How does the lack of taxation and representation affect the stability of the digital currency market?

1 answers

• Alvin AdetyaMay 03, 2024 · a year ago
  At BYDFi, we believe that the lack of taxation and representation in the digital currency market can have both positive and negative impacts on its stability. On one hand, the absence of taxation can promote innovation and growth in the market, as it allows for more freedom and flexibility in conducting transactions. However, without proper taxation and regulation, the market may become more prone to volatility and manipulation, which can undermine its stability. It is important for the industry to find a balance between fostering innovation and ensuring the stability and security of the digital currency market.
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