owning cryptocurrency is legal, its residents are only allowed to purchase goods from other residents using Russian ruble while nonresidents are allowed to use foreign currency. Regulations and bans that apply to bitcoin probably extend to similar cryptocurrency systems. Crypto On Venmo A number of aid agencies have started accepting donations in cryptocurrencies, including the American Red Cross, UNICEF, and the UN World Food Program. Cryptocurrency advertisements have been temporarily banned on Facebook, newyorktodaymag Google, Twitter, Bing, Snapchat, LinkedIn and MailChimp. Chinese internet platforms Baidu, Tencent, and Weibo have also prohibited bitcoin advertisements. The Japanese plat...