Data science & Big data analytics

Discussion 1:

Legal Regulations For Cryptocurrency

Surveys have been done for cryptocurrency use worldwide, given the different types of authority and government over the service. There is a rise to the legislation and policies developed for cryptocurrency use in markets that expand the use of these types that are efficient and faster to use. The actions are different from one state to another. This state comes to the availability of the actual currencies developed in the transactions. At the same time, other counties make it an option to use. In contrast, other organizations don't readily accept their use as they have become hard to regulate and even view authenticity (Prayogo, 2018). Investing in cryptocurrencies comes as an own risk, especially with different types of cryptocurrencies that are different and not known, thus can cause problems. There are limitations issued to using these types that most companies more than support to give the various reasons. There are laws in some countries like Canada as they advertise the legal protections to protect against the ambit of money laundering and counter-terrorism. These act against the currencies done in the black market even transactions to monitor the sender and receiver, thus reducing the crimes that can happen for the transacted money. Other countries see the technology as the opportunity to improve and develop the different sects related to the technically done transactions. It offers efficiency and capability in handling the data. Somes issue the warnings to the cryptocurrency given rise for the warrant regulations over data that is more to the rules. This rule allows the specifications to avoid the taxation that doesn't work with the electronic money sent from one to

another: sender to receiver. The value and importance of the technology make transactions easier and faster though it has some challenges, the positivity and what it can give it is more to the users and clients (Inshyn et al., 2018). REFERENCES Inshyn, M., Mohilevskyi, L., & Drozd, O. (2018). The issue of cryptocurrency legal regulation in Ukraine and all over the world: a comparative analysis. Baltic Journal of Economic Studies, 4(1), 169-174. http://www.baltijapublishing.lv/index.php/issue/article/view/347 Prayogo, G. (2018). Bitcoin, regulation and the importance of national legal reform. Asian Journal of Law and Jurisprudence, 1(1), 1-9. https://www.researchgate.net/profile/Galang_Prayogo/publication/ 328064514_BITCOIN_REGULATION_AND_THE_IMPORTANCE_OF_NATIO NAL_LEGAL_REFORM/links/5bb5af1b92851ca9ed37a904/BITCOIN- REGULATION-AND-THE-IMPORTANCE-OF-NATIONAL-LEGAL- REFORM.pdf

Discussion: 2

Cryptocurrency Legal Protections There is an increase in cryptocurrencies as the best mode in the transactions to use electronic money based within the systems. Cryptocurrencies have improved in their service over past years and have started to influence how different is used. The technology improved itself from just an idea to the use of virtual reality after Bitcoin was enhanced and made into the market. This market has increased and attracted the other followers from using the subsequent ones used and produced. The predictions into the use of the change made in the technology to improve

the market into its use are different and more complex (Prayogo, 2018). The legal issues come over their use in the different countries with different policies and regulations have given the amount that is transacted, and it's essential that does to the economy and revenue standards. In some countries that are more developed and have allowed this technology to dominate and people to transact quickly and efficiently can be a problem to the other countries. Some countries like Japan and China have allowed using this technology as it improves the transactions and is protected for more help, and reduces the bulk transactions in banks. The legal framework must contain the cryptocurrencies, including blockchain technology, for more protection and review as there is a massive rise in its use. In Turkish law, there is a bill that includes using the technology that comes to the recommendation reports that support and enact the use of this technology. Still, there isn't a law to support and protect this technology's use for its citizens. This act raises concern for the regulations developed with more technology improving and increasing. The European government enacted the code that comes down to the data transferred as with the transactions made with the virtual money as this act has increased the transactions as other countries have followed suit (Inshyn et al., 2018). REFERENCES Inshyn, M., Mohilevskyi, L., & Drozd, O. (2018). The issue of cryptocurrency legal regulation in Ukraine and all over the world: a comparative analysis. Baltic Journal of Economic Studies, 4(1), 169-174. http://www.baltijapublishing.lv/index.php/issue/article/view/347 Prayogo, G. (2018). Bitcoin, regulation and the importance of national legal reform. Asian Journal of Law and Jurisprudence, 1(1), 1-9. https://www.researchgate.net/profile/Galang_Prayogo/publication/

328064514_BITCOIN_REGULATION_AND_THE_IMPORTANCE_OF_NATIO NAL_LEGAL_REFORM/links/5bb5af1b92851ca9ed37a904/BITCOIN- REGULATION-AND-THE-IMPORTANCE-OF-NATIONAL-LEGAL- REFORM.pdf