One of the most widely used cryptocurrencies at the moment is Crypto HIVE. especially in today's Indonesia. Many are looking for cryptocurrency because of a recent price surge. Many even predict that the price of HIVE will rise significantly shortly. Purchasing this HiVE coin will undoubtedly be advantageous for crypto investors. Even though some nations continue to turn a blind eye to the use of cryptocurrencies, particularly Hive, which has drawn attention from the hive community.
The acceptability is growing. I even observed that Indonesians enjoy the Hive Blockchain Nest, and as a result, a local community was formed among them. On the other hand, I observe that certain groups that were formerly vehemently opposed to Hive have begun making investments in the cryptocurrency with the current greatest market value. numerous arguments put up by some parties to discourage people from joining the crypto world. Nevertheless, despite everything, cryptocurrency is still developing day by day, and eventually, the entire world will understand that cryptocurrencies are the actual future.The course chosen is still reaping the benefits and drawbacks of the fundamental distinctions between crypto and fiat currencies, despite a local news report here predicting that cryptocurrencies will soon replace fiat currencies.The adoption of cryptocurrencies is lagging as more individuals become aware of the project's validity as a result of the influence attached to it. Due to the higher interest rates that arise from saving than from keeping fiat money in saves, this has caused many people to invest in the cryptocurrency market and to momentarily consider crypto savings to be the best. Considering the current state of affairs, I question whether fiat money will survive if cryptocurrencies are broadly accepted as legal tender. The question is whether the value will remain the same if the majority of cryptocurrencies concentrate on investments and savings. You will still utilize fiat money a lot when conducting some crypto-to-cash transfers.Due to the high-interest rate, having cryptocurrency in savings has a significant advantage over saving more money in the bank. Although decentralized cryptocurrencies provide an individual complete control over his assets, bank savings benefit the bank, not the individual. In violation of Law No. 7 of 2011 Concerning Currencies, the Indonesian government even using cryptocurrencies or cryptos as a form of payment is unlawful. however, as assets that are traded in the physical market The Commodity Futures Trading Regulatory Agency Number 7 of 2020 regulates digital currencies as assets that can be traded legally in Indonesia.
Initially, they did not reconcile with the adoption of cryptocurrencies because they reasoned that no physical form, has value, the exact amount is known, property rights and can be handed over to the buyer, "
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